Easy Street: April 25
Easy Street is Marketplace’s daily roundup of the most interesting news stories and commentary about Wall Street, Washington and the curious world of finance.
The Fed ballet: The Federal Reserve will have its first-ever press conference Wednesday, and it will be carefully choreographed. Let’s just hope that its balletic inspiration is not “Black Swan.”
Warren Buffett goes to mortality camp: The Oracle is starting show signs of humanity.
Related: Some things you may not know about Warren Buffett‘ security detail.
Project Captain America: This is the code name for Nasdaq’s plan to take over the New York Stock Exchange. But it really should be called Project Cost Savings, because that’s what people are worried about.
Gold bugs: Due to be exterminated by the Federal Reserve?
Related: Gold and silver keep rising to new records because of…China.
Carl Icahn: Says the New York Times can’t call him old.
Bernie Madoff: An excerpt from Diana Henriques’ new book on the crown prince of cons.
Cat bonds: The market for catastrophe bonds – known as cat bonds – is tiny. Call them kitten bonds, we guess.
Raj Rajaratnam: A portrait of the jury that will decide the biggest insider-trading case in history.
Related: Why is this man smiling?
The Washington Matrix
Tim Geithner, surfer dude: The nation’s Treasury Secretary has excellent taste in surfing locales. Half Moon Bay is beautiful. The highlight of this segment is the surfing instructor who was glad that the Secret Service was hanging around, so his car wouldn’t get broken into.
Related: Geithner also likes to cook barefoot.
U.S. income inequality is growing.
Related: Food prices may rise up to 4% this year. That’s more than U.S. GDP, that’s for sure.
The FDA: It is waging long battles against approving a lot of drugs, and investors in healthcare companies are mad as hell.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.