Here and Now

Robin Young and Jeremy Hobson

Here & Now offers a distinctive mix of hard news and rich conversation featuring interesting players from across the spectrum of arts and culture, business, technology, science and politics.

Genre: 
Composer ID: 
51deea82d76c38de3200015a|5187c93ce1c8256467c3b610

Pages

News
4:28 pm
Fri July 26, 2013

Hedge Fund Pleads Not Guilty To Fraud Charges

General Council for SAC Capital Advisors LP, Peter Nussbaum exits Manhattan federal court, Friday, July 26, 2013, in New York. (Louis Lanzano/AP)

Prosecutors said a large volume of evidence including electronic messages, court-ordered wiretaps and consensual recordings is stacked against a Connecticut-based hedge fund that pleaded not guilty Friday to criminal charges accusing it of letting insider trading flourish for more than a decade.

Assistant U.S. Attorney Antonia Apps told a federal judge in Manhattan that investigators had “voluminous” evidence against SAC Capital Advisors, a Stamford, Conn.-based firm owned by billionaire Steven A. Cohen.

Read more
Here & Now
11:56 am
Tue July 23, 2013

What Detroit Can Learn From Other Cities

Michigan Gov. Rick Snyder, right, and state-appointed emergency manager Kevyn Orr leave a news conference in Detroit after addressing the city's bankruptcy, July 19, 2013. (Carlos Osorio/AP)

Originally published on Mon July 22, 2013 6:40 pm

As officials in Detroit move forward with the city’s bankruptcy filing, what can they learn from other cities across the country that have gone down this path?

Harrisburg, Pennsylvania, filed for bankruptcy in October of 2011. There’s also San Bernadino, California; Jefferson County, Alabama; and Central Falls, Rhode Island, among others.

David Shepardson, Washington bureau chief for The Detroit News, joins us to explain how other cities have handled tough issues such as whether pensions will be paid.

Read more

Pages