Mark Koba is a senior editor at CNBC.com. Topics for his feature story writing include the business of politics, health care, employment and the economy.
Before working at CNBC.com, he spent 11 years at Bloomberg LP, where among various duties, he was program producer for the award-winning "Bloomberg Small Business" television show.
Koba's background includes a decade of news writing and show producing at CNN, E! Entertainment Television, ABC's "World News Now," "Good Morning America" and CBS' "This Morning."
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The American middle class is under fire according to many Democrats and they say it's getting worse. As we noted earlier, Sen. Jim Webb (D-VA) said as much in his response to the president's State of the Union speech last night--when Webb said there are "two different countries" when it comes to getting benefits from a good U.S. economy.
"This economy is moving and it's our job to keep it that way. Not with more government, but with more enterprise." That statement is from last night's State of the Union speech by President George Bush. It's a sentiment most Republicans share--but many Democrats don't. On "Morning Call" CNBC's John Harwood previewed what looks like a coming battle over the nation's economic health.
Last night was the first time in his presidency that George W. Bush gave his State of the Union Speech to a Democratically controlled Congress. He laid out his domestic agenda with a renewed calls for action on energy independence, immigration reform and health care coverage. The last part of his speech dealt with the war in Iraq. So--how did it play with the Democrats and with members of his own party? Steny Hoyer (D-MD)...
Driving to your favorite steakhouse might be more energy efficient in the future--but cleaner air and better gas mileage will begin to cost you more for that t-bone platter. Higher corn prices are likely to be trickling down into areas--including prices for meat. The reason? corn is a main ingredient for making ethanol and corn is used for feeding livestock like cattle.
The meeting Apple's CEO Steve Jobs had last week with SEC and U.S. Justice Department officials over stock backdating--might not turn out to be much at all--according to CNBC's Jim Goldman. The meeting was reported today by Bloomberg. But Goldman says people he talked to --don't expect anything to come from all this. In fact--it seems even the probe by government officials may just end up "going away."
President George Bush gives his State of The Union speech tonight and he's expected to focus a lot of what he says on domestic policy. One key element is a new health care plan aimed at expanding coverage through tax credits. The idea is to make health care a "free market good." And the costs--well that comes from money that might have gone to your care.
Looking for a new home? No problem. Got $80 million? Better dig deep into the checking account because that's what you'll need to buy one of the homes from America's number one real estate agent. She's Dolly Lenz from Prudential Douglas Elliman. She and CEO Pamela Liebman from the Corcoran Group were on "Power Lunch" to talk about some of the "blockbuster" homes they have on the market.
Sarbanes-Oxley may never work its way into the hearts and minds of Wall Street. The regulation came under attack yet again today (see earlier post on Mayor Michael Bloomberg and NYC's financial services) as a reason New York City and the U.S. are losing their financial edge to cities like London. The complaint is the 2002 law is too much and too costly to obey. And that's driving IPOs, hedge funds and the like...
It's almost the end of the financial world as we know it-- in New York City. At least that's according to New York Mayor Michael Bloomberg (R) and Sen. Chuck Schumer (D-NY). Both men say NYC--and the U.S. for that matter-- are losing their competitive edge as leaders in financial dealings. Today--the politicos released a study done by the mayor's office and consultant group McKinsey that apparently proves the point.
Most analysts have been watching the price of oil and how low it will go as a way to measure inflation in the U.S. But--there may be a new item on the inflation "menu" to keep an eye on: food. When oil went to high prices this past summer--the ethanol boom sent investors to corn (corn is used for making ethanol). Some economists now say agri-culture.....