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  • The World Cup Expected Bring $1.6 Billion into South Africa

    The Yankees may have moved past Manchester United to the top of Forbes Magazine's most valuable sports teams list , but globally, soccer--or football rather--remains king of sport business. And with the World Cup kicking off this week, South Africa is expecting a big payday and a boost to its GDP. CNBC's Squawk Box Europe broke down the potential economic benefits for South Africa, and also looked at the economic viability of professional football in Europe. And they think that in spite of rising wages and some debt issues, broadcast revenues are sustaining the sport's high spending ways:

  • Planet Money's Toxic Asset

    David Kestenbaum and his colleagues at NPR's Planet Money weren't content in simply covering the global economic crisis--they wanted to "own a piece of it." So they bought a toxic asset back in January. Their asset--which had more than 2,000 mortgages in it--cost them $1,000. They estimate it was once worth $75,000. Now they are inviting the public to watch it die . Kestenbaum explained it all to CNBC:

  • James Surowiecki: Investors Have Too Much 'Information' To Make Good Decisions

    James Surowiecki says investing is a bit like buying a television set--except instead of having just one salesperson talking up a particular model, you have many, many "experts" in your head yelling and telling you to buy or sell. And Surowiecki, author of the 2004 book The Wisdom of Crowds , argues that investing actually requires limiting the amount of so-called information that follows the daily activity of the market. "The media," he says in an interview with Big Think , tends to "exaggerate the importance of any one piece of news." So investors are better off if they aren't cluttering their minds with a constantly moving day-to-day analysis. Here is an excerpt of the interview: You can watch the full interview here .

  • Paulson on Pushing For TARP Against Reluctant Politicians

    Former Treasury Secretary Henry Paulson has a new book out in which he gives his first-hand account of what transpired during the near economic collapse of 2008. And with the release of On The Brink , Paulson is becoming a public figure again. He is getting a lot of screen time with CNBC this week, after giving Steve Liesman an interview over the weekend. Here is an excerpt of that interview, in which Paulson discusses pushing for TARP with certain political figures: Read the transcript for Liesman's interview with Paulson here .

  • Roubini Warns of W-Shaped Recession

    Nouriel Roubini is more concerned about looming inflation than Alan Blinder (see previous post). The NYU economics professor and chair of RGE Monitor sees a looming "W-shaped"--or "double-dip"--recession for both Europe and the United States. And today, speaking to CNBC from the Paris Conference on Long-Term Vlue and Economic Stability , Roubini warned of the effect of rising oil prices.

  • Geithner on the Air

    After announcing his plan yesterday to get bad assets off of banks' books, Sec. Geithner hit the airwaves yesterday to answer questions about the plan. He spoke with Kai Ryssdal of Marketplace , and reinforced statements from earlier in the day that , namely that this is just "part of a broader plan," and "we aren't doing this for the banks. We are doing this for the people who need banks." When Ryssdal asks what Geithner is watching to see whether the economy is turning around, Geithner answers "spending." Listen : You can read a transcript of this interview here . Geithner also spoke with CNBC 's Erin Morris . For the most part, he stuck to the same themes, though the questioning was a little different. For example, he had to answer questions like "Does the administration believe that a key part of being American is for people to be entrepreneurs and be able to make as much money as they can on their own, or not?" Morris also asked Geithner whether we can use his own effor to sell his house as an economic indicator. (Geithner's NY house is on the market, but Geithner responds that they aren't moving until the end of the school year). You can watch the full interview here , and read a transcript here .

  • Cable News Personalities Gone Wild: Cramer vs. Stewart

    First, CNBC's Rick Santelli shared his feelings about the Obama Administration's efforts to bail out homeowners who are "under water" with their mortgages: The short video became a phenomenon, so producers for The Daily Show booked Santelli for an interview with Jon Stewart. Santelli then cancelled, prompting this response from Stewart: The Daily Show With Jon Stewart M - Th 11p / 10c CNBC Gives Financial Advice Daily Show Full Episodes Important Things With Demetri Martin Political Humor Joke of the Day So CNBC's Jim Cramer responded: And The Daily Show came back at him. The Daily Show With Jon Stewart M - Th 11p / 10c CNBC Gives Financial Advice Daily Show Full Episodes Important Things w/ Demetri Martin Political Humor Jim Cramer Then, last night, Jim Cramer went on The Daily Show himself. There was some disagreement and some conciliatory gestures. And in then end, everyone seemed to go home happy. Here's a clip from last night's program (language not suitable for children). The Daily Show With Jon Stewart M - Th 11p / 10c Jim Cramer Interview Outtake Pt. 3 Daily Show Full Episodes Important Things w/ Demetri Martin Political Humor Jim Cramer Watch the full episode at Comedy Central's website here .