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Joseph Nocera (born May 6, 1952) [1] is an American business journalist and author. He has written for The New York Times since April 2005, writing for the editorial page from 2011 to 2015. He was also an opinion columnist for Bloomberg Opinion . [2]
Nocera was born in Providence, Rhode Island. [1] He earned a B.S. in journalism from Boston University in 1974. [3]
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In the late 1970s he was an editor at The Washington Monthly . In the 1980s, he was an editor at Newsweek ; an executive editor of New England Monthly ; and a senior editor at Texas Monthly .
Nocera was the "Profit Motive" columnist at Esquire from 1988 to 1990 and wrote the same column for GQ from 1990 to 1995. He worked at Fortune from 1995 to 2005, in a variety of positions, finally as editorial director.
He became a business columnist for The New York Times in April 2005. In March 2011, Nocera became a regular opinion columnist for The Times's Op-Ed page, writing on Tuesdays and Saturdays. [4] He is also a business commentator for NPR’s Weekend Edition with Scott Simon. [5]
In November 2015, Nocera began writing in the sports page of The Times. [6] Executives at The Times cited Nocera's interest in sports, specifically injuries to student athletes and business issues in college athletics, as the reason for reassignment to the sports page from the Op-Ed page. [6] In his last column on the Op-Ed page of The Times, Nocera offered his views on several issues unrelated to sports including gun control and Michael Bloomberg's involvement with the issue, Supreme Court terms, education in the United States, e-cigarettes, and election day in the United States. [7]
In January 2017, Nocera began writing a column for Bloomberg View on business, political and other subjects. [2]
Nocera wrote and hosted a podcast entitled The Shrink Next Door in 2019–2021. [8] The podcast is a case study on the abuse by a psychotherapist towards a patient.
Nocera's columns in the New York Times offer perspectives on a wide array of current events. [3] He writes series of columns on specific issues, and often focuses on specific areas of interest to him.
Since 2011, Nocera has written over 10 columns on the role played by the NCAA in the United States with a view that the NCAA "unfairly exploits college football and men's basketball players" through a "double standard". [3] [9] [10] To support this view, he cites the negative effects NCAA policies may have on student athletes, which include unfair suspensions and financial inducements given to universities that lead to potential conflicts of interest. [11] [12]
Nocera has criticized specific actions and policies, pertaining to intercollegiate athletics, of many universities, including Rutgers University, University of North Carolina at Chapel Hill, University of Alabama, Baylor University, and University of Notre Dame. [13] [14] [15] [16] [17] He has also extensively criticized the NCAA and Penn State University for their handling of the Penn State child sex abuse scandal. [18] [19] [20] [21] [22] [23] [24]
Nocera advocates fracking, which is viewed as an economical method for natural gas extraction. [25] Fracking, however, faces widespread debate for its environmental impact. Its critics argue that, by augmenting fossil fuel supply, fracking contributes to greenhouse gas emissions and global warming. Nocera believes that these concerns are overstated because fossil fuel consumption is driven primarily by demand. [26] Nocera argues that, because fracking has been widely adopted, "the responsible approach is not to wish it away, but to exploit its benefits while straightforwardly addressing its problems". [25]
Nocera also supports the construction of Keystone XL, which would transport fossil fuels from oil sands and shale gas deposits in Canada. For reasons similar to those for fracking, the proposed pipeline has been subject of political debate since it was proposed in 2008. [27] [28] He has been a "longtime supporter of the pipeline" as it would, in his view, help the United States achieve "energy independence". [29]
Nocera earned three John Hancock Awards for Excellence in Business Writing in 1983, 1984, and 1991, respectively. [1]
Nocera's book A Piece of the Action: How the Middle Class Joined the Money Class won the New York Public Library's Helen Bernstein Award for best non-fiction book of 1995.[ citation needed ]
His contributions to business journalism have been recognized with three Gerald Loeb Awards: 1983 in the Magazines category for "It's Time to Make a Deal", [30] [31] 1996 in the Magazines category for "Fatal Litigation", [32] [30] and 2008 in the Commentary category for "Talking Business". [33]
In 2007, he was named a Pulitzer Prize for Commentary finalist. [34]
In an August 2011 column on the US debt ceiling crisis, Nocera compared "Tea Party Republicans" with terrorists, and wrote that they "have waged jihad on the American people" and suggested that they "can put aside their suicide vests". [35] This choice of words was criticized in a number of media outlets, including by Jonah Goldberg of the National Review , Jennifer Rubin of The Washington Post , and Jason Suderman of Reason magazine , along with then White House press secretary Jay Carney. [36] [37] [38] [39] In a follow-up column, Nocera writes "[what] most surprised me is how darned liberal I sound sometimes." He then apologized:
After comparing Congressional negotiations with "hand-to-hand combat", Nocera concluded the column with "I won't be calling anybody names. That I can promise." [40]
Indentured: The Inside Story of the Rebellion Against the NCAA, which he co-wrote with Ben Strauss, won the 2017 PEN America ESPN Award for Literary Sportswriting. [41]
Nocera lives in New York City. [3]
Michael E. Kinsley is an American political journalist and commentator. Primarily active in print media as both a writer and editor, he also became known to television audiences as a co-host on Crossfire.
Joseph Vincent Paterno, sometimes referred to as JoePa, was an American college football player, athletic director, and coach. He was the head coach of the Penn State Nittany Lions from 1966 to 2011. With 409 victories, Paterno is the most victorious coach in NCAA FBS history. He recorded his 409th victory on October 29, 2011; his career ended with his dismissal from the team on November 9, 2011, as a result of the Penn State child sex abuse scandal. He died 74 days later, of complications from lung cancer.
Bethany Lee McLean is an American journalist and contributing editor for Vanity Fair magazine. She is known for her writing on the Enron scandal and the 2008 financial crisis. Previous assignments include editor-at-large, columnist for Fortune, and a contributor to Slate.
Jefferies Financial Group Inc. is an American financial services company based in New York City and listed on the Fortune 1000.
Joe Posnanski, nicknamed "Poz" and "Joe Po", is an American sports journalist. A former senior columnist for Sports Illustrated and columnist for The Kansas City Star, he currently writes for his personal blog JoeBlogs.
Robert Garfield is an American journalist and commentator, and the host of Bully Pulpit from Booksmart Studios. He is former co-host of On the Media from WNYC. He is also the host of The Genius Dialogues from Audible. Until 2010, he wrote the "Ad Review" TV-commercial criticism feature in Advertising Age. From 1986 to 1999, Garfield was a roving correspondent for All Things Considered and was a longtime advertising analyst for ABC News.
Gary Weiss is an American investigative journalist, columnist and author of books that examine the ethics of Wall Street. He was also a contributing editor for Condé Nast Portfolio. His Businessweek articles exposed organized crime on Wall Street and the Salomon Brothers bond trading scandal in the 1990s, and he covered the 2008 financial crisis and its aftermath. Weiss is co-founder of The Mideast Reporter.
Mohamed Aly El-Erian is an Egyptian-American economist and businessman. He is President of Queens' College, Cambridge, and chief economic adviser at Allianz, the corporate parent of PIMCO where he was CEO and co-chief investment officer (2007–14). He was chair of President Obama's Global Development Council (2012–17), and is a columnist for Bloomberg View, and a contributing editor to the Financial Times.
Louis Joseph Freeh is an American attorney and former judge who served as the fifth Director of the Federal Bureau of Investigation from September 1993 to June 2001.
Douglas Schoen is an American lawyer, political analyst, author, lobbyist, and commentator. In 1977, he co-founded the political consulting firm Penn, Schoen & Berland, and was hired by President Bill Clinton and Ukrainian steel oligarch Victor Pinchuk. From 2009-2021 he worked for Fox News, and since 2021 for Newsmax TV.
Jennifer Nicole Mascia is an American writer. She is the author of Never Tell Our Business to Strangers (2010) and a writer at Trace. Until June 10, 2014, she was a regular contributor to The Gun Report, a gun violence project spearheaded by the Op-Ed columnist Joe Nocera.
Clifford Scott Asness is an American hedge fund manager and the co-founder of AQR Capital Management. According to an April 2020 Forbes profile, Asness' estimated net worth was $2.6 billion.
All the Devils Are Here: The Hidden History of the Financial Crisis is a nonfiction book by authors Bethany McLean and Joe Nocera about the 2008 financial crisis. It details how the financial crisis bubbled up from a volatile, and bipartisan, mixture of government meddling and laissez-faire. It concludes that the episode was not an accident, and that banks understood the big picture before the crisis happened but continued with bad practices nevertheless.
Terrence Michael Pegula is an American billionaire businessman and petroleum engineer. He is the owner of the Buffalo Sabres of the National Hockey League (NHL) and, with his wife Kim Pegula, the Buffalo Bills of the National Football League (NFL). He is also the president of both franchises. Amassing his fortune via investments in fracking, Pegula has interests in natural gas development, real estate, entertainment, and professional sports. His net worth is over $7 billion.
The Penn State child sex abuse scandal concerned allegations and subsequent convictions of child sexual abuse committed by Jerry Sandusky, an assistant coach for the Penn State Nittany Lions football team, over a period of at least fifteen years. The scandal began to emerge publicly in March 2011 and broke in early November 2011 when Sandusky was indicted on 52 counts of child molestation, stemming from incidents that occurred between 1994 and 2009. Sandusky was ultimately convicted on 45 counts of child sexual abuse on June 22, 2012, and was sentenced to a minimum of 30 years and a maximum of 60 years in prison.
Steven J. Baum, P.C., was a law firm headquartered in Amherst, New York, United States. It was founded as Marvin R. Baum, P.C. in 1972, and remained under that name until Marvin Baum's death in 1999, after which his son Steven inherited the business and renamed it after himself. Its practice was primarily in real estate law, particularly in representing lenders and servicers in residential foreclosure actions in its later years.
Daniel Alpert is an American investment banker, adjunct professor at Cornell Law School, commentator, author, and bubble blowing expert who believes the Fed should cut rates and purchase MBS to fix a housing asset bubble. He is a co-creator of the United States Private Sector Job Quality Index, an economic metric that measures of higher wage versus lower wage private sector jobs, and the author of The Age of Oversupply: Confronting the Greatest Challenge to the Global Economy. Alpert is a founding partner of Westwood Capital LLC, an investment firm based in New York, and an adviser to the Coalition for a Prosperous America. Alpert is a member of the World Economic Roundtable.
Gregory S. Zuckerman is a special writer at The Wall Street Journal and a non-fiction author.
Anthony R. Chiasson is an American hedge fund manager and co-founder of Level Global Investors LP, a Greenwich, Connecticut-based hedge fund management firm. Level Global was launched in 2003 with about $500 million in assets under management, and grew to $4.2 billion in assets and 75 employees before closing in early 2011.
New York City has been called the media capital of the world. Many journalists work in Manhattan, reporting about international, American, business, entertainment, and New York metropolitan area-related matters.
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