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Marketplace Morning Report
Marketplace Morning Report
In less than 10 minutes, we’ll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace’s David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And
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Episodes
AI takes on the Paris Olympics
The opening ceremony of the Summer Olympics are slated to get underway today in Paris. And while artificial intelligence isn’t competing (yet), it is playing a role in scoring, crowd control and security, and even finding talent. Also on the show: Inflation inches closer toward the Federal Reserve’s target in June, and California’s Supreme Court deals a blow to efforts by gig workers to be classified as employees with certain benefits.
AI takes on the Paris Olympics
The opening ceremony of the Summer Olympics are slated to get underway today in Paris. And while artificial intelligence isn’t competing (yet), it is playing a role in scoring, crowd control and security, and even finding talent. Also on the show: Inflation inches closer toward the Federal Reserve’s target in June, and California’s Supreme Court deals a blow to efforts by gig workers to be classified as employees with certain benefits.
08:10
26 Jul 24
It’s not just what you know, it’s who you know — for kids, too
A new study from researchers at Harvard’s Opportunity Insights and the Census Bureau finds that children have a better chance at moving up the economic ladder if most of the adults they interact with are employed — not just in the household but beyond. We’ll delve in. Plus, the Biden White House still has lots on its economic plate before a new president comes to power in six months.
It’s not just what you know, it’s who you know — for kids, too
A new study from researchers at Harvard’s Opportunity Insights and the Census Bureau finds that children have a better chance at moving up the economic ladder if most of the adults they interact with are employed — not just in the household but beyond. We’ll delve in. Plus, the Biden White House still has lots on its economic plate before a new president comes to power in six months.
07:12
26 Jul 24
French trains hit by sabotage
From the BBC World Service: Just as the Olympics are getting underway in Paris, the French train network has been hit by arson attacks, causing major delays and disruption. The incident will put even more focus on security at the games, which is already extremely tight. Then, we’ll look at how AI is being used to help make athletes’ lives easier and scoring more accurate at this year’s Games.
French trains hit by sabotage
From the BBC World Service: Just as the Olympics are getting underway in Paris, the French train network has been hit by arson attacks, causing major delays and disruption. The incident will put even more focus on security at the games, which is already extremely tight. Then, we’ll look at how AI is being used to help make athletes’ lives easier and scoring more accurate at this year’s Games.
08:06
26 Jul 24
When you might be charged more based on your personal data
You’ve probably heard of dynamic pricing, like on ride-sharing apps. Now, the Federal Trade Commission is looking into surveillance pricing, which is when companies charge you a different price than someone else for the same product or service based on data they have on where you are and clues about your interests and lifestyle. We’ll unpack. Plus, GDP was higher than anticipated in the second quarter — but it wasn’t driven by consumers.
When you might be charged more based on your personal data
You’ve probably heard of dynamic pricing, like on ride-sharing apps. Now, the Federal Trade Commission is looking into surveillance pricing, which is when companies charge you a different price than someone else for the same product or service based on data they have on where you are and clues about your interests and lifestyle. We’ll unpack. Plus, GDP was higher than anticipated in the second quarter — but it wasn’t driven by consumers.
04:10
25 Jul 24
What goes up must come back down
Wall Street indexes are droopy this morning after a surge downward yesterday. The S&P 500 fell 2.3% and the Nasdaq had its deepest drop in two years. Some are calling it “rebalancing” as investors pull back from some of their tech darlings. And, as a follow-up to yesterday’s episode, we check in with Juan Carlos Cisneros Suarez, who has been waiting for a visa and has skills in computer programming or robotics.
What goes up must come back down
Wall Street indexes are droopy this morning after a surge downward yesterday. The S&P 500 fell 2.3% and the Nasdaq had its deepest drop in two years. Some are calling it “rebalancing” as investors pull back from some of their tech darlings. And, as a follow-up to yesterday’s episode, we check in with Juan Carlos Cisneros Suarez, who has been waiting for a visa and has skills in computer programming or robotics.
06:43
25 Jul 24
AI stocks lead tech slump
From the BBC World Service: The stock market sell-off is spreading from the U.S. to Asia and Europe. There have been declines across the board, but companies specializing in AI and semiconductor chips have been hit especially hard. Part of it has to do with expectations of additional trade restrictions from the U.S. on chip trade with China. Then, smaller brands are competing against fashion giants to deck out this year’s Olympic athletes.
AI stocks lead tech slump
From the BBC World Service: The stock market sell-off is spreading from the U.S. to Asia and Europe. There have been declines across the board, but companies specializing in AI and semiconductor chips have been hit especially hard. Part of it has to do with expectations of additional trade restrictions from the U.S. on chip trade with China. Then, smaller brands are competing against fashion giants to deck out this year’s Olympic athletes.
08:00
25 Jul 24
One airport, thousands of stranded passengers
“We started breaking down crying, because I didn’t think I would get out for my mother’s funeral.” “I’m about $10,000 out of pocket right now for just lodging, food and transportation.” These are just a few of the pained frustrations passengers at Atlanta’s airport, Delta’s primary hub, shared after flight delays and cancellations following the recent CrowdStrike outage. Also: sluggish home sales, the ban on noncompete agreements and politicization of the Federal Reserve.
One airport, thousands of stranded passengers
“We started breaking down crying, because I didn’t think I would get out for my mother’s funeral.” “I’m about $10,000 out of pocket right now for just lodging, food and transportation.” These are just a few of the pained frustrations passengers at Atlanta’s airport, Delta’s primary hub, shared after flight delays and cancellations following the recent CrowdStrike outage. Also: sluggish home sales, the ban on noncompete agreements and politicization of the Federal Reserve.
07:16
24 Jul 24
What pathways to work do immigrants without permanent legal status have?
Working for cash off the books is illegal. But there are routes to work for immigrants who don’t have permission to in the U.S. as an independent contractor or by establishing a Limited Liability Company, or LLC. Today, we’ll hear from one young man who’s seeking a visa that would allow him to work — but he’s looking to start an LLC in the meantime. But first: Tesla is losing ground overseas.
What pathways to work do immigrants without permanent legal status have?
Working for cash off the books is illegal. But there are routes to work for immigrants who don’t have permission to in the U.S. as an independent contractor or by establishing a Limited Liability Company, or LLC. Today, we’ll hear from one young man who’s seeking a visa that would allow him to work — but he’s looking to start an LLC in the meantime. But first: Tesla is losing ground overseas.
06:47
24 Jul 24
Talk of turbulence in aviation supply chains at British international airshow
From the BBC World Service: Some of the world’s biggest civilian and defense aviation businesses are gathered at this year’s Farnborough Airshow, a trade expo in the south of England. But with deals on the table, it’s clear that plane makers are struggling to keep up with demand. Also: a look at the the realities of Venezuela’s struggling economy as citizens head to the polls on Sunday.
Talk of turbulence in aviation supply chains at British international airshow
From the BBC World Service: Some of the world’s biggest civilian and defense aviation businesses are gathered at this year’s Farnborough Airshow, a trade expo in the south of England. But with deals on the table, it’s clear that plane makers are struggling to keep up with demand. Also: a look at the the realities of Venezuela’s struggling economy as citizens head to the polls on Sunday.
08:17
24 Jul 24
A candidate shake-up means shaking up campaign spending
Despite threats of legal challenges from the right, Vice President Kamala Harris’ camp appears poised to inherit around $100 million from what was the Biden-Harris campaign — and that’s after an additional $100 million was raised in the 24 hours after Sunday’s shake-up. So how will a new name at the top of the Democratic ticket change how campaign dollars are spent? Plus, little stocks are starting to get bigger attention.
A candidate shake-up means shaking up campaign spending
Despite threats of legal challenges from the right, Vice President Kamala Harris’ camp appears poised to inherit around $100 million from what was the Biden-Harris campaign — and that’s after an additional $100 million was raised in the 24 hours after Sunday’s shake-up. So how will a new name at the top of the Democratic ticket change how campaign dollars are spent? Plus, little stocks are starting to get bigger attention.
06:36
23 Jul 24
It’s day 5 of the great computer outage of 2024
The Crowsdstrike software update — which knocked out an estimated 8.5 million Windows computers and impacted airlines, government operations and 9-1-1 emergency calls, is continuing to wreak havoc, and outage costs are estimated to be several billion dollars. We’ll discuss the latest and hear what to do if you’re one of the many, many passengers who’s been affected. And later: Why is everyone talking about “The Magnificent Seven” tech stocks?
It’s day 5 of the great computer outage of 2024
The Crowsdstrike software update — which knocked out an estimated 8.5 million Windows computers and impacted airlines, government operations and 9-1-1 emergency calls, is continuing to wreak havoc, and outage costs are estimated to be several billion dollars. We’ll discuss the latest and hear what to do if you’re one of the many, many passengers who’s been affected. And later: Why is everyone talking about “The Magnificent Seven” tech stocks?
06:40
23 Jul 24
India announces high-spending budget
From the BBC World Service: In India’s recent election, Prime Minister Narendra Modi’s party won a third term but lost its ruling majority. Now, the coalition released its first budget, focusing on stability and boosting the economy. Then, the founder of South Korea’s popular KakaoTalk app has been arrested on allegations of manipulating stock prices. And there are growing calls to add an African country to the highly lucrative Formula One series of races.
India announces high-spending budget
From the BBC World Service: In India’s recent election, Prime Minister Narendra Modi’s party won a third term but lost its ruling majority. Now, the coalition released its first budget, focusing on stability and boosting the economy. Then, the founder of South Korea’s popular KakaoTalk app has been arrested on allegations of manipulating stock prices. And there are growing calls to add an African country to the highly lucrative Formula One series of races.
09:00
23 Jul 24
After the CrowdStrike outage and Biden’s big announcement, how’s the economy adjusting?
Economic markets take a beat to adjust to Biden’s announcement that he won’t seek re-election; what the entire cybersecurity industry can learn from Friday’s CrowdStrike outage; and a new law makes it easier to pull emergency cash from a retirement account.
After the CrowdStrike outage and Biden’s big announcement, how’s the economy adjusting?
Economic markets take a beat to adjust to Biden’s announcement that he won’t seek re-election; what the entire cybersecurity industry can learn from Friday’s CrowdStrike outage; and a new law makes it easier to pull emergency cash from a retirement account.
06:29
22 Jul 24
A look at Biden’s economic legacy
On the heels of the President’s announcement that he won’t seek re-election, assessing how history will remember the Biden economy. Plus, continued fallout from Friday’s CrowdStrike outage and global tech meltdown
A look at Biden’s economic legacy
On the heels of the President’s announcement that he won’t seek re-election, assessing how history will remember the Biden economy. Plus, continued fallout from Friday’s CrowdStrike outage and global tech meltdown
06:50
22 Jul 24
Investors react to Biden leaving the Presidential race
From the BBC World Service: After Joe Biden announced he’s dropping out of the presidential race, Kamala Harris has secured the backing of some of the Democrats’ biggest donors; so what are investors thinking? Students in Bangladesh continue their protests a day after the Supreme Court eliminated most of the government job quotas they were fighting against. In Spain, concerns about tourism’s impact on locals has sparked protests on the island of Mallorca, with hundreds of people taking to the streets.
Investors react to Biden leaving the Presidential race
From the BBC World Service: After Joe Biden announced he’s dropping out of the presidential race, Kamala Harris has secured the backing of some of the Democrats’ biggest donors; so what are investors thinking? Students in Bangladesh continue their protests a day after the Supreme Court eliminated most of the government job quotas they were fighting against. In Spain, concerns about tourism’s impact on locals has sparked protests on the island of Mallorca, with hundreds of people taking to the streets.
07:16
22 Jul 24
The economy gets a check-up
New data out this week on retail sales, shipping rates and more offer a snapshot of the economy’s overall health. Plus, the knock-on economic effects of tariffs, and Shanghai becomes a hyper-competitive hub for cafes.
The economy gets a check-up
New data out this week on retail sales, shipping rates and more offer a snapshot of the economy’s overall health. Plus, the knock-on economic effects of tariffs, and Shanghai becomes a hyper-competitive hub for cafes.
07:24
19 Jul 24
Fact checking economic promises from the RNC
Donald Trump promised sweeping changes to tax policy and interest rates, but would he really have the power to carry those out? Plus, why Silicon Valley billionaires are suddenly flocking to the GOP, and a widespread tech outage has disrupted businesses around the globe, including major airlines.
Fact checking economic promises from the RNC
Donald Trump promised sweeping changes to tax policy and interest rates, but would he really have the power to carry those out? Plus, why Silicon Valley billionaires are suddenly flocking to the GOP, and a widespread tech outage has disrupted businesses around the globe, including major airlines.
06:58
19 Jul 24
Huge IT outage affects global businesses
From the BBC World Service: A raft of businesses and organizations running Microsoft’s Windows apps have been affected by a major global IT outage. Students in Bangladesh are continuing their blockade of roads across the country, in protest of a quota system on government jobs. You may think of Rome or Paris when asked about the café capital of the world – but China’s financial capital is becoming a new contender. At least that’s what Shanghai’s local government claims.
Huge IT outage affects global businesses
From the BBC World Service: A raft of businesses and organizations running Microsoft’s Windows apps have been affected by a major global IT outage. Students in Bangladesh are continuing their blockade of roads across the country, in protest of a quota system on government jobs. You may think of Rome or Paris when asked about the café capital of the world – but China’s financial capital is becoming a new contender. At least that’s what Shanghai’s local government claims.
07:21
19 Jul 24
Caught in the middle of the U.S. and China
First, semiconductor manufacturer TSMC has seen a surge in sales, yet its stock took a hit yesterday. That followed news the U.S. might further curb exports to China and comments by former President Donald Trump that TSMC’s home base of Taiwan would need to start paying for its own defense. Then, as the U.S.-China economic relationship becomes more contentious, where does that leave Europe? We dig in. And later: why women’s health is so far behind the curve.
Caught in the middle of the U.S. and China
First, semiconductor manufacturer TSMC has seen a surge in sales, yet its stock took a hit yesterday. That followed news the U.S. might further curb exports to China and comments by former President Donald Trump that TSMC’s home base of Taiwan would need to start paying for its own defense. Then, as the U.S.-China economic relationship becomes more contentious, where does that leave Europe? We dig in. And later: why women’s health is so far behind the curve.
10:14
18 Jul 24
The GOP want to preserve Social Security with no cuts. Can it?
At the start of this week’s Republican National Convention, Republicans adopted a new platform that promises to preserve Social Security and Medicare with no cuts, while also pledging to cut taxes for working Americans. Can those two objectives be squared? We’ll also hear more about the economics of J.D. Vance and learn how Gaza’s farmers are faring amid war. Plus, from today’s “Marketplace Tech,” how can we limit the fallout from misinformation after political violence?
The GOP want to preserve Social Security with no cuts. Can it?
At the start of this week’s Republican National Convention, Republicans adopted a new platform that promises to preserve Social Security and Medicare with no cuts, while also pledging to cut taxes for working Americans. Can those two objectives be squared? We’ll also hear more about the economics of J.D. Vance and learn how Gaza’s farmers are faring amid war. Plus, from today’s “Marketplace Tech,” how can we limit the fallout from misinformation after political violence?
09:05
18 Jul 24
Chips dip on fears of further export controls
From the BBC World Service: Despite big profits for chipmakers, the prospect of further curbs on exports of semiconductor technology to China has prompted a major sell-off by investors. Plus, a court in South Korea has ruled same-sex couples should be eligible for the same health insurance benefits as their heterosexual counterparts. And we hear how conflict in Gaza is affecting those who earn a living from the land.
Chips dip on fears of further export controls
From the BBC World Service: Despite big profits for chipmakers, the prospect of further curbs on exports of semiconductor technology to China has prompted a major sell-off by investors. Plus, a court in South Korea has ruled same-sex couples should be eligible for the same health insurance benefits as their heterosexual counterparts. And we hear how conflict in Gaza is affecting those who earn a living from the land.
07:46
18 Jul 24
The Republican Party embraces crypto
The GOP wants to be clear that it’s pro-cryptocurrency. The official Republican platform adopted earlier this week says the party will “defend the right to mine bitcoin.” We’ll hear more about the intersection of digital assets and politics. Plus, dinners in Spain tend to start pretty darn late — after 9 p.m. on average. One reason is that the working day runs deep into the evening. But could things be changing?
The Republican Party embraces crypto
The GOP wants to be clear that it’s pro-cryptocurrency. The official Republican platform adopted earlier this week says the party will “defend the right to mine bitcoin.” We’ll hear more about the intersection of digital assets and politics. Plus, dinners in Spain tend to start pretty darn late — after 9 p.m. on average. One reason is that the working day runs deep into the evening. But could things be changing?
07:46
17 Jul 24
The benefits — and costs — of hosting a political convention
According to Milwaukee’s visitors bureau, hosting the Republican National Convention this week comes with $200 million in additional economic activity. But that figure doesn’t include business lost when locals try to avoid the crowds. Plus, stock prices wake up with a hangover. And later, it’s day 2 of Amazon Prime Day. Today, we check in on Amazon’s pledge to spend $1.2 billion to provide free job training to about 300,000 employees.
The benefits — and costs — of hosting a political convention
According to Milwaukee’s visitors bureau, hosting the Republican National Convention this week comes with $200 million in additional economic activity. But that figure doesn’t include business lost when locals try to avoid the crowds. Plus, stock prices wake up with a hangover. And later, it’s day 2 of Amazon Prime Day. Today, we check in on Amazon’s pledge to spend $1.2 billion to provide free job training to about 300,000 employees.
07:45
17 Jul 24
Amazon’s U.K. workers narrowly lose union vote
From the BBC World Service: Workers at an Amazon warehouse in the United Kingdom have failed to gain union recognition by the slimmest of margins. A majority of support was needed but just under 50% voted in favor. Then, in Bangladesh, thousands of students have been protesting over a lack of jobs. And in Spain, some are questioning the culture of working well into the evening.
Amazon’s U.K. workers narrowly lose union vote
From the BBC World Service: Workers at an Amazon warehouse in the United Kingdom have failed to gain union recognition by the slimmest of margins. A majority of support was needed but just under 50% voted in favor. Then, in Bangladesh, thousands of students have been protesting over a lack of jobs. And in Spain, some are questioning the culture of working well into the evening.
07:21
17 Jul 24
J.D. Vance and a “much more populist economic mindset”
If the Trump/Vance ticket emerges the winner in November, what might a Vice President J.D. Vance’s perspective on the government’s role in business and trade look like? Hint, Vance sees a big role for government. Then, Fed Chair Jerome Powell has given investors tantalizing hints on when rate cuts may occur. Plus, industrialized countries are getting older. What might immigration mean for economies as populations age?
J.D. Vance and a “much more populist economic mindset”
If the Trump/Vance ticket emerges the winner in November, what might a Vice President J.D. Vance’s perspective on the government’s role in business and trade look like? Hint, Vance sees a big role for government. Then, Fed Chair Jerome Powell has given investors tantalizing hints on when rate cuts may occur. Plus, industrialized countries are getting older. What might immigration mean for economies as populations age?
09:40
16 Jul 24
A look at J.D. Vance’s economic views
Yesterday, former President Donald Trump announced that Ohio Senator, author and venture capitalist J.D. Vance would be his running mate. But as a populist conservative, Vance’s economic views buck those of the traditional, Republican establishment. We’ll hear more. Also, we’ll hear about the Secret Service’s additional responsibilities besides protecting presidents and unpack how political turmoil and violence might affect the United States’ position in the global business community.
A look at J.D. Vance’s economic views
Yesterday, former President Donald Trump announced that Ohio Senator, author and venture capitalist J.D. Vance would be his running mate. But as a populist conservative, Vance’s economic views buck those of the traditional, Republican establishment. We’ll hear more. Also, we’ll hear about the Secret Service’s additional responsibilities besides protecting presidents and unpack how political turmoil and violence might affect the United States’ position in the global business community.
06:55
16 Jul 24
Czech billionaire says he can deliver on U.K. mail
From the BBC World Service: The United Kingdom’s 500-year-old postal service is up for sale. The Royal Mail, with its iconic red mailboxes, operates similarly to the United States Postal Service, but is publicly listed. Now, a $6.5 billion offer has been accepted from Daniel Křetínský, who explains why the nationally important company should be entrusted to him. Also: a look at the self-storage boom in Canada and beyond.
Czech billionaire says he can deliver on U.K. mail
From the BBC World Service: The United Kingdom’s 500-year-old postal service is up for sale. The Royal Mail, with its iconic red mailboxes, operates similarly to the United States Postal Service, but is publicly listed. Now, a $6.5 billion offer has been accepted from Daniel Křetínský, who explains why the nationally important company should be entrusted to him. Also: a look at the self-storage boom in Canada and beyond.
06:53
16 Jul 24
How can we civilly talk about politics in the workplace?
As people process news of the attempted assassination of former President Donald Trump, some of that processing may occur at work. And the workplace — like the rest of America — is a polarized place. Today, we’re joined by Johnny C. Taylor, Jr., president and CEO of the Society for Human Resource Management, to hear how managers can guide healthy conversations over differing political viewpoints. Plus: a pulse check on China’s economy.
How can we civilly talk about politics in the workplace?
As people process news of the attempted assassination of former President Donald Trump, some of that processing may occur at work. And the workplace — like the rest of America — is a polarized place. Today, we’re joined by Johnny C. Taylor, Jr., president and CEO of the Society for Human Resource Management, to hear how managers can guide healthy conversations over differing political viewpoints. Plus: a pulse check on China’s economy.
06:28
15 Jul 24
Market movements, political calculus and an assassination attempt
Stocks are set to open higher two days after the assassination attempt on former President Donald Trump. And this week, Republicans begin their convention in Milwaukee to formally nominate Trump as their presidential candidate. We’ll take a closer look at how investors are responding. Then, we’ll hear about reports of toxic metals in tampons and examine how World War I shaped labor participation for women.
Market movements, political calculus and an assassination attempt
Stocks are set to open higher two days after the assassination attempt on former President Donald Trump. And this week, Republicans begin their convention in Milwaukee to formally nominate Trump as their presidential candidate. We’ll take a closer look at how investors are responding. Then, we’ll hear about reports of toxic metals in tampons and examine how World War I shaped labor participation for women.
08:07
15 Jul 24
China’s economy stutters
From the BBC World Service: China’s leaders meet to talk about its economy as official figures show growth is slowing again, clocking the country’s economic growth rate at 4.7% over the second quarter. How might the government respond? And later in the program, music marketing is changing. We take a look at how music reviewers on TikTok are influencing the industry as a whole.
China’s economy stutters
From the BBC World Service: China’s leaders meet to talk about its economy as official figures show growth is slowing again, clocking the country’s economic growth rate at 4.7% over the second quarter. How might the government respond? And later in the program, music marketing is changing. We take a look at how music reviewers on TikTok are influencing the industry as a whole.
07:31
15 Jul 24
How you feel about the economy may depend on how you vote
Feelings about the economy have been sort of middling, with consumers optimistic about jobs but pessimistic about prices. But there’s another aspect of consumer surveys that doesn’t often get reported — sentiment can skew heavily partisan. Today: how consumers see the world through Republican or Democrat lenses. Plus, we’ll do the numbers on wholesale prices, hear about a Marathon Oil pollution settlement and learn about a downturn in TV and film production.
How you feel about the economy may depend on how you vote
Feelings about the economy have been sort of middling, with consumers optimistic about jobs but pessimistic about prices. But there’s another aspect of consumer surveys that doesn’t often get reported — sentiment can skew heavily partisan. Today: how consumers see the world through Republican or Democrat lenses. Plus, we’ll do the numbers on wholesale prices, hear about a Marathon Oil pollution settlement and learn about a downturn in TV and film production.
09:56
12 Jul 24
Australia’s migration policy and disability discrimination
Australia is sometimes called a “migration nation,” as a third of its population was born abroad. That said, people with disabilities are often not welcome. Many foreigners with disabilities or serious medical conditions are routinely denied an Australian visa. But there’s pressure for policy change. Also on the show: A three-judge panel has concluded that many U.S. college athletes are likely employees and may be protected under federal minimum wage laws.
Australia’s migration policy and disability discrimination
Australia is sometimes called a “migration nation,” as a third of its population was born abroad. That said, people with disabilities are often not welcome. Many foreigners with disabilities or serious medical conditions are routinely denied an Australian visa. But there’s pressure for policy change. Also on the show: A three-judge panel has concluded that many U.S. college athletes are likely employees and may be protected under federal minimum wage laws.
06:38
12 Jul 24
Colombia’s president wants cocaine legalized
From the BBC World Service: Colombia’s president says a lot of the country’s problems would be solved and the country’s armed conflict could end within a day if the United Nations declared cocaine legal across the world. We’ll discuss. Then, China is constructing twice as many solar and wind plants as the rest of the world combined, and many foreigners with disabilities in Australia are denied visas.
Colombia’s president wants cocaine legalized
From the BBC World Service: Colombia’s president says a lot of the country’s problems would be solved and the country’s armed conflict could end within a day if the United Nations declared cocaine legal across the world. We’ll discuss. Then, China is constructing twice as many solar and wind plants as the rest of the world combined, and many foreigners with disabilities in Australia are denied visas.
08:05
12 Jul 24
A useful investment strategy? Copy what members of Congress are doing
A Senate committee is set to hold a hearing later this month on a new bill that would ban stock trading by members of Congress and their families. The legislation was unveiled yesterday. Some lawmakers are outperforming the market — and that’s spurred copycat funds ordinary investors can jump into. But first, inflation this morning came in lower than expected. And later: why the FTC is taking a closer look at pharmacy benefit managers.
A useful investment strategy? Copy what members of Congress are doing
A Senate committee is set to hold a hearing later this month on a new bill that would ban stock trading by members of Congress and their families. The legislation was unveiled yesterday. Some lawmakers are outperforming the market — and that’s spurred copycat funds ordinary investors can jump into. But first, inflation this morning came in lower than expected. And later: why the FTC is taking a closer look at pharmacy benefit managers.
07:00
11 Jul 24
Rising incomes amid inflation frustrations
The closely-watched consumer price index is slated to be released later this morning. Despite agita over continued rising prices, incomes have continued to outpace inflation. But consumer sentiment and spending can be fickle things. We’ll hear more. Plus, does Citibank have a problem with its safety systems? Regulators seem to think so. Also: Be wary of that unsolicited job offer. If it seems too good to be true, it probably is.
Rising incomes amid inflation frustrations
The closely-watched consumer price index is slated to be released later this morning. Despite agita over continued rising prices, incomes have continued to outpace inflation. But consumer sentiment and spending can be fickle things. We’ll hear more. Plus, does Citibank have a problem with its safety systems? Regulators seem to think so. Also: Be wary of that unsolicited job offer. If it seems too good to be true, it probably is.
07:29
11 Jul 24
Brazil’s Indigenous people demand a halt to mining
From the BBC World Service: Indigenous leaders in Brazil are asking the United Nations to pressure President Luiz Inácio Lula da Silva to stop illegal mining on their Amazon lands. We’ll hear the latest. Then, a potential rival group may soon rival the Economic Community of West African States. And later, Greece imposes regulations to limit the areas on beaches that bars and restaurants can use after complaints by locals.
Brazil’s Indigenous people demand a halt to mining
From the BBC World Service: Indigenous leaders in Brazil are asking the United Nations to pressure President Luiz Inácio Lula da Silva to stop illegal mining on their Amazon lands. We’ll hear the latest. Then, a potential rival group may soon rival the Economic Community of West African States. And later, Greece imposes regulations to limit the areas on beaches that bars and restaurants can use after complaints by locals.
07:33
11 Jul 24
How to pay twice for car insurance
A major regional bank has agreed to resolve claims that it harmed thousands of customers by opening fake accounts, and charging for unnecessary insurance tied to car and truck loans. Fifth Third Bank will pay millions of dollars and is labeling these “legacy issues.” We’ll unpack. Then, we’ll also do some bond and stock markets Powell-parsing, and visit a Danish town where Novo Nordisk is racing to boost weight-loss drug production.
How to pay twice for car insurance
A major regional bank has agreed to resolve claims that it harmed thousands of customers by opening fake accounts, and charging for unnecessary insurance tied to car and truck loans. Fifth Third Bank will pay millions of dollars and is labeling these “legacy issues.” We’ll unpack. Then, we’ll also do some bond and stock markets Powell-parsing, and visit a Danish town where Novo Nordisk is racing to boost weight-loss drug production.
07:34
10 Jul 24
What are you willing to do to avoid layoffs?
Would you work weekends? Make a longer commute? Even take a pay cut? While unemployment isn’t high by historic standards, it is higher than it was last summer. A new survey outlines the sacrifices some workers are willing to make to avoid getting the axe. Plus, a new platform elevates Black country artists, and Fed Chair Jerome Powell hinted that the central bank may be getting closer to cutting rates.
What are you willing to do to avoid layoffs?
Would you work weekends? Make a longer commute? Even take a pay cut? While unemployment isn’t high by historic standards, it is higher than it was last summer. A new survey outlines the sacrifices some workers are willing to make to avoid getting the axe. Plus, a new platform elevates Black country artists, and Fed Chair Jerome Powell hinted that the central bank may be getting closer to cutting rates.
07:54
10 Jul 24
South Korean Samsung workers go on indefinite strike
From the BBC World Service: A union representing workers at South Korean technology giant Samsung Electronics has called on its 30,000 members to go on strike indefinitely as part of its campaign for better pay and benefits. Plus, NATO members are holding a three-day summit to mark the organization’s 75th birthday — and the focus is on Ukraine. Then, we visit the Danish town where Novo Nordisk, maker of weight-loss drug Ozempic, is based.
South Korean Samsung workers go on indefinite strike
From the BBC World Service: A union representing workers at South Korean technology giant Samsung Electronics has called on its 30,000 members to go on strike indefinitely as part of its campaign for better pay and benefits. Plus, NATO members are holding a three-day summit to mark the organization’s 75th birthday — and the focus is on Ukraine. Then, we visit the Danish town where Novo Nordisk, maker of weight-loss drug Ozempic, is based.
08:13
10 Jul 24
Sackler family may now face fresh Oxycontin lawsuits
After last month’s Supreme Court ruling, a judge weighs whether to allow lawsuits against Sackler family members. Plus, waiting on word from Jerome Powell and the Fed, and what happens when an online DNA test kicks up complicated history.
Sackler family may now face fresh Oxycontin lawsuits
After last month’s Supreme Court ruling, a judge weighs whether to allow lawsuits against Sackler family members. Plus, waiting on word from Jerome Powell and the Fed, and what happens when an online DNA test kicks up complicated history.
08:06
9 Jul 24
At NATO summit, nations weigh Ukraine spending
Military spending and aid for Ukraine are high on the agenda at this week’s NATO summit; Americans added more than $11 billion to consumer debt in May; and a practical look at newly-implemented guidelines from the Pregnant Workers Fairness Act.
At NATO summit, nations weigh Ukraine spending
Military spending and aid for Ukraine are high on the agenda at this week’s NATO summit; Americans added more than $11 billion to consumer debt in May; and a practical look at newly-implemented guidelines from the Pregnant Workers Fairness Act.
07:38
9 Jul 24
Modi meets Putin
From the BBC World Service: India’s prime minister, Narendra Modi, is in Russia to “deepen ties” between the two countries on Mr. Modi’s first trip to Russia since the beginning of its war Ukraine. China’s biggest electric carmaker — and Tesla’s big rival — BYD has reached a deal to build a $1 billion manufacturing plant in Turkey. And Sweden marks 50 years of paid parental leave for couples to share.
Modi meets Putin
From the BBC World Service: India’s prime minister, Narendra Modi, is in Russia to “deepen ties” between the two countries on Mr. Modi’s first trip to Russia since the beginning of its war Ukraine. China’s biggest electric carmaker — and Tesla’s big rival — BYD has reached a deal to build a $1 billion manufacturing plant in Turkey. And Sweden marks 50 years of paid parental leave for couples to share.
08:30
9 Jul 24
When a job opportunity is actually a scam
You may have gotten the unsolicited texts, LinkedIn messages or other offers from scammers posing as recruiters. The may even have a legitimate-looking listing on a job hiring site. You have a virtual interview, then the recruiter starts asking for personal information like your Social Security number to fill out “employment paperwork” — but actually they’re stealing your identity. Plus, examining the Sahm Rule and use of the U.S. dollar in Lebanon.
When a job opportunity is actually a scam
You may have gotten the unsolicited texts, LinkedIn messages or other offers from scammers posing as recruiters. The may even have a legitimate-looking listing on a job hiring site. You have a virtual interview, then the recruiter starts asking for personal information like your Social Security number to fill out “employment paperwork” — but actually they’re stealing your identity. Plus, examining the Sahm Rule and use of the U.S. dollar in Lebanon.
07:43
8 Jul 24
A powerful new player in Hollywood
Paramount Global, which owns Paramount Studios, CBS and more, has agreed to merge with Skydance Media, the source of some of Paramount’s biggest films. The deal will cost Skydance and its founder David Ellison $8 billion and would cement Ellison’s position as a Hollywood mogul. We’ll unpack. Plus, more Americans are traveling abroad thanks to a strong U.S. dollar. And there’s more people looking for work, but it’s taking them longer to find jobs.
A powerful new player in Hollywood
Paramount Global, which owns Paramount Studios, CBS and more, has agreed to merge with Skydance Media, the source of some of Paramount’s biggest films. The deal will cost Skydance and its founder David Ellison $8 billion and would cement Ellison’s position as a Hollywood mogul. We’ll unpack. Plus, more Americans are traveling abroad thanks to a strong U.S. dollar. And there’s more people looking for work, but it’s taking them longer to find jobs.
07:00
8 Jul 24
How France’s election shock could shake up its economy
From the BBC World Service: France is facing political gridlock after a left-wing alliance emerged as the surprise winner of France’s snap election. The coalition secured the most seats but no outright majority. Also on the program: Trust in Lebanon’s financial system is at an all-time low, after a banking collapse and hyperinflation. Plus, Samsung is experiencing its first-ever strike in South Korea the over pay and holidays.
How France’s election shock could shake up its economy
From the BBC World Service: France is facing political gridlock after a left-wing alliance emerged as the surprise winner of France’s snap election. The coalition secured the most seats but no outright majority. Also on the program: Trust in Lebanon’s financial system is at an all-time low, after a banking collapse and hyperinflation. Plus, Samsung is experiencing its first-ever strike in South Korea the over pay and holidays.
08:30
8 Jul 24
More signs of a cooling labor market
The U.S. economy added 206,000 jobs in June, according to the labor department. But job growth in previous months was revised down significantly. What can we make of this data? And what does it mean for next steps for the Federal Reserve? Workers also saw the slowest pace of wage growth in two years. And later: views on France’s election and economy from a farmers market in the French city of Lille.
More signs of a cooling labor market
The U.S. economy added 206,000 jobs in June, according to the labor department. But job growth in previous months was revised down significantly. What can we make of this data? And what does it mean for next steps for the Federal Reserve? Workers also saw the slowest pace of wage growth in two years. And later: views on France’s election and economy from a farmers market in the French city of Lille.
08:44
5 Jul 24
Not necessarily a “new dawn” for economic policy in the U.K.
While the Labour Party saw a historic win in Thursday’s general election in the U.K., the new prime minister, Sir Keir Starmer, is without a raft of money to implement sweeping reforms. So how will the new government differ economically from the one seen under Conservative rule? And later, it’s hard to prepare a meal with a newborn in your hands. That inspired one couple to open a restaurant in Atlanta.
Not necessarily a “new dawn” for economic policy in the U.K.
While the Labour Party saw a historic win in Thursday’s general election in the U.K., the new prime minister, Sir Keir Starmer, is without a raft of money to implement sweeping reforms. So how will the new government differ economically from the one seen under Conservative rule? And later, it’s hard to prepare a meal with a newborn in your hands. That inspired one couple to open a restaurant in Atlanta.
07:10
5 Jul 24
A landslide for Labour in the U.K. election
From the BBC World Service: The Labour Party, led by Sir Keir Starmer, won a sweeping victory in the U.K.’s general election held Thursday. We’ll hear from voters about what they hope for in the new government and interrogate just how much change the new administration can realistically deliver. Plus, French voters are also going to the polls on Sunday, and the cost of living is weighing heavy on voters’ minds.
A landslide for Labour in the U.K. election
From the BBC World Service: The Labour Party, led by Sir Keir Starmer, won a sweeping victory in the U.K.’s general election held Thursday. We’ll hear from voters about what they hope for in the new government and interrogate just how much change the new administration can realistically deliver. Plus, French voters are also going to the polls on Sunday, and the cost of living is weighing heavy on voters’ minds.
09:16
5 Jul 24
A conversation about reparations and discovering family histories
As part of our “Golden Promises” series, we’re exploring the battle over slavery reparations in California. Today, Marketplace special correspondent Lee Hawkins speaks with Lotte Lieb Dula, founder of Reparations 4 Slavery, about the discovery of her family’s connection to slavery and how she’s working to repair and make things right. Also on the show: Mexican President-elect Claudia Sheinbaum’s next steps on energy could make waves in the U.S., especially in Texas.
A conversation about reparations and discovering family histories
As part of our “Golden Promises” series, we’re exploring the battle over slavery reparations in California. Today, Marketplace special correspondent Lee Hawkins speaks with Lotte Lieb Dula, founder of Reparations 4 Slavery, about the discovery of her family’s connection to slavery and how she’s working to repair and make things right. Also on the show: Mexican President-elect Claudia Sheinbaum’s next steps on energy could make waves in the U.S., especially in Texas.
07:54
4 Jul 24
Is Social Security a drag on national debt? Depends on how you define “debt.”
The national debt is tremendous and growing. And as lawmakers talk about ways to address it, Social Security spending — which totals roughly $1.5 trillion a year — is often brought up as playing a big role. But by law, Social Security cannot contribute to the national deficit. Today, we’ll parse exactly how the Social Security Administration invests money and pays out. Then, heat insurance in India has helped thousands of female workers.
Is Social Security a drag on national debt? Depends on how you define “debt.”
The national debt is tremendous and growing. And as lawmakers talk about ways to address it, Social Security spending — which totals roughly $1.5 trillion a year — is often brought up as playing a big role. But by law, Social Security cannot contribute to the national deficit. Today, we’ll parse exactly how the Social Security Administration invests money and pays out. Then, heat insurance in India has helped thousands of female workers.
07:06
4 Jul 24
Jamaica hit by Hurricane Beryl
From the BBC World Service: Hurricane Beryl has hit Jamaica after leaving an “Armageddon-like” trail in Grenada, but the Jamaican prime minster says the worst is yet to come. We’ll hear more. Then, in India, women in the western state of Gujarat are being offered compensation that allows them to stay home during periods of extremely hot weather. And Japan’s digital minister has declared victory in his war against floppy disks.
Jamaica hit by Hurricane Beryl
From the BBC World Service: Hurricane Beryl has hit Jamaica after leaving an “Armageddon-like” trail in Grenada, but the Jamaican prime minster says the worst is yet to come. We’ll hear more. Then, in India, women in the western state of Gujarat are being offered compensation that allows them to stay home during periods of extremely hot weather. And Japan’s digital minister has declared victory in his war against floppy disks.
07:11
4 Jul 24
Tractor Supply Company and America’s culture wars
Tractor Supply Company — a farm, lawn and home improvement chain mainly in rural areas — recently announced it would abandon most of its diversity and climate advocacy goals. Now, the head of the National Black Farmers Association is calling for the resignation of Tractor Supply’s CEO. But first, we’ll unpack how markets are responding to “the Trump trade.” And later: job cuts at John Deere, the first Esports World Cup and traction for indie game studios.
Tractor Supply Company and America’s culture wars
Tractor Supply Company — a farm, lawn and home improvement chain mainly in rural areas — recently announced it would abandon most of its diversity and climate advocacy goals. Now, the head of the National Black Farmers Association is calling for the resignation of Tractor Supply’s CEO. But first, we’ll unpack how markets are responding to “the Trump trade.” And later: job cuts at John Deere, the first Esports World Cup and traction for indie game studios.
08:51
3 Jul 24
An AI boom means surging emissions
Artificial intelligence requires an enormous amount of electricity. Google, with AI now added, says it increased its carbon emissions last year, despite a pledge to reach net-zero by 2030. So what are Google and other companies doing to address efficiency issues? We’ll discuss. Then, tomorrow is the United Kingdom’s general election, and the harsh realities of economic stagnation are on the minds of many voters there.
An AI boom means surging emissions
Artificial intelligence requires an enormous amount of electricity. Google, with AI now added, says it increased its carbon emissions last year, despite a pledge to reach net-zero by 2030. So what are Google and other companies doing to address efficiency issues? We’ll discuss. Then, tomorrow is the United Kingdom’s general election, and the harsh realities of economic stagnation are on the minds of many voters there.
08:43
3 Jul 24
It’s the last day of campaigning in the U.K. election
From the BBC World Service: The United Kingdom goes to the polls in the general election tomorrow — and polling suggests the economy is the No. 1 issue with voters. We hear the key economic anxieties voters are voicing. Then, the Esports World Cup kicks off today in Saudi Arabia, and there are calls in China for greater restrictions on the sale of hyper-realistic silicone face masks.
It’s the last day of campaigning in the U.K. election
From the BBC World Service: The United Kingdom goes to the polls in the general election tomorrow — and polling suggests the economy is the No. 1 issue with voters. We hear the key economic anxieties voters are voicing. Then, the Esports World Cup kicks off today in Saudi Arabia, and there are calls in China for greater restrictions on the sale of hyper-realistic silicone face masks.
07:51
3 Jul 24
Labor Department to propose first-ever heat protections for worker
More than 60 million Americans are facing a potentially record-breaking heat wave across the South and Western U.S. this week. Still, people will be showing up to work on farms, construction sites and other workplaces where extreme heat exposure is a threat. Now, the Labor Department is proposing new safety standards. Also: a conversation with James LeBrecht, co-director of the film “Crip Camp” about accessibility in the film industry.
Labor Department to propose first-ever heat protections for worker
More than 60 million Americans are facing a potentially record-breaking heat wave across the South and Western U.S. this week. Still, people will be showing up to work on farms, construction sites and other workplaces where extreme heat exposure is a threat. Now, the Labor Department is proposing new safety standards. Also: a conversation with James LeBrecht, co-director of the film “Crip Camp” about accessibility in the film industry.
08:04
2 Jul 24
There’s a new economic indicator in town. And it’s powered by AI.
Standard economic indicators like the unemployment and inflation rates are backward-looking. Now, a new tool, the Zeta Economic Indicator, analyzes the economy in real time and utilizes artificial intelligence. We’ll hear more. Plus, regulators in France are set to level antitrust charges against chipmaker Nvidia, and the EU says a Meta subscription service violates Europe’s Digital Markets Act. Then, is paying farmers to conserve Colorado River water worth the cost?
There’s a new economic indicator in town. And it’s powered by AI.
Standard economic indicators like the unemployment and inflation rates are backward-looking. Now, a new tool, the Zeta Economic Indicator, analyzes the economy in real time and utilizes artificial intelligence. We’ll hear more. Plus, regulators in France are set to level antitrust charges against chipmaker Nvidia, and the EU says a Meta subscription service violates Europe’s Digital Markets Act. Then, is paying farmers to conserve Colorado River water worth the cost?
08:30
2 Jul 24
Will Sri Lanka debt deal solve its economic woes?
From the BBC World Service: Sri Lanka’s President Ranil Wickremesinghe is presenting lawmakers with a deal made by creditors after the country’s 2022 financial crisis, but the government is facing criticism over the agreement. Also: Samsung workers in South Korea are planning a strike. Then, David Ricks, CEO of Eli Lilly — the maker of popular weight-loss drugs Mounjaro and Zepbound — says more needs to be done on global drug counterfeiting.
Will Sri Lanka debt deal solve its economic woes?
From the BBC World Service: Sri Lanka’s President Ranil Wickremesinghe is presenting lawmakers with a deal made by creditors after the country’s 2022 financial crisis, but the government is facing criticism over the agreement. Also: Samsung workers in South Korea are planning a strike. Then, David Ricks, CEO of Eli Lilly — the maker of popular weight-loss drugs Mounjaro and Zepbound — says more needs to be done on global drug counterfeiting.
10:35
2 Jul 24
Markets, economics and elections outside the United States
This morning, we’re talking economics and global politics. First, the far-right saw major wins in the first round of France’s elections. Then, high housing costs are weighing on the minds of voters in the United Kingdom, who head to the polls on Thursday. Plus, there are reports that Boeing will be offered a Justice Department arrangement that would allow the company to avoid a trial in connection with two 737 MAX crashes.
Markets, economics and elections outside the United States
This morning, we’re talking economics and global politics. First, the far-right saw major wins in the first round of France’s elections. Then, high housing costs are weighing on the minds of voters in the United Kingdom, who head to the polls on Thursday. Plus, there are reports that Boeing will be offered a Justice Department arrangement that would allow the company to avoid a trial in connection with two 737 MAX crashes.
07:06
1 Jul 24
Is online content moderation a form of free speech?
Or does it hinder free speech? That’s the thorny issue the Supreme Court is expected to decide in just a few hours, as it releases its final rulings in what’s been another highly consequential term. We’ll hear more on a case challenging how social media companies deal with content on their platforms. Plus, a look at Major League Soccer’s surging popularity and how the Dawes Act cratered Indigenous wealth.
Is online content moderation a form of free speech?
Or does it hinder free speech? That’s the thorny issue the Supreme Court is expected to decide in just a few hours, as it releases its final rulings in what’s been another highly consequential term. We’ll hear more on a case challenging how social media companies deal with content on their platforms. Plus, a look at Major League Soccer’s surging popularity and how the Dawes Act cratered Indigenous wealth.
07:00
1 Jul 24
The far-right wins big in France’s elections
From the BBC World Service: Marine Le Pen’s far-right National Rally party has pulled off a victory in the first round of elections in France and could turn French politics on its head. Then, with only three days to go before the United Kingdom’s general election, one of the big issues is housing costs. But are any of the political parties’ pledges giving people hope that they can solve Britain’s housing crunch?
The far-right wins big in France’s elections
From the BBC World Service: Marine Le Pen’s far-right National Rally party has pulled off a victory in the first round of elections in France and could turn French politics on its head. Then, with only three days to go before the United Kingdom’s general election, one of the big issues is housing costs. But are any of the political parties’ pledges giving people hope that they can solve Britain’s housing crunch?
06:54
1 Jul 24
Politics and “a tale of different economies”
Last night, President Joe Biden and former President Donald Trump sparred off. Today, we’ll recap some of economic issues spotlighted in the presidential debate. Inflation was one of the hot topics, and the latest release of the Federal Reserve’s preferred measure of inflation shows inflation cooling — but how you experience rising prices can be splintered along partisan lines. We discuss. Also, Amazon plans on launching a “discount” section with goods shipped direct from China.
Politics and “a tale of different economies”
Last night, President Joe Biden and former President Donald Trump sparred off. Today, we’ll recap some of economic issues spotlighted in the presidential debate. Inflation was one of the hot topics, and the latest release of the Federal Reserve’s preferred measure of inflation shows inflation cooling — but how you experience rising prices can be splintered along partisan lines. We discuss. Also, Amazon plans on launching a “discount” section with goods shipped direct from China.
07:38
28 Jun 24
Market movements and uncertainty in American politics
A rule of thumb is that market players don’t like uncertainty. The question this morning is whether there’s more or less of it in the wake of President Joe Biden’s rough showing against former President Donald Trump during last night’s debate. We’ll track how the debate is affecting the movement of money. Plus, Social Security cuts are inevitable by 2035 unless lawmakers act. Can a similar crunch from the ’80s offer guidance?
Market movements and uncertainty in American politics
A rule of thumb is that market players don’t like uncertainty. The question this morning is whether there’s more or less of it in the wake of President Joe Biden’s rough showing against former President Donald Trump during last night’s debate. We’ll track how the debate is affecting the movement of money. Plus, Social Security cuts are inevitable by 2035 unless lawmakers act. Can a similar crunch from the ’80s offer guidance?
07:05
28 Jun 24
Funding for Ukraine up for debate again
From the BBC World Service: Ukraine’s President Volodymyr Zelenskyy has signed a security pact with the European Union during a visit to Brussels. We’ll delve in. Then, following weeks of protests in Argentina over proposed austerity reforms, the country’s parliament has approved controversial measures put forward by President Javier Millei. And later, prolonged heatwaves in India have boosted sales of air conditioning units.
Funding for Ukraine up for debate again
From the BBC World Service: Ukraine’s President Volodymyr Zelenskyy has signed a security pact with the European Union during a visit to Brussels. We’ll delve in. Then, following weeks of protests in Argentina over proposed austerity reforms, the country’s parliament has approved controversial measures put forward by President Javier Millei. And later, prolonged heatwaves in India have boosted sales of air conditioning units.
07:47
28 Jun 24
Are new stadiums a good use of taxpayer dollars?
As cities look to grow and innovate in the recovery from the pandemic, some are pushing for new sports stadiums. The idea is that fresh ballparks attract visitors and create jobs, but these projects are almost always funded by public dollars. We’ll do the numbers on the investment and payoff. Also on the show: A ransomware attack could put a sizable dent in auto sales this month, and marketing around Pride is down this year.
Are new stadiums a good use of taxpayer dollars?
As cities look to grow and innovate in the recovery from the pandemic, some are pushing for new sports stadiums. The idea is that fresh ballparks attract visitors and create jobs, but these projects are almost always funded by public dollars. We’ll do the numbers on the investment and payoff. Also on the show: A ransomware attack could put a sizable dent in auto sales this month, and marketing around Pride is down this year.
09:07
27 Jun 24
When a politician is paid out matters, Supreme Court says
In a 6-3 ruling, Supreme Court justices have narrowed the scope of federal corruption law, as it pertains to state and local officials. Justices ruled that a former mayor in Indiana did not commit a crime when he took $13,000 as a purported consulting fee after — not before — awarding city contracts to a trucking company. We’ll also have an honest conversation about Social Security funding. Plus, is Nike a dinosaur brand?
When a politician is paid out matters, Supreme Court says
In a 6-3 ruling, Supreme Court justices have narrowed the scope of federal corruption law, as it pertains to state and local officials. Justices ruled that a former mayor in Indiana did not commit a crime when he took $13,000 as a purported consulting fee after — not before — awarding city contracts to a trucking company. We’ll also have an honest conversation about Social Security funding. Plus, is Nike a dinosaur brand?
07:26
27 Jun 24
Japanese Yen hits new low
From the BBC World Service: The Japanese Yen has fallen to its weakest level against the U.S. dollar for nearly 40 years. It’s causing jitters in the markets, and analysts warn about potential government intervention. Then, protests are continuing in Kenya over the unpopular new finance bill. And as Barcelona becomes the latest city to crack down on short-term rentals, we hear from an unhappy property owner.
Japanese Yen hits new low
From the BBC World Service: The Japanese Yen has fallen to its weakest level against the U.S. dollar for nearly 40 years. It’s causing jitters in the markets, and analysts warn about potential government intervention. Then, protests are continuing in Kenya over the unpopular new finance bill. And as Barcelona becomes the latest city to crack down on short-term rentals, we hear from an unhappy property owner.
07:30
27 Jun 24
A Goliath vs. Goliath story 20 years in the making
A federal judge has rejected an antitrust settlement that would have lowered the fees Visa and Mastercard charge every time you use your credit card to pay for a purchase. The judge ruled the settlement did not go far enough, agreeing with retailers who want to chip away at the power held by credit card companies. We’ll hear more. Then, hundreds of thousands of home sitting empty in Japanese cities. Expatriates are noticing.
A Goliath vs. Goliath story 20 years in the making
A federal judge has rejected an antitrust settlement that would have lowered the fees Visa and Mastercard charge every time you use your credit card to pay for a purchase. The judge ruled the settlement did not go far enough, agreeing with retailers who want to chip away at the power held by credit card companies. We’ll hear more. Then, hundreds of thousands of home sitting empty in Japanese cities. Expatriates are noticing.
07:29
26 Jun 24
What do you get when you cross a VW with a Rivian electric?
Volkswagen says it’s putting $5 billion into U.S. electric truck company Rivian. The cash infusion comes at a crucial time for Rivian, as it watches other EV startups go under. But VW also needs something out of this. We unpack. Plus, why it’s so difficult to maintain America’s aging bridge infrastructure and how the market for online comics is doing as Webtoon Entertainment looks to go public.
What do you get when you cross a VW with a Rivian electric?
Volkswagen says it’s putting $5 billion into U.S. electric truck company Rivian. The cash infusion comes at a crucial time for Rivian, as it watches other EV startups go under. But VW also needs something out of this. We unpack. Plus, why it’s so difficult to maintain America’s aging bridge infrastructure and how the market for online comics is doing as Webtoon Entertainment looks to go public.
08:34
26 Jun 24
Kenya anti-tax protests turn violent
From the BBC World Service: At least 13 people have been killed and many more injured after police fired into crowds protesting Kenya’s controversial finance bill in Nairobi. An angry crowd stormed the parliament before setting parts of it on fire. Protests have taken place for several days. How did Kenya get here? Also: a look at the expats buying and renovating some of the 9 million empty homes in Japan.
Kenya anti-tax protests turn violent
From the BBC World Service: At least 13 people have been killed and many more injured after police fired into crowds protesting Kenya’s controversial finance bill in Nairobi. An angry crowd stormed the parliament before setting parts of it on fire. Protests have taken place for several days. How did Kenya get here? Also: a look at the expats buying and renovating some of the 9 million empty homes in Japan.
08:37
26 Jun 24
The latest snag in the attempt to ease student loans
Parts of President Joe Biden’s student loan repayment plan — which widens eligibility for income-based loan repayment — are on hold after federal judges in Kansas and Missouri issued rulings yesterday in lawsuits brought by a group of Republican attorneys general. We dig in. We also delve into stock market volatility and the future of the cruise industry. And later: a look at how reality TV came to be.
The latest snag in the attempt to ease student loans
Parts of President Joe Biden’s student loan repayment plan — which widens eligibility for income-based loan repayment — are on hold after federal judges in Kansas and Missouri issued rulings yesterday in lawsuits brought by a group of Republican attorneys general. We dig in. We also delve into stock market volatility and the future of the cruise industry. And later: a look at how reality TV came to be.
09:11
25 Jun 24
The economics — and moral complications — of reality TV
When it comes to reality TV, don’t give too much credit to the “reality” part. Yet despite its heavy editing and construction, reality TV has sometimes shaped the wider culture. In this episode, we talk about the economic calculus that led to a genre so many people love to watch, love to hate or both. But first: Nvidia shares enter correction territory.
The economics — and moral complications — of reality TV
When it comes to reality TV, don’t give too much credit to the “reality” part. Yet despite its heavy editing and construction, reality TV has sometimes shaped the wider culture. In this episode, we talk about the economic calculus that led to a genre so many people love to watch, love to hate or both. But first: Nvidia shares enter correction territory.
07:52
25 Jun 24
Sudan’s food economy is in a dire situation
From the BBC World Service: After 14 months of a civil war, a severe humanitarian and economic crisis is unfolding in Sudan. Grain shipments from Ukraine have ceased, humanitarian aid faces significant blockades and the country faces the largest displacement of children worldwide. We’ll hear more about the conflict and its impact. We’ll also learn more about the role of tax policy in the upcoming U.K. election and a land dispute involving Catholic nuns in Spain.
Sudan’s food economy is in a dire situation
From the BBC World Service: After 14 months of a civil war, a severe humanitarian and economic crisis is unfolding in Sudan. Grain shipments from Ukraine have ceased, humanitarian aid faces significant blockades and the country faces the largest displacement of children worldwide. We’ll hear more about the conflict and its impact. We’ll also learn more about the role of tax policy in the upcoming U.K. election and a land dispute involving Catholic nuns in Spain.
08:08
25 Jun 24
The case for wage insurance
Job creation has been robust coming out of the worst of COVID, yet threats to workers remain: international competition, the Green Transition, artificial intelligence. How can workers respond? Today, we explore wage insurance as an option that could help. Also: What’s behind this election year stock rally? But first, Apple’s App Store has run afoul of European regulators. We’ll unpack.
The case for wage insurance
Job creation has been robust coming out of the worst of COVID, yet threats to workers remain: international competition, the Green Transition, artificial intelligence. How can workers respond? Today, we explore wage insurance as an option that could help. Also: What’s behind this election year stock rally? But first, Apple’s App Store has run afoul of European regulators. We’ll unpack.
07:50
24 Jun 24
What the FAFSA misses
The deadline for students and parents to get their federal financial aid form into colleges and universities is this Sunday. With all that data you input on income and savings, there’s still something big missing: overall household wealth. Some education policy researchers say the financial aid system should be taking a closer look at big assets, like homes. Also: Federal prosecutors are recommending criminal charges against Boeing, and visas for nurses are running out again.
What the FAFSA misses
The deadline for students and parents to get their federal financial aid form into colleges and universities is this Sunday. With all that data you input on income and savings, there’s still something big missing: overall household wealth. Some education policy researchers say the financial aid system should be taking a closer look at big assets, like homes. Also: Federal prosecutors are recommending criminal charges against Boeing, and visas for nurses are running out again.
08:03
24 Jun 24
The EU takes a bite out of Apple’s App Store
From the BBC World Service: Brussels has accused Apple of violating EU competition rules with its App Store. It’s the first time EU regulators have enforced the new Digital Markets Act against a major tech firm. Then, Indian students are furious following the last-minute cancellation of a crucial entrance test for post-graduate medical courses. And rental scams are on the rise in the U.K., with some criminals targeting illegal cannabis farms.
The EU takes a bite out of Apple’s App Store
From the BBC World Service: Brussels has accused Apple of violating EU competition rules with its App Store. It’s the first time EU regulators have enforced the new Digital Markets Act against a major tech firm. Then, Indian students are furious following the last-minute cancellation of a crucial entrance test for post-graduate medical courses. And rental scams are on the rise in the U.K., with some criminals targeting illegal cannabis farms.
08:24
24 Jun 24
The Supreme Court, tribes and online gambling
In a flurry of recent U.S. Supreme Court decisions, the Justices’ lack of action on one case is a major victory for the tribal gaming industry. The court left in place an agreement between the Seminole Tribe of Florida and the state of Florida, and left the door open for tribal nations to expand into online gaming. We’ll delve into the impact. And we’ll also examine how immigration policy has shaped the U.S. economy.
The Supreme Court, tribes and online gambling
In a flurry of recent U.S. Supreme Court decisions, the Justices’ lack of action on one case is a major victory for the tribal gaming industry. The court left in place an agreement between the Seminole Tribe of Florida and the state of Florida, and left the door open for tribal nations to expand into online gaming. We’ll delve into the impact. And we’ll also examine how immigration policy has shaped the U.S. economy.
07:59
21 Jun 24
The latest on that potential TikTok ban
TikTok’s Chinese parent company, ByteDance, has six months to divest or the U.S. plans to ban the app for national security reasons. But in a new court filing, ByteDance calls the U.S. government’s demands unconstitutional and says government officials have refused to seriously negotiate for two years. Also, AI comes for banking jobs. And later, what if your deepfake was circulating halfway across the world in China?
The latest on that potential TikTok ban
TikTok’s Chinese parent company, ByteDance, has six months to divest or the U.S. plans to ban the app for national security reasons. But in a new court filing, ByteDance calls the U.S. government’s demands unconstitutional and says government officials have refused to seriously negotiate for two years. Also, AI comes for banking jobs. And later, what if your deepfake was circulating halfway across the world in China?
08:07
21 Jun 24
Kenyans push back against new taxes
From the BBC World Service: Kenya’s government has been forced to drop some of its plans for new taxes, but widespread protests are continuing over its controversial finance bill. We’ll hear about the government’s intent behind the proposed new taxes, as well as which policies have now been scrapped. Also, what does a British court judgement on the climate impact of oil projects mean for future developments?
Kenyans push back against new taxes
From the BBC World Service: Kenya’s government has been forced to drop some of its plans for new taxes, but widespread protests are continuing over its controversial finance bill. We’ll hear about the government’s intent behind the proposed new taxes, as well as which policies have now been scrapped. Also, what does a British court judgement on the climate impact of oil projects mean for future developments?
06:53
21 Jun 24
The extra long lag of the Fed’s interest rate hikes
In the U.S., the Federal Reserve has decided to keep rates elevated for a year now. The Fed’s goal is to hit a 2% inflation target, but that last mile has been difficult. And part of it has to do with how we are able to lock in debt at times of lower rates in the U.S. We’ll discuss. We’ll also hear about RV sales, then the Europe and China’s tit-for-tat trade battle.
The extra long lag of the Fed’s interest rate hikes
In the U.S., the Federal Reserve has decided to keep rates elevated for a year now. The Fed’s goal is to hit a 2% inflation target, but that last mile has been difficult. And part of it has to do with how we are able to lock in debt at times of lower rates in the U.S. We’ll discuss. We’ll also hear about RV sales, then the Europe and China’s tit-for-tat trade battle.
07:11
20 Jun 24
When each state has “its own unique cannabis industry”
Cannabis is now legal — for medical or recreational use — in 38 states, plus D.C. But marijuana remains illegal at the federal level, meaning there are stringent rules governing the transportation of cannabis. That can leave some parts of the industry stranded, sometimes on literal islands. Today, we travel to Martha’s Vineyard to hear how those hurdles have impacted one dispensary. Plus, a look at fossil fuel use and the effort to reopen a criminal case against Boeing.
When each state has “its own unique cannabis industry”
Cannabis is now legal — for medical or recreational use — in 38 states, plus D.C. But marijuana remains illegal at the federal level, meaning there are stringent rules governing the transportation of cannabis. That can leave some parts of the industry stranded, sometimes on literal islands. Today, we travel to Martha’s Vineyard to hear how those hurdles have impacted one dispensary. Plus, a look at fossil fuel use and the effort to reopen a criminal case against Boeing.
07:35
20 Jun 24
China goes tit for tat on tariffs
From the BBC World Service: Chinese carmakers are urging Beijing to slap import taxes of up to 25% on some European cars, following the European Union’s confirmation that it will place tariffs of up to 38% on electric vehicle imports from China. Then, global fossil fuel use and carbon emissions hit record highs last year, despite growing energy production from wind and solar. And charities are worried about the impact of some G7 governments’ slashing foreign aid budgets.
China goes tit for tat on tariffs
From the BBC World Service: Chinese carmakers are urging Beijing to slap import taxes of up to 25% on some European cars, following the European Union’s confirmation that it will place tariffs of up to 38% on electric vehicle imports from China. Then, global fossil fuel use and carbon emissions hit record highs last year, despite growing energy production from wind and solar. And charities are worried about the impact of some G7 governments’ slashing foreign aid budgets.
09:00
20 Jun 24
Support has waned for the Buy Black Movement
One effort in trying to narrow the racial wealth gap is by supporting Black-owned businesses. That effort grew in 2020 amid racial justice protests after the murder of George Floyd, but where do things stand now? We check in. Plus, Brooklyn’s Long Time Tattoo is a queer Asian American Pacific Islander run tattoo collective that’s helping create an inclusive space for clients, other tattoo artists and the wider community.
Support has waned for the Buy Black Movement
One effort in trying to narrow the racial wealth gap is by supporting Black-owned businesses. That effort grew in 2020 amid racial justice protests after the murder of George Floyd, but where do things stand now? We check in. Plus, Brooklyn’s Long Time Tattoo is a queer Asian American Pacific Islander run tattoo collective that’s helping create an inclusive space for clients, other tattoo artists and the wider community.
07:19
19 Jun 24
Black entrepreneurship and closing the racial wealth gap
Part of the of the racial wealth gap is a gap in business ownership. Today, we’re joined by Kezia Williams, CEO of the Black upStart, a national initiative and curriculum for Black entrepreneurs, for a conversation about some of the hurdles Black business owners face and efforts to close the gap. Also on the program: A new study finds that expanding early childhood education could be well worth the investment.
Black entrepreneurship and closing the racial wealth gap
Part of the of the racial wealth gap is a gap in business ownership. Today, we’re joined by Kezia Williams, CEO of the Black upStart, a national initiative and curriculum for Black entrepreneurs, for a conversation about some of the hurdles Black business owners face and efforts to close the gap. Also on the program: A new study finds that expanding early childhood education could be well worth the investment.
08:19
19 Jun 24
Amazon U.K. staff vote on union representation
From the BBC World Service: Amazon could be forced to recognize a trade union for the first time in the United Kingdom, as staff at its warehouse in Coventry, England, begin consulting with the GMB general trade union union ahead of a July vote. Also: An Afrobeats track has become the first of the genre to break one billion streams. We’ll explore the genre’s rapid growth.
Amazon U.K. staff vote on union representation
From the BBC World Service: Amazon could be forced to recognize a trade union for the first time in the United Kingdom, as staff at its warehouse in Coventry, England, begin consulting with the GMB general trade union union ahead of a July vote. Also: An Afrobeats track has become the first of the genre to break one billion streams. We’ll explore the genre’s rapid growth.
07:48
19 Jun 24
Another bad day for Boeing
Yet another Boeing whistleblower is set to testify at a Senate hearing this afternoon, citing a failure to properly track defective parts in the company’s factories. Plus, the tragedy of errors and shortcuts that led to last year’s Titan submersible implosion.
Another bad day for Boeing
Yet another Boeing whistleblower is set to testify at a Senate hearing this afternoon, citing a failure to properly track defective parts in the company’s factories. Plus, the tragedy of errors and shortcuts that led to last year’s Titan submersible implosion.
08:21
18 Jun 24
Closing a $50 billion tax loophole for the wealthy
The Treasury and IRS announced a new initiative Monday to close a tax loophole for wealthy people that could raise more than $50 billion in revenue over the next decade. Plus, the evolving economics of “gayborhoods” in U.S. cities.
Closing a $50 billion tax loophole for the wealthy
The Treasury and IRS announced a new initiative Monday to close a tax loophole for wealthy people that could raise more than $50 billion in revenue over the next decade. Plus, the evolving economics of “gayborhoods” in U.S. cities.
06:34
18 Jun 24
Putin heads to Pyongyang
From the BBC World Service: Russia’s Vladimir Putin is visiting North Korea and its leader Kim Jong Un for the first time in 24 years, as the pair look to deepen their relationship in the face of international isolation. And: Wildfires forced tens of thousands of people to evacuate the Greek island of Rhodes last year – now there’s a focus on how to make tourism more sustainable.
Putin heads to Pyongyang
From the BBC World Service: Russia’s Vladimir Putin is visiting North Korea and its leader Kim Jong Un for the first time in 24 years, as the pair look to deepen their relationship in the face of international isolation. And: Wildfires forced tens of thousands of people to evacuate the Greek island of Rhodes last year – now there’s a focus on how to make tourism more sustainable.
07:10
18 Jun 24
The Fed says one thing, investors hear another
Wall Street investors bet on extra rate cuts this year, in spite of Fed predictions that there will be just one. Plus, Megabus parent company Coach USA has filed for bankruptcy after ridership dropped during the pandemic and failed to recover. And for Baltimore firms, work on the Francis Scott Key Bridge reconstruction is personal.
The Fed says one thing, investors hear another
Wall Street investors bet on extra rate cuts this year, in spite of Fed predictions that there will be just one. Plus, Megabus parent company Coach USA has filed for bankruptcy after ridership dropped during the pandemic and failed to recover. And for Baltimore firms, work on the Francis Scott Key Bridge reconstruction is personal.
07:54
17 Jun 24
Is it time to treat social media like cigarettes?
Surgeon General Dr. Vivek Murthy has called for cigarette-style warning labels aimed at young users of social media platforms, citing social media’s significant contributions to the mental health crisis among adolescents. Plus, a surge in secondhand shopping among consumers, and a look inside the world of gender-affirming vocal coaching.
Is it time to treat social media like cigarettes?
Surgeon General Dr. Vivek Murthy has called for cigarette-style warning labels aimed at young users of social media platforms, citing social media’s significant contributions to the mental health crisis among adolescents. Plus, a surge in secondhand shopping among consumers, and a look inside the world of gender-affirming vocal coaching.
08:38
17 Jun 24
French President launches election campaign amid challenge from far right
From the BBC World Service: Emmanuel Macron has kicked off a fortnight of frenetic election campaigning as he gambles everything to stave off a big challenge from the far right. German sportswear giant Adidas is investigating what it calls ‘potential compliance violations in China’ after reports that senior managers at the Chinese branch allegedly received bribes from suppliers. The European Soccer Championship has kicked off and it offers significant branding opportunities — this year, Nike is outspending its rivals, securing 37.5% of the visibility with nine team deals.
French President launches election campaign amid challenge from far right
From the BBC World Service: Emmanuel Macron has kicked off a fortnight of frenetic election campaigning as he gambles everything to stave off a big challenge from the far right. German sportswear giant Adidas is investigating what it calls ‘potential compliance violations in China’ after reports that senior managers at the Chinese branch allegedly received bribes from suppliers. The European Soccer Championship has kicked off and it offers significant branding opportunities — this year, Nike is outspending its rivals, securing 37.5% of the visibility with nine team deals.
08:52
17 Jun 24
Why the global supply chain cracked under COVID
Four years ago, the pandemic sent the world economy into disarray. Panic buying led to widespread backlogs, with shipping gridlocks so bad you could see them in satellite images. It all revealed a troubling reality: Our global supply chain is incredibly fragile. Where did things go wrong? We discuss. Also, Tesla shareholders voted to restore CEO Elon Musk’s pay package valued at $44.9 billion, so let’s talk about how CEO pay gets determined.
Why the global supply chain cracked under COVID
Four years ago, the pandemic sent the world economy into disarray. Panic buying led to widespread backlogs, with shipping gridlocks so bad you could see them in satellite images. It all revealed a troubling reality: Our global supply chain is incredibly fragile. Where did things go wrong? We discuss. Also, Tesla shareholders voted to restore CEO Elon Musk’s pay package valued at $44.9 billion, so let’s talk about how CEO pay gets determined.
08:16
14 Jun 24
The financial war between Israel and the Palestinians
Israel is withholding $35 million in tax revenues from the Palestinian Authority, which provides limited self-governance for the Palestinian people in the West Bank. The move threatens to worsen an already dire financial situation there, even as a war devastates Gaza, the other Palestinian enclave. Plus, big questions linger following the end of a strike at University of California campuses. And Wells Fargo fired some employees for “fake working.”
The financial war between Israel and the Palestinians
Israel is withholding $35 million in tax revenues from the Palestinian Authority, which provides limited self-governance for the Palestinian people in the West Bank. The move threatens to worsen an already dire financial situation there, even as a war devastates Gaza, the other Palestinian enclave. Plus, big questions linger following the end of a strike at University of California campuses. And Wells Fargo fired some employees for “fake working.”
08:08
14 Jun 24
Scams target Hajj pilgrimages
From the BBC World Service: Every year, more than a million Muslims from around the globe make a pilgrimage in Mecca. But there’s a lucrative trade in fake permits, and the number of scams has caused raised concerns for Saudi authorities. Then, Thailand scraps a planned $8 tourism fee for visitors arriving by air. And Virgin Australia is set to allow dogs and cats to fly in the main cabin of its planes.
Scams target Hajj pilgrimages
From the BBC World Service: Every year, more than a million Muslims from around the globe make a pilgrimage in Mecca. But there’s a lucrative trade in fake permits, and the number of scams has caused raised concerns for Saudi authorities. Then, Thailand scraps a planned $8 tourism fee for visitors arriving by air. And Virgin Australia is set to allow dogs and cats to fly in the main cabin of its planes.
08:11
14 Jun 24
Smaller races are drawing big campaign bucks
Federal campaigns get much of the spotlight, but state and local races can be as consequential for residents’ lives. Funders know that. Today, we’ll trace some of this year’s campaign spending behind state elections, local elections and ballot initiatives. We’ll also hear about a G7 plan to use seized Russian assets to help Ukraine. Plus, inflation for wholesalers was negative last month. What’s a central bank to do with that?
Smaller races are drawing big campaign bucks
Federal campaigns get much of the spotlight, but state and local races can be as consequential for residents’ lives. Funders know that. Today, we’ll trace some of this year’s campaign spending behind state elections, local elections and ballot initiatives. We’ll also hear about a G7 plan to use seized Russian assets to help Ukraine. Plus, inflation for wholesalers was negative last month. What’s a central bank to do with that?
06:51
13 Jun 24
The disappearance — and reimagination — of the gay bar
Gay bars are often a fixture of queer nightlife and can help foster a sense of community. Yet across the country, gay bars have shuttered at an alarming pace, down around 45% between 2002 and 2023. But queer nightlife isn’t disappearing — it may just be evolving. We’ll hear more. But first: Interest rates are staying where they are, so where do we go from here?
The disappearance — and reimagination — of the gay bar
Gay bars are often a fixture of queer nightlife and can help foster a sense of community. Yet across the country, gay bars have shuttered at an alarming pace, down around 45% between 2002 and 2023. But queer nightlife isn’t disappearing — it may just be evolving. We’ll hear more. But first: Interest rates are staying where they are, so where do we go from here?
09:11
13 Jun 24
Argentinians protest over economic reforms
From the BBC World Service: Demonstrators argued that the measures, which include cutting state spending and watering down workers’ rights, will hurt millions of working Argentinians. Meanwhile, leaders of the G7 are meeting in Italy to discuss increasing economic pressure on Russia in response to its war against Ukraine. And around the world, hundreds of thousands of tons of nuclear waste are piling up in temporary storage, but Finland thinks it has a solution.
Argentinians protest over economic reforms
From the BBC World Service: Demonstrators argued that the measures, which include cutting state spending and watering down workers’ rights, will hurt millions of working Argentinians. Meanwhile, leaders of the G7 are meeting in Italy to discuss increasing economic pressure on Russia in response to its war against Ukraine. And around the world, hundreds of thousands of tons of nuclear waste are piling up in temporary storage, but Finland thinks it has a solution.
07:45
13 Jun 24
What causes inflation? Economists and the public disagree
The general public doesn’t always see eye-to-eye with economists on why inflation happens or on how to fight it, a new survey finds. We’ll unpack. Plus, a resilient U.S. economy lifts global economic outlook. And later: The Federal Reserve is expected to leave interest rates unchanged today. But let’s revisit the ’70s and ’80s, when the Fed was battling double-digit inflation and didn’t have the luxury of patiently holding interest rates steady.
What causes inflation? Economists and the public disagree
The general public doesn’t always see eye-to-eye with economists on why inflation happens or on how to fight it, a new survey finds. We’ll unpack. Plus, a resilient U.S. economy lifts global economic outlook. And later: The Federal Reserve is expected to leave interest rates unchanged today. But let’s revisit the ’70s and ’80s, when the Fed was battling double-digit inflation and didn’t have the luxury of patiently holding interest rates steady.
06:45
12 Jun 24
Jobs IRL: Georgia bets big on EVs, and Savannahians
It’s been called the largest economic development project in Georgia’s history. And it’s massive — six times the size of Disneyland. When Hyundai’s Metaplant comes online, it will pump out up to 300,000 electric vehicles per year, plus batteries. Jobs at the plant will pay more than the area average, and job training will be free of charge. We’ll hear more. Also on the program: banishing medical debt from credit reports.
Jobs IRL: Georgia bets big on EVs, and Savannahians
It’s been called the largest economic development project in Georgia’s history. And it’s massive — six times the size of Disneyland. When Hyundai’s Metaplant comes online, it will pump out up to 300,000 electric vehicles per year, plus batteries. Jobs at the plant will pay more than the area average, and job training will be free of charge. We’ll hear more. Also on the program: banishing medical debt from credit reports.
06:40
12 Jun 24
The EU imposes tariffs on Chinese EVs
From the BBC World Service: The European Commission will add tariffs to electric vehicles coming into the European Union from China, and China’s not too happy about it. Then, the World Health Organization (WHO) has blamed major industries — tobacco, ultra-processed foods, fossil fuels and alcohol — for 2.7 million deaths a year in Europe. Also: news on bread in Egypt and spicy ramen noodles in Denmark.
The EU imposes tariffs on Chinese EVs
From the BBC World Service: The European Commission will add tariffs to electric vehicles coming into the European Union from China, and China’s not too happy about it. Then, the World Health Organization (WHO) has blamed major industries — tobacco, ultra-processed foods, fossil fuels and alcohol — for 2.7 million deaths a year in Europe. Also: news on bread in Egypt and spicy ramen noodles in Denmark.
08:11
12 Jun 24
Supply chain drama … again
We’re heading into another summer with the specter of serious supply chain disruptions. The union representing dockworkers at ports on the East and Gulf Coasts has called off negotiations with shipping companies, because the union says those companies are trying to replace workers with automation. Also: a look at how failing to meet kids’ basic needs hurts their educational outcomes and how bankruptcy has become an “escape hatch” for big corporations.
Supply chain drama … again
We’re heading into another summer with the specter of serious supply chain disruptions. The union representing dockworkers at ports on the East and Gulf Coasts has called off negotiations with shipping companies, because the union says those companies are trying to replace workers with automation. Also: a look at how failing to meet kids’ basic needs hurts their educational outcomes and how bankruptcy has become an “escape hatch” for big corporations.
06:32
11 Jun 24
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