Marketplace

Weekdays at 6:30pm
  • Hosted by Kai Ryssdal

Business, the economy, and events that influence them. Presented by American Public Media.

http://www.marketplace.org/

Playlist

March 31, 2017

6:57 PM
Like an Animal
Artist : Cymbals
Album : Like An Animal
Composer : Cymbols
Label : Tough Love Records

Different states spend vastly different amounts on their children, according to a new study out this week. The Urban Institute, a think tank in Washington, looked at spending on public schools, health, and social services and found that the national average is just shy of $8,000 per kid. Some states spend a lot more per pupil than others. The disparities raise questions of fairness and the impact of funding.  

Click the audio player above to hear the full story.

Why presidents rarely tackle tax reform

10 hours ago

President Trump is set to unveil a tax reform agenda today. One of the centerpieces is expected to be his campaign promise to cut the corporate tax rate from 35 percent to 15 percent.  But tax cuts and tax reform are two different things. The last real crack the U.S. took at tax reform was back in 1986, more than three decades ago. Why is tax reform so hard that most administrations simply skip it? 

Click the audio player above to hear the full story.

How the Panic of 1837 predicted the Great Recession

10 hours ago
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David Brancaccio

You may have slept through the lesson your U.S. history class gave on the Panic of 1837, but it's a prophetic subject given the stark similarities it shares with the Great Recession. 

Back then, a booming American cotton industry drove banks to lend money to land prospectors, which in turn, created a land bubble.

Then that bubble went bust.

Following the economic disaster, Americans blamed inner failings — not policy or institutions.  

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D Gorenstein

Paying for health care is an issue that worries many people. In the latest Marketplace-Edison Research Poll, 75 percent of respondents said they were fearful they weren’t going to be able to afford the services they or their family needs.

Yet some state and federal lawmakers want people on Medicaid — the health program primarily for children, people with disabilities and low-income Americans — to be more concerned about health care costs.

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Marketplace

Alphabet's self-driving car unit, Waymo, will now expand its operations in Phoenix, Arizona — a city where Uber has also tested its autonomous vehicles. Why Phoenix? Well, it's in a state that appears friendlier than others to self-driving technology, and there's a growing tech scene going on there. Brian Sherman, a senior vice president at Arizona Commerce, shares what exactly his organization is doing to support innovation in the region.

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Marketplace

President Trump has been talking about tax reform for a little while now. Well, today's the day we're getting a roll out of his plan. We'll dive into the proposals we might see from the White House, which could include a call for lower corporate tax rates and a re-adjustment of the country's income tax brackets. Afterwards, we'll look at how previous presidents have attempted to reform the American tax system, and then explore a radical proposal in Wisconsin that may increase the state's monthly health care premiums. 

‘The Circle’ author Dave Eggers thinks the internet is getting creepier

Apr 25, 2017
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Kai Ryssdal and Robert Garrova

There's a movie opening this weekend that's going to strike a little too close to home for some people in this crazy, mixed-up, always-connected digital economy we live in.

Tom Hanks and Emma Watson star in “The Circle,” a story about the dark side of revealing all online. It's based on a book of the same name by Dave Eggers, in which a mega-tech company wants access to all of our lives.

Run government as a business? Americans are split

Apr 25, 2017
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Sabri Ben-Achour

The latest Marketplace-Edison Research Poll asked Americans whether they thought the U.S. government should be run more like a business. We ask because President Trump on many occasions promised to do so and to bring his business acumen to bear on the presidency.

This is something Americans have argued over for more than 100 years.

This week, President Trump will likely sign an executive order related to national monuments. And, no, I’m not just talking about statues. These are federal designations meant to protect things like public land and water. Trump’s order is expected to review some of them, which could upset a lot of environmentalists. It could upend protections his predecessors have put in place across the country. 

Click the audio player above to hear the full story.

You can have a potty mouth during union fights, court says

Apr 25, 2017
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Jana Kasperkevic

Workplace criticism can be served with a side of profanity during unionization fights, especially if swearing was previously tolerated, according to New York federal court.

Trump’s tax plan raises economists’ eyebrows

Apr 25, 2017

President Trump is expected to unveil his tax plan tomorrow. It would reportedly lower the corporate tax rate to 15 percent. Budget analysts predict that would cost the federal government more than $2 trillion in revenue over a decade. But the administration says the tax cuts will boost the economy so much that they’ll pay for themselves because of increased economic activity. Is that realistic? 

Click the audio player above to hear the full story.

What a $400 juicer says about Silicon Valley

Apr 25, 2017
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Kai Ryssdal

A Juicero press squeezes juice from Juicero-branded packages of produce. It connects to the internet, costs $399 and is not necessary for squeezing juice from Juicero-branded packages of produce. The company raised an estimated $120 million from venture capitalists.

When President Trump promised he'd be tough on trade, Canada wasn't a name he threw around much. But his administration’s first big trade tax turns out to be a proposed 20 percent or so tariff on Canadian "soft lumber." That’s pine, spruce, fir — the kind of wood used to build homes. Secretary of Commerce Wilbur Ross said this is not the start of a trade war with Canada. But it does feel to some like a warning shot.

Click the audio player above to hear the full story.

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Sam Whitehead

Westinghouse Electric Company filed for bankruptcy in March, and it’s still unclear what that will mean for the company’s nuclear energy projects in the U.S.

One of those is at Plant Vogtle in Georgia, where two half-built nuclear reactors sit just west of the Savannah River.

Hawkins Rentals is up the road from the plant. Temporary workers live here in rows of recreational vehicles, not far from large cooling towers belching clouds of steam.

14: Beware of the nurtured narrative

Apr 25, 2017
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Kai Ryssdal and Molly Wood

Nearly three-quarters of Americans say Washington has forgotten them,  according to the latest Marketplace-Edison Research poll.  So what's behind that feeling? And what do you want from government? We'll talk about it.

Plus: a closer look at what it means to "Buy American"  and former Paramount Pictures CEO Sherry Lansing joins us to answer our Make Me Smart question. Finally: We're kick off our book club. If you want to help decide our first read, make sure you vote here

04/25/2017: It's tax plan eve

Apr 25, 2017
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Sabri Ben-Achour

President Trump's tax plan will either be the best thing for the economy since sliced bread (or something), or it'll blow the deficit to kingdom come. It kinda just depends on your perspective right now. We'll look at the arguments for the sliced bread side ahead of the president's announcement tomorrow. Then: Did anyone expect Canada to attract Trump's trade-policy wrath? Wilbur Ross said today there won't be a trade war, but there's gonna be collateral damage. Plus, we'll talk with Dave Eggers about his book "The Circle" as the movie version heads to theaters.

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Marketplace Weekend Staff

Some good news: According to the latest Marketplace-Edison Research Poll, Americans are feeling less anxious about the economy. That is, unless you're between 18 and 24, in which case you're losing sleep over your job, housing and retirement.

With major market indexes up, economist Lindsey Piegza joins us to talk about the psychology behind those increases. Investors are optimistic about the pro-growth policies Trump has proposed, like a 15 percent corporate tax rate, even if they haven't come to fruition. Next, we'll look at a possible source of tension between farmers and Trump over his push for strict immigration rules and his tamp down on free trade, which might not bode well for the agriculture industry.

The Commerce Department announced new tariffs of 3 percent to 24 percent on Canadian lumber companies, saying the Canadian government unfairly subsidizes the industry. Some American companies will have to pay the fee retroactively for orders delivered in the last 90 days. This debate has been ongoing for decades, and Canada denies it unfairly supports its lumber industry. Meanwhile, U.S. homebuilders said the new tariffs will increase the price of construction.

Click the above audio player to hear the full story.

Mexican restaurant chain Chipotle reports earnings after markets close today. The beleaguered burrito brand’s stock is up nearly 20 percent this year, signaling a possible comeback from its E. coli scandal of 2015. Analysts expect a recovery quarter for Chipotle, but the company has a ways to go.

Click the audio player above to hear the full story.

As Sonny Perdue gets sworn in to be the new Secretary of Agriculture, President Trump is set to meet with farming representatives. Among the top items on their list: immigration and trade. Up to 70 percent of the farming labor force is undocumented immigrants. About 20 percent of the U.S. agriculture business are exports dependent on good trade relations.

Click the audio player above to hear the full story.

Why women and men view the economy differently

Apr 25, 2017
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Marielle Segarra

In the Marketplace-Edison Research Poll, we asked this question: where is the U.S. economy today, compared to a year ago — better, worse or the same? The poll found that 40 percent of men thought it was doing better, compared to 24 percent of women.

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Marketplace

The U.S. Commerce Department has announced a new set of tariffs to raise the cost of wood produced by several Canadian lumber companies. Turns out lumber pricing has been a source of tension for decades. We'll take a look at how much these tariffs will increase by and what this could mean for the future of NAFTA. Afterwards, we'll discuss why not all of President Trump's policies are sitting well with farmers. And finally, we'll chat with former New York Times columnist Bob Herbert about his new documentary "Against All Odds," which examines how discriminatory policies in the U.S.

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Marketplace

On the website Twitch, video game fans get to watch popular video game players stream footage of their game play. Now Twitch is going to allow users to make money from their own streaming. We'll dive into reasons for the company's move — which may include a fear of YouTube — and the pitfalls of this business model for gamers. Afterwards, as part of our "hacktivism" series, Science magazine's John Bohannon shares the story behind the site Sci-Hub, which was created by grad student Alexandra Elbakyan after she became frustrated with the paywalls placed in front of research papers.

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Tony Wagner

You have to use the internet.

We're almost at 100 days. What is Trump's approval rating?

Apr 24, 2017
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Marketplace

The countdown is almost over. Come Saturday, President Trump will have been in office for 100 days.

The 45th president arrived at the White House with quite a to-do list. Among the things he hoped to accomplish during the first 100 days in office were: tax reform, repealing and replacing Obamacare, investing in infrastructure and ending illegal immigration. None of these have been checked off yet.

Sherry Lansing on the next 'chapter' of her career

Apr 24, 2017
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Kai Ryssdal

Negotiations between the Writers Guild of America and television and movie production companies are in recess today as the union counts membership votes on whether to authorize a strike. Watching with not-quite-detached interest is Sherry Lansing, the former CEO of Paramount Pictures.

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Kai Ryssdal

For this week at least, shove the GOP health care plan to the back of your mind. Come Friday night, the government is facing a shutdown should it fail to pass a bill to fund itself. And on Wednesday, the president is scheduled to announce his plan for tax reform. Rep. Kevin Brady, a Republican from Texas, is the chairman of the House Ways and Means Committee. Marketplace host Kai Ryssdal spoke with Brady about the coming week. The following is an edited transcript of their interview.

Tesla CEO Elon Musk is known for taking big risks. It’s a reputation that helped him raise billions of dollars for his various companies over the years. Musk’s latest gamble is a decision to fast-track the assembly-line strategy for the new Tesla Model 3 electric car. Typically, carmakers do a prototype buildout before going to full-scale production. But there are some big reason’s Tesla can’t afford to wait.

Click the audio player above to hear the full story.

The Secretary of Commerce Wilbur Ross met with the European Union's trade negotiator in Washington today. Although it's been buried by immigration and foreign policy in the first three months of President Trump's administration, fixing trade was a key promise Trump made on the campaign trail — which is why Ross is looking for a win.

Click the audio player above to hear the full story.

 

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