Episodes
The U.S. economy grew by just 1.6% last quarter — falling very short of expectations. At the same time, inflation was up, according to the latest PCE. What’s the Federal Reserve’s next move? Plus, small businesses could see big productivity gains by collaborating with other firms, a McKinsey report shows.
Published 04/25/24
New emissions standards for fossil fuel power plants would require them to eliminate 90% of the carbon dioxide they emit, or close. But the Supreme Court could strike down the regulations before they go into effect. Plus, New Jersey announces an incentive for residents to sue New York and Congress weighs a new path for funding medical research.
Published 04/25/24
Published 04/25/24
From the BBC World Service: Venice, Italy, has become the first city in the world to charge day trippers. But is $5.30 enough to keep a lid on tourist numbers? And, we’ll take a look at the $300 billion ‘modest fashion’ industry as thousands of models, designers and buyers arrive in Istanbul for Modest Fashion Week.
Published 04/25/24
Call it a manufacturing resurrection: Orders for durable goods — big-ticket items from washing machines to airplanes — rose 2.6% in March. It’s a sign that manufacturing is coming back online and the economy is getting get back to where the Fed wants it to be. Plus, it’s earnings season. How are companies doing so far? Then, we head to the Spanish city of Algeciras, where one out of four people is unemployed.
Published 04/24/24
The Joe Biden administration has announced a pair of new measures to strengthen worker protections. It’s widening eligibility for overtime, bringing in millions of more employees, and is looking to largely ban on noncompete agreements, which bar workers from joining competing companies. We’ll hear more. We’ll also hear more about what all is included in the $95 billion foreign aid package and how internet providers have been lobbying against lower broadband prices.
Published 04/24/24
From the BBC World Service: U.S. Secretary of State Antony Blinken has arrived in China with a long list of global issues on his agenda: There’s conflict in the Middle East, America’s support for Taiwan and the way China supplies crucial technology to Russia’s war effort in Ukraine. Also: key issues for women voting in India’s general election and southern Spain’s struggle with the highest unemployment rate in Europe.
Published 04/24/24
EV maker Tesla will release quarterly results after markets close on Tuesday, but the company has been struggling so far this year. Beset by stiff global competition, Tesla has been cutting prices and laying off workers. We’ll set the stage for the big financial release. Plus, high mortgage rates bring about a real estate quandary. And as part of this month’s Econ Extra Credit, we examine how baseball’s Negro Leagues navigated the Great Depression.
Published 04/23/24
The Supreme Court is scheduled to hear oral arguments today on whether the National Labor Relations Board has to meet a higher burden of proof when intervening on behalf of workers trying to unionize. Starbucks is challenging some of the agency’s powers. We’ll hear more about the case in question. Plus, El Salvador’s unsafe reputation is transforming, but the country is heavily in debt. What are the economic realities. everyday Salvadorans?
Published 04/23/24
From the BBC World Service: The British government’s policy of sending migrants to the African nation of Rwanda is set to become law, but the United Nations and Europe’s highest court have urged the U.K. to drop the proposals. Then, two years since a state of emergency was introduced in El Salvador to try to reduce crime, the Central American country is safer but its economy is still struggling.
Published 04/23/24
On Monday, the Supreme Court is set to hear oral arguments in a case that could determine whether cities can fine or arrest people in homeless encampments. The case comes at a time when higher interest rates and rising insurance costs are making it more expensive to build low-income housing — especially in California. Also: the macroeconomic vibe for the week ahead and Ireland’s big bet on high-tech media production.
Published 04/22/24
For the first time, autoworkers at a foreign-owned plant in a Southern state have voted to unionize. The United Auto Workers union recently saw a landslide victory at a Volkswagen plant in Chattanooga, Tennessee — a win that comes years of failed unionization efforts in the South. We’ll discuss what comes next. Then, we’ll hear the role janitors from El Salvador have played in local labor movements in Houston.
Published 04/22/24
From the BBC World Service: We hear from Ukrainians after a military aid package gets approval in the U.S. House of Representatives. Then, Ecuadorians vote to tighten security in its fight against gang violence, as the government fears that recent violence could damage the country’s tourism. Plus, the hit TV series “Game of Thrones” was filmed in Northern Ireland. We’ll explore the big bet on film, TV and gaming there.
Published 04/22/24
The message from several officials at the Federal Reserve this week? Don’t expect an interest rate cut anytime soon. And we’ll discuss why there’s a chance that “higher for longer” may not be the end of it. Plus, hospitality businesses in New York City say they’re struggling to fill open jobs. New migrants arriving in the city could help solve that problem — if they get authorized to work.
Published 04/19/24
Bitcoin is trading well above where it did in 2023. Friday or Saturday, something called the “bitcoin halving” is supposed to happen — an event that occurs roughly every four years where the number of new bitcoins that come into circulation drops in half. And it’s a big deal for the whole philosophical premise of bitcoin. We’ll unpack. Also on the show: explaining a big filing day for PACs and understanding China’s “Great Firewall.”
Published 04/19/24
From the BBC World Service: Hospitality businesses in New York City have said quicker work permits for arriving migrants could be key to filling vacancies in the sector – but city authorities are struggling to cope with the number of people arriving. Also: Palau was praised for its marine sanctuary that banned commercial fishing. Now, the government wants to allow more maritime industry to boost the economy.
Published 04/19/24
This week, the Equal Employment Opportunity Commission finalized regulations to ensure that most employees around the country are entitled to unpaid time off and other accommodations for a range of pregnancy-related medical needs, from nausea and gestational diabetes to abortion care. We’ll learn more. Also on today’s show: a drumbeat of “higher for longer” from Fed officials, the Biden administration’s show of support for American steel, and gaming furniture that’s all grown up.
Published 04/18/24
When the Francis Scott Key Bridge in Baltimore was built in the ’70s, it was a chance for workers to prove themselves on a massive construction project. Following its collapse, those workers look back on what many considered to be a monument to their work — and what happens when that monument is gone. Also: foreign aid could be bundled with a forced sale of TikTok, and European Union leaders agree to tighten sanctions on Iran.
Published 04/18/24
From the BBC World Service: The European Commission has given TikTok 24 hours to provide more information on its new app, which pays users to watch videos, as officials raise concerns about potential harms. Then, we’ll hear more about the European Union’s efforts to sanction Iran following its attack on Israel. And later on the show: Why is the Pacific Island of Palau’s tourism sector struggling to recover from the pandemic?
Published 04/18/24
The United Auto Workers union is trying to organize foreign vehicle factories in the South, and today, workers at a Volkswagen factory in Chattanooga, Tennessee, begin voting on whether to join the UAW. We’ll hear what’s at stake. Then, we’ll take a look at why TGI Friday’s is faltering while Texas Roadhouse thrives. Plus, a look at how a Detroit deconstruction company provides jobs and promotes sustainability.
Published 04/17/24
For this month’s Econ Extra Credit, we’re watching “The League,” which chronicles the history of baseball’s Negro Leagues, established several decades before the sport was integrated. The Leagues gave rise to many Black businesses and entrepreneurs. Today, we have a conversation with Larry Lester, co-founder of the Negro Leagues Baseball Museum in Kansas City, Missouri. Also on the program: Aircraft-maker Boeing faces scrutiny over safety practices during two Senate hearings.
Published 04/17/24
From the BBC World Service: Despite extensive sanctions, the International Monetary Fund has forecast Russia’s economy will grow more than any other rich nation this year. Also: The small Pacific Island nation of Palau has warned delays to U.S. funding could open the door to China’s influence in the region.
Published 04/17/24
The European Union’s Digital Services Act requires big internet platforms to create searchable public libraries of their ads, allowing researchers to see who an ad is targeting and reaching and what it’s urging its audience to do. But a new assessment finds that those libraries are lacking. We dig in. Plus, China’s economy grew faster than expected, but Chinese consumers are still struggling. We’ll also hear how to find reasonably high interest rates on savings.
Published 04/16/24
Big corporate landlords provide the company RealPage with data you can’t just see on Zillow, like the rent a tenant actually pays versus what’s advertised publicly. In return, the company recommends a rent price to set. Now, lawsuits are alleging that RealPage uses the data for wide scale rent-fixing. Also: the latest news on shares of Trump Media and a frank conversation about the shame that comes with debt.
Published 04/16/24
From the BBC World Service: Economic growth in China, the world’s second biggest economy, beat expectations in the first quarter. Official data shows it’s being led by the manufacturing sector, but domestic demand is still weak. Plus, the Panama Canal will permit more ships from next month, easing congestion. And Colombia has become a top destination for so-called digital nomad; we take a look at how this is affecting the economy.
Published 04/16/24