Episodes
There’s a program called “E-Rate” that subsidizes broadband data connections for schools and libraries. But libraries on tribal lands were excluded. Also, we’ll get yet another wave of signs about where the economy is headed (and where it’s most recently been) from profit and revenue reports for companies like Apple, Ford and General Electric — as well as the latest calculation of U.S. economic growth for Q3. And, AMC movie theaters are rolling out open captioning for those with hearing loss.
Published 10/25/21
Democrats in Congress are looking for new ways to fund a spending plan for increasing social benefits and fighting climate change. In the face of opposition to raising the corporate tax rate, Democrats are pivoting to a plan that would require billionaires to pay taxes on the increased value of assets such as stocks on an annual basis, regardless of whether they sell those assets. Also today: We look at the argument for why businesses should be interested in a four-day workweek for their...
Published 10/25/21
From the BBC World Service: Estimates from the U.N. World Food Program say more than half of the Afghan population will face acute food insecurity unless urgent action is taken. Plus, profits at HSBC, one of Europe’s biggest banks, rocket as worries fade about bad loans driven by the impact of the COVID-19 pandemic. And, how celebrity culture in China can present a problem for big brands.
Published 10/25/21
Christopher Low joins us today to talk about inflation, demand and the simmering spending power of households due to $3 trillion in excess savings. We look into how inflation has been rising all over the world, as the BBC checks in on how inflation could hit 5% in the next few months. U.S. financial regulators this week said climate change is a threat to the nation’s financial stability in a report. The report comes days before the U.N. conference on climate change.
Published 10/22/21
Organizers at four warehouses in New York City are collecting signatures – and expect to have enough as early as Monday – in order to request authorization to hold a vote to unionize. It’s the second attempt at unionization for Amazon warehouse workers this year. We look at the challenges facing people looking to buy a home, as builders struggle with supplies. New research from the U.S. Department of Agriculture shows the ripple effects of SNAP benefits in rural communities.
Published 10/22/21
From the BBC World Service: As inflation fears around the globe persist, the Bank of England’s new chief economist has warned that U.K. inflation is likely to hit or surpass 5% by early next year.
Published 10/22/21
Initial claims for state unemployment benefits remained below the 300,000 mark last week, as the Labor Department says claims totaled 290,000, which is a pandemic low. This week is when the government conducts the survey that will lead to hiring numbers for October. Diane Swonk joins us to discuss how the cresting COVID numbers might show up in labor market data. We also discuss how the upcoming holiday shopping season has both retailers and consumers worried about different things. An...
Published 10/21/21
It’s truffle season, and prices for the highly sought-after white truffles soared this year to around $4,000 per pound. The market is the subject of the documentary “The Truffle Hunters,” as well as Rowan Jacobsen’s book, “Truffle Hound.” We spoke to Jacobsen about the evolving, but still foggy, truffle market. In keeping with books, we also discuss the Federal Reserve’s Beige Book, which serves as an economic snapshot through the lens of regional banks.
Published 10/21/21
From the BBC World Service: Shares in the Chinese property firm Evergrande returned to trading after a 17-day hiatus, but immediately plunged as the company’s woes continue.
Published 10/21/21
Federal regulators are poised to take over enforcement of COVID workplace safety rules in Arizona, South Carolina and Utah. The government says those states aren’t following the rules at their health care facilities, while the states disagree. Susan Schmidt discusses what outlooks from the regional banks could tell us about the economy. We check in with the BBC’s Victoria Craig about airports raising passenger charges in an effort to bolster recovery from the pandemic.
Published 10/20/21
For Ian Bremmer, founder and president of the political risk consultancy the Eurasia Group, the Jan. 6 riot at the U.S. Capitol showed how the growing power and influence of tech companies are starting to overshadow the influence of traditional government institutions. We spoke to Bremmer about tech’s power in the geopolitical space. Also, a new survey notes that overdraft fees at banks have hit an all-time high.
Published 10/20/21
From the BBC World Service: The bank has agreed to a $475 million settlement with U.K., Swiss and U.S. regulators over a corruption scandal involving Mozambique’s tuna fishing industry.
Published 10/20/21
Best Buy, Walmart and other retailers are already kicking off holiday discounts to encourage people into shopping earlier this year, and there are plenty of reasons for their inspiration, if you want to call it that. The Securities and Exchange Commission has been looking into what happened since the GameStop rally from earlier in the year, and it has a report suggesting online brokerage firms might need new rules. Jeffery Cleveland stops by to discuss the bond market and inflation.
Published 10/19/21
The first exchange-traded fund – or ETF – in the country that’s linked to Bitcoin’s price swings begins trading today. The fund is actually a basket of Bitcoin futures, which are bets on where the volatile cryptocurrency’s price will go. Helping us make sense of this is Erik Gordon, professor at the University of Michigan’s Ross School of Business. We check on how Netflix is doing as earnings reports season gets underway. Home builders are looking on the bright side despite the challenges...
Published 10/19/21
From the BBC World Service: London’s Heathrow airport, one of Europe’s busiest, has announced it’s going to increase charges to airlines landing there as it tries to recover from the impact of coronavirus restrictions on travel.
Published 10/19/21
The film and TV industry has averted what could have been a costly and damaging strike. Over the weekend, studios and the union representing production crew members reached a labor deal. We discuss what’s next. Julia Coronado joins us to discuss the markets. Apple iPhone maker Foxconn unveiled three new electric vehicles today in Taiwan under a joint venture. The BBC reports on an approach in Berlin that deals with the high cost of living in big cities.
Published 10/18/21
The mere mention of brisket and BBQ might make your stomach rumble now, but brisket has actually had to work its way into its place as a meat that demands top dollar. We explore its history. Colorado has mandated health insurance plans to cover gender-confirmation care for transgender people, starting in 2023. The BBC checks in on China’s economic recovery, where it went from handling the pandemic to a host of other issues, like an energy crisis.
Published 10/18/21
From the BBC World Service: China’s economy grew at its slowest pace for a year, according to figures released today. Power shortages, outbreaks of COVID-19 and pressure from Beijing on a number of industries are taking their toll on the economy.
Published 10/18/21
With remote work taking on new facets and establishing a greater foothold on society, more companies are cutting down the pay of employees who move to less-costly areas of the country. We unpack some of the questions surrounding remote work and geography-based pay with Peter Cappelli of the Wharton School’s Center for Human Resources. Drew Matus of MetLife Investment Management talks the markets with us as numbers show consumers might be getting a little more excited.
Published 10/15/21
More than 10,000 John Deere workers are on strike to demand better pay and benefits. It’s the latest of a growing list of labor actions, as unions feel emboldened amid a worker shortage. Marketplace’s Nova Safo joins us to talk about it. The Biden administration announced extended, 24/7 hours for the Port of Los Angeles this week, but what will it actually take there to help loosen the kinks in the supply chain? The FDA released guidelines to help Americans reduce their sodium intake.
Published 10/15/21
From the BBC World Service: Italy has brought in one of the strictest COVID passes for workplaces in the world. Employees and employers could face fines if they fail to use the digital passes.
Published 10/15/21
The former CEO of Safeway and the ex-CFO of Walgreens shared their testimonies of dealing with Theranos founder Elizabeth Holmes at her trial this week. We spoke to the reporter who is covering the trial on what the two execs said and what it could mean for the trial going forward. Diane Swonk talks with us about the markets following a not-so-great jobs report and the government’s warning about the cost of keeping homes warm for the winter. The Federal Trade Commission has issued a warning...
Published 10/14/21
Developers created about 20,000 new apartment units this year in buildings that used to serve some other purpose. It’s a process called adaptive reuse, and it’s been a big deal in 2021. We take a peek into all the conversion. The upcoming increase in Social Security payments is the biggest it’s been in decades, but what could it mean for seniors? We also examine some of the dynamics behind all that turnover in the restaurant and hospitality industries.
Published 10/14/21
From the BBC World Service: The Turkish lira hit a record low as President Erdogan ordered a new round of dismissals at the country’s central bank, in another row over interest rate policy.
Published 10/14/21
Companies are going to start sharing their earning for the third quarter, which gives us a window into how the economy is looking. Joining us for that discussion is Susan Schmidt. We look into how child care centers are chipping away at the labor shortage with each hire they make. Felicia Wong of the Roosevelt Institute chats with us about economic resilience among the nations in the G7.
Published 10/13/21