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Marketplace All-in-One

English, Finance, 8 seasons, 1279 episodes, 4 days 18 hours 35 minutes
Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit for more. From American Public Media. Twitter: @Marketplace
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Higher ed got its credit report card, and it’s not straight A’s

Fitch Ratings issued a warning this week that U.S. colleges and universities are likely to encounter economic headwinds — bond investors beware. Declining enrollment, higher wages for faculty and staff and 2008 recession-era debt are all at play. In this episode, why some colleges may be affected more than others. Plus, artificial intelligence is already behind the scenes in Hollywood, rent-free housing comes with a cost and an electronic music store bides its time.
07/12/202327 minutes 28 seconds
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The battle over aid to Ukraine

President Biden has asked Congress to pass a hefty aid package for the war in Ukraine and other defense initiatives, but the funding can’t seem to get through the Senate. We’ll hear the president implore lawmakers to act swiftly and get into why the package is being held up. Plus, the ballet of federal regulators and Wall Street banks continues. And, Google introduced its new AI model called Gemini. Among other capabilities, it can see! Here’s everything we talked about today: “As Ukraine aid falters in the Senate, Biden signals he’s willing to make a deal on border security” from A
07/12/202311 minutes 15 seconds
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Mortgage rates fall this week

Stocks close higher; lower rates haven’t had a big impact on housing demand; unemployment claims rise; consumer credit growth slows down.
07/12/20231 minute 5 seconds
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Biden administration proposes seizing some drug patents

New rules would allow seizure of some drug patents if prices are too high; initial unemployment claims remained steady last week; UAW claims progress in unionization effort at VW plant; National Retail Federation retracts organized shoplifting claim.
07/12/20231 minute 5 seconds
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A falling mortgage rate makes a difference

Average mortgage rates have fallen to their lowest levels since August, cooling from nearly 8% to around 7%. While that may be more manageable for prospective homebuyers, rates are still significantly higher than they’ve been in decades. What will this mean for home sales and refinancing? Plus, EV tax credits are getting complicated, and we hear about the olive oil crisis playing out in Spain.
07/12/20237 minutes 15 seconds
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What does the new SAG contract say about AI use?

Members of SAG-AFTRA voted to ratify a contract with Hollywood studios following the recent months-long actors strike. A major concern for voting members was how and when artificial intelligence could be used. While actors won some protections regarding AI usage, some still feel the deal fell short. We’ll also hear about a ban on Russian diamond imports and examine claims of organized theft at stores.
07/12/20237 minutes 17 seconds
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Italy withdraws from China’s Belt and Road Initiative

From the BBC World Service: Italian Prime Minister Giorgia Meloni’s administration is pulling out of China’s flagship Belt and Road Initiative, the massive  infrastructure and trade project. This is leading to fears that Italy’s $20 billion export market into China could be threatened. Plus, G7 countries look to sanction Russian diamonds. Then, in Spain, a poor harvest is causing a shortage of olive oil and pushing prices up.
07/12/20239 minutes 10 seconds
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Tired of trying to protect your data privacy? You’ve got “consent fatigue.”

If you use the internet, you have undoubtedly been asked to consent to cookies. They remember our log-in information and also track things like what we’re reading and buying. Trying to avoid cookies can feel pretty pointless and exhausting to the point where privacy experts have named the phenomenon “consent fatigue.” Marketplace’s Lily Jamali spoke to Matt Schwartz, policy analyst for Consumer Reports, about how we got here.
07/12/202311 minutes 54 seconds
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How the podcast bubble burst

Podcasting took off in a big way in 2015. But just eight years later, waves of layoffs and cancellations have made the future of the medium uncertain. In this episode, we’ll explore why podcasts are tricky to monetize, what the future of the industry could look like and how public radio fits into the whole thing — with help from “On the Media” correspondent Micah Loewinger. Plus, restaurants shed jobs, the gender gap in science and tech persists and supply chain logistics are stabilizing.
06/12/202329 minutes 27 seconds
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Taking the pulse of the U.S. bond market

Today we&#8217;re geeking out over the bond market. The yield on the benchmark 10-year Treasury note has dropped from a few weeks ago and now sits close to 4.1%. We&#8217;ll unpack what a bond market rally could mean for the Federal Reserve&#8217;s interest rate decision-making as well as for the average American. Plus, what happens when someone says they intend to abuse their power? We’ll get into former President Donald Trump’s remarks at an Iowa town hall last night. Here&#8217;s everything we talked about today: &#8220;United States Rates &amp; Bonds&#8221; from Bloomberg <!-- wp:list-ite
06/12/202319 minutes 48 seconds
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Private employers add 103,000 jobs in November

Stocks close lower; government’s jobs tally due on Friday; imports rise slightly in October; exports fall.
06/12/20231 minute 34 seconds
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McDonald’s is planning to supersize

The fast food giant wants to add 10,000 stores; Supreme Court justices appear unwilling to make broad changes to tax code; Hollywood actors ratify union deal with studios; British American Tobacco writes down value of cigarette brands.
06/12/20231 minute 31 seconds
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At the intersection of politics and public health

The Biden administration may be delaying a long-discussed ban on menthol cigarettes, which have been heavily marketed in Black communities. Banning them in an election year could be politically fraught for President Biden, whose 2020 campaign hinged on the support of Black voters. Also on the show: changes in the subscription economy, slower job growth and what 360% inflation feels like in Venezuela.
06/12/20238 minutes 57 seconds
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What to expect from HUD’s annual homelessness count

HUD is expected to release its annual Point-In-Time homelessness count later this month. High housing costs, an influx of asylum seekers and an end to COVID relief funds have strained resources aimed at serving the unhoused over the past year. What can we expect from the survey? We&#8217;ll also hear how banks are grappling with higher interest rates and stricter proposed rules, and we take a bite out of McDonald&#8217;s new concept restaurant, CosMc’s.
06/12/20237 minutes 47 seconds
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Cloud wars: Amazon and Google tackle Microsoft

From the BBC World Service: In the United Kingdom, Amazon and Google have called out Microsoft&#8217;s cloud computing practices, alleging that the tech giant is restricting customer options. The multi-billion dollar sector is being investigated by the U.K.&#8217;s anti-trust authority. Plus, Vladimir Putin heads to the Middle East. And, amid rising tensions with an oil-rich neighbor, how is Venezuela&#8217;s economy faring?
06/12/20237 minutes 32 seconds
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Meta’s pixel code tracks students from kindergarten to college

For years, Facebook, now renamed Meta, has offered a code called pixel to businesses. By embedding pixel on their websites, those businesses can collect information on users, then target them with ads on Meta&#8217;s social media platforms. The investigative news website The Markup has been looking into how some of the personal information pixel gathers is shared back with the tech giant. Meta says its policies make clear that advertisers should not send sensitive information about customers through its business tools. But Colin Lecher, co-author of a new Markup investigation, is reporting that students are among those the pixel code tracks.
06/12/202310 minutes 14 seconds
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The ghosts of debt ceilings past

Despite all the angst over the national debt limit, extensions and last-minute compromises aren&#8217;t unusual — since 1960, Congress has fought over the debt ceiling 78 times. Although the U.S. has never defaulted, there have been consequences. In this episode, why debt ceiling battles haunt the nation&#8217;s credit rating. Plus, the financial strain on regional theaters across the country, as told by Danny Feldman, head of the Pasadena Playhouse.
05/12/202328 minutes 44 seconds
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Job openings hit two-year low

Stocks close mixed; job openings fall the most in health care, social assistance; logistics sector shrinks in November; services sector expands.
05/12/20231 minute 31 seconds
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What is MAGAnomics, actually?

We&#8217;re less than a year out from the 2024 presidential election. And former President Donald Trump is still leading the pack of Republican candidates, by a lot. This has us wondering: What would another Trump presidency mean for the economy? On the show today, William Howell, professor of American politics at the University of Chicago explains how Trump&#8217;s plans to weaken the federal bureaucracy could disrupt the economy, how the former president&#8217;s proposals on immigration and Obamacare could go over, and what voters see in his economic agenda. Plus, what this could all mean for our democracy. Then, we’ll get into a major data breach
05/12/202333 minutes 56 seconds
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Employers post fewest job openings since March 2021

There were 8.7 million job openings in October, as signs increase of labor market cooling; Supreme Court justices appear divided over Purdue Pharma settlement; Lamborghini agrees to 4-day workweek; latest Grand Theft Auto video game will not launch until 2025.
05/12/20231 minute 5 seconds
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It pays to play on as you age

From the Rolling Stones to Bonnie Raitt and Dolly Parton, there are plenty of septuagenarians creating new, quality works. These performers are redefining &#8220;oldies but goodies,&#8221; but what can they teach us about prospects for an economy with an aging population? We rock out a bit, then discuss. Also on the show: Sweden&#8217;s Ericsson sees a win over Finland&#8217;s Nokia, and Moody&#8217;s issues a negative outlook for China&#8217;s government debt.
05/12/20238 minutes 24 seconds
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A case that could overhaul the income tax system as we know it

A tax case over $15,000 that could rewrite the U.S. tax code goes before the Supreme Court today. We&#8217;ll parse the arguments, politics and implications of it all, including what a ruling could mean for a potential wealth tax. Then, we&#8217;ll hear how Chinese property giant Evergrande avoided liquidation this week and what Mark Cuban&#8217;s sale of the Dallas Mavericks could mean for gambling in Texas.
05/12/20237 minutes 24 seconds
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Ratings agency changes China credit outlook to negative

From the BBC World Service: Moody&#8217;s, the rating agency, has changed China&#8217;s government credit outlook from stable to negative due to debt fears and lower growth forecasts. And, one year on, have sanctions from the European Union and G7 stop oil money flowing to Russia? Then, a former Tesla employee says he believes the company&#8217;s self-driving tech isn&#8217;t fit for public roads.
05/12/20236 minutes 53 seconds
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Can biofuel help clean up airline emissions?

Last week, a Virgin Atlantic passenger jet traveled from London to New York powered 100% by sustainable aviation fuel, or SAF.  The low-carbon fuel came from feedstock that included used cooking oil and waste animal fats. Critics call the flight a gimmick, and to be clear, right now SAF makes up a tiny slice of the fuels airlines use to get us places. Marketplace’s Lily Jamali spoke with Louise Burke, an energy analyst and vice president of business development at Argus Media, who says that could change.
05/12/202312 minutes 10 seconds
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Millennial mom dread

The U.S. population is aging as Americans choose to have fewer children or none at all. We&#8217;ll get into the many reasons millennials hesitate to jump into motherhood and how to change the narrative around parenting. Plus, fewer children mean fewer people to take care of our aging population in a country already dealing with a senior care crisis. And, Patti LaBelle’s infamous performance of &#8220;This Christmas&#8221; at the 1996 National Christmas Tree Lighting makes us smile. Here&#8217;s everything we talked about today: &#8220;Aging America faces a senior care crisis&#8221; from Axios <!-- /wp:list-ite
05/12/202314 minutes 28 seconds
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Whaddya mean capital got “more expensive”?

Seventeen percent of Spotify employees were laid off today in the company&#8217;s third round of layoffs this year. CEO Daniel Ek says a major reason for staff cuts is that capital has &#8220;become more expensive.&#8221; But how can money suddenly cost more? In this episode, why companies that grew by borrowing a bunch are scaling back in a high-interest-rate environment. Plus, gold isn&#8217;t the stable investment some think it is, 3D-printed houses could aid the affordable housing crisis and going splitsies on dinner is now en vogue.
04/12/202329 minutes 32 seconds
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Alaska Airlines to purchase Hawaiian Airlines

The airline will spend $2 billion on the deal if approved; factory orders fell more than 3.5% between September and October; Spotify announced layoffs impacting 17% of its workforce.
04/12/20231 minute 19 seconds
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Alaska Airlines wants to buy Hawaiian Airlines

If approved, the merged airline would control more than 50% of Hawaii flights; drugmaker Roche to buy biotech startup working on obesity drugs; Spotify cuts 17% of workforce; Red Sea commercial ships attacked by Houthi rebels.
04/12/20231 minute 37 seconds
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The hottest holiday shopping trend? Buy now, pay later

The use of buy now, pay later services hit an all-time high this past Cyber Monday. Consumers spent $940 million online using BNPL, which they&#8217;ve continued coming back to as high inflation and credit card interest rates strain budgets. We dig into the risks these services carry. Plus, we hear about the latest rounds of layoffs at Spotify and some of the hurdles to HIV-prevention medication uptake.
04/12/20239 minutes 5 seconds
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Hillary Clinton says it’s time for insurance reform

As the global climate change summit COP28 continues, former Secretary of State Hillary Clinton is calling for changes to how properties are insured in the face of climate change. Insurers are already pulling out in parts of California and Florida, but what exactly would reforms to the industry look like? Then, Venezuela votes to claim part of oil-rich Guyana, and self-driving cars face quite a number of roadblocks.
04/12/20238 minutes 23 seconds
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Why Spotify is laying off staff — again

From the BBC World Service: In its third round of job layoffs this year, Swedish music-streaming giant Spotify says it&#8217;s cutting 1,500 jobs, or 17% of its workforce. Plus, we look at why the president of COP28 is in hot water over his comments on the science of reducing global heating. And in the United Kingdom, there&#8217;s a black market for so-called &#8220;skinny jabs&#8221; — knock-off versions of weight loss drugs.
04/12/20238 minutes
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A controversial U.S. surveillance program expires this month. Will it be renewed?

When Section 702 became law in 2008, the intelligence community argued collecting phone calls, texts, and emails of people outside of the U.S. could protect against terrorism. But the communications of many Americans have also been collected, all without the required warrants. Now, Section 702 is set to expire at the end of the month. Marketplace’s Lily Jamali spoke with Elizabeth Goitein, senior director of liberty and national security at the Brennan Center for Justice, about what members of Congress are considering as they decide whether to extend Section 702.
04/12/202312 minutes 54 seconds
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Economics on Tap: Wastewater beer edition

The future of beer is here. &#8220;How We Survive&#8221; host Amy Scott is on the show today to help us taste test beer brewed from recycled water. And we&#8217;ll get into George Santos&#8217; expulsion from the House and why his lies and luxurious spending were particularly provoking. Then we&#8217;ll weigh in on Walmart&#8217;s creative spin on holiday romcoms and more in a game of Half Full / Half Empty. Here&#8217;s everything we talked about: &#8220;Water, water, everywhere&#8221; from Marketplace <a href="https://apnew
02/12/202335 minutes 27 seconds
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Just keep it

Over half of major retailers now have a &#8220;return-less&#8221; refund policy — aka, they&#8217;ll pay you to keep not-quite-right items — according to a goTRG report. Returns cost retailers a lot, so why take stuff back? In this episode, big-box stores are adopting this practice (but not necessarily advertising it). Plus, the &#8220;endless shrimp&#8221; offer tanks Red Lobster profit, farmers try to monetize carbon-trapping agricultural methods and the manufacturing sector shrinks.
01/12/202328 minutes 16 seconds
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Manufacturing sector contracts in November

Stocks rise; manufacturing production falls; new home construction spending rises; manufacturers investing in long-run projects.
01/12/20231 minute 19 seconds
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That electric vehicle you’ve been eyeing could become more expensive soon

The Biden administration has released long-awaited rules limiting tax credits for certain EVs; OPEC+ extends oil output cuts; Tesla delivers long-promised pickup truck; federal judge blocks Montana’s TikTok ban.
01/12/20231 minute 39 seconds
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The economics behind farewell tours

The band Kiss will play what it’s calling its last ever show this weekend in New York City. Thing is, the band has said farewell before — on a tour more than 20 years ago. Turns out, saying (or kissing) goodbye is a big business. Also on the show: Meta&#8217;s lawsuit against the FTC, a big month for bonds and a fund for climate change impacts.
01/12/20238 minutes 36 seconds
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What Fed officials are thinking — and saying

Federal Reserve Chair Jerome Powell speaks later today, after other Fed officials have been particularly chatty. This is before a quiet period that precedes the next meeting on interest rates this month. What sort of economic portrait have they been painting? Then, OPEC+ essentially maintains the status quo and we look at some of the barriers to accessing and affording HIV-prevention medication PrEP.
01/12/20238 minutes 49 seconds
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Germany’s economy got a break, but maybe not the kind it’s looking for

From the BBC World Service: Germany is looking at an $18 billion gap in next year&#8217;s budget because of a court decision last week on a German fiscal rule known as the debt brake. Then, Brazil says it&#8217;s deploying military reinforcements to its northern border, as tensions rise between its neighbors Venezuela and Guyana over a disputed oil-rich region. And later: a look at the big business of advent calendars.
01/12/20238 minutes 34 seconds
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One year of ChatGPT, fast fashion’s plan to go public and more trouble for Elon Musk

On today’s Tech Bytes: apologies, profanity and accusations of blackmail. It’s just another week in the life of Elon Musk. Plus, ultra-fast-fashion retailer Shein confidentially files for an IPO and seems to be trying to bolster its image.  But first, one year ago this week, OpenAI released ChatGPT to the public for the first time. Within five days of its launch, ChatGPT already had one million users. From writing holiday menus to college essays to wedding vows, ChatGPT has been there.  Marketplace’s Lily Jamali spoke with Natasha Mascarenhas, reporter for The Information, for her take on the week’s tech news.
01/12/202313 minutes 24 seconds
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The urban-rural wage gap

People in cities have, on average, made more money than people in rural parts of America for decades. Now, that disparity seems to be widening. In 2023, urban dwellers are making 23% more than rural ones, compared to 20% more before the pandemic. In this episode, why inflation, telework and higher education all play into the urban-rural wage gap. Plus, more older Americans are still paying off their mortgages, ESG investing goes under the microscope and global markets don&#8217;t quite believe OPEC+.
30/11/202329 minutes 44 seconds
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COP28’s big question: who should pay for the climate crisis?

It&#8217;s day one of COP28, the global climate conference, and countries have already agreed on details for a fund to aid developing countries affected by climate disasters. As wealthier nations begin paying for their contributions to the climate crisis, how long will their support last? Plus, we&#8217;ll hear a Fed Chair&#8217;s divisive turkey analogy for what happens when interest rates are too high for too long. And, why brands are extending those Black Friday and Cyber Monday deals. Here&#8217;s everything we talked about: &#8220;COP28 leader Sultan Al Jaber hits back at allegations he used climate talks to strike oil
30/11/202315 minutes 54 seconds
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Spending and inflation slowed in October

Stocks close mixed; services spending rises while durable goods spending falls; inflation mostly flat between September and October; unemployment claims rise.
30/11/20231 minute 20 seconds
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Inflation is receding faster than the Federal Reserve’s predictions

PCE price index receded to a 3% annual rate in October; continuing claims for unemployment benefits hit a 2-year high; New York Fed Chief Williams says interest rate hikes are likely done; Ford says strike cost $1.7 billion.
30/11/20231 minute 5 seconds
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EVs are having a reliability problem

Consumer Reports is out with a survey finding that EV owners had roughly 80% more problems than owners of conventional vehicles. Key problems included issues with charging and batteries. To the start the show, we parse out findings of the report. Then, chief marketers worry about the prospects of a recession (yet again) and music service Mdundo eyes growth in Africa.
30/11/20238 minutes 32 seconds
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How holiday advertising is different this year

We&#8217;re in the thick of holiday shopping season. But as companies compete for consumer dollars and distinguish themselves through advertising, they&#8217;re taking inflation into account and trying to play to customer emotions. Plus, X&#8217;s Elon Musk has some choice words for boycotting advertisers, and celebrities face potential liabilities when promoting financial investments.
30/11/20237 minutes 55 seconds
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Can you be the president of a climate summit and the boss of a state oil company?

From the BBC World Service: The appointment of the COP28 summit&#8217;s president, Sultan Ahmed Al-Jaber, has been controversial, as he’s also the CEO of Abu Dhabi’s state oil company. We take a closer examination. Then, the European Commissioner for Competition, who has taken on tech giants like Alphabet and Amazon, speaks to us about AI regulation. And as African music has gained global popularity in recent years, Kenya-based music service Mdundo aims to double its 25 million monthly users. &nbsp;
30/11/20238 minutes 24 seconds
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Big advertisers flee X as Musk spotlights antisemitic content

This time of year, companies tend to open their wallets and choose where they choose to advertise. Those ad dollars are the lifeblood of X, the former Twitter. In the last quarter of 2021, almost 90% of Twitter&#8217;s revenue came from ads. That business model was already showing signs of wear after when Elon Musk took over. Now, as the Israel-Hamas war rages on, a new controversial post by Musk has accelerated the flight of advertisers. New York Times journalist Ryan Mac spoke with Marketplace&#8217;s Lily Jamali about how the fallout of fleeing advertisers could affect the platform.
30/11/202311 minutes 45 seconds
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Is GM feeling iffy about EVs?

General Motors is planning higher-octane cash returns for investors in an attempt to restore confidence in its main gig — making vehicles that are not electric. We&#8217;ll get into what this could signal for the broader EV industry. And, many of the Securities and Exchange Commission&#8217;s regulatory powers are on the line in a current Supreme Court case. We&#8217;ll examine what the case has to do with conservative justices&#8217; disdain for the administrative state. Plus, a National Spelling Bee champion&#8217;s secret to success. Here&#8217;s everything we talked about today: <a href=";reflink=article_copyURL_share" target="_blan
30/11/202313 minutes 56 seconds
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An oil exec hosting COP28? Surprise!

The United Nations&#8217; climate change conference kicks off tomorrow in Dubai, United Arab Emirates, where tens of thousands of global leaders, experts and activists will discuss how to reduce greenhouse gas emissions. However, the host country&#8217;s main export is fossil fuels and the host of the event is CEO of the Abu Dhabi National Oil Co. In this episode, could conflicting interests stall progress in the transition to renewable energy? Plus, hybrid and electric vehicle sales ramped up while overall consumer spending slowed down in Q3.
29/11/202329 minutes 2 seconds
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Economic growth revised higher

Stocks close mixed; GDP revised to a 5.2% annual rate; corporate profits grow; consumers growing more price sensitive.
29/11/20231 minute 5 seconds
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U.S. economy grew faster than initially thought over the summer

GDP growth revised to 5.2%; Fed officials signal potential rate cuts; GM says strike cost $1 billion and new labor deal $9 billion.
29/11/20231 minute 19 seconds
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The Munger, the myth, the legend

Charlie Munger, business partner to Warren Buffett and vice chairman of Berkshire Hathaway, died on Tuesday at the age of 99. Today, we look back at the wisdom and humor of the Oracle of Omaha&#8217;s right-hand man. Plus, the U.S. economy grew faster than we thought, and China makes a bet on green energy. Also: a refresher on campaign finances rules.
29/11/20239 minutes 4 seconds
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One year on, how has ChatGPT changed the way we work?

It’ll be one year this week since ChatGPT was released to the public. While there was handwringing about waves of jobs being replaced by bots, that hasn&#8217;t quite happened. We&#8217;ll take a look at how human workers are using generative AI (or not). We&#8217;ll also hear why home prices in Detroit have surged and how a Supreme Court case could upend how the Securities and Exchange Commission does business.
29/11/20237 minutes 59 seconds
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Could Uber and London’s black cabs merge lanes?

From the BBC World Service: Over 10 years ago, Uber shook up the United Kingdom&#8217;s taxi scene. Now, the company says it will open up its platform to London&#8217;s black cabs early next year. Plus, 41 Indian construction workers have been rescued from a collapsed tunnel in the Himalayas after being stuck for 17 days. Then, China is positioning itself to dominate the global supply of green technology.
29/11/20239 minutes 41 seconds
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The bust after the boom hits the video game business

This week, TikTok parent ByteDance said it&#8217;s retreating from mainstream video games altogether. Earlier this year, Epic Games, the maker of Fortnite, a game that has had more than 400 million &#8220;unique registered users&#8221; since its 2017 launch, announced hundreds of layoffs as well. They&#8217;re just some examples of the wave of layoffs hitting game companies around the globe. Marketplace&#8217;s Lily Jamali spoke with Los Angeles Times reporter Sarah Parvini, who covers the video game sector. In a piece just last week, she wrote that the industry is deep in downsizing mode.
29/11/20239 minutes 51 seconds
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The circular economy and closing our resource loop

Americans consume a lot of stuff and in turn produce a lot of waste. The average American generated 46 pounds of just e-waste in 2019. But what if there was a way to design an economy that&#8217;s less wasteful and more environmentally friendly? On the show today, Callie Babbitt, professor of sustainability at Rochester Institute of Technology, breaks down the circular economy, its role in fighting climate change and the challenges that lie ahead in public policy and manufacturing if we hope to achieve circularity. We&#8217;ll also hear from a listener with a smart hack for airport pickups during the holidays, and our beloved intern answers the Make Me Smart question. Here&#8217;s everything we talked about: <!-- wp:list-it
29/11/202322 minutes 27 seconds
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Are we there yet? How about now?

We&#8217;ve been talking about making an economic &#8220;soft landing&#8221; for over a year — but how will the Federal Reserve know we&#8217;re there? In this episode, Chicago Fed President Austan Goolsbee tells us what indicators he looks at to gauge inflation trends and why cooling the economy is sorta like cooking a turkey. Plus, we&#8217;ll answer some business world questions: How is the chemicals sector doing after a pandemic boom? Why are corporate profits trending down? What does a board of directors do?
28/11/202328 minutes 50 seconds
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Consumer confidence rises in November

Stocks close higher; consumers lower inflation expectations; home prices rise; U.S. dollar’s relative value falls.
28/11/20231 minute 5 seconds
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Could interest rates decline soon?

Deutsche Bank is predicting interest rate cuts due to a mild recession in 2024; consumer confidence improves despite recession expectations; home prices rose 4.1% in September, national index shows; memoirs by Prince Harry, Britney Spears among top sellers on Apple Books.
28/11/20231 minute 5 seconds
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Need is up at food banks this holiday season

The weeks around Thanksgiving and Christmas are often some of the busiest times of the year for food banks. And demand is up this year, as holiday expenses compound the stress that inflation and the end of pandemic-related federal benefits have placed on household budgets. Also on the program: a fast fashion IPO and a first for sustainable aviation.
28/11/20238 minutes 29 seconds
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The hottest new concert venue near you might just be a movie theater

If you couldn’t make it to some of the biggest concerts of the year, no problem. Beyoncé’s Renaissance film comes out this Friday, which follows Taylor Swift&#8217;s highly popular Eras Tour film. The flicks provide another boost to the artists but also give movie theaters the chance to profit off of ticket sales and themed food or merchandise. Also: hopes for Giving Tuesday and a preview of holiday toy sales.
28/11/20237 minutes 2 seconds
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A flight powered by cooking oil takes to the skies

From the BBC World Service: The first transatlantic flight powered only by what&#8217;s being called &#8220;sustainable aviation fuel&#8221; is due to take off from London today. Plus, a Swedish court has ruled that the country&#8217;s transport authority has to find a way to get license plates to Tesla, because postal workers are on strike. Then, TikTok&#8217;s owner ByteDance says it&#8217;s downsizing its gaming division.
28/11/20237 minutes 35 seconds
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Being an influencer sounds great, but is it really that glamorous?

From being your own boss to doing work you actually like, the perks of influencer life have drawn in plenty of creators to an industry valued at $250 billion. Take Sid Raskind, whose goofy lifehacks have earned him millions of followers on TikTok and Instagram. Still, Yanely Espinal, host of the podcast “Financially Inclined,&#8221; told Marketplace&#8217;s Lily Jamali that younger would-be creators should understand what it takes to make it.
28/11/202310 minutes 33 seconds
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OpenAI’s “breakthrough”

After being banned from talking about artificial intelligence at Thanksgiving, guest host Matt Levin is eager to chime in on the ongoing Sam Altman controversy and news about a powerful artificial intelligence development at OpenAI. Plus, tech tycoons are behaving more and more like foreign dignitaries. And: Doritos&#8217; new crunch-cancellation technology. Here&#8217;s everything we talked about: &#8220;Unpacking the hype around OpenAI’s rumored new Q* model&#8221; from MIT Technology Review </li
28/11/202315 minutes 23 seconds
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Global trade may be back on track

After a yearlong slump, the World Trade Organization said the volume of global trade in goods is set to rebound in the coming year. Leading the charge will be auto parts and electronic components, the WTO said, particularly because demand for electric vehicles is high. In this episode, what it&#8217;ll take for global trade to return to pre-pandemic levels. Plus, retailers need those holiday discounts to draw customers, utility companies test out geothermal networks and newly built homes drive the homebuying market.
27/11/202330 minutes 28 seconds
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New home sales dip in October

Stocks fall; new home sales grabbing larger share of overall market; global trade volume could pick up; Black Friday spending rises.
27/11/20231 minute 20 seconds
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Black Friday shoppers are spending cautiously

Black Friday sales rose less than inflation, while Cyber Monday is expected to turbocharge sales period; Biden directs investment in more domestic drug production; new home sales declined 5.6% in October.
27/11/20231 minute 20 seconds
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A “breakthrough” in AI safety guidelines

Many of the world&#8217;s biggest economies have agreed to non-binding safety standards for artificial intelligence. While the joint guidelines address cybersecurity, they don&#8217;t extend to key issues like economic disruptions or potential threats to humanity. We dig into what this means as governments struggle to keep up with the pace of AI development. Plus, nothing like a U.N. climate summit for pitching expanded oil and gas deals.
27/11/20238 minutes 6 seconds
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What to watch for at COP28

The United Nations&#8217; annual climate summit, COP28, will kick off in Dubai later this week. Government and private-sector leaders will convene to outline steps to curb emissions and limit the impacts of global warming. What are some of the things we&#8217;ll be looking for? But first, we&#8217;ll unpack Black Friday sales and give a preview of Cyber Monday spending. Also: more problems in China&#8217;s rocky financial sector.
27/11/20237 minutes 16 seconds
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UAE planned to use climate talks to strike oil deals

From the BBC World Service: Leaked documents obtained by the BBC suggest that the United Arab Emirates has been using its role as host of COP28 as an opportunity to strike oil and gas agreements. Then, Chinese officials have launched an investigation into one of the country&#8217;s biggest shadow banks. Plus, analysts say Zimbabwe has become the world&#8217;s leading blueberry exporter.
27/11/20237 minutes 3 seconds
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Menopause technology could finally be having its moment

Despite half the world&#8217;s population being female, there are still few technologies on the market to help manage the symptoms of menopause. Why is there a reluctance to invest in &#8220;menotech,&#8221; and is that changing? The BBC&#8217;s Elizabeth Hotson looked into the menotech products on the market and how the industry is evolving.
27/11/20234 minutes 56 seconds
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Shoppers love easy returns. But retailers aren’t sold on ’em.

Americans will drop $37 billion online this long holiday shopping weekend, according to Adobe Analytics. A lot of those consumers are counting on free, easy returns if their items don&#8217;t work out, but retailers are unhappy with how much that process costs. In this Black Friday episode, whether stores will ever shrink that return window or go back to charging you for changing your mind. Plus, noisy workplaces, the cookie decoration business and Queen Nefertiti, the original beauty influencer.
24/11/202327 minutes 23 seconds
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Some housing hope courtesy of new homes

Earlier this month, the Commerce Department reported that construction of single-family homes was up 13% from October of last year. All that new construction is supporting both the housing market and generating business for the home construction supply chain. We take a closer look. Plus, consumers continue splurging on experiences and a relatively narrow strike in Sweden against Tesla has spread to multiple industries.
24/11/20237 minutes 4 seconds
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How different generations are spending this holiday season

More than 180 million people are expected to shop either in store or online this holiday weekend, according to the National Retail Federation. While nearly everyone regardless of age is likely to experience sticker shock, we&#8217;ll preview where older adults and younger generations are most likely to splurge. And later, we&#8217;ll take a closer examination at Saudi Arabia&#8217;s investment in soccer.
24/11/20237 minutes 54 seconds
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Strikes in Sweden against Tesla are “insane,” Elon Musk says

From the BBC World Service: Several trade unions in Sweden are striking against Tesla over the company&#8217;s refusal to sign a collective agreement on pay and conditions for its staff. Other unions are supporting the strike, including the Union of Service and Communication Employees, stopping postal and delivery services to Tesla. In Europe and the United Kingdom, unions and activists are taking action against Amazon, aiming to use strikes to prevent merchandise from reaching Amazon parcel lockers on Black Friday. Then, with Saudi Arabia the likely host of the World Cup in 2034, we look at the country’s relationship with soccer. &nbsp;
24/11/20237 minutes 6 seconds
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What venture capital is thinking after a week of high drama and shakeups in tech

This week, the shakeups and confusion at OpenAI have come to a conclusion. Sam Altman returns to his position as CEO at OpenAI after its board fired him, which upset most of the company&#8217;s staff as well as others invested in OpenAI’s work in the generative artificial intelligence sector. Plus, Ryan Vogt resigned as CEO of the driverless tech startup Cruise, following a series of traffic collisions and accidents. On top of all that, Changpeng Zhao, the founder of cryptocurrency exchange Binance, pleaded guilty to money laundering violations. What do venture capitalists think about all these disruptions and where will their money go now? Marketplace’s Lily Jamali is joined by Jewel Burks Solomon, managing partner at Collab Capital, for her take on those stories.
24/11/202314 minutes 21 seconds
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It’s all about that holiday spending

It&#8217;s not just you: The holiday shopping season really did start sooner this year. Retailers are competing for consumer dollars with sales and discounts, early and often. Plus, tomorrow is one of retailers&#8217; favorite holidays: Black Friday. But the lines between in-store and online shopping are blurring. Later, we hear about post-breakup splurges and healthier habits for night shift workers.
23/11/202327 minutes 49 seconds
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Barriers for Indigenous workers in tech start early

A recent report finds that Native people in tech are underrepresented in the high-paying sector. Just 20% of high schools on reservations offer computer science courses, the research finds. What can be done to close that gap? Plus, European beekeepers try to defend against an invasion of Asian hornets.
23/11/20237 minutes 29 seconds
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What’s going on at the FDIC?

The chair of the FDIC was grilled during Congressional hearings last week following reports by the Wall Street Journal on allegations of sexual harassment and racial discrimination at the agency. We&#8217;ll dig into the responses to and potential consequences of the alleged toxic culture. Plus, we hear what&#8217;s being discussed in earnings calls and learn how Ukrainian women are stepping up to fill traditionally male industries.
23/11/20238 minutes 42 seconds
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Is the Netherlands heading for Nexit?

From the BBC World Service: In the Netherlands, far-right politician and EU critic Geert Wilders has claimed a shock election victory; immigration and the economy were major factors. Also on the program: Asian hornets are spreading fast across Europe, where the insects are threatening the production of honey and fruit crops. Then, following Russia&#8217;s invasion, millions of Ukrainian women have taken on new roles that were previously done by men, including mining.
23/11/20236 minutes 57 seconds
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Older video games are in danger of going extinct (rerun)

For the most part, it&#8217;s not too hard to get access to movies from the last decade or even the last century. But if you want to experience a video game from before, say, the ancient era of 2010? Good luck. A new report from the Video Game History Foundation and the Software Preservation Network finds that 87% of those older games are &#8220;critically endangered.&#8221; They&#8217;re not commercially available to the public unless fans have dozens of different old systems to play them on or travel to an archive in person and play them there. In other words, the roots of this hugely influential artistic and cultural medium are in danger of being lost. Marketplace&#8217;s Meghan McCarty Carino spoke with Phil Salvador, library director for the Video Game History Foundation, about the report.
23/11/202310 minutes 45 seconds
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Who wants to work in Congress anymore?

This month, at least 12 members of Congress have announced they won&#8217;t seek reelection at the end of their terms. We&#8217;ll get into the record number of retirements and why the job might not be worth the trouble. Then, we&#8217;ll discuss how OpenAI&#8217;s leadership turmoil might be a turning point for the artificial intelligence industry. Plus, a St. Louis football team’s failed attempt to become a Thanksgiving game day staple. Here&#8217;s everything we talked about today: &#8220;Larry Summers Is OpenAI’s Surprise Pick to Mend Fences&#8221; from The Wall Street Journal <p
23/11/202313 minutes
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Grocery prices are a little less stuffed this Thanksgiving

The Farm Bureau says Thanksgiving meals will cost a bit less than they did in 2022. But everyone experiences the economy differently. So we talked to last-minute grocery shoppers in Houston about the prices of holiday essentials, from turkey wings to mac and cheese ingredients. Also in this episode: Google makes a business out of CAPTCHA puzzle data, the FCC wants to ban cable cord-cutting fees and OPEC+ delays a key meeting.
22/11/202328 minutes 2 seconds
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Durable goods orders unchanged

Stocks rise; durable goods orders unchanged; mortgage rates fall; unemployment claims tick down.
22/11/20231 minute 20 seconds
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What’s next for OpenAI?

Altman to return as CEO as board is reshuffled; online holiday shopping off to strong start, Adobe Analytics says; initial jobless claims fall to 209,000; CEO Zhao pleads guilty as U.S. fines Binance $4.3 billion for violating sanctions, anti-money laundering laws.
22/11/20231 minute 5 seconds
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More Americans dip into retirement funds for emergencies

Fidelity Investments reports that workers taking out a so-called “hardship withdrawal” from their retirement accounts — one used to cover emergency expenses — ticked up in the third quarter. Thing is, those who make those withdrawal are the ones most likely to need the cash in their older years. We explore the consequences. Plus, what durable goods orders can reveal about the economy and how kimchi grew to be a global phenomenon.
22/11/20238 minutes 19 seconds
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Why an Andy Warhol sculpture bombed at auction

Last week, an Andy Warhol piece up called Bomb — literally a silver-painted bomb — failed to sell because its reserve wasn&#8217;t met. Why couldn&#8217;t it fetch a higher price? We&#8217;ll discuss and take a closer look at the high-end art world. Also, OpenAI exemplifies what can happen when employees threaten to quit en masse, and a major settlement shakes up crypto exchange Binance.
22/11/20237 minutes 27 seconds
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Sam Altman returns to OpenAI

From the BBC World Service: The drama continues at artificial intelligence business OpenAI, where co-founder Sam Altman is set to return as boss just days after he was fired by the board. And, in the Netherlands we hear voters&#8217; concerns about inflation as they head to the polls. Meanwhile, South Korea’s traditional cabbage-based dish, kimchi, is finding favor beyond Asia. We take a look at the growing global market.
22/11/20237 minutes 4 seconds
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Kids prep for YouTube careers at content creator camp

Do you remember what your dream job was as a kid? We’re guessing that “YouTuber” was not on the list. Well, turns out vlogger/YouTuber was the top career choice for almost 30% of 8-to-12-year-olds who were surveyed a few years back. And across the country, camps and afterschool programs are cropping up to teach them how. Marketplace&#8217;s Lily Jamali spoke with Washington Post columnist Taylor Lorenz, who visited a content creator camp in Texas, where children edit video, write scripts and, generally, get a head start on becoming internet pros.
22/11/20239 minutes 13 seconds
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The origins of America’s consumer-driven economy

The holiday shopping season kicks off this week with Black Friday, and American shoppers are expected to spend a record amount, particularly in online sales. Consumer spending keeps the U.S. economy humming, making up 70% of the country&#8217;s gross domestic product. But it wasn&#8217;t always this way. On the show today, Cornell economic historian Louis Hyman gives us a history lesson on how the American economy became dependent on the consumer, why that change has created serious environmental consequences, and whether there are alternatives to the consumer-driven economy we know today. Plus, what it all has to do with the Salem witch trials. Then, a
22/11/202322 minutes 10 seconds
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Happy birthday, ChatGPT!

Next week marks one year since ChatGPT debuted, kicking off a surge in generative artificial intelligence products. In just a year, AI has gone from a futuristic concept to a tool tons of companies have incorporated into their workflows. In this episode, the growth in AI use and why some people still don&#8217;t trust it. Plus, homebuyers are getting older, migrants who lack work permits are desperate to find jobs and more Americans are pulling cash out of their retirement accounts.
21/11/202326 minutes 50 seconds
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Existing home sales fall in October

Stocks fall; housing demand outweighs inventory; Fed will watch data over the coming months; economic risks persist.
21/11/20231 minute 19 seconds
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The forecast calls for … more changing forecasts

The Index of Leading Economic Indicators is supposed to give insight into where the economy’s headed. It&#8217;s been pointing to a recession for 19 months, but that economic slowdown has yet to materialize. So what are economists predicting now? We&#8217;ll also hear about the slim possibility of airline strikes. And later: Polish drivers blockade trucks at the Ukrainian border.
21/11/20238 minutes 20 seconds
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Travel during the Thanksgiving holiday could set a new record

Millions are expected at airports and tens of millions on the roads; X sues Media Matters over ad report; Moderna mRNA patent invalid, European agency rules; Las Vegas hospitality workers approve deal with one of big three casino operators.
21/11/20231 minute 19 seconds
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X sues Media Matters over antisemitism report

Elon Musk&#8217;s social media platform X, formerly known as Twitter, has filed a lawsuit against nonprofit Media Matters after it released an analysis showing that ads on the platform appeared next to antisemitic content. Media Matters&#8217; report prompted some companies to pull advertising. We dig in. Then, from Marketplace Morning Report&#8217;s &#8220;Skin in the Game&#8221; series, up-and-coming video game developers share their dream jobs.
21/11/20237 minutes 18 seconds
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Is fashion waste making Cambodian workers sick?

From the BBC World Service: A human rights group in Cambodia says that clothing waste from big brands like Adidas, Walmart and others are being burnt as cheap fuel in factories making bricks. Plus, a look at why China has particular concern for Zambia&#8217;s debt restructuring plan.
21/11/20237 minutes 48 seconds
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Why OpenAI’s board fired CEO Sam Altman

It&#8217;s been a chaotic few days for the folks at OpenAI, including now-former CEO Sam Altman. To recap, on Friday the company&#8217;s board announced it had let Altman go, citing a lack of confidence in his &#8220;ability to continue leading OpenAI.&#8221; Several staff members then resigned and hundreds of others threatened to do the same if Altman wasn&#8217;t reinstated as CEO. That option is pretty much moot now that Microsoft — a major OpenAI investor — has hired Altman to lead a new AI research team along with former President Greg Brockman, who resigned in solidarity. Marketplace&#8217;s Lily Jamali spoke with Reed Albergotti, tech editor at Semafor, about what the dramatic ouster was really all about.
21/11/202314 minutes 47 seconds
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From our friends at “Financially Inclined”: How to save money

Saving money might sound like a chore, but Yanely Espinal and Berna Anat are here to remind you that saving money can help you afford more of what you want, and you can have fun along the way! &nbsp; Think you’re financially inclined? Check out the savings tips below: A comparison of high-yield savings accounts from NerdWallet Here are some free savings trackers you can print Look at these different savings apps reviewed by Bankrate You ca
21/11/202321 minutes 29 seconds
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The rise of stay-or-pay hiring

In this tight labor market, a growing number of companies are trying to discourage workers from quitting by charging them. Stay or pay clauses are becoming a thing in more workplaces. We&#8217;ll talk about who really bears the cost of calling it quits. Plus, how Federal Reserve economists are taking a page from journalists. And Snoop Dogg, the master marketer! Here&#8217;s everything we talked about: &#8220;Federal Reserve Seeks Anecdotes Over Economic Data for Uncertain Outlook&#8221; from Bloomberg
21/11/202312 minutes 21 seconds
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What’s next for the artificial intelligence industry?

OpenAI, the company behind ChatGPT, ousted its CEO Sam Altman last week. Chaos ensued. Now, although Altman has already scored a job at Microsoft, most of OpenAI&#8217;s employees are threatening to quit if he isn&#8217;t reinstated. In this episode, we&#8217;ll talk about what could be next, from an employment shakeup to more regulations. Plus, SNAP approval in some states takes months, Argentina&#8217;s president-elect wants to swap the peso for the U.S. dollar, and applications to borrow money are down.
20/11/202329 minutes 48 seconds
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Leading economic indicators index falls

Stocks rise; The Conference Board expects brief recession early next year; loan application rates fall; mortgage rejection rates lower than last year.
20/11/20231 minute 20 seconds
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A shakeup at the home of ChatGPT

The interim CEO is promising an investigation over previous CEO’s firing; GM Cruise CEO resigns after safety pause; parcel carriers have enough capacity for holiday shipping, analytics firm says; SpaceX spacecraft fails in second test.
20/11/20231 minute 19 seconds
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On that other part of the Federal Reserve’s job

A key priority of the Federal Reserve is to stabilize prices, which it&#8217;s trying to do by raising interest rates. But the Fed is also tasked with maximizing employment, and economists met at the Boston Federal Reserve this weekend to discuss just that. Then, we chat about the cost of a Thanksgiving meal and hear how minors in the U.K. are able to illicitly work for food delivery apps.
20/11/20237 minutes 30 seconds
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Can parents stomach higher child care costs?

The deadline for child care providers to spend over $37 billion in federal pandemic-era subsidies is more than a month behind us. Now that the money’s gone, providers are trying to make up the difference and some are contemplating upping prices. But parents are already being squeezed. Also: a hectic weekend for former ChatGPT CEO Sam Altman and a boost to local economies courtesy of outdoor recreation enthusiasts.
20/11/20237 minutes 43 seconds
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Will Milei’s radical policies cure Argentina’s economic malaise?

From the BBC World Service: Argentina has a chosen a new president — the libertarian Javier Milei, who has some radical ideas about how to tame hyperinflation, such as dollarization. We take a look at how those plans might work. Plus, how many delivery riders are underage? A BBC investigation has found a black market trade in delivery app accounts in the United Kingdom that allows children to sign up.
20/11/20237 minutes 43 seconds
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How is crypto doing in a post-Sam Bankman-Fried world?

By now you&#8217;ve heard that the trial of Sam Bankman-Fried is over. What was the verdict for the founder of the bankrupt cryptocurrency exchange FTX? Guilty on all seven charges, including fraud, money laundering and campaign finance law violations. Bankman-Fried will be sentenced in the spring. So how is the world of bitcoin and the blockchain faring now that it&#8217;s most famous ambassador will likely end up behind bars? Marketplace&#8217;s Matt Levin spoke with Laura Shin, a journalist who covers crypto and host of the podcast &#8220;Unchained,&#8221; about how people in the cryptocurrency world have been reacting to the SBF trial and what crypto enthusiasts are choosing to focus on next.
20/11/202310 minutes 43 seconds
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Grief and work in the time of war

Since Oct. 7, Palestinian and Jewish Americans have been navigating work while enduring anxiety and heartache as the Israel-Hamas War plays out. We&#8217;ll discuss the pressure to perform professionally as the conflict continues. And there&#8217;s some hopeful climate news out of Portugal: The country ran on 100% renewable energy for six days. Plus, we&#8217;re settling the debate on the least-liked Thanksgiving side dish in a round of Half Full/Half Empty. Here&#8217;s everything we talked about: &#8220;If Gaza were in your city, how much would be destroyed? | Israel-Palestine conflict News&#8221; fr
18/11/202323 minutes 32 seconds
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Capitol Hill doesn’t love this crop insurance program. Some farmers say they need it.

There is a provision in the newly passed farm bill extension has enemies across the political spectrum: the Federal Crop Insurance Program. Left-leaning groups believe it doesn&#8217;t reach a breadth of farmers, and conservative ones think it encourages unnecessary risk. But some farmers rely on the program and say without it, food prices would skyrocket. Also in this episode, Apple plans to make it easier for iPhone and Android users to connect, and Utah is on top when it comes to labor force participation.
18/11/202329 minutes
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Housing starts rise in October

Stocks rise; apartment buildings push up housing starts; Apple will change the way iPhone users message with Android phone users; employers’ medical costs may rise next year.
17/11/20231 minute 5 seconds
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Company health plan costs to rise on weight loss treatments

New diabetes drugs that aid in weight loss are ballooning employers’ health costs, report finds; new home construction rose 2% in October; UAW members are in favor of contract deals with Detroit’s Big Three; IBM suspends ads on X after report of antisemitic, pro-Nazi content.
17/11/20231 minute 20 seconds
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A view of APEC from overseas

The Asia-Pacific Economic Cooperation summit, or APEC, concluded this week with a major focus on the meeting between President Joe Biden and China&#8217;s President Xi Jinping. We&#8217;ll dig into how the meeting received by Chinese news outlets and hear how Japan tried to manage its fraught relationship with China. Then, we&#8217;ll take a look at holiday shopping and tribal leader policy priorities.
17/11/20238 minutes 53 seconds
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With a shutdown averted, what’s next for aid for Ukraine and Israel?

On Thursday night, President Joe Biden signed a bill to temporarily avoid a government shutdown. But the stopgap measure basically pushed some more controversial items — including Biden&#8217;s request for more funding for Ukraine and Israel — down the road. What might some potential paths ahead be? And later, we examine how settlers abused financial guardianship in the Osage Nation.
17/11/20236 minutes 30 seconds
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Economy looms large over Argentina’s presidential run-off

From the BBC World Service: Argentina will choose a leader on Sunday, so what economic factors will be on voters&#8217; minds? Also, an executive of U.K.-based Stability AI quits over concerns about using copyrighted works without consent. And as shoplifting rises globally, the boss of a store chain in Wales talks about the impact thefts have on the business.
17/11/20237 minutes 18 seconds
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Google and Apple’s complicated relationship, and Meta’s chance to return to China

On today&#8217;s Tech Bytes, our review of the week&#8217;s biggest headlines, Meta strikes a preliminary deal with Chinese videogame maker Tencent, giving the company a chance to return to China 14 years after Facebook was banned there. We also talk about the ransomware attack on a major Chinese bank, and how the Biden administration thinks American companies should respond to cyber extortion. But first, a look at the recent revelations about Google and Apple&#8217;s complicated relationship. Earlier in its federal antitrust trial, Google said it paid Apple $18 billion a year to be the default search engine on iPhone web browsers. The government said that&#8217;s $18 billion worth of evidence of anticompetitive behavior. This week, a witness for Google accidentally disclosed the company was sharing 36% of ad revenue it made from Safari browser searches with Apple. Whoops! Marketplace’s Matt Levin is joined by Anita Ramaswamy, columnist at Reuters Breakingviews,
17/11/202315 minutes 23 seconds
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The governing work that remains to be done

It&#8217;s been a wild week on Capitol Hill. GOP Sen. Markwayne Mullin of Oklahoma and Teamsters union President Sean O’Brien almost came to blows in a Senate hearing. And Republicans averted a government shutdown, but only to push the deadline to next year. We&#8217;ll dig into the historically low congressional productivity amid a growing mountain of work. And we&#8217;ll hear President Joe Biden&#8217;s remarks about meeting with Chinese leader Xi Jinping. Plus, a look at YouTube&#8217;s AI musical experiment. Here&#8217;s everything we talked about: &#8220;GOP senator challenges Teamsters president to fight during hearing&#8221; fr
17/11/202313 minutes 39 seconds
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The calm after the employment storm

At last, the labor market is showing signs that it&#8217;s finding a happy medium: New unemployment claims are inching up while overall unemployment is still at a historic low. While this isn&#8217;t the gangbusters labor market of summer 2022, it&#8217;s also not the COVID shutdown, with sky-high furloughs and layoffs. In this episode, why slowed hiring is a good sign. Also, retail stories, big and small: big-box stores cut costs where they can, street vendors scrape by and Toyota sticks to hybrids.
16/11/202327 minutes 35 seconds
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Walmart sales rise

Stocks close mixed; grocery, Walmart says pharmacy sales rise; import prices fall in October; homebuilder confidence could pick up.
16/11/20231 minute 20 seconds
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Congress averts government shutdown and creates two new deadlines

The Senate approved a Republican plan to temporarily extend government funding; Walmart reports $450 million profit in third quarter; unemployment benefit claims inch up to 231,000; Biden, Xi summit produces crackdown on Chinese chemical companies providing fentanyl precursors.
16/11/20231 minute 5 seconds
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The plan to make USPS profitable isn’t going well

2023 was the year that the the United States Postal Service was supposed to break even, per Postmaster Louis DeJoy’s austerity plan. But this week, USPS announced a $6.5 billion net loss for the last fiscal year. We take a closer look. Plus, checking in on U.S.-China tariffs and examining the specialized supply chain needed to move avocados.
16/11/20237 minutes 12 seconds
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Making it easier for veterans to transition to civilian jobs

Veterans often develop a unique slate of skills when serving in the armed forces, but private-sector employers sometimes fail to recognize those abilities. At a time when many companies are still struggling to hire up, how can we more successfully match veterans&#8217; talents with civilian opportunities? Also: tackling discrimination in internet access and recapping the Biden-Xi talks.
16/11/20236 minutes 57 seconds
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Clamping down on Russia’s diamond trade

From the BBC World Service: Russia is the world’s largest producer of rough diamonds, and despite all the sanctions imposed after the invasion of Ukraine last year, diamonds are one of the few major exports still untouched. But that&#8217;s about to change. Plus, Taiwan is at the heart of the world’s semiconductor trade, but as tensions with China persist, is it viable to have so much production in one place?
16/11/20238 minutes 52 seconds
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When work communication tools distract from the actual work

The soundtrack to the modern workplace sounds a lot like a cacophony of familiar pings and notification sounds from digital communication tools like email, Slack, Zoom and Teams &#8211; all of which are supposed to make us more productive. But all too often they can feel overwhelming, interfering with, you know, actual work. On this episode of Marketplace Tech, Matt Levin speaks with &#8220;Marketplace&#8221; reporter Kristin Schwab about how a small business owner in Nevada who was struggling to keep up with all those pings, dealt with her situation and shares a few tips on how to not get overwhelmed by all those notifications.
16/11/20237 minutes 58 seconds
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What would a Starlink IPO mean for Elon Musk’s geopolitical clout?

Elon Musk today disputed claims that an initial public offering is in the works for his satellite business Starlink, an offshoot of SpaceX. But hypothetically speaking, would more eyes on Starlink following an IPO change the way Elon Musk operates on the global stage? And, an influential liberal super PAC is ditching TV ads. We&#8217;ll get into what that tells us about political campaigning in the modern age. Plus, let the holiday party invites start flowing! Here&#8217;s everything we talked about today: &#8220;Elon Musk d
16/11/202317 minutes 6 seconds
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Milton Friedman’s impact

Like it or not, economist Milton Friedman had lots of ideas that still affect economic policy and programs. In her new book, “Milton Friedman: The Last Conservative,&#8221; Jennifer Burns writes about Friedman’s complicated position as a contrarian among economists of his time and as an adviser to members of the Republican Party. We&#8217;ll hear from her about Friedman’s life and economic beliefs. Also in this episode: international student enrollment and discretionary spending.
15/11/202329 minutes 48 seconds
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Retail sales fell in October

Stocks rise; retail sales fall for the first time in seven months; Target sales dip while profits rise; producer prices fall.
15/11/20231 minute 5 seconds
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WIC funding could be jeopardized by budget showdown

The House of Representatives has passed a stopgap spending measure to avoid a government shutdown. Now, it&#8217;s up to the Senate. But the bill lacks some major funding provisions, including for WIC — a federal food assistance program for women and children that has seen soaring enrollment in the past year as food prices have climbed. Also: wholesale prices, sports viewership and the U.S.-China semiconductor trade dispute.
15/11/20238 minutes 24 seconds
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Key measures suggest prices are headed lower

Producer prices fall by the most in three years; retail sales pull back in October; Target forecasts muted holiday shopping; Tesla can ban union shirts, appeals court rules.
15/11/20231 minute 19 seconds
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White Christmases are nice. Retailers would prefer a green one.

We&#8217;ll be getting some clues about how this year&#8217;s holiday shopping season will pan out, with big retailers like Target, Walmart and Macy&#8217;s slated to released quarterly results today and tomorrow. What can we expect from holiday consumer spending? Then, we hear about the latest season of Marketplace&#8217;s climate solutions podcast, &#8220;How We Survive,&#8221; which digs into what happens when water becomes unaffordable.
15/11/20237 minutes 12 seconds
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China’s Xi Jinping and President Biden set for APEC summit meeting

From the BBC World Service: China&#8217;s president has arrived in California ahead of a face-to-face meeting with President Joe Biden, in an efforts to ease tensions over trade, technology and Taiwan. The pair will hold talks at the edge of the conference for Asia Pacific leaders. Plus, inflation in the United Kingdom drops to its lowest level in 2 years as energy costs fall.
15/11/20236 minutes 59 seconds
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The autonomous vehicle industry hits another roadblock

Back in August, the autonomous vehicle industry was riding high. Fast-forward three months, and the California DMV has suspended the robotaxi company Cruise from operating anywhere in the state. Federal regulators have also opened a probe into multiple incidents involving Cruise cars. Andrew Hawkins, transportation editor for The Verge, has reported on the long-awaited autonomous vehicle revolution for years. In an interview with Marketplace’s Matt Levin, he explained the trust issues and other potholes in Cruise&#8217;s path, starting with a grisly accident in San Francisco.
15/11/202311 minutes 16 seconds
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The moral conundrum of carbon credits

Many of the world’s largest companies are setting net-zero climate goals, and they’re using carbon credits to get there. That means they can keep producing carbon emissions as long as they pay for emissions to be reduced elsewhere. But do carbon credits actually incentivize companies to reduce their emissions? On the show today, Pedro Martins Barata, associate vice president for carbon markets at the Environmental Defense Fund, explains what carbon credits are and the ethical concerns with companies relying on them to meet net-zero emissions goals. Plus, what future regulation of carbon markets could look like. Then, we&#8217;ll unpack the good an
15/11/202331 minutes 34 seconds
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Climate change could heat up long-term inflation

Climate change may have us spending more on food, health care, home repairs and more, according to the Fifth National Climate Assessment, published by the federal government. The fact is, climate change is already impacting many aspects of our daily lives. In this episode, we&#8217;ll talk about how it&#8217;ll also impact our wallets. Plus, ESPN launches its sports betting platform, travel should be a little cheaper this holiday season and a leading U.S. port gets updated infrastructure.
14/11/202327 minutes 30 seconds
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Wall Street rallies on inflation

October’s CPI held steady; President Joe Biden and Xi Jinping prepare to meet; USPS reports large losses.
14/11/20231 minute 5 seconds
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Have dating apps lost their spark?

The dating app business isn’t doing so well these days. Stock prices for Bumble have slid since it&#8217;s gone public and the company recently announced a new CEO. In a market saturated with apps claiming to help users finding love, daters are feeling &#8220;swiped out.&#8221; Also on the program: a crackdown on fentanyl exports from China and a breakdown of today&#8217;s fresh inflation figures.
14/11/20236 minutes 17 seconds
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Consumer prices held steady in October

The Labor Department’s consumer price index showed no monthly change; energy prices to remain volatile, IEA forecasts; U.S., U.K. issue new economic sanctions targeting Hamas funding; Home Depot projects falling sales in 2023.
14/11/20231 minute 20 seconds
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Ralph Nader on a dozen CEOs who got it right

Consumer advocate and former presidential candidate Ralph Nader isn&#8217;t exactly known as a friend to corporations or their leaders. But in his latest book, Nader outlines lessons from CEOs who he believes have been forces for good. Today: a conversation with America’s consumer-advocate-in-chief. Also: What are the practical effects of a downgrade to the U.S. credit rating?
14/11/20236 minutes 15 seconds
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Nepal puts TikTok in a timeout

From the BBC World Service: Nepal&#8217;s government bans TikTok with immediate effect, saying the platform is bad for &#8220;social harmony.&#8221; Additionally, reports suggest India could lower import tariffs on electric vehicles after lobbying from Tesla. Also: What impact will the Michelin Guide&#8217;s expansion of its Turkey listings have on the country&#8217;s tourism sector?
14/11/20237 minutes 11 seconds
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What it takes for Mexican coders to cross the cultural border with Silicon Valley

Every tech company needs a good origin story. The startup garage, the dorm room and the hacker house are firmly embedded in American tech mythology. For hacker-entrepreneurs in Mexico, the border with the U.S. looms large. A subset of them hope to one day cross it and pitch their big idea to venture capitalists in Silicon Valley. One way there is to work the hackathon circuit in Mexico. That&#8217;s the subject of MIT anthropologist Héctor Beltrán&#8217;s new book “Code Work.&#8221; Beltrán details how coders gain currency in the field by participating in hackathons. Mexican politicians get something out of them too. The events are frequently sponsored by the government, with big promises of funding and support. But the prize, all too often, is a handshake and photo-op with a public official, and maybe a thank-you letter, but no real investment.
14/11/202313 minutes 19 seconds
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The $80 Million Acre (from “How We Survive”)

This week, we’re dropping into your feeds to tell you about another podcast we make here at Marketplace that we think Uncertain Hour listeners will like. It’s called “How We Survive.” And it’s about how people are navigating solutions to a changing climate. We’re excited to bring you the first episode of the new season. Buckeye, Arizona is a small city with dreams of becoming “the next Phoenix.” It’s one of the fastest growing cities in the country. In the past few decades, its population has ballooned more than 20-fold and the city plans to add more than 100,000 new homes in coming years. The only catch? Growth requires water. And Buckeye doesn’t have enough. So what’s a small city with big dreams to do? Part of the answer lies in one scrubby acre of land way out in the desert that’s owned by a group of investors who are banking on water scarcity.
14/11/202333 minutes 10 seconds
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Has the movie business reached peak superhero?

Marvel Studios&#8217; latest movie, &#8220;The Marvels,&#8221; had the franchise&#8217;s worst opening weekend. We&#8217;ll dig into whether superhero movies are a thing of the past and if theaters can get by without them. Then, another government shutdown may be around the corner. This time it could interfere with Thanksgiving travel plans. Plus, news you can use about online payment apps, and what would be your state&#8217;s signature cocktail? Here&#8217;s everything we talked about: &#8220;‘The Marvels’ Disappoints at Box Office, Showcasing Disney’s Studio Challenge&#8221; from The Wall Street Journ
14/11/202320 minutes 12 seconds
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Once again, a shutdown looms

Congress is facing yet another government shutdown deadline at the end of this week. If a deal isn&#8217;t reached by Friday at midnight, hundreds of thousands of federal workers will stop getting paid, which may have broader economic ramifications. In this episode, we look at what might happen in the event of a shutdown, from airports to the nation&#8217;s global reputation. Plus, a shift in how medical spending is calculated for the CPI, a monetary vs. fiscal policy refresher and a war over groundwater in the Southwest.
13/11/202329 minutes 40 seconds
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Homebuyers are getting wealthier

Stocks close mixed; low-income homebuyers edged out of market; fiscal policy expected to remain neutral over the next few years; Tyson Foods sales drop.
13/11/20231 minute 20 seconds
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U.S. credit rating could soon take another hit

Moody’s downgrades U.S. credit outlook to negative; Biden, China’s Xi to meet on sidelines of APEC; ExxonMobil to excavate lithium.
13/11/20231 minute 16 seconds
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Tentative contracts aren’t necessarily done deals

Both Hollywood actors represented by SAG-AFTRA and United Auto Workers union members have reached tentative agreements with employers in recent weeks, which still need to be voted on and ratified. But these votes are more than just a rubber stamp. We dig in. Also: U.S. President Joe Biden and Chinese President Xi Jinping are slated to meet this week. What&#8217;s at stake?
13/11/20238 minutes 58 seconds
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On the brink of a government shutdown … yet again

There&#8217;s no deal in sight yet to avert a government shutdown by the end of this week. We take a closer look at the status of plans that leaders in Congress are mulling and how this is affecting the U.S. credit rating and outlook. Then, we head to Los Angeles to hear from a striking hotel worker contending with the affordable housing crisis.
13/11/20237 minutes 49 seconds
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BMW looking into misconduct claims against Moroccan supplier

From the BBC World Service: German carmaker BMW says it is seeking clarity over allegations of labor and environmental violations made against a cobalt mine operator in Morocco, which supplies metals for electric car batteries. Plus, why haven&#8217;t Chinese tourists returned to Thailand in the numbers seen pre-pandemic?
13/11/20237 minutes 26 seconds
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After years of explosive growth, is China’s livestream shopping industry slowing down?

In just a few short years, shopping by livestream has become all the rage in China. Think QVC online and on steroids. Influencers, brands and retailers have swarmed apps like WeChat and Douyin — the Chinese version of TikTok — to hawk everything from makeup and clothes to cars and beef jerky.  Viola Zhou and Caiwei Chen, reporters at Rest of World, have been writing about this $500 billion market and how it&#8217;s changing in a stagnant Chinese economy.
13/11/202313 minutes 23 seconds
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Polarization, partisanship and threats to democracy

We&#8217;re discussing some heavy topics today, including threats to democracy from Republican presidential front-runner Donald Trump, and traditional Republicans bowing out of reelection as the party heads further to the right. Then, we&#8217;ll reflect on how we should honor our veterans. Later, we&#8217;ll weigh in on an Elon Musk biopic and a global Starbuck expansion in a game of Half Full/Half Empty. Here&#8217;s everything we talked about: <a href="
11/11/202334 minutes 24 seconds
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Consumers are feeling Scrooge-y about the economy. Will they spend less for the holidays?

Consumer sentiment just dropped to a new six-month low, according to the University of Michigan&#8217;s consumer survey. But in this post-2020 world, how folks feel about the economy doesn&#8217;t always line up with how they spend. In this episode, we&#8217;ll dig into that disconnect and how it might affect holiday retail outcomes. Plus, the farm bill expires soon, community college students have trouble transferring credits to four-year institutions and not even the Federal Reserve knows exactly why long-term bond yields are so high.
10/11/202327 minutes 40 seconds
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Consumer sentiment falls in November

Stocks rise; people raise inflation expectations; President Biden to meet with China’s president Xi Jinping on Wednesday; Treasury Secretary Janet Yellen meets with Chinese leadership.
10/11/20231 minute 5 seconds
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Stocks open higher

Wall Street ended in the red yesterday after comments from Federal Reserve Chair Jerome Powell; President Joe Biden will meet with Chinese President Xi Jinping next week; the Asia-Pacific Economic Cooperation summit starts tomorrow.
10/11/20231 minute 20 seconds
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A surprising number of veterans go uninsured

A new report from the Urban Institute finds that hundreds of thousands of younger veterans are uninsured. One of the solutions it outlines is expanded Medicaid, which all but 10 states have already done. Plus, the story of terror portrayed in &#8220;Killers of the Flower Moon&#8221; takes place in the 1920s and &#8217;30s. But what happened after? We hear about the Osage Nation&#8217;s developments in government, language preservation and land acquisition.
10/11/20238 minutes 27 seconds
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An end to movie theaters’ supply chain woes?

Many in Hollywood breathed a sigh of relief this week when SAG-AFTRA reached a tentative contract agreement with major studios. But though movie theaters are hungry for content, the impact of the actors strike may linger well into next year. Plus, what will the approval of weight loss drugs mean for health care costs? And later, we hear from an entrepreneur who made vintage arcade games his career.
10/11/20237 minutes 45 seconds
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Meta clamps down on AI in political ads

From the BBC World Service: Meta, the company that owns Facebook and Instagram, is stopping political campaigns from using its generative AI advertising products. The move aims at tackling misinformation and deepfake videos. Then, Diwali — the Hindu festival of lights — takes place on Sunday. But as people battle higher living costs and air pollution, will the celebrations be a bit dimmer this year? Additionally, JKN Group — the Thai owner of the Miss Universe beauty pageant — has filed for bankruptcy.
10/11/20237 minutes 25 seconds
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WeWork files for bankruptcy, Meta’s plan for election-related AI and ad blockers get blocked

It’s Friday! Which means it&#8217;s time for our week-in-review show: Marketplace Tech Bytes. Meta announced this week that starting in 2024, Facebook and Instagram will start labeling political ads that use images generated by AI. But no&#8230; it&#8217;s hardly an AI crackdown. Plus, YouTube goes to war with ad blockers. A spate of uninstalls ensues! But first, WeWork, the co-working space provider, files for bankruptcy. What happened? And what&#8217;s next for the one-time golden child of Silicon Valley? Marketplace’s Lily Jamali is joined by Paresh Dave, senior writer at Wired, for his take on these stories.
10/11/202313 minutes 4 seconds
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Actors and studios strike a (tentative) deal

After 118 days, the SAG-AFTRA strike appears to have come to an end, marking a historic win for actors. We&#8217;ll hear from the union&#8217;s president, Fran Drescher, about her delight with the new deal. Also, what Fed chief Jay Powell&#8217;s recurring message on interest rates says about economic belief versus reality. Plus, it&#8217;s the beginning of the end for panda diplomacy, as D.C. bids farewell to its cuddly friends. Here&#8217;s everything we talked about: &#8220;Powell Closes The F&#8212;&#8212; Door On Early Rate Cut Hopes: Stocks, Bonds Tumble While Dollar Rallies&#8221; from Business Insider
10/11/202312 minutes 25 seconds
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More Americans than ever are enrolled in ACA coverage

More than 16 million people signed up for health care coverage last year through federal or state marketplaces, which were made possible by the Affordable Care Act. One reason that number is so high? Subsidies for ACA plans were more generous in 2021 as part of a pandemic relief program. In this episode, we&#8217;ll check in on the program&#8217;s success. Plus, the creator economy goes untracked by the U.S. government, Albuquerque makes free public transit permanent, and &#8220;hot desking&#8221; irks workers.
09/11/202330 minutes 5 seconds
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Federal Reserve isn’t confident that interest rates are high enough

Stocks fall; Powell says the Fed is ready to raise rates again if needed; inflation reduction will depend on demand; unemployment claims rise.
09/11/20231 minute 20 seconds
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Film and TV actors are heading back to work

SAG-AFTRA, Hollywood studios reach tentative agreement; Warner Bros. Discovery takes financial hit from strikes, while Sony appears unscathed so far; jobless claims hold steady at 217,000; Yellen, Chinese counterpart to meet ahead of economic summit.
09/11/20231 minute 5 seconds
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Actors and Hollywood studios reach a tentative deal

After a nearly four monthlong strike, SAG-AFTRA performers reached a tentative agreement with Hollywood studios last night. While details are still scarce, both sides are celebrating — and there are signs of big gains for actors. What will we be looking for in the contract and what does it mean for our favorite shows? Also, workplace injuries are up and a bakery in Gaza struggles to keep up with demand.
09/11/20239 minutes 18 seconds
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Lessons on exploitation in “Killers of the Flower Moon”

For this month&#8217;s &#8220;Econ Extra Credit&#8221; project, we&#8217;re watching Martin Scorsese&#8217;s new feature film, &#8220;Killers of the Flower Moon.&#8221; The film shows how white settlers terrorized members of the Osage Nation, violently attempting to acquire their oil resources. We&#8217;re joined by professor and Osage Nation citizen Jean Dennison to define key concepts in the film, including headrights and guardianships. But first: What&#8217;s up with Speaker Mike Johnson&#8217;s financial disclosure?
09/11/20238 minutes 14 seconds
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McDonald’s UK faces legal action over “toxic culture” allegations

From the BBC World Service: A group of young former McDonald&#8217;s workers in the United Kingdom is taking the fast food chain to court, accusing it of failing to protect them at work. Earlier this year, a BBC investigation revealed allegations of sexual assault, harassment, racism and bullying. Plus, Bangladesh is the world&#8217;s second-largest exporter of clothes, but workers are protesting over better pay and conditions. Then, as the French government hosts a conference in Paris today to discuss ways of getting humanitarian aid to people in Gaza, we hear from a bakery in the territory that is struggling to keep up with the massive demand for crucial supplies of bread. &nbsp; &nbsp; &nbsp;
09/11/20237 minutes 51 seconds
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Moneyball: the Oakland A’s and the transformation of baseball data

&#8220;Stay in Oakland!&#8221; was the plea from many a diehard Athletics fan in the stands of the Oakland Coliseum this past baseball season as the team planned its move to Las Vegas. Some potential hurdles to a move remain unresolved, including a vote by Major League Baseball team owners next week on whether to allow it. Even if you don&#8217;t follow baseball, you may know the story of how, more than two decades ago, the cash-strapped A&#8217;s pioneered the use of high-tech data analysis in the sport. which came to be known as moneyball. Michael Lewis wrote a book about it. Brad Pitt did a movie about it. For more on how the A&#8217;s changed the game, Marketplace&#8217;s Lily Jamali called up Keith Law, senior baseball writer for The Athletic, who explained that the team found an edge by looking at what some would call nerdy stats, like on-base percentage.
09/11/202313 minutes 54 seconds
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The national debt is turning economists’ heads

High interest rates are making our already enormous national debt more expensive, and many economists are worried. We&#8217;ll discuss what it may cost to get the national debt under control. Plus, a referendum to replace Maine&#8217;s two main power companies with a publicly owned alternative was shot down in yesterday&#8217;s election. And, the James Webb Space Telescope is revolutionizing the way we see the universe. Here&#8217;s everything we talked about today: &#8220;What it would cost to stabilize the soaring national debt&#8221; from Axios <!-- wp:lis
09/11/202312 minutes 17 seconds
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A “laddered” continuing resolution, explained

House Republicans are floating a new idea for staving off a government shutdown: staggered funding deadlines for different parts of the government, or, as they&#8217;re calling it, a laddered continuing resolution. In this episode, we&#8217;ll talk to political experts about what this type of CR could look like and if it would work. Plus, small businesses crank out content, commercial airlines offer experienced pilots huge bonuses and while more Americans are behind on their debt, fewer are in collections.
08/11/202327 minutes 36 seconds
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Mortgage rates fall

Stocks close mixed; mortgage rates drop by largest amount since July 2022; Disney’s ad revenue falls; wholesale inventories tick up.
08/11/20231 minute 46 seconds
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Mortgage rates are on their way down

The average rate on a 30-year fixed mortgage fell to 7.6 percent; Regulators want to supervise digital payments; FTC challenging medical patents that may be preventing generics; Las Vegas workers reach labor deal with one of three major casino operators.
08/11/20231 minute 5 seconds
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As interest rates plateau, stocks are on a roll

As investors sense the Federal Reserve is done raising interest rates, stocks are seeing an extended rally. Of course, no one knows what the Fed will really do until they actually do it. Elsewhere, a possible light at the end of the tunnel for the shipping industry&#8217;s recession, and checking in on El Salvador&#8217;s big gamble on bitcoin.
08/11/20237 minutes 7 seconds
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“We cannot trust them with our children,” says former Meta safety engineer

A former safety engineer at Facebook parent company Meta tesifies, &#8220;We cannot trust them with our children,&#8221; citing indequate options for addressing harmful material. Plus, a look ahead at this weekend&#8217;s Asia Pacific Economic Cooperation Summit in San Francisco; stocks rally on hopes of no more interest rate hikes; and new legislation looks to boost Americans&#8217; retirement security.
08/11/20238 minutes 31 seconds
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Withering on the vine – why wine production is falling

From the BBC World Service: Wine production around the world is set to fall this year to its lowest level in more than 60 years, mainly down to changes in the weather. Plus, consumer and environmental groups have issued a legal complaint to the European Commission, saying that Danone, Nestle and Coca Cola are making misleading claims about plastic bottles being 100% recycled &#8211; or being completely recyclable. The big brands deny this. And, El Salvador made history in 2021 by becoming the first country to accept Bitcoin as legal tender, but how has it worked out for ordinary Salvadoreans?
08/11/20237 minutes 13 seconds
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Technology, community, insurance: How California hopes to mitigate future wildfires

08/11/20238 minutes 53 seconds
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The promises and risks of carbon capture

Today we&#8217;re talking about another potential tool in the climate solutions toolbox: carbon capture. The 2021 Bipartisan Infrastructure Law put $12 billion toward the tech, which promises to take carbon emissions straight from the air and store them underground. But there are concerns that supporting the fledgling industry could backfire. On the show today, Inside Climate News&#8217; Nicholas Kusnetz explains the ins and outs of carbon capture and the challenges of making it work on a scale big enough to be meaningful. Plus, how investin
08/11/202324 minutes 27 seconds
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Why China may be selling its U.S. debt

China is the second-biggest foreign holder of U.S. debt, but its total holdings recently hit a low not seen since 2009. In this episode, we&#8217;ll talk through a few theories on why China appears to be offloading U.S. Treasurys. Could it be trying to pump up the value of the yuan? Or has China just hidden a bunch of Treasurys? Plus, big-box retailers renovate to draw in shoppers, the repossession industry faces a repo man shortage, and corporate earnings reports go better than expected.
08/11/202327 minutes 13 seconds
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Household debt rose in the third quarter

Stocks close higher; household debt rises; WeWork files for bankruptcy; Secretaries of Treasury, Defense, State call for more aid to Ukraine.
07/11/20231 minute 20 seconds
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Fed officials clash over need for more interest rate hikes

Fed policymakers are divided over the need for additional hike; WeWork files for bankruptcy protection; Secretaries of Treasury, Defense, State call for more Ukraine aid; Johnson &amp; Johnson to test surgical robot.
07/11/20231 minute 20 seconds
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Why the U.S. retirement system is so mediocre

Of 47 countries, the United States ranked No. 22 in a recent Mercer ranking of global retirement systems. We discuss the lessons the U.S. might be able to learn from higher-ranking countries and why the U.S. retirement system is falling so far behind. We also hear about the latest on aid to Gaza and yet another potential government shutdown.
07/11/20238 minutes 27 seconds
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Medicare scams proliferate during open enrollment

Open enrollment season is underway, and the Federal Trade Commission is warning consumers about scams — especially ones that take advantage of older adults. We hear from experts on how people can protect themselves and their loved ones. Plus, WeWork, the company known for its hip co-working spaces, declares bankruptcy. And later: Should college athletes be considered employees of their schools?
07/11/20237 minutes 4 seconds
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AirBnB faces tax evasion allegations in Italy

From the BBC World Service: A judge in Italy orders the seizure of $835 million from short-term rental giant Airbnb, as prosecutors say it failed to collect a tax from landlords. Also: The European Space Agency changes the way it works by launching a competition to develop a commercial space capsule.
07/11/20236 minutes 29 seconds
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Social media and “eSIMs” help Gazans stay connected amid war and blackouts

Tuesday marks one month since the Palestinian militant group Hamas attacked Israel, killing 1,400 people and taking hundreds of hostages. Israel has responded by bombarding the Gaza Strip and killing more than 10,000 people there, according to the Ministry of Health in Gaza. The Israeli government has shut off power and fuel supplies to the more than 2 million people, mostly Palestinians, in Gaza. This weekend, Gazans suffered the third internet and phone blackout since Israel declared war on Hamas. Just over the border in Egypt, journalist Mirna El Helbawi has been working to enable people in Gaza to stay online and connected to the rest of the world. She&#8217;s part of a small group collecting donations of so-called eSIMs, which let users activate a cellphone plan on a mobile network without needing an actual SIM card.
07/11/202313 minutes 58 seconds
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Elon Musk’s Starlink business going gangbusters

SpaceX is on track to make record profits this year, particularly through its Starlink satellite program. With the reins of this powerful company in the hands of a celebrity entrepreneur, has that celebrity, Elon Musk, become invincible? We&#8217;ll also dig into the details of the U.S. birthrate. As it turns out, being an only child did not become the norm we expected it would be. And we&#8217;ll learn about the physicist who&#8217;s created over 1,000 Wikipedia bios for neglected female scientists. Here&#8217;s everything we talked about: &#8220;Millennials aren’t having kids. Here are the reasons why&#8221; from The Washington Post </
07/11/202311 minutes 35 seconds
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Undergrad workers unionize

From Harvard to the University of Oregon, a growing number of undergraduate students are forming labor unions. In this episode, we&#8217;ll talk to students involved in labor organizing efforts and hear what they&#8217;re hoping to accomplish. Plus, we&#8217;ll check in on loan delinquencies, bust the myth of the Great Wealth Transfer and assess whether the latest nationwide job numbers point to a coming recession.
06/11/202329 minutes 35 seconds
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Banks continued to tighten lending standards

Stocks rise; demand for loans falls; supply chain pressure at lowest on record; household debt figures due this week.
06/11/20231 minute 19 seconds
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Hedge funds are buying stocks at the fastest pace in two years

Goldman Sachs attributes the change to hopes the Fed is done raising interest rates; CDC testing for respiratory viruses at airports, testing companies say; eurozone likely headed into recession, latest data shows; Starbucks is boosting retail workers’ pay.
06/11/20231 minute 19 seconds
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The latest trend in employer benefits? Menopause support

Open enrollment season is upon us, and a new type of benefits is gaining popularity: support for workers going through menopause, including flexible time off, counseling and hormone therapy. While only a small number of workplaces currently provide menopause-specific benefits, a growing number of employers are open to the idea. Later in the program: Germany aims to crack down on illegal immigration.
06/11/20237 minutes 38 seconds
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We’ve gone over the “child care cliff.” What happens now?

The deadline to spend pandemic-era child care subsidies passed at the end of September, the so-called &#8220;child care cliff.&#8221; We visit one child care facility in Baltimore to hear how the end of federal funding could affect providers’ ability to recruit and retain workers. Plus, a video game maker goes after the Google app store, and the House of Representatives is expected to vote on its transportation funding bill.
06/11/20238 minutes 9 seconds
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Construction paused as Delhi pollution takes hold

From the BBC World Service: Nonessential building work is paused, commercial trucks are banned, and office staff are working from home in the Indian city of Delhi due to severe pollution. Plus, a United Nations report shows the cost to farmers of Taliban authorities&#8217; ban on opium poppy cultivation in Afghanistan. Also: Germany&#8217;s government hopes tougher sentences for people traffickers will slow illegal migration.
06/11/20239 minutes 21 seconds
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Military service members’ personal data is for sale. Is that a threat to national security?

Remember when President Donald Trump tried to ban TikTok? He called attention to the risk that American users&#8217; data could fall into the hands of Chinese authorities who have ties to the app&#8217;s owners. A judge blocked the ban, but even if he hadn&#8217;t, experts say so much of our personal information is available to buy from run-of-the-mill data brokers. That includes information on Americans serving in the military, which can have big consequences for national security. Marketplace’s Lily Jamali spoke to Justin Sherman, senior fellow at Duke University’s Sanford School of Public Policy, about a new study he led in which his team tried buying just that kind of data.
06/11/202310 minutes 53 seconds
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Promises won’t pay for climate adaptation

A new United Nations report found that wealthy nations are scaling back funding for climate adaptation in developing countries, while the cost of mitigating the effects of climate change continue to grow. We&#8217;ll get into it. And, the Federal Trade Commission&#8217;s antitrust lawsuit against Amazon revealed a secret pricing algorithm used by the company, known as Project Nessie. We&#8217;ll unpack how the algorithm has amassed huge profits for Amazon while raising prices across the board. Then, we&#8217;ll play a round of Half Full / Half Empty with guest host Amy Scott. Here&#8217;s everything we talked about: &#8220;Critics: Tu
04/11/202332 minutes 59 seconds
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Does the Fed control the economy?

When it comes to the Federal Reserve&#8217;s powers, raising or lowering interest rates is pretty cool. But there are a ton of economic factors the Fed doesn&#8217;t get a say in — gas price fluctuation, stock market trends, long-term bond yields, to name a few. Sure, the Fed might love to totally control financial conditions — but reality often gets in the way. Also in this episode, wage growth slows, schools turn to tech in response to bus driver shortages and paper companies adapt to paperless billing.
03/11/202329 minutes 10 seconds
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Job growth slows in October

Stocks close higher; unemployment rate unchanged; average pay gains slow; services sector expands again.
03/11/20231 minute 36 seconds
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Hiring in the U.S. is slowing, but not too much

The October jobs report showed a relatively healthy 150,000 gain; White House hosts Americas economic summit; Sam Bankman-Fried convicted of fraud, conspiracy; Maersk announces layoffs as shipping demand softens.
03/11/20231 minute 22 seconds
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A Fed-pleasing jobs report

Some 150,000 jobs were added in October. That&#8217;s less than expected but still shows healthy growth. We do the numbers on this morning&#8217;s jobs report, which shows a cooling economy more in line with what central bankers are hoping for. We also take a bite out of Apple&#8217;s earnings report and hear from an entrepreneur who started a gym that centers the needs of people with physical disabilities.
03/11/20239 minutes 37 seconds
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SBF found G-U-I-L-T-Y

The former head of collapsed crypto exchange FTX Sam Bankman-Fried was found guilty on all charges of fraud and conspiracy yesterday. We review how one of the biggest fraud cases in recent memory wrapped up. Then, holiday spending is projected to grow this year. And later, a look at the Biden administration&#8217;s new, more tailored student loan forgiveness plan.
03/11/20238 minutes 27 seconds
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Could Australian wine start flowing again?

From the BBC World Service: China was the biggest importer of Australian wine, until Australians called for an investigation into the origins of COVID-19 and China slapped tariffs on various commodities. But as relations between the countries improve, could the wine start flowing again? Also: Will there be a time when jobs aren&#8217;t necessary? Elon Musk thinks so and he’s putting it down to AI. Plus, religiously conservative Malta is fast becoming known as one of the most gay-friendly places in Europe, giving its tourism industry a boost.
03/11/20236 minutes 59 seconds
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Global AI concerns, slumping EV sales and Netflix’s ad gamble

This week, electric vehicle sales are in a slump. Last year, the competition among EV buyers was fierce, with consumers paying premium prices to drive one off the lot. But despite federal tax credits aimed at making them more affordable, the red-hot EV market isn&#8217;t so hot anymore. Plus, a year into ads on Netflix, the company is reporting that 15 million monthly active users are watching, and rewards for binging your favorite shows are in the works. But first, we’ll dive into the U.K.’s AI Safety Summit at historic Bletchley Park this week. Marketplace’s Lily Jamali is joined by Joanna Stern, senior personal technology columnist at The Wall Street Journal, for her take on those stories.
03/11/202316 minutes 21 seconds
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AI safety takes center stage

Hey Smarties! We recorded today’s episode before the news of Sam Bankman-Fried’s conviction came out. We’ll continue to monitor the story. This week, President Joe Biden signed a sweeping executive order on the safety of artificial intelligence, and world leaders (plus Elon Musk) met to discuss the risks of the rapidly developing technology for the first time. We&#8217;ll get into what future AI regulation could look like as governments agree to cooperate. And, we&#8217;ll hear from Target&#8217;s CEO on trends in consumer spending. Plus, Sen. Tuberville&#8217;s block on military promotions is reaching a boiling point. Now, his own party is turning on him. Here&#8217;s everything we talked about: <a href="
03/11/202312 minutes 55 seconds
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Is there a downside to economic resilience?

In his statement after the Federal Reserve&#8217;s rate-setting meeting yesterday, Chair Jerome Powell said, basically, that a too-resilient economy could put inflation-cooling measures at risk. But isn&#8217;t resilience a good thing? In this episode, economists get into what the Fed chief&#8217;s comment means and whether it&#8217;s a sign of more interest rate hikes to come. Plus, pharmacists walk out of their jobs, citing burnout and understaffing, and California consumers have issues with electric vehicles.
02/11/202327 minutes 33 seconds
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Productivity increases in the third quarter

Stocks close higher; worker output outpaces hours worked; new unemployment claims increase; Starbucks sales rise.
02/11/20231 minute 36 seconds
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The pumpkin spice latte fuels Starbucks sales

The seasonal favorite helped power record quarterly revenues at Starbucks; worker productivity improves at best pace in three years; initial unemployment claims inch up to 217,000.
02/11/20231 minute 5 seconds
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Are EVs facing a reality check?

EV sales are growing, but not as quickly as hoped. Carmakers are now dialing back EV production targets. And it&#8217;s possible that the deals that ended the United Auto Workers&#8217; strike could make EVs less profitable for companies too. Is it a tap on the brakes for EVs? Plus, we take a look at the growing dupe market and hear why Disney is buying the rest of Hulu.
02/11/20237 minutes 38 seconds
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The humanitarian and economic toll of war in Gaza

Living conditions in Gaza were already dire before Israel&#8217;s military offensive operations. Prior to the war, Gaza&#8217;s unemployment rate exceeded 45%, and two-thirds of the population were living in poverty. Now, Israel has cut off food, fuel, water, gas and electricity. We discuss the repercussions. Plus, is the Federal Reserve as concerned about raising interest rates too much as it is about not hiking them enough?
02/11/20239 minutes 22 seconds
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What do fashion brands make of the “dupes” boom?

From the BBC World Service: Would you invest thousands of dollars on designer handbags or clothes? Or would you buy strikingly similar ones for a fraction of the cost? We take a look at the booming market for duplicates, or dupes. Also, it&#8217;s day two of a big AI summit in the United Kingdom, where world leaders and tech giants are discussing the threats and the opportunities of the technology. They&#8217;ve announced a deal, but many are worried they may have their priorities wrong. Plus, Japan is putting together an economic stimulus package worth more than $110 billion to help combat the impact of inflation. &nbsp;
02/11/20237 minutes 6 seconds
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AI vs. AI: Automated programs are writing better scam emails, and AI is spotting them

According to the FBI, email phishing attacks accounted for nearly $51 billion in losses over the past 10 years — and the number is only expected to grow with the introduction of artificial intelligence. Dina Temple-Raston from the &#8220;Click Here&#8221; podcast followed one company that is doing something new to fight the growing threat of scam emails: fighting AI with AI.
02/11/20236 minutes 35 seconds
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Where the fractured GOP goes from here

Two prominent Republican representatives announced they won&#8217;t seek reelection at the end of their terms in Congress. We&#8217;ll get into the future of the GOP, as former President Donald Trump continues to drive a wedge in the party&#8217;s identity. Also, how the verdict in a case involving the National Association of Realtors could upend the way we buy and sell homes. Plus, a breakthrough gene therapy treatment is allowing some deaf children to hear for the first time. And, coming clean about hotel showers. Here&#8217;s everything we talked about: &#8220;House GOP’s Israel-IRS bill could add more than $26 billion to deficit: CBO&
02/11/202313 minutes 52 seconds
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No change at the Fed, but what about the bond market?

The Federal Reserve opted to keep interest rates unchanged at its policymaking meeting today, but there&#8217;s Treasury news that has interest rate implications. In this episode, we&#8217;ll get into the Treasury market and why the Fed isn&#8217;t buying bonds but hedge funds are. Plus, tribal nations are fighting for a role in river management decisions, WeWork is on the brink of filing for bankruptcy and remote workers are at their wits&#8217; end with digital communication tools.
01/11/202329 minutes 58 seconds
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Federal Reserve leaves interest rates unchanged

Stocks rise; Powell says growth will likely to have to slow to bring down inflation; quits rate unchanged; private employers add jobs.
01/11/20231 minute 20 seconds
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Employers are still looking to fill a lot of positions

Job openings totaled 9.6 million in September; private payrolls add 116,000 jobs; Yum Brands boost profits; automakers oppose steel industry consolidation.
01/11/20231 minute 20 seconds
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The current beat of the music economy

The past few years have been anything but melodious for the music industry. Concerts have roared back with pandemic restrictions lifted, but how have the economics of live shows, streaming platforms and new technologies changed? But first: A jury found that realtors have kept commissions artificially high.
01/11/20238 minutes 45 seconds
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All eyes are on the Treasury Department today

The Federal Reserve wraps up its two-day meeting today, but something else may overshadow Chairman Jerome Powell&#8217;s news conference: a Treasury Department announcement detailing the mix of bonds it&#8217;ll use throughout the rest of the year. While it&#8217;s usually a snoozefest, we explain why economists (and the Marketplace team!) are planning to stay wide awake. Plus, smaller homes are having a moment and Maine&#8217;s &#8220;yellow-flag&#8221; law is under scrutiny.
01/11/20238 minutes 52 seconds
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Can the U.K. summit deliver on AI safety?

From the BBC World Service: Government representatives and tech leaders are meeting in the United Kingdom for the world&#8217;s first safety summit on artificial intelligence. What might come out of it? Plus, a drought is forcing a traffic reduction through the Panama Canal. And there&#8217;s another controversial host for the men&#8217;s soccer World Cup, as Saudi Arabia is set to hold the 2034 competition.
01/11/20239 minutes
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You realized the AI you’re creating may be dangerous. Now what?

It’s been about seven months since leaders in tech signed an open letter calling for a temporary pause on artificial intelligence development. The gist was that the risks of advanced AI are too great for developers to keep tinkering with the technology in the absence of proper safeguards. That pause ultimately did not happen, and for some researchers, the core concerns in that letter still exist. Marketplace’s Lily Jamali spoke with Jonas Schuett, research fellow at the Centre for the Governance of AI, about a recent paper he co-authored that has a different take on the question of pausing development.
01/11/202312 minutes 30 seconds
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Hydrogen’s potential as a climate solution

When it comes to solutions to the climate crisis, we&#8217;re going to need a whole menu of options. One item on the menu: clean hydrogen. The Joe Biden administration recently invested $7 billion into developing clean hydrogen hubs across the country, with hopes the technology could help reduce carbon emissions in a variety of industries. &#8220;Many people call it a Swiss Army knife of decarbonization,&#8221; said Emily Pontecorvo, staff writer at Heatmap News. &#8220;But the problem of thinking of it that way is that it takes so much energy to make hydrogen that you really only want to use it in cases where you don&#8217;t really have any other options.&#8221; <!-- /wp:paragra
31/10/202329 minutes
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Why the Federal Reserve fears wage spikes

Recent data shows that while labor costs are still rising, they aren&#8217;t growing crazy fast. That&#8217;s good news for the Federal Reserve, which wouldn&#8217;t want to see a wage-price spiral nightmare this Halloween. In this episode, we&#8217;ll look at why the Fed is spooked by too-fast wage growth and where labor costs might be headed. Plus, an Iowa corn and soybean farmer reports a record harvest, Japan eases up on its bond yield controls and California child care workers unionize for better pay and benefits.
31/10/202329 minutes 17 seconds
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Labor costs rise more slowly

Stocks rise; labor costs up 4.3% from last year; consumer confidence ticks down; Caterpillar earnings rise.
31/10/20231 minute 47 seconds
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Pay increases are still outpacing inflation

Wages and benefits in Q3 rose 4.3%; consumer confidence weakened for third straight month; home prices rose 2.6% in August; U.S. sues SolarWinds over 2020 hack.
31/10/20231 minute 22 seconds
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“Affirmative action for the rich”

More colleges are offering early decision admissions, where students signal that a particular university is their top choice but have to commit before seeing their financial aid package. Early decision is not without controversy. Students who apply early tend to be wealthier, and critics say the practice undermines fairness. Plus, child care costs continue to climb, and the UAW hopes its contract wins will encourage other car manufacturers to unionize.
31/10/20237 minutes 24 seconds
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Yes, young people get scammed too

While there&#8217;s often a narrative that scammers target older adults, scammers don&#8217;t discriminate. Turns out, younger people are more likely to report losing money to a scam. We delve into the types of scams Gen Zers fall for and what consumers can do to protect themselves. Also, the Biden administration cracks down on junk fees from financial advisers, and the market might be doing some of the Fed&#8217;s work.
31/10/20238 minutes 28 seconds
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Court criticizes New Zealand tour company ‘failures’ over 2019 volcano disaster

From the BBC World Service: A tour company has been found guilty of not &#8220;minimizing risk&#8221; in the 2019 White Island volcano eruption, in which 22 people died. Then, the government in Haiti has suspended flights to Nicaragua, which has become a popular connection point for migrants trying to reach the United States. Also: Scaring people is big business. We look at the tourism attractions recreating the dark side of history.
31/10/20237 minutes 26 seconds
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Biden’s executive order aims to limit the harms of AI

In 2017, then-MIT graduate student Joy Buolamwini shared the challenge of getting facial analysis software to notice her. &#8220;Hi camera, can you see my face? You can see her face. What about my face?&#8221; she asks the program as she stares at her webcam. It couldn&#8217;t &#8220;see&#8221; her until she wore a white mask. The reason, argued Buolamwini, who is Black, is because of algorithmic bias. Fighting it is one goal of the executive order on AI unveiled Monday by the Biden administration. Buolamwini, author of the new book &#8220;Unmasking AI,&#8221; told Marketplace&#8217;s Lily Jamali the executive order is a step in the right direction.
31/10/202312 minutes 19 seconds
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Who profits from war?

A $14.3 billion Israel aid package from the House GOP is in the works, and some Republican representatives are looking into unconventional ways to fund it. We&#8217;ll get into where U.S. military aid usually ends up and who stands to make a profit from global conflict. Plus, how the media coverage leading up to the 2024 election often makes false equivalencies between the speaking abilities of former President Donald Trump and President Joe Biden. Here&#8217;s everything we talked about: <a href="
31/10/202316 minutes 47 seconds
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Americans are giving the economy mixed reviews

In a recent Harris poll, 44% of respondents said they&#8217;re stressed economically. But in the same poll, 34% said they&#8217;re optimistic. What gives? In this episode, how the American middle class is experiencing the current economy. Higher costs and lower personal savings are two big components affecting that economic vibe. Plus, how is New York City dealing with subway flooding, which parts of artificial intelligence can the Biden administration regulate and what the heck is the employment cost index?
30/10/202326 minutes 53 seconds
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Stocks close higher

Stocks close higher; UAW reaches tentative deal with GM; Biden signs executive order on AI; COVID-19 antivirals transitioning to the commercial health insurance market.
30/10/20231 minute 20 seconds
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UAW reaches deals with Detroit’s Big Three

Holdout GM reached deal with autoworkers’ union this morning; COVID-19 antiviral treatments to be distributed by commercial health insurance; McDonald’s reports strong profits on promotional sales; Southwest likely to face regulatory fine over customer service failures.
30/10/20231 minute 20 seconds
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Big bosses’ big turnover

More than 1,400 CEOs have left their jobs from January to September this year. That’s up by almost 50% from the same period last year, and it’s the biggest turnover in more than two decades, according to a recent report. What&#8217;s behind the exodus? Also: The Biden administration looks to regulate artificial intelligence, and federal oversight can get in the way of Native homeownership.
30/10/20239 minutes 4 seconds
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It’s not just you. Self-checkouts are terrible.

Be honest: Do you prefer self-checkouts at stores or do you actually kinda dread them? Today, we hear how self-checkout machines failed to deliver on their promises to save time and money for both retailers and consumers. Plus, the United Auto Workers union reached a tentative deal with carmaker Stellantis but has no deal yet with General Motors, where strikes are expanding.
30/10/20238 minutes 48 seconds
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Chinese property giant Evergrande given one last chance to agree debt deal

From the BBC World Service: The world&#8217;s most indebted real estate developer, Evergrande, has been told it has weeks to avoid liquidation by agreeing a repayment plan for the money it owes. Then: Ecuador&#8217;s incoming interim President faces a number of challenges, including revitalizing the economy while also shutting down a key oil field.
30/10/20238 minutes 15 seconds
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Why default settings are important to a search engine’s success

It was declared the winner of the search-engine wars way back in 1998. Fortune magazine said the company was poised for much bigger things. That company was, actually, Yahoo. As it turned out, that prediction didn’t age well. Of course, Google is the real winner of the battle for search engine dominance. How it got there is the subject of the U.S. Justice Department’s antitrust case against it. Google has just started mounting its defense as the 10-week trial nears its end. Much of the case hinges on the question of default settings on tech devices. Marketplace&#8217;s Lily Jamali spoke with her colleague Matt Levin about the role of those settings in the government&#8217;s argument.
30/10/202310 minutes 30 seconds
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Why the definition of “employer” really matters

The National Labor Relations Board is redefining what it means to be an employer by changing the so-called joint-employer rule. We&#8217;ll explain how the change could impact the rights of contract and franchise workers across many industries, from tech to fast food. And, polling numbers on congressional approval are sinking lower and lower. Plus, are SEO-bait names and bloated movie runtimes the new norms? We&#8217;ll get into it in a round of Half Full / Half Empty. Here&#8217;s everything we talked about: &#8220;New labor rule could be a big deal for millions of franchise and contract workers. Here&#8217;s why.&#8
28/10/202330 minutes 51 seconds
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Examining health care inflation

Health care costs contributed big to September’s inflation reading, though the sector’s price increases have lagged other industries for most of the last year. But lately, consumers and insurers are shelling out more for medication, nursing homes and hospitals. In this episode, we&#8217;ll diagnose the root cause of high health care spending, which is expected to make up a fifth of the U.S. economy by 2030. Plus, why the cost of corporate debt is on the rise and haunted houses&#8217; frightening finances.
27/10/202326 minutes 10 seconds
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Inflation holds steady in September

Stocks close mixed; services prices rise; consumer spending stays strong; consumer sentiment falls in October.
27/10/20231 minute 4 seconds
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The Biden administration wants near-empty office buildings to become housing

New initiatives announced by the White House would repurpose downtown offices; Treasury Department issues sanctions to block Iran’s support of Hamas; inflation held steady in September at 3.4%; Alphabet CEO Pichai to testify in Google antitrust trial.
27/10/20231 minute 5 seconds
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Why services inflation is so darn sticky

The Federal Reserve’s interest rate hikes have forced plenty of consumers to put off bigger purchases, such as a new appliance. But people are still spending lots on cheaper, everyday services — like a haircut or dining out. That, coupled with wage increases, have caused services inflation to remain elevated. Plus, thousands of hotel workers strike in downtown in LA and October can be a spooky month for stocks.
27/10/20238 minutes 7 seconds
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What’s the difference between CPI and PCE?

Folks in econ circles sure do love their acronyms. Later this morning, the Commerce Department releases the PCE, or the personal consumption expenditures price index, for September. But there&#8217;s also the CPI, or the consumer price index. We give you the TL;DR on both measures of inflation. Then: a case study of an immigration scam and how communities are fighting back.
27/10/20237 minutes 35 seconds
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Chinese Foreign Minister visits Washington to talk trade

From the BBC World Service: The Chinese Foreign Minister Wang Yi is in Washington meeting U.S. Secretary of State Antony Blinken. Has the bubble burst for the Hipgnosis Songs Fund? It owns the rights to songs written by Blondie, Shakira, Neil Young and others, and more than 80% of its shareholders voted against plans for it to continue as an investment trust. &nbsp;
27/10/20236 minutes 25 seconds
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Policymakers take on AI, deepfakes and Meta’s effects on kids

This week, Marketplace Tech is introducing a new regular Friday segment called Bytes: a week in review, where we’ll dive into the major news stories of the week, giving you the context and information you need. And what a week it’s been in the tech industry! Disarray in Congress disrupts plans to deal with deepfakes ahead of the 2024 election. Also, the White House prepares an executive order on artificial intelligence, set for release as soon as next week. But the biggest tech headline of the week? Dozens of states are suing Facebook and Instagram’s parent company Meta for allegedly harming the mental health of its young users with “addictive” features aiming at keeping kids on their various social media sites at the risk of their well-being. Marketplace’s Lily Jamali is joined by Maria Curi, tech policy reporter at Axios for her take on those stories.
27/10/202313 minutes 26 seconds
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Spending cuts aren’t the only answer to the budget deficit

There&#8217;s been a lot of talk about the ever-growing U.S. federal deficit lately. That discussion has largely revolved around spending cuts. But the flip side of the issue— that is, increasing revenue — is largely ignored. We&#8217;ll get into what increasing the government&#8217;s revenue could look like and how an approaching expiration date for some Trump-era tax cut provisions could impact taxpayers in the coming years. Also, we&#8217;ll hear from UAW President Shawn Fain about the union&#8217;s tentative deal with Ford and the outsized CEO salaries that made headlines this year. Here&#8217;s everything we talked about: <a href="
27/10/202315 minutes 37 seconds
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Hear that boom? It’s the economy.

Gross domestic product expanded at a 4.9% rate in the third quarter, driven by a consumer who couldn&#8217;t pass up high-priced concert tickets and big-ticket durable goods. But is that torrid pace sustainable? We’ll also examine why companies are holding on tight to their workers and how Buy American rules can complicate infrastructure buildouts.
26/10/202329 minutes 41 seconds
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Services spending drives GDP growth

Stocks fall; plane tickets and health care spending picks up; durable goods orders rise; UPS lowers revenue forecast.
26/10/20231 minute 20 seconds
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When it costs almost $30 a year to spend $100

Average interest rates for retail credit cards, like cards for Gap or Home Depot, have reached new highs at nearly 29%, according to data from Bankrate. That&#8217;s compared to the typical rate for your standard Visa or Mastercard, which runs around 21%. What gives? Also: Unpacking today&#8217;s GDP figures and the UAW&#8217;s tentative deal with Ford.
26/10/20237 minutes 1 second
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U.S. economic growth accelerates to 4.9%

The GDP growth rate in the third quarter was the highest in nearly two years; federal regulators issue new rules for labeling meat products as organic; jobless claims rise to a still-low total of 210,000; UAW, Ford reach tentative labor deal.
26/10/20231 minute 5 seconds
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What does a new house speaker mean for government spending?

Republican Mike Johnson of Louisiana was elected as the speaker of the house yesterday. What does this new leadership mean for spending bills to avert a looming government shutdown, aid packages to Ukraine and Israel, and the farm bill? We explore. Plus, food insecurity climbed last year. Then, more states are requiring financial literacy classes. We look at the impact.
26/10/20236 minutes 24 seconds
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Is Germany already in recession?

From the BBC World Service: New figures suggest Germany could already be in recession, as business activity contracted for a fourth straight month in October. Also, China and Colombia have elevated diplomatic relations to the next level — a so-called &#8220;strategic-partnership&#8221; — which is likely to raise eyebrows in Washington. And it turns out that the &#8220;Barbie&#8221; movie has boosted toy sales for its maker, Mattel.
26/10/20236 minutes 15 seconds
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Ageism in China’s tech sector has workers fearing the “curse of 35”

Here in the U.S., big tech is having a good earnings season as companies release their quarterly report cards this week. This, after a year marked by layoffs, with many tech workers going through the first industry downturn of their careers. China&#8217;s tech industry has been even more exposed. The world&#8217;s second largest economy is struggling. Turns out, a long resume isn’t always helpful to those thrown out of work, as a result. Marketplace&#8217;s Lily Jamali spoke with Marketplace’s China correspondent Jennifer Pak, who explained what&#8217;s being called the &#8220;curse of 35.&#8221;
26/10/202310 minutes 34 seconds
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A new speaker of the House, finally

After a three-week vacancy, House Republicans elected Rep. Mike Johnson of Louisiana speaker. We&#8217;ll give you the rundown on who Johnson is and what his far-right associations could mean for the challenging weeks ahead in Congress. And, on the other side of the Capitol rotunda, senators are working on new ways to end Sen. Tommy Tuberville&#8217;s military promotion blockade. Plus, a 14-year-old scientist&#8217;s cancer-fighting bar of soap. Here&#8217;s everything we talked about: &#8220;5 things to know about Speaker Mike Johnson&#8221; from The Hill <ul
26/10/202312 minutes 57 seconds
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Is there a cure for the nurse shortage?

As America gets older, its people need nursing homes, and nursing homes need nurses. There’s not enough of them, and even government mandates may not fix the problem. We delve into the gap. Also, GM slows down its electric vehicle program, and Microsoft has the momentum in its long rivalry with Google.
25/10/202327 minutes 24 seconds
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New home sales jump in September

Stocks close down; sales pick up in the South and Northeast; Alphabet profits rise; Microsoft cloud services revenue jumps.
25/10/20231 minute 5 seconds
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New home sales surged in September

New home sales rose to their fastest pace since February 2022; Boeing losses mount amid 737 Max production hiccups; California orders GM Cruise autonomous vehicles off roads; Alphabet’s cloud unit stumbles as Microsoft’s booms.
25/10/20231 minute 5 seconds
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Are interest rates high … or have we just gotten spoiled?

While we&#8217;ve gotten cozy to the idea that money&#8217;s nearly free to borrow over the last few years, the yield on the 10-year Treasury note briefly crossed 5% last week. But 10-year Treasury rates have historically been 5%. Is this actually just a return to normal? Plus, major state lawsuits against Meta loom over its quarterly earnings report today. Also: what U.S. sanctions relief means for Venezuela&#8217;s oil production.
25/10/20237 minutes 35 seconds
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New tools to fight discrimination in housing

U.S. financial regulators recently made big changes to the Community Reinvestment Act. The fair lending rules are from 1977 and were designed to stop damage from redlining. But not everyone&#8217;s happy with updates to the law. We discuss. Plus, there are tons of applications — and big benefits — to gamified training.
25/10/20237 minutes 1 second
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Pandora expands its lab-grown diamond range

From the BBC World Service: The lab-grown diamond industry is now a $14 trillion market. Pandora, the world&#8217;s largest jewelry-maker, is expanding its lab-grown diamond range. Plus, eToro, a trading and investing platform, says that short selling has risen in popularity among ordinary investors in the last few years. And lastly, France&#8217;s government has announced new rules that mean businesses must tell customers whether food on the menu is house-made. &nbsp;
25/10/20236 minutes 50 seconds
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How teens are being blackmailed with sexting scams on social media

Last year, the National Center for Missing and Exploited Children (NCMEC) got more than 10,000 tips about minors extorted in sexting scams. The number is even higher so far this year. And what authorities are noticing is that in a lot of these cases boys are the target. It often starts with direct messages on social media. Flirting leads to requests for explicit photos. And as soon as they hit send, the person on the other end threatens to share the photos unless they get paid. Freelance reporter Chris Moody wrote about what&#8217;s being called &#8220;sextortion&#8221; for the Washington Post. A warning: this conversation includes a mention of teen suicide.
25/10/20239 minutes 51 seconds
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Part of the deficit: Federal Reserve interest costs

As the federal budget deficit widens, we&#8217;ll take a look at one contributing factor: the Federal Reserve&#8217;s obligation to pay interest to banks. It&#8217;s outpacing income the Fed makes from the securities it bought as part of its quantitative easing strategy. Also in this episode, women who&#8217;ve started their own businesses weigh in on the pros and cons compared to traditional jobs. Hydropower dams struggle in the face of changing weather patterns, and the H-1B visa application process may get some updates.
24/10/202327 minutes 45 seconds
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After-school meal participation declines

Stocks rise; staffing issues, food costs burden after-school meal programs; services sector expands; manufacturing demand picks up.
24/10/20231 minute 5 seconds
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Economic lessons from the video game industry

Hey Smarties! Today we&#8217;re bringing you a special episode of &#8220;Marketplace Morning Report&#8221; that dives into what the video game industry can teach us about the economy, from the socioeconomic hurdles that keep many young people from breaking into the field to the economics at work in many games. It&#8217;s part of the &#8220;Skin in the Game&#8221; series from David Brancaccio and the &#8220;Marketplace Morning Report&#8221; team, which explores how the massive industry can help us understand economics, business, money and careers. Do you have a question or comment about the video game industry? Call us at 508-U-B-SMART or email [email protected].
24/10/202328 minutes 5 seconds
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Business activity improves in October, in latest sign of a resilient economy

S&amp;P Global reported improvements in both services and manufacturing sectors; Tesla discloses expanding Justice Department probe; fossil fuel use to peak by 2030, IEA says; UAW strikes at Stellantis Ram truck plant.
24/10/20231 minute 5 seconds
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Bye-bye, fossil fuels

Have no doubt: Fossil fuels are out and renewables are in. The International Energy Agency predicts a dramatic shift toward green energy by the end of this decade. And more than 130 large companies recently signed onto a letter urging world leaders to ditch fossil fuels. Plus, the Biden administration is making a bet that hydrogen fuel will help bring the American economy to net-zero carbon emissions by 2050.
24/10/20236 minutes 33 seconds
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UAW strikes loom over carmaker earnings

Both General Motors and Ford will report quarterly earnings this week as the United Auto Worker strike stretches into its sixth week. Investors — and the union — will be scrutinizing the numbers for clues about how the extended work stoppage is affecting the companies. Also: a preview of Big Tech earnings and the importance of &#8220;Davos in the Desert.&#8221;
24/10/20237 minutes 15 seconds
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Women in Iceland strike over gender pay gap

From the BBC World Service: Women across Iceland are to strike from paid and unpaid work on Tuesday to bring attention to inequality. Then, the China-U.S. Economic Working Group holds its first meeting in a effort to make relations between the two countries more constructive. Lastly, the wool industry once helped save the vicuna from extinction, but a fall in wool prices could pose a new threat.
24/10/20236 minutes 21 seconds
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As New York cracks down on rentals, Airbnb hosts go underground

As recently as August, Airbnb was doing brisk business in New York City, with more than 22,000 listings there. Two months and a citywide crackdown later, that number has fallen to just above 3,000, a decrease of more than 80%. Local Law 18, which took effect last month, requires hosts of short-term rentals on Airbnb, Vrbo and similar sites to register with the city and live in the property they&#8217;re renting out. Marketplace&#8217;s Lily Jamali spoke with Amanda Hoover, a staff writer at Wired, who&#8217;s been following the fallout from the new law.
24/10/202313 minutes 7 seconds
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The work Congress could be doing

Without a speaker in the House of Representatives, Congress isn&#8217;t getting much work done. That includes progress on the farm bill, which is up for renewal this year. We&#8217;ll get into what potential cuts to the farm bill could mean and some of the bill&#8217;s past shortcomings. Plus, a new study found that the West Antarctic ice sheet will continue to melt faster despite serious action on climate change. Also, we say goodbye to a record holder who was a very good boy. Here&#8217;s everything we talked about: &#8220;House Ag Dems fight farm bill cuts&#8221; from Politico <!--
24/10/202315 minutes 5 seconds
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Why do we stick to the default option?

Do users actually like Google&#8217;s search engine best, or does its role as default option seal the deal? That&#8217;s the question at the center of the Justice Department&#8217;s antitrust trial against Google — whose parent company, Alphabet, spends billions to be the default on all sorts of devices. In this episode, we examine the psychology of defaults and why they wield serious power. Plus, we&#8217;ll investigate the revenue side of the budget deficit and get your bond yield questions answered.
23/10/202327 minutes 35 seconds
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Government bond yields top 5%

Stocks close mixed; investors expect higher rates for longer; Chevron to buy Hess Corporation; GDP data due this week.
23/10/20231 minute 47 seconds
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Global corporate minimum tax undermined by loopholes, report says

A European think tank says the minimum tax on corporations will generate half of the hoped-for revenue; group also urges new tax on billionaires; Japan launches Google antitrust probe; major companies urge rich countries to ditch fossil fuels by 2035.
23/10/20231 minute 5 seconds
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Why the U.S. budget deficit surged in the past year

The U.S. government ran a budget deficit of about $1.7 trillion for the 2023 fiscal year, up 23% compared to the year before. How did we get here? We dig into what the government is spending, what it&#8217;s taking in and the steep toll interest rates are taking. Also: a brief history on U.S. aid to Israel.
23/10/20237 minutes 18 seconds
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How humanitarian aid to Gaza gets distributed

The first two groups of trucks carrying humanitarian aid into Gaza crossed over the border from Egypt this weekend. Today, we discuss how international gets where it needs to go and the sort of complications that can arise when distributing it. But first: Chevron looks to buy Hess in the latest major fossil fuel industry deal.
23/10/20237 minutes 39 seconds
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China investigates iPhone-maker Foxconn

From the BBC World Service&#8230; China has launched an investigation into Taiwan-based iPhone-maker Foxconn. Officials are conducting tax inspections into the company which is the biggest maker of iPhones for US tech giant Apple and is one of the largest employers in the world. There was no clear winner in Argentina&#8217;s presidential election, with Javier Milei and Sergio Massa heading for a run-off vote. Earlier this month, the arctic town of Kirkenes in North Norway near the Russian border banned Russian-registered cars &#8211; the last of the European countries sharing the land border with Russia, to do so; we look at the effect on the local economy.
23/10/20238 minutes 29 seconds
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CRISPR pioneer Doudna envisions ending asthma, aiding climate

The technology known as CRISPR is considered one of modern biology&#8217;s biggest breakthroughs. It allows scientists to edit genes, similar to how you cut and paste text in a word processor. More than a decade after pioneering CRISPR, Nobel laureate Jennifer Doudna of the University of California, Berkeley, is applying it to big problems, like chronic disease and climate change.Marketplace’s Lily Jamali recently met up with Doudna at Berkeley&#8217;s Innovative Genomics Institute. It’s a cluster of lab stations, researchers and very loud refrigerators where CRISPR is used to edit microbiomes.
23/10/202313 minutes 20 seconds
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Thoughts on Gaza

It&#8217;s been a disheartening time in the Middle East lately. Today&#8217;s guest host, Reema Khrais, shares how the recent conflict has affected her family in Gaza. We&#8217;ll also discuss how the ever-increasing U.S. deficit reached new heights in the past year. Plus, what have you splurged on lately? Here&#8217;s everything we talked about: &#8220;Gaza aid stalled at Egypt border amid wrangling at Rafah&#8221; from The Washington Post <a href="https://www.
21/10/202333 minutes 25 seconds
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Maybe night work isn’t looking so bad

In the most recent Beige Book, the Philadelphia Fed reported a staffing firm said it&#8217;s having an easier time filling night and weekend shifts. Could this mean the labor market is loosening up? We’ll talk to some folks around the country who are picking up jobs at odd hours. Also in this episode: rental car agencies pile on fees, China restricts graphite exports, and class barriers break down at &#8230; Applebee’s?
20/10/202326 minutes 29 seconds
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GM offers larger pay hike

Stocks fall; GM proposes to hike pay 23%; Cleveland Fed president says rates likely near “holding point”; China to restrict graphite exports.
20/10/20231 minute 20 seconds
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Another interest rate hike? Yes and no, says Fed Chair Powell

Federal Reserve Chairman Jerome Powell said another hike may not be necessary right away; CVS removing phenylephrine-based cold treatments; Rite Aid plans 154 store closures; Toyota adopting Tesla’s charging standard.
20/10/20231 minute 20 seconds
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So much money to send and nobody there to send it

Later today, President Joe Biden is expected to send an urgent foreign aid request to Congress, including funding for Israel and Ukraine. The House of Representatives can&#8217;t vote on anything until a speaker is elected. In the meantime, we dig into the funds at stake. Plus, the fight over net neutrality is reignited and an Argentine presidential candidate wants to nix the peso in favor of the dollar.
20/10/20238 minutes 20 seconds
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Fed Chair Jerome Powell: Caution is the name of the game

The country&#8217;s interest rates can make the difference between a growing economy and one headed toward recession. But the decision on what the Federal Reserve should do next month with interest rates looks like a day-by-day calculation. So what is Fed Chair Jerome Powell thinking right now? We unpack. And later, we take a closer look at the world of immigration scams.
20/10/20236 minutes 55 seconds
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How China’s birth rate is partially to blame for Irish job losses

From the BBC World Service: Nestlé is closing a baby milk factory in Ireland; the BBC&#8217;s John Campbell explains how a falling birth rate in China is responsible. Then, in the middle of an economic crisis and with inflation at almost 140%, Argentina votes for a new government this weekend, Natalio Cosoy reports on one of the candidates who&#8217;s promising to dollarize the economy. &nbsp; &nbsp; &nbsp;
20/10/20237 minutes 8 seconds
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Workers in Israel’s dynamic tech sector are joining the war effort. That’s affecting the industry, and the economy.

Thousands of Israelis and Palestinians have lost their lives since Hamas gunmen staged their surprise raid on Oct. 7. In the wake of the attack, Israel&#8217;s defense forces have called up more than 350,000 reservists, about 4% of its population. The country&#8217;s booming tech industry could be affected more than most, given that so many younger Israelis work in the sector. Fast Company contributing writer Issie Lapowsky recently interviewed several of them, including an Israeli tech lawyer named Yitzy Hammer.
20/10/20238 minutes 31 seconds
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AI robocalls and ethical concerns for New Yorkers

New York Mayor Eric Adams doesn&#8217;t speak Mandarin. But with AI he can. Some New Yorkers may have received a robocall of the mayor speaking in their native tongue. Is this a golden opportunity or ethical dilemma? Plus, we&#8217;ll hear the latest on the Federal Reserve&#8217;s fight against inflation, and Treasury Secretary Janet Yellen answers questions on financially supporting Israel and Ukraine. Here&#8217;s everything we talked about: &#8220;Powell Says Strong Economic Data ‘Could Warrant’ Higher Rates&#8221; from The New York Times Climate protesters disrupt Jay Powell&#8217;s speech from Elis
20/10/202318 minutes 12 seconds
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A closer look at unemployment and wealth gap data

Initial jobless claims dropped last week, according to the Labor Department, but continuing claims ticked up. That could mean companies are hanging on to employees, but aren&#8217;t hiring new ones, an economist told us. We&#8217;ll talk about that at the top of the show. Later, Black and Hispanic household wealth grew faster than other households from 2019 to 2022. But that growth is a bit of an illusion. In this episode, two data stories with lots of nuance. Plus, the U.S.-to-Mexico gun pipeline and revenge spending.
19/10/202327 minutes 46 seconds
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Existing home sales, prices fall

Stocks fall; home sales down 2 percent from August; unemployment claims rise; leading economic indicators suggest further economic weakness.
19/10/20231 minute 5 seconds
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Household net worth soared during the pandemic

According to a recent survey by the Federal Reserve, the median household net worth jumped 37% from 2019 to 2022 after adjusting for inflation. Pandemic relief checks and extended unemployment benefits helped fatten bank accounts, even for low-income families. We&#8217;ll also check out what&#8217;s going on in the treasury market and hear the latest developments in the Sam Bankman-Fried trial.
19/10/20238 minutes 42 seconds
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High mortgage rates are battering the housing market

Existing home sales are down 15% compared to a year ago; jobless claims fall below 200,000; American Airlines posts quarterly loss; E.U. increases scrutiny of social media’s handling of Israel-Hamas war disinformation.
19/10/20231 minute 20 seconds
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What can parents do to ease the mounting pressure facing high schoolers?

All parents want their kids to succeed. But with AP and IB classes, extracurriculars and test prep, it seems like the bar to achieve for high school students just keeps getting higher. We delve into how we got here and how parents can help teens reframe their value and self-worth. But first: Netflix and bill? After a surge in subscribers following its password crackdown, Netflix is hiking prices.
19/10/20236 minutes 34 seconds
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Is a British billionaire about to buy a 25% stake in Manchester United?

From the BBC World Service: Manchester United&#8217;s board is meeting on Thursday to consider a bid from British billionaire Sir Jim Ratcliffe to buy a 25% stake in the club. Plus, Nokia cuts 14,000 jobs as its bet on 5G proves costly. And finally, the BBC&#8217;s James Graham explores why the cost of sending your children to private school in the United Kingdom is rising. &nbsp;
19/10/20236 minutes 36 seconds
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The potential return of net neutrality and the future of the digital divide

The talk of late at the Federal Communications Commission is whether to restore net neutrality. When the Barack Obama administration put those rules in place in 2015, the idea was to ensure that internet service providers — or ISPs — like Verizon and Comcast gave consumers fair access to the web and didn’t favor sites and services they controlled. But that mandate was repealed two years later under then-FCC Chair Ajit Pai, chosen by then-President Donald Trump. He argued that net neutrality would disincentivize companies from building their networks in low-income, urban and rural areas. Critics of the repeal argued that rural America&#8217;s ability to access the internet would be hurt. After the federal repeal, some states adopted their own net neutrality regulations while others didn’t, which provided a pretty great data set for researchers wanting to know: What would getting rid of net neutrality mean for internet access i
19/10/20235 minutes 27 seconds
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The “for-profit” in our health care system is showing

COVID-19 drug Paxlovid will soon hit the commercial market, and it won&#8217;t be cheap. We&#8217;ll talk about what the change means for patients and the drug&#8217;s accessibility. Plus, drone drug delivery is coming to certain rural communities. Also, in one woman&#8217;s case, a new pet is just what the doctor ordered. Here&#8217;s everything we talked about today: &#8220;Introducing “How We Survive: The Worth of Water&#8221;&#8216; from Marketplace <a href="
19/10/202317 minutes 30 seconds
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How water moves — or stalls — the economy

A fast-growing city in the Arizona desert wants to spend millions buying extra land just to access the water beneath it. Drought in the Panama Canal is causing headaches for a Pennsylvania customs broker. And in Texas, a shrinking water management workforce means utilities companies are recruiting high schoolers to join the trade. In this episode, we&#8217;ll dive into why water matters in this economy. Plus, small businesses navigate growing insurance premiums and teens try out LinkedIn.
18/10/202328 minutes 38 seconds
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Housing starts rise in September

Stocks fall; housing starts are lower than this time last year; resumption of student loan payments will have minor impact on consumer spending; labor market continues to loosen.
18/10/20231 minute 20 seconds
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U.S. imposes sanctions on Hamas financing

U.S. sanctioned 10 people and organizations; United Airlines to allow some window seat passengers to board first; Procter &amp; Gamble profits lifted by higher prices; U.S. Bank beats quarterly earnings estimates by charging higher interest to customers.
18/10/20231 minute 20 seconds
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Banks are mostly doing fine … but are little anxious

While Morgan Stanley reported a drop in quarterly profits this morning, most major banks have posted strong earnings thanks to higher interest rates. But some are finding evidence of financial strain among businesses and consumers. Then, X experiments with an annual fee for users in New Zealand and the Philippines. And later: a look at why mandated diversity training doesn&#8217;t really work.
18/10/20238 minutes 24 seconds
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How behind-the-scenes workers are weathering the actors strike

While the writers strike is over, actors have been striking for some three months now. That&#8217;s had impacts on those throughout the movie biz, including set builders, costume designers, production crews and more. But first: Lululemon joins the S&amp;P 500. Additionally, the human toll of the Israel-Hamas War continues to mount, but the conflict also brings geopolitical risks for the global economy. We discuss.
18/10/20237 minutes 59 seconds
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Aid agencies await plan to get humanitarian support into Gaza

From the BBC World Service: A senior aid worker explains the challenges and the urgency of getting humanitarian support into Gaza. Plus, X users in New Zealand and the Philippines will soon need to pay for basic features under Elon Musk&#8217;s latest plans. Then, as China&#8217;s Belt and Road infrastructure forum continues, we look at a project in Kenya, where work has halted after Beijing withdrew funding.
18/10/20237 minutes 43 seconds
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Bacteria could be the key to a safer, greener way of processing rare-earth metals

The word &#8220;bacteria&#8221; doesn&#8217;t exactly evoke positive images, but scientists at Cornell University recently discovered a novel way to replicate and use a bacterium from Oneida Lake in New York state. It&#8217;s called Shewanella oneidensis, and it has a special affinity for the rare-earth elements — such as so-called lanthanides, metals that are important for clean, renewable energy technology. The bacteria can be used to process rare-earth metals through a method called biosorption, which is considered safer and less taxing on the environment than current means of extraction. Marketplace&#8217;s Lily Jamali discussed the findings with Buz Barstow, a professor of biological and environmental engineering at Cornell and a lead researcher on the project.
18/10/20237 minutes 39 seconds
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Nuclear energy’s role in decarbonizing the economy

Despite a long period of relative stagnation, nuclear power has remained the quiet backbone of the United States&#8217; clean energy supply for decades. Now, the Joe Biden administration wants more from the sector as the country hustles to meet ambitious emissions goals. Jigar Shah, the director of the Energy Department&#8217;s Loan Programs Office, said nuclear energy will only become more critical as demand for electricity surges over the next 20 years. On the show today, Shah makes us smart about how much the country relies on nuclear energy. We&#8217;ll also discuss lessons learned from building the first nuclear reactor from scratch in decades, and how the industry plans to win over Americans who are concerned about safety and toxic waste. <!-- w
17/10/202324 minutes 52 seconds
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As COVID vigilance dwindles, medical companies ail

Many medical businesses thrived early in the pandemic. But now, domestic producers of personal protective equipment are struggling, COVID test makers have shuttered and vaccine developer Pfizer cut its revenue forecast for the year by $9 billion. In this episode, what might be next for the COVID economy. Plus, we&#8217;ll meet a writer who followed a meal literally from farm to table and visit two states that offer very different opportunities for remote work.
17/10/202326 minutes 5 seconds
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Retail sales rise in September

Stocks close mixed; inflation pushes up retail sales; industrial production rises; Bank of America profits grow.
17/10/20231 minute 20 seconds
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Some schools are bringing back school resources officers

Following the murder of George Floyd, more than 50 districts ended or curbed their use of school resource officers, or SROs. But school shootings have continued since then, and some of those districts are now reversing course. We visit one school district reinstating SROs and look at the costs. But first: the not-so-obvious connection between how much consumers are buying and our mortgage rates.
17/10/20236 minutes 53 seconds
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Americans just keep on spending

September retail sales jumped 0.7%; Choice Hotels makes $8 billion bid for Wyndham; Bill Ford warns strike could hurt automaker’s future; analysts expect Netflix to report subscriber growth when it posts quarterly earnings tomorrow.
17/10/20231 minute 5 seconds
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How workplace “gray areas” can perpetuate racism

While many companies have taken steps to address racial inequality, certain workplace dynamics and practices still allow racism to persist. We discuss what this looks like and what steps organizations can take to create more inclusive workplaces. Also: A recent ranking of retirement systems puts the Netherlands at the top of the list, while the United States received a C+. How can the U.S. raise its grade?
17/10/20236 minutes 52 seconds
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How strong are China and Russia’s economic ties?

From the BBC World Service: Russian president Vladimir Putin is set to hold talks with Chinese president Xi Jinping and take part in a forum on Beijing&#8217;s Belt and Road infrastructure initiative. So how strong are the nations&#8217; economic ties? And as the border between Gaza and Egypt remains closed, we hear the challenges of getting people and aid across the territory. Then: Now that the European Union&#8217;s ban on microplastics has come into effect, the bloc wants to tackle plastics in the supply chain.
17/10/20236 minutes 52 seconds
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How the IRS is using $60 billion to make filing taxes less painful

If you asked for an extension on last year&#8217;s taxes, the bad news is the filing deadline was yesterday. The good is if you got it in, refunds are expected to reach you faster than they have in recent years. The notoriously clunky technology behind the IRS is getting a massive update, thanks to a $60 billion cash infusion from last year&#8217;s Inflation Reduction Act. The IRS’ technology was considered cutting edge in the 1960s, but Erica Neuman, assistant professor of accounting at the University of Dayton, tells Marketplace’s Lily Jamali the IRS needs all the IT help it can get.
17/10/202312 minutes 19 seconds
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Is a crackdown coming for Realtors?

A class-action lawsuit is looking to end questionable practices by the National Association of Realtors. While antitrust concerns have surrounded Realtors&#8217; operations in the past, the association&#8217;s heavy lobbying may have prevented further investigation. We&#8217;ll talk about why this lawsuit might be different. Plus, we&#8217;ll do the numbers on the federal government&#8217;s ballooning interest bill. And, a lesson on laughter during trying times. Here&#8217;s everything we talked about: &#8220;Realtors Face an Antitrust Reckoning&#8221; from The Wall Street Journ
17/10/202316 minutes 20 seconds
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What does global trade policy have to do with the climate crisis?

High tariffs usually mean high prices, which can do bad things to economies and consumers. But what if tariffs were strategically used to encourage climate-friendly purchases? Take steel, for example. In this episode, we examine how trade policies could incentivize the use of recycled steel over steel made from scratch. Plus, why Rite Aid filed for bankruptcy, how natural gas prices could keep heating bills low this winter and what&#8217;s driving Tesla&#8217;s price-cutting strategy?
16/10/202327 minutes 46 seconds
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Rite Aid files for bankruptcy protection

Stocks rise; Rite Aid will close some stores; Lululemon Athletica will join the S&amp;P 500; housing data due this week.
16/10/20231 minute 20 seconds
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Expect mostly good news as corporate earnings reports roll in

Company earnings so far show 84% beat estimates, according to FactSet; WSJ survey finds recession risk below 50%; Rite Aid files for bankruptcy protection; Swift concert film makes record debut.
16/10/20231 minute 20 seconds
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The number of union petitions continues to climb

Data from the National Labor Relations Board shows the number of union petitions filed in the past year rose 3%. That&#8217;s following a whopping 53% increase the year before. But more union petitions don&#8217;t always mean more union members. We explore. Also, we discuss what we could be hearing from Fed officials this week and delve into the role of misinformation in the Israel-Hamas War.
16/10/20237 minutes 10 seconds
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Rite Aid files for Chapter 11 bankruptcy

A New Jersey bankruptcy court will hold the the first hearing on the restructuring of pharmacy chain Rite Aid today. The smaller rival of CVS and Walgreens has been limping along for years and has been hammered by opioid lawsuits. We also take a closer look at the benefits of including salary ranges in job postings. And later: What are the returns on investments in the arts?
16/10/20237 minutes 22 seconds
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TikTok says it will ramp up resources to tackle Israel-Hamas conflict misinformation

From the BBC World Service: TikTok says it is taking action against false and inaccurate content, and will assign more staff to tackle misinformation. In Greece, olive oil has been the target of a series of high-profile thefts. Plus, the Walt Disney Company celebrates 100 years since its inception.
16/10/20236 minutes 26 seconds
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The game-changing work of Jerry Lawson (rerun)

When you think of the early days of video games, the Fairchild Channel F console might not be the first brand that comes to mind. The Fairchild Channel F was released in 1976, before the more famous Atari released its console. It was also the first system to use individual game cartridges, thanks in large part to Jerry Lawson, a Black engineer at Fairchild. Marketplace&#8217;s Meghan McCarty Carino recently spoke with Anthony Frasier, CEO of ABF Creative and host of a podcast about Jerry Lawson called &#8220;Raising the Game,&#8221; about Lawson&#8217;s life and achievements.
16/10/202312 minutes 1 second
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The FDA’s formaldehyde fight

The Food and Drug Administration has proposed a ban on chemicals in hair-relaxing products. We&#8217;ll explain how the passing of the rule could be a big win for Black women&#8217;s health. And the battle for the speaker of the House continues with a new nominee. Plus, we&#8217;ll play a special spooky edition of This or That, in recognition of Friday the 13th. Here&#8217;s everything we talked about: &#8220;Exclusive: The F.D.A Is Taking Major Action To Protect Against Harmful Chemicals In Hair Products&#8221; from The Root <a href="
14/10/202322 minutes 13 seconds
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A $7 billion boost for the clean hydrogen effort

The Biden administration allocated $7 billion to hydrogen hubs across the country to boost production of low-cost, clean hydrogen. It&#8217;s part of a focus on clean energy and limiting greenhouse gas emissions. We&#8217;ll get into what Biden hopes the hydrogen hubs will accomplish and some of the scientific challenges they might face. Also in this episode: Big banks thrive while regional banks remain on the mend, and Microsoft closes its deal with Activision.
13/10/202328 minutes 16 seconds
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 JP Morgan profits rise on higher interest rates

Stocks close mixed; JP Morgan setting aside less cash to cover bad loans; consumer sentiment declines; import prices rise slightly.
13/10/20231 minute 20 seconds
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Big banks report big earnings

Citibank, Wells Fargo, JPMorgan Chase report higher quarterly profits; EU officially asks info from X about misinformation, hate speech moderation; Microsoft closes Activision Blizzard deal.
13/10/20231 minute 20 seconds
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How cryptocurrency helps fund Hamas

While questions remain about how Hamas financed its deadly attack on Israel last weekend, we know that the militant organization has been collecting funds in cryptocurrency. But U.S. and Israeli authorities have cracked down on this flow of funds in recent days. We discuss. Also, the Commerce Department is looking to tighten restrictions on AI chip exports to China.
13/10/20237 minutes 4 seconds
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A conversation with Nobel Prize winner Claudia Goldin

What do couples lose when one person prioritizes their career while the other — oftentimes women in opposite sex pairings — focuses on flexibility and care responsibilities? Today, we&#8217;re joined by Harvard&#8217;s Claudia Goldin, who revolutionized the study of why women earn less and won the Nobel Prize in economics this week, to discuss &#8220;couple equity.&#8221; And later: The IRS reports that the &#8220;tax gap&#8221; totaled nearly $700 billion in 2021.
13/10/20237 minutes 11 seconds
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Microsoft cleared to buy Activision Blizzard

From the BBC World Service: Microsoft&#8217;s revised offer to buy Call of Duty-maker Activision Blizzard has been approved by regulators in the U.K. The Competition and Markets Authority said the deal addressed its concerns, after the watchdog blocked the original $69 billion bid in April. Plus, it’s the 10th anniversary of China’s huge infrastructure project, the Belt and Road Initiative. Billions of dollars have been lent to countries in Africa, Asia, Europe and South America, but some countries are struggling with repayments.
13/10/20238 minutes 30 seconds
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The race for China’s electric vehicle market

Chinese automaker BYD is now the most popular EV in China and could soon beat Tesla as the No. 1 EV globally. As the Chinese auto market moves to electric, the playing field is getting crowded.
13/10/20235 minutes 53 seconds
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X faces fines for misinformation

After a swarm of misinformation and gruesome images took over X following Hamas&#8217; attack on Israel, Elon Musk is now under scrutiny by the European Commission to clean up the mess. We&#8217;ll also hear how climate change may be affecting our sense of fashion. And we hear this year&#8217;s Nobel Prize-winning economist on gender disparities in the workforce. Here&#8217;s everything we talked about: &#8220;X&#8217;s misinformation woes get worse during the Israel-Hamas conflict&#8221; from Marketplace <!-- /wp:list-item
13/10/20239 minutes 59 seconds
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The endless hamster wheel of inflation

According to the most recent consumer price index, inflation didn&#8217;t go up in September. But it also didn&#8217;t go down. To fight inflation, does the economy have to run in place, like a hamster on a wheel? We&#8217;ll ask a few economists. Also in this episode, Exxon shells out $60 billion to expand operations in West Texas, used car prices go down but remain out of reach for some buyers, and demand for &#8220;premium economy&#8221; seats drives up airline earnings.
12/10/202327 minutes 7 seconds
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Consumer prices rise at slower pace

Stocks fall; rent and gasoline push up consumer prices; Social Security benefits to rise by less than last year; new jobless claims unchanged from prior week.
12/10/20231 minute 20 seconds
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New signs inflation is slowing

Core consumer prices, excluding volatile categories, rose at their slowest pace in two years; Social Security benefits to increase 3.2% next year; Delta’s profits soar after increasing passenger capacity; Walgreens books $3.1 billion fiscal year loss.
12/10/20231 minute 5 seconds
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Early lessons for crypto from the SBF case

This week, the star witness in the fraud trial of FTX&#8217;s Sam Bankman-Fried took to the stand: Caroline Ellison, former head of trading firm Alameda Research and on-and-off romantic partner of SBF. We unpack what we&#8217;ve learned about the relationship between Alameda and FTX and what it could mean for investors and regulators going forward. Later: Holiday shopping is beginning. Already.
12/10/20237 minutes 46 seconds
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Striking actors and Hollywood producers have stopped talking

Hollywood studios and the unions representing actors resumed negotiations 10 days ago, but contract talks halted last night. Many of actors&#8217; key demands remain, and the news comes after Hollywood writers ratified their contract earlier this week. We hear the latest. Plus, economists expect some easing of inflation in the September consumer price index — but that doesn&#8217;t mean a smooth glide to the Fed&#8217;s goal of 2%.
12/10/20237 minutes 12 seconds
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Navigating life amid conflict in the Middle East

From the BBC World Service: How does life continue for those caught up in war between Israel and Hamas? We hear from a doctor in Gaza, a tech business co-founder in Tel Aviv, and the BBC&#8217;s reporter there, Clive Myrie, speaks to Israeli citizens who&#8217;ve answered the call for mobilization. Also, the BBC&#8217;s correspondent in Madrid, Guy Hedgecoe, explores the impact of climate change on tourism.
12/10/20238 minutes 15 seconds
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Fraud influencers, phishing and scams — account takeovers are on the rise

Whether it&#8217;s for travel, meals or event tickets, it&#8217;s hard to deny the allure of a good deal. And providing discounts through fraudulent means is a thriving business online. Once mostly relegated to the far reaches of the dark web, fraudsters are offering questionable deals to consumers on mainstream social media sites and messaging apps. That&#8217;s according to the online fraud prevention company Sift. Part of the scam is what is called an account takeover or ATO. Marketplace&#8217;s Lily Jamali spoke with Brittany Allen, a trust and safety architect with Sift, about why ATOs are increasing.
12/10/20239 minutes 36 seconds
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Was the Twitter clout-chasing really worth it?

When Elon Musk turned Twitter, now X, on it&#8217;s head, some media outlets decided to call it quits. Six months later, an internal memo at NPR says traffic has dipped only modestly. We’ll get into why Twitter may not have been the bedrock of online engagement that many had believed. And Caroline Ellison, Sam Bankman-Fried&#8217;s former adviser and girlfriend, has been testifying at his fraud trial this week. It has us thinking about how choosing a romantic partner can come with consequences. Plus, an initiative pushing back against the &#8220;tampon tax.&#8221; Here&#8217;s everything we talked about today: <a href="
12/10/202312 minutes 37 seconds
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EV subsidies are about to get simpler

Thinking about buying an electric vehicle? If you can wait till January, you can apply the $7,500 EV tax credit upfront to a car purchase. In this episode, more about why getting that cash at the dealership — rather than from the IRS — could get more EVs on the road. Plus, we&#8217;ll dig into what defines Native American art, hear about employers that remain resistant to pay transparency laws and try on the Birkenstock IPO for size.
11/10/202327 minutes 54 seconds
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Producer prices rise in September

Stocks rise; core producer price inflation slows; FOMC participants predict flat unemployment rate; economic outlook remains uncertain
11/10/20231 minute 20 seconds
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EU warns social media firms to moderate content about Israel-Hamas conflict

European Union says misinformation, pro-Hamas posts are illegal; wholesale prices rise by 0.5% in September; Exxon Mobil buys shale oil giant Pioneer for $60 billion; federal agencies announce new efforts to reduce consumer fees.
11/10/20231 minute 5 seconds
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Biden administration takes aim at junk fees

This morning, President Biden is set to announce new efforts to reduce fees consumers are charged on tickets purchases, utility bills, hotel charges and more. We dig into how regulators are looking to tackle hidden junk fees. Plus, Birkenstock — the sandal everyone loves to hate — walks onto the New York Stock Exchange today. And later: Walgreens pharmacists protest difficult working conditions.
11/10/20238 minutes 42 seconds
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Book bans carry an economic impact

The number of books banned in public schools surged by 33% last year. While that&#8217;s led to a spike in sales for some authors, it can also translate to dried-up sales or speaking opportunities for others. We hear from a few writers about how book bans have personally impacted them. But first: What does aid look like to Ukraine and Israel in a speaker-less House?
11/10/20237 minutes 31 seconds
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Making a footprint: Birkenstock steps onto the NYSE

From the BBC World Service: German shoemaker Birkenstock floats on the New York Stock Exchange today. BBC&#8217;s Damian McGuinness reports on its journey from shabby shoe to shabby chic. Meanwhile, in Israel, the government has launched a crypto crackdown over Hamas fundraising. Finally, a Swedish city is making plans to outlaw cars next year as it battles pollution, but at what cost?
11/10/20238 minutes 6 seconds
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San Francisco is becoming a tech hub again, Y Combinator CEO says

They say it&#8217;s harder to get into than Harvard: Y Combinator, YC for short, is &#8220;startup school&#8221; for tech founders. It takes applications twice a year. Being among the 230 startups accepted out of 24,000 means getting a half-million-dollar investment and access to mentors who&#8217;ve already made it. Airbnb, Reddit and DoorDash are on the alumni list. For most of its 18-year history, Y Combinator has been based in Mountain View, California, the heart of Silicon Valley. Recently, though, its center of gravity has moved about 40 miles north to San Francisco. YC opened a new office in June and now considers the city its headquarters. Garry Tan took over last year in a role once held by OpenAI CEO Sam Altman. Tan wants founders to be nearby, at least during the first three months they&#8217;re in the program. He told Marketplace&#8217;s Lily Jamali why during a walk through the city.
11/10/202313 minutes 22 seconds
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Shareholders vs. stakeholders, and the purpose of a corporation

Today we&#8217;re checking in on what happened after almost 200 high profile CEOs signed a statement in 2019 promising to serve stakeholders like employees and consumers along with their shareholders. Have those companies made any progress toward fulfilling those nonbinding pledges? That&#8217;s the question Molly Kinder, a fellow at the Metropolitan Policy program at The Brookings Institution, and her co-authors wanted to answer by analyzing the decis
11/10/202325 minutes 14 seconds
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Maybe don’t take a stand

The number of Americans who want brands to take a stance on political issues is trending down, according to a Bentley-Gallup poll. While a company&#8217;s public position on current events may have been on point over the last few years, consumers may see such statements as a ploy to make a buck. Still, there are some issues Americans want companies to speak up about, like climate change and labor conditions. Also in this episode: optimism ahead of corporate earnings reports, the problem with fixing AI bias, and a visit to a mushroom farm.
10/10/202327 minutes 19 seconds
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Small business optimism ticks down

Stocks rise; businesses point to inflation, tight labor market; PepsiCo profits rise; wholesale inventories tick down.
10/10/20231 minute 5 seconds
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Why you want to quit social media — but can’t

Be honest: How much value do you get out of being on TikTok, Instagram and other social media platforms? New research shows the role that FOMO plays in keeping us online. Today, we dig into the costs of not being on social media and explore how apps can become a collective trap. But first, we make sense of tightening financial conditions.
10/10/20237 minutes 10 seconds
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Global economic growth in 2024 could be slower than expected

IMF’s latest forecast is for the global economy to grew 2.9%; Pepsico boost earnings by raising prices, plans more hikes; Fed members say interest rates may be unchanged next month; Canadian auto workers at GM plants go on strike.
10/10/20231 minute 5 seconds
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Older workers are continuing to sit on the sidelines

So-called “prime age” workers — those 25 to 54 — are working jobs at a higher rate than before the pandemic. But the picture gets more complicated for older workers. We&#8217;ll take a closer look. Plus, gas prices have been deflating stateside despite OPEC trying to prop up oil prices. What gives? And later: The U.S. economy remains a bright spot at the annual World Bank/IMF meetings.
10/10/20237 minutes 14 seconds
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Bond market: Yields fall as investors look to safe havens

From the BBC World Service: Yields on U.S. Treasuries tumbled on early trading in Asia, as the conflict in Israel drives market uncertainty. And in Germany, campaigners are calling for the end of a decades-old law that jails people for using public transport without a valid ticket.
10/10/20239 minutes 25 seconds
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X’s misinformation woes get worse during the Israel-Hamas conflict

Last weekend, when Hamas launched a surprise attack on Israel, people around the world flocked to Twitter — now X — for up-to-the-minute information. What they found was a site crawling with misinformation: images captured months or years earlier in unrelated attacks, inaccurate claims about other countries entering the conflict, even a fake White House press release announcing billions of dollars in new U.S. aid to Israel made the rounds. And X&#8217;s owner, Elon Musk, promoting accounts known for spreading lies and hate didn&#8217;t help. The signal-to-noise ratio on X is worse than ever, said David Clinch, a founding partner of the social media intelligence agency Storyful and co-founder of Media Growth Partners. Marketplace&#8217;s Lily Jamali spoke with Clinch about what X users should remember when scrolling through the platform for news on the Israel-Hamas situation. <!-- /wp:paragrap
10/10/202312 minutes 19 seconds
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Israel, Ukraine and U.S. military aid

The Biden administration sending aid to Israel after a surprise attack from Hamas. We&#8217;ll unpack how financial assistance for Israel can make or break aid for Ukraine, and how dysfunction in the House of Representatives might throw a wrench into all of it. And Tesla&#8217;s latest price cut brings fierce rivalry with gasoline cars. Plus, a real-life reenactment of &#8220;The Neverending Story&#8221; (with a happy ending this time). Here&#8217;s everything we talked about: &#8220;Biden Says Military Assistance Is on Its Way to Israel&#8221; from The New York Times <a href="
10/10/202316 minutes 10 seconds
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How much is your paycheck really worth?

Real wages — what&#8217;s left in your paycheck after accounting for inflation — have been rising for the last several months. So how does the &#8220;what&#8217;s coming in&#8221; column in your finances spreadsheet compare to the &#8220;what&#8217;s going out&#8221; column? In this episode, we get into the nitty gritty of spending power and what it means for the economy. Plus, the green energy transition needs more workers, the lending business is sour thanks to high interest rates, and the Nobel Prize in economics goes to a gender wage gap expert.
09/10/202329 minutes 5 seconds
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Mack Truck workers join auto worker strike

Stocks close up; roughly 30,000 auto workers now on strike; Harvard economist wins Nobel prize for economics; bank earnings due later this week.
09/10/20231 minute 19 seconds
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Markets respond to the attacks in Israel

Oil and natural gas prices rose amid uncertainty; Harvard labor historian Claudia Goldin wins Nobel economics prize; UAW strikes expand to Mack Trucks; World bankers meet to discuss economic resiliency from natural disasters
09/10/20231 minute 20 seconds
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Businesses eye opportunities in student loan repayments

This month, payments on federal student loans resume. By one estimate, investors have poured $1.2 billion into student loan management startups in the past year. We take a look at this growing industry. But first, we hear how oil markets, bonds and more are responding to Israel&#8217;s declaration of war. And later: Ireland has a huge budget surplus. Now, the question is: How should it be spent?
09/10/20237 minutes 45 seconds
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Nobel economics prize won by pioneering gender gap researcher

Earlier this morning, we learned that Harvard economic historian Claudia Goldin was awarded the 2023 Nobel Prize in economics. Her research centers on labor market outcomes for women and the economic underpinnings of the gender pay gap. Senior economics contributor Chris Farrell joins the show to help us understand her works and their importance. Also: Workers at Mack Trucks go on strike.
09/10/20237 minutes 39 seconds
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Conflict in Israel impacts the oil markets

From the BBC World Service: Neither Israel nor Palestine are major oil producers, so why does conflict there have such a big impact on the price of oil? Will Bain from the BBC explains. Plus, Leanna Byrne has been finding out how Ireland bucked the trend and managed to gather a budget surplus.
09/10/20237 minutes 49 seconds
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As SBF sits in court, is cryptocurrency on trial too?

Almost one year after FTX collapsed, founder Sam Bankman-Fried is on trial for fraud. Crypto’s value has mostly recovered; users hope its reputation will too. Marketplace&#8217;s Lily Jamali spoke with Vicky Huang, a crypto reporter at The Wall Street Journal, about how the trial is affecting perceptions of the industry.
09/10/202311 minutes 30 seconds
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A moment of economic peril

Interest rates are high. Bonds yields are on the rise. And money is getting more expensive. We&#8217;ll explain what this means for consumers and fiscal policymaking. Plus, NASA has ambitious plans to send civilians to the moon (and make Kimberly&#8217;s dreams come true). Later, we&#8217;ll weigh in on self-checkout aisles and magnet less refrigerators during a round of Half Full/Half Empty. Here&#8217;s everything we talked about: &#8220;Pharmacies begin dispensing abortion pills&#8221; from Politico <li
07/10/202327 minutes 23 seconds
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What’s up with falling gas prices?

Last month, OPEC+ said it would cut oil production to raise prices. Simple economics, right? It worked for a few weeks, but now the price of oil is falling fast. In this episode, we&#8217;ll talk about why the oil cartel&#8217;s plan isn&#8217;t working out — it has a lot to do with low demand for gas across the globe. Plus, how the climate crisis shapes consumer demand and why the WTO lowered its 2023 global trade growth forecast.
06/10/202329 minutes 52 seconds
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Economy adds 336,000 jobs in September

Stocks rise; leisure and hospitality sector leads job gains; report could be a sign that the Fed will raise rates again; consumer credit falls.
06/10/20231 minute 20 seconds
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U.S. economy added 336,000 jobs in September

The increase was higher than analysts expected; average wages grew at an annual pace of 4.2%; investors bet that strong labor market will lead to another rate increase; gasoline prices are headed lower.
06/10/20231 minute 20 seconds
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A jobs report catching everyone by surprise

A whopping 336,000 jobs were created last month, according to the Labor Department. That figure is way higher than expected. We discuss how investors might be feeling and what it means for the Federal Reserve as continues trying to tamp down inflation. But first, there are signs of progress in the United Auto Workers strike. Then, we check in with how Europe&#8217;s smaller, independent hotels faring.
06/10/20237 minutes 24 seconds
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The economic effects of a Nobel Prize

The 2023 Nobel Prize in literature was awarded this week to Norwegian author Jon Fosse. Though well known around the world, he&#8217;s not quite a household name in the U.S. But that may change. How is the book industry prepping for a boost in the author&#8217;s profile and sales? Also on the program: Amazon satellites and the actors strike.
06/10/20238 minutes 12 seconds
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WTO halves growth forecast

From the BBC World Service: The World Trade Organization originally thought that global exports would grow by 1.7% this year, but now thinks they&#8217;ll only grow by 0.8%. The luxury brand Prada is to help design space suits for Nasa&#8217;s return to the moon in 2025. And Assassin&#8217;s Creed is one of the most popular and successful video game franchises ever, and with their new release, Mirage, they&#8217;re taking the game in a new direction.
06/10/20237 minutes 22 seconds
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Streaming data transparency a vast and contested terrain for Hollywood creatives

The lucrative NBC sitcom &#8220;Cheers&#8221; featured a washed-up baseball-player-turned-bartender, a spunky waitress and a bunch of regulars who hung out at the bar. By the end of its 11-season run in 1993, the show was getting 26 million viewers a week.Back then, the public could get a lot of information about how our favorite shows performed. But for streaming in 2023, that data is harder to come by. It was a sticking point in the five-month Hollywood writers strike. Members of the Writers Guild of America have until next week to ratify a new contract with studios that includes access to data like total hours streamed. But even that metric isn&#8217;t enough, Brandon Katz, a strategist at entertainment consulting firm Parrot Analytics.
06/10/202313 minutes 11 seconds
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Hot strike summer isn’t over

Another week, another strike. This time thousands of Kaiser Permanente workers have initiated the largest healthcare strike in the country. And while different sectors of the economy have been walking off the job this summer, the demands all seemingly sound the same. We&#8217;ll also hear one CEO&#8217;s take on how AI can add more leisure time to all of our lives. And Beyonce at the box office! Here&#8217;s everything we talked about: &#8220;Kaiser strike: More than 75,000 health care workers walk off the job&#8221; from NPR <li style
06/10/202312 minutes 48 seconds
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Buying a home is a bleak quest right now

The average monthly payment on new mortgages rose 46% in 2022, according to a new report from the Consumer Financial Protection Bureau. Combine steep home prices with climbing mortgage rates, and it&#8217;s a rough time to be a buyer. We&#8217;ll dig into how we got here and when things might cool off. Also in this episode, why demand for temp workers might not be the strongest economic indicator and how the recovery is going for Texas cities&#8217; downtown cores.
05/10/202329 minutes 3 seconds
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10-year bond yields continue to rise

Stocks close down; Fed policy pushes bond yields higher; higher yields could bring down the cost of imported goods; unemployment claims rise.
05/10/20231 minute 5 seconds
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VCs are finally waking up to aging as a business opportunity

Nearly one in six people in the United States is now 65 or older. While aging is often treated as an ominous economic problem, growing numbers of entrepreneurs and their financial backers are starting to see opportunities for innovation and profit in older populations. Plus, we got a peek at the latest unemployment claims today. And: the latest in the Justice Department&#8217;s antitrust trial against Google.
05/10/20239 minutes 59 seconds
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The labor market continues to look strong

Initial applications for jobless benefits totaled 207,000 last week; U.S. trade deficit shrinks 9.9%; labor talks at standstill between Kaiser Permanente, unions; U.S. regulators probing safety of ARC airbag inflators.
05/10/20231 minute 5 seconds
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The ousting of Kevin McCarthy is bad news for Ukraine

It&#8217;s been a mess in Congress this week. Kevin McCarthy is out as house speaker, while another government shutdown looms in the shadows. We unpack the economic impact that all this turmoil in Washington could have, including its potential affects on funding for Ukraine&#8217;s war efforts. But first: How are CEOs feeling right now? Plus, President Joe Biden cancels $9 billion in student loan debt.
05/10/20238 minutes 32 seconds
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2030 Soccer World Cup to be held on three continents

From the BBC World Service: The 2030 Soccer World Cup will be held in six countries on three different continents, so how will it affect the bottom line — the money the hosts could make and the cost of building infrastructure? Indonesia has the second highest number of TikTok users worldwide, many of whom use the e-commerce feature, TikTok Shop. But following protests by traders in Jakarta who say it&#8217;s damaging their business, the feature has been removed. Plus, the problem of bed bugs in Paris has become so serious that sniffer dogs have been deployed to try and root out them out.
05/10/20237 minutes 10 seconds
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California bill could lead the way in diversifying venture capital investments

Sand Hill Road in Silicon Valley&#8217;s Menlo Park is often referred to as the main street of venture capital. Funding from these influential firms can launch a startup into the big time — sometimes unicorn status. But just 2% of venture capital goes to all-female teams. That figure is even lower for Black women and Latina founders. A bill just passed by California lawmakers, SB 54, offers a first-in-the-nation push to gather the statistics on who&#8217;s getting all that highly sought-after cash. Gov. Gavin Newsom has until next week to sign it into law. Marketplace&#8217;s Lily Jamali spoke with reporter Hanisha Harjani of The Fuller Project about how it would work. The following is an edited transcript of their conversation.
05/10/20239 minutes 38 seconds
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The speaker ouster and its cost to our democracy

Business in the U.S. House of Representatives has come to a standstill after Kevin McCarthy was removed as speaker Tuesday. Fallout has been messy, to say the least. We&#8217;ll get into what this historic moment could mean for the health of our democracy. Plus, some jobs are more at risk of being automated by AI than others. And NASA astronauts on the Artemis III mission will head to the moon in style, with a little help from Prada. Here&#8217;s everything we talked about today: &#8220;Playbook PM: Jordan and Scal
05/10/202318 minutes 44 seconds
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Movin’ out

Nearly half of young adults in the U.S. are living with family — the highest rate since the 1940s, according to a Bloomberg survey. In this episode, we&#8217;ll talk to some of them about the hurdles they&#8217;re facing, from high rents to cutthroat competition. Plus, Americans are spending less at restaurants and the EU is investigating China&#8217;s electric vehicle subsidies. We&#8217;ll also hear from Politico&#8217;s Sudeep Reddy about whether the bond market could jeopardize the chances for a soft landing.
04/10/202329 minutes 3 seconds
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Private employer job gains slow

Stocks rise; ADP report points to weaker job market; services sector expands; factory orders rise.
04/10/20231 minute 5 seconds
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Private-sector job gains slow in September

Private employers added 89,000 jobs; Kaiser Permanente workers start 3-day strike; Netflix to raise prices after actors strike concludes, WSJ reports; Uber enters package delivery business.
04/10/20231 minute 20 seconds
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When kids as young as 13 work in slaughterhouses

The Labor Department is investigating Tyson Foods and Perdue Farms after reporting from The New York Times found that migrant children had been working hazardous overnight shifts. How have minors been able to work some of most dangerous jobs in this country? We&#8217;ll also get the latest on the Kaiser Permanente strike — believed to be the biggest health care industry strike in U.S. history.
04/10/20238 minutes 39 seconds
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The bond market is bringing the ’90s back

News of a leaderless House of Representatives is understandably grabbing headlines, but don&#8217;t miss what&#8217;s happening in the bond market. Investors are rushing to sell bonds, leading to higher borrowing costs and threatening prospects for a soft landing. But we&#8217;ve been here before. Plus, wealthy households cut back on charitable giving, and other brands threaten Nike&#8217;s sneaker dominance.
04/10/20237 minutes 57 seconds
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U.S. sanctions Chinese firms in fentanyl crackdown

From the BBC World Service: The U.S. Treasury Department announced sanctions against what it&#8217;s called a China-based network responsible for manufacturing and distribution of precursors of fentanyl and a number of other illegal drugs. An investigation has found that more than 50 YouTube channels have used AI to make science videos for kids, which get the facts wrong while getting millions of views. And band called Easy Life in England is being sued by the parent company of the low-cost airline EasyJet for using a similar name. &nbsp;
04/10/20236 minutes 52 seconds
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The beauty industry generates a lot of waste. Technology can help.

The beauty industry is getting bigger and more lucrative, but beauty brand Olay says that with about 80% of beauty products going unused, there&#8217;s an ugly side to that growth. Startups in Sweden and Finland hope technology can reduce cosmetic waste by changing the way we shop.
04/10/20235 minutes 43 seconds
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Crypto goes to court

Hey smarties! We recorded today&#8217;s episode before historic news broke that the House of representatives voted to oust Kevin McCarthy as speaker. We&#8217;re monitoring the story as it develops and as the House figures out what comes next. IIt&#8217;s Day 1 of Sam Bankman-Fried&#8217;s trial. Last year, The founder of FTX was charged with counts of fraud and conspiracy after his crypto exchange went under and investigators found that $8 billion in customer funds had gone missing. Before his fall from grace, SBF had become one of the most powerful players in the industry. This has us wondering: Is crypto on trial along with Sam Bankman-Fried? On the show today, Bloomberg&#8217;s Zeke Faux, author of &#8220;Number Go Up: Inside Crypto&#8217;s Wild Rise and Staggering Fall,&#8221; explains how the trial c
03/10/202333 minutes 23 seconds
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A high T-note yield could affect your wallet

The yield on 10-year Treasury notes hit the highest level since 2007 — not the best era to bring back, economically speaking. This is bad news for the government&#8217;s ability to borrow money, and it&#8217;s also not great for everyday Americans who plan to take out a mortgage or pay off their car. We&#8217;ll dig into why. Plus, attendance climbs at MLB games, the latest federal JOLTS report shows unexpected strength in the labor market and former Yellow truck drivers struggle to find jobs.
03/10/202328 minutes 6 seconds
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Job openings rise in August

Stocks close lower; job openings trending lower over the last year; logistics sector expands; business inventories lower than last year.
03/10/20231 minute 20 seconds
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The job market heated up in August

Job openings surged to 9.6 million; Hollywood actors, studios begin negotiating again; Kaiser Permanente workers poised to strike; Birkenstock plans IPO.
03/10/20231 minute 5 seconds
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Kaiser patients: You may want to check your appointments

Workers at Kaiser Permanente are poised to go on strike starting Wednesday. The nonprofit health care system serves some 13 million members, and union contract negotiations have been in the works since April. We dig into the issues for Kaiser employees and the impact a strike could have on patient care. Then: a closer look at the UAW&#8217;s fight to protect its members through the EV transition.
03/10/20238 minutes 22 seconds
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Potential fallout for diversity efforts in the business world

Over the weekend, a federal appeals court temporarily blocked a contest from awarding grants to businesses that are majority-owned by Black women. But that lawsuit — and others like it — may have chilling effects on workplace diversity efforts and could impact Black entrepreneurs seeking funding. Plus, trade resumes for shares of China&#8217;s troubled Evergrande. And later: What can we expect from the Sam Bankman-Fried trial?
03/10/20238 minutes 17 seconds
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OPEC chief fuels oil investment debate

From the BBC World Service: In an exclusive interview, the Secretary General of the oil producers cartel OPEC warns of &#8220;dire consequences&#8221; for the global economy if investment in the oil sector falls. Crisis-hit Chinese property giant Evergrande saw its shares jump when it resumed trading in Hong Kong, but its future is unclear. And the BBC&#8217;s Paul Kenyon tracks down one of the so-called &#8220;dark fleet&#8221; ships carrying Russian oil, despite G7 sanctions.
03/10/20237 minutes 58 seconds
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Are state and local governments embracing or banning generative AI?

A couple of weeks back, the news broke that a school district in Mason City, Iowa, was using ChatGPT to implement Iowa&#8217;s ban on books that include descriptions of sex acts. One book flagged was Buzz Bissinger&#8217;s classic &#8220;Friday Night Lights.&#8221; The thing is, that book includes no such descriptions, according to the author himself. Although the district reversed course, it&#8217;s an example of how more government officials are using artificial intelligence at work, in some cases leading to restrictions on tools like ChatGPT. Marketplace&#8217;s Lily Jamali spoke with journalist Todd Feathers, who covered this recently in Wired.
03/10/20239 minutes 41 seconds
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Presenting “The Ten News: Operation Climate Conservation” ♻️

&#8220;Ten News&#8221; Road Trip Remix: 👟 Grab your AirPods, favorite pair of tennis shoes, and hop outside, Ten&#8217;ers. Today&#8217;s episode is meant for a long walk or bike ride as we learn about ways to be more climate friendly. Let&#8217;s start with &#8220;Nature Nerds'&#8221; Laine Farber&#8217;s take on reducing your carbon footprint. Oh, we can&#8217;t forget Laine&#8217;s rundown of potty training cows.🌱 And last, but certainly not least, we&#8217;re talking futuristic farming and revisiting Garrison Harward at his aquaponics farm in Brooklyn! &nbsp;
03/10/202323 minutes 17 seconds
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Consumers are still living it up

We&#8217;re not in a government shutdown. Instead, we&#8217;re talking about consumers spending like it&#8217;s still hot girl summer. Concerts, travel and shopping sprees seem to remain a priority for many in this economy. We&#8217;ll discuss how this might be a sign of shifting attitudes around debt. Plus, there&#8217;s a market for everything — even candles for Washington, D.C., wonks! Here&#8217;s everything we talked about: &#8220;Trump’s understan
03/10/202314 minutes 37 seconds
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Millions owe student loan payments, again

After a three-year pause, student loan payments are resuming and interest is accruing. That means millions of Americans must once again put hundreds of dollars a month toward loan debt — money they&#8217;ve been spending freely since March 2020. We&#8217;ll ask a few experts about the effect this could have on the economy. Plus, SCOTUS will hear a case about the role federal agencies play in clarifying laws, and supply chains are looking scary this Halloween.
02/10/202326 minutes 53 seconds
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Manufacturing sector contracts

Stocks close mixed; manufacturers likely preparing to increase output; construction spending rises; jobs data due this week.
02/10/20231 minute 19 seconds
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New aid for Ukraine missing from shutdown deal

The funding bill that averted a government shutdown this past weekend notably lacked additional funding for Ukraine. Is it time to rethink what it will take to support Ukraine&#8217;s wartime economy? We explore new approaches that could allow the country to thrive during long-term conflict. Plus, a look at why fast-food companies are on board with a $20 minimum wage for workers in California.
02/10/20237 minutes 45 seconds
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Senate begins effort to pass more Ukraine aid

Additional Ukraine aid effort is more challenging in the House; appeals court temporarily blocks funding program for businesses majority-owned by Black women; U.S. manufacturing sector contracts for 11th month; Apple says software fix will resolve iPhone 15 overheating.
02/10/20231 minute 19 seconds
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The consequential cases to come before the Supreme Court

The U.S. Supreme Court begins a new term today and is slated to hear cases that would have the potential to dismantle some federal agencies, including one that polices the financial system. We preview the cases and their potential impact. Then, we do the number on Michigan autoworkers as their strike expands. Later: What will it take to make the video game industry more welcoming and diverse?
02/10/20238 minutes 21 seconds
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India is betting big on the gambling market

From the BBC World Service: India&#8217;s $1.5 billion online gaming industry faces a huge shake-up, as a 28% tax on revenue has come into effect. Meanwhile, Europe&#8217;s foreign ministers are gathering in Kyiv to show support for Ukraine after the U.S. cut aid. And the BBC&#8217;s Elizabeth Hotson reports on the growth of the tattoo removal market. &nbsp; &nbsp;
02/10/20237 minutes 17 seconds
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The history of the keyboard is filled with battles, controversies and lasers

The humble keyboard is the unsung hero of our tech lives. It’s the thing that almost every great modern book or screenplay or even Instagram caption was first written on. And yet, very few people are writing about it. Designer and writer Marcin Wichary sought to change that with his new book &#8220;Shift Happens.&#8221; In it, he chronicles the sometimes contentious history of the keyboard. Marketplace’s Lily Jamali spoke to Wichary about his research, beginning with the very first typewriters.
02/10/202312 minutes 26 seconds
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Washington’s looming deadlines (note the plural)

It&#8217;s going to be a tense weekend on Capitol Hill. Congress not only has the government shutdown deadline to deal with, it also has deadlines that affect the Federal Aviation Administration and the farm bill. We&#8217;ll explain what&#8217;s going on. Plus, the hosts weigh in on the Taylor Swift effect and &#8220;The Golden Bachelor&#8221; in a fresh round of our favorite game: Half Full / Half Empty! Here&#8217;s everything we talked about today: &#8220;Airline passengers could feel the bite as Congress nears two missed deadlines&#8221; from Politico <a href="http
30/09/202325 minutes 35 seconds
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Plunging U.S. crop exports, explained

The latest Commerce Department report is kind of a yawn, except for the fact that U.S. food exports — mostly soybeans, corn and wheat — plunged 20% compared to August last year. In this episode, why we&#8217;re selling fewer grains. (Hint: It has to do with rain and Ukraine.) Plus, the apprenticeship comeback, industrial-scale ticket scalpers and streaming viewership data.
29/09/202329 minutes 48 seconds
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Consumer spending rises at a slower pace

Stocks close mixed; spending on services rises; inflation slows further; consumer sentiment mostly unchanged.
29/09/20231 minute 20 seconds
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Skin in the Game: Tech leaders roundtable

The video game industry is bigger than movies and music combined. Our ongoing project is called &#8220;Skin in the Game,&#8221; and it&#8217;s a look at what games — and the vast industry that surrounds them — tell us about economics, business, money, careers and equity. And equity, in particular, is at the center of the discussion about what companies are doing and not doing to attract and retain talent who better reflect the diversity of game players and society. For more on that, we spoke with three leaders in the industry: Trinidad Hermida, CEO at The Hermida Company and executive director of the Black in Gaming Foundation. She’s also former head of diversity and inclusion at Niantic. We also spoke with Kevin Johnson, director of development at Double Fine Productions, which is part of the Xbox Game Studios family. And, Jessica Lindl, vice president and global head of education at Unity Technologies.
29/09/20231 hour 4 minutes 21 seconds
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Consumers are feeling a bit better

Some prices increased more slowly last month; consumer spending rose, driven by higher gas prices; the Biden administration unveils a new worker training program.
29/09/20231 minute 5 seconds
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Getting a COVID vaccine is kind of a struggle. Again.

While the latest COVID vaccines are now out, this is the first round of COVID vaccinations to rely mostly on the usual health insurance and provider networks as opposed to the government. What could possibly go wrong? Plus: Privet, Barbie! Despite Western sanctions, a pirated version of &#8220;Barbie&#8221; has made it onto the big screens in Moscow.
29/09/20237 minutes 25 seconds
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How the shutdown affects mortgages

As a government shutdown looms, mortgage rates have been rising. Those climbing rates have been chilling the housing market. We check in with lenders to see what mortgage demand is like. Then, to combat worker shortages, the Biden administration is releasing a worker training playbook. And later: The editor-in-chief of The Economist explains why she&#8217;s more concerned about the growing cost of U.S. debt than the shutdown.
29/09/20237 minutes 44 seconds
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Russians queue for “Barbie” movie despite sanctions

From the BBC World Service: Officially, &#8220;Barbie&#8221; isn&#8217;t showing in Russia, but unofficially, pirated versions are doing a roaring trade in Moscow cinemas. Then, the European Union has the gig economy in its sights; it’s working on legislation that could give gig workers for ride-hailing or food delivery apps more rights. Plus, the giant Chinese property developer Evergrande has confirmed that its founder and chairman has been detained on suspicion of criminal activity. Its shares remain suspended.
29/09/20238 minutes 34 seconds
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How California’s Delete Act could impact the business of data brokering

There&#8217;s an entire industry built around making money off personal information that&#8217;s gathered online. Companies known as data brokers collect it, then sell it to other parties. California tried to tackle this problem a couple of years ago, giving consumers the right to ask that companies delete their information. But actually doing that is tedious. Consumers have to make the request one company at a time. A bill passed by California lawmakers this month aims to change that by allowing one request to apply to all data brokers. SB 362, also known as the Delete Act, would additionally require brokers to register with the state. At this point, the legislation needs Gov. Gavin Newsom&#8217;s signature to become law. Jessica Rich, a senior policy adviser for consumer protection at the law firm Kelley Drye, laid out the stakes of the issue for Marketplace&#8217;s Lily Jamali.
29/09/20236 minutes 23 seconds
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The sliver of the federal budget Congress is fighting over

We&#8217;re in the final days before a potential government shutdown, and negotiations aren&#8217;t going well. At issue is the federal government&#8217;s $6 trillion budget. But with most of that money already spoken for, only a small sliver of spending is actually up for debate. We&#8217;ll explain. And have you heard of the paper ceiling? Plus, Kai and a famous Hollywood star share their dislike for pumpkin spice! Here&#8217;s everything we talked about: &#8220;Biden makes history by joining striking autoworkers on the picket line&#8221; from NBC News <li st
29/09/202314 minutes 32 seconds
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$2 trillion in savings, spent

Americans saved a lot during the first few years of the pandemic. But some economists say those excess savings are running low or even have been entirely depleted. Where did all the extra cash go? Also in this episode: Unemployment falls to fantastic lows in three states, a government shutdown would bring financial stress to Native nations and the majority of millennials now own homes.
28/09/202328 minutes 5 seconds
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Pending home sales fall

Stocks rise; pending home sales suggest existing home sales could drop; mortgage rates rise to highest level since 2000; jobless claims tick up
28/09/20231 minute 5 seconds
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Stocks open lower

Investors worry about a government shutdown; U.S. economic growth increased at an annual rate of 2.1% in the second quarter; first-time claims for unemployment benefits are up a bit less than expected; trading in shares of the troubled Chinese property developer Evergrande is suspended.
28/09/20231 minute 5 seconds
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Is a blank canvas still art?

A few years ago, an artist was commissioned by a Danish museum to produce one of his signature pieces — a canvas covered in money calling attention to low average incomes and inequality. Instead, he gave the museum blank canvases as part of a work titled &#8220;Take the Money and Run.&#8221; So what happens when an artist does just that? We also bring you the latest developments on the looming government shutdown.
28/09/20236 minutes 50 seconds
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The exceptions to the minimum wage

In many parts of the U.S., it’s still legal to pay workers with disabilities a subminimum wage. But the Department of Labor said this week that it’s planning a comprehensive review of the policy. We dig in. Then, we take a look at the investments needed to avoid climate catastrophe. Plus, what would a government shutdown look like for federal employees?
28/09/20237 minutes 48 seconds
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Will Evergrande ever recover?

From the BBC World Service: Shares in crisis-hit Chinese property giant Evergrande have been suspended again in Hong Kong, and it comes after reports its chairman had been placed under police surveillance. Plus, EA Sports&#8217; soccer game FIFA generates billions of dollars, but a fresh commercial approach means this year&#8217;s edition has a new name. And later: Why are authorities in Paris keen to subsidize healthcare for the city&#8217;s pets?
28/09/20236 minutes 57 seconds
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After a decade, the EU draws the curtains on its Human Brain Project

In making the case for the Human Brain Project back in 2009, neuroscientist Henry Markram noted that 2 billion people are affected by some kind of mental disorder. It was time, he said, to explore fundamental questions about how the brain works. The collaboration that resulted involved hundreds of scientists across several nations. This week marks the end of Europe&#8217;s ambitious but also at times controversial initiative. Marketplace&#8217;s Lily Jamali spoke with Miryam Naddaf, a reporter for the publication Nature, about what the project&#8217;s researchers have accomplished.
28/09/20239 minutes 38 seconds
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Musk and the military industrial complex

Elon Musk’s business relationship with the Pentagon is going strong. SpaceX just scored its first defense contract from the U.S. Space Force, giving Musk more control over on-off switches (see: Ukraine). We&#8217;ll get into the potential consequences of having a single private citizen like Musk so entangled in geopolitics. Plus, welcome home, astronaut Frank Rubio, and bye-bye panda cams? Here&#8217;s everything we talked about today: &#8220;Elon Musk Wins US Space Force Contract for Starshield&#8221; from Bloomberg <!-- /wp:list-it
28/09/202317 minutes 30 seconds
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Feeling the oil-flation?

Oil keeps the gears of the American economy running, from transportation to manufacturing. But the cost is creeping up — crude may well reach $100 a barrel soon. In this episode, we&#8217;ll trace how high oil prices ripple through our lives. Plus, college cost transparency, aircraft order volatility and federal firefighter pay cuts.
27/09/202327 minutes 19 seconds
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Durable goods orders rise

Stocks close mixed; machinery orders continue to rise; SEC warns about government shutdown risks; oil prices rise
27/09/20231 minute 5 seconds
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Hollywood writers can return to work today

The writers union claims key victories in streaming, AI use; durable goods orders picked up in August; Target closing nine stores due to theft, violence; Las Vegas hospitality workers authorize strike.
27/09/20231 minute 5 seconds
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An end-of-summer consumer bum-out

Earlier this year, people were feeling more upbeat about the economy, with the job market hot and inflation cooling. But consumer confidence fell for the second straight month in September, according to The Conference Board. What&#8217;s weighing on consumers&#8217; minds? We also unpack the lawsuit filed against Amazon by the FTC and 17 states, then hear about India&#8217;s premium motorcycle business boom.
27/09/20237 minutes 45 seconds
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While the writers strike is over, the actors strike is not

Late-night talk show fans rejoice: The Hollywood writers strike is over. We outline the wins of the deal — including pay increases, minimum staffing requirements and limits on the use of AI — and discuss what it means for your favorite shows and actors still on strike. Then, what sorts of responsibilities to foodies have to the communities they explore?
27/09/20236 minutes 45 seconds
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India’s motorcycle industry has its foot on the gas

From the BBC World Service: Before Brexit, goods moved freely between the United Kingdom and the European Union, but now there are far more rules and checks. BBC international business correspondent Theo Leggett reports on carmakers who are calling for a delay to a new trade tax. Also, the European Court hears a climate case brought by Portuguese youth. Finally, the BBC&#8217;s Archana Shukla has gone racing in India as the popularity of motorcycling opens up business opportunities for premium makers.
27/09/20237 minutes 5 seconds
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What the FTC’s antitrust lawsuit means for Amazon

According to a lawsuit filed Tuesday by the Federal Trade Commission and 17 states, &#8220;Amazon is a monopolist.&#8221; They say Amazon uses strategies that prevent sellers on its online marketplace from lowering prices on other platforms and compels them to use Amazon&#8217;s logistics service to be eligible for Amazon Prime. Marketplace’s Lily Jamali spoke to Neil Chilson, the former chief technologist at the FTC and currently a research fellow at the Center for Growth and Opportunity, about the FTC’s lawsuit. He said Amazon’s argument will likely hinge on the amount of value they’ve created for consumers and sellers.
27/09/20236 minutes 39 seconds
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The real problem with passing the federal budget

We&#8217;re on the brink of yet another government shutdown. If Congress fails to pass legislation to keep the federal government fully up and running past Oct. 1, it would be the country&#8217;s fourth shutdown in the last decade. This has us wondering: Why does passing the federal budget often get so messy? On the show today, Molly Reynolds, senior fellow at the Brookings Institution, explains how the federal budget process is supposed to work, why it often breaks down and why other countries don&#8217;t seem to have the same problem. Plus, how we can make the process smoother, given the Congress we&#8217;ve got. Then, we&#8217;ll get into why the FTC is suing Amazon and how it might shape wh
27/09/202333 minutes
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Housing market role play

The July Case-Shiller home price index came out today, and it hit an all-time high. But mortgage rates, at 7%, are also high. We&#8217;ll demonstrate what this unusual pairing means for the housing market with some buyer-seller role play. Also in this episode: Staving off climate change will cost trillions, the pumpkin spice latte turns 20 and gas prices fuel consumer sentiment.
26/09/202327 minutes 6 seconds
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New home sales ticked down in August

Stocks fall; sales are still up from a year ago; FTC, several states sue Amazon over unfair trade practices; consumer confidence falls in September
26/09/20231 minute 5 seconds
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Home prices increased despite high interest rates

Home prices increased in July, but prices of new homes fell again in August; consumer confidence declined for the second month; most companies are not ready for ESG audits, survey finds.
26/09/20231 minute 5 seconds
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Look, ChatGPT. Look and see. Talk, ChatGPT. Talk to humans.

No, we&#8217;re not talking about a 21st century twist on the classic Dick and Jane. The makers of ChatGPT are now giving the artificial intelligence tool the ability speak and see. ChatGPT&#8217;s parent company, OpenAI, is planning to roll out the updated artificial intelligence to paying customers in the coming weeks. We humans discuss the changes. Then, we hear about a standoff over territory in the South China Sea.
26/09/20236 minutes 48 seconds
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Spotify CEO: We will not ban AI-created music

From the BBC World Service: Spotify dominates the music streaming landscape, but they&#8217;re not about to ban AI-created content. That&#8217;s according to its founder and CEO, Daniel Ek, who has been speaking exclusively to the BBC. Additionally, officials in the Philippines have told the BBC that they won&#8217;t be daunted by Beijing in a territorial stand-off in the South China Sea, and they have now removed a floating barrier installed by China to block fishing boats. The BBC&#8217;s Laura Bicker reports from the island of Palawan.
26/09/20237 minutes 31 seconds
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Video game characters also consider going on strike

President Joe Biden will join picketing autoworkers in Michigan today, while former President Donald Trump is slated to visit tomorrow. More labor organizing news also broke overnight: Members of SAG-AFTRA have voted to authorize a strike against 10 major video game companies. Then, Ford pauses construction on a battery plant site. Plus, what exactly does it mean to have a &#8220;partial government shutdown&#8221;?
26/09/20238 minutes 16 seconds
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What’s happening in the Google antitrust trial? It’s kind of a black box.

We&#8217;re going on Week 3 of Google&#8217;s high-stakes trial over allegations that it bought its way to dominance in internet search. The Department of Justice and several states allege that the tech giant has maintained a lucrative monopoly through exclusive contracts with browser companies and phone makers like Apple and Samsung. Google has countered that it&#8217;s dominant in search because it offers the best product. Covering this trial has been a complicated task. Part of the challenge is that Google and other companies involved have moved to shield documents from public view. That applies to some testimony too. Leah Nylen, an antitrust reporter for Bloomberg who&#8217;s been present throughout, told Marketplace&#8217;s Lily Jamali about the trade-offs involved in these confidentiality decisions. &nbsp;
26/09/202312 minutes 44 seconds
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Why big GOP money matters less than ever

Some big Republican donors are in a bind. They&#8217;ve been hoping for an alternative presidential nominee to Donald Trump to write their checks to, but now they seem to be giving up on that idea and are keeping their money on the sidelines. We&#8217;ll discuss what that means for spending in the 2024 election. Plus, what&#8217;s happened to Greece since its debt crisis? And what Kimberly discovered about cocktails and ChatGPT when she walked into a bar. Here&#8217;s everything we talked about: &#8220;Big GOP donors hoped for an alternative to Trump. Now some are giving up&
26/09/202317 minutes 31 seconds
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The business of getting offices back in business

How do I make non-Zoom eye contact? What should I share about my personal life? Is my lunch stinky? Work etiquette experts are helping companies ease the back-to-office transition. Also in this episode: UAW strike strategies, the economics of recycling plastic, a hops farm check-in and domestic worker contracts.
25/09/202328 minutes 14 seconds
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Moody’s: Shutdown could hurt U.S. credit

Stocks close higher; Moody’s warns a shutdown could impact the U.S.’s credit rating; Ford pauses battery plant construction; LEGO abandons recycled plastic plan.
25/09/20231 minute 5 seconds
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Why fixing your car may soon get harder

The United Auto Workers union has expanded its strike to include some parts distribution centers. The move will impact car companies, car dealers and customers alike. We take a closer look. Then, we explore the mounting pressures brought on by higher interest rates that consumers looking to buy homes or cars are facing.
25/09/20237 minutes 56 seconds
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Ford: ‘Significant gaps’ remain in negotiations with striking autoworkers

Biden, Trump scheduled to visit autoworkers in Michigan; striking writers’ union has tentative deal with studios; $1.4 billion in federal funding will upgrade passenger rail service in dozens of states; Amazon invests in AI startup Anthropic.
25/09/20231 minute 5 seconds
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Tentative deal reached on the Hollywood writers strike

The Writers Guild of America reached a proposed contract agreement with Hollywood studios over the weekend. While union members still need to ratify the deal, we&#8217;ll dig into the latest developments. Then, a Senate bill could make it easier for legal cannabis businesses to access banking services. And later: the unintended consequences on Russians using crypto.
25/09/20238 minutes 11 seconds
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Evergrande’s rescue plan runs into trouble

From the BBC World Service: Shares in the Chinese property giant Evergrande have plunged after it said it&#8217;s unable to issue new debt, because its subsidiary, Hengda Real Estate Group, is being investigated. Plus, Screenwriters in the U.S. are finally on the brink of ending their nearly five-month long strike — their union has reached a tentative deal with studio bosses. Then, cork or screw top? As the wine industry focuses on sustainable materials, cork is back in demand, helped by an innovation that has solved the problem of &#8220;corked&#8221; wine. And later: The world&#8217;s largest toymaker, Lego, has hit a brick wall in its quest to be more eco-friendly.
25/09/20237 minutes 39 seconds
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How countries around the world shape their data policy

It&#8217;s impossible to quantify the volume of data generated by citizens around the world. Make no mistake, though — data has become a commodity to the companies that monetize it. At the same time, governments are making laws around how to protect it, who can access it and even where to store it. These choices are guided by how leaders think data can advance their national interests, according to Gillian Diebold at the Center for Data Innovation, who just wrote an analysis on the subject. She spoke with Marketplace&#8217;s Lily Jamali about data policies in China, the United Kingdom, the European Union, Singapore and India and how they compare.
25/09/202311 minutes 8 seconds
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Corruption is a bipartisan problem

Across the political spectrum, corruption seems to be the big news of the day. Democratic Sen. Bob Menendez was indicted today for taking hundreds of thousands of dollars in bribes. Meanwhile, ProPublica reported that Supreme Court Justice Clarence Thomas secretly attended Koch Network donor events that could be in violation of federal law. (And, let&#8217;s not forget the former president&#8217;s indictments.) We&#8217;ll discuss the role of the press and the Department of Justice in trying these cases. Then, we&#8217;ll play Half-Full/Half-Empty and debate whether shorts on the Senate floor should be the new norm. Here&#8217;s everything we talked about: <a href="
23/09/202340 minutes 58 seconds
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The early bird gets the worm

Diners are digging in earlier than ever across the U.S. It&#8217;s an adjustment for the restaurant industry, but it might be better for workers and eaters alike. Plus, a flood of new apartment buildings should ease rent inflation, but it won&#8217;t solve the housing crisis. We&#8217;ll also analyze the week&#8217;s economic happenings with The New York Times&#8217; Jeanna Smialek and Politico&#8217;s Sudeep Reddy.
22/09/202326 minutes 56 seconds
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Manufacturing production falls at slower pace

Stocks fall; autoworkers expand strike; manufacturers are more optimistic; service sector contracts
22/09/20231 minute 41 seconds
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UAW expands strikes while announcing progress

UAW expanded strikes against Stellantis, GM and announced progress with Ford; Hollywood writers, studios continue talks; Texas judge declines to block Biden ESG rule; Amazon to start showing ads on Prime Video.
22/09/20231 minute 5 seconds
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Why Americans keep buying British soccer teams

The owner of the Everton soccer club in England’s Premier League has agreed to sell the Liverpool-based team to an investment group based in Miami. If approved, it would mean Americans own 10 of the 20 clubs in the world’s most lucrative soccer league. What&#8217;s behind the surge in Yankee investment? Then, we examine how to combat both poverty and the climate crisis.
22/09/20236 minutes 15 seconds
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The government is spending less on kids. That comes with a cost.

During the pandemic, federal subsidies kept many child care facilities afloat. But that aid will begin to disappear at the end of the month. Meanwhile, federal spending on kids has generally fallen. We examine the impact on children and families. We&#8217;ll also do the numbers on a potential government shutdown. And later: a kid-friendly guide to tipping.
22/09/20237 minutes 25 seconds
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Activision Blizzard deal back on

From the BBC World Service: The United Kingdom is set to clear a fresh Microsoft-Activision deal. In August, the &#8220;Call of Duty&#8221; maker agreed to sell its streaming rights to Ubisoft Entertainment and the U.K.&#8217;s regulator, the Competition and Markets Authority has now said this &#8220;substantially addresses previous concerns.&#8221; Energy giant Chevron and unions have struck a deal to end strikes at two large liquefied natural gas facilities in Australia. The industrial action had threatened to disrupt exports of LNG. Plus, it was all about interest rates this week: Which central banks would up them or hold them? We look at some of those big decisions.
22/09/20237 minutes 7 seconds
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AI in schools creates greater risk for marginalized students, researchers find

When ChatGPT came on the scene in November, it sent schools across the country into a panic. Some districts immediately started setting rules around how students could use artificial intelligence programs in their schoolwork. Others moved to ban them altogether. All this happened while information about the good and the bad of AI&#8217;s foray into classrooms was still pretty scarce. Researchers at the Center for Democracy &amp; Technology, based in Washington, D.C., gathered data to counter some of the hype. Marketplace&#8217;s Lily Jamali discussed it with Elizabeth Laird, CDT&#8217;s director of equity in civic technology and a co-author of a report out this week. &nbsp;
22/09/20235 minutes 21 seconds
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What a shock to the economy could mean right now

We are nine days away from another government shutdown if Congress can&#8217;t reach a spending deal. We&#8217;ll hear from Treasury Secretary Janet Yellen on what a shutdown could do to our current economy. Plus, the facial recognition story that creeped out Kai. And, did you remember? We&#8217;re celebrating one of Earth, Wind &amp; Fire&#8217;s greatest hits. Here&#8217;s everything we talked about: &#8220;&#8216;Absolutely no reason&#8217; for a government shutdown, says Treasury secretary&#8221; from MSNBC <!-- /wp:li
22/09/202313 minutes 51 seconds
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50 years after the oil embargo, the U.S. is playing catch-up

The idea of energy &#8220;conservation&#8221; was new to Americans in 1973. Experiencing a first-of-its-kind gasoline shortage, the U.S. began to encourage fuel efficiency in cars and homes. If President Ronald Reagan hadn&#8217;t reversed such commitments, would renewable energy be ubiquitous today? Plus, doing without: manufacturing without temp workers, the Fed without government economic data and NYC without Airbnb.
21/09/202328 minutes 39 seconds
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Existing home sales fall in August

Stocks fall; existing home sales are down more than 15 percent over the last year; leading economic indicators fall; unemployment claims drop
21/09/20231 minute 41 seconds
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Interest rate cuts? Not any time soon.

Goldman Sachs now forecasts rate cuts in Q4 of 2024; Murdoch stepping down as chairman of Fox, News Corp; leading economic indicators index down 3.8% in six months; initial jobless claims decline to 200,000; existing home sales fall 0.7% in August.
21/09/20231 minute 5 seconds
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UAW threatens to expand strike

Almost a week into the autoworkers strike, there are few signs of progress. If little movement is made by tomorrow, the United Auto Workers union is promising to expand their strike. We look at the impact this could have. We also examine why more companies are going private and hear how one Skid Row nonprofit is grappling with a dip in volunteerism.
21/09/20238 minutes 15 seconds
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Hold steady. Wait and see. For now.

That seems to be the current approach by the Federal Reserve as it aims for a 2% inflation target. The central bank opted to leave interest rates unchanged yesterday, but what about the path forward? We dive in. Plus, TikTok drives &#8220;frenzies&#8221; of antisocial behavior, a BBC analysis shows. And later: a view of tipping from the United Kingdom.
21/09/20238 minutes 20 seconds
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Poland’s grain row with Ukraine escalates

From the BBC World Service: Poland has been one of Ukraine&#8217;s staunchest allies since Russia&#8217;s full scale invasion last year — welcoming more than a million refugees and helping to supply a stream of weapons. But now it says it will no longer supply its neighbour with arms in a row over grain imports. Plus, Tesla is eyeing expansion in India but how ready is the country&#8217;s charging infrastructure for a big electric vehicle push? &nbsp;
21/09/20236 minutes 30 seconds
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“Model collapse” shows AI doesn’t have the human touch, writer says

AI chatbots have gotten pretty good at generating text that looks like it was written by a real person. That&#8217;s because they&#8217;re trained on words and sentences that actual humans wrote, scraped from blogs and news websites. But research now shows when you feed that AI-generated text back into the models to train a new chatbot, after a while, it sort of stops making sense. It&#8217;s a phenomenon AI researchers are calling &#8220;model collapse.&#8221; Marketplace&#8217;s Lily Jamali spoke to Clive Thompson, author of “Coders” and contributing writer for the New York Times Magazine and Wired, about what could be a growing problem as more AI-generated stuff lands on the web.
21/09/20238 minutes 22 seconds
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Introducing: PBS Kids’ “Jamming on the Job”

&#8220;Jamming on the Job&#8221; is a multigenerational, music-inspired podcast for kids ages 4 to 8 and their parents and caregivers. It stars Christina Sanabria and Andrés Salguero, the Latin Grammy Award-winning kids’ music duo known as 123 Andrés. Join Christina and Andrés as they tour the country and perform songs about the world of work. At each place they go, they meet a grownup with a different kind of job who helps them along their way. As Christina and Andrés learn about the new and inspiring career of the day and the skills needed to succeed in that job, they compose an original song about it with help from their Magic Beatmaster Boombox, voiced by Grammy Award-nominated musician Pierce Freelon. In addition to exposing kids to a wide variety of career paths, each episode will highlight foundational skills relevant to each job, such as empathy, social problem-solving and responsibility as well as flexible thinking, impulse
21/09/20231 minute 38 seconds
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AI and its role in elections

A new chatbot that uses artificial intelligence to mimic the leading candidates in the 2024 presidential race is fresh on the scene. Users can query a candidate&#8217;s avatar or conjure up a one-on-one debate. We’ll get into the potential impact of AI on future U.S. elections and what some politically engaged citizens are doing about it. Plus, we&#8217;ll explain why the wait for your morning latte at Starbucks might be getting out of hand. And Operation Santa is open for business. Here&#8217;s everything we talked about today: <a href="
21/09/202316 minutes 4 seconds
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Do you advertise en Español?

About three-quarters of Latinos in the U.S. speak at least some Spanish. Marketing experts have caught on. We&#8217;ll talk to a few about how they strike an English-Spanish balance in ads geared toward the growing demographic. Plus, Amazon is already aggressively hiring for the holidays, Japan might prop up the yen again, and the Federal Reserve didn&#8217;t raise rates — this time.
20/09/202327 minutes 18 seconds
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Fed holds interest rates unchanged

Stocks fall; Fed chair Jay Powell wants to see more evidence that rates are restrictive enough; General Mills says sales rose.
20/09/20231 minute 5 seconds
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Ford reaches tentative deal with Canadian workers

Ford, Uniform reach deal that needs workers’ ratification; UAW says workers are now striking at an Alabama auto supplier plant; Government shutdown will likely prevent Fed rate hike in November, PIMCO says; White House launching Climate Corps jobs program
20/09/20231 minute 5 seconds
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To tip or not to tip?

Expectations around tipping have evolved in the last couple of years. So how much should you be tipping these days? What about for dine-in versus takeout or delivery? And why does tipping stir up such strong emotions? We answer these questions — no tip required. But first, it&#8217;s decision day for the Federal Reserve. We preview today&#8217;s interest rate announcement, as well as the Fed&#8217;s economic projections.
20/09/202310 minutes 11 seconds
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The climate crisis will make housing affordability even worse

The price of insurance premiums are not keeping up with the amount of risk homeowners face as the climate crisis plays out. A price correction is coming, a new report finds, and it&#8217;ll push housing affordability further out of reach. And later: How does tipping in South Korea compare to the United States?
20/09/20238 minutes 6 seconds
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Japan’s fish exports plummet as China ban bites

From the BBC World Service: Japan&#8217;s fishing exports plummet 70% after China banned imports over the release of treated radioactive water from the Fukushima power plant, the BBC&#8217;s Mariko Oi reports. The United Kingdom is considering delaying a ban on the sale of new gasoline and diesel cars, watering down its green ambitions. Finally, Venice is set to introduce a daily tourist levy in an attempt to reduce the number of day-trippers to the city, the BBC&#8217;s Giovanna Girardi reports.
20/09/20236 minutes 15 seconds
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The race to develop earthquake warning tech

Earthquakes are the trickiest phenomena to detect ahead of their impact. California, for example, has the MyShake app, which aims to notify Californians seconds ahead of a quake. But aside from the public sector funding this type of lifesaving innovation, private companies are also racing to develop the tech for earthquake warning and alert systems. The BBC’s Will Bain reports.
20/09/20234 minutes 53 seconds
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The facial recognition software cops are raving about

Clearview AI, widely used by U.S. law enforcement, can find a face anywhere on the internet thanks to a database of billions of scraped photos. Journalist Kashmir Hill, who recently published a book about Clearview, will tell us what it was like to investigate a company that&#8217;s always watching. Plus, the viability of a four-day workweek for blue-collar jobs and an electrical transformer shortage.
19/09/202326 minutes 17 seconds
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The clash of Bidenomics and MAGAnomics

President Biden is pitting his plan for the U.S. economy against so-called &#8216;MAGAnomics&#8217;, the economic ideas that defined the Trump era. Mark Blyth, political economist at Brown University, said the clash is all about who wins and who loses as the U.S. decarbonizes. On the show today, Blyth explains what Bidenomics actually means and why it&#8217;s not the easiest message to sell to voters. Plus, how the United States let go of its industrial base and what it will take to re-industrialize for a clean energy future. Then, strikes across the country are putting President Biden’s pro-union reputation to the test. And, we’ll get into what rising oil prices that could mean for the Fed and the American consumer. <p
19/09/202330 minutes 32 seconds
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Housing starts fall in August

Stocks fall; apartment construction down in August; China weighs on global economic growth; Federal Reserve starts two-day meeting on interest rates.
19/09/20231 minute 41 seconds
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New home construction plummets

Disney’s big on theme parks; global growth to slow.
19/09/20231 minute 5 seconds
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Reframing how we think about tips

The legacy of a tipped minimum wages means that a worker can be paid as little as $2.13 an hour at the federal level. We&#8217;ll explore how COVID upended the tip-based restaurant industry and where we go from here. We also examine where the Federal Reserve thinks the economy is headed. Plus, rising oil prices is not what many global economies needs right now.
19/09/20237 minutes 39 seconds
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Strong economic headwinds are buffeting the Fed

The central bank starts a two-day meeting on interest rates today, but significant headwinds are blowing. We&#8217;ll assess the biggest factors challenging the Federal Reserve right now that could threaten the economic balancing act it&#8217;s trying to pull off. And later, we delve into the &#8220;ugly and sordid&#8221; history of tipping in the U.S.
19/09/20236 minutes 50 seconds
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Japan firms cut ties with boyband agency over sex abuse

From the BBC World Service: It&#8217;s the sexual abuse scandal that&#8217;s rocked Japan, now the BBC&#8217;s Mariko Oi reports on the major brands that are cutting ties with the country&#8217;s biggest talent agency, Johnny and Associates. Plus, was the Libyan dam disaster caused by nature or neglect? The BBC&#8217;s Anna Foster is in Derna. &nbsp;
19/09/20236 minutes 26 seconds
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How presidential candidates are talking about tech on the campaign trail

We are a little more than a year away from Election Day, and voters have probably heard something about candidates&#8217; views on the economy, foreign policy and other issues in the media daily. But today, &#8220;Marketplace Tech&#8221; is looking at what candidates are telling voters about their plans for the future of technology in the United States. How are they framing issues related to artificial intelligence, social media and the power of Big Tech? If you scroll through the websites of the leading candidates, tech might not seem very high on their priority list so far. But tech is definitely on the agenda — you just have to know where to look and what to listen for. Marketplace&#8217;s Lily Jamali spoke with Dave Weigel, politics reporter for the news website Semafor, about how the contenders are defining and spinning tech to influence voters.
19/09/20238 minutes 53 seconds
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What’s happening in Congress is not normal

Congress has a job to do. But lately, some of the work on the Hill seems to have come to a standstill. There&#8217;s been drama over the debt ceiling, a Republican senator is holding up key military promotions, and now a government shutdown is looming. We&#8217;ll tackle the question of who is really to blame for all the governmental dysfunction and unpack the challenges of framing these issues in the media. Here&#8217;s everything we talked about: &#8220;Marines issue stand-down order amid search for missing F-35&#8221; from The Hill <l
19/09/202317 minutes 10 seconds
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Would you take a job that might make you work for free?

With government shutdowns becoming more frequent — we could have another one at the end of the month — taking a government job isn&#8217;t all that appealing. Why worry about the uncertainty of a furlough when plenty of other companies are hiring? We&#8217;ll also tackle the environmental impacts of barge shipping, hard-to-find auto parts in the U.S. and members-only shopping in China.
18/09/202327 minutes 56 seconds
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U.S prisoners released from Iran

Prisoner swap includes transfer of Iranian oil funds; UAW talks continue amid strike.
18/09/20231 minute 41 seconds
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Investors bet Fed will leave interest rates unchanged

Policymakers are meeting this week, with a decision expected Wednesday; UAW resumes contract talks with Detroit’s Big Three; California suing oil companies over climate change; Yellow plans to auction off its 12,000 trucks.
18/09/20231 minute 5 seconds
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Islamic home financing opens the door to homeownership

While homeownership has been a reliable way for families to build wealth in the U.S., the path to homeownership is more complicated for many observant Muslims. Paying interest — like you would in a traditional mortgage — goes against Islamic rules governing finance. Now, more institutions are offering Islamic financing to meet what they see as growing demand. Plus, what happens if the UAW strike grows?
18/09/20236 minutes 26 seconds
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The UAW is taking aim at temp workers

Striking auto workers and Detroit automakers failed to reach a deal this weekend. One sticking point for members of the United Auto Workers union is the reliance on temporary and &#8220;tiered&#8221; workers by carmakers. How did the industry get here? Plus, a look at what&#8217;s behind the current rush to invest in gold.
18/09/20237 minutes 24 seconds
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Italy’s migrant crisis is “unsustainable”

From the BBC World Service: Small Italian islands off the coast of North Africa are struggling to cope with the influx of migrants, according to the Italian government. The BBC&#8217;s Katya Adler reports from the island of Lampedusa. Meanwhile, Japan&#8217;s government is facing criticism for failing to appoint a single woman to any junior ministerial roles in the latest cabinet reshuffle, despite 54 jobs being available. The BBC&#8217;s Will Leonardo reports. And in the United Kingdom, the BBC&#8217;s Leanna Byrne visits a gold merchant after the price of gold reaches all-time highs this year.
18/09/20237 minutes 27 seconds
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Have smartphones peaked?

There was a time when the unveiling of the next-generation Apple iPhone was a very big deal. Today, there are still plenty of fans keeping tabs on the latest releases from Apple and competitors like Samsung and Google. But if you didn&#8217;t hear much about Apple&#8217;s hardware showcase in Cupertino, California, last week, it wasn&#8217;t just you. Marketplace’s Lily Jamali spoke to Lauren Goode, senior writer at Wired and the co-host of Wired&#8217;s &#8220;Gadget Lab&#8221; and &#8220;Have a Nice Future&#8221; podcasts, about the event and what it revealed about the state of smartphones.
18/09/20238 minutes 52 seconds
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The quest for a perfect smile

Celebrities are starting to have eerily similar smiles — flawlessly straight and pearly white teeth. But what&#8217;s the cost behind those perfect smiles? We&#8217;ll talk about yet another unrealistic beauty standard and the rise of the cosmetic dentistry industry. And the Roman Empire might be a thing of the past, but it seems that many men are still fascinated by it. We&#8217;ll get into some reasons why the ancient world power is engrained in our minds. Then, we&#8217;ll play a round of Half Full/Half Empty to settle some fashion debates. Here&#8217;s everything we talked about: Watch: Marketplace&#8217;s video series &#8220;<a href="
16/09/202324 minutes 53 seconds
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Is it time to question the economic vibe?

Consumer spending is key to this economy, but Americans are running through their cash just as student loan repayments are coming due. Could that be the straw that breaks the consumer&#8217;s back? We&#8217;ll discuss it on the Weekly Wrap. Plus, how car dealers are reacting to the UAW strike, why immigration is important to the AI race and why gross domestic product and gross domestic income often don&#8217;t match up, even though they should.
15/09/202326 minutes 1 second
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Biden throws support behind UAW

Stocks close down; Biden calls for “record contracts” for striking UAW workers; Import prices rise; TikTok faces European fine.
15/09/20231 minute 5 seconds
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Consumers are growing optimistic about inflation

Consumers expect inflation to be at 3.1 percent in a year, lowest expectation in more than two years; UAW strikes against Detroit Three automakers; Media companies to resume negotiations with striking writers; Apple to update software in iPhone 12 models amid radiation concern.
15/09/20231 minute 5 seconds
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The future of the auto industry

The UAW started a limited strike today at all three big automakers in the U.S. But this strike is about more than fair wages and benefits — the future of American-made cars, and how soon they can go electric, hangs in the balance. Plus, media mogul Byron Allen has offered Disney $10 billion for ABC. We&#8217;ll talk about why CEO Bob Iger might be inclined to take the deal.
15/09/20237 minutes 13 seconds
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The danger of VC-backed insurance

A new trend in health-tech start-ups is to offer low premiums for insurance coverage and burn through billions of venture capital to stay in the green. When they crash, these firms leave customers without a way to access care or medication. Do regulators need to crack down? Plus, some public universities up their tuition and the UAW goes on strike.
15/09/20238 minutes 4 seconds
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France’s Carrefour flags ‘shrinkflation’

From the BBC World Service: Have you noticed products that you buy getting smaller, while the price remains the same? It’s called &#8220;shrinkflation&#8221; and French supermarket giant Carrefour is putting labels on such goods to alert customers to it. The World Health Organization is warning that survivors of flooding in Libya remain in danger from contaminated flood water and a lack of medical supplies. It&#8217;s Friday, but how do you have a night out in a war zone? Russia launched its full-scale invasion of Ukraine a year and a half ago, and Ukrainians have had to change every part of their lives to deal with the assault. That includes how they spend their downtime.
15/09/20237 minutes 54 seconds
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How tech has influenced a year of demonstrations in Iran

Saturday marks one year since the death of Mahsa Amini, the young woman who was arrested by the Islamic Republic of Iran&#8217;s &#8220;morality police&#8221; for allegedly violating its strict dress code for women. She died in custody. Protests that started at Amini&#8217;s funeral quickly spread across the country. Iranians have depended on messaging apps and social media to share information and try to stay safe. But staying connected hasn&#8217;t been easy, according to Shaghayegh Norouzi and Reza Ghazinouri with the U.S.-based nonprofit United for Iran. Marketplace&#8217;s Lily Jamali spoke with Norouzi and Ghazinouri about the online resources United for Iran has developed and the technology used by activists across the country.
15/09/20239 minutes 44 seconds
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What happened to stakeholder capitalism?

In the before times, some of America&#8217;s top corporations pledged to rebalance their priorities and serve all stakeholders instead of just shareholders. Today, workers still aren&#8217;t feeling the love. We&#8217;ll get into the disconnect between employees and CEOs and explain how that&#8217;s playing out in recent labor disputes. Plus, why patrons at a Milwaukee bar are feeling that Jets win extra-hard. Here&#8217;s everything we talked about: &#8220;Detroit automakers and auto workers remain far from a deal as end-of-day strike deadline approaches&#8221; from AP News <!-- wp:list-item
15/09/202318 minutes 13 seconds
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How to price an IPO so it “pops”

15/09/202326 minutes 57 seconds
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Arm’s strong debut could inspire more IPOs

Stocks close higher; Arm shares rise 24% in first day of trading; UAW strike deadline looms; Mortgage rates stay above 7%.
14/09/20231 minute 5 seconds
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Higher energy prices in August pushed up two economic indicators

Retail sales rose 0.6 percent in August; Wholesale prices rose 1.6 percent annually; Jobless claims remain low at 220,000; Gannett to hire reporters dedicated to covering Beyonce, Taylor Swift.
14/09/20231 minute 5 seconds
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Is the “last mile” of inflation actually the hardest?

The Wall Street Journal, Bloomberg and even banks themselves have said the &#8220;last mile&#8221; of inflation will be hardest to beat. But research doesn&#8217;t really shows that. So what&#8217;s with the hype? Plus, chip designer Arm&#8217;s valuation is officially $54 billion, making it the biggest IPO of the year. We&#8217;ll also hear about Americans over 60 who still owe student loans.
14/09/20236 minutes 45 seconds
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Car repairflation

One spending category that is seeing inflated costs compared to last year, according to the August CPI, is motor vehicle repairs. We&#8217;ll visit a mechanic to find out why. Hint: New car parts are a lot more expensive than they used to be. Plus, tech giants met with congressional leaders to talk AI regulations and some C-suite execs see climate change disruptions as, frankly, not their problem.
14/09/20237 minutes 26 seconds
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Protests erupt in Syria

From the BBC World Service: The long-running civil war in Syria has led to fresh protests over the country&#8217;s crumbling economy; extreme inflation and a lack of basic supplies has pushed thousands to take to the streets. A major Australian property developer has apologized after calling for unemployment to rise in Australia by 50% so that people are reminded that they work for the employer — not the other way around. This weekend, Singapore plays host to Formula One’s night race and organizers have pledged to halve energy emissions by 2028. The F1 Group is aiming for net zero by 2030.
14/09/20238 minutes 5 seconds
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How Musk’s Starlink became a security liability for the U.S.

Here on Earth, the satellites that make up Starlink look like a string of stars travelling across the night sky. More than 4,000 of them are circling the Earth in low orbit right now. They&#8217;re part of the private venture that’s the brainchild of billionaire and SpaceX founder Elon Musk. Last year, when Russia invaded Ukraine, Musk sent Starlink terminals there so Ukraine could stay connected to the internet. But turns out Musk controls both the on and the off switch on that technology, giving him an outsized role in the conflict, according to Steven Feldstein of the Carnegie Endowment for International Peace. He&#8217;s out with a story in The Atlantic on how that happened and what can be done about it.
14/09/202310 minutes 6 seconds
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Air conditioning and political dysfunction

What does air conditioning have to do with political dysfunction in Washington? Apparently, more than you&#8217;d imagine. We&#8217;ll get into the history behind AC in the halls of Congress and how that&#8217;s affected the way lawmakers do their jobs. Then, what drove Sen. Mitt Romney to call it quits? Plus, staging a career comeback isn&#8217;t easy. Naomi Osaka and Simone Biles are showing us how it&#8217;s done. Here&#8217;s everything we talked about today: &#8220;What Mitt Romney Saw in the Senate&#8221; from The Atlantic <li styl
14/09/202312 minutes 37 seconds
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What will inflation look like in 6 months?

Though inflation ticked up a bit in August, it looks like price increases are losing steam. Today, we ask what inflation could look like next year and what wild cards might be in play. We also investigate where all the G-rated movies went and why fish tacos are still about a buck at a San Diego restaurant chain.
13/09/202326 minutes 41 seconds
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Fed digests inflation report

Stocks close mixed; Fed takes in inflation report; UAW negotiations ongoing; McCarthy presents plan to avoid government shutdown.
13/09/20231 minute 5 seconds
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Higher energy prices pushed up inflation in August

Inflation was at 0.6 percent in August, an acceleration from July; IEA predicts energy prices will remain elevated the rest of the year; Fed expected to keep interest rates steady next week; New York City, Oregon sue Fox over 2020 election lies.
13/09/20231 minute 19 seconds
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Are the arts a worthwhile investment?

Waterville, Maine used to be home to a factory and mill. But when jobs left, the economy suffered. Now, Waterville&#8217;s Colby College is spending millions to transform the town into a haven for performing and visual arts. Will their investment pay off? Plus, gas prices spiked August inflation calculations, but that doesn&#8217;t spell bad news for the overall economy.
13/09/20237 minutes 54 seconds
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Out with the old, in with the flu

Consumers spent $1.8 billion last year on decongestants, but next year might look different. Phenylephrine, a key ingredient found in most oral decongestants, was recently found to have zero efficacy. Basically, when it comes to un-stuffing your nose, it&#8217;s just as good as a sugar pill. Plus, video game developers in China are experimenting with AI and two states&#8217; pension funds are suing Fox.
13/09/20238 minutes 9 seconds
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US investors target another English soccer club

From the BBC World Service: American interest in the top level of English soccer continues. Miami investment firm 777 Partners is in talks to buy Everton, based in the city of Liverpool. If the deal goes through half of the clubs in England’s Premier League will have U.S.-based owners. Plus, Bernard Looney, chief executive of oil major BP, has resigned abruptly amid a review of his personal relationships with colleagues. And, why French regulators are worried about radiation levels from the iPhone 12.
13/09/20237 minutes 29 seconds
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Why did the Instant Pot go out of style?

If you&#8217;re a kitchen tech fanatic, the odds are good you&#8217;ve purchased or been gifted an Instant Pot. But Instant Brands, the maker of the Instant Pot, filed for bankruptcy in June. Susan Orlean, who writes Afterword, an obituary column in The New Yorker, said it seemed fitting to write an obit for the Instant Pot.
13/09/20239 minutes 19 seconds
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What you need to know about ranked choice voting

This year alone, lawmakers in more than two dozen states have introduced or passed legislation in favor of ranked choice voting systems, where voters rank candidates in order of preference on their ballot. Advocates sing the praises of ranked-choice elections, claiming it could be an antidote to the United States&#8217; extreme political polarization. Others say switching to a new voting system would be too complicated for voters. On the show today, Maresa Strano, deputy director of political reform at New America, unpacks ranked choice voting: what it does well, where it falls short, and what our voting systems have to do with the broader economy. Then, a new strategy fo
12/09/202328 minutes 48 seconds
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Poverty rose last year. Inflation’s only part of the story.

New data released by the U.S. Census Bureau shows that median income fell last year while poverty spiked, as pandemic-era government benefits ended. Today, we do the numbers and discuss who&#8217;s been most affected. We also explore the impact of tech regulation in the European Union and look at why businesses are so glum. Plus: You&#8217;ve probably infringed several patents today.
12/09/202327 minutes 8 seconds
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BP’s CEO Resigns

Stocks close down slightly; BP’s CEO steps down; Google goes to court; and Apple unveils new iPhones.
12/09/20231 minute 5 seconds
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Google antitrust case is biggest in 25 years

Government lawyers allege an online search monopoly; Biden administration wants changes to migrant farmworkers visa program; 2023 is already a new record for costly weather disasters; Detroit automakers and union apparently making progress, three days before potential strike.
12/09/20231 minute 41 seconds
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We don’t pay teachers enough

Only a third of teachers think their salary is adequate, according to a recent survey. Could raises be key to keeping teachers from quitting? Plus, the New York Fed says pessimism about credit, income, and the odds of getting laid off or fired is up. We&#8217;ll discuss why that gloomy outlook doesn&#8217;t match official reports of strong employment and cooling inflation.
12/09/20237 minutes 46 seconds
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What does it take to fix Main Street?

In 2010, &#8220;Marketplace Morning Report&#8221; host David Brancaccio featured his hometown in a documentary about better ideas for the economy. It opened the film as an example of a place sorely needing solutions. A dozen years later, Waterville, Maine is experiencing the benefits of reinvestment. We&#8217;ll talk about how. Plus, Google&#8217;s antitrust trial begins today.
12/09/20237 minutes 16 seconds
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The biggest company you’ve never heard of is set to join the Nasdaq

From the BBC World Service: U.K.-based Arm Holdings is set to launch on the Nasdaq this week. BBC&#8217;s Simon Jack explains why they&#8217;re probably the biggest company you&#8217;ve never heard of. Plus, caterers are facing increasing pressure to host extravagant weddings due to social media, as BBC&#8217;s Elizabeth Hotson reports.
12/09/20236 minutes 59 seconds
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The European Commission lists some tech titans as ‘gatekeepers’ of online services

The European Commission has designated six of the largest tech companies on the planet as the &#8220;gatekeepers&#8221; of online services. You&#8217;ll know these names: Apple, Amazon, and Microsoft. Facebook parent Meta. Google and YouTube parent Alphabet. And, maybe you&#8217;re less familiar with this one: ByteDance, which owns TikTok. They&#8217;ve all got until March to comply with the continent&#8217;s new Digital Markets Act (DMA), which aims to give users more choice. For more, Marketplace&#8217;s Lily Jamali spoke with Sumit Sharma, a competition and antitrust senior researcher at Consumer Reports, who explained what the term &#8220;gatekeeper&#8221; refers to.
12/09/20238 minutes 20 seconds
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Retail theft and capitalism today

There&#8217;s been a lot of reporting lately about a rise in retail theft and a growing shoplifting problem. But a closer look at those claims and the relevant data seems to suggest something else is going on. We also revisit the attack on the World Trade Center and consider how American unity and perceptions have changed in the past 22 years. We end with some smiles about Mother Nature and a significant discovery that could be a big deal for the clean energy economy. &#8220;Is retail theft really rising?&#8221; from Marketplace <a href="
12/09/202314 minutes 7 seconds
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When a 10-day strike could cost $5 billion

Members of the United Auto Workers union could go on strike this week if contracts aren&#8217;t signed with Ford, GM and Stellantis. If no deal is struck, the Upper Midwest in particular could suffer major losses. Today, we&#8217;ll chart the potential impacts. We&#8217;ll also look at consumer expectations, fear of automation and the panic over retail theft.
11/09/202329 minutes 40 seconds
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FDA approves new COVID vaccines

Stocks close higher; FDA approves new COVID vaccines; UAW and Big Three negotiating.
11/09/20231 minute 5 seconds
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J.M. Smucker agrees to buy Twinkies maker Hostess

The deal between the two packaged food companies is valued at $5.6 billion; Qualcomm renews agreement to provide chips to Apple; Wall Street observes September 11 anniversary; Consumer protection agency can’t police banking discrimination, federal judge rules.
11/09/20231 minute 41 seconds
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SNAP’s work requirement age just went up

Adjustments to SNAP — part of debt ceiling negotiations earlier this year — will start phasing in soon. Among them is a higher age cutoff for work requirements, which will go from 49 to 54 by 2024. Hundreds of thousands may lose SNAP benefits. Plus, UPS and FedEx rate hikes signal a back-to-normal supply chain, and we&#8217;ll recap Biden&#8217;s visit to Vietnam.
11/09/20237 minutes 7 seconds
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Paying the way to market dominance

Did you know that Google pays other tech companies billions to remain the default search engine? The Justice Department says that&#8217;s abuse of monopoly power, but Google maintains it&#8217;s normal practice in the tech industry. Tomorrow, the antitrust trial begins. Plus, the UAW is just days away from a possible strike.
11/09/20237 minutes 18 seconds
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Devastation in the Atlas Mountains

From the BBC World Service: As the death toll mounts following the earthquake in Morocco, businesses in Marrakesh are asking tourists not to turn their backs on them. The BBC&#8217;s Anna Holligan reports from Marrakesh. Also, with President Biden visiting, Vietnam has ordered $8 billion worth of jets from Boeing. Finally, Vivienne Nunis reports from Manchester, England, where the world&#8217;s best florists have congregated for the World Cup of Flowers.
11/09/20237 minutes 30 seconds
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Why Apple is supporting the “right to repair” in California

States across the country are considering &#8220;right to repair&#8221; laws. These laws require most electronics and appliance manufacturers to provide instructions and tools to consumers wanting to repair their products instead of paying company technicians for the service or, worst case, buying a replacement. It&#8217;s something that iPhone maker Apple has long been against, until last month, when the company suddenly announced its support for California&#8217;s bill. Marketplace&#8217;s Lily Jamali asked Brian Heater, hardware editor at TechCrunch, about Apple&#8217;s change of heart and what it means for consumers.
11/09/20239 minutes 39 seconds
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Our 1,000th episode!

We&#8217;re in the quadruple digits, y&#8217;all, and we&#8217;re celebrating! But first we&#8217;ll dive into the news with an exciting development on Mars — how NASA&#8217;s Perseverance space rover is generating oxygen on the Red Planet. And a new climate change report card shows that we&#8217;ve averted the worst-case scenarios, but there&#8217;s still a long way to go. Plus, we&#8217;re marking this special episode with a new game of Would You Rather featuring a special (and beloved) guest! Here&#8217;s everything we talked about: &#8220;Perseverance Mars rover wraps up MOXIE oxygen-making experiment&#8221; from Space <!-- wp:list-it
09/09/202327 minutes 47 seconds
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What rising corporate bankruptcies tell us about the economy

Corporate bankruptcies have been on the rise for more than a year now, and the trend can have wide-ranging ripple effects. We dig into it. We also unpack the cooling labor market in the Weekly Wrap and look at the future of sustainable energy from the American home of oil and gas.
08/09/202326 minutes 47 seconds
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Household net worth rises

Stocks rise; stock market and home values push net worth higher; credit card debt rises; UPS and FedEx will raise shipping rates.
08/09/20231 minute 5 seconds
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Home loan applications hit three-decade low

Applications fell nearly 30 percent compared to a year ago; Kroger will pay $1.2 billion to settle opioid claims; Biden heads to G20 meeting in India; Walmart ends higher pay for some new hires.
08/09/20231 minute 41 seconds
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Little hints from the Fed

Federal Reserve officials are keeping a low profile ahead of its upcoming meeting on interest rates. But some economists are playing detective — following the crumbs central bankers have left and trying to deduce whether rates will go up again. Plus, while U.S. office spaces remain empty, things look different Singapore. We&#8217;ll visit a business district during the lunch rush.
08/09/20237 minutes 30 seconds
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President Xi skips G20, China broadens iPhone ban

China&#8217;s president Xi Jinping won&#8217;t be at this weekend&#8217;s G20 summit in India. Could his absence be due to geopolitical tensions or economic troubles at home? We&#8217;ll check in with Marketplace&#8217;s China correspondent Jennifer Pak. Plus, Apple feels the fallout from further iPhone bans for Chinese government employees and the services sector has a sunny economic outlook.
08/09/20237 minutes 59 seconds
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Workers at LNG projects go on strike

From the BBC World Service: Workers are striking at Chevron Australia Liquid Natural Gas projects. The action could disrupt output from facilities that account for over 5% of global supply. Indian authorities have come in for criticism over efforts to spruce up the capital Delhi ahead of the G20 meeting this weekend. Unlike in the U.S., workers in Singapore have been returning to the office en-masse and city centers are booming. In London, 140,000 people have visited Sotheby&#8217;s auction house to view items that belonged to the late Queen singer, Freddie Mercury; his piano and handwritten lyrics have sold for millions.
08/09/20238 minutes 26 seconds