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So what is LIBOR, exactly?

Jul 9, 2013
The London Interbank Offered Rate, explained.
Posted In: LIBOR, libor scandal

You need to care about China's credit crunch: Here's why

Jun 24, 2013
China's tightening up on its lenders, and that might slow the country down a big. That shouldn't be too much a problem for the rest of us, right?
Posted In: China, Banks, credit crunch

Kids' crazy sports costs offer tax perks

Jun 21, 2013
A listener responds to our conversation about expensive sports programs for kids.
Posted In: Taxes, consumed, sustainability

Bernanke's tape: Who's afraid of rising rates?

Jun 20, 2013
Fed chair Ben Bernanke says rising interest rates are a good thing. But good for whom, exactly?
Posted In: QE2, Bernanke, taper

Opportunity cost: A simple Whiteboard explainer

Jun 13, 2013
Economists love to use the term "opportunity cost." In fact, you've probably heard it before. But what is it exactly? Senior producer and Whiteboard expert Paddy Hirsch explains.
Posted In: opportunity, opportunity cost, consumer

About face on the home front: Interest rates spike

May 29, 2013
For a moment there, things were looking really peachy in housing.
Posted In: mortgage, interest rates, bonds, Ben Bernanke

Fiat money: It has nothing to do with the car

May 22, 2013
Your dollar bill isn't worth the paper it's printed on. Why? Because it's a fiat currency. Sr. Producer Paddy Hirsch explains.
Posted In: Fiat, inflation, Money, dollar bill, currency

Turning public radio on its head

May 6, 2013
Changing the public radio production process by making listeners the focus and subject of the show.

Why inflation can be a good thing

May 1, 2013
"A little bit of inflation is our friend, not our enemy," says Prof. David Blanchflower
Posted In: inflation

529 plans and foreign schools

A listener sent in a video question in response to my interview with Jeremy Hobson on today's Marketplce Morning Report on college savings plans, otherwise known as 529 plans.

 

Essentially, the listener wants to know if you can use a 529 plan to fund tuition at a foreign university.

The answer is, yes you can -- depending on the institution. To qualify, the school needs to be eligible to participate in Title IV federal financial aid programs. Most degree-granting four-year schools, junior and community colleges, and graduate schools will qualify, as will many proprietary and vocational schools.

Check to see if you can use your 529 money at the institution you're interested in by doing a Federal School Code Lookup at Savingforcollege.com. I searched to see if I could use 529 money to send a child to my alma mater. I typed "warwick" into the SCHOOL field, and picked FC for "foreign country" in the drop down box in the STATE field, and voila... I could indeed use money from a California 529 savings plan to send a lucky nice of nephew to the University of Warwick.


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May 1, 2013

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About this collection

The Department of Defense mandates that tobacco at bases be sold for no less than 5 percent below the lowest local prices. But bases in more than a dozen states are breaking this restriction. Explore the data on the map.