Stacey Vanek Smith is a senior reporter for Marketplace, where she covers banking, consumer finance, housing and advertising. She began her career with Marketplace in 2003 as an assistant producer and has worked as an editor, reporter and fills in as host on the Marketplace Morning Report. Vanek Smith is a graduate of Princeton University with a bachelor’s degree in comparative literature and creative writing. She holds a masters degree in French cultural studies and a masters in broadcast journalism from Columbia University. She also received a fellowship from the National Press Foundation to attend the Wharton Business Journalist Seminars in 2010. She is fluent in French and proficient in German. Vanek Smith’s work has appeared in TIME magazine, The Christian Science Monitor, Boise Weekly, Idaho Weddings, Freakonomics Radio, Weekend America, The California Report and Marketplace. A native of Idaho, Vanek Smith now lives in Brooklyn. She spends most of her free time exploring the city, cooking, watching reality television and trying to decide who makes the best pizza in New York.
Features by Stacey Vanek Smith
In thinking about the crisis in Ukraine, the biggest worry for some American companies could actually be U.S. sanctions against Russia. If they are enacted, Russia is drafting laws that could then allow it to seize the assets and accounts of U.S. firms. And there's a lot at stake for U.S. firms:
- Pepsi has invested more than $3 billion in Russia. It was the first company to do business in the Soviet Union, back in 1974.
- Russia's a huge market for Proctor and Gamble, the consumer goods company.
- Boeing planned to invest around $30 billion in its projects in Russia, including processing titanium for its planes.
- But it's oil companies that would suffer most. Most of them have large stakes in Russia, but ExxonMobil has sunk $10 billion into the country and is heavily invested in exploring Russia's arctic oil reserves.