Marketplace for Friday, March 16, 2012

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Episode Description 
After This American Life aired a story by Mike Daisey on Apple manufacturer Foxconn in China, Marketplace's China correspondent Rob Schmitz delved deeper into the background and facts. We hear from Schmitz today about his reporting, which revealed that Daisey lied on many counts about what he found. Meanwhile, Mitt Romney has decided to cut back on field organizers and media buys. Consumer prices rise the most in 10 months. And our commentator says preserving funding for public higher education would improve the economy.  

Weekly Wrap: Inflation, resigning from Goldman Sachs

Reviewing the week's headlines on Wall Street. This week: Greg Smith's resignation from Goldman Sachs, the inflation numbers and what the Federal Reserve can do.
Posted In: Weekly Wrap

An acclaimed Apple critic made up the details

The monologist Mike Daisey’s account of Chinese factory conditions in “The Agony and Ecstasy of Steve Jobs” made people think differently about their iPhones and iPads. But after an adaptation aired on This American Life, reaching China, an investigation there of his allegations found they were fabricated. Given other news reports on the conditions, will that matter?
Posted In: apple, Foxconn, iPhone, factory, workers

Consumer prices rise the most in 10 months

The four-tenths percent rise in consumer prices was largely due to gasoline prices. But inflation remains tame. That's something the Federal Reserve works hard to preserve because of bad memories from another time.
Posted In: consumer prices, CPI

Mitt Romney recalibrates campaign for longer haul

The GOP presidential candidate is looking at having to raise more money to fight off rivals with staying power.
Posted In: 2012 campaign, campaign spending, Mitt Romney, 2012 election

Letters: 'Homeless Hotspots,' illegal immigrants

Going over listeners' responses to past broadcasts. This week: Whether the Homeless Hotspots experiment at South by Southwest was exploitative, and if illegal immigration helps the economy or not.
Posted In: letters

Small talk: Pink lights, games with cats, Google ads

The news that didn't quite make the headlines. This week: using pink lights to deter criminals, an interspecies iPad game you can play with your cat, Google replacing ringtones with ads.
Posted In: Pink, Crime, cats, iPad, Google, ads

Higher education key to reviving economy

Commentator Richard Hernandez says education spurs entrepreneurism and responsible citizenship.

Music from this show

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Dreamy Eyes
Azure Blue
Lotus Flower Monks (Instrumental)
Instrumental Hip Hop Beats Crew
Swagger
Mocean Worker
Spreadin' Honey
The Watts 103rd. Street Rhythm Band