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Marketplace for Friday, October 19, 2012

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Episode Description 
Economist John Maynard Keynes predicted long ago that new technologies would by now allow people to work only 15-hour work weeks. But are we closer to that than we think? Meanwhile, we look into whether bookshelf makers have been hurt by the shrinking publishing industry. In an effort to affect climate change, a California businessman dumped 100 tons of iron dust into the Pacific Ocean. On the 25th anniversary of Black Monday, we explore the chances of it happening again. And China bureau chief Rob Schmitz looks back into history of the trade relationship between the U.S. and China.

25 years after Black Monday, what lessons are learned

The markets tumbled Friday, but the declines were nothing compared to the Black Monday crash of Oct. 19, 1987. The Dow Jones shed 22 percent -- the equivalent of a 3,000-point drop today.
Posted In: markets, Black Monday, Wall Street, flash crash

Is the 15-hour work week closer than we think?

John Quiggin takes a look at why the 15-hour work week predicted by economist John Maynard Keynes hasn't come to pass -- yet.
Posted In: working, employees, keynes

As publishing declines, bookshelves evolve

The long decline of the physical book is affecting how bookcases are marketed and used in homes.
Posted In: publishing, ebooks, Books

The Street of Eternal Happiness: Mr. Qiu meets the President

In this latest installment of a monthly series about the people who make their living along Changle Road in Shanghai, Qiu Huanxi remembers the week President Richard Nixon came to the Street of Eternal Happiness to change history.
Posted In: Richard Nixon, China

Freelance geo-engineering feat alarms scientists

An entrepreneur under contract with a native village in Canada dumped tons of iron in the Pacific to spark a plankton bloom that would capture carbon dioxide. That violated ocean treaties, and angered scientists who are studying that kind of geo-engineering.
Posted In: iron, geo-engineering, oceans, carbon credits

Disappointing earnings reports lead to a drop in the Dow

Time for the Weekly Wrap. This week: The Dow suffers a 200-point drop, tech companies see lower-than-expected earnings reports.
Posted In: Weekly Wrap

Minnesota cracks down on free online education

Minnesota officials have told online learning companies they're not allowed to teach state residents unless they get a license.
Posted In: online education, Minnesota

Music from this show

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D.O.A. [Death Of Auto-Tune] (Explicit)
Jay-Z
Paper Planes (as made famous by M.I.A.)
Instrumental Hip Hop Beat Makers
As The World Turns
Oddisee