Marketplace for Monday July 7, 2014

Episode Teaser Image 
Bank of New York Mellon
Episode Description 
Banks needing cash temporarily pawn off treasuries to get it – usually just for a day or two. The system is under strain because the Fed has bought so many bonds and also because regulations require many financial institutions to hold bonds as collateral for deals. This is causing deals to fail at unprecedented rates. Plus, Archer Daniels Midland, a major US food processor has agreed to buy a company called Wild Flavors, which specializes in natural flavorings for food products. We pull back the curtain on the business of flavor, and along the way find out about what’s in, what’s out, and the tastes that are trending. Also, some foods are at recent highs, others are cheaper than they’ve been, but overall, the USDA reports, Americans spend far less on food than people in most countries – an average of 6.6 percent of income. Even poor Americans don’t spend appreciably more of their income. We look at what makes food in the U.S. so inexpensive.
Crumbs Bake Shop

As the cupcake crumbles: Lessons from Crumbs' demise

Crumbs expanded quickly and even went public.
Posted In: cupcakes, food and drink
Capri Sun

ADM wants a taste of the flavor business

ADM will buy Wild Flavors for almost $3 billion.
Posted In: Agriculture
Safeway customers

Why Americans spend less of their budgets on food

Food prices are rising, but Americans still spend less of their disposable income on food than people in other countries.
Posted In: Food, income, Europe, farmland
Noodle raft

Meet the man who invented the pool noodle

The hardest part of creating the pool noodle? Explaining what to do with it.
Posted In: summer, swimming pools, inventors

MayDay PAC: The end of the Super PAC era?

Lawrence Lessig decided the only way to take down Super PACs... was to make one.
Posted In: super PACs, political donations
Kai stumped President Obama. But not you.

Your job in 5 words

Medley: We asked, you answered. (<- 5 words)
Posted In: Jobs

Music from this show

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Do You Believe? (Original)
Poolside
My Moon My Man
Feist
Shooting Holes
Twin Shadow
Mange
Deer Tick
Super Duper Rescue Heads!
Deerhoof
Together for One Last Dance
Junior Senior