Marketplace for Tuesday, August 14, 2012
Episode Teaser Image
In this economy, it's not uncommon to see homes worth less than what's still left on the mortgage, but now it's happening with cars. Macy's is unveiling its largest shoe department ever and other departments are following suit. British bank Standard Chartered has agreed to pay $340 million to settle allegations that it was conducting secret transactions with Iranian clients. We hear about a man in Louisiana who set out to repair broken instruments and shattered dreams post-Katrina. Kai Ryssdal talks to Gallup's Frank Newport about how Americans' views on the economy match up with those of Paul Ryan. And we hear from a listener who bribed her two kids to do some summer homework.
Posted In: Standard Chartered, New York
Standard Chartered agrees to pay New York state $340 million to settle charges it laundered Iranian money. The bank still faces a federal probe.
Posted In: Music, Small Business, Hurricane Katrina, New Orleans
The Grammy Award-winning trombonist Stafford Agee is moonlighting as an instrument repairman -- working out of his sweltering garage to make sure New Orleans-area high schoolers have working horns.
Posted In: pi, population
Shortly after 2:29 this afternoon Eastern Daylight Time, the U.S. population clock hit 314,159,265.