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with Kai Ryssdal

Marketplace for Wednesday April 30, 2014

China is rejecting a World Bank report predicting it will pass America as the world’s biggest economy. The reason? The Chinese government believes having the #1 title could put it under pressure to make compromises it may not want to make on its currency, climate change and trade. Plus, the Fed, which has been operating with four governors instead of its usual seven, will be down to just three by the end of May if the increasingly cantankerous Senate doesn’t act on new nominations before then. We explain what it means for the Fed to be working without a full bench. Also, when buying a sports team requires a buyer with so much money it doesn’t matter to him, how do you actually figure out a price that reflects what the franchise is worth as a business as opposed to a status symbol?

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Marketplace® is your liaison between economics and life. Noted for timely, relevant and accessible coverage of business news across both audio and digital platforms, Marketplace programs are heard by more than 12 million weekly listeners. This makes the Marketplace portfolio the most widely heard business or economic programming in the country.