Marketplace for Wednesday, July 25, 2012

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Episode Description 
Incarceration rates have skyrocketed in the last 30 years, especially in New Orleans. Shereen Marisol Meraji reports on how jail time has now become a poverty creator. A number of startups in Mexico are using technology to bridge the gap between rich banks and poor customers. Both President Obama and Mitt Romney are sending out sweepstakes offers to meet celebrities for a small donation. Freakonomics Radio's Stephen Dubner talks about what effect the Olympic Games really have on its host city. And Tess Vigeland talks to Ryan Holiday, the author of "Trust Me, I'm Lying: Confessions of a Master Media Manipulator."

Does hosting the Olympics ever pay off?

Olympic host cities get a huge windfall of tax revenues and tourist dollars, right? Freakonomics looks at the effect the games really have on a host city.
Posted In: Olympics 2012, London Olympics, Olympics

For corporate health, check sales -- not profit

Nearly halfway through earnings season, companies are making profits but falling short on sales. The sluggish economy is taking a toll.
Posted In: corporate profits, Earnings

Marketer explains how he manipulated the mass media

Former marketing director for American Apparel, Ryan Holiday, explains how he leaked fake information and lied to reporters. And he says, what he's done is the rule, not the exception.
Posted In: lying, media

Mexico experiments with the 'branchless' bank

With costs to open rural bank branches prohibitive, tech companies look to turn payphones into virtual banks.
Posted In: Mexico, banking, branchless bank

Enter to win...a president

Both the President Obama and Mitt Romney campaigns are using sweepstakes to coax small donations. Do they work?
Posted In: Barack Obama, Mitt Romney, 2012 election

Product safety commission sues Buckyball magnets

The Consumer Product Safety Commission has filed a complaint against Buckyballs, the maker of the popular magnet toys.
Posted In: recall

New Orleans' other 'million dollar neighborhood'

High rates of imprisonment are a cause -- and effect -- of poverty.
Posted In: African American, unemployement

Music from this show

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When The World Is Running Down, You Make The Best Of What's Still Around (2003 Stereo Remastered Version)
The Police
Rebellion (Lies)
Arcade Fire
Run, Alive, Run
Felix Laband