Marketplace for Wednesday, June 13, 2012

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Episode Description 
New York bureau chief Heidi Moore discusses JPMorgan CEO Jamie Dimon's testimony in front of the Senate Banking Committee today. In the latest installment of Freakonomics, Stephen Dubner talks about how despite convential wisdom, investing in labor can help a company's bottom line. Colleges are admitting more students from their waitlists -- but is that a good thing? Berkshire Hathaway makes what seems like a counter-intuitive move: investing in the private jet business. And Stephen Beard continues his A Man Walks Into a Bar series in Madrid, Spain.

The art and science of the college waitlist

As "yield" gets tougher to predict, schools keep their options open.
Posted In: college

Low milk prices push small dairy farms out of business

As the costs of running a farm rise, farmers are getting paid less for their milk. That's forcing some farmers to get bigger or auction off their cows.
Posted In: Vermont, dairy, milk

Jamie Dimon's testimony was a wake for Dodd-Frank

JPMorgan CEO Jamie Dimon spoke before the Senate Banking Committee today, trying to explain the $2 billion loss his company made in trading. The committee went fairly easy on the banker.
Posted In: JPMorgan, Jamie Dimon

Buffett's big play in private jet market

Berkshire Hathaway’s NetJets will buy $9.6 billion in new planes from Cessna and Bombardier.
Posted In: Berkshire Hathaway, Warren Buffett, airline industry

A man walks into a bar... in Spain

Patrons at a tapas bar in Madrid reflect on their country's economic woes and the multi-billion-dollar bailout that Spanish banks recently received.
Posted In: A man walks into a bar, Europe debt crisis

SCOTUS decision on health care law may spark more options

Commentator Robert Reich says health insurance lobby could unwittingly revive the "public option."
Posted In: health care reform law, health care, Affordable Care Act

Providing better customer service is good for business

Companies that offer higher wages for employees and more money for training turn out to be more profitable.
Posted In: customer service

Senate Banking Committee's involvement in JPMorgan

Sixteen senators from the Senate Banking Committee have taken campaign contributions from JPMorgan's political action committee. We called them for comment.
Posted In: Senate Banking Committee, JPMorgan

Music from this show

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Hold My Breath
Holy Ghost!
Get Down Saturday Night (Radio Version)
The Wonderful Sound Of Induce!
VCR
The XX
She Works Hard For The Money
Donna Summer
World In My Eyes (2006 Digital Remaster)
Depeche Mode