Mid-day Update

PODCAST: The $38 latte strikes again

David Brancaccio Jun 11, 2013
HTML EMBED:
COPY
Mid-day Update

PODCAST: The $38 latte strikes again

David Brancaccio Jun 11, 2013
HTML EMBED:
COPY

Opting into your bank’s overdraft protection could leave you paying higher fees and make your account more likely to be shut down, according to a new report from the Consumer Financial Protection Bureau.

Right now, if you’re a farmer and you buy crop insurance, the government pays about 60 percent of your premium no matter how much money you make. The Senate bill says, if you have adjusted gross income over $750,000, the government will chop your crop insurance subsidy by 15 percent.

A big part of the consumer economy is, of course, big business. And big business, in today’s world, increasingly relies on the idea of growing shareholder value. Lynn Stout is a professor at Cornell Law School and the author of “The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public.” She’s quick to point out that while we might view “shareholder value” as an essential part of capitalism today, it wasn’t always that way.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.