Mid-day Update

PODCAST: The climate change odd couple

David Brancaccio Sep 23, 2014
HTML EMBED:
COPY
Mid-day Update

PODCAST: The climate change odd couple

David Brancaccio Sep 23, 2014
HTML EMBED:
COPY

Stock markets around the world are having a downbeat day so far, in part because that’s what tends to happen in September, but also because of a new signs of trouble for Europe’s economy. A survey of business activity in the 18 countries that use the Euro suggests recovery there is stalling. Plus, there’s news today the Obama Administration is cracking down on what are called “inversions,” the controversial maneuver of acquiring foreign companies to save U.S. tax. Targeted are the special loans that make these acquisitions possible. President Obama and republicans and democrats in congress agree that what’s need in the longer run is tax reform. Yet that’s a process that doesn’t seem to be moving forward any time soon. That got federal budget watcher Stan Collender doing the math on an unconventional solution. And among the many announcements coming out of Climate Week in New York comes this news of strange bedfellows: A partnership between some leading environmental non-profits, including the Environmental Defense Fund, and five oil companies.

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.