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.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.