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Make Me Smart with Kai and Molly

Episode 123: Why even have a debt ceiling?

Jul 23, 2019

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Marketplace

Deal or no deal

Jul 23, 2019
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Marketplace Morning Report
By The Numbers

JAB brews up a strong presence in the coffee industry

Marketplace Staff Dec 7, 2015
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$13.9 billion

That’s how much JAB Holding Company will pay to acquire Keurig Green Mountain, makers of the popular single-serve coffee machine. As the New York Times writes, JAB is becoming a major player in the coffee industry of late, as it has a major stake in Peet’s Coffee & Tea, Caribou Coffee Company, Espresso House and Baresso Coffee.

600 percent

That’s how much sales skyrocketed for Security Pro USA, a body armor company, a day after attacks in San Bernardino. Companies like Security Pro USA, which produce products like bullet proof backpacks and vests, have seen more and more civilians purchasing their equipment in the wake of recent events in California and elsewhere.

$60 million

That’s the size of the fine that Japanese tech company Toshiba for allegedly overstating its profits for seven years. It would be the largest amount ever paid for such violations in Japan. As the BBC writes, the company also faces a $2.45 million lawsuit from 50 individuals seeking damages for Toshiba’s plummeting stocks following the scandal.

8 years

That’s how long it has been since No Child Left Behind officially expired. On Tuesday, the Senate is expected to vote on the House-approved Every Student Succeeds Act. Unlike the previous policy, which required all students to pass state tests, the new bill gives each state the ability to decide what adequate performance looks like. It also gives states the power to intervene with struggling schools as it sees fit.

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