Marketplace for Friday, May 18, 2012

Segments From This Episode

• GM passes on Super Bowl advertising

  by Kai Ryssdal

  General Motors recently announced it was going to stop advertising on Facebook, and now it's bowing out of doing an expensive ad during the Super Bowl next year.

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• Silicon Valley’s new underground millionaires

  by Queena Kim

  Conspicuous consumption is so last tech boom. The new rich are all about meaning and making a difference and getting in on the ground floor of the next Facebook.

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• Walmart expands its bribery investigation

  by Marketplace Contributor

  Walmart said it is looking beyond Mexico for possible bribery in its foreign operations. Will the widening probe affect Walmart’s business?

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• Nick Hanauer on the TED talk, income inequality controversy

  by Kai Ryssdal

  The venture capitalist discusses his controversial TED talk, why income and inequality has become political and what happens next.

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• Hewlett-Packard reportedly will lay off 30,000

  by Stacey Vanek Smith

  

  Hewlett-Packard reportedly will announce it is laying off nearly one out of every 10 employees, as Meg Whitman tries to transform one-time pioneer.

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• Obama to announce food initiative for world poor

  by Marketplace Contributor

  President Obama has enlisted the help of 45 private sector companies in a $3 billion food security drive to fight hunger and poverty in Africa. But not everyone is onboard.

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• Weekly Wrap: What happened to Facebook’s stock?

  by Kai Ryssdal

  Reviewing this week's headlines on Wall Street and beyond. This week: The first day of trading for the highly anticipated Facebook stock.

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• Letters: Brogrammers and older workers

  by Kai Ryssdal

  Going over listeners' responses to past broadcasts. This week: Defending the male work culture at tech companies, and wanting to know more about the older workers who are long-term unemployed.

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