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Apr 29, 2021

Tearing down houses in the flood zone

Recent flooding in Nashville has renewed the federal government’s practice of buying and tearing down houses that are at risk. Plus, the Federal Reserve once again leaves interest rates near zero. Also, an update on how the global chip shortage is affecting carmakers and tech companies. And, the Justice Department reverses a Trump-era policy on cutting money to “sanctuary cities.”

Baylie McDaniel is a public school teacher in Nashville who is starting the long process of rebuilding after floodwaters inundated her home in late March. She says she'd prefer the city to focus on controlling Seven Mile Creek rather than buying homes to tear them down. — Baylie McDaniel is a public school teacher in Nashville who is starting the long process of rebuilding after floodwaters inundated her home in late March. She says she'd prefer the city to focus on controlling Seven Mile Creek rather than buying homes to tear them down.
Blake Farmer/WPLN News

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Segments From This Episode

Fed once again leaves interest rates unchanged
by David Brancaccio and Nancy Marshall-Genzer
Jim Lo Scalzo/Pool/AFP via Getty Images
Chair Jerome Powell says the Fed is committed to its goals of 2% inflation and full employment.
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The global chip shortage is getting worse for automakers and tech companies
Marketplace’s Nova Safo has more.
Federal money withheld from “sanctuary cities” back in play
by Andy Uhler
Brendan Smialowski/AFP via Getty Images
For some jurisdictions, the grant money is the biggest source of federal law enforcement funding.
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Nashville flooding renews federal push to tear down homes
by Blake Farmer
Blake Farmer/WPLN News
Those in areas prone to flooding are weighing whether it’s better to stay in a home, or take a government buyout.
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Music from the episode

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director