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Federal Reserve confirms new vice chair

Aug 29, 2018

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  • Workers in a maquila in Ciudad Juarez, Mexico. 
    Joe Raedle/Newsmakers

    (U.S. Edition) The NAFTA renegotiation saga continues, with the U.S. and Mexico tentatively agreeing to higher labor standards. Automakers are focusing on a provision that 40 to 45 percent of a car to be constructed by workers making at least $16 per hour. Marketplace’s Andy Uhler looks into how that policy can be enforced, and how it impacts American automakers. Then, we move from autos to tires, examining how Sears and Amazon are joining forces to alter the way people get them. What led these two competitors to partner up? Also, we examine inflation, and how the talk of last week’s central bankers’ meeting in Wyoming focused on the concept known as NAIRU, or non-accelerating inflation rate of unemployment. Chris Farrell told us more. Today’s show is sponsored by Battelle (Battelle.org/QI), Indeed (Indeed.com/marketplace) and Michigan Economic Development Corporation (planetm.com). (08/29/2018)

  • The Aston Martin DB10, built exclusively for the latest James Bond film 'Spectre,' is displayed at the 2015 Los Angeles Auto Show in Los Angeles, California, November 19, 2015. The debut of the DB10 in the latest film continues a more than 50-year partnership between Bond and Aston Martin dating back to the iconic Aston Martin DB5 in the 1964 Bond film 'Goldfinger.'
    ROBYN BECK/AFP/Getty Images

    (Global Edition) From the BBC World Service … Aston Martin – James Bond’s car brand of choice – is revving up for a trading debut on the London Stock Exchange. The company’s boss explains why he believes now, with Brexit looming on the horizon, is the right time to take the luxury carmaker public. Then, for some parents, back-to-school season is the most wonderful time of the year. But for kids in France who face a cell phone ban in schools, it puts a damper on heading back to the classroom. We chat with France’s education minister about the effectiveness of device bans. Afterwards, Iran’s supreme leader today asked his country’s government to work “day and night” to resolve economic problems as U.S. sanctions and a worsening drought are causing a lot of pain for Iranians. Today’s show is sponsored by Battelle (Battelle.org/QI), Indeed (Indeed.com/marketplace) and Michigan Economic Development Corporation (planetm.com). (08/29/2018)

  • Aug 28, 2018

    NAFTA 2.0?

    NAFTA 2.0?

    Not quite. At least, not yet. The U.S. and Mexico have reached a preliminary deal on updates to NAFTA. Negotiators focused on car manufacturing, digital trade and agriculture. Now, it’s Canada’s turn. Canada’s foreign minister visits Washington today to continue trade negotiations on behalf of her country. We look at the sticking points that remain for Canada in joining the revised deal. Then, we talk with reporter David Zweig, who recently wrote about the FCC radio band auction’s impact on wireless microphones, and the theater companies and schools across the country that use them.  Today’s show is brought to you by Indeed (Indeed.com/marketplace) and Alliance For Lifetime Income (retireyourrisk.org/advisors). (08/28/2018)  

  • How do you build a campaign team when you’re new at politics?

    The trade deficit got a little bigger last month — that means we imported more than we exported. Is this goods coming in under the wire because of tariffs? Then, Toyota is investing $500 million in Uber. They’re aiming to build a fleet of autonomous vehicles and put them on the road in the next few years. And, say you won a primary congressional race. Now your scrappy primary team is facing the big fight of the general election, and you need more people.  What jobs need staff and what can be farmed out to volunteers? We profile one of these new candidates as they scramble to get ready for the big election in November.

  • How to future proof farming for hotter, drier summers

    (Global Edition) From the BBC World Service… A preliminary new trade agreement between the U.S. and Mexico looks to shift some auto manufacturing away from China and into Mexico and seeks to improve labor provisions. So, what impact could this have on the global auto industry? Then, the UN security council meets to discuss a demanding human rights report and possible further action in Myanmar. Will this have an impact on the economy, hungry for foreign investment after decades of military rule? Then, a hot, dry summer might be ideal beach-going weather, but in many parts of the world, it’s meant hardship for farmers and higher food prices for consumers. We’ll take you to a farm in Southeast England to see just how the unusual conditions have impacted food growers and what action they’re taking over the long term.  (08/28/2018)

  • Will government aid be enough to offset farmers’ tariffs losses?

    (U.S. Edition) NAFTA negotiators from Mexico and the U.S. met through the weekend to work out the details of their trade agreement. What’s the rush? Negotiations have to be wrapped up by September 1 if the Trump administration wants the current congress to vote on it. Then, government aid is coming to U.S. farmers hit by tariffs, but probably won’t be enough. Farmers are due some relief in the form of subsidies from the USDA, the agency says it it will be spending $12 billion on relief efforts. However, corn, wheat, soybean and dairy farmers caught up in the escalating trade war say they don’t even know how to calculate the total losses. After, we speak to Cathy Cohen from the University of Chicago about her recent findings on gender parity and feminism in the latest GenForward survey of millennials. According to the study, the majority of young people support equality for women but they don’t all call themselves feminists.   Today’s show is brought to you by Indeed (Indeed.com/marketplace) and Michigan Economic Development Corporation (planetm.com). (08/27/2018)

  • Elon Musk backtracks

    We’re expecting the announcement of a deal between Mexico and the U.S. as a part of the NAFTA overhaul. We talk to Julia Coronado from MacroPolicy Perspectives about how the markets might react. Then, Elon Musk abandons plans to take Tesla private despite his tweet saying that he had “funding secured.” Some wonder if Musk has gone from Tesla’s biggest asset to Tesla’s biggest risk. Later, the Iranian parliament has ousted the country’s finance minister. MPs held a vote of no confidence for Masoud Karbasian over problems in the banking system, tax regulation, and his failure to present a plan to fix the economy. Today’s show is brought to you by Indeed (Indeed.com/marketplace) and Michigan Economic Development Corporation (planetm.com). (08/27/2018)    

  • What’s the goal of Trump’s meeting with Kenya’s president?

    (Global Edition) From the BBC World Service… President Trump will host Kenya’s president at the White House today, a meeting that could bring about partnerships in tourism and infrastructure projects. So, what does this gathering mean for bolstering relations between the U.S. and Africa? Then, Chinese ride-hailing service Didi Chuxing has suspended service following the second murder of a passenger this year. There’s a wave of public backlash on social media, and the government’s transport ministry has called for concrete measures to improve public safety. Afterwards, we’ll investigate corporate governance consequences of declining numbers of private shareholders. (08/27/2018)

  • An Amazon logo is seen inside the Amazon corporate headquarters on June 16, 2017 in Seattle, Washington. 
    David Ryder/Getty Images

    Remember how the Republican tax overhaul put a $10,000 limit on state and local tax deductions? And several, mostly blue states, have been trying to find shall we say “innovative” ways around that. Well the Treasury Department is saying no to those efforts, not today. Then, central bankers, finance ministers and economists from the around the world flew to the mountain resort of Jackson Hole, Wyoming this week. They’re there for an annual economic symposium hosted by the Federal Reserve Bank of Kansas City. One focus of this year’s event is on so-called “superstar” firms like Amazon, which is a half-million employees strong, and whether these giant companies are partly responsible for holding down wages.  Today’s show is sponsored by Indeed  (Indeed.com/marketplace) and Carbonite (www.carbonite.com). (08/24/2018)    

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