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Episodes 6891 - 6900 of 10000

  • Oil wells pump the oil fields of California's southern Central Valley. 
    David McNew/Getty Images

    (Global Edition) From the BBC World Service … More revelations from the leak of more than 13 million confidential tax documents from the offshore law firm Appelby — this time it’s Apple that’s in the crosshairs. What’s the world’s biggest company being accused of? Then, although there’s no official definition for a tax haven, the island of Guernsey — between Britain and France — has often been considered one. While the crown dependency has not been named in the Paradise Papers leak, the island’s chief minister speaks out, calling it a “political move” to publish stories related what he calls “stolen documents.” Afterwards, oil prices are hovering near two-year highs. When we talk about the price of oil, we typically mention the European oil price, Brent crude, and the U.S. oil price, West Texas Intermediate Crude. Why?

  • 11/06/2017: The power of the New York Fed
    KAREN BLEIER/AFP/Getty Images

    (Markets Edition) A senior figure at America’s central bank — William Dudley — is leaving the New York Fed after eight years. Julia Coronado from MacroPolicy Perspectives is here to explain the importance of this regional branch to America’s monetary system.  Then, we’ll chat with Marketplace senior correspondent Krissy Clark about the new season of our documentary podcast “The Uncertain Hour.” She chats with us about this season’s theme: federal regulations. Who do they protect? Who has the power and access to write them?

  • 11/06/2017: A member of Trump’s cabinet has ties to Russia, according to the Paradise Papers
    Joe Raedle/Getty Images

    (U.S. Edition) As part of an anti-corruption drive, dozens of Saudi princes and businessmen are under arrest in Riyadh. We’ll take a look at some of the key players involved, and how this could affect the planned IPO of  Saudi Aramco, which could become the largest-ever public offering. Afterwards, we’ll look at a leak of documents, known as the “Paradise Papers,” that indicate U.S. Commerce Secretary Wilbur Ross has previously undisclosed business ties to an energy firm owned by friends and family of Russian President Vladimir Putin. And finally, we’ll discuss the upcoming House Ways and Means Committee “markup” meeting over the GOP tax bill, along with China’s growing role in the fight against climate change.

  • Saudi Arabia Deputy Crown Prince Mohammed bin Salman attends the G20 opening ceremony at the Hangzhou International Expo Center in Hangzhou, China
    Nicolas Asfouri - Pool/Getty Images

    (Global Edition) From the BBC World Service … In a move that he says was meant to clamp down on corruption, Saudi Arabia’s new crown prince Mohammed bin Salman has jailed over a dozen princes and ministers (though the jail, it should be said, is the Ritz-Carlton) — causing surprise and consternation among the international business community. That’s because one of those jailed is Prince Alwaleed bin Talal, who has invested heavily in U.S. companies like Twitter, Apple and Citigroup. Afterwards: they’re being called the “Paradise Papers” — a leak of more than 13 million documents that has revealed the investment secrets and tax avoidance strategies of the world’s biggest companies — and richest men and women, including U.S. Commerce Secretary Wilbur Ross. Then, U.S. President Trump has complained about Japan’s unfair trade policies during his visit to the country. Could this jeopardize Japanese-American trade negotiations?

  • 11/03/2017: A very divisive tax bill
    Scott Olson/Getty Images

    (Markets Edition) The October jobs report is officially in, and the numbers reveal that the U.S. added 261,000 jobs last month while the unemployment rate dipped to 4.1 percent — the lowest in 17 years. We’ll look briefly at whether this labor market is doing as well as it seems, and then chat with Glenn Hubbard, former chair of George W. Bush’s Council of Economic Advisers, about the divisiveness surrounding the House GOP’s new tax bill. Will this potential tax overhaul actually promote growth? Afterwards, we’ll discuss the history of the alternative minimum tax, which this bill wants to ax, and how it works. And finally, we’ll give an overview of how the CEO of local news websites Gothamist and DNAinfo has decided to shut them down after a union vote.

  • 11/03/2017: Greece’s Yanis Varoufakis on the Greek tragedy of the debt crisis
    Sean Gallup/Getty Images

    (U.S. Edition) The House GOP has finally released its plan for a new tax code, which we’ll be trying to decode in the coming days. The first item on our agenda: looking at what Republicans want to do with mortgage interest. The proposed bill would limit the deduction on that to the first $500,000. Afterwards, we’ll discuss how Republicans want to treat “pass throughs,” where your company’s profits are taxed as your income. And then to cap off today’s show, we’ll chat with Greece’s former finance minister Yanis Varoufakis about the eurozone and his issue with Greek people being viewed as a separate group from Europeans.

  • 11/03/2017: Why Venezuela’s debt restructuring could have serious repercussions
    RONALDO SCHEMIDT/AFP/Getty Images

    (Global Edition) From the BBC World Service…Venezuela’s president announced he’ll try to restructure the country’s debt payments in order to offset the effect of low oil prices from the last three years on his country, which has relied heavily on oil revenue. Then, with data leaks almost commonplace, and government storing more personal information in cyberspace, we explore whether privacy issues are the same for various parts of the world. Afterwards, we’ll take you to the London Metal Exchange to meet enthusiastic traders still partaking in day-to-day trading operations … and find out how much life the so-called open outcry model has left. 

  • 11/02/2017: What a Jerome Powell nomination could mean for the Fed
    Mark Wilson/Getty Images

    (Markets Edition) One key issue to be looking at as Republicans try to overhaul our tax system: the expiration date of some these changes. Economist Diane Swonk joined us to discuss why it could be a problem if some of these potential tax cuts are just temporary. Afterwards, we’ll talk with Phillip Swagel, a former Treasury Department official in the George W. Bush administration, about what Jerome Powell’s potential nomination as Fed chair could mean for monetary policy. And finally, we’ll look at the $1.2 billion Venezuela owes to creditors, which it could risk defaulting on.  

  • 11/02/2017: How payroll taxes can translate to lower wages
    Scott Olson/Getty Images

    (U.S. Edition) The House GOP is planning on releasing its tax bill soon, and in the plan we’ll finally learn more about tax brackets and tax rates. But there’s another part of the tax code that’s currently very important to many low- and middle-income households: payroll taxes, also known FICA. On today’s show, we’ll look at what these taxes are and why economists say employers are passing on the costs of this tax to employees in the form of lower wages. Afterwards, we’ll look at how the current Fed chair frontrunner, Jerome Powell, might approach future policy. Plus: A conversation with Julie Smolyansky, CEO of Lifeway Foods and an outspoken champion for survivors of sexual assault, about how our culture needs to change.

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Get up to speed on the news each morning with our daily radio show and podcast, “Marketplace Morning Report,” hosted by Kimberly Adams. We give you the economy without the anxiety, in the amount of time it takes to brew a cup of coffee. Start your day with us, on air or by downloading our podcast, for context and perspective on the economic news that matters to you.

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