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Episodes 8001 - 8010 of 10000

  • For the past two years, Apple has allowed outside inspectors to examine factory conditions for the Chinese workers who make iPads, iPhones, and the company’s other iconic products. Today, the Fair Labor Association released its final report on three factories run by the Apple supplier Foxconn. And, there are 9 out of 10 chances that the orange juice you just had comes from Florida — or maybe the juice you didn’t have because of the high prices. A look at an orange tree disease that’s changings the economics of breakfast.    

  • President Obama is calling a surprise bipartisan budget agreement in Congress a good first step. The deal will roll back some of the across-the-board sequester cuts to the budget while at the same time raising fees on things like the security surcharge on airline tickets. If the deal is approved, federal pensions will change. And, not long ago, Peter Buffett sent a frisson through the world of philanthropy with a recent op-ed piece saying a lot of charity gets it wrong. Buffett presides over a major philanthropy along with his wife, Jennifer. Their foundation works to empower girls and women globally and to foster locally-focused economies. Jennifer and Peter Buffett tell Marketplace Morning Report why philanthropies have to watch out for the unintended consequences of their giving.

  • The final text of the so-called Volcker rule is set to debut this morning. The controversial centerpiece of the Dodd-Frank financial reform law that came out of the 2008 economic collapse, the Volcker rule will attempt to limit this proprietary trading in the interest of avoiding another taxpayer bailout of Wall Street. Officials in China are worried that credit there got too easy, fueling what might be a speculative bubble. Some Chinese lenders have used borrowing between banks as a disguise for some of their riskier ventures. But interbank lending is a bedrock part of the legitimate financial system and some foreign banks are feeling caught up in China’s crackdown. And, this week, Marketplace’s Wealth and Poverty Desk is taking a deep dive into philanthropy. Today, we meet someone who’s learned a few lessons about grant-making, the hard way. 

  • Over the last four days, China’s commercial capital Shanghai has been smothered by its worst air pollution on record.  Buildings were invisible from the waist up, flights were canceled, and city vehicles have been ordered off the roads as people stay indoors, hunkered down around their particle filters. And, today Marketplace’s Wealth and Poverty Desk launches a series called A Lot to Give. It’s about high-wealth philanthropy, which is sometimes defined as people who give a million dollars or more. It turns out there are some 80,000 private charitable foundations operating in the U.S. today. And you don’t have to be crazy rich to launch one.

  • Nelson Mandela, the man who lead South Africa to end apartheid and served as an inspiration to many around the world, died yesterday at 95. His death is a reminder of how economics can be a tool of oppression as well as a tool of liberation. The government’s official jobs numbers are out this morning. With unemployment in the U.S. still over 7 percent but new jobs being created at a slow but steady clip now, there are lots of people applying for virtually every position advertised. Most of these applicants are screened by a computerized “applicant tracking system.” But some applicants are being left out and companies are trying to put the human touch back into the screening process. 

  • Today, China’s central bank officially barred Chinese banks from offering services connected to the virtual, digital currency Bitcoin. The government also issued a new set of regulations for Bitcoin exchanges in China. And, as federal health care reform unfolds, Marketplace continues to follow the city of Camden, New Jersey to see how the new law affects one community. Today, we visit to Cooper University Hospital, which is expecting a surge of patients starting next month, as millions of people get health insurance, some for the first time. The question for hospital executives is how to manage this new population. The answer: Take a page from the airline industry.

  • A half a dozen big banks like Deutsche Bank and JPMorgan have been hit with a record $2.3 billion dollar fine from the European Commission for colluding to rig two benchmark lending rates that set the price of money between banks — something on which they were supposed to competing. How do you know when to start collecting Social Security? And, if you have missed fake newsman Ron Burgundy this week, you are living under a rock. The character played by Will Farrell has been everywhere promoting his new movie, “Anchorman 2” — hawking Dodge Durangos, anchoring a real North Dakota newscast, and at Emerson College, where one of the actual schools will be renamed for him for a day.

  • A judge in Detroit is scheduled to decide if the city is eligible for bankruptcy protection, which it filed for back in July. Plus, native ads are ads that don’t look like ads. They blend in with the main content of the site, like a promoted Tweet from Samsung about its new or an article about a miracle weight loss drug on a news site. This week, the Federal Trade Commission is hosting a meeting about native advertising. Finally, the Great Recession dealt a cruel blow to young people who were trying to break into the workforce at the time. Many faced long stretches of unemployment. Of those who did find jobs, they made less, and will continue to make less for years.

  • Thousands of protesters in Kiev, Ukraine are blocking government buildings in the largest political crisis Ukraine has faced in nearly a decade. Demonstrators are calling for a change of government after the country’s president abruptly ditched a deal for closer ties with the European Union. He says the EU deal would hurt ties with Russia. There’s a new smart phone using the Android system that’s hitting the market this week, with two screens — one front, one back. And, it’s not often the U.S. Treasury shakes things up. But next year, the Treasury is going to make a change, by issuing what’s called a “floating rate note.”

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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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