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Marketplace Morning Report for Friday June 20, 2014
Jun 20, 2014

Marketplace Morning Report for Friday June 20, 2014

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The Brookings Institution is out with a new report today on foreign-owned businesses in the U.S. We take a look at this snapshot of foreign direct investment – what sort of jobs it represents, and where. Plus, Detroit is getting ready to take a major step toward a new hybrid pension plan aimed at getting the city through bankruptcy. Plenty are watching, including the California state pension system Calpers, which is worried about the precedent Detroit’s changes might set. Also, an unusual program in New York has the unlikely combination of students from tough backgrounds and the watches that wrap the wrists of billionaires and celebrities. Marketplace's Mark Garrison reports from New York in an attempt to save a threatened profession and better the lives of some at-risk young people. Then, there's a new trend taking hold in corporate governance circles...It's called a "benefit corporation." This new class of company lets firms declare that some higher social purpose is as important as profits. The idea has only been around for a few years but a growing number of states now offer it. We investigate.

Segments From this episode

Foreign investors may be behind your paycheck

Jun 20, 2014
Foreign-owned U.S. businesses employ 5.6 million American workers.

Central bankers clear the way for stock gains

Jun 20, 2014
Despite geopolitical risks, stock markets around the world keep on going up.

B-corporations can put social purpose over profits

Jun 20, 2014
Minnesota is the latest state to offer businesses b-corporation status

Watchmaking revived by at-risk youth

Jun 20, 2014
An unusual program combines students from tough backgrounds and expensive watches

Detroit's revamped pension plan may set new precedents

Jun 20, 2014
Why the California state pension system cares about Detroit's bankruptcy.

GE Capital ordered to pay quarter of a billion dollars

by
Jun 20, 2014
More on the largest discrimination-based credit card settlement in US History

PODCAST: Why Russia is allegedly anti-fracking

Jun 20, 2014
Russia allegedly funds anti-fracking, Detroit's new pensions, and b-corporations

The Brookings Institution is out with a new report today on foreign-owned businesses in the U.S. We take a look at this snapshot of foreign direct investment – what sort of jobs it represents, and where. Plus, Detroit is getting ready to take a major step toward a new hybrid pension plan aimed at getting the city through bankruptcy. Plenty are watching, including the California state pension system Calpers, which is worried about the precedent Detroit’s changes might set. Also, an unusual program in New York has the unlikely combination of students from tough backgrounds and the watches that wrap the wrists of billionaires and celebrities. Marketplace’s Mark Garrison reports from New York in an attempt to save a threatened profession and better the lives of some at-risk young people. Then, there’s a new trend taking hold in corporate governance circles…It’s called a “benefit corporation.” This new class of company lets firms declare that some higher social purpose is as important as profits. The idea has only been around for a few years but a growing number of states now offer it. We investigate.

The team

Stephen Ryan Producer, BBC