Apr 29, 2021

Tearing down houses in the flood zone

Blake Farmer/WPLN News

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."

Segments From this episode

Fed once again leaves interest rates unchanged

by David Brancaccio and Nancy Marshall-Genzer

Apr 29, 2021

Chair Jerome Powell says the Fed is committed to its goals of 2% inflation and full employment.

Fed Chair Jerome Powell says the higher inflation we’re seeing now in some parts of the economy is temporary, and unemployment is still too high.

Jim Lo Scalzo/Pool/AFP via Getty Images

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The global chip shortage is getting worse for automakers and tech companies

Marketplace’s Nova Safo has more.

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Federal money withheld from "sanctuary cities" back in play

by Andy Uhler

Apr 29, 2021

For some jurisdictions, the grant money is the biggest source of federal law enforcement funding.

Brendan Smialowski/AFP via Getty Images

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Nashville flooding renews federal push to tear down homes

by Blake Farmer

Apr 29, 2021

Those in areas prone to flooding are weighing whether it's better to stay in a home, or take a government buyout.

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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Music from the episode

3OWLS Marvin Romero

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

Brian Allison Engineer

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Rose Conlon Producer

Alex Schroeder Producer

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