Feb 14, 2017

02/14/2017: Who wins and loses with a border tax?

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Thanks for spending your Valentine's Day with us. Our stories today aren't romantic, but they are important. First up, we'll look at how businesses are responding to a GOP border tax proposal. Then, Kai and Molly answer listener questions in a Make Me Smart lightning round. Plus, sweeping changes at America's fish markets and Fashion Week.

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Mayo Clinic's hometown looks to become the 'Silicon Valley of medicine'

Feb 14, 2017
Rochester, Minnesota, has a $6.5 billion 20-year development plan to compete for top talent and spur innovation.
The Mayo Clinic, located in downtown Rochester, Minnesota, is part of an effort to spur innovation and economic development.
Jerry Olson

How sustainable seafood can harm coastal communities

Feb 14, 2017
Lee van der Voo wrote about the 'catch share' system in her book 'The Fish Market.'
"That halibut that's costing $28 to $30 a pound in the Whole Foods case, the guy that goes and catches that is paying up to 75 percent of the revenue of that trip to a landlord," Lee van der Voo says. "That's a problem."
Andrew Caballero-Reynolds/AFP/Getty Images

Is the runway still important at New York's Fashion Week?

Feb 14, 2017
How social media is changing the business of fashion and why some big brands are struggling to keep up.
The runways do matter, Kate Betts says, but there is probably more going on behind the scenes.
Mike Coppola/Getty Images

Trump set to make his mark on the Federal Reserve

Feb 14, 2017
Janet Yellen testified to Congress today about banking, interest rates and the economy. One issue she also addressed: vacancies on the interest-rate setting Federal Open Market Committee. Daniel Tarullo, Federal Reserve governor, resigned last week, leaving President Donald Trump with three openings to fill on the seven-member board. Tarullo was the point man on bank […]

GOP hears pros and cons from businesses about proposed tax

Feb 14, 2017
House Republicans are mulling an overhaul to the tax code, specifically, how businesses are taxed. One possibility? Businesses that import items would see higher taxes on those goods — as much as 20 percent — and exporters would have the money they make off those exports exempt from taxes. Domestic manufacturers favor the plan, but […]

Toshiba is in survival mode after failed bet on nuclear energy

Feb 14, 2017
Toshiba, a fixture of Japan Inc. for more than a century, is in big trouble — to the tune of $6.3 billion. The company announced that whopping loss after the market closed in Tokyo today, and that may not be the worst yet. Some news reports say Toshiba might not survive in its current form. […]

Toshiba is in survival mode after failed bet on nuclear energy

Feb 14, 2017
Toshiba, a fixture of Japan Inc. for more than a century, is in big trouble — to the tune of $6.3 billion. The company announced that whopping loss after the market closed in Tokyo today, and that may not be the worst yet. Some news reports say Toshiba might not survive in its current form. It is, […]

Thanks for spending your Valentine’s Day with us. Our stories today aren’t romantic, but they are important. First up, we’ll look at how businesses are responding to a GOP border tax proposal. Then, Kai and Molly answer listener questions in a Make Me Smart lightning round. Plus, sweeping changes at America’s fish markets and Fashion Week.

Music from the episode