May 31, 2017

05/31/2017: We’ll always have Paris (or maybe we won’t)

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We're still waiting on the official word out of the White House on whether President Trump will pull the U.S. out of the Paris Agreement on climate change. It's looking likely, but some of the news around Trump's decision today indicate businesses are still planning on climate change no matter what. Then: Goldman Sachs is taking heat for nearly $3 billion worth of Venezuelan bonds it bought from a state-owned oil company via a broker. It stands to profit handsomely, but protesters are ripping the bank for making money from a country that's facing food shortages. We'll explain everything you need to know about the so-called "hunger bonds." Plus: A look at how one airport is enlisting drones to get things moving more efficiently.

Segments From this episode

What the FERC does and why it's not doing it

May 31, 2017
The federal agency has been hamstrung by slow appointments to key positions.
David McNew/Getty Images

‘America first’ trade policies don’t play so well in Europe

May 31, 2017
Protectionist trade policies could make U.S. trade deals harder to come by.
JONATHAN ERNST/AFP/Getty Images

Businesses will keep cutting carbon despite the US withdrawal from the Paris accord

May 31, 2017
Businesses, including Dow and Proctor & Gamble, have vowed to continue fighting climate change. So how much does the Paris agreement matter then?
The One World Trade Center in New York City is illuminated with green light on June 1 at the direction of New York Governor Andrew Cuomo, in response to President Donald Trump's decision to pull the United States out of the Paris climate accord.

 

 
Drew Angerer/Getty Images

Refugee agencies in the U.S. are feeling strained

May 31, 2017
With the number of refugees allowed to enter the country in flux, those who help them are feeling financial pressures and anxiety.
Scott Eisen/Getty Images

Goldman Sachs: When protests and profits collide

by
May 31, 2017
There were protestors in front of Goldman Sachs’ offices in Manhattan yesterday who were angry with the bank for a purchase it made. Goldman bought $2.8 billion worth of Venezuelan bonds from the state-owned oil company through a broker. It struck a real bargain, too, getting them for 31 cents on the dollar. That means […]

With lagging sales and consumer demand for discounts, Michael Kors to close up to 125 of its full-price stores

May 31, 2017
In yet another blow to the brick-and-mortar retail business, luxury retailer Michael Kors announced it will close up to 125 of its full-price stores. The company and its competitors have been facing slowing sales as more customers shop online and spend less on apparel.  Michael Kors CEO John Idol announced the store closures in today’s […]

How an Atlanta airport is using drones to help with runway maintenance

May 31, 2017
Normally airports send out teams on foot to assess wear and tear on runways, work that drones can finish in half the time.
Jim Duguay and Katie Eleam pilot a drone over runway 27R at Hartsfield-Jackson Atlanta International Airport.
Sam Whitehead

We’re still waiting on the official word out of the White House on whether President Trump will pull the U.S. out of the Paris Agreement on climate change. It’s looking likely, but some of the news around Trump’s decision today indicate businesses are still planning on climate change no matter what. Then: Goldman Sachs is taking heat for nearly $3 billion worth of Venezuelan bonds it bought from a state-owned oil company via a broker. It stands to profit handsomely, but protesters are ripping the bank for making money from a country that’s facing food shortages. We’ll explain everything you need to know about the so-called “hunger bonds.” Plus: A look at how one airport is enlisting drones to get things moving more efficiently.

Music from the episode

Stress Me Out Bibio, Olivier St.Louis
It Gets Funkier IV Vulfpeck, Louis Cole
Slow Boogie Various Artists
The Worse It Gets Penguin Prison