Jun 29, 2017

06/29/2017: Who still shops at Staples?

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No health care on the show today — and very little President Trump — just some good ol' fashion corporate news up top. The office supply store Staples, has agreed to be acquired for nearly $7 billion. If the private equity deal goes through, it'll be the biggest buyout of the year to date. But it's also been a grim year for retail; sales and profits at Staples have been dropping for years. So who's buying? And why? Then: We're talking about a lot of stress tests today, not just on the nation's big banks but on energy companies.  Investors at Occidental Petroleum and Exxon Mobil voted last month for more transparency around climate change, and how it'll affect the bottom line. Plus: National Parkas and Forests make for popular camping spots over any summer, but that public campground might be privately run these days.

Segments From this episode

National forest campgrounds increasingly operated by private companies

Jun 29, 2017
Officials say they need the private operators because of budget cuts and increased spending on fighting wild fires.
Josh Larson and his friends cook breakfast at Rose Valley Campground in the Los Padres National Forest. The campground is under private management.
Kathryn Barnes

Exxon investors want a bank-style stress test for climate change

Jun 29, 2017
Shareholders have voted for transparency on climate risk.
ERIC PIERMONT/AFP/Getty Images

Attacks on currency have real economic consequences

by
Jun 29, 2017
The recession of 2008 was prolonged and worsened by China's currency manipulation.
STR/AFP/Getty Images

What happens when a state has $15 billion worth of unpaid bills?

Jun 29, 2017
Decisions about who gets paid are 'life and death,' says the Illinois comptroller.
The former Illinois state capitol building in Springfield.
Photo by Mark Wilson/Getty Images

Behemoth office supply company on offer for bargain basement price

Jun 29, 2017
You’ve seen the headlines: the death of retail, the retailpocalypse, the end of the shopping mall as you know it. Well, add another line to that narrative: Staples, the office supply store, has agreed to sell itself off for nearly $7 billion. Sales and profits at Staples have been dropping steadily for four years. So […]

What kind of banking risks are lurking in the shadows?

Jun 29, 2017
The nation’s biggest banks all passed their annual stress tests and bank stocks today took off. Earlier in the week, Federal Reserve Chair Janet Yellen offered additional reassurance about the financial sector, saying she doesn’t think there will be another massive financial crisis in her lifetime. But traditional banks are only part of the picture […]

No health care on the show today — and very little President Trump — just some good ol’ fashion corporate news up top. The office supply store Staples, has agreed to be acquired for nearly $7 billion. If the private equity deal goes through, it’ll be the biggest buyout of the year to date. But it’s also been a grim year for retail; sales and profits at Staples have been dropping for years. So who’s buying? And why? Then: We’re talking about a lot of stress tests today, not just on the nation’s big banks but on energy companies.  Investors at Occidental Petroleum and Exxon Mobil voted last month for more transparency around climate change, and how it’ll affect the bottom line. Plus: National Parkas and Forests make for popular camping spots over any summer, but that public campground might be privately run these days.

Music from the episode

Stressed Out Twenty One Pilots
Stress Rap Cannibal Ox
John Doe Shade Sheist, DJ Quick, Hi-C, AMG, Swift
Where Are Ü Now (with Justin Bieber) Jack Ü, Skrillex, Diplo, Justin Bieber
The Message Dr. Dre, Mary J. Blige, Rell