Jul 12, 2017

07/12/2017: Here’s what Janet Yellen’s thinking

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The Humphrey Hawkins Act of 1978 codified two fundamental parts of the Federal Reserve. First, the dual mandate of full employment and steady inflation. Second, that twice a year the Fed chair would schlep up to Capitol Hill and tell Congress what's goin' on with the economy. Today was possibly the last Humphrey Hawkins day for Chair Janet Yellen, so we'll go over a few highlights of her testimony. Then: The refugee crisis is still very real in Greece, where the government is struggling to keep up. Now, help is coming from an unlikely source. Plus, when does corporate-funded research cross the line? Google might be skirting it, according to an investigation from The Wall Street Journal.

Segments From this episode

Anarchists offer a lifeline for refugees in Greece

Jul 12, 2017
Thousands have obtained access to housing, services and medical care through Athens outsiders.
Graffiti in the Exarchia neighborhood of Athens offers a message of support for refugees and migrants. 
Ryan Kailath/Marketplace

The internship, brought to you by summer

Jul 12, 2017
Today's summer internships — 42 percent of which are unpaid — have their roots in apprenticeships from an earlier era.
Interns run with a court decision to reporters stationed outside of the U.S. Supreme Court June 29, 2015 in Washington, DC.
Mark Wilson/Getty Images

Walmart is cracking down on its supplier network

Jul 12, 2017
The retail giant will impose a 3 percent fine on products that don't arrive on time.
Justin Sullivan/Getty Images

How Google expands its influence by paying professors

Jul 12, 2017
Lobbying comes in many forms. It can be meetings and phone calls or quiet chats in the corridors of power. Or academic papers. A story in the Wall Street Journal today highlights how Google’s Washington-based lobbying shop uses scholarly work to expand its influence. The Wall Street Journal’s Brody Mullins had the story. He talked […]

Health care costs are pricey in the small business world

We check in with Cary Quigley, who runs a plastics company in Pennsylvania.
Factory workers at Erie's Sterling Technologies in 2017.
Maitham Basha-Agha/Marketplace

Businesses are saving time and money by getting rid of cash

Jul 13, 2017
Salad chain Sweetgreen spent 2 hours a day managing bills and coins. But not everyone is ready to give up cash.
Is paper money on its way out?
Mark Wilson/Getty Images

The Humphrey Hawkins Act of 1978 codified two fundamental parts of the Federal Reserve. First, the dual mandate of full employment and steady inflation. Second, that twice a year the Fed chair would schlep up to Capitol Hill and tell Congress what’s goin’ on with the economy. Today was possibly the last Humphrey Hawkins day for Chair Janet Yellen, so we’ll go over a few highlights of her testimony. Then: The refugee crisis is still very real in Greece, where the government is struggling to keep up. Now, help is coming from an unlikely source. Plus, when does corporate-funded research cross the line? Google might be skirting it, according to an investigation from The Wall Street Journal.

Music from the episode

Yet Again Grizzly Bear
Crimewave Crystal Castles
Passion Fruit Belle & Sebastian
Love Jones J Dilla