Jul 25, 2017

07/25/2017: This is what "voting to proceed" looks like

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The Senate's effort to repeal-and-something Obamacare inched forward a bit today, and the next 24 hours or so are going to be busy. We'll walk though what happens next. Then: The Federal Reserve meets tomorrow, so let's talk interest rates.…

Segments From this episode

Why consumer credit is a matter of "social trust"

Jul 25, 2017
The modern credit economy mostly works, author Josh Lauer says.
Spencer Platt/Getty Images

Farmers struggle with low commodity prices

Jul 25, 2017
Farmers, in particular those producing grain, are struggling, thanks mostly to low commodity prices amid a global grain glut.
Tom Giessel is a Kansas wheat farmer who harvested 1,800 acres of wheat in late June. He stands here in his field near Larned, Kansas. 
Peggy Lowe for Marketplace

Big business puts some pressure on big banks

by
Jul 25, 2017
The Federal Reserve probably will not announce a rate hike on the second day of its Federal Open Market Committee meeting on Wednesday. But there’s a decent chance it will again by year’s end. And since the Fed started raising…

A scientist worries about a climate "hostile to science and the truth"

Government funding has been pretty reliable — up until now, the Los Alamos National Laboratory researcher says.
ANGELIKA WARMUTH/AFP/GettyImages

Banks suffer as commodities trading hits a rocky patch

Jul 25, 2017
Commodity trading — often a big money maker for banks and hedge funds — has been subdued in recent months, leading to significant drops in revenue. Goldman Sachs recently said its commodity trading unit had the worst quarter on record, and other…

First the handbag, now shoes to match: Michael Kors buys upscale shoemaker Jimmy Choo for $1.2 billion

Jul 25, 2017
Jimmy Choo has been among the biggest names in high-end shoes for decades, but the company put itself up for sale in April. Today, fashion house Michael Kors announced it’ll buy the British footwear brand for $1.2 billion. Kors has…

Why the U.S.’s productivity downturn might not be as bad as it looks

Jul 25, 2017
Many would agree that the key to economic growth, in the U.S. and elsewhere, has long been productivity — how many widgets produced per hour worked. Many would also agree that the U.S. is suffering from a downturn in productivity.…

The Senate’s effort to repeal-and-something Obamacare inched forward a bit today, and the next 24 hours or so are going to be busy. We’ll walk though what happens next. Then: The Federal Reserve meets tomorrow, so let’s talk interest rates. The benchmark federal funds rate has gone up a full percentage point since the Fed started hikes. So why isn’t your saving account making a thing? Plus: Farmers are struggling thanks mostly to low commodity prices amid a global grain glut. We’ll look at the view from the wheat fields.

Music from the episode

Tidal Waves The Shacks
Coffin Nails MF DOOM
Redbone Childish Gambino
Afria Talks to You Delicate Steve