07/27/2017: The other Anthony Scaramucci story

The end may be nigh for one of the world's most important interest rates. The LIBOR, or London Interbank offer, may play a role in whether your household budget is on track and your adjustable mortgage. But there's news that it may get phased out over the next four years. On today's show, we'll look at why it may go away and what'll take its place. Afterwards, we'll discuss the future of the Fed Chair position, and then chat with Guardian reporter Chris Arnade about the importance of McDonald's in local communities.

Anthony Scaramucci, the new White House communications director, still has pending business with China. His hedge fund firm, SkyBridge Capital, will be sold to a Chinese company, the HNA Group, once regulators sign off. The Wall Street Journal reports the deal could be worth $250 million and that Scaramucci himself stands to earn between $62 […]

The High Times Corp. — owner of the 43-year-old High Times magazine, sponsor of the annual Cannabis Cup — is going public. The company announced today it expects to list on the NASDAQ by October. Pot is a $6.7 billion annual business in North America, according to the cannabis research firm Arcview Group. And as […]

Britain’s main financial regulator said today that a key benchmark interest rate will be phased out by the end of 2021. LIBOR, the London Interbank Offered Rate, was badly damaged a few years ago in a multibillion dollar rate-rigging scandal. The Brits hope a new benchmark, called SONIA — the Sterling Over Night Index Average — will take […]

Wind energy provides more than 5 percent of the nation’s power, but the U.S. still lags behind other countries when it comes to offshore wind. Efforts to build it up face opposition from people who fear wind turbines will mar their ocean view and drive down property values or tourism. A bill now in Congress […]