Jul 27, 2017

07/27/2017: The other Anthony Scaramucci story

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We're going to set aside the palace intrigue around new White House Communications Director Anthony Scaramucci today (yes, even that) and take a look at his finances instead. He ran a fund-of-funds firm called SkyBridge Capital, which he sold to a Chinese company to take a government job. We'll take a look at the sale and how much "The Mooch" is set to make from it. Then: a deep dive into the challenges and promise of wind farms at sea and a visit to a virtual charter school in Erie, Pennsylvania.

Segments From this episode

07/27/2017: Why communities can find solace at their local McDonald's

Jul 27, 2017
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.

In an era when water ownership sparks disputes, one Georgia water agency wants to share its supply

Jul 27, 2017
Use less water, share more of it. One Georgia water agency bucks the water wars stereotype.
The pond at Starr’s Mill is one of the reservoirs that Fayette County operates. The water system is allowed to use water from this reservoir, but it doesn’t, choosing instead to let it flow downstream for other uses. 
Molly Samuel/for Marketplace

More kids are logging on to learn at cyber schools

Jul 27, 2017
It's an alternative to traditional schools that don't work for some kids. But there are some concerns about the charters' performance and oversight.
Jakob Pandolph, 9, attends the Pennsylvania Cyber Charter School, one of the largest online public schools in the country.
Amy Scott/Marketplace

Scaramucci's hedge fund sale to Chinese firm could pose a conflict of interest

Jul 27, 2017
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 […]

Weed is a booming "adjacent" economy

Jul 27, 2017
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 […]

LIBOR interest rate to be phased out

Jul 27, 2017
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 […]

Moving wind power further offshore could change the renewable equation

Jul 27, 2017
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 […]

We’re going to set aside the palace intrigue around new White House Communications Director Anthony Scaramucci today (yes, even that) and take a look at his finances instead. He ran a fund-of-funds firm called SkyBridge Capital, which he sold to a Chinese company to take a government job. We’ll take a look at the sale and how much “The Mooch” is set to make from it. Then: a deep dive into the challenges and promise of wind farms at sea and a visit to a virtual charter school in Erie, Pennsylvania.

Music from the episode

Realize Matilde Davoli
Rockchurch DJ Babu
Un Universo Para Los Dos Oktoberklubben
Star Roving Slowdive
J-Boy Phoenix