Jul 27, 2018

The latest GDP numbers are good. They’re good! But …

HTML EMBED:
COPY

... They need some context. Yes, 4.1 percent quarterly GDP growth on an annualized basis is unambiguously good news. But a lot's happened in the economy this quarter that's worth mentioning as we take a wider view on how fast…

Segments From this episode

New York's public housing faces a big maintenance and repair bill

Jul 27, 2018
For tenants, the problems include mold, lead paint and broken boilers that force residents to use their ovens to keep warm during the winter.
Angel King and Calvin Drumgo, third vice president and president of the Tenants' Association at the Breukelen Houses public housing complex in Canarsie, Brooklyn..
Ashley Milne-Tyte/Marketplace

… They need some context. Yes, 4.1 percent quarterly GDP growth on an annualized basis is unambiguously good news. But a lot’s happened in the economy this quarter that’s worth mentioning as we take a wider view on how fast the economy is growing. We’ll start today’s show by doing the numbers. Then, we’ll look at some big numbers, like 1,200 percent profit growth at Amazon. That’s a huge leap, and it’s especially notable because the company’s biggest moneymaker isn’t retail. Finally, public housing in NYC needs more than $32 billion in property repairs. How can the city make up that gap?

Music from the episode