Aug 7, 2017

08/07/2017: Where did globalization go wrong?

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A lot's changing about America's place in the global economy. NAFTA negotiations are starting next week in Washington, and President Trump has already withdrawn from the Trans-Pacific Partnership. In a lot of ways, it's the total opposite of the late '80s and early '90s, when opening things up was supposed to be the key to growth. We're kicking off our new series, "Trade Off," with a look at the dream of trade some 30ish years ago. Globalization had some much-hyped economic winners, but the losers were hit disproportionately hard. Plus: putting the recent sanctions against North Korea into perspective. Then: What would get people to stop using checks?

Segments From this episode

What went wrong with globalization?

Aug 7, 2017
Opening up borders created economic winners, but the losers were hit disproportionately hard.
Ken Garduno, Illustrator

Connecticut's budget gap will likely hurt social service recipients

Aug 7, 2017
Some lawmakers are eyeing the hedge fund industry as a potential piggy bank.
Barbara Deindorfer said she's concerned for her brother John's future without state services.
Harriet Jones/ for Marketplace

Can sanctions deter North Korea’s nuclear ambitions?

by
Aug 7, 2017
Over the weekend, the U.N. Security Council unanimously approved a new round of sanctions against North Korea. The sanctions could shave a billion dollars off the country’s annual export revenue, essentially cutting it by a third. This is in response to North Korea’s recent tests of intercontinental ballistic missiles, which broke existing international sanctions. Is there […]

The federal government under Trump has 11,000 less workers – although that may not be by design

Aug 7, 2017
We’re at the 200-day mark of Donald Trump’s presidency. One policy goal that seems to have been achieved so far: cutting the size of the federal workforce. The July jobs report found that the Trump administration has shed almost 11,000 workers since January. In comparison, President Obama added 60,000 new federal employees in his first […]

SoftBank’s profit jumps as it eyes more investments in U.S. tech

Aug 7, 2017
One of the big names in corporate earnings news today was SoftBank, which reported that its quarterly profit rose 50 percent from a year ago. If you’ve never heard of the Japanese conglomerate, you probably have heard of Sprint. SoftBank bought a majority stake in the U.S. wireless carrier four years ago for 22 billion […]

Checks are the economic dinosaurs Americans won't give up

Aug 7, 2017
In the U.S., people wrote about 38 checks on average in 2015, compared to 18 in Canada, 8 in the U.K., and almost none in Germany.
A woman writes a check. 
Sherman / Getty Images

A lot’s changing about America’s place in the global economy. NAFTA negotiations are starting next week in Washington, and President Trump has already withdrawn from the Trans-Pacific Partnership. In a lot of ways, it’s the total opposite of the late ’80s and early ’90s, when opening things up was supposed to be the key to growth. We’re kicking off our new series, “Trade Off,” with a look at the dream of trade some 30ish years ago. Globalization had some much-hyped economic winners, but the losers were hit disproportionately hard. Plus: putting the recent sanctions against North Korea into perspective. Then: What would get people to stop using checks?

Music from the episode

Tape Machine STRFKR
Compass Point Holy Ghost!
Turino Sun Sébastien Tellier
Painting Greys Emmit Fenn