Aug 18, 2017

08/18/2017: Life in a "New Deal Utopia."

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Steve Bannon has joined the list of recent White House departures, and with that, the prospect of a trade war with China got a little less likely. And that's good, because in spite of all the real economic competition between the world's two largest economies, they need each other. To that end: Beijing put out some new rules on overseas investments today, specifically limits on certain kinds of foreign acquisitions by Chinese companies. We'll talk about what that means. Then: During the Great Depression, the government started an experiment. It designed and built entire towns that were federally planned and subsidized. They were called Greenbelt Towns, and three of them got made before politics and economics got in the way. We'll talk with photographer Jason Reblando, who explores the Greenbelt in his new book "New Deal Utopias." Plus, as always, we'll cover a busy week in business and economic news during the Weekly Wrap.

Segments From this episode

Coal under Trump: one miner’s perspective

Aug 18, 2017
"When somebody has something good to say about you, you’d say, 'You know what? That’s great.'”
Don Stahly, a third-generation coal miner, has been working underground in Colorado's West Elk Mine since 1999. He says he understands his job will not last forever, but is happy with what President Trump is doing to bolster the coal industry.
Dan Boyce

Greenbelt, Maryland, can't hide its town pride

Aug 18, 2017
Photographer Jason Reblando tells the story of America's historic greenbelt towns.
"Daffodil House" in Greendale, Wisconsin.
Courtesy of Jason Reblando

Chinese government issues new rules on overseas investments

Aug 18, 2017
China’s government today unveiled new rules for overseas investments by Chinese businesses. The rules discourage companies from what are called “irrational” acquisitions of assets in industries ranging from real estate to hotels and entertainment.  In recent years, China has invested heavily in the U.S. What will the new rules mean for U.S. businesses? Click the […]

The cargo shipping industry is turning things around

Aug 18, 2017
After the Great Recession, the cargo shipping industry overestimated how fast the consumer economy would bounce back. It’s been a tough few years, with empty space on many cargo ships that carry furniture, clothes and office supplies — pretty much all the stuff Americans buy in stories. But now, old ships are getting replaced with a […]

With Steve Bannon out, what’s at stake for Trump’s economic agenda?

Aug 18, 2017
The former chief strategist joins the list of the administration’s developing tradition of Friday departures.
President Donald Trump and Stephen Bannon during the swearing-in of senior staff in the East Room of the White House on January 2017 in Washington, DC.
MANDEL NGAN/AFP/Getty Images

Steve Bannon has joined the list of recent White House departures, and with that, the prospect of a trade war with China got a little less likely. And that’s good, because in spite of all the real economic competition between the world’s two largest economies, they need each other. To that end: Beijing put out some new rules on overseas investments today, specifically limits on certain kinds of foreign acquisitions by Chinese companies. We’ll talk about what that means. Then: During the Great Depression, the government started an experiment. It designed and built entire towns that were federally planned and subsidized. They were called Greenbelt Towns, and three of them got made before politics and economics got in the way. We’ll talk with photographer Jason Reblando, who explores the Greenbelt in his new book “New Deal Utopias.” Plus, as always, we’ll cover a busy week in business and economic news during the Weekly Wrap.

Music from the episode

It Gets Dark Holy Ghost!
Star Roving Slowdive
Polypel Nitemoves