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Marketplace

Marketplace Business News Podcast
Kai Ryssdal
Latest Episode

Marketplace for Thursday May 29, 2014

May 29, 2014

Episodes 3281 - 3290 of 5796

  • In a long- awaited report, the Federal Trade Commission today called for consumers to have more control over their personal information. The FTC wants Congress to consider legislation restricting the way data brokers can use the information they gather from “online” and “offline” sources. For example: What consumers buy, their social media activity, magazine subscriptions and political  affiliations. In this episode we look at how the data brokers operate. Also, Google recently introduced a prototype for their self-driving vehicle. Generation of Americans have experienced driver’s-ed as a rite of passage, sitting behind a wheel while a driving instructor with his own set of controls yells, “Cwutch it! Cwutch it!!!!” (Or maybe not…) Now that Google is developing a second-generation self-guided car with no controls for a human driver to grab, it is possible to imagine a life where people in cars don’t even need to know how to drive. …New York comes to mind. Plus, “The Star Trek vision for a Universal Translator isn’t a galaxy away,” says corporate VP of Skype, Gurdeep Pall. And with that, comes the unveiling of new translation software that will work in real-time: “Skype Translator” will be launched later this year. After decades of research, Microsoft has apparently made a “breakthrough” in translation software, so we look at how much of a difference this will make, and the impact on international business.  

  • The online retailer Zappos has done away with traditional job postings, in favor of an internal social network which potential candidates must join. Although Zappos isn’t a very traditional company- they did away with job titles last year- we’ll look at the challenges companies face when hiring and how that process might be changing. Plus, chicken-producer Pilgrim’s Pride is making a hostile takeover bid for sausage supremo, Hillshire Brands. Pilgrim has boasted of wanting to create one big “protein-focused” company. In an age where Walmart style behemoths dominate the grocery sector, food producers like Pilgrim’s Pride see the advantage of size as they deal with the chains and seek market share. Climate change is also on the agenda today. As the Obama Administration readies its regualtions of carbon dioxide emissions by existing coal-burning plants, the underlying issue remains economics. If carbon dioxide emissions must be reduced, what is the most efficient means of doing so? Should we make everyone buy new, more energy-efficient cars and appliances? Or should we just address several hundred coal-burning plants that produce 30 percent of the U.S.’s carbon dioxide?  

  • One in three babies are born by Cesarian section in the U.S., but the rates of C-sections vary widely by state, and even by hospital. Gigi Douban reports on how a call by the American College of Obstetrics and Gynecology for fewer C-sections may play out. Meanwhile, Facebook has just announced new gender options. Users can now change their profiles to identify as transgender, transsexual, trans-feminine and many more; there are a lot of options. And for companies, making the choice to recognize, and, even showcase different lifestyles is becoming popular. And, Marketplace guest host David Gura talks about beer and business with Steve Hindy, co-founder of The Brooklyn Brewery. 

  • The president is naming his new pick to be the head of Housing and Urban Development, Julian Castro, currently the San Antonio mayor. And while HUD is something of a giant bureaucracy, it has less influence than you might think over housing in the U.S. We look at the limits of HUD’s power, and the tools HUD has to help the housing recovery. Plus, Hewlett-Packard is cutting thousands more jobs. Is this founder of Silicon Valley at the stage of life where it’s best strategy is cutting jobs to prop up profits as long as it can? Or can it, um, re-invent itself? Also, online retailer Amazon  dislikes a book critical of its founder. It now lists the paperback edition of author Brad Stone’s book as  unavailable.  We explore whether Amazon’s current dominant role in book sales gives it certain responsibilities in terms of evenhandedness.

  • As Sears Canada today posts its steepest fall in quarterly sales in almost five years, we look at why Canada has proved such a difficult terrain for US businesses. Plus, Unilever is selling its Ragu brand to a Japanese conglomerate, the latest passage for the spaghetti sauce that brought Italian cooking into the mainstream in the U.S. We look at the cultural and culinary history of Italian-American food and its banner sauce (which is in fact a marinara, not a ragout). Also, new census figures say 7 of the 15 fastest growing communities in the U.S. are in Texas – places like Cedar Park, Frisco and San Marcos. But that growth doesn’t necessarily translate to wealth. In San Marcos, the median household income is just $26,000, far less than the state median of $49,000.

  • Russia and China have struck a big deal that assures Gazprom a very big market in China for many years to come. We explain what Gazprom is and its strategy as a state-owned enrgy giant. Plus, Google may be planning to put ads in unusual places like thermostats, glasses, watches and refrigerators because it hopes to put its operating systems into the places as well. But peopl are already tuning out ads on their devices and TVs. So how hard will it be to ignore an ad when it becomes a bigger- and unavoidable- part of your daily routine? And should the ad industry be worried?

  • The White House is touting its record of bringing foreign investment to the US. We evaluate the claims and explain the many factors at play when it comes to insourcing and outsourcing. Plus, Dairy Queen comes to Manhattan – what does the arrival of heartland America mean to the island of Duane Read, Carvel and Tad’s? Also, Google is buying Divide, a New York-based startup. Divide does just what it says on the tin: it allows users to separate work and play on their mobile devices. Useful for businesses because they’re able to better secure and control the work side of their employees mobiles. Better for individuals because they can secure their personal data.   

  • The deal has been struck. AT&T announced it will aquire DirecTV for approximately $49 billion. We unpack all the pieces in play in this AT&T-DirecTV deal, and look at the sales job the company will have to do for regulators. Plus, Attorney General Eric Holder charged members of the Chinese military with “economic espionage.” We look at the reaction following Monday morning’s public announcement. Also, the U.S. is stepping up efforts to help Latin American coffee farmers fight a fungus called “coffee rust” that has been devastating coffee crops throughout the region. Finally, USAID today is announcing a $5 million partnership with Texas A&M’s World Coffee Research center to tackle the fungus, which has cost Latin American coffee farmers $1 billion and could drive up coffee prices in the US.      

  • The co-head of Deutsche Bank told his traders to stop being ‘boastful, indiscreet and vulgar’. An interesting admission – but is it a realistic demand? Or is he really just asking them to take it offline? Plus, if you had Red Lobster on one side of the street and Olive Garden on the other, which one would you choose? And if you owned both those casual-dining chains, which would you choose to keep? Darden has decided to sell Red Lobster and revamp their Olive Garden franchise. We investigate. Also, a recent review of sales per square foot of U.S. retailers found Apple at the top of the list. Makes sense given how pricey its items tend to be. Ditto with Tiffany, which came in at No. 3. But what about the Murphy gas station chain, which came in second place? We look at how these stores ended up atop this list, and what show-rooming and online sales have meant for this kind of ranking.

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About the show

Hosted by Kai Ryssdal, our leading business news radio program and podcast is about providing context on the economic news of the day. Through stories, conversations and newsworthy developments, we help listeners understand the economic world around them. Marketplace makes sense of the economy for everyone, no econ degree or finance background required. Marketplace doesn’t just report on the numbers, we take it deeper, adding context to what’s happening in the stock market and how macroeconomic policy can affect you and your business. Monday through Friday, our team speaks with a wide range of industry professionals — from small business owners to Fortune 500 CEOs, Marketplace breaks down complex topics related to business and the economy without industry jargon and over-complicated explanations.

Kai Ryssdal has led the program since 2005 and has hosted the program from China, the Middle East and dozens of cities across the United States. As a leading public media voice, Kai has been a trusted broadcaster for two decades and received an Emmy for investigative journalism on a PBS FRONTLINE documentary about money in politics called “Big Sky, Big Money.” He has appeared often on CNN, CNBC and CBS news. His written work has been featured in The New York Times and The Atlantic.

Produced and distributed by American Public Media (APM) our popular business news podcasts are available worldwide on Apple Podcasts, Spotify, and RSS Feeds and any place else where you get your podcasts.

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