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Marketplace

Marketplace Business News Podcast
Kai Ryssdal
Latest Episode

Marketplace for Thursday April 3, 2014

Apr 3, 2014

Episodes 3321 - 3330 of 5796

  • In the case widely regarded as the sequel to the Citizens United campaign finance case, the Supreme Court has struck down the aggregate limit on what an individual can give in donations in a given an election cycle. Also, New York drops out of InBloom, the Gates Foundation’s $100 million effort at collecting student data, leaving it with no known customers. Since launching, seven states have dropped out.  Apparently, parents aren’t as eager as gates assumed  to have their kids data-mined at schools. Plus: We remember – briefly – Charles Keating, because he was one of the best-known faces of the S&L crisis of the late 80’s and early 90’s, in which 1,000 banks collapsed.

  • Housing is lagging: construction spending is down, as are pending home sales. Blame the L’s: labor, lumber, land and loans. Oh, and lousy weather.

  • The U.N. climate group has moved forward, not just warning of climate change — because it’s here. What are the economic barriers to investing in what they call “adaptation? Plus:  Michael Jackson’s estate has done a big turnaround. Before his death it was a mess; now it’s making millions, and there’s even a new Jackson record. And finally: GM boss Mary Barra testifies before Congress later this week about the problems with Chevy Cobalts, linked to deaths. We look at the costs and budgeting behind a recall.

  • About 10 million students have earned bachelor’s degrees since 2008. In 2012, almost half of recent college graduates were considered underemployed, working in jobs that typically do not require a bachelor’s degree. A look at a generation of college graduates who had the bad luck of beginning careers during the Great Recession and its aftermath. Meanwhile, almost half of the customers in Detroit are behind on their water bills. Now the Detroit Water and Sewerage Department is starting to cut them off. But lots of businesses are in the red, too, as is the school system, and the city itself, which is in bankruptcy. Together, those players owe more than $50 million. And, CBS Outdoor is one of the largest advertising companies with  billboards seen practically everywhere. We look at how the company continues to do so well.

  • Say you’re in the food or beverage business and you want to get a lot of attention – or, even, come up with a new product that people might like. Mashing up seemingly unrelated foods and/or flavors is one strategy, like the one now at the center of Taco Bell’s breakfast push. Yes, we mean the waffle taco. And, Brookstone prepares to file for bankruptcy and be bought by Spencer (Gifts). We take a look at what did in the purveyor of massage chairs and eye-shades, and what Spencer looks like going forward. Meanwhile, the deadline for the Affordable Care Act enrollment is approaching and government officials are worried about the Latino population and their low numbers signing up.

  • Mark Zuckerberg has been out shopping again: Facebook paid $2 billion for Oculus, a small virtual reality headset company. Random purchase or strategic move? And with its acquisition of WhatsApp and other companies earlier this year, is Facebook being a venture capitalist, or is there a long-term, coherent plan to future-proof itself with a stake in these areas of technology? Meanwhile, movie ticket sales are down but movie ticket receipts are up, thanks to inflation over the years and the higher prices for 3-D. We look at the business model of movie theaters and how ticket revenue fits in with the revenue from popcorn and candy bars. And, this is how the end arrives: The cessation of the slow drip-drip-drip of saline solution, because there is no saline solution. No jolting-back-to-life injection of nitroglycerin, because there is none. Why common everyday medical supplies can suddenly be hard to find.

  • In a document released Tuesday, the Internal Revenue Service says bitcoin is not legal tender. You can’t use it to pay your taxes. But the IRS says virtual currencies like bitcoin will be taxed like property as opposed to currency. Plus, the Obama administration is planning legislation to overhaul the National Security Agency’s collection and storage of phone records – which could now be kept with the phone companies. But as the burden then shifts to the telecom companies, what extra costs might they incur? And we continue our special collaboration with the New York Times on “Work in America.” Today we look at the gig economy.

  • Russians actions are unacceptable, says President Obama, and if the situation escalates, we need to be prepared to impose a greater cost. But what is that cost, exactly, and if sanctions escalate – what will that eventually cost the US? Plus: The importance of reported talks between Apple and Comcast lies in what a partnership would deliver: a streaming service with cable TV’s high picture quality and streaming’s large selection and ease of use via apps. And: The Exxon Valdez was the perfect dramatic disaster to call attention to environmental risks, yet 25 years later it stands out principally as … the perfect dramatic illustration of continuing environmental risks.

  • Exxon will issue a report estimating the cost of climate change to its business, including a calculation of the carbon emissions its oil and gas operations give off. It’s the first big energy company to respond to shareholders’ concerns about environmental issues. Next: Caterpillar is the latest company to come under the scrutiny of the Levin committee looking at tax avoidance by multinationals. We look at some of the contortions companies make to avoid paying tax. Finally: UC Irvine announced yesterday that President Obama will deliver its commencement address in June, in front of 8,000 diverse graduates. We explore the economic value of a speech from the President.

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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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