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Marketplace

Marketplace Business News Podcast
Kai Ryssdal
Latest Episode

Marketplace for Thursday, March 20, 2014

Mar 20, 2014

Episodes 3331 - 3340 of 5796

  • Qunatitative easing is on its way out, interest rates are still basically zero.  The only thing the Fed has left is words —  specifically, a thing called “Forward Guidance”. Also: News media are going to extreme lengths to cover the mystery of Flight 370 – or at least, get a slice of the audience pie. Extreme lengths – like doing stories like this one.  Finally: The U.S.’s current account deficit is at its lowest point in 14 years. 

  • The U.S. is inching toward the 6.5 percent unemployment rate the Fed has set as its target, but as it considers continuing its stimulus program, it has to decide whether this 6.5 percent rate is the 6.5 percent rate it wanted.  Also: Sanctions are on the agenda in the Crimean penninsula. But American companies doing business in Russia may be reluctant to see any further deterioration of relations between Washington and Moscow. Finally: Walmart is getting into the very lucrative used games business — a space many other big retailerse have failed to crack. 

  • The Chinese company Alibaba is squaring up to sell its shares to the public here in the U.S. The IPO is expected to be the biggest since Facebook. But what is Alibaba? It’s a lot more (and a lot more profitable) than just a Chinese Amazon.  Plus: Crimeans have voted overwhelmingly for the territory to secede from Ukraine and join Russia. This is a big political victory for Russia’s leaders but some estimate that Russia will need to spend $10 billion each year for the next 5 years to build infrastructure, pay pensions and benefits to the 2 million residents. And finally: If you get the entire NCAA bracket right, you can win $1 billion from Quicken Loans. But the odds are hugely against you: 1 in 9 quintillion. 

  • After two years in the making, the proposed Gainful Employment Rule is out. Career colleges (mainly for-profits), whose students graduate with dim job prospects and too much debt, will find their revenue streams cut off . Also: Ghanain oil, Baton Rouge, and a weekly wrap of this week’s news.

  • Turns out Target knew a lot more about its data leak a lot earlier than anyone thought. So why didn’t it say anything back then? And why did it take so long to get the word out? Finally: The announcement by the FTC that it will investigate Herbalife  throws a spotlight on one investor, Bill Ackman, who has made a huge bet against the company’s stock.

  • President Obama asks the Labor department to toughen up rules on overtime pay, especially for jobs like store managers and supervisors. We look at why wages haven’t really increased in the last 20 years, and what tools employers use to keep wages where they are. Also: Starbucks has now, in effect, put a tip jar in your smartphone by adding a tipping feature to its app. So many people and businesses are now soliciting tips that know when to tip is more confusing than ever. And we continue to learn new things about the business of fracking. The latest: fracking in North Dakota produces 27 tons a day of radioactive dirty socks – cloth devices used to filter fracking liquids coming out of the ground. And North Dakota doesn’t want them.

  • We figure out what comprises the stolen passport business, from point of theft to point of sale, by  looking at the players, the costs and the business of dealing in stolen passport papers. Also: Senate Banking Committee leaders came out with plans to wind down Fannie Mae and Freddie Mac. The bipartisan plan calls for a private reinsurer to step in, and be on the hook for at least 10 percent of any losses on mortgate debt. And since it’s TV pilot season, we look at the practice of the “pilot pre-nup” — agreements between stars and studios. They do one episode, and if it’s not picked up, the developer and the star are paid off.

  • United Fruit has come a long way. The fruit distributor now known as Chiquita Brands is merging with Fyffe’s of Dublin. We look at the banana biz and the fruit biz – both companies are into other fruits, too. Plus: We examine what is wrong with Ukraine’s economy and what it needs to do to repair it and get out from under Russian economic dominance. How much aid does it need. Finally: After a string of deaths, Sigma Alpha Epsilon eliminates all together.  This is a survival move by SAE.  We look at the frat as an economic entity—because Frats are big business, and have all the trappings, from lobbyists.

  • No, it’s not like everybody’s opening up their fallout shelters. But c’mon, there has been a certain Cold War quality to the past week. This time, though, it’s international trade and not tactical nukes that’s the real weapon. So today, a Marketplace special: “How I Learned to Stop Worrying and Love the Global Economy.” We get the perspective on the ground in Ukraine, and give a breakdown of exactly which parts of Ukraine’s economy have the most impact in the world. And in this global economy, we look at what the idea of a global superpower really means.

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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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