Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW
Marketplace for Friday June 13, 2014
Jun 13, 2014

Marketplace for Friday June 13, 2014

HTML EMBED:
COPY

The extremist group that recently seized control of Mosul in Iraq is reported to have bagged $429 million from banks in the oil-trading city. ISIS also levies “taxes” on people in the areas it controls. We look at how ISIS functions as a financial entity, where it get its money, and what the group spends it on? Plus, Priceline is becoming even more of an all-services booking agent as it acquires Open Table. First innovators like Priceline undermined their competition - travel agents - and now their platforms are expanding to simply take their place. What other company has followed this model? In the case of Open Table, Priceline is getting not just a new business - restaurant reservations - but also Open Table’s customer base and platform. Also, a U.S. crackdown on online poker sites chased Full Tilt out of business. Now Full Tilt and associated poker sites may get back into the U.S. by being bought by a Canadian company.

Segments From this episode

How to pronounce 'GIF'

Jun 13, 2014
Confirmed by the inventor himself.
WhiteHouse.gov

"Ivory Tower" and the crippling cost of college

Jun 13, 2014
A new documentary film examines the cost of higher education in America.

Fido, your big day at the office is here

Jun 13, 2014
Marketplace Datebook for the week of June 16, 2014

Online poker could get a second chance in U.S.

Jun 13, 2014
A deal between a Canadian company and the owner of sites like PokerStars may clear the way for online poker to return to the U.S.

Weekly Wrap: Conflict in Iraq

Jun 13, 2014
Sudeep Reddy and Nela Richardson sit down with Kai to discuss the week's news.

ISIL gets rich in attack on Iraq's cities

Jun 13, 2014
The Iraqi Sunni insurgents have seized hundreds of millions from Mosul's banks.

Priceline negotiates reservations

Jun 13, 2014
OpenTable's acquisition means rival apps could be targets of additional mergers.
Priceline negotiated a deal to aquire the restaurant reservation service OpenTable for $2.6 billion.
Screenshot from OpenTable.com

The extremist group that recently seized control of Mosul in Iraq is reported to have bagged $429 million from banks in the oil-trading city. ISIS also levies “taxes” on people in the areas it controls. We look at how ISIS functions as a financial entity, where it get its money, and what the group spends it on? Plus, Priceline is becoming even more of an all-services booking agent as it acquires Open Table. First innovators like Priceline undermined their competition – travel agents – and now their platforms are expanding to simply take their place. What other company has followed this model? In the case of Open Table, Priceline is getting not just a new business – restaurant reservations – but also Open Table’s customer base and platform. Also, a U.S. crackdown on online poker sites chased Full Tilt out of business. Now Full Tilt and associated poker sites may get back into the U.S. by being bought by a Canadian company.

Music from the episode

Drum Babylon Mux Mool
Gritty Shaker David Holmes
Motion Sickness Hot Chip
Motion Sickness Hot Chip