Oct 3, 2013

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The impact of the government shutdown pales compared to a possible government default, and Chicken Little, a.k.a. the U.S. Treasury, launched a salvo by outlining the potential economic harm of political posturing in the debt-ceiling debate. Plus, w<span style="font-size: 14px;…

Segments From this episode

TARP, five years later

Oct 3, 2013
Five years ago today, the Troubled Asset Relief Program became law.

When it all falls down: A debt ceiling disaster scenario

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Oct 3, 2013
The impact of the shutdown pales compared to a fight over the debt ceiling, and a possible government default.

Target puts a bullseye on Walmart's phone-card business

Oct 3, 2013
Target takes on its giant rival, and launches its own pre-paid phone service.

World Bank wants to end poverty by 2030. Possible?

Oct 3, 2013
World Bank President Jim Yong Kim talks about the importance of poverty, and how war zones factor into his goal to eradicate poverty.

Travel plans canceled because of shutdown? How about a refund?

Oct 3, 2013
National parks are closed, so vacations are ruined. Vacations are ruined, so vacationers are asking for refunds -- and sometimes they're actually getting them.

Inside the world of China's "shadow banks"

Oct 3, 2013
Most small businesses in China can’t get a simple loan from a bank. The practice of 'shadow lending' has grown so fast, it's now estimated to be worth 70 percent of China's GDP.

Jimmy Choo shoes: Higher than high-end

Oct 3, 2013
Jimmy Choo co-founder Tamara Mellon on the brand's beginnings.

The impact of the government shutdown pales compared to a possible government default, and Chicken Little, a.k.a. the U.S. Treasury, launched a salvo by outlining the potential economic harm of political posturing in the debt-ceiling debate. Plus, with national parks closed during the shutdown, a lot of tourists have been left hanging.  A look at what businesses are willing to refund, or postpone – from airlines to whitewater rafting tours. And host Kai Ryssdal speaks with the World Bank president about the global economy and worries that many have about the shutdown risking the elusive “green shoots.”

Music from the episode

Africastle Battles
Honey Child Johnny Williams
No Sleep Sam Roberts Band