Aug 14, 2012

Marketplace for Tuesday, August 14, 2012

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In this economy, it's not uncommon to see homes worth less than what's still left on the mortgage, but now it's happening with cars.  Macy's is unveiling its largest shoe department ever and other departments are following suit. British bank Standard…

Segments From this episode

Math nerds will love today's U.S. population number

Aug 14, 2012
Shortly after 2:29 this afternoon Eastern Daylight Time, the U.S. population clock hit 314,159,265.

Bribing your kids to study: Does it work?

Aug 14, 2012
Listener Geri-Ellen Dow heard our Freakonomics segment on paying kids to do better in school, and tried the experiment out on her own son.

Car buyers borrow more, for longer terms

Aug 14, 2012
Banks are willing to lend to buyers with subprime credit ratings again. Now you can be underwater on your car as well as your house.

Political lessons from Obama's stimulus

Aug 14, 2012
Did the American Recovery and Reinvestment Act do its job and was President Obama successful in selling the stimulus program to the public?

New Orleans musician finds niche in instrument repair

Aug 14, 2012
The Grammy Award-winning trombonist Stafford Agee is moonlighting as an instrument repairman -- working out of his sweltering garage to make sure New Orleans-area high schoolers have working horns.

Romney and Ryan -- co-CEOs?

Aug 14, 2012
The difference between power sharing at the head of the country, instead of at a company.

Shoes are the heart of department stores

Aug 14, 2012
Macy's has opened the biggest shoe section in the world. Like other New York department stores, Macy's sees shoes as the hook for women shoppers.

Do Americans' concerns match up with Paul Ryan's?

Aug 14, 2012
Paul Ryan is the GOP's momentum changer -- or so they hope. But is he in tune with what Americans are concerned about in this election?

British bank settles with New York over Iran funds

Aug 14, 2012
Standard Chartered agrees to pay New York state $340 million to settle charges it laundered Iranian money. The bank still faces a federal probe.
Standard Chartered agrees to pay New York state $340 million to settle charges it laundered Iranian money. The bank still faces a federal probe.
Matthew Lloyd/Getty Images

In this economy, it’s not uncommon to see homes worth less than what’s still left on the mortgage, but now it’s happening with cars.  Macy’s is unveiling its largest shoe department ever and other departments are following suit. British bank Standard Chartered has agreed to pay $340 million to settle allegations that it was conducting secret transactions with Iranian clients. We hear about a man in Louisiana who set out to repair broken instruments and shattered dreams post-Katrina. Kai Ryssdal talks to Gallup’s Frank Newport about how Americans’ views on the economy match up with those of Paul Ryan. And we hear from a listener who bribed her two kids to do some summer homework.

Music from the episode

Let It Rock Kevin Rudolf, Lil Wayne