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Marketplace for Wednesday April 30, 2014
Apr 30, 2014

Marketplace for Wednesday April 30, 2014

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China is rejecting a World Bank report predicting it will pass America as the world’s biggest economy. The reason? The Chinese government believes having the #1 title could put it under pressure to make compromises it may not want to make on its currency, climate change and trade. Plus, the Fed, which has been operating with four governors instead of its usual seven, will be down to just three by the end of May if the increasingly cantankerous Senate doesn’t act on new nominations before then. We explain what it means for the Fed to be working without a full bench. Also, when buying a sports team requires a buyer with so much money it doesn’t matter to him, how do you actually figure out a price that reflects what the franchise is worth as a business as opposed to a status symbol?

Segments From this episode

Bikes + Salad = I've got the month of May

Apr 30, 2014
Marketplace Datebook for Thursday, May 1, 2014

Drought puts California rice in a sticky situation

Apr 30, 2014
California grows almost all medium grain rice in the U.S. And prices are up.

Only one person has gone to jail for the financial crisis

Apr 30, 2014
Why the Department of Justice is toothless when it comes to prosecuting bankers.

Every MIT student just got $100 worth of Bitcoin

Apr 30, 2014
Two stories today  in what may well be a sign of the crypto-currency’s slow rise to relevance: Bloomberg is going to start tracking the Bitcoin-U.S. dollar exchange rate on its data terminals.   And on a more interesting note, every undergraduate at MIT is going to get $100 in bitcoins thanks to the MIT Bitcoin Club. They raised […]

The shrinking board of Fed governors

The Fed will be operating with only three governors by the end of May. We explain.

If Clippers are for sale, what's the franchise worth?

Apr 30, 2014
Clippers are suddenly hot, but what are they worth as a franchise?

New York parents opt out of high stakes tests

Apr 30, 2014
It's the latest protest against testing connected to the Common Core curriculum.

Who wants to be bigger than the U.S.? Not China!

Apr 30, 2014
China is on track to be the world's biggest economy faster that economists thought.

When the best advice comes from the worst sources

Apr 30, 2014
A book about the inconsistencies between advice-givers and their own behaviors.

China is rejecting a World Bank report predicting it will pass America as the world’s biggest economy. The reason? The Chinese government believes having the #1 title could put it under pressure to make compromises it may not want to make on its currency, climate change and trade. Plus, the Fed, which has been operating with four governors instead of its usual seven, will be down to just three by the end of May if the increasingly cantankerous Senate doesn’t act on new nominations before then. We explain what it means for the Fed to be working without a full bench. Also, when buying a sports team requires a buyer with so much money it doesn’t matter to him, how do you actually figure out a price that reflects what the franchise is worth as a business as opposed to a status symbol?

Music from the episode

Drum Babylon Mux Mool
In All Honesty D-Tension
Addis Ababa Zafari