Marketplace for Wednesday, January 21, 2015
Jan 21, 2015

Marketplace for Wednesday, January 21, 2015

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Airing on Wednesday, January 21, 2015: The idea of middle-class economics was front and center in the president’s State of the Union address. Sure, it serves as a political framework, but how does it work as an economic one? Plus, as part of a settlement with the SEC, ratings agency S&P has been banned from rating certain bond deals for one year, creating an opportunity for competitors. Finally, reporter Stan Alcorn defines Davos Man as, "the suit-wearing, power-wielding Ubermensch that is the incarnation of the global financial elite." We look at the evolution of both the term and the man.

Segments From this episode

Seaweed: ‘Adventurous' and a $6.4 billion industry

Jan 21, 2015
It's not just a sushi roll wrapper anymore. It's everywhere.

Pennsylvania installs prefab bridges

Jan 21, 2015
Prefabricated parts speed up bridge construction and save money.

Explaining 'middle-class economics'

Jan 21, 2015
Turns out that the 'middle class' is a squishy target.

Europe considers quantitative easing

Jan 21, 2015
Move by European Central Bank could boost moribund eurozone economy.

Tootsie Roll CEO, 95, leaves behind a sweet legacy

Jan 21, 2015
Melvin Gordon ran Tootsie Roll Industries, founded in 1896, for more than 50 years.

Fallout from S&P ban could last longer than a year

Jan 21, 2015
SEC gives S&P a suspension, opening a window for its bond-rating competitors.

The true biography of 'Davos Man'

Jan 21, 2015
Both epithet and symbol, "Davos Man" personifies global elite at economic forum.

Airing on Wednesday, January 21, 2015: The idea of middle-class economics was front and center in the president’s State of the Union address. Sure, it serves as a political framework, but how does it work as an economic one? Plus, as part of a settlement with the SEC, ratings agency S&P has been banned from rating certain bond deals for one year, creating an opportunity for competitors. Finally, reporter Stan Alcorn defines Davos Man as, “the suit-wearing, power-wielding Ubermensch that is the incarnation of the global financial elite.” We look at the evolution of both the term and the man.

Music from the episode

Happy Up Here Röyksopp
Still D.R.E. Dr. Dre, Snoop Dogg
Have Me Bombadil
You - Ha Ha Ha Charli XCX
Acceptable in the 80's Calvin Harris
When We Are Both Cats Bombadil