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Marketplace for Wednesday, June 13, 2012

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New York bureau chief Heidi Moore discusses JPMorgan CEO Jamie Dimon’s testimony in front of the Senate Banking Committee today. In the latest installment of Freakonomics, Stephen Dubner talks about how despite convential wisdom, investing in labor can help a company’s bottom line. Colleges are admitting more students from their waitlists — but is that a good thing? Berkshire Hathaway makes what seems like a counter-intuitive move: investing in the private jet business. And Stephen Beard continues his A Man Walks Into a Bar series in Madrid, Spain.

Segments From this episode

Jamie Dimon's testimony was a wake for Dodd-Frank

by Marketplace Contributor Jun 13, 2012
JPMorgan CEO Jamie Dimon spoke before the Senate Banking Committee today, trying to explain the $2 billion loss his company made in trading. The committee went fairly easy on the banker.

SCOTUS decision on health care law may spark more options

by Marketplace Contributor Jun 13, 2012
Commentator Robert Reich says health insurance lobby could unwittingly revive the "public option."

Low milk prices push small dairy farms out of business

by Marketplace Contributor Jun 13, 2012
As the costs of running a farm rise, farmers are getting paid less for their milk. That's forcing some farmers to get bigger or auction off their cows.

Buffett's big play in private jet market

by Mitchell Hartman Jun 13, 2012
Berkshire Hathaway’s NetJets will buy $9.6 billion in new planes from Cessna and Bombardier.
Pub Crawl

A man walks into a bar... in Spain

by Stephen Beard Jun 13, 2012
Patrons at a tapas bar in Madrid reflect on their country's economic woes and the multi-billion-dollar bailout that Spanish banks recently received.
Final Note

Senate Banking Committee's involvement in JPMorgan

by Kai Ryssdal Jun 13, 2012
Sixteen senators from the Senate Banking Committee have taken campaign contributions from JPMorgan's political action committee. We called them for comment.

The art and science of the college waitlist

by Amy Scott Jun 13, 2012
As "yield" gets tougher to predict, schools keep their options open.
Freakonomics Radio

Providing better customer service is good for business

by Marketplace Contributor Jun 13, 2012
Companies that offer higher wages for employees and more money for training turn out to be more profitable.

Music from the episode

VCR The xx

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