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Marketplace for Wednesday, May 20, 2015
May 20, 2015

Marketplace for Wednesday, May 20, 2015

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Airing on Wednesday, May 20, 2015: Five of the world's largest banks, including Citigroup and J.P. Morgan Chase, have been fined $5.7 billion for manipulating foreign exchange rates. The institutions rigged the benchmark London interbank offered rate, or LIBOR. We look at why LIBOR is important and matters to all of us. Next: One country’s currency manipulation is another’s monetary policy. Adding currency controls to the Trans Pacific Partnership is mired in controversy. We explain why by looking at the arguments for and against the partnership, and why this puts the U.S. in a tricky spot. 

Segments From this episode

Technology meets advertising, with you as the target

May 20, 2015
Thanks to automation, the digital ad business is expected to hit $50 billion.

Northwestern professor is a real 'Survivor'

May 20, 2015
Max Dawson's class on the economics of the reality show wins him an invitation.

How many jobs does $100 million get you?

May 20, 2015
Baltimore's "Empowerment Zones" offer a history of qualified success.
The outside of the shuttered FMC Corp. plant in Baltimore. The plant used to produce insecticides and other agricultural chemicals, but in 2008, the company moved its operations overseas to save costs. About 150 employees were laid off.
Caitlin Esch

The job application for Al-Qaeda

May 20, 2015
The U.S. Government declassified documents found in Osama Bin Laden's compound in Pakistan.

Rate rigging in London affects U.S. consumers

May 20, 2015
Five of the world's largest banks are being fined billions.

My First Job: Video dating service

May 20, 2015
Before dating sites took to the internet, video dating was king.

Currency control sits uneasily in trade deal

May 20, 2015
Adding currency rules to the Trans-Pacific Partnership is mired in controversy.

Airing on Wednesday, May 20, 2015: Five of the world’s largest banks, including Citigroup and J.P. Morgan Chase, have been fined $5.7 billion for manipulating foreign exchange rates. The institutions rigged the benchmark London interbank offered rate, or LIBOR. We look at why LIBOR is important and matters to all of us. Next: One country’s currency manipulation is another’s monetary policy. Adding currency controls to the Trans Pacific Partnership is mired in controversy. We explain why by looking at the arguments for and against the partnership, and why this puts the U.S. in a tricky spot. 

Music from the episode

Astoria STRFKR