Podcasts by Category

Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media. Twitter: @Marketplace
- 8794 - Why does this keep happening?
Yesterday, a gunman killed 19 children and two adults at an elementary school in Uvalde, Texas. Today, we revisit a story on gun sales we published after the 2012 Sandy Hook shooting in Connecticut. If it feels like nothing has changed since then, that’s because when it comes to buying guns, nothing has. Later in the program, a look at our aging port infrastructure and a visit to rural Oregon, where mobile home parks are struggling to rebuild after wildfires.
Wed, 25 May 2022 - 27min - 8793 - Are consumers cutting back or not? It depends on where you look.
This hasn’t been exactly a landmark season for investing in stocks. We dive into the market’s latest behavior with Susan Schmidt of Aviva Investors, who touches on the tech slide, Target, and how consumers appear to be spending their money. Amazon shareholders are confronting the company’s executives on topics ranging from the pay of the incoming CEO to how lower-level employees get treated. In Los Angeles, we look into what some of the possible solutions are for the homeless population.
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Wed, 25 May 2022 - 07min - 8792 - How an interview system helps detect and protect at-risk older adults
We look into a new tool to help gauge the decision-making ability of older adults regarding a range of risks, from financial exploitation to self-neglect. Dr. Mark Lachs, who co-created the interview for decisional abilities, tells us more. The mass shooting at a Texas elementary school Tuesday claimed the lives of 19 children and two adults. In the aftermath, President Biden called for congressional action to impose new limits on gun sales, adding that Congress should stand up to the gun lobby. We take a look at the financial power of that lobby, as well its political opponents who advocate for gun control.
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Wed, 25 May 2022 - 07min - 8791 - Chelsea Football Club sale to U.S.-led consortium approved
From the BBC World Service: One of England’s top soccer clubs, Chelsea, is now in American hands, after the U.K. government approved its sale to a consortium led by L.A. Dodgers co-owner Todd Boehly. Former heavyweight boxing champions Wladimir and Vitali Klitschko are at the World Economic Forum in Davos, encouraging European governments to maintain funding to Ukraine despite the economic blowback from sanctions imposed on Russia in the wake of the invasion. And Brexit may mean gene-edited crops soon appear on grocery store shelves in England, having been prohibited under European Union legislation.
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Wed, 25 May 2022 - 06min - 8790 - “Good faith” hackers get a break from the government
Last week, the Department of Justice announced it would no longer prosecute hackers doing “good faith” cybersecurity research like testing or investigating a system to help correct a security flaw or vulnerability. It’s a change in how the DOJ enforces the 1986 Computer Fraud and Abuse Act following a ruling last year by the Supreme Court in Van Buren v. United States that limited the scope of the CFAA. Riana Pfefferkorn, a research scholar at the Stanford Internet Observatory, spoke with Marketplace’s Kimberly Adams about how this is part of an ongoing policy shift for the Justice Department over the last few years.
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Wed, 25 May 2022 - 08min - 8789 - A COVID treatment for vulnerable Americans isn’t getting to them
It’s been roughly six months since AstraZeneca released a COVID-19 antibody treatment called Evusheld, designed for immunocompromised people. But a lack of outreach and unequal distribution has led to a complicated and confusing rollout — leaving millions of vulnerable Americans without protection. Plus, what experts look for in the minutes from Federal Reserve meetings and how high energy prices please investors but burden the economy.
Tue, 24 May 2022 - 27min - 8788 - Money isn’t leaving politics any time soon
Remember the Supreme Court case we talked about last week, Federal Election Commission v. Ted Cruz for Senate? Yeah, we’re doing a deep dive on it today.
At the heart of the case is an obscure campaign finance rule that limits the amount of post-election day contributions that can be used to recoup personal loans a candidate makes to their campaign. It was intended to crack down on corruption. But the court sided with Sen. Ted Cruz, a Texas Republican, and said the law is unconstitutional on First Amendment grounds.
On the show today, Weiner talks about what this means for the midterm elections, the future of campaign finance and this court’s approach to the First Amendment.
Then, sales of new homes fell to the lowest level since the start of the pandemic. We’ll explain why this is exactly what we’d expect to be happening in the economy right now.
Plus, if you’ve forgotten some of the faces you’ve met over Zoom during the last two years, you’re not alone. Listeners have a name for that phenomenon. We’ll also get smart about lifetime warranties and bear spray!
Tue, 24 May 2022 - 30min - 8787 - Snap Inc. slides, and other tech stocks join in
Snap Inc. – that’s the company behind Snapchat – is warning that it will miss its latest earnings forecast, which was issued just a month ago. Investors aren’t taking this news in stride – shares of Snap fell more than 30% at one point in pre-market trading. President Biden said he plans to meet with Treasure Secretary Janet Yellen to possibly find a way to reduce the tariffs on Chinese imports left behind by the Trump administration. We examine how Mexico s looking to undo years of reforms that opened the country’s oil and gas sector to foreign investment.
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Tue, 24 May 2022 - 07min - 8786 - Interest rates are leading to an ARMs race
There’s been an increased demand in adjustable-rate mortgages (ARMs) as skyrocketing interest rates have made homes a lot more pricey for possible buyers. While these kinds of home loans can lead to lower monthly payments, they carry some risk. The BBC reports on AirBnb’s exodus from China. For today’s Economic Pulse, we talk to the CEO of the Roosevelt Institute about the prospect of student debt being cancelled.
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Tue, 24 May 2022 - 08min - 8785 - World faces food insecurity “hellstorm,” says WFP
From the BBC World Service: The World Food Programme’s director bluntly lays out what could happen if food production and delivery continues to be hit by the war in Ukraine. AirBnb is leaving China, as tourism continues to be hit hard there by zero COVID policies. And commuters rejoice as the long-anticipated Elizabeth line opens in London.
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Tue, 24 May 2022 - 06min - 8784 - What could happen to IVF in a post-Roe vs. Wade era?
If the Supreme Court overturns Roe vs. Wade, many are wondering what that will mean for in vitro fertilization, or IVF. That is when eggs are fertilized in a lab and then embryos are implanted in a patient, frozen for later use, donated or disposed of. If Roe is overturned, states could decide those embryos have “personhood” status, thus subjecting IVF to new restrictions. Dr. Eve Feinberg, an associate professor of obstetrics and gynecology at Northwestern University, told Marketplace’s Kimberly Adams that giving embryos personhood status conflicts with modern medicine.
Your donation powers the journalism you rely on. Give today to support Marketplace Tech.Tue, 24 May 2022 - 10min - 8783 - Budgets show our priorities
It’s Monday, and we’ve got a lot of news on our minds. We’ll talk about President Joe Biden’s comments about Taiwan and what Christine Lagarde, president of the European Central Bank, has to say about crypto. Then we’re diving into some recent writing about the scale at which the United States funds its military, even as we’ve withdrawn from active conflict in Afghanistan. How that money is spent, and isn’t spent, says a lot. Plus, Texas lawmakers may target business that help employees get abortions. Finally, we’ll consider some pointedly phrased communications for our make me smiles.
Here’s everything we talked about today:
“Lagarde Says Crypto Is ‘Worth Nothing’ and Should Be Regulated” from Bloomberg “Biden: US would intervene with military to defend Taiwan” from the Associated Press Taiwan Relations Act “No Way Out but War” from the Chris Hedges Report “Four Ways to Understand the $54 Billion in U.S. Spending on Ukraine” from The New York Times “CBO Releases an Improved Interactive Tool for Analyzing the Military’s Forces and Resources” from the Congressional Budget Office “Businesses that help employees get abortions could be next target of Texas lawmakers if Roe v. Wade is overturned” from The Texas Tribune Bear spray is not like bug spray from the Oklahoma Department of Wildlife Conservation’s Twitter A judge has this to say about a Jan. 6 defendant’s request to travel from BuzzFeed reporter Zoe Tillman on TwitterYour donation powers the journalism you rely on. Give today to support “Make Me Smart.”
Have a question or comment about something you heard on the show? Email us at makemesmart@marketplace.org or leave us a voice message at 508-827-6278, or 508-U-B-SMART.
Tue, 24 May 2022 - 19min - 8782 - Economists are predicting slower economic growth. That may be a good thing.
Some economic forecasters are downgrading their outlooks for growth for the rest of the year. Slower growth may actually help ease inflationary pressures but could still leave the economy vulnerable to a recession. Today, we’ll discuss. Also, how lifting tariffs on Chinese imports could ease inflation, the rise and fall of negative interest rates in Europe and the next big thing in higher ed: classes for TikTok influencers.
Mon, 23 May 2022 - 27min - 8781 - In Texas, it’s … renewable energy to the rescue?
The Texas power grid and the organization that runs it made the news a couple of years ago when freezing weather led to deaths and people without power for days. The temperatures in the state now have people reaching for air conditioning and boosting the toll on the electric grid. This is leading to calls for energy conservation. Enter renewable energy, which is picking up the slack. Julia Coronado discusses lower equity prices, futures and the Fed in our talk about the markets. The global economic forum known to many as simply Davos has kicked off.
Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.
Mon, 23 May 2022 - 08min - 8780 - Breastfeeding proves to be a complicated countermove to baby formula shortage
The baby formula shortage has led many parents to consider breastfeeding. That comes with a variety of costs and barriers, especially in workplace culture. Zoom exploded during the pandemic and has become a fixture in the American workplace lexicon. But what’s Zoom to do with all that money? President Biden, on the final day of his Asia tour, launched a new economic alliance with 12 Indo-Pacific nations.
Mon, 23 May 2022 - 08min - 8779 - World faces “confluence of calamities” as Davos meeting kicks off
From the BBC World Service: The meeting of the World Economic Forum in the Swiss mountain resort of Davos has kicked off with a warning from the head of the International Monetary Fund, Kristalina Georgieva. Meanwhile just 170 miles away in Northern Italy, people in the steel town of Brescia are feeling the squeeze of the rising cost of living. And Australia has a new prime minister; he had to be sworn in before all the votes were counted because he is already off to Tokyo for the Quad summit with the U.S., Japan, and India.
Mon, 23 May 2022 - 07min - 8778 - How medical technology is changing the conversation about fetal viability
Advances in medical technology have pushed the boundaries of fetal viability, a term for the point at which a fetus can survive outside the womb. When the Supreme Court handed down the Roe v. Wade decision in 1973, doctors could support babies delivered as early as about 28 weeks. Now, it’s 22 weeks. Marketplace’s Kimberly Adams speaks with Dr. Rachel Fleishman, who works in a neonatal intensive care unit at Einstein Medical Center in Philadelphia. She wrote an essay for NBC about viability, and what it’s like caring for very premature infants.
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Mon, 23 May 2022 - 07min - 8777 - What bear markets of the past can tell us about today
It’s Friday, and the S&P 500 is at risk of becoming what economists call a bear market — when stock prices fall for a prolonged time. But how bad is that, actually? We’ve got some context. Plus, the Law School Admissions Test may become optional, and our hosts share their thoughts on the strong dollar and a pizza musical. We end with a round of Half Full/Half Empty.
Here’s everything we talked about today:
“The S&P 500 narrowly averts a bear market. How long do they last once they arrive?” from MarketWatch “No LSAT Required? Law School Admissions Tests Could Be Optional Under New Proposal” from The Wall Street Journal “Archbishop: Pelosi will be denied communion over abortion” from AP News “Tesla’s Removal From S&P Index Sparks Debate About ESG Ratings” from Bloomberg “New York Now Has More Airbnb Listings Than Apartments for Rent” from Curbed “What does a strong dollar mean for the U.S. and world economies?” from Marketplace “In This Economy, Getting Fired Takes Hard Work” from The Wall Street Journal “Dolly Parton Joins the Star-Studded Cast of Taco Bell’s Tik Tok Musical, ‘Mexican Pizza’” from Taste of CountryTell us what you think about today’s show. Email us at makemesmart@marketplace.org or leave us a voice message at 508-827-6278, or 508-U-B-SMART.
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Fri, 20 May 2022 - 20min - 8776 - A tale of two central banks
While the Federal Reserve is raising interest rates to cool down the U.S. economy, China’s central bank is taking the opposite approach to juice its slowing economy. Today, we’ll dig in. Plus, we wrestle with overstaffing at retailers and hear what the infant formula shortage teaches us about market concentration.
Fri, 20 May 2022 - 27min - 8775 - Inflation is now a factor in the exodus of educators
Teachers and other education workers are up against pandemic burnout, understaffed schools and wages that aren’t keeping up with inflation. As a result, a recent study has revealed that job satisfaction among those in the profession is at its lowest levels, forcing already-burdened teachers to leave at record rates. U.S. Treasury Secretary Janet Yellen called on other nations to combat global hunger before the G-7 meeting. Christopher Low joins us to discuss the morning’s market behavior.
Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.
Fri, 20 May 2022 - 07min - 8774 - Biden visits Samsung factory in South Korea to highlight U.S. chip manufacturing
President Biden is in South Korea today, the first of a five-day Asia tour. His first stop? A Samsung computer chip factory. A similar one is to be built in Texas. The president is using his visit to the Samsung plant to push lawmakers here in the U.S. to provide billions of dollars in funding for domestic chip manufacturing. Big retailers are reporting that their loads of surplus inventory are cutting into their profits. We dive into the story of a lawsuit from the descendants of Henrietta Lacks, a Black woman whose cancer cells were taken without her consent and used in the creation of vaccines and other materials that led to billions in profits for pharmaceutical companies. The case explores a variety of ethical questions.
Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.
Fri, 20 May 2022 - 07min - 8773 - Canada to ban Chinese tech firms from its 5G rollout
From the BBC World Service: Canada says it will ban two of China’s biggest telecoms equipment makers, Huawei and ZTE, from working on its 5G phone networks. Also, the BBC visits the Ukrainian port city of Odessa to hear how grain exports are being blocked by Russia, and the Bank of England’s efforts to improve financial literacy, one Beanie Baby at a time.
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Fri, 20 May 2022 - 07min - 8772 - The business behind electrifying classic cars
Thinking of buying an electric vehicle? Well, be prepared to wait in line. Demand for electric cars is so hot, companies like Volkswagen are sold out for the rest of the year. But, some see opportunity in another sector of the market: converting classic cars into electric vehicles. Marketplace’s Andy Uhler reports on companies doing just that.
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Fri, 20 May 2022 - 07min - 8771 - Are slowing home sales a sign of things to come?
This Thursday, we talk about the news that home sales slowed in April, though prices still set records. And, the Joe Biden administration tries to increase the supply of baby formula using the Defense Production Act. It’s a welcome help to parents, but how did we get here? Plus, more stories from Ukraine that show the toll of the war. We’ll see you tomorrow for Economics on Tap, but before then, we share what geopolitical alliances and beer have in common.
Here’s everything we talked about today:
“Biden invokes Defense Production Act to increase supply of U.S. infant formula” from Politico “U.S. Home Sales Cool Amid Higher Rates, Record Prices” from The Wall Street Journal “Captive medic’s bodycam shows firsthand horror of Mariupol” from AP News “Russian soldier asks Ukrainian widow to forgive him during first war crimes trial” from The Guardian “Finland brewery launches NATO beer with ‘taste of security’” from AP NewsYour donation powers the journalism you rely on. Give today to support “Make Me Smart.”
Join us Friday for Economics on Tap. We’ll be livestreaming on YouTube starting at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.
Thu, 19 May 2022 - 20min - 8770 - Seizing the yachts of Russian oligarchs was the easy part
Then comes the upkeep. Authorities have confiscated roughly a dozen vessels with connections to the Kremlin, but to keep just one superyacht moored and maintained can cost tens of millions, and the arresting government has to foot the bill. Plus, retailers are stuck with too much inventory, farmers encounter a delayed planting season and classic cars are being electrified.
Thu, 19 May 2022 - 26min - 8769 - We’re looking for your money jokes, poems and tips!
Hey Million Bazillionaires! We’re coming back soon for an all-new season of “Million Bazillion,” answering the questions you have about money! This season, Bridget’s joined by a new co-host, Ryan, and they need your help! With the permission of your grown-ups, we’d love to hear your money jokes, money poems and best money tips so we can feature them on the podcast!
Send them to us using this online form. We can’t wait to hear from you!
Thu, 19 May 2022 - 01min - 8768 - Finding Michael, part two
Last week, we followed Stephanie Stone’s years long journey to find her late brother Michael’s gravesite. This week, our team picks up the search. Along the way, we learned a lot about what happens to the thousands of people who die indigent and go unclaimed every year in this U.S. Later, Reema travels to Austin with Stone and a Texas bureaucrat who goes above and beyond to help families find closure.
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Thu, 19 May 2022 - 31min - 8767 - How the pros weather this financial turbulence
How much impact will inflation have on profits? Will higher interest rates lead a recession? Investors are getting out of stocks at a rate that’s causing the markets to fall at concerning levels. To navigate through some of this, we consult with Barry Ritholtz, a veteran who has seen it all. Also,companies have been trying to get employees back into the office, at least a few days a week. But rising COVID infection rates are frustrating some of those efforts. We look into the return of tourism, which can be an economic driver for lots of places – but also a source of disruption.
Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.
Thu, 19 May 2022 - 08min - 8766 - Department of Education to guide colleges toward addressing students’ mental health
We attempt to put yesterday’s down market numbers into context, even though the market doesn’t appear any better this morning. The Department of Education is offering guidance on how colleges can utilize government funding to address the mental health of students. Marketplace’s Stephanie Hughes just spoke with U.S. Secretary of Education Miguel Cardona about this, and we have some of the highlights of their discussion. China’s COVID lockdowns in its largest port cities triggered concerns about even more disruptions to the already-burdened global supply chain. But in our discussion with Gene Seroka, the executive director of the Port of Los Angeles, that hasn’t happened. We spoke to Seroka about the various challenges the port has been facing.
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Thu, 19 May 2022 - 07min - 8765 - Australia’s cost-of-living issues hover over upcoming election
From the BBC World Service: As Australians head to the polls this weekend, new data says unemployment is its lowest since the 1970s, but inflation and youth unemployment remain major focuses for voters. Also, Sri Lanka defaults on international debt and the BBC visits a “secret school” defying the Taliban to continue teaching Afghan girls.
Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.
Thu, 19 May 2022 - 06min - 8764 - The government would like to talk to you about UFOs
This week, Congress held a public hearing on a topic that hasn’t been discussed openly in a congressional hearing in decades: unidentified flying objects. Yes, UFOs, or as the Pentagon is calling them, unidentified aerial phenomena, or UAPs. The hearing follows a report from the director of national intelligence released in June that said there were over 140 recorded sightings of UAPs that the military, like the name implies, could not identify. Chris Impey, a professor of astronomy at the University of Arizona, has been following these developments. He explained the significance of the hearing and the report to Marketplace’s Kimberly Adams.
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Thu, 19 May 2022 - 07min - 8763 - When the stock market tanks, where does the money go?
It’s Whaddya Wanna Know Wednesday, and Kai Ryssdal and Kimberly Adams are answering your questions, including one from a listener who wonders what the Fed reducing its balance sheet means for mortgage rates. We also dig into what it takes to harness tidal power, and why it’s not a bigger source of renewable energy.
Here’s everything we talked about on the show today:
“To understand the Fed’s bond-buying dilemma, picture a lake” from Marketplace “Hamsterkauf! Coronazeit! There’s a German Word for Your Pandemic Experience” from SlateDo you have a question for Whaddya Wanna Know Wednesday? Send a voice memo or email to makemesmart@marketplace.org, or leave us a voicemail at 508-U-B-SMART (508-827-6278).
Your donation powers the journalism you rely on. Give today to support “Make Me Smart.”
Thu, 19 May 2022 - 14min - 8762 - Let’s put Wall Street’s bad day in context
A thousand-point drop from the Dow is scary, but it wasn’t entirely unexpected either. Inflation cut into retailers’ earnings, spurring a huge market sell-off. The Federal Reserve wants the economy to cool, and the stock market may be taking the hint. We’ll talk about it all on today’s show. Plus: signs of a normalizing housing market, the legacy of California’s board diversity laws and more from our interview with former Fed Chair Ben Bernanke.
Wed, 18 May 2022 - 27min - 8761 - New leadership is coming to the Philippines. Investors have questions.
Ferdinand Marcos Jr., son of an ousted dictator and whose mother Imelda was known for her legendary collection of footwear, is poised to become the next president of the Philippines. To help us parse what this could mean for the rest of the world and how the Philippines got to this point, we spoke with the BBC’s Howard Johnson. Additionally, we have the latest on breaking news this morning that the U.S. Soccer Federation and its players have a landmark deal to guarantee equal pay for the men’s and women’s teams. Also, the latest on the effects of sanctions on Russia. Plus, we dig into the changing dynamics of the housing market. And, Susan Schmidt joins us for our discussion about market activity.
Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.
Wed, 18 May 2022 - 09min - 8760 - Trying to explain the dissonance between oil and gas prices
The price of crude oil is down about 13% since hitting roughly $130 a barrel in early March, when Russia invaded Ukraine. At the same time, the price of gasoline at the pump keeps rising, reaching new records every day. What’s going on? To help explain, we spoke to Javier Blas, a Bloomberg Opinion columnist covering energy and commodities. Plus, the U.S. subsidiaryof one of the world’s largest financial services and insurance companies has agreed to pay more than $6 billion in fines and restitution for a fraud scheme that led to the collapse of a group of investment funds. And, in Shanghai, COVID numbers are dropping, but restrictions on residents are still tight.
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Wed, 18 May 2022 - 07min - 8759 - U.K. inflation rising at fastest pace in 40 years
From the BBC World Service: U.K. inflation jumped to 9% in the 12 months to April, up from 7% in March, as higher energy bills hit millions of households. Also, could Chevron get the green light to re-start work in Venezuela? And Spain’s government proposes new laws around abortion rights.
Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.
Wed, 18 May 2022 - 06min - 8758 - What should come next in the effort to crack down on online extremism?
The 18-year-old man accused of the racist rampage at a supermarket in Buffalo, New York, Saturday followed a pattern becoming disturbing familiar for such attacks: online radicalization. The suspect allegedly wrote and posted a 180-page document before the mass shooting, citing various racist and anti-Semitic memes and conspiracy theories from websites such as 4chan. Federal officials are paying attention to this growing threat. President Joe Biden’s latest budget allocates $33 million for the FBI to investigate domestic terrorism. Jared Holt, a resident fellow at the Atlantic Council’s Digital Forensic Research Lab, spoke with Marketplace’s Kimberly Adams about how the Justice Department has shifted efforts to address online extremism in the United States. He noted that it still has progress to make.
Your donation powers the journalism you rely on. Give today to support “Marketplace Tech.”
Wed, 18 May 2022 - 09min - 8757 - The trouble with crypto
Cryptocurrency has been having a rough couple of months lately. From bitcointo ethereum and Coinbase, hundreds of billions of dollars have evaporated in crypto markets. But things got really bad last week, after a coin that’s supposed to be stable turned out not to be.
All this is having consequences. People who jumped into crypto during the pandemic, amid the rising visibility of celebrityendorsements and crypto influencers on TikTok, are losing real money.
On the show today, Ramaswamy explains what’s behind the crash and what it means for the future of cryptocurrencies. We’ll also provide a mini-explainer on “stablecoins.”
Later, good news about little kids and COVID vaccines, and will Russia and the West break up their energy relationship?
Plus, “Make Me Smart” fan art, and why you may be wrong about fly-fishing!
Tue, 17 May 2022 - 28min - 8756 - Former Fed Chair Ben Bernanke on the inflationary lessons of the past
What’s the best way for the Federal Reserve to tackle decades-high inflation? For former Fed Chair Ben Bernanke, the answer’s in the past. Today, Bernanke discusses what previous Fed chairs got wrong, why the Fed’s credibility is critical and how the central bank can manage inflation expectations. Plus, understanding the strength of the dollar, the extension of the public health emergency and the state of U.S. coal production.
Tue, 17 May 2022 - 27min - 8755 - FDA takes more steps to mitigate baby formula shortage
Help is on the way for the baby formula shortage, but it’s going to take some time. Plans are underway to reopen a plant in Michigan that, when it was in operation, was the largest formula producer in the United States. However, the process of restarting the plant and producing enough formula to start filling empty spaces on store shelves will take weeks upon weeks. A program that helps people pay for heating now has to pivot to concerns on the other side – air conditioning. We look into some of the dynamics behind condo prices, which remain high.
Tue, 17 May 2022 - 09min - 8754 - How global threats can bring nations together
If the world is going to find solutions to its toughest problems, it’s going to need a new infrastructure that fosters cooperation among nations. That’s the argument made by Ian Bremmer, president of political-risk consultancy Eurasia Group, in his new book “The Power of Crisis.” We look into the driving forces behind consumer spending in the face of inflation and economic uncertainty.
Tue, 17 May 2022 - 07min - 8753 - Sri Lanka has officially run out of fuel
From the BBC World Service: Sri Lanka is now a country with an empty tank, as the worst economic crisis in its independent history continues to spiral. Also, what the White House’s shift in approach to Cuba could mean for the island’s economy, and we hear memories of McDonald’s in Moscow as the golden arches get set to be packed up for good in Russia.
Tue, 17 May 2022 - 08min - 8752 - The not-so-stable stablecoin economy
Last week, we got a stark reminder of the volatility of cryptocurrencies. Bitcoin plummeted to its lowest value in 16 months. This time, the source of the cascade of selling came from an unexpected quarter. The market crashed after investors fled a type of crypto called stablecoins, whose worth is pegged to a traditional currency, like the U.S. dollar. Last week, that kinda fell apart. Marketplace’s Kimberly Adams speaks with Emily Nicolle, a crypto blogger for Bloomberg, about how stablecoins work.
Your donation powers the journalism you rely on. Give today to support “Marketplace Tech.”
Tue, 17 May 2022 - 07min - 8751 - It’s not partisan to call out white supremacy
This Monday, we talk about the racist mass shooting in Buffalo, New York, over the weekend. It’s devastated the town’s predominantly Black community in multiple ways, including its central food supply. As the nation processes the tragedy, it’s critical to call it what is: a white supremacist act. We also discuss the baby formula shortage and the consequences of a Supreme Court ruling on campaign finance laws.
Here’s everything we talked about today:
Baby formula production is still several weeks out from Heather Long on Twitter One key chart on the baby formula shortage from Emily Peck on Twitter Third round of free COVID-19 test kits are available “Nearly half of Republicans agree with ‘great replacement theory’” from The Washington Post “It’s time to call white supremacy by its name” from Andscape “Court sides with Ted Cruz and strikes down campaign-finance restriction along ideological lines” from SCOTUSblog “The Supreme Court Makes Ted Cruz A Half-Million Dollars Richer” from HuffPostYour donation powers the journalism you rely on. Give today to support “Make Me Smart.”
Have a question or comment about something you heard on the show? Email us at makemesmart@marketplace.org or leave us a voice message at 508-827-6278, or 508-U-B-SMART.
Tue, 17 May 2022 - 20min - 8750 - Building affordable housing is hard, but so is changing minds about where to build it
Today, the Joe Biden administration released a plan to tackle the shortage of starter homes. The move incentivizes high-density housing and manufactured or mobile homes. But there’s a hurdle for lower-cost housing developments: the communities that don’t want them there. Also on the program: looking at a new tool for mapping wildfire risks, grappling with higher utility bills and trading in a gig at Home Depot for one in a glassmaking studio.
Mon, 16 May 2022 - 27min - 8749 - The labor shortage from the perspective of nursing
The shortage of nurses in hospitals and other healthcare facilities is affecting care across the country, and providers have tried plugging the gaps. We spoketo Deborah Burger, president of National Nurses United, the largest nursing union in the country, about the issues that contribute to the current nursing environment. Online delivery could provide help to areas that don’t have easier access to groceries with fresh food, but there are still some obstacles to consider. The BBC checks in on China’s economy (the world’s second largest) as there are growing COVID-19 lockdowns and a rising jobless rate.
Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.
Mon, 16 May 2022 - 07min - 8748 - Solar panels’ origin story could dim prospects for industry, U.S. projects
The Department of Commerce is investigating whether solar panels imported from Southeast Asia are really coming from China, and if so, should be subject to tariffs. Trade groups say the investigation casts a shadow on the industry and is also slowing down progress on certain projects. The labor shortage has affected Walmart to the point where the retail giant has launched a program to find store managers, hoping to entice college grads with the chance at eventual six-figure salaries. This year’s Memorial Day sales could provide a glimpse into how both retailers and consumers view inflation.
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Mon, 16 May 2022 - 07min - 8747 - China unemployment rate near pandemic peak
From the BBC World Service: China’s jobless rate rose to the highest level since the early part of the COVID-19 pandemic. It comes as widening lockdowns led to a sharp slowdown in activity for the world’s second largest economy. Also, Switzerland votes to force global streaming giants to pay towards making more Swiss content. And the impact India’s new ban on wheat exports could have on global prices.
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Mon, 16 May 2022 - 06min - 8746 - Thanks for the memories, iPod
Apple says it will stop making its iconic iPod this year, after a more than two-decade run. When it first came out, the iPod was a sleek alternative to bulky CD or cassette players. And the “touch circle” feature below the two-toned screen felt like a revolution. Over the years, the iPod got even smaller: no screen, just a clip and some buttons on the cute, little iPod Shuffle. By the time the last iPod Touch model came out three years ago, the iPod looked more like the other innovation it inspired, the iPhone. It got us thinking about how the device changed mobile tech. Marketplace’s Kimberly Adams speaks with Patrick McCray, who teaches about the history of technology and science at University of California, Santa Barbara. He says it was the iPod’s size that was groundbreaking.
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Mon, 16 May 2022 - 07min - 8745 - Political campaigns are secretly talking to PACs
For today’s Economics on Tap, we talk about a sneaky way campaigns are communicating with super PACS. Coordination between these big-time political action committees and campaigns is illegal, but a new practice called redboxing seems like a loophole. We’ll talk about it. Plus, we discuss the debate about facial recognition technology and follow up on a conversation we had yesterday about the news on sudden infant death syndrome. Before we leave, we’ll play a round of Half Full/Half Empty, featuring a piece of portable music history.
Here’s everything we talked about today:
“Voters Need to Know What ‘Redboxing’ Is and How It Undermines Democracy” from Campaign Legal Center “Enzyme in babies’ blood linked to risk of sudden infant death syndrome” from The Guardian “U.S. cities are backing off banning facial recognition as crime rises” from Reuters “Why Fed might not be too upset when stocks fall” from Marketplace “Facebook reportedly already running out of money for Metaverse” from Futurism “Has collective bargaining come to Congress?” from Marketplace “End of an Era: Apple Discontinues Its Last iPod Model” from Bloomberg “Heinz working on paper ketchup bottle” from AxiosTell us what you think about today’s show. Email us at makemesmart@marketplace.org or leave us a voice message at 508-827-6278, or 508-U-B-SMART.
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Sat, 14 May 2022 - 24min - 8744 - The view of this economy from the White House
We’ve got Cecilia Rouse, the chair of the White House Council of Economic Advisers, on the show today to hash out President Joe Biden’s remarks on the economy this week, the past year or so in government relief and who’s ultimately responsible for driving inflation. Before that, we’ll do some postgame analysis of our exclusive interview with Fed Chair Jerome Powell. We’ll also catch you up on the crypto crash and the baby formula shortage.
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Fri, 13 May 2022 - 27min - 8743 - Elon Musk casts doubt on his acquisition of Twitter – through tweets
Tesla CEO Elon Musk tweeted that his purchase of Twitter is “temporarily on hold” as he works to acquire more information on spam and fake accounts on the platform. The claim has been met with some skepticism. We have the second part of our chat with Marketplace’s Kai Ryssdal about his discussion with Fed chair Jerome Powell. The U.S. and its allies are talking about ways to stabilize oil prices. One idea comes from Italy’s prime minister, who suggested banding together against oil producers. The gambling industry has recovered to the point where its putting up pre-pandemic numbers.
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Fri, 13 May 2022 - 09min - 8742 - Add stablecoin instability to the stack of cryptocurrency troubles
A bank run. Panic selling. These are some of the not-so-enviable descriptions of what’s going on right now in cryptocurrencies. Bitcoin looks set for a record seventh week of losses, and so-called stablecoins have shown weakness. What’s going on? Also, we hear the first part of our discussion with Marketplace’s Kai Ryssdal about his sit-down interview with Fed chair Jerome Powell.
Fri, 13 May 2022 - 08min - 8741 - How many jobs has the war in Ukraine cost?Fri, 13 May 2022 - 07min
- 8740 - Google shows off its newest gadgets, including revamps of older ideas
Google hosted its annual developers conference this week, which it calls Google I/O. And for the first time since the start of the pandemic, attendees had the option to show up in person. The company announced software updates, new devices and, of course, details of improvements to the Android operating system, which runs on most of the world’s mobile phones. The event sets the tone for the other big tech conferences throughout the year. Marketplace’s Kimberly Adams speaks with Ian Sherr, an editor at large for CNET. He attended the conference virtually and said one of Google’s biggest reveals was a new wearable device.
Your donation powers the journalism you rely on. Give today to support “Marketplace Tech.”Fri, 13 May 2022 - 09min - 8739 - We learn (some of) what Jerome Powell is thinking
Today, instead of guessing what Federal Reserve Chair Jerome Powell is thinking, we asked. Our hosts talk about the newsiest and funniest parts of Kai’s interview with the Fed chairman. Plus, a scientific revelation about sudden infant death syndrome may provide some peace for parents. And, speaking of incredible science, we marvel at mind-blowing new pictures of the black hole at the center of the Milky Way.
Here’s everything we talked about today:
“Fed Chair Jerome Powell: ‘Whether we can execute a soft landing or not, it may actually depend on factors that we don’t control.’” from Marketplace “Researchers Pinpoint Reason Infants Die From SIDS” from BioSpace “World first breakthrough could prevent SIDS” from the Sydney Children’s Hospitals Network “Black hole: First picture of Milky Way monster” from BBC News “Astronomers reveal first image of the black hole at the heart of our galaxy” from Event Horizon Telescope “Sagittarius A*: NASA Telescopes Support EventHorizon Telescope in Studying Milky Way’s Black Hole” from NASAYour donation powers the journalism you rely on. Give today to support “Make Me Smart.”
Join us Friday for Economics on Tap. We’ll be livestreaming on YouTube starting at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.
Thu, 12 May 2022 - 12min - 8738 - Exclusive: Jerome Powell on inflation, soft landings and the Federal Reserve
The Senate confirmed Jerome Powell for a second term as chair of the Federal Reserve today. Last week, the Fed announced the biggest interest rate hike in 22 years and its plans for reducing the central bank’s nearly $9 trillion balance sheet, all in an effort to get torrid inflation under control. We sat down with Powell for a long interview about what the Fed can do to engineer a “soft landing” for this economy — and what it can’t.
Thu, 12 May 2022 - 27min - 8737 - Finding Michael, part one
When Stephanie Stone’s older brother Michael died, their family didn’t have the money to pay for his burial. His body went unclaimed, and the county where he was living made arrangements. Years later, Stone doesn’t know where he was laid to rest. In this episode, we follow Stephanie’s quest to find her late brother and dig into what it reveals about the economic and emotional toll of losing a loved one. Next week, we’ll join in the search.
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Thu, 12 May 2022 - 25min - 8736 - Despite new faces, diversity appears elusive to other parts of the Fed system
The Senate confirmed Philip Jefferson this week as just the fourth Black man to serve as a Federal Reserve governor in Washington. He joins Lisa Cook, the first Black woman to serve as a Fed governor. However, a new report shows that the pace of diversity has been slower at the 12 regional Fed banks. We speak with the BBC’s Victoria Craig about London vying for position at the top of the cryptocurrency world.
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Thu, 12 May 2022 - 07min - 8735 - The unionization bug bites Congress
Staffers in the House of Representatives are going be allowed to unionize for the first time, following a vote narrowly passed by Democrats. Long hours and low pay are at the crux of the unionization efforts, and there are hopes that unionization could slow down constant turnover. The House has also passed a bill that sets up new benefits for federal firefighters. We look into how the closing of a Piggly Wiggly store in Nashville illustrates the impact of local store closures in a community.
Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.
Thu, 12 May 2022 - 07min - 8734 - Is now the time for more crypto regulation? The U.K. says yes.
From the BBC World Service: A bout of volatility in crypto assets has sparked renewed conversations about whether and how better regulations can be written for the industry. Plus, Softbank shares plunge after “eye watering” quarterly loss. And, Google adds 24 new languages to its Google Translate app.
Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.
Thu, 12 May 2022 - 06min - 8733 - App privacy protections require more than new policies
With the expected Supreme Court opinion to overturn Roe v. Wade on its way, some consumers are rethinking how much of their health data they want to share with mobile apps. Multiple types of apps and programs, even internet searches, generate data like location tracking — data that could be used to implicate people seeking abortions. Marketplace’s Kimberly Adams speaks with Jessica Lee, a partner with the law firm Loeb & Loeb who helps companies craft their privacy policies.
Your donation powers the journalism you rely on. Give today to support “Marketplace Tech.”
Thu, 12 May 2022 - 06min - 8732 - Where do electric car batteries go when they die?
It’s Wednesday again, and we’re answering your questions about the labor market — like why we don’t aim for 100% employment. We’ll also give some extra context around the idea of a “skills gap” in our economy. And Kai Ryssdal and Kimberly Adams dig into a bunch of questions from one listener related to the logistics of owning an electric vehicle.
Here’s everything we talked about on the show today:
“How the U.S. Health Insurance System Excludes Abortion” from the Center for American Progress The Guttmacher Institute’s tracker on state regulation of insurance coverage for abortion “Funds that help low-income people pay for abortions are seeing a sharp uptick in donations” from Marketplace “There’s a lot of money on both sides of the abortion debate. How much does it matter?” from Marketplace Consumer Reports’ research on electric vehicle maintenance costs “Cars Are Going Electric. What Happens to the Used Batteries?” from Wired University of California, Davis, researchers’ look at transportation costs for recycling old EV batteries “Hamsterkauf! Coronazeit! There’s a German Word for Your Pandemic Experience.” from SlateDo you have a question for Whaddya Wanna Know Wednesday? Send a voice memo or email to makemesmart@marketplace.org, or leave us a voicemail at 508-U-B-SMART (508-827-6278).
Your donation powers the journalism you rely on. Give today to support “Make Me Smart.”
Wed, 11 May 2022 - 16min - 8731 - Airbnb CEO Brian Chesky on the pandemic and work-from-anywhere
At the start of the pandemic, Airbnb lost 80% of its business in about eight weeks. CEO Brian Chesky calls it a near-death experience for his company. On today’s show, we’ll talk with Chesky about where his business is going and why he believes “work from anywhere” is the future. Plus: how consumers are responding to (barely) slowing inflation, what Treasury bond yields have to do with student loans and why the Oakland A’s are playing ball for tiny crowds.
Wed, 11 May 2022 - 27min
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