Marketplace
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5-21-13 Marketplace
After yesterday's tornado in Moore, Okla. -- where residents got about 15 minutes of warning -- we ask if tornado prediction has gotten better, and how it can continue to improve. What would it have taken to get more than 15 minutes? In tech-ish news, Apple's tax issue comes to the Hill with Tim Cook. But Apple isn't the only company that has funds beyond the reach of the IRS. Also, before you order dinner, news is out that Grubhub and Seamless, two online delivery services, are merging....
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5-20-13- Marketplace
You've probably heard it already: Yahoo is buying Tumblr. The real question is: Can you buy cool? We ask if the acquisition will help make Yahoo any hipper. Plus, after that, will it make money? Also, Cirque du Soleil’s second Michael Jackson tribute opens soon. We look at how well, economically, MJ is doing in the afterlife.
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05-17-13 Marketplace
It's a big weekend in mental health — the diagnotic bible, the DSM5 is set to be released. Scientific controversy aside, what is the book really worth? On Wall Street,banks are taking on Bloomberg in the wake of news that the news service’s reporters snooped on clients through Bloomberg trading terminals. We look at the business implicatins for the company. Also, before you hit the road this weekend, car makers are setting up a new campaign to get you to stop texting and driving. How good...
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5-16-13 Marketplace
We've got former Defense Secretary Donald Rumsfeld on the show to talk about the release of his new book, “Rumsfeld’s Rules: Leadership Lessons in Business, Politics, War, and Life," but in other news, the IRS scandal has heated up. How did it get itself into such a mess? Plus, Bitcoin again. The U.S. has made its first move to crackdown, by using anti-money laundering laws to freeze a bank account of the biggest Bitcoin exchange. What impact will that have and what’s yet to come?
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5-15-13 Marketplace
The good news was the deficit is shrinking, but some think it's bad news and the deficit is shrinking “too” fast. How can that be? On television, the sitcom "The Office" ends this week. What happens at the end of a show's life and how can it live on? Overseas, France just entered a double dip recession which goes to show Europe is still struggling to find the fix for its economic woes.
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5-14-13 Marketplace
Today we continue our series on the cycle of debt created by installment loans. In the news, Angelina Jolie's move to get a preventative double mastectomy will probably spur others to do the same. The problem? Only one company offers the genetic test and it costs $4,000 Plus, America will soon be energy independent – but what change, if any, does that signal for actual consumers? Or does this just mean more profit for energy exporters?
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5-13-13 Marketplace
Today begins our series "Beyond payday loans," a investigation in collaboration with Propublica that focuses on installment loans, a kind of loan that can trap borrowers in a cycle of debt for years. In Washington, D.C.,501(c)4 nonprofit groups are increasingly partisan lobbying machines on both the left and right. Who can get this tax-exempt status and what are the boundaries for political activism? Also, we track the life of a soybean -- sort of. A Supreme Court ruling protect Monsanto,...
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5-10-13 Marketplace
In wake of the Great ATM Heist, we look at why a swipe card’s magnetic strip is vulnerable, and why U.S. banks haven’t moved to a more secure system. In other technology, media companies and wireless operators are working together to make sure you won't max out your data plan while watching you favorite sport or show. Is it a win-win? Plus, it's Friday, so get ready for the Weekly Wrap!
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5-09-13 Marketplace
"The Great Gatsby" is getting released soon and everyone is buzzing with excitement for the adaptation of the life of the rich. But, in reality, the life of the rich and poor is rarely anything like it is in the movies. In jobs numbers news today, jobless claims are falling and we wonder is that is a good thing or if it means employers have hit peak layoff. In world news, another factory fire in Bangladesh brings to light the fair trade movement. Does it hurt businesses and are consumers...
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5-08-13 Marketplace
JP Morgan Chase CEO Jamie Dimon is shopping for votes lately in a bid to keep his other title: chairman of the board. How's his campaign going? In losses -- and not the stock market kind -- Manchester United is losing its longtime leader. We look at how a global brand manages that transition. Plus, historical homes are getting attacked by the paparazzi of the public, thanks to social photo sharing sites like Instagram.
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5-07-13 Marketplace
Now that tax season is well over, we find out there's a proposal to raise taxes on airline tickets. How much do we already pay on taxes for goods and services? Health care costs are also on the rise, but at a slower rate than the past four years. We look at whether the recession is solely to blame or of there is more afoot. In money possibly not well spent, it turns out money slated for restoration on the Gulf by BP is not really being spent on things related to the oil spill at all.
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5-06-13 Marketplace
Just in case those emails weren't enticing enough, Pfizer has decided to buck a business trend and sell Viagra direct online to combat conterfeits. Will it work? In another "will it work" question, YouTube is rumored to be putting up paywalls for content. We check in on whether your favorite cat videos will be behind it. On your original (TV) screen, USA networks paid a hefty price for reruns of "Modern Family," a laugh track-less show. Does the canned laughter make a difference?
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5-03-13 Marketplace
What do you do if you're a lobbyist and want to create a message for an audience of one? Get creative, apparently. We look at the unexpected ways interest groups have gotten the eye of the White House. In housing news, big investors have been snapping up foreclosed homes and turning them into rentals. But, now some of those investors are hoping to capitalize on their bottom feeding – and share the spoils with the general public – by going public.
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5-02-13 Marketplace
Tomorrow we’ll learn how many Americans were unemployed in April. Today, we explain what the rate at which Americans quit their jobs says about the labor market. On the web, GM and Mountain Dew have pulled ads perceived to be offensive. Were the ads the result of pressure to make a big, edgy splash; or weak vetting for digital ads; or possibly a more deliberate strategy?
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5-01-13 Marketplace
We love zombies as much as the next show, but zombie inflation? In February, we declared inflation dead after years of easy monetary policy and negligible consumer price increases. Today, as the Federal Reserve concludes another meeting likely to keep inflation six feet under, we ask is it time to bring inflation back from the dead? Plus, more haunting news, Freakonomics Radio stops by to tell us how your advanced degree may be hurting your chances at a job. Over in China, a different...
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4-30-13 Marketplace
Siri is now up against some stiff competition. Google’s personal assistant, Google Now, has gone live on the iPhone, and we got the participants in this showdown to talk a little trash. In the world of states and money, state tax receipts are set to exceed the pre-recession peaks. So what are states spending that money on? Also, catch the next installment of our series on "raiteros" and the underground labor market in Chicago.
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4-29-13 Marketplace
Our investigation into "raiteros" in Chicago with Propublica airs, looking into the bussing of temp workers around the city. Plus, where, oh where has the helium gone? It turns out the reserve’s low prices are a culprit in the looming shortage. Prices for the stored helium undercut the production of new helium and we take a look. We also look skyward to the new WTC1 in New York City. Are the four towers going to be economically viable?
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4-26-13 Marketplace
Apple's iTunes turns 10 this weekend. We're saying happy birthday with a look back at the digital music monster. Plus, kids these days: We're paying about $1,100 for prom on average, and poorer families are paying more. Should we really look down on folks who spend more on big life events? On a bigger picture, there was a 2.5 percent increase in GDP, but no one seems happy about it. We look at why that number isn't actually all that bad.
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4-25-13 Marketplace
Every workplace tragedy in the developing world elicits promises from U.S. companies to improve oversight of labor conditions. But there's also a business in creating plausible deniability by having layers of subcontractors. Also, has easy money contributed to America’s gun culture? We look at the world of financing a firearm purchase. In the world of healthcare, California has more uninsured people than other states have residents. In October, the state has to have its health insurance...
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4-24-13 Marketplace
Students at the Culinary Institute of America staged a protest yesterday because they feel their expensive degrees are being devalued by slipping standards and rising enrollment. Is it all the fault of shows like "Iron Chef?" Not to be cooked, Apple is borrowing money, while rewarding shareholders with higher dividends. We explain why this actually makes sense. Also, back to the sequester, we talk to an air traffic controller about what life is life lately.
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4-23-13 Marketplace
Boston Strong started out as a call to support those in Boston, but now some are trying to trademark the phrase. Can you actually do that? And today's show heads tothe kitchen. We're talking to author Michael Pollan and a guy who set out to review hundreds of grills.
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4-22-13 Marketplace
Digital billboards were part of the city-wide effort to nab the Boston Marathon suspects, but many cities are trying to turn the lights off. Could this use save the future of digital billboards? As part of our BURN: An Energy Journal partnership, we look at the military’s Rapid Equipping Force, a think tank that uses technology to solve these problems as soon as possible. Also, how funny can six seconds get? A look at Twitter's upcoming comedy festival with Comedy Central.
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4-19-13 Marketplace
With the manhunt going on, the city of Boston was placed on lockdown. It happened quickly and with purpose, but how? We take a look at the mechanics of stopping a city. But, not everyone has stopped. Jonathan Bush and athenahealth kept working, just remotely. In the world of business, Seaworld had a big IPO today, but the real story is on how theme parks are doing so well in a fragile economy.
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4-18-13 Marketplace
Many U.S. communities had been fighting to get fertilizer plants nearby. It brings plenty of jobs to town. With the accident in Texas, are they rethinking their hopes? Bill cramming, those strange charges on your phone bill, is back and mobile. The FTC has started taking a crack at these services.
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4-17-13 Marketplace
Fresh Easy may be leaving town, but other British retailers are still trying to make it work in the U.S., like Fairway. Thieves are apparently not getting the toner at the market, but on the black market. We take a look at the latest product that's being stolen. Plus, Freakonomics stops by for a chat about smoking and the workplace. Can workplaces really discriminate against smokers?
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4-16-13 Marketplace
It's the day after in Boston and Mark Garrison talks to business owners and workers. A flood of footage from cell phones and other devices are flooding in to law enforcement; we talk to a lab that helps filter through the noise. Across the ocean, the London marathon is scheduled for next week and organizers there say they are on high alert. Plus, housing starts are in. What are the trends in housing?
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4-15-13 Marketplace
Satellite TV pioneer Charlie Ergen is making a bold play for wireless telecom companySprint Nextel. Why the $25.5 billion move? It's about growth and that future of TV.Raj Chettywon the John Bates Clark Medal for economists under 40. We walk through one of the studies that got him the award. Plus, in case you thought we forgot, it's Tax Day. An excited accountant tells us why it's the best job ever.
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4-12-13 Marketplace
Shareholders are mad that Amazon is putting its customers first, and CEO Jeff Bezos is running the company like a charity, citing marginal profits. In jobs news, drug company Eli Lilly is cutting jobs again. What does that have to do with tougher limits on sales practices? Other things we're wondering today: Are North Korea's threats real? The U.S. is alarms, but North Korea's neighbors aren't.
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4-11-13 Marketplace
McDonald’s says wants to be faster and friendlier after a report called them otherwise. We ask a few customers how fast they want their fast food. Also in food, gluten-free diets are all the rage and it's becoming a booming industry. Then, from the Wealth and Poverty desk, we wonder if social security benefits should be targeted toward the poor. Should the well-off benefit?
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4-10-13 Marketplace
As much contention as there is in Washington, President Obama’s proposed budget actually has some policies in common with proposals from the Senate and the House. Meanwhile, commentator Robert Reich says that, when it comes to reforming Social Security, the president must change his approach. Facebook ads will soon get even more personal. And we hear about the most powerful currency in the world right now -- the bitcoin.
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4-09-13 Marketplace
After the JC Penney CEO switchout, we trace the pricing life cycle of an average piece of clothing, from factory to closet. Speaking of failure, the word is viewed differently on each coast: the west coast thinks failure fosters innovation, the east coast sees failure as...failure. How will Fisker's looming bankruptcy be perceived? Plus, Arizona is the second state to start using gold and silver as currency again. Do you have 25 cents in silver for a pack of gum?
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4-08-13 Marketplace
There’s no question the recently departed Margaret Thatcher remade the U.K. economy during her tenure, but how much of the Thatcher Revolution remains today? Plus, despite what you may think of Thatcher, hating her made plenty of folks rich. A look at the healthy business of hating Thatcher. Turning to the skies, airlines scored their second-best performance rankings in 23 years last year. How did that happen with all the mergers?
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4-05-13 Marketplace
Monthly job numbers were released, and there are fewer workers in the workplace again, many of them leaving the job hunt discouraged. We talk to a discouraged worker about that choice. Plus, Bank of America is creating a new relationship between you and their ATMs -- they'll let you live chat with “tellers” who can assist you. All $1 bills for your $100 deposit? They can make it happen. At the top of the corporate food chain, corporate heads have been rolling this week, as boards punish poor...
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4-04-13 Marketplace
Michigan's right-to-work law recently took effect. It's the latest blow to U.S. organized labor. But there is one industry where union membership is actually growing. We take a behind-the-scenes look. Plus, the politics of the Keystone XL pipeline are heating up again. A recent spill in Arkansas has environmental activists saying, we told you so. Meanwhile, opponents in the President's own party are donating big money to oppose the pipeline. And what's the difference between abone-in pork...
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4-3-13 Marketplace
President Obama is worried that the nascent housing recovery is leaving too many people, including young people, behind. His administration is moving to increase lending to homebuyers will risky credit. But the question is, should those homebuyers be part of the housing recovery. Also, rumors of a Facebook phone have early adopters interested. Facebook had struggled with mobile in the past. And finally, tax season is upon us, so we talk with Stephen Dubner about the Freakonomics of taxes.
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4-2-13 Marketplace
After losing $166 billion in four years, Fannie Mae just reported a $17 billion profit for 2012 -- a record. Some supporters are saying it's a real improvement for the behemoth mortage lender; critics say it is just a sign of how widely-exposed the agency is to housing market swings. Plus, as Washington continues to review differing budgets and budget priorities, one key overriding concern is how much to spend on the social safety net. Most of us would say we know what the phrase 'safety...
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4-1-13 Marketplace
The sequester officially "kicked in" one month ago, today. At the time, dire media warnings made it sound like we were going to hit an economic brick wall, but that hasn't happened. Why haven't the doomsday predictions come true? Also, April 1 is the deadline for most colleges and universities to let applicants know whether they've been accepted for admission. The tuition check is coming due. On top of that, there'a whole host of other costs that applicants have to pay nowadays.
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3-29-13 Marketplace
What do a $155 million Picasso purchase, a $60 million Hamptons home purchase, a $600 million fine and a trader in handcuffs have in common? The answer: a momentous week for high-profile hedge-fund titan Stephen A. Cohen. Plus, oil companies say new EPA rules on sulfur levels in gas will increase prices several cents a gallon, but higher refining costs could play out many ways: People could drive less or they could buy cars with higher mileage.
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3-28-13 Marketplace
As Cyprus puts limits on how much money people can spend or withdraw from banks, we look at how such restrictions would affect American businesses and individuals if imposed here. Also, Wal-Mart is reportedly considering using customers at its brick-and-mortar stores to deliver orders to online customers in an effort to compete with Amazon. And finally, how the company that makes those Peeps easter candies has built on the peepularity of marshmallow bunnies to renew and expand an old candy...
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3-27-13 Marketplace
Today’s Supreme Court case on gay marriage focuses on the inheritance tax, which impacts only a fraction of Americans. But there are hundreds, if not thousands, of financial benefits for married couples, so we look at some that are below the radar and available to many Americans. Also, the Cyprus financial system remains frozen with banks planning to open, in limited fashion, tomorrow. One of the things that regulators are worried about is money launderers removing their capital from Cypriot...
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3-26-13 Marketplace
Struggling to compete against its bigger rivals like ATT and Verizon, T-Mobile has made an announcement that it is canceling new phone contracts that lock you in for wireless services. The practice is common among small companies, like MetroPCS, but T-Mobile would be the carrier with the largest footprint to make the switch. Also, our Wealth Poverty Desk begins a new series about the "safety net" that we rely on to take risks and sometimes make ends meet. And finally, how hard is it to make...
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What is a Safety Net?
In the first installment of a new series on the future of government safety net programs, the program heads to a trapeze school to explore the definition of a safety net.
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3-25-13 Marketplace
Banks are back at it -- giving out home loans with no down payments. But this time, it’s wealthy buyers taking out those high-interest loans. A shortage of doctors means increased opportunities for nurses and others in health care. Apple’s latest acquisition could change things for consumers and marketers alike in the world of indoor mapping. Soccer star David Beckham visited China last week to root out corruption from Chinese soccer, but he's already made a slip-up. We look at the economic...
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3-22-13 Marketplace
The European Central Bankhas given Cyprus until Mondaytocome up with a plan to raise billions of dollars and avoid bankruptcy. Wetake a look at the long weekend ahead for the small island nation. And in the meantime, we examine a tax fraud case in the UK that calls to mind the award-winning movie Argo.Argo is the story of a fake Hollywood movieset up in order to rescue American hostages in Iran.But in the British case, the fake movie had a less noble aim -- collecting $4.2 million in free...
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3-21-13 Marketplace
The European Central Bank has given Cyprus four days to agree on a new plan to raise billions of dollars and avoid bankruptcy. As desperation sets in, we examine some of the plan B's, C's and D's that Cyprus has been considering.In the meantime, withMarch Madness underway, Stephen Dubner ofFreakonics Radio looks at the NCAA tournament andthe big bucks it brings in for TV broadcasters. Plus, we discuss the case of Russian accountant Sergei Magnitsky, who goes on trial Friday in Moscow for tax...
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3-20-13 Marketplace
The British Finance Minister unveiled his government's public spending plans today. Nobel-prizewinning economist Paul Krugmanis a keen student of Britain's economy and a stern critic of the way it's been managed. In light of the today's economic news from across the pond, we examine Krugman's case.Plus, the fashion market for fake fur has grown so fast that some suppliers are meeting the demand with real fur. Retailers as large as Nieman Marcus have been caught up in the faux faux fur...
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Economic March Madness
March Madness has everyone betting big on their favorite teams. But how do states rank when it comes to economic madness?
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3-19-13 Marketplace
Keeping a close eye on the latest developments in Cyprus, where residents are revolting against a planned savings account tax. Plus, we look at why more homeowners are going from underwater to above water on their mortgages and what it means for the economy. That, and all the numbers from Wall Street and beyond.
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Whither Skid Row - Marketplace
As downtown Los Angeles becomes more lucrative for real estate developers, what's to be done about the city's controversial homeless community known as Skid Row? As the show reports, that question has been the subject of fevered debate.
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3-18-13 Marketplace
A look at why a bank run on a small European island is having so disproportionate of an effect on global markets, and on saver sentiment in other European countries. Plus, President Obama nominates Thomas E. Perez to head the Labor Department -- but what exactly does the Secretary of Labor do? And, Republican advisers have released plans to grow their party. Some high-profile conservatives say the party needs a message makeover to be competitive. How do corporate marketers view the challenge?
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EBooks Test Their Strength
Some eBook writers have found success with traditional publishing houses that once ignored independent authors. Host Kai Ryssdal talks to print and digital author Hugh Howey on the changing business of book publishing.
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3-15-13 Marketplace
President Obama today is unveiling a new energy policy. The White House was loudly criticized during the president's first term for its management of federal money to help jumpstart alternative energy, including the money that helped back Solyndra, the failed solar company. Now, the surge in oil and natural gas production in the U.S. offers real economic opportunities. One of those opportunities is money the government can collect when it leases land to energy companies. So how much are...
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Weathering the 'American Winter'
In the wake of the Great Recession, once middle-class American families now struggle to make ends meet. Host Kai Ryssdal talks to filmmakers Joe and Harry Gantz about their new HBO documentary "American Winter," which explores how families have suffered in the weakened economy.
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3-14-13 Marketplace
After the shooting at Sandy Hook Elementary School, in Newtown, Conn., the head of the National Rifle Association, called on Congress "to put armed police officers in every school." But many schools already have "good guys with guns." They're called School Resources Officers. Also, in the immigration debate we often focus on low-skilled workers, but there is a whole other group of scientists and other highly skilled professionals that we want to hire too. A couple of Silicon Valley...
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School Districts Weigh Armed Security
The NRA wants more armed security in schools -- but school districts are unsure of how they will pay for this investment and how effective it would really be.
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3-13-13 Marketplace
President Obama today is meeting, in the Situation Room, with a group of CEOs.The issue: cybersecurity. And now the public and private sector might work together to protect key infrastructure - analog and digital - from attack. But how much will it cost for the U.S. to prep for a cyber war. And would we go to war for GE or GM? Also on the show, what do you do when the wage you make doesn't even cover your rent?
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How Super is Samsung's Super Phone?
You've heard of smartphones. On Thursday, Samsung will unveil the Galaxy S IV super phone. Is it really all that super?
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3-12-13 Marketplace
Republican Rep. Paul Ryan wants to balance the federal budget within 10 years, largely through scrapping Obamacare and remaking Medicaid and Medicare. Like all budgets, the plan is based on assumptions, namely that a balanced budget in such a short time is a good thing and that economic growth will outpace the growth in government spending -- pegged at 3.4 percent. How can you reality check those numbers? Also, how LinkedIn, once the unglamorous social networking sibling, has taken the buzz...
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2-11-13 Marketplace
The U.S. Army is freezing all new applications for its tuition assistance program because of the sequester. As David Gura reports, the elimination of the much relied-upon program is among the first tangible repercussions of the automatic budget cuts. And as the budget battle to cut entitlements heats up, some argue that raising the retirement age will force the poor to subsidize the rich because the rich live longer. Finally, now that the betting site Intrade has been suspended, academics...
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After Fukushima, Food Worries Persist
Two years after the Japanese tsunami and nuclear disaster, no one is quite sure how safe it is to eat food that could have been exposed to radiation. As a result, some people are paying to have their food tested, or they're avoiding staples like fish altogether.
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3-8-13 Marketplace
February’s job numbers show there’s more jobs to be had -- Jeff Tyler checks in with a long-time unemployed worker who just found a new job. The GED test will look radically different next year. We explore the origins of a viral YouTube video about income inequality that highlights the off-the-charts wealth held by the country’s top one percent. Wrigley is set to release a new caffeinated gum that’s half as potent as a cup of joe. And for some, life’s getting a bit scarier for those in the...
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The Employment Data Disconnect
Labor department data show that the average time a person is unemployed is currently shrinking -- but the jobs numbers coming out Friday are expected to show little change in the unemployment rate. So why don't the numbers add up?
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3-7-13 Marketplace
Facebook is rolling out another redesign, with hopes of upping its advertising revenue. The number of people suffering from diabetes has skyrocketed over the past few years. In the age of cell phones, Skype and Google phones, traditional telephone area codes may be going extinct. Scott Tong takes a look at a court case in rural western Pennsylvania that may fundamentally alter how fracking is regulated. And Kai Ryssdal flies a drone and talks to 3D Robotics CEO Chris Anderson about how the...
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Chris Anderson on Household Drones
Host Kai Ryssdal flies a drone and talks to Chris Anderson, CEO of 3D Robotics, about the business of turning aircrafts that fly themselves into a household item.
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3-6-13 Marketplace
Managers might send out dozens of “great job” emails each day -- but does it help motivate employees? Freakonomics finds out. Adriene Hill takes a look at why the Dow Jones Industrial Average still commands so much attention. The FAA has released a list of 173 airports that could have their control towers closed next month because of budget cuts.Freight railroad operator BNSF announced it's switching from diesel fuel to natural gas. Families are hiring financial advisers to help them squeeze...
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The Limits of Positive Feedback
Positive feedback is only really helpful when you're trying to increase someone's commitment -- but not if they're already committed. On the next installment of Freakonomics Radio, the show looks at the impact of feedback.
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3-5-13 Marketplace
The Venezuelan government announces the death of President Hugo Chavez. Meanwhile, the Dow Jones Industrial Average hit a new record high, but does that mean the overall economy is better?Americans lost an average of 40 percent of their wealth from 2007 to 2010. Fox is launching a new 24-hour cable sports network that will directly compete with ESPN. And the Chinese government is moving ahead with legislation to combat land seizures from the nation's 650 million farmers.
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The Roots of a Trend
What makes things like Greek yogurt and "Gangnam Style" catch on? Host Kai Ryssdal talks to author and professor Jonah Berger about creating trends.
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3-04-13 Marketplace
President Obama announces his nomination for the next White House budget director, Wal-Mart'sSylvia Mathews Burwell. A new analysis by the Tax Policy Center says that the tax bills of the one percent are the highest they've been since 1979. In a new book, author Steve Boggan examines the life of a bank note by following a $10 bill around the U.S. for 30 days. Amy Scott teams up with the Chronicle of Higher Education to find out just what employers want from today's college graduates.And as...
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3-1-13 Marketplace
President Obama said Friday that budget cuts beginning to go into effect this month would not be apocalyptic -- but how could things look a year from now? Krissy Clark and David Weinberg do some time-traveling. An unemployed steel worker talks about the challenges he’ll face if his unemployment benefits decrease in the coming weeks because of budget cuts. We hear about those who spend their tax refunds before even receiving the money. The Centers for Disease Control has an app aimed at...
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2-28-13 Marketplace
Recent veterans not only have higher unemployment than the rest of the population, they also have higher unemployment rates relative to other veterans. If sequestration happens, America's meat inspectors may be furloughed. Gun-maker Sturm, Ruger and Co.'s sales were up 50 percent last year. The CEO of The Veggie Grill talks about the business of making vegetarian fast food that tastes good. Jack Lew was sworn in today as the new Treasury Secretary, and with massive federal spending cuts...
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2-27-13 Marketplace
The College Board announced today that it's redesigning the SAT again to better meet the needs of today's students. Several Budweiser drinkers have filed a class action suit because they feel the company's watered down its product so much that the labels are misleading.Apple agreed to settle a lawsuit today brought by angry parents whose kids racked up big bills on iTunes. Mark Garrison examines what taxpayers awaiting their refund from the IRS will face this year, after the fiscal cliff...
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The Business of Sugar, Salt and Fat
The program looks at how sugar, salt and fat have become the food industry's trifecta when it comes to making money.
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2-26-13 Marketplace
Yesterday Yahoo's CEO announced that employees who work from home for the company must start coming to the office instead -- will other companies follow suit? Home prices are up more than six percent in most places, pushing some to worry about another housing bubble. Peter G. Peterson, who helped pave (and pay) the way for our national obsession with debt, talks about the state of our country. We hear about the big business of bullets in the U.S. In Britain, many people are alarmed by the...
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A Better Way to Manage the Budget
Marketplace host Kai Ryssdal talks to former finance executive Pete Peterson about his desire to see America take a more sustainable approach to budget management. And about how he's using his personal wealth to ensure deficits and debt remain part of the national conversation.
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2-25-13 Marketplace
The founder of Barnes Noble wants to buy back the company’s 700 remaining bookstores. With federal budget cuts expected to trigger by the end of the week, we run through the consequences -- which may not be as nightmarish as predicted. David Gura takes a look at Pete Peterson, the billionaire who's spent millions of dollars, over decades, campaigning for a long-term solution to the national debt. Do rising gas and food prices prove inflation is alive and well? We hear about why you might...
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Clive Davis
Some of the top names in music, Bob Dylan, Johnny Cash, Aerosmith, all shared something common -- producer Clive Davis. Marketplace talks to Davis about his new memoir, "The Soundtrack of My Life."
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2-22-13 Marketplace
Deputy Secretary of Defense Ashton Carter talks about deciding which defense employees would face furloughs if sequestration triggers next week. Meanwhile, budget cuts have already sidelined the refurbishment of the USS Lincoln. We look at how cable news networks are using the Oscar Pistorius case to their advantage. Google's creating splashes in the tech world with its announcements of retail stores and a high-end laptop. David Weinberg investigates the vulnerability of our power grid...
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Foreclosures Gone Wrong
In some foreclosures, people simple couldn't keep up with payments. In others, the foreclosures simply went wrong or weren't completed, which means they couldn't be sold
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2-21-13 Marketplace
In the latest installment of Burn, Alex Chadwick explores a debate in the nuclear industry about whether expensive safety measures are really necessary when there is a small risk of danger. Florida Gov. Rick Scott has decided to expand Medicaid under the Obama administration even though he initially was opposed to the idea. The New York Times is looking to sell The Boston Globe. The Billboard 100 now includes YouTube hits. And the president of Participant Media discusses the movie...
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Nuclear Safety and Costs
The disaster at Japans Fukushima nuclear power plant led American regulators to impose new rules in this country. But that's led to a debate about whether expensive safety measures are really necessary when there is a small risk of danger.
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2-20-13 Marketplace
Sen. Mark Warner (D-Va.) discusses the sequester and the impact it could have on his region. Walmart is expected to deliver bad news to investors tomorrow, blaming the payroll tax increase for slow sales. A new survey from Pew offers details about why people take out payday loans even though they know they are getting a raw deal. Dartmouth University recently stopped offering credit for Advanced Placement courses. A New Hampshire city is trying out a new device designed to ease parking...
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2-19-13 Marketplace
The Chinese government is sponsoring cyber-espionage to attack top U.S. companies. The dreaded sequester is affecting all of Washington, D.C. Scott Tong takes a look at the Simpson-Bowles proposal to reduce the U.S. deficit. We explore how diamond thieves made away with millions in diamonds at the Brussels Airport. Dijon mustard brand Grey Poupon is trying to make a comeback. And Deferred Action, the immigration plan that allowed some immigrants brought to the U.S. as children to avoid...
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Fuel Economy a Bad Thing?
On the next installment of Freakonomics Radio, hear about why an increase in fuel economy can actually be a bad thing.
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02-18-13 Marketplace
On this President's Day holiday, we explore whether it's legal to use images of presidents for commercial purposes. Are you planning to eat some potatoes today? The state of Idaho is worried about knock-off potatoes, specifically from Turkey. Plus, we look at India's gun market, why it's so hard to refinance student loans, and how robots may steal our manufacturing jobs. Also, what would it take to get you to leave some change in the tip jar? A strategy to get people to leave that extra...
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In Turkey, a Fight Over 'Idaho'
In the far-off lands of Turkey, there's a battle brewing over the word "Idaho." And of course, it all has to do with Idaho's famous potatoes.
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2-15-13 Marketplace
A meteor strikes Russia and shakes the economy. A team at Johns Hopkins Hospital in Baltimore builds the ICU of the future. Now facing murder charges, Oscar Pistoriusjoins a long list of professional athletes inlegal jeopardy, moral trouble or both. Mark Garrison takes a look at how corporate sponsors like Nike respond.Meanwhile, we wonderif applying for EU membership would help the U.S. government figure out how to manage its debt. After all, in order to be admitted to the eurozone,...
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The Toll of 'Preventable Harm'
Have you ever gone to the hospital for one thing and ended up sick from something else? Doctors call this "preventable harm" -- and every year more than 200,000 people die from it.
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2-14-13 Marketplace
Valentine's Day aside, the price of a rose hasn’t increased in decades. We take a look at what’s behind the floral price fixing. Meanwhile, Robert Schmitz reports on spending the Chinese New Year onthe Street of Eternal Happiness withZhang Naisun, one of the more than300 million Chinese who live on less than two dollars a day. And Die Hard 5 is out today. Grantland’s Wesley Morris talks about why Die Hard is such an endless franchise, and why action heroes are so geriatric this season.
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The Aging Action Hero
Host Kai Ryssdal talks to Grantland writer Wesley Morris about action heroes, and why they're so much older than they were a decade ago.
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2-13-13 Marketplace
Ten states raised their minimum wage this year. Now, President Obama wants to increase it nationwide. Commentator Robert Reich says the federal government needs to separate investments in the economy from discretionary spending. Meanwhile, the European Union and the U.S. plan to work on what would be a gigantic trade agreement, but an equally large cultural clash threatens to quickly dash hopes of a deal. Intel says it will sell TVs directly to consumers this year. We hear about a program in...
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The Cold War Comes to the Small Screen
Spies, socialists and the fear of Soviet invasion aren't just history to the creators of the new FX show, "The Americans."
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2-12-13 Marketplace
President Obama will give his State of the Union speech tonight. North Korea tests another nuclear weapon, but how can the impoverished country afford to be a nuclear state? Leaders of the International Olympic Committee have dropped wrestling from the 2020 games. Dan Gorenstein takes a look into the profits made by stores that cater to doomsday preppers and bad weather survivalists. Author Jess Walters talks about his new series of stories that delves into the recession-era America. And...
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In Chicago, Parsing Violence and Housing Projects
As Chicago searches for ways to reduce gun and gang violence, it's moving people out of dilapidated housing projects. But the city is finding that the violence follows the relocated residents.
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2-11-13 Marketplace
Police in Los Angeles are offering $1 million to anyone who leads them to the whereabouts of alleged cop-killer Christopher Dorner, but big rewards don’t necessarily yield big results. We consider how the pope’s resignation would work in the regular business world. Maker’s Mark bourbon is flying off store shelves, pushing the company to announce that it's watering down the alcohol content. Apple’s talking about building a watch, and one intriguing feature would be bendable glass. A new book...
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Public Safety in Chicago
In the most violent neighborhoods of Chicago, public safety is a top priority. And that means economic development suffers.
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02-08-13 Marketplace
The White House urges Congress to avoid the 'sequester' with apocolyptic examples of what could happen if it doesn't. As the fight over universal background checks on gun-buyers heats up, David Gura finds out what it really takes to buy a firearm.Air pollultion levels in Eastern China have reached historic levels, but Rob Schmitz looks at some business opportunities have actually brightened in the smog. AndSara Keagle, flight attendant and host of 'The Crew Lounge' podcast, discusses...
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Gun Shops, Stuck in the Middle
While some lawmakers continue to push for universal background checks, others say it's a step too far. And gun shops are stuck in the middle.
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2-7-13 Marketplace
We look at whether the merger between American and US Airways will really shake up the industry. Microsoft goes after Google in the style of a political attack ad. Fashion journalist Kate Betts discusses Fashion Week trends and the economics behind them. Dan Gorenstein previews Steven Soderbergh's latest film, "Side Effects," a thriller surrounding pharmaceutical pills. Commentator Afi Odelia Scruggs talks about the emotional impact of finding out her great great grandfather was worth, as a...
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Lessons From Detroit
You've heard the horror stories about Detroit, tales involving corruption, violence and miles of empty buildings. Host Kai Ryssdal talks to author Charlie LeDuff about what the Motor City has to teach the rest of the country.
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2-6-13 Marketplace
The Postal Service plans to stop delivering regular mail on Saturday. Mathematician Curtis Cooper talks about his discovery of the longest prime number. Thousands of people who had their homes destroyed by Hurricane Sandy four months ago are still living in hotel rooms, rentals or crashing with friends and family. A new startup aims to help those without bank accounts or credit cards pay for stuff online. As Hasbro gets rid of the iron token in its Monopoly game, we look at the innovations...
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The Hidden Side of False Memory
On the next installment of Freakonomics Radio, the show looks into the hidden side of false memories, and why we sometimes remember events that never happened.
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2-5-13 Marketplace
Dell has reached a $24 billion deal to take itself private, but what will the company do with that money? The Justice Department is suing Standard Poors over its bond ratings in the lead up to the financial crisis. Wednesday is the big day high school football recruits send letters of intent to the universities they plan to attend and play for -- and at the center of the process: the semi-antiquated fax machine. Dan Gorenstein reports on the rise of the survivalist industry. And Kai Ryssdal...
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The Algorithm Makes All the Difference
Online dating just wasn't working for Amy Webb. So she devised her own algorithm, and found the perfect match
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2-4-13 Marketplace
In the first in a series of profiles about disappearing professions, a film projectionist says his predecessors had promised him a life-long career. As the Dow Jones Industrial Average hovers near 14,000 points, Mark Garrison reminds us that good news is often scary. A digital advertising director talks about whether Twitter ads during the Super Bowl might have delivered more bang for the buck than the flashy spots on TV. Smart security cameras aren't only capturing you as you walk into a...
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How Retailers Track You, Even Offline
Online, retailers use tracking cookies to keep tabs on your preferences. Now, stores have found a way to track you offline, too.
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2-1-13 Marketplace
After a dramatic slump during the recession, Boise, Idaho’s economy has returned to good health. The income tax is celebrating its 100th birthday this year. With an improving housing market comes more open houses, and Jim Burress reports on the 'lookie-loos' turning out to see their neighbors’ cribs. Ticketmaster is doing away with those annoying things known as 'captchas,' which make sure you’re not a robot. And Grantland's Wesley Morris talks about the business behind filmmaking.
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1-31-13 Marketplace
In the latest Converation from the Corner Office, Kai Ryssdal talks to Sue Gardner, CEO of WikiMedia, about Wikipedia's global plans and the online encyclopedia's need for more female editors. New research suggests that millennials deal with credit card debt differently than past generations. Wired magazine's Kim Zetter discusses the Chinese hacking of the New York Times. WithAlicia Keys being named a creative director for Blackberry -- and then tweeting from her iPhone -- we look into the...
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WikiMedia From the Corner Office
In the next installment of Conversations from the Corner Office, WikiMedia Foundation Executive Director Sue Gardner talks about Wikipedia's global plans and the online encyclopedia's need for more women editors.
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1-30-13 Marketplace
The economy shrunk for the first time since 2009, but the decline isn’t causing too much panic. JCPenney has decided to bring back sales and discounts. The president’s two-year-old council on job creation closes up shop this week -- we look back at what they accomplished. Harvard University will study the link between football and concussions over the next decade. There’s a smog cloud over Eastern China that’s three times the size of California. Immigration reform could mean rising wages,...
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1-29-13 Marketplace
Scott Tong discusses the details of the BP settlement for the 2010 oil well spill in the Gulf of Mexico. The Blackberry 10 is set to unveil tomorrow and many wonder if the device can turn things around for Research in Motion. We explore whether Super Bowl ads really boost sales.Restaurant reservation website OpenTable is buying Foodspotting, a smartphone app that lets diners share photos of their meals. The Pentagon is starting to lay off its temporary employees because of budget...
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Cheaper to Let it Sit
Vacant homes tend to become eyesores. But the cost to demolish a house may be more than it's actually worth.
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1-28-13 Marketplace
As the debate heats up over reforming immigration laws, Krissy Clark reports on the role played by the 11 million undocumented immigrants in the nation's economy. Retailers now can charge extra when they swipe a credit card. The Library of Congress has special powers when it comes to deciding how you use your cell phones, tablets and other technology. New York Times television reporter Brian Stelter talks about the Los Angeles Dodgers' new channel and whether the cable TV financial model...
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Today's Show
Are you preparing to jailbreak an iPad or unlock your new Android? Think twice. It's been outlawed by the Librarian of Congress.
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1-25-13 Marketplace
David Gura pays a visit and reports from inside a Virginia gun store. Twitter’s newest service lets users post six-second videos, but some are complaining that's too short. Apple's latest supplier responsibility report goes deeper than ever into its Chinese supply chain. We look into whether the legal costs in the fight between Barbie and Bratz has been worth it. The European Union’s market for carbon emissions credits is crashing, but the EU isn’t ready to bail it out. And Las Vegas...
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Shoot First?
Some American gun owners say you should shoot a gun before you form an opinion on gun control.
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Literary voices: Writers reflect on the word hope
Four years ago, the word 'hope' became intertwined with Barack Obama's presidential campaign and his first days in office. This week, he had his second inauguration. Four writers explore the meaning of the word 'hope' in today's world.
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1-24-13 Marketplace
President Obama made nominations for the heads of the SEC and the Consumer Financial Protection Bureau today -- how will this affect consumers? Now that Defense Secretary Leon Panetta wants to end the ban of women in combat, we compare women in combat to women on the corporate ladder. Queena Kim reports on how mobile devices have led to the death of personal computer. San Francisco 49ers quarterback Colin Kaepernick could be the latest sports star using trademarks to score big bucks. Chris...
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How Will History Judge the Bank Bailout?
Host Kai Ryssdal talks to former Federal Reserve governor Alan Blinder about how history will remember the government bailout of the banks and the federal stimulus.
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1-23-13 Marketplace
Apple announces its first quarter earnings for 2013. We consider whether Congress really needs to pass a budget at all. The number of unionized workers decreased again last year. McDonald's reported a $1.4 billion profit today, for which it can thank its dollar menu. The global economy’s biggest names are converging in Davos, Switzerland, for a week to talk big ideas, but some argue the conference is meaningless. Freakonomics Radio's Steven Levitt has a novel idea for helping people make...
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1-22-13 Marketplace
It's the first day of President Obama's second term, so how will he secure the progress he made, while funding the second-term agenda he laid out in yesterday's inauguration speech? The high school graduation rate in the U.S. is the highest it's been in nearly 40 years.The daily deal site Groupon has halted all gun related promotions.Los Angeles Times columnist David Lazarus talks about how a cat bite turned into a $55,000 medical bill. Fashion journalist Kate Betts discusses how the First...
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1-21-13 Marketplace
The inauguration managed to get its own mobile app this year; Politico's Steve Freiss talks about why technology often falls behind of the times. Meanwhile, Barack Obama's Obama for America campaign group -- database, volunteers and all -- is now turning into a nonprofit. Young entrepreneurs in Hong Kong are updating the tailoring business there.The building material that made for colorful countertops decades ago -- Formica -- could be making a green comeback. And Jim Burress reports on how...
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1-18-13 Marketplace
Marketplace broadcasts live from the National Public Housing Museum in Chicago, following the theme "How to make it in America."
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1-17-13 Marketplace
President Obama's first inauguration was an economic boon for D.C., but economic expectations are low this time around. Kai Ryssdal talks to a gun store owner about doing business after Obama's executive actions toward gun control. Quartz reporter Tim Fernholz talks about comparing the debt ceiling debate to Choose Your Own Adventure books. Chinese telecom company Huawei says that U.S. government is wrong for labeling it a security threat. And four years after Barack Obama's campaign message...
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1-16-13 Marketplace
President Obama announced plans to limit the sale of guns today, but there’s still not a lot good data available about gun violence. Kai Ryssdal talks Congressman JerroldNadler (D-N.Y.) about his bill to repeal the debt ceiling. Goldman Sachs reported a spike in revenues today, and JPMorgan announced today that 2012 was a record year -- will this be good for the economy? Airlines in Japan are grounding their Boeing Dreamliners, which could affect the country's close ties to U.S. aircraft...
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1-15-13 Marketplace
Coca-Cola has been accused for years of contributing to the obesity epidemic, but its new ads suggest it wants to join the fight against fat. School bus drivers in New York are going on strike tomorrow in hopes of getting more job security. Dan Bobkoff reports that in the eyeglasses industry, more competition could drive down prices in the foreseeable future.The world’s richest man, Carlos Slim, has partnered with Khan Academy to bring free education to Spanish speakers. One entrepreneur is...
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01-14-13 Marketplace
President Barack Obama gave Republicans an ultimatum: pay America's bills and raise the debt ceiling or risk putting the U.S. through another crisis. Walmart, the world's largest retailer, is gearing up to make a big adjustment to its business model -- it's getting ready to open the smallest Walmart store in the country. Matt Parker and Trey Stone, the creators of "South Park," say they're taking some of the profits from their Broadway success, "The Book of Mormon" and opening up their own...
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1-11-13 Marketplace
The 787 Dreamliner was supposed to be the airplane of the future, but it looks like the Federal Aviation Administration will soon be bringing those dreams back down to earth. As part of new marketing strategy, the men’s fragrance line Axe is launching 22 consumers into space. Having doctors move paper records onto computers was supposed to save patients money -- but that hasn't been the case. Queena Kim reports from the Consumer Electronics Show about whether the death of CES has been...
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1-10-13 Marketplace
This flu season is shaping up to be one of the worst, and our economy is bound to be affected. With a boom in gold sales over the last decade, the demand for safes and vaults has risen. Now that we know who’s been nominated for an Oscar, businesses that serve Hollywood, from florists to stylists, are gearing up for the event. Today, drones are used as a tool of war, but in a few years you may be able to buy your very own at your local Walmart. And when economic times are bad, pawn shops...
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1-9-13 Marketplace
A meeting on guns and violence has kicked off in Washington today. The Internal Revenue Service has announced that they will start processing tax returns for the majority of filers on Jan. 30 -- a bit later than normal, thanks to the fiscal cliff. Scott Tong speaks to those who have been affected by Venezuelan President Hugo Chavez. Freakonomics Radio's Stephen Dubner talks about why Nobel laureates, Oscar winners and baseball Hall of Famers seem to live longer than their peers. Dieters are...
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1-8-13 Marketplace
After being bailed out by the government in 2008, AIG is considering suing the U.S. government over the terms of the bailout. With more and more movies being filmed outside of Hollywood, businesses that once solely depended on the L.A. movie industry have to find new ways to make money. The battle between austerity and stimulus is being hashed out by Britain’s coalition government. Retail pharmacies are using the flu vaccine to make big bucks.Low-wage warehouse workers are suing Walmart for...
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1-7-13 Marketplace
Bank of America has reached a $10 billion loan settlement with Fannie Mae. Disney Parks and Resorts will begin to issue “MagicBands” to visitors, which will replace things like room keys and tickets and will track the movement and behavior of guests. A new smartphone is hitting the market -- it’s called Ray and is designed for the blind. NASA is looking to lease its old shuttle facilities. In the late night TV show wars, Jimmy Kimmel and Jay Leno will start their shows one minute apart. So...
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1-4-2013 Marketplace
The FDA has released their new rules for food safety. Some people are promoting the idea of minting a trillion-dollar coin to prevent hitting the debt ceiling. The Wealthy Poverty asks people who make $250,000 or more if they consider themselves rich. Freelance workers are looking more and more attractive to companies that want to save money. Author and Geomagic CEO Ping Fu talks about her youth in communist China and her adulthood as a tech entrepreneur. And David Gura reports the number of...
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1-3-2013 Marketplace
The Federal Trade Commission announced that Google has agreed to allow competitors access to patents on technologies needed to make devices like smartphones, laptops and tablets. Family Dollar lowered its profit outlook for this year. Your disposed Christmas tree may be part of a new sand dune or riverbed. Jeff Speck talks about his new book "Walkable City," which takes a look at Americans' desire for cities where you can get around without cars. And Scott Tong reviews the movie "Promised...
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1-2-13 Marketplace
The fiscal cliff has been averted, but the payroll tax cut still expired -- how might this affect your paycheck? As people begin to work on their New Year's resolutions, we explore the "gym-conomy." By one estimate, Hispanic consumers contribute more than a trillion dollars to our economy, with Latina shoppers being the most savvy about their buying. Sarah Gardner talks to the Atlantic’s Jesse Eisinger about his behind-the-scenes article on banking in America. And in the latest "BURN: An...
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01-01-13 Marketplace
It's a new year, but there's still drama surrounding the old fiscal cliff.What's holding up a deal in the House? And how does Britain feel about the entire ordeal? Plus, some advice for our Congress from fed-up New Yorkers and austerity-worn Greeks. With a new year comes new resolutions. If your pledge was to get in shape, take a listen to our story on personal trainers. We also explore a plan to protect Manhattan from flooding and Oscar voting. Here's to a great 2013!
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12-31-12 Marketplace
The fiscal cliff deadline is tonight -- we go over what will and will not happen if a deal isn't reached by midnight. We look at whether earmarks are to blame. Sarah Gardner talks to an unemployed steelworker about what happens to him if unemployment benefits expire on Jan. 1st. The Pentagon ispreparing to notify its entire civilian workforce about furloughs they will encounter if the U.S. goes over the fiscal cliff. Meanwhile, getting consumers to “go green” has proven harder than marketers...
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12-28-12 Marketplace
If there’s no deal made by Dec. 31st regarding the fiscal cliff, many of the Bush-era tax cuts will expire, including the death tax. We also look atwhat the impact of the fiscal cliff could mean for Wall Street. All the talk surrounding the possible port strike this week got us wondering aboout what a longshoreman does. Unilever has announced that it will remove tiny plastic beads from its soap products by 2015. Stephen Beard goes over the underlying themes of this past year in European...
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12-27-12 Marketplace
The U.S will hit its $16 trillion debt ceiling -- we explore how this affects the fiscal cliff. Jeremy Hobson talks to Memphis mayor AC Wharton about what happens to his city if we do go over the cliff. The Environmental Protection Agency's Lisa Jackson has announced that she will be stepping down. Sea World is going public. Curbside buses have extended their routes for the holiday travel season, even through not-so-populated places. And with 18 states and the District of Columbia now...
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12-26-12 Marketplace
Jeremy Hobson goes to the gun buyback event in downtown L.A. to talk to Mayor Villaraigosa about how to keep firearms off L.A.’s streets. Meanwhile, Stephen Beard reports on what gun control looks like in Europe. The housing market in the U.S. continues to rise, but one state -- Michigan -- has missed out on home price gains.We take a look at the private transportation system in Silicon Valley. Dan Bobkoff explores what happens when competitive companies -- like Netflix and Amazon -- have to...
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12-25-12 Marketplace
Merry Christmas! Hopefully you're spending it with loved ones. Some people have to work today. We look at why more businesses are open on Christmas. And are you planning to watch a movie? Hollywood's having a good year. Plus, stories on super PACs, the business of family business in Japan, how new technology is helping Sweden care for its aging population, and the latest in our series "What's up, Europe?"
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12-24-12 Marketplace
Tonight's the big night for Santa -- we break down the numbers of Santa's business enterprise, elves and all. Toy analyst Sean McGowan explains why Lego is still relevant in 2012. Meanwhile, Microsoft computer sales are down from last year. Charles Dickens would be celebrating his 200th birthday this year; reporter Christopher Werth explores the economics of the man and his works. And in the latest installment of the Street of Eternal Happiness series, a look into the China's 'mad men'...
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12-21-12 Marketplace
The NRA says that the only way to keep schools safe is to train and arm someone at every school in America -- but how much would that cost? Meanwhile, Speaker John Boehner’s so-called "Plan B" to avoid the fiscal cliff failed before any votes were taken. Facebook is testing a $1 fee that allows strangers to message you. Some pediatricians say that expensive educational toys are a waste of money and may even actually be harmful. We hear about what's being done to avoid costly medical...
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12-20-12 Marketplace
Now that the New York Stock Exchange has been bought, what does it mean for investors? Christmas falls on a Tuesday this year, which gives shoppers -- and retailers -- an extra weekday for finding that last-minute gift. The demand for architects is on the rise. Shaquille O’Neal announced he will launch a new vodka called Luv Shaq. Stephen Beard follows the rise of Shahid Nazir from fish monger in London to a worldwide Youtube sensation. And we hear the story of a man who, after serving 13...
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12-19-12 Marketplace
With six shopping days left until Christmas, we take a look at dynamic pricing. In part two of our series on Michigan’s right-to-work legislation, we look ahead to what’s next for the state’s middle class. General Motors will purchase 200 million shares of stock from the U.S. Treasury in its first step towards a government exit. When acts of violence shake the nation, sales of guns go up -- and the same happens with gun magazine sales. Meanwhile, some schools are looking to beef up security....
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12-18-12 Marketplace
The photo-sharing service Instagram has changed its privacy policies to allow your photos to be used in advertisements, and users aren't happy. Kai Ryssdal talks to game designers at USC's Interactive Media department about what goes into designing a game and what makes some of them so addictive. Labor unions in Michigan took a blow when the “right to work” law passed last week-- Krissy Clark reports on the history and the future of unions. After President Obama proposed he’ll extend...
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12-17-12 Marketplace
Democratic Sen. Diane Feinstein has plans to introduce a bill that would ban assault weapons, and that legislation is sure to attract attention and money from special interest groups. Sen. John Kerry, meanwhile, is one of the front runners for the next Secretary of State and if he gets the position, his home state of Massachusetts will have to hold a third Senate race in a little over two years.With Christmas just around the corner and many retailers offering free shipping, UPS and others...
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12-14-12 Marketplace
In the Weekly Wrap, Kai Ryssdal talks to Catherine Rampell from the New York Times and Felix Salmon from Reuters about the Federal Reserve's meeting this week. Yahoo's Marissa Mayer has named a new member to its board of directors. The Swiss bank UBS is likely to be fined around $1 billion for its role in a recent LIBOR scandal. To boost the country’s housing market, the Spanish government is offering a sweet deal to foreigners who buy a home there: citizenship. And Townsend Kyser, a catfish...
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12-13-12 Marketplace
Google Maps are back on Apple products.There's also an app called Uber that allows you to request car service from wherever you are, but it's become a nightmare for cab drivers who make money doing the same thing -- Kai Ryssdal talks to Uber's CEO about the situation.The British government gave the okay for a company to resume test drilling for shale gas using the method known as fracking. We look into the concept of chained CPI and how it could solve our country's deficit woes.Commentator...
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12-12-12 Marketplace
Federal Reserve Chairman Ben Bernanke spoke about the fiscal cliff and QE4 today. As some prominent rich people are calling for the government to raise the estate tax as part of the fiscal cliff negotiations, we look at this history of this tax. A number of businesses are benefitting from the 'apocalypse economy.' States have until Friday to decide if they will operate their own health care exchanges or let the federal government do it. Freakonomics Radio's Stephen Dubner talks about what...
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12-11-12 Marketplace
The Wealth Poverty Desk's Krissy Clark reports from Lansing, Mich., about the state's passing of right-to-work legislation. The U.S. Treasury has sold all of its remaining shares of AIG, but the government still owns shares of some pretty big companies. With drug patents expiring, there's been a drop off in big pharmacy advertising, and that's hurting Web MD. The consumption of horsemeat is commonplace in the EU, but now there's cause for concern because some of the drugs given to American...
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12-10-12 Marketplace
Outgoing SEC Chair Mary Schapiro talks about her last four years in office. The Nobel Peace Prize was awarded to the European Union today, and many are wondering why.Dan Gorenstein takes a look at new legislation promoting the training and hiring of Iraq and Afghanistan veterans to provide peer counseling to fellow veterans. Deductions for charitable giving could be on the chopping block as part of a deal on the fiscal cliff. Retail stores are increasing their giveaways this holiday shopping...
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12-07-12 Marketplace
November's job report shows the jobless rate fell to 7.7 percent, and 146,000 new jobs were created -- but how can the report be of any practical use to job seekers? We look at the changes IBM says they're making to employee benefits and how it could ripple to other companies. Some mortgage companies say they won't foreclose over the holidays. There's a breakthrough in the shipping industry that has tankers reaching their destinations more quickly than ever. And Scott Tong profiles George...
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12-06-12 Marketplace
Democrat Sen. Max Baucus from Montana discusses the fiscal cliff talks in Washington and whether or not a deal is possible. We take a look at what the purchase of one home means to the economy. The price of guar gum -- used in everyday products like ice cream, gum and paper -- has been skyrocketing. There's a battle in the U.S. over whether to export natural gas. An outfit called The Golden Spike Company says it plans to run private missions to the moon.Amy Scott takes us back to Oyler...
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12-05-12 Marketplace
Fresh Easy stores are leaving the U.S. because of lack of profit. Meanwhile, Starbucks plans for 1,500 new stores in the country over the next five years. ATT hopes to help people understand their phone bills with short videos. A new British opera aims to explain confusing financial markets. Kai Ryssdal talks toartist and photographer Robert Burley about his new book and the collapse of the photo industry. And Nashville Mayor Karl Dean talks about his city’s rise in popular culture and...
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12-04-12 Marketplace
Shoplifting could cost retailers nearly $9 billion this holiday season. The strikes at the ports of Los Angeles and Long Beach are entering their second week, but some businesses are actually benefiting from the stoppage. The future of agriculture might be in the hands of robots. Employers are requiring degrees for jobs that didn’t require a diploma just five years ago. We ask a mathematician what it takes to make elevators run smoothly. The series Black Gold Boom provides a look into the...
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12-03-12 Marketplace
The holiday season is for giving but the National Retail Federation expects shoppers to spend up to 20 percent of their holiday budget on themselves. The American Psychiatric Association has said compulsive hoarding should now be classified as a mental illness. Bank of America has announced that it will delay debit card fees again. Five states are extending their school year with hopes of boosting student achievement in the U.S. Felix Salmon from Reuters explains the Argentine sovereign debt...
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11-30-12 Marketplace
The Weekly Wrap talks about the stalemate in Congress over the fiscal cliff. A strike at the ports of Los Angeles and Long Beach has entered its fourth day. Meanwhile, FedEx and others that hire large amounts of seasonal workers can’t find enough people to fill the jobs. The gaming company Zynga has loosened its ties with Facebook, but both companies see this as a positive. Rob Schmitz takes a look at China’s sex shops and the role they play in couples’ love lives. And Eve Troeh explores why...
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11-29-12 Marketplace
Fast food workers in New York walked off the job in protest of low wages. A new census study shows that the top job for men is in truck driving and more women are employed as secretaries than any other job. Stacey Vanek-Smith reports on how people are getting around data tracking on the Internet. We get a look at the coolest new cars at the Los Angeles Car Show. Gil Kerlikowske, drug policy advisor for the Obama administration, discusses the future of the war on drugs. And The Onion’s Sam...
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11-28-12 Marketplace
President Obama is asking Americans to speak out about the fiscal cliff and middle class tax cuts by using the hashtag #My2k on Twitter -- but how much influence can a hashtag have? In the wake of news that Jeff Zucker could soon lead CNN, we dissect how the news channel has been doing. Britain's government has set a minimum price for alcohol to help combat excessive drinking. Freakonomics Radio's Stephen Dubner talks about pro bono economics. And in the last part of our series on Walmart...
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Extended Interview: Warren Buffett on Jamie Dimon as...
All the talk these days is about the likelihood of the U.S. Congress avoiding a fiscal cliff. You know who’s not worried? Warren Buffett. Plus, his views on the taxes, the next Treasury Secretary and taxes.
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11-26-12 Marketplace
Now that Black Friday and Cyber Monday are two of the biggest retail days of the year, we explore what’s in a name when it comes to shopping. Bob Moon reports on the similarities and differences between a corporate raider and an activist investor. California businesses are becoming easy marks for plastic thieves looking to make a profit. The Wealth Poverty Desk kicks off its series on labor and Walmart with a look at the temporary staffing agencies contracted by the retailer to distribute...
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11-23-12 Marketplace
Walmart announced today that it's had its best Black Friday ever. Meanwhile, shoppers at some stores passed workers who'd walked out. It seems Superstorm Sandy is, in fact, giving a boost to the economy. We hear about fans of the Florida Marlins who were upset by the team's latest trades. One community college is cutting hours for some its faculty in order to comply with the Affordable Care Act. An art college in Maryland has found a new way to feed its students while also cutting costs. And...
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11-22-12 Marketplace
Enjoying Thanksgiving dinner? Your turkey may have cost a little bit more this year thanks to last summer's drought. Planning to go Black Friday shopping? We look at why stores open so early, anyway. And if you're planning to head to Walmart, you might encounter demonstrations. Some workers are planning a walkout over unfair pay. We talk with Gallup's Frank Newport about who's shopping on Black Friday and check in with two expats about how they're doing on turkey day. Plus, stories on...
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11-21-12 Marketplace
Talks between Hostess and its bakers’ union have failed, and it looks like a shutdown of the company is nearing. More and more companies are switching from Blackberry to iPhones and other Apple products. The Texas AM football team has been wildly successful and it’s got others looking to cash in on the glory. Some video game companies are using the crowd-funding site Kickstarter to raise millions of dollars, but there is no guarantee that people will get the video games they want. We hear...
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11-20-12 Marketplace
Hewlett-Packard CEO Meg Whitman talks to Kai Ryssdal about the company’s quarterly loss and the allegations of misrepresentation. France has had a tough week, after being downgraded by Moody's yesterday. Here in the U.S., some food pantries can’t afford to give away turkeys. High schools and colleges across the country have moved from grass to artificial turf for their sports fields, but there are health concerns involved. We hear another first-person narrative from the mancamps in North...
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11-19-12 Marketplace
There's optimism that a congressional compromise to avoid tripping over the fiscal cliff is all but a done deal. So what's changed? Cranberries are big business in Massachusetts, but climate change is forcing growers there to rethink operations. The juggernaut that is Black Friday just keeps growing. And now it has extended beyond just sweaters and electronics. Plus, the oil boom in North Dakota has brought thousands of workers to the state, but there's not a lot to do except work. So one...
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11-16-12 Marketplace
The iconic cake maker Hostess is shutting down their ovens for good. The deadline for states to create health insurance exchanges has been pushed back to December. As the fiscal cliff looms, the popular mortgage interest deduction might be on the chopping block. California could be on the verge of a surplus. Kai Ryssdal checks back in with gas-station owner Oz Elma in Pelham, N.Y., about the fuel situation there. And Queena Kim explores how bosses with bad attitudes used to be acceptable as...
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11-15-12 Marketplace
BP has pleaded guilty to criminal charges and will pay $4.5 billion in a settlement with the U.S. government. The Federal Housing Administration may be in need of a bailout. More than a year later after the rise of Occupy Wall Street, supporters are looking to wipe out the debt of strangers. Facebook has launched a new app for job seekers. We hear abouthow the Internet affects how recording artists are paid. Reporter Jeff Tyler finds that the porn industry may be looking to set up shop...
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11-14-12 Marketplace
In today’s press conference, President Obama talked about his ideas on how to fix the fiscal cliff. The state of Texas has enough signatures to go to the White House to succeed from the United States. With the aftermath of Superstorm Sandy still looming, many companies are using the storm as a cover-up for their lost in sales. California is holding its first auction of carbon permits, launching its cap-and-trade system. Austerity strikes are going on across Europe. One stop shops Walmart and...
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11-13-12 Marketplace
More than 500,000 people have signed a petition urging Macy's to tell Donald Trump he's fired. Superstorm Sandy is long gone, but the recovery will take a while, even for those whose homes weren't destroyed. Kai Ryssdal talks to Gizmodo reporter Jeff Wise about anti-virus software creator John McAfee. Sylvania unveiled a new LED lightbulb that gives off the equivalent brightness of a traditional 100-watt bulb and last 25 times as long. North Carolinians thought building a Google data center...
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11-12-12 Marketplace
The United States is on track to pass Saudi Arabia and become the largest oil producer by 2020. Greece has passed an austerity budget for 2013. Thousands are still left homeless after Sandy and officials are trying to find apartments and homes to place them in. The Department of Veterans Affairs has set a goal to end veteran homelessness by 2015, and help homeless veterans access disability payments. We take a look at advertisements warning of the upcoming fiscal cliff, and talk to an actual...
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11-9-12 Marketplace
Fed Chairman Ben Bernanke coined the term "fiscal cliff" to describe that fallout if automatic tax hikes and spending cuts go into effect -- but what else could the situation be called? Amazon has uncorked its new wine marketplace in many states. Kai Ryssdal talks to a gas station owner in New York who is staying open despite not having gas. We hear about the economic benefits to price gouging. And there's a new Archbishop of Canterbury, and he has an unconventional business background.
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11-8-12 Marketplace
McDonald’s sales are down for the first time since 2003. ATT has decided to scrap their landlines and invest in wireless services instead.Walmart is ramping things up for Black Friday especially early this year. Amy Scott talks to a teacher who taught high school at Chicago’s Cook County Jail. Germany houses about half of its gold in a vault beneath the Federal Reserve building, and some Germans are anxious to know if the gold is actually there. And China is going through a major leadership...
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11-7-12 Marketplace
President Obama’s been re-elected, but will his relationship with Wall Street be any different? We look at how Obama might spend his political capital. Kai Ryssdal follows up with a small business owner to see how she feels about the president being elected to a second term. Mitt Romney won't be getting the presidential job; the Wealth Poverty Desk looks at the job market for others in his demographic -- unemployed 65-year-old white males. Meanwhile, the European Commission has cut its...
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11-6-12 Marketplace
It's Election Day. San Bernardino has one the highest unemployment rates in the country while Oklahoma City has one of the lowest; our reporters check in to see how voters are feeling in both cities. Some people have experienced long waits at their polling places today -- how does constant waiting affect us financially and psychologically? No matter who wins the presidency tonight, they will inherit an improving economy. Even when this election is over, super PACs are here to stay. And we...
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11-5-12 Marketplace
Kai Ryssdal speaks with former Minnesota governor and former presidential candidate Tim Pawlenty about the election and his new role as the head of the Financial Services Roundtable. Estimates say a combined $6 billion has been spent on the presidential campaigns by President Obama and Mitt Romney. Meanwhile, the power outages in New York caused by Superstorm Sandy have left many that use food stamps helpless and hungry. We look at Sandy's effect on the holiday retail season. And the newest...
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11-2-12 Marketplace
October's jobs numbers are out, the last unemployment report to be released before Election Day. Kai Ryssdal talks to a small business owner from North Carolina who is still undecided about who to vote for on Tuesday. We hear about one pizza parlor in New Jersey that is trying to return to normal after Sandy, and about how the rich may have a quicker, easier recovery. The rapper Eminem has reached a settlement in a years-long lawsuit over royalty payments. And we hear about the political...
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11-1-12 Marketplace
The Wealth Poverty Desk interviews indie rock band The National about their involvement in the election, and their popular song "Bloodbuzz Ohio." Meanwhile, telecom rivals ATT and T-Mobile have decided to share mobile networks so that New York and New Jersey residents can receive better cell phone service. Some experts are blaming Superstorm Sandy on climate change and say that the storm was very predictable. And Gallup editor-in-chief Frank Newport talks about how Sandy has disrupted their...
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10-31-12 Marketplace
Halloween spending this year is expected to jump 10 percent. Freakonomics' Stephen Dubner about the best places to get candy on Halloween and how that ties in to charitable giving. Meanwhile, nearly 6,000 people are without power in Manhattan due to Superstorm Sandy, but some businesses are reopening. Many areas hit by Sandy are working hard to make sure voting isn’t disrupted on Election Day. Owners of flooded cars are making calls to their insurance companies. And a look into how some...
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10-30-12 Marketplace
We conclude our series called Big Money, on Citizens United and election financing, with a feature on the rise of campaign trackers. Meanwhile, the East Coast begins to recover from Superstorm Sandy -- the markets are set to open on Wednesday, while some flights are getting back on schedule. Disney announces a plan to buy Lucasfilm for $4.05 billion. And Youth Radio looks into the controversy of racially insensitive Halloween costumes.
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10-29-12 Marketplace
Hurricane Sandy makes its way to the East Coast. Damage estimates are in the billions, meaning that it could leave a negative impact on the economy. In the meantime, some businesses -- like hotels -- have to remain open through the storm. Reporter Scott Tong looks into the power grid situation amidst the storm. In the latest installment of Food for 9 Billion, an exploration into Greece's obesity epidemic. We hear about an Arizona entrepreneur that sees growth opportunities south of the...
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10-26-12 Marketplace
Farmers produced two-thirds more peanuts this year than last, so it looks like the price of peanut butter is coming down. The Northeast is bracing itself for hurricane Sandy. The Chinese government blocked The New York Times' website within the mainland because of an investigative report about a government official. Silicon Valley may be the most well-known tech hub in the U.S. but other cities, like Chicago, are also trying to foster entrepreneurship. Honda is celebrating 30 years of...
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10-25-12 Marketplace
Microsoft will release Windows 8 tomorrow, but meanwhile, many companies are still resisting change and using Windows 98. A number of airlines are no longer offering long-distance nonstop flights. Amazon.com has gotten into movie-making and money-lending businesses. It looks like financial reforms could dampen the housing market forecast. Gallup editor-in-chief Frank Newport discusses the importance and reliability of polls. Reporter Stephen Beard talks to Londoners who have left the banking...
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10-24-12 Marketplace
Republican vice presidential candidate Paul Ryan addressed poverty today in a speech at Cleveland State University. A new survey says U.S. carbon emissions are falling and will go down almost 17 percent by 2020. Barnes and Noble has released the list of the 63 stores where its customers may have been victims of credit theft. New online startups are creating virtual banks where kids can deposit their allowance and either save it or spend it. Britain’s last iconic black cab maker may be going...
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10-23-12 Marketplace
With the presidential election only two weeks away, we take a look the impact of consumer data and digital campaign in this election in our collaboration with PBS Frontline. Meanwhile, The Obama campaign has released a pamphlet outlining the president’s plan for the next four years if re-elected. Many on Wall Street aren’t very happy with the latest crop of corporate earnings. Apple has unveiled the iPad Mini. A billion dollars is being invested in mills around Ohio, which are reviving the...
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10-22-12 Marketplace
Who is the fabled "undecided voter" in this election? UCLA professor Lynn Vavreck explains. Meanwhile, some employers are actually telling their employees who to vote for -- but is that legal? Tomorrow, Facebook will reveal how they are doing on mobile advertising, an area in which a number of Internet giants are struggling. Now that Lance Armstrong has been stripped of his endorsements and Tour de France titles, we look at what else he has to lose. The website Ancestry.com was just sold for...
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10-19-12 Marketplace
Economist John Maynard Keynes predicted long ago that new technologies would by now allow people to work only 15-hour work weeks. But are we closer to that than we think? Meanwhile, we look into whether bookshelf makers have been hurt by the shrinking publishing industry. In an effort to affect climate change, a California businessman dumped 100 tons of iron dust into the Pacific Ocean. On the 25th anniversary of Black Monday, we explore the chances of it happening again. And China bureau...
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10-18-12 Marketplace
Google accidentally reported their dismal quarterly earnings early today and their stock price came tumbling down. Journalist Jeff Jarvis talks about Newsweek's announcement that it will go online only after this year. New York Mayor Michael Bloomberg is investing millions of his own money into a new super PAC in hopes of helping some congressional candidates. Online review site Yelp will now post online alerts outing businesses suspected of soliciting paid recommendations. And we continue...
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10-17-12 Marketplace
Seven masterpieces were stolen from the Kunsthal museum in Rotterdam in a pre-dawn heist -- but does art theft pay off? Meanwhile, new housing construction is up. Nike announced its ending its contract with cyclist Lance Armstrong but will continue to support his cancer charity Livestrong. A grocery chain in Northern California that’s the target of a federal audit will soon find out which of its employees are undocumented and could be forced to fire them. Adriene Hill takes a further look...
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10-16-12 Marketplace
Citigroup announced today that its CEO has resigned effective immediately, leaving the company in a questionable position. Japan is about to overtake China in the amount of U.S. debt that it holds. Gallup Editor-in-Chief Frank Newport talks about how the town hall participants are chosen for the presidential debate. Levi’s is putting a new spin on recycling -- the company plans to take millions of plastic bottles and turn them into jeans. And author Frederick Kaufman discusses how Wall...
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10-15-12 Marketplace
Former Fed chairman Paul Volcker discusses his tenure and what concerns him today about financial markets, along with financial historian William Silber, who wrote a new book called "Paul Volcker: The Triumph of Persistence." The Nobel Prize in economics went to two Americans for their idea known as the matching theory. Japan’s Softbank Corp. has announced its 70 percent investment in U.S. mobile carrier Sprint Nextel Corp, making it the largest overseas buy from a Japanese firm. Ohio Gov....
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10-12-12 Marketplace
The Nobel committee has awarded the Peace Prize to none other than the European Union. Meanwhile in the U.S., Pennsylvania Gov. Tom Corbett has signed a bill that will allow controversial fracking on several Pennsylvania college campuses. Amy Scott reports on a school that's opened up an on-campus vision center for students. Some craft micro-brewers are changing the stigma of going from glass to aluminum. And the vice presidential candidates debated jobs and 6 percent unemployment last night...
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10-11-12 Marketplace
The space shuttle Endeavour will travel through South L.A. this weekend on its way to its final resting place, and some residents feel more inconvenienced than intrigued. After nearly 30 years, fast-food chain Wendy’s has decided to update its logo. South Carolina's governor says that colleges should earn the money they get from the state. San Bernardino’s bankruptcy struggles have caused a division among its citizens. The infamous Central American gang MS-13 received the designation of...
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10-10-12 Marketplace
We kick off Big Money, our special reports all this month on Citizens United and campaign financing, a special Marketplace collaboration with Frontline on PBS. Nancy Marshall-Genzer explores how the Citizens United decision has boosted union canvassers. Meanwhile, Money Matters takes a look at the costs of childcare. Walmart’s first ever retail worker strike has spread to 12 cities and shows no sign of slowing down. Toyota has announced another recall and this time it involves 7.4 million...
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10-09-12 Marketplace
German Chancellor Angela Merkel visited Greece, and was greeted by massive street protests. Meanwhile, Wall Street Journal reporter Liz Rappaport discusses how Wall Street is now backing Mitt Romney this election after backing Barack Obama in 2008. Welders are in big demand and have the potential to bring home large paychecks. A Chicago official looking to reduce gun violence and to close a budget gap has proposed taxing guns and ammunition. After Hurricane Katrina, insurance premiums rose...
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10-08-12 Marketplace
The U.S. House Intelligence Committee has said that Huawei and Chinese telecom-equipment supplier ZTE pose a security risk and the U.S. government should avoid using their equipment. The committee also recommended that American companies should be blocked from carrying out mergers involving two Chinese telecommunications firms. Meanwhile, the Center for Disease Control and Prevention has reported that the number of people with a rare fungal meningitis has risen to 91. We look at what...
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10-05-12 Marketplace
Former GE top dog Jack Welch has implied that President Obama cooked the books when it comes to the new jobs numbers -- but how would one go about doing that? The popularity of Toys 'R' Us’ layaway program has caused a run on some popular toys for the upcoming holiday season. California's gas prices jumped a whopping 20 cents overnight. The government has hired a PR firm to promote and explain all the complicated details of the health care plan. And the Wealth Poverty Desk visits a workshop...
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10-04-12 Marketplace
A day after the presidential debate and people are talking about... Big Bird. Mitt Romney said he wants to stop giving subsidies to PBS, even though he loves Big Bird. We explore what economic class the "Sesame Street" character is in. We also look at Medicare reform and polling data from Gallup. Plus, how much would you pay to promote a post on Facebook? And stories on the impact of sanctions against Iran, crime in the bankrupt city of San Bernardino, Calif., and we check in with a Midwest...
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10-03-12 Marketplace
Ahead of tonight's presidential debate, we look at the possibilities of economic growth and whether GOP candidate Mitt Romney will discuss his $17,000 tax deduction plan in more detail. Meanwhile in China, workers are moving closer to home because of an improved economy. And stories on who owns the M-22 highway sign in Michigan, Lenovo's new North Carolina factory, getting paid for tweeting while shopping, and teachers share their Plan B.
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