(U.S. Edition) In Germany, talks aimed at forming a ruling coalition fell apart last night. Chancellor Angela Merkel won the most votes in a general election in September, but not enough to rule outright. On today's show, we'll take a look at the current state of Germany's economy and what political instability could mean for it. Afterwards, we'll look at Toshiba's financial woes: it faces $6 billion in liabilities because its U.S. subsidiary Westinghouse is in bankruptcy. Then, we'll talk to Gillian Thomas, senior staff attorney with the Women's Rights Project at the ACLU, about what companies need to do to stop sexual harassment.
(Global Edition) From the BBC World Service … German Chancellor Angela Merkel is back to square one after a potential partner walked out of negotiations to try and form a coalition government. We find out what the political uncertainty means for Europe's largest economy. Afterwards, the Japanese corporate giant Toshiba's shares fell nearly 5 percent on news it's trying to raise more than $5 billion through a massive new stock listing. Then, we hear how Cuba's recent boom in tourism could be reversing as diplomatic relations with the United States become icy again.
(Markets Edition) With Republicans racing to approve legislation that would overhaul America's tax system, we'll hear from Diane Swonk — CEO of DS Economics — about the math behind the plan. These tax cuts could end up adding to the deficit, which Swonk says will create "liabilities" for future generations. Afterwards, we'll chat with Douglas Holtz-Eakin, a prominent economist and the policy director for John McCain when he ran for president in '08, about why he thinks cutting the corporate tax rate could help increase wages. And finally, we'll look at why more Americans are expected to travel this Thanksgiving than in previous years.
(U.S. Edition) The Republican tax overhaul — which calls for a reduced corporate tax rate of 20 percent — has now passed in the House. There's been a lot of debate over how much this bill will help American taxpayers. One noted economist who argues that it won't: Jeffrey Sachs, who joined our show today. Sachs, a Columbia University professor who helped engineer the Soviet Union's transition to a market economy, said "we're talking about gifts to David and Charles Koch, to Sheldon Adelson, to Robert Mercer. This is not reform. This is a heist." Afterwards, we'll look at reports that President Trump may appoint Budget Director Mick Mulvaney as head of the Consumer Financial Protection Bureau. What would this mean for the future of the agency?
(Global Edition) From the BBC World Service … The CEO and executives from Japan’s second-biggest car-maker Nissan plan to return part of their pay, following an investigation into a vehicle inspection scandal that led to the recall of 1.2 million cars. Afterwards: the credit ratings agency Moody's has upgraded India for the first time in nearly 14 years, putting one of the world's fastest growing economies on par with the Philippines and Italy. Then we hear from the Indian city of Mumbai about the ongoing struggle for latrine provisions ahead of World Toilet Day this weekend.
(Markets Edition) Amid Walmart's announcement that quarterly earnings exceeded expectations, we'll take a look at how the retail giant has been trying to find that sweet spot between saving shoppers money and making enough money for itself. Afterwards, we'll talk to the Washington Post's Helaine Olen about what America's proposed tax overhaul could mean for our personal finances. Then, we'll focus on Zimbabwe to learn more about the house arrest of 93-year-old Robert Mugabe, the country's president of 37 years.