Marketplace Morning Report
Start your day with an up-to-the-minute report on the world of business and finance with host David Brancaccio.
Airing on Tuesday, Feb. 17, 2015: Negotiations for a new bailout arrangement for Greece collapsed last night. After an election last month, Greece has been pushing to ease its debt burden. It's no secret that African-Americans may face bias — either conscious or unconscious — when it comes to being hired and promoted. But some worrying new research shows that bias may be exacerbated for job candidates who self-identify as 'Black' rather than 'African-American'. Plus, a lot of people, as they get closer to retirement, consider this move: not taking their social security payments when they're first eligible, instead waiting until 70 when you could get more, if fate smiles on you and you live long enough. But there are thousands of rules governing social security and to some this spells "opportunity." We talk to Laurence Kotlikoff, professor of Econ at Boston University and co-author of "Get What's Yours: The Secrets to Maxing Out Your Social Security."
Airing on Monday, Feb. 16, 2015: It's crunch time for Greece to try and strike a deal. The Greeks want to restructure and reexamine their bailout structure, whereas Germany and others are pushing back, saying Athens must honor old commitments. The change of government in Greece, widely-supported, is hanging over those talks. Meanwhile, CostCo and American Express are breaking up their exclusive arrangement at the end of March, in which AmEx was the only credit card accepted at Costco's stores. We take a look at the value of being CostCo's exclusive credit card and why other credit card companies are likely to want to vie for the 'co-branded' relationship. Finally, we take a look at a very specific use of billboards in Missouri: Outdoor advertising used to comment on typical billboard tactics and spur conversation.
Airing on Friday, Feb. 13, 2015: President Barack Obama is in Silicon Valley today for a cybersecurity summit. It's part of a White House effort to get more cooperation from tech companies in fighting threats to internet security, including massive data breaches. But some key tech players will be missing. More on that. Plus, BitTorrent is following Netflix and Amazon’s lead and getting into the original content business. Its first series “Children of the Machine” is aimed at its user base – 14-to-25-year-olds - which the company claims is larger that Netflix, Amazon and Hulu combined. Will this mean it’s no longer the face of the illegal download market? And South Florida will have to borrow a lot of money to build its protections against the rising Atlantic. At what point does the region’s risk from the seas start jacking up the cost of its long-term borrowing?
Airing on Thursday, Feb. 12, 2015: First up, more on a new pile of money from the west for Ukraine as that cease fire is announced. And when you think of the luxury car company Mercedes Benz, how could you not think "New Jersey"? That's where its U.S. operations has been headquartered: Montvale, New Jersey. But like many a car company, Mercedes is moving South. We travel to Atlanta to look at what's fueling the trend. Plus, a developer has reached out to Detroit residents to raise money and crowd fund the development of the Old Tiger Stadium in Detroit. We're at the plate with the story.
Airing on Wednesday, Feb. 11, 2015: First up, officials in Greece today are expected to play their opening hand in what they hope is a negotiation over whether the country has to repay all its debt. Greece's new government has set out to ease years of tough austerity. More on that. And starting next week, millions of students will take the first of two rounds of new tests tied to what are called Common Core education standards. The state tests took years and hundreds of millions dollars to develop. Setting aside, for now, the controversy over whether a Common Core of standards is best for students, listen to what goes into building a new test. Plus, as part of its high-profile campaign to address concussions and other football injuries, the National Football League is hiring the President of Brigham and Women’s Hospital in Boston as its first Chief Medical Officer. What will this consulting role entail and is it a sign that the NFL is becoming proactive versus reactive on player safety issues.
Airing Tuesday, February 9, 2015: Who would have thought? News of yet another investigation into a Swiss bank helping Americans hide money. Dr Pepper’s stock is on a tear, while Coke and Pepsi, not so much. Why are the behemoths of the soda business lagging behind the upstart. And South Florida is worrying about the rising ocean flooding much of it and ruining drinking water for what’s left, but you’d never know it from the condo boom in Miami. Why do they keep building like mad? The condos aren’t homes, they’re speculative financial instruments attracting foreign buyers.