(Markets Edition) A senior figure at America's central bank — William Dudley — is leaving the New York Fed after eight years. Julia Coronado from MacroPolicy Perspectives is here to explain the importance of this regional branch to America's monetary system. Then, we'll chat with Marketplace senior correspondent Krissy Clark about the new season of our documentary podcast "The Uncertain Hour." She chats with us about this season's theme: federal regulations. Who do they protect? Who has the power and access to write them?
(U.S. Edition) As part of an anti-corruption drive, dozens of Saudi princes and businessmen are under arrest in Riyadh. We'll take a look at some of the key players involved, and how this could affect the planned IPO of Saudi Aramco, which could become the largest-ever public offering. Afterwards, we'll look at a leak of documents, known as the "Paradise Papers," that indicate U.S. Commerce Secretary Wilbur Ross has previously undisclosed business ties to an energy firm owned by friends and family of Russian President Vladimir Putin. And finally, we'll discuss the upcoming House Ways and Means Committee "markup" meeting over the GOP tax bill, along with China's growing role in the fight against climate change.
(Global Edition) From the BBC World Service ... In a move that he says was meant to clamp down on corruption, Saudi Arabia's new crown prince Mohammed bin Salman has jailed over a dozen princes and ministers (though the jail, it should be said, is the Ritz-Carlton) — causing surprise and consternation among the international business community. That's because one of those jailed is Prince Alwaleed bin Talal, who has invested heavily in U.S. companies like Twitter, Apple and Citigroup. Afterwards: they're being called the "Paradise Papers" — a leak of more than 13 million documents that has revealed the investment secrets and tax avoidance strategies of the world's biggest companies — and richest men and women, including U.S. Commerce Secretary Wilbur Ross. Then, U.S. President Trump has complained about Japan's unfair trade policies during his visit to the country. Could this jeopardize Japanese-American trade negotiations?
(Markets Edition) The October jobs report is officially in, and the numbers reveal that the U.S. added 261,000 jobs last month while the unemployment rate dipped to 4.1 percent — the lowest in 17 years. We'll look briefly at whether this labor market is doing as well as it seems, and then chat with Glenn Hubbard, former chair of George W. Bush's Council of Economic Advisers, about the divisiveness surrounding the House GOP's new tax bill. Will this potential tax overhaul actually promote growth? Afterwards, we'll discuss the history of the alternative minimum tax, which this bill wants to ax, and how it works. And finally, we'll give an overview of how the CEO of local news websites Gothamist and DNAinfo has decided to shut them down after a union vote.
(U.S. Edition) The House GOP has finally released its plan for a new tax code, which we'll be trying to decode in the coming days. The first item on our agenda: looking at what Republicans want to do with mortgage interest. The proposed bill would limit the deduction on that to the first $500,000. Afterwards, we'll discuss how Republicans want to treat "pass throughs," where your company's profits are taxed as your income. And then to cap off today's show, we'll chat with Greece's former finance minister Yanis Varoufakis about the eurozone and his issue with Greek people being viewed as a separate group from Europeans.
(Global Edition) From the BBC World Service…Venezuela’s president announced he’ll try to restructure the country’s debt payments in order to offset the effect of low oil prices from the last three years on his country, which has relied heavily on oil revenue. Then, with data leaks almost commonplace, and government storing more personal information in cyberspace, we explore whether privacy issues are the same for various parts of the world. Afterwards, we’ll take you to the London Metal Exchange to meet enthusiastic traders still partaking in day-to-day trading operations … and find out how much life the so-called open outcry model has left.