(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.
(Markets Edition) One key issue to be looking at as Republicans try to overhaul our tax system: the expiration date of some these changes. Economist Diane Swonk joined us to discuss why it could be a problem if some of these potential tax cuts are just temporary. Afterwards, we'll talk with Phillip Swagel, a former Treasury Department official in the George W. Bush administration, about what Jerome Powell's potential nomination as Fed chair could mean for monetary policy. And finally, we'll look at the $1.2 billion Venezuela owes to creditors, which it could risk defaulting on.
(U.S. Edition) The House GOP is planning on releasing its tax bill soon, and in the plan we'll finally learn more about tax brackets and tax rates. But there's another part of the tax code that's currently very important to many low- and middle-income households: payroll taxes, also known FICA. On today's show, we'll look at what these taxes are and why economists say employers are passing on the costs of this tax to employees in the form of lower wages. Afterwards, we'll look at how the current Fed chair frontrunner, Jerome Powell, might approach future policy. Plus: A conversation with Julie Smolyansky, CEO of Lifeway Foods and an outspoken champion for survivors of sexual assault, about how our culture needs to change.
(Global Edition) From the BBC World Service … On podcasts, billboards and your social media pages, advertisements for meal-kit delivery businesses are nearly inescapable. Today, Berlin-based HelloFresh begins trading in Germany, but will investors gobble up shares after witnessing U.S. rival Blue Apron’s four-month struggle? Afterwards, the CEO of London’s biggest-listed gold miner, Randgold Resources, explains whether he sees the price of the precious metal letting up on the accelerator anytime soon. Then, the Bank of England is set to raise interest rates for the first time in a decade. A founding member of its monetary policy committee explains how much central banking has changed since she was in charge … and how much of an influence the U.S. Federal Reserve’s decision making has in Britain.