Every weekday on Marketplace, Kai Ryssdal hosts a lively and unexpected exploration of the day’s business and economic news from Wall Street to your wallet.
Airing on Thursday, May 21, 2015: This week’s oil spill off Santa Barbara’s coast may be small, but this is where the modern environmental movement in the U.S. had an awakening. A large oil spill in the region back in 1969 helped spur the creation of groups like the Natural Resources Defense Council. Next: CVS is seeking to buy pharmacy services provider Omnicare for about $13 billion, including debt. We look at the thinking behind the bid.
Airing on Wednesday, May 20, 2015: Five of the world's largest banks, including Citigroup and J.P. Morgan Chase, have been fined $5.7 billion for manipulating foreign exchange rates. The institutions rigged the benchmark London interbank offered rate, or LIBOR. We look at why LIBOR is important and matters to all of us. Next: One country’s currency manipulation is another’s monetary policy. Adding currency controls to the Trans Pacific Partnership is mired in controversy. We explain why by looking at the arguments for and against the partnership, and why this puts the U.S. in a tricky spot.
Airing on Tuesday, May 19, 2015: The San Francisco Federal Reserve suggests an improved way to crunch official growth statistics. The director of research at the San Francisco Fed says that there should be a second, final seasonal adjustment to GDP data—on top of the seasonal adjustments the Bureau of Economic Analysis (BEA) currently makes. Next: a new report shows that ethics continue to be an issue on Wall Street. Nearly one-third of those making more than $500,000 said they “have witnessed or have firsthand knowledge of wrongdoing in the workplace.” Why do the incentives of finance lure people to do wrong? And why is that so hard to change? We explore.
Airing on Monday, May 18, 2015: Target is demoting packaged foods, promoting them less as it emphasizes produce and organic foods in its grocery departments. We take a look at how this could impact big food companies and what Target customers might expect to see on shelves. Next: the White House is providing grants to local police departments in exchange for adopting suggestions set by President Obama's post-Ferguson Task Force on 21st Century Policing, which include wearing body cameras. We explore whether these departments will accept the grant offers.
Airing on Friday, May 15, 2015: The publisher of “Clinton Cash” has put out a revised version of the book, correcting several factual errors that were in the text. There's a debate in the publishing industry about the best practices publishers should use when making corrections to digital books, given that it's a fairly new phenomenon. We explore how experts think digital corrections should be issued to e-books. Next: Secretary of State John Kerry is off to Beijing this weekend, amid tensions in the South China Sea as China seeks to build islands in the region. We look at the controversy over China's plans.
Airing on Thursday, May 14, 2015: The U.S. Department of Agriculture has plans to roll out certifications for foods that are "GMO-free"—at the request of a multinational food company. We explore why the move has prompted backlash from some groups. Next: candidates gunning for the U.S. presidency often release their own books, despite the fact that many of the ones authored by presidential hopefuls have short shelf lives. We look at why they’re still being written.