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.
Following on Bank of America's $16 billion settlement with federal regulators, Mark looks at this broader question, “After five years and dozens of settlements, where are we?" We look at what reassurances homeowners, investors, and governments now have. Plus, Russia is banning food imports from the West as retaliation against sanctions. How will this effect U.S. agriculture, which was already hit last year by a ban on beef imports because of an additive used here. Finally, we chat with the studio behind "Sharknado" and many, many other great bad movies.
Rebuilding Gaza after Israel’s attacks will cost billions. But that’s simply to restore Gaza to a prison refugee camp. What would it take to create a true Gaza economy? Plus, we look at the calculus a consumer facing company like Walgreens makes when it’s considering an inversion, particularly when it factors in the effects of adverse public pressure.
The media company Gannet, which owns the newspaper USA TODAY, announced plans to separate its broadcast and digital division from its publishing division. The company added that this move will give the new separate companies ‘increased opportunities to grow organically’. Why has Gannett made this move now and will it pay off? We investigate. Plus, President Obama announced that U.S. corporations have pledged $14 billion worth of investments in African countries. We look at the kinds of projects U.S. companies are pursuing in Africa and where they are happening. Also, the DOJ is investigating GMs auto loan business amid speculation of fraudulent. The auto loan business isn’t so big that a loan freeze will create a systemic problem for the financial system, but if the government clamps down, people will suffer.
John Bemelmans Marciano says the U.S has basically gone metric, if not officially.
Portugal is dealing with the thorny issue of the near collapse of the Banco Espirito Santo by using the not-so-new solution of spinning off the bad assets in the bank. It's called a good bank-bad bank strategy, and we last saw it used during the financial crisis. We investigate. Plus, the Mayor of Toledo, Ohio, says resident can drink tap water again...if they want to. But with algae blooms increasingly common in Lake Erie, what does the future hold for the water supply for Toledo and many other cities?
What we have here is a jobs recovery without a wage recovery. We look at why more Americans are working, but average wages aren't even keeping up with inflation. Plus, Procter & Gamble says it’s going to get rid of half its nearly 200 brands. How did that happen, in a company famed for its highly focused brand management? Also, Auto sales are intriguing this quarter. They're not as good as analysts had expected, but those expectations were very high. We look at why cars are selling so well right now.