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, April 30, 2015: China introduces deposit insurance on Friday. This has less to do with protecting Chinese bank customers' money and more to do with the Chinese government controlling the amount of risk that Chinese banks are taking. Plus: Secret, a social networking app that keeps its users' identities hidden, has just shut down. Now, Secret has announced it’s giving its investors their money back. We look at the reasons behind the unusual move and whether it will have ramifications for other start-ups.
Airing on Wednesday, April 29, 2015: The residents of Baltimore neighborhoods hit by rioting are still in cleanup mode today. There’s clearly an economic cost to the individuals whose property was damaged, but what about the broader economic impact of the social unrest there? We'll look at Baltimore's recent efforts to position itself as a tourism destination. Next: the Securities and Exchange Commission is going to demand that companies are more transparent about CEO pay, so that it's easier for investors see how salaries line up with the companies' stock performance. But CEO pay is already included in company reports. So what does this change, who does it benefit, and why is the SEC doing it now?
All the talk these days is about the likelihood of the U.S. Congress avoiding a fiscal cliff. You know who’s not worried? Warren Buffett. Plus, his views on the next Treasury Secretary, Oreos for breakfast, and taxing the rich.
From the archives: You know who’s not worried about the fiscal cliff? Buffett.
Airing on Tuesday, April 28, 2015: Tyson announced that it will stop routine feeding of antibiotics to chickens. But the USDA reports the dispensing of antibiotics to livestock like cattle and hogs continues to grow. Plus, Charles Koch says his company, Koch Industries, will no longer ask job applicants to check a box attesting to whether or not they’ve been convicted of a felony in the past. He joins a national movement that seems progressive on its face, yet includes a number of prominent right-wingers. What’s in it for these companies to “ban the box”?
Airing on Monday, April 27, 2015: For-profit Corinthian Colleges Inc. says it will close its remaining campuses, displacing thousands of students. The business has struggled since the Department of Education cut off access to federal student aid over graduation rates and allegations of falsified job placement rates. There are also state investigations, and a lawsuit from the Consumer Financial Protection Bureau. We check on government regulation of the industry, and on the broader for-profit education sector.
Next: say you're a restaurant chain, and you decide using non-GMO ingredients was a smart business strategy. What would it take? For Chipotle Mexican Grill, it took two years to be the first restaurant to have no GMOs, and it started with a fairly simple menu.