Out with the old and in with the new: New York's iconic Lord & Taylor building will become the headquarters of WeWork, a co-working startup that transformed the office leasing business to become the largest leaser of new office space. They're on the up for now, hurtling toward a future as a full-on millenial lifestyle brand with more than 150,000 members worldwide. In other HQ news, we tell a tale of two Dallases, one before and one and after it failed to woo Boeing's corporate headquarters. And there's an uptick in enrollment in historically black colleges and universities. We go to Morgan State University in Baltimore to find out why.
We explore how nondisclosure and nondisparagement agreements isolate victims and protect the reputations of alleged harassers and their companies. Plus, updates on Congress' frantic race toward tax reform, why corn is still king (hint: ethanol lobbyists have been doing their jobs) and the backbone of modern finance: collateralized loan obligation. As it nears its end, we recap one of the most destructive fire seasons in recent history — 9 million acres burned nationwide and $2 billion was spent on firefighting alone. One industry particularly affected in Northern California was marijuana farming, so guest host Adriene Hill tours a decimated weed farm.
Seeking answers on why inflation won't do what everyone expects it to, Kai Ryssdal interviews a former Fed governor. In the world of health care, we investigate why rates of uninsured Americans are up for the first time since 2014 and what type of emergency President Donald Trump will declare the opioid epidemic. Plus, we'll run through this week's steps forward (and backward) in NAFTA renegotiations, tax reform and Trump's impending appointment of the next Fed chair. And we get status updates from Puerto Rico, where power hasn't come back for many residents, and the Florida Keys, where they're busy luring tourists back to the islands.
Kai Ryssdal promised we weren't going to talk about tax reform today, but it kept coming up: Rep. Pat Tiberi's resignation from Congress signals a brain drain of tax code experts in the Ways and Means Committee, which could make tax reform a lot messier. And we checked in with a union leader in Erie, Pennsylvania, who wasn't exactly moved by President Donald Trump's big announcement that tax reform would lead to the rebirth of American industry. But we mostly focused on government regulation of political ads on Facebook and Google, corporate restructuring and how Brexit could trigger a crisis in the U.K. cheese industry.
While that sounds like an opportunity he wouldn't pass up, President Donald Trump is reportedly considering five economists for Fed chair, including current Chair Janet Yellen. Politico's Ben White takes us through the list of potential candidates, weighing them against what Trump is looking for: someone he can relate to and influence, and someone who won't raise rates as he enters the re-election period. All eyes should really be on China right now, where the Communist Party Congress opened today. It's an important meeting that happens once every five years, and today's speech by Chinese President Xi Jinping revealed China's five-year economic plan, which includes valuable information for companies and China-watchers. Next, we go to Minnesota to check in on the wild rice crop, a cornerstone of life for local Native American tribes. And on this week's edition of Corner Office, we talk to Reshma Saujani, CEO of Girls Who Code, an organization dedicated to teaching girls to code and getting more women jobs in tech.
At America's largest ports in Los Angeles and Long Beach, bales of plastic and paper are piling up. Once upon a time, they would have been packed and shipped to Asia, where they'd be turned into consumer goods and shipped back. But China has plenty of its own recycled materials now to sustain the manufacturing of goods, leaving the U.S. with a big problem: where's it all going to go? Maybe it can be hidden in the giant $2.4 trillion hole that the GOP's tax plan would leave in the budget (but it's likelier to end up in storage for now.) The tax plan is a big flip-flop from the fiscal responsibility Republicans have been been preaching, but it's not without precedent — historically, each side cares more about debt when they're in the opposition. Plus, NAFTA negotiations, what's really behind Amazon's choice of location for their secondary headquarters and how Houston's undocumented parents are struggling to receive federal aid for their children as the city recovers from Hurricane Harvey.