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.
President Obama made a lot of claims this week about how his move on immigration will boost the economy. We look at which industries will be impacted most, and how. Plus, one of the jobs of the Federal Reserve is to provide regulatory oversight of banks. But the Fed’s watchers think the relationship between the Fed and the banks is way too cozy, and they’re giving the Fed a hard time on the Hill. Finally, the NFL has moved Sunday’s Bills-Jets game from Ralph Wilson Stadium in snow-covered Buffalo, N.Y., to Monday night in Detroit. A move like that is rare, so we explain the many logistics behind it.
There are an estimated 11.2 million undocumented immigrants in the United States. We examine what changes are coming as potentially millions more are brought into the legal workforce. Plus, the UC system is a classic example of what’s happening in higher education. States cut funding, and the difference comes out of students' pockets. Finally, Mozilla signed a deal with Yahoo to make it the default browser on Firefox, leading to the question ... why?
The New York Fed is a special case: more powerful than other regional Feds, more influential within the Federal Reserve system, and therefore more at risk of being influenced by the big banks. Plus, the Cystic Fibrosis Foundation is set to reap more than $3 billion from an investment in a drug to treat the lung disease. One person's cost to use the drug? $300,000 a year. Finally, the Class Dojo app does a 180 after being outed by the New York Times for collecting classroom behavior data on kids. We look at third-party classroom apps and the push against data collection.
The Senate votes today on a bill to get the Keystone Pipeline from Canada approved. Does the pipeline really matter much at this point? Plus, the morning news slot is very profitable for television networks such as NBC and ABC, bringing in lots of advertising dollars. The recent firing of Jamie Horowitz at NBC's “Today” show, however, indicates that the networks are struggling to get the programming mix just right during this golden moment.
States that count on revenue from oil severance taxes are running into budget problems as oil prices fall, reducing that revenue. Plus, Facebook is said to be working on a new “Facebook at Work” platform that would let users collaborate on documents, chat with colleagues, etc. We look at the growing attention on the enterprise market.
ISIS wants to make, distribute and regulate its own coins, but there are all sorts of problems with creating a currency out of precious metals. Plus, S&P just gave Twitter a BB junk rating. Junk!?!? Does that mean Twitter is destined for the trash pile? Not really. It simply means that it’s carrying a lot of debt relative to its earnings. Finally, car makers are agreeing to voluntary privacy standards for all data being collected by in-car computers. But what data is being collected and how could its use or release affect you?