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.
Four billion people in the world lack Internet access. Facebook and a group of tech giants have launched an initiative to sign more of them up for Internet access. The project -- and goal -- is philanthropic, yes. But could more Internet users mean more Facebook accounts? The White House is facing pressure to pay its unpaid interns, to allow more students from lower-income backgrounds to apply. But who are White House interns anway?
Besides direct financial aid that the U.S. provides Egypt, the U.S. military also helps educate Egyptian military officers. On the other hand, the Egyptian military spends a lot of the money it gets from the U.S. on military contracts with American firms, such as General Dynamics and Lockheed Martin. Also, social networking site LinkedIn lowered its sign up age to 14 and will start trying to work with college students and high-schoolers to start networking. And most importantly: Isn’t LinkedIn for parents?
JPMorgan Chase is facing six federal investigations or lawsuits, making it in line to unseat Bank of America as the bank with the most legal problems. Plus, Merck has pulled, at least temporarily, a supplement widely used to bulk up cattle at feedlots. The supplement became popular as the cost of feed rose and now eliminating this and similar supplements would shrink the country’s meat supply and possibly raise prices. Finally, the upheaval in Egypt is terrible for the Egyptian economy. Businesses can’t operate and foreign companies are running in the other direction.
The death toll in Egypt keeps mounting. What's it like trying to run a business in the midst of all the chaos? In the U.S., there's confusion about Obamacare and how it will work. That's giving scammers an opportunity. Why are more women taking unpaid internships? It's a "major" issue. Our Weekly Wrappers break down the latest new from Wall Street. Also, this weekend, FOX launches two cable sports channels it hopes will bring down ESPN. Will it work? Host Kai Ryssdal checks in from Sioux Falls, S.D., as part of the latest in our "American Futures" series. And would you buy a wine with the label, "For dummies?"
A new report by Goldman Sachs reveals half of the homes bought last year were purchased with cash. What's that say about America's housing recovery? Walmart reported disappointing earnings today. So, what are shoppers buying these days anyway? Small businesses have reported higher optimism about the state of the economy. Two owners tell us why it's the right time to open up for business. Plus, how is the international business community reacting to what's going on in Egypt? And stories on NBC's big bet on soccer, why beer consumption is on the decline, and how new domain names could change the way we use the Internet.
Egypt has declared a state of emergency. What's that mean for its economy? Trader Bruno Iksil, nicknamed the "London Whale," is cooperating with the government in its case against JP Morgan. Who should be worried? In the U.K., tempers are flaring over the possibility of the government drilling fracking holes in the countryside. In California, farm workers are headed to the office of House Majority Whip Kevin McCarthy to persuade him to advance immigration reform legislation in the House. Also, a look at what hummus wants to do with sports fan and why Coke is running an ad defending artificial sweeteners. Plus, a Los Angeles-based artist discusses her latest work, "Dream Home Resource Center."