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.
It sounds cold-blooded, but with shopping habits changing fast, the demise of the brick and mortar store may not matter much to the economy in the long run.
"The Loudest Voice in the Room" is Gabriel Sherman's new book chronicling the legacy of Fox News creator Roger Ailes.
Bank earnings look good, and big banks’ shares are doing well in the markets today. But for some years now, a significant contributor to earnings is simply the release of loss reserves set aside during the Bad Days. When accounting affects earnings so greatly, what’s the value of these earnings reports? Next, the conservative Koch brothers have been spending money for fall campaigns already. They're targeting vulnerable Congressional Democrats who supported the ACA. But most campaigns say a dollar spent this early is a dollar spent unwisely. And finally,Viacom’s new My Nickelodeon Jr. takes personalized TV to the younger set – well, to their parents. Parents can program the TV their kids will watch – sounds a bit like Netflix.
So much for neutrality. A federal court said today the FCC can't force broadband companies to treat all content equally. That means giants like Verizon and AT&T — as well as cable companies — can pick favorites on the web, by slowing traffic from some sites and boosting the speed of others. Also, as American Idol opens its new season, it's easy to forget how influential the show was when it began more than a decade ago. Just as "The Sopranos" changed cable, American Idol shook up the networks. And finally, the Seattle Seahawks are limiting playoff tickets to credit card holders in the region – which rules out 49ers fans with California address. Does engineering a bigger home-field advantage work?
Target took weeks to reveal details of its data breach. Neiman Marcus, too. How do companies decide whether and how to reveal details of data breaches to the public? Next, we look at the updated situation in West Virginia, as residents question whether their water is safe just days after a chemical leak. Finally, we begin our new series that answers your economic questions, like "Why does one rotisserie chicken cost less than two chicken breasts?" and "Why do hotels give you a sewing kit, but not a toothbrush?" Today we examine why your zipper probably has three letters on it: YKK.
The Labor Participation Rate hasn’t been this low since the late 1970s. Who's in? Who's out? Target has upped the total number of customers impacted by its two-and-a-half week data breach to 70 million. A staggering figure that’s a reminder of the volume of shopping that happens in the U.S. consumer economy. California's state budget famously sank during the recession. Now that the state has just as famously turned it around and has a revenue surplus, Gov. Jerry Brown wants the state to pay down debts it piled up during the bad years.