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.
Marketplace’s Sabri Ben-Achour braves the holiday shopping crowds to find out how opening on Thanksgiving Day affected this year’s sales figures. Plus, a look at how U.S. taxpayers are close to getting back all the money they put into the housing giants. Marketplace host Lizzie O’Leary talks with Bloomberg Government’s Nela Richardson and Cardiff Garcia from FT Alphaville for a wrap-up of the week’s business news. And, a lot of fans are calling for USC’s interim head football coach to take the top job permanently, especially after their upset of Stanford a few weeks ago. But as Marketplace’s Mark Garrison reports, that may not necessarily be the case.
The consternation over Black Friday's creeping into Thanksgiving might lead you to believe Thanksgiving has always been a sacred (though secular) space for Americans. Yeah. Not so much. Then, we look at the economics of food philanthropy. Clothing retailer H&M says it's developing a plan to ensure that the people that make their clothes will earn a living wage by 2018. This week, a judge ruled that Sriracha-maker Huy Fong Foods had to partially shut down because of offensive orders coming from their Southern California factory. And, five years on from the worst of the foreclosure crisis, the federal government still owns close to 200,000 homes not yet on the market. Rowan Moore Gerety reports.
The IRS will change some of the ground rules when it comes to the unlimited and anonymous spending that groups have been able to do in political races after the Supreme Court's ruling on Citizens United. Sunday is December 1, which is also a big day for the Obama administration's implementation of the Affordable Care Act. What's the latest on health care? And finally, Thanksgiving week is always a big week for movies, which means this week will be big for the latest movie in the Hunger Games franchise. The film is already going great guns at the box office, but it’s not just kids who are watching.
Men’s Wearhouse turns the tables on its would-be acquirer, Jos. A. Bank. What one suits-for-the-masses retailer has to gain by buying another. The pope dished out a searing critique of capitalism today. But what influence does the Papal office have these days? We take another look at why the 30-year fixed mortgage is our home loan of choice. And finally, the economics of airline cancellations: How airlines anticipate and react to big storms barreling down at peak travel periods like Thanksgiving.
With a six-month agreement in place to thaw some of the restrictions on doing business in Iran, international firms are now making calculations about whether to get involved in that marketplace, or wait and see what comes next. Also, Yahoo! is hiring Katie Couric. It’s the latest in a number of high-priced recruitments by the internet company, but Couric is unusual. She’s older, she’s a TV icon, and she’s a host, not a reporter. Finally, the Affordable Care Act has turned insurance brokers into a legion of private navigators for individuals and families faced with insurance decisions. The brokers are frustrated by the law’s complications and the failures of healthcare.gov, but also have a wave of new business.
Justin Rowlatt of the BBC talks about helium’s impact on the world, and what’s being done to conserve it. Wall Street bankers take a turn on the stand-up comedy stage. Cable TV has been losing subscribers to satellite and phone companies—not to mention a growing online video presence. How will merging Time Warner with another company affect the cable TV business? Social media art sales are breaking down the white walls of the traditional art gallery business model. Now that the rules for breaking a Senate filibuster have changed, what will be President Obama's first move?