The federal tax overhaul goes into effect today, now the real fun begins for accountants. CPAs and tax lawyers around the nation have spent their holidays parsing the bill to figure out how it could help or hurt their clients. Also of today, 18 states and 20 cities have new higher minimum wage requirements. The wage hikes run across the country, from Maine to California. Then you have cities doing their own thing, setting a higher local minimum wage than the state overall. What does this patchwork of minimum wages mean for businesses? Also on today's show: Predictions for the tech in 2018. What's going to happen with net neutrality? What's the next tech controversy? Are consumers starting to put their phones down?
Spandex, yoga pants, and Lycra aren't just for Pilates classes anymore. They're infiltrating the American wardrobe, and it's plaguing the already beleaguered cotton industry. Plus, there are $2 billion worth of bitcoin transactions every day. Some governments, like South Korea, want to regulate speculation on the volatile cryptocurrency. And this holiday weekend, you may find yourself watching a football bowl game. It's a tradition that dates back to the first Rose Bowl game in 1923, but why has the schedule ballooned to 40 bowl games a year?
Trillions of dollars in payments each year occur via mobile apps like Alipay in China, where the cashless society of the future is here. You can even pay for your fried chicken with facial recognition technology. We’re eschewing conventional finance rules in the U.S., too, or at least Chelsea Fagan is. She talks to Adrienne Hill about her new book, “The Financial Diet,” which offers personal finance advice a little differently than we’re used to. Plus, a look back at the year’s energy news, how one lab researching serious infectious diseases is expanding to keep up with the increasing rate of outbreaks, and a first-hand account of the invention of the digital camera.
But not the easiest time to be a taxpayer. Should you prepay for 2018 to avoid an impending deduction cap? Is it time to incorporate? How can you get the maximum benefit? We ask experts to help navigate these questions. And during his campaign, President Donald Trump made reviving the coal industry a signature goal. We go to coal country and talk to miners taking this promise to heart. Plus, man versus machine: Every medical office has one, but should fax machines be outlawed? And why is the McDonald’s McFlurry machine such a disappointment?
This holiday season, many retailers saw 5 percent increases in sales from last year, and higher-end products did well. We speak with Ellen Davis of the National Retail Federation, who chalks it up to economic security, or maybe you're just really nice. In today's energy news, what the world's fastest battery means for energy-storage technology and fossil-fueled power plants, and how uranium companies in the U.S. are getting ready for India and China's hundreds of new nuclear reactors. Plus, we reflect on the busy holiday season with Ann Arbor's Zingerman's Bakehouse, whose new cookbook features recipes for chestnut flour baguettes and Detroit style pizza.
Your regularly scheduled episode of Marketplace is coming later today, but for now we have a special investigation from the team at The Uncertain Hour. When OxyContin went to market in 1996, sales reps from Purdue Pharma hit one point particularly hard: Compared to other prescription opioids, this new painkiller was believed to be less likely to be addictive or abused. But recently unsealed documents in this investigative episode shed light on how the maker of OxyContin seems to have relied more on focus groups than on scientific studies to create an aggressive and misleading marketing campaign that helped fuel the national opioid crisis.