(U.S. Edition) Our Social Security program will have to dip into its reserves to meet payouts — the first time since the early '80s — and the primary trust fund for Medicare is expected to be depleted three years earlier than projected. On today's show, we'll look at some of the factors driving this trend, including last year's tax cuts and changing demographics. Afterwards, we'll look at news that the former CEO of Cambridge Analytica, Alexander Nix, allegedly withdrew $8 million from the company amid the Facebook data scandal, and then we'll talk about a plan from the U.S. Department of Housing and Urban Development that could raise rents for millions who get federal housing assistance. (06/06/2018)
(Global Edition) From the BBC World Service … Italy’s new prime minister faces a second vote of confidence in the lower house today. In his first policy speech, he confirmed several goals, including adopting a tough stance on migrants and a rejection of austerity measures. But is it what investors were hoping to hear after last week’s market turmoil? Then, Qatar Airways’ boss this morning has apologized for saying his company was led by a man because it is a “very challenging position.” We chat about why businesses shouldn’t approach gender equality as women needing to break through a glass ceiling … but rather build up from a concrete floor.
(Markets Edition) The latest numbers on job openings, also known as the JOLTS report, is set to come out soon. We'll hear from one global strategist about how the report can reveal the upsides and downsides of at tight labor market. Afterwards, we'll look at what lawmakers have included in the federal budget to combat wildfires, and then explore how some Texas colleges are launching food scholarships to fight hunger on campus (06/05/2018)
(U.S. Edition) The GOP tax law requires companies to pay a "repatriation tax" of about 15 percent on overseas profits, and is aimed at big multinationals like Apple and Google. But on today's show, we'll look at one group that's unexpectedly getting impacted by this measure: small businesses. Afterwards, we'll look at what the rise in crude oil prices means for the airline industry, and then we'll talk about how one Ohio area is renovating a home as an example to encourage young people to renovate their own. According to one economist, rising home prices may mean that the only way in for aspiring homeowners is buying a home that nobody wants and turning it into the home of their dreams. (06/05/2018)
(Global Edition) From the BBC World Service … For the first time in two years, the British government has sold off another chunk of its stake in the Royal Bank of Scotland. But unwinding its financial-crisis era measures comes at a hefty cost for taxpayers. Then, anti-austerity protests are expected to continue for a sixth night in Jordan as people there rally against a new International Monetary Fund-backed tax bill. Afterwards, starting this month, Google has banned cryptocurrency ads from its platform. While the move is intended to protect average investors, some argue a blanket ban might not be the right approach to wrangling the wild west of the crypto. (6/5/2018)
(Markets Edition) Trade talks between the U.S. and China have ended without any agreements. On today's show, we'll take a brief look at some of the sticking points in their negotiations and some of the threats that they've lobbed at one another. Afterwards, we'll discuss Apple's plan to launch a series of tools that might help people spend less time on their phones, and then we'll discuss a new study that finds the GOP tax law actually led some companies to contribute more to defined-benefit pension plans. (06/04/2018)