Marketplace

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Award-winning Marketplace is public radio's daily magazine on business and economics news "for the rest of us." The 30-minute program—with an irreverent reporting style all its own—airs weekday evenings on more than 320 public radio stations nationwide and boasts the largest audience for any business program in the United States on radio, cable or network television. In conjunction with Marketplace Morning Report and Marketplace Money, this trio of financial programming covers listeners from wallet to Wall Street.

A startup sparks conversations with Syrian refugees

8 hours ago
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Reema Khrais

About once a week, Kelsey Norman plops into a chair at her kitchen table in Los Angeles, fires up Skype and dials Asalah Razzouk, a refugee living in the mountains of Lebanon.

A Syrian TV show echoes in the background as the two catch up. They chat about the weather, weekend plans and the trash piling up in Lebanon--all in Arabic. Razzouk listens carefully to Norman’s pronunciation and grammar, ready to give feedback.

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Bruce Johnson

statistical analysis from ProPublica out this week details how a sentencing algorithm that's being used in the administration of justice appears to be biased along racial lines. Julia Angwin is a senior reporter for ProPublica and worked on this.  

Marketplace Tech for Wednesday, May 25, 2016

8 hours ago
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Marketplace

On today's show, we'll talk about Pebble's foray into Kickstarter; a startup that pairs Syrian refugees with people around the world who want to speak Arabic; and Twitter's changes to its 140-character limit. 

Lufthansa will sell you a mystery flight

18 hours ago
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Kai Ryssdal

We talked a lot about air travel Tuesday, here's one more quick story: Lufthansa's doing something interesting.

With Lufthansa Surprise, you buy a ticket, and the airline decides where you go.

You can put some parameters on there, so it's not totally blind, but still.

A record year for Broadway shows

20 hours ago
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Tracey Samuelson

The 2015 -2016 season on Broadway has wrapped up and it was a record year — more than $13 million theatergoers shelled out $1.3 billion to see live theater, according The Broadway League, a trade association. The caveat is that not all shows are created equal.

Click the player above to hear more about the state of the theater business. 

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Donna Tam

About 3 million young people — mostly black and Latino youths — are neither working nor in school, reflecting a larger issue of access to education and job preparation, according to a study released Tuesday from research nonprofit Brookings.

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Kai Ryssdal

The Bill and  Melinda Gates Foundation is the largest private foundation in the world. Its CEO, Sue Desmond-Hellmann, talks about Big Philanthropy, partnering with private businesses, and why the worst inequalities won't be solved quickly.

Fraud in the Medicaid system

May 24, 2016

On today's show, we'll talk about how homebuilders are starting to cater to high-income consumers; the failure of state and federal health officials to conduct criminal background checks on high-risk health providers; and a submarine project in Connecticut that could be potentially worth $100 billion.

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Lane Wallace

In a big upset for federal prosecutors, an appeals court in New York  on Monday threw out an earlier decision against Bank of America and its mortgage lending unit Countrywide.

The Department of Justice had accused Bank of America and Countrywide of fraud, saying Countrywide misrepresented mortgage loans sold to Fannie Mae and Freddie Mac in 2007 and 2008.

New home sales lag overall market

May 24, 2016
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Mitchell Hartman

The U.S. Commerce Department reports new home sales for April on Tuesday. A small increase is expected from the 511,000 annual rate reported for March.

Housing been one of the bright spots in the economic recovery, with existing home sales strong, home prices rising, and mortgage rates historically low.

Casino workers now training to build submarines

May 24, 2016
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Howard Jones

The Navy recently picked General Dynamics Electric Boat shipyard in Connecticut to build 12 new submarines, in what could be a $100 billion project. It should secure the future of the yard for the next couple of decades, but in the meantime, hiring thousands of workers presents a few challenges in an economy where manufacturing was on the decline.

After hours at a technical high school in Groton, a small class of men and women gathered around instructor Robert Morelli to prepare for a hands-on measuring test.

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Marketplace

On today's show, we'll talk about a thrown-out fraud case against Bank of America; look at Greece's financial situation; and interview author Paul Tough about his new book "Helping Children Succeed: What Works and Why." 

Marketplace Tech for Tuesday, May 24, 2016

May 24, 2016
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Marketplace

On today's show, we'll check in to see how restructuring efforts at Hewlett Packard and IBM have affected each company; interview author Thomas Davenport about his new book "Only Humans Need Apply," which argues that the future of business success will require machine-human collaboration; and meet the man behind Google Doodle, Ryan Germick. 

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Amy Scott

One of the buzzwords in education these days is "grit."

Research suggests that qualities like perseverance, conscientiousness and self-control are as crucial as "academic" skills for excelling in the classroom.

Writer Paul Tough has been looking at the latest research on how those so-called noncognitive skills are developed in young children — starting in infancy — and why kids growing up in poverty or in stressful environments are often at a disadvantage.

He joined our Morning Report show to talk about his new book, "Helping Children Succeed: What Works and Why."

The presidential effect on foreign business deals

May 23, 2016
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Sabri Ben-Achour

Boeing has made a deal to sell aircraft to VietJet.  GE Wind will partner with the Vietnamese government to develop windpower.  Pratt & Whitney will sell advanced engines to Vietnam. 

All these deals are announced just as President Obama is in Hanoi to put an end to a decades long arms embargo and highlight improving ties with the former adversary. 

Marketplace for Monday, May 23, 2016

May 23, 2016
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Marketplace

Aircraft manufacturing deals abroad, hospital mergers at home and an interview with Gates Foundation CEO Susan Desmond-Hellmann. Plus: Why are there no ads on most streaming sports?

When mergers fail because of clashing work culture

May 23, 2016
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D Gorenstein

The Wall Street Journal got a hold of correspondence Monday that suggests there may be some tension between insurance giants Anthem and Cigna, two companies that have proposed a $48 billion merger.

Apparently the two firms don’t see eye-to-eye on several matters, including submitting merger documents to federal anti-trust officials. It could be a sign of fraying nerves as regulators scrutinize the deal, or a lack of leadership and communication.

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Kai Ryssdal

Here's a chance to get something special for the big "Mad Men" fan in your life.

Lionsgate is auctioning off a bunch of old props. 

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Kai Ryssdal

Last week, Sumner Redstone, majority owner of CBS and Viacom, kicked Viacom CEO and protégé Philippe Dauman off the trust Redstone setup to run things after his death. Suits and countersuits have been filed as the Redstone saga continues.

William Cohan is a contributing editor at Vanity Fair where he’s reported on the Redstone story extensively. Cohan spoke with Kai Ryssdal about how the case is progressing.

Who is Sumner Redstone and why does he matter in corporate America?

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Amy Scott

Every Wednesday, the teachers and staff at Lanier High School wear college T-shirts and sweatshirts to work. Lanier is in Austin, Texas, so there’s a lot of burnt orange – for the University of Texas.

“It just makes you wonder, ‘what if I went there?’” said Janet Aviles, a senior at Lanier.  “I could become one of them, too, like a role model.”

What's up with no commercials when you stream?

May 23, 2016
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Andy Uhler

If you’ve ever watched a live sporting event online, you might notice something different about the commercial breaks. That is, sometimes there just aren’t any commercials. Just music, like you're on hold.

ESPN, Turner Broadcasting and some online-only media people said there's a lot going on here. Craig McAnsh, chief marketing officer at Infrared Experience Marketing, said things are changing fast, but marketing hasn't caught up.

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Kai Ryssdal

The Bill & Melinda Gates Foundation is the largest private foundation in the world. Launched in 2000, the organization aim to enhance healthcare and extreme poverty, as well as expand educational opportunities.

Home sales may be turning around

May 23, 2016

On today's show, we'll talk about increased cooperation between the U.S. and Vietnam; home sale predictions; and the struggles for parents during summer break. 

For working parents, summer break is no vacation

May 23, 2016
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Rowan Moore Gerety

Over spring break, Wanda Gomez said her sons knew exactly where they wanted to spend the afternoon. “They said, today’s a pool day, but like, we cannot go to pool, because I have to work,” she said.

That’s how it goes all summer long. For many parents, public school offers an important benefit beyond education: free child care. Gomez has a 5 year old and a 14 year old, and she often brings them along to her job, registering new voters outside a local grocery store. “It’s more difficult when they start, ‘Mommy, I’m hungry; Mommy, I’m tired; Mommy, I’m thirsty,’" Gomez said.

Will work for Tesla

May 20, 2016
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Kai Ryssdal

This final note today, which comes with the following caveat.

A couple of years ago, also on a Friday, as it happens, I made a joke about how that day was gonna be my last day hosting this program because I'd discovered a company in Florida that had Beer Cart Friday every week.

The boss came by with a beer cart and gave out free beer.

What's not to like, right?

Well, let's just say not everyone realized I was kidding, and I got something of a talking to.

So to repeat, this is not that.

Weekly Wrap: Who cares about a trade war?

May 20, 2016
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Kai Ryssdal

If they hadn't already, the politics of the presidential campaign are definitely bumping up against economic reality now.

"Trade war?" presumptive Republican nominee Donald Trump said at a fundraiser this week. "We're losing $500 billion in trade with China. Who the hell cares if there's a trade war?"

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Kim Adams

Egyptian and French officials are still sorting out what brought down Egypt Air flight 804 on Thursday. Families are mourning their lost love ones as Egypt braces for the broader effects of the accident.

Eleven percent of Egypt’s GDP is tied up in tourism, and the sector has been struggling.  Since the 2011 revolution, multiple — often violent — changes of government, terrorism and now two recent plane accidents are keeping tourists away.

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Kai Ryssdal

In the 1960s, Bob Moog started making synthesizers. Now, more than a decade after his death, the name Moog is synonymous with synth. What’s more, Moog Music the company is going strong thanks to Mr. Moog’s ability to engineer instruments musicians love to play.

Credit card debt soars to nearly $1 trillion

May 20, 2016
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Nancy Marshall-Genzer

It was a long struggle.  But finally, two months ago, 35-year-old Davin Anderson of Cleveland and his wife Kristin paid off their credit card balance, which at one point was as high as $8,000.  The bank just kept raising their credit limit.

“It happened again and again and again,” Anderson said.

Finally, Anderson said, his wife asked the bank to lower their credit limit to $4,000.

“They balked and argued with us a little bit," he said. "Just prying questions — you know, "Why?”

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