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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.

Marketplace for Tuesday, July 26, 2016

Jul 26, 2016

Facebook has pledged to build 1,500 units for general public housing in response to major housing shortages in Silicon Valley; New York City's Metropolitan Transit Authority announced plans to shut down the L train for 18 months to repair damage from Hurricane Sandy; and why New York City may be at risk of losing its title as the world's financial capital.

Starbucks loosens up its dress code

Jul 25, 2016

Changes are coming to your local Starbucks.

The company's out with a new dress code. There's an official lookbook and everything, in which we learn hair coloring is now OK, fedoras are fine but not bucket hats with patterns, slouchy ski caps yes — but not if they have a pompom.

Shorts work, but not leather pants.

Socks with a pop of color are fine, but not if they distract from your outfit.

What would replace the WTO if Trump got rid of it?

Jul 25, 2016

Donald Trump is making more news on the trade front. On "Meet the Press," he threatened to pull the U.S. out of the World Trade Organization. 

There’s a problem with that. The WTO is the place the U.S. goes to block unfair trade practices, like the ones Trump complains about. 

On "Meet the Press," Trump called the WTO a "disaster.” But it turns out, the U.S. has had pretty good luck using the WTO to block China. 

It's been seven years since the federal minimum wage went up to $7.25, but in that time minimum wage earners have lost 10 percent of buying power to inflation, the Economic Policy Institute noted today.

After Brexit vote, luring London businesses to Berlin

Jul 25, 2016

Not long after the Brexit vote, a truck with a billboard on its side started driving around London, with the message: Dear Startups, Keep Calm and Move to Berlin. It was sponsored by a German political party trying to get companies based in the U.K. to shift their operations to Germany. The big question now is, will they?

Germany, and to some extent France, are trying to pull off what you might call "economic land grabs" — wooing companies, and people, who would otherwise have been based in Britain.

RIP Yahoo, 1994 to 2016

Jul 25, 2016

Yahoo is dead. News of Verizon’s purchase of the once-high-flying internet company began to trickle out over the weekend. The $4.8 billion deal for Yahoo’s operating business was announced Monday. The name and some aspects may survive after all is said and done, but Yahoo time as an independent company has run out.

Why some towns are un-paving their roads

Jul 25, 2016

Some towns in the U.S. don't have the cash to fix their pot-hole laden paved roads. So instead, they're ripping them up and replacing them with gravel. Aarian Marshall is a staff writer at Wired and wrote about the benefits and downsides. Marketplace's Kai Ryssdal talked to her about the practice.

Click the audio player above to hear the full story.

How do authors make money from library books?

Jul 25, 2016

You’ve probably got some music on your phone, or you might stream it through apps like Spotify or Pandora. Every time you click on one of those songs, the artists gets a little bit of money. And yet, it's called your music “library.” But when you check out a book from the library, it's free. Well, it's sort of free.

Marco Marin was looking through the online catalog at a kiosk in the lobby of the Los Angeles County Central Public Library. He said he goes there to check out books at least once a week. He likes apocalyptic tales.

A well-paid CEO does not necessarily equal a high-performing company, according to a study released Monday. In fact, it seems more likely you're getting a lot less bang for your buck.

Research firm MSCI tracked roughly a decade of performance and pay for some of the highest-paid CEOs in the U.S., and found that higher-paid CEOs underperform when comparing their companies to those of their lesser-paid counterparts.

The death of email may be exaggerated

Jul 25, 2016

The latest big email hack, involving 20,000 emails from the Democratic National Committee, has Democrats in damage-control mode as their convention starts. There have been many, many others. And they all reinforce the notion that email just isn’t secure.

People have been saying for years that email is going to die, that one day people are just going to stop using it. That’s what people told Eva Galperin, global policy analyst at the Electronic Frontier Foundation.

The financial role of a party's political chair

Jul 25, 2016

On today's show, we'll talk about the resignation of Debbie Wasserman Schultz, the chairwoman of the Democratic National Committee, and the broader question of how a political chair can affect fundraising efforts; China's decision to shut down several online news operations; and a North Texas town run entirely by students. 

Economy is fodder for politics

Jul 25, 2016

The state of the economy will affect voters’ decision making in November and also provide talking points for both parties’ presidential candidates on the stump.

Economist Michael Strain at the American Enterprise Institute said that a midsummer snapshot shows a pretty healthy U.S. economy.

“For July 2016, I think you’d have a very good grade,” said Strain. “The last jobs report was extremely good. The unemployment rate is quite low. Stock prices are looking good.”

And consumers appear confident, as their spending has been very strong in recent months.