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.

Donna Karan leaves behind a fashion legacy

11 hours ago
Kai Ryssdal and Daisy Palacios

Over the last two decades, Donna Karan International has been one of the biggest brands in the fashion industry. Founder and chief designer Donna Karan announced on Tuesday that she was leaving her namesake company to focus on other projects.

Fashion journalist Kate Betts says that Karan has left a clear impact in the world of fashion.

“She designed for women in a way that was very sensuous and much more feminine than previous looks for women,” Betts says.  “It was a revelation for many professional women.”

Marketplace for Wednesday, July 1, 2015

12 hours ago

Airing on Wednesday, July 1, 2015: Puerto Rico is in dire financial straits.  So what, you might shrug. Well, if any of your money is invested in a municipal bond fund, you might own Puerto Rican bonds, and they could take a hit. Marketplace's Adam Allington finds out who’s vulnerable. Next: Speaking today in Tennessee, President Obama will try to court conservative states to expand Medicaid under Obamacare. We unpack his sales pitch on using federal dollars to help states’ bottom lines.

The Obamacare sales pitch

12 hours ago
D Gorenstein

It’s been almost a week since the Supreme Court’s momentous ruling that further cements the Affordable Care Act as the law of the land, and Wednesday President Barack Obama flew to Nashville, Tennessee, to talk about health care.

While some consider this a bit of a victory lap, the president’s choice of Tennessee suggests it’s much more of an overture.

Checking in with the secretary of commerce

13 hours ago
Daisy Palacios and Kai Ryssdal

From the Export-Import Bank to the Trans-Pacific Partnership deal, a lot has been happening in the commerce world. We sat down with Secretary of Commerce Penny Pritzker to discuss the latest commerce news.

The Export-Import bank officially closed Tuesday — a move Pritzker wants reversed. 

“We need to re-establish and reauthorize the Export-Import Bank. This is a critical tool to keep U.S. businesses competitive in the global economy," Pritzker says.   

Ford and Chrysler sales kicked into gear for June

13 hours ago
Mark Garrison

Two of the Big Three American automakers — Fiat Chrysler Automobiles and Ford Motor Co. — are reporting nice gains in their June sales, according to numbers out Wednesday. A stronger job market and easy access to credit are spurring many Americans to trade up from the older cars in their garages.

But that’s not the only reason carmakers are happy these days. A booming housing market is also a factor: contractors are breaking ground on more homes, which means they’re buying more trucks.

Sports contracts can pay more when they pay later

14 hours ago
Jeff Tyler

Just like the lottery, sports contracts can pay more when the profits are spread out over time. For example, let’s consider two of, arguably, the most bone-headed (or brilliant?) sports contracts of all time. The deal to fold the St. Louis Spirits has been called one of the best sports deals of all time. The contract has been so profitable that it’s used as a textbook example by business school professors. During basketball season, the deal inspires sports reporters to ask, “Would you believe a team that doesn’t exist still makes $17 million a year?”

PODCAST: The strong dollar

22 hours ago
David Brancaccio

With emergency funding drying up, the Greek government sends a letter to creditors saying it might accept terms of a bailout. More on that. We'll also talk to Allan Sloan of the Washington Post about how the strong dollar is ironically helping U.S. businesses.

Airing on Wednesday, July 1, 2015: Greece's prime minister has reportedly sent a letter to the European Commission agreeing to most of Europe's conditions for a financial bailout. We'll talk to Elena Panaritis, chief economic adviser to the Greek Ministry of Finance, for more. Plus, starting Wednesday, career and vocational programs are facing tougher regulations that have been years in the making. The new so-called “gainful employment” rule is meant to crack down on programs that load students up with debt for courses that don’t lead to decent jobs.

Amy Scott

Starting Wednesday, career and vocational programs are facing tougher regulations that have been years in the making. The new so-called “gainful employment” rule is meant to crack down on programs that load students up with debt for courses that don’t lead to decent jobs. The rules especially target for-profit colleges, which often make close to 90 percent of their revenue from taxpayer dollars.

Puerto Rico's exodus: vicious cycles and silver linings

23 hours ago
Sabri Ben-Achour

As Puerto Rico slides deeper into financial distress, flirting with default on July payments on its $72 billion debt, Puerto Ricans are leaving the island. They have been for a decade, in the largest outmigration since the '60s. 

“There’s so much uncertainty about what’s going to happen in Puerto Rico, it’s kind of crazy,” says Carlos Aponte, a 29-year-old native of San Juan who moved to New York last year so that his wife could pursue her medical residency.

The job opportunities here are a world away from on the island.   

We're so over you, millennials

23 hours ago
Nancy Marshall-Genzer

Move over, millennials. Marketers are zeroing in on the next generation — people still under 18 — whom they’re calling centennials.

Advertising giant WPP has just announced a new partnership with the Daily Mail newspaper and Snapchat. Why Snapchat? It has a reputation as the app for teens. So that’s where advertising money is going. 

Please place cash in the overhead compartment

23 hours ago
Tony Wagner and Tobin Low

115

That's about how many countries Apple Music and the Beats 1 radio station are available in. The streaming service launched Tuesday to solid reviews, but that doesn't mean it's the right one for you. Confused by all the different options out there to stream music? We're here to help with a chart that will help you decide.

12 percent

The secret work life of bees

Jun 30, 2015
Kai Ryssdal and Mukta Mohan

The USDA estimates that honey bees are worth $15 billion a year in agricultural value. The bee is responsible for as much as one in every three mouthfuls of food that we eat.

Marketplace for Tuesday, June 30, 2015

Jun 30, 2015

Airing on Tuesday, June 30, 2015: Puerto Rico is in dire financial straits, with its governor saying it cannot pay its $72 billion in debt. He wants to defer payments and negotiate with creditors. We look at what Puerto Rico's options. Next: President Obama announced Tuesday that he will update labor rules to allow workers extra pay for work beyond 40 hours.

Facing huge debt, Puerto Rico weighs its options

Jun 30, 2015
Nova Safo

Puerto Rico's legislature plans to vote on a budget proposal on Tuesday that would cut hundreds of millions of dollars in spending, in an effort to stave off a looming debt crisis that is larger, by several factors, than the one that bankrupted the city of Detroit.

Unlike Detroit, the U.S. territory cannot declare bankruptcy, because it is treated like a state under federal bankruptcy law.

Londoner crowdfunding cash for Greek bailout

Jun 30, 2015
Kai Ryssdal

Here's the latest entry in "Hey, let's see if we can crowdfund this thing." 

There's a new account on Indiegogo called the "Greek Bailout Fund" set up by Thom Feeney, a 29-year-old from East London.  

Here's an excerpt from the page

University of Phoenix to shrink enrollment

Jun 30, 2015
Amy Scott

One of the biggest colleges in the country is about to get a lot smaller. The University of Phoenix has announced plans to close programs, shrink its enrollment and introduce new admissions requirements for students.

The entire for-profit college industry has been under pressure for years now, as lawmakers, regulators and student advocates have pushed back against a business model that left many students deep in debt — often without degrees to show for it.

Scott Tong

President Obama proposed Tuesday to expand overtime eligibility to salaried workers. Currently, fewer than one in 10 workers qualify, but the proposal would boost that to four in 10.

Under the current rules, salaried workers making more than $23,660 a year are ineligible for overtime pay, under federal law. The White House plan would boost the threshold to any worker making up to $50,440.

Pushing back against a new wave of piracy

Jun 30, 2015
Sam Harnett

It's popcorn time, and the TV and film industry doesn't like it.

Popcorn Time is one of many new programs that allow users to stream movies without paying for them, causing serious concern in the movie industry (Netflix says piracy has become one of its biggest competitors).

When users log onto Popcorn Time, they can stream a bunch of old and new movies and TV shows. They can watch any of the titles with just one click, or swipe of a finger. There's now even a Popcorn Time app so users can watch stuff on tablets and phones. 

Which music streaming service should you get?

Jun 30, 2015
Meg Cramer and Tony Wagner

The Greek debt crisis by the numbers

Jun 30, 2015
Marketplace staff

The need-to-know numbers about the Greek debt crisis, explained by Paddy Hirsch.

Produced by Preditorial | www.preditorial.tv

Writer and Host: Paddy Hirsch

Director and Edtor: Rick Kent

Director of Photography: Anton Seim

Producer: Mimi Kent

PODCAST: Greek credit cards

Jun 30, 2015
David Brancaccio

Greece and the faulty assumption that everyone has access to a credit card. We'll check in on how Greek citizens are handling the banks being shutdown there. Plus, the Export-Import Bank’s charter expires at midnight Wednesday: we look at how this leaves it in an awkward state of limbo. And Apple's new music streaming service launches today. We'll talk about what to expect.

Airing on Tuesday, June 30, 2015: Banks are rationing cash, European creditors are closing in — Sounds like the current situation in Greece. But that was Cyprus, two years ago. What was learned and will Greece heed any of those lessons? Plus, President Barack Obama is moving to make millions more Americans eligible for overtime pay. More on that. And in Nairobi, Kenya, an upscale mall attacked by terrorists is preparing to reopen. Kenyan officials plan to reopen part of the mall on Wednesday, but as we find out, not everyone is happy about it. 

Conversations about mobility, live from Aspen

Jun 29, 2015
Marketplace staff

Monday's Marketplace was broadcast live from the Belly Up in Aspen, Colorado, and the Aspen Ideas Festival. We took a break from the usual Marketplace format for a series of conversations all around one theme: mobility and the economy.

Economic mobility (or lack thereof) in Greece (starts at 01:10)

First things first: we had to talk about Greece. The European Central Bank froze funding to Greek banks. As the latest deadline for the country looms over its creditors and citizens, tensions are understandably high.

SCOTUS rules against EPA regulations

Jun 29, 2015
Alberta Cross, Adrienne Hill and Scott Tong

The Supreme Court handed President Barack Obama two victories last week: the Affordable Care Act will keep its subsidies and same-sex marriage became legal in all 50 states. But in a 5-4 decision on Monday, the Supreme Court decided against the Environmental Prote

Marketplace for Monday, June 29, 2015

Jun 29, 2015

Airing on Monday, June 29, 2015: Marketplace's Kai Ryssdal is bringing the news to you from the Aspen Ideas Festival. First: Kai talks to David Leonhardt of the New York Times about the breaking news of the day and what it has to do with mobility. Plus: mountaineer Chris Davenport and Ted Sarandos, Netflix chief content officer, talk to Kai about the mobility of content and competition.

Europeans take refuge in gold

Jun 29, 2015
Kai Ryssdal

Let's circle back to the lack of mobility Greeks and their money are dealing with right now.

Bloomberg News is reporting that Europeans have been buying gold — traditionally the safest of safe havens — at quite a clip this month.

The U.K. Royal Mint says sales of gold coins to Greeks was "double the five-month average in June." 

PODCAST: Cameras in the workplace

Jun 29, 2015
David Brancaccio

With the Greek public being asked to vote on Sunday to approve or reject the terms of the EU's latest financial bailout, the immediate question is how to keep the economy going between now and then. More on that. Plus, we'll talk about the case before the Supreme Court involving Environmental Protection Agency regulations of power plant emissions. And Police departments all over the country are frantically ordering body-cams and dash-cams for their patrol officers these days.

Puerto Rico faces debt deadline

Jun 29, 2015
Sabri Ben-Achour

Puerto Rico is staring down a deadline on July 1st when some of its $72.3 billion in public debt will come due. There’s the $630 million payment on general obligation bonds, and the Puerto Rico Electric Power Authority owes money on its $9 billion debt.  

Afghanistan increases opium production

Jun 29, 2015
Nova Safo

The United Nations Office of Drugs and Crime says in a new report that global opium production has reached record levels not seen since the 1930s, mainly due to increased cultivation in Afghanistan.

Thomas Pietschmann, co-author of the U.N. report, says it is meant as a warning that the world is sitting on vast amounts of opium, not all of which has reached drug users.

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