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Yesterday, a gunman killed 19 children and two adults at an elementary school in Uvalde, Texas. Today, we revisit a story on gun sales we published after the 2012 Sandy Hook shooting in Connecticut. If it feels like nothing has changed since then, that’s because when it comes to buying guns, nothing has. Later in the program, a look at our aging port infrastructure and a visit to rural Oregon, where mobile home parks are struggling to rebuild after  wildfires.
It’s been roughly six months since AstraZeneca released a COVID-19 antibody treatment called Evusheld, designed for immunocompromised people. But a lack of outreach and unequal distribution has led to a complicated and confusing rollout — leaving millions of vulnerable Americans without protection. Plus, what experts look for in the minutes from Federal Reserve meetings and how high energy prices please investors but burden the economy.
Some economic forecasters are downgrading their outlooks for growth for the rest of the year. Slower growth may actually help ease inflationary pressures but could still leave the economy vulnerable to a recession. Today, we’ll discuss. Also, how lifting tariffs on Chinese imports could ease inflation, the rise and fall of negative interest rates in Europe and the next big thing in higher ed: classes for TikTok influencers.
While the Federal Reserve is raising interest rates to cool down the U.S. economy, China’s central bank is taking the opposite approach to juice its slowing economy. Today, we’ll dig in. Plus, we wrestle with overstaffing at retailers and hear what the infant formula shortage teaches us about market concentration.
Then comes the upkeep. Authorities have confiscated roughly a dozen vessels with connections to the Kremlin, but to keep just one superyacht moored and maintained can cost tens of millions, and the arresting government has to foot the bill. Plus, retailers are stuck with too much inventory, farmers encounter a delayed planting season and classic cars are being electrified.
A thousand-point drop from the Dow is scary, but it wasn’t entirely unexpected either. Inflation cut into retailers’ earnings, spurring a huge market sell-off. The Federal Reserve wants the economy to cool, and the stock market may be taking the hint. We’ll talk about it all on today’s show. Plus: signs of a normalizing housing market, the legacy of California’s board diversity laws and more from our interview with former Fed Chair Ben Bernanke.
What’s the best way for the Federal Reserve to tackle decades-high inflation? For former Fed Chair Ben Bernanke, the answer’s in the past. Today, Bernanke discusses what previous Fed chairs got wrong, why the Fed’s credibility is critical and how the central bank can manage inflation expectations. Plus, understanding the strength of the dollar, the extension of the public health emergency and the state of U.S. coal production.
Today, the Joe Biden administration released a plan to tackle the shortage of starter homes. The move incentivizes high-density housing and manufactured or mobile homes. But there’s a hurdle for lower-cost housing developments: the communities that don’t want them there. Also on the program: looking at a new tool for mapping wildfire risks, grappling with higher utility bills and trading in a gig at Home Depot for one in a glassmaking studio.
We’ve got Cecilia Rouse, the chair of the White House Council of Economic Advisers, on the show today to hash out President Joe Biden’s remarks on the economy this week, the past year or so in government relief and who’s ultimately responsible for driving inflation. Before that, we’ll do some postgame analysis of our exclusive interview with Fed Chair Jerome Powell. We’ll also catch you up on the crypto crash and the baby formula shortage. Your donation powers the journalism you rely on. Give today to support Marketplace.
The Senate confirmed Jerome Powell for a second term as chair of the Federal Reserve today. Last week, the Fed announced the biggest interest rate hike in 22 years and its plans for reducing the central bank’s nearly $9 trillion balance sheet, all in an effort to get torrid inflation under control. We sat down with Powell for a long interview about what the Fed can do to engineer a “soft landing” for this economy — and what it can’t. Your donation powers the journalism you rely on. Give today to support Marketplace.
At the start of the pandemic, Airbnb lost 80% of its business in about eight weeks. CEO Brian Chesky calls it a near-death experience for his company. On today’s show, we’ll talk with Chesky about where his business is going and why he believes “work from anywhere” is the future. Plus: how consumers are responding to (barely) slowing inflation, what Treasury bond yields have to do with student loans and why the Oakland A’s are playing ball for tiny crowds. Your donation powers the journalism you rely on. Give today to support Marketplace.
We’ll get an update on the consumer price index from the government tomorrow. Even if the inflation rate has slowed from its recent 40-year high, don’t expect prices to go down anytime soon. We’ll get you caught up with the economic fundamentals on today’s show. Plus: the trouble with tax holidays, management issues amid peak TV and why wildland firefighters haven’t seen a cent of their raise from last year. Your donation powers the journalism you rely on. Give today to support Marketplace.
In the early days of the pandemic, China’s “zero-COVID” policy served the country pretty well. But in the omicron era, it’s putting strain on employment, supply chains and the global economy overall. On today’s show, we’ll look into it. Plus: Shein’s ultrafast fashion, Texas’ rolling blackouts and one couple’s money fight that ended up being about so much more. Your donation powers the journalism you rely on. Give today to support Marketplace.
The U.S. economy added 428,000 jobs in April, but there are signs the labor market slowing down a bit. Some economists say that might not be such a bad thing, counterintuitive as it might seem. On today’s show, we’ll explain and break down the rest of this big week in business and economic news. Plus: the start of the WNBA season and a look at the Gathering of Nations powwow. Your donation powers the journalism you rely on. Give today to support Marketplace.
Productivity fell 7.5% in the first quarter, the steepest drop since 1947. On today’s show, we’ll look at what that tells us about the economy as a whole. Plus, the future of medication abortion if Roe v. Wade is overturned. Later in the show, we’ll talk with the president of a community bank about responding to the Fed’s rate hikes. Your donation powers the journalism you rely on. Give today to support Marketplace.
The Federal Reserve announced a half-percentage-point interest rate hike today. It’s also shrinking its balance sheet in an effort to tame inflation. But supply chain hiccups, inflationary expectations and a potential wage-price spiral complicate the central bank’s job. Today, we dig in. Also on the program: why the Fed might not mind a dip in the stock market, and how overturning Roe v. Wade would ripple out into the economy.
If the Supreme Court overturns Roe v. Wade, about half the states in the U.S. are expected to ban abortions entirely. It’s a human and political story, but it has economic implications too. Today, we’ll take a look at the companies moving to help their employees access abortion care and who those policies impact most. Plus, an in-depth conversation with U.S. Trade Representative Katherine Tai on tariffs, trade and globalization.
Since Russia launched its war in Ukraine, the nation has been pummeled by sanctions, the freezing of assets and the exodus of multinational companies. Inflation is hitting ordinary Russians hard too. Now, with its role as Europe’s energy supplier in question, we do the numbers on Russia’s economy. (Hint: They aren’t pretty.) Plus, companies rethink their borrowing sprees amid rising interest rates and manufacturers look to set up shop in Mexico.
Exxon Mobil reported quarterly profits of $5.5 billion today, riding the wave of high oil prices prompted by the war in Ukraine, among other factors. The company, a leader in a shareholder-friendly industry, plans to use many of its billions on stock buybacks. Now, environmentalists are pressuring Congress to tax these windfall profits. Plus: Employees see higher pay but less buying power, and we’ll talk recession fears and GDP in the Weekly Wrap.
U.S. gross domestic product shrank by 1.4% last quarter, but just because the economy’s shrinking doesn’t mean it’s hurting. Today we dive into two big factors — slowed inventory growth and a surge in imports — sinking that calculation. Also on the program: How the NFL draft incentivizes “tanking,” and why the energy crisis could be an opportunity for the energy transition.
Comments (48)

🤨

so they changed the definition of recession and then have a mouth piece like this to defend it.

May 23rd
Reply

Eric Everitt

really? everything hurts women? everything is bad for women? bla bla it's never been worse.. really?

Apr 15th
Reply (1)

steve

Busy day at work,

Feb 2nd
Reply

Jackie Adams

It is refreshing to see that the solopreneurs, entrepreneurs and start up Founders are increasing. #entrepreneurs #Startup #Ceo

Jan 13th
Reply

red snflr

will never "stop" though with an infinite supply. #bitcoin

Jan 13th
Reply

ID21274754

I downloaded flush recently after we couldn’t find a restroom! Took me a day, but I did ask myself, is there an app for that? And there is!

Dec 2nd
Reply

red snflr

you have to be desparate to be willing to move to a small town for $2,500; curious how many of these people stay.

Nov 26th
Reply

James Siverson

In fact, nowadays it is very difficult to find a good marketplace to sell unnecessary things. Each has its own disadvantages, and often they are quite significant. That's why I was looking for a site with good reviews. But few where there is a detailed analysis and lots of reviews on a particular site, I'm here, for example, only found a review and feedback on the trading platform "offerup" https://offerup.pissedconsumer.com/review.html and only because of this learned about its features to consider them in the future. So if interested you can look here.

Jul 7th
Reply

AlecJay

you guys suck

Jun 22nd
Reply

kurt simon

Reimagine stealing everyone's once normal life. These people are lying to us.

May 13th
Reply

Kirk Junker

Z w. Zcn

Apr 20th
Reply

Lewis Sunflower

how about Asian men or women vs Black women, or does that uncomfortable truth refute your white supremacy narrative?

Dec 11th
Reply (1)

Patrecia Sapulette

That woman on your show, Karen or whoever her name is seemed so upset Kai 😁 especially towards the end. I'm an observer and still I like this podcast Kai and Molly!!

Oct 11th
Reply

Abigail Bomba

audio is messed up & unlistenable

Sep 23rd
Reply

Patrecia Sapulette

plot twist: Girl is brokenhearted about her home destruction etc. and wants to flee the area,but accepted the engagement in confusion about the situation. Later on the girl leave,and Brandon stay in his home...😋 haha.

Sep 15th
Reply

Jason

#learnMMT

Jul 16th
Reply

SARABETH CLAEYS

Kai, why don't you say: Whites control the reigns of America's economy. Whites are behind the inequities in housing and the justice system. Whites are responsible for the poor medical outcomes for many minorities. All of this is true but its weird to say it that way. So why did you keep calling black people "blacks". You did it over and over. Why did you do that?

Jun 3rd
Reply

Louis Reynolds

The design of the American economy doesn't allow its majority of its workers to be sick and stay financially healthy.

Feb 28th
Reply

Vernon Shoemaker

My first thought was that tax cuts can be paid for with more Iranian sanctions, but I'm unsure of that. Then I wondered why you need to pay at all since the government is only creating a medium that circulates, why demand a returned portion with earned value. That is, printed money is worthless until it's immersed in an economy that creates value. Then there's the aspect of time. Expenditure is a timeline and revenue is a separate one and the difference is government debt, at each concurrent point. Unlike the Kansans who play that movie and close schools, the federal government doesn't have to annually balance because it's budget is included in the entire economy and if it's not too great a loser the economy supports it. Increased debt derived from shortfall that supposedly creates conditions for growth is dependent on growth to be negligible as a dead, unproductive portion. It's necessary because the private sector doesn't support and invest in certain necessary services, like war. I suppose tax has the same effect as inflation, but I'm unsure of that too.

Jan 22nd
Reply

Timothy Webb

love this show #NPR

Jan 1st
Reply (2)
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