Marketplace

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  • Hosted by Kai Ryssdal

With in-depth focus on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets, Marketplace is timely, relevant and accessible coverage of business, economics and personal finance.

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The "Illuminati of cheese" is filling fast food chains with cheesy dishes

13 hours ago

"Got Milk?" is arguably the dairy industry's best ad slogan ever. But how about "Got Cheese?" That do anything for you? Americans are eating record amounts of cheese — 35 pounds of it per person each year on average. But diary farmers still have plenty left over, and there's a huge surplus of the base product, milk, too. Enter Dairy Management Incorporated (DMI), a quasi-government trade group whose mission is to find a use for all that extra milk, cheese and butter. Their answer? Fast food chains like Taco Bell, Pizza Hut, McDonald's, Burger King and Domino's.

We haven’t seen much in wage gains out of recent jobs reports from the Labor Department. The most recent one, for June, showed average hourly wages, as reported by employers, up just 2.5 percent over the past year, not much better than inflation. But another measure of income from the Labor Department, based on a survey of American households, is telling a more upbeat story. That report, called “Usual Weekly Earnings of Wage and Salary Workers,” showed median earnings up 4.2 percent, compared to the second quarter one year ago.

In a bid to avoid the legislative fiasco that was the attempt at Obamacare repeal, the GOP has tried to take a more deliberate approach to its next big priority — tax reform. The White House said it has held "hundreds of listening sessions" on the topic, and Politico reports that Treasury Secretary Steven Mnuchin and Director of the National Economic Council Gary Cohn have been meeting behind closed doors with CEOs, businesses and tax experts. But tax reform remains a heavy lift for Republicans. Here’s why. 

Carrie Barber

Smart speakers, those voice-controlled devices reminiscent of “Star Trek’s” multitasking computer, are finding a place on kitchen counters and in living rooms. They can play music, answer questions, control lights and, in the case of Amazon’s Echo, place shopping orders. Turns out they are lending a virtual hand to parents, too. 

The Trump hotel: gold, glitz and lawsuits

14 hours ago
Nancy Marshall-Genzer

When it comes to President Trump's business dealings, there are still a lot of unanswered questions, including whether the president is breaking the law — and violating something known as the emoluments clause — by receiving payments from foreign governments. Not directly, but by way of their business at the Trump International Hotel in Washington, D.C., which opened last year on the historic site of the Old Post Office and is still operated by Trump's company. And that's not the only headache the flashy new hotel is causing.

Gigi Douban

If you’re driving around West Jefferson. Ala. looking for a place to eat, you won’t find much. The Alabama Rose, a restaurant that pops up on a phone search, actually burned down a few years ago. But it’s still where 78-year-old Arthur Graves lives.

07/20/2017: On to the next

17 hours ago
Marketplace

While the Senate keeps on trying to figure out what it's gonna do about health care, there are plenty of other economic policy problems to deal with. The next big project on the table is tax reform. We take a look at how that debate is shaping up. Also on today's show: What do gold, glitz and lawsuits have in common? The Trump International Hotel. Plus, we talk to Clint Rainey from Bloomberg Businessweek about America’s cheese surplus and the "mad cheese scientists" who are trying to solve it. That's right, cheese scientists. 

 

07/20/2017: The line between free speech and propaganda

18 hours ago

In Paris, 25 senior economists and public officials from about two dozen countries recently met behind closed doors to talk about how the world economy is doing. One of them: Diane Swonk from DS Economics. She shared some good news (the rest of the world seems to be doing better) and bad news (these gains have caused negative undercurrents in political elections).  Afterwards, we'll look at how companies are trying to find allow free speech, while blocking propaganda from terrorist organizations like ISIS at the same time.

The cost of repealing — but not replacing — Obamacare

19 hours ago
David Brancaccio

The nonpartisan Congressional Budget Office (CBO) has released its calculation of the costs and benefits if Congress repeals the federal health care law, but doesn't replace it. About 32 million people would be uninsured by 2026 and premiums would double. On the other hand, the federal deficit would drop by $473 billion. 

Marketplace's Dan Gorenstein joined us to talk about the possibility of another repeal-and-replace plan in the cards and the future of Medicaid. Below is an edited transcript.

Visa is set to report third-quarter earnings today after market close and all signs are pointing to good news. The company’s investment in digital platforms is contributing to growth. Visa Checkout, for one, has more than 20 million enrolled accounts and other initiatives are expanding globally. But they’re not the only digital pay app in the game. 

Click the audio player above to hear the full story.

Uber’s whole value proposition is that it’s cheaper, quicker and easier. But this week the ride-sharing service was accused of being not so easy for people who are disabled. The group Disability Rights Advocates, filed a class-action lawsuit against Uber. The suit argues the company discriminates against New York City riders with disabilities because it doesn’t offer enough wheel-chair accessible vehicles. 

Click the audio player above to hear the full story.

07/20/2017: A new way of cleaning your house

Jul 20, 2017
Marketplace

They may not be the most anticipated items in the world, but transparency reports are important because they reveal how companies disclose information about the way they deal with the U.S. government. On today's show, we'll talk with Michee Smith, a product manager at Google, about the changes the company is making to its report. Afterwards, we'll look at the model behind Up & Go, a service that connects those in New York City who need cleaning services with small business owners.

07/20/2017: Repealing Obamacare, by the numbers

Jul 20, 2017
Marketplace

The Congressional Budget Office has calculated the costs and benefits of repealing Obamacare, but not replacing it. An estimated 32 million people would be left uninsured. On today's show we'll take a look at what the release of these figures mean for the GOP's health care strategy. Afterwards, we'll talk with APM Reports about the Trump administration's infrastructure plans, and then discuss a class-action lawsuit filed by the Disability Rights Advocates against Uber over wheelchair-accessible vehicles.

Sorry Spotify, country music is still a radio industry

Jul 19, 2017

Over on the Billboard Country Charts, a song called "In Case You Didn't Know" by Brett Young is sitting at the No. 2 spot. Young is relatively new to the country music scene, and just last year, he went out on a radio tour across the U.S., as many new country artists do. The radio tour is a right of passage for new singers in the industry. After an artist signs a deal with a label, they travel around America, visiting upwards of a hundred radio stations. The singers meet with radio program directors, trying to convince them to add their songs to the rotation.

Tax reform is like health care reform in at least one important way: If Republicans want to pass it without Democrats, they can’t raise the deficit too much over the long term. But tax experts who have analyzed the GOP’s main proposals say they would add trillions of dollars to the deficit. 

Click the audio player above to hear the full story.

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