Economy & Business

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When Dirty Money Becomes Luxury Real Estate

Jun 16, 2016
Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

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Kai Ryssdal

Yet another lesson in "whatever you do, don't put it in an email."

CNBC got its hands on the list of words and phrases that Goldman Sachs flags when it monitors employee emails.

Let me say that again, your companies read your emails. 

Just so you know.

On Goldman's list of no-noes are emails containing the phrases "incompetent account management," "report the matter to the SEC" and "we will sue you."

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Scott Tong

The past decade has seen an explosion in one particular type of investor: the activist shareholder. These are powerful hedge fund managers who make a lot of noise in corporate boardrooms. To some, they're the squeaky wheels of Wall Street.

Marketplace for Thursday, June 16, 2016

Jun 16, 2016
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Scott Tong

Continuing our series, the Price of Profits, this time we take a look at activist investors; BBC's Chris Page reports on what people in Northern Ireland think about a possible Brexit; and why egg producers say they will end the practice of culling male chicks

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Marketplace

The news of the global economy today comes out of a little town in Northern England called Birstall, where Jo Cox, a member of Parliament, was attacked and killed. Cox was a supporter of Britain remaining in the European Union.

Her attacker, eyewitnesses said, was shouting “Britain first,” an apparent reference to the referendum next week on whether Britain should stay in the EU or leave.

Kai Ryssdal spoke with Marketplace's European correspondent Stephen Beard from London.

Former CEO weighs in on shareholder value

Jun 16, 2016
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Kai Ryssdal

In our series "The Price of Profits," we're exploring corporations. What are they for? Whom are they for? And how that impacts the economy and you.

Bill George is the senior fellow at the Harvard Business School and the former CEO of Medtronic. During his time as CEO, George took a long-term approach to growing Medtronic into a booming business. He spoke with Marketplace host Kai Ryssdal about shareholder value and the problems with short-term thinking.

Rent rises nudge CPI higher

Jun 16, 2016
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Andy Uhler

The suburbs are losing their appeal, especially with young Americans.

And cities have never been so popular, says Mark Willis, senior policy fellow at NYU’s Furman Center for Real Estate and Urban Policy. 

"So, there is a focus of demand on some subset of cities," said. "It's something that we haven’t seen for a long time.”

He said that means we’re allocating more income to pay for housing.

If one has to sell a crazy idea, why not over beer and salsa? That's exactly what Jason Amundsen did four years ago at a Mexican restaurant in Duluth, Minn., when he announced to his wife, Lucie, that he wanted to give up his job and sell eggs.

At the time, Jason was a grant writer for a local hospital; Lucie was a freelance journalist. They had two school-age children to raise and a mortgage to pay. What they knew about chickens could fit in an eggcup with room to spare.

But here was Jason, going into raptures over eggs.

Earlier this year, we noticed a pattern in which states were voting for Hillary Clinton and which were voting for Bernie Sanders in the Democratic nominating contests. Sanders tended to win the states that had the highest income equality (as measured by the Gini index, a widely used measure of inequality), and Clinton tended to win states that were the most unequal.

Will the Fed raise interest rates this year?

Jun 16, 2016

On today's show, we'll talk about whether or not interest rates will go up this year; Kroger's venture into online groceries; and LA County's efforts to tackle the region's homelessness issue.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

A few years ago, a man came to pastor Wes Helm at Springcreek Church in Garland, Texas, and opened up about his financial troubles. Helm looked through the man's budget and noticed one major monthly expense: a payday loan fee three times more than the amount of the loan itself.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

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