Economy & Business

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Can Chicago’s recent plague of violence be cured?

Sep 16, 2016

Over Labor Day Weekend, Chicago’s death toll hit 500, making 2016 one of the most violent years in decades. That’s more homicides than Los Angeles and New York combined. It hasn’t been this bad since the crack cocaine-fueled gang wars of the 1990s. But focusing on the numbers alone doesn’t do justice to what’s actually happening, and more importantly, how we can end the violence. Natalie Moore, a Chicago native and longtime WBEZ Southside reporter, joined Marketplace Weekend to discuss the role economic inequality plays in urban violence today.

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Sasha Aslanian

Last year, Luke Hillman began meeting with a group of sex buyers. They were guys he met online.

“Looking at them in a bar, you would have no idea,” Hillman said. ”They’re just normal guys.”

The men worked for some of the region’s most prominent employers: Microsoft, Boeing, Amazon. One was a radiologist. Another was a dentist.  

During their meetups in local bars, the men would discuss their “hobby” — hiring Korean prostitutes.

Cutting the cord of Big Cable

Sep 16, 2016
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Kai Ryssdal and Bridget Bodnar

This summer, Michael O'Connell canceled his cable subscription. It's called "cord cutting" and involves customers ditching the traditional television-watching model all together in favor of on-demand services like Netflix, Hulu, Amazon Prime and other entertainment streaming programs.

In school, they called her stupid. Dumb. Lazy.

Eileen Kushner had always had trouble with reading and simple math, and while she was growing up in Detroit during the 1950s, her fellow students didn't make life easy on her. Later, she'd be diagnosed with a learning disability, but at the time, she just had to suffer the slings and arrows of her peers. When she married her husband, Larry, right out of high school and had three kids, she hoped that her life as a stay-at-home mom might hide her learning problems.

Things didn't work out that way.

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Marketplace Weekend Staff

What have you always wanted to understand better about money, but were afraid to ask? Confused about retirement? Credit cards? Opening a high-interest savings account? Investing in stocks or bonds? 

Let us know what's on your mind when your mind is on money.

Give us a call at 1-800-648-5114, send us a message on Facebook or tweet at us. We're@MarketplaceWKND

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Eliza Mills

Marketplace's Andy Uhler and CNET's Lindsey Turrentine go long and short (bet for or against) on topics from the week's news.

This week, they take on Ikea's new design tactics, Alicia Keys and #nomakeup, the NCAA's decision to stand against North Carolina bathroom laws and wireless headphones. 

Click the audio player above to hear the full interview. 

Weekly Wrap:

Sep 16, 2016

Joining us to talk about the week's business and economic news are Nela Richardson of Redfin and Sudeep Reddy of the Wall Street Journal. This week, they discuss the Census Bureau report that household income jumped, the possibility of the Fed raising interest rates and President Barack Obama's search for support on the Trans-Pacific Partnership.

Copyright 2016 NPR. To see more, visit NPR.

The pipeline to become a pilot

Sep 16, 2016

On today's show, we'll talk about Unilever's possible purchase of the Honest Company, a startup owned by Jessica Alba; two American Airlines subsidiaries that are pushing for more pilots by offering more pay; and the ancestral home of Donald Trump's grandparents: Kallstadt, Germany.

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

Mules named Sal are hard to find these days along the Erie Canal. But almost two centuries after workers began digging its route across upstate New York, you can still see barges pushed and pulled through what some consider the first superhighway of the U.S.

As the canal prepares to celebrate its bicentennial next July, some are questioning whether the canal is still worth subsidizing.

Unilever might buy Jessica Alba's Honest Company

Sep 16, 2016
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Lane Wallace

The Honest Company, a natural home products startup, could be getting snapped up by a big buyer.

The Wall Street Journal is reporting Unilever is “in talks” with the five-year-old company founded by actress Jessica Alba, and could offer more than $1 billion in the deal.

Desperately need pilots? Try paying them more

Sep 16, 2016
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Gigi Douban

Two American Airlines subsidiaries announced plans to boost the starting pay for regional pilots, in some cases increasing pay by 56 percent. On top of that, the regional carriers, PSA Airlines and Envoy Air, will offer bigger sign-on and retention bonuses, all in the hopes the move will ease a pilot shortage. 

Why the shortage? It’s way harder than it used to be to become a regional pilot. And the pay is terrible. 

The rise of Trump tourism in Kallstadt, Germany

Sep 16, 2016
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John Laurenson

People come a long way for stuffed sow’s stomach, as you can imagine. This and the locally produced white wine. So, said Kallstadt mayor Thomas Jaworek, this village of just 1,200 inhabitants already has 300 beds in its hotels and 1800 places in its restaurants.

"Trump tourism?" I ask him.

"Very little."

But the fact that Donald Trump’s grandparents came from this tiny village not far from the River Rhine is starting to rival the sow’s stomach as Kallstadt’s claim to fame.

ITT closes its doors

Sep 16, 2016
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Annie Baxter

ITT Educational Services is ceasing operations Friday, leaving more than 8,000 employees out of work. The for-profit education firm is shuttering more than 130 campuses nationwide after the Department of Education cut off access to federal financial aid for new students.  

For-profit colleges have been floundering as regulators scrutinize their recruiting tactics, costs and job placement rates. 

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