Economy & Business

Business news

Will Trump finally dump the estate tax?

Jan 16, 2017

Estate-tax repeal has been a priority of the Republican Party for years. That’s a tax on estates worth $5.45 million or more. President-elect Donald Trump’s transition team has said his administration would aim to roll back the tax as part of a larger package of tax cuts. How likely is that repeal and what would it mean for the deficit? 

Trump takes aim at NATO

Jan 16, 2017

In interviews with European newspapers this weekend, President-elect Donald Trump slammed NATO. He said the military defense partnership is important to him, but he called the 70-year old alliance "obsolete." He says it's too divorced from the fight against terrorism. But not all experts see it that way.

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Molly Wood

Depending on who you ask, the fifth generation wireless networks (5G) will either herald a totally new era of connected technologies, or just make the internet on our phones a little faster.

At CES, the huge technology trade show in Las Vegas earlier this month, the mood about 5G was good. Mobile chip maker Qualcomm was among the companies making announcements related to 5G. So while I was there, I sat down with Qualcomm CEO Steve Mollenkopf, and I asked him why 5G could be so much more than just faster internet on your phone.

Sleeping like a baby is a $325 million industry

Jan 16, 2017
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Jenny Gold

Lindsay Barrick and her husband  had been trying to get their baby Arlo down for his nap for almost an hour.

“He sounds so miserable,” said Barrick, bouncing her screaming infant up and down. “I know, if you just would go to sleep you'd feel better!”

It would definitely make Arlo’s parents feel better. Since this adorable red-haired baby was born three months ago, they haven’t gotten much sleep.  The previous night, Barrick and her husband Jerry Talkington, who live in Oakland, Calif.,  were up three separate times with Arlo.

1/16/2017: It's Inauguration week

Jan 16, 2017
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Marketplace

Welcome to Inauguration week! On this MLK Day we're looking at three themes of President-elect Donald Trump's campaign: An obsolete NATO, rolling back the estate tax and bringing back coal jobs. We'll talk about the state of all three and how Trump might act on them after he's sworn in Friday. Plus: a chat with the CEO of Qualcomm and how getting your kid to sleep became a $325 million industry.

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Sam Harnett

The desire for increased productivity in Silicon Valley is spawning a new market, for substances under the heading “nootropics.”

Nootropics are marketed as pills that will increase your productivity and boost your brain power. Many in the scientific community question the claims. But in Silicon Valley, nootropics have become part of a subculture that is trying to work as many productive hours a day as possible.

Like many who take nootropics, Daniel Wiggins works in tech. “It started about nine months ago when I was working on my own startup,” Wiggins said.

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

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Why are investors punishing the pound?

Jan 16, 2017

The British pound's sizable fall on Monday; pushback against the World Economic Forum; and the rise of food insecurity on college campuses.

 

MLK Day has become a day of service for many. Those that are off may take the time to volunteer. For others, their employers may provide a day for annual volunteering, a benefit that is especially attractive to younger workers.

Click the above audio player to hear the full story.


Business and political  leaders descend on the Swiss Alpine resort of Davos this week for the latest annual World Economic Forum. They do so against a backdrop of rising populism, and opposition to some of things that Davos has promoted, like globalization. Some critics have attacked the event itself as elitist and blamed it for turning U.S. and European  citizens against free trade. 

Click the above audio player to hear the full story.


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Jennie Cecil Moore

In Seattle, University of Washington senior Taylor Herring combines grants and part-time work to cover tuition and necessities. But toward the end of the quarter, his account gets pretty low.

“I think my second quarter here, after going through my second quarter running out of food, I was like, 'Well, do I need to buy this book?' I mean it’s so expensive, whereas later on I might need that,” Herring said.

Prosecutors in South Korea have requested an arrest warrant for the de facto head of the nation's biggest conglomerate, Samsung, on charges of bribery and embezzlement in connection with a swirling scandal that led to the president's impeachment.

Amazon has announced plans to add more than 100,000 full-time jobs over the next 18 months.

The news comes as U.S. companies try to burnish their credentials as a job-creator — a priority of the incoming Trump administration. Amazon’s growth isn’t a complete surprise, however, for a company expanding into so many different product categories.

Click the above audio player to hear the full story. 

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Catherine Green

In November, Los Angeles voters committed $1.2 billion to addressing homelessness with passage of a proposition called HHH. The city's homeless population is second only to that of New York, a city twice its size. About 28,000 people are estimated to be sleeping on the streets of LA on any given night.

01/16/2017: A $50 billion eyewear merger

Jan 15, 2017
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Marketplace

Eyewear maker Luxottica — known for its Ray-Ban shades — is merging with lens maker Essilor to create a company worth $50 billion. We'll explore the future of the eyewear market and explain why a deal between these two types of companies is so unusual. Next, we'll talk about Amazon's job growth plans, and then look at how Los Angeles plans to allocate $1.2 billion of funds dedicated to the homeless. 

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