Economy & Business

Business news

The Bank Black movement gains traction

Apr 20, 2017
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Marielle Segarra

Last July, Teri Williams was out of the office, helping her daughter move into a new apartment, when she started getting frantic phone calls. Williams is the president of Boston-based OneUnited Bank, the largest black-owned bank in the country, with $650 million in assets. Her employees were calling to tell her that people were swarming the bank.

“They were coming into the branches,” Williams said. “They were lined up outside the branches. They were calling.”

04/20/2017: Frexit?

Apr 20, 2017
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Marketplace

This has been a relatively low-key week in Washington, politics-wise. Congress has been on recess and the president has been in and out of town. Left behind have been staffers at agencies and offices that do the work that helps the government work, among them the Congressional Budget Office and its director, Keith Hall. The CBO and it analysis work were thrown in the spotlight during the recent healthcare debate and non-vote. We'll talk with Hall about all of it.

The Fed occasionally interviews people in each of the 12 regions it presides over to gauge how they're feeling about the economy. The results are in and people are feeling, well, uncertain. Diane Swonk, CEO of DS Economics, joined us to talk about why there may be a lack of widespread optimism. Afterwards, we'll look at the positive effects of attending college full time vs. part time, and then discuss how automation puts workers of color at risk. 

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

STEVE INSKEEP, HOST:

On Fox News the other night, Bill O'Reilly said he was going on a long, planned vacation.

(SOUNDBITE OF TV SHOW, "THE O'REILLY FACTOR")

LaToya Dennis

Some Wisconsin dairy farmers could soon be forced out of business. In less than two weeks, Grassland Farms Dairy Products will stop purchasing what’s called ultra-filtered milk from about 75 dairy farmers in Wisconsin. 

The milk was being sold to Canada, but that country recently changed its pricing structure making the Canadian-produced equivalent cheaper. The immediate challenge is to find processors willing to take on new clients, but long-term, there’s too much milk.

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

STEVE INSKEEP, HOST:

If you filed for an extension on your taxes this week, you're right in step with the Trump administration and Republicans in Congress. They've put off voting on their promised tax overhaul until after they take another whack at repealing and replacing Obamacare.

That's got some Republicans concerned, including Stephen Moore, who was an economic adviser to the Trump campaign.

"You know, you've got a period when you're first elected where you've got to rush and get things done before that window slams shut," Moore says.

Only about 40 percent of community college students earn a degree within six years. But students who go to class full time are much more likely to graduate. A new study finds that even one semester of full-time attendance makes a difference. 

Click the audio player above to hear the full story.

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Allison Keyes

Five years ago, Marketplace explored how machines, robots and software algorithms were increasingly entering the workforce in our series "Robots Ate My Job." Now, we're looking at what humans can do about it with a new journey to find robot-proof jobs.

04/20/2017: The evolution of the show 'Archer'

Apr 20, 2017
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Marketplace

This week, we've been looking at communities all over the country that are trying to become the next big tech hub. What's one region waiting for talent to come to town? Philadelphia. Archna Sahay, the director of entrepreneurial investment for the city, joined us to talk about whether there's enough venture capital to go around. Afterwards, we'll look at how the animated FXX sitcom "Archer" came of age along with the internet.

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Marketplace

Fox has fired Bill O'Reilly amid sexual harassment claims against the TV host. Bad publicity, of course, can matter a lot when it comes to corporate decisions like these. We'll recap some of the events leading up to the ousting, which include the departure of more than 50 advertisers, and look at a big financial deal in Europe that may have influenced the move. Next, we'll examine a new study that finds it can make a huge difference if a person attends community college full-time.

How a second screen can give new life to TV shows

Apr 19, 2017
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Bruce Johnson

The animated FX show "Archer" is a sitcom about a spy, and it has a loyal following online. It’s in its eighth season, and it has a new app that uses augmented reality, letting fans watch the show on their smartphones and learn new information.

The app stems from the show’s many literary references and inside jokes, which have been analyzed in depth by people on the internet.

Here's the good news about young adults in the U.S. over the past four decades: More of them are working full time and year-round.

In 1975, close to 67 percent of adults from ages 25 to 34 were employed full time, and that share increased to 77 percent by 2016, according to a new report on young adults by the U.S. Census Bureau.

China's Foreign Ministry is defending a decision to grant Ivanka Trump new trademark rights for her line of handbags, jewelry and spa services. The three new trademarks were approved April 6 while the president's daughter and her husband, Jared Kushner, sat next to Chinese President Xi Jinping and his wife at dinner at President Trump's Mar-a-Lago resort in Florida, according to The Associated Press.

Fox News star Bill O'Reilly has been ousted from the network after fresh allegations of sexual harassment surfaced last month, and the TV franchise again faces scrutiny over whether its culture perpetuates such behavior. Fox already ousted its CEO, Roger Ailes, over claims of sexual harassment, and The New York Times reported the network has already paid out $13 million to settle five claims against O'Reilly since 2002.

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