Economy & Business

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For the third week in a row, President Trump is spending the weekend in Florida at Mar-a-Lago.

It seems Trump enjoys spending time at the club he owns in Palm Beach, but since the election, his stays there have raised issues not seen when he was a private citizen. They involve security and the impact his visits are having on people and businesses in Palm Beach.

A news outlet publishes a story that a Republican politician dismisses as "fake news." Sounds familiar, right?

But in this case, there's a twist. The Grand Junction Daily Sentinel in Colorado is accusing state Sen. Ray Scott of defamation and threatening to sue. If filed, legal experts said it would be the first suit of its kind, potentially setting a legal definition for what is considered fake news and what is not.

More than two months after he publicly criticized Boeing over the costs of a new Air Force One, President Trump visited one of the aircraft company's newest facilities Friday: a plant in North Charleston, S.C., where the company will unveil a new version of its 787 Dreamliner.

The No. 1 challenge of retirement

Feb 17, 2017

Working Americans who save for retirement spend a lot of time and energy making decisions on how to save. It’s confusing, it’s hard. But you know what? It doesn’t get any easier when you hit retirement. One of the biggest stresses is trying to organize your finances when you don’t know how long you’re going to be around to need them. Economists have a favorite method for dealing with this anxiety: It’s called an income annuity, but it’s not quite a household name yet.  

It's nice to have a friend who's a good listener, but a doll called My Friend Cayla listens a little too well, according to German regulators who say the toy is essentially a stealthy espionage device that shares what it hears and is also vulnerable to takeover by third parties.

Over the past two weeks, the Trump administration has taken steps to delay and perhaps scuttle a new rule designed to save American workers billions of dollars they currently pay in excessive fees in their retirement accounts.

NASA is the government’s space agency, but not all of what NASA does is linked to space. A good portion of its work is more inward looking and has to do with our own planet — things like weather and climate change. Some Republicans are talking about rebalancing NASA's priorities and moving away from that research and refocusing on space exploration. But what potential impacts could that rebalancing have? 

Lee Jae-yong, the acting chief of Samsung and its heir apparent, was arrested Friday on bribery and embezzlement charges in Seoul, South Korea.

Seoul Central District Court approved prosecutors' request for an arrest warrant about a month after an unsuccessful attempt to detain the 48-year-old corporate scion, who also goes by the name Jay Y. Lee.

What was missing from Facebook’s 5,000-word manifesto

Feb 17, 2017
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Marketplace

Facebook founder and CEO Mark Zuckerberg shared some deep thoughts this week in a long essay about where he sees humanity going online. Marketplace host Kai Ryssdal spoke with senior tech correspondent Molly Wood about what the nearly 5,000-word treatise had to say. Below is an edited transcript of their conversation. 

Kai Ryssdal: So here it is, 5,700-something words from Mark Zuckerberg. Yes, 1.9 billion people use Facebook, but it seemed to me there was no "there there" in this thing. There was no action coming out of this.

U.S. food company Kraft Heinz offered $143 billion for the British-Dutch consumer goods conglomerate Unilever. Unilever rejected the proposal, but Kraft Heinz said it looks forward to reaching an agreement on the terms of a transaction. If the deal does eventually go ahead, it would be one of the largest acquisitions on record. It's just a year since Heinz and Kraft Foods merged, but these big-time mergers are nothing new for the industry.

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Sam Beard

In Europe, Brexit has put Grexit in the shade. The British vote to leave the European Union has dominated the economic headlines since last summer’s referendum and overshadowed the fear that Greece — the EU’s most vulnerable and debt-laden country — would crash out of the Eurozone. But could Grexit be poised for a comeback? We may get the answer on Monday. Euro finance ministers meet to consider whether the Greeks should get the next installment of their bailout money, money they must have before July if they are to avoid defaulting on some of their loans.

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Sam Harnett

CEO Bill Phelps says his thoughts on minimum wage have evolved. In 1994, Phelps co-founded the fast food chain Wetzel’s Pretzels, which has almost a hundred outlets in California.

“Like most business people,” Phelps said, “I was concerned about it a couple of years ago when California started raising the minimum wage."

On Jan. 25, President Trump signed an executive order instructing construction to begin on a wall along the U.S.-Mexico border. Environmentalists and civil rights activists say the proposed wall on the southern border with Mexico is a threat to the environmental rights of the people who live on both sides of the border.

On a clear, cold winter evening, the sun begins to set at Lost Lake Farm near Jewell, Iowa, and Kevin Dietzel calls his 15 dairy cows to come home.

"Come on!" he hollers in a singsong voice. "Come on!"

Brown Swiss cows and black Normandy cows trot across the frozen field and, in groups of four, are ushered into the small milking parlor.

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Eliza Mills

Dalton State College in Dalton, Georgia, attracts students from all over Georgia and all over the world, but the manufacturing city it calls home still has a strong influence on the small campus. Dalton is where most of the carpet in the United States is produced, and many of the students here have parents who work in the carpet industry or are preparing themselves for science and tech jobs in manufacturing. 

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