Economy & Business

Business news

We often hear that healthcare accounts for a staggering one-sixth of the U.S. economy. According to the most recent data from the Center for Medicaid & Medicare services, we spend $3.2 trillion dollars a year on healthcare.  That is, indeed, about a sixth of our GDP.  Here’s what we spend it on, and why it’s so much. 

Click the audio player above to hear the full story.

Why Americans should be taking more vacations

Jun 20, 2017
GettyImages-112805096.jpg
Kai Ryssdal and Emily Henderson

About half of workers in the U.S. didn't use all of their vacation days last year. 2016 saw 662 million available days left on the table. Travel and Leisure magazine wants to change that with a special issue that features travel deals and tips to get more Americans to take some time off.

How do you do business without high-speed internet?

Jun 20, 2017
ruralbroadband.jpg
Caitlin Esch

Driving around rural Erie County, Pennsylvania, what you notice — aside from rolling hills, old farm houses, and the occasional small town — are the movie rental stores. There are a lot of them.

Jamie Buie is the manager of Family Video in Erie City. As she rang up a customer with a towering stack of DVDs, she said her decision to take a job here five years ago came down to internet access.

21: Tax cuts and partisan brain candy

Jun 20, 2017
GettyImages-73574557.jpg
Kai Ryssdal and Molly Wood

Kansas Gov. Sam Brownback signed a series of big tax cuts back in 2012, pledging to put money back in the hands of individuals and grow the economy. It became known as an experiment in "trickle-down," or supply-side economics.

Why you should listen to Leonard Cohen music when you eat toffee

Jun 20, 2017
GettyImages-496593578_0.jpg
Kai Ryssdal and Bridget Bodnar

Can a restaurant actually make you think its food tastes better because of the place settings and ambiance? Can a chocolate company make you think its candy bars are sweeter because they've changed shape? 

Now you have another reason to tip your Uber driver

Jun 20, 2017
GettyImages-451551326.jpg
Jana Kasperkevic

Uber is cleaning house. Recently, the scandal-ridden company fired more than 20 people after it had investigated over 100 sexual harassment complaints. Its founder and CEO, Travis Kalanick, is taking a leave of absence.

supremecourt_2.jpg
Adam Allington

The Supreme Court yesterday struck down part of a law that bans offensive trademarks.

The justices ruled that a 71-year-old clause in the Lanham Act, which barred disparaging terms or phrases from receiving federal trademark registration, infringed on free speech. 

Young Pioneer Tours, the travel company that took Otto Warmbier on a fateful trip to North Korea, will no longer take U.S. citizens into North Korea. The company says the "tragic outcome" of Warmbier's trip — the American died after being jailed and had been in a coma — prompted the change.

california_0.jpg
Andy Uhler

The number of people fishing for fun in California has decreased over the past 30-plus years. Fewer people buying a recreational fishing license means less money for California's huge fish and wildlife agencies. A change to the fishing license system aims get more hooks in the water. 

Jim Kraft and his 12-year-old son, Tyler, spent the weekend fishing at Lopez Lake on California’s central coast. Their annual fishing licenses run $47.01 apiece.

GettyImages-151262810.jpg
Marketplace

We know about as much about Senate Republicans' plan to repeal and replace Obamacare as we did yesterday — pretty much nothing, except that we might be able to see the secret bill Thursday. That's a lot of uncertainty around a plan to rework 17 percent of the economy. So in the meantime let's talk about that number. Where'd it come from? Then, as we continue on series "The Big Promise," we'll look at one problem facing rural Pennsylvanians President Trump hasn't talked much about: the digital divide.

What if you could go back in time and follow your food from the farm to your plate? What if you could see each step of your meal's journey — every ingredient that went into its creation, and every footprint it left behind?

Although President Trump has had a troubled relationship with big commercial lenders over the years, financial disclosure forms filed recently suggest he is still able to borrow money when he needs it.

While Trump's debts appear to be easily outweighed by his assets, government ethics experts say any sizable debt represents a potential conflict of interest for a president.

06/20/2017: Barclays CEO faces fraud charges

Jun 20, 2017

The price of crude oil has been in sharp decline — the third straight year in a row. And that's making the job of policing interest rates in America even tougher. David Kelly, chief global strategist at JP Morgan Funds, joined us to talk about the connection between the two, and whether it's actually the right time to raise rates. Afterwards, we'll look at news that the former CEO of Barclays and three other executives at the bank are facing criminal charges in connection with the 2008 financial meltdown.

The first day of summer doesn't begin until Wednesday but United Parcel Service already is looking ahead to the colder seasons with plans to charge retailers an extra fee for orders placed around Black Friday and Christmas.

And consumers could end up carrying that extra weight if retailers decide to pass on the cost by raising shipping fees.

The board of the Federal Deposit Insurance Corporation, which regulates many of the country’s smaller banks and oversees the “living wills” of larger banks, could soon have a new chairman. President Trump plans to tap long-time Republican congressional staffer James Clinger for the role, which would require congressional approval. What could change at the FDIC under a new chair?

Click the audio player above to hear the full story.

Pages