Economy & Business

Business news

Today Is The Day To End Poverty (Literally)

Oct 17, 2017

October 17 is the United Nations’ International Day for the Eradication of Poverty.

Nearly 11 percent of the world’s population lives on less than two dollars a day, according to the World Bank. And that’s an improvement. The World Bank says more than a billion people have moved out of poverty since 1990.

We ask what worked for that billion, and what would it take to improve the outlook for the world’s poorest people.

GUESTS

10/17/2017: China's done doing our recycling

Oct 17, 2017

At America's largest ports in Los Angeles and Long Beach, bales of plastic and paper are piling up. Once upon a time, they would have been packed and shipped to Asia, where they'd be turned into consumer goods and shipped back. But China has plenty of its own recycled materials now to sustain the manufacturing of goods, leaving the U.S. with a big problem: where's it all going to go?

The economics of future technology ... explained with comics

Oct 17, 2017

We're going to take a detour here to the not-too-distant future to see what technologies might shake up the economy and help determine the future of our species. Kelly Weinersmith is a biologist and her husband, Zach, does comics, "Saturday Morning Breakfast Cereal" among them. Their new book is called "Soonish: Ten Emerging Technologies That'll Improve and/or Ruin Everything." It's sort of a layman's explainer mashed up with a comic book.

How much are 50,000 Amazon HQ2 jobs worth?

Oct 17, 2017

Call it "enticing" or "incentivizing." Call it "begging" or "groveling." What’s clear is the bidding war between cities and states to host Amazon's second national headquarters is racing to its deadline Thursday. The offers of tax incentives, subsidies, favorable zoning, job training and all the rest are piling in. A few billion here, a few more billion there. Amazon promises to bring with it 50,000 mid- to high-paying central-office jobs and a whole lot of steel and glass square footage. But how much are 50,000 jobs really worth?

The contentious fourth round of NAFTA negotiations concluded in Washington, D.C. today without a deal in sight. Trade reps from Canada and Mexico rejected outright a number of hard-line protectionist policies proposed by U.S. negotiators, proposals which Canada's Foreign Affairs Minister Chrystia Freeland described diplomatically today as "unconventional." Could these seemingly irreconcilable sticking points on President Donald Trump's bold trade agenda derail NAFTA altogether? 

Click the audio player above to hear the full story.

Work comes with rules; what to wear, how much vacation you can take, how to behave and in some cases what you can post on social media.

10/17/2017: A pretty good earnings season

Oct 17, 2017

(Markets Edition) Earnings season is looking good so far. Wall Street banks Goldman Sachs and Morgan Stanley have reported better-than-expected earnings. David Kelly, chief global strategist for JP Morgan Funds, joined us to talk about some of the factors fueling their success. Next, we'll discuss the Senate's expected vote this week on a budget resolution whose outcome is hard to predict. And finally, we'll look at America's growing shift to electric homes. 

 

Updated at 4:11 p.m. ET.

The Dow Jones industrial average on Tuesday briefly topped 23,000 for the first time, crossing another milestone amid better-than-expected earnings reports and concerns that stocks are approaching another bubble.

But the 30-stock index ended the day at 22,997.44, up 40.48 points.

The Dow finished above 22,000 for the first time on Aug. 2.

What happened to the GOP’s deficit hawks?

Oct 17, 2017

The Senate is pushing ahead on a budget vote this week. That framework would move the GOP a step closer to the tax overhaul it has promised. The Senate plan allows for as much as $1.5 trillion in tax cuts over the decade. Those cuts could blow a $2.4 trillion hole in the budget, the nonpartisan Tax Policy Center estimates. There are a few on the right who are sounding the alarm about national deficits and debt. Republican Sen. Rand Paul in an interview today said he is prepared to vote no on the budget if leaders don't agree to cut billions in spending from the plan.

How the GOP tax plan could hurt charities

Oct 17, 2017

In its tax framework, the GOP leadership has promised to keep some of the most popular personal deductions, including the charitable deduction. But the value of that deduction could be limited by other changes to the tax code. 

To explain, let's start with a tradition that you, dear public radio supporter, are likely familiar with: the pledge drive. A few times a year, member stations around the country ask for donations, often touting their tax deductability. 

It's been almost two months since Hurricane Harvey covered southeast Texas with 50 inches of rain, left hundreds of thousands of residents with flooded homes and disrupted lives. As of October 16, about 870,000 households had applied for direct financial assistance from the Federal Emergency Management Agency, and about 300,000 have been approved. Only U.S. citizens or legal residents are eligible for those direct deposits of relief funds from FEMA. The more than half a million undocumented people living in greater Houston have to find financial relief in other ways.  

Senate budget battle likely as vote looms

Oct 17, 2017

The Senate is expected to take up a budget framework this week. If it passes, the GOP will be one step closer to the tax overhaul it so desperately wants. President Donald Trump promised yesterday in a Rose Garden press conference with Senate Majority Leader Mitch McConnell that the tax plan is on track. But the outcome of the pending budget vote is far from predictable.

Click the above audio player to hear the full story.

Can Congress make consumer data safer?

Oct 17, 2017

The Senate Banking committee meets today for another hearing about the Equifax data breach. With the major credit reporting agencies woven deeply into the fabric of our financial system, what can Congress actually do here?

Click the above audio player to hear the full story.

A move from natural gas to electricity for homes

Oct 17, 2017

Not long ago natural gas – the fuel that probably gave you your hot shower this morning – was being hailed as the clean “bridge” fuel, because it polluted less than other alternatives. For some purposes it still is, such as when it replaces diesel fuel in buses. But in our homes, some now believe natural gas should be phased out in favor of electric appliances, for climate reasons.

10/17/2017: The fight to become Amazon's next home

Oct 17, 2017

(U.S. Edition) Canadian jet manufacturer Bombardier has been in an ongoing trade fight with America's Boeing. Well, now Bombardier is selling the majority stake of its C-series plane to the French company Airbus. We'll report on why the Canadian company went through with the deal and how it may be able to sidestep a high U.S. tariff as a result. Afterwards, we'll discuss whether Congress can help make consumer data safer, and then  look at Seattle's bid to become home to Amazon's second headquarters. 

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