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Sanctions on Ice

Feb 13, 2018

North Korea has been getting sanctioned for decades. But in spite of the sanctions, North Korea has managed to keep buying fancy stuff for the elites — and fund a nuclear weapons program.

The country has done this by raising money through a clandestine outfit called Office 39. Among other things, Office 39 runs counterfeiting operations, engages in international bank fraud, and sells illegal drugs.

On today's show: sanctions, Office 39 and the North Korean Olympic team

02/13/2018: Brace for inflation

Feb 13, 2018

We'll get the latest monthly inflation numbers tomorrow morning, before the bell, and as we saw last week, markets are a little skittish. The thing about the Consumer Price Index is we can measure it pretty well, but predicting it is a lot harder. Then, we'll look ahead to the Fed and bond markets, and how interest rates could be affected by inflation. Plus: What we can learn from Facebook's "Two Years of Hell."

Bill Pugliano / Stringer / Getty Images News

General Motors’ entry into the zero emissions vehicle landscape started more than 20 years ago with its EV1 project.  The effort was, by most accounts, successful.  But the vehicles were all leased, and when the leases ran out, they were all returned to Chevrolet and unceremoniously destroyed.

When Dan Weiss was in grad school, in the 1980s, he'd pay a dollar to visit the Metropolitan Museum of Art. The museum has had a "pay what you wish" policy in place since 1970. Later in life, Weiss chose to pay $5, and eventually the full suggested fee. These days, of course, Weiss gets in for free. He's the museum's president and CEO. "I pay with my life," Weiss laughed.

The maker of OxyContin, one of the most prescribed and aggressively marketed opioid painkillers, will no longer tout the drug or any other opioids to doctors.

The announcement, made Saturday, came as drugmaker Purdue Pharma faces lawsuits for deceptive marketing brought by cities and counties across the U.S., including several in Maine. The company said it's cutting its U.S. sales force by more than half.

#MeToo's Next Step

Feb 13, 2018

In just a few months, the #MeToo movement has affected nearly every major institution and industry. It has led to the resignations or firings of men accused of sexual harassment, assault or misconduct in entertainment, government, the military, the church and various other institutions and fields. And it has had effects outside of the United States.

It feels like just yesterday that Chicagoans were told that their prized skyscraper, once the world's tallest building, would no longer be named the Sears Tower.

"Call it the Big Willy," encouraged the CEO of the company that had bought the naming rights. But it's been almost nine years, and while some folks do call it the Willis Tower, few do it with much gusto. And no one calls it Big Willy.

Now Chicagoans are losing the name of another beloved skyscraper: the John Hancock Center.

How does China’s social credit system work?

Feb 13, 2018

By 2020, China wants to have a system to assess a person’s creditworthiness, however, credit is still relatively new in China. Most Chinese do not have a credit card, a mortgage or other bank loans. Thus, officials are collecting not only financial credit information but also legal infractions, as well as anti-social behaviors such as jaywalking or not sorting garbage in the appropriate bins.

In the summer of 2016, Xie Wen applied for a loan at the bank and was rejected. Later, he tried to purchase a plane ticket online but was blocked by the system.

“That is when I knew I was blacklisted,” Xie said.

(Markets Edition) The Trump administration wants to roll back Obama-era climate emission regulations, which could result in companies drilling on federal lands to let more methane get out into the atmosphere. We'll look at the potency of the gas, and the Trump administration's pursuit of energy dominance. Afterwards, we'll look at the amount of money the 2019 presidential budget is allocating to combat the opioid epidemic, and then discuss how countries around the world are racing to implement a 5G wireless system.

Unilever’s head of marketing, Keith Weed, told an advertising conference in California that digital platforms had become “swamps” of fake news, racism and sexism. What will this mean for advertising on social media?

Click the audio player above to hear the full story. 

The U.S. job market is tight. With around 6.7 million workers currently searching for jobs and almost 6 million job openings, the competition for workers is heating up. One of the ways that we are seeing this play out is through different compromises that employers are willing to make when hiring new talent. One of those compromises is not requiring a four-year degree for certain jobs.

(U.S. Edition) Point72 Asset — the investment firm of billionaire Steven Cohen — is facing a lawsuit alleging sex discrimination. On today's show, we'll look at the claims and discuss how Wall Street banks have ways of keeping issues like these quiet. Afterwards, we'll look at the possibility that Unilever — one of the world's biggest advertising spenders — will pull its ads from sites like Google and Facebook, citing racism and sexism.

(Global Edition) From the BBC World Service … After a marathon session, South Africa’s ruling ANC party decided to recall President Jacob Zuma, giving him 48 hours to respond or else launch a parliamentary vote of no confidence. Then, Iraqi officials estimate the country needs about $88 billion to rebuild after it was seized by the Islamic State in 2014. We’ll take you to a donor conference taking place in Kuwait and explain where the money is likely to come from and how it could be spent.