Economy & Business

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One of the key parts of the 2017 tax law was the reduction of the state and local tax deduction. Filers can't deduct as much state and local tax as they were before. It's capped at $10,000.

But states have been trying to find sneaky ways of getting around this. New York recently became the first state to try it. It passed a budget outlining various methods for people to get back the money they would lose from not being able to deduct state taxes on their federal taxes.  

Jaime Mann lives in Eastern Arkansas. Over a decade she paid over $15,000 for charges that ranged from traffic violations like not wearing a seat belt, to fines for things like using fake car tags, disorderly conduct during an arrest, and drug possession. Mann says the drug charge involved carrying prescription drugs in a bottle with the wrong label. 

It all started in 2005, when she was cited for several traffic violations.

“And then it started spiraling out of control, and I was so mad, I remember, because I thought, ‘I paid this ticket,’” she said.

(Markets Edition) After a suspected chemical attack in Syria, Trump said missiles "will be coming"  toward the country and that Russia should get ready. We'll look at the market reaction to all this with Julia Coronado, founder of MacroPolicy Perspectives. Afterwards, we'll discuss some of the pitfalls of getting a gas station credit card, and then talk about one of the upsides of Facebook in the midst of the Cambridge Analytica controversy. Despite the privacy issues many users have raised, some groups rely heavily on them to organize, including Native Americans. 

Facebook is facing increasing scrutiny over the amount of user data it both collects and shares with third parties. But despite the concerns around data privacy, social media platforms like Facebook are vital to Native Americans for a number of reasons. Facebook has helped people on reservations keep track of dangerous water shortages, road-closing blizzards, bad floods and has helped activists organize social movements. 

Click the audio player above to hear the full story. 

Compared to other credit cards, a new report out this morning from suggests gas station credit cards often carry higher interest rates and fewer rewards.

Click the audio player above to hear the full story. 

How much protection for consumers?

Apr 11, 2018

Mick Mulvaney is set to testify before Congress on April 11 about how he’s managing the Consumer Financial Protection Bureau. It might be hard to tell, but, the CFPB still there.

Click the audio player above to hear the full story. 

One of the nation's oldest and most prestigious regional newspapers, The Chicago Tribune, could soon have a unionized staff. On Wednesday morning, journalists from its newsroom informed management that they are preparing to organize and that they have collected signatures from dozens of colleagues.

This is a historic move at a paper that, for decades, had taken a hard-line stance against unions.

(U.S. Edition) Facebook CEO Mark Zuckerberg began testifying in front of Congress yesterday following revelations that Cambridge Analytica harvested data to target users during the 2016 election. On today's show, we'll recap some of the highlights. One of the main takeaways is that Facebook's business model probably won't change, but it could see more regulation. Afterwards, we'll preview another testimony happening on Capitol Hill: Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, gives his first report to Congress.

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A "last frontier" of fair housing?

Apr 11, 2018

Twelve years ago, Jill Williams had a stroke that left her unable to work. She ended up homeless, living between shelters and her car. Then in 2016, she received a Section 8 housing voucher for veterans. She’d served in the Coast Guard.

“After 10 years of homelessness and being on the street, it was a tremendous help,” Williams said.

But when she tried to use the voucher, Williams said, she “traveled to several apartment complexes, and constantly heard the word, ‘no.’”

The Data Economy: the role of advertising

Apr 11, 2018

Here’s a fun fact for you. Cookies, the absolute foundation of online ad tracking, the tiny little pieces of code embedded in websites that save information about your password or your browsing history and follow you across the web, were invented all the way back in 1994.

At that time on the World Wide Web, targeted advertising was mostly a matter of creating an online destination for like-minded people to gather, and then serving them ads based on those interests. 

Facebook won’t stop selling ads anytime soon. But the ad business has changed in the last few decades, and data is at the heart of its new strategy. All this week on Marketplace Tech, we’re focusing on the data economy and how we got here. Host Molly Wood speaks with Safiya Noble, a professor at the University of Southern California's Annenberg School for Communication, about the evolution of advertising technology and how much it now relies on personal information, such as what Disney princess each of us is. 

(Global Edition) From the BBC World Service… Facebook’s boss is facing day two on Capitol Hill, but there are still many unanswered questions about handling data protection. We hear from one of the company’s co-founders, Chris Hughes, about what the social network needs to consider. Then, Marriott International says it’s opening a hotel every 13 or 14 hours, but with growing competition from online booking sites like Airbnb, where is the hotel chain looking for growth and diversification opportunities? 

It's not every day that the Pennsylvania State Police call to say they have a warrant out for your arrest. But that's exactly what happened to me in late March.

At least, that's what the caller said was happening.

The voice on the other end of the line rattled off information about me — my full name, my email address, where I went to college, when I graduated — and told me I owed the IRS more than $7,000 for not paying taxes on a college scholarship.

The EU's highest court ruled on Tuesday that France can bring criminal charges against Uber managers for running an illegal taxi service. France can do that without first notifying the European Commission, said the judges.