Business news

VCRs are about to be officially out of production

Jul 22, 2016
Kai Ryssdal

This will make some portion of you say, "Wait, what are you talking about?" and some other portion of you feel really, really old.

Reports in the Japanese Nikkei Asian Review say that later this month the very last VCR ever is going roll off the assembly line at the last company making them: Funai Electric.

Parts are too hard to find, apparently.

In other news, Funai Electric sold 750,000 VCRs last year.

Marketplace Weekend Staff

In our latest Marketplace Edison Research Poll we found that a lot of you aren't taking vacations regularly.

That's why for this week's conversation, we're talking about vacation and work-life balance.

How do you balance your work and personal time?

Are you decisions based on money? Family? Guilt?

Overcoming racial and economic struggle in Philadelphia, Mississippi

Jul 22, 2016
Kai Ryssdal and Daisy Palacios

The 2016 Democratic National Convention begins Monday in Philadelphia, Pennsylvania. Delegates of the Democratic Party will officially announce the nominee for president and vice president of the United States in the election.

On today's show, we'll talk about Donald Trump's assessment of the economy; the intersectional challenges that Latino victims of the Pulse shooting are facing; the reasons why some studios are reluctant to show footage of their upcoming films at Comic-Con; and a rankings shift in Bloomberg's list of the world's billionaires.

Rupert Murdoch will step in as Fox News CEO

Jul 21, 2016
Kai Ryssdal

Quick and to the point, 'cause there's not much else to say.

After a week of speculation and in the wake of a sexual harassment lawsuit and investigation, Roger Ailes is out as the CEO of Fox News.

Rupert Murdoch, the guy who owns the place anyway, is gonna take over.

No public mention of a much discussed multi-million dollar payment to go quietly.

Sam Beard

A year ago, 39-year-old Effie Panoutsakapoulou was stressed out at the bank where she works in Athens. The government had slapped on capital controls and hysterical customers clamored every day to get their money out of their accounts.

This summer, with the third bailout under way, the air of crisis has abated but – for Effie – an undercurrent of anxiety remains. 

“We don’t have a lot of work at the bank. We’re not working,” she said. 

Marketplace for Thursday, July 21, 2016

Jul 21, 2016

Kai talks to New York Time's Chief Washington Correspondent David Sanger about his latest interview with Donald Trump; former civil rights activists Peter and Marian Edelman talk about their time with Robert Kennedy during his poverty tour of Mississippi in 1967 and how they've seen issues of race and poverty change in the U.S. since then; and how Amazon is teaming up with Wells Fargo to lend student loans. 

Elon Musk's vision of Tesla as a public transit company

Jul 21, 2016

On today's show, we'll talk about why Peter Thiel, a Silicon Valley billionaire who co-founded PayPal, wants to support Donald Trump; the debut of Disney's first Latina princess; and Elon Musk's desire to have Tesla venture into public transit.  

Lane Wallace

Silicon Valley billionaire Peter Thiel will be appearing alongside Donald Trump on Thursday evening at the Republican National Convention. The PayPal co-founder, also an early investor in Facebook, has made headlines lately for his role in shadow funding Hulk Hogan’s lawsuit against Gawker.

Finally, Disney introduces a Latina Princess

Jul 21, 2016
Adrienne Hill

Elena is a thoroughly modern Disney princess. No time for true love. No obsessing over magical kisses.

She’s a sword-wielding, magical-cat-riding 16-year-old, trying to do right by her kingdom and her family.

She's also Latina.

"While I was immersing myself in the world of Disney princesses," said Craig Gerber, the show's creator and executive producer, "I quickly saw the need, desire and demand for a Latina princess."

In Greece, business people see some improvement

Jul 21, 2016
Sam Beard

When Marketplace visited the Dioptra publishing house in Athens a year ago, Greece seemed on the brink of economic collapse.

Businesses were grinding to a halt. Dioptra’s boss, Costas Papadopoulos, was unsure whether his company would survive.

One year later, things are a bit better — but only a bit.

“We still don’t know what we’re doing or where we’re going. We feel that here in Greece, it’s a crime to be a businessman,” he said.  

What will the Fed do next?

Jul 21, 2016
Mitchell Hartman

Since the Federal Reserve's Open Market Committee met in mid-June, the following things have happened:

Ford and tequila — an unlikely paring

Jul 20, 2016
Kai Ryssdal

A new partnership between Ford and Jose Cuervo.

Yes, Jose Cuervo, the tequila Jose Cuervo.

Turns out once the tequila's made, there's a bunch of really fibrous agave plant stuff left over.

Ford says it could use it to make wiring harnesses or cup holders, maybe.

Music streaming service Deezer plans U.S. launch

Jul 20, 2016

With so many players, the music streaming business may look overcrowded to us. But that’s not how it looks to the streaming company Deezer. The French company is in 180 countries and announced this week a full-scale launch in the U.S.

Click the above audio player to hear the full report.

At the RNC, Hispanic Chamber endorses Clinton

Jul 20, 2016
Kim Adams

The U.S. Hispanic Chamber of Commerce has broken from its own tradition and endorsed a presidential candidate. In a major snub to the GOP, the group’s president announced its endorsement of Hillary Clinton from the Republican National Convention in Cleveland. 

Unilever purchases Dollar Shave Club for $1 billion

Jul 20, 2016

On today's show, we'll talk about Unilever's decision to buy the Dollar Shave Club and what that acquisition symbolizes; check in with Greek residents whom we spoke to last year during the height of the country's debt crisis; and look at the planned full-scale launch of Deezer, a French music streaming service, in the U.S.

Who is and isn't talking about the economy

Jul 20, 2016
Andrea Seabrook, Nancy Marshall-Genzer, Katie Long and Gina Delvac

The theme for Tuesday at the RNC — "Make America Work Again" — was barely touched upon. And while the economy was top of mind for many Republicans on the floor, it was not a point of unity.

Blogger Leandra Medine on fashion and intellect

Jul 20, 2016
Lisa Martine Jenkins

It is rare that a writer becomes a veritable, recognizable celebrity. But at only 27 years old, author and fashion blogger Leandra Medine is the exception to the rule.

While studying journalism in college, Medine started her fashion blog Man Repeller in order to have clips to show when she started applying for writing jobs after graduation. Those clips were never needed; by the time she graduated, she was the writer, editor, stylist and model of a monetized entity.

Sam Beard

Brexit has put Grexit in the shade. The British vote to leave the European Union has dominated the economic headlines this summer and overshadowed the fear that Greece — the EU’s most vulnerable and debt-laden country — would crash out of the eurozone.

So whatever happened to that Greek crisis? It has certainly receded, but how is it still affecting the lives of ordinary Greeks?

Roger Ailes reportedly out as head of Fox News

Jul 19, 2016
Kai Ryssdal

A quick follow to a story we brought you yesterday

One has to imagine this is the subject of much conversation in Cleveland — early reports in New York Magazine that Fox News chief Roger Ailes is on the way out after a sexual harassment lawsuit.

Even among Republicans, the inside-outside line isn't always clear

Jul 19, 2016
Andrea Seabrook and Nancy Marshall-Genzer

Everybody’s talking about the news late Monday out of the Republican convention that Melania Trump’s speech last night may have lifted parts of Michelle Obama’s convention speech, back when she was the prospective first lady. The Trump campaign’s response to all this? That the “team of writers" who worked on her speech "included fragments that reflected her own thinking." For a candidate who says he’s a political outsider, that sure sounds like "insider" language.

D Gorenstein

It seems like most every time there’s serious political unrest somewhere in the world social media plays a central role.

That certainly happened last week with the failed coup against President Recep Tayyip Erdogan in Turkey.

When Twitter and Facebook were slowed down during the coup attempt, Eva Galperin with the Electronic Frontier Foundation said social media updates from those sources kept coming.

“These kinds of blocks are so common in Turkey, almost everybody who uses the internet is extremely familiar with how to circumvent internet censorship,” she said.

On today's show, we'll talk about investors who putting their money into automated indices; how golf courses in Arizona make ends meet in the heat; and the rise in Nintendo's worth to more than $42 billion. 

How golf courses beat the heat

Jul 19, 2016
John Jenkins

For a lot of the country, this is peak season for the golfing industry. But in the Southwest, it’s just the opposite. High temperatures keep golfers off the links, while water and upkeep costs strain maintenance budgets. In Arizona, courses take different approaches to make ends meet.

At the Tournament Players Club (TPC) in Scottsdale, it’s noon and the temperature on the first tee is 105 degrees.

Fiat Chrysler faces federal investigation

Jul 19, 2016
Lane Wallace

Fiat Chrysler, the Italian car company that produces Ram and Jeep, is under scrutiny from the U.S. Department of Justice and the Securities and Exchange Commission, according to news reports. The investigations come after a lawsuit filed in January 2016 alleging the company bribed dealers to falsely boost sales numbers.

Dr. John

On a recent afternoon in downtown Chicago, Paul Dailing stood before a dozen tourists wearing comfortable shoes and posed a question: “Who wants to spend three hours getting depressed about governance?”

Dailing is the creator of one of the city’s hottest new attractions, the Chicago Corruption Walking Tour.

He told the group he could barely keep up with current events, and warned, “[The tour] is not in any capacity going to be comprehensive.”

Everyone will pay more to protect police officers

Jul 19, 2016
Andy Uhler

Police in Boston, Los Angeles, Chicago and other cities are taking extra precautions as a result of fatal attacks on officers in Dallas and Baton Rouge. The New York Police Department said its officers will patrol in pairs for the foreseeable future.

Ronnie Lowenstein, director of New York City’s Independent Budget Office, said, as a result, they're expecting an increase in overtime.

“We will see that, if it does, show up in the numbers over the next few months,” she said.

But she also said it’s too early to know if extra patrol officers will mean more overtime.

Kai Ryssdal

We noted a similar thing with the Brits right after the Brexit vote, so a sense of fair play dictates we hold ourselves to a similar standard.

Remember much fun was made of Brits after that vote for Googling the answer to "what is Brexit?"

This item from Google Trends today as Republicans gather in Cleveland to pick their nominee for president:

Top question: "What is the RNC Convention?"

Marketplace for Monday, July 18, 2016

Jul 18, 2016

Marketplace's Washington Bureau Chief Andrea Seabrook reports from the Republican National Convention and what's to come from Marketplace's new podcast, "Politics Inside Out;" why Roger Ailes may soon be out as head of Fox News; and the second part of our story from the other Cleveland — Cleveland, Mississippi, Kai talks with locals and civil rights activists about why the state still struggles with and race economic equality.

The other Cleveland: Crossing the divide

Jul 18, 2016
Kai Ryssdal and Tommy Andres

This is the second in a two-part report on economic inequality and race, reported in conjunction with Frontline and PBS NewsHour for the collaborative series "How the Deck is Stacked." The first aired last Friday.