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An evening of seersucker and 'malarkey'

Jul 27, 2016
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Kim Adams, Nancy Marshall-Genzer, Andrea Seabrook, Gina Delvac and Bridget Bodnar

Day three of the DNC served as a rebuttal to the pessimistic tone present at the RNC last week. President Barack Obama said that Americans embrace the future, rather than fear it, while Vice President Joe Biden described Donald Trump's ability to empathize with the middle class "a bunch of malarkey." Secretary Hillary Clinton also made a surprise appearance, sharing the stage with Obama. Plus, we asked convention attendees some questions from our listeners.

Fed holds rates steady amid political uncertainty

Jul 27, 2016
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Mitchell Hartman

The Federal Open Market Committee (FOMC) announced at the end of its two-day July meeting that it is leaving interest rates unchanged. The Fed last raised short-term rates by 0.25 percent in December 2015, after dropping rates to historically low levels at the beginning of the Great Recession.

Twitter shares take a tumble

Jul 27, 2016

Twitter took a dive on Wall Street Today. The company's shares were down 14 percent plus after what can only be called an abysmal earnings report after the close yesterday. The social media company cited slow revenue growth, lousy predictions for future revenue growth, and stagnant user numbers in its earnings report. However, social media giant Facebook reported a wave of fresh revenue today in its earnings report.

On today's show, we'll talk about long-term returns for U.S. pensions, which are predicted to report their worst results in 15 years; Britain's economic growth; and holiday cruises that are looking to do some good. 

The Looming L-pocalypse

Jul 26, 2016
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Sally Herships

Hipsters beware. The L-pocalypse is close at hand. But it's not just the young and bearded who will be inconvenienced. Almost no one is looking forward to the New York transit authority's plan to shut down the L subway line for repairs. Just ask 38-year-old Brooklyn resident Kevin Lin.

“I’m going to move,” he said while standing on the L train platform at the 14th Street/Union Square station.

Marketplace for Tuesday, July 26, 2016

Jul 26, 2016
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Sally Herships

Facebook has pledged to build 1,500 units for general public housing in response to major housing shortages in Silicon Valley; New York City's Metropolitan Transit Authority announced plans to shut down the L train for 18 months to repair damage from Hurricane Sandy; and why New York City may be at risk of losing its title as the world's financial capital.

Marketplace Tech for Tuesday, July 26, 2016

Jul 26, 2016
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Marketplace

On today's show, we'll talk about Apple's anticipated earnings report; the possibility that Russia may have been behind the hack on the Democratic National Committee; and a rise in the number of young travelers. 

Starbucks loosens up its dress code

Jul 25, 2016
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Kai Ryssdal

Changes are coming to your local Starbucks.

The company's out with a new dress code. There's an official lookbook and everything, in which we learn hair coloring is now OK, fedoras are fine but not bucket hats with patterns, slouchy ski caps yes — but not if they have a pompom.

Shorts work, but not leather pants.

Socks with a pop of color are fine, but not if they distract from your outfit.

After Brexit vote, luring London businesses to Berlin

Jul 25, 2016
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Lizzie O'Leary

Not long after the Brexit vote, a truck with a billboard on its side started driving around London, with the message: Dear Startups, Keep Calm and Move to Berlin. It was sponsored by a German political party trying to get companies based in the U.K. to shift their operations to Germany. The big question now is, will they?

Germany, and to some extent France, are trying to pull off what you might call "economic land grabs" — wooing companies, and people, who would otherwise have been based in Britain.

How do authors make money from library books?

Jul 25, 2016
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Andy Uhler

You’ve probably got some music on your phone, or you might stream it through apps like Spotify or Pandora. Every time you click on one of those songs, the artists gets a little bit of money. And yet, it's called your music “library.” But when you check out a book from the library, it's free. Well, it's sort of free.

Marco Marin was looking through the online catalog at a kiosk in the lobby of the Los Angeles County Central Public Library. He said he goes there to check out books at least once a week. He likes apocalyptic tales.

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Donna Tam

A well-paid CEO does not necessarily equal a high-performing company, according to a study released Monday. In fact, it seems more likely you're getting a lot less bang for your buck.

Research firm MSCI tracked roughly a decade of performance and pay for some of the highest-paid CEOs in the U.S., and found that higher-paid CEOs underperform when comparing their companies to those of their lesser-paid counterparts.

The financial role of a party's political chair

Jul 25, 2016

On today's show, we'll talk about the resignation of Debbie Wasserman Schultz, the chairwoman of the Democratic National Committee, and the broader question of how a political chair can affect fundraising efforts; China's decision to shut down several online news operations; and a North Texas town run entirely by students. 

Economy is fodder for politics

Jul 25, 2016
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Mitchell Hartman

The state of the economy will affect voters’ decision making in November and also provide talking points for both parties’ presidential candidates on the stump.

Economist Michael Strain at the American Enterprise Institute said that a midsummer snapshot shows a pretty healthy U.S. economy.

“For July 2016, I think you’d have a very good grade,” said Strain. “The last jobs report was extremely good. The unemployment rate is quite low. Stock prices are looking good.”

And consumers appear confident, as their spending has been very strong in recent months.

Verizon to purchase Yahoo for $4.8 billion

Jul 25, 2016
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Lane Wallace

Verizon Communications has confirmed it will purchase the main core of Yahoo’s internet business for $4.8 billion, a paltry sum compared to Yahoo’s value in its heyday.

Paid internships more likely to lead to job offers

Jul 25, 2016
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Ashley Milne-Tyte

It’s summer, and interns are trying to make their mark at workplaces all over the country. A lot of them hope their efforts will lead to a job offer. A new student survey from the National Association of Colleges and Employers says your chances of getting that offer vary depending on the type of internship you take. 

Almost three-quarters of paid interns in the corporate world got a job after finishing an internship. About 44 percent of unpaid interns did.

2 killed, 17 shot at Florida nightclub

Jul 25, 2016

Two people have been killed and more than a dozen shot at a nightclub in Fort Myers, Florida, authorities said.

As many as 17 people have been shot in the early Monday shooting at Club Blu, police Capt. Jim Mulligan said.

Three people have been taken into custody and there are two active crime scenes, Mulligan said.

The area was later deemed safe, but Mulligan said a street was still closed as authorities investigated.

VCRs are about to be officially out of production

Jul 22, 2016
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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.

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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
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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
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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.

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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
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Marketplace

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.  

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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
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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
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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
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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
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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.

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