Many view the divisions in our current political environment through a "conservative vs. liberal" or "Democrat vs. Republican" filter. After all, a large number of people in both of the major political parties have said that the other group elicits feelings of fear and anger.
At long last, Senate Republicans have revealed their health care bill. It was hatched in secret, and they hope to vote on it in a week so let's dig in. It's similar to the plan passed by the House: Sharp and sweeping cuts to Medicaid, more power to states to decide what insurance plans have to cover, shrinking the Obamacare subsidies. Here's what it won't do: make health care cheaper. We'll talk about why, then head to Arkansas, where a plan to roll back Medicaid expansion will put tens of thousands back on the exchanges, if they can afford it.
As of the late, Janet Yellen and co. had seemed keen on another rate hike, but the mood appears to be shifting. Diane Swonk of DS Economics stopped by to explain why there's some dissent among Fed members. Afterwards, we'll talk about why the major banks are required to take "stress tests," and then look at how America's productivity rate is doing.
Politicians love to talk about the national debt and especially the deficit. But as different factions jockey for their plans and policies, things can start to get confusing. Whose plan is going to cost more? How important is it to be "deficit-neutral"? How does the debt ceiling factor into all of this?
On this week's Make Me Smart, we asked "The Budget Guy," Stan Collender, about it all. He says don't worry if you don't get it, you're not alone.
The Federal Reserve is releasing the first part of its annual stress tests for big banks today. All of the major banks are expected to pass this year, which is good news if you want to see the U.S. financial system survive a future crisis. The test applies to more than 30 of the biggest banks in the country, and aims to ensure that banks have enough cash reserves to withstand a severe global recession like the 2008 financial crisis.
The shoes were Nikes, but to basically every kid in America, they were "Air Jordans."
Michael Jordan was, and still is, the brand. His net worth today is $1.3 billion.
The lucrative partnership is an example of how Nike leveraged an athlete's popularity to sell shoes. Back then, what mattered most was Jordan being a great player. Nowadays, how good you are on the court is only one factor in a star athlete's earning potential.
Uber is looking to the future after investors pushed CEO Travis Kalanick to resign. But with old lawsuits still trailing the company, we'll discuss whether Uber can truly move forward and if an IPO is in its near future. Afterwards, we'll look at Tesla's scramble to keep up in the self-driving car race, and then talk about the surge in cryptocurrency prices over the last few months.
In just a few hours, we should have a draft of the Senate's health care overhaul. But even though it hasn't been officially released, parts of the bill have been leaking. On today's show, we'll discuss some of the reforms the measure calls for, which will outline how much power states would have and how Medicaid could change. Afterwards, we'll chat with Guardian reporter Chris Arnade about how divisions in America may not necessarily have to do with a liberal-conservative construct, but with those who left their hometowns vs. those who stayed.
When Gabriela Badillo traveled to Mérida, Yucatán, more than a decade ago, she encountered children who were timid about speaking the Mayan language. As she later came to understand, fear and discrimination were factors that affected the home teaching and use of the region’s native tongue.
“Children were a bit embarrassed to speak Mayan. ... Some mothers opted to not teach them the native tongue to avoid discrimination,” Badillo recalled.
When Waldo Martínez left Sensuntepeque in the early '90s, escaping El Salvador's civil war, he never thought he'd be back 25 years later with an American wife and four Las Vegas-born kids.
Sensuntepeque is a picturesque town about two hours from San Salvador. Cobbled streets weave around the mountain; old stone buildings dot the bustling town center. Yet, despite the quaint charm, Sensuntepeque is also fraught with gang rivalries and tensions.
Growing up in the Rio Grande Valley of south Texas, 24-year-old Julio Cesar Ramos didn’t know he was undocumented. He was in 10th grade when he had to fill out an application to go on a field trip that required him to include his social security number.
“I went back and asked my mom what’s my social security number and that kind of began the whole discussion of, ‘We don’t have one,’” says Ramos.
That experience motivated him to work even harder in school. But it was another life experience, that helped shape his future.
Roughly 11,300 people applied to Loyola’s Stritch School of Medicine in Chicago this year. They interviewed about 600 people. About 160 were accepted — the odds of getting in were less than 2 percent.
And 10 of the students they accepted are undocumented, brought to the US as children. They have DACA status, Deferred Action for Childhood Arrivals, which gives them a temporary work permit and a chance to become physicians.
Princeton economist Atif Mian only tweets a few times a month, and most if it is the kind of dry policy stuff you'd expect from a man whose area of specialization is finance and debt, mixed with the occasional foray into politics.
It's smart, but not necessarily viral material.
He hit Twitter gold this week, though, when he made a simple observation about the recent Nobel Laureates that resonated far and wide: Six people living in the US have won the prize in the sciences this year, and all six are immigrants.
Used to be if you wanted some hand-hewn dreamcatcher earrings or a wallet made of duct tape, there was one place to go: Etsy. The e-commerce website brought artisan-crafted products to customers around the world. It launched with four employees in 2005 and grew into a $1.6 billion public company. But now Etsy’s laying off 15 percent of its staff, the second round of cuts this year. Its problems seem to stem back to when the company let the mass-produced sell alongside the homespun.
Click the audio player above to hear the full story.
Recent attacks abroad — in London, Manchester and Tehran— as well as attacks at home, make us think of the ways in which we're all vulnerable.
Today, we suffer under the constant threat of terrorism. At this point, we're used to heightened security at the airport or at tourist destinations. But what about the threats that come on ships, over our waterways and through our ports?
The US and North America have two large oceans. And obviously, that's a significant layer of defense from anyone who wants to get here, but it's not an impossible barrier.
After more than 20 years, Jim Quigley left his job at a Wall Street investment firm for a smaller market. He got elected town supervisor in Ulster, New York, about 100 miles north of Manhattan. Population: 12,251.
“My family's been in this community since 1849,” Quigley said.
These days, Quigley is working 60-hour weeks, trying to keep the town’s budget in the black. He’s been preparing for a drop in tax dollars from Ulster’s largest taxpayer, the Hudson Valley Mall.
Should inflation be added to the list of things disrupted by tech? For years, we’ve accepted the integrity of the idea of the Phillips curve: that as unemployment declines, wages rise and companies pass along those increased labor costs in the form of price hikes on goods and services. Inflation. But as unemployment has declined in this economic cycle, we’re seeing very little inflation. Is that because of the influence of technology?
Click the audio player above to hear the full story.
Today is the deadline for health insurance companies to decide if they're going to be in or out of the health care exchanges in 2018. Several of the big insurers, like Anthem and Humana, are bailing on the exchanges in many markets, limiting or eliminating options for patients using Obamacare. But while some companies are jumping ship, others are jumping in — like New York startup Oscar, and Centene, based in St. Louis. Why do these companies see this moment as an opportunity when many others are fleeing?
We like to talk to small business owners in order to get a handle on how the economy feels. Catfish farmer Townsend Kyser, who runs Kyser Family Farms with his father, is someone we check in with every so often. The last time we spoke to Kyser, Barack Obama was still in the White House. Marketplace host Kai Ryssdal gave Kyser a call to see how his business is doing. Below in an edited transcript of their conversation.
Townsend Kyser: Good to talk to you again, Kai. How are you?
If there were any lingering doubts about whether video game tournaments were becoming a mainstream phenomenon, today those doubts were dispelled.
NBC Sports Group, part of media giant NBCUniversal, has announced it will launch an esport tournament of its own. Participants will compete in regional, national and international rounds. More than 40 hours of coverage will be available via live-streaming and video-on-demand. The game chosen for the inaugural tournament, Rocket League, pits players, as vehicular avatars, in a soccer match.
It's officially summer, as you may have heard, so this week’s Corner Office is all about the business of vacations. Cruises, actually, under the umbrella of Carnival Corp. Carnival is one of the biggest travel and leisure companies in the world. Its brands include Carnival, of course, but also Princess and Holland America. This week, Kai talks with Arnold Donald, who’s been president and CEO of Carnival since 2013.
Uber CEO Travis Kalanick is making his time away from the C-suite permanent amid investor pressure and a PR firestorm. Kalanick's company changed transportation as we know it, and his aggressive attitude toward growth over everything got the company where it is today in every sense. We'll talk about it. Then: As the GOP keeps hashing out its bill behind closed doors, insurers are deciding whether to stay on Obamacare exchanges. Some big players are dropping out, and that's giving smaller companies an opportunity.
Uber has just undergone a shareholder revolt. Investors have ousted CEO Travis Kalanick following investigations that found widespread abuse in the company's workplace. Adam Lashinsky, an executive editor at Fortune who's also authored a book on Uber, joined us to talk about whether Uber has what it takes to turn itself around, and where Kalanick fits into the future of the company. Afterwards, we'll look at Ford's decision to move production of its next-generation Focus model to China, and then talk about the market for selling Obamacare policies.
Uber CEO Travis Kalanick may have been forced to resign the top spot at the company, but don’t count him out just yet.
Word came out on Tuesday night that investors had ousted him, a move following investigations into the company’s culture and allegations of sexual harassment. Uber has already fired 20 employees amid these probes. Kalanick remains on the board of directors at the company.
When air gets really hot, like 120 degrees hot, it means two things for the air-traveling public in the Southwestern United States. One, your plane will have to go faster to generate enough airflow over its wings to get enough lift to get off the ground. But two, the engines on those planes will generate less thrust.
In other words, your flight could get canceled because it's literally too hot to fly.