Marketplace

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With in-depth focus on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets, Marketplace is timely, relevant and accessible coverage of business, economics and personal finance.

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Are Republicans softening on carbon taxes?

Sep 12, 2018

The Global Climate Action Summit kicked off today in San Francisco, bringing together around 4,000 political and business leaders, scientists and activists from around the globe with the goal of highlighting successful approaches to tackling carbon emissions. And a tax on those emissions is one of the approaches on the agenda.

The software that changed the economy

Sep 12, 2018

You probably haven't heard of Michael Osinski. He's an oyster farmer in upstate New York. But before he did that, in the '80s, he wrote the software that helped banks securitize mortgages — software that would contribute to Lehman's collapse and to the financial crisis at large. We'll bring you his story today, but first a look at e-cigarettes. The FDA is giving  manufacturers like Juul 60 days to come up with a game plan addressing teen vaping, threatening to pull products if they don’t comply. Then: the sociology of white privilege.

President Donald Trump announced he wants to pull the U.S. out of the Paris climate agreement a little over a year ago. Since then, a coalition of leaders from states, cities, businesses and universities called America's Pledge has been trying to keep the United States on track to meet the Paris accord's emission targets by its 2025 deadline.

Fracking made the U.S. a major oil producer, but not energy independent

Sep 12, 2018

The oil shortages of the 1970s triggered laws that banned the export of American crude oil. Those lingering fears of scarcity kept those laws around for decades. Then came the shale revolution in mid-200os, otherwise known as the fracking boom, which helped the United States become one of the world's top oil and gas producers.

Tariff jitters grow at Washington state port

Sep 12, 2018

For many who work at the Port of Vancouver in Washington along the Columbia River, the impacts of President Donald Trump’s escalating trade war are already here.

“Usually this yard is filled with steel, and I’m not seeing that,” said Cager Clabaugh, the president of the local longshoremen’s union.

Less steel on the docks is a big problem. The Port of Vancouver handles the second-largest volume of imported steel on the West Coast. Steel imports make up about a third of its revenue, and officials are predicting a decline of at least 5 percent this year.

Washington state feels the burn of trade conflict

Sep 12, 2018

(Markets Edition) Do tariffs “hurt the heartland?” That’s the message of a new campaign from the Americans for Free Trade coalition, which consists of some of the nation’s biggest farming, manufacturing, tech and retail companies. Also, a key number that measures inflation — the Producer Price Index — posted its first drop in more than a year.

Is fracking the key to U.S. energy independence?

Sep 12, 2018

(U.S. Edition) The Congressional Budget Office has new numbers about the federal deficit, and they say it's only getting bigger. Billions bigger. Also, Apple is expected to announce a trio of new iPhones along with updates to some other products, but this time with the specter of the trade conflict with China hanging over it. Then, we look at oil and how the U.S. is on pace to be the third largest oil producer in the world, thanks to the process of fracking. But an author told us that the U.S.

(Global Edition) From the BBC World Service … The European Parliament on Wednesday votes on a controversial copyright law that would impact some of the world’s biggest tech companies, like Google’s YouTube. Then, Britain’s central bank governor, Mark Carney, on Wednesday told the BBC that while regulators have done a lot to fix the global financial system, risks still remain for both the global economy and the U.K. He said China is at the “top of the list.” Afterwards, this week, we’re taking a look at how the global economy has changed in the decade since the financial crisis.

Apple's secret weapon? The semiconductor

Sep 12, 2018

Most people are looking at the new iPhones and thinking about the camera performance, the size of the screen, the notch situation. But we nerds here at Marketplace Tech will be thinking about the semiconductor. Yeah, many people will probably ignore the part in Apple's new gadgets announcement today about the A12 processor and what a big difference it's going to make for speed, performance and battery life. But these guts are actually what set Apple apart — and ahead — of other smartphone makers, because Apple designs its own semiconductors for all its mobile devices.

Apple's secret weapon? The semiconductor

Sep 12, 2018

Most people are looking at the new iPhones and thinking about the camera performance, the size of the screen, the notch situation. But we nerds here at Marketplace Tech will be thinking about the semiconductor. Many people will probably ignore the part in Apple's new gadgets announcement Wednesday about the A12 processor and what a big difference it's going to make for speed, performance and battery life. But these guts are actually what set Apple apart — and ahead — of other smartphone makers, because Apple designs its own semiconductors for all its mobile devices.

Two of the country’s biggest steelmakers, U.S. Steel and ArcelorMittal, have contracts with their 30,000 or so union members that just expired on Sept. 1. The United Steelworkers Union is in the heat of negotiations with both companies on a new contract and steel’s still coming off the line.

Hurricane Florence is expected to hit several states along the Eastern Seaboard, including North and South Carolina, and Virginia, on Thursday. More than a million people have been ordered to evacuate. Federal agencies are scrambling to coordinate the relief supplies that are probably needed in the days ahead. This will be the Federal Emergency Management Agency's first hurricane to handle since the storms of last year — Irma, Harvey, and Maria. 

Click the audio player above to hear the full story. 

How socialism became the talk of the midterms

Sep 11, 2018

Socialism is getting more attention in American political races, with high-profile candidates embracing so-called socialist policies and groups like the Democratic Socialists of America swelling their membership ranks and openly backing congressional candidates like New York’s Alexandria Ocasio-Cortez.

Ten years ago this week, investment bank Lehman Brothers collapsed. Unlike similar financial institutions, it collected no government bailout. It was not too big to fail.

"Too big to fail" is closely associated with the financial crisis of a decade ago. It was used as a justification for those government bailouts.

The idea behind "too big to fail," of course, is that some institutions are just so massive and interconnected that their failure would mean disaster for the economy.

Time may be up for timekeeping radio stations

Sep 11, 2018

The Trump administration wants to shut down two shortwave radio stations that broadcast time signals from the nation’s master clock.

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