Business news

Education angst is growing among 18- to 34-year-olds

Jun 25, 2015
Sabri Ben-Achour

The level of financial stress is gradually decreasing over all since the great recession, as one would expect. This is according to surveys from both the American Psychological Association and But according to new data from the latter, the one exception is anxiety over educational expenses.

Why the class of 2015 has a big advantage

Jun 25, 2015
Mark Garrison

We would like to believe that our career success is all because of brains and hard work, but economic research tells us that a fair amount of it comes down to accidents of birth and timing. Finishing college at the wrong time, for example, can be costly.

“Graduating in a typical sized recession leads to about a 10 percent earnings decline,” says UCLA economist Till von Wachter. “And that 10 percent decline lasts about 10-15 years.”

But don’t make the mistake of doubting the value of a college degree.

Marketplace Tech for Thursday, June 25, 2015

Jun 25, 2015

Airing on Thursday, June 25, 2015: First up, we'll talk to Andrew Fitzgerald of Wall Street Journal about how much water data center uses to cool its machines. And as part of our prison technology series, we talk to the co-founder Collaborative Benefit, a LinkedIn type platform that connects incarcerated individuals with employers, about learning to code in prison. We'll also talk to Sam Esmail, creator of the new show “Mr. Robot," about actors playing hackers. 

Experts still puzzling over bird flu

Jun 25, 2015
Annie Baxter

New cases of bird flu appear to be on the wane, after costing U.S.

Buffalo Niagara Partnership delivers annual report

Jun 24, 2015
Michael Mroziak, WBFO

Officials with the Buffalo Niagara Partnership detailed their annual report Wednesday morning before an estimated 300 guests at Buffalo's Canalside.

Bridging a political divide, hoping to make a profit

Jun 24, 2015
Nancy Marshall-Genzer

A Supreme Court decision is expected by the end of the month in King v. Burwell, a challenge to the Affordable Care Act that argues subsidies for health insurance should only be available in states that set up their own insurance marketplaces, or exchanges.

If the court rules against the Obama administration, millions of people in states using the federal exchange could lose their subsidies.  

Greece's tax collectors face public hostility

Jun 24, 2015
Sam Beard

The deal that is now under discussion between Greece and its creditors would involve the country paying a lot more tax. 

That’s bad news for Maria Papadopoulou. She’s a tax official and would be required to collect more revenue — no easy task when you consider what she and her colleagues already face from the reluctant taxpayers of Athens.

“Physical threats, swearing, spitting and sometimes they even try to grab you. We have that on a daily basis." she says. “They threaten you, your mother, your family. This is their way of expressing their anger and their depression.”

Netflix sale nets investor $993 million

Jun 24, 2015
Kai Ryssdal

There's a reason people pay so much attention to Carl Icahn — the corporate raider/activist investor, depending on how you want to characterize him. It's because he knows what he's doing.

On Wednesday morning, Icahn tweeted out that he'd closed his position in Netflix, that is, sold off the last of his stock.

Marketplace for Wednesday, June 24, 2015

Jun 24, 2015

Airing on Wednesday, June 24, 2015:  A merger between Sysco, a marketing and distribution food corporation, and US Foods has been put to a halt by a federal judge – a victory for the Federal Trade Commission. But on the retail end, European grocery chains Ahold and Delhaize are merging, which will make them the fifth-largest grocery operator here in the U.S. Next: Marketplace's Kai Ryssdal talks to Judd Apatow about his new book, “Sick in the Head” and about the comedy business. The "Bridesmaids" producer talks about his comedic beginnings, success, and mentoring young comics. 

Not all food company mergers are equal

Jun 24, 2015
Annie Baxter

A federal judge has put the brakes on Sysco's planned acquisition of US Foods, which the Federal Trade Commission challenged for anti-trust reasons. Analysts don't expect that regulators will get as worked up over a merger between the European grocery chains Ahold and Delhaize, which both generate a big chunk of their sales in the U.S. 

Judd Apatow on his band of comedians and radio roots

Jun 24, 2015
Kai Ryssdal and Bridget Bodnar

Producer, director, writer, and comedian Judd Apatow has a lengthy resume that includes cult classic TV shows like “Freaks & Geeks,” and hit films like “Knocked Up” and “Bridesmaids.” He’s worked with the likes of Gary Shandling, Ben Stiller, and Roseanne Barr. Before he became someone who worked alongside some of the greatest minds in comedy, he interviewed them.

How Ford is competing with Google

Jun 24, 2015
Molly Wood

Update: Ford is stepping into the sharing economy.

PODCAST: Putting money in the luxury car

Jun 24, 2015
Mark Garrison

Greece and its endless troubles are on investors' minds today as EU leaders meet in hopes of finding a way out of the Greek debt crisis. There's also fresh data today that gives us a look into the U.S. economy. We'll look at what it all adds up to.

After TPP vote, what's next for unions?

Jun 24, 2015
Nova Safo

The Senate today is expected to give final approval for a bill that gives the president fast-track authority to negotiate the Trans-Pacific Partnership trade agreement.

If the measure passes, it will be a defeat for labor unions, which have been trying to scuttle the trade deal. They built a large coalition to oppose it; from firefighters, to environmental and non-profit groups, to tech companies.

Their argument has been, among other things, that other trade policies have cost jobs and contributed to stagnating wages.

Airing on Wednesday, June 24, 2015: Senate is expected to clear fast-track authority legislation and send it to the president today. Big labor has gotten the blame or credit, for tough opposition against the Trans-Pacific Partnership. The question is: how might they influence the trade deal going forward? Plus, a mega-merger in Europe may seem far away until you realize what it could mean for what you pay for food in America. More on that. And when it comes to providing social services as a way to head off health costs, it’s not one-size-fits-all. It’s one-size-fits-one.

Kicking the Highway Trust Fund can

Jun 24, 2015
Tim Fitzsimons

The House of Representatives will hold a hearing Wednesday on a proposed a corporate tax holiday on money kept overseas as a way of refilling the drained coffers of the Highway Trust Fund. The plan would temporarily reduce the tax rate to get the money back to the U.S., then stash it away to pay for roads and bridges. 

Personalizing medicine with tailored social services

Jun 24, 2015
D Gorenstein

Evelyn Powell is 68 years old and extraordinarily sick.

“I have emphysema. I’ve got arrhythmic heart failure, got asthma,” says Powell, who runs a rooming house in Portland, Oregon. “I was in and out of the hospital all the time, it would be a month, a whole month, I’d be in the hospital three or four times.”

She’s the kind of patient who gets labeled a “frequent flier” by healthcare providers. It’s a pejorative label, and from a distance it’s certainly easy to judge Powell: she struggled to keep track of her medication. She ate lousy food. She kept smoking. 

Marketplace Tech for Wednesday, June 24, 2015

Jun 24, 2015

Airing on Wednesday, June 24, 2015: First up, we'll talk with Alex Gawley, Product Management Director at Google, about Gmail’s new unsend button. And Molly Wood, Marketplace Senior Tech Correspondent, joins us to talk about Amazon’s Echo release. We'll also speak with Nick Higgins, Director of Outreach Services at Brooklyn Public Library and Luce Maldanado Romero and family, about a program that allows inmates to read to their kids over remote video conference, for the third segment in our “Jailbreak” series.

D Gorenstein

Indiana Jones, he’s not.

“I’m a 5’7” guy from Portland, Oregon, raised in a Jewish family,” says Dr. David Labby, making him perhaps more Woody Allen than Harrison Ford.

But like the daring archaeologist from the movies, Labby is after a rare and elusive prize: He wants to keep chronically ill and poor patients in Portland from landing in the hospital again and again.

Darden's real estate play

Jun 23, 2015
Tracey Samuelson

Eaten at the Olive Garden lately? You probably thought more about the bread sticks than who owns the building — fair enough. However, Darden Restaurants, which owns the Olive Garden, Long Horn Steakhouse and some other chains, announced Tuesday that it’s going to spin off its real estate into something called a REIT — a real estate investment trust — and then lease the properties back.

Good Humor rolling out ice cream trucks for tour

Jun 23, 2015
Kai Ryssdal

Summertime is officially going all digital and social media.

Ad Age reports that Good Humor is bringing back its ice cream trucks.

I know — awesome, right?

Except, well, instead of that classic jingling of ice cream truck bells, you're going to have to follow the truck on Twitter to figure out where it's going to be.

Which just makes me sad, somehow.

Marketplace for Tuesday, June 23, 2015

Jun 23, 2015

Airing on Monday, June 23, 2015: Massachusetts has scrapped the decades-old method of defining low-income students in public schools based on income information submitted on applications for free and reduced-price lunches. The new measure relies on whether families receive benefits like food stamps, and it has “reduced” the number of kids classified as poor. Marketplace looks at this new assessment, its potential impact on school funding and whether it will catch on in other states.

Amy Scott

For years, the federal school meals program has been one of the most powerful forces in education. Not just because it feeds kids, but because the percentage of students who qualify for free and reduced-price meals has been the main way schools measure poverty. That number, in turn, can impact everything from school funding levels to accountability programs. 

Facial Recognition: An Eventuality

Jun 23, 2015
Kai Ryssdal, Alberta Cross and Julian Burrell

Targeted advertising is everywhere these day. Be it your Facebook profile, your browser history or anything else online, all of your data is being collected for one purpose: to sell you more stuff.

Now there’s a new frontier in tracking technology: Facial recognition software. Companies want to be able to track your identity and keep note of the things you regularly consumer a near-constant basis.

Marketplace Tech for Tuesday, June 23, 2015

Jun 23, 2015

Airing on Tuesday, June 23, 2015: First up, we'll talk to Lindsey Turrentine, CNET, about Instacart reclassifying some of its workers as employees. Then, Peter Wayner, author and programmer, joins us to talk about Amazon’s new pay-per-page structure for self-publishers and what it means for writers and readers. And Bernadette Rabuy, Prison Policy Initiative, tells us about video visitation in jails, the second segment in our “Jailbreak” series.

PODCAST: Fees, glorious fees

Jun 23, 2015
David Brancaccio

2015 is the year bonds have been convulsing around the world. More on that. Plus, Fees to check bags, change tickets, cancel flights – airlines now charge their customers a raft of fees for all sorts of things. We take a closer look at the exponential growth of airline fees. Plus, if there is one (unqualified) success story from the Empowerment Zone in Baltimore, it might be a small but vigorous job-training program started by the Chesapeake Biological Laboratory in conjunction with Johns Hopkins.

Airing on Tuesday, June 23, 2015: South Carolina Gov. Nikki Haley declared that the Confederate flag should be removed from the statehouse grounds. Now, Wal-Mart is saying its removing all Confederate flag merchandise from its stores. More on that. And Congress gets to work this week figuring what to do with federal education funding for next year. A lot is on the chopping block, including grants for improving math and science education, and school safety, as well as Title I funds for low-income students.

House bill slashes education funding

Jun 23, 2015
Tim Fitzsimons

The House Appropriations Committee released its draft spending bill for Labor, Health and Human Services, and Education departments, and budget watchers noted deep cuts to federal education funding.

It cuts nearly $3.8 billion from mostly education and healthcare. The National Institutes of Health is one area that gets more money.

Job training works in Baltimore

Jun 23, 2015
Noel King and Caitlin Esch

Jamond Turner used to work as a security guard at Johns Hopkins University, where one evening, his rounds took him past a laboratory. Turner was impressed by what he saw and decided to pursue a career in laboratory work.

The decision brought him to the BioTechnical Institute of  Maryland, a nonprofit that trains unemployed and underemployed Baltimore residents tuition-free for entry-level, high-skill jobs in labs.

Buffalo Manufacturing Works ready for growth

Jun 22, 2015
Michael Mroziak/WBFO News

Although its 22,000 square foot facility has been open for only two months, Buffalo Manufacturing Works on Main Street is poised for a big expansion of services as it prepares to begin its second fiscal year next month.