Business/Economy

Business and economic news

Trump moving fast on first workday of GOP government

13 hours ago

Farmers pin hopes on Trump's choice for Ag Secretary

14 hours ago
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Annie Baxter

01/23/2017: Unplugging Obamacare

15 hours ago
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Marketplace

01/23/17: Tom Wheeler's exit interview

15 hours ago
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Marketplace

During his time as head of the Federal Communications Commission, Tom Wheeler pushed for internet providers to deliver information at equal speeds. But companies have pushed back against this idea of net neutrality. Wheeler joined us to talk about the telecom industry, his successor, and his plans for the future. Afterwards, we'll hear from Harvard professor Susan Crawford about what telecom policy might look like under President Trump. 

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Bruce Johnson

Telecommunications policy is not exactly a great topic of conversation for a party. But it is really important for every user. We are used to having a fair amount of choice when it comes to who we get our internet from, how much we pay, and what kind of internet we are getting.

But as broadband and wireless internet service providers merge more with the companies that make the stuff we want to get online, the choices we make as users matter even more. And telecom policy has a huge impact on all of this. 

Catherine Rampell of The Washington Post and Cardiff Garcia of FT Alphaville join Marketplace Host Kai Ryssdal to discuss the week's business and economic news. This time, they cover President Donald Trump's decidedly ominous speech at the inauguration, the concept of "buying American and hiring American," and whether we can continue being optimistic about inflation and interest rates.

WhiteHouse.gov already has a new list of issues

Jan 20, 2017
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Kai Ryssdal

The White House IT folks (or was it the policy folks?) didn't waste any time today — the Donald Trump presidency wasn't more than 15 minutes old when the White House website was revamped.

The top issues list now reads: "Energy," "American First Foreign Policy," "Bringing Back Jobs" and "Making Our Military Strong Again." Plus, law enforcement and trade deals.

The Volcker Rule may see some changes

Jan 20, 2017

For years, Republicans have called for a repeal of the Volcker Rule — a ban on certain kinds of risky trading by banks. But in his confirmation hearing yesterday, Treasury Secretary nominee and former Goldman Sachs partner, Steven Mnuchin, said he supports the rule, but he also said some parts of it may need tweaking.

Power shifts in the 'think-tank-ocracy'

Jan 20, 2017
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Mitchell Hartman

Think tanks—from the Center for American Progress and Economic Policy Institute on the liberal side, to the Heritage Foundation and American Enterprise Institute on the conservative side—have played an important role in policymaking in recent decades. 

Princeton University political historian Julian Zelizer said President Ronald Reagan ramped up the practice in the early 1980s. “He turned to conservative think tanks like Heritage (Foundation) for some of the actual proposals—literally drafted by them—during his first 100 Days,” said Zelizer.

Sterling Technologies: A small business optimistic under President Trump

Jan 20, 2017
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Kai Ryssdal and Caitlin Esch

On Thursday’s live show from Erie, Pennsylvania, we introduced you to a county that voted for a Republican presidential candidate for the first time since 1984.

It’s for our series, "The Big Promise," a yearlong reporting project based in Erie County. We’re looking at what happens in a place where the economy's changing, manufacturing jobs have left and voters are counting on the promises the president made during the campaign.

01/20/2017:

Jan 20, 2017

As of noon today, Donald Trump is the 45th President of the United States. Celebrations will continue into the night, but we've convened our Weekly Wrap-ers to talk though Trump's gloomy speech and what's ahead. Plus, a look at how the think tank economy is dealing with Trump, and a Pennsylvania factory that's banking on him. Then, the view from the Mexican border.

Obamacare appeal could hike property taxes

Jan 20, 2017

When uninsured people get sick and can’t pay out of pocket, they often go to public hospitals. And the bills they can’t pay get passed down to residents in the form of property taxes. The Affordable Care Act helped some counties lower those taxes by giving states billions of dollars to expand Medicaid. With a repeal pending, what might happen now?

Click the above audio player to hear the full story. 

Correction: A previous version of this story had an inaccurate headline. It has been updated.

GE focuses on the networked industrial frontier

Jan 20, 2017

As GE reports fourth-quarter earnings, we'll look at the company’s focus on manufacturing with a digital emphasis. GE’s been investing in cloud-based industrial management tools and the “internet of things.”  Does that put the company in a good position to capitalize on the Trump administration’s interest in spurring domestic manufacturing?

Click the above audio player to hear the full story. 

How immigrants are preparing for the Trump era

Jan 20, 2017
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David Brancaccio and Paulina Velasco

As Donald Trump takes his first steps as president of the United States, immigrant communities across the nation are waiting to see if he will turn anti-immigrant rhetoric into anti-immigrant policy.

Leon Krauze, a New Yorker contributor and an anchor at the Los Angeles-based Univision station KMEXsaid that there's fear among Southern California's Hispanic community.

US.gov

Rhetoric dismissing international trade deals has been a central theme for President-elect Donald Trump. While the future of such agreements remains in question, some local officials are arguing the benefits of one trade deal: the North American Free Trade Agreement.


A flurry of regulatory action before inauguration

Jan 20, 2017
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Lane Wallace

On the eve of Friday’s inauguration of Donald Trump, we’ve seen a flurry of activity at the Federal Trade Commission and the Consumer Financial Protection Bureau, agencies with a hand in regulating Wall Street and big corporations.

01/20/2017: The flow of money across borders

Jan 20, 2017
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Marketplace

The Trump administration may institute a repatriation holiday, which would reduce the U.S. corporate tax rate from 35 to 10 percent for a temporary stretch. U.S. corporations have profits parked overseas to avoid the current rate. Harvard professor Fritz Foley looks at whether bringing them over here would help the economy. Afterwards, we'll talk with Univision's Leon Krauze about how immigrants are preparing for Trump's presidency.

Your tech needs for inauguration weekend

Jan 20, 2017
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Clare Toeniskoetter

Thousands of Americans are gathering in Washington, D.C. this week, either to see President-elect Donald Trump’s inauguration or to protest with the Women’s March on Washington. And with the crowds, comes their technology—  cell phones, tablets, cameras. Here’s what to expect in D.C. this weekend: 

New banned items

There are at least two new banned items at inauguration: selfie sticks and drones.

01/20/17: The hefty fees for drone use

Jan 20, 2017
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Marketplace

New gadgets mean new rules. With Trump's inauguration taking place today, D.C. wants to make it clear that drones and selfie sticks are not allowed in the capitol. We'll take look at what attendees WILL be able to bring with them. As for those of us who live elsewhere in the country, we'll also share the ways you can watch the event online. Afterwards, software engineer Tracey Chou will join us to play this week's Silicon Tally. 

01/19/2017: Live from Erie, Pennsylvania

Jan 19, 2017
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Marketplace

The story of Erie, Pennsylvania — a manufacturing town that's lost hundreds of jobs and is looking for President-elect Donald Trump to bring them back — is the story of the 2016 election. Erie County went red for the first time in decades, and now its residents are anxiously waiting to see what Trump's campaign promises look like in action. To kick off our yearlong reporting project "The Big Promise," we're recording the whole show live from a brewery in Erie.

What these small business owners need from Trump

Jan 19, 2017
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Kai Ryssdal and Donna Tam

Editor’s Note: This interview was conducted during our a live show broadcast from Erie, Pennsylvania. Erie is at the center of our year-long reporting project, “The Big Promise.”

Businesses owners don’t always feel like politicians actually understand what they are going through.

Erie's population bolstered by immigrants

Jan 19, 2017
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Kai Ryssdal and Marketplace staff

Editor's Note: This interview was conducted during our a live show broadcast from Erie, Pennsylvania. Erie is at the center of our year-long reporting project, “The Big Promise.”

How does a manufacturing town remake itself for a new economy?

Jan 19, 2017
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Kai Ryssdal and Marketplace staff

Editor's Note: This interview was conducted during our a live show broadcast  from Erie, Pennsylvania. Erie is at the center of our year-long reporting project, “The Big Promise.”

When a city loses jobs the way Erie has, you have a workforce without enough work. That sounds like a simple formula but it brings a lot of problems.

If manufacturing jobs can't come back, what happens next?

Jan 19, 2017
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Marketplace staff

Editor's Note: This interview was conducted during our a live show broadcast from Erie, Pennsylvania. Erie is at the center of our year-long reporting project, “The Big Promise.”

Apple Music’s push toward original content

Jan 19, 2017
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Adam Allington

Any streaming service worth its salt has millions of songs on demand, but the problem is that all of the services out there have the same songs. 

Now, to differentiate itself, Apple Music will offer original video. 

In 2015, Apple launched it as a $10-per-month streaming service, which quickly became a big competitor with companies such as Pandora and Spotify.

“Apple has a long history of using music an entryway into a new business model or business practice," said Aram Sinnreich, a communications professor at American University in Washington, D.C.

Financial crises tend to come around every seven years — which means one may be overdue. We'll look at how Trump's treasury secretary pick, Steven Mnuchin, would handle a period of financial turmoil. Next, we'll explore how Dubai is using the sport of squash to cultivate relationships with major financial institutions. 

 

Bills in two states push to eliminate tenure

Jan 19, 2017
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JaeRan Kim

If you want to stir up some disagreement when talking about higher education, just start talking about tenure, which essentially provides professors permanent employment. The subject has long been a source of controversy.  

Just weeks into 2017, two states have already introduced bills to eliminate tenure from public colleges and universities. Missouri’s proposed law would bar tenure for new professors hired starting next year. Iowa’s bill would eliminate tenure for all of its professors.

To advocates of tenure, its necessity is clear.

Why mud cracks on Mars matter

Jan 19, 2017
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Mark Garrison

The Mars rover Curiosity recently discovered what may be mud cracks on the surface of the planet — evidence that water existed on Mars billion of years ago.

The rover examined what looked like “slabs of rock cross-hatched with shallow ridges,” in an area called “Old Soaker,” according to NASA. These could be the first mud cracks confirmed by Curiosity, but the rover previously found evidence of ancient lakes on Mars in 2015.

New York State

Governor Andrew Cuomo wants to tweak one of his signature economic development programs.

Single-parent families could see higher taxes under Trump

Jan 19, 2017
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David Brancaccio

Who benefits and who loses when the federal tax system gets an overhaul?  

New York University professor Lily Batchelder has looked at how Trump's tax plan might affect the individual's pocketbook, finding that tax cuts for the wealthy could end up being proportionally larger than those for low- and middle-class families. 

Batchelder, also once the deputy director of the National Economic Council, joined us to break down what his plan means for different income brackets. 

The following transcript has been lightly edited. 

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