FMLA celebrates 25th anniversary

Feb 5, 2018

The Family Medical Leave Act was signed into law a quarter of a century ago today. It was an important step in granting American workers time to care for newborns or sick loved ones. Now, though, U.S. support for families lags behind most developed countries, but there is momentum to update the program. 

Click the audio player above to hear the full story. 

Why does Costco sell luxury items?

Feb 5, 2018

This is just one of the stories from our "I've Always Wondered" series, where we tackle all of your questions about the world of business, no matter how big or small. Ever wondered if recycling is worth it? Or how store brands stack up against name brands? What do you wonder?

(U.S. Edition) Friday's weak showing for stocks — the weakest day for stocks of the Trump presidency — is contributing to drops around the world. We'll hear more from Michael Hewson, chief market analyst at CMC Markets, about what could be going on. Afterwards, we'll look at why the January jobs report — which showed American workers were getting paid more — might not be as positive as it seems.

Where millennials stand on immigration

Feb 5, 2018

The Trump administration's hard-line stance on immigration over the past year has led to fierce disagreement between Republicans and Democrats, even playing a major role in January's government shutdown

(Global Edition) From the BBC World Service … Brexit is causing political turmoil with talk that Prime Minister Theresa May could be removed by her own party. We’ll bring you the latest on U.K.-EU divorce talks. Then, the heir to Samsung has been freed from prison after a year behind bars. Afterwards, a journey to South Korea where, despite facing corruption allegations and mounting pressure to  step down, the country’s president still remains in office. We’ll explain what’s next for party leaders who are meeting today to discuss their next move.

When companies choose not to go public, does that hurt the public?

Feb 5, 2018

Market volatility aside, Dropbox probably is going public in 2018Airbnb is apparently not.  Stripe, SpaceX, WeWork, Slack … maybe?

Market volatility aside, why does a company decide to go public?  Is it just to repay investors, or is it about scaling the product, or is it about having a big branding event? Marketplace Tech host Molly Wood talks with venture capitalist Annie Lamont about why tech companies decide to go public, and why fewer are taking the leap. 

Updated at 1:45 p.m. ET

At least two people were killed and at least 100 people were injured early Sunday morning when an Amtrak train derailed after colliding with a freight train in South Carolina.

The derailment happened in Cayce, outside of South Carolina's capital of Columbia.

Amtrak said a train going between New York and Miami "came in contact" with a CSX freight train at about 2:35 Sunday morning.

More than 100 million people will watch the New England Patriots battle the Philadelphia Eagles in Super Bowl LII on Sunday. Between the action (and the queso, wings and beers) NBC is sure to give viewers a shot of the owner’s box. On one side, the Patriots’ Robert Kraft, a guy who made his money in paper and packaging. On the other side, Jeffrey Lurie, whose grandfather founded General Cinema. Their teams are opponents, but the owners have one thing in common — they’re white men. Ownership in the National Football League is almost exclusively made up of guys like them.

02/02/2018: Markets go down, too (and that's OK)

Feb 2, 2018

You hear us say it all the time: The stock market is not the economy. That's especially true today, as the Dow took a steep dive just after a really great jobs report. We'll talk about it on the Weekly Wrap. Then: We're gonna dig into wages, because the 2.9 percent growth we saw last month was a big deal after years of stagnation. Plus: When you watch the Super Bowl this weekend, take a look at the owners boxes: full of white guys, like nearly every team in the NFL. But why?

02/02/18: Immigration, ideas and ice cream

Feb 2, 2018

This week, we take on three of the most important I's in life: immigration, ideas and, of course, ice cream. We dive into an online program businesses use to check someone's immigration status and look at its successes and pitfalls. Plus, ever wondered what it takes to patent an idea? We try to do just that with a dog translator. Also, we speak with a Ben & Jerry's "flavor guru" about working as an ice cream taste tester (dreams can come true). And a farewell to Janet Yellen, with a look at her legacy and the path she paved for female economists.

For immigrant Republicans, Trump’s turn to limit legal immigration creates divisions

Feb 2, 2018

There were no surprises in President Donald Trump’s State of the Union speech around immigration. His administration already released its framework for immigration reform and Trump emphasized those same points Tuesday night.

Here is the truth about wages that you won’t hear from Trump

Feb 2, 2018

When he delivered his first State of the Union speech on Tuesday, President Donald Trump pointed to growing wages as a sign of the strong state of the U.S. economy. However, while we are finally starting to see some signs that wages are going up, many workers are still not seeing the effect on their paychecks.

Did you know it's a federal crime to release a bird into a house in order to scare another bird out of the house?

We wouldn’t without the Twitter account @CrimeADay. For the past few years, Mike Chase has combed through the thousands of laws Congress has passed that have criminal consequences, and the hundreds of thousands of regulations that federal bureaucrats have written to implement those laws. Then he tweets about one obscure federal crime every day.

Updated 2:30 p.m. ET

President Trump joined his Republican allies on Friday in piling on with attacks about "bias" in the FBI and the Justice Department as Washington, D.C., waited on tenterhooks for the release of a controversial secret spying memo.

02/02/2018: The Super Bowl food wars

Feb 2, 2018

(Markets Edition) The Labor Department released its jobs report for the month of January, revealing that the economy added 200,000 new jobs and that wages are up about a third of a percent. Chris Low, chief economist with FTN Financial, joined us to discuss whether this wage growth is significant and why it's happening. Afterwards, we'll look at how the Super Bowl rivalry between the New England Patriots and the Philadelphia Eagles is extending to food establishments. Some places in Philadelphia and Boston are taking each other's foods of their menus.

U.S. added 200,000 jobs in January, and pay is up by most in 8 years

Feb 2, 2018

This story was updated at 7:55 a.m. CT.

WASHINGTON (AP) — U.S. employers added a robust 200,000 jobs in January, and wages rose at the fastest pace in more than eight years, evidence of a consistently healthy job market.

The pay gains suggest that employers are increasingly competing for a limited pool of workers. Raises stemming from Republican tax cuts and minimum wage increases in 18 states also likely boosted pay last month.

(U.S. Edition) With the Labor Department set to release the January jobs report soon, we'll look at the pace of economic recovery. It's been improving for years, but how long can that pace keep up? Afterwards, we'll talk about the uncertainties facing the oil market, and then discuss how insurers are handling the opioid epidemic.

Around 5 a.m. the morning after the Eagles won the NFC Championship, Dottie’s Donuts in Philadelphia decided it would not make one of its top sellers: the Boston Creme.

On Sunday, the New England Patriots will go up against the Philadelphia Eagles in the Super Bowl in Minneapolis. Businesses in both their home towns have identified a business opportunity: taking their rival cities’ products off their shelves or, in some cases, replacing them with tongue-in-cheek versions.

The pace of job creation has been slowing

Feb 2, 2018

The pace of job creation has declined every year since a post-recession peak of 250,000 per month in 2014. Last year, job creation was down to about 170,000 per month. And it could slow even more over the next couple of years. That’s because with unemployment so low, employers are having a harder time finding available workers. Baby Boomers are retiring and population growth is slower today than it was in the past.

(Global Edition) From the BBC World Service… Japanese regulators raided Coincheck’s offices this morning, a week after hackers stole nearly $500 million from the cryptocurrency exchange. Does this spell the beginning of a larger global regulatory crackdown on crypto? Then, Britain’s prime minister, Theresa May, concluded her diplomatic trip to China this week by bringing home more than $12 billion in deals with the promise of creating more than 2,000 jobs. But will that help bolster U.K. citizens’ diminishing confidence in her post-Brexit abilities?

Updated at 7:30 a.m. ET

We're in for six more weeks of winter, at least if you take your meteorological cues from a woodchuck.

According to his handlers, Punxsutawney Phil has seen his shadow.

Phil, the world's most famous groundhog, lives a pretty charmed life. He and his groundhog wife, Phyllis, reside in their own zoo at the town library in Punsxutawney, Pa., where visitors can peer at them through an outside window. The groundhogs dine on hand-chopped produce and nap on a bed of soft hay.

Cookbook author and former chef Amy Thielen says working in restaurant kitchens can be a postive experience, almost like being a member of a supportive large family, or playing a role in theater troupe. But she’s also seen the dark side to many kitchens, one that allows for sexism, physical aggression and verbal conflicts. Thielen recounts her life in kitchens in her book, Give a Girl a Knife. She discusses her experiences – good and bad – with Francis Lam.

Kat Kinsman has been writing about food for over a decade. But in her other life, she writes about something else: living with mental illness. A few years ago, while she was interviewing chefs, she began to notice how much anxiety and depression came up in conversation. So, she’s trying to do something about it.

Francis Lam: You started a website and a Facebook discussion group called ‘Chefs with Issues.’ What's it about?

Amy Thielen reads from Give a Girl a Knife

Feb 2, 2018

Amy Thielen reads an excerpt from her book Give a Girl a Knife, a memoir recounting the many struggles -- and support -- she encountered during her years of working in restaurant kitchens.

If Julie’s predecessors, such as T1, had taught me to cook well fast, she taught me to cook well even faster, and for bigger numbers.

Frozen in time, The India Club faces an uncertain future

Feb 2, 2018

The India Club is a totally nondescript place in the center of London, two flights up from the street, but it turns out to be a vital center for the British Indian community. It even played a role in India’s fight for independence. However, it might not be long for this world. Reporter Meara Sharma has the story.

Meara Sharma

02/01/2018: Unintended consequences

Feb 1, 2018

With all the drama in Washington these days, you may have missed another deadline looming soon: the federal debt limit. While the government shutdown a couple of weeks ago was about Congress failing to approve new money to pay for government services, the debt ceiling limits how much the Treasury can borrow to pay what we already owe. Thanks to the new tax law, we might hit that ceiling a little sooner than expected. Plus, we'll bring you the latest from Facebook and an excerpt from our podcast The Uncertain Hour. 

A new Texas law took effect this year: SB 4. Under SB 4, if local law enforcement officers don’t cooperate with federal immigration agents, they’re breaking the law. So it’s now illegal to be a sanctuary city in Texas. A number of sheriffs in metropolitan area, including Dallas and Houston, have said they still won’t hand over undocumented people to federal Immigration and Customs Enforcement (ICE) agents. But what about people without legal citizenship out in the countryside? Many people there are facing the new reality of living in fear.

(Markets Edition) The Fed didn't raise interest rates at its meeting this week, but they're priming folks to expect one in March. Dine Swonk, chief economist at the accounting firm Grant Thornton, joined us to discuss why they're likely to do a hike, along with what we should expect from the January jobs report. Afterwards, we'll look at a possible join venture between Google-Alphabet and the state oil company Aramco.

Jerome Powell will officially take over the Federal Reserve on Saturday, replacing Fed Chair Janet Yellen. Powell used to work at the Carlyle Group — a private equity firm — and as a Treasury Department official for the first George Bush administration (though note: he's not an economist).