Tue, 25 Apr 2017 00:00:00 -0500The U.S. Commerce Department has announced a new set of tariffs to raise the cost of wood produced by several Canadian lumber companies. Turns out lumber pricing has been a source of tension for decades. We'll take a look at how much these tariffs will increase by and what this could mean for the future of NAFTA. Afterwards, we'll discuss why not all of President Trump's policies are sitting well with farmers. And finally, we'll chat with former New York Times columnist Bob Herbert about his new documentary "Against All Odds," which examines how discriminatory policies in the U.S. have made it much harder for African-American men and women to enter the middle class.
Fri, 21 Apr 2017 05:01:00 -0500The final episode of a special three-part podcast series on automation and the economy. If technology makes humans obsolete, how do we make a living? Plus: Think you know which jobs would survive a robot takeover? Take our quiz here: marketplace.org/robotproof
Fri, 14 Apr 2017 04:54:01 -0500The second episode of a special three-part podcast series on automation and the economy. As technology competes with us for work, one strategy to fend off the machines is to become their creator. Plus: Think you know which jobs would survive a robot takeover? Take our quiz here: marketplace.org/robotproof
Mon, 10 Apr 2017 04:36:46 -0500The first episode of a special three-part podcast series on automation and the economy. Technology is increasingly replacing work done by humans, but some jobs are more resistant than others — we'll find out which. Plus: Think you know which jobs would survive a robot takeover? Take our quiz here: marketplace.org/robotproof
Wed, 11 Jan 2017 06:46:08 -0600As Treasury Secretary Jack Lew prepares to leave the office he’s held for nearly four years, he spoke with David Brancaccio about his economic legacy. Lew shared his thoughts about the Great Recession of ’07-‘08, and the steps he and his colleagues took to institute regulations on the financial industry – a framework he hopes will stay in place as a safeguard against future economic crises. As the nation prepares for the transfer of power between President Obama and President-Elect Trump, Lew addressed the concerns of Americans across the country who have felt dislocated by the economy, and what he believes should be done to support the working class moving forward.This interview has been edited for length and clarity. David Brancaccio: After financial markets nearly froze up in 2008 and 2009, triggering the Great Recession, new rules were put into place to keep Wall Street from ever again taking the sort of risks that would require a government bailout. With the new administration in the wings the pendulum could swing back. A top agenda item for the new team is deregulating Wall Street. Is there room now for some deregulation of financial services and financial markets?Jack Lew: I think you have to start by remembering how far we've come. In 2007, 2008 our financial system was in terrible shape. We were surprised by a financial crisis that led to the worst recession since the Great Depression and it led to the most expansive overhaul of our financial regulatory system since the Great Depression. Today we have financial institutions that have deeper capital and I think they're the best capitalized financial institutions in the world. We have transparency where we used to have opacity so that complicated financial products will in the future not be some mysterious box of potential exploding problems. If a financial institution hit a speed bump in ’07, ’08, the uncertainty of what was inside those institutions was an accelerant to the financial crisis. We have procedures in place to resolve failing institutions so the taxpayers should never again have to step in and become the equity holders of financial institutions. So I think before one asks what could change we have to remember how far we've come, and with a bit of humility recognize that until tested in a financial crisis, we don't know whether what we've done is as effective as we think it is. The fact there hasn't been a financial crisis is not a reason to unwind what we've done. We built the system to withstand a shock that hasn't come, and happily has not come on my watch but will come because there are cycles, and shocks come.I think that if you look at the questions that people raise often about where reform might be debated one issue is small banks. And I think there's very broad openness to thinking about treating the smallest banks differently from large ones.Brancaccio: Some of them feel that the added regulation is onerous.Lew: We have a lot of flexibility, and that flexibility has been used to not have a one size fits all approach. But the problem is when people advocate for small bank special rules, they sometimes jump exponentially to a size of institution that meets no definition of small. So for example, under the Dodd-Frank law, there is a threshold of $50 billion for the size of an institution that you pay a certain level of scrutiny to. If there were a debate about raising that from 50 to 100, I think reasonable people would probably find a way to agree that there are small institutions that should get some special consideration. But the last major proposal put forth to reform Dodd-Frank didn't go from 50 to 100. It went from 50 to 500, and at $500 billion you're talking about some of the largest financial institutions in the country, so reform has to be incremental and sensible. It can't be painted with such a broad brush that we undo some of the basic protections we have.I actually am pretty confident that, because it[...]
Mon, 24 Apr 2017 00:00:00 -0500There's been a big shake-up in Europe. Two outsiders have taken the lead in France's presidential election: Centrist Emmanuel Macron and the far-right nationalist Marine Le Pen. We'll look at how the news has affected global markets, and what France's election could mean for them in the coming weeks. And in news across the pond, we'll examine the latest results from our Marketplace-Edison Research Poll, which finds that nearly three-quarters of Americans — regardless of party — feel the government in Washington has forgotten them.
Fri, 21 Apr 2017 07:36:00 -0500We’re expecting another series of executive orders from President Trump that'll deal with taxes and financial regulations. Marketplace's Kimberly Adams explains what's in store for our financial future. Afterwards, as part of our "Robot-Proof Jobs" series, we'll chat with Thomas Kalil, a former deputy director for the White House Office of Science and Technology Policy. Kalil shares how we can apply AI to the classroom to teach tech skills and beat a robot takeover.
Thu, 20 Apr 2017 05:00:00 -0500Fox has fired Bill O'Reilly amid sexual harassment claims against the TV host. Bad publicity, of course, can matter a lot when it comes to corporate decisions like these. We'll recap some of the events leading up to the ousting, which include the departure of more than 50 advertisers, and look at a big financial deal in Europe that may have influenced the move. Next, we'll examine a new study that finds it can make a huge difference if a person attends community college full-time. And afterwards, we'll hear from the Harvard economist Richard Freeman about why more of us should become shareholders as our reliance on automation increases.
Wed, 19 Apr 2017 05:00:00 -0500Now that we're at the center of quarterly earnings season, we'll take a look at how Yahoo, IBM and Volkswagen are faring. Next, we'll discuss New York City's plan to prohibit employers from asking job candidates about their current or past pay levels, and then look at the increased focus on automation in Pittsburgh.
Tue, 18 Apr 2017 00:00:00 -0500UnitedContinental posted strong quarterly profits yesterday. Now United CEO Oscar Munoz is set to brief investors this morning, following an incident in which a passenger was forcibly removed from one of the company's flights. We'll look at whether the company can bounce back from the controversy. Afterwards, we'll talk about a new kind of debt collector that might be coming after people who haven't paid their taxes. And finally, we'll discuss a new experiment in Silicon Valley where researchers plan to give people free money (seriously).
Mon, 17 Apr 2017 00:00:00 -0500Cybersecurity experts are combing through data released by hackers who claim to have infiltrated the National Security Agency. The info makes it look like the NSA hacked into financial service providers in the Middle East. We'll delve into how the security community is responding to the leak. Afterwards, we'll examine how much of a threat the growing live-streaming TV business poses to Netflix. And finally, we'll chat with Congressman Ro Khanna about his book "Entrepreneurial Nation," which looks at why manufacturing is still important in American society.
Fri, 14 Apr 2017 05:00:00 -0500It's the final day of David Brancaccio's road trip across the Midwest in search of robot-proof jobs. One occupation that doesn't seem to be going away anytime soon? CEO. He's talking to experts who say we could see more and more of them with the rise of entrepreneurialism. Afterwards, we'll discuss the struggles that U.K. manufacturing companies face when it comes to recruiting workers, and then look at Wal-Mart's latest discount offering in an attempt to compete with Amazon.
Thu, 13 Apr 2017 05:00:00 -0500We continue our "Robot-Proof Job" series today with a look at one profession that can't easily be replaced by machines: occupational therapist, a job built on relating to people and solving creative problems. Marketplace's David Brancaccio visits Illinois to chat with an occupational therapist about the skills that her line of work requires. Afterwards, on the heels of JPMorgan Chase's earnings report release, we'll talk about why bank lending growth has stalled.
Wed, 12 Apr 2017 05:00:00 -0500After visiting Pennsylvania and Ohio, Marketplace's David Brancaccio is now in Michigan as part of our "Robot-Proof Jobs" series. There, he'll explore how vulnerable teaching jobs are to automation. Afterwards, we'll look at President Trump's decision to end the freeze on federal hiring — with a caveat. The Trump administration wants federal agencies to create plans that minimize employment with "surgical" cuts to staff.
Tue, 11 Apr 2017 05:00:00 -0500The White House is putting trade front-and-center of its jobs policy, but when it comes to issues the American workforce faces, technology may be the bigger challenge. As part of our "Robot-Proof Jobs" series, Marketplace's David Brancaccio visits Oberlin, Ohio today to meet up with a composer — an occupation that the data suggest is immune to the forces of automation. Afterwards, we'll look at the future of Toshiba, which has reported a loss approaching $5 billion in the last nine months of 2016.
Mon, 10 Apr 2017 05:00:00 -0500We keep talking about the threat that globalization poses to American jobs. But much of the competition for jobs comes from inside our borders, with robots, artificial intelligence and algorithms increasingly entering the workforce. As part of a new series, we'll hear from Marketplace's David Brancaccio about his road trip across the Midwest in search of "robot-proof" jobs. Next, we'll look at the FDA's decision to allow the company 23andMe to sell home genetics tests for diseases, and then talk about some of the economic concessions China is planning to make to the U.S. following their meeting last week.
Fri, 07 Apr 2017 09:49:00 -0500What to expect from today's jobs report and how to read companies' upcoming earnings reports with Marketplace's Aaron Schrank. Plus, David Brancaccio kicks off his Midwest road trip exploring the relationship between humans and the robot workers that their jobs are increasingly in competition with.
Thu, 06 Apr 2017 08:35:00 -0500First, Marketplace's Nancy Marshall-Genzer discusses market shifts as the Federal Reserve shrinks its bond portfolio. Then, we look at new research showing that high school dropout rates among African American students are significantly lower if students had a black teacher in elementary school. Finally, David talks to MIT professor and author Erik Brynjolfsson about stagnated wages in middle-skilled jobs, and how this makes them ripe for robot takeover.
Wed, 05 Apr 2017 05:00:00 -0500Richmond Fed President Jeffrey Lacker has resigned, saying he might have revealed confidential information to a Wall Street analyst. We'll explore what could have motivated the leak. Afterwards, we'll discuss the possibility that China might get tougher on genetically modified crops grown by U.S. producers. And finally, we'll hear from a Marketplace listener who lost his job as a machinist because of advanced technology.
Tue, 04 Apr 2017 05:00:00 -0500Tesla's stock market value has just beat out Ford's, making it no. 2 to General Motors. We'll look at why investors are so optimistic about the electric car company's prospects. Afterwards, we'll examine Uganda's struggle to manage its refugee crisis, a problem that could worsen if the U.S. goes through with making major cuts to all foreign aid. And as part of Equal Pay Day, we'll chat with LeanIn.Org founder Sheryl Sandberg about the organization's campaign to raise awareness about the gender pay gap and how businesses should tackle the issue.
Mon, 03 Apr 2017 05:00:00 -0500President Trump says he wants to bring back jobs from overseas, but one of the big threats to the American worker might actually be technology. We're exploring the issue in our new series "Robot-Proof Jobs." We'll kick off our coverage by chatting with Martin Ford, a futurist and author, who explains the effects that tech will have on the labor force. Afterwards, we'll look at forecasts that predict a bump in auto sales, a trend that may have to do with a rise in subprime lending. And finally, we'll talk about McDonald's plan to compete against other fast-food chains by using fresh beef instead of frozen patties in its Quarter Pounder.
Fri, 31 Mar 2017 05:00:00 -0500During his campaign, Trump criticized America's trading relationship with the rest of the world. Now his administration is set to issue two executive orders on trade today. We'll take a look at what the president plans to achieve with these new actions. Next, we'll talk about Amazon's plan to woo big food companies so they can sell their products to them and rely less on grocery chains. And finally, we'll discuss our upcoming series "Robots Ate My Job," which takes a look at how the real competition for our jobs often comes from automation.
Thu, 30 Mar 2017 05:00:00 -0500As the Congressional Budget Office gears up to release its annual 30-year budget outlook, we'll examine the value in looking decades ahead. The forecast will predict what will happen if there are no changes to laws governing taxes and government spending. Afterwards, we'll discuss the factors leading to a strengthening home market, and then look at SpaceX's plan to launch a commercial satellite into orbit using a recycled rocket booster.
Wed, 29 Mar 2017 05:00:00 -0500The nuclear energy firm Westinghouse Electric Company has filed for Chapter 11 bankruptcy. We'll look at what led to the filing and what the decision says about the overall nuclear industry. Next, we'll look at America's consumer confidence levels, and then discuss why there's been a decline in the construction of mega dams.
Tue, 28 Mar 2017 05:00:00 -0500A drop in international students — who collectively add $31 billion to the U.S. economy — is met by colleges trying to assuage students whose holiday travel plans were put at risk by Trump's travel ban. Also, we take a look at how Americans spend their SNAP benefits and follow the increasing amounts of money U.S. airlines are investing in Chinese air travel.
Mon, 27 Mar 2017 05:00:00 -0500Iran responds to U.S. sanctions with their own, aimed at U.S. companies that do business with Israel. Marketplace's Marielle Segarra discusses which companies are involved and what it means for them. Then we turn to Nigeria, where pollution from an oil spill is still astonishingly high almost a decade after two Shell pipelines burst. Plus, how mobile solar-powered vehicle chargers are changing the landscape of the electric car industry.
Fri, 24 Mar 2017 05:00:00 -0500The Senate has voted to put a stop to rules from the Obama administration that would prevent internet providers like Comcast and Verizon from selling your browsing data. We'll look at how these regulations were supposed to protect your privacy. Next, we'll talk about Wells Fargo's decision to allow customers to withdraw money from ATMs using their phones, and then explore the federal government's difficult recruiting young tech workers.
Thu, 23 Mar 2017 05:00:00 -0500The House is expected to vote tonight on the GOP's health care bill. But opposition is coming from all corners — including hospitals. We'll look at why executives are against the measure. Next, we'll explore the complicated H-1B visa program, and the frustrations business owners have with how it selects recipients.
Wed, 22 Mar 2017 05:00:05 -0500Stock index futures are down again this morning. What could be giving investors pause? Economist Jeffrey Cleveland from Payden and Rygel stopped by to explain the economic data that shows how optimistic Americans are really feeling. Next, we'll explore the tough market for reused water, and then report on the difficulties foreign men and women have in trying to obtain H-1B visas.
Tue, 21 Mar 2017 05:00:00 -0500African citizens who were trying to attend an economic development conference in California were recently denied U.S. visas. We'll look at the possible reason behind the denial and its consequences. Next, we'll explore a new study that says the percentage of people dying at a hospital drops when inspectors show up, and then discuss the rise of virtual reality exhibits at museums.