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The owner of the Everton soccer club in England's Premier League has agreed to sell the Liverpool-based team to an investment group based in Miami. If approved, it would mean Americans own 10 of the 20 clubs in the world's most lucrative soccer league. What’s behind the surge in Yankee investment? Then, we examine how to combat both poverty and the climate crisis.
During the pandemic, federal subsidies kept many child care facilities afloat. But that aid will begin to disappear at the end of the month. Meanwhile, federal spending on kids has generally fallen. We examine the impact on children and families. We’ll also do the numbers on a potential government shutdown. And later: a kid-friendly guide to tipping.
From the BBC World Service: The United Kingdom is set to clear a fresh Microsoft-Activision deal. In August, the “Call of Duty” maker agreed to sell its streaming rights to Ubisoft Entertainment and the U.K.’s regulator, the Competition and Markets Authority has now said this “substantially addresses previous concerns.” Energy giant Chevron and unions have struck a deal to end strikes at two large liquefied natural gas facilities in Australia. The industrial action had threatened to disrupt exports of LNG. Plus, it was all about interest rates this week: Which central banks would up them or hold them? We look at some of those big decisions.
When ChatGPT came on the scene in November, it sent schools across the country into a panic. Some districts immediately started setting rules around how students could use artificial intelligence programs in their schoolwork. Others moved to ban them altogether. All this happened while information about the good and the bad of AI’s foray into classrooms was still pretty scarce. Researchers at the Center for Democracy & Technology, based in Washington, D.C., gathered data to counter some of the hype. Marketplace’s Lily Jamali discussed it with Elizabeth Laird, CDT’s director of equity in civic technology and a co-author of a report out this week.
We are nine days away from another government shutdown if Congress can’t reach a spending deal. We’ll hear from Treasury Secretary Janet Yellen on what a shutdown could do to our current economy. Plus, the facial recognition story that creeped out Kai. And, did you remember? We’re celebrating one of Earth, Wind & Fire’s greatest hits. Here’s everything we talked about: “‘Absolutely no reason’ for a government shutdown, says Treasury secretary” from MSNBC “Barrymore apologizes to unions for resuming show” from YouTube “Clearview AI could change privacy as we know it” from Marketplace “Earth, Wind & Fire – September” from YouTube Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We'll have news, drinks, a game and more.
The idea of energy “conservation” was new to Americans in 1973. Experiencing a first-of-its-kind gasoline shortage, the U.S. began to encourage fuel efficiency in cars and homes. If President Ronald Reagan hadn’t reversed such commitments, would renewable energy be ubiquitous today? Plus, doing without: manufacturing without temp workers, the Fed without government economic data and NYC without Airbnb.
Goldman Sachs now forecasts rate cuts in Q4 of 2024; Murdoch stepping down as chairman of Fox, News Corp; leading economic indicators index down 3.8% in six months; initial jobless claims decline to 200,000; existing home sales fall 0.7% in August.
Almost a week into the autoworkers strike, there are few signs of progress. If little movement is made by tomorrow, the United Auto Workers union is promising to expand their strike. We look at the impact this could have. We also examine why more companies are going private and hear how one Skid Row nonprofit is grappling with a dip in volunteerism.
That seems to be the current approach by the Federal Reserve as it aims for a 2% inflation target. The central bank opted to leave interest rates unchanged yesterday, but what about the path forward? We dive in. Plus, TikTok drives “frenzies” of antisocial behavior, a BBC analysis shows. And later: a view of tipping from the United Kingdom.
From the BBC World Service: Poland has been one of Ukraine’s staunchest allies since Russia’s full scale invasion last year — welcoming more than a million refugees and helping to supply a stream of weapons. But now it says it will no longer supply its neighbour with arms in a row over grain imports. Plus, Tesla is eyeing expansion in India but how ready is the country’s charging infrastructure for a big electric vehicle push?
AI chatbots have gotten pretty good at generating text that looks like it was written by a real person. That’s because they’re trained on words and sentences that actual humans wrote, scraped from blogs and news websites. But research now shows when you feed that AI-generated text back into the models to train a new chatbot, after a while, it sort of stops making sense. It’s a phenomenon AI researchers are calling “model collapse.” Marketplace’s Lily Jamali spoke to Clive Thompson, author of “Coders” and contributing writer for the New York Times Magazine and Wired, about what could be a growing problem as more AI-generated stuff lands on the web.
“Jamming on the Job” is a multigenerational, music-inspired podcast for kids ages 4 to 8 and their parents and caregivers. It stars Christina Sanabria and Andrés Salguero, the Latin Grammy Award-winning kids' music duo known as 123 Andrés. Join Christina and Andrés as they tour the country and perform songs about the world of work. At each place they go, they meet a grownup with a different kind of job who helps them along their way. As Christina and Andrés learn about the new and inspiring career of the day and the skills needed to succeed in that job, they compose an original song about it with help from their Magic Beatmaster Boombox, voiced by Grammy Award-nominated musician Pierce Freelon. In addition to exposing kids to a wide variety of career paths, each episode will highlight foundational skills relevant to each job, such as empathy, social problem-solving and responsibility as well as flexible thinking, impulse control and persistence.
A new chatbot that uses artificial intelligence to mimic the leading candidates in the 2024 presidential race is fresh on the scene. Users can query a candidate’s avatar or conjure up a one-on-one debate. We'll get into the potential impact of AI on future U.S. elections and what some politically engaged citizens are doing about it. Plus, we’ll explain why the wait for your morning latte at Starbucks might be getting out of hand. And Operation Santa is open for business. Here’s everything we talked about today: “Conspiracy Theorists Go Viral With Claim Sen. John Fetterman Actually Body Double” from Forbes “John Fetterman would be particularly hard to body-double” from The Washington Post “Prepare yourself. A Donald Trump chatbot is about to be unleashed.” from Politico “Artificial Intelligence in Campaign Ads” from the Federal Register “Write to Santa Today!” from the USPS “Why Starbucks (SBUX) Is Desperate to Reduce Your Coffee Wait Time” from Bloomberg Got a question for the hosts? Leave us a voicemail at 508-U-B-SMART or email us at email@example.com.
About three-quarters of Latinos in the U.S. speak at least some Spanish. Marketing experts have caught on. We’ll talk to a few about how they strike an English-Spanish balance in ads geared toward the growing demographic. Plus, Amazon is already aggressively hiring for the holidays, Japan might prop up the yen again, and the Federal Reserve didn’t raise rates — this time.
Ford, Uniform reach deal that needs workers' ratification; UAW says workers are now striking at an Alabama auto supplier plant; Government shutdown will likely prevent Fed rate hike in November, PIMCO says; White House launching Climate Corps jobs program
Expectations around tipping have evolved in the last couple of years. So how much should you be tipping these days? What about for dine-in versus takeout or delivery? And why does tipping stir up such strong emotions? We answer these questions — no tip required. But first, it’s decision day for the Federal Reserve. We preview today’s interest rate announcement, as well as the Fed’s economic projections.
The price of insurance premiums are not keeping up with the amount of risk homeowners face as the climate crisis plays out. A price correction is coming, a new report finds, and it’ll push housing affordability further out of reach. And later: How does tipping in South Korea compare to the United States?
From the BBC World Service: Japan’s fishing exports plummet 70% after China banned imports over the release of treated radioactive water from the Fukushima power plant, the BBC’s Mariko Oi reports. The United Kingdom is considering delaying a ban on the sale of new gasoline and diesel cars, watering down its green ambitions. Finally, Venice is set to introduce a daily tourist levy in an attempt to reduce the number of day-trippers to the city, the BBC’s Giovanna Girardi reports.
Earthquakes are the trickiest phenomena to detect ahead of their impact. California, for example, has the MyShake app, which aims to notify Californians seconds ahead of a quake. But aside from the public sector funding this type of lifesaving innovation, private companies are also racing to develop the tech for earthquake warning and alert systems. The BBC's Will Bain reports.
Do my food choices really matter? What about solutions like composting? In this installment of Burning Questions, NYT's food journalist and best-selling cookbook author Priya Krishna is in conversation with restaurateur and founder of Zero Foodprint, Anthony Myint, to chat through the personal and structural changes we can make to our food choices to better the climate. CHECK OUT: The impact of specific foods on the environment COMPOST: Even if your city doesn’t offer municipal pick-up DIG DEEPER: The science of regenerative agriculture with Anthony Myint
Clearview AI, widely used by U.S. law enforcement, can find a face anywhere on the internet thanks to a database of billions of scraped photos. Journalist Kashmir Hill, who recently published a book about Clearview, will tell us what it was like to investigate a company that’s always watching. Plus, the viability of a four-day workweek for blue-collar jobs and an electrical transformer shortage.
President Biden is pitting his plan for the U.S. economy against so-called ‘MAGAnomics’, the economic ideas that defined the Trump era. Mark Blyth, political economist at Brown University, said the clash is all about who wins and who loses as the U.S. decarbonizes. On the show today, Blyth explains what Bidenomics actually means and why it’s not the easiest message to sell to voters. Plus, how the United States let go of its industrial base and what it will take to re-industrialize for a clean energy future. Then, strikes across the country are putting President Biden's pro-union reputation to the test. And, we'll get into what rising oil prices that could mean for the Fed and the American consumer. Later, a listener's perspective on why many Americans don't feel the economy is all that strong. Plus, a bonus fantasy writing vocab lesson. And, the thing you probably didn’t know about cows? Here’s everything we talked about today: “40 years later, is this the end of Reaganomics?” from Make Me Smart “Opinion | What Biden Can Learn from Roosevelt's ‘New Deal'” from The New York Times “Biden Administration Investment Tracker” from the Center for American Progress “Bidenomics and Its Contradictions” from The Wall Street Journal “The ‘Bidenomics’ plan, explained” from CNN Politics “UAW strike tests ‘Union Joe’s cred” from Politico “The Fed's Next Challenge: $100 Oil” from The Wall Street Journal “Amazon (AMZN) to Hire 250,000 Holiday Workers, Boost Hourly Pay to $20.50” from Bloomberg We want to hear your answer to the Make Me Smart question. You can reach us at firstname.lastname@example.org or leave us a voicemail at 508-U-B-SMART.
The legacy of a tipped minimum wages means that a worker can be paid as little as $2.13 an hour at the federal level. We’ll explore how COVID upended the tip-based restaurant industry and where we go from here. We also examine where the Federal Reserve thinks the economy is headed. Plus, rising oil prices is not what many global economies needs right now.
The central bank starts a two-day meeting on interest rates today, but significant headwinds are blowing. We’ll assess the biggest factors challenging the Federal Reserve right now that could threaten the economic balancing act it’s trying to pull off. And later, we delve into the “ugly and sordid” history of tipping in the U.S.
From the BBC World Service: It’s the sexual abuse scandal that’s rocked Japan, now the BBC’s Mariko Oi reports on the major brands that are cutting ties with the country’s biggest talent agency, Johnny and Associates. Plus, was the Libyan dam disaster caused by nature or neglect? The BBC’s Anna Foster is in Derna.
We are a little more than a year away from Election Day, and voters have probably heard something about candidates’ views on the economy, foreign policy and other issues in the media daily. But today, “Marketplace Tech” is looking at what candidates are telling voters about their plans for the future of technology in the United States. How are they framing issues related to artificial intelligence, social media and the power of Big Tech? If you scroll through the websites of the leading candidates, tech might not seem very high on their priority list so far. But tech is definitely on the agenda — you just have to know where to look and what to listen for. Marketplace’s Lily Jamali spoke with Dave Weigel, politics reporter for the news website Semafor, about how the contenders are defining and spinning tech to influence voters.
In our previous episode, Bridget promised Ryan she’d take him to Happy Land Theme Park and Resort. And Bridget keeps her promises! It’s the perfect place to answer Henry’s question. He wants to know why some jobs get tips and others don't. This proves to be a tricky one to answer, as Ryan and Bridget soon find out. They enlist the help of Happy Land Founder, Mort Bisby. Inside Mort's hidden lair, they'll learn some tips on well… tipping. If your family is interested in learning more about tipping, check out the page for this episode at our website. We’ve got discussion questions and tips for learning more! This episode is sponsored by Greenlight. (For a limited time, get $10 when you sign up for a Greenlight account at greenlight.com/MILLION).
Congress has a job to do. But lately, some of the work on the Hill seems to have come to a standstill. There’s been drama over the debt ceiling, a Republican senator is holding up key military promotions, and now a government shutdown is looming. We’ll tackle the question of who is really to blame for all the governmental dysfunction and unpack the challenges of framing these issues in the media. Here’s everything we talked about: “Marines issue stand-down order amid search for missing F-35” from The Hill “Congress is in crisis. There's no clear escape” from Politico “With democracy on the ballot, the mainstream press must change its ways” from The Guardian Got a question for the hosts? Send them our way. We’re at 508-UB-SMART or email email@example.com.
With government shutdowns becoming more frequent — we could have another one at the end of the month — taking a government job isn’t all that appealing. Why worry about the uncertainty of a furlough when plenty of other companies are hiring? We’ll also tackle the environmental impacts of barge shipping, hard-to-find auto parts in the U.S. and members-only shopping in China.
Policymakers are meeting this week, with a decision expected Wednesday; UAW resumes contract talks with Detroit's Big Three; California suing oil companies over climate change; Yellow plans to auction off its 12,000 trucks.
While homeownership has been a reliable way for families to build wealth in the U.S., the path to homeownership is more complicated for many observant Muslims. Paying interest — like you would in a traditional mortgage — goes against Islamic rules governing finance. Now, more institutions are offering Islamic financing to meet what they see as growing demand. Plus, what happens if the UAW strike grows?
Striking auto workers and Detroit automakers failed to reach a deal this weekend. One sticking point for members of the United Auto Workers union is the reliance on temporary and “tiered” workers by carmakers. How did the industry get here? Plus, a look at what’s behind the current rush to invest in gold.
From the BBC World Service: Small Italian islands off the coast of North Africa are struggling to cope with the influx of migrants, according to the Italian government. The BBC’s Katya Adler reports from the island of Lampedusa. Meanwhile, Japan’s government is facing criticism for failing to appoint a single woman to any junior ministerial roles in the latest cabinet reshuffle, despite 54 jobs being available. The BBC’s Will Leonardo reports. And in the United Kingdom, the BBC’s Leanna Byrne visits a gold merchant after the price of gold reaches all-time highs this year.
There was a time when the unveiling of the next-generation Apple iPhone was a very big deal. Today, there are still plenty of fans keeping tabs on the latest releases from Apple and competitors like Samsung and Google. But if you didn’t hear much about Apple’s hardware showcase in Cupertino, California, last week, it wasn’t just you. Marketplace's Lily Jamali spoke to Lauren Goode, senior writer at Wired and the co-host of Wired’s “Gadget Lab” and “Have a Nice Future” podcasts, about the event and what it revealed about the state of smartphones.