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From American Public Media. Award-winning Marketplace is public radio's daily magazine on business and economics news "for the rest of us."
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Friday, January 23, 2015 1:08pmAiring on Friday, January 23, 2015: UPS' investment in late-order Christmas deliveries illustrates the risk when a company tries to keep up with changing customer expectations. The company estimates it lost $200 million on the venture. Plus, cloud-based storage company Box goes public after a yearlong delay, and we look at how the IPO market works. Finally, the parent company of SkyMall, the over-the-top catalog in seatback pockets everywhere, has filed for bankruptcy.
Thursday, January 22, 2015 3:00pmAiring on Thursday, January 22, 2015: Google is reportedly making deals with T-Mobile and Sprint to sell wireless plans directly to customers. We examine how this might work and how much disruption it might cause in the industry. Plus, a broken pipeline in North Dakota that's spilled millions of gallons of wastewater underscores a big cost of the fracking boom – the huge amounts of wastewater from wells that must be disposed of.
Wednesday, January 21, 2015 1:11pmAiring on Wednesday, January 21, 2015: The idea of middle-class economics was front and center in the president’s State of the Union address. Sure, it serves as a political framework, but how does it work as an economic one? Plus, as part of a settlement with the SEC, ratings agency S&P has been banned from rating certain bond deals for one year, creating an opportunity for competitors. Finally, reporter Stan Alcorn defines Davos Man as, "the suit-wearing, power-wielding Ubermensch that is the incarnation of the global financial elite." We look at the evolution of both the term and the man.
Tuesday, January 20, 2015 3:32pmAiring on Tuesday, January 20, 2015: The U.S. is still struggling, as the president will note in this evening's State of the Union speech, but at least the economy is still growing. Most of the rest of the world is slowing. Plus, as the world market continues to be flush with low-priced oil, traders are looking for ways to profit from the slump. One strategy: Storing oil in rented tankers until prices go back up.
Monday, January 19, 2015 3:00pmAiring on Monday, January 19, 2015: Well-funded lobbyists are rallying to end a $3 billion-a-year tax and refund the revenue to the medical device industry. Its potential repeal reflects how difficult it is to change the healthcare system. Plus, Obama has a plan to raise $300 million by raising taxes on the rich –and going after the banks. What would that entail, and how likely is it to happen? And, apparently, the rich keep getting richer. What will it take to reverse this trend?