About 15 million Americans collectively have $49 million in medical debt on their credit reports, according to the Consumer Financial Protection Bureau. But a new proposed rule might remove these bills from their credit scores. We’ll explain. Plus, the domino effect of local elections being funded by national players. And, how Apple’s new AI features could change the language of emoji. Here’s everything we talked about today: “Vice President Kamala Harris On Sherri” from “Sherri” “CFPB Proposes ...
Jun 13, 2024•15 min•Ep. 1181
It’s a New York edition of “Make Me Smart”! Marketplace’s Kristin Schwab joins Kimberly in the NYC bureau to discuss a growing trend in the city that never sleeps: Nightlife is winding down a lot earlier these days, and that might be good for businesses. But first, why Tornado Alley may be migrating east, and a deeper look into the legal loopholes of campaign finance. Plus, the rescue of an orphaned baby elephant is making us smile. Here’s everything we talked about today: “Tornadoes shifting ea...
Jun 12, 2024•18 min•Ep. 1180
It’s decision season for the U.S. Supreme Court, meaning the court is weighing in on a slew of cases dealing with a wide range of issues, including abortion medication restrictions and the power of federal agencies. One legal doctrine has become more and more influential in that decision-making: originalism. But Madiba Dennie, author of the new book “The Originalism Trap: How Extremists Stole the Constitution and How We the People Can Take It Back,” calls that a relatively recent phenomenon. On ...
Jun 12, 2024•32 min•Ep. 1179
The main channel into the Port of Baltimore is expected to reopen soon, but the city is still dealing with the aftermath of the collapse of Francis Scott Key Bridge in late March. Guest host Amy Scott explains how the port’s closure has affected global supply chains, shipping container costs and life in Baltimore. Plus, a shake-up at the Federal Election Commission is making certain gray areas of campaign finance even grayer. Then, we’ll celebrate the first transgender and Asian American woman t...
Jun 10, 2024•16 min•Ep. 1178
It’s Friday, folks! Today we’re talking about some news coming from former President Donald Trump, who has vowed to take away key spending powers from Congress if reelected. We’ll get into what that would mean in practice. Plus, we’ll talk through the latest from the Bureau of Labor Statistics, which just announced it’ll be decreasing the number of households surveyed for important reports like the monthly jobs report. It’s a move that will make decoding what’s going on in our economy more a lit...
Jun 08, 2024•21 min•Ep. 1177
The European Central Bank is joining Canada in cutting interest rates after months and months of holding them steady. But the U.S. Federal Reserve isn’t likely to follow suit, at least not yet. We’ll explain why. Then, we’ll dig deeper into the political and financial motivations for New York Gov. Kathy Hochul’s abrupt decision to block congestion pricing in New York City. Plus, what antitrust investigations into Nvidia, Microsoft and OpenAI could mean for AI mania. Here’s everything we talked a...
Jun 06, 2024•11 min•Ep. 1176
Triple-digit heat waves are spreading across the Southwest, and many incarcerated people have to endure the extreme weather without air conditioning. We’ll get into why state legislatures have been slow to address the problem and why it’ll only get worse as temperatures rise. Plus, we’ll get into New York Governor Kathy Hochul’s last minute switch-up on congestion pricing. And, the story of a TikTok influencer treating day laborers to days off at Disneyland is making us smile. Here’s everything ...
Jun 05, 2024•12 min•Ep. 1175
With the 2024 election only five months away, polls abound. But since 2016, polls have had somewhat of a bad rap, and many Americans have become skeptical of their reliability. David Dutwin, senior vice president of strategic initiatives at NORC at the University of Chicago, said we’re thinking about polls all wrong. On the show today, Dutwin explains what polls can and can’t tell us, how to spot a high-quality poll and what kind of role polling should play in our understanding of elections. Plu...
Jun 05, 2024•32 min•Ep. 1174
The results of a new Bloomberg poll indicate that the markets suspect a second Trump presidency would put the Federal Reserve’s independence in jeopardy. We’ll get into what the former president’s advisors have said about his plans for the central bank. And, Republicans are gearing up to challenge upcoming election results while Democrats prepare to counter those lawsuits. Plus, why we want to be Simone Biles when we grow up. Here’s everything we talked about today: “Launch of NASA Astronauts in...
Jun 03, 2024•15 min•Ep. 1173
The latest data from the Federal Reserve’s favorite inflation measure hinted that inflation is cooling. But the Fed is still on guard, meaning higher interest rates for longer than many had expected. We’ll get into how that will likely be felt differently by Americans at opposite ends of the income spectrum. Then, we’ll get into the risky return of zero-down mortgages. Plus, we’ll weigh in on Chevy Malibus and merch during a round of Half Full/Half Empty! Here’s everything we talked about today:...
Jun 01, 2024•22 min•Ep. 1172
A former OpenAI board member dropped a bombshell allegation about CEO Sam Altman and the company’s ethics. But this isn’t the first time employees have expressed safety concerns about the company. We’ll explain. Plus, a new rule aims to protect buy now, pay later users. And, how college sports might finally get recognized as a multibillion-dollar business. Here’s everything we talked about today: “The Golden Triangle: How the CHIPS Act is changing one Arizona neighborhood” from Marketplace “What...
May 30, 2024•12 min•Ep. 1171
After years of having a frosty relationship, Elon Musk and Donald Trump are warming up to each other. We’ll discuss what a potential political marriage might mean for a second Trump administration. Plus, who actually donates to political campaigns? Later, we’ll smile about two giant pandas returning to D.C.’s National Zoo! Here’s everything we talked about today: “Fewer Americans to Make Political Donations in 2024” from LendingTree “Fewer Americans plan to donate to political campaigns: Survey”...
May 29, 2024•11 min•Ep. 1170
Today we’re talking about food. Specifically, Big Food. In his book, “Barons: Money, Power, and the Corruption of America’s Food Industry,” Austin Frerick, agricultural and antitrust policy fellow at Yale, argues the food system is the most consolidated sector in the United States. On the show today, Frerick explains how the American food system became so concentrated, how that’s inflated prices and eroded quality, and what we should do about it. Plus, Walmart’s role as king of grocery kings. Th...
May 29, 2024•24 min•Ep. 1169
More tariffs from the Joe Biden administration on Chinese goods are on the way, and he gave his blessing to some Trump-era tariffs. We’ll break it down. Plus, why a story about a local public library becoming an adults-only space may be a warning of things to come. Later, we’ll weigh in on Chuck E. Cheese’s animatronic band, whales sinking yachts and “quiet vacationing” during a round of Half Full / Half Empty! Here’s everything we talked about today: “Biden Extends Tariff Exemptions on Some Imp...
May 25, 2024•26 min•Ep. 1168
After Israel threatened to cut ties between Israeli and Palestinian banks, Treasury Secretary Yellen warned it could worsen the humanitarian crisis in Gaza and create economic instability in the West Bank. We’ll also explain one reason why U.S. military spending is so high, get updates on the AI economy’s hot shot, Nvidia, and the U.S. government’s battle against Big Ticket. Here’s everything we talked about today: “Yellen Warns Israel Against Cutting off Palestinian Banks” from The New York Tim...
May 23, 2024•11 min•Ep. 1167
Red Lobster, the popular seafood chain, filed for Chapter 11 bankruptcy protection this week after closing dozens of locations. We’ll get into the company’s yearslong troubles and why its unlimited shrimp deal isn’t entirely responsible for the chain’s downfall. Then, we’ll discuss the challenges of battling misinformation in today’s fractured media landscape. Plus, WNBA players are slaying designer looks and defying stereotypes of women in sports. Here’s everything we talked about today: “Tales...
May 22, 2024•16 min•Ep. 1166
Over the last 50 years, an ideology known as neoliberalism has transformed the American economy — for better or worse. The concept is often associated with Ronald Reagan, free markets and deregulation. But legal scholar Mehrsa Baradaran says there’s a lot we get wrong about the origins of neoliberalism and its true impact on society. On the show today, Baradaran, author of the new book “The Quiet Coup: Neoliberalism and the Looting of America,” explains what neoliberal ideology promised to do fo...
May 22, 2024•37 min•Ep. 1165
Today, we’re talking about the different efforts to invest in artificial intelligence. First up, guest host Lily Jamali breaks down Argentina’s endeavor to turn the country into an AI hub. Then, we’ll discuss the use of AI and deepfakes in India’s election in an attempt to reach voters. Later, we’ll smile about America’s first Black astronaut candidate finally taking a trip to space. Here’s everything we talked about today: “Argentina’s Milei Plans to Meet With Zuckerberg at End of May” from Blo...
May 20, 2024•20 min•Ep. 1164
Prices have been rising for pretty much everything these days. And for some, it’s raising the cost of making friends as more folks turn to paid activities like art classes and happy hours to socialize. We’ll get into it. And, we’ll explain the latest scandal that’s left the Supreme Court in a bind. Plus, we’ll weigh in on Chuck E. Cheese animatronics and bridesmaid debt during a round of Half Full/Half Empty! Here’s everything we talked about today: “Supreme Court Justice Alito’s House Displayed...
May 18, 2024•25 min•Ep. 1163
Inflation isn’t going anywhere, and listeners wanna know what’s up with two of the government’s inflation measures. Today, we’re answering some nerdy econ questions about the consumer price index and personal consumption expenditures price index. We’ll also answer questions about how the Supreme Court gets funded and the ins and outs of joint fundraising committees. Got a question you’d like us to answer? Email [email protected] or leave us a voice mail at 508-U-B-SMART! Here’s everyth...
May 17, 2024•17 min•Ep. 1162
Today, we’re diving into Bumble’s controversial anti-celibacy ad campaign, what it says about the state of dating apps and why some women are joining the anti-patriarchy movement. It’s time for a Kimberly rant. Plus, more updates on the Baltimore bridge collapse. Later, we’ll get queasy about cicadas and smiley about puppies! Here’s everything we talked about today: “Bumble’s billboard ads sneered at celibacy as an alternative to dating — and the company got stung” from The Associated Press “The...
May 15, 2024•18 min•Ep. 1161
With the big push to unionize auto workers in the South , it looks like it might be another hot labor summer. And if you and your little ones have questions, this episode is for you! Today, we’re bringing you a special episode from Marketplace’s kids podcast, “Million Bazillion,” all about the history of labor unions, collective bargaining and how unions changed the way we work. Plus, how many hours a day should a person work? Kids have thoughts! The next $50,000 in donations to Marketplace will...
May 14, 2024•31 min•Ep. 1160
A “third place” is where people hang out when they’re not at home or work, and they’re becoming increasingly important for building community and connection. Guest host Reema Khrais explains why we’re hearing a lot more about them these days and shares the story behind her own third place. But first, we’ll discuss the knock-on effects of falling birth rates across the globe, why some cities are lowering speed limits, and why we don’t recommend throwing darts at stock listings. Here’s everything ...
May 13, 2024•18 min•Ep. 1159
The latest survey data from the University of Michigan shows consumer sentiment in the U.S. is at a six-month low. We’ll unpack the numbers and get into what they can and can’t tell us about what’s really going on in the economy. And, a plan to split up U.S. Cellular between T-Mobile and Verizon is in the works. It’s part of a larger fiasco brewing at the Federal Communications Commission. Plus, we’ll play a round of Half Full / Half Empty! Here’s everything we talked about today: Consumer Senti...
May 11, 2024•29 min•Ep. 1158
Joint fundraising committees allow aligned political campaigns to raise more money faster. We’ll break down how these operations work and how they’re affecting the cost of elections. Then, guest host Sabri Ben-Achour explains why China’s electric vehicle industry may not be at “overcapacity,” as U.S. and European officials have argued. Plus, artists’ fears summed up in one controversial iPad Pro commercial. Here’s everything we talked about today: “Joint fundraising: A campaign strategy to incre...
May 09, 2024•20 min•Ep. 1157
Increasingly popular buy now, pay later services allow shoppers to split their purchases into smaller, recurring payments. We’ll get into why these loans are blurring economists’ understanding of today’s consumer debt landscape. We’ll also discuss President Joe Biden’s climate and infrastructure spending spree, and the knock-on effects of parents dying from drug overdoses. Plus, singer Tyla’s sandy Met Gala look, and forgotten 100-year-old love letters make us smile. Here’s everything we talked ...
May 08, 2024•15 min•Ep. 1156
College endowment funds are at the center of student protester’s calls for their schools to divest from Israel. Charlie Eaton, a sociology professor at the University of California, Merced, and author of “Bankers in the Ivory Tower,” said the size of these funds have created a moral dilemma for the wealthiest universities. On the show today, Eaton explains how college endowments work, why most universities don’t disclose how those funds are invested, and how colleges could manage their endowment...
May 08, 2024•28 min•Ep. 1155
Private equity plays a major role in lots of sectors across the U.S. economy, and now it’s getting into the veterinary business. Today, Kimberly discusses the rise of these big outside investors in pet care and the financial and emotional decisions we make in caring for our beloved pets. Plus, we bid Jasper goodbye. But first, Amy breaks down a pair of cases involving the popular housing site Redfin and what they mean for how homes are bought and sold. Here’s everything we talked about today: “R...
May 06, 2024•16 min•Ep. 1154
Southern European economies, including Greece, are growing faster than some of Europe’s longtime powerhouses, like Germany. We’ll get into how Greece pulled off an economic turnaround after the devastating 2012 financial crisis. And, Halle Berry’s shouts from the steps of the Capitol are calling attention to the need for more menopause research. Plus, we’ll play a round of Half Full / Half Empty! Here’s everything we talked about today: “Europe’s Economic Laggards Have Become Its Leaders” from T...
May 04, 2024•19 min•Ep. 1153
It’s time to rewind and revisit some of the big business stories of the week. First up, stagflation. Federal Reserve Chair Jay Powell isn’t seeing signs of it, and neither is Kai Ryssdal. We’ll explain why. Plus, what Walmart’s decision to shut down all of its health clinics says about the U.S. health care system. Also, we’ll break down the latest efforts to restructure the American economy through the CHIPS Act. And, a singer’s plea to protect artists from AI-generated deepfakes. Here’s everyth...
May 02, 2024•11 min•Ep. 1152
