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Today’s jobs day, but this time we're more interested in wages: the Labor Department said pay is rising faster than it has since 2009. We'll look at what's (finally) driving that change and how long it can last. Then: Amid all the trade talk, let's not forget about one of Finland's biggest exports: heavy metal. The Scandinavian nation boasts more than 50 metal bands for every 100,000 citizens, more than any other country. We'll take a look at why. Plus: Why J.C. Penney is getting in the bedding business with Lionel Richie.
A decade ago this week, the government agreed to take over Fannie Mae and Freddie Mac to help stabilize the housing market. We'll take a look back at how it all happened and interview Freddie's CEO. But first: Wage growth is sluggish by most measures, but a new report from the White House says those figures don't tell the whole story. Plus: What have we learned a year after the Equifax data breach?
We continue our conversation with Minneapolis Fed President Neel Kashkari, and instead of looking back at the financial crisis 10 years ago, we look forward to potential economic what-if scenarios. Kashkari thinks uncertainty in emerging markets could spark a new crisis, so we'll take a closer look at the plunge of currencies abroad. Also, a look back to FEMA’s response to Hurricane Maria. According to a new report from the U.S. Government Accountability Office, FEMA wasn’t ready to handle the disaster. We talk about why that was the case. Plus, how much do you spend in a week? We sat down with Refinery29’s Work & Money Editor Lindsey Stanberry about the website's Money Diaries series.
Neel Kashkari runs the Minneapolis Fed now, but 10 years ago he was in charge of the Troubled Asset Relief Program, also known as the bank bailout. We talked with Kashkari about how TARP architects put a pricetag on the bailout, how his life changed after the crisis and what Congress would do if another one hit. Then, why Nike chose Colin Kaepernick as the new face of Nike's "Just Do It" campaign. Plus, what you need to know about political ads on Facebook.
Trade talks with Canada resume Wednesday, and the stakes of a NAFTA agreement without Canada are high — trade between the two countries is worth $670 billion. But that's not in line with what the President tweeted over the weekend, which stoked a debate over Canada's inclusion in NAFTA. We're also looking ahead to this week's Senate Intelligence Committee hearing beginning Wednesday where social media executives will be in the hot seat talking about what they're doing to prevent meddling in U.S. elections. Plus, back-to-school is fully in swing, so we continue our conversation with former Education Secretary Arne Duncan on how the education policy landscape has changed. And ... a look into what your internet service provider knows about you.
Earlier this week, the United States and Mexico reached a trade agreement as apart of the North American Free Trade Agreement overhaul. Then it was Canada's turn. But after three days of talks, the United States and Canada have no deal. Will Canada walk away? We'll get into it with the Weekly Wrap. Speaking of negotiations, the British government has yet to strike a Brexit deal with the European Union, its largest trading partner. With the official Brexit Day approaching, Marketplace’s Stephen Beard reports on what the economic reality of a no-deal Brexit might look like. And we have another installment of our series #HowWeChanged, looking at how the 2008 financial crisis altered lives. Today, the story of a woman whose experience during the recession reminded her of living through the Great Depression when she was a teenager. (08/31/18)
There's a group of three by three blocks in Manhattan containing 70 businesses that sell alcohol, most of them with a full liquor license. We talked with the locals, who call it "Hell Square." But first: After finding refuge in Turkey, many young Syrians had to put their education and career plans on hold. Now some are discovering new passions, while others are just dealing with a new economic reality. Plus, the latest on inflation numbers and an exit interview with American Enterprise Institute President Arthur Brooks.
We're headed to the Minnesota State Fair today, not for the live music or seed art or the fried cheese curds, but for trade talk. The fair is abuzz with talk of the trade war, as the state's iron mines enjoy some relief and its farmers feel the sting of retaliatory tariffs. Then: Reflecting workplaces everywhere, gubernatorial candidates Cynthia Nixon and Andrew Cuomo are fighting over the room temperature for tonight’s debate in New York. We'll look at this summer AC battle of the sexes. Plus, how VCs think and the big business of pilgrimages.
Kai Ryssdal's in Minnesota today to chat with Neel Kashkari, the Minneapolis Fed president who presided over the bank bailout back in 2008. We'll have the full conversation next week, but today you can hear him talk about watching TARP fail to pass Congress the first time and the "mass-delusion event" that lead to the financial crisis. It's all part of our series, Divided Decade, marking the 10 years since that crisis. But first: The Trump administration announced a trade deal with Mexico, but a statute on presidential authority may cause a debate in Congress that could be an obstacle. We'll tell you what you need to know. Plus: Brett Kavanaugh and the Chevron Doctrine.
Today, actually. President Donald Trump got Mexican President Enrique Peña Nieto on speaker phone in the Oval Office to announce a new potential trade deal to replace the North American Free Trade Agreement. Wait, you might be saying to yourself, NAFTA has three countries in it. Whither Canada? We'll tell you everything you need to know. Then, why Uber is investing in bikes. Plus, we'll talk with the comedian behind "The Headless Women of Hollywood," a blog that explores sexism in movie advertising.
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