Economy & Business

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President Trump ordered a doubling of U.S. tariffs on steel and aluminum imports from Turkey Friday, escalating a diplomatic spat with a key NATO ally.

In a tweet, Trump cited the decline in Turkish currency as justification for increasing tariffs to 50 percent on Turkish steel and 20 percent on Turkish aluminum.

"Our relations with Turkey are not good at this time!" Trump tweeted.

The role of human resources in workplace harassment

Aug 10, 2018

When there are cases of harassment and bullying in the workplace, it's likely the company's human resources department (or a close equivalent) will eventually get involved. But according to some workplace culture experts, turning to human resources can prove to be potentially dangerous for the employees involved in workplace bullying incidents. There may be retaliation against the employee who brought the complaint about a bullying boss or manager to HR in the first place.

Court orders EPA to ban pesticide

Aug 10, 2018

It's called chlorpyrifos. It's a widespread and controversial insecticide — and now it's been banned. On Thursday, a federal court ordered the EPA to end the use of the chemical, which has been linked to developmental disabilities in children. DowDuPont Inc. is the largest producer of chlorpyrifos, which is used on crops like soybeans, apples and oranges. 

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Detailing the origins of the celebrity auction

Aug 10, 2018

(U.S. Edition) The plummeting value of the Turkish lira has now gotten the attention of the European Central Bank, which is keeping an eye on how the crisis could be affecting other foreign banks. Also, a federal court has banned an insecticide that has been linked to developmental disabilities in children — the latest development in the insecticide's contentious history. And, if you're in the market for any odd items that have been graced with the presence of a celebrity, Graceland in Memphis is holding an auction that includes things like a jacket from Elvis.

Turkey crisis concerns mount as lira plunge worsens

Aug 10, 2018

(Global Edition) From the BBC World Service … A fresh plunge in the Turkish lira today is capping a tumultuous week for the country as investors grow increasingly nervous about inaction from the government and central bankers. With a new economic plan set to be released, we’ll explore what options Turkey has to soothe investors’ frayed nerves.  Then, vacationers in Europe might find themselves waiting at the airport for new flights after Ryanair cancelled planned routes amid a pilot strike.

To finish out our series on venture capital, we'll take a look to the future. Cryptocurrency may have its disruptive eye cast toward venture capital. The initial coin offering is a type of crypto-crowdfunding that startups can use to raise cash quickly without kissing the Silicon Valley ring. But do ICOs really have the potential to replace venture capital for startups? We go back to the time Marketplace Tech host Molly Wood spoke with Yuliya Chernova, who covers venture capital for the Wall Street Journal, about the pros and cons of ICOs. 

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Every day, Venezuela's currency, the bolivar, loses value, so people there are trying to trade it for U.S. dollars. Turns out, that's a really dangerous thing to do. Here's Sarah Gonzalez with our Planet Money podcast.

The American West appears to be moving east. New research shows the line on the map that divides the North American continent into arid Western regions and humid Eastern regions is shifting, with profound implications for American agriculture.

In western Oklahoma, farmers like Benji White and his wife, Lori, have become ranchers.

Has "the film business passed away" with its "most popular" Oscars category?

Aug 9, 2018

The ratings for the Oscars awards ceremony, as a television event, have been dropping steadily for years, with last years' program on ABC the least watched in history. So the Academy of Motion Pictures Arts and Sciences announced some changes, including a new category: most popular film. This has a lot of people confused — what makes a movie "popular"?

How savvy investments help members of Congress

Aug 9, 2018

U.S. Rep. Chris Collins of New York was arrested and charged this week with allegedly passing on information he learned as a board member of a Australian pharmaceutical company to family members who quickly sold their stock to avoid big losses.

Collins, like about of half of his colleagues in Congress, owns stock in publicly traded companies.

Why mergers are as complicated as relationships

Aug 9, 2018

Today we learned that the merger of Sinclair Broadcast Group and Tribune Media Co. has been called off. Albertsons and Rite Aid also announced their merger will not happen.

That’s two big breakups on one day, but in the grand scheme of things, merger failures aren’t that rare. It happens about 20 percent of the time, according to David King, an associate professor at Florida State University, who has studied merger success and failure.

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Day laborers are pressed by Trump immigration policies

Aug 9, 2018

In Woodburn, Oregon, a small city in the Willamette Valley, there’s a Fiesta Mexicana every summer where families gather at a local park for Latin music and dancing, Mexican food and carnival rides. A busy freight rail line runs through the center of town, past small shops catering to the Latino community. On the outskirts, fields of corn, vegetables and grass seed spread in every direction. 

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