Economy & Business

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The talks between Britain and the European Union about Britain leaving the bloc seem to have hit the buffers again. This time, the obstacle in Britain’s path is apparently insurmountable. The issue is the border between the British province of Northern Ireland and the Irish Republic. The Irish government, backed by the rest of the EU, is demanding that Britain guarantee that, after Brexit, the Northern Ireland border will remain as open as it is today. And the Europeans want that in writing before Britain is allowed to begin negotiations on its future trade relationship with the bloc.

The Smithsonian’s National Portrait Gallery in Washington, D.C., has a new exhibition called “The Sweat of Their Face: Portraying American Workers.” It's combination of art and history, and the realities of some of the people who've helped make this economy go from the 18th century to present day.

Marketplace host Kai Ryssdal got a walking tour with the museum’s curator of painting and sculpture, Dorothy Moss.

(Markets Edition) Markets have responded mostly positively to the progress the GOP has made in overhauling America's tax system, but the tech-heavy NASDAQ didn't have the greatest Monday. Gabriela Santos, global market strategist with JP Morgan Asset Management, stopped by to explain why some sectors are going to benefit more from corporate tax reform than others. Afterwards, we'll look at China's fight to be considered a market economy.

Wedding cake case goes to the Supreme Court

Dec 5, 2017

The Supreme Court justices will hear oral arguments today in the case of a Colorado baker who refused to bake a wedding cake for a same-sex coupleHe said a state law forbidding discrimination on grounds of sexual discrimination forces him to act against his Christian beliefs. Supporters of the couple argue that if you go into business, you have to serve everyone. 

Click the audio player above to hear the full story. 

(U.S. Edition) The Senate is debating a bill that would free some small and midsized banks from regulations that were put in place following the financial crisis. We'll look at whether these looser rules will just mean bigger problems down the line. Afterwards, we'll discuss the Supreme Court's first hearing on a case involving a baker who refused to bake a wedding cake for a same-sex couple. Plus: How one company is letting investors buy a cut of their favorite artists' royalties.

Will only the rich cheat death?

Dec 5, 2017

Some of the biggest names in tech are on a quest to live forever. Amazon's Jeff Bezos, Oracle's Larry Ellison and Google's Larry Page and Sergey Brin have invested a lot of money in life-extension technologies, including cryogenics and digitizing our minds and uploading them into robots.

And that has people thinking, will the rich be the only ones who can afford to stick around? And what impact would that have on society? 

Music will rake in $41 billion by 2030, according to a recent report from Goldman Sachs — over 80 percent of that from streaming sites like Spotify or Pandora. Thing is, every time a song is streamed online, somebody’s getting paid royalties. Now a new company is capitalizing on this growth in a novel way. 

12/05/2017: The EU’s paradise blacklist

Dec 5, 2017

(Global Edition) From the BBC World Service … European Union finance ministers are expected to adopt a blacklist of 20 tax haven nations. We’ll tell you what that could mean for some of the world’s biggest companies. Afterwards, we’ll take you to Tokyo where names like Takata and Kobe Steel once contributed to the country’s sterling corporate reputation…but have more recently helped tarnish that perception. 

On a feedlot in far southwest Kansas, two cowboys on horseback move cattle on the high dusty plains, spread out like dozens of football fields stitched together with miles of fences.

Their “Buenos dias! Buenos dias!” greetings mix with moos on a hot summer morning.

Some of tech’s most powerful players are investing money in life-extension technologies. The founders of Amazon, Oracle, and Google are just some of the elite looking to live forever. That has some people wondering, will only the rich be able to escape death? On this episode of Marketplace Tech, host Molly Wood talks to author Stanley Bing. His new sci-fi novel “Immortal Life” looks at how anti-aging technology could shape society.

For coastal communities from Florida to Texas, this year's hurricane season may be a preview of what's to come. Scientists say with climate change, in the future we're likely to see more severe hurricanes and heavier rain events. In addition, as ice sheets melt, sea levels are rising faster, flooding low-lying coastal areas such as Miami.

Voice of America, Radio Free Europe and Radio Liberty are among ten American media outlets operating in Russia that are now considered "foreign agents" under a new directive from the Kremlin – a tit-for-tat response to a similar U.S. move.

Republicans say the tax-cutting overhaul being debated in Congress will jump-start the U.S. economy, leading to a lot more investment and hiring by companies.

But some economists say the tax plans — which would sharply cut corporate and business taxes and eliminate numerous deductions for individuals — come at precisely the wrong time. Lower taxes could also be undercut by Federal Reserve policymakers, who are gradually raising interest rates, they say.

The tax cuts the Senate approved in the wee hours of Saturday morning are expected to add at least $1 trillion to the federal deficit over the next decade. That’s according to the Senate’s own Joint Committee on Taxation. And that’s after taking into account a boost to economic growth generated by tax cuts. So what does that mean, exactly, for the economy? And why is it so hard to get people to care?

Click the audio player above to hear the full story.

What a small business owner makes of the tax overhaul.

Dec 4, 2017

Is the proposed tax overhaul really a boon for small business? We checked in with Austin Golding, co-owner of Golding Barge Line in Vicksburg, Mississippi, to find out his perspective.

"It seems like every time there's a discussion about it, there's a different provision or different nuance to it, but we've definitely been trying to make sure that we are postured to be in the right position to absorb any changes," Golding told Marketplace host Kai Ryssdal.

Click the audio player above to hear the full story.