Economy & Business

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The soda industry says it will fight to repeal the tax on sweetened beverages voted in by the Philadelphia City Council this week.

"The tax passed [in Philadelphia] is a regressive tax that unfairly singles out beverages — including low- and no-calorie choices. But most importantly, it is against the law," reads a statement from the American Beverage Association.

When 20-year-old Adam Lanza walked into Sandy Hook Elementary — the same school he attended as a child — he was carrying a few guns, but his main one was a Bushmaster AR-15 rifle.

In a span of a few minutes, 20 students and six educators were dead. In one classroom, police recovered 80 expended bullet casings from the gun. In another, 49.

"With recent events and political environment, these weapons will be harder to get a hold of." "This is what your AR-15 dreams it could be when it grows up." "I can meet ... near the FL Mall in Orlando or any other time." "Cash is king."

Waze is doing away with the crazy left turns

Jun 17, 2016
Kai Ryssdal

Your drives to and fro could get just a hair longer.

If you use Waze, the crowdsourced navigation app, you know its fatal flaw.

The often hairy, sometimes downright dangerous left turns it orders you to do.

OK, doesn't order, but suggests.

As of today, rolling out first here in L.A., Waze will offer drivers an alternative route, maybe like going to the closest signal instead of playing real-live Frogger or using a bunch of right turns to get where you're going.


I just want 'em to bring back the Morgan Freeman voice option.

Joining us to talk about the week's business and economic news are to Nela Richardson of Redfin and Cardiff Garcia of FT Alphaville . 

Click the audio player above to listen to their conversation.

Apple has hit a new snag in China: Beijing's intellectual property agency has ruled that the iPhone 6 and iPhone 6 Plus violate a design patent by one of China's own smartphone-makers.

Marketplace for Friday, June 17, 2016

Jun 17, 2016
Hayley Hershman

We close out our series, "The Price of Profits," with a look at what makes a good job and how that's changed as corporations focus on profits; the SEC votes on whether or not to approve the IEX as America's newest stock exchange; and the last five days in five minutes with the Weekly Wrap. 

Adding value by slowing things down?

Jun 17, 2016
Sabri Ben-Achour

UPDATE:  The SEC approved IEX Group's request to launch a new public stock exchange after this story was published.

The Securities and Exchange Commission has until 11:59 p.m. Saturday to decide whether to approve a new stock exchange called IEX. 

IEX is just like other stock exchanges, with one little difference.

Online empathy in the wake of Orlando

Jun 17, 2016
Lizzie O'Leary and Eliza Mills

In the wake of a tragedy like last weekend's mass shooting in Orlando, Florida, people come together to react — to process, to grieve, to raise funds, to push for change. And a lot of this coming together happens online.

Facebook news feeds fill with articles and stories — photos, videos, opinions. Twitter is flooded with updates, friends reach out through social media, and the news seems amplified by algorithms. 

Then, often, as quickly as it began, it ends. The rapid pace of the news cycle takes over and the social feed moves on to the next topic. But do our minds?

What is your definition of a good job?

Jun 17, 2016
Hayley Hershman

When we were in Nashville reporting on the nature of jobs in today's economy, we asked people to tell us their definition of a good job.

Click the player above to hear some of their answers. 

You can check out to see full coverage of our series.

Kai Ryssdal

In our series "The Price of Profits," we're exploring corporations. What are they for? Whom are they for? And how that impacts the economy and you.

One way this impacts our economy is through jobs and job creation. The number of people without full-time jobs is going up, and so is the temp industry. Some of it has to do with a rise in technology, and some of it has to do with the fact that it's not profitable for businesses to create jobs.

Sure, the U.S. economy has problems: income inequality, aging infrastructure and slowing entrepreneurship.

But cheer up, Americans. The latest figures on developed economies show the United States is in far better shape than other countries.

The Organization for Economic Cooperation and Development, an international group that tracks global growth, said Thursday that the United States is making one of the strongest comebacks in the developed world.

Philly soda prices will have some extra fizz in 2017

Jun 17, 2016
Janet Nguyen

Philadelphia has just become the first major city in the U.S. to pass a soda tax, a measure that will charge residents an extra 1.5 cents per ounce for soft drinks beginning on January 1.

The tax is expected to raise about $91 million annually, which will be spent on pre-K programs, libraries and parks, along with various other initiatives and services, according to

Twenty years ago, Aimée Eubanks Davis taught in a middle school that served low-income kids in New Orleans.

She didn't define success in terms of test scores. Instead, she focused on the future, wanting her students to graduate from college and find a good job.

Eubanks Davis remembers when some of her earliest students first began that process, sending out resumes and preparing for job interviews.

"Oh, my goodness," she remembers thinking. "This is the moment you want to see: your former students living their dreams."

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