Economy & Business

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Marketplace for Thursday, July 21, 2016

Jul 21, 2016
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Marketplace

Kai talks to New York Time's Chief Washington Correspondent David Sanger about his latest interview with Donald Trump; former civil rights activists Peter and Marian Edelman talk about their time with Robert Kennedy during his poverty tour of Mississippi in 1967 and how they've seen issues of race and poverty change in the U.S. since then; and how Amazon is teaming up with Wells Fargo to lend student loans. 

The Edelmans: 50 years of fighting for equality

Jul 21, 2016
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Kai Ryssdal and Tommy Andres

In 1967, Senator Robert Kennedy took a tour of the Mississippi Delta to assess how President Lyndon Johnson's then-three-year-old War on Poverty was working.

Courtesy of Joy Global

Komatsu announced Thursday that it is purchasing mining equipment maker Joy Global of Milwaukee in a deal worth about $3.7 billion.

The Japan-based Komatsu makes construction, mining and military equipment.

Joy Global has 1,000 employees in Milwaukee and 12,000 worldwide.  

Amazon adds student loans to its offerings

Jul 21, 2016
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Amy Scott

Amazon is getting into the student loan business, in a way. The seller of not quite everything – yet – announced a partnership with Wells Fargo Thursday to offer discounts on student loans to members of its Prime Student program.

Members of Prime Student pay $49 a year for free two-day shipping, unlimited video streaming and photo storage and other perks. Now they will qualify for a half-percent interest rate discount on all Wells Fargo private student loans.

Facebook is aiming higher to try and connect the world

Jul 21, 2016
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Kai Ryssdal and Molly Wood

Facebook announced that it has completed its first-ever test flight of Aquila, an autonomous, solar-powered aircraft that it hopes will eventually beam internet access to developing countries that can't get it by more traditional means. We brought on senior tech correspondent Molly Wood to make us smart about it.

The prototype:

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Kai Ryssdal

Today, Donald Trump will accept the RNC's nomination as their candidate for the presidency.

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Ashley Milne-Tyte

Today a group of big names in the corporate and finance worlds came together to make an announcement. The group includes Warren Buffett, Jamie Dimon of JP Morgan Chase and Mary Barra, CEO of GM. They got together to sign and release what they're calling a set of commonsense principles around corporate governance. 

Elon Musk's vision of Tesla as a public transit company

Jul 21, 2016

On today's show, we'll talk about why Peter Thiel, a Silicon Valley billionaire who co-founded PayPal, wants to support Donald Trump; the debut of Disney's first Latina princess; and Elon Musk's desire to have Tesla venture into public transit.  

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

On Thursday night, Donald Trump will accept the Republican nomination for the presidency of the United States. His brash, outsider persona might signal that his convention speech will be...well, unconventional. But his campaign is saying his speech will in fact be modeled on one from nearly 50 years ago: Richard Nixon's 1968 nomination acceptance speech.

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Lane Wallace

Silicon Valley billionaire Peter Thiel will be appearing alongside Donald Trump on Thursday evening at the Republican National Convention. The PayPal co-founder, also an early investor in Facebook, has made headlines lately for his role in shadow funding Hulk Hogan’s lawsuit against Gawker.

Outside the hall and across the country

Jul 21, 2016
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Nancy Marshall-Genzer, Andrea Seabrook, Katie Long and Gina Delvac

On day three of the RNC, we take you outside the convention to the streets of Cleveland and the cattle ranches of Oregon.

Michelle Maternowski

Strong internet connections can play a huge role these days in the economic viability of an area.  As growing numbers of devices and systems are being connected to the internet, cities across the country are looking to keep up with what’s called the Internet of Things, or IOT. Milwaukee is no different.

The city is in the early stages of examining what it means to be a "Smart City," or a city that uses technology and the internet to enhance performance.

The City of Milwaukee is ready using smart technology connected to the internet to improve lives and services.

Finally, Disney introduces a Latina princess

Jul 21, 2016
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Adrienne Hill

Elena is a thoroughly modern Disney princess. No time for true love. No obsessing over magical kisses.

She’s a sword-wielding, magical-cat-riding 16-year-old, trying to do right by her kingdom and her family.

She's also Latina.

"While I was immersing myself in the world of Disney princesses," said Craig Gerber, the show's creator and executive producer, "I quickly saw the need, desire and demand for a Latina princess."

In Greece, business people see some improvement

Jul 21, 2016
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Sam Beard

When Marketplace visited the Dioptra publishing house in Athens a year ago, Greece seemed on the brink of economic collapse.

Businesses were grinding to a halt. Dioptra’s boss, Costas Papadopoulos, was unsure whether his company would survive.

One year later, things are a bit better — but only a bit.

“We still don’t know what we’re doing or where we’re going. We feel that here in Greece, it’s a crime to be a businessman,” he said.  

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