Economics & Economy

03/29/17: Who has the upper hand when it comes to Brexit?

Mar 29, 2017

Britain's ambassador to the EU has handed over a letter saying it's over. Now that the separation has begun, who's in the most advantageous position? We'll examine the trade relationship between the U.K. and the bloc. Afterwards, we'll discuss some of the causes of the country's opioid crisis, and then look at Wells Fargo's decision to pay $110 million in a settlement over accounts opened without customers permission.

03/29/2017: Brexit begins

Mar 29, 2017
Marketplace

After more than four decades of membership with the European Union , the British government has officially notified its European partners that the U.K. is leaving the bloc. Marketplace’s London Bureau Chief Stephen Beard looks at how global banks and financial institutions based in the city of London are preparing for Brexit. Also on today's show, we take a look at how Virtual Private Network (VPN) services are looking to capitalize on the recent move in Congress to repeal rules aimed at protecting online privacy.

Nuclear energy firm Westinghouse files for bankruptcy

Mar 29, 2017

Westinghouse Electric Company, the nuclear energy firm based in Pittsburgh, filed for Chapter 11 bankruptcy Wednesday. Westinghouse is owned by the Japanese company Toshiba and has been running several years late and billions of dollars over budget in its construction on several nuclear reactors in the southern United States. 

Click the above audio player to hear the full story.

The final word on last year's economy is almost here

Mar 29, 2017

Thursday, the Bureau of Economic Analysis will release final revisions to economic growth numbers, aka the gross domestic product, for 2016. In other words, we'll find out if economic growth last year really was as lousy as it seemed. But why look back? With the end of first quarter of 2017 almost here, there’s plenty of handicapping to be done on what GDP will look like this year. 

Click the audio player above to hear the full story.

Erika Beras

Alethea Sims is a longtime resident of East Liberty, a Pittsburgh neighborhood. A few years ago, Google opened an office not far from there. Luxury apartment buildings started cropping up. She hung signs that read "Black Homes Matter."

As rents here have risen, Sims has watched some of her mostly black neighbors move to cheaper areas.

“When you're talking, like, $1,000, $2,000 and up for a one bedroom, who's that affordable for? Definitely not the people who lived there. And not too many people that I know of,” she said.

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