Economics & Economy

Will work for Tesla

May 20, 2016
Kai Ryssdal

This final note today, which comes with the following caveat.

A couple of years ago, also on a Friday, as it happens, I made a joke about how that day was gonna be my last day hosting this program because I'd discovered a company in Florida that had Beer Cart Friday every week.

The boss came by with a beer cart and gave out free beer.

What's not to like, right?

Well, let's just say not everyone realized I was kidding, and I got something of a talking to.

So to repeat, this is not that.

Weekly Wrap: Who cares about a trade war?

May 20, 2016
Kai Ryssdal

If they hadn't already, the politics of the presidential campaign are definitely bumping up against economic reality now.

"Trade war?" presumptive Republican nominee Donald Trump said at a fundraiser this week. "We're losing $500 billion in trade with China. Who the hell cares if there's a trade war?"

Kim Adams

Egyptian and French officials are still sorting out what brought down Egypt Air flight 804 on Thursday. Families are mourning their lost love ones as Egypt braces for the broader effects of the accident.

Eleven percent of Egypt’s GDP is tied up in tourism, and the sector has been struggling.  Since the 2011 revolution, multiple — often violent — changes of government, terrorism and now two recent plane accidents are keeping tourists away.

Kai Ryssdal

In the 1960s, Bob Moog started making synthesizers. Now, more than a decade after his death, the name Moog is synonymous with synth. What’s more, Moog Music the company is going strong thanks to Mr. Moog’s ability to engineer instruments musicians love to play.

Credit card debt soars to nearly $1 trillion

May 20, 2016
Nancy Marshall-Genzer

It was a long struggle.  But finally, two months ago, 35-year-old Davin Anderson of Cleveland and his wife Kristin paid off their credit card balance, which at one point was as high as $8,000.  The bank just kept raising their credit limit.

“It happened again and again and again,” Anderson said.

Finally, Anderson said, his wife asked the bank to lower their credit limit to $4,000.

“They balked and argued with us a little bit," he said. "Just prying questions — you know, "Why?”