Economics & Economy

Plastic straws could be banned in New York City if a new bill introduced in the city council this week goes through. Similar restrictions are being considered for California. Several cities there have already banned the plastic straw. And both the U.K. and Taiwan have announced plans to eliminate them. Today McDonald’s shareholders are scheduled to meet and consider a proposal to get rid of the company’s red and yellow striped plastic straws. What would it take for McDonald’s to change?

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(U.S. Edition) The Trump administration is looking into applying import tariffs on foreign cars and trucks, which may go as high as 25 percent for vehicles from Toyota or Honda. But could this actually help the American auto industry? We'll look at the unintended consequences of a decision like this. Afterwards, we'll talk to the CEO of the Mayo Clinic, Dr. John Noseworthy, about his goal of reducing the amount of wasteful visits you have to take to the doctor's. (05/24/2018)

When Michigan State University announced a $500 million settlement last week with victims of convicted sports medicine doctor Larry Nassar, officials didn’t say how they would pay for it. Interim President John Engler told Michigan Radio that insurance will cover some of the cost. The university may have to borrow some money or dip into reserves.

Can Colombia turn peace into economic prosperity?

May 24, 2018

(Global Edition) From the BBC World Service ... Shares in European and Asian car companies have stalled after the U.S. raised the prospect of applying import tariffs on national security grounds. We ask economist David Bailey what's next. Then, Deutsche Bank is cutting 7,000 jobs as the bank's new chief executive vows to go back to basics. And, after half a century of civil war, Colombians are still struggling with the country's slow economic recovery. We explore the region's issues ahead of this weekend's election.

The Mayo Clinic wants you to see the doctor less

May 24, 2018

You probably know the Mayo Clinic for its doctors and from a few of the Google searches you've done when your lower back was hurting. But how about the next big thing in medicine, which could be artificial intelligence or a merger with Amazon, JPMorgan Chase and Berkshire Hathaway?

Well, no promises yet, but Dr. John Noseworthy, the president and CEO of the Mayo Clinic, has entrepreneurial plans for the hospital that opened in 1889.