Economics & Economy

For many, Chinese New Year is a time to splurge

Feb 20, 2018

Chinese people are known as big savers, but the lunar new year, also known as the spring festival, is the one time of year when even farmers must splurge. Think of it as a combination of Thanksgiving and Christmas. The festival began on Friday and ends on Wednesday. Last year, Chinese people spent $122 billion during the weeklong holiday, and they’re expected to spend even more this year. What are Chinese people buying? Marketplace caught up with people at Shanghai’s Hongqiao Railway Station before they rushed back to their hometowns.

(Global Edition) From the BBC World Service … The World Bank says pensions will consume Brazil’s entire federal budget by 2030 …but the country today shelved a vote on reform. What does it mean for a nation recovering from financial crisis, and will October elections bring light at the end of the tunnel? Then, a new cryptocurrency launches today, this time backed by Venezuelan oil. We’ll explain who’s investing — and who’s not. Afterward, to Spain where a key business witness will give evidence today in ongoing Spanish corruption investigations.

In the tech world, we talk a lot about the applications for virtual reality, when you’re immersed in a totally different world.  But there may be more business applications for AUGMENTED  reality, where you add something to the scene around you.  Marketplace Tech host Molly Wood talks about it with Tim Merel, managing director of the tech consulting firm Digi-Capital.

IRS launches online tax calculator for 2018

Feb 19, 2018

The Internal Revenue Service is trying to help tax filers prepare for next year. In the light of the recent tax overhaul, it’s launching its new withholding calculator that will help people check if they are having too much or too little held back from their paychecks for taxes.

 Click the audio player above for the full story. 

Black Panther soundtrack soars

Feb 19, 2018

A typical movie soundtrack captures the essence of what people see on screen. It propels moviegoers to become music consumers eager to feel the moments of a film after its release. But "Black Panther: The Album" is not typical.

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