Marketplace on RADIO IQ

Weekdays at 6:30 p.m. on RADIO IQ
Kai Ryssdal

Marketplace with host Kai Ryssdal produced and distributed by American Public Media focuses on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets.

The only national daily business news program originating from the West Coast, Marketplace is noted for its timely, relevant and accessible coverage of business, economics and personal finance. 

Marketplace, weekdays at 6:00 pm on WVTF and 6:30 pm on our RADIO IQ and RADIO IQ With BBC News networks.

Be sure to check out the  Marketplace Morning Report weekdays at 9:51 on RADIO IQ andRADIO IQ With BBC News.

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Program Headlines

  • Wednesday, May 27, 2015 5:00pm

    The U.S. Department of Justice started investigating the Cleveland Police Department in 2013, concluding in a report last December that the department used unreasonable and sometimes unnecessary force.

    Cleveland has reached an agreement with the DOJ that avoids a long, expensive court fight. But, “Everything has to be paid for," says Steven Dettelbach, U.S. attorney for the Northern District of Ohio.  

    By everything, he means requirements in the agreement for things like training officers to deal better with minorities and people who are mentally ill and equipment, like computers in patrol cars.

    “Officers in their cars should connect up with all the data that we collect on people that they’re arresting and the dangers that they’re facing every day,” Dettelbach says.

    Mayor Frank Jackson says the cost will be in the millions, and he’ll be looking for what he calls "external help."

    That help could come from people like Michael Stanek, owner of Cleveland Cycle Tours and chief financial officer of Hunt Imaging, which makes toner. 

    “If there were some training programs they were looking to implement, I think it would be very appropriate for me as a small businessman to help out,” Stanek says.

    How much help would he give?

    “A thousand maybe,” Stanek says, but he the money would have to be earmarked for a specific program— he won't write a blank check.

    Cleveland’s business community has dipped into its pockets before. It helped fund an education reform program a few years ago.

    “The community realizes this is going to need to be a public-private partnership," says Joe Roman, president and CEO of the Greater Cleveland Partnership, the city’s chamber of commerce. "And I think everybody is all in, trying to figure out what the right role is that they can play.”

    And how much it’ll cost.

  • Wednesday, May 27, 2015 5:00pm

    Common sense wins a rare victory over corporate America.

    Taco Bell, as you may have heard, has decided to take artificial flavors and colors out of its offerings.

    For the detail-oriented among you, the company's going to switch from using artificial black pepper to, and this is a quote, "natural black pepper flavor."

    Which does raise this very hair-splitting question, I grant you: is there a problem with, you know, actual black pepper?

  • Wednesday, May 27, 2015 4:54pm

    About 15 years ago, investment banker Greg Carey helped the New England Patriots secure the money for a stadium. He soon took his talents to Goldman Sachs.

    Over a decade later, Goldman Sachs has become a leader in stadium finance, securing money for the 49ers’ Levi Stadium in Santa Clara, California, and the new Yankee Stadium in New York. Goldman Sachs doesn’t just provide the money however, it also helps make stadiums as profitable as possible.

    “They’ve been the ones who have come up with all the new innovations in this business,” the Los Angeles Times’ Tim Logan tells Kai Ryssdal. Among the innovations: securing low interest loans, personal seat licenses (PSLs), and turning multi-billion-dollar stadiums into tax-free public entities.

    The city of Carson recently announced that Goldman Sachs would bankroll a new stadium that could potentially be shared by the Oakland Raiders and the San Diego Chargers. If it succeeds, it will be one of the most expensive stadiums ever built.

    Logan says most of the money will come from PSLs, and they’re expecting to sell a ton of them: about $800 million worth. “If they can raise $800 million with PSLs and they can sell it through a public entity that owns a public stadium, that money is not taxed,” Logan explains. “[They’ll] see all that money [go] into the stadium deal.

  • Wednesday, May 27, 2015 3:13pm

    When VIDA Middle School in Vista, California, received a grant to hand every one of its 680 students an iPad with a free 4G connection, parents were excited.

    VIDA Principal Eric Chagala
    They were also a little nervous.

    "We have a large population of students who walk," says Principal Eric Chagala. "The fear was, you are putting a $700 or $800 device in my 11-year-old's hand, and they have to get home."

    So, Chagala hit the streets of the working class neighborhood around the school. He talked to local police. He dropped in on area pawn shops, to ask them to call the school if people started showing up with iPads to sell.

    VIDA, or the Vista Innovation & Design Academy, is a year-old magnet school that replaced the struggling Washington Middle School.

    The long rows of classrooms and outdoor hallways now have a fresh coat of paint and regular appearances by the new mascot, a shark.

    The VIDA community chose the shark as a mascot because of how it serves as an example of biomimicry, which fits the school's themes of design and innovation.

    The old teacher's lounge has been turned into a maker's space, where sixth-graders recently worked to build models of carnival attractions with wood blocks, cardboard and plastic containers. They used their iPads to design the models earlier in the week.

    One group of kids is building a haunted house using CDs to create broken glass. Another team is working on an ambitious spinning ride — it has sprinklers, a concession stand and sharks. It's happy chaos.

    Traditional classes here have also been transformed by the technology.

    VIDA teacher William Olive
    "We now have students who look at historical dilemmas and be problem solvers," says William Olive, a history teacher with 27 years of experience.

    He no longer drills students on facts. He says his job now is to help students use the tech to explore and create. Many of his students didn't have that kind of access before at home or at school. One-third of the students in the upper grades at the school are homeless.

    "I teach a junior Model United Nations club, and 13 of the 19 students didn't have a computer or printer at home," Olive says. "For them to have access to an iPad is revolutionary."

    At school, students use their tablets for research and to create presentations. Olive says they have a whole new set of questions about the world, from the South China Sea to the Sudan.

    "It gives a more of a level playing field, it also helps their families," he says. "Now their families have access to technology and are starting to understand it."

    But students are also under a new kind of pressure to take care of their devices. They can't lose it or misuse it. They, and their parents, are anxious about the costs of replacing it if things do go wrong.

    Chagala feels a new responsibility too, one with a bigger price tag: keeping up this level of access.

    "Our richest kid and our poorest kid, there is no difference in access and opportunity for learning for them at this point," he says.

    Students at VIDA middle school use their iPad tablets in class for assignments, but also to complete homework and email teachers.

    The current grant from Digital Promise and Verizon lasts two years. After that, the school gets to keep the iPads, but they lose the free 4G connectivity.

    "I'm scared to death," Chagala says. "It's been such a blessing. I don't think our kids could imagine not having access."

    District and city officials are working on a plan to keep the kids connected and expand access to even more students.

    Photos by Millie Jefferson for Marketplace
    Is it time to hand every K-12 student a laptop or tablet and let 'em have at it? Teachers, administrators and parents across the country are grappling with the new digital classroom. In a play on the popular children's book, "If You Give a Mouse a Cookie," Marketplace explores the ever-expanding reach of education technology.

  • Wednesday, May 27, 2015 7:00am

    Here's what we know:

    -Seven FIFA soccer officials were arrested early Wednesday morning in Zurich as they prepared for their annual meeting.

    -Nine FIFA officials and five corporate executives have been charged by the U.S. with a scheme that has allegedly been going on for 24 years, involving more than $150 million in bribes and kickbacks.

    -A separate investigation by the Swiss Government was also launched to look into the 2018 and 2022 World Cup.

    -The seven officials who await extradition to the U.S. for trial are FIFA Vice President Jeffrey Webb, FIFA Vice President Eugenio Figueredo, Eduardo Li, Julio Rocha, Costas Takkas, Rafael Esquivel and José Maria Marin.

    -The arrests and charges come ahead of Sepp Blatter's expected re-election as president of FIFA—it would be his fifth term. So far, Blater is not among those who have been charged with corruption.