Marketplace on WVTF, RADIO IQ & RADIO IQ w/BBC News

Weekdays at 6:00 PM on WVTF and 6:30 PM on RADIO IQ

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 and RADIO IQ With BBC News.

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Composer ID: 
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Program Headlines

  • Thursday, July 24, 2014 7:00am

    Retirees and employees have voted to accept benefit cuts under Detroit’s bankruptcy blueprint, but not all creditors are on board. Two of the biggest holdouts are bond insurers.

    Some are cooperating with Detroit’s plan, but not Syncora Guarantee Inc.

    “They’re fighting tooth and nail against the city’s proposed settlement, because it’ll cost them money,” says Alan Schankel, a municipal research analyst at Janney Montgomery Scott.

    Syncora and Financial Guaranty Insurance Co. (FGIC) insured almost $1.5 billion of Detroit’s pension debt. The city is offering ten cents on the dollar, or less. That may not be enough.

    “Bond insurers got in a lot of trouble in the 2008 crisis. A lot of them were investing in some very exotic derivatives and other things,” says Eric Scorsone, a public finance economist at Michigan State University.

    Syncora was insuring mortgage backed securities and other complicated financial products, says analyst Alan Schankel. As the housing crisis hit, Syncora lost capital and its AAA rating.

    This all comes at a time when fewer muni bonds are even getting insured. Schankel says before the financial crisis, more than half of new bonds got insurance.

    “This year to date that percentage is 4.85 percent,” he says, calling it a precipitous drop.

    He believes marketshare will improve over time. The question is whether it will happen in time for Syncora. 

  • Thursday, July 24, 2014 7:00am

    Corporate tax inversions are the latest topic of debate on Capitol Hill. Allan Sloan, senior editor at large for Fortune magazine, appeared before the Senate Finance Committee on Tuesday to talk about  international taxation and ways to reverse American companies reincorporating overseas.

    Click the media player above to hear Allan Sloan in conversation with Marketplace Morning Report host David Brancaccio to explain the maneuver, why it’s happening, and what government should do to regulate it. 


  • Thursday, July 24, 2014 6:00am

    Workplace discrimination comes in many different forms and shapes. But research out of the University of Colorado shows how women and minorities are often punished for promoting other women and minorities.

    Researchers at the University of Colorado say they think they’ve solved the puzzle of why there is still a glass ceiling. They say women and minority leaders are discouraged from focusing on diversity, while white men are praised for doing so.

    Matthew Kohut is Managing Partner of KNP Communications and co-author of the book, “Compelling People: The Hidden Qualities That Make Us Influential.” 

    “This is a double standard. There’s no question that this is straight up discrimination,” says Kohut.

    Kohut says a positive case for diversity has to be made again and again.

    “Certainly my hope would be that, that would minimize the impact of this double standard and that would begin to chip away at it,” says Kohut.

    But in the meantime, the best and brightest employees could still be overlooked. Lissa Broome heads the Director Diversity Initiative at the University of North Carolina Law School.

    “So I would really hate the result of this to be that people don’t go to bat for whomever they believe the best candidate is regardless of that person’s gender or race,” said Broome. 

    The study suggests one way to change this behavior is to get rid of the idea of “diversity” and instead focus on “demographic unselfishness.” 

  • Thursday, July 24, 2014 6:00am

    In the tech industry, one of the central debates has been over whether continued technological innovation can do much good for a wider group of people than just a narrow slice of the urban upper middle class. Tessie Guillermo, CEO of the tech consulting company ZeroDivide, has been thinking about these issues.

    The “digital divide” — the gaps between technology haves and have nots — which inspired the name of her firm, is a real and pressing issue. The skewed demographics of the tech industry can also make using technology to improve social outcomes a challenge.

    “It creates a lot of anxiety and fear,” says Guillermo.

    The ability to give digital literacy to these groups — community organizations and underserved communities — is difficult, and the demographics compound the challenge.

    Furthermore, the way the tech industry sells these improvements could be counterproductive.

    “There’s not necessarily an app for everything,” says Guillermo.

    There is an impatience to how the tech industry deals with problems, in terms of the constant iteration, that doesn’t always translate to other contexts. 

  • Thursday, July 24, 2014 6:00am

Playlist

June 30, 2014

6:27 PM
War Zone
Artist : Dale Earnhardt Jr. Jr.
Album : The Speed of Things
Composer :
Label : Warner Bros.