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

    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 7:00am

    The U.S. Securities and Exchange Commission has voted to change the way money market funds work. More on that decision. Plus, more on a new study shows that women and minority leaders tend to be punished for focusing on diversity, while white men are rewarded for the same behavior. Also, with the influx of young migrants detained at the Southwest border this year, we take a look at the countries from which most are fleeing: Honduras, Guatemala, and El Salvador.

  • 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 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 10, 2013

6:26 PM
Mansard Roof
Artist : Vampire Weekend
Album : Vampire Weekend
Composer :
Label : Xl Recordings