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Award-winning Marketplace is public radio's daily magazine on business and economics news "for the rest of us."  Hosted by Kai Ryssdal, award-winning Marketplace is public radio's daily magazine of business and economics. Marketplace takes a fresh approach to business news covering  listeners from wallet to Wall Street. 

The Hankamer School of Business at Baylor University and Mc Lane Intelligent Solutions are local sponsors of Marketplace on KWBU.

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Unions bet big on the Senate

Oct 18, 2016
Gigi Douban

There's been big spending by labor unions in this election — and even more in the last couple weeks. The powerful AFL-CIO has spent millions on 2016. Of course, labor unions have long supported Democrats, but this year they’re looking beyond the presidential race to the Senate and even farther down the ballot. 

Union reps are already in battleground states from Ohio to Wisconsin doing what they do best: knocking on doors, making calls, handing out leaflets at factories. And over the coming weeks, voters in those states can expect an even bigger push. 

America loves candy corn, apparently

Oct 18, 2016
Kai Ryssdal

America — what is the matter with you?

A survey out today from Influenster asked people across the country about their favorite Halloween candies. The candy of choice in the most number of states — and picture me shaking my head here — is candy corn. 

I'm reassured only in the knowledge that the treat getting highest number of total votes was Reese's peanut butter cups — a personal favorite of mine.

D Gorenstein

The Bureau of Labor Statistics released new inflation numbers today.

Turns out consumer goods are about 1.5 percent more expensive today than they were last fall.

It’s the usual culprits — gas, housing. But deep among the data was a figure which grabbed our attention.

Prescription drugs have gone up 7 percent since last year — the highest annual increase since 1992.

It's an historic price spike, but health policy people aren’t exactly sure what’s behind it.

Liberating Mosul from ISIS is just a first step

Oct 18, 2016

A major offensive to capture the Northern Iraqi City of Mosul from the Islamic State is underway and will likely intensify over the coming days. Iraq’s second largest city has been under ISIS control for the past two years. The U.S. Treasury Department said the Islamic State pulled in about $1 billion last year — half from oil and gas revenue and more than a third from taxing and extorting people in places it controls — places like Mosul.

Why would a big bank help startups win its customers?

Oct 18, 2016
Mark Garrison

Low-income Americans can sometimes feel invisible to startups and big banks, many of which focus on wealthier customers. Changing that is the focus of Financial Solutions Lab, an unusual joint project of JPMorgan Chase and the Center for Financial Services Innovation, a nonprofit. The bank has committed $30 million over five years, including support for startups trying to address challenges faced by low and moderate income Americans.

Let's do the numbers: our latest economic anxiety poll

Oct 18, 2016
Marketplace staff

There are plenty of numbers in our recently released Marketplace-Edison Research Economic poll , but the overall takeaway is Americans are even more anxious about the economy than they were a year ago. What does that really look like? Washington Bureau Chief Andrea Seabrook breaks down the numbers behind the poll via Twitter:

Tim Kaine: Still a long way to go on jobs

Oct 18, 2016

Senator Tim Kaine was in Detroit, Michigan today,  a city that's kind of become the bipartisan default backdrop for political speeches about the economy. The Democratic nominee for vice president was talking this afternoon about poverty and how a Clinton-Kaine Administration might work to end it.

Kai Ryssdal: Senator Kaine, good to have you with us.

Tim Kaine: Kai, great to be with you today, thanks.

Marketplace for Tuesday, October 18, 2016

Oct 18, 2016

Democratic Vice Presidential candidate  Tim Kaine was in Detroit today talking about poverty. We got him on the phone to ask what makes a good job, how the Clinton administration would bring back disenfranchised voters and whether his parents could have made it in this economy. Plus, more from our economic anxiety survey and this year's down-ballot races.

Cost of living adjustment ticks up, barely

Oct 18, 2016
Adam Allington

The annual cost of living adjustment, known as COLA, was released this morning.

Starting in January, Social Security recipients will receive a tiny bump in pay of just 0.3 percent, which equates to something close to $4-5 per month for the average retiree.

COLA increases have been essentially flat in recent years. Since 2009, the cost-of-living hike has been more than 2 percent only once, and has been zero three times.

Social Security recipients to get $5 more a month

Oct 18, 2016

On today's show, we'll talk about a 0.3 percent increase in Social Security benefits for next year; the most important attributes Americans value in a job; an increase in the high school graduation rate; and why Saudi officials are going on roadshows. 

On today's show, we'll talk about why unprotected passwords may not have been included in the Yahoo hack; tomorrow's opening of the National Museum of African American History and Culture in D.C.; and the psychology of gas shortages. 

The economic impact of a major new museum

Sep 23, 2016
Nancy Marshall-Genzer

The National Museum of African American History and Culture is a somber and celebratory look at the history of African-Americans in this country.  

It’s expected to draw huge crowds. And they’ll be bringing their wallets.

There’s a pretty straightforward way to analyze a museum’s economic impact. Analysts check out what people spend getting to the museum and how much money they drop there.

Lane Wallace

Hillary Clinton’s campaign is out with a proposal to raise the estate tax for the largest estates. She’d already suggested an expansion of the tax; new details appeared on her website Thursday proposing to up the top rate to 65 percent.

Manufacturing lags overall economy

Sep 23, 2016
Mitchell Hartman

Manufacturing has been a lagging economic sector in the past year. 

The biggest problem for the sector right now, said economist Steve Murphy at Capital Economics, is the strong U.S. dollar. It makes U.S. exports more expensive for overseas companies and consumers, and puts competing suppliers from countries with weaker currencies at an advantage.

Murphy said the strong dollar began taking a toll on U.S. manufacturers in early 2016. And even automobile production can’t be counted on to spark a rebound in manufacturing, he said. 

How a gas shortage got worse with panic buying

Sep 23, 2016
Emily Siner

If you drove past a gas station in Nashville last weekend, you might have seen bags over the pumps or else a really long line of cars. Not even minor celebrities were spared.

At an Exxon station on Monday — which had gas and no lines — Tennessee Titans punter Brett Kern was finally filling up. His car was almost on empty.