Author Archive

How The Tough Economy Changes Young People’s Lives   Leave a comment

tough economy changes youngLink: http://www.marketplace.org/topics/wealth-poverty/how-tough-economy-changes-young-peoples-lives

Summary: Many people are still feeling the after-effects of the Great Recession, especially young adults. Young adults still have a higher than average unemployment rate, and are not hitting traditional milestones–such as living alone, starting careers, buying their first home–and have been described as a generation that has “failed to launch” due to the poor economy. Everything that is happening to this generation is happening later in life as they work to launch themselves as independent, self-supporting adults in the harsh economic environment.

Original Air Date: September 16, 2014

Length: 4 minutes 36 seconds

‘Made in Italy’ May Not Mean What You Think It Does   Leave a comment

Italian Fashion Heavyweights Dress Rich And FamousLink: http://www.marketplace.org/topics/business/made-italy-may-not-mean-what-you-think

Summary: The Country of Origin label is a powerful element on upscale brands. Italians consider it a national economic resource, but the stamp can’t always be believed. US laws say the “last substantial transformation” must be in the country of origin, and tracking manufacturing is difficult at best.

Original Air Date: September 24, 2014

Length: 3 minutes 55 seconds

 

Americans Appear Ready To Go Shopping Again   Leave a comment

americans ready to go shoppingLink: http://www.marketplace.org/topics/economy/americans-appear-ready-go-shopping-again

Summary: Consumer reports conclude Americans are ready to spend again. The market is on the rise, especially as the recession fades.

Original Air Date: September 25, 2014

Length: 1 minute 28 seconds

A New Financial Innovation for the Housing Market   Leave a comment

US-REAL ESTATE-SIGNLink: http://www.marketplace.org/topics/economy/new-financial-innovation-housing-market

Summary: Large investors have started buying houses–in the past few years, they have bought almost 200,000 new homes. The strategy was to buy low, and set the rent high. Interestingly enough, housing prices have appreciated, and rental prices have stayed the same, which results in not as big of a profit for the investors. This has created what they call rental-backed securities.

Original Air Date: October 13, 2014

Length: 2 minutes 52 seconds

The Boom-and-Bust Story of a Crop Called Guar   Leave a comment

guarLink: http://www.marketplace.org/topics/sustainability/boom-and-bust-story-crop-called-guar

Summary: Guar is a small bean, and it had a recent rise and fall in the marketplace. Besides being an additive to thicken many foods, it’s also used in fracking. When fracking took off, the price of guar rose. As the price increased, Texas farmers started growing a lot of it, until Pakistan and India–which grow 98% of the guar combined–caught up to the demand. As a result, oil companies stopped hoarding it, and the prices dropped. The Texas farmers were left without buyers, and caused a chain reaction of bankruptcy.

Original Air Date: October 9, 2014

Length: 2 minutes 47 seconds

What Could Slow U.S.’s Surging Oil Output? Low Prices.   Leave a comment

Link: http://www.marketplace.org/topics/sustainability/what-could-slow-uss-surging-oil-output-low-prices

Summary: The oil the United States has been pumping has been getting less and less profitable. In North America, oil comes from fracking shale, and after the first initial output, oil companies have to drill deeper and deeper to get to the oil, causing it to be more expensive to access. However, the price of oil is dropping worldwide, and that could mean that the United States could be out of the oil industry, simply because it costs too much to produce.

Original Air Date: October 10, 2014

Length: 2 minutes

The Stock Market Has Been and Always Will Be Volatile   Leave a comment

Markets Open One Day After Dow's Biggest Drop In A YearLink: http://www.marketplace.org/topics/economy/stock-market-has-been-and-always-will-be-volatile

Summary: Many people are worried about the stock markets, especially with everything going on in the world (Germany’s bad news, Ebola, etc). However, the stock market is a volatile place–and, according to Quincy Crosby, a financial market strategist at Prudential Financial, it’s meant to be that way.

Original Air Date: October 10, 2014

Length: 2 minutes 11 seconds

Get Rich By Giving Up Lattes? Not So Fast   Leave a comment

US Barista Championship Held During Coffee Industry Expo In BostonLink: http://www.marketplace.org/topics/your-money/get-rich-giving-lattes-not-so-fast

Summary: There’s a theory in the personal finance industry known as the Latte Factor, which says give up the coffee drink and invest the money instead, and you’ll have enough to retire on. However, that theory doesn’t factor into the equation inflation and taxes, and is now being proven wrong.

Original Air Date: October 10, 2014

Length: 2 minutes 19 seconds