Summary: Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media. Twitter: @Marketplace
You find out your partner has hidden thousands of dollars of debt. Now what?
Another 787,000 signed up for benefits last week, but that’s not the full picture when it comes to unemployment insurance. Plus, theme parks in California have not been able to reopen, and they may sue as a result. And, the very high end of the short-term rental market, for those looking for something a little more luxe than just an apartment.
The Supreme Court confirmation process for Judge Amy Coney Barrett has been a huge motivator for donations to Democrats. Plus, how do political campaigns spend all of that money coming in? We take a closer look. And, the end of streaming service Quibi.
From the BBC World Service: The world’s biggest chipmaker in Taiwan has recently had to stop selling chips to Huawei due to U.S. export restrictions. Post-Brexit trade talks start … again. A new approach to package pickups.
Big Tech monopolies are in the news this week. The Department of Justice sued Google over how it maintains its search dominance, and its search dominance is the key to its business model, which is that it makes 80% of its revenue from digital advertising. Facebook makes 99% of its revenue from advertising. The profitability of targeted ads is also a big reason why tech companies are constantly collecting so much data about us. And there’s a multibillion-dollar ad tech industry that exists because all of this makes so much money. But what if these ads didn’t work all that well? Molly Wood speaks with Tim Hwang, a former public policy exec at Google, where he worked on artificial intelligence and machine learning. He’s the author of the new book “Subprime Attention Crisis.”
Is a Biden win already priced in? One of our listeners wants to know — and if you’re not sure what that means, there’s an explainer on our smart speaker skill. Today we’ll talk about the markets, the economy and this election. Plus, more listener questions about Twitter, the lottery and virtual reality. Oh, and a little Quibi talk. As always, you can find links to everything we talked about today on our episode page at makemesmart.org.
How do you blow through $1.75 billion? We’re not sure, but today we’re going to puzzle through what happened with Quibi, the well-funded mobile-first streaming service that’s shutting down after six months. Plus: robots taking our jobs and the story of an affordable housing project in Baltimore.
Even when places like bars are open, they’re at limited capacity. Plus, how electric vehicle maker Tesla has been able to keep car deliveries up during COVID-19. And Netflix sign-ups are slowing after a pandemic boost earlier in the year.
When does public communication become government propaganda? We can learn something by looking back to the World War I-era Committee on Public Information from the Wilson administration. Plus, the latest on the antitrust case against Google and what’s ahead for Big Tech.
From the BBC World Service: Demonstrations against police brutality have intensified in Nigeria. Its financial center of Lagos and other regions are now under curfew. Plus, burger or “veggie disk”? European lawmakers review food labels.
The Justice Department filed a landmark antitrust lawsuit against Google yesterday over the company’s anticompetitive practices, specifically around search. The Justice Department and 11 states charged Google with maintaining an illegal monopoly on online search through business deals and agreements that lock out competitors, like paying Apple billions of dollars to make Google the default search engine for iPhones, and other deals with browser makers. It’s the most significant case against a Big Tech company in more than 20 years, since the one against Microsoft in 1998. Molly speaks with Charlotte Slaiman, an antitrust attorney at Public Knowledge.
Dark money is a bipartisan issue. When the Supreme Court handed down the Citizens United v. Federal Election Commission verdict more than a decade ago, conservatives were primarily benefitting from a system that allowed organizations with undisclosed donors to pour money into races. Now, although dark money spending this election is down overall, liberal organizations are spending more. On today’s show, Center for Responsive Politics Executive Director Sheila Krumholz walks us through how dark money is working in this election and why she’s optimistic the courts will take another pass at campaign finance law.
The Justice Department’s antitrust lawsuit against Google was a long time coming, but our tech correspondent Molly Wood says a more robust case might have taken a little longer. We’ll talk about the outlook both for the government and big tech. Plus: another lawsuit over H-1B visa rules, a new COVID-19 workplace safety law and what our poll says about the more than half of Americans afraid of losing their jobs right now.
The deadline from House Speaker Nancy Pelosi for pandemic relief legislation is here. When will we actually see aid? Plus, better access to banks for Americans in 2019. And, reevaluating the role of school police in Detroit.
On paper, more of us are looking like better risks for borrowing. The average FICO score topped 700 this summer, the highest on record. Plus, today is House Speaker Nancy Pelosi’s deadline to get a broad pandemic relief package worked out if aid is to arrive before the election. And, why older workers are less confident about being able to find new jobs.