Business/Economy

Who wants to work in a biodome?

6 hours ago
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Kai Ryssdal

Jeff Bezos being a billionaire and all can do whatever he wants and people go, "oh, okay."

Bloomberg News has a story up about the new headquarters Bezos's company. Amazon is building in Seattle.

Here's the tidbit:

Out front there are gonna be three 100-foot tall biodomes filled with more than 300 plant species from around the world.

I'm just gonna quote Bloomberg here:

GMO labels are about to hit Vermont shelves

8 hours ago
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JaeRan Kim

Grocery market shelves are about to look a lot different in Vermont beginning Friday because of a new state law that requires all food labels there to say whether products contain genetically modified ingredients. It’s been the source of fights within the industry, including a last-minute effort to supersede Vermont’s law with a national one that would make GMO disclosures through codes on labels that are readable by smartphones.

Marketplace for Thursday, June 30, 2016

9 hours ago
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Marketplace

How a lack of leadership has created political chaos in Britain; the latest results of the Marketplace-Edison Research Poll suggest the suburbs aren't as stable as once thought; and why illegal trade thrives at the Mexico-Guatemala border

Why US Export-Import Bank backers are lobbying furiously

10 hours ago
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Nancy Marshall-Genzer

There’s a huge fight in Congress right now over the U.S. Export-Import Bank, a government agency that makes loans to foreigners so they can buy U.S. products.  

The bank needs authorization from Congress every few years. The bank lost its authorization a year ago. Congress did reauthorize the bank late last year, but it’s still hobbled. 

A year ago, John Murphy was working around the clock, lobbying hard to keep the Export-Import Bank open.

Brexit effects could show up in U.S. farm economy

10 hours ago
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Annie Baxter

The U.K. vote to leave the European Union is likely to have ramifications for many U.S. businesses, including those in farm country.

U.S. farmers are facing a lot of scrutiny these days over issues like animal welfare and genetically modified crops. Bob Young, chief economist at the American Farm Bureau Federation, said the U.K. has often sided with American farmers on issues like biotechnology. He said the U.K.'s departure from the EU could mean U.S. agriculture producers may face stiffer regulations from the European Commission, the EU's executive body.

Brexit uncertainty clouds UK economic outlook

10 hours ago
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Sam Beard

The FTSE Index of Britain’s top 100 companies hit a 10-month high on Thursday. Could this stock market jubilation be a sign that Brexit will pay off? Not quite. What put a rocket under shares was a statement from the Bank of England saying that it may cut interest rates over the summer. And that’s not a good sign at all.

“The economic outlook has deteriorated,” said Mark Carney, the bank governor.  

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Tony Wagner

America's biggest banks are cleared for billions in stock buybacks after most of them passed the second round of Fed stress tests this week.

In all, 31 of 33 passed — Deutsche Bank and Banco Santander were the only failures — including all eight systematically important banks. That means more dividends and buybacks are on the way.

This robot wants your memories

11 hours ago
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Kai Ryssdal

There’s been a lot of chatter about artificial intelligence recently. Sometimes they’re beating humans at board games or composing music, but they are all still very ... robotic. But in Vermont, the Terasem Movement Foundation is pioneering a new kind of AI geared to be almost completely human, programmed with users memories, thoughts and feelings. To test out the software, the organization created a sentient chatbot, Bina48, a human-robot hybrid.

On today's show, we'll talk about stress test success for 31 of America's biggest banks. Plus, we'll take a look at whether the construction of the Panama Canal will improve or worsen wealth inequality in the country. 

31 of 33 big U.S. banks pass stress tests

18 hours ago
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Mitchell Hartman

The Federal Reserve released the final results of its annual bank stress tests on Wednesday. Thirty-one of the 33 big banks that operate in the U.S. and are subject to stress testing passed. That includes all eight of the country’s biggest banks deemed “systemically important” to the financial system: Wells Fargo, State Street, JPMorgan Chase, Bank of America, Goldman Sachs, Citigroup, Bank of New York Mellon and Morgan Stanley.

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