Category: 4-FrequentNewsStreams

In our news wrap Tuesday, the U.S. said it carried out three strikes that killed at least 14 on alleged drug boats in the eastern Pacific, President Trump is heading to South Korea where he'll meet with China's President Xi, Texas is suing the makers of Tylenol for allegedly hiding unproven links to autism and Amazon is slashing 14,000 jobs as the company invests in artificial intelligence. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Amazon and Chegg both announced layoffs this week; Chegg says AI competition was a factor, and Amazon’s CEO alluded to AI-related job cuts earlier this year. History tells us when a new technology comes along and totally overhauls society (think, the steam engine), we end up with new, better jobs. So … why have we only heard about AI-related job elimination? Later in the episode: Wayfair bucks home goods trends, consumer confidence stays sorta glum, and schools struggle without pandemic-era universal free lunch funds.

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Unlike during the government shutdown in 2018-2019, the USDA is not using contingency funds to cover the cost of Supplemental Nutrition Assistance Program benefits. This means that nearly two million people in Illinois will have their benefits paused starting on November 1 if the government does not change course. In the Loop hears from Aubrey Lewandowski, a local SNAP recipient and from Nolan Downey, senior director of policy at the Greater Chicago Food Depository. For a full archive of In the Loop interviews, head over to wbez.org/intheloop.

It’s Day 28 of the government shutdown, and lawmakers still aren’t budging on the budget. But Congress faces key deadlines this week: Funds for assistance programs like SNAP could run out, and Americans may see their healthcare premiums skyrocket as open enrollment for Affordable Care Act plans begins Nov. 1. On today’s show, Kimberly unpacks what’s at stake with CQ Roll Call reporter Aris Folley. Plus, we’ll answer some of your questions along the way.

Here’s everything we talked about today:

• ”6 ways the shutdown is about to get worse” from Politico
• ”Largest federal workers union calls for an end to the shutdown, putting pressure on Democrats” from NBC
• ”Government shutdown continues to add to stress on air traffic controllers and disrupt flights” from AP News
• ”As Shutdown Drags and Trump Flexes, Congress Cedes Its Relevance” from the New York Times

We want to hear from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.

More than half of homeowners say their insurance premiums went up in the last year, according to Consumer Reports. The biggest culprits? Inflation, construction costs, and extreme weather. In response, Consumer Reports has drawn up what it calls a "Homeowners Insurance Bill of Rights," which it hopes will be adopted by states around the country. Today, we'll hear more. But first, Elon Musk has released an artificial intelligence-powered rival to Wikipedia.

The Federal Reserve’s Open Market Committee starts a two-day meeting on interest rates today. Most of the government data the Fed usually considers when voting on rates isn’t available because of the shutdown. We did get a tardy consumer price index report last Friday, though, and the Fed also produces some data itself. But can that paint a clear enough economic picture? Also: why workplace insurance premiums are likely to climb.

From the BBC World Service: During the financial crisis of 2008, the crimes of Bernie Madoff came to light. The ripple effects of his Ponzi scheme — one of the biggest frauds in Wall Street's history — are still being felt today. Now, banking giant HSBC has put aside over $1 billion for litigation related to Madoff. And later, we'll learn more about India's hard-hit carpet industry and a sports betting scandal in Turkey.

It’s Halloween, and Bridget and Ryan are trying to answer a question about the national debt while preparing for their town’s giant Halloween extravaganza. The town has taken on debt to make things extra spooky this year and things are starting to get a little out of control! Can Bridget and Ryan help the town navigate their monster debt?

(Grownups: This is episode does contain monsters but no jump scares! You know your kid listeners best, so exercise caution if Halloween is more tricky than treat for them!)

If your family is interested in learning even more about today’s question, check out our website. We’ve got conversation starters and a tip sheet!

This episode is sponsored by Greenlight. Sign up for Greenlight today at greenlight.com/million.

In his new book, Wikipedia co-founder Jimmy Wales writes ”in the early years of the internet, we were right to be bullish about people and the technology. Our capacity for social connection, community and cooperation can deliver amazing things. But the very same human nature can deliver atrocities.”

Wales’s says he wrote this book to help combat a crisis of trust in society that is leading to the rise of authoritarianism. Marketplace’s Nova Safo asked him about the main lessons he learned from building Wikipedia into a highly-relied-upon source of information.

The U.S. and China said they’ve agreed on a framework for a potential trade deal, once again trying to pull back from a trade war between the world’s two largest economies. The announcement comes as President Trump’s tour through Asia takes him to Japan. Nick Schifrin reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy