Category: 4-FrequentNewsStreams

The tax and spending bill recently signed into law radically alters how borrowers will pay back their student loans, lowers the amount of money graduate students and parents can borrow, and officially sunsets President Biden’s SAVE program, which is known for low monthly payments, and expedited loan forgiveness. Reset speaks with student loan borrower Kia Clair, rising senior at Northern Illinois University; Alex Lundrigan, policy and advocacy manager, Young Invincibles; and Lisa Kurian Philip, WBEZ higher education reporter, about how these changes could affect local borrowers and what they can do to prepare. For a full archive of Reset interviews, head over to wbez.org/reset.

The United Nations this week warned that “widespread starvation, malnutrition and disease” are contributing to a rise in hunger-related deaths across the Gaza Strip. This comes as the flow of aid into Gaza has slowed in recent months and the price of food has increased drastically. On the show today, Reema shares what life looks like for her family there right now. And, we’ll get into the growing international pressure on Israel to lift barriers that organizations have faced in delivering aid.

Here’s everything we talked about today:

• "In Gaza, mounting evidence of famine and widespread starvation" from UN News
• "How Food Supplies in Gaza Have Dwindled Under the New Israeli Aid Plan" from The Wall Street Journal 
• "The Gaza Humanitarian Foundation Can Feed Starving Gazans" from The Wall Street Journal 
• "What’s Happening in Gaza? FAQ: Hunger and Humanitarian Aid" from World Food Program USA
• "A famine hasn't been declared in Gaza, but that may not matter, experts say" from ABC News

• "A conversation with Baba" from “This Is Uncomfortable”

  
  

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

This morning's GDP figure showed that the U.S. economy grew at an annual rate of 3% in Q2 — a higher-than-expected rebound. But there's more than meets the eye. "The headline number is showing the volatility in trade and imports and exports, but the numbers underneath are showing very much a slow slowing of the U.S. economy," says economist Kathryn Anne Edwards. We'll discuss. And later: South African entrepreneurs are bringing power generation within reach to lower-income families and small businesses.

Friday is the latest deadline for the U.S. to sign trade deals with other countries, or else they'll face higher tariffs. The administration had promised 90 deals in 90 days when setting the later Aug. 1 deadline. But as of today, it's not 90 — it's more like six. Plus, under-16s won't be allowed to have YouTube accounts in Australia, and small businesses may be equipped to weather hard times in Michigan's cannabis industry.

From the BBC World Service: The Australian government announced it will ban children under 16 from having YouTube accounts starting in December. The ban also limits young people's use of TikTok, Instagram, Facebook, X, and Snapchat. We'll learn more. Then, South Africa has long struggled with power cuts. Now, some companies are introducing pay-as-you-go backup power systems. And, a UN environmentalist warns that new Brazilian legislation aimed at streamlining major infrastructure developments will lead to more deforestation.

From agricultural laborers to software engineers, America offers multiple pathways for people to live and work in the country on temporary work visas. However, obtaining these visas can be frustrating and workers’ legal status is still tenuous. Reset hears from Coleman Immigration founding partner Christina Coleman and one Chicagoan about his experience on a temporary work visa. For a full archive of Reset interviews, head over to wbez.org/reset.

Marketplace’s Meghan McCarty Carino speaks to Sayash Kapoor, a PhD candidate at Princeton and co-author of “AI Snake Oil." He says small tweaks to AI chatbots can often have big, unpredictable effects.

Israel's prime minister is facing growing international pressure to end the war in Gaza that has killed more than 60,000 Palestinians. A leading food crisis group is now warning of widespread famine in Gaza as deaths from starvation rise. Amna Nawaz reports. A warning, images in this story are disturbing. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Consumer confidence ticked up in June, according to The Conference Board. At the same time, confidence in the labor market weakened for a seventh consecutive month. In this episode, what good are a bunch of confident consumers if they're stressed about finding work? Plus: SNAP cuts will hurt grocery stores, Americans have to buy foreign goods if we want other countries to buy our goods, and tariff costs negate productivity growth benefits.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Retirement is out of reach for a growing number of Americans who simply can’t afford to stop working. But seniors looking for work often face age discrimination. A program in Chicago provides job training, computer skills, and resume coaching for low-income seniors and has placed hundreds of seniors in jobs in community centers, schools, and public assistance programs. But as of July 1 of this year, the 140 seniors participating in this program have been furloughed due to federal and state funding cuts. Reset speaks with Sheryl Holman, CEO, Community Assistance Program. Plus, Patricia Johnson, Sandra Robinson, and Sharon Rainey, who participated in CAP’s Senior Community Service Employment Program. They share how CAP’s training and job placements helped them, and what needs to be in place for them to thrive. For a full archive of Reset interviews, head over to wbez.org/reset.