Category: 4-FrequentNewsStreams

Gaza's health ministry says Israeli gunfire killed at least 25 people seeking aid across three separate sites, wildfires have killed at least three people across Albania, Spain and Turkey, three died in Tennessee after downpours flooded parts of the state and President Trump announced the first class of Kennedy Center honorees since he took over as chairman. PBS News is supported by - https://www.pbs.org/newshour/about/funders

President Trump stunned many in the tech world after announcing a controversial deal with chipmakers Nvidia and AMD, allowing them to sell advanced artificial intelligence chips to China in exchange for giving the U.S. government a 15% cut of their revenue. Amna Nawaz discussed the legality of this deal and its implications with Scott Kennedy of the Center for Strategic and International Studies. PBS News is supported by - https://www.pbs.org/newshour/about/funders

HBO Max’s “Hacks” often tackles the push and pull between art and profit in the entertainment industry. It’s a topic the show’s creators are deeply familiar with. In this episode, “Marketplace” host Kai Ryssdal discusses that tension — as it appears in the show and in real life — with “Hacks” showrunners Paul W. Downs and Jen Statsky. Plus: Job-finding sites struggle as hiring slows, and response rates to government surveys fall.

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A Chicago taskforce is exploring what reparations could mean for the city’s Black residents, and it’s taking an open-minded approach, considering more than just money. Meanwhile, Evanston continues to disburse funds to Black residents and descendents affected by the city’s history of discriminatory housing practices, such as redlining. So, what’s happened with reparations so far, and what comes next for Evanston, Chicago and other local communities? Resets gets the latest on the push for reparations in the Chicago area. Today’s panel: Tonia Hill, multimedia producer, The TRiiBE; Pilar Audain, associate director, Truth, Racial Healing, and Transformation Greater Chicago; and Vanessa Johnson-McCoy, operations and community engagement manager, Reparations Stakeholders Authority of Evanston. For a full archive of Reset interviews, head over to wbez.org/reset.

Since President Trump’s firing of the Bureau of Labor Statistics commissioner over a weak jobs report, we’ve been thinking a lot about the trustworthiness of U.S. economic data. Other countries like China can offer a glimpse of what happens when that trust erodes. On the show today, Marketplace’s China correspondent Jennifer Pak explains how she works around unreliable data when reporting on the Chinese economy. Plus, could the United States be headed in the same direction?

Here’s everything we talked about today:

• "12 million students in China will graduate this year into a shaky job market" from Marketplace
• "China says its unemployment rate is “stable,” but job seekers remain gloomy" from Marketplace 
• "Is GDP still a useful gauge of China’s economy?" from Marketplace
• "How Bad Is China’s Economy? The Data Needed to Answer Is Vanishing" from The Wall Street Journal  
• "How to deal with untrustworthy government economic data? Look to China" from Marketplace

• "Trump taps Heritage economist to lead BLS" from Politico

  
  

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

Recently, President Donald Trump fired the head of the Bureau of Labor Statistics after revisions depicted a weaker job market than initially thought. This week, Trump called on the CEO of Goldman Sachs to get rid of his chief economist, after the economist predicted that tariffs would force consumers to pay extra. What should consumers and investors make of this? We'll discuss. And later, we'll hear how French factories are benefiting from increased defense spending.

Social Security turns 90 tomorrow. Some 74 million Americans receive the benefits, and a new survey shows that 65% of retirees rely on them. Roughly 40% of Americans have no retirement savings at all, and this precarity comes at a time when Social Security faces the possibility of benefit cuts. Plus, Trump's tariffs are generating billions in revenue monthly, and Brazil's president announced $5 billion to help smaller companies deal with tariffs.

From the BBC World Service: United Kingdom-based engineering giant Rolls-Royce first made its name in luxury cars, but after selling its motor business nearly 30 years ago, it’s now known for its aircraft engines and defense manufacturing. Speaking exclusively to the BBC, its CEO is betting on artificial intelligence and nuclear technology as a path to becoming the UK's highest-valued company. Plus, why have European countries been stepping up their defense spending?

Rosa’s Blues Lounge has launched an independent record label to highlight the work of unrecorded artists. Plus, the label aims to ensure artists retain rights to their intellectual property. Chicago blues artist, Billy Branch, was the first performer on Rosa's stage — now 41 years later, he and his band were the first to sign with Rosa’s Record Label which launched Aug. 1. Reset speaks with Billy Branch and co-founders of the label, Tony Mangiullo and Marni Willenson about the story of the venue, the creation of the label and how this could contribute to Chicago’s blues scene. For a full archive of Reset interviews, head over to wbez.org/reset.

Implementing AI in government agencies — where the public goes for things like food stamps and unemployment or disability benefits — could come with tradeoffs, according to a recent report by the Roosevelt Institute. Marketplace’s Meghan McCarty Carino sat down with Samantha Shorey, who authored that report on AI and public administration.