Category: 4-FrequentNewsStreams

By 2050, around a quarter of people in the U.K. will be 65 or older — about ten years before the U.S. reaches that milestone. For our ongoing “Age of Work” series, host Kai Ryssdal and ADP chief economist Nela Richardson take a trip to across the pond to understand how businesses and the government are preparing for an aging population. Plus, hear how one Brit is navigating the job market in his 60s, and check in on a London honey shop owner we last spoke with during Brexit.

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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.

With a shortage of more than 150,000 homes in Chicago, the city is seeking new solutions to provide quick and affordable homes to residents. Modular homes and accessory dwelling units, or ADUs, are seen as the most effective solution to this crisis, providing Chicagoans with cheaper access to housing. Reset learns more about the fight to legalize the construction of new ADUs and the overall fight for affordable housing in Chicago, with Bob Palmer, policy director at Housing Action Illinois; Alex Nitkin, government finance and accountability reporter at Illinois Answers Project; and Tim Swanson, founder of Inherent L3C. For a full archive of Reset interviews, head over to wbez.org/reset.

The One Big Beautiful Bill Act is projected to cut Medicaid spending by more than $1 trillion. The law changes eligibility rules, and some predictions estimate at least 10.5 million people will be eliminated from the program.

“For some adults, Medicaid will step in and help pay for care at home, or if care at home is not available, for care in nursing homes,” said Rachel Werner, executive director of the Leonard Davis Institute of Health Economics at the University of Pennsylvania. “With the cuts to Medicaid funding, we are expecting that the availability of care in both of those settings will diminish, and it will be harder for people to get the care they need to live independently.”

States will have to respond to the changes by either making up the funding gap or reducing services.

On the show today, Werner explains how the funding cuts could limit the caregiving options for older Americans who need at-home care and place a larger responsibility on their families. Plus, we discuss how to start planning for long-term care amid all the legislative changes.

Then, we’ll celebrate a listener’s win about her chocolate lab puppy. And, another listener’s quest to find life on Mars.

Here’s everything we talked about today:

• “How Medicaid Cuts Could Force Millions Into Nursing Homes” from The Leonard Davis Institute of Health Economics at the University of Pennsylvania
• “Advocates warn that Medicaid cuts in the big budget law put home-based health care at risk” from Marketplace
• “New AARP Report: Majority of Adults 50-plus Want to Age in Place, But Policies and Communities Must Catch Up” from AARP
• “A Closer Look at the Medicaid Work Requirement Provisions in the “Big Beautiful Bill” from KFF
• “Medicaid cuts: The how and why” from the newsletter Your Local Epidemiologist
• “As the need for nursing homes grows, nurses are in short supply” from Marketplace

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

New tariff threats are piling up. The president has threatened higher tariffs on goods from the EU and on anyone who trades with Russia. The EU is preparing retaliatory tariffs in response. Stuck in the middle of this tariff whirlwind are small businesses. Today, we check in with the owner of a Virginia tea shop to discover how her store is faring. But first, this morning's consumer price index shows accelerating price increases. Plus, from Marketplace’s “The Age of Work” series, we hear a story about aging and one family business in London.

The Texas economy is among the most vulnerable in the country when it comes to the threat of escalating tariffs. While much of the focus has been on trade with Mexico due to tightly integrated supply chains, the future of European trade with Texas is also uncertain. We'll hear what's at stake. Plus, Nvidia can sell chips in China again, and, from Marketplace's "How We Survive," we'll learn what the big tax cut and spending law means for the climate crisis.

State Farm will raise home insurance premiums for new and current Illinois customers starting mid-July, saying it’s getting too expensive. In 2024, the company said it paid out more in claims than it collected in premiums. Illinois residents will see an average increase of 27%. Reset hears how this could affect residents, with Nedra Sims-Fears, executive director of the Greater Chatham Initiative, and Kaila Lariviere, manager of Chicago’s Office of Emergency Management and Communications. For a full archive of Reset interviews, head over to wbez.org/reset.

From the BBC World Service: President Donald Trump says he backs NATO now that countries in the military alliance boosted funding. The president's comments are part of a wide-ranging exclusive interview with the BBC and follow a threat of tariffs for Russia if there's no ceasefire with Ukraine in 50 days. We'll hear a bit of the conversation. Then, China's economy has outpaced expectations despite pressure from tariffs, and Tesla is set to launch operations in India.

Marketplace’s Meghan McCarty Carino speaks with Adam Aleksic, author of the new book “Algospeak: How Social Media Is Transforming the Future of Language." He’s a trained linguist and also an influencer who goes by the handle "Etymology Nerd" online. True to his name, he told us what he means when he uses the term “algospeak.”

Listener Cecilia wrote in to ask: “Why does organic food cost more than non organic food?” And she's right! Certified organic foods do usually cost more than other options. Bridget and Ryan dive into the question with the help of Stephanie Hughes, Marketplace's reporter on the organic farming beat. Ryan's inspired to try his own hand at organic farming ... but will his crops be able to survive an attack of horn worms, a stampede of chickens and a dustbowl to turn a profit at the farmer’s market?

After you listen to this episode, be sure to check out our website. We’ve got conversation starters and tips!

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

President Trump and NATO Secretary General Mark Rutte announced they would infuse Ukraine with American weapons bought by European allies. Trump also threatened massive sanctions on Russia if there is no ceasefire by early September. It was a remarkable turnaround for a president who only months ago blamed Ukraine for the war and ridiculed its president. Nick Schifrin reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders