35 Burst results for "Kimberly Adams"
"kimberly adams" Discussed on KCRW
"Washington. I'm Kimberly Adams in for Kyra Wisdom. It's Monday. The 31st of May good to have you with us. We will get to those heavier topics in just a bit. But let's start off with a look at the labor market last week, first time unemployment claims dropped to their lowest level since the pandemic began. 406,000 people filed claims that sounds great compared to any point in the last 15 months, But it's still far higher than the numbers before coronavirus struck. And yet a lot of employers say they're having a hard time hiring, especially in the hospitality industry. Marketplaces, Kristin Schwab reports. Hiring had become such a time suck for West Hansen that he hired someone to take over hiring and it's kind of working. He owns a barbecue joint in Phoenix called Pork on a fork, and he's seeing an increase in applications. Right out of the 2 50. I think we've been of you 10, he says people schedule interviews and don't show up even when it's just a zoom call, and it's all starting to make him feel a little crazy. Are these even real people or the search for workers is getting so difficult that Jeffrey Bank who owns Carmine's and Italian restaurant chain with locations in Atlantic City, Washington, D, C and other tourist spots. Is doing something he hasn't done in years pounding the pavement. I talkto, you know, doorman and buildings in Manhattan. I talked to people at the gas station. He expects to need 600 new employees By the end of summer. He's offering 100 to $500 signing bonus is, in fact, every business owner I talk to says they're offering bonuses. David Farahi, CEO of Monarch Casino and Resort in Reno, Nevada, has also raised wages on entry level housekeeper who once made $15 an hour now makes 17 But we have not found any kind of silver bullet. He's still 300 employees short. What we've had to do is find technological solutions to reduce the need for people. That means when customers place a sports better cash out, they'll interact with a kiosk instead of a cashier. Under for tyranny of tearing, recruiting services says right now, in addition to how much money and how are the benefits? There's a third question that's coming up more and more. You know, when I'm interviewing somebody there asked me what his work like balance look like. They're tired of not having life like the six day weeks 12 hour shifts, unpredictable schedules and the culture There is a lot of But are there Rod running these restaurant companies and they just come in and screaming out. People and people just are sick of it. She thinks that means the hospitality industry is in for a change. I'm Kristin Schwab for Marketplace. Wall Street was closed today for the Memorial Day holiday. But we'll have details on the destruction of Black Wall Street when we do the numbers. In partisan response to the murder of George Floyd and the protests of last summer, the Federal Reserve launched a serious of conversations public webinars about racism in the economy. There have been sessions about racism's impact on the education.
New rules offer patient access to electronic health records
"A new federal rule takes effect today giving patients more access to their medical records for free many health records are already available electronically but it can be a hassle to get them. The new rule also changes. What kinds of information. Patients can request marketplace's. Kimberly adams has more. The rule makes it illegal for healthcare providers to engage in what's called information blocking with fines of up to a million dollars if they make it too hard for patients to get their records. Liz saw me as a senior strategist for the group open notes which advocates for transparency in medical records. She says if it weren't for the pandemic this concept of full transparency to everything on the record the notes the labs halogen boards would be the biggest story in healthcare. As of today patients should start being to access all of that information and share it with healthcare providers schools and workplaces even third party smartphone apps. Dr rachel stirrup is the health lead at the future of privacy forum and says once you get your records you the patient have control over where your health information goes then. It pretty much becomes a wild west because not all those apps or schools or even companies face the same privacy rules as traditional medical providers. Also right now. Many of those providers aren't ready to roll out all the changes. Dr jesse aaron failed is with the american medical association. There's a lot of confusion the legal requirements or complex and interfaces with Third parties data use agreements. Not the kind of stuff. They normally cover in med school
Trump's new PAC raises over $30 million
"At the conservative. Political action conference in orlando over the weekend. Former president trump was clear. He will not start a new political party to make an end run around the grand old party. He drops strong hints. Though that he might like to run for president again there was interest. Also in rhonda. Santa's the governor of florida and the governor of south dakota kristi noem and trump is still very good at raising money. Marketplace's kimberly adams has that former. President trump never stopped raising money. I he pulled in cash from donors to fight his election loss and since then trump launched a leadership pac that raised over thirty million dollars in just a matter of months. Carl evers hellstrom monitors money in politics for open secrets dot org and he says politicians and groups who align themselves with trump are benefiting as well. The republican party is increasingly. Reliant on trump. actually raise money. so we've seen some. Corporate interests are not as interested in donating to them after the capital riot. Trump's supporters on the other hand still seem game to donate to the president and his allies. There were even rumors after the election. He might start a third political party and what he's done is actually a lot more interesting. Jennifer here. wig political sociologist at suny stony brook. He said okay. I have this kind of asset which is my a fundraising prowess and my donor or less than the ability to connect with people who maybe ordinarily wouldn't donate and so i'm going to use that and turn it into a formal organisation that the gop has to pay attention to and the republican party. Is we know that. President trump is still someone who was wildly popular and someone who was and is an effective fundraiser. Paris denard is a spokesperson for the republican national committee. We are optimistic. That he will continue to be the type of former president that engages in wants to help the rmc. A fundraise denied says trump has agreed to attend an r. n. c. donors event this spring in florida where republican leaders will be encouraging donors and the former president to support their efforts heading into the midterm elections in washington. I'm kimberly adams for marketplace
Democrats’ relief bill would expand earned income tax credit
"Democrats big relief bill continues to make its slow but steady way through the house. It's going to pass friday. Maybe saturday there is a bunch of stuff in it. A proposed boost. The minimum wage. Told you about that yesterday. Also some tax policy changes geared to low income workers. Marketplace's kimberly adams has that one. This version of the relief. Bill would boost the earned income tax credit which reduces the tax bill or increases the refund for many low income workers mostly for those who live with kids. This bill would expand that to include more childless workers. Elaine mog as a principal research associate at the urban institute and a types of industries that people are in that would benefit the most from this policy. Change are those industries that have been most hard hit during the recent recession food service and nations. The credit typically has bipartisan support. Mog says some of those affected by the change could see their benefit. Triple from a max of about five hundred dollars to fifteen hundred sam. Washington is with the center on budget and policy priorities. The earned income tax credit expansion would benefit we estimate seventeen million people overall And doubt include the five point eight million child that's workers the changes would also include more older workers by removing the age of sixty five. The bill only seeks to change the rules for this year. Meaning the credit would show up on next year's returns. Eric york is an economist at the tax foundation. But oftentimes if something gets its foot in the door of the tax code. It doesn't go away. It gets extended it gets debated and eventually becomes more of a permanent policy. This round of covid relief legislation also includes an expansion of the child tax credit which some economists say could lift millions of children out of
Getting back to the pre-pandemic economy
"Know what this economies like right now right shaky in many parts uneven who is recovering and who's not uncertain for both people and businesses so the forecast we got yesterday from the congressional budget office. It's guesses for this year. Promising even without more federal relief we're on track for the economy to be roughly back where it was in the before times by the middle of this year. Thank you vaccines. The labor market is gonna take longer. But let's examine that baseline concept for a second here the idea of getting back to the pre pandemic economy because as marketplace's kimberly adams reports even if the numbers do get back to where they used to be the economy's probably gonna look real different even though gross domestic product can kinda be shorthand for how an economy is doing. Gdp growth does not translate into equal growth off earnings and employment ariane hege issues with the institute for women's policy research. She says the before times or kind of a perfect example of this unemployment was low but often significantly higher for some groups like black and latino ex-workers also and not of women worked in jobs. Where you even with full time year round working. You could not pick yourself. You still needed to snap benefits particularly if you have kids then came. The pandemic worthy economic fallout was far worse for women and people of color particularly in the service sector. Emily knicks teaches labor economics. At the usc marshall school of business and says all this will shape. What the recovery looks like. If you come from a wealthier background you bounce back a lot faster than if you come from a poor background and so another concern we might have is that this pandemic is going to increase income inequality this same logic applies for small businesses. I think we need to define what is normal cherise. Conan johnson is a managing partner at the advisory firm neck. St how are we going to make sure that the communities and small businesses that have been systemically left-back pre pandemic are getting systemic changes. I think that we need to make sure that they're successful. She says for those communities returning to pre pandemic economic conditions might not be enough for an actual economic
10,000 stores expected to close this year due to COVID-19
"Major retailers, the report says, are expected to close 10,000 stores this year that is up 14% from the year just ended. But at the same time more than 3300 new stores open last year, and course I predicts another 4000 will open this year. Marketplaces Kimberly Adams has that one. The types of stores that shut down in the pandemic include lots of footwear, clothing and accessory shops. According to course, I research the types of retail that opened discount outlets like Dollar stores. Industries that cater to certain pandemic needs also did all right. I believe the housewares category as all overall in the country has seen tremendous growth from New York to the West Coast. Natasha aim it runs the kitchen supply store Whisk in New York. Her business did better than she expected in 2020. Now as restrictions start to lift. I'm hopeful that people will will keep up their love for cooking and want to spend their money at a store like cars, businesses, small and large, are trying to game out which pandemic changes will be permanent. Constance Hunter, chief economist at KPMG says, at least for those who are on the upside of the case shaped recovery, and I do think this pent up savings is going to lead to higher consumption that we would normally expect. Once we get to the other side of the pandemic, and for businesses that can hold on. Until then, there could be a business boom. Nicole Markey owns Hip City Veg, a chain of fast casual restaurants around Philadelphia and Washington, D. C. By the
Biden to propose bill to offer legal status to millions of immigrants
"Beach and President elect Biden is just over an hour away from inauguration on the long list of Day One activities is sending a new Immigration overhaul bill to Congress marketplaces Kimberly Adams has more Button wants Congress to create a new pathway to citizenship for undocumented immigrants and general reworking of the immigration system. So for DACA recipients so called dreamers, certain farm workers and people with what's called temporary protected status, they would be eligible for green cards right away under the proposed legislation. For other people in the country illegally. The bill would allow them to apply for temporary legal status, then be eligible for green cards after five years if they meet requirements, like paying taxes and passing background checks, according to a fact sheet provided by the transition team. The new legislation would also increase funding for efforts to control cross border trafficking networks, as well as revamp policies for visas for highly skilled workers and their families. In Washington. I'm Kimberly
"kimberly adams" Discussed on 90.3 KAZU
"On coming up on fresh air Tonight. Scott Frank, co creator of the popular Netflix series, the Queen's Gambit. Frank also created the series Godless and wrote the screenplays for Minority Report Out of Sight, and Logan. That's all on fresh air tonight at seven. California has surpassed a grim milestone this past weekend, reaching two million confirmed covered 19 cases. That's the first state to do so. More than 24,000 people have died from the coronavirus. This is marketplace. I'm Kimberly Adams like Scott mentioned earlier. There are lots of small changes we can do to help reduce global warming. But if we could revolutionize one single thing that would have a huge impact that one thing would be Energy, including transitioning to renewable energy, decentralizing power off the grid, modernizing buildings for more efficient power use and figuring out the financial tools behind a needed and massive shift in how we get and use energy over at marketplace Tech Molly Wood has been covering the business and technology of adapting to climate change. And she has a story about a startup trying to address all of this at once. On a rainy day This fall in Brooklyn crew was.
"kimberly adams" Discussed on 90.3 KAZU
"C. I'm Kimberly Adams in for Kyra Stall. It's Thursday, the 24th of December. Glad to have you with us over in Europe. Today, they finally finally reached a deal on Brexit on this side of the Atlantic. No such luck after President Trump refused to sign the coronavirus relief bill. Congress spent months negotiating. He's now in Florida, leaving Washington and America in limbo over what happens next. Many of the program's keeping millions of families of float are set to expire in just a few days. That stripped down relief bill we thought was going to pass left out eight for state and local governments. States are now fighting each other over, which should be able to collect income taxes for the hundreds of thousands of remote workers who used to commute across state lines from the workplace. Culture desk marketplaces Meghan McCarty Carino has that one. Before the pandemic. Dave Mirra, now ski commuted every day between his New Jersey home into work at an architecture firm in Manhattan. I ride my folding bike to the ferry, and then I take the ferry across. He also has to file Texas in both places. New York is one of seven states which tax workers based on where they're physical offices located New Jersey normally refunds the more than $1 billion paid by residents like Mira Now ski who have to pay taxes to New York, But this year is different. Think it was March 15th when my office closed, so New Jersey and about a dozen states are bringing the legal question to the Supreme Court. Try to stop states from taxing workers who never step foot in the office. This becomes a serious problem if remote work becomes a long term phenomenon, as it probably will. Jared Wall Sack with the Tax foundation says while states have had agreements to avoid double taxing workers that could change if your home state decides that You truly are both living and working in their state than they might still tax you, especially as state struggle to make up a drop in other tax revenues due to the pandemic, says Louise Shaner with the Brookings Institution. Clearly, there's some pain of things like cracking tolls and gas taxes and drops and tourism and sales taxes. All that's pushed state revenues down an average of 5%. So every last tax dollar counts. I'm making McCarty Carino for marketplace. It was a quiet day on Wall Street, but we'll have those details of it later when we do the numbers..
"kimberly adams" Discussed on KCRW
"Specific questions in Washington. I'm Kimberly Adams for Marketplace. A lot of material that goes into all the decorations. You see this time a year. The Christmas reason the garlands the part of evergreens. It comes from the North Woods of Minnesota and a thriving cottage industry there of harvesters and distributors. But as the market for a holiday greenery has grown, so, too has the opportunity for spruce thieves looking to make a quick buck. Here's Dan Crocker from Minnesota Public radio. Up in here, People look. Chains of Botnick is trumping through a snowy bog in northeastern Minnesota. He's a conservation officer for the Minnesota Department of Natural Resource is this bog is a crime scene. It's covered with young black spruce trees, many with their tops chopped off. They're cutting in a way that Z really hard to do. Ah, Detect every few feet, he points out another decapitated tree. It turns out the tops of these small spruce are all the rage for home holiday decorating and thieves know it. They want to get, you know a nice decorative tip. People they're doing. This are really good. You know, they don't have to take a team measure. They know the two or three footers and then lopping them off with their their brush cutters or their saws. Three tips are used as tabletop decorations or in pots of greenery displayed on suburban front porches. But this year, many suppliers from Canada haven't been able to sell across the border because of the pandemic, so spruce thieves have stepped in to fill the gap. So, Yeah, This.
Get the money out now
"We didn't get any relief. Bill from the congress and i i want i want to tell me why i wish i knew. I mean honestly. There's been this ongoing stalemate for months and months and months and the need the scale of the need for a bill is just demonstrable at this point right if you look at the numbers for various measures of economic hardship things like hunger or housing insecurity on employment They're huge so it's not as if congress doesn't know that there's a huge amount of need urgent need for them to act particularly given the fact that something like two dozen additional programs that have been holding families together are about to expire around christmas. But there seems to be this logjam over what should actually go into the bill and you know what what tools would be acceptable to help these families and businesses for that matter sue journalists. Take that a little bit farther right. We've got a piece coming up from kimberly adams here in a minute on liability protections which mitch mcconnell wants the state the democrats want state and city Funding to help them through the squeeze Is it possible. Catherine says they can't not know. And i'm going to throw you the same question D- do they really not know. I don't know the answer to that is impossible. It's impossible to now. I mean. I think i think what's really interesting in what is going to continue to be. The core issue is that lawmakers on both sides recognize that there is a massive new. Do something you know. There's there's fairly broad consensus that. They need to come to an agreement that they need to do before christmas. That we can't just you know sort of any year in not not come up with a solution in. I think that's why it's so surprising. And so interesting that it's taken so long to get there and it does seem like it's really boiling under these two issues at this point that's the whole distance between them But you know these two issues could be enough to scupper it. do you think katherine that. It's possible that they go home for christmas. And nothing is done and they say know what biden's coming in in january and let the new congress in the new administration figure it out. Unfortunately i think it is. I think it's a terrible failure of leadership. If that happens. I mean it's been an unforgivable failure of leadership that they haven't come to some sort of deal by now But the idea that in the days after christmas you'll have tons of people who get evicted. Who lose their Their unemployment benefits who suddenly have to start paying their student loan bills again have to pay their their mortgage payments again. Things that were in forbearance I think that would be a terrible terrible outcome. But i would not. I would not put it beyond congress for that to happen. Unfortunately because again it's been months at this point and they don't seem to have Endured any sort of political retribution. For not acting and so. What's to keep them from doing that soon. I hope that they act. But i'm very concerned that they won't do. You know a quick turn to the federal reserve here as we talked about perhaps in this segment last time you were on but definitely on the program at some point in the last couple of weeks. treasury six year mnuchin As we all know has decided that the for some of the federal reserve beginning programs under the care act ought to end it. It's worth pointing out that. While they were undersubscribed they did add some stability here. And i think it's also worth pointing out that they were undersubscribed. bydesign right. They were they were created on terms. That were meant to be extra. And some of them were created to work in exactly the kind of environment that we're about to go into a situation in which things are getting worse credit availability. Use may be getting a little bit worse as a result and you know companies and municipalities need. Need that backup auction in our sort of taking away right right as it may be needed. So i'm gonna. I'm gonna go sooner than i anticipated to. The old standby On a friday on this program. What is jay. Powell thinking genus. Malik you get to go first. The fed meets next week. The chairman will a conference and there will be all kinds of questions but in in five words or less. What do we think is going through his mind right now. Going to get worse before it gets better. He told me that's like nine. But okay all right. i'll buy that catherine. What do you think. Get the money out. Now about it Well look it's the mantra. I think of a lot of economists at this point. Other economic policymakers powell among other federal reserve officials have said as much not in those exact not in that five word phrasing but that they want more fiscal relief. That the ball is really in congress's court at this point to get something done that. The fed will continue to use whatever tools it has available. Whatever their usual You know boilerplate his on that but really they need help from congress
It's a lot harder to get out the vote during a pandemic
"They say meet the voters where they are especially if they're your friends on the Internet from American public media, this is marketplace tech I'm molly would. It's a lot harder to get out the vote. During a pandemic political strategist and organizers are trying to buy new ways to reach voters and potential voters, research shows that usually in person interactions are the most effective technique, but now organizers are turning to an old idea. A turnout captain, a local volunteer who whips up voting interest, but combined with targeted data and sometimes APPs, and they're finding that that combination can really work marketplace's Kimberly Adams covers money and politics and did some reporting on this for us. Things like knocking on the doors of strangers to be in their face about a candidate does not work in a pandemic, and there seems to be a shift among sort of the political strategists and the get out the vote folks to really look at something that's called relational organizing, and I spoke with her thick Balasubramaniam. He's at Howard. University works a lot with data and with campaigns on this idea of relational organizing and. And here's how he explains it. Essentially you make a list of your family members, friends and neighbors, and because of research we know that the Messenger really really matters way more effective than TV digital or radio is when you hear a pitch straight from someone that you'd know and trust, and that makes these things a lot more effective according to the research. We've seen so far right. Do apps like this exist now? Sort of this APP called turnout nation. The founder Mark Mullen was telling me that with this APP. Basically, it doesn't necessarily push people to you, but you just say hey I want to get more people out to vote. Here are ten of my friends and family that I am committing to help them get registered and help them turn out to vote, and whereas a traditional campaign method of saying, knocking on the doors of strangers can boost turn out by like two percent. Their method boosted turn out by about thirteen percent. And why is that because it's more personal? Not just because it's more personal, but with turn out nation for example and a lot of the ways that this sort of get out the vote tech is being deployed for relational organizing much of it is not associated with a particular campaign. Most up vote efforts are run by candidate campaign specifically they tend to sort of be focused on a huge amount of stranger to stranger contact, and the last maybe month or three weeks before the election, but there are a lot of people. People who want to increase turnout and do other things to support American democracy year round and A. They don't necessarily want to do it in the service of this or that candidate and they only want to do it just before before Elections Right so folks like Mullen who work on this say that not only are volunteers more likely to get involved when you strip out the politics, but they also say that people respond better as well when you're just saying. Hey, you should vote. To Hey, you should vote for this particular candidate so obviously like this is a unique moment because of the pandemic, but it sounds like if it's that effective, and if you know, events may become less popular or good old fashioned door. Knocking becomes less popular at. The groundwork for a different type of digital campaigning in the future I think there's going to have to be a different type of digital campaigning. Now you can imagine some hesitancy by campaigns to us. Sort of this turnout captain model that that Molin is highlighting because they don't necessarily want everyone to turn out to vote. They want the people who were going to vote for their candidate to turn out to vote and the individual campaigns are scrambling because our entire campaign infrastructure is built on sort of these face to face interaction. A lot of that is just out the window.
"kimberly adams" Discussed on KQED Radio
"In Washington I'm Kimberly Adams and for kai result it's Wednesday the tenth of June good to have you along no surprises out of chair Powell and the federal open market committee today they're just a lot of people that are unemployed and it seems quite likely that there will be a significant group at the end of even even after a lot of strong job growth that'll still be struggling to find jobs and will still be providing strong accommodation for that they wrapped up their regular two day meeting and the take away really was this it's not the rest for the next few months but it's the risk over time of of lasting damage to the to these you know to the productive capacity of the United States lasting damage is kind of a regular refrain from the fed chair as is this it's possible that we will need to do more and it's possible to converse on the to do more still kind of up in the air what Congress decides to do though the conversation on Capitol Hill has moved away from whether it has to do another rescue package to win now a quick macroeconomic indicator here before we go on inflation is something called the consumer price index which came out today that's one of the measures of inflation remember a couple of weeks ago we talked about deflation verses disinflation deflation is falling prices over time this inflation is a slow down in how quickly prices are going up and that is what we've got disinflation third month in a row and we learned this morning that inflation at the consumer level has slowed in may on a year over year basis inflation is running at just a tenth of one percent on Wall Street today the little deflation a little inflation depending on your favorite equity index we'll have the details when we do the numbers a super majority of the Minneapolis city council has as you probably heard said it's going to dismantle that city's police department the most high profile responds to the D. from the police movement in California the city of Sunnyvale and the San Francisco Bay Area has had a department of public safety instead of a police department since nineteen fifty I spoke to chief fan no of the Sunnyvale department of public safety on the phone thank you very much thanks for having me so you are a as I said in the introduction the chief of public safety in the city of Sunnyvale what's the difference between a police chief well the difference is that I do with you at the Seminole department public safety we provide three services to our residents it's fire police and EMS services so I'll give you a perfect example when I first came here from the sandy police department which is a traditional police department I think was just maybe my first month here I went to a call of a house fire and you know obviously my fire personnel were out there but in addition to that they were patrol officers driving marked patrol vehicles that had change into our fire turn ours and they were hoping to put out the fire also so after the fire was put out when my patrol officers came back to me and say Hey chief I'm done here I'm going to put back my police uniform and go back to answering police calls for service and so that's a great example of how we do business here in Sunnyvale the the crux of the matter right now chief and a lot of cities is accountability for specifically police officers and police actions do you believe that your parent favorably influences that does it make a difference in how you'll drop your account you know I you know I'm a little biased because I am a firm believer in this program but I know I I I certainly believe that it has something to do with it because of the fire discipline and the EMS discipline because firefighters often seen by committee members as caretakers people will help you out so I I do think it's a certain extent it does have a positive impact in what we do here in our city how closely are you watching and I imagine the answer is very closely the the D. fun police movement and and the movement in Washington for some kind of national police reform yeah want to start out by saying you know what happened George for a shouldn't never have happened I think all of us are condemning what happened it was just a terrible tragedy for our country and we have heard a lot from our committee members and certainly Centerville even though we enjoyed great support from community when I mean but in terms of you talking about the finding meaning divesting resources to other services like mental health I am open you know to listen to what people have to say I'm open to the idea of sharing resources you know changing some of the things that we're currently doing law enforcement but when you talk about completely defining on abolishing law enforcement I don't believe that is a practical idea although I would be more than happy to sit down and hear what people have to say and what that would look like if the police departments across the country are completely abolished I'm less questions you've got to get out of your hair this model that you have with some degree of success in Centerville do you think it's scales I mean Sunnyvale is is not a huge city could work in Los Angeles or or New York okay I'm I'm I'm a big fan of this model and I I wish that this model could be implemented everywhere however I understand that our unique circumstances capacity you know resources that you have to consider if you want to have this model and I will leave it to the cities to determine whether this is something that they would want to have in their respective city and if anyone asked me questions on how it can happen to be I would be more than happy to assist but I'm a firm advocate for this public safety model Fano is the chief of the department of public safety in Sunnyvale California after that sim Cisco bear chief thanks very much for your time Sir I appreciate thank you chri.
What it means to defund police
"Conversation that we're having in this country right now about systemic economic racism. Turns today on three words, De Fund, the police. In Minneapolis where George Floyd was killed by police. A Super Majority of the city council there says it wants to dismantle its police force, and in part because that defined the police has become kind of a catch phrase for a really complicated problem, so marketplace's Kimberly. Adams spent her day today, talking to people about what it might mean, concepts like defunding or dismantling or even abolishing the police are a bit more nuance to then may come across a protest. Chant Christy Lopez is co director of the innovative policing program at Georgetown Law and used to work at the Department of Justice Investigating police departments. She says when people talk about defunding police. It doesn't mean that you route budgets for public safety. It may mean that you decrease. Get rid of the police department per se, but you might still have something like an office of public safety. So, what would it do? Ron Surpass spent thirty years in law. Enforcement Police chief in New Orleans in Nashville, chief of the Washington State Patrol, and in all that time about ninety percent of all the police department calls that I've looked at in my life. have nothing to do with a major uniform crime. Crime has nothing to do right murder robbery burglary assault theft auto, nothing surpass now teaches at Loyola University in New Orleans. He says cop spend most of their time. Responding to auto accidents, noise complaints, lots of calls about people dealing with substance abuse. And when someone is having a mental health crisis, we often are sending out the police. Sue Abdur Holden runs the Minnesota branch of the National Alliance on mental illness she. She says the state has mobile mental health crisis teams that can respond. Unfortunately, they're not fully funded so that they can respond twenty four seven to every call that comes in which means the police legally have to says Jim Birch President of the National Police Foundation. The bottom line is who else would you call on a Saturday afternoon or in the middle of the night on a Friday night to come and respond. Respond to help address a dispute or disagreement. There literally is no one else to
Oil futures point higher Sunday night after OPEC+ extends output cuts to July
"OPEC now the oil cartel held a meeting over the weekend the virtual meeting obviously we're decided to extend record cuts in oil production through July the idea of course being to keep oil prices up marketplace's Kimberly Adams reports the decision comes on the back of months of major volatility in the oil markets global demand for oil fell off a cliff as country after country locked down during the pandemic that's meant lower gas prices for consumers but a tough time for oil producers now that countries are starting to open up oil price trends are reflecting the change Robert Johnston is with the Eurasia group key parts of the world it's got it all traces back almost forty dollars a barrel and we had negative pricing for elite US will also come back a long ways so the question is ready go from here maybe not that far says Louise Dickson at restart energy she says oil's recovery will be slow and stunted by the sheer economic impact of countries and economies in GDP overall lower household spending left in this travel fewer people buying new vehicles and any recovery will also depend on what happens next with the
Powell warns of lasting damage without more aid
"A brief sampling. If I might of some of the choices phrases from Fed chair j Powell's well what was it a Webinar an online Q. and A. I guess after a quick set of remarks today sponsored by the Peterson Institute. Anyway here are some of the relevant things. The Chairman of the Federal Reserve had to say about this economy this morning. He said there's a possibility that there could be lasting damage. That things are both highly uncertain and they pose significant downside risks and that fiscal policy makers congress. That is although they've done a lot need to do. More additional fiscal support could be costly but worth it if it helps avoid long-term damage and leaves us with a stronger recovery. This trade off is one for our elected. Representatives who wield powers of taxation spending now to be fair fed chairs for years. Have been saying the same thing. Ben by Kimberly. Can I interject here for a minute? Kimberly Adams you are more than welcome to interject. Welcome to the program by the way thank you thank you so I mean you know I cover Washington and to be fair. Congress has done a lot of things in response to the Cova nineteen pandemic. We've had multiple rounds of stimulus and as we saw from house. Democrats just yesterday. They're working on another round. Well Yeah but two. Things Number One The the House Democrats bill probably going nowhere. Because Mitch McConnell the leader in the Senate has as much said so number two this economy as you know is defending strating in real time and yet here we have Congress con uh going back and forth although that is a great deployment of that. Sat word all pieces of legislation are originally when they come out of such a bitterly divided Congress going to be a wishlist to some extent but we should put this in a bit of context because the first couple of rounds of stimulus really were. Oh my good Lord. What are we going to do? Throw everything at this. Let's just try to again. Stop the economy from off a cliff but we also don't know how well what we've done already is working and house speaker. Nancy Pelosi basically said that this morning on MSNBC look. We're still waiting on data to see how this works and Mitch. Mcconnell has also said look we need to wait and see how the opening goes. How what we've already put out. There works before we can spend any more money on this now at the same time. The longer we wait the more the economy suffers. But there is sort of a wait-and-see moment we seem to be in right now. Okay Fair enough. Do you think before we get back to our regularly. Scheduled programing here DEA. Think there's going to be another bill I mean. Is there any doubt about that? Oh yeah there has to be more and I think what we heard from. Fed Chair Powell. Today is even more evidence of that and everybody knows there has to be more which means there is quite the lobbying scramble happening here in Washington because everybody wants a piece of it Kimberly Adams our Washington correspondent more from her in the program. A plan story as opposed to this Unexpected player Kimberly. Thanks a lot now. Problem One more item from bell this morning. The Fed is going to release a survey tomorrow. He said showing almost forty percent of those in households making less than forty thousand dollars a year had lost a job in March anti pointed out as he always does the Fed share that it was only in the last couple of years of the expansion. That is now over that people on the lower part of that income curve started to feel any of the gains. So there's that from the Fed chair
Political advertising during COVID-19 is the calm before the storm
"The Kobe. Nineteen pandemic has decimated digital advertising. But that may actually be good. I political campaigns online is way cheaper right now and that makes it easier for candidates to get in front of voters many of whom are a captive audience. While working from home that could give a boost to independent candidates but it could also mean that online ads are way more accessible to bad actors looking to spread misinformation for right. Now though according to marketplace's Kimberly Adams our political reporter in Washington. No one's really running any ads at all. It is usual at this time in a campaign for political ads to kind of drop off but almost no one has been running any ads. Everyone's worried that because all anyone wants to consume online is either things that make you happy or things related to Co vid. There's not really much return on investment. Even if you do take advantage of these cheaper ad prices to run a political ad. Who does that end up benefiting if anybody in the short term? I mean it sounds like that could be a big boost to incumbents absolutely because fundraising is so hard in this environment. Anybody who's trying to sort of get into a race or maybe relatively unknown or is God. Help them trying to get in media attention environment. This makes it really really challenging so their campaigns and even advocacy groups that maybe wanted to do a ballot initiative are having to balance out whether or not they want to take advantage of these cheap digital ad prices or if they want to just wait and hope that things open back up again and then maybe try to run ads later. That said I was speaking with Tim. Lamb of limb consulting services. He's a works with a lot of Democratic candidates in groups here in DC and he was saying well if there ends up being a second wave of infections as many are predicting in the fall. That's sort of at the peak of when you would have those ads. So what do we do then But even though candidates might not be buying a lot of digital advertising right now for the moment is in digital kind of the only game in town right and in many ways. The lockdown is freeing up more resources for these campaigns to spend on digital and so instead they're investing that money in digital outreach whether that be online phone banking or doing polls because people are stuck at home and they're going to answer the phone or developing new digital ads and working on their targeting strategies. So that money is going to be spent. It just won't be spent in the ways that it usually is right and so we may find that what we end up with is a supernatural campaign right if you got tired of seeing political ads during the primary if this really gets going and there is an opening for political advertising. It's GonNa be a lot and then there is also this question of digital advertising and its effect on misinformation and so. I wonder if it's cheaper. A lot of people are online consuming information. Does that make us more susceptible to messaging meant to polarize us? Does it make disinformation that much more accessible to parties? Who would want to do harm in any case if you make it cheaper for bad actors to get their message in front of people of course it increases the risk that that misinformation is going to spread further and faster and I think that's why you're seeing sort of an increase crackdown by these social media sites and People who are really active in this area about consumer awareness of this issue and so as we get further along into the campaign you can absolutely imagine that people are going to exploit the strain that all of these systems are under to get messages out there that are either untrue or at least stretching the truth quite a bit. That's marketplace's Kimberly Adams in Washington. Dc Forbes has a piece this week noting that this had already been kind of strange year for political advertising since the winter saw huge amounts of spending especially by Michael Bloomberg so between the pandemic and expected spring drop spending overall not just online peaked at twenty one point five million dollars a week just before Super Tuesday and then dropped to around five million dollars a week by the end of April. You can find a link to that story at our website. Marketplace Tech Dot
As the coronavirus epidemic grows, China prepares to cut tariffs
"We will begin with an update and the trade war with China which has perhaps begun the official cooling off period China's government announced that it will reduce tariffs on more than seventeen hundred US products these cuts will kick in a week from tomorrow and that's the same day American tariffs on some Chinese products are said to be reduced as well now there was a time when this would be just an incremental step in the phase one deal we might even noted in passing and get on to other things but context is key here as market place's Kimberly Adams reports this move comes as China is grappling with the continuing fallout from the corona virus the human cost of the outbreak is growing hundreds dead and tens of thousand sick when down John teaches economics at Iowa State University he says at the risk of that China's economy might not grow as fast this year has markets questioning whether the virus will specifically impact China's ability to implement the US China face one deal he said that's part of the reason China is reducing tariffs this dab brings some the certainty and shows China's willingness to continue on Kerry outs the promises in the face one deal the White House has expressed concern China might need to delay some parts of the deal like promised purchases of US agricultural products Joshua Meltzer is a senior fellow at the Brookings Institution he says those purchases had people scratching their heads even before the virus outbreak effective later the deal requires Chanda double purchases and it's not clear how this is going to be done not just because there may not be enough market demand in China but also because U. S. farmers need to ramp up production Matt slaughter is dean of the tuck school of business at Dartmouth that depends on not just the investments they make in their seed and fertilizer all those things but the vagaries of the weather slaughter says whether China can stay on track with the phase one deal objectives will depend on just how bad the human and economic costs of the coronavirus turn out to be in Washington I'm Kimberly Adams for
China Will Cut Tariffs In Half On $75 Billion Of U.S. Products
"We will begin with an update in the trade war war with China which has perhaps begun the official cooling off period China's government announced that it will reduce tariffs on more than seventeen hundred US products these cuts cuts will kick in a week from tomorrow. And that's the same day. American tariffs on some Chinese products are set to be reduced as well now. There was a time when this would be just just an incremental step in the phase one deal we might even noted in passing and get onto other things but context is key. Here as marketplace's Kimberly Adams reports this move comes. As China is grappling with the continuing fallout from the corona virus. The human cost of the outbreak is growing hundreds dead and tens of thousands sick when Don John Teaches economics at Iowa State University. He says the risk that China's economy might not grow as fast. This year has has markets questioning whether the virus will specifically impact China's ability to implement the US China face. One deal he said. That's part of the reason. China is reducing tariffs the stat. Bring some to certainty and shows China's willingness to continue to carry out the promises in in the face when deal the White House has expressed concern. China need to delay some parts of the deal like promised purchases of US agricultural products Joshua Meltzer services senior fellow at the Brookings Institution. He says those purchases had people scratching their heads even before the virus outbreak effectively. The deal required under under double purchases. And it's not clear how this is going to be done not just because there may not be enough market demand in China but also because us US farmers need to ramp up production. Matt slaughter is Dean of the Tuck School of business at Dartmouth that depends on just the investments they make in their seed and fertilizer closings. But the vagaries of the weather slaughter says whether China can stay on track with the phase one deal objectives will depend on just how bad the human and economic economic costs of the corona virus. TURN OUT TO BE IN WASHINGTON. I'm Kimberly Adams for marketplace.
What weighs down GDP?
"Not for the first time I am on this program. We take our lead from our early rising colleagues on the marketplace morning report. The News News there. The News context here and this morning early with the markets bouncing back. After the agenda of yesterday it went like this well the problem is the market's been doing an awful lot better than the fundamentals. That's David David Kelly a morning report regular also the chief global strategist at J.P. Morgan funds talking to David Brancaccio. This morning say more. Though would you Mitch Kelly about those fundamentals. It's going to get a GDP number tomorrow over two percent. And why is that. Just two percent you know between the federal government of the Federal Reserve. Got All the stimulus being poured into the economy. And it's not actually helping economy grow that's tossed so we got tears in Clare on the phone. She's a professor of economics at George Washington University to break things down a little before us one of the big things that we were watching was the role of the tax cuts and jobs act. Also the Fed of course keeping interest rates low. So that means that we're looking at savers. Trying to find a place to put their money to earn some income and that pushes more more money towards the stock market which gets us to it does look like a stock market and the real economy are potentially out of line. Aw but there is more to the fundamentals than just GDP at the same time if we look at other figures such as what's been going on in the labor market there is that fifty year low unemployment. Of course things are still remarkably good particularly when we think about how long this expansion has lasted. Don't zone on eleven years now which helps explain why people are getting jittery. When unforeseen stuff happens that corona virus really being the the driver of of that tumble and that people are worried that that might affect the Chinese economy that was yesterday? The Corona virus in the markets today traders apparently decided the corona virus. Isn't that big a deal but look fundamentally this whole thing is all about confidence right. How much consumers? which as we've been telling you for years now are the single biggest driver of this economy? How much they think things are going to be okay so to that end a little compare and contrast now we learned today from the Commerce Department that orders for durable goods big expensive things postal last couple of years? We learned those orders were up in December so far so good but there is a certain line-item in that report that we pay attention to capital capital goods equipment that businesses by to produce more stuff orders for those dropped which is not a good look for business investment consumer confidence though how we all feel about the economy. We learned that today improved more than expected so the essay question goes like this. Why do you businesses seem to be skeptical about the economy while consumers think things are maybe not so bad? Marketplace's Kimberly Adams got the assignment. Consumers are feeling better about the economy because after a long recovery since the recession Josh Gibbons at the Economic Policy Institute says most people they have really beaten beaten down expectations in. So if you look over the past year unemployment's pretty low. Wages are doing not great but okay. Maybe they're like this is as good as it's been for a while but business investment has been slowing for months now and economists like to pay close attention to those numbers because weak business investment. Eventually the ripples through the rest of the economy in so if you're trying to predict whether or not say a recession is coming. Durable goods will sometimes sort of go down more quickly than other parts and be a better forecasting instrument because business investments in durable goods are a reflection of companies own forecasts. Alison Schrager is a senior. A fellow at the Manhattan institute she says businesses are looking at the economy. Five ten twenty years from now as opposed to consumers are really experiencing Very strong economy and their outlook is appreciably shorter also when businesses invest are also often now more more thinking about global markets not just domestic markets markets and with the trade war far from over and risks from climate change. The outlook for the global economy is a bit uncertain just now in in Washington. I'm Kimberly Adams for Marketplace
"kimberly adams" Discussed on WNYC 93.9 FM
"From Washington DC I'm Kimberly Adams in for chi results it's Tuesday December thirty first thanks for joining us this morning president trump tweeted he'll be signing a trade deal with China on January fifteenth just about two weeks from tomorrow that's just one of several trade headlines floating around at the moment but headlines nowadays don't always mean action market place's Justin ho is following trade news for us today and Justin what do we know about what's actually happening on the fifteenth what we know that the president has the worst large and comprehensive to describe the deal and we do know that the US and China agreed on a tentative deal earlier this month it's part of that deal we are told that the US side will lower import taxes on a hundred and twelve billion dollars for the Chinese goods and China apparently agreed to buy a further forty billion in American ag exports per year US trade representative Robert light Heiser is also said that China's made some commitments on issues like the force transfer of technology for American companies entering China but we just don't have any details and this is also just phase one of a potential larger deal that we're talking about right and it does not resolve all the trade issues between the US and China doesn't touch the terrorists already in place on hundreds of billions of dollars worth of goods and it doesn't touch the subsidies China grants its own companies a lot of experts say that the subsidies are seen as giving China an unfair advantage in areas like tech in artificial intelligence president trump says he'll go to Beijing at some point later on to start talks in the phase two and because there can never be just one trade story at a time let's not forget there's a US Japan trade deal coming into effect tomorrow so Justin can you talk about that right so there keep in mind this is about agriculture really Japan's is gonna lower terrace on US beef also wine exports same with American pork and cheese and the US is cutting tariffs on a few Japanese products like industrial tools and machines appliance worth noting that this deal does not involve cars which is a big part of US Japan trade so to the other side of the world let's move to US trade with Europe what's happening there the E. you as a new trade commissioner who said to come to Washington sometime in January the big issue there is a steel and aluminum tariffs the US imposed in Europe and twenty eighteen but let's not forget about terrace on alcohol US put a twenty five percent tax and European wine and spirits this year and is considering a one hundred percent tax on French goods like champagne so you know enjoy that toast night all right it's been quite a year in trade lots of turmoil ups and downs has it been worth it for the economy well this is you know a wide range of takes on that one but the fed came out with a study this month on the impact of terrorists on the manufacturing sector and I said yeah you know those have protected domestic industries but those same industries all big job losses and rising input costs and retaliatory tariffs the fences as negative effects far outweigh any protection we get from tariffs and also we reported yesterday that the trade deficit did drop last month but a lot of that truck came from imports falling which could indicate that consumers are spending less and if that weakness continues in the twenty twenty six to say we're gonna be hearing a whole lot more about trade going forward market place's Justin how thanks you're welcome on Wall Street today markets finished up a strong year with some big gains we'll have the details when we do the numbers because we can't seem to talk about politics anymore with out talking about Twitter democratic presidential candidate Michael Bloomberg has set the internet ablaze with a tweet not about healthcare policy or impeachment but office design the billionaire late coming to the campaign said yesterday if he is elected he would turn the east room of the White House into an open office where he could sit right smack dab in the middle of his staff cue the howls from workers fed up with the trend of Wallace work spaces from the workplace culture desk met market places making McCarty Carino has more if the first decade of the millennium ushered in the idea of open offices the last decade is when they went mainstream with companies of all stripes tearing down cubicles and walls putting workers in open spaces with those long communal tables for desks but a big dinner party of creativity or am I here depending on your perspective people laughing very loudly playing music on the phone constant distraction Catherine Zimmerman a programmer in Springfield Virginia echoes the complaints of a majority of workers who say they hate open offices according to a survey from boss RPR last year a growing body of research demonstrates their negative effects from a decrease in productivity and surprisingly communication to an increase in flu cases so will the next decade bring an end to open office madness I don't think anyone extreme is the right solution I think the combination is really important Karen deal and is the author of the Harvard Business Review guide to office politics she says frankly the cost saving benefits of open offices mean they're probably here to stay they could be evolving commercial interior designer Mindy Gera sees more workplaces adding private spaces like small conference room secluded corners and phone booths it's designing space that fits the various iterations of work yes you've got all these really beautiful open spaces but you also have this ability to pull off and be alone if that's not an option Karen Dillon says there are minor changes workplaces can make to better foster concentration hi can white noise into it so it mutes the Serra putting sound barriers where possible not big full walls but to see the things that will absorb the sound kinda like the old style cubicle hi Meghan McCarthy Carino for market place.
"kimberly adams" Discussed on KQED Radio
"This is market place I'm Kimberly Adams after years in the work force for many there comes a time to retire or at least to dial things back which brings us to our series my economy where this week we're hearing from folks in the fastest growing segment of the labor force those older than fifty five today we had to Chattanooga Tennessee where it for one person cutting back on work wasn't an easy decision my name is Trish Carney part time registered nurse are mostly retired I live in Chattanooga Tennessee I think most of us go into nursing you know hoping to get paid for something that we enjoy doing I was a stay at home mom for years and years and took care kids our thought process you know we need the income I like taking care of people I might as well you know the nurses it's just realized if you like your health and somebody when I was in nursing school and in the late nineties it was the second or third semester my husband that he actually committed suicide and there was not really much of an option except to finish school because I had kids to support the first semester back in school after being out twenty something years I got pregnant with my seventh child so it took me awhile to finish two year program which ended up you know be in about four five years by the time a trickle through everything but yeah that's what idea and so you just kind of work around your family's needs you know if I needed money I could always pick up extra hours you know could pick up a second job and that has not been an option draws our security you're not allowed to earn more than a certain amount and I'm afraid I may have gone over this year I'm not I'm not sure I think there's some kind of first year thing but I'm looking at my time and I don't I don't know what I'm gonna do is free time I've never really had any as much as I hate to admit it you know things don't work as well when you get older it's hard to keep up the pace the it takes a lot longer to do everything the walking the halls and floors and drive and is just you know I just don't feel up to it anymore I don't think I have any health problems really just I'm a car with a four hundred thousand miles on it it's time to retire that was Trish Carney in Chattanooga Tennessee let us know what's going on in your economy at market place dot org for this next story we're heading to Lewiston Maine it's a former mill town once a destination for French Canadian immigrants who came looking for jobs but today in Lewiston looks different the mills are pretty much gone though there is an LL bean factory nearby and the population is different to nearly twenty years ago to Molly and Congolese refugees started moving in now of the roughly thirty six thousand residents of the town about six thousand our former refugees Cynthia Anderson writes about how they transformed Lewiston it's a subject of her new book home now Cynthia welcome to the program thank you so much for having me the Lewiston we spend most of the time in your book is different than the Lewiston you knew growing up can you talk about the changes in the town even before this new wave of immigrants and refugees arrived yes so when I was growing up five Lewiston was just a really vibrant vital place back then Liz been street in Lewiston was the city's fine the sidewalks were filled with families and couples and you know we didn't know it then this was the seventies but already Liz been street and by extension Lewiston was it was in decline the the city's glory years as a textile and shoe manufacturer were were fading and that only continued when the first Somali refugees actually came came north from Portland in the early two thousands Lewiston was the divide allies city at that point one in particular did refugees from Somalia and the Democratic Republic of Congo seem to gather in Lewiston I'm well that is a good question because listing of course is very cold and again I think it was in many ways you know coincidental in that there were a few folks in in Portland and then they move north they sent out word that Lewiston was a good place to live there it felt safe to them there was a lot of open housing there were relatively plentiful jobs at least at the minimum wage level and folks just started gathering there and the more who came with the more who wanted to come so word went out the Lewiston was a good place to live you describe in your book how some of the people in Lewiston we're quite welcoming of all the refugees and new immigrants but some were not can you describe those reactions and what you think was behind them yeah so I think early on there was a lot of wariness about who the newcomers were I think there was a lot of concern unusually about resources you know Lewiston is not a rich city was not then a rich city so I think I'll a lot of long time residents were concerned about whether there would be enough of kind of of everything to go around you know then you also had probably on an overlay of anti Islamist sentiment there have been incidents I I don't want to deny that but there is what what's really happened in Lewiston has been hard work by new comers and live let live long time Lewis Tony ins and and you know a a kind of gradual quiet acceptance there has been this tension about how the economy of Lewiston is doing more broadly who's benefited and who hasn't do Lewiston residents immigrant or not worry about things like housing and heating costs and and low wages or are people today feeling pretty good I'm not I mean that's a pretty broad question I'm not and I'm not an economist but but I can say that there is unquestionably a feeling of vitality in in the city that was not there two decades ago or even a decade ago there's no good no doubt that new immigrants are finding their way kids are going off to college and ever rising numbers the real question for Louis din is whether there will be a sufficient number of living wage jobs for young people to come back and be able to support their families and it's it's not just a question really of four four Lewiston but for many small cities and towns in in rural Maine and NO and around the nation Cynthia Anderson is the author of home now how six thousand refugees transformed an American town thanks so much thank you we have an excerpt of the book for you on our website about what the arrival and growth of the Somali population felt like from the perspective of the local flower shop find that at market place dot org this final note on the way out a changing definition of what's considered heavy in the shipping industry according to the Wall Street journal UPS and FedEx are slapping new fees on packages that way more than fifty pounds right now only parcels more than seventy pounds get hit with the twenty four dollars surcharge one analyst estimated the change will affect about fourteen and a half percent of packages meaning retailers might split up orders of laundry detergent big bags of dog food or other heavy items into multiple shipments to avoid the feet more boxes can still mean higher shipping costs for businesses and consumers but it may make holing those multiple jumbo boxes of Kitty litter a little easier for delivery workers marketplace is supported by a larger crank Bourbon the small batch Bourbons Alliser creek Kentucky straight Bourbon whiskey Bardstown Kentucky forty seven percent alcohol by volume thank wisely drink wisely and by circle see I'd now that every company is a software company getting code to market quickly and securely matters learn why developers rely on circle see eye to manage their continuous integration and delivery pipelines at circle C. I. dot com we've gotta go today the Dow lost a hundred and eighty three point six tenths percent the nasdaq fell sixty points also six tenths percent and the S. and P. five hundred shed eighteen points more than half a percent our daily production team includes Bridget Wagner Andy Corbin florea Holland worst John McEnery daisy Glaucias invented purser allies in mills is our special projects producer and I'm Kimberly Adams we'll see you tomorrow everybody this is a PM All Things Considered is ready to start will also have cake he reading is with recovery and Dylan right now traffic there is still a shut down of highway eighty in Vallejo here's Julie is because of police activity really not a lot of details but ease about eighty is close all lanes at magazine street that's where they'll take you off the freeway traffic get is stop back to coming sky way there was a crash Fairfield there for quite a while westbound eighty at lagoon valley road just cleared it doubtful back up though to leisure town center of valley of the four car pileup north one of one before nor Sampedro road two left lanes blocked as.
Walt Disney Q4 2019 Earnings Preview
"Later today quarterly results are due from the multi media power house known as Disney in a busy year with Disney buying into new media and the theme parks and not nothing market place's Kimberly Adams reports even though Disney makes lots of money off its movies and TV shows and Broadway shows and I shows and licensing John garner at leisure business advisors says the parks are a steady payday theme parks are only a small part of Disney and traditionally the most dependable part going back decades now with properties like Star Wars under the Disney umbrella the company is pouring money into matching activities in the parks like the Star Wars galaxies edge Martyn Lewis in teaches theme park management at Farmingdale state college in New York now they've raised their prices pretty aggressively you know to pay for all of this investment and that's part of the reason attendance was down three percent last quarter but revenues were still up because people who really want to go to Disney will pay whatever it costs to go to Disney and they'll pay would it costs to buy the cool new merchandise especially if it happens to look like a millennium
What we talk about when we talk about jobs
"We introduced you earlier. This week to a group called the Institute for Supply Management Management IFM for short literally people who do all things supply chain for a living we were talking about their manufacturing index how busy American manufacturing and factories these are not all that busy and getting less so it turns out was the macro economically troubling upshot today. It's their service sector survey. We want to talk about the non-manufacturing manufacturing side of this economy still growing but at a much slower pace than anybody had thought so to get us going on this Thursday marketplace's Marielle Sagarra has the service service sector primer accountants lawyers Baristas Uber Drivers math tutors. What are they all have in common their part of the services sector and radio reporters quarters? I'm a creator. I'm out here toiling away cranking out radio pieces but apparently I'm in the services sector to produce a good or a structure. You're right you produce service so that's the difference that's Gad Lebanon Chief Economist for North America at the Conference Board also a service sector the job if you make car parts you're in manufacturing. If you're a farmer you're in agriculture but as a rule of thumb if you don't produce a physical thing you're part of the services sector of the economy about eighty percent of American workers fall into this category it wasn't always this way one hundred years ago the majority of Workers Hello Greek culture or manufacturing and now those with Sharon significantly and that's how it usually goes Danny Bachman the US second omic forecaster at Deloitte says as a country's economy develops it tends to shift towards services one reason that manufacturing become more more productive. There's better technology and that makes a lot of manufacturing jobs obsolete. We just need fewer people to produce the same amount of manufactured goods up by the way the exact same thing happened with agriculture. Meanwhile as people who live in this developing economy get wealthier they start to demand more services like banking king in healthcare. Now the services sector is not an island when there's a downturn in manufacturing say workers an auto factory get laid off. They may be less likely to spend money on services like restaurants and travel. I'm Maryelle Sagarra for marketplace so continuing with the theme here that is in its manufacturing services services indexes Kimberly Adams story for us yesterday about what seemed like as of yesterday the possibility that we're just in for a long slow period of economic economic met that a recession might just never come. It'll just be slow but perhaps we were too hasty because maybe what's happening. Is that the slow hello is speeding up. Marketplace's Sabrina sure explains the Institute for Supply Management in their survey. They ask companies questions including just basic stuff a flight. How's business best at the moment. Eric Harrison is CEO of the Jay Renee Group an importer and wholesaler of shoes which puts him in one of the sectors actors covered by ISM's non-manufacturing index. He is worried his business is going to get hammered by the next round of tariffs so he's not investing in new technology not hiring new people as much as he normally would just trying to play closer to the best which on Portuguese were a lot of our customers are doing as well so it has kind of ripple effect. That's the story behind the numbers I assume survey of non-manufacturers was the weakest in two years a common theme and the comments businesses are worried about trade and that's been true for manufacturers for a while the big takeaway here is that it is not just them anymore. Sam Coffin is a senior economist at UBS looks as if from today's Today's data that the manufacturing weaknesses spreading into the rest of the economy take for example accommodation and food services hotels big importers of furniture furniture. That's tariff. This is Anthony Nevis. He helps run. ISM's non-manufacturing survey and there's food products that they're starting to see increases on stuff coming in from MM. China higher priced imports could seep into more of the economy. Ian Shepherdson is chief economist at Pantheon macroeconomics will probably have good to go up which retailers but it also hurts everybody else who's selling things you can see him is because people are less cash to spend on discretionary services like entertainment and leisure activity so so it seems to be scaring everyone for now. It's possible that the US economy might just be slowing down to a creep but these numbers are assigned that maybe it is worse than that in New York. I'm sure for
"kimberly adams" Discussed on WNYC 93.9 FM
"Dot com I'm David Brancaccio in New York there is a report on the US economy coming out in a few minutes that may say more about well being in America than any change in gross domestic product or even the unemployment rate it's the agriculture department's annual assessment of food security in the U. S. who has regular access to meals are people eating smaller meals are skipping because of money market place's Kimberly Adams has more from Washington food insecurity spike to during the Great Recession but has slowly declined as the economy recovers Craig Gundersen an economics professor at the university of Illinois says food in security is an important economic indicator I think it's a better measure say the unemployment rate is a better measure than the poverty rate does it really displays those who are really really struggling the USDA report covering twenty eighteen comes as the trump administration is pushing for several changes to federal food assistance that would limit the number of people eligible for programs like snap and some free school lunch programs Jim while is with the food research and action center the for your doctor weir expect those rules to have a really negative effect on security rates and drive a lot of people into food and secured the trump administration says the proposed rules would limit abuse of federal food aid the proposal is open for public comment until September twenty third in Washington I'm Kimberly Adams for market place. the following news that Walmart is ending sales of certain types of ammunition this after two recent shootings of Walmart's in Mississippi and help Paso Walmart will stop selling ammunition for hand guns and for what are called short barrel rifles the type used in many recent mass shootings market places Justin ho is falling. yeah for Walmart this is the latest in a series of moves it's made to restrict gun sales actually stop selling assault rifles and twenty fifteen and it raised the minimum age to buy guns after the park land shooting last year now when it comes to ammunition at Walmart says it currently sells twenty percent of the country's and now we talk to UCLA law professor Adam Winkler about this he studies the gun industry and he made the point that in rural areas that market share might be higher because consumers rely on Walmart for most of their shopping for many in America that includes things like ammunition. Walmart says its ammunition market share will drop to around six percent after this decision and that is going to focus more on hunting meaning shotguns and hunting rifles we're also starting to see a lot of businesses make decisions not unlike this one right Dicks sporting goods is also raise the minimum age to buy guns and Winkler says all of this has made advocates shift their attention away from Congress gun safety reform advocates have been focusing their efforts on states and private businesses some companies that don't actually sell guns have responded in their own ways Starbucks that several years ago that a quote respectfully request that customers not bring guns into its stores this week Walmart and Kroger's basically said the same thing. market place's Justin hello thank you in Britain moves in the parliament to prevent the U. K. from leaving Europe without a deal with the European Union have bolstered the currency this morning which got down there a thirty year low yesterday the pound is up a dollar twenty two now stocks Dow.
"kimberly adams" Discussed on KCRW
"In Washington I'm Kimberly Adams in for David Brancaccio the U. S. China trade war has ratcheted up again today the Chinese commerce ministry said it lodged a new case against the US with the World Trade Organization that's in response to new fifteen percent tariffs on many Chinese made consumer goods that took effect on Sunday the import taxes cover about a hundred and twenty five billion dollars worth of products like shoes headphones TV's and smart watches China also started implementing retaliatory tariffs on seventy five billion dollars worth of American products including a five percent tax on crude oil for more on this I'm joined by BBC economics correspondent Andrew Walker hello Andrew I can believe so how soon before this latest trade escalations start showing up in the daily lives of Americans I'm with the re talking in a few weeks because it it takes some time before goods to arrive at the port subject to the new additional tariffs end up in the shops American consumers might have some difficulty distinguishing the extent to which particular goods are more expensive than they would otherwise have been because of the tariffs bot the fact is that there there will be a difference and and there's no question I think that the burden although distributed throughout the length of the supply chain is going to hit American consumers increasingly. president trump says the tears are damaging the Chinese economy do we have a sense from manufacturing data how all of this is affecting China and its neighbors this certainly is some sort of of impact on the latest information we've caught on manufacturing in China actually suggests that activity rebounded a little bit in August but that same survey also suggested the outlook reported by Chinese manufacturers for the next twelve months is pretty downbeat if you look at economic growth in China it's continue to slow six point two percent is the most recent figure that maybe there's some impact on the terrace in there but it is important to member that remember that China has been experiencing a slowdown that began at the turn of the decade so I think we need to be a little bit cautious about putting too much of the causation of that six point two percent on to the trade will but there's no question it copy helping ABC economics correspondent Andrew Walker thank you my pleasure Kimberly. and let's do the numbers..
Kimberly Adams, Mickey Levy And Chief Economist discussed on Marketplace
"Yesterday was ugly the bond market was this week signed the apocalypse is upon us and then this morning hello American consumers retail sales numbers came out today up sharply last month compared to June ahead of expectations in point of fact so with the apocalyptic bond market on one hand the consumers on a spending spree on the other and the stock market in the middle doing who knows what marketplace Kimberly Adams explains the mixed messages this economy is sending with all the headlines about a possible looming recession it's worth noting the economy at least for now is still doing okay Mickey levy is the chief economist at Berenberg capital markets there's a clear disconnect between the economy that's growing you know pretty close to its potential path and bond yields there signaling something quite negative traders see troubles ahead the ongoing US China trade war Briggs it a global manufacturing slowdown regular consumers whose spending is the main driver of the American economy they're not too worried about it Brad McMillan is with the Commonwealth financial network when you look at consumer confidence it's actually quite high and they're not only saying things are good to actually voting with their wallets by spending which is ironically exactly how people tend to behave heading into an economic downturn American consumers not apartment stomach sailors on leave Brian Gilden burgers with cantar consulting you know it's like well I mean I have a job when your daughter to get the big screen TV now while I still have no school of income it's a very American read response to potential future slowdown rather than doing something crazy like saving for a rainy day or you know a recession in Washington I'm Kimberly Adams for
"kimberly adams" Discussed on 90.3 KAZU
"Issues ahead in Washington I'm Kimberly Adams for my maybe it took some time off after school got out maybe you're waiting to get away till the end of the summer just to have something to look forward to but whatever your preference we are deep in the heart of vacation season now kinda the US travel association says more than half of Americans who get him don't use all of their paid vacation days from the workplace culture desk marketplace making McCarty Carino explains why it is so hard on plug you really couldn't pick a more relaxing setting than the vacation spot of Jennifer **** in a public relations manager from Silicon Valley I'm in beautiful Hawaii and I have a beautiful view it's just magical here it's it's paradise she's been taking advantage of our jet lag to rise early and start the day not with that sunrise walk on the beach or coffee on the one night but some alone time with her devices and start to the email and then it goes on to my instant messaging because even in paradise it's hard to let go there's always a part of me that has a bit of the toe in the water on work even when I'm vacationing just making sure and nothing urgent is going on that I need to be responding to while cooking doesn't sound too bothered by it that wasn't the case for sales auditor Evan Sawdey of Chicago several years ago he was working for a demanding start up we're just the effort to tie up loose ends at the office before vacation was brutal I just remember the week plus of work I had to go into it to make sure that everything was taken care of like he was that level of just sheer panic when he finally made it to Hawaii he immediately opened his emails and found some demands from his CEO waiting I just remember sitting there on the plane while everyone else is getting their bags from the overhead and just feeling depressed just knowing that the vacation hadn't even started by that point but I was just like us goodness already with this inability to disconnect from work to nice people the considerable benefits of vacation says Brian Robinson a psychotherapist and author of the book chill turn off your job and turn on your life he says a growing body of research shows taking time off actually increases productivity by making workers more resilient improving cognitive function creativity and problem solving that's why they always take a take a vacation not a guilt trip Robinson is a self confessed former workaholic who says he used to smuggle work documents hidden under the spare tire of his car on family trips now he counsels others who find it hard to take vacations because they're afraid that somebody might be vying for their position or their manager might perceive them as slackers or not a team player said as a software engineer Ron when Camino has tried to find a happy medium he finds it easier to take multiple many trips extending the weekend by a day or two here and there and never traveling more than an hour or two away you know you within distance to be able to attend to your responsibility if you absolutely need to or you know you're still in the same kinds own where if you have to jump on a phone call or or respond as an email as you're at least you know still cognizant of the time everybody's working a recent survey from travel insurer Allianz global assistance down more than half of Americans were taking these so called micro cations in place of longer trips but with technology keeping us hyper connected at all times Robinson says the short trips may not be enough it takes the the body awhile to adjust to the the shock actually of just sitting there looking at something they can't watch the waves in the ocean really can't look at the sun rising over the mountains because I start to feel antsy run when Camino is prepping for his first actual long vacation next week and doing the unthinkable now I am not taking my laptop and taking my I pad with me but I'm taking off my work email and taking off messaging a vacation from devices and.
"kimberly adams" Discussed on WNYC 93.9 FM
"Issues ahead in Washington I'm Kimberly Adams for my maybe it took some time off after school got out maybe you're waiting to get away till the end of the summer just to have something to look forward to but whatever your preference we are deep in the heart of vacation season now kinda the US travel association says more than half of Americans who get him don't use all of their paid vacation days from the workplace culture does marketplace making McCarty Carino explains why it is so hard on plug you really couldn't pick a more relaxing setting than the vacation spot of Jennifer **** in a public relations manager from Silicon Valley I'm in beautiful Hawaii and I have a beautiful view it's just magical here it's it's paradise she's been taking advantage of our jet lag to rise early and start the day not with a sunrise walk on the beach or coffee on the one night but some alone time with her devices it starts with the email and then it goes on to my instant messaging because even in paradise it's hard to let go there's always a part of me that has a bit of the toe in the water on work even when I'm vacationing just making sure and nothing urgent is going on that I need to be responding to while cooking doesn't sound too bothered by it that wasn't the case for sales auditor Evan Sawdey of Chicago several years ago he was working for a demanding start up we're just the effort to tie up loose ends at the office before vacation was brutal I just remember the week plus of work I had to go into it to make sure that everything was taken care of like it was that level of just sheer panic when he finally made it to Hawaii he immediately opened his emails and found some demands from his CEO waiting I just remember sitting there on the plane while everyone else is getting their bags from the overhead and just feeling depressed just knowing that the vacation hadn't even started by that point but I was just like us goodness already with this inability to disconnect from work to nice people the considerable benefits of vacation says Brian Robinson a psychotherapist and author of the book chill turn off your job in turn on your life he says a growing body of research shows taking time off actually increases productivity by making workers more resilient improving cognitive function creativity and problem solving that's why they always take a take a vacation not a guilt trip Robinson is a self confessed former workaholic who says he used to smuggle work documents hidden under the spare tire of his car on family trips now he counsels others who find it hard to take vacations because they're afraid that somebody might be vying for their position or their manager might perceive them as slackers or not a team player said as a software engineer Ron when Camino has tried to find a happy medium he finds it easier to take multiple many trips extending the weekend by a day or two here and there and never traveling more than an hour or two away you know you within distance to be able to tend to your responsibility if you absolutely need to or you know you're still in the same time zone where if you have to jump on a phone call or or respond as an email if you're at least you know still cognizant of the time everybody's working a recent survey from travel insurer Allianz global assistance down more than half of Americans were taking these so called micro cations in place of longer trips but with technology keeping us hyper connected at all times Robinson says the short trips may not be enough it takes the the body awhile to adjust to the shock actually of just sitting there looking at something they can't watch the waves in the ocean really can't look at the sun rising over the mountains because I start to feel antsy run when Camino is prepping for his first actual long vacation next week and doing the unthinkable now I am not taking my laptop and taking my I've had with me but I'm taking off my work email and taking off messaging a vacation from devices the.
"kimberly adams" Discussed on KCRW
"Issues ahead in Washington I'm Kimberly Adams for my maybe it took some time off after school got out maybe you're waiting to get away till the end of the summer just to have something to look forward to but whatever your preference we are deep in the heart of vacation season now kinda the US travel association says more than half of Americans who get him don't use all of their paid vacation days from the workplace culture desk marketplace making McCarty Carino explains why it is so hard on plug you really couldn't pick a more relaxing setting than the vacation spot of Jennifer **** in a public relations manager from Silicon Valley I'm in beautiful Hawaii and I have a beautiful view it's just magical here it's it's paradise she's been taking advantage of her jet lag to rise early and start the day not with that sunrise walk on the beach or coffee on the one night but some alone time with her devices and start to the email and then it goes on to my instant messaging because even in paradise it's hard to let go there's always a part of me that has a bit of the toe in the water on work even when I'm vacationing just making sure and nothing urgent is going on that I need to be responding to while cooking doesn't sound too bothered by it that wasn't the case for sales auditor Evan Sawdey of Chicago several years ago he was working for a demanding start up we're just the effort to tie up loose ends at the office before vacation was brutal I just remember the week plus of work I had to go into it to make sure that everything was taken care of like it was that level of just sheer panic when he finally made it to Hawaii he immediately opened his emails and found some demands from his CEO waiting I just remember sitting there on the plane while everyone else is getting their bags from the overhead and just feeling depressed just knowing that the vacation hadn't even started by that point but I was just like goodness already with this inability to disconnect from work to nice people the considerable benefits of vacation says Brian Robinson a psychotherapist and author of the book chill turn off your job in turn on your life he says a growing body of research shows taking time off actually increases productivity by making workers more resilient improving cognitive function creativity and problem solving that's why they always take a take a vacation not a guilt trip Robinson is a self confessed former workaholic who says he used to smuggle work documents hidden under the spare tire of his car on family trips now he counsels others who find it hard to take vacations because they're afraid that somebody might be vying for their position or their manager might perceive them as slackers or not a team player said as a software engineer Ron when Camino has tried to find a happy medium he finds it easier to take multiple many trips extending the weekend by a day or two here and there and never traveling more than an hour or two away you know you within distance to be able to tend to your responsibility if you absolutely need to or you know you're still in the same kinds own where if you have to jump on a phone call or or respond as an email as you're at least you know still cognizant of the time everybody's working a recent survey from travel insurer Allianz global assistance down more than half of Americans were taking these so called micro cations in place of longer trips but with technology keeping us hyper connected at all times Robinson says the short trips may not be enough it takes the the body awhile to adjust to the the shock actually of just sitting there looking at something they can't watch the waves in the ocean or they can't look at the sun rising over the mountains because I start to feel antsy run when Camino is prepping for his first actual long vacation next week and doing the unthinkable now I am not taking my laptop and taking my I pad with me but I'm taking off my work email and taking off messaging of a case from devices and the.
"kimberly adams" Discussed on KQED Radio
"I'm Kimberly Adams for marketplace. It's not at all clear. What's going to happen in Venezuela? The economy is in ruins the politics are unstable at best. There are vague threats of military intervention by the Trump administration. But in the meanwhile, the Venezuelan people are just trying to get by. But a month or two ago, we called Carlos Hernandez, he's an economist there, and we talked to him about using bitcoin to stay solvent in that collapsed economy. We have Skype them to get an update on how things are going to end his thanks for coming on. How are you, sir? Hi. And I given everything that's happening at the moment you make country, I imagined. So which is why we call what's been happening? You know in your day to day life. I mean, it's been a couple of months since we talked. Okay. So the main thing that is for now is that there is collapsed on the basic services that maintenance water electricity, running water, even in cooking gas in. It has been a national lack cut. So in my state in particular, there has been no military uprisings or anything like that. But that doesn't mean that this is far still after the with you may think of everything else. So a collapse of basic services. Understood what about food and nutrition. I mean, can you go down to the store and buy what you need to eat or no. Kim. It goes I hard currency. But in most people can't I mean, the inflation rate is over at three hundred percent monthly and right now that the minimum wage is less than four dollars. So it's not a lot. But you can find things put a very high price, in fact air, we still have fancy restaurants tales, those higher floor as various Pacific people, and that's majority. So as you can't find what zip are on. The problem is surprise. So I asked you this last time, and it sounds like it's gotten worse in the past two months. So I'll ask you again, you're you're an educated person. You've got a skill. You could leave. What do you stay? Yeah. And I still have on the answer. I mean, I guess I'm stealing denial. I mean, he's still taking that things are going to turn around at some moments and Mhondoro seems a as unstable as ever now we're talking about him many races something that was thinking about two months ago. So I feel like if I live I'm going to have to come back after I leave because. Because my daughter has left. That is my fear. You are we should say. And we've talked about this last time Uruguay though supporter, but it's been a it's been ten days since you went out and tried to rally people in the streets. Why do you have confidence the Medeiros going to leave? What I say is that they government doesn't seem so scary anymore. I mean, this is a third ship. Unpick datasheets are suppose to be staring. But then we see it. And the way my husband dealing with this situation, and we don't feel scared anymore. We we've seen video of cars government tanks at over people. Still not at a scanning where are protesting going on. And that's a few that that we need to continue. And. Yeah. Carlos Hernandez, an economist actually in Venezuela, MS Hernandez, thanks for your time. I hope we can call you again in a couple of months. I that. That means I'm still helpful..
"kimberly adams" Discussed on KQED Radio
"Marketplace, I'm Kimberly Adams in for Kyra, stall, China's president Xi Jinping is in Europe. Today, he signed a series of agreements with France. But it's Taina's deal with Italy that we're going to talk about now over the weekend. Italy signed on to be a part of China's belt and road initiative. It's a multi year plan to ease the movement of Chinese goods around the world and likely increased China's global influences, well, Italy is the first G seven country to join and I did so despite pressure not to from other European countries and the US. Marketplace's Tracey Samuelson explains. What's behind the partnership Twenty-nine deals worth roughly three billion dollars? It's not huge money. But for both Italy in China. There are economics and politics at play. An economic reason easily needs investment to boost its economy Jovana Demayo with the Brookings Institution. Growth for two thousand and nineteen was seen to zero point two percent. And it's like one percent less than the European average Italy's hoping for greater investment from China that China will buy more of its exports. It may even be hoping it can call in China for help should it. Find itself in a debt crisis in need of a friend to buy its bonds says Agatha Crotts with the rhodium group, and the politics credit says Italy's contrarian government is looking to assert its independence from Brussels, and therefore a saying very loudly, and that if it wants to cozy up or if he wants to get through to Beijing, then you will get to the debating on the Chinese side the belt and road initiative creates jobs for Chinese workers, and it helps facilitate Chinese trade and the politics Jacob Kirkegaard with the Peterson institute for national economics. There are those who will argue that's part of the reason that they're doing this is to essentially gain political influence, indie you. Therefore, there is a a degree of divide and conquer in this strategy that character. Dart says these deals may not even materialize if the political party that's pushing for them loses power in Italy. And whether they'd really boost China's influence in Europe,.
"kimberly adams" Discussed on WNYC 93.9 FM
"Zara gave itself a little bit of a makeover this week. It's got a new logo the new ones more compact than the old one the letters are closer together. The font is fancier to as consumers today tend to do people have been weighing in on social media. They love it. They hated a whole lot of emotion for a logo. But as marketplace's Kimberly Adams, reports fashioned is not the only thing that goes out of fashion. Zara is well known for keeping pace with the latest in fashion. And there's nothing last season about its new logo. Stephen jumper is with the ghost note agency, a branding firm here in DC. Sarah's new logo is a pretty stark pivot away from design trends that we've been seeing brands embrace over the past several years, he says the new logo leans more towards the look of luxury brands like Gucci and Chanel other companies, especially some of the tech firms that have rebranded recently think slack or Spotify have gone for a simpler, look logos. That were at one point a little quirky or or a little bit more stylized, and they've really now kind of become much more streamlined and simplified Marlene Morris towns teaches advertising Georgetown, she says changing a logo can help accompany create a different impression recognize a merger or a policy change. And then there's also the consideration about how Br. Dan, logos are going to look on people's smartphones and in small technology spaces, ipads, smartphones and things like that. And it certainly doesn't hurt when a new logo generates a lot of buzz of any kind says, Stephen jumper. It goes note. I think in many ways, you know, Zara has already accomplished what they set out to do. They have people talking about the new logo. Good, better indifferent. We're not for those new scrunched up letters. We probably wouldn't be talking about Zara today in Washington. I'm Kimberly Adams for marketplace. Coming up right now, we're working.
"kimberly adams" Discussed on KQED Radio
"To have your long everybody for the very first time on this broadcast. I do believe, ladies and gentlemen, superstar rapper Cardi B. Is now ordering as in some is safe better will government workers to go back to work without getting paid fat. Check on that one. It's true. It's from our Instagram last night. And it comes as parts of the federal government have been shut down for almost a month. Tomorrow Cardi B, hundreds of thousands of federal workers have been furloughed, meaning not working and not getting paid hundreds of thousands of others are working and getting paid as Cardi was saying, and that group is getting bigger because President Trump has started recalling thousands of furloughed workers telling them to show up for work for free. Marketplace's Kimberly Adams gets us going with the changing definition of being an essential, federal employees. There are guidelines for who has to show up for work during a shutdown. They can only call people back if they're in positions that if not performed pose a threat to life and to property, Gregory, oh Dudin is a lawyer for the national treasury employees union. The union is suing the Trump administration over how it's. Interpreting the law that exception really doesn't apply to the types of employees that they're calling back. I R S employees are being brought back to process refunds is missing tax refund. A threat to life or property determining who is essential is a kind of art not a science Linda Bill mrS with Harvard's Kennedy School of government. She says agencies and the administration decide exactly who is essential and how essential a particular individual is changes. If a shutdown is one day or two days compared with the month. You might be able to skip say water inspections for a day, but a month. Plus, there's politics Gordon, gray is with the American action forum, the president more or less said sure say it's my shut down. So it's in their political interest to try to minimize the impact on the public grey says the executive branch is legally required to pay out. Tax refunds. So it makes sense. It would bring the IRS workers back. The fact it will probably keep angry tax payers at Bain a bonus in Washington. I'm Kimberly Adams for marketplace. Now, I don't care because you gotta work for the government will. Yeah. Pilot even have a job, but this is really serious, bro. I mean, she's not wrong. Right. It's eight hundred thousand people it's businesses as we were telling you yesterday looking for regulations that aren't coming. It's government data about the economy that is getting spotty. You're by the day about which this by the way, we got our weekly report on first-time claims for unemployment benefits this morning because the department of labor is funded for what it's worth it wasn't pretty good number. First time claims were down last week. The catch is that report doesn't include federal government workers filing for jobless benefits in Colorado, which has a lot of federal workers twenty percent of claims last week came from furloughed federal workers, and as marketplace's Amy Scott reports that might just. Be the beginning. Paul is not that long. Albert Romero filed for unemployment just after Christmas about five days into the shutdown. He does administrative work for the US department of commerce in boulder, but I need him at Starbucks because his office is. Yeah closed. I just want to get my name in the queue to ensure that I could meet my locations, whatever little income that I could get through unemployment would help definitely pay for the mortgage carpet. It's been nearly a month and still no check the waiting period in Colorado is up to six weeks. Fortunately, Romero's wife just got a job as an accountant after being unemployed for months he figures they can last till March without missing bills. I'm hoping that we're back.
"kimberly adams" Discussed on KCRW
"Kimberly Adams in for David Brancaccio. Oil prices are sharply up this morning after spending most of the morning down. But yesterday, President Trump was tweeting about those oil prices being down and that he's responsible saying that low gas prices are just like another tax cut oil prices have indeed been falling over the past twelve months US. Crude dropped twenty seven percent. The international benchmark Brent crude it was down twenty two percent year over year. But there are other forces at work in the oil markets. Marketplace's Marielle Zegarra has been following this and Marielle what's been going on in the world economy that's been affecting oil prices. So as you said, we are seeing a bump in oil prices this morning, but over the past year, the story has really been about supply and demand analysts expected demand for oil to be really high in two thousand eighteen the global economy was strong. And that drives oil demand because remember companies use oil when they make stuff sometimes in a product like there's oil in plastics other times as fuel they use it to ship those products. So a strong global economy and more manufacturing means more demand for oil. Also, the thinking was that oil supply was about to tighten because the US had put sanctions on Iran, which is one of the world's big oil producers so other oil producing countries like the US Saudi Arabia. Russia made a lot of oil. And then things changed the global economy. Started to slow down so demand for oil dropped and the Trump administration gave waivers to some of Iran's biggest oil customers like China. So supply was even higher than expected and all of this means oil prices dropped a lot at the end of last year. And Marielle are those falling oil prices. A good thing for the US economy. I mean, they're good in some obvious ways. Right consumers, pay less at the pump. Which means they might spend more on other stuff companies save money on fuel too. But there's a flip side the US is now the world's biggest oil producer. And so as Sarah lattice law with the center for strategic and international. Studies told me when oil prices decline good for consumers, but it is really not good for the regions of the country where there's a huge amount of oil and and associated natural gas production places like New Mexico, North Dakota Alaska higher oil prices. Take a toll on companies and communities their marketplace's Marielle Zegarra. Thanks, and let's do the.