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From the news
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U.S. Carbon Dioxide Emissions Are Once Again On The Rise
This message comes from NPR sponsor, the American Academy of PA's with thousands of hours of medical training and versatile skill set p as our expanding access to team based care when it comes to quality healthcare. Your PA can handle it after several years of decline carbon dioxide emissions in the US are on the rise. That's according to a new report out today. NPR's Jeff Brumfield has more on what it could mean for the planet cures. The upside of an economic downturn greenhouse gas emissions also go down factories are using less electricity. There are fewer trucks and planes shipping goods and people, and that's exactly what happened after the financial crisis of two thousand eight carbon dioxide emissions plummeted. They've been bouncing up and down since then. But last year the economy was on a roll output was up and now an estimate by the rhodium group, an independent research firm shows that CO two emissions were way up it appears based on preliminary data the emissions in the US. Grew by the highest rate since two thousand and ten when we were covering from the great recession Trevor Hauser's and author on the new estimate. He says carbon dioxide emissions are up roughly three point four percent over last year. The big drivers were increases intellect. Trinity demand which burns natural gas and coal and big growth in trucking and aviation all those Amazon packages all those holiday vacations that come with a booming economy. Now there were some areas where decisions by government and industry made a difference. A record number of coal fired power plants closed in two thousand eighteen and emissions. From passenger automobiles dropped slightly due to better fuel economy standards. But it was not enough and Houser wants more aggressive policies to drive down. CO two at seems unlikely for now policies to limit greenhouse gas emissions started under the Obama administration are now being halted and even reversed under President Trump. What we've seen as backsliding in federal policy and we're starting to. To feel the effects of that. Now. So is Hausa rooting for another recession to bring emissions down. Again. I I am not I am not over the long term short term emissions decline. As a result of a recession as not something anyone cheering for what's needed. He says is a strong economy and the right incentives to invest in green technologies. Jeff Brumfield NPR news.
Aired Last week 1:01
Morning Brief for Wednesday, January 9th
I'm Anne Marie for totally in the newsroom at the Wall Street Journal, President Trump reiterated his demand for funding for a southern border wall in a national address on Tuesday night amid a partial government shutdown now in its third week in their response. Tuesday night, Democrats charged that the president was using fear over facts and rejected the wall unnecessary. They're expected to continue discussing the issue at the White House on Wednesday Wednesday. Also brings the minutes from the Federal Reserve December meeting at the central banks final meeting of twenty eighteen the fed raised short-term interest rates for a fourth time for the year and signalled a slower pace for rate hikes in two thousand nineteen U S carbon emissions rose three point four percent. Last year led by the transportation sector amid a strong economy. That's according to independent research firm, the rhodium group which says the increase follows three years of declines the firm says it's the biggest jump since twenty ten for more details and to wsJcom or. The w s j app.
WSJ Minute Briefing
Aired 2 weeks ago 27:17
What it means to miss a paycheck
This marketplace podcast is brought to you by sign now e signature solution that powers workflows for organizations such as zoom, Xerox. And the Boston Red Sox create an collaboratively manage e-signature workflows while tracking their progress in real time from any device. Visit sign now dot com slash marketplace. And get a free thirty day trial and by fill in the blanks. A new podcast from Dr Phil these are all new no-holds-barred conversations. Dr Phil loves trying to figure out what makes people tick and really gets his guests to open up. He interviews celebrities like Vivica, a FOX Kathy Bates and Steve Harvey, plus expert neurosurgeons and lie spotters listened to fill in the blanks in your favorite podcast app. And make sure to subscribe. On the program today, the trade war as seen from Shanghai. A reminder that a growing economy is not always a good thing. And how do airlines decide on those ticket prices. Anyway from American public media. This is marketplace. In Los Angeles. I'm KAI result. Is Tuesday the eighth of January good as always to have you along. Everybody out of Beijing today comes this news. The trade talks going on over there have been extended for a third day. A Chinese official described them as constructive. President. Trump took time out from working on the speech. He's going to give tonight to tweet that negotiations quote were going very well all positive signs for that economy this economy and the global economy and the markets took them as such we don't want to get a sense of how the negotiations are playing with the Chinese public. So we got marketplace's Jennifer pack on the phone from Shanghai. He solich what's the what's the vibe over there about these trade talks because while there's lots of news over here. Business and economic news is largely about these talks, and what's going to happen. What's the sense out there, you know, on the streets of Shanghai? I would say not many people are talking about it. And that's down to two things. One. There's a heavy level of censorship about the topic here in China. But Secondly, the tariffs the counter tears that China has imposed on American products. They're not really hitting the pockets of consumers. So when you're talking about American beef with ski or even seafood being hit with ten or twenty five percent. Additional tariffs. Well, those items are not essential in the daily lives of Chinese people. They're being sold at premium supermarkets here at fancy malls. So they can either go without or if they really really want a good American stake. Sometimes they're not going to care about ten or twenty five percent additional tariff on them. So you know, what people here really talking about retirement savings, medical care and also housing prices. Travelogue here. So so Kevin Hassett. The the chairman of the council of economic advisers are the White House said the other day that he really thinks this trade war, such as it is is hurting the Chinese economy, and that's gonna force Xi Jinping. Basically, tune the negotiating table. What's your sense? Well, that's certainly a nice narrative, but that's not really true. You know, China's economy is still growing just not as fast as it used to be, and that's by design Chinese leaders have said that the economy needs to slow down and have more quality growth, and it's been happening for the last few years, so people who are in the manufacturing sector. They've been feeling it. They're talking about stricter environmental controls. They've been forced to move into industrial zones. Their costs have gone up, but for the general population in China or even the streets of Shanghai, which is much wealthier city. People are not really aware of it. They're younger generation a lot of them are. Saying if I see something I want it. It's within my budget. I'm going to buy it. They're not really holding back at all. And we've been talking about apple sales. Right. That's been going down in China. You can't really see it on the streets. And actually the apple store during work hours on a weekday. It was still pretty pack. Jennifer back in Shanghai, Jennifer. Thanks guy. There is a brand new help wanted sign up of the World Bank. Jim Yong Kim who became president of the World Bank back in two thousand twelve ounce yesterday. He is stepping down at the end of the month three years before his term is set to expire. So it was kind of surprised the World Bank is traditionally led by an American the International Monetary Fund goes to the Europeans. Currently it's Christine Lagarde of France. Marketplace's Tracey Samuelson explains how that convention came to be whether it's going to hold this time and just why it matters, but the World Bank and the IMF were created after the second World War the World Bank does well lots of things, but primarily it lends to poor and middle income countries often for. Development projects in healthcare or infrastructure things like that the IMF also lends to countries, but when they're in crisis. It's sometimes called the lender of last resort. Jacob Kirkegaard is with the Peterson's toot for international economics. He says the fact that the US leads one Europeans the other essentially a function of what the world looked like when the IMF and the World Bank were set up in the years after World War Two the world looks obviously very different. This is the moment where change might happen. Make Lund Sagar currently at the Wilson center. Formerly at the IMF says, no matter who has these organizations the US is still going to be very influential. But there's a push for other countries to have a turn at the helm. So in part, it's up to the administration if they want to hang on to this role. They need to nominate a really terrific person that would garner. Support broadly around the world in Africa, Asia and Latin. America as well as in places like Europe, Japan and Canada tomboy key with the council on foreign relations Thurs competition for the Bank trying to relatively recently started a infrastructure Bank. Private capital is playing a larger role. The Bank is in a crowded space now, so it it does have a need to continue to reinvent itself. So that it's relevant and useful in this changed environment. He says for the Bank to be effective. The next leader will have to secure a broad global base of support. I'm Tracey Samuelson for marketplace. As I said, Wall Street and global markets were quite pleased. Thank you very much with the way. The trade news seems to be shaping up. We'll have the details when we do the numbers. The president's going to be on TV tonight as I said radio too, by the way in a more formal setting than he is usually on the air trying to make his case for the border wall. That is the central sticking point in the shutdown that has kept eight hundred thousand federal workers, either furloughed or working without pay for the past eighteen days. This coming Friday is going to be the first missed payday for people like Brian Turney who works for TSA at the Philadelphia international airport, which means he is considered essential. Which means he's still has to go to work and still isn't getting paid when we called. He had just finished his shift start, prioritizing, what you need to use your money with for instance, you know, we have credit card payments. Well, food is more important sunny Blaylock's got sT problem. I haven't been to work, then December twenty second shoe designs, e learning apps for the foreign service institute in we just got braces for our daughter, which I had planned on and put money aside on my flexible spending account, which. Didn't come through because I'm not employed. Her husband is a foreign service officer he has been designated central. So he's working and not getting paid sunny says in their neighborhood, just outside Washington. Everybody is feeling the shutdown for example. There's one lady who was complaining. She's a dog Walker and she doesn't have any dog clock because everyone's now furloughed and at home, so she's lost her business. Dion gets as a federal contractor. She runs the employee cafeteria in the Smithsonian which is closed. So her food service business is closed as well. Which means the on ener to employees are also out of work. She is just trying to live, leaner, untrendy redo leftovers and make a good meal in Saen. It's a lot of things that I'm very conscious of Dr Johnson's the manager of spa logic Salonen spa. Also in Washington. Whether is he says a distinct lack of foot traffic between Christmas and New Year's is normally a little bit slow anyway. But usually right after picks rate up, and it didn't end just it's not just the business here. There's. Nobody out on not nobody but very few people out on the street coming into work in the morning traffic is much lighter. So he did what businesses do when they need to get people in the door. What we're offering is twenty percent off anyone that can show us government. ID twenty percents off any any of the services? We offer a shutdown special. If you will President Trump on the air tonight, nine o'clock eastern tomorrow on the marketplace morning report, the latest on the speech in the wall and the shutdown. Also, the latest on consumer debt in this economy late as we are in this business. We're going to do a couple of stories now about the downside of an up economy. There was a report out today. From the economic research firm rhodium group about carbon dioxide emissions in the United States greenhouse gas, as you know, those emissions were up sharply last year, the second largest CO to increase we've seen in twenty years, which isn't great news on its face. But also it had looked for a while that we could have a growing economy without increasing pollution doesn't look that way anymore. Marketplace's refinish explains for centuries. The more the world's economies grew the more. They polluted the atmosphere. The link was severed four decades starting in two thousand and five gern, it Wagner is research associate and lecturer at Harvard part of this was the recession, but a big part was moving away from coal and towards wind solar and natural gas. That's the largest driver of US reductions over the past ten years or so Nate Aiden is a senior fellow at the world Resources Institute natural gas is cleaner than coal. But it's still pollutes. An Aden says we may have reached the limit of what it can do last year US carbon emissions rose three point four percent. According to the rhodium group booming economy contributed to an increase in emissions. Robert Jackson is a professor at Stanford. We are back for now to the traditional relationship between growth and pollution. But that relationship is not destiny there are twenty countries or more around the world that have seen their economies grow over the last decade and seen their CO two emissions decline. In fact, emissions are down ten percent in the US compared to two thousand seven, but he says further progress isn't possible without policy promoting cleaner technology. Trevor Houser is with the rhodium group and co authored the report showing rising emissions. It's not the rollback and policies that the Trump administration has adopted so much as the absence of new policy action. Houser says this year is the economy cools emissions could be flat or even decline. But. Not nearly fast enough to have a meaningful impact on climate change in New York. I'm Sabrina short for marketplace. Sorry to our be careful what you wish for block is from marketplace's Nancy Marshall genzer. The economy is good as we've been reporting. It is strong, and it is stable. But there is a new report that says consumer debt bigger piles of it that is too less strongly. Regulated financial institutions could be a sign of economic problems ahead. Here's Nancy auto loan debt is up seventy six percent since twenty ten short term payday lending is also up according to Karen, petro of federal financial analytics who also says something I forty five million Americans have less than four hundred dollars in a savings account or checking account. So if those Americans had an unexpected expense and couldn't pay up they'd be in trouble fast. Petrie says this is a powder keg with a short fuse because these loans aren't from banks there from nonbank financial institutions, like payday lenders and more and. More mortgages are from these institutions think Quicken Loans Petrie says they're not regulated like banks half. It'll quitted the stress testing the too big to fail cures all of those things. After the financial crisis are limited only two banks now talked to someone from Quicken Loans, and they'll tell you they still have to have the quickey a cushion for emergencies to get government guarantees for their loans. Bill. Emerson spice chairman of quicken. Capital than we could ever possibly need a situation like that new way to verify how ready these non-banks are for an emergency. Most are privately held and don't have to open their books. Richard Stanton is an economist at Berkeley, they will claim that they maintain a huge capital Buffa, but we really have no idea because we don't get to see financial statements. So we really don't know how well prepared. They are to survive if that powder keg explodes in Washington, I'm Nancy Marshall genzer for marketplace. Coming up to be honest. I have never understood airline pricing structures. Both pal. But I do the numbers. The Dow industrials up two hundred and fifty six points today. One percent twenty three thousand seven eighty seven. The NASDAQ lifted seventy three points about one percent sixty eight six ninety six P five hundred twenty four points about one percent twenty five seventy four news that the ailing retail chain. Sears appearing before bankruptcy judge today. As put off liquidation at least for now the retailers largest shareholder. Eddie Lampert has a takeover plan meant to keep the department store. Chain going Sears holdings boosted thirty percent. They three zero percent. We mentioned that report the found the greenhouse gas emission spiked in the US last year CO two specifically so look at some energy companies. How about that? Exxon Mobil pumped up seven tenths percent, Chevron sputtered four tenths percent, Chesapeake energy up more than three. And a third percent today. Union Pacific railroad announced the appointment of new chief operating officer Union Pacific chugged up eight and seven tenths percent today. Canadian national railway advanced three tenths percent bonds fell yield on the tenure Tino rose to two point seven two percent. You're listening to marketplace. This. Marketplace podcast is brought to you by with Sabi. Hot cloud storage. If your company's thinking about moving data storage to the cloud checkout, the company that's rethinking cloud storage with Sabi is less expensive than just the maintenance on your current on premises storage. Plus, it's eighty percents cheaper and six times faster than Amazon S three with no egress fees. Experience. It for yourself with free unlimited storage for a month. Go to Assab dot com. Click free trial and use the offer code Sabi. And by ZipRecruiter. You know, what smart kicking off twenty nineteen by planning out, which rolls your business needs to hire? For. You know, what else is smart starting the new year off strong by going to ZipRecruiter dot com slash APM to hire the right people. Unlike other job sites, ZipRecruiter finds qualified candidates for you. It's powerful matching technology scans thousands of resumes to identify people with the right skills education and experience, then it actively invites them to apply to your job. So you get. Qualified candidates fast. That's why ZipRecruiter is rated number one by employers in the US this rating comes from hiring sites on trust pilot with over one thousand reviews right now listeners can try ZipRecruiter for free at this exclusive web address ZipRecruiter dot com slash APM. That's ZipRecruiter dot com slash APM. Ziprecruiter, the smartest way to hire. This is marketplace, I'm KAI. Resolve Flint, Michigan, I showed up in the headlines four or five years ago when the rest of the country learned about the lead in its water supply funding and replacing those lead pipes was challenge. Lots of digging and lots of hoping until artificial intelligence came along Alexis Madrigal wrote about the Flint cleanup and a I've in the Atlantic Alexis walkman program, thanks for having me. So this horrible thing happens in Flint, it comes to national prominence in two thousand fourteen h lots of back and forth by the government and the state and and everybody and then in a way. Technology gets involved. Right. He had. That's right. You know? Some researchers found that they could identify which homes and Flint had lead pipes at a pretty high probability and that allowed them to create like a pretty efficient program even with a fairly rag tag group of volunteers come starting in two thousand sixteen and moving into twenty seventeen. Okay. How did they do it first of all or the criteria? I guess that they fed into this. I suppose it's an algorithm, right? Yes. That's right. A serious series of them. Actually, will you know, they have city records. But like most cities in the world. It's records are incomplete an at times inaccurate. And so they were able to take those bad records and combine them with field testing to create this model machine learning models. So that as they continue to do more excavation and replace pipes out in Flint they could feed that back into the model and increase its accuracy. Okay. The keyword. There was excavation because without this tool because record keeping in Flint and a lot of other cities was so. Shaadi they didn't actually know literally who had lead pipes. So so they had to dig it up to figure it out until this tool came along. What kind of accuracy did the tool have you know, by the end of its run in late two thousand seventeen they were routinely hitting more than eighty percent of the time. So that when they excavated a homes pipes it had led or galvanized steel pipes and not copper, and that obviously is a bad thing. But and then what happens I guess is the next question because it it goes downhill. Yeah. And that's really the the nature of the story that I wrote is like what would happen because a major national contractor comes into play and the rate at which they hit plummet to fifteen percent. So they're excavating more and more. But they're finding less lead. And it turns out that they can of discarded the model and kind of went at the problem fresh the city asked for some political things to be done like excavating across the whole city. And so they didn't just follow the lead. They kind of follow it. Both the politics and thousands of. People in Flint still have lead service lines when they had followed the previous method. They wouldn't you know, once you politics involved in a way, though, I mean, setting aside for for just a second here, the the tragedy really of people still having led who might not have to you can sort of understand what the mayor of Flint did right because her constituents were saying, hey, you dug up my neighbor's yard, but not mine, and I want to be taken care of. That's right. I mean, I think you know, if you are a parent in Flint, and if it will, you know, it's unlikely your home has led types you say, well, why don't we make sure right? And so with the deed was in fact, quite reasonable. I think not just politically. But also socially just as as people as we deploy more and more AI out into the world. I think we're gonna see variations of this problem over and over where people say, hey, look, we have this really great guy and the person who's receiving that advice from the computer says, oh, let's just make sure th the cautionary tale. Here. Of course is not the thing. Everybody thinks it is which is that AI is gonna you know, kill us. All it's that people are going to mess with AI, and we're going to get worse results, and they may not trust it the fundamental opaque nature of the way that a lot of these things work. And even if you try to explain it how difficult is to do. So means that people may just not trust these kinds of decision. Making tools. Alexis Madrigal is a staff writer at the Atlantic. Most recently kind of crazy story about artificial intelligence and the lead pipes in Flint, Michigan Alexis. Thanks, a lot good to talk to you. Thanks kind. Maybe a flu someplace over the holidays may be -cation or visit family, and maybe paid more than you would have liked for your plane tickets, or maybe you were pleasantly surprised to have gotten a good deal on your airfare because really when it comes to plane ticket pricing tola mystery right lucky for all of us, then that we've got a whole segment of this program in which we explain the mysteries of economic life. It's called I've always wondered. I asked him a thousand questions to get one answer. My brain would can Blake. Query does your comes from Jeff Sorenson? He's a web developer at Iowa State University in Ames, he says he flies out at the Moines. I was biggest airport a lot and he wants to know why can cost less to fly the Moines to some far off place with a stop in between. Then does justify the first leg of that trip itself. Marketplace's Mitchell Hartman explains what's going on. I experienced a version of what Jeff Sorenson is talking about recently flying from my hometown of Portland, Oregon to Sarasota, Florida. I ended up flying into Tampa renting a car and driving an hour south to Sarasota because the airfare to Sarasota would have been nearly twice as high justify an extra sixty miles and listener, Jeff Sorenson has encountered even more crazy seeming airfares he found. A one way economy ticket from demo- into Seattle with a stop in Phoenix, and it was one hundred fifty dollars. Same exact flight from join to Phoenix alone costs hundred and sixty two dollars. So the airline will fly him fourteen hundred miles farther for ten dollars less to be honest. I have never understood airline pricing structures. Well, let's try to figure them out. I when you travel by bus or train the ticket typically costs more the longer the distance you're going, but with airlines says industry. Analysts Henry heartfelt at atmosphere research distance really doesn't come into it. It doesn't cost an airline twice. As much to fly you twice as far not even close. Once the plane is in the air at cruising altitude the cost for additional fuel is pretty marginal. Seth Kaplan at airline weekly says these hard to fathom fares are common on airlines own websites and also travel sites like Expedia. There are times when you will pay more to fly from Portland to San Francisco than from Washington to Hong Kong. Kaplan says tickets price at any given moment isn't based on the airlines cost to fly you from here to there. But on how many other people have already bought tickets to fly that route how many seats are left how long before the day of travel. They look at empty airline seats. When flight takes off kind of the way a bakery. Looks at bread at the end of the day. Spoilage airlines call it the airlines gonna take something for Nazi rather. In get nothing at all for it in the end, which determines airline fares is a complicated. Balance of supply and demand says Henry heartfelt. And how much competition there is between airlines to service that supply and demand on a moment to moment basis airlines or the industry that pioneered revenue management how to price each individual seat on each flight to extract the maximum economic value. So let's go back to Jeff Sorensen's flights where it would have cost less to fly from Des Moines to Seattle through Phoenix than it would to just fly to Phoenix heartfelt says there could be a few reasons for that Des Moines to Seattle may actually have more competition on it. There may be multiple airlines that can take you there through different hubs. And it's possible there could be a budget airline. But for a flight starting in Des Moines and terminating in Phoenix or some other hub airport. There may be only a couple airlines competing. So ticket prices will likely be higher heartfelt says in the nineteen ninety s several airlines actually tried to price their tickets based in part on the. Distance travelled. It lasted about a nanosecond longer distance route that has more competition just has that much more battling going on between carriers for those customers. So it's best not to try to think logically. When you're looking at air because Bill only drive yourself crazy, which is not recommended when preparing to fly, I'm Mitchell. Hartman for marketplace. For this series to work when he joined to tell us what you are. Wondering about economy wise, there is a place you can do that at marketplace dot org. This final note on the way out as of today. Amazon is the most valuable publicly traded company in the world by market capitalization worth about seven hundred ninety billion dollars at the close this afternoon. You know market capture interesting, but really not too much more than that. And should you need a cautionary tale? Go ahead. Google six month, charged for the ticker symbol, a P L O ate. All right. We're out the Dow up to fifty six today about one percent. The NASDAQ up seventy three one percent there as well. As and P five hundred climbed twenty four points about one percent on that index to our digital team include sermon is Tony Wagner enjoying Griffith. Ben heck code is. Our digital visual producer ceremony is the executive director of digital attorney EVA's is the executive director of on demand. I'm KAI Ryssdal. We will see tomorrow, buddy. This is APN.
Marketplace with Kai Ryssdal