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Award-winning Marketplace is public radio's daily magazine on business and economics news "for the rest of us."  Hosted by Kai Ryssdal, award-winning Marketplace is public radio's daily magazine of business and economics. Marketplace takes a fresh approach to business news covering  listeners from wallet to Wall Street. 

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Kim Adams

The migrant and refugee crisis in Europe is first and foremost a humanitarian one. Hundreds of thousands of people are risking — and some losing — their lives for a chance to live in Europe. Now Germany and several other countries are toughening up their border security, saying there needs to be a more orderly system for processing the flood of people.

Nova Safo

When Texas Gov. Rick Perry dropped out of the race for the GOP presidential nomination, he left behind a Texas-sized pile of money that was aimed to help his campaign.

The money, reportedly totaling $13 million, was in the coffers of three super PACs, which operated in concert as the group Opportunity and Freedom.

"This was a complete surprise," says Stefan Passantino, the lawyer for the super PACs. "We had just, in the days before the announcement, made a significant ad purchase."

How does the Federal Reserve raise rates, anyway?

Sep 14, 2015
Tracey Samuelson

If you have ever thought about how the Federal Reserve sets interest rates, you might have thought it went a little something like this:  the Fed raises its federal funds rate, which sets the rate banks charge to loan money to each other, and that causes other rates to climb.

"That’s not a terrible shorthand for the way things used to work," says Binyamin Appelbaum, a Washington correspondent for The New York Times. 

The Valley Fire leaves businesses at a standstill

Sep 14, 2015
Kai Ryssdal and Mukta Mohan

The Valley Fire has claimed 61,000 acres in Northern California since it started on Saturday. At least 400 structures have been destroyed and 13,000 people have been displaced. It’s a tragedy that has left most of the region’s businesses at a standstill.

Ross Hardester owns Hardester’s Market and Hardware in Middletown, California. The store, which has been around since 1943, is one of the few places in the area that’s open.

On what it feels like in Middletown right now:

Ferguson Commission issues reform recommendations

Sep 14, 2015
Janet Nguyen

The Ferguson Commission released a report Monday prescribing a series of recommendations on how to reform the St. Louis criminal justice system and its education, healthcare and economic policies.

U.S. mortgage giants under the microscope

Sep 14, 2015
Kai Ryssdal and Bridget Bodnar

We've talked about mortgages and the mortgage crisis, and the challenges of the American real estate industry on this program for eight years now — almost as long as we've been talking about when the Federal Reserve might raise interest rates.

But you can't talk about mortgages in this country without talking about the two elephants in the room: Fannie Mae and Freddie Mac. They're behind an overwhelming percentage of all the home loans we get, and — since the dark early days of the financial crisis — they're publicly owned.

PODCAST: Paying it fashion forward

Sep 14, 2015
Molly Wood

On today's show, we'll talk about the upcoming decision expected Thursday from the Fed on interest rates; the latest on the migrant crisis in the EU; and why the fashionable "real people" photographed during New Yok Fashion Week may not be that ... real.

Cashing in on street style at New York Fashion Week

Sep 14, 2015
Sabri Ben-Achour

It is New York Fashion Week, and camera shutters are fluttering like cicadas in July. 

“Merci, mademoiselle! Beautiful! Thank you!” shouts Kamel Lahmadi from behind his lens. “It was all about your natural grace,” he says to the woman with the dark blue one-piece dress.

This is not, however, a runway. This is a sidewalk.

Nova Safo

Winners of big lottery jackpots in Illinois are finding themselves in an unusual situation: The Illinois Lottery says it cannot pay out jackpots of more than $25,000, because it lacks the legislative authority absent a new state budget.

That budget is nowhere in sight, as lawmakers and Gov. Bruce Rauner remain locked in a stalemate over how to close a massive deficit. The state has been operating without a budget since July 1.

A long road from the Marines to college

Sep 14, 2015
Amy Scott

Marketplace’s Amy Scott has been reporting on how an expensive private college in New York has been trying to make its campus more inclusive. Vassar College has been working with a group called the Posse Foundation to bring military veterans to campus in supportive groups known as posses.

Marketplace Tech for Monday, September 14, 2015

Sep 14, 2015

Airing on Monday, September 14, 2015: On today's show, we'll talk about about hacking GM cars and the state of car cybersecurity; how a hike in interest rates impacts tech start-ups; and multilevel marketing with social media.

Diamonds are a girl's best ... meal?

Sep 13, 2015
Marketplace staff


That's how much a diamond stolen by a Chinese woman from a Bangkok jewelry fair is worth. She was caught on camera and was later stopped at the airport. Where was the diamond, you may be asking? In her stomach. As the BBC reports, doctors had to use a colonoscope to retrieve the gem.