“Marketplace Morning Report,” hosted by David Brancaccio, is the business news you need to know to start your day. “Marketplace Morning Report” gets you up to speed on what you missed when you were sleeping, kicking off each weekday with a global business update from the BBC World Service in London.
Airing on Thursday, March 26, 2015: With the Saudi-led coalition bombing targets in Yemen to stop advances by Houthi rebels, the price of oil right now is up 4 percent. That's a dramatic spike, given that Yemen accounts for a tiny percentage of the world's oil. More on that. Plus, did you know that nearsightedness causes people to make bad decisions about money? I'm talking about a kind of myopia that can't be fixed by the optometrist. It's the human tendency to see the future as hazy and the present sharply in focus. Behavioral economists have a fancy name for it: "hyperbolic discounting". Joseph Kable, a neuroscientist in the Department of Psychology at the University of Pennsylvania, joins us to talk about it.