Hosted by Kai Ryssdal, our flagship program is all about providing context on the economic news of the day. Through stories, conversations and newsworthy numbers, we help listeners understand the economic world around them.
Airing on Monday, April 13, 2015: A study finds that nearly three out of four recipients of Medicaid, food stamps and other aid are members of families headed by someone who works –meaning, someone who works but doesn’t earn a wage high enough to keep them out of poverty. The study says this amounts to a $150 billion subsidy of low-paying employers. This comes as several companies have raised their minimum pay to $9 an hour ($18,720 a year), and unions and others advocate for a minimum wage of $15, as median incomes haven’t grown in 20 years or so. Next, a historic handshake this weekend between Presidents Obama and Castro at the Summit of the Americas has helped to fuel optimism over warming relations with Cuba. But – handshakes aside – what obstacles remain to trading with Cuba for businesses both small and large? We explore. …read more