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 Thursday, March 26, 2015: The Consumer Financial Protection Bureau has a bunch of new rules for payday lenders. But why do payday lenders even exist? The fact is, people need them, and the reason they need them is because there is no alternative. The U.S. has a large gap in its financial infrastructure that other countries have plugged with reputable, often government-sponsored institutions. Why don’t’ we have something similar here? Plus, Congress is close to finally coming up with a long-term solution to how doctors who see Medicare patients are paid. It’s been almost 20 years of patchwork fixes. But in fixing a problem that dates to 1997, the government would force doctors to make some much needed upgrades they haven’t yet had to make, like being able to provide patient outcome data. Also, the airline industry isn’t like other industries. It’s nearly unique in that when a plane goes down — no matter which carrier it’s with — the entire industry is affected. And everyone who’s flying, thinking about flying, working for an airline, etc., feels more vulnerable. We look at how that phenomenon plays out, and the types of plans/approaches the industry puts into motion after a crash.