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Looking for a home away from home leads many people to Airbnb. Yet new research in San Francisco found that Asian and Hispanic hosts tend to charge less for their rentals than their white counterparts. For more on this, Lizzie O'Leary spoke with study author Venoo Kakar, an assistant professor of economics at San Francisco State University. 

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5 things you need to know about sports betting

May 11, 2018

This spring, the U.S. Supreme Court is expected to decide if states can legalize sports betting. The court heard arguments late last year on a case called Christie v. NCAA — named for the then-governor of New Jersey — that could invalidate the Professional and Amateur Sports Protection Act, a 1992 law that bans sports betting in most states (Nevada, Oregon, Delaware and Montana are exempt). New Jersey is arguing that the federal government is overstepping its bounds and that states should be allowed to make their own sports betting laws.

U.S. scrap exports to China just came to a screeching halt

May 11, 2018

Last year, the United States exported to China $5.6 billion worth of shredded steel, corrugated cardboard, beverage containers and other scrap. That number has been coming down since the Chinese government instituted policies aimed at protecting the environment, including a ban on certain materials and higher quality standards on imports in 2018.

Auto execs are at the White House to talk fuel rules

May 11, 2018

President Donald Trump has promised to roll back fuel efficiency rules, but there is still no firm decision.

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Tax cuts: Have they benefited Indiana's economy?

May 11, 2018

In front of a crowd of roaring supporters in Indiana on Thursday night, President Donald Trump touched on a variety of issues, like his recent decision to pull out of the Iran nuclear deal, U.S. border security, and the GOP's sweeping tax overhaul.

Trump, along with Vice President Mike Pence, used the rally as an opportunity to encourage voters to head to the polls for this November’s midterm elections to protect the GOP's majority in Congress. 

(Markets Edition) Top auto industry executives meet with President Trump at the White House today. Trump’s EPA and the Department of Transportation have drafted a proposal outlining eight different options for rolling back fuel efficiency standards in new cars.  Car buyers like fuel efficient cars, though….so automakers want to see regulations relax, but, not too much. And on the two year anniversary of the Brexit announcement, there still doesn't seem to be a consensus building about how borders will function.

Twenty Egyptian policemen in plainclothes broke into the home of a young satirist on Sunday morning in the suburbs of Cairo. Authorities whisked away vlogger Shadi Abu Zeid and confiscated his computers, cash and electronics. But he was neither taken to a local police department nor charged in a civilian court. His whereabouts remained unknown for more than a day, until Monday evening, when his sister posted online that he had appeared at a state security prosecutor’s hearing in Cairo. 

05/11/2018: Borrowing against your house is back

May 11, 2018

(U.S. Edition) Home equity lines of credit have hit a 9-year high...but are we forgetting the risks? Plus, we run down the Presidents' promise to lower drug companies' prices for consumers, a currency exchange network the U.S. government believes is funneling cash to Iran's revolutionary guard and a scam a little closer to home you may want to pay attention to: a robo-call known as neighbor-spoofing. The FCC just fined a Florida man $120 million for making nearly 100 million such calls.

Russian President Vladimir Putin was sworn in to a fourth term in office on Monday, extending his 18-year rule amid promises of continuity in foreign policy and renewed efforts toward building prosperity at home.

In a swearing-in ceremony in the gilded Andreyevsky Hall of the Grand Kremlin Palace, Putin assured Russians that his rule had “revived pride” in the country. "As head of state I will do all I can to multiply the strength and prosperity of Russia,” said the Russian leader.

05/11/2018: An appeal for unity in Europe

May 11, 2018

(Global Edition) From the BBC World Service… the European Commission’s president appealed for unity in Europe at a time when a number of governments are questioning the appeal of the bloc. Then, UNICEF, the UN children’s agency, is warning that 400 thousand children in central Africa are dying of starvation. What’s contributing to the crisis and how can the agency help those in need? Afterwards, it’s 30 years since former British prime minister Margaret Thatcher laid the stone for a new financial center in London.

Cryptocurrency may have its disruptive eye cast toward venture capital. The initial coin offering is a type of crypto-crowdfunding that startups can use to raise cash quickly without kissing the Silicon Valley ring. But do ICOs really have the potential to replace venture capital for startups? Marketplace Tech host Molly Wood spoke with Yuliya Chernova, who covers venture capital for the Wall Street Journal, about the pros and cons of ICOs. 

ICOs raised billions last year. Should Silicon Valley be worried?

May 11, 2018

Cryptocurrency may have its disruptive eye cast toward venture capital. The initial coin offering is a type of crypto-crowdfunding that startups can use to raise cash quickly without kissing the Silicon Valley ring.  It was even referenced in the HBO show “Silicon Valley,” where the fictional company Pied Piper held an ICO.

Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, has been on a mission to dismantle and reshape the agency. In his latest move, he’s targeting the student loan division. He’s folding that office, which is meant to protect student loan borrowers from any wrongdoing, into a different unit focused on consumer education. Think of it as a sort of downgrade, if you will. But what does the move actually mean, and how could it impact students?

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They call North Korea the Hermit Kingdom for a reason: It’s not exactly easy to see what’s happening with its economy. Here are a few things we know. Or think we know.

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3 things to look for in Trump’s speech on drug pricing

May 10, 2018

President Donald Trump, who has accused pharmaceutical companies of “getting away with murder,” is set to deliver a speech tomorrow about his plan to lower drug prices.

Trump’s strategy will reportedly build on points included in his 2019 budget.

Abe's friendly relationship with Trump didn't earn tariff exemptions for Japan

May 10, 2018

There's arguably no foreign leader who's tried harder to get into President Donald Trump's good economic graces than Japanese Prime Minister Shinzo Abe. He was the first foreign leader to visit him after his election, and they've bonded over golf games. But all the photo ops and visits to Mar-a-Lago haven't done him any good. Japanese steel and aluminum exporters are among the relative few to have the president's tariffs levied on them. So what gives?

In some ways, it was a relief for Hua Qu when President Donald Trump announced the United States’ withdrawal from the Iran nuclear deal. She had been closely watching the news.

“To wait for his speech, to wait for that uncertainty to fall down on the ground, to be settled so that I can think through what I can do going forward,” Qu says.

Five years ago, James Fallows, a correspondent for The Atlantic, and his wife, Deborah, wanted a better sense of how people living in America's smaller cities and towns felt about their country and economy. And they decided to find out by flying their small plane across the country and spending some time seeing what life was like in some of the lesser-known and sometimes hard-to-get-to places in the United States.

Fallows found that what was happening locally didn't always reflect the tension playing out in national politics.

05/10/2018: Doing the numbers on the Hermit Kingdom

May 10, 2018

President Donald Trump announced today he's going to meet Kim Jong Un on June 12 in Singapore. There are a whole lot of variables in this equation: What's motivating who to do what? One thing that might have driven North Korea to the negotiating table is its economy. It had been growing amid sanctions, but now? We'll talk about it. Then, another economic story couched in a geopolitical one: Now that the U.S. is re-imposing sanctions on Iran, what will the EU do? Plus: Some 2,300 families fled Puerto Rico after Hurricane Maria.

Lisa Kum has an endless list of tasks every day. The 41-year-old from Cottage Grove, Wisconsin, has a 19-month-old daughter and a high school-aged son. She’s also tending to her health after undergoing elbow surgery earlier this year.

Héctor Martínez has been staying in a hotel room at the downtown Kissimmee Ramada since November. His bathroom sink now doubles as his kitchen sink. His desk serves as a medicine cabinet and his television stand has been transformed into a cupboard.

“I have everything here to cook,” he said, pointing to a stack of canned beans next to packets of seasoning. “I got food over there. I make my food in the microwave.” 

(Markets Edition) A new report from the World Bank finds that not many people are in much of the developing world, where upward mobility has stalled for the past 30 years. The U.S. isn't doing all that well either -- they fall smack in the middle of a list of 140 countries when it comes to the possibility of climbing the socioeconomic ladder. In slightly more positive economic news, low unemployment has us in a tight labor market. But it may also be some of the job searching technology that is prolonging the time it makes companies to make hires.

Nearly a quarter of children in schools on military bases are eligible for free meals, according to 2015 data from the Department of Defense, the latest available. That’s just one indication that many active duty members of the U.S. military don’t have enough food to feed their families.

It’s the dream of many parents that their children will grow up to have more prosperous lives than they did. A new report from the World Bank finds that’s not happening in much of the developing world, where upward mobility has stalled for the past 30 years. 

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(Global Edition) From the BBC World Service… It’s not often a near $5 billion fine is a good thing, but for the Royal Bank of Scotland, it marks the start of what will be the biggest privatization  in UK history. Then, a rate rise at its May meeting was almost certain for the Bank of England just a couple of weeks ago. But today, the British central bank will almost certainly keep rates on hold. We’ll tell you why. Afterwards,  Tabasco is celebrating its 150th birthday this year. The CEO of the family-run Louisiana brand shares the secret sauce to success.  

About 700,000 Rohingya refugees to date have fled a brutal military crackdown in Myanmar.

They're an ethnic minority in the country, and since last year, there have been reports of hundreds of Rohingya villages being burned, and widespread rape and murder.

Vimeo pivots from a place for watching, to tools for making video

May 10, 2018

Correction (May 10, 5:15 pm PST): A previous version of this story inaccurately stated that Vimeo is exiting the streaming business. It is not

The online video company Vimeo is switching gears, moving from being a place to watch videos … to being a place that helps people create videos. The company’s new CEO, Anjali Sud, was the person behind the pivot. She speaks with Marketplace Tech host Molly Wood about Vimeo's change in focus.

How artificial intelligence can be applied to the real world

May 10, 2018

With the end of the U.S. involvement in the Iran nuclear deal comes the return of U.S. sanctions. Those sanctions can affect companies in other parts of the world, because the U.S. can punish foreign companies that do deals with Iran if those companies also conduct business in the U.S. This, to put it mildly, is awkward, because many of those companies are based in countries like France and Germany that oppose President Donald Trump's Iran policy and want to stay in the deal.  

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