PRI - APM

News and features from American Public Media and Public Radio International.

Ways to Connect

Marco Werman/PRI

On the first anniversary of the revolution that brought him to power, Captain Thomas Sankara rejected the colonial name of his country — Upper Volta — and by presidential mandate declared the country would be known as Burkina Faso, the land of people of integrity.

It was one of many attention-grabbing things Sankara did. But many of his fellow Burkinabe were OK with that because it was the first time the world paid attention to this impoverished, landlocked country.

Does trickle-down economics make any sense?

Nov 7, 2017

The House version of the tax bill is currently in markup in the House Ways and Means Committee. Senate Majority Leader Mitch McConnell said the Senate could release its version on Friday. And even as we’re getting into the nitty-gritty on this thing – pulling apart provisions one as the time and examining them, the tax plan is also raising big, basic economic questions, like will tax cuts spur economic growth in a way that benefits all Americans? Simple idea, different answers on either side of the economic aisle. 

What it will take to end sexism on Wall Street

Nov 7, 2017

We last spoke with Sally Krawcheck back in February about her book, which is part memoir, part how to succeed as a woman in corporate America. Krawcheck is one of the most experienced women in finance, and she left Wall Street after the financial crisis and went on to found Ellevest, a digital investment platform for women.

(Markets Edition) On today's show, we'll recap a major misstep made by the Tax Policy Center. The nonpartisan think tank has retracted an analysis on the GOP's tax plan after a staffer found a mistake related to the Child Tax Credit. Afterwards, we'll look at how the Paradise Papers show Apple has found a new tax haven with the island of Jersey. Adam Rosenzweig, a law professor from Washington University in St. Louis, tells us some policy changes that countries can implement to address this issue.

Kevin Lamarque/Reuters

High-profile arrests of prominent Saudis over the weekend indicate that the kingdom's crown prince is consolidating his power. And that may be just fine with the White House.

Members of the House Committee on Ways and Means are continuing to markup the Republican tax bill. It’s day two of a process expected to last several days as special interest groups lobby to get their tax burdens lifted.

While lawmakers are likely to give attention to key aspects of the legislation, there are some little-known provisions in the 400-plus-page bill meant to appeal to social conservatives.

Jane Rosenberg/Reuters

In the days since Tuesday’s terror attack in New York, the alleged attacker’s country of origin has received a lot of media attention.

Sayfullo Saipov, an Uzbek national, is suspected of killing eight people and seriously injuring 12 others when he barreled down a busy Manhattan bike path in a pickup truck on Tuesday.

Several terror attacks in recent years have been carried out by individuals with ties to the country and broader Central Asia region, leading to media narratives that experts who study and know the region say are troubling.

There’s been a big increase in the number of long-term car loans purchased by U.S. drivers in recent years, according to a recent report by the Consumer Financial Protection Bureau. Longer-term loans mean smaller monthly payments for borrowers, but they also mean more risk. 

Click the audio player above to hear the full story. 

(U.S. Edition) Millions of leaked documents known as the "Paradise Papers" show how the very rich are using offshore accounts in tax havens. One of the companies cited in these leaks: Apple. We'll look at how the company had shopped around for a tax haven after a crackdown on its tax practices in Ireland. Afterwards, we'll discuss some of the provisions buried in the GOP's tax bill meant to appeal to social conservatives, and then talk about a growing increase in the number of longer-term car loans.

Grassroots efforts in Tunisia to advance women’s rights

Nov 7, 2017
Danielle Villasana/PRI 

In a building tucked away on a dusty street in Tunis’s Lafayette neighborhood, a classroom full of a dozen young Tunisian women listen to lectures amid bursts of laughter on a spring day earlier this year. The group is a diverse mix of women sporting smartly tucked headscarves, brightly colored blazers and fitted jeans. One by one, they stand in front of the classroom and explain to their peers why they want to pursue politics.

11/07/2017: Why are there two prices for oil?

Nov 7, 2017

(Global Edition) From the BBC World Service ... More revelations from the leak of more than 13 million confidential tax documents from the offshore law firm Appelby — this time it's Apple that's in the crosshairs. What's the world's biggest company being accused of? Then, although there's no official definition for a tax haven, the island of Guernsey — between Britain and France — has often been considered one.

11/06/2017: Tax avoidance is OK, evasion is not

Nov 6, 2017

Tax havens aren't all white sand and palm trees — Montana and Wyoming offer the same kind of anonymity for shell companies. And there are important distinctions between illegal  activity and tax avoidance. Speaking of taxes, we dig a little deeper into the new tax bill, looking at the impact of removing alimony deductions and discussing just how pro-growth it is with Neil Bradley, senior vice president and chief policy officer at the U.S. Chamber of Commerce.

Remember the Panama Papers — that huge trove of more than 11 million documents leaked in 2015 detailing financial data on more than 200,000 offshore entities? 

Now, there's a sequel.

It's called the Paradise Papers, and it's brought to you via the same two German journalists who received the earlier data dump. 

"Here we are again with another leak and new revelations," says Süddeutsche Zeitung correspondent Frederik Obermaier, one of the two reporters who received the Paradise Papers from an anonymous source.

The US Chamber of Commerce won't let go of corporate tax cuts

Nov 6, 2017

If you're a tax policy person, the House Committee on Ways and Means is the place to be this week. The panel is marking up — that is, formally considering — amendments to the GOP bill that was made public last week. Along with that markup comes public scrutiny of what's in and what's out of the proposal, as well as pressure from various sides of the debate. Neil Bradley is the senior vice president and chief policy officer at the U.S. Chamber of Commerce. Marketplace host Kai Ryssdal spoke to him about his thoughts on the bill.

The New York Fed president is first among equals

Nov 6, 2017

The Federal Reserve Bank of New York has announced that its president, William Dudley, is retiring next year.

There are 12 regional Federal Reserve banks, and the New York Fed has the most responsibility. So does its president. First, he’s the chief regulator for New York’s huge banks.

“The sort of cop on the street,” said Anat Admati, a professor of economics at Stanford. “Really implementing, enforcing, whatever the regulations are.”

The words tax haven get thrown around a lot. And you see some of the usual suspects pop up in the Paradise Papers — the Cayman Islands, Barbados, the British Virgin Islands. But it doesn’t have to be paradise to be a good place to stash earnings you don’t want to pay taxes on at home. Some of the U.S. states may surprise you.

Click the audio player above to hear the full story.

Puerto Ricans fleeing Maria seek a New York foothold

Nov 6, 2017

On a crisp fall day, Jenny Nieves put on a borrowed winter coat and went to pick up her new benefits card – for “food stamps, Medicaid, [and] some cash too,” she said. Nieves and her 14-year-old son have been in New York for just over a week. They’re living with her niece in a one-bedroom apartment in the Bronx. She left her home in Luquillo, about 45 minutes from San Juan, because of the lack of power and water, the empty store shelves and long lines for food. Her son is home-schooled, and he couldn’t do any of his online coursework without the internet.

A long-time aide to U.S. Secretary of Commerce Wilbur Ross was playing two roles simultaneously in May when she helped land a trade deal with China to increase exports of liquid natural gas: key negotiator representing the United States, and board member of a shipping company in partnership with the Russians that could gain from the deal.

Stephen Smith

Kim Sook-nyeon, 69, lives in a cozy apartment in Seoul with her son. His name is Layne Fostervold. And he’s an American who grew up in Willmar, Minnesota.

Fostervold was adopted when he was about 2 years old and says he had a good childhood. But he couldn’t shake the questions he had about his biological mother back in South Korea.

“I always felt my mom tried to keep me for a while or was trying to make it work,” he says. “And then for whatever reason [it didn’t work], but I felt like for my entire life she really wanted to keep me.”

Stephanie Keith/Reuters

Allahu akbar made headlines again this week.

The suspect in the New York City terrorist attack reportedly shouted the Arabic phrase meaning “God is greatest” after driving his truck down a bike path on Tuesday, killing eight people.

What it is like to win the green card lottery

Nov 6, 2017

Since this week’s terror attack in New York, attention has focused on how Sayfullo Saipov came to be in the US. Saipov was admitted under the US diversity visa lottery — better known as the green card lottery — a scheme which lets around 50,000 people every year into the country, selected at random and vetted for police records. 

On Wednesday, President Donald Trump announced that he would be taking action to cancel the lottery — although he initially called it the "diversary" lottery. 

11/06/2017: The power of the New York Fed

Nov 6, 2017

(Markets Edition) A senior figure at America's central bank — William Dudley — is leaving the New York Fed after eight years. Julia Coronado from MacroPolicy Perspectives is here to explain the importance of this regional branch to America's monetary system.  Then, we'll chat with Marketplace senior correspondent Krissy Clark about the new season of our documentary podcast "The Uncertain Hour." She chats with us about this season's theme: federal regulations. Who do they protect?

Commerce Secretary Wilbur Ross has business ties to an energy firm owned by associates of Russian President Vladimir Putin, according to documents leaked from Appleby, a Bermuda-based law firm.

China sees green

Nov 6, 2017

The annual U.N. climate talks are underway in Bonn, Germany for the next two weeks. This marks the first of these conferences since President Donald Trump announced he’d pull the U.S. out of the Paris Climate Agreement. As the U.S. cedes global leadership in the fight against climate change, China is stepping up. But it’s more about pushing exports than combating asthma.

Click the audio player above to hear the full story.

Today the House Ways and Means Committee meets to debate the bill to overhaul the tax code. Officially it’s called a markup: committee members offer amendments before it goes to a House vote. What happens during a markup – and what could we see here? 

Click the audio player above to her the full story. 

(U.S. Edition) As part of an anti-corruption drive, dozens of Saudi princes and businessmen are under arrest in Riyadh. We'll take a look at some of the key players involved, and how this could affect the planned IPO of  Saudi Aramco, which could become the largest-ever public offering. Afterwards, we'll look at a leak of documents, known as the "Paradise Papers," that indicate U.S. Commerce Secretary Wilbur Ross has previously undisclosed business ties to an energy firm owned by friends and family of Russian President Vladimir Putin.

In a long-ago neutron star collision, scientists find a cosmic goldmine

Nov 6, 2017

Around 130 million years ago, two neutron stars — those strange, compacted cores of dead stars — smashed into one another. The resulting “kilonova” explosion sent ripples through space-time and hurtled heavy metals like platinum and gold into space. Now, astronomers have detected the signals from that long-ago collision, in the form of gravitational waves and electromagnetic signals. 

(Global Edition) From the BBC World Service ... In a move that he says was meant to clamp down on corruption, Saudi Arabia's new crown prince Mohammed bin Salman has jailed over a dozen princes and ministers (though the jail, it should be said, is the Ritz-Carlton) — causing surprise and consternation among the international business community. That's because one of those jailed is Prince Alwaleed bin Talal, who has invested heavily in U.S. companies like Twitter, Apple and Citigroup.

The recent allegations against film mogul Harvey Weinstein have sparked a global conversation about the issue of sexual harassment in the workplace. We devoted all of Friday's episode of PRI's The World to workplace sexual harassment. Listen to the entire program below or scroll down to hear specific segments. 

Take our survey about sexual harassment in the workplace, below

How The Microbiome Can Affect Cancer Treatments

Nov 4, 2017

Pages