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Who are the winners and losers of globalization?

Aug 15, 2017

Slow income growth among the middle class of rich countries like the U.S., Japan and Germany is widely attributed to globalization. A lack of upward mobility has been frustrating for many, leading to an increase of political populism on both sides of the spectrum. Former World Bank economist Branko Milanovic has created the “elephant chart,” which answers the question: Who are the winners and losers of globalization?

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And let's hear the voice now. I have a Republican lawmaker. It's Congressman Tom Cole of the state of Oklahoma who's on the line with us. Congressman, thanks, as always, for joining us. We appreciate it.

TOM COLE: David, thank you.

North Korean leader Kim Jong Un reviewed his military's plans to rain "an enveloping fire" around the U.S. territory of Guam — but opted not to fire missiles at this time, according to state media. Despite the stand-down, some Guamanians were alarmed after two radio stations aired an erroneous emergency alert Tuesday.

North Korean leader Kim Jong-un has decided not to launch four missiles toward Guam after all, according to state media reports. Is that what's helping to calm markets? MacroPolicy Perspectives Julia Coronado joined us to talk about some of the factors responsible for this stock market rally. Afterwards, we'll discuss the crowded field of premium rewards cards, and then look at why millennials seem to be disinterested in vintage furniture. 

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Good morning, I'm Ailsa Chang with a story about...

(SOUNDBITE OF ARCHIVED RECORDING)

UNIDENTIFIED MAN: Cheese. We'll go somewhere where there's cheese.

Bank of America plans to launch a new premium rewards credit card next month. The bank is entering a crowded field of similar products from American Express and Chase, whose Sapphire Reserve card made headlines for its initial 100,000-point sign-up bonus and $450 annual fee. As a result, banks are changing the way they try to lure new customers.

Click the audio player above to hear the full story.

This is just one of the stories from our "I've Always Wondered" series, where we tackle all of your questions about the world of business, no matter how big or small. Ever wondered if recycling is worth it? Or how store brands stack up against name brands? What do you wonder?

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There are a lot of artists, singers and writers who make us see the world a little bit differently, but not many who inspire a brand new color.

(SOUNDBITE OF SONG, "PURPLE RAIN")

PRINCE: (Singing) Purple rain, purple rain.

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Back when Amazon first introduced the Kindle, and e-books were all the rage, a lot of people thought printed books and the stores that sell them were going the way of dinosaurs. But a decade later, print is outselling digital, and many independent bookstores are thriving. Even Amazon is opening brick-and-mortar stores (seven so far).

The names and faces of individuals who were part of last weekend's white supremacist rally in Charlottesville, Va., are being plastered all over the Internet by civil rights advocates. It's part of an effort to shame the people who participated. But it's a tactic that can also snare some innocent people in its net.

American doctors have been noticing an increase in osteoarthritis of the knee. They have suspected two driving forces: more old people and more people who are overweight.

A study published in this week's Proceedings of the National Academy of Sciences argues that's far from the whole story. Even correcting for body mass index and age, osteoarthritis of the knee is twice as common now as it was before the 1950s.

The Trump administration on Wednesday will start to renegotiate the North American Free Trade Agreement with Canada and Mexico. And despite very tough talk about NAFTA during the campaign, it appears the administration has backed away from a major assault on the decades-old trade deal.

And that is a relief to businesses in all three countries.

During the presidential campaign, Donald Trump clearly tapped into frustration about workers who had lost jobs in manufacturing. And he painted NAFTA as one of the central villains responsible for stealing Americans jobs.

Updated at 6:05 p.m. ET

In a press conference on Tuesday, the president of the United States appeared to equate white supremacist marchers with counterprotesters who recently clashed in Charlottesville, Va.

Guest DJ Randy Newman

Aug 15, 2017

Note: This week we're featuring select episodes from our Guest DJ archives. Today we've got a conversation with Randy Newman. The singer, composer and pianist recently released his 11th solo album. It's called Dark Matter. Bob Boilen originally spoke with Newman back in 2008 when Newman released his previous record, Harps And Angels.

Millennials have now surpassed baby boomers as America’s largest living generation. That makes those in the 20-36 age range a driving force behind shopping trends. But it’s what millennials are not buying that caught our attention.

David Lackey is an appraiser on the long-running PBS series “Antiques Roadshow.” At his shop in an upscale neighborhood in Houston, Lackey said the market for antique furniture is down.

When is it OK to ask children to translate for their parents in emergency situations? That’s a question law enforcement agencies are wrestling with more and more. That’s because 18.5 million children in the U.S.

GoDaddy drops neo-Nazi site Daily Stormer

Aug 14, 2017

Protests against this weekend's white supremacist rally in Charlottesville, Virginia, continue to crop up in cities across the country. And they're also happening online.

In the last year, there's been a big drop in support for charter schools, while other forms of school choice are getting a little less unpopular. That's the top line of a national poll released today.

President Trump and his education secretary Betsy DeVos have put school choice front and center on their education agenda. The general idea of "choice," however, takes many forms.

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Updated at 10:35 p.m. ET

President Trump on Monday authorized his top trade official to look into whether China is guilty of intellectual property theft, a move that could eventually lead to trade sanctions.

Trump called his action "a very big move" against practices that cost our nation "millions of jobs and billions and billions of dollars each and every year."

A Denver jury found fully in pop singer Taylor Swift's favor Monday, delivering a unanimous verdict in a trial over whether she was groped by a former radio host during a Denver meet-and-greet. Wanting the trial to serve as an "example to other women," the star had sought a single dollar in damages, which she was granted.

At a federal court in Wisconsin, a British cybersecurity expert pleaded not guilty to charges over an alleged malware scheme to steal personal banking information.

Before these accusations, Marcus Hutchins was known for his role in finding the "kill switch" to the WannaCry ransomware cyber-attack last May that "threatened over 150 countries," NPR's Leila Fadel reported.

Updated 10:25 a.m. ET Tuesday

Hundreds of people are confirmed dead with hundreds more still missing after torrential rains on the outskirts of Sierra Leone's capital, Freetown, caused a mountainside to collapse onto a residential community.

Reports on the death toll have varied. The country's national broadcaster announced late Monday that the number of dead had risen above 300 and is expected to go higher. The Red Cross said in a statement Tuesday that at least 260 bodies have been recovered from the mud.

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