Mar 16, 2012

Marketplace for Friday, March 16, 2012

After This American Life aired a story by Mike Daisey on Apple manufacturer Foxconn in China, Marketplace's China correspondent Rob Schmitz delved deeper into the background and facts. We hear from Schmitz today about his reporting, which revealed that Daisey lied on many counts about what he found. Meanwhile, Mitt Romney has decided to cut back on field organizers and media buys. Consumer prices rise the most in 10 months. And our commentator says preserving funding for public higher education would improve the economy.

Segments From this episode

Commentary

Higher education key to reviving economy

by Richard Hernandez

Mar 15, 2012

Commentator Richard Hernandez says education spurs entrepreneurism and responsible citizenship.

Apple Economy

An acclaimed Apple critic made up the details

by Rob Schmitz

Mar 16, 2012

The monologist Mike Daisey’s account of Chinese factory conditions in “The Agony and Ecstasy of Steve Jobs” made people think differently about their iPhones and iPads. But after an adaptation aired on This American Life, reaching China, an investigation there of his allegations found they were fabricated. Given other news reports on the conditions, will that matter?

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Consumer prices rise the most in 10 months

by Scott Tong

Mar 16, 2012

The four-tenths percent rise in consumer prices was largely due to gasoline prices. But inflation remains tame. That's something the Federal Reserve works hard to preserve because of bad memories from another time.

GOP Contenders

Mitt Romney recalibrates campaign for longer haul

by Eve Troeh

Mar 16, 2012

The GOP presidential candidate is looking at having to raise more money to fight off rivals with staying power.

Letters: 'Homeless Hotspots,' illegal immigrants

by Kai Ryssdal

Mar 16, 2012

Going over listeners' responses to past broadcasts. This week: Whether the Homeless Hotspots experiment at South by Southwest was exploitative, and if illegal immigration helps the economy or not.

Weekly Wrap: Inflation, resigning from Goldman Sachs

by Kai Ryssdal

Mar 16, 2012

Reviewing the week's headlines on Wall Street. This week: Greg Smith's resignation from Goldman Sachs, the inflation numbers and what the Federal Reserve can do.

After This American Life aired a story by Mike Daisey on Apple manufacturer Foxconn in China, Marketplace’s China correspondent Rob Schmitz delved deeper into the background and facts. We hear from Schmitz today about his reporting, which revealed that Daisey lied on many counts about what he found. Meanwhile, Mitt Romney has decided to cut back on field organizers and media buys. Consumer prices rise the most in 10 months. And our commentator says preserving funding for public higher education would improve the economy.

Music from the episode

Spreadin' Honey - Remastered Mono Version Charles Wright & The Watts 103rd Street Rhythm Band

Dreamy Eyes Azure Blue

Lotus Flower Monks (Instrumental) Instrumental Hip Hop Beats Crew

Swagger Mocean Worker

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