National / International News
Garry Shigeharu Greene grew up in Los Angeles. He worked for a pool maintenance business and eventually he became the owner, but it all fell apart.
Garry soon found himself desperate to find work. After a few bouts of homelessness, he discovered a new job and for the past 20 years, he's worked for himself, selling what others throw out: recyclable trash.
We caught up with Gary and his shopping cart at the Temple Street recycling facility.
Listen to the full interview in the audio player above.
It's college acceptance season — or perhaps, more accurately, rejection season — at the most elite schools. Harvard and Stanford turned away about 95 percent of applicants this year, a new record for Harvard.
There are lots of reasons top-ranked colleges are turning away more applicants. They're getting more, thanks to more aggressive recruiting. And because some kids are so unsure of what it will take to get accepted, they're applying everywhere.
All of this can be crazy-making and heartbreaking for a lot of kids and their parents. New York Times columnist Frank Bruni says it doesn't have to be. He's out with a new book: "Where You Go Is Not Who You'll Be."
The fixation on getting into top colleges is nothing new for hyper-talented and extra, extracurricular-engaged high school students. But with 95 percent rejection rates, the competition is all the more intense.
"It's fed by a whole industry of admissions consultants and coaches," Bruni says, adding the demand has deeper roots in parents' fears about the economy. "I think in their anxiety about the country's prosperity and its future, they want to give kids any leg up, anything that might be a leg up, and they see elite schools as one of those things."
One reason that the volume of applications have increased: ease. Most elite colleges and universities use the common app, an electronic form that allows students to apply to send the same information, scores and essays to an array of schools. Schools also market themselves aggressively to see as many applicants as possible.
"They want to get the best students and they want the most diverse student bodies, so that's the good impulse behind it," Bruni says. "But they also just want big, big numbers because we've entered an era here where a low acceptance rate – proof that you've turned away masses of people – is bragging rights among colleges."
For low-income students in particular, research shows that going to a selective school can make a big difference in graduation rates and future earnings.
"It's not fair to say that the brand doesn't buy opportunities," Bruni says of the most elite and selective colleges like Harvard, Yale, Princeton, and Stanford. "But it's not a do-or-die, make-or-break advantage. It's not going to last your whole life."
Listen to the complete interview below to find out which school produces the strongest startup founders, according to venture capitalist and Y Combinator President Sam Altman. (That question comes at 3:21).
It's one of the most common reasons for a "no deal" on the ABC show "Shark Tank": a one-off product doesn't attract repeat customers.
So, why — and how — do some companies manage to sell items that never have to be replaced?
Marketplace Weekend guest host David Lazarus looks into two indestructible industries. First, Zane Schenk explains his role from the New West KnifeWorks production floor in Idaho Falls, Idaho. Schenk says he has been making knives for as long as he can remember — perfect, since they guaranteed to last forever, too.
Second, with longevity in the kitchen comes cast-iron skillets. Bob Kellerman, CEO of Lodge Cast Iron, says his company makes some of the most popular skillets on the market. These are passed down from generation to generation in many families, usually getting better with age.
Would you kill a young Hitler to prevent World War II? Men are more likely to say yes, a study finds, while women weigh the moral cost of murder along with lives saved.
Next week we're talking renewal — a clean slate, a new beginning.
For many people, a new beginning might be a marriage, which usually means planning (and paying) for a wedding.
Whether it's your own, or someone else's, a lot of money changes hands.
We want to hear about your experiences with weddings — whether you're the one walking down the aisle, or just shelling out for plane tickets or plates from a registry.
Next week we're talking renewal -- a clean slate, a new beginning.
For many people, a new beginning might be a marriage, and a wedding
And whether it's your own, or someone else's...a lot of money changes hands.
We want to hear about your experiences with weddings, whether you're the one walking down the aisle, or just shelling out for plane tickets or plates from a registry.
How much money are you spending? How are you resetting, financially?
Ever noticed the flood of commercials for engagement rings and diamonds around November? Or the spike in perfume commercials in early February?
Are you overwhelmed by ads for allergy meds and home repair stores?
You're not alone, and it's intentional -- there's a calendar for the cycle of advertising and marketing, and it exists because it works ... and that's because of our shopping habits.
So how does it work? Therese Wilbur of USC's Marshall School of Business lays out the calendar for us.
Listen using the player above.
Bike shares have become increasingly popular in recent years, shifting from a European novelty to common sight in about 40 U.S. cities
What makes for a successful bike share?
Martha Roskowski is Vice President of Local Innovation at the national nonprofit People for Bikes. She says that bike share programs have become more innovative, accessible, and affordable, and with the right kind of developments, could become an integrated part of public transportation in cities all over the country.
Listen to the full interview using the player above.
Some 16 billion jelly beans are consumed every year in the U.S. alone, and every year new flavors hit the market. But the origins of the popular confection are "lost in the mists of time."
We still have a ways to go before the 2015 football season kicks off, but the Baltimore Sun broke some big news about the NFL today, seems the league has appointed its first ever female permanent game official.
Sarah Thomas is her name, and she's no stranger to breaking new ground when it comes to football. She was the first woman to officiate a major college game in 2007, two years later, she was also the first woman to officiate a bowl game.
The 2015 NFL season officially starts on September 10.
On Friday, economists were left scrambling to explain why last month's employment growth was just half as good as they expected. Many fingers pointed at the harsh weather, along with port disruptions.
There are cycles everywhere in our financial lives. But there's one cycle to rule them all: Our sleep cycle.
How and when we sleep impacts our work, our finances and even the overall economy. Research says most people need at least seven hours to feel rested the next day. But what happens if you don't get that amount?
We spoke to Monica Schrock, who works the late shift at a diner in Los Angeles and Ken Wright, a sleep expert at the University of Colorado Boulder, to find out what happens when work disrupts our sleep cycles.
Wright says that when people work while tired, they make more mistakes, have more accidents and are generally less productive. And sleepy, inefficient workers are costly.
Tune in using the player above to hear the full interviews.