Some say that America is becoming a country of paper-pushers; that we aren’t actually making much real stuff anymore. But grassroots designers and fabricators are looking to change that perception. Today these so-called makers are gathering at the White House for a kind of trade fair to promote their businesses and their movement.
Jules Pieri, CEO of The Grommet, who helped shape the event, joins Marketplace Morning Report host David Brancaccio to discuss.
Click the audio player above to hear Jules Pieri in conversation with Marketplace Morning Report host David Brancaccio
Iraq's government is using limited air attacks to strike back at the Sunni group known as ISIS, which now controls large areas of northern Iraq.
In advance of the press conference coming out of the Federal Reserve's two-day meeting, a look at what to expect from Chair Janet Yellen. Plus, more on the debut of the amazon phone. Also, while some criticize the U.S. for not making anything anymore, several fabricators and makers head to Washington, D.C. as part of the 'maker movement.'
And now for a fairy tale about tobacco bonds: once upon a time, it seemed like the clouds had opened up and rained money on many states when the great tobacco company settlement of 1998 was struck.
But like many a lottery jackpot, the $206 billion promised would only get paid out slowly, over time. Impatient and cash-strapped states then figured out ways to get the money quicker by authorizing special bonds. Investors would lend the states their money, knowing they'd get paid back later when the tobacco settlement money trickled in, plus interest.
Yet in some places -- New Jersey, for example -- some of those bonds ran into trouble and the investors who bought them weren’t so happy. Although state officials are under no obligation to fix the problem, they are proud of their solution.
But Fortune magazine senior editor-at-large Allan Sloan is not proud of his home state’s solution.
Click the audio player above to hear Allan Sloan in conversation with Marketplace Morning Report host David Brancaccio