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
We did something the other day that I don’t actually think we’ve ever done before. Not on purpose, anyway.
We re-ran an interview from the archives: Donald Rumsfeld, from a year or so ago, when he had a new book out that he was pushing.
We try real hard not to repeat ourselves. Real hard. Even if it’s the zillionth story on… I dunno…unemployment or something, we’re gonna try to find a fresh angle and tell you something new.
But as we were putting the show together this past Friday, it dawned on me that we had an interview with one of the key people on what the United States did in Iraq a decade ago and it was just sitting there waiting to be heard. Okay, re-heard, but you get my meaning. And with what's been happening over there the past couple of weeks, I figured airing it again would be a better service to our listeners than almost anything else we could do.
So we did.
Now, you could argue that an interview about Iraq has no business being on Marketplace. Or that I was rude and disrespectful to a former secretary of defense. Or that he's an unrepentant neo-conservative who should be in jail. All of those things – and more – were said about that interview (in the 100+ comments on our site and the hundreds of shares and links on Twitter and Facebook). Fine.
And yes, I completely get and agree with the point Jim Fallows makes -- that those who led us into Iraq, or counseled in favor of war, should do the decent thing and stay quiet right now (he also, recommends those who should be listened to right now).
But when you have the opportunity to ask pointed question, as I did with Rumsfeld, and as Erin Burnett did with Paul Bremmer Monday night on CNN, then I think the obligation is to do exactly that and let people make up their own minds.