A different kind of spring break
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 13 March 2025
⏱️ 11 minutes
🧾️ Download transcript
Summary
Miami Beach has long been a famous (or infamous) destination for spring break revelers. But the city is starting to be over it; past spring breaks have devolved into stampedes, stabbings and even fatal shootings. Now, the city has drawn up rules to keep tourists and residents safe — but some locals wonder how that could affect businesses that rely on spring breakers. Also: less environmental regulation and rising corporate bond yields.
Transcript
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| 0:00.0 | What less environmental regulation could mean from Marketplace, I'm Sabri Beneshore, in for David Brancaccio. |
| 0:07.9 | In an effort to create a more business-friendly environment, the Environmental Protection Agency plans to roll back dozens of regulations around carbon emissions and air and water quality. |
| 0:17.5 | These would affect industries, including agriculture and energy. |
| 0:21.0 | The shift has the potential to fundamentally change what the EPA can do to combat climate change. |
| 0:26.9 | Marketplaces Nova Safo has more. |
| 0:29.1 | EPA administrator Lee Zeldon says his agency will reconsider its so-called endangerment finding made back in 2009. |
| 0:37.1 | That finding, that greenhouse gas emissions impact |
| 0:40.5 | public health, empowered the agency under the Clean Air Act to set up rules to limit carbon |
| 0:46.5 | emissions, which contribute to climate change. Those rules limited emissions from power plants |
| 0:51.2 | and vehicles. But the agency now says it arrived at its finding improperly, |
| 0:56.3 | in part because it did not consider future costs. In the past, the EPA has also pointed to |
| 1:01.3 | savings, such as in benefits from emissions reductions. The EPA's move is not necessarily a surprise. |
| 1:07.8 | President Trump, in an executive order, had directed the agency to re-examine its |
| 1:12.4 | endangerment finding. The Environmental Group Center for Biological Diversity promised to fight the |
| 1:17.7 | effort, saying that reversing the finding would jeopardize multiple rules aimed at fighting |
| 1:22.7 | climate change. The EPA says it will move forward in seeking public comment. I'm Novosafo for Marketplace. |
| 1:29.3 | Markets have been sending signals that they are worried about tariffs and erratic economic policy. |
| 1:36.3 | And the latest place we're seeing it is in the market for credit. |
| 1:39.3 | The yield on corporate bonds, that's the interest corporations and businesses have to pay on bonds |
| 1:44.6 | that they issue to raise money. Those rates are rising and not just rising, but rising |
| 1:49.9 | faster than the baseline interest rate in the economy, which is the yield on government bonds. |
| 1:55.0 | Bottom line, fear is making it more expensive for businesses to borrow. Diane Swank is here |
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