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Marketplace All-in-One

How pizza can explain proposed bank capital regulation

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 16 January 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Today is the deadline for comments on a proposed rule to increase capital requirements for large banks. It can be useful to think of the money a bank uses to fund its business as a pizza — some slices are equity, others are debt, and others are unknowns. We’ll dish up that analogy. Sticking with the food theme: Mexican food is increasingly popular with young Americans, and one in 10 eateries serves it.

Transcript

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0:00.0

You're never that far from a Mexican restaurant. From marketplace, I'm

0:05.8

Sabrie Beneshore, and for David Brancaccio. First, US and British strikes

0:10.2

against Yemen have not thus far made the Red Sea any more welcoming to

0:14.5

commercial ships. Yemen's Houthi groups has said it will now attack US and

0:18.4

British ships in solidarity with Palestinians. Japanese shipping company Nippon Usen

0:23.5

today became the latest firm to suspend transit

0:26.2

through the Red Sea.

0:27.3

Nippan Usen stock closed up 2.7% on the Nikk.

0:31.8

Roughly one in 10 restaurants in the U.S. serves Mexican food.

0:35.7

That is according to the Pew Research Center, which also found that 85 percent of U.S.

0:40.3

counties have at least one Mexican restaurant, though those restaurants are

0:44.2

concentrated in California and Texas. Reporting from Houston, the second largest hub for Mexican

0:49.7

food in the country is Marketplace's Elizabeth Troval.

0:54.7

At Houston eatery, Tamales Don Pepe, owner René Hidalgo stands behind the front

1:00.4

counter. I managed the place, I many of the salsa, the food. This is his second

1:06.7

Mexican restaurant in Houston. He began as a dishwasher and has seen the landscape of Mexican

1:11.4

cuisine evolve in the Houston area since he moved here in the

1:14.4

1990s.

1:15.4

Now more people know that there's not just Texas Mexico, there's so many other type of Mexican food.

1:21.1

His menu represents the bites he grew up with in Mexico City.

1:24.1

Sopes, Guaraches, enpanadas, all those are very typical from Mexico City.

1:29.5

The first Tex-Max restaurant opened in West born in the 1980s.

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