The high cost of business loans for women and people of color

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 21 December 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

New research from the University of Washington found businesses owned by women and people of color are charged higher rates for loans, costing about $8 billion a year more in interest payments than their white counterparts. Also in this episode, some energy sector updates: Growing global coal demand is powered by data centers and industrialization, and a new Gulf Coast hydrogen hub aims to reduce the carbon footprint of the region’s oil refineries.

Transcript

Click on a timestamp to play from that location

0:00.0	Givewell has now spent over 17 years researching charitable organizations and only directs funding to a few of the highest impact opportunities they've found.
0:09.4	Over 125,000 donors have used Givewell to donate more than $2 billion.
0:15.8	Rigorous evidence suggests that these donations will save over 200,000 lives.
0:23.3	Givewell wants as many donors as possible to make informed decisions about high-impact giving. You can find all of their research and
0:27.7	recommendations on their site for free. You can make tax-deductible donations to their
0:32.4	recommended funds or charities, and Givewell doesn't take a cut. To find out more or make a donation, go to
0:38.2	givewell.org.org slash UK. Givewell, UK can claim gift aid for eligible donations. Again,
0:43.7	that's givewell.org slash UK to donate or find out more.
0:48.2	Oracle Cloud Infrastructure is a single platform for your infrastructure, database, and application development with AI built-in.
0:57.0	An Oracle Sovereign Cloud helps you address requirements for location, access, and data residency.
1:03.7	Take a free test drive at Oracle.com slash Marketplace.
1:09.8	It is a Friday of a Fed week. We will make it all make sense.
1:15.7	From American public media, this is Marketplace.
1:24.3	In Los Angeles, I'm Kyle Rizzdahl. It is Friday. Today, this one is the 20th of December. It is always to have you along, everybody.
1:37.1	The Board of Governors of the Federal Reserve System spends as a unit a whole lot of time, trying to make sure nobody is surprised by what it does
1:47.1	or what it says it is going to do with interest rates. And yet, this week, somehow, people
1:54.8	seemed surprised. So there we will begin. Gina Smilik is at the New York Times. Courtney Brown,
1:59.6	is it Axios? Hey, you two.
2:01.7	Hey, Kai. Hey, Kai.
2:02.6	Courtney, let me start with you.
2:04.6	The Federal Reserve cut interest rates,
2:06.5	25 basis points this week as expected.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.