Marketplace All-in-One Marketplace

The consumer price index rose 3.3% in May; gas prices decline 9 cents in a week, AAA says; mortgage applications jump as interest rates dip; E.U. moves closer to hiking tariffs on Chinese electric vehicles.

The general public doesn’t always see eye-to-eye with economists on why inflation happens or on how to fight it, a new survey finds. We’ll unpack. Plus, a resilient U.S. economy lifts global economic outlook. And later: The Federal Reserve is expected to leave interest rates unchanged today. But let’s revisit the ’70s and ’80s, when the Fed was battling double-digit inflation and didn’t have the luxury of patiently holding interest rates steady.

It’s been called the largest economic development project in Georgia’s history. And it’s massive — six times the size of Disneyland. When Hyundai’s Metaplant comes online, it will pump out up to 300,000 electric vehicles per year, plus batteries. Jobs at the plant will pay more than the area average, and job training will be free of charge. We’ll hear more. Also on the program: banishing medical debt from credit reports.

From the BBC World Service: The European Commission will add tariffs to electric vehicles coming into the European Union from China, and China’s not too happy about it. Then, the World Health Organization (WHO) has blamed major industries — tobacco, ultra-processed foods, fossil fuels and alcohol — for 2.7 million deaths a year in Europe. Also: news on bread in Egypt and spicy ramen noodles in Denmark.

President Joe Biden and former President Donald Trump have been courting Latinos this election season. Relatedly, perhaps, this voting bloc has emerged as a target for disinformation. Marketplace’s Lily Jamali spoke with Marketplace senior Washington correspondent Kimberly Adams and Roberta Braga, founder and executive director of the Digital Democracy Institute of the Americas, to learn more about Spanish-language disinformation in the 2024 campaign.

This conversation is part of “Marketplace Tech’s” limited series “Decoding Democracy.” Watch the full episode on our YouTube channel.

It’s decision season for the U.S. Supreme Court, meaning the court is weighing in on a slew of cases dealing with a wide range of issues, including abortion medication restrictions and the power of federal agencies. One legal doctrine has become more and more influential in that decision-making: originalism. But Madiba Dennie, author of the new book “The Originalism Trap: How Extremists Stole the Constitution and How We the People Can Take It Back,” calls that a relatively recent phenomenon. On the show today, Dennie explains what originalism is, how it gained a foothold in American legal thought and why she believes its rise has eroded Americans’ rights and threatened economic stability. Plus, her idea for how we move forward.



Then, we’ll get into the movie-worthy story of an African American man who escaped slavery and became a fierce critic of the Constitution. Plus, Patrick Schumacker, an executive producer of the TV series “Abbott Elementary,” answers the Make Me Smart question.



Here’s everything we talked about today:


“Throw Originalism Out. It’s Time for Inclusive Constitutionalism.” from Slate
“Originalism, Amy Coney Barrett’s approach to the Constitution, explained” from Vox
“Even the Founders Didn’t Believe in Originalism” from The Atlantic
“What is originalism? Did it underpin the Supreme Court’s ruling on abortion and guns? Debunking the myths” from The Conversation
“The biggest 2024 Supreme Court rulings so far, and what’s still to come” from The Washington Post
“A Furious, Forgotten Slave Narrative Resurfaces After Nearly 170 Years” from The New York Times
“Facebook owner Meta seeks to train AI model on European data as it faces privacy concerns” from AP News








What have you been wrong about lately? Let us know at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.