It's back to school season in Iowa. IPR's Clay Masters talks education economics with Sarah McCammon while she finishes up her assignment for Marketplace this summer covering business and economics news. They discuss the increasing costs for teachers and parents to pay for public school and a report by the US Department of Education found colleges giving bigger grants to wealthier kids.
Many Iowans work for two companies in recent business headlines. In a nearly 1.4 billion dollar deal, Cedar Rapids-based Rockwell Collins announced it was buying communication system company Airinc. Rockwell Collins CEO, Kelly Ortberg, calls it the biggest deal the company has undertaken.
And the latest quarter of John Deere earnings beat analyst projections. IPR's Clay Masters talks with Sarah McCammon, who's on assignment for Marketplace this summer, about the two news-making companies. They also discuss the state's corn crop and how it compares to the cornbelt as a whole.
The Iowa State Fair wraps up next weekend. IPR's Clay Masters talks with Sarah McCammon, who's on assignment with Marketplace, over the economics and controversy over when schools should start and how that affects state fairs and tourism. Masters also talks with McCammon about the energy stories she's done on Transocean, the company that owned the Deepwater Horizon oil rig that was involved in the BP oil spill three years ago, and a solar company that’s also ahead of its peers.
This week Clay and Sarah discuss the state's unemployment rate which is largely unchanged for June. They also discuss an issue Sarah is reporting on regarding the Keystone XL Pipeline and its impact on the country if its built or not.
This week Clay and Sarah discuss big news in agribusiness and how the industry is reacting. The U.S. House passed a farm bill that strips the nutrition portion out of the legislation, breaking up the rural/urban coalition of lawmakers. Also, a deadly pig virus is causing pork producers to be even more cautious with how they operate their business. And a deadly train accident in Quebec has people in the United States looking at how the country transports oil.