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Updated at 9:08 a.m. ET

The economy continued to add jobs at a steady pace last month, and the unemployment rate remained low. Analysts have been looking for signs that wage growth might pick up, but it held steady, too.

Payrolls grew by a lower-than-expected 157,000 in July, and the unemployment rate edged down to 3.9 percent, as projected, the Labor Department said Friday.

In recent decades, income inequality in the United States has been climbing. Scholars and pundits argue about what causes the trend and how problematic it is, but they largely agree that it has happened.

But has the rise in income inequality between rich and poor also been accompanied by a widening cultural distance between the two groups? A new working paper from Marianne Bertrand and Emir Kamenica investigates the question. And its approach to answering it is amost as interesting as what it found. On today's show, we discuss it with Emir.

Brookstone Co. Inc. has filed for bankruptcy for the second time.

The retailer — known for massage chairs and other gadgets — announced Thursday that it will be shutting down about 100 of its mall locations with hopes of selling its remaining assets, according to the filing document.

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Google was once criticized for running a censored version of its search engine in China, at one point being taken to task by lawmakers in hearings on Capitol Hill. Here's tape from New Jersey Representative Chris Smith in 2006.

Mental Illness: [Enter Stage Right]

Aug 2, 2018

With guest host Celeste Headlee.

In “Dear Evan Hansen,” the hit Broadway musical, we see a main character who struggles with severe social anxiety. “Fun Home,” another Tony Award-winner, digs deep into paralyzing depression.

Musicals about mental illness are a lucrative artistic trend in theatre. And these productions are breaking new ground with their honest, entertaining portrayals of disorders that 1 in 5 Americans live with.

The popular streaming service Spotify has pulled some content posted by the prominent conspiracy theorist Alex Jones, founder of the website Infowars.

Spotify did not specify which episodes had been deleted, or how many in total it had removed from its service.

Apple became the first private-sector company in history to be worth $1 trillion, after its share price reached an all-time high above $207 on Thursday.

The share price jumped by more than 8 percent this week after Apple reported impressive quarterly earnings on Tuesday, driven largely by strong sales for high-priced iPhones. In a call with investors, CEO Tim Cook also touted growth in other areas such as smart home products, wearable and services like the App Store and Apple Pay.

Updated at 11:58 a.m. ET

The Trump administration has proposed a rollback of Obama-era fuel efficiency and emissions standards, while simultaneously taking aim at California's unique ability to set more stringent rules.

Under the Obama administration, the Environmental Protection Agency called for the fuel economy standards for new vehicles to ratchet up over time. The increasingly strict standards were designed to combat climate change by reducing greenhouse gas emissions.

A basic tenet of economics is that when demand for something goes up, so does its cost. So, many economists wonder why today's high demand for workers hasn't translated into bigger increases in pay.

Federal Reserve Chairman Jerome Powell has called this a puzzle that defies a single or easy explanation. It isn't just, for example, that productivity has slowed, making it harder for businesses to justify paying more — though that is certainly a factor.

Google is testing a mobile version of its search engine that will adhere to the Chinese government's censorship demands, including the blocking of certain websites and search terms, according to multiple reports.

China's government goes to great lengths to control its citizens' access to information on the Internet, creating what's been dubbed the "Great Firewall."

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Tariffs have been dominating the economic news this summer. President Donald Trump has announced new import taxes on goods coming from China, Europe, Mexico and Canada. But what happens then? Today on the show, Stacey and Cardiff go into the belly of the beast: in Newark, New Jersey.

Music by Drop Electric. Find us: Twitter/ Facebook.

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President Trump is ratcheting up trade tensions with China, threatening to increase proposed tariffs on Chinese imports from 10 percent to 25 percent.

The higher tariffs, which would apply to some $200 billion in Chinese imports identified by the administration last month, represent an effort to get Beijing to address longstanding unfair trade practices, officials say.

Updated at 3:31 p.m. ET

Wells Fargo will pay a $2.09 billion civil penalty over allegations the company originated and sold residential mortgage loans that included misstated income information, the Justice Department said Wednesday.

The bank's actions contributed to the financial crisis, the agency said.

The Federal Reserve on Wednesday held off on raising its key interest rate, which plays a role in loans to consumers and businesses.

The Fed is sticking to the script it has been forecasting to financial markets, but it's expected to raise rates twice more this year — on top of the increases it implemented in March and June.

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What's At Stake For Apple In China

Aug 1, 2018

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More Americans will be writing a check to the IRS in April because their employers are not withholding enough from their paychecks following the new tax law, the Government Accountability Office says in a new report.

The Trump administration is considering another big tax cut.

The administration is studying a proposal to cut capital gains taxes, a move that would primarily benefit the wealthiest Americans.

"There's been a great deal of interest in this provision for a long time," White House spokesman Hogan Gidley told reporters traveling aboard Air Force One Tuesday.

The pace of wage growth is one of the best indicators of economic health. But wage growth can be measured using a number of different methods. Each method has strengths and weaknesses, and each method tells a slightly different story about how the economy, and the labor market, is doing.

We speak with economist Ernie Tedeschi, who suggests three different measures of wage growth that we should all be tracking. In chart form, they are:

1. Average Hourly Earnings for all private sector workers:

Uber is shutting down its self-driving truck program, nearly six months after it settled a lawsuit from Waymo, the Google spinoff that accused Uber of using its proprietary designs. Uber says it will keep working on self-driving vehicles, but it will now focus solely on cars.

"We've decided to stop development on our self-driving truck program and move forward exclusively with cars," said Eric Meyhofer, the head of Uber's advanced technologies unit.

A hint of optimism creeps into Darius Kasprzak's voice as he pilots his boat, the Marona, out of Kodiak harbor on a recent calm day.

"We're in the morning, we're at the start of the flood tide," he says. "This is where you want to be."

He is fishing a bay on the northwestern edge of the Gulf of Alaska, about 200 miles southwest of Anchorage. The chilly waters here are some of the most productive fish habitat on Earth. In a good year, Kasprzak could catch more than 100,000 pounds of cod.

We all hope for a little peace at the end of life, for ourselves and for our loved ones. Hospice services can play a big role, relieving pain and providing spiritual and emotional support. But a federal report published Tuesday synthesized patient and Medicare payment data going back to 2005 and found that, while patients generally can count on hospice to relieve their suffering, some hospice providers are bilking Medicare and neglecting patients.

San Francisco may become the next U.S. city to ban plastic straws. The city's board of supervisors approved the ban on a preliminary basis last week and the final decision is on its agenda Tuesday. That has shops that sell boba, or bubble tea – a drink that has to be sucked through a straw – concerned.

Bubble tea is typically served in a big plastic cup over ice. It has balls of tapioca at the bottom the size of small marbles. You use a wide straw to suck up the tapioca — or boba — from the bottom of the cup.

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No question, Russia is a formidable force in the global political arena. But its economy is smaller than the economy of Texas. Russia's economy was growing like crazy between 1999 and 2008. But it's about the same size now as it was at the end of the Great Recession. Today on the show, we look at what's been holding back Russia's economy.

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