Must Read Money Stories for Monday, June 20

by June 20, 2016

Must Read Money Stories

Fighting Racism On Airbnb.

A series of racial discrimination accusations in recent months among Airbnb users has the room-share company taking a deeper look at its policies and plans to release a report this fall about some possible remedies, the New York Times reports. What’s unlikely to change, however, is Airbnb’s requirement that all users waive their right to sue or join a class action case against the company before logging on to their accounts–a move that legally insulates itself from the types of lawsuits that have prompted change and progress in housing discrimination laws as the company takes on the issue at its own pace.

Marketers Look To Podcasts.

Roughly 21 percent of Americans over the age of 12 have listened to a podcast within the past month–a notable jump from 14 percent just two years ago. That boost in podcast popularity has various media outlet such as the New York Times dabbling with the format, and now it appears a space is being carved out for marketers to promote their companies’ brands. The Wall Street Journal this weekend delved into the industry’s latest experiment, which shakes up the usually-brief advertising slots midway through a program and offers companies hour-long episodes and even entire series for sponsored content. It could boost advertising dollars for podcasters, but comes at a hefty six-figure price for marketers.

Misstep In Milk Insurance.

Milk isn’t so popular with American consumers as it once was, especially not in recent months, and dairy farmers say they’re now losing even more money on premiums for what they describe as a “useless” federal insurance program designed to help carry them through these kinds of rough spots, according to the Associated Press this weekend. The issue lies with calculating feed costs versus milk sales, and a Vermont lawmaker recently introduced a bill in Congress that’d address it by reopening the 2014 Farm Bill–a policy package that’s set to expire in less than two years.

Supreme Court On Gun Rights.

The U.S. Supreme Court will decide as early as Monday whether to take on a gun rights case over state bans on semiautomatic weapons–an issue the court could address for the first time in six years and at time when the topic is boiling in Congress after last week’s Orlando historically-large massacre, Reuters reported this weekend. Gun rights advocates are challenging Connecticut and New York’s bans on semiautomatic guns, much like the one that left 49 people dead in Florida, and if the Supreme Court declines to hear their appeal, the lower court rulings upholding the bans will stay in place.