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Operating as usual

03/26/2022

Businesses might pay hundreds or thousands of dollars to have their company featured on highway signs.

But the specific fees vary by state — or even by the traffic in the area: https://trib.al/ZpbGUtY

Millions of workers have left their jobs during the pandemic. And many of them are completely reinventing their careers.
03/26/2022
Some are leaving white collar fields to work with their hands

Millions of workers have left their jobs during the pandemic. And many of them are completely reinventing their careers.

With demand high in sectors like construction, some people are using the "Great Resignation" to go in a new direction.

The U.S. population living in multigenerational households has quadrupled in the last 50 years. The biggest factor drivi...
03/26/2022
Multigenerational households have become more common

The U.S. population living in multigenerational households has quadrupled in the last 50 years. The biggest factor driving the trend is, yes, money.

It's a trend that's been spurred on by the pandemic.

The Russian invasion of Ukraine and the sanctions placed on Russia by the West are putting supplies of steel, palladium ...
03/25/2022
How Russian sanctions could further corrode globalization

The Russian invasion of Ukraine and the sanctions placed on Russia by the West are putting supplies of steel, palladium and grain at risk, as well as setting back global aviation and adding to the chaos of the shipping industry.

Adam Posen of the Peterson Institute says that could lead to less varied, costlier goods and a more divided and politically uncertain world.

Homes in mostly white neighborhoods appraise at three times the value of similar homes in Black and Latinx neighborhoods...
03/25/2022
A look at Biden's plan to fight racial bias in home appraisals

Homes in mostly white neighborhoods appraise at three times the value of similar homes in Black and Latinx neighborhoods.

And this week, the Biden administration released a plan to combat racial inequity in the appraisal of home values.

The plan offers a number of steps to improve oversight of the home appraisal industry, and train appraisers.

There are about 400,000 unfilled positions in cyber security in the U.S. according to the trade group ISC-squared, and t...
03/25/2022
Cyber security experts needed to manage increasing threats

There are about 400,000 unfilled positions in cyber security in the U.S. according to the trade group ISC-squared, and that’s likely an undercount.

Without cybersecurity expertise in the C-suite and on the board, companies don't know what they don't know.

It’ll take some coordination in the U.S. There are 50 states, each with its own ID laws. And many different tech compani...
03/25/2022

It’ll take some coordination in the U.S. There are 50 states, each with its own ID laws. And many different tech companies are developing these features, which could make adoption clunky for businesses: https://trib.al/UYE2R5j

Russia makes steel the dirty, old-fashioned way. Europe hoped its trade relationship could spur a cleanup.
03/24/2022
The EU banned Russian steel, but how will they get it now?

Russia makes steel the dirty, old-fashioned way. Europe hoped its trade relationship could spur a cleanup.

With the European Union's ban on Russian steel, countries might struggle to satisfy demand. But recycling could help.

Today on #MarketplaceTech, we talk about the burnout cybersecurity professionals are facing. The White House this week w...
03/24/2022
Cybersecurity professionals face burnout

Today on #MarketplaceTech, we talk about the burnout cybersecurity professionals are facing.

The White House this week warned about potential Russian cyberattacks. The people responsible for defending against those attacks are already under severe pressure.

There is a lot of burnout, especially in the people who respond to cybersecurity incidents because it’s constant crisis management.

Workers have quit their jobs in record numbers over the last year and the phenomenon known as the Great Resignation does...
03/24/2022
Reframing the Great Resignation as a time of exploration for both employers and workers

Workers have quit their jobs in record numbers over the last year and the phenomenon known as the Great Resignation doesn’t appear to be slowing.

But this period of workforce change also represents new opportunities.

An era of workforce turnover can open new opportunities for both employers and workers, says management consultant Keith Ferrazzi.

You know those emails from IT about the cybersecurity training you still haven’t completed? It might be time you started...
03/24/2022
White House warns companies of growing cyberattack risk

You know those emails from IT about the cybersecurity training you still haven’t completed? It might be time you started taking those more seriously.

While big energy and financial firms are better defended than they used to be, other critical industries are still vulnerable.

It takes serious resources to keep our independent newsroom running.If you can, please consider supporting us with whate...
03/23/2022

It takes serious resources to keep our independent newsroom running.

If you can, please consider supporting us with whatever size donation is right for you. Every dollar goes back into the journalism you value: https://trib.al/Sn4ozas

The Russian invasion of Ukraine has rocked global commodities markets. But one commodity has been more topsy-turvy than ...
03/23/2022
What's going on with the nickel market?

The Russian invasion of Ukraine has rocked global commodities markets. But one commodity has been more topsy-turvy than all the rest: nickel.

Commodities prices have been rocked since Russia's invasion of Ukraine. But none has been so topsy-turvy as nickel.

In the month since Russia invaded Ukraine, hundreds of global companies have pulled out of Russia. But for the pharmaceu...
03/23/2022
Global pharmaceutical industry weighs Russian operations

In the month since Russia invaded Ukraine, hundreds of global companies have pulled out of Russia. But for the pharmaceutical industry, the leaving has been noticeably slower.

Drugmakers have pulled some nonlifesaving products, hesitating to punish ordinary Russians by withdrawing vital treatments.

The SEC is Wall Street’s watchdog — and whether it likes it or not, the agency is spending a lot of time figuring out ho...
03/23/2022
Proposed bitcoin ETFs spotlight debate over rules governing crypto

The SEC is Wall Street’s watchdog — and whether it likes it or not, the agency is spending a lot of time figuring out how to deal with cryptocurrencies.

SEC delays decision on allowing exchange-traded funds. It has to make big calls on digital currencies, whether it wants to or not.

Russia produces 40% of the world’s palladium, found in catalytic converters. And the war in Ukraine could drive up the p...
03/22/2022
War in Ukraine could make catalytic converters more costly

Russia produces 40% of the world’s palladium, found in catalytic converters. And the war in Ukraine could drive up the price of catalytic converters.

They're valuable in part because the palladium inside is expensive. And Russia provides much of the world's palladium.

03/22/2022

How do you deal with financial differences? On the very first #ThisIsUncomfortable episode, you met Nika & Terence. For them, money became this pesky third wheel.

Nearly 3 yrs later, host Reema Khrais caught up with them! Revisit their podcast ep here: https://mktplc.org/3L3THq6

The Federal Trade Commission has ordered some companies to destroy algorithms built on deceptively gathered data, a pena...
03/22/2022
What does it mean to "destroy" an algorithm?

The Federal Trade Commission has ordered some companies to destroy algorithms built on deceptively gathered data, a penalty that could affect them more than a monetary fine.

The FTC has ordered some companies to get rid of algorithms built on deceptively gathered data..

Russian attacks continue to take a heavy toll on the Ukrainian people and the nation’s economy. But how do you quantify ...
03/22/2022
Former Ukrainian Minister of Finance on the realities of a wartime economy

Russian attacks continue to take a heavy toll on the Ukrainian people and the nation’s economy. But how do you quantify that cost and what it would take to recover?

Ukraine’s economy is being strangled, says Natalie Jaresko, citing the need for international support as well as Russian reparations.

It's the Federal Reserve’s job to try and tame inflation. But they aren't always successful at doing that while avoiding...
03/21/2022
Can the Fed control inflation without squashing growth?

It's the Federal Reserve’s job to try and tame inflation. But they aren't always successful at doing that while avoiding a recession.

Bringing the economy in for a so-called "soft landing" has proven difficult for the Fed in past economic cycles.

Some 43 million Americans have unpaid medical bills that end up on their credit reports. But now, some credit reporting ...
03/21/2022
What happens if medical debt isn't part of your credit report?

Some 43 million Americans have unpaid medical bills that end up on their credit reports. But now, some credit reporting firms are changing the weight they give to that debt.

Credit reporting firms say they are making changes to the way they account for medical debt. That could help improve some people's credit scores.

For a long time, social scientists believed the "hot hand" phenomenon was a fallacy. But the debate is also a reminder a...
03/21/2022
Is the "hot hand" phenomenon all in our heads?

For a long time, social scientists believed the "hot hand" phenomenon was a fallacy. But the debate is also a reminder about something bigger.

From basketball to investing, does success beget success?

The HIV/AIDS pandemic, which emerged in the 1980s, left a legacy of drug research and health care gaps that affect the C...
03/20/2022
From AIDS to COVID: lessons and legacy

The HIV/AIDS pandemic, which emerged in the 1980s, left a legacy of drug research and health care gaps that affect the COVID pandemic today.

Both pandemics were “a virus that we knew nothing about in the beginning — causing tremendous panic and consternation in society.”

In a new book, Wall Street Journal reporters Kirsten Grind and Katherine Sayre explore the life and legacy of famed entr...
03/20/2022
How “delivering happiness” failed Zappos CEO Tony Hsieh

In a new book, Wall Street Journal reporters Kirsten Grind and Katherine Sayre explore the life and legacy of famed entrepreneur and Zappos co-founder, Tony Hsieh.

“It was his life’s mission, and it was ultimately his downfall,” write Kirsten Grind and Katherine Sayer in a new book.

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Hello Kai, I’m a huge fan of you and marketplace. You seemed at a loss to get a “little economic context.” Let me rattle off an assortment of seemingly disparate facts and bring them together with a suggestion for your next episodes. Clinton Presidency Years 1993 - 2001; federal surplus 236 billion dollars. Home mortgage rates 1988 were around 11% we were told you would never see them below 10%! We spend 3.7% of GDP on the military, by percent we rank forth in the world behind Saudia Arabia, Israel and Russia. However in dollars we are number one. Currently we spend $778 billion come Monday we will be spending north of $800 billion. We spend 39% of the worlds military budget, China 13% and everyone else is single digits. We spend 4 times the world’s overall military spending. We spend 54% of discretionary spending on the military in 2015 dollars. The income inequity of the US is grim: https://en.wikipedia.org/wiki/Income_inequality_in_the_United_States With less than 1% of the population holding in excess of 50% of assets. Taxes on the rich are often zero to single digit. I pay about 30% and I am not rich. So we have a few with all the money, paying little to no taxes and a budget where military spending eclipses education, healthcare, green energy and programs designed to ameliorate justice inequity, ie. police reform, and voting access. I propose a new economic theory, bubble-up economics. It works like this, tax everyone a flat rate except those living below the poverty line, they pay zero percent. Prioritize spending programs that benefit at least 50% of the population, things like education and job training, healthcare, green energy, social services and psychologic counseling (rather than military weaponry for the police), environmental justice, a federal living wage and pass the “For the People and John Lewis Voting Reform Acts.” In short get more money into the hands of more people on a permanent basis. Remember those stimulus checks? This would be paid for by spending less on the military and more at home for the majority of Americans and a just tax system where everyone pays their fair share. Discuss.
After seeing this Report, What the Heck is the Medaverse? Is this stuff Real?
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LISTEN: Marketplace Business News shares why millions of people are leaving their white collar jobs for the trade industry and how the workforce landscape is changing in a way that needs more tradespeople. Get a chance to learn more about the shift in the labor market and how NBSS students have found satisfaction in their career changes here: https://hubs.la/Q016Kyhy0
Dr. Aishah Scott, assistant professor of Black studies and of health policy and management, discussed on Marketplace Business News why Black and Latino communities have experienced greater rates of COVID infection and death during the pandemic. “What we see here are gaps in access to care,” said Scott, “lack of access to quality health care, to quality employment, to quality education. These are the social determinants of health, and they’ll continue to reproduce themselves over and over again.”
There are 2 million Americans without access to drinking water or indoor plumbing. Sending love to The Value of Water and the movement fighting for an equitable water future. Check out my Marketplace Business News interview on needed reforms #WorldWaterDay
Moderator Kim Lewis talks with Voice of America - VOA White House correspondent Anita Powell and Marketplace Business News senior reporter Nancy Marshall-Genzer about the top stories of the week including Ukrainian President Volodymyr Zelenskyy's plea to U.S. Congress for renewed assistance to counter #Russia's invasion of #Ukraine, and President Joe Biden's announcement of additional military weapons and financial assistance to Ukraine. Listen to the show:
"[S]anctions may not stop China from stepping in as an economic buffer, according to Joshua Eisenman, a senior fellow in China studies for the American Foreign Policy Council (AFPC). Shoring up its partnership with Russia is a priority for China, he said. 'And to the extent that we believe that through economic coercion we can change their politics,' that’s just not going to happen, he said." Click below to read the full story from American Public Media Group Marketplace Business News.
#Childcare issues have had huge economic implications on families, and the pandemic caused more wome#childcare to leave their jobs. Marketplace Business News reports on the rate of individuals quitting their jobs, on the Morning Report. marketplace.org/2022/02/17/child-care-disruptions-have-been-driving-more-women-than-men-to-quit-their-jobs/
While the crisis in #Ukraine is disrupting the global #supplychain, Flexport continues to adapt. Our CEO Ryan Petersen was on Marketplace Business News to discuss the impact of the conflict on #globalshipping and why he's particularly worried about the export of wheat and grain.
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