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Marketplace with host Kai Ryssdal produced and distributed by American Public Media focuses on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets.
The only national daily business news program originating from the West Coast, Marketplace is noted for its timely, relevant and accessible coverage of business, economics and personal finance.
Friday, April 18, 2014 3:25pm
Women in the workforce get no shortage of messages about how we should behave. Advocate for yourself … but not too much. Ask for a raise … but pick your moment.
Katty Kay, the anchor of BBC World News America, and Claire Shipman, correspondent for ABC and Good Morning America, authors of "The Confidence Code," argue that women will occupy more C-suites and positions of power by taking risks, speaking up, and being more confident.
On the meaning of confidence:
Shipman: “The stuff that turns thoughts into action … Confidence is about your belief in your ability to have an impact on the world. To get things done , so there’s a real element of action about it.
On the confidence gap between men and women:
Kay: The last book we wrote made the case for women in business and how companies, organizations, that employ more senior women, do better than their competitors. And yet as we interviewed these senior women we kept hearing phrases like, ‘You know, I’m just lucky to have got where I am,’ or, ‘I was in the right place at the right time,’ or, ‘I’m not sure I’m the right person for that new promotion or that new big contract.’ And we thought that’s so strange, you know, we never hear phrases like that from men. So, we started to dig into the research on this and a lot of psychologists and business schools have now done research showing that there is indeed a confidence gap between men and women.
For example, there is a business school study from Manchester University in the U.K., that the professor has been asking students, what do you think you deserve to earn five years after you graduate. Men routinely say they deserve to earn $80,000 on average. Women will say it’s $64,000. That a 20% difference. [At] Hewlett Packard, women will apply for promotions when they have 100% of the skill set, men are happy if they have 60% of the skill set because they think they’re going to learn the rest on the job.
Women, whilst we have all the talent, we have all the competence, we’re perfectly able, we are undervaluing ourselves compared to men.
On the importance of failure:
Shipman: Carol Dweck said to us something that was pivotal. She said, “If life were one long grade school, women would rule the world.” And that is because although we’re raising girls in large measure these days to think they can do anything, we’re still nurturing them to be perfect and people pleasers and well behaved — in fact, too perfect. And so they internalize this sort of coloring within the lines, pleasing people, being quiet, getting good grades. They do that all the way through college. They excel. They hit the real world, and guess what? They haven’t screwed up. They haven’t failed. They haven’t learned that you lose, you flunk, you do this. It doesn’t matter you just keep going.
Kay: What you learn when you fail at something, whether it’s something small like asking for a pay raise that you don’t get, big or small, whether it’s in your personal life or private life, in the end you realize you’re still there. You’re still standing.
Friday, April 18, 2014 1:39pm
As evidenced in the video below, which has been viewed nearly 9.5 million times (and counting) on YouTube, Marty Cobb is one likeable flight attendant.
But even if the members of your cabin crew aren't hilarious, it’s important to make them like you, according to George Hobica, founder of AirfareWatchdog.com.
Hobica, who was flying before he learned how to walk, believes that packing our manners on every flight is the right thing to do — and it has paid off for him in various ways, including class upgrades and complimentary cocktails.
9. Pens! People are always asking flight attendants for pens, whether to complete immigration and customs forms or to simply do the crossword puzzle. Bring a few extra cheap pens, bundle them up and give them to your crewmember. It may not be as enjoyable as a box of chocolates, but they will surely put them to good use.
Click the audio player to hear Hobica’s plea for in-flight politeness and read more tips for making flight attendants like you
Have travel tips of your own? Share them with a comment below or Tweet them to us @LiveMoney
And if you're curious about the airplane movie references in the interview, they're from "Airplane," "Midnight Run," "View From The Top," and "Soul Plane."
Friday, April 18, 2014 11:49am
Venture capitalists are pouring money into internet startups again: they’ve invested $9.5 billion in various startups so far this year, according to the latest MoneyTree report by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters.
The report claims we haven't seen this much venture capital floating around since 2001, as the dot com bubble was starting to deflate. Right now, web ventures are getting the most investment money, and biotech is a distant second.
“The amount of capital that a startup requires now is much less,” says venture capitalist Peter Cohan, president of Peter S. Cohan & Associates. Cohan says startups are cheaper now because technology is so much more advanced than it was in the 90s. And it costs a lot less.
Some startups that failed in the 90s are being tried again. Things like online currier services. They weren't feasbile in the 90s, because there weren’t any smart phones yet.
“It was very difficult to track curriers and pinpoint where they are so it was very difficult to deliver,” says Jalak Jobanputra, founder of Future Perfect Ventures, another venture capital firm.
Is all this startup money blowing up a bubble? Jobanputra says yes. But it probably won’t pop. Instead, she expects it to deflate, slowly.
Friday, April 18, 2014 10:57am
The White House is touting its calculation that 8 million have signed up for health insurance under federal health reform. But a key question is whether enough of them will be young people, a group that often blew off insurance before, and are needed to make the economics of the plan work. Marketplace's Nancy Marshall-Genzer joins us to explain.
The U.S. is pressuring Japan to remove import tariffs on pork and beef as part of the Trans-Pacific Partnership — a proposed new free trade agreement being discussed by twelve countries on the Pacific Rim. Next week when President Obama goes to Tokyo this issue will be high on the agenda. Japan is the world's top importer of pork — Japanese eat expensive tenderloins and cutlets deep fried into crispy katsu. But that agreement won't be easy. Japan has traditionally protected its agricultural commodities.
A case going before the Supreme Court next Tuesday pits traditional television broadcasters against Aereo, which lets customers record broadcast TV in their local markets and then watch programs via television, computer, tablet or smartphone. The technology that makes it possible is a farm of thousands of tiny antennas, each smaller than a nickel. The case – in which some say billions of dollars are potentially at stake – hinges on what constitutes a public broadcast versus a private one, under copyright law.
Friday, April 18, 2014 9:48am
From the Marketplace Datebook, here's an extended look at what's coming up the week of April 21, 2014:
30,000 people are expected to gather on the South Lawn at the White House for the annual Easter Egg Roll.
Do something nice for your planet on Tuesday. It's Earth Day.
The National Association of Realtors reports on sales of existing homes for March.
More interested in a new home? We get those sales figures from the Commerce Department on Wednesday.
Ebertfest gets underway in Champaign, Illinois. The annual event "celebrates films that haven't received the recognition they deserved during their original runs."
If you're in Iceland you probably have time off to celebrate the first day of summer on Thursday. It's a public holiday.
In this country it's Take Our Daughters and Sons to Work Day. And the good folks at the Commerce Department are scheduled to report on durable goods orders for March. Hopefully they can kick that out before their kids show up to the office.
Friday is National Arbor Day, the tree planting holiday. More good things for the planet.
And it's a serious event with a lot of dough at stake. The National Pie Championships roll out in Orlando. Just in time for bathing suit season.
December 31, 2013