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Marketplace on WVTF, RADIO IQ & RADIO IQ w/BBC News
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.
Wednesday, September 17, 2014 12:06am
Tuesday, September 16, 2014 5:52pm
Since “The Quantified Student” went up yesterday, we have been overwhelmed by the response.
Now, we want to take the conversation deeper, and hear from educators in the community. That means you!
Where: We’re hosting a Twitter chat.
When: Thursday (9/18) from 5-6 p.m. PST
How: The hashtag is #studentdata.
Even if you can’t make it, we’d still love to hear your feedback before and after – what points you think it’s important for the education community to discuss?
Tuesday, September 16, 2014 5:50pm
Young adults face economic challenges their elders never had to contend with.
Unemployment hovers near 20 percent for 16-19-year-olds. That's higher than it was before the recession, and student debt loads continue to mount. Salaries, meanwhile, are lower in real terms for many entry-level jobs than they used to be.
This is causing the so-called "Millennials" (born between 1980 and 2000) to postpone a host of life-cycle and financial decisions, says Paul Taylor, senior fellow at the Pew Research Center, and author of the new book “The Next America: Boomers, Millennials and the Looming Generational Showdown.”
“Looking at some of the traditional milestones of adulthood—getting a job, finding a partner, getting married, having children, buying a house, buying a car,” said Taylor, “every one of those milestones is happening later in life for this generation of young adults.”
Pew recently published a paper showing that compared to their parents and grandparents, today’s young adults are less mobile—they’re hesitant to move out of state for jobs or relationships. And they live with roommates, or with mom and dad and other extended family members more too.
“A lot of this... change,” said Taylor, “is driven by the 20-somethings, and now even the 30-somethings, who are still living with mom and dad because he or she hasn’t found a marital partner, is having trouble getting jobs, maybe is getting an internship or maybe is a barista.”
It’s often described pejoratively as a generation that has “failed to launch,” said Taylor. But Pew’s research shows that parents, and Millennials themselves, don’t necessarily see it that way.
“Look, if there aren’t any jobs out there,” said Taylor, “hanging out with mom and dad isn’t a bad deal, the refrigerator’s usually stocked and you don’t have to put coins in the washing machine. And the generations actually get along pretty well.”
Of course, that’s not always true. Lucas Cook is in his early twenties, and recently moved out of his parents’ home in suburban Portland, Oregon, into with friends. He lived at home while he went to a local college and stayed there after he graduated.
He calls his new roommate-living arrangement: “A music and meditation pad. It’s super-nice, it feels like a new level of freedom.” And what was living at home like? “Super-intense. My parents have very different ideals than I do. And so it was a process of coming away from them ideologically while still being in their house, and that was really stressful.”
Cook plays conga drums and he’s started playing gigs, helping him to move out on his own.
Justine Pope is 28, and she is just now moving into her own place after living with her parents and roommates since college. Pope has held down three of four jobs simultaneously through the recession—law firm assistant, yoga teacher, gardener—and never made much more than $25,000 per year.
“How I live right now is pretty month to month, and I’m fine, I’m not ever struggling, I always make my rent,” said Pope. “But I’m not increasing from there. I don’t have savings, I don’t have a retirement.”
She said buying a home would be “unimaginable to me. When my mom was my age, she had had her first kid, they were on their way to buying a home. And I feel the life that I’m living now, while very happy, is not setting me up for a comfortable middle-aged lifestyle. I really hope to be a stable middle-aged person.”
Bill Emmons, senior economic advisor at the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis, thinks many in Pope's and Cook’s generation will eventually catch up with the major financial life-decisions they’ve delayed--primarily, he thinks, because of the bad economy.
“Life expectancies keep rising and by the time Millennials reach their fifties and sixties, they may be looking at another 10 or 15 years of work,” said Emmons. “Maybe everything could be extended. There are some limits on that—childbearing can’t be delayed forever. But buying a house can.”
But other scholars, including Paul Taylor at Pew, think the pattern of young people not making these traditional life-cycle moves could be long-lasting—a reflection of the changing culture, not just the bad economy Millennials have come of age in.
Tuesday, September 16, 2014 5:40pm
Showtime President David Nevins spent years producing television shows for traditional networks before making the switch to a premium pay-model.
He says he likes the hand Showtime has been dealt. It network is able to keep viewers coming back (and paying up) for long-running hits like "Californication", "Dexter" or "Weeds" and new successes like "Homeland" or "Masters of Sex" (and, very nearly, "True Detective"). That has to do with three specific practices:
Make addictive content
Nevins produced "Friday Night Lights" and "Arrested Development", two shows that struggled on network television. At their heart, both were cable shows; a little too niche for broadcast, but addictive for their small audiences. Now, it’s much easier to monetize that passion through streaming than it was in years past.
“In premium TV, you get rewarded for shows like that, you get rewarded for the addictive shows," Nevins says. "In the old days, they were the shows that sold really well on DVD but didn't repeat well on the network and were always fighting for their life ratings-wise.”
Appeal to men and women
You don't need to satisfy everybody all the time, a network like Showtime has to make shows that subscribers like enough to wait a year in between seasons.
“That’s why you want to really remain balanced, gender-wise, if you’re in pay cable because you don’t want either half of the household — either the male half or the female half —saying ‘Honey, why are we writing that check each month?'”
Stay on top of technology (but don’t worry too much about new models)
As paid TV gets more competitive thanks to new technology and new business models, it's important that Showtime pivots at the right time.
“I want to make sure that we make the transitions to all the ways that people want to be able to consume us," Nevins says. Still, while the delivery might change, more competition doesn't mean anyone has to go out of business.
“That progression of new businesses from network TV to cable TV to premium cable TV to now all the online companies that are making content – they haven’t really made their predecessors go extinct," Nevins says.
Tuesday, September 16, 2014 5:10pm
This may turn out to be an 'uh oh' moment for the National Football League amid its current difficulties.
Anheuser-Busch - which is in the middle of a six year, $1.2 billion sponsorship deal with the league - issued a statement earlier today on the events that have transpired outside of the football field.
"We are disappointed and increasingly concerned by the recent incidents that have overshadowed this NFL season. We are not yet satisfied with the league's handling of behaviors that so clearly go against our own company culture and moral code. We have shared our concerns and expectations with the league."
The NFL did not take long to respond. As reported by ESPN's Darren Rovell:
NFL responds to Anheuser-Busch statement: "We understand. We are taking action & there will be much more to come."
— darren rovell (@darrenrovell) September 16, 2014