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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, July 25, 2014 2:00pm
As the song goes, "Just a spoonful of sugar makes the medicine go down!" That is, unless you're getting paid the federal minimum wage like Mary Poppins.
Or, rather, Kristen Bell as Mary Poppins in a Funny or Die video poking fun at how difficult it is to live on $7.25 an hour:
Aside from lamenting that she has to buy her own birds (from Mexico, apparently), Poppins points out the irony of CEOs' growing paychecks, while she can't even live above the poverty line. Our own Paddy Hirsch has a video on this phenomenon. He doesn't sing:
Can't this British nanny catch a break? Or at least get a new umbrella?
Friday, July 25, 2014 6:00am
With more students taking the comp-sci AP exam every year, here's more of Marketplace's coverage on diversifying the demographic of students taking the exam.
Friday, July 25, 2014 6:00am
Howard Schultz believes in ensuring his company's success not only in front of the counter with consumers, but also behind it, with his employees.
Schultz is the chairman, president and CEO of Starbucks. He first joined the company in 1982 as the director of operations and marketing. At the time, Starbucks had been around a little over a decade, and was a young company with only four stores. A little more than three decades later, the company has established itself as what Schultz calls "the ultimate purveyor of coffee" with close to 21,000 stores in more than 65 countries.
Schultz's big idea has been to make the people who work for him a priority.
In an interview with Marketplace Morning Report Host David Brancaccio, Schultz shared his belief that a company's responsibility extends beyond ensuring that profits for its shareholders. He says the people who work for companies like Starbucks deserve to be taken care of.
He shared with us four ways he has made his employees a priority in ways that have bolstered Starbucks' success
Idea: Doing the right thing for your people and the communities you serve will ensure greater success for the company.
"I feel strongly that we have demonstrated that we are a performance driven company and organization by providing significant shareholder value," he says.
Schultz realizes that company profits aren't the only way to measure success:
"At the same time, we have done all this through the lens of humanity and that's what I'm most proud of and that's what I believe businesses should be."
Idea: Investing in the education of your employees benefits everyone — the employee and the company.
Schultz and Starbucks recently made headlines by announcing they were partnering with Arizona State University to offer to their employees a four-year college degree at a reduced cost.
"Our responsibility as a company is to recognize that if we could provide a free college education to our employees," he says, "it would help our company and it would help them professionally and personally."
Idea : The status quo is not good enough for a company trying to build a long term, enduring business.
Schultz places a premium on innovation, calling it the key to long-term growth and sustainability.
"The status quo just is not going to be good enough," he says. "We have to push for self-renewal and reinvention and at the heart of that, at the core of that, is innovation.
So, how do you encourage innovation? The answer leads us to Schultz's last big idea....
Idea: Stay curious. Have the courage and conviction to make big bets.
And Schultz should know... He signed a deal with Oprah Winfrey that has the media mogul producing a special line of tea for Starbucks. It's the kind of big bet that most brands could only dream about. One thing is for sure, no matter how much success Starbucks achieves, it hasn't stopped Schultz from planning the company's next move.
"I'm still looking around corners and I'm still trying to put Starbucks in a position to surprise and delight our customers and I think innovation has been the core reason behind our success."
Friday, July 25, 2014 6:00am
President Obama is set to meet with the Presidents of Honduras, Guatemala and El Salvador Friday to talk about the influx of young migrants crossing our borders. Officials estimate 57,000 have made it to the US since late last year -- Most are teenagers. It’s a big increase over years past.
The unaccompanied children come to flee poverty, gangs, and drug cartels. There are more migrants than cots for them to sleep on.
“There’s lots more that can be done to beef up border enforcement. But the real long term solution is to address the main drivers of migration,” says Cindy Arnson, director of the Latin American program at the Woodrow Wilson Center.
Those drivers include ineffective institutions, poor security, and lack of opportunity.
The President has asked Congress for $3.7 billion to deal with the immediate issue. Most of that appropriation would go to border enforcement and immigration courts.
Arnson expects Latin American leaders to say the U.S. has a shared responsibility in solving the crisis.
“The smart answer to this situation is to address the root causes in a sustained and smart way with foreign policy and economic policy,” says Karen Musalo, director of the Center for Gender and Refugee Studies at the UC Hastings College of the Law.
She hopes the conversation is candid and honest between the leaders.
But it’s up to Congress to decide whether it will approve anything at all before it heads off for Summer recess.
Friday, July 25, 2014 5:00am
It's time for Silicon Tally. How well have you kept up with the week in tech news?
December 16, 2013