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In this interview, I speak with Fabrice Grinda, a founder of FJ Labs. With over a thousand unique investments made across different life cycles of FJ funds, Fabrice shares his Marketplace-centric approach to investing, and the importance of investing in extraordinary people who are trying to solve the world's problems. Fabrice also talks about his accidental transition from being a tech founder and CEO to becoming a VC and why he chooses to invest in network effect businesses and marketplaces. Throughout the interview, Fabrice discuss various topics related to investing in marketplaces, including investing in marketplaces all over the spectrum from B2C to B2B, both product and service-oriented platforms. This interview is packed with valuable insights for anyone interested in the world of marketplaces and VC investing! Fabrice talks about how he believes B2B marketplaces are at the very beginning of their journey both in the US and globally. Fabrice highlights that the penetration of digital is very low in B2B and about how the entire supply chain needs to be digitized, including ERP integration, payments tracking, and how suppliers are involved. Grinda suggests that in some cases, the elasticity of supply and/or demand is such that a platform cannot have a take rate. Fabrice suggests that there are many tricks to making B2B marketplaces work, such as offering a free tool to the supply side or demand side to help them manage their business better. Also highlighted, that monetization of B2B marketplaces may not come from the transaction of the marketplace component. Instead, B2B marketplaces may monetize through SaaS or by offering ancillary services for insurance, factoring, or logistics. Fabrice gives an example of a hairdresser and barber shop marketplace that grew to a volume of billions of annual GMV and monetized by getting an extraordinary deal on payments and sharing part of that discount with the barber shops. #venturecapital #marketplaces #investorinsights —
Earlier today, Gov. Gavin Newsom announced California would be joining the slew of states that are offering incentives to encourage vaccinations, which have been steadily declining. Folks who have already gotten their shots are also eligible for the prizes, which range from a $50 grocery card to a grand prize of $1.5 million. Plus, a big boost in crypto, big moves in the Indy 500, and AMC to the mooooon! Here’s everything we talked about on today’s show: California launches incentive program for COVID vaccinations from the Los Angeles Times a16z Crypto Fund Balloons to $2 Billion from Newcomer AMC Stock Is Soaring, Leaving GameStop in the Dust from Barron’s On This Indianapolis 500 Team, the Boss Is a Woman. So Is the Driver. And the Mechanic. And the Engineer. from The Wall Street Journal Industry groups sue to stop Florida’s new social media law from The Verge “Make Me Smart” is powered by listeners like you. Become a Marketplace Investor today to help us reach our fundraising goal: marketplace.com/givesmart
Earlier today, Gov. Gavin Newsom announced California would be joining the slew of states that are offering incentives to encourage vaccinations, which have been steadily declining. Folks who have already gotten their shots are also eligible for the prizes, which range from a $50 grocery card to a grand prize of $1.5 million. Plus, a big boost in crypto, big moves in the Indy 500, and AMC to the mooooon! Here’s everything we talked about on today’s show: California launches incentive program for COVID vaccinations from the Los Angeles Times a16z Crypto Fund Balloons to $2 Billion from Newcomer AMC Stock Is Soaring, Leaving GameStop in the Dust from Barron’s On This Indianapolis 500 Team, the Boss Is a Woman. So Is the Driver. And the Mechanic. And the Engineer. from The Wall Street Journal Industry groups sue to stop Florida’s new social media law from The Verge “Make Me Smart” is powered by listeners like you. Become a Marketplace Investor today to help us reach our fundraising goal: marketplace.com/givesmart
From the BBC World Service: Iran’s President Hassan Rouhani told a cabinet meeting that the main cause of the blackouts was a drought that had affected hydroelectric power generation. But he also said that cryptocurrency mining, 85% of which is unlicensed, was draining more than 2 gigawatts from the grid each day. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/givemorning
Activist hedge fund Engine No. 1, pushing for a change in Exxon Mobil’s climate strategy, got enough support from other shareholders to win at least two seats on the oil and gas company’s board. These types of challenges from activist investors tend not to get far. Plus, for the first time since President Joe Biden took office, the top trade representatives from the U.S. and China are talking. And, a study on the need for better, higher-paying jobs for young women as the pandemic recession recovery continues. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/givemorning
From the BBC World Service: Iran’s President Hassan Rouhani told a cabinet meeting that the main cause of the blackouts was a drought that had affected hydroelectric power generation. But he also said that cryptocurrency mining, 85% of which is unlicensed, was draining more than 2 gigawatts from the grid each day. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/givemorning
It’s a big news week for Amazon. First, it got sued by the District of Columbia on antitrust grounds. The lawsuit accuses the company of preventing sellers on its marketplace from offering better prices elsewhere. Then, in another part of its business, Amazon announced that it was acquiring one of the world’s oldest film studios, MGM, which was founded in 1924. So even as big as Amazon is, it just keeps getting bigger, but not in one single market. “Marketplace Tech” host Molly Wood speaks with Rebecca Allensworth, a law professor at Vanderbilt University. She said that makes antitrust enforcement tricky and that it reminds her of another old company: Standard Oil. Your support makes our journalism possible — become a Marketplace Investor by Thursday to help us reach our fundraising goal: marketplace.org/givetech
Winter is coming — eventually. Hopefully there’ll be plenty of cheer, but what about discount electronics? We answer one listener’s question about how the chip shortage will affect the holiday shopping season. Plus, Florida takes on tech, and the return of the dual voice memo! Here’s everything we talked about on the show today: “Chip shortage hitting just about anything with a plug or battery” from “Marketplace” How the global chip shortage could ruin Black Friday from Protocol Florida Fines Social Media Companies for Banning Candidates from The New York Times Florida’s New Social Media Bill May Be Laughed Out of Court from Wired “The Coming Currency War” from The Wall Street Journal “Still Getting Your Head Around Digital Currency? So Are Central Bankers” from The New York Times “China leads the digital currency pack. Do we need to keep up?” from “Marketplace Tech” Make Me Smart is powered by listeners like you. Become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.com/givesmart
Eighth Generation is a retailer that had to close its Seattle store early in the pandemic but blossomed online. It features wool blankets and other items produced by Native artists. Also, more signs of recovery in new data on orders for long-lasting goods and weekly unemployment aid claims. And, bank profits were up nearly 30% in the first quarter this year, but the same report finds lending fell, driven by a drop in credit card balances. We take a closer look at how consumers are spending. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/givemorning
Winter is coming — eventually. Hopefully there’ll be plenty of cheer, but what about discount electronics? We answer one listener’s question about how the chip shortage will affect the holiday shopping season. Plus, Florida takes on tech, and the return of the dual voice memo! Here’s everything we talked about on the show today: “Chip shortage hitting just about anything with a plug or battery” from “Marketplace” How the global chip shortage could ruin Black Friday from Protocol Florida Fines Social Media Companies for Banning Candidates from The New York Times Florida’s New Social Media Bill May Be Laughed Out of Court from Wired “The Coming Currency War” from The Wall Street Journal “Still Getting Your Head Around Digital Currency? So Are Central Bankers” from The New York Times “China leads the digital currency pack. Do we need to keep up?” from “Marketplace Tech” Make Me Smart is powered by listeners like you. Become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.com/givesmart
Activist hedge fund Engine No. 1, pushing for a change in Exxon Mobil’s climate strategy, got enough support from other shareholders to win at least two seats on the oil and gas company’s board. These types of challenges from activist investors tend not to get far. Plus, for the first time since President Joe Biden took office, the top trade representatives from the U.S. and China are talking. And, a study on the need for better, higher-paying jobs for young women as the pandemic recession recovery continues. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/givemorning
It’s a big news week for Amazon. First, it got sued by the District of Columbia on antitrust grounds. The lawsuit accuses the company of preventing sellers on its marketplace from offering better prices elsewhere. Then, in another part of its business, Amazon announced that it was acquiring one of the world’s oldest film studios, MGM, which was founded in 1924. So even as big as Amazon is, it just keeps getting bigger, but not in one single market. “Marketplace Tech” host Molly Wood speaks with Rebecca Allensworth, a law professor at Vanderbilt University. She said that makes antitrust enforcement tricky and that it reminds her of another old company: Standard Oil. Your support makes our journalism possible — become a Marketplace Investor by Thursday to help us reach our fundraising goal: marketplace.org/givetech
Planning on renting a car this Memorial Day weekend? It’s going to cost you. A lot of people have been unpleasantly surprised lately when trying to book rental cars, with average rates now topping out around $134 a day. On today’s show: Three reasons why rental car prices are surging. Also on the show: Nearly half of U.S. states are cutting federal jobless benefits short, what corporate governance has to do with climate change, and we take a tour of a “ghost kitchen.” Your support powers nonprofit news. Become a Marketplace Investor today to help us reach our fundraising goal: marketplace.org/donate
Planning on renting a car this Memorial Day weekend? It’s going to cost you. A lot of people have been unpleasantly surprised lately when trying to book rental cars, with average rates now topping out around $134 a day. On today’s show: Three reasons why rental car prices are surging. Also on the show: Nearly half of U.S. states are cutting federal jobless benefits short, what corporate governance has to do with climate change, and we take a tour of a “ghost kitchen.” Your support powers nonprofit news. Become a Marketplace Investor today to help us reach our fundraising goal: marketplace.org/donate
It’s a big news week for Amazon. First, it got sued by the District of Columbia on antitrust grounds. The lawsuit accuses the company of preventing sellers on its marketplace from offering better prices elsewhere. Then, in another part of its business, Amazon announced that it was acquiring one of the world’s oldest film studios, MGM, which was founded in 1924. So even as big as Amazon is, it just keeps getting bigger, but not in one single market. “Marketplace Tech” host Molly Wood speaks with Rebecca Allensworth, a law professor at Vanderbilt University. She said that makes antitrust enforcement tricky and that it reminds her of another old company: Standard Oil. Your support makes our journalism possible — become a Marketplace Investor by Thursday to help us reach our fundraising goal: marketplace.org/givetech
It’s a big news week for Amazon. First, it got sued by the District of Columbia on antitrust grounds. The lawsuit accuses the company of preventing sellers on its marketplace from offering better prices elsewhere. Then, in another part of its business, Amazon announced that it was acquiring one of the world’s oldest film studios, MGM, which was founded in 1924. So even as big as Amazon is, it just keeps getting bigger, but not in one single market. “Marketplace Tech” host Molly Wood speaks with Rebecca Allensworth, a law professor at Vanderbilt University. She said that makes antitrust enforcement tricky and that it reminds her of another old company: Standard Oil. Your support makes our journalism possible — become a Marketplace Investor by Thursday to help us reach our fundraising goal: marketplace.org/givetech
Eighth Generation is a retailer that had to close its Seattle store early in the pandemic but blossomed online. It features wool blankets and other items produced by Native artists. Also, more signs of recovery in new data on orders for long-lasting goods and weekly unemployment aid claims. And, bank profits were up nearly 30% in the first quarter this year, but the same report finds lending fell, driven by a drop in credit card balances. We take a closer look at how consumers are spending. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/givemorning
Legal arguments between Apple and Epic Games wound down this week in federal court. Some have called it the Super Bowl of antitrust cases. No flashy halftime show, though, but the trial did have mighty opponents, wild fans and a whole lot of cash. Epic, the maker of the video game Fortnite, argues Apple’s whole operating system is a monopoly and complains about the 30% cut of app sales it takes. But Apple says its tight controls ensure the security of apps in its store. A decision isn’t expected anytime soon. Marketplace’s Meghan McCarty Carino asked Adi Robertson, a senior reporter with the Verge, what we can take away from the case. Your support makes our journalism possible — become a Marketplace Investor by Thursday to help us reach our fundraising goal: marketplace.org/givetech
From the BBC World Service: Companies could be blocked from listing on the London Stock Exchange on national security grounds, under new rules being considered by the U.K. Treasury. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/givemorning
We visit the airfield hangar at Fort Campbell, Kentucky, for a look at how military leaders are trying to convince soldiers to get vaccinated. Plus, the CEOs of big banks are testifying in Congress this week. We preview what they’ll be talking about. And, with more people out and about, the beauty market is rebounding. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/givemorning
The District of Columbia is suing Amazon for allegedly fixing online prices at the expense of consumers. Plus, evidence that investors are seemingly less worried about inflation this week — at least so far. And, a new health care challenge is brewing: The part of Medicare that covers hospitalizations, hospice and skilled nursing is projected to become insolvent sooner than expected. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/givemorning
It’s clear now that the pandemic has disproportionately affected women when it comes to employment. About 2.8 million women have left the labor force since COVID-19 hit in March 2020, compared to 2.4 million men. And there are a lot of obstacles preventing women from returning to work. On today’s show, we hear about one woman’s struggle to overcome long-term unemployment. Also on the show: Amazon is buying MGM Studios for $8.45 billion, how the role of chief sustainability officer is changing, and a look at the history of the Dow Jones Industrial Average on its 125th birthday. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/donate
Legal arguments between Apple and Epic Games wound down this week in federal court. Some have called it the Super Bowl of antitrust cases. No flashy halftime show, though, but the trial did have mighty opponents, wild fans and a whole lot of cash. Epic, the maker of the video game Fortnite, argues Apple's whole operating system is a monopoly and complains about the 30% cut of app sales it takes. But Apple says its tight controls ensure the security of apps in its store. A decision isn’t expected anytime soon. Marketplace’s Meghan McCarty Carino asked Adi Robertson, a senior reporter with the Verge, what we can take away from the case. Your support makes our journalism possible — become a Marketplace Investor by Thursday to help us reach our fundraising goal: marketplace.org/givetech
Legal arguments between Apple and Epic Games wound down this week in federal court. Some have called it the Super Bowl of antitrust cases. No flashy halftime show, though, but the trial did have mighty opponents, wild fans and a whole lot of cash. Epic, the maker of the video game Fortnite, argues Apple's whole operating system is a monopoly and complains about the 30% cut of app sales it takes. But Apple says its tight controls ensure the security of apps in its store. A decision isn’t expected anytime soon. Marketplace’s Meghan McCarty Carino asked Adi Robertson, a senior reporter with the Verge, what we can take away from the case. Your support makes our journalism possible — become a Marketplace Investor by Thursday to help us reach our fundraising goal: marketplace.org/givetech
Legal arguments between Apple and Epic Games wound down this week in federal court. Some have called it the Super Bowl of antitrust cases. No flashy halftime show, though, but the trial did have mighty opponents, wild fans and a whole lot of cash. Epic, the maker of the video game Fortnite, argues Apple’s whole operating system is a monopoly and complains about the 30% cut of app sales it takes. But Apple says its tight controls ensure the security of apps in its store. A decision isn’t expected anytime soon. Marketplace’s Meghan McCarty Carino asked Adi Robertson, a senior reporter with the Verge, what we can take away from the case. Your support makes our journalism possible — become a Marketplace Investor by Thursday to help us reach our fundraising goal: marketplace.org/givetech
We visit the airfield hangar at Fort Campbell, Kentucky, for a look at how military leaders are trying to convince soldiers to get vaccinated. Plus, the CEOs of big banks are testifying in Congress this week. We preview what they’ll be talking about. And, with more people out and about, the beauty market is rebounding. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/givemorning
The District of Columbia is suing Amazon for allegedly fixing online prices at the expense of consumers. Plus, evidence that investors are seemingly less worried about inflation this week — at least so far. And, a new health care challenge is brewing: The part of Medicare that covers hospitalizations, hospice and skilled nursing is projected to become insolvent sooner than expected. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/givemorning
It’s clear now that the pandemic has disproportionately affected women when it comes to employment. About 2.8 million women have left the labor force since COVID-19 hit in March 2020, compared to 2.4 million men. And there are a lot of obstacles preventing women from returning to work. On today’s show, we hear about one woman’s struggle to overcome long-term unemployment. Also on the show: Amazon is buying MGM Studios for $8.45 billion, how the role of chief sustainability officer is changing, and a look at the history of the Dow Jones Industrial Average on its 125th birthday. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/donate
From the BBC World Service: Companies could be blocked from listing on the London Stock Exchange on national security grounds, under new rules being considered by the U.K. Treasury. Your support powers nonprofit news — become a Marketplace Investor before Thursday to help us reach our fundraising goal: marketplace.org/givemorning
More than 11,000 gas stations are still out of gas, including over half those in North Carolina and nearly 70% of the stations in Washington, D.C. This comes five days after the Colonial Pipeline resumed operations after a ransomware hack forced a shutdown. Congress will begin pushing forward a pipeline-security bill Tuesday to prevent future outages, but some say it lacks adequate safeguards. And pipeline companies aren’t exactly on board. Also on today’s show: AT&T is merging media operations with Discovery, public-transit systems try to lure riders back and a conversation about internet access with the acting chair of the Federal Communications Commission. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/donate
From the BBC World Service: The Serum Institute, which is the largest single supplier to the initiative, hasn’t made any of its deliveries since March amid India’s ongoing health crisis. Now COVAX is short 140 million doses for developing countries. Plus, India’s hotels and restaurants say the hospitality sector will crumble without immediate economic relief. And Portugal’s bars, hotels and tour operators gear up for vacation season. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
More than 11,000 gas stations are still out of gas, including over half those in North Carolina and nearly 70% of the stations in Washington, D.C. This comes five days after the Colonial Pipeline resumed operations after a ransomware hack forced a shutdown. Congress will begin pushing forward a pipeline-security bill Tuesday to prevent future outages, but some say it lacks adequate safeguards. And pipeline companies aren’t exactly on board. Also on today’s show: AT&T is merging media operations with Discovery, public-transit systems try to lure riders back and a conversation about internet access with the acting chair of the Federal Communications Commission. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/donate
Consumers appear to be finding electric and hybrid cars more appealing, especially in the wake of the Coastal Pipeline news. Julia Coronado drops in to discuss the markets, and we talk Twinkies, Ding Dongs and Donettes as they relate to inflation. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
The IRS is facing a massive backlog due to the pandemic. Also, there has been a massive jump in demand for workers to the point where jobs are returning faster than people can fill them. And in the age of online banking, why does Citibank want to open new branches? Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
Consumers appear to be finding electric and hybrid cars more appealing, especially in the wake of the Coastal Pipeline news. Julia Coronado drops in to discuss the markets, and we talk Twinkies, Ding Dongs and Donettes as they relate to inflation. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
From the BBC World Service: The Serum Institute, which is the largest single supplier to the initiative, hasn’t made any of its deliveries since March amid India’s ongoing health crisis. Now COVAX is short 140 million doses for developing countries. Plus, India’s hotels and restaurants say the hospitality sector will crumble without immediate economic relief. And Portugal’s bars, hotels and tour operators gear up for vacation season. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
The IRS is facing a massive backlog due to the pandemic. Also, there has been a massive jump in demand for workers to the point where jobs are returning faster than people can fill them. And in the age of online banking, why does Citibank want to open new branches? Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
Several news organizations are reporting that Colonial Pipeline did pay hackers ransom to regain control of their data and their systems, reportedly something in the $5 million range. And, people are buying cars at a near-record pace, if you can find them. The low supply and high prices are related to the global semiconductor chip shortage. There’s still no definitive timeline for when that shortage could end. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
We got some inflation news this week, with consumer prices up 4.2% year over year. Retail sales in April were flat: 0% growth. And the latest $1,400 round of stimulus checks boosted Americans’ bank accounts. On today’s show: What all that means for economic recovery. Also, how retail workers are navigating new mask guidance from the Centers for Disease Control and Prevention, how Biden’s global tax plan will affect his beloved Ireland, and why a northern Michigan retailer is banking on a summer with lots of foot traffic. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/donate
We got some inflation news this week, with consumer prices up 4.2% year over year. Retail sales in April were flat: 0% growth. And the latest $1,400 round of stimulus checks boosted Americans’ bank accounts. On today’s show: What all that means for economic recovery. Also, how retail workers are navigating new mask guidance from the Centers for Disease Control and Prevention, how Biden’s global tax plan will affect his beloved Ireland, and why a northern Michigan retailer is banking on a summer with lots of foot traffic. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/donate
From the BBC World Service: The Bank of England’s chief economist Andy Haldane thinks so, but there’s a risk that boom could turn to bust. Plus, a Turkish power company which provides a quarter of Lebanon’s electricity has cut supplies from its offshore generators. And, the creator of the Ethereum cryptocurrency believes a new generation of environmentally friendly tokens is on the way. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
What can businesses ask of their customers? And what can employers ask of their workers? We start to sort it out. Plus, hospital appointments are disrupted by a ransomware attack on Ireland’s health service. And, in the U.K., much like in the U.S., worries about higher inflation are creeping up along with increases in consumer demand and wages. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
Several news organizations are reporting that Colonial Pipeline did pay hackers ransom to regain control of their data and their systems, reportedly something in the $5 million range. And, people are buying cars at a near-record pace, if you can find them. The low supply and high prices are related to the global semiconductor chip shortage. There’s still no definitive timeline for when that shortage could end. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
From the BBC World Service: The Bank of England’s chief economist Andy Haldane thinks so, but there’s a risk that boom could turn to bust. Plus, a Turkish power company which provides a quarter of Lebanon’s electricity has cut supplies from its offshore generators. And, the creator of the Ethereum cryptocurrency believes a new generation of environmentally friendly tokens is on the way. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
What can businesses ask of their customers? And what can employers ask of their workers? We start to sort it out. Plus, hospital appointments are disrupted by a ransomware attack on Ireland’s health service. And, in the U.K., much like in the U.S., worries about higher inflation are creeping up along with increases in consumer demand and wages. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
From the BBC World Service: As Lebanon struggles with triple-digit inflation and a sharply rising poverty rate, people making festive maamoul cookies are changing their recipes due to rising food prices. Also, a spike in U.S. inflation last month is rattling global markets. And, Brazil’s Parliament is asking why a contract offer from Pfizer to buy doses of its vaccine was ignored for two months. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
As fallout from the Colonial Pipeline ransomware attack continues, demand is growing for cybersecurity experts. But there aren’t enough to go around. Plus, you can no longer buy a Tesla with Bitcoin. And, fierce competition among real estate brokerages in this hot housing market. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning
“They are desperate,” said one labor market expert. “They” being businesses struggling to find workers — despite the 10 million unemployed Americans — as the economy continues to open back up. So some businesses are offering higher wages, including Chipotle and McDonald’s. But the thing about raising wages: You can’t really “unraise” them. Also on the show today: Congressional earmarks are back, what love letters have to do with buying a house, and we check in with students who had their student loans paid off by a billionaire. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/donate
“They are desperate,” said one labor market expert. “They” being businesses struggling to find workers — despite the 10 million unemployed Americans — as the economy continues to open back up. So some businesses are offering higher wages, including Chipotle and McDonald’s. But the thing about raising wages: You can’t really “unraise” them. Also on the show today: Congressional earmarks are back, what love letters have to do with buying a house, and we check in with students who had their student loans paid off by a billionaire. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/donate
We take a closer look at what’s been done with stores like J.C. Penney, Petco and Guitar Center to keep them in business when they’re at risk of failing. Plus, add the Colonial Pipeline shutdown to the list of challenges truck drivers have been facing over the past year. And, another key inflation gauge shows prices are rising. Donations from listeners power our nonprofit news. Your gift will support the journalism that keeps you and thousands of others informed every day. Become a Marketplace Investor: marketplace.org/givemorning