Archive for the ‘Efficiency’ Category

Uploading the Human Mind to a Machine   Leave a comment

SPAIN-TECHNOLOGY-ROBOTLink: https://www.marketplace.org/shows/marketplace-tech/2017-03-23

Summary: Technology has become increasingly present in various markets.  ESports is an up and coming sports league that is centered around video games, and artificial intelligence involves uploading the human mind into a machine.  These are two recent trends in the technology sector that Marketplace discusses in this podcast.

Original Air Date: March 23, 2017

Length: 7 minutes 12 seconds

Discussion Question: How does advancing technology impact jobs? What effect does it have on unemployment, if any at all?

Eagles vs. Chickens   Leave a comment

white-oak-pastures-bald-eagles-3-2--8a659fb85864863fa192f7d90300cd9bfecde5b2-s1600-c85.jfifLink: http://www.npr.org/sections/money/2017/02/03/513302816/episode-752-eagles-vs-chickens

Summary: One farmer had what seemed like a great environmentally conscious plan to fertilize his soil.  However, Eagles threw his plan of offering Whole foods consumers organic chicken into disarray.  Planet Money discusses how the unintended consequences impacted farmer’s plan.

Original Air Date: February 3, 2017

Length: 17 minutes 28 seconds

Discussion Question: What were the unintended consequences of the farmer’s choice to use chickens to fertilize the soil? Explain how unintended consequences are important to economics.

A New 3-D Pen Lets Kids Create Their Own Toys   Leave a comment

3DoodlerSeaLink: https://www.marketplace.org/2017/02/22/tech/3d-pen-kids-wins-best-toy-award-toy-fair-2017

Summary: Educational technology toys are a hot new trend in the toy market.  One company, Bogue, introduced a new concept allowing kids to create their own toys through a 3-D printer.  Marketplace introduces how Bogue is competing with giant toy companies.

Original Air Date: February 22, 2017

Length: 3 minutes 15 seconds

Discussion Question: What are some of the advantages and disadvantages Bogue has with creating a new category in the market? How does this impact competition?

Amy and Steve vs. Facebook   Leave a comment

steve-vachani-aaac7eaec0e94572b032af008f67b6dadefe20e4-s1600-c85.jfifLink: http://www.npr.org/sections/money/2016/12/09/504999255/episode-741-amy-and-steve-vs-facebook

Summary: When social media was beginning to explode in the mid 2000’s, Steve had an idea that would eliminate having to login into three different sites with different usernames and passwords.  One problem: Facebook sued, causing a lengthy legal battle that impacts everyone.  Planet Money investigates how Steve and a $55 per hour lawyer took on Facebook and their $1000 per hour lawyers.

Original Air Date: December 9, 2016

Length: 18 minutes 9 seconds

Bell Wars   Leave a comment

both-bells-eadbe97bd81b9c768a75b50f4ba759ed4e4ad692-s1600-c85.jfifLink: http://www.npr.org/sections/money/2016/12/14/505556945/episode-592-bell-wars

Summary: Bells are heard every year at Christmas time, but you would have a hard time distinguishing the difference between the two main companies who make them.  Planet Money investigates how two bell companies were at war for decades over who’s bell sounded best.  As the war affected the sales, engineering, and legal sides of the business, this fierce competition has an unlikely result.

Original Air Date: December 14, 2016

Length: 19 minutes 28 seconds

The Bees go to California   Leave a comment

bees-6bb12f86c978790d3ce3f4f7c9fd448957f4461f-s1600-c85.jfifLink: http://www.npr.org/sections/money/2017/02/24/517076055/episode-756-the-bees-go-to-california

Summary: Bee stings hurt, but without bees, fruits and nuts wouldn’t be possible.  Every year, millions of bees travel from the east to California to pollinate fields.  Planet Money researches this unique business and how efficient trucking bees from Louisiana to California really is.

Original Air Date: February 24, 2017

Length: 22 minutes 54 seconds

Lance Armstrong and the Business of Doping   Leave a comment

ap_lancearmstrong_webimage-c6dda44fa3de77fde1ceace1025a651fd9438ca5-s1600-c85.jfifLink: http://www.npr.org/sections/money/2016/04/27/475929464/episode-417-lance-armstrong-and-the-business-of-doping

Summary: Back in the 2000’s, Lance Armstrong and the US Postal Service Cycling team were going all out to win the Tour de France.  After the doping scandal was uncovered, the business behind the team was discovered.  Planet Money discusses how professional cycling was dominated by doping, and how it was set up like a business.

Original Air Date: April 27, 2016

Length: 18 minutes 25 seconds