Archive for the ‘Shortage’ Category

Keep Calm, It’s Just The Bullwhip Effect   Leave a comment

Link: https://www.npr.org/2021/10/20/1047777081/keep-calm-its-just-the-bullwhip-effect

As we already know, the whole world is struggling to get items shipped to distributors because of supply chain issues. The Beergame App, created by logistics expert Mathais Le Scaon, uses the demand of cases of beer to demonstrate the bullwhip effect, where small fluctuations in demand at the retail level cause increasing larger fluctuations up the supply chain. After participating in the game, members of tPlanet Money’s indicator team find that fixing the supply chain is no simple task.

Original Air Date: October 20, 2021

Length: 9 minutes 52 seconds

Blood money   Leave a comment

Link: https://www.npr.org/2021/05/14/996921658/blood-money

The United States provides two thirds of the world’s blood plasma and incentivizes donors with money each time they donate. The more they donate, the more money they receive which is something the World Health Organization and many other countries are against. When discussing the moral issues of paying donors, a doctor from Brazil argues that moral implications are the least of our worries when a shortage of blood plasma could be a death sentence for his patients.

Original Air Date: May 14, 2021

Length: 26 minutes 46 seconds

Posted November 4, 2021 by fiorinio in Ethics, Health economics, Shortage

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Chips, Cars, and the Baby Bust   Leave a comment

Link: https://www.npr.org/2021/03/12/976569019/chips-cars-and-the-baby-bust

In 2020, everyone, no matter their involvement with economics, knew what a shortage was. Toilet paper was gone from the shelves before it was even able to be stocked in stores. In 2021, there are some new shortages the U.S. is facing: microchips, cars, and babies. The Indicator discusses the causes of the limited supply of microchips which in turn is limiting car production, as well as the declining birth rate that the U.S. will face as a result of the pandemic.

Original Air Date: March 12, 2021

Length: 9 minutes 33 seconds

The Race to Make Ventilators   Leave a comment

Link: https://www.npr.org/2020/03/31/824886286/episode-987-the-race-to-make-ventilators

In the wake of the Covid-19 crisis, the healthcare industry is experiencing a shortage of ventilators. Without increased production, hundreds of thousands of individuals will die. Now, companies that have little to no experience producing ventilators are beginning to help supply them.

Original Air Date: March 31, 2020

Length: 24 minutes 3 seconds

Discussion Prompt: In what ways does this policy align with economic thinking? In what ways is it ‘out of step’ with economic thinking? Is this the most efficient way to produce ventilators, at least for the time being? How can the government incentivize companies to stay open and help produce parts for ventilators during this time? 

Northern California Wildfires Destroy Thousands Of Businesses   Leave a comment

4971832860_8c25345e37_zLink: http://www.npr.org/2017/10/12/557444669/northern-california-wildfires-destroy-thousands-of-businesses

Summary: There are many factors that can damage businesses, but not all businesses can say that mother nature is a leading factor in disrupting their operations. Winery businesses located in Sonoma and Napa counties are the main focus of this podcast, discussing how Northern California wildfires have made business owners realize just how detrimental they are to not only the future of their businesses, but to them and their employees as well.

Original Air Date: October 12, 2017

Length: 3 minutes 34 seconds

Why can’t small businesses find qualified employees?   Leave a comment

Link: http://www.marketplace.org/2016/04/04/business/why-can-t-small-businesses-find-qualified-employees

Summary: Small businesses are struggling to find qualified workers to fill vacant positions, especially in the manufacturing sector. The vacancies in these positions are forcing businesses to consider new hiring approaches that come at a high price for owners.

Original Air Date: April 8, 2016

Length: Article

Oil pushes out Venezuela’s agriculture   Leave a comment

Link: http://www.marketplace.org/2016/04/18/world/resource-curse/venezuela-ranchers

Summary: Venezuela’s oil dependent economy imports nearly 80% of its food, which is particularly worrisome  when oil prices are at an all time low.

Original Air Date: April 18, 2016

Length: 4 minutes 46 seconds

Happy Saudi cows eat California alfalfa   Leave a comment

TO GO WITH AFP STORY BY AMMAR KARIM An I

Link: http://www.marketplace.org/2016/03/28/world/happy-saudi-cows-eating-california-alfalfa

Summary: A Saudi dairy company, Almarai, bought a total of 14,000 acres of land across Arizona and California with the intentions of growing alfalfa, a water intensive crop.  Almarai plans to export the U.S. grown alfalfa back to Saudi Arabia to be used as fodder.

Original Air Date: April 6, 2016

Length: 2 minutes 22 seconds

Venezuela’s economy, as told by a hot dog   Leave a comment

venezuelaLink: http://www.marketplace.org/2016/03/21/world/venezuela-hot-dog

Summary: Marketplace breaks down the complexities of the Venezuelan economy using the local pepito as a metaphor to explore inflation and the impacts of an oil-dependent economy.

Original Air Date: March 23, 2016

Length: 3 minutes 16 seconds

Can you encrypt data? Then I’ve got a job for you!   Leave a comment

NEW YORK, NY - FEBRUARY 23: A protestor holds up an iPhone that reads, "No Entry" outside of the the Apple store on 5th Avenue on February 23, 2016 in New York City. Protestors gathered to support Apple's decision to resist the FBI's pressure to build a "backdoor" to the iPhone of Syed Rizwan, one of the two San Bernardino shooters. (Photo by Bryan Thomas/Getty Images)

Link: http://http://www.marketplace.org/2016/02/25/tech/can-you-encrypt-data-then-ive-got-job-you

Summary: With the growing threat of cyber security, individuals with expertise in security and encryption are in high demand from financial, health, automobile, and tech industries.

Original Air Date: February 25, 2016

Length: 3:55