Bitcoin, election anxiety and second passports
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 3 August 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
Instead of buying another Porsche, some of the mega-rich are dropping $100,000 on new citizenship. These citizenship by investment programs have gained popularity since the 2020 election and pandemic, especially among bitcoin investors. Today, we delve into “the ultimate hedge” for wealthy Americans. Plus, why an uptick in productivity is good news for the inflation fight, and what to make of a slowdown in manufacturing.
Transcript
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| 0:00.0 | Marketplace Morning reports new Skin in the Game series explores what we can learn about |
| 0:04.5 | money and careers from the $300 billion video game industry. |
| 0:09.4 | Plus here how an Oakland-based program helps young people get the skills they need to break |
| 0:14.0 | into this booming industry. |
| 0:16.0 | Listen to Skin in the Game and more from the Marketplace Morning report wherever you get |
| 0:20.5 | your podcasts. |
| 0:22.7 | Are you one of those people who checks off everything on their daily to-do list? |
| 0:28.7 | Well increasingly, American workers are those kinds of people. |
| 0:33.4 | From American public media, this is Marketplace. |
| 0:37.8 | In Los Angeles, I'm Kai, Rizdole. |
| 0:48.6 | It is Thursday, today, August, the third, good as always, to have you along, everybody. |
| 0:54.3 | Our lead story today comes in the form of a formula. |
| 0:59.0 | It is widgets produced per hour worked. |
| 1:02.9 | That is almost literally how the labor department comes up with its quarterly report on worker |
| 1:07.9 | productivity in this economy said report landed this morning. |
| 1:12.2 | And in fact, we were all a little bit more productive in the second quarter than we |
| 1:15.7 | were in the first 3.7% more productive at an annual rate. |
| 1:20.2 | Should you be curious? |
| 1:21.6 | And as Marketplace is just in whole reports to get us going here at the top of the show, |
| 1:24.9 | both key components of that formula, how much stuff we're making and how long it has |
| 1:29.4 | taken us to do it, are moving in the right direction. |
| 1:32.8 | The labor department says worker output rose in the second quarter. |
... |
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