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Marketplace All-in-One

When your barber is also your banker

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 7 March 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

As part of this month’s Econ Extra Credit series, we’re watching Oscar-nominated documentary shorts. On today’s show, we’re focusing on “The Barber of Little Rock.” The film follows Arlo Washington on his quest to fight economic inequality in Arkansas, where he founded a barber school and a nonprofit loan fund. Today, we’ll hear Washington’s conversation with “Marketplace Morning Report” host David Brancaccio. But first, the number of cybercrimes reported to the FBI is spiking.

Transcript

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0:00.0

Internet enabled swindlers are coming off a banner year.

0:05.0

I'm David Brancatrio. In New York, the number of cyber crimes reported to the FBI is

0:11.1

spiking. The feds calculate people lost nearly 13 billion dollars

0:15.4

last year up 20% in a year and while corporate ransomware attacks like the

0:21.0

reason one on United Health gets so much attention, the vast

0:24.1

majority of cybercrime is simpler. Marketplace's Nova-Safo has some details.

0:28.0

The FBI says investment fraud schemes often involving

0:31.4

cryptocurrencies and targeting 30 to 49-year-olds make up the schemes often Meanwhile the elderly are often targeted by tech support scams and

0:44.3

businesses tend to most often fall victim to email compromises in which

0:48.6

criminals use internal accounts to transfer funds. The FBI says organizations categorize this critical infrastructure

0:55.3

have seen a lot of ransomware attacks in sectors such as health care, emergency services,

1:00.1

and water systems. I'm Nova Softel for Marketplace.

1:04.0

The U.S. House of Representatives yesterday passed a $460 billion spending bill to fund about half

1:09.4

the federal government through September 30th, the end of the accounting year.

1:13.9

The Senate is expected to consider this before the deadline of midnight tomorrow.

1:18.1

Lawmakers are still negotiating a second batch to fund the other part of the government, which Congress has to pass by March 22nd. And the For Econ, Con Extra Credit this month, we're watching the Oscar-nominated documentary shorts.

1:50.6

A lot of good ones, we'll see which film gets the Academy Award on Sunday.

1:54.6

Here today, we're focusing on one of the docks full of marketplace themes.

1:58.9

It's called The Barber of Little Rock, directed by John Hoffman and Christine Turner.

2:03.8

It follows Arlo Washington on his quest to fight economic inequality in Arkansas in multiple

2:09.0

ways.

2:10.0

Washington is co-founder of a barber school, and he's also the founder of a nonprofit loan

...

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