Continuing Marketplace's "Big Ideas" series, Starbucks CEO Howard Schultz stops by to talk about the principles that guide the coffee company's strategy. Hear the full interview in today's mid-day update.
President François Hollande said that all 116 people died and that one black box had been recovered. France's interior minister said weather likely contributed to the crash.
In the wake of Arizona's botched execution, Steve Inskeep talks with Amherst professor Austin Sarat, author of the recent book Gruesome Spectacles: Botched Executions and America's Death Penalty.
Private space transport company SpaceX announced a notable success recently: it soft-landed a Falcon 9 rocket in the Atlantic Ocean after it successfuly re-entered earth's atmosphere.
It's a significant development in that spacecrafts tend to be only good for one-time use. SpaceX president and COO Gwynne Shotwell is someone who's looking closely at space travel in the future. She says the next step in the evolution of space travel is rapid and complete reusability:
"What would air travel look like if airplanes were thrown out after each flight? No one would be flying in airplanes. We want to be able to re-use rapidly, just like an airplane."
It's a process that Shotwell thinks is inevitable, and in a lot of ways, just makes logical sense:
"From my perspective, it's really risk management, to ensure that humans have the ability to go somewhere else in case there were to be some huge disaster on earth."
Click the media player above to hear SpaceX president and COO Gwynne Shotwell in conversation with Marketplace Tech host Ben Johnson.
CORRECTION: An earlier version of this story incorrectly spelled Gwynne Shotwell's name. The text has been corrected.
Howard Schultz believes in ensuring his company's success not only in front of the counter with consumers, but also behind it, with his employees.
Schultz is the chairman, president and CEO of Starbucks. He first joined the company in 1982 as the director of operations and marketing. At the time, Starbucks had been around a little over a decade, and was a young company with only four stores. A little more than three decades later, the company has established itself as what Schultz calls "the ultimate purveyor of coffee" with close to 21,000 stores in more than 65 countries.
Schultz's big idea has been to make the people who work for him a priority.
In an interview with Marketplace Morning Report Host David Brancaccio, Schultz shared his belief that a company's responsibility extends beyond ensuring that profits for its shareholders. He says the people who work for companies like Starbucks deserve to be taken care of.
He shared with us four ways he has made his employees a priority in ways that have bolstered Starbucks' success
Idea: Doing the right thing for your people and the communities you serve will ensure greater success for the company.
"I feel strongly that we have demonstrated that we are a performance driven company and organization by providing significant shareholder value," he says.
Schultz realizes that company profits aren't the only way to measure success:
"At the same time, we have done all this through the lens of humanity and that's what I'm most proud of and that's what I believe businesses should be."
Idea: Investing in the education of your employees benefits everyone — the employee and the company.
Schultz and Starbucks recently made headlines by announcing they were partnering with Arizona State University to offer to their employees a four-year college degree at a reduced cost.
"Our responsibility as a company is to recognize that if we could provide a free college education to our employees," he says, "it would help our company and it would help them professionally and personally."
Idea : The status quo is not good enough for a company trying to build a long term, enduring business.
Schultz places a premium on innovation, calling it the key to long-term growth and sustainability.
"The status quo just is not going to be good enough," he says. "We have to push for self-renewal and reinvention and at the heart of that, at the core of that, is innovation.
So, how do you encourage innovation? The answer leads us to Schultz's last big idea....
Idea: Stay curious. Have the courage and conviction to make big bets.
And Schultz should know... He signed a deal with Oprah Winfrey that has the media mogul producing a special line of tea for Starbucks. It's the kind of big bet that most brands could only dream about. One thing is for sure, no matter how much success Starbucks achieves, it hasn't stopped Schultz from planning the company's next move.
"I'm still looking around corners and I'm still trying to put Starbucks in a position to surprise and delight our customers and I think innovation has been the core reason behind our success."
President Obama is set to meet with the Presidents of Honduras, Guatemala and El Salvador Friday to talk about the influx of young migrants crossing our borders. Officials estimate 57,000 have made it to the US since late last year -- Most are teenagers. It’s a big increase over years past.
The unaccompanied children come to flee poverty, gangs, and drug cartels. There are more migrants than cots for them to sleep on.
“There’s lots more that can be done to beef up border enforcement. But the real long term solution is to address the main drivers of migration,” says Cindy Arnson, director of the Latin American program at the Woodrow Wilson Center.
Those drivers include ineffective institutions, poor security, and lack of opportunity.
The President has asked Congress for $3.7 billion to deal with the immediate issue. Most of that appropriation would go to border enforcement and immigration courts.
Arnson expects Latin American leaders to say the U.S. has a shared responsibility in solving the crisis.
“The smart answer to this situation is to address the root causes in a sustained and smart way with foreign policy and economic policy,” says Karen Musalo, director of the Center for Gender and Refugee Studies at the UC Hastings College of the Law.
She hopes the conversation is candid and honest between the leaders.
But it’s up to Congress to decide whether it will approve anything at all before it heads off for Summer recess.
With more students taking the comp-sci AP exam every year, here's more of Marketplace's coverage on diversifying the demographic of students taking the exam.
It's time for Silicon Tally. How well have you kept up with the week in tech news?
The holy month of Ramadan comes to an end early next week with a celebratory feast, and Secretary of State John Kerry is hoping for a holiday cease-fire in Gaza. He proposed a seven-day truce.
Steve Inskeep talks with Honduran Foreign Minister Mireya Aguero de Corrales, who's in Washington to help find a solution to the thousands of Central American children arriving at the U.S. border.
International observers and air-crash experts visited previously unexamined pieces of the Malaysia Airlines wreckage Thursday and made some disturbing discoveries, including unrecovered human remains and what may be shrapnel holes in the plane's fuselage.
One of the most conservative members of Congress, U.S. Rep. Scott DesJarlais, is defending his seat against state Sen. Jim Tracy, who is making the most of the incumbent's personal scandals.
Renee Montagne talks with former U.S. Ambassador to Nigeria John Campbell for an update on the 200 Nigerian schoolgirls kidnapped in April by the extremist group Boko Haram.
Massachusetts is offering to house hundreds of unaccompanied minors who've been detained crossing the U.S.-Mexico border. One of the proposed sites is on Cape Cod, but residents are blasting the plan.
Tony La Russa, who won more games than any MLB manager in the past 60 years, will be inducted into the Hall of Fame. Links to steroids have kept notable players of his from getting that recognition.
Roger Alvarez didn't make it to graduation, but he still wants to thank his high school English teacher. (This StoryCorps interview first aired Jan. 29, 2012, on Weekend Edition.)
The MD-83 aircraft, owned by Spanish company Swiftair and leased by Algeria's flagship carrier, disappeared from radar in bad weather less than an hour after it took off; 116 people were aboard.
David Gura talked with to Catherine Rampell from the Washington Post and Linette Lopez from Business Insider for a look back at the week’s biggest business news.
Sen. John Walsh of Montana was appointed to his seat, and he's preparing to face voters for the first time. The Democrat's bid will be complicated by plagiarism allegations.
Keeping with the tech-heavy theme of the broadcast today, there's a report out from Nielsen saying 87 percent of people on Twitter said their decision to see a movie was influenced by the site.
Plus, 65 percent of people on Twitter say they follow a film-related account. That is, specific movies, theater chains and actors.
I don't get it. I mean...I get it. But I don't get it.