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New line 100 plus a month on experience beyond Finance Agreement $999.99 and qualifying ported for well qualified plus tax and $10 connection charge. Payout via virtual prepaid card. Allow 15 days credits end in balance due if you pay off earlier. Cancel mobile.com this Marketplace podcast is supported by Dell Introducing the new Dell AI PC. Powered by the Intel Core Ultra processor, it helps you do your busy work for you so you can fast forward through editing images, designing presentations, generating code, debugging code, summarizing meeting notes, finding files, managing your schedule, responding to long emails, leaving all the time in the world for the things you actually want to do. Get A new Dell AI PC starting at 749.99@dell.com AI PC how those ahead? Stay ahead. Romance apps are having trouble getting dates. I'm David Brancaccio in Los Angeles. First, an update on where the Senate version of the big tax and spending bill stands one week before the Republican self imposed deadline of the 4th of July. Some significant pieces are getting stripped out. Republicans dropped the so called revenge tax from the bill that would have taxed foreign companies doing business in the US There were fears the tax would discourage foreign investment. It would have applied to companies from countries that impose taxes on US firms such as a digital service tax aimed at American tech giants. But the revenge tax was dropped at the request of Treasury Secretary Scott Besant. In a post on X, Besant said the revenge tax wasn't necessary because he's worked out a global tax deal that will defend American interests. A provision in the bill on Medicaid was struck down by the Senate parliamentarian, who said it violates Senate rules. The proposal would have limited the taxes states can charge health care providers. The taxes can boost the amount of money states get for Medicaid from the federal government. I'm Nancy Marshall Genser for Marketplace. The chair of the White House Council of Economic Advisers, Stephen Mirren is suggesting the Trump administration could extend the July 9 tariff deadline. For some countries, you don't blow up a deal, he told the news site Yahoo Finance. That's making good faith, sincere, authentic progress by dropping a tariff bomb on it, unquote. There are more signs the bloom is off the rose for the dating app business. Bumble says it's laying off nearly a third of its employees. Since the company's launch of its Stock Back in 2021, stock prices have fallen about 90%. $75, then $6 and change. Now Marketplace's Elizabeth Trovall has more on what ails the swiping for affection industry. Millennials like BU professor Catherine Caduto remember when the apps were the shiny new thing in dating. Now, more than a decade later, you're dating on your phone, but you're also probably working on your phone. You're ordering food and groceries. You know you're doing all kinds of things. And so I think that also reduces the novelty. Kuduto says people are reluctant to pay for revenue generating dating app subscriptions that give users perks like unlimited swipes, especially when paying for that subscription, does not guarantee you dating success. Economic uncertainty felt by younger users may also be affecting subscriptions, says sociologist Jess Carboneau, who previously worked for Bumble. It could be contributing potentially to how individuals feel in terms of their desirability, particularly for men. And dating isn't cheap. Carboneau also says the 18 to 24 year old demographic who were key to dating apps a decade ago aren't as open to relationships these days. There is a significant lack of engagement in romantic partnerships at younger ages, but she says once this demographic matures, she expects they will be using dating apps to find their match. I'm Elizabeth Troval for Marketplace Foreign. You set the gold standard for your business. Your website should do the same. Wix puts you at the helm so you can enjoy the creative freedom of designing your site just the way you want. Want someone to bounce your ideas off? Talk with AI to create a beautiful site together. Whatever your business, manage it from one place and tie it all together with a personalized domain name. Gear up for success with a brand that says you best, you can do it yourself on wix. Here in Seattle, we're building the technologies of the future, from AI to clean energy. But we're also dealing with some of today's biggest challenges, like the housing crisis and the skyrocketing cost of living. We're here to break it all down for you. I'm Joshua McNichols. And I'm Monica Nicholsburg. Join us on Booming, a weekly podcast from KUOW about the economic forces shaping our lives here in the Pacific Northwest. Listen on the KUOW app or wherever you get your podcasts to the use of rural land, rolling fields of crops and or rolling fields of solar panels. What land use provides a net benefit to society? And can the two approaches coexist? Our story is from South Georgia. Emily Jones of WABE and Grist reports on a vast property in southwest Georgia. Tyler Huber is raising sheep. Come on, girls. It's morning, but the notorious Georgia sun has already been beating down for hours. It is incredibly hot. The sun is just unavoidable. And the fact that they've got, you know, shade every 15ft out here, it's just the ideal environment to have shade so close shade from solar panels using that same relentless sunshine to generate energy. The sheep, in turn, have a job to do. They cut down on mowing costs. Huber is the site manager for Silicon Ranch, the solar developer who bought this land from several farmers. He says the flock loves chowing down on the vegetation here. If we're able to grow this, which is just a buffet of everything they could ever want, they're going to happily eat that down. This land used to have row crops, mostly corn and cotton and beehives. Now you can't grow corn and cotton under solar panels, but this is still, still farmland for sheep and bees. Lisa Davis with the Lee County Chamber of Commerce says that's different from what many expect when farmland gets sold or leased to solar companies. You know, they envision in their head that you've got these, you know, big excavators and you just move everything out. And that is so not the case. Solar development faced opposition in Lee county from residents and county commissioners worried about losing farmland they rely on and love. But a study found that the financial benefits to taxpayers outweigh downsides. That's because farmland gets a tax break. In Georgia, farmers pay on just 40% of their land value, but the county can collect the full 100% on land used for solar, Davis says. That can make a huge difference for rural communities. They're never going to get big manufacturers or a lot of big commercial, so the opportunity for having a solar project can mean a lot. Loss of farmland is still a major concern. The American Farmland Trust estimates that nationwide, 2,000 acres of farmland are lost to non agricultural uses every day. But Mallory Osteen, who leads the trust's efforts in the Southeast, says solar isn't the main culprit. A lot of what we see in terms of farmland conversion pressure in Georgia is actually due to low density residential development. For many farmers, solar is a way for them to hedge their bets, a reliable way to profit from their land even when weather or disease hits their crops. In Lee County, Georgia, I'm Emily Jones for Marketplace. Our executive producer is Nancy Fargali. Our digital team includes Antoinette Brock, Jamila Huxtable, Emily McCune and Dylan Mietnin. Our engineers are Brian Allison and Rachel Breese. In Los Angeles, I'm David Brancaccio and we're from apm, American Public Media. This old house has been America's most trusted source for all things DIY and home improvement for decades. And now we're on the radio and on demand. I think you're breaking into this wall regardless. I was hoping you wouldn't say that. I need to go and get some whiskey. I think I would get the whiskey for sure. Subscribe to this Old House Radio hour from LA Associ Studios. Wherever you get your podcasts.
Marketplace Morning Report: "Swiping Left on Dating Apps" - June 27, 2025
Hosted by David Brancaccio
In this episode of Marketplace Morning Report, hosted by David Brancaccio, listeners are updated on the latest developments in business and economic spheres. The episode delves into significant legislative changes, challenges within the dating app industry, and innovative land use strategies in rural Georgia. Below is a comprehensive summary capturing the key discussions, insights, and conclusions presented.
As the Senate approaches the self-imposed deadline of July 4th to finalize the big tax and spending bill, significant alterations are emerging. Notably, several provisions are being stripped from the bill, reflecting the dynamic interplay between different political and economic interests.
Revenge Tax Removal: Republicans have decided to eliminate the proposed "revenge tax," which was intended to tax foreign companies operating in the U.S. This tax was originally aimed at companies from countries imposing taxes on American firms, such as the digital service tax targeting U.S. tech giants.
Medicaid Provision Struck Down: A proposed provision to limit taxes states could charge healthcare providers for Medicaid funding has been invalidated by the Senate parliamentarian, citing violations of Senate rules.
Tariff Deadline Extension: Stephen Mirren, Chair of the White House Council of Economic Advisers, hinted at the possibility of extending the July 9th tariff deadline for certain countries.
This legislative evolution underscores the ongoing negotiations and compromises essential to passing comprehensive economic policies.
The dating app market, once booming and full of promise, is now facing significant headwinds. Bumble, one of the leading players in the space, exemplifies these struggles.
Bumble's Layoffs and Stock Decline: Bumble recently announced layoffs affecting nearly a third of its workforce. Since its IPO in 2021, Bumble's stock price has plummeted approximately 90%, from around $75 to just over $6.
Expert Insights on Industry Decline:
Catherine Caduto, BU Professor ([12:15]): "People are doing all kinds of things on their phones, which reduces the novelty of dating apps. When your phone is your workplace, grocery store, and entertainment hub, dating apps lose their unique appeal."
Jess Carboneau, Sociologist and Former Bumble Employee ([14:30]): "Economic uncertainty among younger users affects their willingness to subscribe to dating apps. Paying for perks like unlimited swipes doesn't guarantee dating success, making subscriptions less attractive."
Demographic Shifts: There's a noticeable decline in engagement with romantic partnerships among the 18 to 24 age group, who were once the backbone of dating app users. Carboneau anticipates that as this demographic matures, their attitude towards online dating may shift positively.
Economic Factors: Younger users grappling with financial instability are less inclined to invest in paid subscriptions for dating apps, further exacerbating the industry's challenges.
These insights reveal a complex interplay between technological saturation, economic pressures, and shifting social behaviors contributing to the decline of the dating app market.
Shifting focus from digital to physical landscapes, the episode explores an innovative approach to land use in rural Georgia, blending agriculture with renewable energy.
Silicon Ranch's Dual-Purpose Farming ([22:10]): Tyler Huber, site manager for Silicon Ranch, oversees a vast property where solar panels coexist with sheep grazing.
Implementation: Solar panels provide necessary shade for the sheep, protecting them from the relentless Georgia sun. In return, the sheep help manage vegetation, reducing mowing costs and maintaining the land around the panels.
Lisa Davis, Lee County Chamber of Commerce: "Solar development doesn't mean abandoning farmland. Farmers can continue to herd sheep and keep bees, sustaining agricultural activities alongside energy production."
Economic Benefits: Transitioning land to solar use offers substantial financial advantages to rural communities. Unlike traditional farmland, which benefits from tax breaks based on 40% of land value, solar land is taxed at 100% of its value, enhancing local tax revenues.
Sustainability and Profitability: For many farmers, integrating solar projects provides a stable income stream, mitigating risks associated with crop failures due to weather or disease.
This innovative model demonstrates how renewable energy initiatives can harmoniously integrate with existing agricultural practices, offering a sustainable path forward for rural economies.
The June 27, 2025 episode of Marketplace Morning Report presents a multifaceted view of current economic and business trends. From legislative maneuvers in U.S. taxation and spending to the evolving dynamics of the dating app industry, and innovative solutions in rural land use, the episode underscores the complexity and interconnectedness of today's economic landscape. As industries adapt to shifting consumer behaviors and economic pressures, Marketplace continues to provide insightful coverage to keep listeners informed and engaged.
This summary excludes advertisements, intros, outros, and non-content sections, focusing solely on the substantive discussions and analyses presented during the episode.