#136 - How Omicron slowed the global economy | Curio

#136 - How Omicron slowed the global economy

19 mins | Feb 1, 2022

Today's episode from 1st February 2022. We begin the month with some not so great news about the global economy. As the International Monetary Fund warns that 2022 is looking weaker than previously expected, we explore the impact of Omicron. Then later, February marks the start of Black History Month, with this year's theme being black wellness. We hear the story of a man who was arrested at 13 for selling weed but now does it legally as a 27-year old. What can his story tell us about entrepreneurship, black owned cannabis businesses and mass incarceration? The US saw a pullback in services and manufacturing growth, while services sectors in Europe and Asia also slowed. For Wall Street Journal, David Harrison and Paul Hannon explore how supply-chain problems could be easing, although the Omicron variant may yet prompt tighter shutdowns in Asian manufacturing sectors. Seun Adedeji is a rarity among an industry dominated by Silicon Valley, big liquor and tobacco types. Black cannabis entrepreneurs like him are scarce in the United States' $16 billion legal pot industry. For someone like Adedeji, his business represents an opportunity to, through the support of other Black-owned cannabis companies, reverse "the devastating toll of the war on drugs and mass incarceration on minority communities." John Hechinger, from Bloomberg Businessweek, contemplates. Wake up with Curio is a different kind of morning show that gives you the context behind the news and gets you motivated for the day ahead, every Monday - Friday.

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