Wanna see a trick? Give us any topic and we can tie it back to the economy. At Planet Money, we explore the forces that shape our lives and bring you along for the ride. Don't just understand the economy – understand the world. Wanna go deeper? Subscribe to Planet Money+ and get sponsor-free episodes of Planet Money, The Indicator, and Planet Money Summer School. Plus access to bonus content. It's a new way to support the show you love. Learn more at plus.npr.org/planetmoney
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A bite-sized show about big ideas. From the people who make Planet Money, The Indicator helps you make sense of what's happening in today's economy. It's a quick hit of insight into money, work, and business. Monday through Friday, in 10 minutes or less.
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Economics is a game you should know how to play. And once you get the fundamental concepts, you start to see it everywhere: the news, the supermarket and even your dating life. So it's time to learn the rules. Planet Money Summer School is a crash course in economics for your ears. See the world through the lens of an economist and you'll start to feel a little less overwhelmed when making financial decisions. And if you're in front of the classroom? Teachers, this is made for you, too. Let ...
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Wekeza means 'save' and 'invest' in Swahili. Join the Wekeza.com community for informative interviews regarding all aspects of money: *Authors: Business, history, finance *Ancestral money mindsets and personalities *History of money *African stock market participation *Estate planning *Investing and dividends *Credit management *Global licensed financial and business influencers *Breaking News #money #financialliteracy #financialplanning #estate #estateplanning #africandiaspora #immigrants # ...
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The ghosts of Obamacare past, present and future
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8:40Absent a holiday miracle, premium subsidies for the Affordable Care Act are set to expire at the end of this year. This will greatly increase the cost of health insurance for many who rely on the marketplace for their coverage. Today on the show, we are visited by the ghosts of Obamacare past, present and future to learn what’s next for this landma…
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When Chicago pawned its parking meters
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30:56In 2008, Chicago’s budget was in a bad place. The city needed money. One way to raise money was to increase property taxes, but what politician wants to do that? So instead, Mayor Richard M. Daley’s administration looked around at the resources the city had, and thought, ‘Any of this worth anything?’ They opted to lease out the city’s metered parki…
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Will new loan limits lower the cost of grad school?
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9:38The One Big Beautiful Bill Act made a lot of changes to the federal student loan system. One of those changes put a new cap on the amount of loans students in graduate school can take on. Today on the show, we explain the theory behind this change and how it could impact the broader labor market going forward. Related episodes: The Market For Stude…
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Can American cities grow AND stay affordable?
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9:09Cities like Austin and Atlanta used to top lists of places people moved to looking for relatively affordable places to live. Until, one day, they weren’t that affordable. On today’s show, how a low cost of living is threatened by growth, and how one sunbelt city in Alabama is planning ahead. Related episodes: Why Americans don’t want to move for jo…
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Nvidia chips for China, frozen Russian funds, and a lot of self-checkout stealing
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9:06It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today’s episode: Nvidia chips OK’d for China, a sticky frozen Russian asset situation, and a lot of you seem to be stealing from self-checkout. Related episodes: The tower of NVIDIA How to get Russia to pay Ukraine Why the U.S. cut Chin…
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How to make $35 trillion ... disappear
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10:35You may be familiar with the AI-fueled stock market boom. Well, former International Monetary Fund Chief Economist Gita Gopinath warns it could mirror the dot-com boom of the late 1990s. But worse. She calculates a similar crash could erase $35 trillion in global wealth. Today on the show, what would that mean for the US and global economies? Relat…
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Bitcoin miners are betting on AI over crypto
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9:08If you want to make Bitcoin, you need powerful computers and a lot of energy. Well, it turns out the same infrastructure needed for Bitcoin mining is pretty valuable in the era of AI. Today on the show, why some miners are starting to throw in the towel on crypto in favor of supporting AI infrastructure. Related episodes: Whose financing Meta’s mas…
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Strange threadfellows: How the U.S. military shaped what we all wear
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36:10From nuclear fission to GPS to the internet, it’s common knowledge that many of the most resource intensive technologies of the last century got their start as military R&D projects in government-funded labs. But as Avery Trufelman explains in her fashion history podcast, Articles of Interest, the influence of the US military is, in many ways, even…
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How a former Fed vice chair would approach rate cuts
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9:15Federal Reserve is meeting to make its interest rate decision after the government shutdown delayed key economic data. Today on the show, we talk to the former Vice Chair of the Fed, Lael Brainard, about what she would do with interest rates in this critical yet foggy economic moment. Related episodes: A little doomsday feeling is weighing on the e…
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Take a penny, leave a penny, get rid of the penny
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9:11In November, the U.S. stopped production of the humble penny after 232 years in circulation. On today’s show, a former U.S. Mint director shares the fiscal math that doomed the penny, and an artist pay tribute to this American icon. View more of Robert Wechsler’s artwork here. Related episodes: What’s the deal with the platinum coin? For sponsor-fr…
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How hurricanes became a hot investment
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30:57A few years ago, the Jamaican government started making an unusual financial bet. It went to investors around the world asking if they'd like to wager on the chances a major hurricane would hit the island in the next couple of years. In finance terms, these kinds of wagers are called "catastrophe bonds." They're a way to get investors to share the …
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Chips up, rent down, and are people really skimping on holiday gifts?
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9:24It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today’s episode: A big goshDRAM memory problem, a holiday spending mystery, and apartment rental prices … decline?! Related episodes: The highs and lows of US rents Taking the temperature of the US consumer We Buy A Lot Of Christmas Tre…
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A little doomsday feeling is weighing on the economy
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9:03It is a special edition of the Beigies Awards where one regional Federal Reserve Bank will receive lifetime achievement recognition. Today on the show, we speak to its President about the value of economic anecdotes. Related episodes: What keeps a Fed president up at night Using anecdotes to predict recessions For sponsor-free episodes of The Indic…
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Is AI slopifying the job market? (Two Indicators)
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18:56Vote for us in NPR’s People’s Choice Awards: npr.org/peopleschoice AI is already reshaping how people find work. Fewer entry-level jobs, robot recruiters, and ever-changing new skill requirements all add up to a new, daunting landscape for humans trying to find dignified work. Today on the show: two stories from the edges of a changing labor market…
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How Japan’s new prime minister is jolting markets
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9:28Sanae Takaichi was sworn in as Japan’s first female prime minister a little over a month ago, and she’s already making waves in the East and West. The first priority for the people of Japan is if her government can fix the country’s cost-of-living problem. Today on the show, we break down what Sanaeonomics could mean for the Land of the Rising Sun.…
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What would it mean to actually refund the tariffs?
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9:05Tariffs are bringing in some serious cash into the US Treasury’s pocket. The problem with that money is that it may need to be refunded. A case in front of the Supreme Court could declare several of Trump’s tariffs illegal, which would prompt a return of billions of dollars. Today on the show, we look at how that would work and why the process will…
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Why the US chose not to have a passenger train system like Europe
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9:02Why can't the US be like Europe, Japan or India—countries that all have extensive passenger train systems? On today's show, why the US chose not to. We learn why, despite this, US railroads could still be worth bragging about. Related episodes: What happens when railroads get hitched How three letters reinvented the railroad business For sponsor-fr…
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Capitalism (Taylor's Version) (25-minute Podcast Version)
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24:30Taylor Swift reaches new heights with her latest album, which is both divisive and record-breaking. And it’s fueled by an elaborate series of business choices that propel profits but also chart numbers. Today’s episode comes from our friends at Today Explained, Vox’s lively, smart daily news podcast. Pre-order the Planet Money book and get a free g…
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Givewell is a nonprofit organization that gives money to “save or improve the most lives per dollar.” Part of their whole thing is a rigorous research process with copious and specific datapoints. So, in the chaotic wake of USAID’s gutting, they scrambled to figure out if they could fund the kind of projects USAID used to. Today on the show: GiveWe…
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Moochers, monopolists and market-based poverty help
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9:07Public sector economics is a fundamental piece of the discipline. So we wanted to give our hosts an opportunity to put their knowledge to the test in a game we’re calling Indicator Quizbowl. Today on the show, Wailin and Darian go head to head to see who the bigger public policy nerd is. Related episodes: Could cash payments ease recessions? A trap…
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Who's financing Meta's massive AI data center?
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9:12In a rural pocket of northeastern Louisiana, Meta is building a $30 billion data center called Hyperion. But it’s not being completely financed with Meta’s own money. Today on the show, the opaque system of AI data center financing and why it’s fueling fears of a bubble. Related episodes: OpenAI’s deals are looking a little frothy No AI data center…
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President Trump has said he’d try to get more Argentine beef into the U.S. So who would actually do the buying? That’s a general theme with a lot of these trade deals — big numbers but vague details. When China says it’ll buy more soybeans, is it the government or companies that does the buying? When South Korea promises to invest in American shipy…
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The Consumer Sentiment vs. Consumer Spending Puzzle
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19:58Wherever consumer sentiment goes, consumer spending usually goes too. They’re like buddies that do everything together. Consumer sentiment wants a hair cut, its buddy consumer spending does too. But lately, these friends are drifting apart. While consumer sentiment about the economy is down … spending remains strong. And not just that… Interest rat…
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Pay transparency. The WhatsApp and Instagram decision. Our beef with screwworms.
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9:13It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today’s episode: the effects of pay transparency, Meta’s big win, and freaky flies and beef. Related episodes: Are we entering a new dawn for antitrust enforcement? Why beef prices are so high For sponsor-free episodes of The Indicator …
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How to avoid scammers after a natural disaster
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9:24When people lose their homes to wildfire, hurricanes or flooding, they're eager to rebuild. But scammers are also ready to take advantage. On today’s show, the lucrative business of contractor fraud and advice on how to avoid them. Related episodes: An indicator lost: Big disaster costs When insurers can’t get insurance Selling safety in the fight …
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Looking for love in the auto supply chain
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8:59Foreign automakers already have huge assembly plants in the U.S., but lots of parts and materials come from overseas. To avoid costly tariffs, they gotta buy American. But … How does one meet those suppliers? How do you build a new relationship with them? The answer: Speed dating. Related episodes: The old trade war that brought foreign carmakers t…
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Tariffs. They’ve been announced, unannounced, re-announced, raised and lowered. It’s an on-going saga with billions at stake! On today’s episode, we run full-on at the twisty, turny drama of life with broad-based tariffs and tackle perhaps our most asked question: Are we, regular U.S. shoppers, feeling the tariffs yet? When we’re at the grocery sto…
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How to make switching jobs not terrifying
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9:25The U.S. labor market is stagnant right now, with little hiring and lots of people holding onto their jobs for dear life. In Denmark, there’s a different kind of labor system where it’s easy for employers to hire and fire, but at the same time people have a strong safety net in-between jobs. Today on the show, we learn how “flexicurity” works throu…
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Why you overpaid at that online auction
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8:59Ever put in the winning bid for something on an auction site only to realize you significantly overpaid? Yeah, there’s a phrase for that. On today’s show: the winner’s curse. Richard Thaler’s new book with Alex O. Imas is The Winner’s Curse: Behavioral Economics Anomalies, Then and Now. Read Planet Money’s newsletter on the winner’s curse. For spon…
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The obscure pool of money the US used to bail out Argentina
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29:17Last month, during the longest government shutdown in U.S. history, Treasury Secretary Scott Bessent announced that the United States had offered to functionally loan Argentina $20 billion. Despite the sums involved, this bailout required no authorization from Congress, because of the loan’s source: an obscure pool of money called the Exchange Stab…
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50-year mortgages, falling real wages, and doing your rideshare due diligence
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9:29It’s … Indicators of the Week! We look at some of the most fascinating economic numbers from the news and bring them to you. On today’s episode: The cost of living is outstripping wage growth for most of us, the math behind the Trump administration’s proposed 50-year mortgages, and how we’re just giving Uber and Lyft free money. Related episodes: T…
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Where the US got $20B to bail out Argentina
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9:10The U.S. is committed to bailing out Argentina to the tune of $20 billion using a little known mechanism called the Exchange Stabilization Fund. On today’s show, what is this fund, why was it created and does Argentina have any hope of paying it back? Related episodes: Dollarizing Argentina For sponsor-free episodes of The Indicator from Planet Mon…
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(Note: A version of this episode originally ran in 2022.) Every time you shop online and make it to the checkout screen, you see those colorful pastel buttons at the bottom. Affirm. Klarna. Afterpay. Asking: Do you want to split your payment into interest-free installments? No credit check needed. Get what you want, right now. That temptation got s…
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The U.S. Supreme Court may soon rule on President Trump’s favorite tariff law. It could render them moot, but that doesn’t mean the end of tariffs. On today’s show, we explain the president’s back-up options for imposing tariffs. Related episodes: Are Trump’s tariffs legal? Worst. Tariffs. Ever. Three ways companies are getting around tariffs For s…
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The World Cup is coming up, and it’s going to cost a pretty penny if you are hoping to attend. Today on the show, we talk to NPR Senior Business editor and World Cup superfan about why the 2026 World Cup will likely be the most expensive in history and why even finding a ticket is more difficult. Related episodes: Peacock, potassium and other Paris…
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How the French pensions débâcle is a warning to us all
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9:18France has one of the most generous pension systems in the world. But several governments there have collapsed over questions about how the government will fund it. All over the world, aging populations are forcing governments to rethink their assumptions. Today on the show, what France’s political fiascos teach all of us about the economics of an …
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A new experiment in remote work … from the inside
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28:16When people in Maine prisons started getting laptops to use in their cells for online classes and homework, it sparked this new idea. Could they have laptops in their cells to work remotely for real outside world jobs, too??? And get real outside world wages? Today on the show, we have reporting from Maine Public Radio’s Susan Sharon about a new ex…
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Can air traffic controllers keep calm and carry on — without pay?
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9:11There’s one job that gets all the attention during a government shutdown: air traffic controllers. Today on the show, we spotlight why this job has taken on outsize political influence and one controller’s experience during the longest shutdown on record. For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via A…
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This indicator hasn’t flashed this red since the dot-com bubble
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9:27The “Shiller PE Ratio” is at its highest level since November of 1999. That was at the peak of the online gold rush right before the dot com bubble burst in 2000. Today on the show, we learn what the Shiller PE Ratio is, how it works and whether we should be worried that it’s relatively high right now. You can find John Campbell's book here: Fixed:…
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Everything’s more expensive!! Pet care!! Concert tickets!! (Two Indicators)
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17:39People in the U.S. are feeling the financial squeeze, in part because of rising inflation, higher consumer prices and slowing job growth. The Indicator from Planet Money is tackling a special series on the rising cost of living. Today, two stories from that series. First, what’s making ticket prices go up? We look at the economics behind the ticket…
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Russia’s been subject to more than 5,000 sanctions since its invasion of Ukraine. Yet many purported allies of Ukraine are still getting Russian oil — directly or indirectly. On today’s show, how governments are straddling the fence and skirting their own sanctions. Related episodes: How the ‘shadow fleet’ helps Russia skirt sanctions For sponsor-f…
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How Apple's market power blocked ICEBlock
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9:03Last month, the Trump administration asked Apple to remove an app from its App Store that crowdsourced sightings of Immigration and Customs Enforcement agents. Today on the show, we explain what an ongoing legal battle involving the developer of the video game Fortnite has to do with Apple’s latest move to comply with the Trump administration. Rela…
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Companies are starting to use AI to interview potential employees. Sound creepy? Well, a new study suggests it might not be all bad.. Today on the show, we look at why a job interview with AI might be preferable to one with a human. And Adrian gets grilled by an AI job recruiter named “Anna.” Related episodes: AI creates, transforms and destroys … …
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After the shutdown, SNAP will still be in trouble
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29:47This week’s SNAP crisis is just a preview. Tucked inside the giant tax-cut and spending bill signed by President Donald Trump this summer are enormous cuts to SNAP: Who qualifies, how much they get, and who foots the bill for the program. That last part is a huge change. For the entire history of the food stamp program, the federal government has p…
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A school cellphone ban study, white collar jobs wither, and spooky candy prices
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9:29It’s … Indicators of the…Eek! (Indicators of the Week.) Our regular look at some of the most fascinating economic numbers from the news. On today’s episode: How cell phone bans in schools affect grades, white collar workers get the axe, and AHHH! Halloween candy inflation! Related episodes: Are you afraid of inflation? A finance fright fest For spo…
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China and India have a long, complicated history. Just a few years ago, there was a spate of armed skirmishes between the two nations. And yet, there are signs of warming relations amidst President Trump’s ongoing trade war. Today on the show, is that trade war pushing India toward China? And what could happen if two of the world’s largest economie…
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For decades, the U.S. has been the single biggest source of remittances worldwide. A remittance is a transfer of money, typically from an immigrant to their family in their country of origin. But we are in the middle of a big, loud and very public immigration crackdown on those who are here without legal status. And that crackdown is disrupting the…
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Is Obamacare doomed without extended subsidies?
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8:56Health insurance subsidies are at the center of the current government shutdown. Democrats want to extend some expiring Affordable Care Act/Obamacare subsidies. Obamacare has weathered several political storms since its inception, but how will it fare without those subsidies? Today on the show, death spirals and the future of Obamacare. Related epi…
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How Marxism went from philosophy to cudgel
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9:30Republican politicians like to use the term ‘Marxist’ to criticize Democrats. Lately, they’ve dubbed New York City mayoral candidate a ‘Marxist’ despite him identifying himself as a democratic socialist. Today on the show, we dig into what ‘Marxism, as an economic term,’ actually means. Related episodes: Socialism 101 Even the facts are polarized F…
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It’s hard for young tech workers to find a job, even with the AI buildout bonanza. This has spawned a curious worldview that fears AI is coming for our jobs and a drive to be at the top of the AI food chain. This, tech writer Jasmine Sun believes, is revealed in the emerging dialect of Silicon Valley tech workers. Today on the show, San Francisco s…
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