…

Planet Money

…

NPR

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

#355

How unions are stopped before they start (Update)

(Note: This episode originally ran in [2023] (https://www.npr.org/2023/10/20/1197954385/uaw-united-auto-workers-union-strike-volkswagen-chattanooga) .)Union membership in the U.S. has been declining for decades. But, in 2022, support for unions among Americans was the [highest] (https://news.gallup.com/poll/398303/approval-labor-unions-highest-point-1965.aspx#:~:text=WASHINGTON%2C%20D.C.%20%2D%2D%20Seventy%2Done,on%20this%20measure%20since%201965) it's been in decades. This dissonance is due, in part, to the difficulties of one important phase in the life cycle of a union: setting up a union in the first place. One place where that has been particularly clear is at the Volkswagen plant in Chattanooga, Tennessee.Back in 2008, Volkswagen announced that they would be setting up production in the United States after a 20-year absence. They planned to build a new auto manufacturing plant in Chattanooga. Volkswagen has plants all over the world, all of which have some kind of worker representation, and the company said that it wanted that for Chattanooga too. So, the United Auto Workers, the union that traditionally represents auto workers, thought they would be able to successfully unionize this plant. They were wrong.In this episode, we tell the story of the UAW's 10-year fight to unionize the Chattanooga plant. And, what other unions can learn from how badly that fight went for labor. This episode was hosted by Amanda Aronczyk and Nick Fountain. It was produced by Willa Rubin. It was engineered by Josephine Nyounai, fact-checked by Sierra Juarez, and edited by Keith Romer. Alex Goldmark is our executive producer.Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

Yesterday

32 MINS

32:58

Yesterday

#354

FTX and the Serengeti of bankruptcy

For the last year and a half, the story of FTX has focused largely on the crimes and punishment of Sam Bankman-Fried. But in the background, the actual customers he left behind have been caught in a financial feeding frenzy over the remains of the company. On today's show, we do a deep dive into the anatomy of the FTX bankruptcy. We meet the vulture investors who make markets out of risky debt, and hear how customers fare in the secretive world of bankruptcy claims trading. This episode was hosted by Alexi Horowitz-Ghazi and Amanda Aronczyk. It was produced by James Sneed and Sam Yellowhorse Kesler. It was edited by Jess Jiang, and fact-checked by Sierra Juarez. It was engineered by Cena Loffredo. Alex Goldmark is Planet Money's executive producer. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

19 Apr 2024

25 MINS

25:27

19 Apr 2024

#353

Grocery prices, credit card debt, and your 401K (Two Indicators)

What's going on with consumers? This is one of the trickiest puzzles of this weird economic moment we're in. We've covered a version of this before under the term " [vibecession] (https://open.spotify.com/episode/6WL6NBhSfJtIzIC2voNZ1P) ," but it's safe to say, the struggle is in fact real. It is not just in our heads. Sure, sure, some data is looking great. But not all of it. What's interesting, is exactly why the bad feels so much worse than the good feels good. Today on the show, we look into a few theories on why feelings are just not matching up with data. We'll break down some numbers and how to think about them. Then we look at grocery prices in particular, and an effort to combat unfair pricing using a mostly forgotten 1930's law. Will it actually help? Today's episode is adapted from episodes for Planet Money's daily show, [The Indicator] (https://www.npr.org/podcasts/510325/the-indicator-from-planet-money) . Subscribe [ here] (https://podcasts.apple.com/podcast/1320118593?mt=2&at=11l79Y&ct=nprdirectory) . Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

17 Apr 2024

17 MINS

17:41

17 Apr 2024

#352

TikTok made me deduct it

TikTok, and other apps like it, are filled with financial advice. Some of it is reliable, some... less so. There are videos about running a business, having a side hustle, generating passive income. And also, there are a lot of tips and tricks, many of them questionable, about saving on your taxes. On this show, we run some of the greatest hits of TikTok tax advice by some bonafide tax experts. We'll talk about whether you can use gambling losses to reduce your tax bill, whether your pets qualify you for tax deductions – and we'll fact check the claim that all rich people own expensive Mercedes G-Wagons... for tax purposes. Along the way, we'll drill down on the concepts like taxable income and the standard deduction. And we'll ask why so many videos on TikTok suggest that you (fraudulently) categorize personal expenses as business expenses. Sometimes with a literal wink and a nod. This episode was hosted by Nick Fountain. It was produced by Emma Peaslee with help from Willa Rubin, who also fact-checked this episode. It was edited by Molly Messick and engineered by Cena Loffredo. Alex Goldmark is Planet Money's Executive Producer. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) . Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

12 Apr 2024

20 MINS

20:19

12 Apr 2024

#351

How much does this cow weigh? (Classic)

This episode originally ran in [2015.] (https://www.npr.org/sections/money/2015/08/07/430372183/episode-644-how-much-does-this-cow-weigh) About one hundred years ago, a scientist and statistician named Francis Galston came upon an opportunity to test how well regular people were at answering a question. He was at a fair where lots of people were guessing the weight of an ox, so he decided to take the average of all their guesses and compare it to the correct answer.What he found shocked him. The average of their guesses was almost exactly accurate. The crowd was off by just one pound.This eerie phenomenon—this idea that the crowd is right—drives everything from the stock market to the price of orange juice.So, we decided to test it for ourselves. We asked Planet Money listeners to guess the weight of a cow.Spoiler: You can see the results [here] (https://www.npr.org/sections/money/2015/08/07/429720443/17-205-people-guessed-the-weight-of-a-cow-heres-how-they-did) .This episode was hosted by David Kestenbaum and Jacob Goldstein. It was produced by Nadia Wilson and edited by Bryant Urstadt. Alex Goldmark is Planet Money's executive producer.Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

10 Apr 2024

17 MINS

17:37

10 Apr 2024

#350

Japan's Lost Decades

Last month, Japan's central bank raised interest rates for the first time in 17 years. That is a really big deal, because it means that one of the spookiest stories in modern economics might finally have an ending. Back in the 1980s, Japan performed something of an economic miracle. It transformed itself into the number two economy in the world. From Walkmans to Toyotas, the U.S. was awash in Japanese imports. And Japanese companies went on a spending spree. Sony bought up Columbia Pictures. Mitsubishi became the new majority owners of Rockefeller Center. But in the early 1990s, it all came to a sudden halt. Japan went from being one of the fastest growing countries in the world to one of the slowest. And this economic stagnation went on and on and on. For decades. On this episode, the unnerving story of Japan's Lost Decades: How did one of the most advanced economies in the world just fall down one day — and not be able to get up? Japan's predicament changed our understanding of what can go wrong in a modern economy. And gave us some new tools to try and deal with it. This episode was hosted by Jeff Guo. It was produced by Emma Peaslee and engineered by Cena Loffredo. It was edited by Molly Messick. Alex Goldmark is Planet Money's executive producer. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

05 Apr 2024

22 MINS

22:50

05 Apr 2024

#349

The real estate industry on trial

In 2019, Mike Ketchmark got a call. Mike is a lawyer in Kansas City, Missouri, and his friend, Brandon Boulware, another lawyer, was calling about a case he wanted Mike to get involved with. Mike was an unusual choice - he's a personal injury lawyer, and this was going to be an antitrust case. But Brandon knew Mike was great in front of a jury. And that he'd won huge settlements for his clients in the past. So the lawyer friend drops by Mike's office, and pitches him the case. Rhonda and Scott Burnett had just sold their home for $250,000, and out of that amount, they had paid $15,000 in commission (plus a small fee), which was split between two real estate agents - even though they had hired only one. And the commission was high - 6%. Mike's friend said the whole thing seemed... suspicious. Maybe even illegal. Mike agreed to take the case, a case that would soon become bigger than one about just what had happened to the Burnetts. It would become a fight about the way homes are bought and sold in the U.S. and challenge the way real estate agents have done business for more than 100 years. This episode was hosted by Amanda Aronczyk and Keith Romer. It was produced by Willa Rubin, edited by Keith Romer, engineered by Valentina Rodríguez Sánchez, and fact-checked by Sierra Juarez. Alex Goldmark is Planet Money's executive producer. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

03 Apr 2024

28 MINS

28:41

03 Apr 2024

#348

How much of your tax dollars are going to Israel and Ukraine

There's been a lot of disagreement in Congress and in the country about whether the U.S. should continue to financially support the wars in Ukraine and Gaza. Some taxpayers don't think the U.S. should give Ukraine any money to fight off Russia's invasion. And some taxpayers have concerns about how they might be funding weapons that have been used to kill civilians in Gaza. And there are questions about how much individual taxpayers contribute to war efforts, generally. So in this episode, we attempt to do the math: The average taxpayers' contribution to Israel and Ukraine. It's not so simple. But in attempting to do this math, we get this window into the role of our tax dollars on foreign assistance, and how the U.S. sells weapons to other countries. For links to some of the reports we looked at to report this episode, check out the [episode page] (http://npr.org/2024/03/29/1197958571/us-military-aid-tax-ukraine-israel-gaza-russia) on NPR.org.This episode was hosted by Sarah Gonzalez and Alexi Horowitz-Ghazi. It was produced by Sam Yellowhorse Kesler and edited by Jess Jiang. It was fact-checked by Sierra Juarez and engineered by Robert Rodriguez. Alex Goldmark is our executive producer.Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

29 Mar 2024

23 MINS

23:31

29 Mar 2024

#347

The trouble with Table 101 (Update)

(Note: This episode originally ran in [2020] (https://www.npr.org/2020/01/22/798594109/episode-968-the-trouble-with-table-101) .)In the restaurant game, you need to make the most of every table every minute you are open. And you need to make sure your guests are happy, comfortable, and want to come back.If you're a restaurateur, your gut tells you "more seats, more money," but, in this episode, restaurant design expert Stephani Robson upends all that and more. She helps Roni Mazumdar, owner of the casual Indian spot Adda in New York's Long Island City, rethink how a customer behaves at a table, and how small changes can lead to a lot more money.It's a data-driven restaurant makeover.This episode was originally produced by Darian Woods and Alexi Horowitz-Ghazi. James Sneed and Sam Yellowhorse Kesler produced this update. Engineering by Isaac Rodrigues and Maggie Luthar. Alex Goldmark originally edited the show and is now Planet Money's executive producer.Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

27 Mar 2024

24 MINS

24:38

27 Mar 2024

#346

What is Temu?

It is rare that a new e-commerce company has such a meteoric rise as Temu. The company, which launched in the fall of 2022, has been flooding the American advertising market, buying much of the inventory of Facebook, Snapchat, and beyond. According to the market intelligence firm Sensor Tower, Temu is one of the most downloaded iPhone apps in the country, with around 50 million monthly active users.On today's show, we go deep on Temu: How does it work, how did it manage such a quick rise in the U.S., and what hints might it offer us about the future of retail? Plus, we'll talk to the bicycle-loving U.S. Representative who is working to shut down a loophole that has proved very helpful to Temu's swift ascent. This episode was hosted by Nick Fountain and Alexi Horowitz-Ghazi with reporting from Emily Feng. It was produced by Sam Yellowhorse Kesler and Emma Peaslee. It was edited by Keith Romer, fact-checked by Sierra Juarez, and engineered by Cena Loffredo. Alex Goldmark is Planet Money's executive producer. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

22 Mar 2024

25 MINS

25:20

22 Mar 2024

#345

How Big Steel in the U.S. fell

Steel manufacturing was at one point the most important industry in the United States. It was one of the biggest employers, a driver of economic growth, and it shaped our national security. Cars, weapons, skyscrapers... all needed steel.But in the second half of the 20th century, the industry's power started to decline. Foreign steel companies gained more market power and the established steel industry in the U.S. was hesitant to change and invest in newer technologies. But then, a smaller company took a chance and changed the industry. On today's episode: What can the fall of a once-great industry teach us about innovation and technology? And why you should never underestimate an underdog.This episode was hosted by Erika Beras and Mary Childs. It was produced by Willa Rubin and edited by Jess Jiang. It was engineered by Cena Loffredo. It was fact-checked by Sierra Juarez. Our executive producer is Alex Goldmark.Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

20 Mar 2024

22 MINS

22:19

20 Mar 2024

#344

The billion dollar war behind U.S. rum

When you buy a bottle of rum in the United States, by law nearly all the federal taxes on that rum must be sent to Puerto Rico and the U.S. Virgin Islands. It's an unusual system that Congress designed decades ago to help fund these two U.S. territories. In 2021 alone, these rum tax payments added up to more than $700 million.Puerto Rico and the Virgin Islands split the money according to how much rum each territory produces. And the territories produce a lot of it — especially Puerto Rico, which single handedly supplies the majority of the rum that Americans drink.But in 2008, the U.S. Virgin Islands pulled off a coup. It convinced one of the largest rum brands in the world, Captain Morgan, to abandon Puerto Rico and to shift its operations to the tiny island of St. Croix.This was the beginning of the Rum Wars.On today's show, the story of how a scheme designed to help Puerto Rico and the U.S. Virgin Islands turned them into bitter rivals. And how it ended up putting hundreds of millions of dollars a year — U.S. taxpayer dollars — into the pockets of big liquor companies instead.This episode was hosted by Jeff Guo and Sarah Gonzalez. It was produced by James Sneed with help from Sam Yellowhorse Kesler. It was edited by Molly Messick, engineered by Cena Loffredo, and fact checked by Sierra Juarez. Alex Goldmark is Planet Money's executive producer.Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in [Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

15 Mar 2024

23 MINS

23:25

15 Mar 2024

#343

Wind boom, wind bust (Two Windicators)

The wind power business is a bit contradictory right now. It's showing signs of boom and bust seemingly all at once. The story of wind energy markets in two acts today. First, the Gulf of Mexico saw its first-ever auction of leases for offshore wind this summer. It was another sign of the Biden administration's desire to get more renewable energy online as fast as possible. Expectations were high, but results did not deliver. Two of the three patches of sea didn't get any bids at all. Hidden in the flop for this auction are some keys to what it takes to spark a whole new market, quickly. Then, the booming side of wind power: the job that's projected to be the fastest-growing in the U.S. is wind turbine service technician. Is it a "good" job? Reporter Darian Woods suits up to see a green-collar job above the clouds for himself.Today's episode is adapted from episodes for Planet Money's daily show, [The Indicator] (https://www.npr.org/podcasts/510325/the-indicator-from-planet-money) . Subscribe [here] (https://podcasts.apple.com/podcast/1320118593?mt=2&at=11l79Y&ct=nprdirectory) . The original Indicator episodes were produced by Cooper Katz McKim and Julia Ritchey with engineering by Valentina Rodriguez Sanchez and James Willetts. They were fact-checked by Sierra Juarez and edited by Dave Blanchard and Kate Concannon. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

13 Mar 2024

16 MINS

16:33

13 Mar 2024

#342

On the Oscars campaign trail

When you sit down to watch the Oscars, what you are really watching is the final battle in a months-long war of financial engineering and campaign strategy. Because in Hollywood, every year is an election year. A small army of Oscars campaign strategists help studios and streamers deploy tens of millions of dollars to sway Academy voters. And the signs of these campaigns are everywhere — from the endless celebrity appearances on late night TV to the billboards along your daily commute. On today's show, we hit the Oscars campaign trail to learn how these campaigns got so big in the first place. And we look into why Hollywood is still spending so much chasing gold statues, when the old playbook for how to make money on them is being rewritten. This episode was hosted by Alexi Horowitz-Ghazi. It was produced by Emma Peaslee and edited by Jess Jiang. It was engineered by Cena Loffredo and fact checked by Sierra Juarez. Alex Goldmark is Planet Money's executive producer. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ [in Apple Podcasts] (http://n.pr/PM-digital) or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) .Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

08 Mar 2024

25 MINS

25:54

08 Mar 2024

#341

Is dynamic pricing coming to a supermarket near you?

Dynamic pricing is an increasingly common phenomenon: You can see it when [Uber prices surge during rainy weather] (https://www.cbc.ca/news/canada/british-columbia/surge-pricing-emergency-gouging-1.6670186) , or when [you're booking a flight at the last minute] (https://insights.som.yale.edu/insights/is-dynamic-airline-pricing-costing-us) or [buying tickets to your favorite superstar's concert] (https://newrepublic.com/article/168988/taylor-swift-ticketmaster-dynamic-pricing) . On an earnings call last week, Wendy's ignited a minor controversy by suggesting it would introduce dynamic pricing in its restaurants, but the company quickly [clarified that it wasn't planning on using it for "surge pricing] (https://www.npr.org/2024/02/28/1234412431/wendys-dynamic-surge-pricing) ."One place you hardly ever see dynamic pricing? American supermarkets. Why is that? Why shouldn't the prices for meat or bread or produce go down as they get older? Why does all the milk in the store cost the same, even when the "sell by" dates are weeks apart? Wouldn't a little more flexibility around prices be better for customers and help reduce waste?Professors Robert Evan Sanders and Ioannis (Yannis) Stamatopoulus had similar questions. So they set out to discover what was keeping supermarkets from employing a more dynamic approach, and what might convince them it was time for a change ... in pricing.This episode was hosted by Amanda Aronczyk and Nick Fountain. It was produced by Willa Rubin and edited by Keith Romer. It was engineered by Valentina Rodríguez Sánchez and fact-checked by Sierra Juarez.Learn more about sponsor message choices: [podcastchoices.com/adchoices] (https://podcastchoices.com/adchoices) [NPR Privacy Policy] (https://www.npr.org/about-npr/179878450/privacy-policy) ... Read more

06 Mar 2024

25 MINS

25:47

06 Mar 2024

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

#355

How unions are stopped before they start (Update)

#354

FTX and the Serengeti of bankruptcy

#353

Grocery prices, credit card debt, and your 401K (Two Indicators)

#352

TikTok made me deduct it

#351

How much does this cow weigh? (Classic)

#350

Japan's Lost Decades

#349

The real estate industry on trial

#348

How much of your tax dollars are going to Israel and Ukraine

#347

The trouble with Table 101 (Update)

#346

What is Temu?

#345

How Big Steel in the U.S. fell

#344

The billion dollar war behind U.S. rum

#343

Wind boom, wind bust (Two Windicators)

#342

On the Oscars campaign trail

#341

Is dynamic pricing coming to a supermarket near you?