Slate Money podcast

Slate Money

A weekly roundup of the most important stories from the worlds of business and finance, hosted by Felix Salmon. Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of our show page. Or, visit https://slate.com/moneyplus to get access wherever you listen.

A weekly roundup of the most important stories from the worlds of business and finance, hosted by Felix Salmon. Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of our show page. Or, visit https://slate.com/moneyplus to get access wherever you listen.

 

#683

Who Elected Elon?

This week: Elon Musk posted enough misinformation on social media to get a bill blocked and necessitate a government shutdown. [Felix Salmon] (https://www.axios.com/authors/fsalmon) , [Emily Peck] (https://www.axios.com/authors/epeck) , and [Anna Szymanski ] (https://www.linkedin.com/in/annaszymanski/?challengeId=AQF8jQz-jGa54QAAAZEUmm9zXbWxVNsqiUTfTYdNTbUDaI_phDkuta51mU-dhZkiYTALuwe0hx7kAAibwJ8a-_B2TLyP6a5uEA&submissionId=cf30864e-a100-e817-e71a-4c5776a64a1b&challengeSource=AgF7nYfI7aS8HQAAAZEUmnqdvIGgCTYbGjEeofQ6CSBmEQQKkgHxaazb6s6iDp0&challegeType=AgFHuwwH8HYxrQAAAZEUmnqg83WEuG3hHUU9_rj869CuYPCeg4o5Zbg&memberId=AgHMi9xDwqPKEwAAAZEUmnqkBEfdp0nZf_dcl16zthAFYK8&recognizeDevice=AgGNXbrZ4QavJAAAAZEUmnqnMPyM8ZCrTBngbYZ0sQXve4HjA7jd) discuss the multi-billionaire’s tweetstorm that convinced congress not to pass a bi-partisan spending bill and how he has been able to so blatantly buy that power. Then, Anna helps break down the economic crisis that is unfolding in Brazil and gets wonkish on the latest Fed rate cut and trade deficit. And finally, Amazon and Starbucks workers across the country have gone on strike. Emily explains the subtleties of the disputes. In the Slate Plus episode: What’s your gift giving strategy? Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

4 hrs Ago

58 MINS

58:02

4 hrs Ago


#682

Why Netflix is Reducing Parental Leave

This week: Crypto companies are being debanked but they’re not the only ones. [Felix Salmon] (https://www.axios.com/authors/fsalmon) , [Emily Peck] (https://www.axios.com/authors/epeck) , and [Elizabeth Spiers] (https://www.elizabethspiers.com/) break down the conspiracy theory that debanking is a government attack on crypto. Then, Netflix has pared down their extreme leave policy. What does that signal about the direction of the company? And Spotify is finally making a profit and is acting like it.   In the Slate Plus episode: [Crumbl] (https://www.vox.com/money/389782/crumbl-cookies-tiktok-viral-consumption) and [rise of meme foods] (https://www.axios.com/2024/12/12/gen-z-millennials-tiktok-food) .  Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

14 Dec 2024

49 MINS

49:21

14 Dec 2024


#681

Money Talks: The Synapse Scandal

In this Money Talks: The collapse of Synapse and resulting fallout highlights how regulators are failing fintech users. [Felix Salmon] (https://www.cnbc.com/hugh-son/) is joined by CNBC’s [Hugh Son] (https://www.cnbc.com/hugh-son/) who has been closely following [the situation] (https://www.cnbc.com/2024/11/22/synapse-bankruptcy-thousands-of-americans-see-their-savings-vanish.html) . They unpack the chain of events that led to thousands of users losing access to their funds, the complexities of FDIC insurance, and how regulators allowed this massive scandal. Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

10 Dec 2024

38 MINS

38:25

10 Dec 2024


#680

The Week of Minor Apocalypses

This week: South Korea and France are the latest governments to fall apart. [Felix Salmon] (https://www.axios.com/authors/fsalmon) , [Emily Peck] (https://www.axios.com/authors/epeck) , and [Elizabeth Spiers] (https://www.elizabethspiers.com/) discuss the public conversation around the failures of the US healthcare system that was sparked by the shocking murder of UnitedHealthcare CEO Brian Thompson.Then, South Korea and France follow Germany in having a governmental meltdown. What’s going on with all of this political chaos? And finally, the hosts discuss a piece in [The Ringer] (https://www.theringer.com/2024/12/03/tech/headlight-brightness-cars-accidents) about why headlights are just way too bright and what, if anything, is being done about it.  In the Slate Plus episode: The conclusion on Felix and Emily’s year long bet about ETFs and Bitcoin.  Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

07 Dec 2024

55 MINS

55:36

07 Dec 2024


#679

Conceptual Art is Literally Bananas

This week: Felix back and we have some Felix-y topics to cover. [Felix Salmon] (https://www.axios.com/authors/fsalmon) , [Emily Peck] (https://www.axios.com/authors/epeck) , and [Elizabeth Spiers] (https://www.elizabethspiers.com/) discuss the latest Trump cabinet appointments and speculate if Scott Bessent will be able to rein in Trump’s economic plans.Then, much ink has been spilled over the sale of a conceptual artwork by Maurizio Cattelan for $6.2 million, yet no one really knows how to write about it. So, when is a banana taped to a wall more than a banana taped to a wall? And finally, this week, [Warren Buffet] (https://slate.com/podcasts/slate-money/2024/07/how-did-britains-labour-party-dominate-many-voters-stayed-home) published a letter explaining why and how he is giving away his billions after his death. The hosts discuss the efficacy and logic of his plan to give $1.2 billion to his family’s foundations.  In the Slate Plus episode: We’ll hear how Felix spent his time away.  Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

30 Nov 2024

58 MINS

58:38

30 Nov 2024


#678

Money Talks: RIP DEI?

In this Money Talks: Diversity, Equity, and Inclusion programs are being targeted by “anti-woke” pundits.  [Emily Peck] (https://www.axios.com/authors/epeck) is joined by Simone Foxman of Bloomberg to explain [why DEI is under fire] (https://www.bloomberg.com/news/articles/2024-08-02/what-is-dei-kamala-harris-and-the-controversy-over-diversity-policies?srnd=undefined&sref=C3P1bRLC) from conservatives, and what these programs might look like under Trump’s second term – if they exist at all.  Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

26 Nov 2024

40 MINS

40:49

26 Nov 2024


#677

Is Bluesky the New Old Twitter?

This week: Bluesky feels like the Twitter of old. Will that last? [Emily Peck] (https://www.axios.com/authors/epeck) , [Elizabeth Spiers] (https://www.elizabethspiers.com/) , and Anna Szymanski discuss the new popularity of the social platform and whether or not it’s becoming a liberal bubble. Then, Indian billionaire Gautam Adani is being charged with fraud by federal prosecutors for bribing Indian officials for solar energy contracts. Also, there’s a rising trend of “anti-work” businesses. The hosts discuss what that means and if there is any real marketing juice behind a political label.  In the Slate Plus episode: [Should we quit cleaning?] (https://www.theatlantic.com/ideas/archive/2024/11/why-women-cant-put-down-the-vacuum/680714/?utm_medium=email&utm_source=pocket_hits&utm_campaign=POCKET_HITS-EN-DAILY-SPONSORED&GEORGEWASHINGTONUNIVERSITY-2024_11_21=&sponsored=0&position=4&category=fascinating_stories&scheduled_corpus_item_id=4cb5b69b-feba-4493-8f46-5da13e3f745a&url=https%3A%2F%2Fwww.theatlantic.com%2Fideas%2Farchive%2F2024%2F11%2Fwhy-women-cant-put-down-the-vacuum%2F680714%2Fhttps://www.theatlantic.com/ideas/archive/2024/11/why-women-cant-put-down-the-vacuum/680714/?utm_medium=email&utm_source=pocket_hits&utm_campaign=POCKET_HITS-EN-DAILY-SPONSORED&GEORGEWASHINGTONUNIVERSITY-2024_11_21=&sponsored=0&position=4&category=fascinating_stories&scheduled_corpus_item_id=4cb5b69b-feba-4493-8f46-5da13e3f745a&url=https%3A%2F%2Fwww.theatlantic.com%2Fideas%2Farchive%2F2024%2F11%2Fwhy-women-cant-put-down-the-vacuum%2F680714%2F) Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

23 Nov 2024

45 MINS

45:34

23 Nov 2024


#676

What the D.O.G.E?

This week: Elon Musk and Vivek Ramaswamy have a lot of “plans” for the D.O.G.E. [Emily Peck] (https://www.axios.com/authors/epeck) , [Elizabeth Spiers] (https://www.elizabethspiers.com/) , and Anna Szymanski discuss the suspect promises of the Trump-appointed heads of the Department of Government Efficiency. Then, Bitcoin is at a record high right now, though the value of crypto remains uncertain. Also, AI clones are being used to apply to jobs and even find us dates, but are they doing it well? In the Slate Plus episode: New York City has passed a bill preventing landlords from charging tenants for broker’s fees. Finally! Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

16 Nov 2024

48 MINS

48:40

16 Nov 2024


#675

Money Talks: The Rise and Fall of Victoria’s Secret

In this Money Talks: how did Victoria’s Secret go from hot to not? [Emily Peck] (https://www.axios.com/authors/epeck) is joined by Lauren Sherman and Chantal Fernandez, authors of [Selling Sexy: Victoria’s Secret and the Unraveling of an American Icon] (https://us.macmillan.com/books/9781250850966/sellingsexy) to discuss the origins of the ubiquitous bra retailer, its role in the rise of fast fashion, and how the brand successfully reflected the culture–until it suddenly didn’t.  Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

12 Nov 2024

51 MINS

51:51

12 Nov 2024


#674

The Trump Trade

This week: The markets had a big reaction to Trump’s win. [Emily Peck] (https://www.axios.com/authors/epeck) , [Elizabeth Spiers] (https://www.elizabethspiers.com/) , and Anna Szymanski discuss what traders are actually betting on and how a Trump economy will affect consumers. Then, Anna breaks down the collapse of Germany’s government and what it means for Europe’s economy. Also: Reddit stock is doing great. But why is it still so popular? The hosts discuss the refreshing relatability and searchability that has kept the platform on top. In the Plus episode: After a week of anxiety, doomscrolling, and disappointment, the hosts discuss what they’re doing to distract themselves from the news. Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jesssamine Molli and Cheyna Roth Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

09 Nov 2024

50 MINS

50:04

09 Nov 2024


#673

Who Do Washington Post Boycotts Hurt? Not Jeff Bezos.

This week: Readers aren’t buying Jeff Bezos’ claim that killing the Washington Posts’ presidential endorsement wasn’t from his own business interests. [Emily Peck] (https://www.axios.com/authors/epeck) , [Elizabeth Spiers] (https://www.elizabethspiers.com/) , and Anna Szymanski weigh in on how the move may or may not help Bezos and what the WaPo boycott can actually accomplish. Also: How would a Trump victory affect the economy? Badly, economists say. Finally: Facebook laid off two dozen workers for abusing their free GrubHub vouchers as companies crack down on perk abuse. In the Plus segment: The New York Times took a [sympathetic look] (https://www.nytimes.com/2024/10/30/technology/ftx-executives-parents.html) at the parents of Sam Bankman-Fried and other jailed FTX execs. Our hosts found it to be pandering to the anxieties of the paper’s white, suburban readers. How much sympathy do the parents of 30-something corporate crooks really deserve?  Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

02 Nov 2024

53 MINS

53:35

02 Nov 2024


#672

Money Talks: The Gambler Who Bet on Alibaba

In this Money Talks: the man who would bet billions on a coin toss. Host [Felix Salmon ] (https://www.axios.com/authors/fsalmon) chats with Lionel Barber, whose new book [Gambling Man: The Secret Story of the World’s Greatest Disruptor, Masayoshi Son] (https://www.simonandschuster.com/books/Gambling-Man/Lionel-Barber/9781668070741) reveals how the man who backed Alibaba became the world’s biggest maverick investor, throwing fortunes at enterprises that could either succeed spectacularly or go down in flames. Podcast production by Jared Downing and Cheyna Roth. Want more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

29 Oct 2024

37 MINS

37:48

29 Oct 2024


#671

Elon Musk’s Scheme to (Sort Of) Buy Trump Votes

This week: How do you buy an election? Throw a sweepstakes! [Emily Peck] (https://www.axios.com/authors/epeck) , [Elizabeth Spiers] (https://www.elizabethspiers.com/) , and Rueters’ Anna Szymanski (filling in for Felix Salmon) discuss Elon Musk’s scheme to get potential Trump voters to the ballot box and the maneuverings of the campaign finance industrial complex. Next, they discuss a French gambler whose massive bet on the election may affect Trump’s real-world odds. Finally: Many Americans report living “paycheck to paycheck,” even though they have savings and splurge on luxuries. In the Plus bonus mini-episode: Keurig Dr. Pepper plans to spend more than a billion dollars on the Ghost energy drink company. The hosts discuss what’s powering the energy drink renaissance and how some hyper-caffeinated, sugary beverages are managing to brand themselves as health and fitness drinks — and what it’s doing to the Gen Zs swallowing the bait. Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jared Downing and Cheyna Roth. Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

26 Oct 2024

56 MINS

56:07

26 Oct 2024


#670

Money Talks: How Did Trump Scam America? Lots of Luck.

In a very special election season Money Talks: Trump was never that good at business. How did he fake it till he made it? New York Times reporters Russ Buettner and Susanne Craig explain in their book [Lucky Loser: How Donald Trump Squandered His Father’s Fortune and Created the Illusion of Success.] (https://www.penguinrandomhouse.com/books/672076/lucky-loser-by-russ-buettner-and-susanne-craig/) They speak with host Emily Peck to discuss Trump’s early business missteps, the right-place-right-time happenstances that made him a reality star, and whether or not he might actually have talent…if only for deception and scams.  Podcast production by Jared Downing and Cheyna Roth. Want more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

22 Oct 2024

47 MINS

47:11

22 Oct 2024


#669

China Needs a Stimulus Bazooka

This week: Big trouble in not-so-little China as the second-largest economy tries to get out of its post-COVID funk. [Emily Peck] (https://www.axios.com/authors/epeck) , [Elizabeth Spiers] (https://www.elizabethspiers.com/) , and Reuters’ Anna Szymanski (filling in for Felix Salmon) discuss China’s new economic stimulus measures, which might be too-little, too late. They also discuss the [secretive family behind Boar’s Head] (https://www.nytimes.com/2024/10/13/business/boars-head-owners-listeria-outbreak.html) and a [Sherwood piece] (https://sherwood.news/power/who-died-and-left-the-us-7-billion-fayez-sarofim/) about a mysterious $7 billion estate tax. Finally, Josh Levin joins to discuss the [new season of Slow Burn] (https://slate.com/podcasts/slow-burn/s10/rise-of-fox-news) , which explores how Fox News hijacked American politics. In the Plus bonus mini-episode: Starbucks wanted to be a classy Italian espresso house, but it became a modern milkshake shop for teens to loiter and flirt. Are its sugar and caffeine-packed drinks bad for otherwise upstanding youths? Or is it good they’re hanging at the ‘Bucks rather than seedier haunts? Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [ Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [ slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jared Downing and Cheyna Roth. Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

19 Oct 2024

1 HR 01 MINS

1:01:05

19 Oct 2024


#668

Money Talks: We Could Run Out of Everything Again

For this Money Talks, it’s time to turn the rat race into a rat walk on the beach. Brigid Schulte, author of Over Work: Transforming the Daily Grind in the Quest for a Better Life, speaks with about America’s toxic relationship with labor in which employees at all levels are underpaid, under-rested, and over-hustled. They discuss what America can learn from work cultures in other countries and what it will take to achieve the four-day workweek.  In this Money Talks: The pandemic wrecked global supply chains — but they were already set up for disaster. [ Peter S. Goodman] (https://www.nytimes.com/by/peter-s-goodman) , author of [How the World Ran Out of Everything: Inside the Global Supply Chain] (https://www.harpercollins.com/products/how-the-world-ran-out-of-everything-peter-s-goodman?variant=41107243925538) , speaks with [Emily Peck] (https://www.axios.com/authors/epeck)  about the failure of the “just-in-time” logistics model, how a global shipping cartel is suffocating small exporters, and how another pandemic-style supply chain breakdown could leave store shelves empty once again. Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes for each regular Slate Plus episode. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the [Slate Money] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) show page. Or, visit [slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jared Downing, Cheyna Roth, and Patrick Fort. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

15 Oct 2024

47 MINS

47:56

15 Oct 2024


#667

What the Hurricanes Cost

This week: Big storms are the new norm, and they’re costing America big time. [Felix Salmon] (https://www.axios.com/authors/fsalmon) , [Emily Peck] (https://www.axios.com/authors/epeck) , and [Elizabeth Spiers] (https://www.elizabethspiers.com/) discuss the economic toll and surging insurance coasts of climate change. They also examine the curious case of a Canadian carpenter who made and lost a fortune on Tesla options, and Felix reveals what he’ll be up to on his upcoming sabbatical. In the Numbers Round, Emily discusses [a Subtack that charts the most well-connected actors.] (https://www.statsignificant.com/p/quantifying-the-kevin-bacon-game?utm_source=substack&utm_medium=email) In the Plus bonus mini-episode: WordPress is a nonprofit foundation that supports around 40% of the internet, but its for-profit arm has locked horns with a major competitor. The hosts join Slate’s Nitish Pawah to [discuss the battle between Automattic and WP Engine] (https://slate.com/technology/2024/10/wordpress-wpengine-matt-mullenweg-drama-explained.html) with the fate of a chunk of the web in the balance. Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the [Slate Money] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) show page. Or, visit [slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

12 Oct 2024

57 MINS

57:06

12 Oct 2024


#666

Why Were the Striking Dockworkers Unpopular?

This week: the Longshoremen’s strike is over, and economic disaster has been averted. [Felix Salmon] (https://www.axios.com/authors/fsalmon) , [Emily Peck] (https://www.axios.com/authors/epeck) , and [Elizabeth Spiers] (https://www.elizabethspiers.com/) discuss the strike, sketchy union leader Harold Daggett, and how the White House put its thumb on the scales to help cut a deal. Also: OpenAI just had a $6.6 billion investment round, but the company is bleeding losses. Then: Dish Network wants to buy DirecTV for $1, but the bondholders who own its billions in debt might kill the deal. In the Plus bonus mini-episode: It's a chicken tender world, and we’re just livin’ in it. The hosts discuss how chicken tenders (and nuggets and fingers) came to dominate American dining. (Even if Felix never eats at those sorts of places.) Then — bonus within the bonus — Felix and Emily get into a debate about Long Island pizza vs. Manhattan pizza. Want more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) and [Spotify] (https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX) . Or, visit [slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary)  to get access wherever you listen.  Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

05 Oct 2024

59 MINS

59:49

05 Oct 2024


#665

Money Talks: It’s Time to Work Less

For this Money Talks, it’s time to turn the rat race into a rat walk on the beach. Brigid Schulte, author of Over Work: Transforming the Daily Grind in the Quest for a Better Life, speaks with [Emily Peck] (https://www.axios.com/authors/epeck) about America’s toxic relationship with labor in which employees at all levels are underpaid, under-rested, and over-hustled. They discuss what America can learn from work cultures in other countries and what it will take to achieve the four-day workweek. Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes for each regular Slate Plus episode. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the [Slate Money] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) show page. Or, visit [slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jared Downing, Cheyna Roth, and Patrick Fort. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

01 Oct 2024

48 MINS

48:41

01 Oct 2024


#664

How Nike Shoes Got Lame

This week: the tragic tale of Nike, Foot Locker, and Bed Bath and Beyond. Bloomberg’s Kim Bhasin joins [Felix Salmon] (https://www.axios.com/authors/fsalmon) , [Emily Peck] (https://www.axios.com/authors/epeck) , and [Elizabeth Spiers] (https://www.elizabethspiers.com/) to discuss [his recent piece] (https://www.bloomberg.com/news/features/2024-09-13/nike-nke-stock-upheaval-defines-ceo-john-donahoe-s-tenure?srnd=undefined) on the downfall of the Nike brand and the peril of direct-to-consumer marketing. Then, they discuss Kim’s [other feature] (https://www.bloomberg.com/news/features/2024-07-18/zombie-mall-king-jamie-salter-bets-big-on-sports-entertainment-in-ipo-plan) on Jamie Salter, the man who made a fortune buying up mall “zombie brands” like Izod and Brook’s Brothers. Finally: The DOJ is suing Visa for monopolistic practices, but will it mean anything or ordinary consumers? In the Plus bonus mini-episode: Three Mile Island is back, baby! The hosts discuss Mincrosoft’s power purchase agreement that involves switching on the defunct nuclear plant and Americans’ troubled relationship with nuclear in general. Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the [Slate Money] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) show page. Or, visit [slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jared Downing and Cheyna Roth. Public.com+Public Investing Disclosure: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See [public.com/#disclosures-main] (https://public.com/#disclosures-main) for more information. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

28 Sep 2024

1 HR 04 MINS

1:04:01

28 Sep 2024


#663

The Fed Rate Cut is a New Beginning

Mortgage rates are down! Inflation is less inflation-y! [Felix Salmon] (https://www.axios.com/authors/fsalmon) , [Emily Peck] (https://www.axios.com/authors/epeck) , and [Elizabeth Spiers] (https://www.elizabethspiers.com/) discuss what the Fed’s interest rate cut means for the American economy — and American voters. Also: Trump is promising tax cuts like there’s no tomorrow, but are any of them good ideas? And Axel Springer is spinning off its media empire in yet another news business shakeup. In the Plus bonus mini-episode: Tupperware is bankrupt, but it shall live on in the underground communist container-sharing network. Here’s a link to the [Yukiko Morita bread lamps] (https://shop.yukikomorita.com/en?_gl=1%2Ac90pnh%2A_ga%2AMTIyNDcxMjg1Mi4xNzI2ODM2NjQ3%2A_ga_QMD83WP7Q4%2AMTcyNjgzNjY0Ni4xLjEuMTcyNjgzNjczNi42MC4wLjA.) Emily mentioned in the numbers round. Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the [Slate Money] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) show page. Or, visit [slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jared Downing and Cheyna Roth. Public.com+Public Investing Disclosure: Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. See [public.com/#disclosures-main] (https://public.com/#disclosures-main) for more information. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

21 Sep 2024

52 MINS

52:25

21 Sep 2024


#662

Money Talks: Under the Spell of Someone Else’s Wealth

For this Money Talks, [Emily Peck] (https://www.axios.com/authors/epeck) chats with [Rumaan Alam] (https://www.rumaanalam.com/) , author of Leave the World Behind. His new novel Entitlement explores what happens when normal people enter the lives of the super-rich. Rumaan and Emily discuss class, opportunity, and how the ego and conceit of wealth can be contagious. Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes for each regular Slate Plus episode. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the [Slate Money] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) show page. Or, visit [slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

17 Sep 2024

38 MINS

38:34

17 Sep 2024


#661

Fasten Your Seatbelt, Boeing

Next up in Boeing’s year of hell: A worker strike. [Felix Salmon] (https://www.axios.com/authors/fsalmon) , [Emily Peck] (https://www.axios.com/authors/epeck) , and [Elizabeth Spiers] (https://www.elizabethspiers.com/) discuss the planemaker’s endemic labor issues, whether just snacking around is better than eating full meals, and how banks convinced the Fed to reverse course on Basel III Endgame regulations.  In the Plus bonus mini-episode, the hosts talk about the rise and fall of hotel room service and the allure of breakfast in bed. Podcast production by Jared Downing and Cheyna Roth. Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the [Slate Money] (https://podcasts.apple.com/us/podcast/slate-money/id876523888) show page. Or, visit [slate.com/moneyplus] (https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary) to get access wherever you listen. Public.com+Public Investing Disclosure: Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. See [public.com/#disclosures-main] (https://public.com/#disclosures-main) for more information. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

14 Sep 2024

55 MINS

55:22

14 Sep 2024