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The Indicator from Planet Money

300 avsnitt • Längd: 10 min • Dagligen

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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Tech layoffs, recession pop and more listener questions answered

2 juli 2025 | 9 min

We are back with another edition of listener questions! In this round, we tackle recession pop, why the job market feels so crummy for IT grads, and whether President Trump saying that Walmart "eat the tariffs" is a form of price control.

Related episodes:
Hits of the Dips: Songs of recessions past (Apple / Spotify)
The beef over price controls
Price Controls, Black Markets, and Skimpflation: The WWII Battle Against Inflation

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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We're nearing 'peak population.' These economists are worried

1 juli 2025 | 9 min

Over the past century, the world's human population has exploded from around 2 billion to 8 billion. Meanwhile, the average fertility rate has gradually declined. And if that trend continues as it has, we may soon see a crash in the population rate, which some argue could have disastrous effects.

Today on the show, we talk to co-authors Michael Geruso and Dean Spears about their forthcoming book After the Spike: Population, Progress, and the Case for People. Together, they explain why you should care about declining fertility rates.

Related episodes:
Babies v climate change; AI v IP; bonds v world

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Can Starlink stay ahead in satellite internet?

30 juni 2025 | 10 min

Whether you're watching Love Island in an RV or streaming a playlist in a remote California campground, if you're using satellite internet, odds are you're using Elon Musk's Starlink.

Today on the show, we learn how Starlink got such a big lead in the satellite market and if it can stay ahead of the European Union, China, and, of course, Jeff Bezos.

Related episodes:
Elon's giant rocket
Why I joined DOGE (Apple/Spotify)

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Babies v climate change; AI v IP; bonds v world

27 juni 2025 | 9 min

It's ... Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news.

On today's episode: Could more babies change the climate in a big way? Why did a U.S. judge side with AI company Anthropic? And why is the bond market so chill these days?

Related episodes:
Artists vs. AI
You told us how tariffs are affecting you (Apple/Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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We're gonna need a bigger boat-building industry

26 juni 2025 | 9 min

During World War II, the U.S. shipbuilding industry flourished. Now, it's nearly non-existent. China is the dominant shipbuilder in the world economy. On today's show, we look at what happened to American shipbuilding and the protectionist impulses that could stifle a revival.

Related episodes:
Will Iran block the Strait of Hormuz?
The great turnaround in shipping
The wide open possibility of the high seas

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Tyler Jones. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

Correction:
A previous version of this episode incorrectly said that there are 80 U.S.-flagged ships operating in global shipping. As of March, there were at least 95. The episode also incorrectly said that being U.S.-flagged means a ship was built in an American shipyard and has an American crew. There is no requirement that the ship be built in a U.S. shipyard, and citizenship requirements vary.

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One of the cheapest ways to save a life is going away

25 juni 2025 | 10 min

What's the price to save a human life? We examine the monumental legacy of the U.S. President's Emergency Plan For AIDS Relief (PEPFAR) with journalist Jon Cohen, who traveled to Eswatini and Lesotho to learn how cuts under the Trump Administration are hitting people at the clinic door.

Related episodes:
The gutting of USAID
How USAID cuts hurts farmers

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Will Iran block the Strait of Hormuz?

24 juni 2025 | 9 min

The world has held a close eye on the Strait of Hormuz lately with Israeli and U.S. strikes on Iran. Nearly a quarter of the world's seaborne oil passes through the narrow waterway, and many are worried Iran could shut the strait down. Today on the show, we explore what it would mean for Iran to close off the strait, and what insurance could tell us about tensions in the Middle East.

Related episodes:
Oil prices and the Israel-Hamas war (Apple / Spotify)
How the 'shadow fleet' helps Russia skirt sanctions (Apple / Spotify)

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You told us how tariffs are affecting you

23 juni 2025 | 9 min

Americans like to spend money. In fact, we spend more per person than almost any other country in the world. So, we wanted to know how an uncertain economy is affecting that. Today on the show, we hear from consumers directly on how their spending habits have changed the past few months.

Related episodes:
How's ... everybody doing? (Apple / Spotify)
Three ways consumers are feeling the pinch (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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SALT-n-pessimism

20 juni 2025 | 9 min

It's ... Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news.

On today's episode: the Senate passes the GENIUS Act, the SALT cap might be DOA in the OBBB, and a gender split on the state of the economy.

Related episodes:
How stable is Stablecoin? (Apple / Spotify)
Feeling inflation in the grocery store

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Fact-checking by Tyler Jones. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Why the 30-year bond matters

18 juni 2025 | 9 min

Last week, the U.S. Treasury held an auction for 30-year bonds. Some were worried no one would show up to buy these things! That didn't happen, but the 'long bond' isn't exactly thriving at the moment. Today on the show, we look back at why we have such a long maturity bond and why it might be a good idea to start paying attention to it going forward.

Related episodes:
Bond market nightmares (Apple / Spotify)
Bond vigilantes. Who they are, what they want, and how you'll know they're coming (Apple / Spotify)
Trying to solve the mystery of big bond yields (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Mixing family business with US trade policy in Vietnam

17 juni 2025 | 9 min

Last month, Eric Trump, executive vice president at The Trump Organization, attended a ceremony in Vietnam to break ground on a $1.5 billion residential development and golf course. This comes as Vietnam's government is in trade talks with the administration of Eric's father, President Donald Trump.

Today on the show, we look at how the Trump family's business projects in Vietnam are raising red flags when it comes to government ethics.

Related episodes:
How Trump is making coin from $TRUMP coin

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The secret to Nintendo's success

16 juni 2025 | 9 min

Nintendo has been a titan in the video game industry for decades, but that wasn't always the case. At its very core, Nintendo sees itself as a toy company which is evident in its products from the Nintendo Entertainment System (NES) to the Nintendo Switch 2.

Today on the show, we explore Nintendo's history and examine how a small playing card company in Japan became a multimedia giant.

Related episodes:
Forever games: the economics of the live service model
Designing for disability: how video games become more accessible
The boom and bust of esports
Work. Crunch. Repeat: Why gaming demands so much of its employees
Video Game Industry Week: The Final Level

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Trump's parade, FEMA phase out, and Warner Bros. Discovery divorces ... itself?

13 juni 2025 | 9 min

It's ... Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news.

On today's episode: the monetary cost of Trump's military parade, looks like FEMA could be phased out, and another change to Warner Bros. Discovery.

Related episodes:
Coyote vs. Warner Bros. Discovery (Apple / Spotify)
Gilded Age 2.0? (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The hidden costs of healthcare churn

12 juni 2025 | 9 min

Healthcare churn—when people switch insurance plans—is particularly bad in the US.

In today's episode, why Americans switch healthcare plans so much, and how that can cost a lot in money ... and in health.

Related episode:
How doctors helped tank universal health care (Apple / Spotify)
Healthcare And Economic Despair

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The secret tariff-free zone

11 juni 2025 | 9 min

There's something interesting happening at the Port of Baltimore. On today's show, we explore the hidden world of bonded warehouses, where you can stash your imported Latvian vodka or Dutch beer tariff free (for a while).

Related episodes:
Tariffied! We check in on businesses (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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What's a revenge tax?

10 juni 2025 | 9 min

For four decades, the US has maintained a consistent policy position: money should be fairly free to come and go in and out of the country. That's changing.

Two sections in the One Big Beautiful Bill Act would add friction. First is a 3.5% tax on immigrants sending money home, commonly known as remittances. Second is what's known as Section 899 or, colloquially, the 'revenge tax'. This one is making Wall Street wary. It would slap extra taxes on people and businesses investing in the U.S. if their home countries were deemed to tax Americans unfairly.

We explain these two taxes that could mark a shift in our free-flowing money era.

Related episodes:
The long view of economics and immigration (Two Indicators) (Apple / Spotify)
The "chilling effect" of deportations (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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How doctors helped tank universal health care

9 juni 2025 | 9 min

A debate has been raging over universal health care in the U.S. since the 1940s. Back then, a formidable opponent emerged to dump a lot of money into ensuring it wouldn't happen. That opponent was doctors. Today on the show, Sally Helm, a Planet Money reporter, comes to us in her capacity as the host of HISTORY This Week to detail how doctors helped tank single pay healthcare back then and the role communism played in the fight.

A longer version of this episode is available at HISTORY This Week from the History Channel.

Related episodes:
Why do hospitals keep running out of generic drugs? (Apple / Spotify)
Socialism 101

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Why U.S. workers keep getting more productive

6 juni 2025 | 9 min

For the last couple of years, U.S. labor productivity has been on the rise. And economists don't know exactly why. So today on the show, the president of the Federal Reserve Bank of Chicago plays economic detective and helps us investigate some different theories about why U.S. workers seem to be more productive than in prior decades.

Related episodes:
What keeps a Fed president up at night (Apple / Spotify)
Productivity and workforce whiplash (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Gilded Age 2.0?

5 juni 2025 | 10 min

To hear President Trump tell it, the late 1800s, i.e. the Gilded Age, were a period of unparalleled wealth and prosperity in the U.S. But this era was also marked by corruption and wealth inequality. Sound familiar? On today's show, is history repeating itself?

Related episodes:
Trump's tariff role model (Apple / Spotify)
Worst. Tariffs. Ever. (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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An indicator lost: big disaster costs

4 juni 2025 | 9 min

The U.S. government has tallied the economic impact of major natural disasters going back to 1980. State and local governments used this data for budgeting and planning. But last month, the administration retired its Billion-Dollar Weather and Climate Disasters disaster database. Today on the show, we speak to Adam Smith, the architect of the program, on the work he did and what might be next.

Related episodes:
How much is a weather forecast worth? (Update) (Apple / Spotify)
How ski resorts are (economically) adjusting to climate change (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Who should get mom's ring?

3 juni 2025 | 9 min

By 2048, more than $100 trillion is expected to be inherited, or passed down from one family member to another. But a lot of the time, the money doesn't end up where it's intended. On today's show, we navigate the thornier questions in estate planning.

Related episodes:
What women want (to invest in)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Why Gen Z is feeling 'money dysmorphia'

2 juni 2025 | 9 min

A significant portion of young people feel like they aren't on solid financial footing. And yet, the numbers show Gen Z adults on average actually earn more and have more wealth than previous generations did at their age.

This phenomenon has been dubbed (by the internet) as 'money dysmorphia'. Today on the show, we chat with a neuroscientist who co-wrote a book, Look Again, that helps explain this phenomenon.

Related episodes:
Relax, Millennials! You're Doing Great.
Gen Z's dream job in the influencer industry (Apple / Spotify)
There Is Growing Segregation In Millennial Wealth

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Let's 'TACO' 'bout General Motors gassing up V-8s and golden shares

30 maj 2025 | 9 min

It's ... Indicators of the Week! Our weekly look at some of the most fascinating numbers from the news.

On today's episode, we examine: General Motors invests big in V-8s; U.S. Steel and Nippon Steel flirt with the Golden Share; Trump's tariffs just got more unpredictable.

Related episodes:
Dealmaker Don v. Tariff Man Trump (Apple / Spotify)
The tensions behind the sale of U.S. Steel (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Are Trump's trade deals the real deal?

29 maj 2025 | 9 min

Top Trump advisers have been boasting about 'awesome' trade deals the administration is negotiating with other countries. But are these deals real? Today on the show, we ask a former U.S. trade negotiator whether these agreements hold up.

Related episodes:
Dealmaker Don v. Tariff Man Trump (Apple / Spotify)
Why there's no referee for the trade war (Apple / Spotify)
Is this a bank?

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Why are college coaches paid so much?

28 maj 2025 | 9 min

If you had to guess, would you say the president of a university usually makes more money than the football coach? Well, you may be wrong. A college's football coach is often their highest paid employee. The University of Alabama pays its football coach on average close to $11 million. Today on the show, why are college football coaches paid so much? Do their salaries really make economic sense?

Related episodes:
Why the Olympics cost so much (Apple / Spotify)
Want to get ahead in youth sports? Try staying back a year (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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How to build abundantly

27 maj 2025 | 9 min

Why is building affordable housing so hard these days? We talk to author Derek Thompson about his new book with Ezra Klein, Abundance, about what they believe is keeping affordable housing out of reach in high-income cities.

Related:
How big is the US housing shortage? (Apple / Spotify)
How California's speed rail was always going to blow out (Apple / Spotify)
Why building public transit costs so much

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The dawn of search engines

26 maj 2025 | 10 min

Today on the show, we bring you a special episode from the Understood feed at CBC podcasts. It's an excerpt from a series called Who Broke the Internet hosted by Cory Doctorow. The four part series details his criticisms on the state of the modern internet and what we can do about it.

From his conversations with Eric Corly the publisher of 2600, an iconic hacker magazine, best known under his hacker name Emmanuel Goldstein, to Clive Thompson a tech and culture writer to Steven Levy the author of "In the Plex: How Google Thinks, Works, and Shapes our Lives" this excerpt digs into how search engines started.

You can listen to more of the podcast here.

Related episodes:
The hack that almost broke the internet (Apple / Spotify)

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Target, Klarna and Sesame Street's new addy

23 maj 2025 | 9 min

Can you tell me how to get... how to get to Indicators of the Week? This week's econ roundup looks at Target's sagging sales, Klarna's pay-later problem, and Sesame Street's new streaming address.

Related:
When do boycotts work? (Apple / Spotify)
Buy now, pay dearly?

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How Trump is making coin from $TRUMP coin

22 maj 2025 | 9 min

Just before Trump began his second administration in January, he and his business partners launched the $TRUMP coin. It's a meme coin that quickly raked in hundreds of millions of dollars. And there's a lot of earning potential still left on the table. Is any of this legal?

Today on the show, we examine how the $TRUMP coin works and talk to an expert about how the president's meme coin gambit interacts with the Foreign Emoluments Clause of the Constitution.

Related episodes:
How the memecoin game is played
Did Trump enable insider trading?

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The old trade war that brought foreign carmakers to the U.S.

21 maj 2025 | 9 min

President Donald Trump wants more products made in America, and he's not afraid of a few trade wars to make it happen. Back in the 80s, a different trade dispute brought new manufacturing to the U.S. Today on the show, how former President Ronald Reagan used the threat of trade protectionism to bring car-making stateside, and why the same strategy might not work today.

Related episodes:
The tensions behind the sale of U.S. Steel (Apple / Spotify)
Tariffs: What are they good for? (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The rise of the credit card airport lounge

20 maj 2025 | 9 min

We are back to answer your questions, listeners. Today on the show, we tackle three big questions: Are airport lounges worth it for credit card companies? How effective have carbon taxes been for Canada? Why is gasoline getting more expensive over the last few months as the price of crude oil has sunk?

If you want to submit your OWN question to be considered in a future episode, send us a message at indicator@npr.org.

Related episodes:
Can cap and trade work in the US? (Apple / Spotify)
A Quick History Of Slow Credit Cards
Breaking down the price of gasoline (Apple / Spotify)

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The Art of the Deal ft. Beyoncé

19 maj 2025 | 8 min

All of us negotiate — whether it's accepting a job offer, buying a house or working out who does the dishes. Economist Daryl Fairweather has a new book out: Hate the Game: Economic Cheat Codes for Life, Love, and Work. It's all about the negotiation lessons she's learned through the research, her own career and Destiny's Child.

Related episodes:
What women want (to invest in)
A conversation with Nobel laureate Claudia Goldin (Update)
Summer School 7: Negotiating and the empathetic nibble

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Brain-controlled iPhones, a Japanese asset buy-a-thon, and Trump tax cut debt

16 maj 2025 | 9 min

It's ... Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news.

On today's episode: Japanese asset buyers make it rain, an iPhone ... powered by the brain?! And, how are we going to pay for these Trump tax cuts? We explain!

Related episodes:
What's going to happen to the Trump tax cuts? (Apple / Spotify)
Slender Starbucks, Medicaid at risk, and the gold card visa (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Bond market nightmares

15 maj 2025 | 9 min

In early April, the bond market gave people a scare. Investors began selling off their historically secure U.S. Treasuries in large quantities. It reportedly encouraged President Trump to pause his flurry of liberation day tariffs. These jitters offered a glimpse into what could go wrong for U.S. Treasuries if economic uncertainty gets worse. On today's show, we take a peek at some nightmare scenarios for the bond market.

Related episodes:
Who's advising Trump on trade (Apple / Spotify)
IRS information sharing, bonds bust, and a chorebot future (Apple / Spotify)
Bond vigilantes. Who they are, what they want, and how you'll know they're coming (Apple / Spotify)
Is the reign of the dollar over? (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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What we misunderstand about gun violence

14 maj 2025 | 9 min

The U.S. is known around the world for its problem with gun violence. The vast majority of murders in the U.S. are committed using guns. But what leads one person to shoot another? The "conventional wisdom" says gun violence is usually the act of calculated criminals or people acting out of desperate economic circumstances. But economist Jens Ludwig believes the conventional wisdom is wrong. Today on the show, he explains why he believes many of us fundamentally misunderstand the problem of gun violence and how behavioral economics reveals some potential solutions.

Jens's new book detailing his research into gun violence is called "Unforgiving Places: The Unexpected Origins of American Gun Violence".

Related episodes:
Can credit card codes help address gun violence?
The money going into and out of gun stocks
Guns and The Trump Slump

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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A brief history of NPR funding

13 maj 2025 | 10 min

Where does NPR get its funding? Today on the show, we open our books and share a brief history of public radio. And we learn what's at stake with President Trump's executive order to cut off federal funding to NPR.

Under NPR's protocol for reporting on itself, no corporate official or news executive reviewed this story before it was posted publicly.

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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It's actually really hard to make a robot, guys

12 maj 2025 | 9 min

Robots have been a thing for a long time, but they've never quite met expectations. While AI has changed the game for chatbots, it's not quite so clear for robots. NPR science desk correspondent Geoff Brumfiel spoke to our colleagues over on our science podcast Short Wave on how humanoid robots are actually developing with the help of artificial intelligence. It was a fascinating discussion and so we are sharing that conversation with you today on the Indicator.

Related episodes:
Is AI underrated? (Apple / Spotify)
Is AI overrated? (Apple / Spotify)
Dial M for Mechanization (Apple / Spotify)

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What's in YOUR wallet?

9 maj 2025 | 10 min

It's ... Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news.

On today's episode: China bulks up for a financial chill, how much Americans should save for a rainy day, and the price of used cars goes up.

Related episodes:
America's small GDP bump, China's big stimulus dispersal, and a Monkey King (Apple / Spotify)
How nonprofits get cash from your clunker (Apple / Spotify)
IRS information sharing, bonds bust, and a chorebot future (Apple / Spotify)

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It's hard out there for a Fed chair

8 maj 2025 | 9 min

President Trump has flirted with firing Federal Reserve Chair Jerome Powell since returning to office, but can he legally do that? Not without good cause. Today on the show, the danger of Trump's amped up attacks on Powell and the Fed's independence.

Follow Chris Hughes on Substack.

Related listening:
A primer on the Federal Reserve's Independence (Apple / Spotify)
Arthur Burns: shorthand for Fed failure?

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Why do shrimpers like tariffs?

7 maj 2025 | 10 min

Many businesses are scared of what President Trump's tariffs will mean for their industry. However, the shrimping industry is one that doesn't seem to be worried. In fact, shrimpers say they welcome them. On today's episode, why shrimpers are embracing the tariffs and whether economists agree that this tariff is good for Americans.

Related episodes:
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Go ask ALICE about grocery prices (Apple / Spotify)
What the cluck is happening with egg prices? (Apple / Spotify)

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What do farmers do in a trade war?

6 maj 2025 | 10 min

Two American farmers tell us how they're feeling about a trade war that targets the soybean industry's biggest customer: China.

Related episodes:
How many times can you say uncertainty in one economic report? (Apple / Spotify)
Why Trump's potential tariffs are making business owners anxious (Apple / Spotify)

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Trump's cuts come for food banks

5 maj 2025 | 9 min

The Beigie Awards are back to recognize the regional Federal Reserve Bank with the best Beige Book entry. On today's episode, we shine a spotlight on a Midwest food bank.

Related episodes:
Why Midwest crop farmers are having a logistics problem (Apple / Spotify)
How many times can you say uncertainty in one economic report? (Apple / Spotify)

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American science brain drain

2 maj 2025 | 10 min

President Trump's federal cuts and scrutiny of academic institutions are forcing some U.S. scientists to head for the border. On today's show, an entomologist keeping America's farms safe from pests reconsiders America. And a CEO of a Canadian hospital explains how they are benefiting from the exodus.

Related episodes:
How much international students matter to the economy (Apple / Spotify)
What happens when billions of dollars in research funding goes away (Apple / Spotify)
A 'Fork in the Road' for federal employees (Apple / Spotify)

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How much international students matter to the economy

1 maj 2025 | 9 min

Many international students are rethinking their education in the United States as the federal government revokes visas, often over minor infractions. A shift away could carry a heavy economic toll, as international students contributed $44 billion to the U.S. economy last school year. So what happens when a generation of bright-eyed scholars decide to forgo school in the U.S. and take their dollars elsewhere?

Related episodes:
Do immigrants really take jobs and lower wages? (Apple / Spotify)
The long view of economics and immigration (Two Indicators) (Apple / Spotify)

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How stable is Stablecoin?

30 april 2025 | 9 min

Stablecoins are the latest digital asset to grab headlines. Congress is considering legislation around the cryptocurrency, and a Trump family-affiliated company is preparing to launch its own Stablecoin. But does this digital currency live up to its own name?

Related episodes:
What's this about a crypto reserve? (Apple / Spotify)
Is 'government crypto' a good idea? (Apple / Spotify)
WTF is a Bitcoin ETF? (Apple / Spotify)

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Is the US pushing countries towards China?

29 april 2025 | 9 min

As the U.S. goes head-to-head with the rest of the world on tariffs, those countries are trying to figure out their best diplomatic strategy. One dilemma countries have is how close they get with another global superpower: China. On today's show, we hear from Pakistan's Finance Minister Muhammad Aurangzeb about how the country is balancing trade relations with both countries.

Related episodes:
China's trade war perspective (Apple / Spotify)
Dealmaker Don v. Tariff Man Trump (Apple / Spotify)
Who's advising Trump on trade? (Apple / Spotify)

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When do boycotts work?

28 april 2025 | 9 min

For weeks, Target has been the subject of a boycott after its decision to pull back on diversity, equity, and inclusion (DEI) policies. And early data shows it's taken a toll on the company. But in other instances, boycotts haven't made much of a splash. Today on the show, when does a boycott actually make a difference?

Related episodes:
SPAM strikes back (Apple / Spotify)

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Student loans are back, U.S. travel is whack, and AI — please, step back

25 april 2025 | 9 min

It's ... Indicators of the Week! Our weekly look at the some of the most fascinating economic numbers from the news.

On today's episode, we investigate falling foreign travel to the U.S., why student loan default collections are back, and why maaaaaaaybe being so friendly with our AI chatbot pals has a cost.

Related episodes:
Economists take on student loan forgiveness
Is AI overrated? (Apple / Spotify)
Is AI underrated? (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Who's advising Trump on trade?

24 april 2025 | 9 min

President Trump has not been afraid to tack on tariffs over and over again. Allies and foes alike are anxiously wondering if the tariffs will stick or whether a trade deal will be made. On today's episode, we take a look behind the curtains of the White House administration and examine the advisors whispering into Trump's ear.

Related episodes:
Dealmaker Don v. Tariff Man Trump (Apple / Spotify)
China's trade war perspective (Apple / Spotify)
What keeps a Fed president up at night (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Tyler Jones. Music by Drop Electric.
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Dealmaker Don v. Tariff Man Trump

23 april 2025 | 9 min

Donald Trump grew up learning to make deals. He's also loved tariffs since the 1970s.

So are his market-shaking tariffs a bargaining chip? Or are they here permanently?

We go all the way back to Trump's childhood to try to figure out if Dealmaker Don or Tariff Man Trump is in charge.

Marc Fisher's book with Michael Kranish is Trump, Revealed.

Related episodes:
What's so bad about a trade deficit? (Apple / Spotify)
Why there's no referee for the trade war (Apple / Spotify)
Tariffied! We check in on businesses (Apple / Spotify)

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China's trade war perspective

22 april 2025 | 10 min

By now, you've heard a lot about how the U.S.-China trade war is affecting American consumers, businesses and the stock market. But how is the trade war being felt in China? Today on the show, two of NPR's in-house China experts, Emily Feng and John Ruwitch, explain the view from China.

Related episodes:
What might save China's economy (Apple / Spotify)
Tarrified! We check in on businesses (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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A trap-loving DJ takes on economics

21 april 2025 | 9 min

It's time for The Indicator Quiz! We test you, dear listener, on your knowledge of topics that we've covered on The Indicator.

Today's quiz show involves a DJ from Vancouver, Washington that tests his economic education on the World Trade Organization, the Panama Canal, and of course, Bad Bunny.

Play along with us and see how you do!

Are you interested in being a contestant on our next Indicator Quiz? Email us your name and phone number at indicator@npr.org and put "Indicator Quiz" in the subject line.

Related episodes:
WWE, a very expensive banana, and a quiz contestant (Apple / Spotify)

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Economic lessons learned from Investopedia (and Ferris Bueller)

17 april 2025 | 9 min

The current economic upheaval has lots of us scrambling for our glossaries and history books.

Today on the show, the editor-in-chief of Investopedia walks us through three vocab terms — spanning topics from tariff history to market volatility — that are spiking on the website lately.

Related listening:
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What's a moneyline bet anyway? (Apple / Spotify)
Why tariffs are SO back (Apple / Spotify)

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Did Trump enable insider trading?

16 april 2025 | 9 min

On the morning of April 9, President Trump posted on Truth Social "THIS IS A GREAT TIME TO BUY!!! DJT." Around four hours later, he announced a pause on some new tariffs, causing a stock market spike. Now, Democrats are demanding an investigation into possible insider trading. But were Trump's posts actually insider trading?

Related episodes:
Morally questionable, economically efficient (Apple / Spotify)
An insider trader tells all

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The spat over VAT

15 april 2025 | 9 min

If you've ever passed through airport customs overseas and been refunded a VAT — or value added tax — for souvenirs, you've benefited from the VAT system. But President Trump says VAT is unfair to the U.S. On today's episode, we learn what VAT is and what it isn't.

Related episodes:
What's so bad about a trade deficit? (Apple / Spotify)
Tarrified! We check in on businesses (Apple / Spotify)
Why there's no referee for the trade war (Apple / Spotify)

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How much is a weather forecast worth? (Update)

14 april 2025 | 9 min

The federal government has been tracking the weather for more than 150 years. But the rise of the Internet and big tech have made weather forecasting a more crowded space. Today on the show, the value of an accurate forecast and how the Trump administration's early moves are clouding the government's future forecasting. This piece originally aired in November 2024.

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Hazard maps: The curse of knowledge (Apple / Spotify)
Should we invest more in weather forecasting?
After a year of deadly weather, cities look to private forecasters to save lives

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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IRS information sharing, bonds bust, and a chorebot future

11 april 2025 | 9 min

Today on the show, we discuss why the IRS is sharing some taxpayer information, why bonds and stocks both fell, and how robots will replace you,or at least most of your chore wheel, in the near future.

Related episodes:
Why are stocks and bonds both falling?

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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What keeps a Fed president up at night

10 april 2025 | 9 min

"There's no bad weather, only bad clothing." That's the motto of the Federal Reserve Bank of Chicago, where Austan Goolsbee is president. As economic weather conditions stay unpredictable, Austan tells us how he's gearing up for tariffs, inflation, and more.

Related episodes:
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Tariffied! We check in on businesses (Apple / Spotify)
A chat with the president of the San Francisco Fed (Apple / Spotify)
Is the economy going stag(flation)?

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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What happens when an economist becomes prime minister?

9 april 2025 | 9 min

Today on the show, we meet Canada's new Prime Minister, economist Mark Carney.

What's it like when your former job — being a non-political banker who decides a country's interest rate — bleeds into your now-political decisions on everything?

Related episodes:
A polite message from Canada to the U.S. (Apple / Spotify)

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What's so bad about a trade deficit?

8 april 2025 | 9 min

President Trump claims a main goal of his crippling tariffs is to address the U.S. trade deficit. So is the U.S. trade deficit a problem? On today's show, why we'll never have a trade surplus with every single country; what the benefits of a trade deficit are; and whether or not the trade deficit affects jobs.

Related episodes:
Tariffied! We check in on businesses (Apple / Spotify)
Why there's no referee for the trade war (Apple / Spotify)
Common economic myths debunked (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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Tariffied! We check in on businesses

7 april 2025 | 9 min

Trump's wave of tariffs is here. Just about everyone in the world of business is still processing exactly what this means. It's a massive, widespread increase in taxes. Today on the show, we hear from business people we've had on the show who tell us what they're doing in response to the latest, and largest, wave of tariffs.

Related episodes:
Trump's contradictory trade policies (Apple / Spotify)
How's ... everybody doing? (Apple / Spotify)
How Shein became a fast-fashion behemoth (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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How states are scooping up federal workers

4 april 2025 | 8 min

It's Jobs Friday and all eyes are on government workers. Will the Trump administration's layoffs finally show up in the latest jobs report? Today on the show, we look at the numbers for federal workers and who's trying to hire them.

Related listening:
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The last time we shrank the federal workforce (Apple / Spotify)
A 'Fork in the Road' for federal employees (Apple / Spotify)
How local government is propping up the U.S. labor market

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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Why the great vinyl shortage is over

3 april 2025 | 9 min

There have now been a few major vinyl booms. And unbeknownst to many, a small village in the Czech Republic has been responsible for manufacturing a large number of these albums. On today's show, how this dominant player became a problem for its competitors in the U.S.

Related episodes:
Rumor has it Adele broke the vinyl supply chain
'Let's Get It On' ... in court (Update) (Apple / Spotify)

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What $10 billion in data centers actually gets you

2 april 2025 | 9 min

Billions of tech dollars flowing into a community to build data centers should transform a local economy ... right? Well, maybe not.

On today's episode: Why data centers create few permanent jobs. And why communities might want them anyway.

Related episodes:
Why China's DeepSeek AI is such a big deal (Apple / Spotify)
Is AI overrated? (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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Should we vote for all judges?

1 april 2025 | 9 min

Mexico is gearing up to directly elect federal and state judges for the first time this June. President Claudia Sheinbaum says the new system will combat nepotism and increase the integrity of the courts. But critics see it as a naked attempt to dilute the court's independence. Today on the show, how Mexico's judicial reforms are creating angst for businesses at home and abroad.

Related episodes:
SCOTUS: De-facto pro-business?

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Fact-checking by Cooper Katz-McKim. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Overly Friendly Emails and other marketing pet peeves

31 mars 2025 | 9 min

Brands trying to be your best bud. Generational labels. Gendered double standards.

Today on the show: three advertising experts bring their three pet peeves in advertisements.

Related episodes:
How to make an ad memorable (Apple / Spotify)
J. Screwed
The Gender Gap Series: The Problem With The Pink Tax

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Missing taxes, spiking copper and Napster's re-re-rebirth

28 mars 2025 | 10 min

On Indicators of the Week, we look at a huge projected tax shortfall, the price of copper and the afterlife of Napster, the peer-to-peer file-sharing service that refuses to die.

Related episodes:
A new-ish gold rush and other indicators (Apple / Spotify)
Can the Federal Reserve stay independent (Apple / Spotify)

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How nonprofits get cash from your clunker

27 mars 2025 | 9 min

Many nonprofits accept your used cars as a way to donate. This happens from Make-A-Wish America to Habitat for Humanity to ... public radio stations!

So, how does the process actually work? And who takes a cut along the way?

Today, we follow the car money.

Related episodes:
Show your love for The Indicator from Planet Money by making a donation

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Can Europe stand without the US?

26 mars 2025 | 9 min

As relations between the US and Europe continue to sour, European countries are working to lower their reliance on the U.S. for weapons and security. Today on the show, we ask what Europe needs to do to become independent militarily and what potential barriers could stand in the way.

Related episodes:
Europe's NATO members take an economic hit (Apple / Spotify)
Two Indicators: Economics of the defense industry (Apple / Spotify)

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How's ... everybody doing?

25 mars 2025 | 10 min

What's one word you'd use to describe the 2025 economy? That's the question we fanned out across the U.S. with microphones and open ears. From street parties in the South to an L.A. bookstore to a boardroom in Denver, we listen for financial signals in today's economy.

Related episodes:
How many times can you say uncertainty in one economic report? (Apple / Spotify)
The stock market is down, but you don't need to be (Apple / Spotify)
The highs and lows of US rent (Apple / Spotify)

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How specialization can lead to burn-out

24 mars 2025 | 9 min

Half of all workers are showing signs of burnout according to a survey of international workers. Burnout can come from feeling detached from your work's purpose, having too much work, or ... from specialization. Today on the show, we speak with Shigehiro Oishi, author of Life in Three Dimensions: How Curiosity, Exploration, and Experience Make a Fuller, Better Life.

Related episodes:
Is endless vacation a scam? (Apple / Spotify)
Why we work so much

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A new-ish gold rush and other indicators

21 mars 2025 | 9 min

It's Indicators of the Week! Our weekly look at interesting numbers from the news.

On today's show, we welcome back co-host Adrian Ma.

We also have the price of gold going up, German defense stocking up, and U.S. mergers and acquisitions slowing down.

Related episodes:
NPR's Adrian Ma remembers girlfriend, Kiah Duggins, who died in D.C. plane crash
Europe's NATO members take an economic hit (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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What's this about a crypto reserve?

20 mars 2025 | 9 min

In 2009, Bitcoin launched as the first cryptocurrency. Just under two decades, President Trump has signed an executive order to create the "Strategic Bitcoin Reserve and United States Digital Asset Stockpile." On today's show, we look at what the U.S. government plans for this new strategy, plus who benefits from a crypto reserve.

Related episodes:
Is an American sovereign wealth fund such a bad idea? (Apple / Spotify)
Is 'government crypto' a good idea? (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Why there's no referee for the trade war

19 mars 2025 | 9 min

Thirty years ago, the U.S. helped create the World Trade Organization, a group of countries linked by a common set of free trade agreements. But then the U.S., starting with the Obama administration, turned against the WTO. This leaves a void where there should be a referee to settle trade disputes between countries. On today's show, how American grievances paralyzed the WTO's dispute settlement system and what happens when the U.S. no longer wants to play by the rules it once agreed to.

Related listening:
A polite message from Canada to the U.S. (Apple / Spotify)
Trump's contradictory trade policies (Apple / Spotify)
Worst. Tariffs. Ever. (Update) (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Tyler Jones. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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What might save China's economy

18 mars 2025 | 9 min

China has set out its target for economic growth this year: around 5 percent. That's a hefty goal for a nation coming off a painful real estate slump. But leaders have their eyes set on other industries to help its economy grow. Today, we dig into the headwinds and tailwinds facing China's economy.

Related episodes:
The mess at the heart of China's economy (Apple / Spotify)
The race to produce lithium (Apple / Spotify)
What's really happening with the Evergrande liquidation (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Why is the federal government still killing coyotes?

17 mars 2025 | 9 min

The federal government spends millions of dollars each year on wildlife damage management, a program that includes killing thousands of coyotes. Yet this program may actually have the opposite effect on the coyote's population. Today on the show, why the government keeps spending money on a problem it can't fix.

Related episodes:
Shooting Bambi to save Mother Nature

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Southwest surprises, tariff guac shock, and fraud flourishes

14 mars 2025 | 9 min

It's Indicators of the Week! Our weekly look at interesting numbers from the news.

On today's show, we have Southwest Airlines changing course on their free checked bag policy, skyrocketing fraud, and Americans' insatiable appetite for avocados.

Related episodes:
More fraud, higher bond yields, and faster airline boarding

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How many times can you say uncertainty in one economic report?

13 mars 2025 | 9 min

Uncertainty. That's the word-of-the-moment with tariffs, market swings and lots of economic volatility. It's also showing up in the Federal Reserve's latest Beige Book, featuring anecdotes across the U.S. economy. On our latest edition of the Beigies, what can a farmer from the Mississippi Delta tell us about uncertainty?

Related episodes:
How USAID cuts hurt farmers (Apple / Spotify)
Why Trump's potential tariffs are making business owners anxious (Apple / Spotify)

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Fact-checking by Tyler Jones. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The stock market is down, but you don't need to be

12 mars 2025 | 8 min

Government cuts. Tariff uncertainty. Sticky interest rates. These are not helping the tumbling stock market. There's a sinking feeling among some Americans that a crash is imminent.

But ... should we all be so worried? Today, we brush away the cobwebs of stock market fear and confusion, and bring some long-held facts to the surface.

Related episodes:
Why to look twice when your portfolio is doing well (Apple / Spotify)
The cautionary tale of a recovering day trading addict (Apple / Spotify)

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Can you take government spending out of GDP?

11 mars 2025 | 8 min

The Trump administration has some nits to pick with government spending: They don't think it should be counted as part of the country's GDP, that it should be counted separately.

In today's episode, we look at why government spending is part of the U.S.'s GDP and we speculate why Trump's administration might want to take it out ... and what that could mean.

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What Bad Bunny teaches us about Puerto Rican tax law

10 mars 2025 | 9 min

Bad Bunny's new album DeBÍ TiRAR MáS FOToS laments how Puerto Rico is changing. We look at whether tax breaks to newcomers contributed.

Related episodes:
The battle for Puerto Rico's beaches
We Set Up An Offshore Company In A Tax Haven

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Can ... we still trust the monthly jobs report?

7 mars 2025 | 9 min

Between the Trump administration wanting to change how GDP is calculated and DOGE accessing sensitive government information, statistical agencies are under the microscope. Can we still trust official numbers like the monthly jobs report? A former Bureau of Labor Statistics commissioner shares her worries about the future integrity of government data.

Related episodes:
Behind the scenes of Jobs Friday

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What to make of the Ukraine minerals deal

6 mars 2025 | 9 min

Even after Monday's pause on military aid to Ukraine following the Oval Office blow-up, it looks like a minerals deal between the U.S. and Ukraine is back on the table. We dive into what this potential deal would actually look like and whether Ukraine's minerals really live up to the hype.

Related episodes:
An end to China's rare earth monopoly? (Apple / Spotify)
The cost of a dollar in Ukraine (Apple / Spotify)

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Is the Panama Canal a rip-off?

5 mars 2025 | 9 min

Who pays to use the Panama Canal and how much? These questions are part of the tensions between the U.S. and Panama after President Trump threatened to take over the canal. We look at the global shipping lane's fee structure in light of the president's claim that the U.S. is getting ripped off.

Related episodes:
A drought, a jam, a canal — Panama!
Add to cart: Greenland (Apple / Spotify)

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Can the Federal Reserve stay independent?

4 mars 2025 | 10 min

President Trump has been on an executive order-signing spree since returning to office, with 76 so far. Today we look at two of them. Can the Fed really split up independent and non-independent roles? And what does DOGE's cost-cutting streak add up to?

Related episodes:
Slender Starbucks, Medicaid at risk, and the gold card visa (Apple / Spotify)
What happens with billions in research funding goes away (Apple / Spotify)
Should presidents have more say over interest rates? (Apple / Spotify)

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How tourist destinations recover after terrorism

3 mars 2025 | 8 min

Mardi Gras is in full swing. It's a crucial time for the New Orleans' economy, but the celebrations are cast behind the shadow of the recent terrorist attack. Today on the show, we talk about how terrorism impacts tourism and why some places recover faster than others.

Related episodes:
Do dollar store bans work (Apple / Spotify)

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Slender Starbucks, Medicaid at risk, and the gold card visa

28 februari 2025 | 9 min

It's Indicators of the Week! Our weekly look at interesting numbers from the news.

On today's show, we have potential cuts ahead for Medicaid, Starbucks goes back to basics and gold card immigration.

Related episodes:
How Magic Johnson's Starbucks created new neighborhood businesses (Apple / Spotify)
What's missing in the immigration debate (Apple / Spotify)

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Europe's NATO members take an economic hit

27 februari 2025 | 9 min

When it comes to defense, one thing looks certain: European members of the North Atlantic Treaty Organization (NATO) are going to have to pay more. Countries that are struggling economically will soon need to spend hundreds of billions of dollars. Can they do it?

Related episodes:
Can Europe fund its defense ambitions? (Apple / Spotify)
The weapons supply chain

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A polite message from Canada to the U.S.

26 februari 2025 | 9 min

President Donald Trump has said that Canada should be the 51st state... and Canadians? Well, they're furious about it. The nation's former finance minister is calling Trump the biggest threat Canada has faced since World War 2. So today on the show, we dig into what lessons Canada can teach the US, and how the two North American nations are already deeply intertwined.

Related episodes:
Add to cart: Greenland (Apple / Spotify)
Canada's key resource against Trump's potential trade war (Apple / Spotify)

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What's the long-term cost of federal layoffs?

25 februari 2025 | 9 min

The personal story of how an energetic lawyer got knocked off from her dream career and what she thinks that might mean for whether the government can attract talented people in the future.

Related Episodes:
A 'Fork in the Road' for federal employees (Apple / Spotify)
Bailing out the FAIR plan, broligarchs beef, and CFPB RIP? (Apple / Spotify)

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What if our income was taxed ... totally differently?

24 februari 2025 | 9 min

We are back to answer YOUR listener questions. This time, we answer why bananas can be considered the 'unbothered fruit', what a flat income tax would actually look like, and how extended-hours stock trading works. If you have your own question about the economy, please email us at indicator@npr.org.

Related episodes:
My Favorite Tax Loophole (Apple / Spotify)
The cautionary tale of a recovering day trading addict (Apple / Spotify)
So imPORTant: Bananas, frogs, and... Bob's?? (Apple / Spotify)

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Chicken meat, Gulf of Mexico lawsuit and Social Security beyond the grave

21 februari 2025 | 9 min

Surprisingly stable chicken meat prices, a lawsuit threat against the Gulf of Mexico's name change, and the Trump administration's false claims about Social Security beyond the grave are all under the microscope on this edition of Indicators of the Week.

Related episodes:
What the cluck is happening with egg prices?
What does the next era of Social Security look like?
The fight for a legendary shipwreck's treasure

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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What happens when billions of dollars in research funding goes away

20 februari 2025 | 9 min

Federal funding from the National Institutes of Health has driven the biomedical research industry in cities across America including Birmingham, Alabama. It's helped support research into life-saving treatments for cancers, strokes and Parkinson's. But, the Trump Administration says the NIH is getting ripped off in how those grants are calculated. We take a look.

Related episodes:
The gutting of USAID (Apple / Spotify)
A 'Fork in the Road' for federal employees (Apple / Spotify)

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How USAID cuts hurt American farmers

19 februari 2025 | 8 min

The ties between U.S. foreign aid and American agriculture run deep — or at least used to. The U.S. International Agency for Development, or USAID, is the largest provider of humanitarian food aid in the world. Much of that aid comes from U.S. farmers, whose corn, wheat and rice is sold in bulk to the government for USAID's programs. What happens now if those programs end?

Link to Jordan Schermerhorn's research of USAID ties by state.

Related episodes:
The gutting of USAID (Apple / Spotify)
A 'Fork in the Road' for federal employees (Apple / Spotify)
Trump threatens the grim trigger (Apple / Spotify)

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What the cluck is happening with egg prices?

18 februari 2025 | 9 min

We visit a local egg farm and talk to an industry analyst to get to the bottom of why the prices of eggs are soaring so quickly and when they might come back to earth.

Related episodes:
Egg Prices: States Cry Foul
Indicators of the Week: tips, eggs and whisky
Go ask ALICE about grocery prices

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WWE, a very expensive banana, and a quiz contestant

17 februari 2025 | 9 min

It's time for The Indicator Quiz! We test you, dear listener, on your knowledge of topics that we've covered on The Indicator.

Today's quiz is an economic smorgasbord, ranging from the WWE to the silver tsunami.

Play along with us and see how you do!

Are you interested in being a contestant on our next Indicator Quiz? Email us your name and phone number at indicator@npr.org and put "Indicator Quiz" in the subject line.

Related episodes:
AI Tupac, sin taxes, and a soon-to-be college sophomore (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

CORRECTION: In this episode we referred to WWE (World Wrestling Entertainment) and PCE (Personal consumption expenditures) as acronyms, which is incorrect; they are initialisms, a type of abbreviation that uses the first letters of words in a phrase but, unlike acronyms, is spoken with the individual letters.

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Bailing out the FAIR plan, broligarchs beef, and CFPB RIP?

14 februari 2025 | 9 min

What's going on with the FAIR plan in a post-Eaton and Palisades fires California? What's the backstory to the frozen Consumer Financial Protection Bureau? And why are the two tech bros very publicly going at it?

Indicators of the Week explains!

Related episodes:
How a consumer watchdog's power became a liability

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The gutting of USAID

13 februari 2025 | 9 min

The United States Agency for International Development, or USAID, has funneled humanitarian aid to countries around the globe for over six decades. Today on the show, people familiar with USAID's work describe the fall-out from the Trump administration's sudden dismantling of the agency, and what that means for the country's longstanding use of foreign aid to advance American national security and economic goals.

Related episodes:
A 'Fork in the Road' for federal employees (Apple / Spotify)
Trump threatens the grim trigger (Apple / Spotify)
Why are some nations richer?

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Exposing Charles Ponzi

12 februari 2025 | 10 min

The name Charles Ponzi immediately recalls the financial scheme that bears his name. But what of the man who helped expose Ponzi's scheme? Today on the show, the incredible, little known story of Simon Swig, who upended Boston's financial and banking world in the early 20th century before crossing paths with the notorious scammer.

Related episodes:
Charles Ponzi's scheme

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The U.K.'s tariff balancing act

11 februari 2025 | 9 min

President Donald Trump has already made noise with tariff threats against the United States' North American trading partners. And soon, the United Kingdom could become another target which has a chance to drive a wedge between the U.K's trade relationship with the EU.

Today on the show, we explore what the U.K. could possibly offer the United States to ease trade tensions.

Related episodes:
Trump threatens the grim trigger
Why tariffs are SO back
How Trump's tariffs plan might work

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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How the memecoin game is played

10 februari 2025 | 9 min

Memecoins are having a moment, but who's making money off them? On today's show, how a dearly beloved internet squirrel found an afterlife as a cryptocurrency and how others, including President Trump, are trying to capitalize on online fame.

Related episodes:
Is government crypto a good idea? (Apple / Spotify)
WTF is a bitcoin ETF? (Apple / Spotify)
Who let the Doge(coin) out?

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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A 'Fork in the Road' for federal employees

7 februari 2025 | 9 min

The job security of government employees has been in the spotlight since President Trump took office with big plans to slash the federal workforce. About 2 million employees were given an offer to quit their jobs. The government says those who resign can collect pay and benefits through September without working. But is this offer even legal?

Today on the show, an employment lawyer shares his concerns about the government's offer. And we talk to some of those federal workers about making this critical decision during an uncertain time.

Related episodes:
Federal hiring is about to get the Trump treatment (Apple / Spotify)

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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How would a US sovereign wealth fund even work?

6 februari 2025 | 9 min

What is a sovereign wealth fund? President Trump's executive order calling for a plan to start a U.S. sovereign wealth fund is not a new idea. But it remains a topic of much debate among economists and policymakers. So is a national sovereign wealth fund a good or even viable idea?

A version of this episode originally aired Oct. 1, 2024.

Related episode:
Why oil in Guyana could be a curse

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Trump's tariff role model

5 februari 2025 | 9 min

President Trump speaks fondly of William McKinley, the 25th U.S. president who was a strong advocate for tariffs. He's credited with helping to protect the fledgling tinplate industry in the late 19th century. But did the tariff work? We take a closer look at McKinley's tinplate tariff and if it was worth the cost.

Related episodes on tariffs:
Trump threatens the grim trigger (Apple / Spotify)
Canada's key resource against Trump's possible trade war (Apple / Spotify)
Why Trump's potential tariffs are making business owners anxious (Apple / Spotify)
Trump's contradictory trade policies (Apple / Spotify)
How Trump's tariff plan might work (Apple / Spotify)
Worst. Tariffs. Ever. (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Trump threatens the grim trigger

4 februari 2025 | 9 min

President Donald Trump had promised new tariffs on Canada, Mexico and China. However, after negotiations with both Mexico and Canada on Monday tariffs against those countries are paused for at least a month. He said tariffs are not a negotiating tool, but he's used them as one as recently as January in a dispute with Colombia. Today, we dissect the game theory behind Trump's use of tariffs.

Related episodes:
Canada's key resource against Trump's potential trade war (Apple / Spotify)
How tariffs have been used throughout US History (Apple / Spotify)
The game theory that led to nuclear standoffs (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The reality stopping water pipelines to the parched western US

3 februari 2025 | 10 min

With so much water in the eastern U.S., why can't the region pipe some of it to its drought-prone neighbors in the West? This perennial question nags climate journalists and western water managers alike. We break down why building a pipeline is unrealistic right now for the Colorado River.

Related episodes:
How Colorado towns are trying to get some water certainty
The trouble with water discounts

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Running the numbers on deportation, interest rates and math

31 januari 2025 | 9 min

Why haven't American 8th graders' math scores recovered? Does Immigration and Customs Enforcement (ICE) actually have the resources to make all the deportations Trump's promised? And what's the path for interest rates in the Trump economy? All that on Indicators of the Week.

Related Episodes:
The U.S. once banned Chinese immigrants — and it paid an economic price
Why Is The Fed So Boring?

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Canada's key resource against Trump's potential trade war

30 januari 2025 | 9 min

Canadians have a key leverage point if President Trump makes good on his threat to impose 25% tariffs: oil. We talk to a business journalist with the Canadian Broadcasting Corporation on why oil would be the "biggest arrow in the quiver" should Canada and the U.S. descend into a trade war — but only as a last resort.

Listen to CBC's Cost of Living with Paul Haavardstrud here.

Related episodes:
I will PAY you to take my natural gas
Oil prices and the Israel-Hamas war

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Federal hiring is about to get the Trump treatment

29 januari 2025 | 9 min

President Trump is making big moves to shrink and reshape the federal workforce. He's offered buyouts, instituted a hiring freeze, and called for prioritizing job seekers who are "passionate about the ideals of our American Republic." While his actions have drawn criticism, some see an opportunity for the new administration to improve the federal hiring process.

Today on the show, Jennifer Pahlka, Senior Fellow at the Niskanen Center, tells us why, in her view, government hiring has been broken for a long time while sharing her thoughts on Trump's proposals to fix it.

Related episodes:
What happens when Social Security runs out of money? (Apple / Spotify)
Why Trump's potential tariffs are making business owners anxious (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The cautionary tale of a recovering day trading addict

28 januari 2025 | 9 min

The story of a man who started buying and selling stocks as a hobby ... and got seriously addicted. We also speak with a neuroeconomist about the human brain on day trading.

Related episodes:
The young trolls of Wall Street are growing up
Invest like a Congress member

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How GoFundMe can affect your FEMA eligibility

27 januari 2025 | 9 min

With the LA wildfires still burning, we were left with a lot of questions. Today, we answer two of them: whether GoFundMe campaigns could interfere with receiving federal assistance and how much of those "proceeds" from special product sales actually go to wildfire victims.

Related episodes:
After the fires (Apple / Spotify)
Why is insurance so expensive right now? And more listener questions (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Why China's DeepSeek AI is such a big deal

24 januari 2025 | 9 min

Indicators of the Week unpacks numbers from the news. This week, we delve into what President Trump's first AI announcement reveals about the economics of the industry, a Chinese company's answer to OpenAI, and the reason why Prince Harry may have settled with Rupert Murdoch's media empire.

Related listening:
Is AI overrated or underrated? (Apple / Spotify)
AI creates, transforms and destroys... jobs

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Why Trump's potential tariffs are making business owners anxious

23 januari 2025 | 8 min

A freshly re-inaugurated President Trump is reportedly considering making his first moves on tariffs: a 10% tariff on Chinese imports and a 25% tariff on imports from Canada and Mexico, both of which he says could start as early as next week.

If the U.S. slaps tariffs on foreign products, U.S companies that import foreign goods, and their customers, will bear the cost. But, before any of that happens, businesses can also face a less tangible cost—uncertainty.

Today on the show, we hear from a couple business owners who experienced Trump's first trade war. And we'll learn how the uncertainty from tariffs, or just the threat of them, can have ripple effects throughout the economy.

Related episodes:
How Trump's tariffs plan might work
Trump's contradictory trade policies

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Go ask ALICE about grocery prices

22 januari 2025 | 9 min

Grocery prices have gone up 27 percent since before the pandemic. And high prices are especially painful for lower income households, who have less wiggle room to adjust their spending. But their experience isn't always reflected in broad measures of inflation.

Today on the show, we look at a different way of measuring price increases that's designed to capture the pain that many households feel daily, including at the supermarket.

Read more about the ALICE Essentials Index.

Related Episodes:
A food fight over free school lunch
Feeling inflation in the grocery store

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Add to cart: Greenland

21 januari 2025 | 9 min

President Donald Trump's proposal that the United States take "ownership" of Greenland has raised a lot of eyebrows. Can the U.S. just buy itself this big territory? Is that a thing? Turns out if you look at U.S. history, it's absolutely a thing.

Today on the show: how massive land deals called "sovereignty purchases" have shaped the country we live in today, and why the idea of the U.S. buying Greenland is a lot more complicated than it would have been in the past.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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Student loans, savings accounts, and goodbye to artificial red dye

17 januari 2025 | 9 min

It's ... Indicators of the Week! Our weekly look at some of the most fascinating numbers from the news.

On today's episode, we examine three measures the Biden administration is squeezing in before the clock runs out. Those include student loan cancellations, a lawsuit against Capital One, and the banishment of a sweet, sweet artificial dye.

Related Episodes:
How a consumer watchdog's power became a liability
Why big banks aren't interested in your savings account

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Who's on the hook for California's uninsurable homes?

16 januari 2025 | 8 min

The Southern California wildfires are devastating large swathes of Los Angeles, destroying homes and businesses and displacing thousands. In the state's strained insurance system, homeowners who can't get fire coverage from traditional insurers are left with just one option—the FAIR Plan.

Today on the show, we explain how the FAIR Plan works and the existential problems it now faces as the wildfires put new pressure on California's insurance market.

Related episodes:
When insurers can't get insurance

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The race to produce lithium

15 januari 2025 | 8 min

Lithium is one of the hot commodities of the 21st century: needed for electric vehicles, semiconductors needed for AI, and grid-scale batteries. While the U.S. was once a pioneer in lithium production, it's fallen off — with others, including China, taking the reins. On our third and final episode of our grid battery series, we look at the race to produce the key ingredient in most of these batteries.

Related episodes:
How batteries are already changing the grid (Apple / Spotify)
How EV batteries tore apart Michigan (Update) (Apple / Spotify)
The surprising leader in EVs (Apple / Spotify)
How China became solar royalty (Apple / Spotify)

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How batteries are riding the free market rodeo in Texas

14 januari 2025 | 8 min

If you want to build a grid-scale battery project in Texas, be prepared to ride the free-market rodeo. On our second episode of this week's battery series, we visit the state that has the second-most battery storage capacity to understand whether large-scale batteries can help prevent blackouts.

Related episodes:
How batteries are already changing the grid (Apple / Spotify)
Texas' new power grid problem (Apple / Spotify)

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How batteries are already changing the grid

13 januari 2025 | 9 min

Renewable energy, when it comes to solar and wind power, has always had a caveat: it can only run when the wind blows or the sun shines. The idea of a battery was floated around to make renewables available 24/7. For years, it existed as an expensive, little-used technology. And then in 2021, it took off.

In California, there is now enough grid-scale battery storage to power millions of homes, at least for a few hours, and it's growing fast. How did that happen, and what does the newfound success mean for the grid?

This week, we dig into three stories about grid-scale battery storage. Today, we go on-the-ground to California, where batteries first took off in the U.S.

Related episodes:
Rooftop solar's dark side (Apple / Spotify)
How EV batteries tore apart Michigan (Update) (Apple / Spotify)
How China became solar royalty (Apple / Spotify)
Wind boom, wind bust (Two windicators) (Apple / Spotify)

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What's going on with men's labor force participation?

10 januari 2025 | 9 min

It's the first Jobs Friday of the new year, and there's good news!

The unemployment rate ticked down slightly to 4.1%, and the economy added 256,000 jobs. So, for the last month of 2024, the jobs market finished pretty strong.

Today on the show, we look at the indicators from this month's jobs report that give us a snapshot of where our economy's headed. We look at how men are potentially reversing a decades-long trend of declining labor force participation, how people who are unemployed are staying that way for longer and how a lot of Americans saw their wages rise in 2024.

PLUS ... we reveal the winner of our Indicator of 2024!

Related episodes:
Help us pick the indicator of the year!
Getting more men into so-called pink-collar jobs

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What's a moneyline bet anyway?

8 januari 2025 | 9 min

The online financial website Investopedia compiles an annual list of the top ten financial terms that drew the most interest from their audience. The 2024 list covers familiar concepts like inflation and tariffs, as well as more niche terms like moneyline bets and stock splits. Today, we visit the highlights of 2024 in economic terms.

The 2024 Investopedia Terms of the Year

Related episodes:
The Indicator's bet on the Super Bowl
How Trump's tariffs plan might work
The tower of NVIDIA

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Why Netflix spent billions for WWE

7 januari 2025 | 8 min

Last night, after years on cable, WWE's flagship show, Monday Night Raw, made its debut on Netflix. It's another example of live sports programming making the move to streaming as more people abandon cable television.

Today on the show, we talk to a TV analyst about what Netflix's increasing investments in live sports means for the war between streamers and cable companies.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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The water mystery unfolding in the western U.S.

6 januari 2025 | 9 min

There's a rural area in Arizona with massive groundwater basins underneath the earth. Water should be plentiful there, but wells are running dry. Today on the show, what's behind the water issues in rural Arizona?

Related episodes:
Why Midwest crop farmers are having a logistics problem (Apple / Spotify)
Why the US government is buying more apples than ever (Apple / Spotify)

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President Jimmy Carter's economic legacy

3 januari 2025 | 9 min

On this edition of Indicators of the Week, we discuss the economic legacy of former President, Jimmy Carter. Today on the show, we detail some of his top accomplishments from empowering the Federal Reserve's aggressive approach to inflation, deregulation of major industries and his push for cost saving energy measures that we still feel to this day.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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Why to look twice when your portfolio is doing well

2 januari 2025 | 8 min

People with American stocks in their portfolio are likely very happy right now. U.S. stocks were on a tear in 2024. But to some investors, that's a reason to look a longer look at their portfolio. Today on the show, one investor makes the case for the only free lunch in finance: diversification.

Related episodes:
Invest like a Congress member (Apple / Spotify)
Rethinking what counts in investing (Apple / Spotify)

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The curious rise of novelty popcorn buckets (Encore)

31 december 2024 | 10 min

Even before the Dune: Part 2 popcorn bucket went viral this year, movie theaters have been trying all types of ways to lure customers back. There's reclining seats, expanded menu options, and even more merchandise. Today on the show, we track the rise of the popcorn bucket and its afterlife on eBay.

This piece originally aired on July 23, 2024.

Related episodes:
Coyote vs. Warner Brothers Discovery (Apple / Spotify)
Why platforms like HBO Max are removing streaming TV shows (Apple / Spotify)
Is movie night back?

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Invest like a Congress member (Encore)

30 december 2024 | 9 min

There are some new funds that track stock trading by members of Congress and their family. So we thought, why don't we get in on that?

Today on the show, we crack open the Planet Money Investment Jar to learn more about how our political leaders play the market, investing in funds tracking Democratic and Republican stock trades.

Whether Congressional stock trading should be limited is a hotly debated matter. So to test whether lawmakers are beating the market, Dartmouth College economist Bruce Sacerdote and his co-authors pitted lawmakers' stock picks against reindeer at a Christmas-styled theme park.

Trust us for this ride! It'll all make sense with some intriguing results.

This piece originally aired June 18, 2024.

Related listening:
Stock traders are trying to beat the market — by copying lawmakers
WTF is a Bitcoin ETF?(Apple / Spotify)
Planet Money's Toxic Asset
Planet Money Summer School: Investing

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Half a billion people need reading glasses. Why can't they get them? (Encore)

27 december 2024 | 9 min

If you need some reading glasses in the United States, you don't have to break the bank to pick some up. That's important for older folks who need a little extra magnification. But in some parts of the world, people who need readers don't have that privilege. Today on the show, we'll find out why that is and learn the economic solution to the reading glasses shortage.

This piece originally aired October 9, 2024.

Related episodes:
Two indicators: supply chain solutions (Apple / Spotify)

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How video games become more accessible (Encore)

26 december 2024 | 9 min

Gaming provides entertainment and community for billions of people worldwide. However, video games haven't always been accessible to those with disabilities. But this is changing. Today we explain how accessibility has become an increasingly important priority for game developers and how advocates pushed them to this point.

This piece originally aired April 23, 2024.

Related episodes:
Forever games: the economics of the live service model (Apple / Spotify)
The Indicator's video game series

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How TV holiday rom-coms got so successful (Encore)

24 december 2024 | 10 min

Happy Holidays from The Indicator! For the next week, we're running some of our favorite shows from this year. On today's show, we fire up the gas logs and pour a mug of cocoa to discuss the made-for-TV rom-com machine, and how television executives learned to mass produce seasonal romance.

This piece originally aired October 21, 2024.

Related episodes:
Love Week series page
TV holiday rom coms and the alpaca bubble that burst (PM+ only)

Special thanks to Grant-Lee Phillips for our Love Week theme song and Kaitlin Brito for episode artwork.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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What indicators will 2025 bring?

23 december 2024 | 10 min

2024 is over (phew!). We had weird consumer sentiment vibes, Bitcoin went to the moon, and the economy might have achieved a soft landing. And that's just a few 2024 indicators!

As we enter 2025, what indicators should we keep an eye on? Planet Money co-hosts Kenny Malone and Jeff Guo look ahead with Adrian Ma for Indicators of the Year ... Ahead!

Related Episodes:
Econ Battle Zone: Disinflation Confrontation
The Fed cut rates ... now what? (featuring: Sasquatch)
The Indicators of this year and next (2023)

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Help us pick the indicator of the year!

20 december 2024 | 9 min

2024 was a wild year for the U.S. economy: The economy did well in terms of inflation and unemployment, but vibes ruled the roost. (Mostly didn't feel great!) Additionally, Bitcoin went to the moon and some wacky stuff was happening with unemployment and job opening rates, showing that we might have achieved an economic soft landing.

So ... which of these economic stories defined the year?

Our hosts from Planet Money and The Indicator duke it out in ... Family Feud!

Tell us who you think won today's episode by submitting your vote to Planet Money's Instagram or email us with "Family Feud" in the subject line.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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Related Episodes:
Is the financial media making us miserable about the economy?
What's behind Bitcoin's bullrun?
What the Beveridge curve tells us about jobs

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Can empty-nesters boost housing affordability?

19 december 2024 | 9 min

The "silver tsunami" of aging Americans is often seen as a potential way to alleviate the country's housing affordability woes. However, the data suggests that an influx of empty-nester homes coming on the market won't have much of an impact on the problem—because of a geographical mismatch.

Today on the show, we speak to an economist who's looked into the silver tsunami's impact on the housing market and thinks this theory might be more of a red herring.

This episode was fact checked by Sierra Juarez

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The graying of America
What would it take to fix retirement?
How big is the US housing shortage?
The highs and lows of US rents

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Trump's contradictory trade policies

18 december 2024 | 8 min

President-elect Donald Trump has called for a weaker dollar given it would be good for American exporters. But tariffs, a staple of his economic policy, would actually strengthen the dollar. Today on the show, we explain tariffs and currencies by following one bag manufacturer from New Jersey.

Related episodes:
How Trump's tariffs plan might work (Apple / Spotify)
Worst. Tariffs. Ever. (update) (Apple / Spotify)

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Do job references matter?

17 december 2024 | 9 min

In the not-so-distant past, serving as someone's job reference meant answering a few questions over the phone. Nowadays, that process is often more involved, with prospective employers asking references for written responses or to fill out a form online. What's behind this shift? On today's show, we check in on reference checks, and ask whether they still matter.

Related episodes:
Ghost jobs (Apple / Spotify)

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There are a lot of billionaires in Trump's coming administration

16 december 2024 | 9 min

President-elect Donald Trump's administration picks are shaping up to be a very affluent bunch. If all are confirmed, Trump's incoming administration would be the wealthiest in the nation's history with a combined net worth upwards of $300 billion.

Today on the show, we talk to a few experts about how massive amounts of wealth in high levels of government can impact policy.

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Why the US economy is still the envy of the world

14 december 2024 | 17 min

The Economist's Simon Rabinovitch argues the U.S. economy has a set of structural advantages that have allowed it to perform remarkably well in the last couple of years compared to other developed countries. But could President-elect Donald Trump's second term in office put that edge at risk? Adrian Ma spoke with Rabinovitch for a recent episode of The Indicator. This episode is an extended cut of their conversation, previously released for Planet Money+ supporters.

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A supermarket beef, a quantum leap, and Christmas trees for cheap

13 december 2024 | 10 min

It's the most wonderful time of year, er, week, because it's that time when we look at the most fascinating economic numbers from the news.

On today's Indicators of the Week: A messy grocery store breakup, a quantum leap in subatomic computing and an unexpected change to the Christmas tree market.

Happy holidays!

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We buy a lot of Christmas trees
Can an old law bring down grocery prices?

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An economist's role in the fall of Syria's government

12 december 2024 | 9 min

In 2012, Karam Shaar had to leave his home country of Syria due to the civil war. But he still wanted to make a difference. Through his economic analysis, he uncovered concerning patterns about how the Assad regime and its cronies were siphoning money from humanitarian aid. Today on the show, the story of how one Syrian exile contributed to the resistance while on the other side of the world.

Related episodes:
The cost of a dollar in Ukraine (Apple / Spotify)

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The brewing recovery in Western North Carolina

11 december 2024 | 9 min

The Federal Reserve's last Beige Book of 2024 is like Spotify Wrapped but for the economy. There's a little bit of everything inside — labor markets, inflation and even natural disasters. On today's show, we spotlight Western North Carolina's challenging recovery after Hurricane Helene, and check in with an Asheville malt manufacturer on the impact to local businesses.

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The Tuna Bonds Scandal and the fishy business of hidden debt

10 december 2024 | 9 min

Back in 2016, the economy of Mozambique tipped into crisis. The culprit was a government corruption scandal linked to more than $1 billion that officials borrowed in secret.

This was a high-profile example of hidden debt, but it's far from the only example. In fact, this kind of secret borrowing is a large and common problem among countries.

Today on the show, a pair of economists share their new research on hidden debt and how it affects everyday people.

Related Episodes:
Why a debt tsunami is coming for the global economy
What looks like a bond and acts like a bond but isn't a bond?

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How influence actually works

9 december 2024 | 9 min

Influence. The ability to persuade, motivate, or connect with other people. It's one of these skills that's hard to measure, but incredibly important in the office. However, some would argue that we often misunderstand how influence works.

Today on the show, we talk to Steve Martin, Faculty Director of Behavioral Science at Columbia Business School, about the unspoken rules of influence in the workplace.

Steve is author of a recently published book titled, "Influence at Work".

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Men without college degrees aren't doing well

6 december 2024 | 10 min

Many men in America don't feel like they're doing as well as their fathers. But what does the data say? Today on the show, we speak to Richard Reeves from the American Institute for Boys and Men about what's really going on with men's wages and what potential solutions could look like.

Related episodes:
Jobs Friday: Why apprenticeships could make a comeback
Getting more men into so-called pink-collar jobs

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What a second Trump term could mean for SpaceX

5 december 2024 | 10 min

SpaceX is capping off a busy 2024, with more than 100 rocket launches, including its vaunted Starship. NPR Science Correspondent Geoff Brumfiel attended the November launch of Starship alongside SpaceX founder Elon Musk and president-elect Donald Trump. He spoke with NPR's Short Wave about the environmental impact of these launches in south Texas — and what a second Trump administration could mean for the company.

Related episode:
Elon's giant rocket

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What a difference a one-day strike makes

4 december 2024 | 9 min

From retail to fast food to nursing, one-day strikes have been a growing trend over the last decade.

But what makes one-day strikes more or less effective than longer strikes? Do they achieve the same goals?

On today's show, what do short strikes say about union power in the US and what can you accomplish with only 24 hours on the picket line.

Related Episodes:
What the data reveal about U.S. labor unrest
The Indicator Quiz: Labor Edition
The never-ending strike

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Boeing's biggest blunder? Financial engineering.

3 december 2024 | 11 min

Boeing continues to struggle. Safety concerns, a door blowing off mid-flight, a labor strike, impending layoffs ... and that's just the past year.

What's gone wrong at Boeing? For many observers, the mistake was shifting focus from engineering to financial engineering.

Today on the show we explain what financial engineering is and why this cultural change at Boeing may have led to the company's current problems.

Related Episodes:
Help Wanted at Boeing
Boeing's woes, Bilt jilts, and the Indicator's stock rally

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How Trump's tariffs plan might work

2 december 2024 | 9 min

President-elect Donald Trump made a lot of economic promises on the campaign trail, but none as sweeping as his plan to enact tariffs. Trump believes taxing imports from other countries will help reduce the U.S. trade deficit and raise money for things like tax cuts. Today on the show, how might these tariffs work and will they work? Or is everything about to get more expensive?

Find more of Kyla Scanlon's work on YouTube and TikTok.

Related episodes:
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Why tariffs are SO back (Apple / Spotify)
Trade wars and talent shortages (Apple / Spotify)
A brief history of tariffs

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What's in your wallet? Ask the new Treasury Secretary

27 november 2024 | 9 min

Many were waiting longer than expected to hear Donald Trump name his nominee for Treasury Secretary, the person in charge of pursuing his economic agenda. Now, we have an answer: hedge fund manager Scott Bessent. Today on the show, what are the actual implications of what a Treasury Secretary does on you and me? And how does the Treasury Department affect regular Americans?

Related episodes:
The IRS wants to do your taxes for free. Will it last? (Apple / Spotify)
The U.S. economy's biggest superpower, explained (Apple / Spotify)

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Trump's plans for the housing market

26 november 2024 | 10 min

Across the U.S., millions of people are feeling the burden of high housing costs. During his campaign, president-elect Donald Trump promised to do something about that. But what exactly is that something? Today on the show, NPR's business correspondent, Laurel Wamsley, explains Trump's ideas for the housing market. For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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How big is the US housing shortage?

25 november 2024 | 8 min

Housing affordability is a top concern for Americans and a hot political topic. Estimates for the number of needed homes stretch into the millions, but how is this actually counted? Today on the show, we explain the tricky business of quantifying the US housing shortage.

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The most expensive banana in the world and other indicators

22 november 2024 | 9 min

We are back with a pricey Indicators of the Week. Today, we're digging into why it's so hard to get price information from funeral providers, how much a single banana could possibly cost, and just how much richer Elon Musk has become since Donald Trump's election win.

Related episodes:
Why is everyone talking about Musk's money? (Apple / Spotify)
Artists vs. AI (Apple / Spotify)

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Bond vigilantes. Who they are, what they want, and how you'll know they're coming

21 november 2024 | 8 min

As Wall Street investors divine what a second Trump administration might mean for markets, there's talk of a new gang in town: the bond vigilantes. On today's show, where they came from, what they want, and how to tell when they're about to spring into action.

Related episodes:
Trying to solve the mystery of big bond yields
What the 'bonkers' bond market means for you

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How Magic Johnson's Starbucks created new neighborhood businesses

20 november 2024 | 9 min

There's been a lot of research showing how third spaces — a place that isn't the home nor the workplace — have brought communities together, even catalyzed revolutions. New research shows that coffee shops in particular could be key to sparking new businesses, too.

Today on the show, caffeine-fueled entrepreneurship. We go back a few decades for the story of how Magic Johnson partnered to build Starbucks cafes in Black and Latino neighborhoods, and how new research has shed light on how Magic's plan changed entrepreneurship in those communities.

Related Episodes:
Oil gluts, Russian bucks, and Starbucks
Magic Johnson on basketball, business, and being the face of HIV

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How to shop during a crisis

19 november 2024 | 9 min

Events like the recent dock worker's strike and hurricanes sparked panic buying among American shoppers. Today, a logistics expert helps us craft a shopper's guide for how to navigate a supply chain crisis.

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A fraught climate change conference, how are US home builders doing, and more

18 november 2024 | 9 min

There is a LOT of economic news happening at the moment (it all happens, so very much of it, all the time), so we wanted to give you an idea of what we here at The Indicator are keeping tabs on.

Today on the show, we look ahead to: countries coughing up money for climate change at COP29, how confident are home builders feeling right now, and ... is US manufacturing REALLY in decline?

Related Episodes:
A countdown to climate action
Why aren't more people taking on the trades?
Do polluters pay, or do they get paid?

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The Economics of Everyday Things: Pizza (Box) Time!

17 november 2024 | 16 min

Today, we're sharing an episode of a podcast that we've enjoyed, and think you will, too! It's called The Economics of Everyday Things. It's made by the Freakonomics Radio Network and on each of its episodes, host Zachary Crockett uncovers the hidden stories behind ordinary things! Stock photos, girl scout cookies, and cashmere sweaters, you name it.

In this episode, you're about to hear Zachary crack the lid open on ... the humble pizza box.

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23andMe's financial troubles, Paul vs. Tyson and Bitcoin to the moon

15 november 2024 | 9 min

On Indicators of the Week, we cover our favorite numbers in the news. On this week's edition we cover Netflix's foray into live sports, the possible psychology behind the post-election cryptocurrency rally, and a struggling DNA company's fight for survival.

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Who's powering nuclear energy's comeback?

14 november 2024 | 9 min

Nuclear energy hasn't been a growing industry in decades. But now, it seems to be making a comeback. This week, the Biden administration announced a goal to triple nuclear energy capacity in the US by 2050. And over the past few months, Amazon, Microsoft, and Google have all made deals to use nuclear energy to power their artificial intelligence appetites. Today on the show, could nuclear energy work differently this time?

Related episodes:
The debate at the heart of new electricity transmission (Apple / Spotify)
Wind boom, wind bust (Two windicators) (Apple / Spotify)
How China became solar royalty (Apple / Spotify)

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Why the government's flood insurance program is underwater

13 november 2024 | 9 min

Major flooding events are increasingly common across the U.S., but homeowners looking for flood insurance will find few choices. The main providers of flood insurance is the U.S. government through the National Flood Insurance Program, or NFIP. But even though the NFIP is one of the only flood insurance games in town, it's drowning in debt. On today's episode, the NFIP's struggle to stay afloat.

Related listening:
Hazard maps: The curse of knowledge (Apple / Spotify)
When insurers can't get insurance
Flood money

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Why this former banking regulator is writing kids books

12 november 2024 | 9 min

In a first-best world, we'd all save enough money and there'd be no scammers. In a second-best world, we'd all know how to protect ourselves.

That's what Sheila Bair thought, too. As former chair of the FDIC, she noticed many kids and adults weren't quite getting the education they needed. So, she decided to do something about it.

Today on the show: What Sheila Bair has learned about American capitalism as one of its top regulators and how she's trying — one book at a time — to help new generations from falling into its traps.

We learned about Sheila Bair's kids books from listener Erin Vetter. If you've come across anything that makes finance fun, email us! We're at indicator@npr.org.

Related Episodes:
Mailbag: Children Edition
Beach reads with a side of economics

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What's a weather forecast worth?

11 november 2024 | 9 min

The federal government has been tracking the weather for more than 150 years. Yet over the last few decades, the rise of the Internet and big tech have made weather forecasting a more crowded space. Today on the show: the value of an accurate forecast and the debate over who should control the data.

Related stories:
Hazard maps: The curse of knowledge (Apple / Spotify)
Should we invest more in weather forecasting?
After a year of deadly weather, cities look to private forecasters to save lives

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Stocks jump, the temperamental peso, and other election aftermath indicators

8 november 2024 | 8 min

It's ... Indicators of the Week! It's that time of week when we look at the most fascinating economic numbers from the news.

On today's episode: Election aftermath. Stocks jump, the temperamental Mexican peso, and which states are raising minimum wage.

Related Episodes:
Should We Raise The Minimum Wage?
America's economy is the envy of the world. Will it stay that way?

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The story behind Cuba's economic dysfunction

7 november 2024 | 9 min

This week, a powerful hurricane hit Cuba, causing nationwide electricity outages — right after a string of power failures that have plagued the country in recent months. These power outages are a low point for a country that has struggled economically for years and is experiencing mass emigration.

Today on the show, we explain why Cuba is struggling to keep the lights on and investigate the root causes of the Caribbean nation's dramatic fall.

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America's economy is the envy of the world. Will it stay that way?

6 november 2024 | 9 min

Donald Trump's victory in this year's election had a lot to do with how many Americans feel about the US economy (surprise: not good). But Simon Rabinovitch, US Economics Editor for The Economist, argues that, despite the turmoil of the past few years, America's economy remains the envy of the world. Today on the show, Simon explains why that is, but also why he believes a Trump presidency puts America's 'economic exceptionalism' at risk.

The envy of the World - The Economist

Related episodes:
How much do Presidents ACTUALLY influence the economy? (Apple / Spotify)
Why are some nations richer? (Apple / Spotify)

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Why Midwest crop farmers are having a logistics problem

5 november 2024 | 9 min

It's the most important day of the year for the country ... The Beigie Awards! The Beigie Awards are back to recognize the regional Federal Reserve Bank with the best Beige Book entry. This time, we shine a spotlight on one entry that speaks to a logistics problem affecting farms in the midwest.

Related episodes:
Using anecdotes to predict recessions (Apple / Spotify)
The Beigie Awards: Why banks are going on a "loan diet" (Apple / Spotify)

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Why the US government is buying more apples than ever before

4 november 2024 | 9 min

For the second year in a row, the U.S. government is buying the largest quantity of apples in its history because there are not enough consumers and processors who want to buy them. Today on the show, an abundance of apples and why some apple growers are getting out of the game altogether.

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Cool, cool, cooling jobs

1 november 2024 | 7 min

The Bureau of Labor Statistics reported the unemployment rate remained steady at 4.1% and 12,000 jobs were added to the U.S. economy during October. It's a lower-than-expected jobs number, from a period that saw two significant hurricanes in the southeast and a strike from workers at Boeing. Today on the show, we explain the complexities of calculating the monthly job numbers, and why the Bureau of Labor Statistics can be trusted.

Related episodes:
Behind the scenes of Jobs Friday (Apple / Spotify / NPR)

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The U.S. once banned Chinese immigrants — and it paid an economic price

31 oktober 2024 | 9 min

In 1880, the Chinese were the biggest group of immigrants in the western U.S. But Sinophobic sentiments crystallized into racist policies and eventually the Chinese Exclusion Act of 1882. The rationale was that banning Chinese laborers would boost job opportunities for U.S.-born workers. Today, an economist explains how the Chinese exclusion laws affected the economies of western states and what it says about our current debate over immigration and jobs.

Read the working paper co-authored by Nancy Qian.

A digital scan of the photo album in the California Historical Society's collections is available here.

For more on this period of history, check out At America's Gates: Chinese Immigration during the Exclusion Era, 1882-1943 by Erika Lee.

Related episodes:
What's missing in the immigration debate (Apple / Spotify)

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What's missing in the immigration debate

30 oktober 2024 | 9 min

Immigration is a top concern among U.S. voters this election cycle. But Zeke Hernandez, a professor at the University of Pennsylvania who studies immigration,thinks politicians and the media aren't giving the public the full story. Too often, he argues, they paint immigrants as objects of pity or fear, when the reality is much more complex — and positive. Today on the show, we look beyond the binary and explore the less talked about ways documented and undocumented immigrants shape the U.S. economy.

Zeke's book is called The Truth About Immigration: Why Successful Societies Welcome Newcomers.

Related listening:
Is the border crisis really a labor market crisis? (Apple / Spotify)
Do immigrants really take jobs and lower wages? (Apple / Spotify)
Welcome to the USA! Now get to work (Apple / Spotify)

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What happens when Social Security runs out of money?

29 oktober 2024 | 9 min

Social Security has thus far been self-sustaining—payroll taxes go into this big fund, which then pays out monthly checks. But the problem we have now is the money coming into that fund is not keeping up with the money going out.

The election hasn't been great for people concerned about the government's finances. The Committee for a Responsible Federal Budget estimates that Donald Trump's election proposals will speed up the rundown in the Social Security fund by a few years.

So, when Social Security runs out of money as it's projected to do ... could we just borrow more money? And if so, what would that mean for the already rising government's debt?

Today on the show, how worried should we be about Social Security and the federal debt? We explain a fresh indicator to assess whether or not America's getting too far in the red.

Related Episodes:
What does the next era of Social Security look like?
Iceberg ahead for Social Security

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What looks like a bond and acts like a bond but isn't a bond?

28 oktober 2024 | 10 min

The Maldives is a small island nation struggling with a heavy debt load. Its borrowing includes $500 million worth of something called sukuk. These are bond-like investments that don't pay interest, to be in line with Islamic law. Today on the show, we explain how sukuk works, how it fits into the larger world of Islamic finance and what might happen if the Maldives can't pay back its debt.

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An economist answers your questions on love

25 oktober 2024 | 10 min

We ask economists for their expertise all the time on The Indicator, so why not their tips on love? On our final installment of Love Week, we ask economist Tim Harford to answer listeners' relationship quandaries, from paying for a first date to alternatives to saying, 'I love you.'

Thanks to Grant-Lee Phillps for composing our Love Week theme song and Kaitlin Brito for artwork.

Related episodes:
Trying to fix the dating app backlash (Apple / Spotify)
How American heiresses became Dollar Princesses (Apple / Spotify)
Why the publishing industry is hot (and bothered) for romance (Apple / Spotify)
It's Love Week! How the TV holiday rom-com got so successful (Apple / Spotify)

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Trying to fix the dating app backlash

24 oktober 2024 | 9 min

Unanswered messages. Endless swiping. An opaque algorithm. The backlash to online dating feels like it's reached a fever pitch recently. For today's Love Week episode, why people are unhappy with online dating and what Hinge's CEO is trying to do about it. Also, a Nobel Prize economist delivers a little tough love.

Related listening:
How American heiresses became Dollar Princesses (Apple / Spotify)
Why the publishing industry is hot (and bothered) for romance (Apple / Spotify)
It's Love Week! How the TV holiday rom-com got so successful (Apple / Spotify)
Hinge: Justin McLeod (How I Built This)
The dating app paradox
The economics behind sorority rush

Special thanks to Grant-Lee Phillips for our Love Week theme song and Kaitlin Brito for episode artwork.

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How American heiresses became Dollar Princesses

23 oktober 2024 | 9 min

In the late 19th century, British aristocrats had a big problem. They were short on cash to fund their lifestyles and maintain their vast country estates. In our third installment of Love Week, we look at the economic forces that drove some British men of the time to marry American heiresses, dubbed "Dollar Princesses," forming a union of money, status and, sometimes, love.

For more on Dollar Princesses, Mark Taylor's research paper is published here. Kristen Richardson's book is called The Season: A Social History of the Debutante.

Related episodes:
Why the publishing industry is hot (and bothered) for romance (Apple / Spotify)
It's Love Week! How the TV holiday rom-com got so successful (Apple / Spotify)

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Why the publishing industry is hot (and bothered) for romance

22 oktober 2024 | 10 min

Once relegated to supermarket aisles, romance books are now mainstream. And authors, an often-maligned group within publishing, have found greater commercial success than many writers in other genres. On today's episode of Love Week, our series on the business of romance, we find out how romance novelists rode the e-book wave and networked with each other to achieve their happily-for-now status in the industry.

Read more by Christine Larson, Priscilla Oliveras and Natalie Caña.

Thanks to Grant-Lee Phillips for our theme song and Kaitlin Brito for artwork.

Related listening:
It's Love Week! How the TV holiday rom-com got so successful (Apple / Spotify)
Rufaro Faith's 'Let the Games Begin' is a rom-com set in the Olympic village

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It's Love Week! How the TV holiday rom-com got so successful

21 oktober 2024 | 10 min

Welcome to Love Week on the Indicator, our weeklong series exploring the business and economic side of romance. On today's show, we fire up the gas logs and pour a mug of cocoa to discuss the made-for-TV rom-com machine, and how television executives learned to mass produce seasonal romance.

Special thanks to Grant-Lee Phillips for our Love Week theme song and Kaitlin Brito for episode artwork.

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Reversing shrinkflation (via potato chips) and other indicators

18 oktober 2024 | 9 min

It's ... Indicators of the Week! It's that time of week where we look at the most intriguing indicators from this last week of economic and business news.

On today's episode: NHPR's Nate Hegyi, host of the podcast Outside/In, joins us to talk natural disaster loans, election prediction markets and ... potato chips?

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What's with all the tiny soda cans? And other grocery store mysteries, solved.
A market to bet on the future

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Rebranding 'the world's most dangerous private army'

17 oktober 2024 | 9 min

When the leader of the Wagner group, Yevgeny Prigozhin died in an exploding plane widely attributed to Russian President Vladimir Putin, it wasn't clear what would happen. Today, why the Wagner Group has been called the world's most dangerous private army, its relationship with Russia and how its business model creates a blueprint for others to follow.

Related episodes:
Not your typical army: how the Wagner Group operates (Apple / Spotify)
How the 'shadow fleet' helps Russia skirt sanctions (Apple / Spotify)

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Can the yield curve still predict recessions?

16 oktober 2024 | 9 min

Two years ago, the yield curve inverted. That means short-term interest rates on Treasury bonds were unusually higher than long-term interest rates. When that's happened in the past, a recession has come. In fact, the inverted yield curve has predicted every recession since 1969 ... until now. Today, are we saying goodbye to the inverted yield curve's flawless record?

Related episodes:
The inverted yield curve is screaming RECESSION (Apple / Spotify)
Yield curve jitters
Two Yield Curve Indicators

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Why are some nations richer?

15 oktober 2024 | 7 min

This year's Economics Nobel went to a trio of researchers whose work focuses on the importance of strong institutions for an economy. Today we hear from the newly minted Nobel laureates about how they came to their groundbreaking conclusions.

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The cost of living, lead pipe removal, and a more expensive Mega Millions

11 oktober 2024 | 9 min

It's ... Indicators of the Week! It's that time of week when we look at the most fascinating economic numbers from the news.

On today's episode: Inflation slowly coming down, getting the lead out of water pipes, and a more expensive Mega Millions.

Related Episodes:
Lotteries And Happiness
Indicator exploder: jobs and inflation

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The trouble with water discounts

10 oktober 2024 | 9 min

The problem of how to price water is a perennial conundrum. Water is an essential limited resource that everyone needs, so how do you price it so everyone can afford it while making sure that utilities have enough revenue to fix their aging systems?

Today on the show, we find out why it's so hard to price water and how a city's solution led to a threat to cut off thousands of residents from a popular welfare program.

You can read more about the fight over water prices here.

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Half a billion people need reading glasses. Why can't they get them?

9 oktober 2024 | 9 min

If you need some reading glasses in the United States, you don't have to break the bank to pick some up. That's important for older folks who need a little extra magnification. But in some parts of the world, people who need readers don't have that privilege. Today on the show, we'll find out why that is and learn the economic solution to the reading glasses shortage.

Related episodes:
Two indicators: supply chain solutions (Apple / Spotify)

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The year the music festival died

8 oktober 2024 | 9 min

Is 2024 the year the music festival died? Festivals are getting canceled left and right, from Northern California to Florida to Virginia.

Big name festivals that used to sell out in minutes struggled to sell tickets this year, too, like Burning Man and Coachella.

And it's not just America. By one count, over 60 music festivals were canceled in the UK this year alone. In Australia, so many festivals were canceled that one newspaper there recently asked, are the nation's music festivals extinct?

Today on the show, the music festival recession. What's behind it and is it temporary or a permanent cultural shift?

Related Episodes:
Live Music Industry Blues
The Economics of Music Festivals

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Why the name Taft-Hartley got airplay during the dockworkers' brief strike

7 oktober 2024 | 9 min

The U.S. economy is breathing a little easier after the International Longshoremen's Association reached a tentative agreement last week with the United States Maritime Alliance. The short-lived dockworkers strike reignited a debate over whether the president ought to intervene, invoking an old law on the books called the Taft-Hartley Act. On today's show, we explain what the Taft-Hartley Act is, why it was created and why it's still scorned by unions.

Related episodes:
What the data reveal about labor strikes (Apple / Spotify)
Why residuals are taking center stage in actors' strike (Apple / Spotify)
The never-ending strike (Apple / Spotify)
The strike that changed U.S. labor

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Does unemployment whiplash mean recession?

4 oktober 2024 | 9 min

It's Jobs Friday! It's that time of the month where we check in on the American worker.

In September, 254,000 jobs were added to the US economy and the unemployment rate ticked down very slightly to 4.1%. It's unexpectedly strong, and relieving news for workers after a pretty lackluster summer.

But ... given how the labor market cooled over summer, is the labor market still on thin ice? And if there were to be a plummet in jobs, could anything be done to speed up the recovery?

Today on the show: How it's easier to break the economy than to fix it, and whether we can escape from the patterns of the past.

Related Episodes:
The Sahm Rule With The Eponymous Economist
How much would you do this job for? And other indicators

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Champagne. Neapolitan pizza. Now döner kebabs?

3 oktober 2024 | 9 min

In Germany, döner kebabs are more than just an affordable, satisfying street food. They're a symbol of Turkey's culinary influence in the country. Today on the show, how an effort to give döner kebabs a protected status under a little-known EU regulation could dish out some real economic consequences, in Germany and beyond.

Special thanks to Sidney Gennies, Sönke Matschurek, and Maren Möhring.

Related episodes:
Cheese wars
Coca Cola vs. Coca Pola (Apple / Spotify)

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Are we about to lose TikTok? Like actually tho?

2 oktober 2024 | 9 min

TikTok could begin shutting down in the U.S. as soon as January 19 of next year. But the app is not going down without a fight. The company is asking a panel of federal judges to block the law in a high-profile case that pits free speech versus national security. Today on the show, how TikTok got to this point and what we can expect from the app's last ditch effort to stay alive in the U.S.

Related episodes:
Tick tock for TikTok? (Apple / Spotify)
Is Project Texas enough to save TikTok? (Apple / Spotify)

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Is an American sovereign wealth fund such a bad idea?

1 oktober 2024 | 9 min

Sovereign wealth funds have been around since the 1800s, but they're having a bit of a moment right now ... The financial instrument was recently name-dropped in HBOs 'Industry' (good show!) and members of both the Biden administration and the Trump campaign have floated the idea of an American sovereign wealth fund.

That idea, for the most part, has been derided by economists. But... is an American sovereign wealth fund such a bad idea?

On today's show: What IS a sovereign wealth fund? Is a US national sovereign wealth fund a good or even viable idea?

Related Episodes:
Why oil in Guyana could be a curse
The boom and bust of esports

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Mail bag! Grad jobs, simplified branding and central bank independence

30 september 2024 | 9 min

Penny for your thoughts? Today we open our mail bag to hear from Indicator listeners. A college graduate tells us about their job search, a researcher discusses why products advertised as 'simple' may not be so straightforward, and another listener thinks the debate over Fed independence is a little more nuanced than we let on.

Heard something on the show you liked (or didn't)? Have an insight to share about the economy? Send us an email: indicator@npr.org!

Related episodes:
Should presidents have more say in interest rates? (Apple / Spotify)
We grade Fed Chair Jerome Powell (Apple / Spotify)
Trade wars and talent shortages (Apple / Spotify)
If the world had no accountants (Apple / Spotify)
The case for inflation

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America's small GDP bump, China's big stimulus dispersal, and a Monkey King

27 september 2024 | 9 min

It's time for ... Indicators of the Week! It is our show where we talk about fascinating numbers from the news. On today's episode, America's small GDP increase, a big assist from China's government to its lower income residents, and a high-grossing, centuries-old Monkey King.

Related Episodes:
How Red Lobster got cooked and other indicators
China's luxury liquor indicator

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What does the next era of Social Security look like?

26 september 2024 | 9 min

Peak 65 is here. More than 4 million Americans will turn 65 each year between 2024 and 2027, representing the largest retirement surge in history. Years ago, older Americans could count on Social Security. But today there is some uncertainty on the program's solvency in the next decade plus. Now, many are entering their golden years with financial insecurity. Today on the show, how did Social Security become a thing? And what could the safety net for the Peak 65 generation and beyond look like?

James Chappel's book: Golden Years: How Americans Invented and Reinvented Old Age Golden Years: How Americans Invented and Reinvented Old Age

Related episodes:
Iceberg ahead for Social Security (Apple / Spotify)
What would it take to fix retirement? (Apple / Spotify)
Social Insecurity

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Are pharmacy benefit managers driving up drug prices? (Update)

25 september 2024 | 10 min

A group of obscure yet powerful players in the prescription drug industry are under the microscope. On Tuesday, at a Senate hearing in D.C., the head of pharmaceutical giant Novo Nordisk blamed the health insurance industry and pharmacy benefit managers, or PBMs, for allegedly making products like the weight loss drug Ozempic way more expensive in the U.S. than it is in other countries. A few days before that, the Federal Trade Commission sued three of the country's largest PBMs for allegedly using unfair tactics to artificially inflate the price of insulin.

So what exactly are PBMs and how do they work? In an episode that aired two years ago, we explain how the answer involves secret deals and double agents.

Related episodes:
Who can and cannot get weight loss drugs (Apple / Spotify)
New drugs. Cheaper drugs. Why not both? (Apple / Spotify)

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How to pass on a global media empire

24 september 2024 | 9 min

Rupert Murdoch took an Australia paper in Adelaide and turned it into one of the most influential media empires in the world. The question of who will run it after he's gone though is the subject of speculation both in reality and on the HBO fictional series "Succession." Now, a small probate court in Nevada will weigh in on that very question.

Today, how did the drama come to be? And what will the decision mean for the future of Fox, one of the most influential networks, on the planet and our political discourse?

Related episodes:
Dollar v. world / Taylor Swift v. FTX / Fox v. Dominion (Apple / Spotify)

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Could you live without GPS? It's OK, the economy can't, either

23 september 2024 | 9 min

A recent survey found that nearly half of all Americans say they could not live without GPS in their car. The American economy couldn't live without GPS, either! Clocks on Wall Street, commercial fishermen, and of course, your Lyft driver, all rely on satellite navigation services.

An outage in those services, however, would cripple the U.S. economy. A study found that an outage could cost at least $1 billion a day ... and we don't have a backup.

Today on the show, we explain who owns GPS and why we don't have a Plan B if it fails.

Related Episodes:
The Military Industry ... It's Complex
Why the FTC is cracking down on location data brokers

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The Fed cut rates ... now what? (featuring: Sasquatch)

20 september 2024 | 9 min

It's ... Indicators of the Week! We roundup the economic indicators that caught our eyes and ears. This week, all our attention was on the Federal Reserve, which cut interest rates by half a percentage point. (Egad!)

On today's episode, we've got dot plots, why the Fed rate cut may not bring immediate relief, and ... Sasquatch?!

Related Episodes:
Has the Fed lost the dot plot?
Are both rents AND interest rates too dang high?
When mortgage rates are too low to give up

Related Reading:
Mortgage Rates Puzzle Is a Worry for Housing and the Fed

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What are Harris' economic plans?

19 september 2024 | 9 min

Yesterday we looked at Donald Trump's key economic proposals for a second term. On today's show, we do the same for Kamala Harris, examining the Democratic nominee's plans for taxes, housing and grocery store prices.

Related episodes:
What are Trump's economic plans? (Apple / Spotify)
Three Kamala Harris indicators (Apple / Spotify)
Bad economics, smart politics (Apple / Spotify)
How much do presidents ACTUALLY influence the economy? (Apple / Spotify)
When Uncle Sam stops paying the childcare bill (Apple / Spotify)

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What are Trump's economic plans?

18 september 2024 | 10 min

With less than two months before election day in the U.S., there's still a lot to learn about both major candidates' economic platforms. Today we look at some key proposals from Donald Trump for a second term, including tariffs and immigration. Tomorrow: Kamala Harris' plans.

Related listening:
Bad economics, smart politics (Apple / Spotify)
How much do presidents ACTUALLY influence the economy? (Apple / Spotify)
Do immigrants really take jobs and lower wages? (Apple / Spotify)
Why tariffs are SO back (Apple / Spotify)
What is Trumponomics?
Trump vs. Red Tape

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Behind the Tiny Desk and other listener questions

17 september 2024 | 9 min

The co-hosts return with answers to YOUR questions. In this episode of listener questions, we dive into why storefronts don't just fill up, how Tiny Desk found its secret sauce, and whether there's an ideal level of staff turnover.

Tiny Desk Donation Page

Related episodes:
Anatomy of a Layoff (Apple / Spotify)
Pay Cuts Vs. Layoffs

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Bad economics, smart politics

16 september 2024 | 9 min

Nippon Steel says it wants to keep jobs in America as it looks to buy out US Steel. And economists say: that makes sense. But U.S. presidential candidates are pushing back. Today, we'll look at the role politics plays in distorting economics and find out whether that's what's happening in Pennsylvania and some other battleground states.

Related episodes:
The tensions behind the sale of U.S. Steel (Apple / Spotify)
How much do presidents ACTUALLY influence the economy (Apple / Spotify)

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The return of Fyre Festival and other indicators

13 september 2024 | 9 min

It's ... Indicators of the Week! We roundup the economic indicators that caught our attention. On this (kinda) spoOoOooky Friday the 13th, we were morbidly curious about higher household incomes, a Keurig K-Cup kerfuffle and, believe it or not, the return of Fyre Festival.

Related Episodes:
Wake up and smell the fraud
How much would you do this job for? And other indicators

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The DOJ's case against Apple

12 september 2024 | 9 min

The Department of Justice thinks Apple has violated an antitrust law, pointing to its ecosystem of apps and products. Apple, for its part, thinks the DOJ is wrong on both the facts and the law. Today on the show, why the DOJ brought this lawsuit against one of the largest companies in the world and why it matters for all you smartphone owners out there.

Related episodes:
How Fortnite brought Google to its knees (Apple / Spotify)
Can an old law bring down grocery prices? (Apple / Spotify)

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Overtourism ho! The Barcelona cruise dilemma

11 september 2024 | 9 min

Barcelona has always attracted crowds, but now it's attracting protests from locals angered at the negative consequences of being one of Europe's most popular destinations. This is especially true as large cruise ships can dock close to some of the city's most famous landmarks. On today's show, we look at how cruise ships are both driving revenues and frustrations in Barcelona, and we consider what the city's options are for regulating the flow of visitors.

Related episodes:
The return of Chinese tourism?
How Iceland's tourism bubble deflated

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I will PAY YOU to take my natural gas

10 september 2024 | 9 min

A weird thing is happening in West Texas. Natural gas prices have gotten so low, energy producers are actually paying to give it away. Today, why it's happening and whether it's a big concern. Plus, who else won a Beigie award!

Related episodes:
Texas' new power grid problem (Apple / Spotify)
The debate at the heart of new electricity transmission (Apple / Spotify)
The rise of American natural gas (Apple / Spotify)

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How Medicare fraud became Miami's vice

9 september 2024 | 9 min

In 2019, Philip Esformes went on trial for one of the biggest Medicare fraud cases in history. His longtime family rabbi said Philip Esformes was an upstanding citizen ... when he lived in Chicago.

Malcolm Gladwell was fascinated by this case and the prospect of a city changing a man. He covers this in his forthcoming book Revenge of the Tipping Point: Overstories, Superspreaders, and the Rise of Social Engineering.

Today on the show: How Miami became known as the capital of Medicare fraud. We learn what went wrong in South Florida and what it says about how places may change our behavior.

Related Episodes:
Book drama, NVIDIA hype, and private equity Football
How Pitbull got his name on a college football stadium

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Why aren't more people taking on the trades?

6 september 2024 | 9 min

There is expected to be a lot of demand for manufacturing jobs in the coming decade, but many of those positions will be left unfilled. So Darnell Epps set out to close that gap by connecting employers with workers and showing potential workers what's appealing about these jobs. Today, we dig into Darnell Epps journey through both law school and trade school.

Related episodes:
One of the hottest jobs in AI right now: 'types-question guy' (Apple / Spotify)
Why it's so hard to mass produce houses in factories (Apple / Spotify)

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How Pitbull got his name on a college football stadium

5 september 2024 | 9 min

Recently, singer/rapper/entrepreneur Pitbull agreed to pay $6 million to Florida International University for the naming rights to its football stadium ... an unusual move for both parties: a musician paying for their name on a stadium, and for a college to name their stadium after a musician.

How does this move benefit the college? How does this move benefit Mr. Worldwide?

In today's episode, what Pitbull and FIU's deal tell us about the fast-changing economics of college sports.

Related Episodes:
The monetization of college sports
The Olympian to influencer pipeline

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How Japan is trying to solve the problem of shrinking villages

4 september 2024 | 9 min

The once-thriving Japanese hamlet of Nanmoku was known for its silk and timber industries. Today, it is the country's most aged village, with two-thirds of residents over age 65. On today's show, how the Japanese government is trying to address rural depopulation and attract younger residents to villages like Nanmoku.

Related listening:
Japan had a vibrant economy. Then it fell into a slump for 30 years (Apple / Spotify)
Japan's ninja shortage

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Want to get ahead in youth sports? Try staying back a year.

3 september 2024 | 9 min

Reclassing, when a student repeats an academic year by choice, is a popular way for kids trying to land a spot in a top college athletics program. But it can also come with some heavy costs. Today on the show, we explore the reclassing phenomenon and pressures kids and their parents face in a competitive environment for young athletes.

Related episodes:
Should schools be paying their college athletes? (Apple / Spotify)
The monetization of college sports (Apple / Spotify)

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Let's party like it's NVIDIA earnings report day!

30 augusti 2024 | 9 min

On this Indicators of the Week, we take you to a Manhattan bar to watch NVIDIA's latest earnings reports. Plus, how publishers are trying to keep their books in Florida school libraries and what private equity is doing in Football.

Related episodes:
The tower of NVIDIA (Apple / Spotify)
What do private equity firms actually do?

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The Olympian to influencer pipeline

29 augusti 2024 | 9 min

While the 2024 Paris Olympics are over for some athletes, many competitors are still seeking to capitalize on their fame back on their college campuses. Thanks to the NCAA's 2021 rule changes for Name, Image and Likeness, college athletes are now able to leverage their stardom to maximize their earning potential.

Today on the show, we talk to University of Michigan men's gymnastics star and Olympic medalist Frederick Richard about how he's playing the business game for the long term.

Related episodes:
Why the Olympics cost so much (Apple / Spotify)
You can't spell Olympics without IP (Apple / Spotify)
The monetization of college sports (Apple / Spotify)

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How mortgage interest rates work (and why they're currently out of whack)

28 augusti 2024 | 9 min

Even with falling interest rates in recent weeks, mortgage rates are still higher than you'd expect.

Mortgage interest rates are usually a little less than two percentage points higher than what you would get on a 10-year Treasury bond. But for the last couple of years that difference has been noticeably higher: 2.6% at the moment. New borrowers have been paying potentially thousands of dollars extra each year on their mortgages.

Today on the show, how mortgage interest rates work and why they're currently out of whack ... with new borrowers footing the bill.

Related Episodes:
Are both rents AND interest rates too dang high?
How mortgage rates get made
The rat under the Fed's hat
AP Macro gets a makeover

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How China became solar royalty

27 augusti 2024 | 9 min

When Shi Zhengrong started making solar panels at the turn of the century, there was basically no solar industry in China. But in the decades that followed, the nation started heavily investing in renewables. Today, we dig into how China became a leader in solar power while following the story of one man: the Sun King.

Related episodes:
Rooftop solar's dark side (Apple / Spotify)
The debate at the heart of new electricity transmission (Apple / Spotify)

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A food fight over free school lunch

26 augusti 2024 | 9 min

The ascendance of Democratic vice presidential candidate Tim Walz has made the topic of free school lunch a political flashpoint. Over the past several years, several states—including Walz's home state of Minnesota—have created free school lunch programs, to the dismay of some House Republicans who believe government subsidies should go only to needy students.

Today on the show, we break down the economics of school lunch and explore whether universal programs are more effective than targeted programs.

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How much would you do this job for? And other indicators

23 augusti 2024 | 9 min

Welcome to another edition of Indicators of the Week! On today's show, the large downward revision to jobs numbers, the awkward release of that news and a survey that asks U.S. workers for the minimum salary they would accept a new job for.

Related listening:
Getting more men into so-called pink collar jobs (Apple / Spotify)
Do I need a four-year degree? (Apple / Spotify)
Indicator exploder: jobs and inflation
Our 2023 Valentines

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Biden's beef with bad customer service

22 augusti 2024 | 9 min

Earlier this month, the White House unveiled a new initiative aimed at trying to serve and protect American consumers: Time is Money.

It's an array of actions the Biden Harris administration is taking to stomp out business processes that waste consumers time and money, like, for example, making it unnecessarily difficult to cancel a subscription, get an airline ticket refund, or file an insurance claim.

On today's episode: In a competitive market, companies want to treat their customers well or else they'll lose their customers to competitors ... so why does the White House want to intervene in this area of the free market?

Related Episode:
Junk fees, unfilled jobs, jackpot

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What is the deal with car rentals?

21 augusti 2024 | 9 min

Like several aspects of the travel economy, renting a car is more expensive than it was before the pandemic. Today on the show, we explore the great reset happening in the U.S. rental car industry that's kept prices elevated, left fleets leaner, and customers frustrated.

Related episodes:
The semiconductor shortage (still)
Offloading EVs, vacating offices and reaping windfalls

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So, how's this No Tax On Tips thing gonna go?

20 augusti 2024 | 9 min

By now, you've probably heard a lot from both presidential nominees about getting rid of taxes on tips.

The idea may sound good on first go, but it has its detractors, namely economists and tax experts. Their fears include unfairness and people gaming the system.

On today's episode, how to put in place guardrails for a policy that many economists believe is likely to go off the rails.

Related episode:
Why Americans Can't Quit Tipping

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Is endless vacation a scam?

19 augusti 2024 | 9 min

Unlimited paid time off may sound like a nice perk, but it's not always what it appears. Employers aren't typically obligated to pay out unused vacation balances when a worker leaves, and it can be hard for workers to understand just how much time they can actually take off.

And yet ... endless leave?? It doesn't sound so bad.

Today on the show, is unlimited paid time off really a benefit? We try to figure out whether it works.

Related episodes:
Vacation, and why the U.S. takes so little of it (Apple / Spotify)
The 28-Hour Work Week

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Mortgage applications, China's housing and ... Carrie Bradshaw?

16 augusti 2024 | 9 min

It's ... Indicators of the Week! We cover the numbers in the news that you should know about. This week, we cover mortgage applications increasing, China's home prices decreasing, and Carrie Bradshaw ... Indices-ing?

Related Episodes:
When mortgage rates are too low to give up
Are both rents AND interest rates too dang high?
The highs and lows of US rents
The mess at the heart of China's economy

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Why big banks aren't interested in your savings account

15 augusti 2024 | 9 min

Some bank customers are jumping to high-yield savings accounts to escape the shockingly low interest rates of personal savings accounts at big banks. So why aren't these banks raising their rates to attract more customers? Today on the show, we explore why big banks may not care about your savings account anymore.

Related episodes:
The dangers of money market funds (Apple / Spotify)
Interest rates up, but not on your savings account (Apple / Spotify)
Bad Form, Wells Fargo

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Should presidents have more of a say in interest rates?

14 augusti 2024 | 9 min

Former President Donald Trump recently suggested that if elected in this year's presidential election he would want more say on decisions made by the Federal Reserve. Presidents taking a more active role in monetary policy would mark an extraordinary shift in U.S. economic institutions, and mark the end of central bank independence.

Today on the show, why the Federal Reserve insulates itself from day-to-day politics, and what it looks like when central banks are influenced by politicians.

Related Episodes:
Happy Fed Independence Day (Update)
Arthur Burns: shorthand for Fed failure?
How the Fed got so powerful

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The Denver basic income experiment

13 augusti 2024 | 9 min

Homelessness is a pervasive issue that cities across the country struggle to address. This led an entrepreneur to team up with researchers and local foundations for an experiment called the Denver Basic Income Project. The goal was to see how different variations of a basic income program would impact the local homeless population. What the researchers found could become a guide for how localities in the United States could address the problem of homelessness.

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Beach reads with a side of economics

12 augusti 2024 | 10 min

It's that time of year when we want to lie on a beach and lose ourselves in a good book. Today on the show, three summer reading recs that got our hosts thinking about economics. Remember, anything read on the beach is, in fact, a "beach read."

Books recommended in this episode:
• Exit West by Mohsin Hamid (B&N, Bookshop)
• Everything Is Predictable: How Bayesian Statistics Explain Our World by Tom Chivers (B&N, Bookshop)
• Range: Why Generalist Triumph in a Specialized World by David Epstein (B&N, Bookshop)

Related episodes:
How Asimov's 'Foundation' has inspired economists (Apple / Spotify)
The carbon coin: A novel idea
Beach reads for econ nerds

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Google's monopoly, gold medals and gasping markets

9 augusti 2024 | 9 min

Indicators of the Week is a show dedicated to highlighting some of the most interesting numbers in the news. Today, we break down our favorite indicators in Google's antitrust defeat, the currency trade in Japan that jolted global markets and another way of creating an Olympic medal tally.

Related episodes:
Is Google search getting worse? (Apple / Spotify)
Why the Olympics cost so much (Apple / Spotify)

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You can't spell Olympics without IP

8 augusti 2024 | 9 min

The International Olympic Committee has developed a reputation over the years for stringently enforcing its trademarks during the summer games. It has good reason to, with brands like Coca-Cola and Visa paying top dollar for exclusive sponsorship rights. Today on the show, the lengths the IOC will go to protect its trademarks and how smaller brands try to avoid their dragnet.

Related episodes:
Why the Olympics cost so much (Apple / Spotify)
Peacock, potassium and other Paris Olympics Indicators (Apple / Spotify)

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Is the UK open for business?

7 augusti 2024 | 9 min

Globalization, as we once knew it, is dead ... well, that's according to the UK's new Chancellor of the Exchequer, Rachel Reeves.

Chancellor Reeves has run the UK Treasury since July 2024. She's facing an economic backdrop familiar to many countries: hollowed-out industrial towns; climate change; global wars and conflicts.

Today on the show: Our conversation with Chancellor Reeves on her visit this week to the US. What she thinks went wrong with globalization, and the new economic map she's coursing.

Related Episodes:
From Brexit to Regrexit

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The debate at the heart of new electricity transmission

6 augusti 2024 | 9 min

The U.S. wants to become a net-zero emissions economy by 2050. That will mean a lot of new generation from renewable energy. It also means more transmission networks are needed to bring it onto the grid.

But there's a debate over how that new transmission should be built — between a competitive or monopoly approach. Today, we look at why competition is so divisive and why each side thinks they should build the next generation of transmission infrastructure.

Related Listening:
Texas' new power grid problem (Apple / Spotify)
Green energy gridlock (Apple / Spotify)

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Markets have a bad case of the Mondays

6 augusti 2024 | 9 min

It's been a turbulent couple of days for financial markets around the world. Japan's biggest stock market saw its worst day in decades. Corporate earnings disappointed investors. And last week's jobs report here in the US showed disappointing numbers. Is this a sign of a recession or just some temporary turbulence? Today, we speak with two economic analysts to make sense of what's really going on.

Related:
Matt Klein's newsletter "The Overshoot"
Why are we so bummed about the economy? (Apple / Spotify)
The Sahm Rule With The Eponymous Economist

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Getting more men into so-called pink-collar jobs

2 augusti 2024 | 9 min

Jobs numbers came out today and they weren't great: Unemployment hit 4.3% and only 114,000 jobs were added to the economy in July. The U.S. economy's downshifting gears ... but there are bright spots.

Care jobs grew. Like social assistance: 9,000 new jobs in July.

Social work organizations have been calling out for more men in particular ... and with unemployment rising for men, a lot of them want jobs. So why aren't they meeting?

Today on the show: Getting more men into so-called pink-collar jobs. We learn about an experiment that showed a surprising way to encourage men into industries traditionally represented by women.

Related Episodes:
Wanted: Social workers
Ghost jobs

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Why the Olympics cost so much

1 augusti 2024 | 9 min

The modern Olympic Games are notorious for saddling host cities with burdensome cost overruns into the billions. Organizers for the Paris 2024 Olympics were aware of this and planned to put on one of the most cost-effective Olympics in recent memory. They still went over budget.

Today on the show, why the Olympics almost always costs host cities much more than they anticipate and what we can learn from the Olympic Games' original economic sin.

Related episodes:
Peacock, potassium and other Paris Olympics Indicators (Apple / Spotify)
Why California's high speed rail was always going to blow out (Apple / Spotify)

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Are both rents AND interest rates too dang high?

31 juli 2024 | 9 min

The Federal Reserve has once again opted to leave interest rates unchanged. That appears to be creating a big challenge to one part of the economy: housing prices. Today, we look at how elevated interest rates may actually be keeping home prices and rent high. Plus, we see how one community is taking the issue of housing affordability into its own hands.

Read the research paper co-authored by Julia Fonseca, Lu Liu, and Pierre Mabille.

Related episodes:
When mortgage rates are too low to give up (Apple / Spotify)
The housing shakeup (Apple / Spotify)
The highs and lows of US rent (Apple / Spotify)

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Test your knowledge of NVIDIA, ChatGPT and...Peppa Pig?

30 juli 2024 | 9 min

It's time for The Indicator Quiz!

We test you, dear listener, on your knowledge of topics that we've covered on The Indicator!

Today's quiz focuses on our June episodes, in which we covered a lot of... well, a little bit of everything! NVIDIA, ChatGPT, and...Peppa Pig?

Play along with us and see how you do!

Are you interested in being a contestant on our next Indicator Quiz? Email us your name and phone number at indicator@npr.org and put "Indicator Quiz" in the subject line.

Related Episodes:
Spud Spat
The tower of NVIDIA
Indicators of the Week: Debate Edition

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How insurance is affecting the cost of childcare

29 juli 2024 | 9 min

The childcare industry has been having a tough go of it. It's already expensive; pandemic-era programs have ended; plus there are too few providers. Enter a new challenge: increasing liability insurance premiums. Today, we look at why these premiums are rising for childcare providers, and how they're impacting both businesses and consumers.

Related episodes:
Baby's first market failure (Apple / Spotify)
When Uncle Sam stops paying the childcare bill (Apple / Spotify)

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Peacock, potassium and other Paris Olympics Indicators

26 juli 2024 | 9 min

Indicators of the Week is BACK, and this time, we're going for the gold! (...In educating our listeners on the economics and business stories behind the Olympics.)

In this Olympics-themed episode, we'll learn what economic factors help countries win more medals, how NBCUniversal is betting on these games to support its streaming service, and what it takes to feed 15,000 hungry athletes. (Hint: A LOT of potassium. And pain au chocolat. And baguettes.)

Related Episode:
Why Host The Olympics?

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Is AI overrated?

25 juli 2024 | 9 min

Are the promises made by AI boosters mostly hype, or are we actually underappreciating the transformative potential of AI?

This week, The Indicator hosts a two-part debate on the hype around generative AI. Today, the second episode: Despite the tech world's love affair with the technology, is AI overrated?

Related episodes:
Is AI underrated? (Apple / Spotify)

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Is AI underrated?

24 juli 2024 | 9 min

Are the promises made by AI boosters all hype, or are we actually underappreciating the transformative potential of AI?

This week, The Indicator hosts a two-part debate on the hype around generative AI. Today, the first episode: Despite all the news coverage and money, is AI underrated?

Guest Tyler Cowen's book that he published as an AI chatbot is GOAT: Who is the Greatest Economist of all Time and Why Does it Matter? and his interview with an AI Jonathan Swift is on his podcast, Conversations With Tyler.

Related episodes:
Is AI overrated? (Apple / Spotify)

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The curious rise of novelty popcorn buckets

23 juli 2024 | 9 min

Even before the Dune: Part 2 popcorn bucket went viral this year, movie theaters have been trying all types of ways to lure customers back. There's reclining seats, expanded menu options and even more merchandise. Today on the show, we track the rise of the popcorn bucket and its afterlife on eBay.

Related episodes:
Coyote vs. Warner Brothers Discovery (Apple / Spotify)
Why platforms like HBO Max are removing streaming TV shows (Apple / Spotify)

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Three Kamala Harris Indicators

23 juli 2024 | 9 min

You may have heard some big news this past weekend: Joe Biden dropped out of the presidential election. This leaves Kamala Harris as the favorite to be the Democratic nominee.

On today's show, We imagine what can be, and we're unburdened by what has been: Kamala Harris' economics, delegate math in deciding the nominee and ... can Kamala Harris use Joe Biden's campaign money?

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Bankruptcy, basketball, and bringing the dollar down

19 juli 2024 | 10 min

It's Indicators of the Week! We cover the numbers in the news that you should know about. This week, we cover climbing corporate bankruptcies, J.D. Vance's potential to bring the dollar down, and the NBA's new super serious salary cap.

Related episodes:
The Science of Hoops
Why Ecuador Uses The Dollar?

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Goodbye, Chevron. Hello, lawsuits!

18 juli 2024 | 9 min

The Supreme Court's decision to quash Chevron deference means countless agency regulations are now more vulnerable to being challenged and struck down. Think the Environmental Protection Agency's plan to boost electric vehicle sales, discrimination protections against transgender people, and rules that expand eligibility for overtime.

Yesterday, we explained the history that led to this moment. Today, we look at the how the decision will play into a wave of regulatory lawsuits.

Related episodes:
The conservative roots behind the Chevron doctrine (Apple / Spotify)
Could SCOTUS outlaw wealth taxes (Apple / Spotify)

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The conservative roots behind the Chevron doctrine

17 juli 2024 | 9 min

When the Supreme Court decided Chevron U.S.A., Inc v. Natural Resources Defense Council, Inc. 40 years ago, it didn't turn many heads. But eventually, it became the most widely cited case in all of administrative law. It set a legal precedent to give federal agencies the benefit of the doubt when the law is ambiguous, known as Chevron deference.

Now, a recent Supreme Court decision has set in motion another tectonic shift, effectively ending that precedent. Today, we dig into what Chevron deference is and how it actually came about. Then tomorrow we'll continue our focus on this significant change by looking at the potential fallout.

Related episodes:
A Supreme Court case that could reshape social media (Apple / Spotify)
Could SCOTUS outlaw wealth taxes (Apple / Spotify)

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Why the EU can regulate big tech faster

17 juli 2024 | 9 min

The Digital Markets Act is a new piece of European legislation aimed at making markets in the digital sector "fairer and more contestable." It's essentially antitrust regulation—rules to ensure that no one company or group of companies makes an area of business uncompetitive. And these rules are making some big companies sweat, not because they're afraid of monetary penalties, but because they could have an effect on antitrust regulations around the world.

Today on the show, we examine the differences between how the EU and the United States handle antitrust and what the Digital Markets Act could mean for big tech's regulatory future.

Related episodes:
EU leads the way on controlling big tech

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China's luxury liquor indicator

15 juli 2024 | 9 min

If you regularly listen to The Indicator, you know China's economy is not doing great. Over the last few years, indicators like unemployment and local debt are up, and consumption and property sales are down.

There is one big indicator that's been a bellwether for China's economy ... booze. One specific kind: Baijiu.

In today's episode, a quick history on baijiu and how the liquor is a potent symbol for consumer confidence in China.

Related Episodes:
China's weakening economy in two Indicators
The Beigie Awards: China Edition

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Greece allows a 6-day work week and other indicators

12 juli 2024 | 8 min

On Indicators of the Week, we cover the numbers in the news that you should know about. This week, we cover an encouraging trend for global wealth, closing Mexico's tariff loophole and the European nation bucking the trend of shorter work weeks.

Related episodes:
Why tariffs are SO back (Apple / Spotify)

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An asylum seeker's long road to a work permit

11 juli 2024 | 9 min

There are currently just under 65,000 migrants in New York City's shelter system, stretching the city's outworn social service systems. Today on the show, we follow one asylum seeker's journey from Venezuela to New York and explore why the process is lengthy and complicated.

Related episodes:
Is the 'border crisis' actually a labor market crisis? (Apple / Spotify)
'Welcome to the USA! Now get to work.' (Apple / Spotify)
The migrant match game (Apple / Spotify)

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How much do presidents ACTUALLY influence the economy?

10 juli 2024 | 9 min

Voters have a bleak outlook on the economy right now, and many are pointing the finger at President Biden. At the same time, many voters have a rosy view of the economy when Donald Trump was president. But how much credit or blame should a president get for the economy? And how do partisan politics play into our perception of the economy's performance?

Related episodes:
Common economic myths, debunked (Apple / Spotify)
Not too hot, not too cold: A 'Goldilocks' jobs report (Apple / Spotify)

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What military brats tell us about social mobility

9 juli 2024 | 9 min

Children of U.S. military families, a.k.a. brats, are known for their adaptability when relocating to new neighborhoods and schools every few years. This migratory population became the basis for brand new research on how the neighborhood you grew up in affects your economic success later in life. Today on the show, how a place influences your financial destiny.

Related episodes:
Chasing the American Dream at Outback Steakhouse (Apple / Spotify)
The secret to upward mobility: Friends

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The young trolls of Wall Street are growing up

8 juli 2024 | 9 min

Back in 2021, the meme stock frenzy was at its peak: Roaring Kitty AKA Keith Gill, and young day traders gleefully upended financial markets. Roaring Kitty disappeared for a bit before returning just a couple months ago.

His disciples that followed him into the markets, however, never left. That's according to Nathaniel Popper in his new book, The Trolls of Wall Street: How the Outcasts and Insurgents are Hacking the Markets.

Today on the show, why Nathaniel believes these day traders are here to stay and where they're putting their money now.

Related Episodes:
GameStop and the Short Squeeze
The tower of Nvidia

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One of the hottest jobs in AI right now: 'types-question guy'

5 juli 2024 | 9 min

U.S. job growth cooled this month. But one job is hot to the touch: AI prompt engineer. The role can command a six figure salary, but ... what is it? Today, we speak to an AI prompt engineer to figure out what they actually do and how long the job could remain hot.

Related:
AI creates, transforms and destroys ... jobs (Apple / Spotify)
If AI is so good, why are there still so many jobs for translators?
Applying for a job? Make sure your resume is AI-Friendly (Apple / Spotify)

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The game theory that led to nuclear standoffs

3 juli 2024 | 9 min

Last week, Vladimir Putin vowed to make new nuclear weapons and consider placing them close to NATO countries. Meanwhile, here in the US, the government boosted its nuclear weapon spending by 18% between 2022 and 2023.

The world is closer to nuclear war than it's been in at least forty years.

Today on the show: The game theory of nuclear war. When can mathematical models help us, and when can they lead us astray ... even to the brink of destruction?

Guest Kelly Clancy's book is Playing With Reality: How Games Have Shaped Our World.

Related Episodes:
How to get Russia to pay Ukraine
Congressional game theory

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The economic implications of Europe's jolt right

2 juli 2024 | 9 min

Europe is expecting a wave of victories from far-right candidates in upcoming national elections. Voters are showing they're worried about income inequality, immigration and the effects of participating in a global economy. Today, we take a look at what the swing to the right means for Europe's economy and the European stance on globalization.

Related Episodes:
Can Europe fund its defense ambitions (Apple / Spotify)
Why the EU is investigating China's wind turbines (Apple / Spotify)
How vikings launched globalization 1.0

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How the end of Roe is reshaping the medical workforce

1 juli 2024 | 10 min

It's been two years since the U.S. Supreme Court overturned the right to an abortion, triggering a parade of restrictions and bans in conservative-led states. Today on the show, how the medical labor force is changing post-Roe and why graduating medical students, from OB-GYNs to pediatricians, are avoiding training in states with abortion bans.

Related listening:
What's the cure for America's doctor shortage?
KFF: Medical Residents Are Increasingly Avoiding Abortion Ban States

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Indicators of the Week: Debate Edition

28 juni 2024 | 9 min

Indicators of the Week is BACK! This week we're doing something just a little bit different. You see, it's the same 'ol Indicators of the Week you're used to, but as a nod to last night's presidential debate, this time, it's debate style.

On today's episode, your candidates argue over who has the best Indicator of the Week: the links discovered between health care prices and layoffs, stress-tested banks, and ... cow burps?

Related Episodes:
Time to make banks more stressed?
The Cows Are Taking All The Land

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Do polluters pay, or do they get paid?

27 juni 2024 | 9 min

For years, rich nations have sent money to lower-income countries to help deal with the impacts of climate change. But it turns out, these wealthy nations are finding creative ways to funnel some of that financing back into their own economies. Today, we look at how the climate crisis is reviving a debate over how money should flow from rich to less-rich nations.

Related:
A program meant to help developing nations fight climate change is funneling billions of dollars back to rich countries
A countdown to climate action (Apple / Spotify)
Gambling, literally, on climate change (Apple / Spotify)
Blue bonds: A market solution to the climate crisis? (Apple / Spotify)
Why a debt tsunami is coming for the global economy (Apple / Spotify)

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What's going to happen to the Trump tax cuts?

26 juni 2024 | 9 min

The last major overhaul of the tax code was in 2017, when Republicans passed the Tax Cuts and Jobs Act. Much of that is set to expire next year, and that means a big debate over tax policy is looming.

Voters this fall won't just be voting for a president—they'll essentially decide who pays for the government and how much for years to come.

Today on the show, we explain the battle lines forming in this tax code throwdown.

Related Episodes:
The Good, The Bad and The Tax Cuts
Happy Birthday, Tax Cuts!

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Tracking the underground bike theft economy

25 juni 2024 | 9 min

A few years ago, bike enthusiast Bryan Hance got a tip. A whole bunch of expensive bikes that were stolen in the Bay Area had suddenly turned up ... for sale on a Facebook page in Mexico. The revelation started Bryan down a years-long investigation where he would uncover an intricate, large-scale criminal operation out of Jalisco, Mexico.

In today's episode, we talk to freelance reporter Christopher Solomon who wrote about Hance's journey in WIRED Magazine.

Related episodes:
Is retail theft getting worse? (Apple / Spotify)
The economics of stealing bikes

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The tower of NVIDIA

24 juni 2024 | 9 min

For a moment last week, semiconductor chip designer NVIDIA eclipsed Microsoft to become the world's most valuable company. How did it get there?

Today on the show, David Rosenthal, one half of the tech podcast Acquired, explains how NVIDIA's founder Jensen Huang laid the groundwork for the company's meteoric rise, and why there may be obstacles ahead.

Related episodes:
The life and death spirals of social media networks (Apple / Spotify)
The semiconductor founding father

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Boeing's woes, Bilt jilts, and the Indicator's stock rally

21 juni 2024 | 9 min

Indicators of the Week are back! We are here, as always, to bring you the most fascinating snapshots from the week of economic news.

On today's show, we're digging into the embattled aerospace company, Boeing. We look at how paying your rent with a Wells Fargo credit card is costing the bank millions of dollars a month. And we learn how much richer the Planet Money coffers are after we invested in the funds that track stock trading by congresspeople and their families on both sides of the aisle.

Related Episodes:
Invest like a Congress member
Help Wanted at Boeing

ICYMI, preorder our new Indicator t-shirt at the NPR shop. For more ways to support our show, sign up for Planet Money+ where you'll get sponsor-free listening, bonus episodes, and access to even more Indicator merch.

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A captive market: The high price of prison phone calls

20 juni 2024 | 9 min

When Diane Lewis' son, Jovaan, was sentenced to prison, she told him to call her every day. What he didn't know at the time is that those collect calls often meant Diane was unable to pay her other bills. Today on the show, how prison phone calls got so expensive, and the movement to make them free.

Related listening:
The Uncounted Workforce
From Prison to the Workforce
The Prisoner's Solution

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Invest like a Congress member

18 juni 2024 | 10 min

There are some new funds that track stock trading by members of Congress and their family. So we thought, why don't we get in on that? Today on the show, we crack open the Planet Money Investment Jar to learn more about how our political leaders play the market, investing in funds tracking Democratic and Republican stock trades.

Whether Congressional stock trading should be limited is a hotly debated matter. So to test whether lawmakers are beating the market, Dartmouth College economist Bruce Sacerdote and his co-authors pitted lawmakers' stock picks against reindeer at a Christmas-styled theme park.

Trust us for this ride! It'll all make sense with some intriguing results.

Related listening:
Stock traders are trying to beat the market — by copying lawmakers
WTF is a Bitcoin ETF? (Apple / Spotify)
Planet Money's Toxic Asset
Planet Money Summer School: Investing

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Spud spat

17 juni 2024 | 9 min

The federal government classifies potatoes (whether they be baked, waffled, curly, fried) as a vegetable.

Recently some nutritional scientists were questioning that logic as the feds updated their dietary guidelines for 2025.

On today's episode, why potatoes have such sway on Capitol Hill and the real financial stakes spuds have in staying a veggie.

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Oil gluts, Russian bucks, and Starbucks

14 juni 2024 | 9 min

Indicators of the Week is back! This week, we've got indicators about oil gluts, big bucks for Ukraine and fewer bucks at Starbucks. (Apologies for the slurping.)

Related episodes:
How to get Russia to pay Ukraine
An oil boom, a property slump and dental deflation

ICYMI, preorder our new Indicator t-shirt at the NPR shop. For more ways to support our show, sign up for Planet Money+ where you'll get sponsor-free listening, bonus episodes, and access to even more Indicator merch.

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Is Google search getting worse?

13 juni 2024 | 9 min

There are many anecdotal complaints about Google search not being what it used to be. A German computer scientist and his colleagues put this theory to the test recently focusing on product reviews. Today on the show, we bring their findings to Google's chief search scientist.

Related episodes:
How Fortnite brought Google to its knees (Apple / Spotify)
Microsoft vs. Google: Whose AI Is better? (Apple / Spotify)

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Has the Fed lost the dot plot?

12 juni 2024 | 9 min

The Federal Reserve introduced a visual tool called the "dot plot" in 2012 to communicate where officials think interest rates should be in the coming years. The dot plot is eagerly dissected by Fed watchers looking for insight on future policy, but others think that the dot plot has become a visual example of just how little the Fed can predict where the economy is going.

Today on the show, we decode the dot plot and hear why some think that the Federal Reserve's artistic exercise should be scrapped altogether.

The Federal Reserve's latest dot plot (page 4)

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Is the 'border crisis' actually a 'labor market crisis?'

11 juni 2024 | 9 min

Politicians on both sides of the aisle call the surge at the US Southern Border a "border crisis."

One camp says we need to focus on addressing the conditions in other countries that cause people to leave. The other says we have to focus on deterrence and enforcement.

But...what if both camps are actually ignoring a major piece of the picture? Today on the show, an overlooked cause and potential solution to the situation at our southern border that has nothing to do with the border at all.

Related episodes:
Why Venezuela is no longer in freefall
Welcome to the USA! Now get to work.

ICYMI, preorder our new Indicator t-shirt at the NPR shop. For more ways to support our show, sign up for Planet Money+ where you'll get sponsor-free listening, bonus episodes, and access to even more Indicator merch.

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Is chicken getting cheap? And other questions

10 juni 2024 | 9 min

We are back to answer your questions that you, our listeners, have been sending. On today's show, is chicken actually getting cheaper? Why doesn't the Federal Reserve use different interest rates around the country? And: is election spending an indicator of economic health?

If you have a question you'd like us to answer, email us at indicator@npr.org.

Related episodes:
Can an old law bring down grocery prices? (Apple / Spotify)
How political campaigns raise millions through unwitting donors
How mortgage rates get made
The rat under the Feds hat (Apple / Spotify)
The interest-ing world of interest rates (Apple / Spotify)

ICYMI, preorder our new Indicator t-shirt at the NPR shop. For more ways to support our show, sign up for Planet Money+ where you'll get sponsor-free listening, bonus episodes, and access to even more Indicator merch!

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Ghost jobs

7 juni 2024 | 9 min

Today's jobs report shows a slight rise in unemployment to 4%. And some frustrated job seekers are growing tired of applying for job after job with no replies, sometimes asking whether the listings are even real. And this isn't just vexing for applicants. It's also haunting economists when trying to figure out how much slack there is in the labor market, and whether interest rates should be raised or lowered. Today on the show: the rise of ghost jobs. Where they're happening and why.

Related episodes:
Not too hot, not too cold: a 'Goldilocks' jobs report
The Beigie Awards: From Ghosting to Coasting

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Why California's high speed rail was always going to blow out

6 juni 2024 | 9 min

99.5 percent of megaprojects are either over time, over budget or have lower benefits than expected. What's going wrong? Today, we look at case studies from California's high speed rail project to the Sydney Opera House to consider the do's and don'ts of ambitious projects.

Bent Flyvbjerg and Dan Gardner's book on megaprojects is How Big Things Get Done: The Surprising Factors that Determine the Fate of Every Project, from Home Renovations to Space Exploration and Everything In Between.

Related episodes:
Why building public transit in the US costs so much (Apple / Spotify)
Planes, trains and bad bridges (Apple / Spotify)

ICYMI, preorder our new Indicator t-shirt at the NPR shop. For more ways to support our show, sign up for Planet Money+ where you'll get sponsor-free listening, bonus episodes, and access to even more Indicator merch!

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Why the U.S. helps pay for Israel's military

5 juni 2024 | 9 min

The United States has been a supporter of Israel since the nation's establishment in 1948. With the civilian death toll rising in the Israel-Hamas war, growing scrutiny is mounting over just how much the U.S. should support Israel's military. Today, a historical explanation for why the United States tied itself so closely to support for Israel.

Related episodes:
Protesters want schools to divest from Israel. How would that work? (Apple / Spotify)

ICYMI, preorder our new Indicator t-shirt at the NPR shop. For more ways to support our show, sign up for Planet Money+ where you'll get sponsor-free listening, bonus episodes, and access to even more Indicator merch!

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Common economic myths, debunked

4 juni 2024 | 9 min

Maybe you've heard these things on social media, in the news, and take them as fact: More than half of the adults in the US live paycheck to paycheck, the trade deficit is always bad, and making the super wealthy pay their fair share will fix everything.
Well, the truth isn't so simple. Today on the show: economic mythbusting. We take three factoids about the American economy and run them through the fact checkers.
Related episodes:
Is the federal debt REALLY that bad? (Apple/Spotify)
Is the financial media making us miserable about the economy? (Apple/Spotify)
ICYMI, preorder our new Indicator t-shirt at the NPR shop. For more ways to support our show, sign up for Planet Money+ where you'll get sponsor-free listening, bonus episodes, and access to even more Indicator merch!
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Unveiling our mascot's new name and merch!

3 juni 2024 | 9 min

MERCH! You asked for it. We got it. After rebranding our podcast earlier this year, we decided it was time to create our own merch. On today's show, a brief oral history of early merch, how to score an Indicator t-shirt, and the winning name of our new mascot.

• Preorder the t-shirt now at shopnpr.org/indicator
• Sign up for Planet Money+ to access more Indicator merch

Related episodes:
Name our mascot. No, really (Apple / Spotify)
Planet Money Makes a T-shirt

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The cutest indicator in the world

31 maj 2024 | 9 min

Indicators of the Week is back, where we dig into three economic snapshots from the global economy. This week, we are exploring consumers' ever so slightly improved perception of the economy, what's going on with carbon offsets, and why China is sending some pandas to U.S. zoos.

Related Episodes:
Actors back. Pandas gone. WeBankrupt. (Apple / Spotify)
How Red Lobster got cooked and other indicators (Apple / Spotify)
Emission Impossible (Apple / Spotify)

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Indicator Quiz: May Edition

30 maj 2024 | 9 min

It's time for The Indicator Quiz!

We test you, dear listener, on your knowledge of topics that we've covered on The Indicator!

Today's quiz focuses on ch-ch-changes. (That's a David Bowie reference, kids!) We're covering changes in the economy, the environment, the rental market, you get the picture. We're even tossing in a question about an AI-resurrected rapper.

Play along with us and see how you do!

Are you interested in being a contestant on our next Indicator Quiz? Email us your name and phone number at indicator@npr.org and put "Indicator Quiz" in the subject line.

Related Episodes:
Hazard maps: The curse of knowledge
AI Tupac and the murky legality of digital necromancy
The highs and lows of US rents

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Using anecdotes to predict recessions

29 maj 2024 | 9 min

Eight times a year, we award regional Federal Reserve Banks with our coveted Beigie Award. While the anecdotes within the Beige Book offer us fascinating looks into the economy, to others, it can be difficult to make anything of the stories they tell. That's why we're giving out a special Beigie award today to some economists who found a way to use anecdotes to peer into our economic future.

Regional Economic Sentiment: Constructing Quantitative Estimates from the Beige Book and Testing Their Ability to Forecast Recessions

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Can dental therapists fill the gap in oral care?

28 maj 2024 | 9 min

Dental therapists have been practicing in other parts of the world for decades, but in the U.S. they are relatively few and far between. Like a hygienist, dental therapists can do cleanings as well as some procedures usually reserved for dentists, like simple extractions. They could also be the solution to getting underserved, rural communities better oral care. Today on the show, new momentum for dental therapy and why the American Dental Association is pushing back.

Related episodes:
The value of good teeth

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How Red Lobster got cooked and other indicators

24 maj 2024 | 9 min

Indicators of the Week is back! On today's episode, we discuss Red Lobster's bankruptcy, the rancid vibes of the U.S. economy, and a surprising shift in vices among Americans.

Related episodes:
Endless shrimp and other indicators (Apple / Spotify)
Is the financial media making us miserable about the economy? (Apple / Spotify)

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Why tariffs are SO back

23 maj 2024 | 9 min

Last week, President Biden placed tariffs on a slew of Chinese goods. When Donald Trump was president, he did the same. Regardless of who wins the election, the US is gearing up for heavy tariffs on imports in 2024. But this is far from the first time the economic tool has been in style.

Today, a brief history of US tariffs: how they came into fashion, fell out of fashion, are now back again and why economists aren't too happy about it.

Related Episodes:
Trade wars and talent shortages (Apple / Spotify)
The surprising leader in EVs (Apple / Spotify)
A brief history of tariffs
Worst. Tariffs. Ever.

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How Fortnite brought Google to its knees

22 maj 2024 | 9 min

In August 2020, Epic Games launched a legal assault against both Google and Apple, alleging that their mobile app stores are illegal monopolies. Almost four years later, Epic could be close to forcing Google to make major changes to its Play Store.

Today, we explain the legal battle behind Epic v. Google and why the outcome could have major implications for where consumers get their apps and how they pay for them.

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AI Tupac and the murky legality of digital necromancy

21 maj 2024 | 10 min

With a few clicks of AI software, anyone can conjure the voice or visual likeness of a dead celebrity — or really anyone. This new world has opened up a bunch of new legal questions about the rights of people and their heirs to control digital replicas of themselves. Today on the show, how a Drake diss track featuring the voice of Tupac made it into the Congressional record, and how it may lead to more regulation of AI.

To read more of Greg Rosalsky's reporting, subscribe to Planet Money's newsletter.

Related episodes:
AI creates, transforms and destroys ... jobs (Apple / Spotify)
Are the Products in your shopping cart real? (Apple / Spotify)
Planet Money makes an episode using AI

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Building generational wealth in rural America

20 maj 2024 | 9 min

Homes are not just where we eat and sleep, but one of the primary ways people build generational wealth in the U.S. But with home shortages and harsh climates, rural America's path to building that wealth looks a little different than other parts of the country. Today on the show, we focus in on housing challenges in Alabama's Black Belt and one innovative solution to preserving generational wealth.

Related:
There is growing segregation in millennial wealth

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Trade wars and talent shortages

17 maj 2024 | 9 min

Indicators of the Week is back. This time, an in-depth look at what Biden's massive tariffs on Chinese imports might mean for inflation and jobs. After that, why it may soon become easier to become a certified public accountant, addressing that nagging CPA shortage.

Related Episodes:
If the world had no accountants (Apple / Spotify)
The surprising leader in EVs (Apple / Spotify)
How electric vehicles got their juice (Apple / Spotify)

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How the Dominican Republic became Latin America's economic superstar

16 maj 2024 | 9 min

For decades, the Dominican Republic's economy has been growing at a remarkably steady pace. The Caribbean nation of 11 million people is today considered a middle-income nation, but the International Monetary Fund projects it could become an advanced economy within the next 40 years.

Today on the show, we uncover the reasons behind the Dominican Republic's economic success and whether or not these benefits are being felt widely in the country.

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The highs and lows of US rents

15 maj 2024 | 9 min

The latest inflation numbers are in. This month's Consumer Price Index, or the CPI, is ... well, good and bad news for renters.

Shelter prices went up over the last year, but at a slower pace. Shelter makes up nearly a third of the CPI.

Today's episode: Rent. Where is it high? Where is it low? What exactly is "coffee milk"? The Indicator tours the U.S. to bring you the answers.

Related Episodes:
When mortgage rates are too low to give up
How do you measure inflation?
The lawsuit that could shake up the rental market

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The "Winner Take All" problem

14 maj 2024 | 9 min

When June Carbone, Naomi Cahn and Nancy Levit set out to write a book about women in the workforce, they initially thought it would be a story all about women's march towards workplace equality. But when they looked at the data, they found something more disturbing: of the ways in which women's push toward workplace equality has actually been stalled for years.

In today's episode, law professor June Carbone argues that the root of the problem lies in something they call the "winner take all" approach to business. That's the thesis of their new book, "Fair Shake: Women & the Fight to Build a Just Economy".

Related episodes:
What would it take to fix retirement? (Apple / Spotify)

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Is 'government crypto' a good idea?

13 maj 2024 | 9 min

Advancements in cryptocurrency networks are sparking conversations about the potential for Central Bank Digital Currencies, or CBDCs for short. Advocates for CBDCs think they would provide security and unlock more efficient fiscal policy actions. However, opponents believe they would provide a shortcut for government interference and the erosion of privacy.

Today on the show, we'll dive deep into the world of CBDCs and pose the question if countries actually need them at all.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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A new gold rush and other indicators

10 maj 2024 | 9 min

Indicators of the Week is back! This time, we dig into why gold prices are spiking, why the Biden administration has only spent a small portion of money pledged to infrastructure projects, and what the spurt of streaming consolidations means for you.

Related episodes:
Gold Rush 2.0
The semiconductor shortage (still) (Apple Podcasts / Spotify)
The secret entrance that sidesteps Hollywood picket lines (Apple Podcasts / Spotify)

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Iceberg ahead for Social Security

9 maj 2024 | 9 min

According to a government report released this week, Congress has until 2033 to fix Social Security before retirees receive an automatic benefit cut of about 21%. This is a more optimistic estimate from a previous report that stated the Social Security Trust Fund would run dry sooner, but it still paints a grim picture for a program that millions of retirees rely on.

Today, NPR's Chief Economics Correspondent joins the show to explain what exactly lawmakers can do to fix Social Security and why proposed solutions might be easier said than done.

Related episodes:
What would it take to fix retirement? (Apple / Spotify)

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Why Venezuela is no longer in freefall

9 maj 2024 | 9 min

Back in 2019, The Indicator started checking in on with a Venezuelan economist Gabriela Saade. The economy was in freefall. The country was suffering from hyperinflation and a huge jump in poverty. Today, the U.S. faces a spike in migrants at the U.S.-Mexico border, many from Venezuela. So we check back in with Gabriela. Venezuela is due to go to the polls in July. We ask Gabriela and two other Venezuelans: what are economic conditions like at the moment? How has life changed since the pandemic? Some of the answers surprised us.

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Hazard maps: The curse of knowledge

7 maj 2024 | 9 min

What happens when small town politics collide with the climate crisis? And how do hazard maps—maps that show which homes in your neighborhood are at risk of getting destroyed or damaged by a natural disaster—come into play? On today's episode, how some people—from Indiana to Oregon to Alaska—are facing some very real concerns about insurance and the ability to sell their houses.

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How Colorado towns are trying to get some water certainty

6 maj 2024 | 10 min

In Western Colorado, towns and farms are banding together to pay a hundred million dollars for water they don't intend to use. Today on the show, how scarcity, climate change and a first-dibs system of water management is forcing towns, farms and rural residents to get spendy.

Related episodes:
A watershed moment in the West? (Apple / Spotify)
The Amazon, the Colorado River and a price on nature
Water in the West: Bankrupt?

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Not too hot, not too cold: a 'Goldilocks' jobs report

3 maj 2024 | 9 min

It's Jobs Friday and the jobs report is in! There's more jobs! ... but not as many as expected. And there's a teensy bit more unemployment and slower wage growth. But there's an upside ... Plus, healthcare is growing like gangbusters and how immigrants affect American-born workers.

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Protesters want schools to divest from Israel. How would that work?

2 maj 2024 | 9 min

College campuses nationwide are erupting with protests against Israel's war on Hamas in Gaza. A consistent theme among these actions: a call for university endowment "divestment."

Today, we unpack what that means and how divestment would work. Plus, we hear from an expert who explains why divestment might not have the effect that many believe.

Related episodes:
Why Israel uses diaspora bonds (Apple / Spotify)
How much of your tax dollars are going to Israel and Ukraine (Apple / Spotify)

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What a cabinet maker can teach us about interest rates

1 maj 2024 | 9 min

The Beigie Awards are back to recognize the regional Federal Reserve Bank with the best Beige Book entry. This time, we shine a spotlight on one entry that explains how some businesses are feeling the impacts of higher for longer interest rates.

Related episodes:
The interest-ing world of interest rates (Apple / Spotify)
The Beigie Awards: Why banks are going on a "loan diet" (Apple / Spotify)
Where are interest rates going?

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Is the federal debt REALLY that bad?

1 maj 2024 | 9 min

Sandwiched between a burger joint and an oyster bar in New York City hangs a daunting image: The National Debt Clock. And that debt number? It just keeps ticking up. How deep in the hole are we? Nearly a hundred percent of gross domestic product. And counting. Today on the show, the federal debt. Is it time to freak out? Or is there nothing to see here?

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Taxing the final frontier

29 april 2024 | 9 min

Launches by commercial space companies are becoming more frequent. Last year, the Federal Aviation Administration licensed 117, an all-time high. But these spaceflight companies aren't paying for all of the FAA's services that they use.

Today, we explore why the government is looking to change that and dig into the larger debate over whether human activity in space is a public or private project.

Related episodes:
Economics in space
Planet Money goes to space
Space economics

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Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Video Game Industry Week: The Final Level

26 april 2024 | 9 min

We wrap up our series on the economics of the video game industry with a triple roundup. Today, how the new ban on noncompete contracts could affect the gaming industry, whether young men are slacking off work to play games and the ever-controversial world of loot boxes.

Related episodes:
Forever games: the economics of the live service model (Apple / Spotify)
Designing for disability: how video games become more accessible (Apple / Spotify)
The boom and bust of esports (Apple / Spotify)
Work. Crunch. Repeat: Why gaming demands so much of its employees (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Work. Crunch. Repeat: Why gaming demands so much of its employees

25 april 2024 | 9 min

Employees at video game companies are known for working long hours to meet product launch deadlines. This pressure, known in the industry as crunch, has only gotten more intense as games have grown more complex. Mounting layoffs in the growing industry have only made things worse on the labor front, inspiring some workers to take matters into their own hands.

Today, in the next installment of our series on the business of video games, we speak to several workers in the industry about their experiences with crunch and why they feel unionization is the key to preserving their careers.

Related episodes:
Forever games: the economics of the live service model (Apple / Spotify)
Designing for disability: how video games become more accessible (Apple / Spotify)
The boom and bust of esports (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The boom and bust of esports

24 april 2024 | 9 min

The origins of competitive gaming are rooted in college campuses going back to the early 1970s. Now a globally popular industry, esports is at the center of many questions about long-term financial viability.

Today, we dive deep into the hype surrounding esports and why the luster seems to be rubbing off the industry that was once seen by some as the next NBA.

Related episodes:
Forever games: the economics of the live service model (Apple / Spotify)
Designing for disability: how video games become more accessible (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

Learn more about sponsor message choices: podcastchoices.com/adchoices

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