The Indicator from Planet Money

Indicators of the Week: Markets Edition Sep 30, 2022

Sound the alarms because Britain's financial markets are in turmoil. That, plus the upticking 'fear gauge,' and Porsche's vrooming public debut on indicators of the week. Markets edition.
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The financial web connecting Afghanistan, the US, and Switzerland Sep 29, 2022

What happens when a country's foreign reserves are stored in another country, and then part of that is run by a third? No, it's not the start of a bad joke. It's the story of Afghanistan, the U.S., and Switzerland.
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The mighty US dollar (Encore) Sep 28, 2022

According to the U.S Dollar Index, the U.S Dollar reached a twenty year peak. Today, we're revisiting a classic episode to ask: What exactly are the pros and cons to U.S dollar dominance?
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Is your new CEO a liability? Sep 27, 2022

What's cooking in the executive suite? Today, delve deep into the world of corporate investigations. Learn how checking the facts can avoid some seriously salacious scandals.
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How new words get minted Sep 26, 2022

Shrinkflation, yeet, supply chain, unbanked. What do these terms have in common? They're some of Merriam-Webster's newest dictionary entries!
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Housing, yen, supply chains vs. the Fed Sep 23, 2022

When interest rates are on the up and up, the housing market tends to slide down and down. That, plus the declining value of the Japanese yen, and updates about the global supply chain on indicators of the week.
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Are you being tricked into working harder? Sep 22, 2022

"Gamification" as we know it has become increasingly common since the late 2000s. And proponents say adding game-like features to non-game activities — especially boring ones — can make us healthier, happier, and more productive. But Adrian Hon, who has made a career out of 'gamifying' mundane activities like jogging, says the trend has gone awry. Today on the show, Adrian argues that companies are using gamification to confuse, manipulate, or coerce people into doing things they wouldn't have done otherwise.
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Killing the economic polar bear Sep 21, 2022

When Knut the polar bear was rejected by his mother at the Berlin Zoo, a debate caught fire over whether it was more humane to keep him alive or euthanize him. Today, as the Fed raises interest rates again, another polar bear is in danger: The economy.
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Patagonia's tax break, explained Sep 20, 2022

Surf's up with the IRS! Patagonia's founder Yvon Chouinard recently gave his company and billionaire status away. But how he did so entails a complex tale of trusts, exemptions and a whole lot of taxes.
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The fake market in crypto Sep 19, 2022

According to a Forbes report, half of all Bitcoin trades are fake. Today, we unveil crypto's cryptic facade by diving deep into a classic concept: Wash trading.
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Poverty, heists, .eth: Coulda been worse Sep 16, 2022

Hands up! A bank heist with a toy gun exposes the chaos in Lebanon's financial system. That, plus declining child poverty rates, and Ethereum's "Merge" on indicators of the week.
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The Beigie Awards: Tough choices for ranchers Sep 15, 2022

The September Beige Book is an emotional roller coaster. We crown the Federal Reserve bank who gave us the funniest and most poignant anecdotes about the economy.
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A super-sized labor experiment Sep 14, 2022

How would you like your burger? With a side of higher wages? Today on the menu, California's FAST Recovery Act is rethinking labor relations for the fast food industry.
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The push and pull of inflation Sep 13, 2022

Argentines party hard in the bustling bars of Buenos Aires, despite the stubborn cloud of inflation. Across the pond, German companies switch gears in response to high gas prices, as Russia shuts off its supply. Today on the show, the push and pull of inflation.
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A firm without its Queen (Encore) Sep 12, 2022

From the aftermath of World War II to the coronavirus pandemic, Queen Elizabeth has lived through it all. But after her death, what happens to the future of the royal family... and its fortune? Today on the show, we're revisiting our classic episode to ask: Can "The Firm" really survive without its CEO?
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Heat waves, remote work, iPhones Sep 09, 2022

Crank up that AC because a record-breaking heat wave is sweeping through the American West. That, plus workplace surveys, and Apple's newest drop on indicators of the week.
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ESG bans cost Texas Sep 08, 2022

What happens to local government projects when the big banks that back them leave the state? A Texas-sized experiment in values-based financing.
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When GDP and GDI part ways Sep 07, 2022

Welcome to the Global Growth Gym, where countries are working out their economies. Over in the corner, the U.S. is standing there on a weight scale, just a tad confused...
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The California Effect Sep 06, 2022

From Sacramento to San Diego, the state of California is a tryhard when it comes to regulations. Today, we're singing about how the nation's strictest standards affect economies across state lines.

Long COVID and the labor market Sep 02, 2022

Headaches, fatigue, trouble breathing...the lingering health effects of COVID-19 continue to haunt millions of Americans, and the labor market, too.

Hits of the Dips: Songs of recessions past Sep 01, 2022

A new paper in the Journal of Cultural Economics says happy songs are more popular during a recession. So we thought we'd have a little fun on today's show. Armed with a new soundtrack, what can we learn about past recessions?

The Prudent Man Rule Aug 31, 2022

Ever thought of spicing up your 401k with crypto? Well, we leave it up for the Prudent Man to decide. On today's episode, learn about how wonky pension regulations from the '70s opened a new era of riskier investments.

The promise and peril of mobile home ownership Aug 30, 2022

At first glance, mobile home ownership seems like the happy medium between renting and buying a house. But what happens when a tug-of-war ensues between the landlords and the residents? For the full read, click here.

Economists take on student loan forgiveness Aug 29, 2022

Biden is canceling student loans for millions of Americans. Love it or hate it, one thing is for sure – many economists from the left and the right think that this plan is a not-so-good idea...

Indicators of the Week: Old problems, new solutions? Aug 26, 2022

Canceled flights are the worst. So is inefficient healthcare and unaffordable college tuition. Today on the show, three indicators about new solutions to address age-old problems.

China's global lending binge Aug 25, 2022

We learn about the Chinese government's global financing boom by zooming in on one country where controversy surrounding Chinese money is smoldering hot. We're going to the Pacific: The Solomon Islands.

SCOTUS: de facto pro-business? Aug 24, 2022

The verdict is in: the current Supreme Court is the most business-friendly SCOTUS of the past century, according to a new study. But why the lean towards corporate?

China's slice of the US debt pie Aug 23, 2022

China owns a LOT of Benjamins, greenbacks, whatever you like to call it, in the form of US treasury bonds. But it's been cutting back on some of those securities recently. So what would happen if Beijing decides to sell off all its holding of American debt, and is that the plan?

How Spotify changed the tune on IPOs Aug 22, 2022

Ah, 2018, a good year in music. Don't agree? Just check out our playlist. It's also when Spotify rocked-and-rolled the finance world with its rebellious take on going public.

The Amazon, the Colorado River and a price on nature Aug 19, 2022

From sea to shining sea, rivers in the United States are drying up, including the Colorado River. For indicators of the week, three environmental indicators about the state of Mother Nature.

The surprising economics of digital lending Aug 18, 2022

Long gone are the days of hauling sixty books home from the local library. With eBooks, the worlds of Fahrenheit 451 to Harry Potter are at your fingertips with just a tap. But what's the price behind the click?

The drought in Europe Aug 17, 2022

Even the sheep are complaining. A severe drought is drying Europe to its limits, and the effects are widespread. From crops to shipping energy, what are the economic consequences?

A market to bet on the future Aug 16, 2022

Peer into the crystal ball with Kalshi.com. Will inflation stay high? Will daylight saving time become permanent? Place your bets.

AP Macro gets a makeover Aug 15, 2022

Today on the show, why colleges and high school Advanced Placement Macroeconomics classes had to rip out old textbook pages and write a new chapter.

Three inflation indicators Aug 12, 2022

The economy cooled off a bit, but inflation is still really, really high. But, not all goods and services respond the same to a high inflation environment. Today on the show, we're talking about sticky prices, bonds, and that old chestnut, transitory inflation.

Paying for the Inflation Reduction Act Aug 11, 2022

The Inflation Reduction Act has it all, from fighting climate change to cutting drug prices. But today, we're zooming in on one aspect of the bill. The changes to corporate taxes.

What Japan's "Lost Decade" teaches us about recessions Aug 10, 2022

Not all recessions are created equal. Some look like Vs, while others look like Ks. But the scariest one of all is the L-shaped recession. Travel back to Japan's "Lost Decade" with us to understand why.

Double agents and drug discounts Aug 09, 2022

The cost of pharmaceuticals has been rising for years, well before inflation became the big economic talking point. Today on the show, why some policymakers suspect an obscure middleman is partly to blame.

The secret to upward mobility: Friends Aug 08, 2022

Who your friends are may be the key to your economic success story. In a groundbreaking study by Harvard researchers, find out why cross-class friendships may be the key ingredient to the American Dream.

What's really going on with unions Aug 05, 2022

Baristas and warehouse workers unite! After decades of decline, we're hearing a lot about new unions starting around the country. But union membership actually declined last year. We look at what's really happening.

If the world had no accountants Aug 04, 2022

We crunched the numbers (on Excel of course), and the results are in. There's not enough Certified Public Accountants right now. Can the world of finance come up with a solution to address this issue?

Climate Change Is Tough On Personal Finances Aug 03, 2022

More than three-quarters of adults in the United States say they've experienced extreme weather in the last five years, according to a nationwide survey conducted by NPR, the Robert Wood Johnson Foundation, and the Harvard T.H. Chan School of Public Health.
And events like floods, wildfires and hurricanes are emptying bank accounts — especially when insurance doesn't cover the damage. Today on The Indicator, we bring you an episode of Short Wave, NPR's daily science podcast.

Lessons from the 'Pandemic MVPs' Aug 02, 2022

After two long years, the results seem to be in. Which countries were the 'Pandemic MVPs,' the countries most resilient to COVID-19? And more importantly, what was the secret to their success?

The semiconductor shortage (still) Aug 01, 2022

The world runs on semiconductors. From cameras to cars, tiny chips power most electronic devices. So why do we have such a shortage of them?

Drugs, electric cars, taxes Jul 29, 2022

We assess the Inflation Reduction Act: Will there be unintended consequences from taking on Big Pharma? Will electric vehicles become cheap? And does the tax department need more money?

It's GDP... the remix! Jul 28, 2022

Ah, GDP, the titan of all economic indicators. But are we breaking it down correctly? Today, we're remixing GDP to evaluate the true health of an economy.

Feeling inflation in the grocery store Jul 27, 2022

Can you feel the inflation emanating from the milk aisle? Today on The Indicator, we explore how food prices – and who does the grocery shopping – affect how we think about inflation. Oh and don't forget your grocery list, because we're headed to the supermarket too.

Super Mario meets his match in Italy Jul 26, 2022

When Mario Draghi saved the euro with a 2012 speech, the world was in awe. Then he was called in to lead Italy's six motley political parties through the pandemic, and turn around Italy's economy.

What is a 'household'? Jul 25, 2022

Love is sharing a password, but maybe not anymore. With streaming services cracking down on account sharing, this got The Indicator team wondering, what exactly is the definition of a household?

Heating up the weekend with three climate indicators Jul 22, 2022

The sweltering heat has us wondering, how exactly are people responding to climate change? Today on The Indicator, we're going green with three environmental indicators. Stay tuned for a sliver of hope at the end.

The alchemy behind falling metal prices Jul 21, 2022

When in doubt, count on the price of metals like copper and gold to predict the economy. But what magical forces are driving prices in the metal market down?

LIVE From New York, the Beigie Awards! Jul 20, 2022

Two years ago, the pandemic haunted New York City. But now the Big Apple is back in full swing, with tourists and bodegas galore. To celebrate the return to normal, join us for the Beigie Awards, live from Times Square!

The monetization of college sports Jul 19, 2022

For some student athletes, taco discounts and even Lamborghini partnerships are becoming a reality. That's because last summer , the NCAA changed a decades-old precedence that banned college sports stars from pursuing lucrative brand deals. How has that decision changed the game a year on?

Here's why Black students are defaulting Jul 18, 2022

Before, after, and during college, the cards are still stacked against Black students. Today, we look at how that reality translates into Black borrowers being more likely to default on their student loans.

From Earth to the cosmos, indicators of the week Jul 15, 2022

On Earth and in space, economics affects us wherever we go. Today, we're looking at three indicators: The yen, copper prices, and NASA's James Webb telescope. Quite an otherworldly combination!

What broke Britain's economy? Jul 14, 2022

Seems like the British people might have to cut down on their afternoon tea... food prices in the UK are going through the roof, and wages are stagnating. Can the new Prime Minister handle the heat?

The rumbles of a reverse currency war Jul 13, 2022

As countries crank up their interest rates to fight inflation, the whispers of a reverse currency war are getting louder. But is this cause for concern or just political posturing?

Prime Day makes third-party sellers anxious Jul 12, 2022

Amazon Prime Day, the unofficial holiday of the e-commerce enthusiast, is here. But for third-party-sellers, today might not be a day for celebration.

Copyright small claims court Jul 11, 2022

A new alternative to federal court for copyright holders may provide an inexpensive route towards justice for small businesses. But is cheaper, better? How well will it work?

Jobs Friday: Gen Z and the scars of recessions past Jul 08, 2022

Gen Zers, it's time to put the TikTok away and revamp those cover letters. With murmurs of an upcoming recession, what does this mean for the newest entrants into the labor market?

The artificial strength of the Russian ruble Jul 07, 2022

Why is the Russian ruble so strong right now? Despite heavy sanctions, the Russian government has a special trick – a serum, if you will – up their sleeves.

The economic effects of being denied an abortion Jul 06, 2022

What are the economic consequences of being denied an abortion? In a recent study, an economist looked for the answer in a pile of credit data. And the results surprised even her.
The deadline to apply for an internship to Planet Money and The Indicator for fall through winter is extended to Sunday, July 17th. Come work with us! Go to npr.org/internships to apply.

Why a gas tax holiday might not be something to celebrate Jul 05, 2022

Amid daunting gas prices, President Biden's proposed federal gas tax holiday sounds like a sweet relief. But the economics behind this tax break reveals the push and pull between consumers and oil companies, and an unexpected outcome.

All roads lead to Russian indicators Jul 01, 2022

After the G7 talks, we're turning our attention back to Russia. But in typical The Indicator fashion, we're zooming in on three global commodities affected by the ongoing war: gold, oil, and wheat.
Planet Money and The Indicator are looking for our intern for fall through winter. Come work with us! We would love to have you. And it's paid! Go to npr.org/internships to apply. Deadline is Sunday, July 10th.

Where 'bull market' and 'bear market' come from Jun 30, 2022

Have you ever wondered where the terms 'bull' and 'bear' markets originated from? Today on the show, we're journeying back to the 1700s to find out how a particular financial event popularized these animal terms.

Russia's sanctions, graded Jun 29, 2022

On a scale of 1 to 10, how effective are the sanctions on Russia? Today on the show, we're grading the hodgepodge of sanctions aimed at persuading Russia to withdraw its troops from Ukraine.

The promise and peril of crypto for Black investors Jun 28, 2022

Black consumers are more likely to own crypto than white consumers and crypto enthusiasts laud the crypto world as a driver for racial equity. In today's show we explore that premise. If you're interested in learning more, listen to the episode and check out Terri Bradford's article on Black crypto ownership.

The celebrity crypto nexus Jun 27, 2022

From Jimmy Fallon to Reese Witherspoon, why are so many celebrities promoting crypto? We untangle the web of connections between Hollywood A-listers, Bored Apes, and one influential talent agency, with journalist Max Read. He wrote about this in his Substack newsletter, Read Max.

Burgers in Russia, Juul vaporized, THE trademarked Jun 24, 2022

This Friday, we're looking at fast-food companies who are still hanging on in Russia. Juul getting banned. And as a cherry on top, THE Ohio State University deciding to patent you guessed it, "the."

Does Bitcoin have a grip on the economy? Jun 23, 2022

The crypto market has taken a beating lately, and even though Bitcoin and other crypto assets are risky, they're becoming more mainstream. How concerned do we need to be about the recent crypto collapse?

What took the Fed so long? Jun 22, 2022

What took the Fed so long to address high inflation? Today on the show, we're exploring six reasons behind the Fed's hesitancy to hike interest rates, according to Bill Nelson, who spent two decades working for the Federal Reserve. For more background, check out our episode last week, Jerome Powell's ghosts.

The price of free stock trading Jun 21, 2022

Everyone's a stock trader these days. With a press of a button, companies like Robinhood allow everyday people to buy and sell shares with no fee. But, this practice is just a tad bit controversial.

The housing shakeup Jun 17, 2022

With rising interest rates, this economy has got us scratching our heads. To rent, or not to rent? To borrow money, or not to borrow? To qualify for a mortgage...or maybe not. Maybe our three indicators on the housing market will give clues.
Hey, we're off for Juneteenth but The Indicator will be back on Tuesday!

Going backwards on child poverty Jun 16, 2022

School's out, and so are pandemic-era relief measures for families with children. But when universal free lunches and expanded child tax credits roll to a halt, what are the consequences?
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Jerome Powell's ghosts Jun 15, 2022

The Fed hiked interest rates by 0.75 percentage points. But why the sudden jump now? Why not earlier? To understand the psyche of the Fed and its chair, Jerome Powell, we're turning back the clock to the 2013 Taper Tantrum, and a 2019 road trip.

Securing the (Telfar) bag Jun 14, 2022

3... 2... 1... GONE? Already? The Telfar Shopping Bag's been considered the "it" bag the last few years, if you can get your hands on one. It's also making big fashion statements by redefining luxury and accessibility in the fashion world.

Mergers, acquisitions and Elon's "rude" proposal Jun 13, 2022

For the corporate engagement of Elon Musk and Twitter, the road to the chapel has been unusually rocky. So how are these deals supposed to go, anyway?

A macroeconomist walks into a bar fight Jun 10, 2022

Welcome to the macroeconomic bar fight. Today, fists are being thrown over the causes of high inflation. But off to the corner stands John Cochrane, an economist with a core explanation for rising prices: government borrowing and spending.
Check out some of our earlier episodes on inflation:
- Why some economists last year were concerned about low interest rates and high government borrowing and spending
- Why the term 'transitory' inflation was banned by the Federal Reserve Bank of Atlanta as consumers spent and spent in 2021
- How the war in Ukraine raises prices around the world, including food prices, and a look at grain exports stuck in the country
- Whether corporate greed is to blame for inflation

The Beigie Awards: The gallon is half full Jun 09, 2022

June. School's out, the sun is shining and most importantly, the Beige Book is here again! Among the Federal Reserve Banks, which gave the best anecdote about how the economy is doing?

Are we entering a new dawn for antitrust enforcement? Jun 08, 2022

For decades, antitrust agencies focused on the harm to consumers. But lately, the federal government has started paying more attention to anticompetitive behavior when it comes to workers. Could this be a major turning point for antitrust enforcement?
For more on monopsony, check out the paper referenced in the show: Monopsony in Labor Markets: A Meta-Analysis.
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The rocky road ahead for startups Jun 07, 2022

What happens to the flow of venture capital when the market drops? We look at each player – from limited partners to venture capitalists to startups – and the choices they face when turbulent times are ahead.

The lopsided market for higher ed Jun 06, 2022

Ah, college... the classes, the parties, the debt. Is it still worth it? While most schools are seeing their enrollment decline, 'elite' schools are receiving a jump in applications.
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Behind the scenes of Jobs Friday Jun 03, 2022

The United States added 390,000 jobs in May. Today, we go behind the scenes to find the surprisingly delightful secrets to how the Bureau of Labor Statistics collects that number.

Home prices could fall, but is it a bubble? Jun 02, 2022

Housing prices all over the country are rising at historic rates. Some are concerned about a housing bubble and crash like the one in 2008. So what's happening?

How to get 20 million tons of grain out of Ukraine Jun 01, 2022

Russia's blockade of Ukraine's seaports have stopped 20 million tons of grain from getting exported. Today, how Ukraine is trying to get its trapped grain to countries that rely on these crucial food supplies.

An epic proxy battle comes to Hasbro May 31, 2022

The toy giant, Hasbro, is set for a contentious proxy vote in early June. An activist investor argues the publicly traded company is neglecting its most profitable asset. Today, how a proxy battle works and what it means for Hasbro.

The money going into and out of gun stocks May 27, 2022

After the mass shooting in Uvalde, Texas, some investors are making bets on gun-related stocks while others are trying to avoid them altogether.

The pros and cons of a strong dollar May 26, 2022

The U.S. Dollar has gotten a lot stronger in recent months compared with other currencies. Today, we dive into the economics of foreign exchange and the pros and cons of dollar dominance.

Tyler Cowen's 101 on discovering talent May 25, 2022

Matching talent with opportunity is great for economic growth. But when it comes to Identifying talent, we have a lot to learn according to economist Tyler Cowen. He joins the show today to talk about innovative strategies for finding under the radar talent.

Why women make great bosses May 24, 2022

Companies with more top female execs are more likely to please customers, be socially responsible, and are more profitable. But we don't know why. Today we talk to Corinne Post, who thinks she's solved the mystery.

The government program that contributed to the baby formula shortage May 23, 2022

Baby formula is in short supply after a voluntary February recall by the manufacturer, Abbott. Today, we explain how the government helped shape the U.S. formula market, and why that structure led to a devastating shortage.

Factory boom, credit card debt defaults and housing May 20, 2022

The economy is in a weird place right now. It seems like every day there are new numbers coming out that say economic conditions are either great or poor. Today, we bring you some indicators this week — factory output, credit card defaults and housing — and bring some clarity to the tumult.

Economists weigh in on the abortion debate May 19, 2022

With the Supreme Court expected to overturn its landmark decision on abortion rights, more than 150 economists submitted a brief with the court saying there will be major consequences if Roe v. Wade is overturned. Today on the show: How the field of causal inference helps economists decipher the effects abortion policy has had on people's lives during the past half century, and what the likely effects will be if Roe is overturned.

Bart Simpson's American Dream May 18, 2022

Last year, we analyzed whether or not the Simpson family's lifestyle was attainable for the middle class. A writer on the show listened to that Indicator, and decided to answer that question with an episode of their own. Today, we bring you a sneak preview of their take on America's shrinking middle class.

Tracking 1 million COVID deaths May 17, 2022

The United States has hit a million recorded deaths from COVID-19, a likely undercount. Today, how John Burn-Murdoch from the Financial Times tracks COVID-19, and what the true death toll really is.

Lessons from a former drug dealer May 16, 2022

Are the skills from dealing drugs transferable to the world of legal entrepreneurship? We review the evidence and meet Coss Marte, a former drug dealer who built a successful fitness routine business after a long time in prison.

Crypto crashed, stocks dropped, and Apple surpassed May 13, 2022

On today's edition of Indicators of the Week, we bring you the top numbers to know in the stock market, cryptocurrency, and the world's second most valuable company.

Beating the bond market: Luck or skill? May 12, 2022

Bill Gross is a retired investor known for creating and dominating the bond market. But what exactly made him so successful? Today, we talk to Aaron Brown, who created a mock portfolio to unpack the success of the Bond King.

Can inflation ... inflate away debt? May 11, 2022

We often talk about inflation as a bad thing. But for countries in a lot of debt, inflation has an upside. But can a country try to inflate its way out of debt?

The graying of America May 10, 2022

America is getting older which is bad news for the state of the labor market. Today, we learn how lower fertility rates and retiring seniors are contributing to shortages in the labor force.

EU leads the way on controlling big tech May 09, 2022

The European Union is poised to pass its latest big tech legislation package. The Digital Services Act could reshape how we interact with big online platforms. Today, we go through some of the highlights of the regulation.

What the Beveridge curve tells us about jobs May 06, 2022

Unemployment is low and job listings are at a record high: This shows up in a chart called the Beveridge curve. What's driving this? We talk to a former brewery manager to find out.

The palm oil price mystery May 05, 2022

Prices for cooking oil have spiked around the world. You can point to drought and, more recently, the war in Ukraine for reasons why. But palm oil prices were on the rise before those production shocks. Today, we look into the palm oil price mystery.

Quantitative easing, meet quantitative tightening May 04, 2022

To try and slow inflation, the Federal Reserve is going beyond its typical tool of raising interest rates, and adopting a policy of "quantitative tightening." So ... what is that, exactly?

A secret weapon to fight inflation May 03, 2022

Savings bonds are known for their low yields and relative safety. However, the recent inflation spike is creating a heightened demand for the Series I Bond. Today, we learn the mechanics of the I Bond and why it might be the hottest investment of 2022.

The market for on demand trucking May 02, 2022

The trucking industry saw a boom in the early months of the pandemic as consumer demand for goods surged. This caused a key trucking indicator known as the spot market rate to hit historic highs. Today, we learn what the recent decline in the spot rate could mean for the economy.

Econ Exploder: GDP Apr 29, 2022

The Bureau of Economic Analysis released their quarterly gross domestic product report this week. It showed GDP shrank at an annualized rate of 1.4%. Not good. But there's a mix of stories in the details. We explain with the help of a bit of music.

The rising tides of global food prices Apr 28, 2022

Global food prices were rising even before Russia's invasion of Ukraine, but the war in Eastern Europe is putting more pressure on supply. Today, the global impact of rising food prices and how countries are attempting to make up for missing supply.

Shanghai's lockdown economy Apr 27, 2022

Shanghai is enduring a strict COVID lockdown that has left many without many basic necessities, including food. So ordinary people have banded together to build their own group-buying and barter economy.

Sri Lanka's foreign exchange problem Apr 26, 2022

A series of policy missteps combined with a global pandemic is putting heavy economic pressure on Sri Lanka. Today, the events that led to surging prices, power outages and violent protests in the island nation.

You should probably get your plane tickets soon Apr 25, 2022

The pandemic crushed the airline industry, causing a wave of layoffs. While increased consumer demand in 2022 has analysts forecasting a profitable year for the major airlines, lingering issues are likely to make summertime travel more expensive.

Poison pill, Netflix, and Disney's kingdom explained Apr 22, 2022

Media and entertainment companies had a turbulent week, which made us want to cover a few of them for Indicators of the Week! Today, indicators for Netflix, Twitter, and Disney we think should be on your radar. Come see Planet Money Live in NYC on May 10th! One night only. Tickets on sale here.

China's tech crackdown backdown Apr 21, 2022

Over the past year China has enforced strict regulations on its tech platforms. But this crackdown has sparked such instability in financial markets that the Chinese government appears to be having second thoughts. | Come see Planet Money Live in NYC on May 10th! One night only. Tickets on sale here.

Russia tips into default... or does it? Apr 20, 2022

Russia is on the verge of doing something it hasn't done since 1918: Default on its foreign debt. Today, we explore what's happening, and why Russia and its creditors may be headed for a long, messy legal battle.

Cracking the code on cyber insurance Apr 19, 2022

In the wake of the war in Ukraine, American companies are preparing themselves for potential Russian cyber attacks. Many of them will need to rely on an insurance system that has historically looked to avoid paying out in times of war or crisis. Today, why the threat of cyber warfare has the insurance industry scrambling.

Land of opportunity (zones) Apr 18, 2022

A policy designed to draw investment to economically distressed communities has clearly benefited wealthy investors in the form of tax breaks. But the benefit to the communities is less clear.

Replacing the cult of the entrepreneur Apr 14, 2022

The development of the Moderna vaccine was the culmination of decades of scientific research. This research was able to flourish thanks in large part to Flagship Pioneering and its founder, Noubar Afeyan. Today, the innovative way Flagship created one of the most successful COVID-19 vaccine makers in the world.

Yield curve jitters Apr 13, 2022

Part of the yield curve has been inverting. This caused panic because the yield curve has a stunning track record at predicting recessions. But wait! A familiar friend helped us calm down.

Who eats the cost of higher food prices? Apr 12, 2022

Low-income households spend a disproportionate amount of their income on food and as inflation continues to spike, especially when it comes to food prices, these families are particularly vulnerable. However, research looking at how the Bureau of Labor Statistics calculates the consumer price index, indicates the CPI may be failing to show the extent of that harm. Today, why the CPI may be underestimating higher prices in the supermarket for low-income Americans.

Elon Musk and the fear of the activist investor Apr 11, 2022

Elon Musk is not shy about the changes he'd like to see with Twitter. So now that he is the largest shareholder in the social media giant, some fear he could become an activist investor.

Inflation indicators: Fed chatter, global inflation and used cars Apr 08, 2022

Inflation is one of the hottest topics in economics. So naturally, it's all we wanted to talk about in this edition of Indicators of the Week!

Insuring music venues during a pandemic Apr 07, 2022

The pandemic forced the closure of music venues around the country. Owners of many of these businesses believed their existing insurance policies would help them weather the storm. But, as it turns out, many of those policies weren't designed for COVID-19.

How green laws stop green projects Apr 06, 2022

America has a goal of net-zero carbon emissions by 2050. Without serious changes to lifestyles, that means dramatic investments in green energy. But environmental laws are getting in the way.

How Ukraine kept banks afloat and money flowing Apr 05, 2022

The Russian invasion meant Ukraine's central bank had to work to avoid financial collapse. We hear from an economist and a Ukrainian bank CEO about how they're keeping money moving.

Rationing: How it works and why it doesn't Apr 04, 2022

Russia's invasion of Ukraine is forcing Germany to rethink its reliance on Russian energy, particularly natural gas. And as it looks for solutions, the nation is talking about something economists despise - rationing.

Smells like teen jobs numbers Apr 01, 2022

The economic recovery is still hot with a streak of strong jobs reports over the last couple of months. One of the groups benefiting from this strong labor market are teenagers.

The weapons supply chain Mar 31, 2022

Ukraine has been receiving a steady stream of weapons from the United States and NATO for the past several weeks. Like the goods that come to your door, these weapons have to go through a supply chain. Today, we learn the steps.

War: The cost to Russia Mar 30, 2022

In the past, war can sometimes boost parts of the economy. After World War 2, the United States emerged as an economic superpower. The same, however, is highly unlikely for Russia in its current war with Ukraine.

Whistleblower protection program Mar 29, 2022

Whistleblowers are essential tools for agencies like the SEC in their efforts to root out corporate malfeasance. Jordan Thomas knows this better than anyone, as he helped create the government agency's program.

The economic impacts of a census miscount Mar 28, 2022

The census is an important tool for determining where federal funding is most needed. So what happens when those communities most in need are undercounted? Today, we cover the local economics of the census.

Russian stocks and sanctioned gold Mar 25, 2022

The economic pressure on Russia continues to build a month after its Ukraine invasion. How Russia is handling its stock market reopening and how the United States plans to close more sanction loopholes.

Destroying personal digital data Mar 24, 2022

The Federal Trade Commission's hammer hit a weight loss app geared towards children earlier this month. What this decision means for businesses, consumers and online privacy.

How an empty office becomes a home Mar 23, 2022

One of the consequences of stronger remote work culture is the abandonment of office space. These empty buildings have created opportunities for real estate developers to create housing in American cities where residential apartments are expensive and in short supply.

Forging new links in a supply chain Mar 22, 2022

The COVID-19 pandemic exposed the vulnerabilities in the global supply chain, including here in the United States. But when outsourcing failed, one textile manufacturer in Massachusetts came up with a plan.

Race, racism, and tax law Mar 21, 2022

Although there is no mention of race in the U.S. tax code, tax law professor Dorothy Brown believes race and taxes are closely intertwined.

Three indicators from the $1.5 trillion omnibus bill Mar 18, 2022

President Biden quietly signed a $1.5 trillion omnibus spending bill this week. It funds a lot of different programs, but what three are our indicators of the week?

Ukraine's warzone economy Mar 17, 2022

Russia's invasion has forced Ukrainian businesses to mobilize for the broader war effort. How are the people on the ground adjusting and what are they doing to support themselves?

How mortgage rates get made Mar 16, 2022

All eyes were on the Federal Reserve today as it hiked interest rates. What does the 0.25% increase mean for people borrowing money? And how exactly does the Federal Reserve raise interest rates?

Of oligarchs and silovarchs Mar 15, 2022

Governments in the United States, Europe, the United Kingdom and other countries have placed harsh sanctions on Russian oligarchs. But they may have missed the most influential people in Putin's inner circle.

Conflict and high food prices (Update) Mar 14, 2022

Climate change, farmworker shortages and increasing transportation costs were already driving global food prices higher and higher. What happens when you add war to the mix?

What do McDonald's stores, oil, and nickel have in common? Mar 11, 2022

It's another edition of indicators of the week! Today, we take a look at the wide-ranging effects Russia's invasion is having on corporations and commodities.

Corporate greed or just pandemic pricing? Mar 10, 2022

Some House Democrats continued to blame high inflation on greedy corporations this week. Today, we'll fact-check that claim.

The blunt weapons of Russia's central bank Mar 09, 2022

Heavy sanctions on Russia have forced Central Bank of Russia Governor, Elvira Nabiullina, to get creative. What steps is she taking to keep Russia's economy afloat?

The curious case of odious debt Mar 08, 2022

A dispute going back to 2013 involving Russia and Ukraine and $3 billion in bonds has revived a discussion about a legal concept called odious debt. What is it and how does the current conflict complicate the case?

Cryptocurrency, a safe haven? Mar 07, 2022

Safe-haven assets like U.S. government bonds and gold are seeing heightened interest from investors due to the uncertainty caused by the Russian invasion of Ukraine. So why are volatile cryptocurrencies also attracting attention?

Adding American Indians and Alaska Natives to Jobs Friday Mar 04, 2022

The Bureau of Labor Statistics has finally added American Indian and Alaska Native labor data to its monthly jobs numbers. Why it's important and how the Minneapolis Fed proved it was possible.

All eyes on OPEC Mar 03, 2022

OPEC produces over half of the world's internationally traded crude oil. How did this organization come about and what does it have to do with the war in Ukraine?

Will China come to Russia's rescue? Mar 02, 2022

Despite ups and downs, China has become Russia's most important trading partner. And some suspect China may support Russia as it deals with the economic fallout from sanctions imposed due to its invasion of Ukraine. What could that look like?

Economic warfare vs. Fortress Russia Mar 01, 2022

President Vladimir Putin spent years trying to sanction-proof Russia's economy. With recent sanctions from the West, his Fortress Russia idea is now being put to the test.

Who's gonna take care of grandma? Feb 28, 2022

Eldercare has been hit extremely hard since the pandemic began. A severe nursing shortage is lowering the availability and quality of care for seniors. What can be done to reverse course?

How the Ukraine crisis could affect your pocketbook Feb 25, 2022

Russia's invasion of Ukraine has sent markets all over the world into a frenzy. Just how widespread could the economic fallout be?

Three Russia economic indicators Feb 24, 2022

With Russia's invasion of Ukraine, we break down three economic takeaways from the invasion – the impact on oil prices, the global supply chain, and the strength of the Russian economy.

2021 was the year of the cyber heist Feb 23, 2022

A New York couple was recently arrested for laundering billions of dollars worth of stolen cryptocurrency assets. If the blockchain is so secure, how were federal officials able to catch them?

How to understand a trillion Feb 22, 2022

Indicators are all around us — but do we really understand these numbers' size and what they mean? Today, a data teacher gives us some tips on how to put these figures into perspective.

Indicators of the week: "Clean" hydrogen, criminal records, coffee Feb 18, 2022

The price of coffee beans is surging, the Biden administration wants to reduce the price of hydrogen and the surprising number of unemployed young men with a criminal record.

Backwardation in the oil market Feb 17, 2022

Oil prices are on the rise, but futures markets see them lower than where they are now. This is known as backwardation. Today, we learn what's behind this phenomenon.

How Hollywood changed the US wine industry Feb 16, 2022

The Academy Award-winning film, Sideways, is often credited with decimating sales for merlot and elevating taste for pinot noir. Some economists tried to prove it.

Where are all the COVID-19 bankruptcies? Feb 15, 2022

For much of the pandemic, government aid helped lower the number of personal bankruptcies dramatically. With those measures ending, close observers say a sharp increase is likely.

The Indicator's bet on the Super Bowl Feb 14, 2022

If sports bettors in the U.S. have a sacred holiday, it might be the Super Bowl.

Indicators of the week: International trade edition Feb 11, 2022

Our indicators of the week have to do with trade. On one hand, protests against covid restrictions on the Canadian border are blocking trade with America's biggest trading partner. On the other, a historic high for the national trade deficit.

How to bring down inflation Feb 10, 2022

Today, inflation hit a 40-year high of 7.5%. The Federal Reserve is expected to start raising interest rates next month, but how exactly does that affect inflation?

Nightmare on wall street? Feb 09, 2022

January was a rocky month for many tech companies as earnings reports came in. Paddy Hirsch joins the show to share what's scaring many investors in this correction market.

Doing business quietly in Beijing Feb 08, 2022

The 2022 Beijing Olympics are in full swing. But do many of the official sponsors seem a little quiet?

Five vital signs for scaling your big idea Feb 07, 2022

The Mcdonald's Arch Deluxe is one of the most infamous product failures in history. Economist John List helps us understand what happened and how it could've been averted.

Jobs Friday: Return of the airhorn? Feb 04, 2022

The January jobs report exceeded the expectations of many. Will the better-than-expected numbers merit the return of our old friend the airhorn?

Black Agenda: A conversation with Anna Gifty Opoku-Agyeman Feb 03, 2022

Anna Gifty Opoku-Agyeman is a rising star in the world of economics. Today, she joins us to talk about the collection of essays she edited, Black Agenda: Bold Solutions for a Broken System.

The Beigie Awards: Begging for bus drivers Feb 02, 2022

Trouble attracting employees has some companies offering free pet care and "No-meeting Wednesdays." One CEO was "liberally begging" for workers.

Multimillion dollar music catalogs Feb 01, 2022

An increasing number of major musicians are selling their songwriting catalogs for tens – and even hundreds – of millions of dollars. What's going on?

Is it time to control rent? Jan 31, 2022

Rent control is one of the most unpopular policies among economists and policy reporters. But current housing shortages have one long-time critic rethinking her position.

Revisiting Indicators: Bitcoin, masks, GDP Jan 28, 2022

The team comes together to showcase what's happened since we last checked on some previous headline-grabbing indicators.

Revenge of the venture capitalists Jan 27, 2022

Uber's CEO Travis Kalanick grew the company fast, but oversaw scandal after scandal. One venture capitalist wanted Travis out. Today: The epic tug-of-war between venture capital and founders in tech.

Cheese wars Jan 26, 2022

A US District Court just ruled Gruyere cheese can be made outside of the Swiss French border region – including here in the US. Today, what this court battle over a cheese has to do with global trade.

The opioid business plan Jan 25, 2022

Insys Therapeutics was an opioid startup that made lots of money for its addictive nasal spray. Today, we hear from Evan Hughes, author of the book Hard Sell: Crime and Punishment at an Opioid Startup, on how the company's carelessness led to its ultimate downfall.

Overdraft fees: From perk to penalty Jan 24, 2022

Banks make billions on overdraft fees every year. So why are some of them walking away now?

Indicators to watch in 2022 Jan 21, 2022

It's a new year so that means it's time to choose our indicators to watch! Listen to find out what we will be tracking in the economy for 2022.

How a bank messaging system could decimate Russia Jan 20, 2022

Russia has the United States and its allies worried about a potential invasion of Ukraine. One of the most painful sanctions NATO could impose would cut Russia's economy from the world.

Even you can buy a house with cash Jan 19, 2022

In this frenzied housing market, offering cash gives you a huge advantage. It used to be only wealthy people and investors could do it. But now some lenders will let everyday homebuyers put in a cash offer too.

Metabucks: Microsoft offers $69 billion to buy Activision Blizzard Jan 18, 2022

Microsoft just announced its intention to buy video game developer, Activision Blizzard, for almost $70 billion. This has some people speculating about Microsoft's future metaverse aspirations.

TikTok made me buy it Jan 14, 2022

TikTok has become one of the most popular social media platforms in the world, and increasingly, a powerful tool for marketing. Today, we learn why TikTok makes us buy.

What nails can tell us about the economy Jan 13, 2022

Despite being fairly simple items, nails can actually reveal a lot about the greater economy. Today, we talk to economist Dan Sichel about the history of nails and what they can teach us about economic trends.

The beef over price controls Jan 12, 2022

Inflation reached a 40-year high today of 7%! There's been a storm of debate about an old anti-inflation policy: Price controls. So we dust off the history books and see what happened in World War II.

Why are McDonald's ice cream machines always broken? Jan 11, 2022

McDonald's is notorious for frequent malfunctions of its ice cream machine. What's behind those malfunctions and why is the government getting involved?

Inland port priority Jan 10, 2022

Disruptive backlogs at west coast ports in the U.S. have caused some shippers to get creative with their routes. Today, we tell you why one vessel took the long route from Shanghai to Cleveland, Ohio.

Why full employment doesn't mean everyone has a job Jan 07, 2022

Unemployment is at 3.9%. Is this full employment? Some Americans aren't so sure. We look at this complex situation through the eyes of someone who has been job hunting for a long time.

Nurses and the never ending shifts Jan 06, 2022

In hospitals, it's standard for nurses to work a 12-hour shift. But research shows that may not be such a good idea for patients — or nurses.

J&J tries the 'Texas Two-Step' Jan 05, 2022

For years, Johnson & Johnson has been entangled in lawsuits regarding its talcum based products being linked to causing ovarian cancer. And to save itself from future lawsuits, the company is betting big on a tricky legal move named after a famous dance.

Full (ware)house Jan 04, 2022

Although there are more warehouses in the U.S. than ever before, these warehouses are running out of space. Today on the show, we go behind the scenes into the warehousing world to understand why warehouses are running out of space.

How to keep your New Year's resolutions Jan 03, 2022

2022 is finally here, and many people are excited for their fresh starts. But, it's no secret that following through with New Year's resolutions can be challenging. Today on the show, behavioral economist Katy Milkman shares her tips on how you can follow through.

How do you measure inflation? (Indicator favorite) Dec 30, 2021

It's Encore Week at The Indicator! We're sharing some of our favorite episodes of 2021.
Today, we hear one of Stacey's favorite episodes from this year. It's a deep dive into how the Bureau of Labor Statistics calculates a key economic indicator, the Consumer Price Index (CPI), the most widely used measure of inflation.
This episode originally came out in July.

The COVID small business boom (Indicator favorite) Dec 29, 2021

It's Encore Week at The Indicator! We're sharing some of our favorite episodes of 2021.
Today, we hear about people who became small business owners after losing their jobs due to the pandemic. AKA the hotdog guy episode!
This episode originally came out in July.

Saving birds with economics (Indicator favorite) Dec 28, 2021

It's Encore Week at The Indicator! We're sharing some of our favorite episodes from 2021.
Today, we hear Darian's favorite episode to work on this year. It's a story about one economist's idea to conserve wetland habitats and save birds from losing their homes.
This episode originally came out in July.

The time the US paid off all its debt (Indicator favorite) Dec 27, 2021

Hey Indigators! It's Encore Week at The Indicator. We're sharing some of our favorite episodes of the year.
Today, we're kicking things off with a listener favorite about the time President Andrew Jackson paid off all of America's interest-bearing debt...with disastrous results.
This episode originally came out in August.

One indicator to rule them all Dec 23, 2021

Indicator family feud is back, and the stakes are higher than ever! Stacey is joined by our friends from Planet Money as everyone makes their case for the indicator of the year. Who will win?

The Beigie Awards: Great (inflation) expectations Dec 22, 2021

It's time to award our last Beigie of the year! And we find out that reading the Beige Book from back to front makes all the difference in the world.

The semiconductor founding father Dec 21, 2021

One Taiwanese company, TSMC, makes 90% of the most advanced semiconductors — the chips for your phone or car. From Hong Kong to Boston to Texas to Taipei: This is TSMC founder Morris Chang's story.

Cells for sale Dec 20, 2021

You can buy almost anything online, including ... human cells. Culturing and selling cells is a multibillion dollar global industry that supports all sorts of scientific research. But where do those cells come from?

Powell pivots, COVID spikes Dec 17, 2021

Concern about inflation has the Federal Reserve pivoting from its earlier plans. Meanwhile, a spike in COVID cases disrupts Broadway, ball games, and businesses.

Why economists hate gifts (Encore) Dec 16, 2021

When economists see holiday gifts, they see waste: sweaters that never get worn; books that never get read. Many recommend cash or no gift at all. Economist Tim Harford proposes a different solution in this encore episode from 2019.

The growing discontent within the National Guard Dec 15, 2021

The recruiting message for the National Guard, "one weekend a month, two weeks a year," is well known. But the job has changed. Today on the show, we discuss the growing discontent among Guard members and why some want to unionize.

How much did fried chicken cost in 1915? Dec 14, 2021

With inflation on the rise, some of our favorite menu items have gotten a little more expensive. So we wanted to know if eating out is now cheaper or more expensive than in the past, adjusted for inflation. We look at a New York City restaurant menu from 1915 and compare it to today's.

The toymakers' (supply chain) nightmare before Christmas... Dec 13, 2021

Supply chain delays are always challenging. But during the holidays, slow shipping can make or break a company's bottom line. Today on the show, a toy company that makes Tonka trucks musters a shipment tracking war room.

Inflation indicators: The dollar store, the dollar slice and SPAM Dec 10, 2021

Inflation has officially reached a nearly 40-year high and some businesses have been forced to raise their prices. But it becomes a bit of a dilemma when being 'cheap' is your brand. Today on the show, how are businesses with price-centric brands dealing with inflation?

Baseball's major league monopolies Dec 09, 2021

Since last week, the MLB has been in a lockout due to ongoing labor negotiations between players and owners. Today on the show, how a 100-year-old court case gave the MLB an 'antitrust exemption' and how that set the stage for the labor unrest we see today.

Becky the junk bond: Where is she now? Dec 08, 2021

In 2019, we bought a junk bond and named her Becky. Two years later, Becky has been on a journey that's included Chapter 11 bankruptcy and reorganization. On today's show, Becky's journey finally comes to an end as we see how much we made on our investment.

The U.K.'s most famous family firm in crisis Dec 07, 2021

The last couple of years have been rough for most of us, the British royal family included. Due to a pair of scandals and Queen Elizabeth's recent poor health, the future of the royal family feels less certain than it has in years. Today on the show, the finance that drives "The Firm" and can it survive without its CEO?

The conglomerate paradox Dec 06, 2021

General Electric and Johnson & Johnson are the most recent conglomerates to have a messy breakup. However, Techglomerates like Amazon and Facebook are doing just fine. Today on the show, will today's tech conglomerates eventually suffer the same fate as their predecessors?

Jobs Friday: The case for better wages Dec 03, 2021

Today's jobs report found that workers received a small raise last month. And, yes, higher pay is great for attracting workers and boosting morale, but sometimes it can even pay for itself.

2021: A year in indicators Dec 02, 2021

After a tumultuous 2020, we welcomed the new year by picking three indicators to watch for economic recovery. As 2021 wraps up, we revisit those indicators to see how they've fared. Our old friend Cardiff Garcia returns for this walk down indicator memory lane.

Falling down the "junk insurance" rabbit hole Dec 01, 2021

If you Google "Obamacare signup," good luck finding healthcare.gov. It'll be buried under several ads trying to lure you to something less healthy. Today's show looks at a classic bait and switch.

Women, career and family: A conversation with Claudia Goldin Nov 30, 2021

Caregiving responsibilities for women have drastically increased since the start of the pandemic. And with new demands at home and at work, many women have struggled to find a balance between work and family. On today's show, economist Claudia Goldin joins us to talk about that and other issues in her new book, "Career and Family: Women's Century Long Journey Towards Equity."

The rise and fall (and rise?) of organized labor Nov 29, 2021

In the wake of the "great resignation", organized labor may be having a moment in the U.S. Tens of thousands of workers have protested working conditions at companies like John Deere and Kellogg's and, in recent months, workers across the country have chosen or threatened strike action. Today on the show, author Erik Loomis shares how the history of America's unions explains today's labor movement.

Indicators-giving! How much does Thanksgiving cost this year? Nov 24, 2021

How much will Thanksgiving dinner cost compared to last year? Today on the show, the Indicator team gathers around the virtual Thanksgiving table to let you know how much prices have changed for each holiday favorite.

Ticket scalpers: The real ticket masters Nov 23, 2021

Ticket scalpers. They're the bane of every fan's existence because they manage to snag concert tickets before fans can even get their webpages to load. An economist would tell you the story is more complicated than that.

Jeromonomics 2.0 Nov 22, 2021

Today President Biden reappointed Jerome Powell as chair of the Federal Reserve. So we revisit a recent episode about Jay Powell's first term and his approach to steering the economy — Jeromonomics.

BONUS: Wisdom From The Top Nov 21, 2021

This episode is from our friends at the podcast Wisdom From The Top, featuring our very own Stacey Vanek Smith!
Stacey Vanek Smith has reported on business and the economy for over 15 years now, first for public radio's "Marketplace," and now as the host of Planet Money's daily podcast "The Indicator." Over that time, she's seen the same barriers blocking advancement for women in the workplace again and again. Recently, she's started to recognize that a lot of tools to move past those barriers can be found in the work of Italian philosopher Niccolò Machiavelli.

An exuberant bid for the Constitution Nov 19, 2021

It's that time again! A crypto group fails to buy an original copy of the U.S. Constitution, Crypto.com succeeds in renaming LA's Staples Center, and warnings the economy might be too exuberant.

Rumor has it Adele broke the vinyl supply chain Nov 18, 2021

We're in the midst of a vinyl boom and chains like Walmart have been cashing in. But so have stars like Adele, who reportedly pressed over 500,000 records for her new album, "30." Today on the show, has Adele really clogged the fragile vinyl supply chain, or should we go easy on her?

Should Americans buy less stuff? Nov 17, 2021

Americans love to shop, and consumer spending has only increased since the start of the pandemic. Even the supply chains are tired. That's why one Bloomberg columnist believes it's time for an intervention.

Toyota Camry, supply-chain hero Nov 16, 2021

Toyota pioneered just-in-time production. But this lean method is dangerous when car parts are in short supply, like in a pandemic. Today: How Toyota invented and reformed just-in-time production.

'The China Shock' and the downsides of globalization Nov 15, 2021

Trade with China made American goods cheaper and lifted millions of Chinese people out of poverty. At the same time, it devastated communities across America's heartland. What have we learned from the "China Shock"? And what can we do to prevent something like it from happening again?

Why quitting got so cool Nov 12, 2021

This episode is all about quitters! Over 4 million people quit their jobs in September. That's a record high following another record quits rate in August. What does this trend say about America's evolving workforce, and when did so many people start saving "rest eggs?"

Indicators of the Week: Broadband, bonds, and break-ups Nov 11, 2021

It's Indicators of the Week! General Electric splits into three separate companies, the $1.2 trillion infrastructure bill promises faster internet speeds, and interest rates for government debt inched up.

The Money Illusion: Have Americans really gotten a raise? Nov 10, 2021

Although workers across the country have seen an increase in wages, the cost of things like gas and food have also been increasing. This leaves workers wondering whether these raises are real or just an illusion.

Global food, local sauces Nov 09, 2021

Adnan Durrani loved sourcing ingredients from all over the world for his food company Saffron Road. Then the pandemic hit. Now Adnan is totally reconsidering the benefits of globalization.

iBuyers, Zillow, and 'the lemons problem' Nov 08, 2021

With troves of data at their disposal, iBuyers like Opendoor, Redfin and Zillow have been trying to make money buying homes online and selling them — quickly. Armed with high-tech algorithms, what could go wrong? Lemons, for one thing.

The Great Hesitation: a Jobs Friday rom-com Nov 05, 2021

It's Jobs Friday, and we blow our first air horn in months! Albeit, a slightly muted one. Last month, the economy added more jobs than expected. But there are still millions of people staying out of the workforce. Why?

Landlords need help too Nov 04, 2021

For renters to receive emergency rental assistance, they usually need cooperation from their landlords. This is also true vice versa. On today's show, we hear about the struggles of two mom-and-pop landlords with renters who left them holding the bag.

Check out some of Chris Arnold's earlier reporting on the challenges renters are facing during the pandemic:

Why rent help from Congress has been so damn slow getting to people who need it

Georgia County Tried To Help Everyone Facing Eviction. Now A Crisis Looms
With The Eviction Moratorium's End Looming, Black Renters Likely To Be Hit Hard

Could Elon Musk really solve world hunger? Nov 03, 2021

Just 2% of Elon Musk's wealth could supposedly help solve world hunger. But how was this estimate calculated, and is solving this issue as simple as a billionaire writing a check?

Tangled up and beige: The Beigies are back! Nov 02, 2021

The Beigies are here again! October's Beige Book entries captured the seismic shift in the way we live during the pandemic, and things got a little emotional.

Rage against the customer service worker Nov 01, 2021

As if they don't have enough to worry about, restaurant, retail, and airline employees are still facing customer meltdowns over COVID-19 precautions. We ask a 'customer whisperer' if these explosive customers can be defused.

Are you afraid of inflation? Oct 29, 2021

Boo! The Indicator team invites you to listen to a spooky episode about an invisible monster that has given our economy a fright. Listen at your own risk...

Is the economy going stag(flation)? Oct 28, 2021

GDP numbers for the third quarter just dropped and they are... not awesome. With the economy experiencing slower than expected growth and rising prices, are we entering into a period of stagflation?

Can the Fed help solve climate change? Oct 27, 2021

From buying green bonds to monitoring bank lending, some central banks have already created policies to help fight climate change risk. Should the Fed be next?

Revisiting the ABLE Act Oct 26, 2021

When Chip Gerhardt's daughter Anne ran into some issues with Social Security disability benefits, his job as a lobbyist became very personal.

Squid Game: Debt, decisions, and the paradox of thrift Oct 25, 2021

In the Netflix show Squid Game, 456 desperate players compete to the death in a series of children's games for millions of dollars. How did their debt impact their decision making?

Indicators of the Week: IPOs, ETFs, GHGs Oct 22, 2021

It's Indicators of the Week! The U.S. is using a lot more coal for electricity, the first Bitcoin ETF is finally here, and WeWork officially debuted on the New York Stock Exchange.

Say my name Oct 21, 2021

Repeating a customer's name is a classic sales technique used by telemarketers to car salesmen. But can a salesperson use a customer's name too much?

Keep calm, it's just the bullwhip effect Oct 20, 2021

The Indicator team plays a beer game to understand how the bullwhip effect tangles supply chains. And no, it's not beer pong.

Labor market trick or treat Oct 19, 2021

Trick or treat! As we all know, some indicators are sweet, but others are scary. Luckily, one economist is here to help us separate the tricks from the treats in our labor market.

BRAND new friends Oct 18, 2021

In advertising, there's always been an unspoken rule — never praise your competition. But one marketing professor's research shows that approach can actually be good for businesses and their brand.

Indicators of the Week: strikes, prices, Black Friday deals Oct 15, 2021

Indicators of the Week! Prices are up again, but is it fair to call this 'transitory' inflation? Black Friday deals are early at stores anticipating supply-chain shortages. And America is on strike.

Congressional game theory Oct 14, 2021

For months, lawmakers have been negotiating two big spending bills with no end in sight. Game theory could explain the hidden strategies behind the congressional chaos.

Simon says we're stuck with the debt ceiling Oct 13, 2021

The debt ceiling approaches. A congressional standoff ensues. It wasn't always this way. So why did the debt ceiling get built? And how do other countries control their debt?

A Nobel prize for an economics revolution Oct 12, 2021

Joshua Angrist, Guido Imbens and David Card won the economics Nobel on Monday. On today's show, we talk to the Princeton professor who mentored two of the winners.

Jobs Friday: Where are all the older workers? Oct 08, 2021

Sure, some seniors took the pandemic as an opportunity to ride an RV into the sunset, but there's a darker story unfolding in today's jobs report. Today's show looks at the challenges many older worker can face as they try to reenter the workforce.

A new decade for Bond Oct 07, 2021

Daniel Craig's tenure as James Bond is coming to an end with the release of No Time To Die. With Amazon acquiring MGM, where does the 007 franchise go from here?

Technology brought to you by the s-curve Oct 06, 2021

A lot of things grow slowly, then fast, then slow again. From the growth in smartphone users to the rise of vaccinations, the s-curve explains a huge part of technological, scientific and economic change.

Facebook tries to save face Oct 05, 2021

Facebook's status hasn't been so hot of late. From internal documents leaked by a whistleblower to outages of hours. How does a company with millions of dissatisfied customers turn its image around?

Revenge of the math club Oct 04, 2021

In the high school lunchroom version of business school, finance majors were the popular jocks and logistics majors were... the math club. But nowadays, they're sitting at the cool kids' table.

No Dental, No Power, No Agents: Indicators Of The Week Oct 01, 2021

Indicators of the Week! Dentists resist the Biden administration's spending plan. China is rationing electricity. And Baltimore Ravens quarterback Lamar Jackson negotiates his own contract, agent-free.

Japanese Anime, Made In China Sep 30, 2021

Anime is a twenty-billion-dollar industry and it is growing fast. But traditionally, anime is produced in Japan. What happens when other countries try producing Japanese-style animation?

Rebuilding Paradise Sep 29, 2021

The 2018 Camp Fire burned down much of the town of Paradise, Calif. Over the years, wildfires in the West have become more frequent and intense. But Paradise is rebuilding for a more resilient future.

How WhatsApp Broke Lebanon Sep 28, 2021

Lebanon's economy is in freefall. The World Bank calls it one of the worst financial crises in a century. We look back at Lebanon's optimistic years, zooming in on the one key decision that started this house of cards. And we ask what this can teach us about booms and busts in general.

The College Admissions 'Melt' Down Sep 27, 2021

What is "melt" and why are college admissions departments sweating over it this year?

Indicators Of The Week: Evergrande, Stuck Ships, Town Managers Sep 24, 2021

From ghost apartments empty in China, to a backlog of ships in Los Angeles, to towns struggling to find city managers... yes, it's time for Indicators of the Week!

Why An Aging China Matters Sep 23, 2021

For decades China exported better and cheaper stuff. But now China's experiencing a factory worker crunch. It's been a long time coming.

The Unicorn Next Door Sep 22, 2021

A real estate startup says it's the fastest company in American history to achieve a billion-dollar valuation, but the neighbors aren't buying what they're selling: fractional home ownership.

Trust Us, 2020 Brought Us Together Sep 21, 2021

Political upheaval! Conspiracy theories! Global spread of disease! Sounds like a recipe for... trust? Today on the show, how 2020 increased trust, and how that trust underpins so much of our economy.

All In On Malls Sep 20, 2021

With the pandemic shutting down in-person life, thousands of retail stores closed up shop. But, some retailers see an opportunity for growth by moving into American malls. Let's go to the mall.

Indicators Of The Week: Colleges, Poverty, Airlines Sep 17, 2021

It's that time of the week again! On today's show, we bring the indicators on airline vaccine mandates, U.S. poverty after all that pandemic aid and a surprising shakeup in college rankings.

Gas Power To Electric Power To... Foot Power? Sep 16, 2021

Auto companies needing to lower emissions while facing car bans in some cities, are turning their focus toward a familiar, two-wheeled competitor. Today on the show, the rise of the e-bike.

Child Care Conundrum Sep 15, 2021

Millions of mothers left work during the pandemic. Decades of progress seemed lost. Is it time to reconsider how our economy handles child care and the workplace?

Do High Food Prices Mean Unrest? Sep 14, 2021

Climate change, farmworker shortages and increasing transportation costs are driving global food prices higher and higher. What happens when food costs too much?

The Beigie Awards: From Coasting To Ghosting Sep 13, 2021

Restaurant owners washing their own dishes? Shipping containers changing all prices mid-delivery? The rise of the spooky, surf-happy employee? It's the Beigie Awards!

Indicators Of The Week: From Bitcoin To Solar To Feelings Sep 10, 2021

It's time for Indicators Of The Week! This week: The confidence of consumers takes a hit, El Salvador makes it official with Bitcoin, and our future's so bright, we might just need those shades.

Do You Want To Live In A Bounty Economy? Sep 09, 2021

The Texas abortion law includes an unusual provision: a financial incentive to report others. On today's show, we look into another time in U.S. history where the government tried bounties.

A Quest To Support Women-Led Businesses Sep 08, 2021

A reporter frustrated by the gender and race gap in company CEOs sets out to buy products only from companies led or owned by women. Today on the show, what it takes to advance women in business.

Did Ending Pandemic UI Benefits Push Americans Back To Work? Sep 07, 2021

Early this summer, the U.S. inadvertently launched one of the largest unemployment experiments in history to see if unemployment benefits impact worker shortages. Today on the show, we find the answer.

When A Drought Boils Over Sep 03, 2021

As our week on water ends, we go to the heart of the conflict. On today's show, the ranchers on the frontlines of the Western drought are caught between a political battle and the climate crisis.

Should The Lawns In Vegas, Stay In Vegas? Sep 02, 2021

An epic drought and population explosion is draining Lake Mead and the Colorado River, which millions rely on. And then there's the lawns. Today on the show, what happens if the water runs dry?

Water's Cheap... Should It Be? Sep 01, 2021

As we grapple with the climate crisis, there's less and less water to go around. But in the U.S. water is cheaper than dirt. Today on the show, the reason we're willing to flush something so valuable down the drain.

Liquid Markets Aug 31, 2021

Economists often say we should put prices on scarce resources. So that's what Australia did with water. On today's show, how that turned out.

Water In The West: Bankrupt? Aug 30, 2021

Water is one of the West's most precious resources, but it's drying up. We begin a week of the economics of water. Today: Who has the rights? When there isn't enough, could the answer be bankruptcy?

Jeromonomics: Indicator Of The Week Aug 27, 2021

Federal Reserve Chair Jerome Powell has radically changed the Fed's approach to supporting the economy. Today for our Indicator Of The Week we explain "Jeromonomics".

The Taliban Controls The Afghan Economy. Now What? Aug 26, 2021

As the Taliban assumes control of Afghanistan, uncertainty looms over an already-fragile financial system. Today on the show, we look into Afghani currency and the Afghan central bank, how it worked before and the questions of this precarious present moment.

China's Big Tech Crackdown Aug 25, 2021

When a Chinese tech CEO shared a poem over a thousand years old, his company's stock plummeted. Investors are on a knife's edge as the Chinese government cracks down on big tech.

Enough With Bachelor's Degrees Aug 24, 2021

There are millions of job openings, but there are also many jobs that shut out qualified candidates simply because they don't have a bachelor's degree. Today on the show, we explore this phenomenon.

How To Trade-up From A Bobby Pin To A House Aug 23, 2021

TikTok deal-maker Demi Skipper is on a quest to get a house one trade at a time. Starting with just a bobby pin, Demi gives us a crash course on the economics of bartering.

Jabs And Retail: Indicators Of The Week Aug 20, 2021

It's that time of the week again! Today on the show, our Indicators of The Week about the insufficient number of global vaccinations and a dip in retail spending.

The Electric Grid-Lock Aug 19, 2021

So many players in the U.S. electrical game, but maybe less is more? A look into energy grids, how monopolies could topple, blackouts stop, and the climate impact of it all. On today's show, who controls the power?

Who Owns The Moon? Aug 18, 2021

Location, location, location! As private companies race to control space travel, a conversation around spatial real estate gets reignited. Today on the show, can you buy the moon? If so, how much?

The Spit Queen, The Economist And The NBA Aug 17, 2021

Yale's Anne Wyllie pioneered saliva coronavirus testing, but wasted a lot of precious time worrying about funding. Until she met her fairy godmother, an economist funding covid-fighting ideas fast.

Holy Cow, It's Fake Meat! Aug 16, 2021

In recent years, meat alternatives have grown in popularity. But they remain more expensive than the real thing. Why?

Indicator Of The Week: 4.5 Trillion Aug 13, 2021

The recent updates on the Biden Administration's infrastructure bills raise a serious question: what counts as infrastructure? Today on the show, we speak with two economists on the topic.

R.I.P. Office Aug 12, 2021

Not every job can be done remotely, but will those that can stay remote? Today on the show, we discuss the current trends in remote work with an economist.

Long Live The Office Aug 11, 2021

The rise of remote work and telecommuting during the pandemic raises questions about the future of the office. Today the argument for why offices are here to stay.

Too Much Import, Too Little Export Aug 10, 2021

The transportation industry has a bottleneck right now, not only with imports, but also exports. Still many container ships are leaving American shores empty. Why is that?

An Economist's Advice On Digital Dependency Aug 09, 2021

American adults on average spent more than four hours on their phones in 2020. Can we reduce our phone usage if we want to? Some recent research says yes.

Return Of The Air Horn? Jobs Friday July Edition Aug 06, 2021

The Bureau of Labor Statistics recently released the jobs report for July. The economy added nearly one million jobs. An economist helps us analyze these numbers.

Why Host The Olympics? Aug 05, 2021

The Tokyo Olympics will cost tens of billions of dollars, making it one of the most expensive Olympic games in history. So why do cities want to host the Olympics?

The Origin of Value: The Greater Fools Theory Aug 04, 2021

History is full of financial bubbles. People speculate on real estate, stocks, coins, even flowers. Why do bubbles happen? The answer may lie in a concept known as the greater fools theory.

The Time the US Paid Off All Its Debt Aug 03, 2021

President Andrew Jackson was ruthless in reducing federal debt. The administration paid off all interest-bearing debt in 1835, but the results were not as rosy as people expected.

The Rise And Fall Of WeWork Aug 02, 2021

WeWork was one of the most valuable startups in the world, until it wasn't. Today we speak with journalist Maureen Farrell, who covered WeWork extensively and recently wrote a book on its history.

Indicators of the Week: Family Feud Edition Jul 30, 2021

There are so many indicators this week, so we invited our friends from Planet Money to compete for the best Indicator of The Week.

Marriage Boom: Sin City Edition Jul 29, 2021

The wedding industry lost tens of billions of dollars in 2020. Now the numbers are roaring back, especially in Las Vegas. Today on the show, we explore the marriage boom in Las Vegas and elsewhere.

BTS: The Band That Moves The Economy Jul 28, 2021

Korean boy band BTS is a global music phenomenon. The group has millions of fans called A.R.M.Y., who happily support the group with their wallets. Today on the show, we dive deep into the economic impacts of BTS and what makes the group special.

Nudge Vs Shove: A Conversation With Richard Thaler Jul 27, 2021

Nobel Prize laureate Richard Thaler is a rockstar in the world of economics. His book Nudge introduced many of us to the field of behavioral economics and how it could be used in public policy. Today we speak with Professor Thaler on his latest and final edition of Nudge, and go beyond nudge to the land of sludging and shoving.

Relax, Millennials! You're Doing Great. Jul 26, 2021

According to new data from the Federal Reserve millennials are struggling. A closer examination of economic data, however, paints a different picture.

Mailbag: Children Edition Jul 23, 2021

On today's show, kids ask everything you were too afraid to admit you didn't know about money — what is it, where did it come from, what happens if a government goes bananas printing it.

Saving Birds With Economics Jul 22, 2021

The Pacific Flyway, one of the major bird migration routes in North America, has lost over 90% of its original wetland habitat in California. Purchasing and restoring these lands would cost a lot of money. But one economist had an idea: What if we paid rice farmers to flood their fields?

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