The Indicator from Planet Money

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?

The Tequila Boom And Agave Bust Jul 21, 2021

The demand for tequila is booming, but it wasn't always the case. We speak with a fifth generation tequila distiller and a tequila scholar on the history of tequila and what will happen with this current boom.

Burnout, Poaching And Robots Taking Our Jobs: The Beigie Awards! Jul 20, 2021

The Beigie Award is out for July! This time our winner talks about employee burnout, increased talent poaching, and a special cameo from someone we all know and love.

Should Business Mandate Covid Vaccines For Employees? Jul 19, 2021

Only 3 to 4 percent of small businesses in many states require workers to show proof of vaccination but in Puerto Rico, the number is 20 percent. Why? We speak with an economist and two business owners to find out.

In Tech We Antitrust: Indicators of The Week Jul 16, 2021

President Biden signed an executive order promoting competition and large technology firms came under fire. We speak with economists Luigi Zingales and Carl Shapiro on the history and implications of antitrust.

The COVID Small Business Boom Jul 15, 2021

After millions of people lost their jobs during the pandemic, many of them started their own businesses. In June people started over 440,000 new businesses. We speak with a hot dog stand owner about his journey and an economist on this trend.

Australian Wine: Political Football Jul 14, 2021

Australian wine exports to China have gone from about $1 billion a year to nearly nothing overnight. Australia blames geopolitics, saying the Chinese government wants to send a message to the world.

How Do You Measure Inflation? Jul 13, 2021

The Consumer Price Index helps to understand prices and inflation, but where do the numbers come from in the first place? We tagged along with an economist to find out the prices of socks, butter, and daycare.

Keeping Up With The Kandasamys Jul 12, 2021

Streaming services have changed how people consume films and TV shows, but they've also changed what viewers are able to consume. For example, a rom-com about two Indian families who live next to each other in South Africa, is now available to a global audience.

Used Car Silver Lining: Indicators Of The Week Jul 09, 2021

Used cars are expensive right now. Bloomberg writer Conor Sen thinks it might be a reason behind recent inflation. We explore how used cars got so expensive and used cars' relationship with the CPI.

Shrinkflation: Inflation's Sneaky Cousin Jul 08, 2021

Inflation is the talk of the town recently, but some companies are shrinking the size of their products and charging the same price, aka "shrinkflation". Today we explore the booming market of inflation's sneaky cousin.

How Do You Reduce Child Poverty? Jul 07, 2021

The Biden Administration and Congress have introduced expanded child tax credits for families in 2021. Senator Michael Bennet, the author of the original plan, hopes to make the bill permanent. We speak with him and economist Hilary Hoynes on the implications of child tax credits.

Beach Reads For Econ Nerds Jul 06, 2021

It's summer, which means time to read at the beach. We asked professor Tyler Cowen for his picks. His three books cover scientific progress, the rocket business, and how to cope with doomsday.

Are We Looking At The Wrong Jobs Numbers? Jul 02, 2021

The world of unemployment rates can get confusing. We are here to help. What is U-3 and what is U-6? Of course, U-2 is here as well. And now, the Indicator presents... the U-Blend!

Desperately Seeking Construction Workers Jul 01, 2021

Demand for homes has increased dramatically this year and supply can't keep up. One of the biggest issues is a labor shortage in the construction industry. So employers are increasing wages and getting creative to entice people into the trades.

That Time America Paid For Universal Day Care Jun 30, 2021

When millions of women entered the workforce during World War II, what happened to the children? The government stepped in and created the first federal child care program. What happened to it?

Can TikTok Cancel Your Hospital Bills? Jun 29, 2021

TikTok videos are entertaining and sometimes... life-saving. Earlier this year, a video on hospital bill cancellation went viral. We speak with the creator to find out how he got into charity care.

The Jobless Benefits Experiment Jun 28, 2021

In a few weeks, more than half of the fifty states will terminate the pandemic assistance unemployment benefits. What does this reveal about the current state of the economy?

Crypto Crash, Labor Shortage and Leggings vs. NFTs: Indicators Of The Week Jun 25, 2021

There are big changes in the crypto and the retail world. Bitcoin's price declined from recent highs, as mining activities stopped in China. Meanwhile, the retail sector cannot keep up with booming demand...

The Line Americans And Canadians Can't Cross Jun 24, 2021

Sixteen months have passed since the closure of the US-Canada border. What are the economic impacts on border towns, local residents, businesses and cross border tourism?

Traffic Jam: Cargo Style Jun 23, 2021

Residents of a small town in Washington state are troubled by something big... container ships. Why are they there? What does this say about the state of the global shipping industry?

The Vet Clinic Chow Down Jun 22, 2021

We love our pets, but do you know what Corporate America loves even more? Veterinary clinics. Today on the show, we explore the explosion of corporate investment in the vet clinic world.

Kit Kat, Puppies, And Masks: Anthro-Vision Jun 21, 2021

What do Kit Kat, dog food, and mask wearing have in common? You'll find the answer in the new book Anthro-Vision. We speak with its author, journalist and anthropologist, Gillian Tett.

Bluer Skies Ahead Jun 17, 2021

Covid-19 has brought so much loss and hardship, but there was at least one pleasant surprise for Beijing - less hazy skies and air pollution. Today on The Indicator, the concept of experience goods. How you don't know the value of something until you actually experience it. And how in Beijing there were blue skies during the COVID lockdown.

Millennial Myth-Busters: Housing Edition Jun 16, 2021

It's time to bust some myths about millennials... real estate edition! Millennials are a big part of the real estate boom this year. How did that happen? We speak to an industry insider and an economist to find out more.

Why Is The Fed So Boring? Jun 15, 2021

Fed Chair Jerome Powell will speak tomorrow. His words will likely be boring, but the financial markets are watching carefully. Such words seem to have serious implications. Why is that?

Is Movie Night Back? Jun 14, 2021

Many people will watch movies on a big screen this summer, but the pandemic fundamentally changed the industry. How can movie theaters survive and possibly thrive post-pandemic?

Taxes, Oil Prices And Why We're All Quitting Our Jobs: Indicators Of The Week Jun 11, 2021

It's time for the Indicators Of The Week! Our three indicators are: tax, oil, and jobs. We will cover their importance and how they are relevant to Bono, the Ford F-150, and Kim Kardashian.

The Case For Inflation Jun 10, 2021

The latest Consumer Price Index reveals 5% inflation over the last year. Should we be worried? Treasury Secretary Yellen says no. Two economists argue yes. The Indicator presents... the inflation hawks!

Women, Work And The Pandemic Jun 09, 2021

Millions of women left the workforce during the pandemic. Today, a story about a mother's tough decision to leave work and an economist's view on the labor market for women during the pandemic.

Wagyu Steaks And Worker Shortages: The Beigie Awards Jun 08, 2021

The Indicator gives out the special Beigie Award eight times each year, and it's that time today! We are honoring the Federal Reserve branch that told the story of beef. Yes, premium cuts!

A Technology Tale: David Beats Goliath Jun 07, 2021

Zoom is the most popular video conferencing software and many people's communications lifeline during COVID. How did the tiny company beat tech giants like Google, Microsoft, and Cisco?

Jobs Friday: Rise Of The Self Employed Jun 04, 2021

It's Jobs Friday! It's not exactly the jobs report we wanted, but there were some bright spots. On the Indicator, we discuss the rise in self employment.

Have A Missing Matisse? Call The Art Detective Jun 03, 2021

Art crime is a big business, and it requires special skills to investigate. Enter Christopher Marinello, one of the world's foremost experts in art recovery.

Dear Class Of 2021... Jun 02, 2021

Dear graduating college classes of 2021: Congratulations! On The Indicator, Stacey and Cardiff present an economic guide to the future that awaits you.

Leveling The Playing Field Jun 01, 2021

Several schools have cut women's sports teams during the pandemic, and some of the teams have lawyered up in response. Ultimately, these lawsuits ask the question: how do we measure equality?

Unpacking President Biden's Big Budget May 28, 2021

President Biden unveiled a massive budget proposal on Friday. We discuss the hefty price tag and ask two economists to weigh in on his plan.

Fighting A Racist 184-Year-Old Law May 27, 2021

The Chehalis Tribe had a plan to create jobs and revenue. The only problem? A racist law from 1834.

What Does It Take To Get Us To Try Something New? May 26, 2021

You may have the best product in the world, but that doesn't mean people will try it. What does it take to get consumers to try something new?

Who Let The Dogs Out? May 25, 2021

When people were stuck at home during Covid lockdowns, the pet sitting business slowed to a trickle. But recently traveling has picked up and now pet sitters can barely keep up with demand.

The Growing Racial Divide In Millennial Wealth May 24, 2021

Many white millennials have made amazing progress in building wealth in recent years. Meanwhile, Black millennials keep falling further and further behind.

Dogecoin, Retail And The Cafe Table Indicator May 21, 2021

For this edition of Indicators of the Week, we hear from economists Kate Waldock and Ben Ho about what they're looking at to signal the health of the economy: the strength of retail and Dogecoin.

America's Best-Selling Truck Goes Electric May 20, 2021

The Ford Lightning is the first electric F-150 pickup truck, and it could be a historical tipping point for the US auto industry. The only problem? Selling it to old-school drivers.

We're Bad At Calculating Risk May 19, 2021

Life constantly requires us to calculate risk, and we're just not very good at it.

Blood And Treasure May 18, 2021

Obsessing over hidden treasure isn't just for pirates and conquistadors. In 2010, an eccentric art dealer launched a modern day treasure hunt that lasted ten long years.

The Great Vaccine Patent-Off May 17, 2021

The US just backed calls by South Africa and India to waive intellectual property protection for COVID-19 vaccines, but that may not be enough to ramp up vaccine production.

Brood X Economy: Indicators Of The Week May 14, 2021

The Brood X cicadas are finally back this summer, but what was life like 17 years ago when they first went underground?

How Do You Get People To Get A Vaccine? May 13, 2021

What's the best way to persuade people to get a vaccine? A new study from the University of Pennsylvania may have the answer.

The Rise And Fall Of The Skinny Jean May 12, 2021

Skinny jeans have reigned supreme for two decades, but now their rule seems to be ending.

Pay Taxes Less Frequently? We're Interested... May 11, 2021

Taxes can be a nightmare for taxpayers and also for the under-resourced IRS. But there's an idea that could make taxes easier for everybody: only pay taxes once every two years.

The Hacking Business May 10, 2021

A cyberattack forced the shutdown of a major U.S. fuel pipeline, and the hackers wrote ... a press release? We discuss the business of hacking, and why hackers would give a press statement.

Jobs Friday And The Labor Market Mystery May 07, 2021

Unemployment is still above 6%, but companies across the US are saying they can't find people to fill their jobs. What's going on?

Pepsi's Number Fever May 06, 2021

Sometimes companies offer sales promotions that are TOO good, ending in livid customers and a disaster for the company.

The VITA(L) Role Of Free Tax Prep May 05, 2021

The IRS helps millions of people do their taxes FOR FREE every year. But, as with many things in the past year, covid has made this a little more complicated.

Confusion In The Health Insurance Marketplace May 04, 2021

Millions of Americans are eligible for huge savings on health insurance due to Biden's stimulus plan, but many haven't taken up the offer. Why is it so hard to give people a break on health insurance?

A 21st Century Union May 03, 2021

A new union was formed earlier this year. Why has it caught our attention? Some of its members make more than $300,000 a year, and they all work at Alphabet, Google's parent company.

Shortages: Inflation In Disguise? Apr 30, 2021

The pandemic spurred a year full of shortages, so why haven't producers responded by raising prices in most cases?

Inflation, Unemployment And The Phillips Curve Apr 29, 2021

For decades, policymakers chose to put millions of people into either a frying pan (inflation) or a fire (unemployment). An idea called the Phillips Curve was influential. But is it still?

Confused When Online Shopping? It Might Be A Dark Pattern Apr 28, 2021

Dark patterns are online tricks used by retailers and marketers that cause you to do things that you didn't mean to do. And they're becoming more and more common.

Back to Business? Apr 27, 2021

We join Stacey for her first haircut of the year, and discuss the future of the service economy as the end of the Covid-19 pandemic (hopefully!) nears.

Barbie's Big Makeover Apr 26, 2021

There's been a Barbie boom recently, and it's due in part to new collections of products featuring diverse skin tones and body types, as well as an accompanying PR makeover.

The Origin Of The Oscars Apr 23, 2021

It's almost time for The Oscars! We look back at the founding of The Oscars, and how it propelled the American movie industry to the prominence it holds today.

The 26 Words That Made The Internet What It Is Apr 22, 2021

How one man's legal fight turned 26 ambiguous words from a 1996 law into the shield big tech companies hide behind to this day.

Too Many Real Estate Agents Apr 21, 2021

There are now more realtors than homes for sale, and this is not just concerning for real estate agents facing extra competition. New research suggests too many real estate agents can make downturns worse for the entire housing market.

Plastic Is The New Toilet Paper For Scientists Apr 20, 2021

A lot of pandemic-related supply chain snafus have been corrected, but scientists are still struggling to get some of their most basic supplies. What's going on?

It's Time To Fly Apr 19, 2021

People are flying again. But so many airplanes are still parked in storage. Getting them in the air again isn't always so simple.

A Beige Revolution - Shaking up the Beige Book Apr 16, 2021

It's Beigies season! We honor the Federal Reserve Bank that added two new sections to their Beige Book entry: Worker experience and Minority- and Women- owned Business Enterprises.

After The Banks Leave Apr 15, 2021

The Covid-19 pandemic has accelerated the decline of in-person banking. But after a bank branch finally closes down, what happens to the community left behind?

What McDonald's Tells Us About The Minimum Wage Apr 14, 2021

When the minimum wage goes up, where does the extra pay for workers come from? Princeton economist Orley Ashenfelter turned to McDonald's to look for some answers.

How Burlington Powered Through 2020 Without A Website Apr 13, 2021

Burlington shut down its online store right as the pandemic started, but it still weathered 2020 well. In fact, its stock prices just hit an all time high! What's Burlington's secret to success?

How Amazon Defeated The Union Apr 12, 2021

The results are in: Amazon workers in Bessemer, Alabama will not unionize, for now. We discuss the tactics companies use to keep organized labor at bay.

Indicator Favs: How An Econ Experiment Changed Lives Apr 09, 2021

Cardiff picked our final installment of favorites week. We learn about an experiment that led to more low-income students attending an elite college. Sometimes all it takes is the right nudge.

Indicator Favs: The Case Of The Pricey Fritos Apr 08, 2021

This favorite episode comes in the form of a mystery. Corn prices were falling, but the price of Fritos in the White House press corps break room went up by 20%. The Indicator was on the case.

Indicator Favs: The Rise Of The Machines Apr 07, 2021

In today's classic, the robots take over the show from Cardiff and Stacey as we continue our week of favorite episodes.

Indicator Favs: The Recession Predictor Apr 06, 2021

It wouldn't be favorites week at The Indicator without the yield curve. Meet it again for the first time in this classic from the first time Cardiff brought it to the show.

Indicator Favs: Let's Get Ready To Retail Apr 05, 2021

This week we're picking our favorite Indicators and adding a little behind the scenes peek. Today, the first time Stacey and Cardiff realized they share a taste for the bizarre in podcasting.

Peak Gasoline And Cardiff Fare Thee Well Apr 01, 2021

On this very special episode of Indicators of the Week, we talk about the decline of demand for gasoline and reflect on the past three years of the show with Cardiff.

The Virtual Office Mar 31, 2021

The Indicator team has been working remotely for about a year now. While remote work has its perks, sometimes we miss sharing an office space. Can virtual reality help bridge the gap?

15 Million N95s Without A Buyer Mar 30, 2021

The start of the COVID-19 pandemic led to an N95 mask shortage. Now there's still a shortage, but many American mask manufacturers can't sell their masks. We break down the reasons why.

Schmoozing And The Gender Gap Mar 29, 2021

Women now make up nearly half of entry level work workers, but there's still a gap higher up on the corporate ladder. One possibility for why this is happening? Schmoozing.

Boats And Bull Markets: Indicators Of The Week Mar 26, 2021

On Indicators of the week, we discuss the Suez Canal blockage hindering global trade and the stock market recovery since last year's low point. Plus, listeners chime in with their indicators!

Stimulus And The Shopper Mar 25, 2021

Stimulus checks have started to hit many Americans' bank accounts. Will this give an extra boost, or maybe even a lifeline, to retailers?

Facebook And The News: It's Complicated Mar 24, 2021

Many media outlets think they need to be on Facebook to reach people. So why did New Zealand's biggest news publisher decide to go it alone?

Rise of the Robocall Mar 23, 2021

Americans get billions of robocalls every month. They are almost universally despised, so how have they managed to stick around? The answer lies in the economics, of course.

Myths And Realities Of America's Rural Economy Mar 22, 2021

Rural communities are sometimes perceived as farmland with a homogenous population, but economist Gbenga Ajilore helps us explain the demographic and economic diversity within Rural America.

Indicators of the Week! Interest Rates and Global Poverty Mar 19, 2021

On the show, we look back at the number of people globally who fell into poverty last year due to the Covid-19 pandemic, and look forward to where U.S. interest rates are projected to stay until 2023.

The Giant Pool Of Unmatched Music Royalties Mar 18, 2021

The music industry has boomed thanks to streaming, but with thousands of new songs being added to platforms everyday, sometimes royalties slip through the cracks unpaid. $424 million worth of royalties, to be exact.

A Culinary Tour Of Brexit Mar 17, 2021

What has trade with the EU been like for Britons post-Brexit? We answer that question by looking at some of the tastiest indicators around.

The Covid Reset: A Chat With Constance Hunter Mar 16, 2021

Is an economic reset on the way? Economist Constance Hunter explains how technology and businesses have changed during Covid, and how these trends offer some hope for long-term recovery.

PLEASE sell me a home! Mar 15, 2021

The median price of a single family home in Bozeman, Mont., is now over half a million dollars — nearly a 20% increase from last year. Why has the housing market gotten so hot so fast?

Chips, Cars and the Baby Bust Mar 12, 2021

The Covid-19 pandemic has caused demand shifts and supply chain snafus that have led to many shortages. For Indicators of the Week, we'll be looking at two more: cars and ... babies?

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