The Story of Money

Latest Episodes:

Who will pay for the next Covid vaccines? Sep 28, 2022

Show notes

As the rollout of bivalent boosters for Covid-19 continues, experts are concerned that the US isn’t doing enough to support the development of the next wave of vaccines and treatments that the world needs. In this week’s episode, we hear from White House Covid coordinator Ashish Jha, professor of molecular medicine and cardiologist Eric Topol and the FT’s US pharmaceuticals correspondent Jamie Smyth on what the future of Covid vaccines could and should look like.

- - - - - - - - - - - - - - - - - - - - - - - - - -

For further reading:

Investors ditch vaccine stocks after Joe Biden says ‘pandemic is over’

Joe Biden’s Covid-19 tsar warns millions risk losing access to treatment

- - - - - - - - - - - - - - - - - - - - - - - - - -

On Twitter, follow Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The next hurdle for unions in the US Sep 21, 2022

Show notes

Over the last year, Starbucks baristas across the US banded together to form unions at the stores where they work. And workers at other big name companies like Amazon have joined in to organise their own workplaces, too. But the FT’s labour and equality correspondent Taylor Nicole Rogers explains how these and other new unions around the US are running up against a classic problem in labour. Can they convince their employers to come to the bargaining table to hash out a contract?

Clips from NBC, CBS

- - - - - - - - - - - - - - - - - - - - - - - - - -

For further reading:

US trade unions: Inside the revival brewing at Starbucks

Joe Biden secures deal to avert US rail strike

Howard Schultz vows Starbucks rebound after coffee chain ‘lost its way’

- - - - - - - - - - - - - - - - - - - - - - - - - -

On Twitter, follow Taylor Nicole Rogers (@TaylorNRogers) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Inside the fight to stop an oil pipeline in Africa Sep 14, 2022

Show notes

Construction of a massive oil pipeline in east Africa is underway. For the governments of the countries it will run through, it promises new economic opportunities. But for many others, it could spell trouble. Like the fight over North America’s Keystone Pipeline, this one has become an important battleground for environmental groups around the world. The FT’s Leslie Hook explains the approach activists are taking to fight it.

Clips from UBC Television Uganda

- - - - - - - - - - - - - - - - - - - - - - - - - -

For further reading:

The oil giants drilling among the giraffes in Uganda

Marsh revealed in oil pipeline project shunned by leading banks and insurers

- - - - - - - - - - - - - - - - - - - - - - - - - -

On Twitter, follow Leslie Hook (@lesliehook) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Introducing Tech Tonic, Season 4: A sceptic’s guide to crypto Sep 08, 2022

Show notes

Tech Tonic is back with a new season all about crypto!

We wanted to share with you the second episode of the latest season of Tech Tonic. FT columnist and host Jemima Kelly tries to understand why an influential Silicon Valley investment firm thinks that Web3 is a good bet. Will blockchain technology really be the foundation of a new internet era? Is Web3’s promise to decentralise the internet going to pose a challenge to companies such as Facebook and Twitter? The FT’s innovation editor John Thornhill interviews Chris Dixon, head of Andreessen Horowitz’s crypto fund, and Jemima talks to Molly White, author of the Web3 Is Going Just Great blog.

Follow Tech Tonic to hear the full season here.

Hosted on Acast. See acast.com/privacy for more information.

Blockchain seeks a role in fighting climate change Sep 07, 2022

Show notes

Buying carbon credits is a way for companies to show they’re serious about fighting climate change. But keeping track of these credits is tricky. Now, advocates of the blockchain - the technology that underpins cryptocurrency - say that its digital ledger could be a possible solution to bring transparency to the market. On today’s episode, the FT’s Camilla Hodgson explores whether this technology could help fight climate change or whether some supporters are just in it for their own benefit.

- - - - - - - - - - - - - - - - - - - - - - - - - -

For further reading:

Crypto and climate change: can web3 help get us to net zero?

FT News Briefing

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Is Goldman Sachs too big to change? Aug 31, 2022

Show notes

Early in his tenure the new Goldman Sachs CEO David Solomon presented a grand new vision for what the massive bank should become. How has it panned out since? And is there still time for Solomon to make the changes it needs? The FT’s US banking editor Joshua Franklin examines what Solomon has and hasn’t achieved in his four years at the helm.

Clips from CBS

- - - - - - - - - - - - - - - - - - - - - - - - - -

For further reading:

In era of quick-fire bosses, Wall Street embraces the ‘forever CEO’

The reinvention of Goldman Sachs: what has David Solomon achieved?

Goldman raises profitability target in effort to bridge valuation gap

- - - - - - - - - - - - - - - - - - - - - - - - - -

On Twitter, follow Joshua Franklin (@FTJFranklin) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Afghanistan one year later Aug 24, 2022

Show notes

The FT’s south Asia correspondent Ben Parkin explains how Afghanistan’s economy has changed in the year since US forces left the country and the Taliban retook control of the government.

Clips from CBS, BBC

- - - - - - - - - - - - - - - - - - - - - - - - - -

For further reading:

The Taliban’s black gold: militants seize on coal to reboot economy

Life under the Taliban: ‘what matters is that we’re hungry’

The Taliban’s new order: ‘We’ll introduce a system for the world’

- - - - - - - - - - - - - - - - - - - - - - - - - -

On Twitter, follow Benjamin Parkin (@b_parkyn) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Why central banks are baffling investors Aug 17, 2022

Show notes

The Federal Reserve has spent more than a decade buying up government debt as part of a post-2008 program to support the economy, also known as quantitative easing. Now with inflation reaching record highs, those days are over, and a new era of quantitative tightening is emerging. On this week’s episode, the FT’s markets editor Katie Martin explains how markets expect to grapple with the change.

Clips from ABC, CNBC, CBS

- - - - - - - - - - - - - - - - - - - - - - - - - -

For further reading:

Did QE cause inflation?

The mystery of how quantitative tightening will affect markets

Did central bank balance sheets really need to get so big?

- - - - - - - - - - - - - - - - - - - - - - - - - -

On Twitter, follow Katie Martin (@katie_martin_fx) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Why VC funding is drying up Aug 10, 2022

Show notes

Venture capital fundraising hit a record-high last year. There were more deals, and more money poured into startups last year than at any other time in history. Now, the FT’s Richard Waters says the fundraising bonanza is over. On this week’s episode, we explore what that means for the future of startups.

- - - - - - - - - - - - - - - - - - - - - - - - - -

For further reading:

Venture capital’s silent crash: when the tech boom met reality

Klarna’s valuation crashes to under $7bn in tough funding round

Venture capital’s delayed rendezvous with reality

- - - - - - - - - - - - - - - - - - - - - - - - - -

On Twitter, follow Richard Waters (@RichardWaters) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The rise of the ‘F@$K It’ investor Aug 03, 2022

Show notes

Since the 2008 financial crisis, it’s become more and more difficult for Americans to chart a path toward financial security. Things like buying a house and paying off student loans have become more challenging for young people to do. And that’s given rise to a new generation of investors the FT’s Madison Darbyshire calls “generation moonshot.”

Clips courtesy of NBC News, CNBC, ABC News, CBS

- - - - - - - - - - - - - - - - - - - - - - - - - -

For further reading:

Generation moonshot: why young investors are not ready to give up on risk

How retail investors can navigate the rough terrain of US equities

A year on, we haven’t absorbed the lessons of the GameStop saga

- - - - - - - - - - - - - - - - - - - - - - - - - -

On Twitter, follow Madison Darbyshire (@MADarbyshire) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.