Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media. Twitter: @Marketplace
Kai and Kimberly host our weekly happy hour episode, “Economics on Tap,” live from the stage of WBUR CitySpace in Boston. We’ll dive into the biggest headlines making waves this week while sipping on our favorite drinks. Plus, Drew joins the stage to host a round of our favorite game, Half Full/Half Empty!
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\\n\\nWe can’t do this show without you. Send us your questions, comments or wild suggestions at makemesmart@marketplace.org or leave a voicemail at 508-U-B-SMART!
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Hey Smarties! We’re on the road to Boston for a live taping of “Make Me Smart” with special guest, historian Heather Cox Richardson. So today we\\u2019re bringing you an episode from the latest season of “How We Survive,” Marketplace\\u2019s climate solutions podcast. In this episode, Kai Ryssdal and the “How We Survive” team head to the very, very top of Alaska to understand how climate change and national security are converging in the Arctic.
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Want to join Kai Ryssdal and Kimberly Adams for our live taping of \\u201cMake Me Smart\\u201d in Boston on Oct. 25? In-person tickets are sold out, but you can still join us virtually. Get your tickets\\xa0here.
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There’s a movement to make it possible to repair our gadgets ourselves instead of having to send them back to the company that makes them or, you know, just get a new one. The “right to repair” movement in consumer electronics has made real gains in recent years. Several states, like California, New York and Oregon, have passed legislation requiring it. And it looks like Apple’s newest iPhone \\u2014 the 16 \\u2014 has made strides in that department. Marketplace’s Meghan McCarty Carino spoke with Kyle Wiens, CEO of the online repair guide iFixit, about the iPhone 16’s improved repairability.
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As Election Day looms closer, the emails and texts from campaigns pleading for money continue to flood voters’ inboxes. A CNN investigation found that some of these tactics have misled elderly Americans into giving away millions of dollars. We’ll get into the financial consequences of aggressive campaign fundraising strategies. Then, we’ll discuss how Republican pundits are responding to former President Donald Trump’s shocking statements about military affairs. And, we’ll talk about a payment owed from a defamation case: a luxury New York apartment.
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Join Kai Ryssdal and Kimberly Adams for a live taping of \\u201cMake Me Smart\\u201d on Oct. 25 in Boston. In-person tickets are sold out, but you can still join us virtually. Get your tickets here.
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In the weeks after Hurricanes Helene and Milton hit the Southeast, the price to rebuild has become a topic of contention in the home insurance market. For years, home insurers have identified climate change as a threat, cut coverage and increased premiums for properties in disaster-prone areas. But now, home insurers are also using new technologies such as drone footage and artificial intelligence to identify other high-risk areas in urban and suburban neighborhoods.
\\nThen, we’ll get into what headline inflation measures leave out of the cost of housing. And, how do we prepare for the upcoming Election Day in the shadow of the Jan. 6, 2021, attack on the U.S. Capitol? Later, we’ll hear from listeners on voting from overseas and the origins of trick-or-treating.
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Do you have an Election Day tradition? Maybe you like to mail your ballot or treat yourself to coffee after hitting the polls. Let us know what your voting routine looks like at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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This episode is sponsored by Greenlight. Sign up for Greenlight today at\\xa0greenlight.com/million.
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Across the country, pharmacies big\\xa0 and small are closing. The closures have disproportionately affected rural and low-income communities, leaving residents with limited access to prescription drugs and creating so-called \\u201cpharmacy deserts.\\u201d We\\u2019ll discuss a New York Times investigation about the middlemen driving pharmacies out of business. Plus, should the American Dream be a townhouse? And, introducing the real “househusbands” of Wall Street.
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\\nJoin Kai Ryssdal and Kimberly Adams for a live taping of \\u201cMake Me Smart\\u201d on Oct. 25 in Boston. In-person tickets are sold out, but you can still join us virtually.\\xa0Get your tickets\\xa0here.
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Vice President Kamala Harris sat for her first interview on Fox News Wednesday as the Democratic presidential candidate continued her media blitz ahead of the November election. And while it’s generating plenty of headlines, these kinds of big interviews just don’t hold the power they used to, according to Nick Quah, a podcast and culture critic at New York Magazine who’s been following the candidates’ interviews on the alternative media circuit. Marketplace’s Meghan McCarty Carino spoke with Quah about how Kamala Harris’ appearance on more internet-native shows like the podcast “Call Her Daddy” or Donald Trump’s appearances on various “bro-centric” shows like Logan Paul ‘sYouTube channel represent a notable media shift compared to previous elections.
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Today we\\u2019re talking about a key piece of the global transition to renewable energy: metals. Specifically, metals like copper, lithium and cobalt that we need to build wind turbines, electric vehicles and to improve our energy grid. Vince Beiser, author of the forthcoming book “Power Metal: The Race for the Resources That Will Shape the Future,” said we’ll need hundreds of millions more tons of these metals. But mining them comes at a cost. On the show today, Beiser explains the environmental and social consequences of mining for these metals, China’s dominance over the supply chain, and ways to make the transition to renewables more fair. Plus, why mining in space is a pipe dream, at least for now.
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Then, we’ll get into how the U.S. dairy industry could be upended if former President Donald Trump’s plan for mass deportations took place. And, how one listener makes voting a party.
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\\nWe love to hear from you. Email your comments and questions to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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This episode is sponsored by Greenlight. Sign up for Greenlight today at\\xa0greenlight.com/million.
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Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Community Federal Savings Bank, member FDIC.
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Federal Emergency Management Agency crews working hurricane recovery efforts paused aid in parts of North Carolina over the weekend after threats were made against workers and an armed suspect was arrested. We talk about the rise of misinformation around FEMA’s response to Hurricanes Helene and Milton, including falsehoods pushed by former President Donald Trump. And, we discuss an atmosphere of political violence as Trump urges using the military on Election Day. Plus, are we one step closer to commercial space travel?
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We love to hear from you. Email your comments and questions to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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This week, more than a dozen states came together to sue TikTok over the social media app’s effects on young users. Now, a\\xa0report by NPR and Kentucky Public Radio shows executives at the company were well aware of the harms to teens. We’ll get into it. Plus, is the cost of rebuilding after a natural disaster becoming a luxury few can afford? And, would you wear pajama pants to school or work? That and more in a round of Half Full/Half Empty.
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Join Kai Ryssdal and Kimberly Adams for a live taping of “Make Me Smart” on Oct. 25 in Boston. In-person tickets are sold out, but you can still join us virtually. Get your tickets here.
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The new kid on the block of social media, Meta’s Threads, hit 200 million active users in August. When it launched in the summer of 2023 as a rival to the platform formerly known as Twitter, Meta said the app would eventually be integrated into the so-called fediverse. This “federated universe” is the most prominent example of a decentralized social network in which users can join any affiliated platform and interact with content from all the others. Recently, Meta took some steps to integrate Threads into this ecosystem, and Will Oremus, tech news analysis writer for The Washington Post, has been following the developments.
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Almost half of adults in the U.S. are single. But so many of our economic policies and financial systems, from homeownership to retirement planning, cater to couples. Today’s episode is an excerpt from a Marketplace live show in Denver, hosted by “Make Me Smart” co-host Kimberly Adams, on the economics of being single. Kimberly is joined by a panel of experts who break down the financial challenges (and perks) of living the single life, and the power of pushing back against the societal pressures to pair up.
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Until about a decade ago, independent cybersecurity researchers in the U.S. weren’t allowed to examine voting machines for potential vulnerabilities. But that ban was essentially lifted in 2015. Two years later, DEF CON \\u2014 one of the largest hacker conventions \\u2014 decided to invite hackers, cybersecurity researchers and election officials to find those flaws during its annual Voting Village event. Marketplace’s Kimberly Adams spoke with Catherine Terranova, executive director of Voting Village, about how they balance the well-intentioned work of finding vulnerabilities before bad actors do and the problem of misinformation around the security of voting machines.
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Hey Million Bazillionaires, are you ready? We\\u2019ve got another season of \\u201cMillion Bazillion\\u201d coming out October 8!
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This season, Bridget and Ryan will be answering your questions about savings accounts, retirement plans, the difference between brand name and store brand products, why we use pennies and so much more. They’ll even visit a circus bank and hit the mall for some Black Friday shopping!
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Don\\u2019t forget to\\xa0sign up\\xa0for the \\u201cMillion Bazillion\\u201d newsletter so you never miss an episode and get access to episode extras, including conversation starters for grownups and kids.
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We\\u2019ll be making dollars make more sense every Tuesday starting Oct. 15. Listen to a sneak peek above, get caught up\\xa0on any episodes you may have missed and subscribe wherever you listen to podcasts!
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Since the start of the Israel-Hamas war a year ago, the U.S. has spent at record $17.9 billion on military aid to Israel \\u2014 more than any other year since this aid started. This adds to the already heavy human toll of the conflict. We’ll discuss the mounting costs of war. Plus, Anthony Fauci’s new warning about a mosquito-borne illness. And, is the pumpkin spice tax real?
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Help us catch up to our Fall Fundraiser goal today: https://support.marketplace.org/smart-sn
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All those fancy artificial intelligence systems need a lot of data centers to run, and those data centers need a lot of energy. One estimate from the Electric Power Research Institute suggests that current data center electricity consumption in the U.S. will more than double by 2030, making up about 9% of all energy use. But the AI sector is coming up against the big energy-hungry tech innovation of yesteryear: crypto mining. Marketplace’s Meghan McCarty Carino spoke with Reuters reporter Laila Kearney about the scramble to power up in both industries.
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Today we\\u2019re talking about voting tech and the push in some areas to move away from machines and go back to hand counting ballots. A legal battle is brewing in Georgia over a new rule requiring ballots be hand counted on election night to ensure the tally matches electronic records. Arizona has added a similar requirement. The issue has become particularly mired in misinformation in recent years, with some election deniers questioning the security of the tech used in our elections. While some may believe hand counts are more accurate, the number of jurisdictions across the country relying on them on election night has been steadily dropping. Marketplace’s Meghan McCarty Carino spoke with Pam Smith, president and CEO of the nonpartisan organization Verified Voting, about why the practice of counting ballots by hand is waning.
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All sorts of statistics related to immigration are being thrown around in debates, speeches and campaign ads ahead of this year’s election. Immigration estimates are painstakingly calculated by various government agencies. But lately, economists have been wrangling with wide gaps between some of these numbers. On the show today, Jed Kolko, former under secretary for economic affairs at the U.S. Department of Commerce, explains how government agencies actually crunch immigration numbers, why two agencies’ estimates aren’t matching up right now and why accurate immigration data is crucial to how we understand the economy and setting economic policy.
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Then, we’ll get into why the ongoing dockworkers’ strike is about more than just higher wages. And, we’ll get smarter about a common cooking herb.
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\\nHelp us reach our Fall Fundraiser goal to hear from 2,500 Marketplace Investors. Give right now: https://support.marketplace.org/smart-sn
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This week, we’re talking about how teenagers are using artificial intelligence tools like chatbots and image generators, often without the knowledge of their parents and teachers, according to a recent report from the nonprofit Common Sense Media. Monday we heard about that research from Jim Steyer, founder and CEO of the group. And now we want to home in on a specific piece of what he said: “If you look back at the advent of social media, about 20 years ago, we pretty much blew the regulatory side of that, but also the educating teachers and parents part of that. And we left kids on their own.” So we called up Nathan Sanders, an affiliate of the Berkman Klein Center for Internet and Society at Harvard, who has written about the overlapping risks of AI and social media.
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Recovery efforts are continuing in the aftermath of Hurricane Helene, which made landfall in Florida last Thursday and caused widespread devastation across several southeastern states. We talk about the cost of moving to areas prone to natural disasters. Plus, why Americans now, more than ever, are reliant on state and federal support to supplement their incomes. Then, Kai has a Jon Stewart moment. And, the backstory of an iconic photo from the 1970s of a group of friends enjoying an extravagant breakfast at the National Mall has us smiling!
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We love to hear from you. Email your comments and questions to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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There have been a lot of rumors and misinformation recently about voter registration and voter list maintenance, adding confusion to what experts say are secure processes. And while election officials regularly update voter lists, it’s become increasingly important that individuals also keep their voter registration information up to date. Marketplace’s Kimberly Adams recently spoke with Josh Visnaw,\\xa0 project manager at a Harvard University initiative called VoteFlare, about the challenges of maintaining accurate voter lists and how VoteFlare is trying to help.
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The 1979 disaster at the Three Mile Island nuclear power plant helped define the energy conversation in the United States. Now it’s being reopened to help power artificial intelligence. We’ll get into the deal between the owner of the plant and Microsoft. Plus, the hosts weigh in on how some schools are warming up to AI and whether companies should take a political stand in a game of Half-Full/Half-Empty.
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If you’re in the Denver area, join Kimberly Adams for a live panel discussion on the economics of being single on Sept. 23. Make Me Smart listeners get a discount with the promo code SMART. And if you can’t make it in person, join the livestream on Monday at 6:30 p.m. Mountain time.
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A federal appeals court heard arguments Monday in a case that pits the First Amendment against national security. TikTok sued to block a bipartisan-backed law that will ban the Chinese-owned app in the U.S. by January 19 \\u2014 unless it finds a U.S. buyer. This week, the government argued the app gives China access to Americans’ sensitive data, as well as the ability to spread propaganda. While TikTok argued it’s been unfairly singled out and that a sale isn’t the only way to address security concerns. TikTok touts 170 million users in the U.S., and that includes both candidates for president. A group of U.S.-based creators have also joined as plaintiffs in this lawsuit. Anupam Chander, professor of law and technology at Georgetown University, walked Marketplace’s Meghan McCarty Carino through the arguments in the case.
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The Federal Reserve is expected to cut interest rates this week for the first time in four years. It would be a major milestone in the central bank’s long fight to get inflation under control. The Fed changes interest rates to keep inflation in check. But inflation is a complex phenomenon, and people have different ideas about what drives it. On the show today, Harvard economics professor Stefanie Stantcheva explains what Americans believe about the root causes of inflation and how the government should manage it, how views differ along party lines and the role media play.
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Then, the narrative around retail theft is changing. And, comedian Rola Z who hosts the “Funny Arabs” show in Washington, D.C., answers the Make Me Smart question.
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\\nWe want to hear your answer to the Make Me Smart question. Leave us a voicemail at 508-U-B-SMART or email us at makemesmart@marketplace.org.
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The bipartisan NO FAKES Act, aimed at regulating deepfakes created with the aid of artificial intelligence, moved forward in the House of Representatives last week after it was introduced in the Senate in July. But in the absence of federal rules, several states have already stepped in. Last month, California became the third to back legislation regulating digital replicas. The home of Hollywood follows Tennessee, which earlier this year passed a ban on unauthorized deepfakes known as the ELVIS Act, and Illinois, which enacted a similar law last month. Marketplace’s Meghan McCarty Carino spoke with Steve Brachmann, a freelance journalist specializing in intellectual property law, to learn about how these bans work.
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It’s decision week for the Federal Reserve! Chair Jerome Powell and his colleagues are expected to reduce interest rates for the first time since 2020. Investors are predicting a half-percentage-point cut, but we’re on Team 25. We’ll explain why. Plus, the origin of the false rumors about Haitian immigrants that reached the presidential debate stage. And why the cost of your Temu and Shein orders may go up.
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Kimberly Adams is headed to the Mile High City. Join us for a live panel discussion on the singles economy Sept. 23 in Denver. Use promo code \\u201cSMART\\u201d for a special discount on your ticket. We hope to see you there.
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The cryptocurrency industry has been fairly quiet recently, with the scandals around the bankruptcy of crypto exchange FTX and its former chief executive, Sam Bankman-Fried, fading from the headlines. But behind the scenes, the industry has become a bit of a power player in the 2024 elections \\u2014 funding political ads, endorsing House and Senate candidates and raising millions of dollars, according to a recent report from the nonprofit group Public Citizen. Marketplace’s Meghan McCarty Carino spoke to Axios reporter Brady Dale, author of the Axios Crypto newsletter, to learn more.
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Last night’s presidential debate between Vice President Kamala Harris and former President Donald Trump kicked off with a question about the economy \\u2014 often cited as the top issue for voters. But the discussion that followed was notably light on economic policy. So, can the state of the economy swing this election? And, we’ll get into more takeaways from the big debate. Plus, are run clubs and grocery stores the new dating apps for singles?
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Over the last couple of years, the tech industry has slashed hundreds of thousands of jobs, many of them in recruiting and other departments working to improve diversity. Companies like Meta and Google, which earlier set ambitious hiring and investment goals, have pulled resources from those efforts. As a result, many nonprofit groups set up to train and recruit underrepresented workers are struggling to stay afloat. One prominent person in the field is Lisa Mae Brunson, founder of the nonprofit Wonder Women Tech. Marketplace’s Meghan McCarty Carino asked her how things have changed.
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Among the trends of mis- and disinformation spreading ahead of the 2024 election is the narrative that large groups of noncitizens are illegally voting. Marketplace’s Kimberly Adams recently spoke with Danielle Lee Tomson, a research manager with the University of Washington’s Center for an Informed Public, about how this narrative is affecting the November election.
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This conversation is part of \\u201cMarketplace Tech\\u2019s\\u201d limited series\\xa0\\u201cDecoding Democracy.\\u201d Watch the full episode on our YouTube channel.
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The Joe Biden administration announced a final rule aimed at making sure insurance coverage for mental health and substance abuse disorders is on par with traditional medical benefits. We’ll explain why the Supreme Court’s Chevron decision poses a threat to the rule. Plus, the Supreme Court’s emergency docket is filling up with challenges to Environmental Protection Agency standards. And, we’ll talk about a Paralympic marathoner who opted to help out her stumbling guide, even if it cost her a medal.
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\\nWe love to hear from you. Email your comments and questions to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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The IRS and U.S. Treasury Department announced today the recovery of $1.3 billion from high-income tax dodgers since last fall, citing funding from President Joe Biden’s Inflation Reduction Act as the catalyst for increased collection enforcement efforts. And we hear about the a new investigation into airline rewards programs. Plus, we discuss the value of musical-turned-movie remakes during a game of Half Full/Half Empty! And, a little PSA about 401(k)s.
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\\nKick off your weekend with our \\u201cTunes on Tap\\u201d Spotify playlist\\xa0featuring some of our favorite summer jams! Get the playlist here.
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The artificial intelligence company Anthropic is launching a new product targeted at businesses. It’s a step above the company’s consumer-facing products, like its popular chatbot Claude. We’ll explain what it could mean for human jobs. And, we’ll get into the White House efforts to combat Russian-backed attempts to influence the November presidential election. Plus, we’ll smile about 385 million-year-old fish fossils and an unsung hero who’s made coal mining a safer job.
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Facebook and Instagram parent company Meta is expanding AI offerings across its products, even as the company gets rid of AI features that haven’t quite landed with consumers. The bottom line? CEO Mark Zuckerberg says \\u201cMeta AI is on track to be the most used AI assistant in the world by the end of the year.\\u201dThen, the Wall Street Journal’s senior personal tech columnist Joanna Stern shares surprises and regrets on her journey as an electric vehicle owner. But first, this week in Congress, the Senate passed the Children and Teens’ Online Privacy Protection Act, also known as COPPA 2.0, and the Kids Online Safety Act, or KOSA, in a rare bipartisan vote \\u2014 91 senators voted in favor, with just three opposing these measures, which aim to reduce harm to kids on the internet.
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It’s a rare issue that can bring the political parties together in Congress, and the need to regulate social media companies ranks high on that very short list. Two industry veterans want Congress to create an agency that sets safety and privacy rules for platforms \\u2014 and enforces them. The status quo, they argue, is like letting airlines fly without Federal Aviation Administration oversight. The idea comes from Anika Collier Navaroli and Ellen Pao. Pao, an attorney and now CEO of Project Include, pushed to ban revenge porn on Reddit during her tenure as interim CEO. Navaroli, an attorney and senior fellow at Columbia Graduate School of Journalism, was involved in Twitter’s decision to ban former President Donald Trump from the platform in 2021, when she was a senior policy expert there. Marketplace’s Lily Jamali spoke with Navaroli and Pao about their proposal.
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Back in 1990, then-President George H.W. Bush signed the Americans with Disabilities Act, the world’s first comprehensive law for people with disabilities. It was seen as making up for an area in which the Civil Rights Act of 1964 fell short. “The stark fact remains that people with disabilities were still victims of segregation and discrimination, and this was intolerable,” Bush said. Now, the legislation passed at the dawn of the internet age is being adapted to ensure digital access for everyone. That means ensuring access to captions on web videos to support deaf Americans and the ability to resize text so people with low vision can read it. Marketplace’s Lily Jamali spoke with consultant Nicolas Steenhout, who explained how the Department of Justice is updating the rules.
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Today, we\\u2019re talking about one of Kai Ryssdal\\u2019s favorite topics: soccer! The sport’s U.S. audience is only expected grow, especially as the country gets ready to host the World Cup in 2026. Paul Tenorio, soccer writer for The Athletic, said access to the sport has changed dramatically for Americans over the last decade. On the show today, Tenorio explains why soccer is gaining a new audience, what lessons American stadiums can learn from mistakes at the recent Copa Am\\xe9rica tournament, and how legendary player Lionel Messi is bringing eyes and money to the game in the United States.
\\nThen, we’ll get into how companies are using troves of data to target different consumers, and why this “surveillance pricing” has caught the attention of the Federal Trade Commission. And, what a travel editor got wrong about repeat travel.
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Here’s everything we talked about today:
\\n\\nSend us your suggestions for Paris Games-themed cocktails or let us know what Olympic events you’re looking forward to watching. Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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Online sales in the U.S. surpassed $14 billion during Amazon Prime Day last week, according to Adobe Analytics. Amazon’s heft and promotional power continue to drive sales, even for rivals, during the shopping jamboree. But in Europe, an important market for the e-commerce giant, lawmakers have become increasingly sensitive to Amazon’s relations with its rivals, as well as its partners and customers. They’ve requested that Amazon hand over information about its product recommendation algorithms, along with data on ads, by Friday. It’s part of compliance with the European Union’s Digital Services Act, a sweeping set of tech regulations that took effect in recent years. Marketplace’s Meghan McCarty Carino discussed it with Theo Wayt, who covers Amazon for The Information.
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FBI officials are still looking into what motivated the 20-year-old gunman who attempted to assassinate former President Donald Trump on Saturday. As of this episode, investigators have yet to publicly share any conclusions about his reasons for the attack, which killed a rally attendee and injured the former president and two others. But the lack of information didn’t stop misinformation from flooding online channels. Marketplace’s senior Washington correspondent, Kimberly Adams, speaks with Molly Dwyer, director of insights at PeakMetrics, and Lisa Fazio, associate professor of psychology at Vanderbilt University, about the false narratives surrounding the shooting and how to separate fact from fiction in the aftermath of a violent event.
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This conversation is part of \\u201cMarketplace Tech\\u2019s\\u201d limited series \\u201cDecoding Democracy.\\u201d\\xa0Watch the full episode here or on our YouTube channel.
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Pop quiz: What’s a policy supported by political rivals in California and Florida? The answer is banning cellphones in school. Florida is among a handful of states that have restricted mobile devices in the classroom. California has not, though Gov. Gavin Newsom has pushed the Legislature to act. The policies are intended to reduce distraction and mitigate addiction and other mental health concerns attributed to phone use. But Liz Kolb, a clinical professor of education at the University of Michigan, tells Marketplace’s Meghan McCarty Carino it’s not that simple.
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If you’ve been feeling hopeless about the news, the election, the economy, the climate crisis and everything else that’s going on, today’s episode is for you. Emily Amick, lawyer and co-author of \\u201cDemocracy in Retrograde: How to Make Changes Big and Small in Our Country and in Our Lives,\\u201d argues we can all become better participants in our democracy. And we don’t need to have a gazillion dollars to do it. On the show today, Amick explains why we should treat civic engagement as self-care, how to find your civic personality and ways to cultivate a news diet that doesn’t put you in a doom loop. Plus, the moment she realized our democracy was headed in the wrong direction.
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Then, we’ll get into how voters in Utah fought to protect the power of citizen-led ballot initiatives and why shoppers hide purchases from their romantic partners. Plus, an anime cosplayer was wrong about what it would take to create her own costume.
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Here’s everything we talked about today:
\\nHow are you getting involved in civic life? What helps you fend off feelings of hopelessness? Let us know at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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In recent years, we’ve seen a surge of state laws and policies affecting trans people. Half of states have banned or restricted gender affirming care for minors, with some adding restrictions for adults. The ACLU is tracking more than 500 bills that have been introduced across the country. The enforcement of such laws, as with recent bans on abortion and related reproductive care, have raised concerns about tracking people’s digital footprints. So much of daily life is conducted online, and there are currently no federal data privacy protections. KB Brookins, a writer based in Austin, Texas, wrote about a personal experience that drove home concerns about their trail of digital data.
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Sandwiched between some blockbuster Supreme Court rulings last month came a decision \\u2014 or more so, a non-decision \\u2014 that is reverberating through the tech world. NetChoice, big tech’s lobbying arm, challenged a pair of laws in Florida and Texas that sought to restrict how social media platforms moderate content. The high court kicked both cases back to lower courts with some added commentary. Marketplace’s Meghan McCarty Carino spoke with Lauren Feiner, senior policy reporter with the Verge, who wrote about what this means for future attempts to regulate tech.
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In the aftermath of the debate between President Joe Biden and former President Donald Trump, money’s been talking. Major donors to a key pro-Biden super PAC are reportedly putting donations worth $90 million on ice if Biden stays in the race. We’ll get into what the funding freeze means for the future of Biden’s campaign. Plus, guest host Sabri Ben-Achour makes us smart about cricket protein powder. And we’ll play a round of Half Full/Half Empty!
\\nHere’s everything we talked about today:
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Before you get your weekend started, send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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The internet is full of all manner of unsavoriness that is surely corroding our minds and societies. But the kind of rot we’re talking about here is link rot \\u2014 the disappearance of online content when links turn into “404 Page Not Found.” A recent study from Pew Research suggests almost 40% of all webpages that existed in 2013 are no longer accessible. That includes important government links, citations on Wikipedia and hyperlinks in news articles. Marketplace’s Lily Jamali recently talked about this with Clare Stanton, product and research manager at Harvard Law School\\u2019s Library Innovation Lab, who also works on a webpage preservation project, perma.cc.
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About a third of adults under 30 regularly get their news on TikTok, according to the Pew Research Center. And in this election season, the messages from young, left-leaning creators on the short-form video app are pretty different from last time around. In 2020, a coalition of influencers united to back presidential candidate Joe Biden’s campaign, and historically high youth turnout helped propel him to a win. But after almost four years of the Biden presidency, the TikTok tide has turned, according to Taylor Lorenz, online culture columnist at The Washington Post, who recently wrote about this shift.
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The 30-year fixed-rate mortgage is as American as apple pie. But it wasn’t always this way, and it’s putting the housing market in a tough spot lately. \\xa0A substantial amount of homeowners with low-rate mortgages are choosing to stay put in their homes rather than selling and buying a new one at higher rates. It’s created what’s known as a lock-in effect. On the show today, Andra Ghent, professor of finance at the University of Utah, explains how a 30-year fixed-rate mortgage became the norm in the United States, why it’s now putting the housing market in a bind, and how our mortgage system perpetuates inequality. Plus, could the Danish mortgage model work here?
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Then, we’ll get into why the Federal Trade Commission is eyeing pharmacy benefit managers, the third-party companies that negotiate drug prices between health insurance providers and drugmakers. And, an editor at The Points Guy shares the story of a travel lesson learned.
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We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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Big-budget video game producers and the Screen Actors Guild-American Federation of Television and Radio Artists, the union representing voice-over actors and motion-capture stunt workers, have been negotiating a new labor contract since last September. And union leaders say those talks have stalled due to concerns over generative artificial intelligence. (Note: Several Marketplace employees are also represented by SAG-AFTRA under a different contract.) Marketplace’s Lily Jamali spoke with Associated Press reporter Sarah Parvini, who recently wrote about the negotiations. She explained how consent is a key concern.
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It\\u2019s been about four years since the great remote work experiment took off for many employees who work computer-bound jobs. After plenty of back and forth between return-to-office mandates and work-from-home advocates, neither side really won. Data from the Bureau of Labor Statistics shows that the share of Americans doing some or all of their work from home has leveled off to about 35%. On the show today, The New York Times’ Emma Goldberg explains who’s working from home these days and how it’s impacting both employees and their bosses. Plus, the commercial real estate question looms large over the remote work debate.
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Then, we’ll get into why the Joe Biden administration’s new protections for workers in extreme heat could be threatened by recent Supreme Court rulings and a potential second Trump presidency. And, the CEO of GS1, the company administering retail barcodes, didn’t see the QR code takeover coming.
\\n\\nHere’s everything we talked about today:
\\nWe love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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A Supreme Court ruling today gives companies a dramatically wider window to challenge federal regulations with lawsuits. We’ll get into why this is particularly important in light of a separate decision to overturn the Chevron doctrine, and how it could impact other federal regulations like the Federal Trade Commission’s ban on noncompete clauses. Then, we’ll discuss the Supreme Court’s decision on former President Donald Trump’s immunity case and where the heck we go from here. Plus, what you can do to protect the health of our democracy.
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Here’s everything we talked about today:
\\nWe love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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The U.S. Supreme Court dealt a huge blow to the Securities and Exchange Commission today when it ruled against its use of in-house judges to enforce securities fraud laws. We’ll get into why the decision will make the SEC’s job harder and what it could mean for other federal agencies. Plus, we’ll bust a common myth about Social Security and explain why homeownership is key factor in how Americans are faring in this economy.
\\nHere’s everything we talked about today:
\\nWe love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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This week, we’ve been taking stock of how tech has both helped and harmed Americans trying to get abortions in the two years since the U.S. Supreme Court overturned Roe v. Wade. After the Dobbs decision, some experts warned consumers that menstrual tracking apps would provide a means of surveilling abortion seekers. There was even a social media campaign on what was then Twitter advising people to delete their period trackers. But it’s turned out that the threat to privacy isn’t limited to those apps. Other digital data can actually be more likely to reveal an illegal abortion. That’s according to Albert Fox Cahn, founder of the Surveillance Technology Oversight Project. He told Marketplace’s Lily Jamali that everyday consumer apps generate sensitive data that can be used for abortion surveillance.
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\\u201cHow We Survive\\u201d listener Anna wants to know: “Where should I live? Every now and then I look at maps and try to determine the safest place to live, but I don’t even know where to start when it comes to evaluating climate risks.”
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In this episode of “Burning Questions,” Amy talks with Marketplace climate reporter Samantha Fields about the practical tools buyers and renters can use to figure out where the heck it’s safe to live as the climate crisis unfolds.
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In the wake of the COVID-19 recession, many economists were describing the United States’ economic recovery as K-shaped. Basically, high-income Americans bounced back quicker than those at the lower end of the income scale. So, did we ever ditch that K shape? The person who coined the phrase “K-shaped recovery” back then, says no. On the show today, Peter Atwater, president of Financial Insyghts and adjunct professor at the College of William & Mary, explains why he believes economic inequality has grown since the pandemic recovery, why considerable wage gains for low-wage workers tell only part of the story and the risks of letting a K-shaped economy run wild.
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Then, we’ll get into how the fragility of global shipping supply chains could be playing into Federal Reserve decisions on interest rates. And, happy wedding anniversary, Susanna!
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Here’s everything we talked about today:
\\nWe love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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After the U.S. Supreme Court took away the federal right to abortion two years ago, telehealth has helped provide ongoing access, including to people in states where abortion is now banned. That was our subject Monday. Now we are looking into apps that link patients with abortion providers. Julie F. Kay, executive director at the Abortion Coalition for Telemedicine, told Marketplace’s Lily Jamali that digital privacy protections are far from equal across these services.
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Two years ago this week, the Supreme Court ruled that abortions are not constitutionally protected in the U.S., a decision that would draw protests across the country. Since then, 14 states have outlawed abortions.\\xa0Still, some people in those states have been able to cut through barriers to get abortions via telehealth, according to a recent report from the research project #WeCount. Usually, this requires a virtual visit with a telehealth care provider. The provider assesses the patient and gets their information, then can mail them mifepristone and misoprostol, which aid in ending a pregnancy. The Supreme Court preserved access to mifepristone in a ruling this month, which means it can still be prescribed and mailed to patients. Marketplace’s Lily Jamali discussed the increase in telehealth abortions with Ushma Upadhyay, professor of OB-GYN and reproductive sciences at the University of California, San Francisco, and a coauthor of the #WeCount report.
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Do you listen carefully to our credits every week? Then you might’ve heard of our “silent contributor,” Jasmine Romero, who has been editing “This Is Uncomfortable” for the past year and a half. And all along, she’s also been working on another podcast of her own,\\xa0“Sacred Scandal: Nation of Saints.” It’s a show with a lot of Uncomfortable themes \\u2014 immigration, family secrets and how money messes with politics.
\\nWe\\u2019re sharing the first episode of Jasmine\\u2019s pod, but before we jump in, she tells Reema how she reported this deeply personal story about the Salvadoran Civil War, the assassination of a beloved archbishop, and an unsolved murder in her own family. Reema and Jasmine bond over the challenges of reporting personal stories and reflect on how the show\\u2019s themes connect to current news events.
\\nIf you liked this episode, share it with a friend. And to get even more Uncomfortable, subscribe to our newsletter!
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Shortly after the Union won the Civil War in 1865, a union major general issued an order: \\u201cThe people of Texas are informed that, in accordance with a proclamation from the Executive of the United States, all slaves are free.” June 19, known as Juneteenth, has long been celebrated by African Americans. But in 2020, in the thick of the Covid-19 pandemic and the protests that followed the murder of George Floyd, Juneteenth took the internet by storm. Marketplace’s Lily Jamali spoke with Brandon Ogbunu, professor in the Department of Ecology and Evolutionary Biology at Yale, who wrote about that moment for WIRED back then. He revisited what was happening at that time a year before Juneteenth became a national holiday.
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In honor of Juneteenth, we’re bringing you an episode of a new podcast from APM Studios that’s especially relevant on this holiday. In the podcast, “What Happened in Alabama?” host Lee Hawkins unpacks his family history, confronts cycles of trauma and grapples with an issue many Black families face: how to keep land in the family.
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This episode is about Black land loss. In 1910, Black farmers collectively owned over 16 million acres of farmland. A century later, over 90% of that land is no longer owned by Black farmers. Lee explores that tumultuous history and what Black families can do to hold on to their property.
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If you\\u2019d like to hear more episodes from the series, you can find “What Happened in Alabama?” wherever you get podcasts.
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A recent survey found that almost 15% of Americans have co-bought a home with someone other than a romantic partner, and almost half said they’d consider it. This is part of a larger trend \\u2014 many Americans are choosing to structure their lives around friends as opposed to a spouse or romantic partner. On the show today, Rhaina Cohen, author of “The Other Significant Others: Reimagining Life with Friendship at the Center,” explains what it really means to build your life around friends and the financial costs and benefits that come with it. Plus, how the LGBTQ+ community has shaped the conversation around the\\xa0 issue.
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Then, we’ll unpack what baby boomers’ retirement readiness says about the wealth gap in the United States. And, the endless possibilities for crab emojis and why our intern, Thalia, was wrong about her curly hair.
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Back in 2020, Microsoft made an ambitious pledge to go carbon negative by 2030. But that plan is encountering some headwinds, according to its latest sustainability report. It showed Microsoft’s carbon emissions have increased by 30% since it made that pledge four years ago and comes a reminder of the significant environmental cost of the AI boom. Just how significant? Marketplace’s Meghan McCarty Carino asked Emma Strubell, a computer science professor at Carnegie Mellon University who co-wrote a paper about the specific energy demands for common uses of this technology.
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President Joe Biden and former President Donald Trump have been courting Latinos this election season. Relatedly, perhaps, this voting bloc has emerged as a target for disinformation. Marketplace’s Lily Jamali spoke with Marketplace senior Washington correspondent Kimberly Adams and Roberta Braga, founder and executive director of the Digital Democracy Institute of the Americas, to learn more about Spanish-language disinformation in the 2024 campaign.
\\nThis conversation is part of \\u201cMarketplace Tech\\u2019s\\u201d limited series\\xa0\\u201cDecoding Democracy.\\u201d Watch the full episode on our YouTube channel.
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It\\u2019s decision season for the U.S. Supreme Court, meaning the court is weighing in on a slew of cases dealing with a wide range of issues, including abortion medication restrictions and the power of federal agencies. One legal doctrine has become more and more influential in that decision-making: originalism. But Madiba Dennie, author of the new book “The Originalism Trap: How Extremists Stole the Constitution and How We the People Can Take It Back,” calls that a relatively recent phenomenon. On the show today, Dennie explains what originalism is, how it gained a foothold in American legal thought and why she believes its rise has eroded Americans’ rights and threatened economic stability. Plus, her idea for how we move forward.
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Then, we’ll get into the movie-worthy story of an African American man who escaped slavery and became a fierce critic of the Constitution. Plus, Patrick Schumacker, an executive producer of the TV series “Abbott Elementary,” answers the Make Me Smart question.
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What have you been wrong about lately? Let us know at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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The network of online communities known as Reddit has millions of weekly active users. They post on “subreddit” forums like r/WhatShouldICook \\u2014 a place where people just talk about their dinner plans \\u2014 and r/ShowerThoughts, where participants share what they’re thinking during routine tasks. The co-founder and CEO of Reddit, Steve Huffman, is a fan of r/Daddit, being a father himself. Marketplace’s Lily Jamali spoke with Huffman at Reddit headquarters in San Francisco, where they talked about the company selling stock and its recent licensing agreements with the likes of Google and Open AI, which use Reddit content to train their large language models.
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NASA\\u2019s Hubble Space Telescope has been exploring the cosmos for the past three decades, helping scientists understand how fast the universe is expanding and with that, its age. In December 2021, NASA launched the James Webb Space Telescope to further that research. The bonus: All those stunning images from outer space. Marketplace’s Lily Jamali spoke with Adam Riess, a physicist at Johns Hopkins University who shared the 2011 Nobel Prize in physics. He said the Webb telescope has confirmed what Hubble first pieced together: Our universe is expanding faster than first predicted.
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With the 2024 election only five months away, polls abound. But since 2016, polls have had somewhat of a bad rap, and many Americans have become skeptical of their reliability.
\\nDavid Dutwin, senior vice president of strategic initiatives at NORC at the University of Chicago, said we’re thinking about polls all wrong. On the show today, Dutwin explains what polls can and can’t tell us, how to spot a high-quality poll and what kind of role polling should play in our understanding of elections. Plus, what’s keeping pollsters up at night.
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Then, we’ll talk about how the Joe Biden administration is addressing an issue that’s top of mind, according to a new Gallup survey: immigration. And, a Half Full/Half Empty update on the job market.
\\nLater, one listener’s small-scale solution to the Big Food problem, and a divisive grammar debate. Plus, a listener was wrong about the meaning of “vibecession.”
\\nHere’s everything we talked about today:
\\nWe love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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The latest data from the Federal Reserve’s favorite inflation measure hinted that inflation is cooling. But the Fed is still on guard, meaning higher interest rates for longer than many had expected. We’ll get into how that will likely be felt differently by Americans at opposite ends of the income spectrum. Then, we’ll get into the risky return of zero-down mortgages. Plus, we’ll weigh in on Chevy Malibus and merch during a round of Half Full/Half Empty!
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In the early days of OpenAI’s ChatGPT, a chatbot query required about 10 times the electricity of a typical Google search. And as people do more with generative artificial intelligence, we’re going to burn through even more power. Plus, the ’80s are back \\u2014 on TikTok. A new dance trend is getting Gen X parents to show their Gen Z kids how they danced back in the day, to the tune of Bronski Beat’s “Smalltown Boy.” Also this week, The Wall Street Journal reported that consulting and professional services giant PricewaterhouseCoopers is now OpenAI’s largest customer and the first reseller of ChatGPT’s enterprise tier, which is aimed at businesses. Marketplace’s Lily Jamali spoke with Jewel Burks Solomon, managing partner at Collab Capital, about these headlines for this week’s Tech Bytes: Week in Review.
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Sharon Lerner has been reporting on \\u201cforever chemicals\\u201d for the better part of a decade. These manmade compounds \\u2014 known as PFAS for short \\u2014 resist oil, water and heat, take an incredibly long time to break down in nature, and have been used widely in products like Scotchgard, Teflon and firefighting foam. Lerner has focused part of her work on understanding the flow of information inside manufacturers like 3M. By the 1970s, Lerner says, Minnesota-based 3M had established that they were toxic in animals and were accumulating in humans\\u2019 bodies. But who inside 3M knew? And what did they know? Reporting for ProPublica, a nonprofit investigative news site, Lerner got a complicated answer after coming across a former 3M scientist named Kris Hansen. Marketplace’s Lily Jamali spoke with Lerner about her recent investigation.
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Today we’re talking about food. Specifically, Big Food. In his book, \\u201cBarons: Money, Power, and the Corruption of America\\u2019s Food Industry,\\u201d Austin Frerick, agricultural and antitrust policy fellow at Yale, argues the food system is the most consolidated sector in the United States. On the show today, Frerick explains how the American food system became so concentrated, how that’s inflated prices and eroded quality, and what we should do about it. Plus, Walmart’s role as king of grocery kings.
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Then, we’ll get into why Boeing can’t keep up with SpaceX.\\xa0And, an expert on youth mental health (and former guest on “Make Me Smart”) was wrong about how teens curate their social media feeds.
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After Israel threatened to cut ties between Israeli and Palestinian banks, Treasury Secretary Yellen warned it could worsen the humanitarian crisis in Gaza and create economic instability in the West Bank. We’ll also explain one reason why U.S. military spending is so high, get updates on the AI economy’s hot shot, Nvidia, and the U.S. government’s battle against Big Ticket.
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The internet today is largely governed by 26 words in the Communications Decency Act, signed on Feb. 8, 1996, by then-President Bill Clinton. “Today, with the stroke of a pen, our laws will catch up with our future,” he proclaimed during the signing of the act. The web has changed a bit since then. But Section 230 of that law has not. Today, social media companies routinely use Section 230 to protect themselves from liability over what users post. Now, an internet scholar wants to change that. Will Oremus wrote about him for The Washington Post.
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Over the last 50 years, an ideology known as neoliberalism has transformed the American economy \\u2014 for better or worse. The concept is often associated with Ronald Reagan, free markets and deregulation. But legal scholar Mehrsa Baradaran says there’s a lot we get wrong about the origins of neoliberalism and its true impact on society. On the show today, Baradaran, author of the new book “The Quiet Coup: Neoliberalism and the Looting of America,” explains what neoliberal ideology promised to do for the American economy, what it actually did and why she believes that looking to the free market might, ironically, be the only way forward.
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Then, why actress Scarlett Johansson isn’t cool with OpenAI’s new chatbot. And we’ll hear the sounds of cicadas!
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If you drive 45 miles north of Little Rock, Arkansas, you’ll come across a facility packed with thousands of computers trying to “mine” the next bitcoin. The popular cryptocurrency’s value recently shot past $60,000 per bitcoin. Mining those bitcoins is a lucrative operation, and several crypto mining outfits have moved to the state since the passage of the Arkansas Data Centers Act last year, also known as the “right-to-mine” bill. Similar bills giving crypto mining operations protections from local regulations have popped up a couple of states. But it turns out residents don’t particularly welcome many of these operations. And Arkansas recently changed course and restored to municipalities the ability to regulate crypto miners. Marketplace’s Lily Jamali recently spoke with Gabriel Dance, senior deputy investigations editor at The New York Times, about the crypto mining situation in Arkansas. He explained what the biggest complaints have been since these mining operations moved in.
\\nIt\\u2019s your last chance to double your impact during our May fundraiser \\u2014 the Investors Challenge Fund is matching donations up to $25,000 today! Give right now!
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Prices have been rising for pretty much everything these days. And for some, it’s raising the cost of making friends as more folks turn to paid activities like art classes and happy hours to socialize. We’ll get into it. And, we’ll explain the latest scandal that’s left the Supreme Court in a bind. Plus, we’ll weigh in on Chuck E. Cheese animatronics and bridesmaid debt during a round of Half Full/Half Empty!
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The whole digital economy runs through hundreds of thousands of miles of communication cables no bigger than a garden hose, deep on the ocean floor. So what happens when they break? And they do break, about once every other day, thanks to fishing trawlers or natural disasters. That’s when you call a repair crew of engineers, geologists, marine construction specialists and more who often spend months at sea repairing cables. This vital industry is largely invisible and facing some big challenges. Marketplace’s Meghan McCarty Carino spoke with Josh Dzieza, feature writer and investigations editor at The Verge, who did a deep dive into the industry and those challenges.
\\nMarketplace is currently tracking behind target for this budget year \\u2014 that means listeners like you can make a critical difference by investing in our journalism today.
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This week, media executives have been busy trying to impress advertisers at the annual “upfronts,” where major TV networks showcase their stars, new programs and the potential size of their audiences. It’s a show in its own right. “Tonight Show” host Jimmy Fallon did his version of Beyonce’s “Texas Hold ‘Em” at NBC\\u2019s upfront Monday. But this year, Big Tech is looking to cash in. Marketplace’s Lily Jamali spoke about it with Reuters reporter Sheila Dang, who said ad spending on digital has surpassed that of traditional TV for the first time.
\\nThe next $50,000 in donations to Marketplace will be matched, thanks to a generous gift from Dr. Joe Rush of Florida. Give now and double your impact.
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A couple of weeks ago, Marketplace’s China correspondent Jennifer Pak noticed a video deepfake of the Hollywood actor Chris Evans on social media. The AI-generated Evans explains in Chinese how money is at the root of life’s problems. It’s part of a recent trend on mainland China, where deepfakes of foreigners give advice, discuss politics and sell goods online. Marketplace’s Lily Jamali spoke with Pak about what’s behind the trend and later, the state of online misinformation in China.
\\nThis conversation was part of \\u201cMarketplace Tech\\u2019s\\u201d limited series,\\xa0\\u201cDecoding Democracy.\\u201d\\xa0Watch the full episode here or on our YouTube channel.
\\nThe next $50,000 in donations to Marketplace will be matched, thanks to a generous gift from Dr. Joe Rush of Florida. Give now and double your impact.
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Early in the pandemic, many big tech companies based in Silicon Valley exited California, fleeing the high overhead necessary to do business there. One city \\u2014 Austin, Texas \\u2014 was consistently tagged as the top destination. The Texas capital offered lower costs, especially in regard to housing and taxes. Another draw for companies: the state’s more lax approach to regulation. Well, after a massive influx, the “Texas miracle,” with Austin at its epicenter, is losing some of its luster. In recent weeks, Tesla, which moved its headquarters from Silicon Valley to Austin in 2020, announced it\\u2019s laying off 2,700 workers there. And software giant Oracle, which relocated to Austin at about the same time, is moving its headquarters again, this time to Nashville, Tennessee. Last week, at the Milken Institute Global Conference in Los Angeles, Marketplace’s Lily Jamali asked Austin Mayor Kirk Watson about the state of tech in his city.
\\nThe next $50,000 in donations to Marketplace will be matched, thanks to a generous gift from Dr. Joe Rush of Florida. Give now and double your impact.
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The latest survey data from the University of Michigan shows consumer sentiment in the U.S. is at a six-month low. We’ll unpack the numbers and get into what they can and can’t tell us about what’s really going on in the economy. And, a plan to split up U.S. Cellular between T-Mobile and Verizon is in the works. It’s part of a larger fiasco brewing at the Federal Communications Commission. Plus, we’ll play a round of Half Full / Half Empty!
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\\nPlus, support our nonprofit newsroom today and pick up a fun thank-you gift like our new Shrinkflation mini tote bag or the fan favorite KaiPA pint glass!
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Joint fundraising committees allow aligned political campaigns to raise more money faster. We’ll break down how these operations work and how they’re affecting the cost of elections. Then, guest host Sabri Ben-Achour explains why China’s electric vehicle industry may not be at “overcapacity,” as U.S. and European officials have argued. Plus, artists’ fears summed up in one controversial iPad Pro commercial.
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Increasingly popular buy now, pay later services allow shoppers to split their purchases into smaller, recurring payments. We’ll get into why these loans are blurring economists’ understanding of today’s consumer debt landscape. We’ll also discuss President Joe Biden’s climate and infrastructure spending spree, and the knock-on effects of parents dying from drug overdoses. Plus, singer Tyla’s sandy Met Gala look, and forgotten 100-year-old love letters make us smile.
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Then, we’ll check-in on the youths. And, Mallory Lewis and Lamb Chop, the puppet, answer the Make Me Smart question. Plus, a tribute to Jasper.
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Back in the pandemic depths of December 2020, when so many Americans were working, learning and performing essential daily tasks online, the Federal Communications Commission launched an emergency program to help low-income people connect to high-speed internet with a $50-per-month subsidy. That was extended with the Affordable Connectivity Program, which has provided $30 a month for internet service. An estimated 23 million households currently get the subsidy. But they won’t for much longer. Efforts to renew funding for the ACP have stalled in Congress and are expected to run out by the end of the month. Marketplace\\u2019s Meghan McCarty Carino spoke to Kelcee Griffis of Tech Brew about her reporting on the ACP and the people who rely on it.
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Southern European economies, including Greece, are growing faster than some of Europe’s longtime powerhouses, like Germany. We’ll get into how Greece pulled off an economic turnaround after the devastating 2012 financial crisis. And, Halle Berry’s shouts from the steps of the Capitol are calling attention to the need for more menopause research. Plus, we’ll play a round of Half Full / Half Empty!
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Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We\\u2019ll have news, drinks and play a round of Half Full/Half Empty.
\\nIt’s time to rewind and revisit some of the big business stories of the week. First up, stagflation. Federal Reserve Chair Jay Powell isn’t seeing signs of it, and neither is Kai Ryssdal. We’ll explain why. Plus, what Walmart’s decision to shut down all of its health clinics says about the U.S. health care system. Also, we’ll break down the latest efforts to restructure the American economy through the CHIPS Act. And, a singer’s plea to protect artists from AI-generated deepfakes.
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Just how capable is today’s artificial intelligence at beating humans at their own games? That’s one of the metrics tracked by an annual report put together by the Stanford Institute for Human-Centered AI, or HAI. And its latest AI Index report finds the tech is quickly gaining on humans. According to the report, AI now exceeds human capability not only in areas like simple reading comprehension and image classification, but also in domains that start to approach human logic, like natural language inference (the ability to draw inferences from text) or visual reasoning (the ability to deduce physical relationships between visual objects). Still, there are areas where the bots haven’t quite caught up. Marketplace’s Meghan McCarty Carino spoke with Nestor Maslej, research manager at HAI and editor in chief of the index report, to learn more.
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Today we’re talking about the trade deficit at the request of some of our curious listeners. Since the mid-’70s, the U.S. has persistently been importing more goods than it exports. Is that such a bad thing? We’ll hear from Eswar Prasad, professor of trade policy at Cornell University and a senior fellow at the Brookings Institution, about why the U.S. has a trade deficit, whether it’s a good or bad thing, and why a country’s overall trade deficit matters more than deficits with specific countries.
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A massive general election is currently underway in India. It’s been described as the \\u201clargest democratic exercise in history.\\u201d And tech platforms are a big part of it. Many Indian voters get their information online, where misinformation and disinformation can spread quickly. That includes deepfakes of prominent public figures, like Bollywood actor Aamir Khan, spreading false information about who or which political parties they are endorsing. Marketplace’s Lily Jamali spoke with Raman Jit Singh Chima, Asia Pacific policy director and senior international counsel with the international human rights group Access Now, about how deepfakes and online misinformation have become a problem for voters in India. They also discuss a recent report from Access Now and Global Witness, an environmental and human rights nonprofit, about YouTube’s advertisement moderation standards in India.
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Robotics company Boston Dynamics announced this month it is retiring its humanoid robot known as “Atlas.” The 6′, 2,330 lb robot was considered a quantum leap in robotics and was famous for parkour stunts and awkward dance moves. Debuting more than a decade ago in 2013, the Atlas robot was a part of a partnership with the Defense Department. It relied on hydraulic power, using pressurized fluid to generate movement. It could do tasks that can be challenging for humans like lifting heavy boxes and parkour. As the older Atlas lives out its golden years, Boston Dynamics has announced its successor – a smaller version of the Atlas bot that runs on electric power. Marketplace’s Lily Jamali spoke with Brian Heater, hardware editor at TechCrunch, for his take on what’s next and a look back on the original Atlas.
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Protests over Israel’s war in Gaza have erupted at universities across the United States. We’ll discuss what the sweeping protests and other high-profile political battles at colleges could mean for the economics of higher education. And, what the Federal Reserve might look like under a second Donald Trump presidency. Plus, we’ll play a round of Half Full / Half Empty!
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Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We\\u2019ll have news, drinks and play a round of Half Full/Half Empty.
\\nIt was a big week for tech earnings calls. Guest host Nova Safo unpacks how they went down for Tesla and Meta, and why the stock market reacted so differently to what their CEOs had to say. Plus, what Boeing’s troubles say about the state of U.S. manufacturing. And, would you try an AI-generated gin cocktail?
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When Jeff Bezos left Wall Street to start Amazon in 1994, the most common question he got was “What’s the internet?” Fast-forward to today, and Amazon is, of course, the country’s leading online retailer, as well as cloud services provider. In 2022, the company controlled almost 38% of the U.S. e-commerce market. Walmart, its closest competitor, had just over 6%, according to Insider Intelligence. In her new book, “The Everything War,” The Wall Street Journal’s Dana Mattioli documents the tactics she says have enabled Amazon to dominate.
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Several American dollar store chains have been down bad these days. Dollar Tree, Family Dollar and 99 Cents Only have all recently announced store closures. On the other hand, Dollar General is poised to expand. This has us wondering: What’s going on with the dollar store business model? Has today’s inflationary economy broken it? On the show today, Sandro Steinbach, professor of agribusiness and applied economics at North Dakota State University, explains the economics behind dollar stores, how they keep prices so low, and the impact they have on different communities.
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Artificial intelligence has become a big part of medicine \\u2014 reading images, formulating treatment plans and developing drugs. But a recent investigation by Stat News found that some insurers overrely on an algorithm to make coverage decisions for seniors on Medicare Advantage, a Medicare plan offered by private insurers. Marketplace’s Meghan McCarty Carino spoke with Casey Ross, who co-reported the story. He said an algorithm predicted how long patients needed care and coverage was curtailed to fit that calculation.
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The Joe Biden administration announced highly anticipated updates to Title IX. The new rule expands protections for LGBTQ+ students and sexual assault survivors. But it stops short of addressing the rights of trans athletes. Then, we’ll get into the outrageous hoops rich people jump through to get out of paying state taxes. Plus, we’ll weigh in on swapping seats on airplanes and more in a round of Half Full/Half Empty!
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When you think about gin, what tastes comes to mind? Pine? Maybe citrus or coriander? It can vary quite a bit because unlike some spirits, gin is very lightly regulated. Distillers can throw in all kinds of flavors and call the result “gin” as long it has some minimum requirements. In the U.S., gin is gin as long as the flavor is derived from juniper berries and alcohol by volume is at least 40%. In the European Union, the minimum ABV is 37.5%. But researchers in Edinburgh, Scotland, recently identified the exact elements that define gin using nuclear magnetic resonance spectroscropy. Think of it as something like an MRI scan that lets scientists create a flavor “fingerprint.” The new technique could have big implications for this very old industry.\\xa0Marketplace’s Lily Jamali spoke with Eve Thomas, who wrote about it for Wired, to learn more.
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Then, we’ll get into the cost of a major ransomware attack for a health care company and its clients. And, the mini pencil economy and what a history professor got wrong about ancient Rome.
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President Joe Biden won Arizona in 2020 by a razor-thin margin, flipping the state blue for the first time in more than 20 years. As a result, Arizona became a hotbed of election misinformation and conspiracy theories, as false claims of a stolen election led to protests outside voting centers, a GOP-backed ballot audit and threats against election workers. Now, with just over 200 days until the 2024 election, experts warn that artificial intelligence could supercharge misinformation and disinformation in this year’s race. So how are election officials in a state that has already been in the trenches preparing for another battle over facts? In this episode of “Marketplace Tech\\u2019s” limited series, “Decoding Democracy,” Lily Jamali and Kimberly Adams look back at what happened in Arizona during the last presidential election and how the state became entangled in conspiracy theories. Plus, we hear from Arizona Secretary of State Adrian Fontes about how his office plans to combat AI-charged misinformation this year.
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It’s Tax Day! Millions of Americans have already filed their 2023 returns, but today we’re talking about tax protesters and the moral and ethical reasons some refuse to file their taxes or pay what they owe. Plus, the “no landing” scenario has entered the chat. And, what are we getting wrong about the cosmos?
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The programming language known as COBOL turns 65 this year. We couldn\\u2019t help noticing that\\u2019s right around retirement age, but COBOL is nowhere near retirement. It remains a mainstay of IT operations at U.S. government agencies, businesses and financial institutions. Yet the programming language, which is older than the Beatles, is no longer taught at most universities. Glenn Fleishman is a freelance tech journalist who has written about this aging slab of digital infrastructure. Marketplace\\u2019s Lily Jamali asked him whether our continuing reliance on COBOL is a problem.
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It\\u2019s hard to get around without a car these days. But in the last couple of years, owning one has become very expensive. We\\u2019ll explain the deceptive practices happening in the auto lending market. And, we’ll explain how Rep. Alexandria Ocasio-Cortez’s power in the Democratic Party was demonstrated by a campaign contribution. Plus, we’ll play a round of Half Full/Half Empty and weigh in on “dumbphones” and adult gap years.
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The Labor Department this week confirmed what a lot of Americans have been feeling: Inflation is kind of sticking around, and higher interest rates are likely to as well. We’ll look at what that means for venture capital, which was already slow to flow. Plus, the Joe Biden administration announced a $6.6 billion deal with Taiwan-based semiconductor maker TSMC to build a third production hub in Arizona. We take a look at the ongoing rollout of the CHIPS and Science Act, which makes it all possible. But first, Tesla has settled a lawsuit in the death of a software engineer who was killed driving a Tesla while using the company’s semiautonomous driving software, Autopilot. The suit put scrutiny on Elon Musk’s claims about the software.
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Today, we’re discussing the bond market’s big reaction to the latest inflation news and why you shouldn’t worry about it. Plus, a new Boeing whistleblower comes forward, and Beyonc\\xe9 calls out the home insurance industry.
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There’s a lot of buzz about a slowdown in the electric vehicle market. EV sales, while still growing, are not accelerating at the pace of just a few years ago. At the same time, EV makers from Tesla to General Motors and Ford are pushing back EV plans. So, what gives? On the show today, Robinson Meyer of Heatmap explains what’s really happening with the U.S. EV market, what it’s going to take to rev it back up, competition from China and whether moves by the Biden administration will be enough to help domestic EV producers pull ahead.
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Then, can robots make the meatpacking industry safer? Plus, in celebration of Monday’s solar eclipse, a planetary scientist answers the Make Me Smart question.
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The Biden administration is in a mad dash to address student debt relief ahead of the presidential election. A new plan could benefit tens of millions of Americans. We’ll explain. Plus, a Kai rant about a CEO who gets too much attention. And, there seems to be a market for everything! We’ll tell you about a new fad involving kids and mini pencils.
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It’s been six months of war in the Gaza Strip since Hamas attacked Israel on Oct. 7. The destruction and death have been profound, and nearly every aspect of life in the roughly 140-square-mile territory has been upended. The New York Times recently reported that the Israeli military is using facial recognition artificial intelligence to monitor Palestinians in Gaza. The government hasn’t publicly acknowledged it, but reporter Sheera Frenkel spoke to Israeli intelligence officers, military officials and soldiers who confirmed that the technology was being used for mass surveillance. Marketplace’s Meghan McCarty Carino spoke with Frenkel about facial recognition’s role in the conflict, starting with the story of a Palestinian poet, Mosab Abu Toha, who reportedly was arrested and beaten by Israeli forces.
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Today, we’re talking earthquakes! First, our East Coast-based hosts react to the shaking on their side of the country. Then, we’ll examine how earthquake preparedness in Taiwan saved lives and prevented a big problem for the global tech economy. Later, we’ll weigh in on restoring blue check marks on X, New York earthquake memes and solar eclipse tourism in a round of Half Full/Half Empty!
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Fake obituaries have become an online trend. They exploit tragedy for profit and have raised concerns about the reliability of search engines. Marketplace\\u2019s Lily Jamali discussed the problem with reporter Mia Sato of The Verge. Her investigation uncovered a network of websites generating this content using search engine optimization, or SEO, tactics. Sato also covered the story of Brian Vastag, a journalist who experienced this abuse when he read his own fake obituary along with that of his ex-wife, who did actually pass away.
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General Electric is breaking up! The megacorporation is splintering off into three separate companies. We’ll get into what that means for one of America’s biggest industrial conglomerates. Also, guest host Amy Scott joins us to discuss the dangers of humanitarian work in times of war. And dynamic pricing is coming for checked luggage. We’ll get smart (and angry!) about airline baggage fees.
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It’s spring break for a lot of you. So, today we’re taking you on a little road trip (sort of) to the Southwest. Water is running really low there. As part of the latest season of “How We Survive,” Marketplace’s climate solutions podcast, host Amy Scott traveled across the region to dig into the water tech solutions that are helping communities adapt. So buckle up and get ready to get smart about the water crisis in the West.
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Hey Million Bazillionaires! Get ready for another season of “Million Bazillion” coming to your feeds April 9.
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This season, Bridget and Ryan will be answering your questions about labor unions, the different ways to pay for college, bankruptcy, the gold at Fort Knox and so much more. They’ll be getting up to hijinks in factories, consorting with magical beings, and even \\u2026 consulting experts!
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Don\\u2019t forget to sign up for the \\u201cMillion Bazillion\\u201d newsletter so you never miss an episode and get access to episode extras, including conversation starters for grownups and kids.
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We\\u2019ll be making dollars make more sense every Tuesday starting April 9.\\xa0Listen to a sneak peek above,\\xa0get caught up\\xa0on any episodes you may have missed and subscribe wherever you listen to podcasts!
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Starting today, many fast-food workers in California will be paid $20 an hour under a new minimum-wage law. It’s time for a Kimberly rant! We’ll get into the subsidization of low-wage work, the reals costs behind all the stuff we buy \\u2014 from burgers to clothes \\u2014 and who’s picking up the tab. Plus, guest host Reema Khrais reminisces about the early years of Google as the company celebrates 20 years of Gmail.
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Carmakers are keeping a close eye on the steel industry. A bidding war over U.S. Steel, an iconic American manufacturer, is brewing, and car companies are concerned about antitrust issues and what that could mean for the auto business. We’ll get into it and explain our new theory about why the economy feels so precarious at the moment. Plus, we’ll weigh in on side hustles, raising the retirement age and Beyonce’s rendition of Dolly Parton’s “Jolene” in a round of Half Full/Half Empty!
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Even though the economy is going strong, many Americans are still pessimistic about it. We’ll get into how feelings and beliefs about the economy are playing into the 2024 presidential election. Plus, guest host Matt Levin joins us to discuss the latest AI news, including a new state law \\u2014\\xa0known as the ELVIS Act \\u2014\\xa0focused on protecting artists’ voices. And he’ll explain why he has the song “Barbie Girl” (Johnny Cash’s version) stuck in his head.
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In corporate America, struggling companies often pull a classic move: They promote women to lead them through a crisis. Boeing did just that. We\\u2019ll talk about the new boss at Boeing and how the “glass cliff” phenomenon impacts women and people of color moving up the corporate ladder. Also in this episode, a Kai rant about Truth Social and the greater fool theory, why dogs might be even smarter than we think, and is “bazoodaful” a new Kai word?
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Today we\\u2019re talking about a key voting bloc in this year’s elections: white evangelical Christian voters. In 2016 and 2020, they helped Donald Trump rise to power. NPR’s Sarah McCammon, author of “Exvangelicals,” discusses why evangelicals continue to back Trump, her personal journey leaving evangelicalism and the economic systems built around the evangelical movement.
\\nWe’ll also talk about the Maryland bridge collapse and the state of U.S. infrastructure. Plus, Neil King Jr., author of the memoir “American Ramble,” answers the Make Me Smart question.
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This week, the Supreme Court will hear its first major abortion case since the Dobbs decision. We’ll get into how the use of abortion pills has changed post-Roe and the possible revival of a 150-year-old anti-obscenity law. Plus, an update on the efforts to limit judge shopping. And, the story of a woman who completed an extreme running race.
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Crypto is once again big in the Philippines. It first took off during COVID-19 lockdowns in 2021 with a now-defunct video game called Axie Infinity, where players earned money \\u2014 often more than minimum wage \\u2014 through non-fungible tokens, or NFTs. Of course, the crypto winter soon followed with the implosion of FTX in 2022, but now crypto is back in a big way on the island nation. Marketplace’s Meghan McCarty Carino spoke with reporter Eli Tan, who recently visited and wrote about the scene for The New York Times.
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Since the Congressional Budget Office last released its long-term outlook for the federal deficit and strength of the U.S. economy, things have become a teeny bit better. Why? The CBO points to increased immigration and last year’s spending deal struck between Congress and President Joe Biden. And, we’ll get into the looming commercial real-estate reckoning. Plus, we’ll weigh in on tote bags, Free Blockbuster libraries and more in a round of Half Full/Half Empty!
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Congress is once again in a race against the clock to pass a gargantuan federal spending bill to keep the government up and running past Saturday. We’ll get into it. And, the Joe Biden administration made a groundbreaking investment in Intel’s chip manufacturing business in an effort to spur the domestic semiconductor industry. Plus, Nvidia’s next generation AI chips and Caitlin Clark’s place in the booming world of women’s sports.
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Our happiness is slipping. According to Gallup, the U.S. has dropped out of the cohort of 20 happiest countries. What gives? Guest host Matt Levin joins Kimberly Adams to discuss some of the possible economic explanations. Plus, the Joe Biden administration’s efforts to expand women’s health research, and menopause might need more looking into. And, our growing obsession with houseplants.
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Today, we’re bringing you a special series from “Marketplace Morning Report” that explores how communities are impacted by the absence of local news coverage, especially in a big election year. As part of the “Democracy in the Desert” series, host David Brancaccio travels to “news deserts” in Texas, North Carolina and Virginia to learn how various business models are struggling to inform voters, and where newspaper economics went wrong.
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Five months into the Israel-Hamas war, the United Nations is warning of “imminent famine” in northern Gaza. Guest host Samantha Fields discusses the challenge of getting food aid delivered to the region. Plus, the nation’s largest employer is considering pay transparency laws. Then, we’ll smile about cherry blossoms and the upcoming solar eclipse.
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On today’s edition of Economics on Tap, we’ll get into some news while celebrating cherry blossom season in Washington, D.C. The National Association of Realtors agreed to settle a slew of lawsuits and change its rules on commissions. We’ll discuss how the fallout could impact the way we buy and sell homes in the United States. And, an usual political money phenomenon is the hot new thing in political strategy. Plus, we’ll play a blossom-themed round of This or That!
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Reddit, a somewhat untamed fixture of the internet, is launching an initial public offering of its shares. We’ll get into why the company’s culture could become an obstacle to profitability and whether Reddit might get the meme stock treatment its users famously dished out in the past. And, the TikTok creators who’d be most affected by a nationwide ban are the social media company’s greatest lobbyists. Plus, the impact Family Dollar store closures could have on food deserts and an incredible feat by American sailor Cole Brauer.
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Today, the House of Representatives passed a bill that could ban TikTok in the U.S. We’ll weigh the national security risks behind the app and its growing impact on American culture. Plus, how bitcoin bounced back, a crackdown on judge shopping (yes, that’s a thing) and why we’re glad our podcast isn’t owned by a billionaire!
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Boycotts have been making headlines lately, from the movement to boycott Israel over the war in Gaza, which has hit companies like Starbucks and McDonald’s, to a new right-wing boycott of Doritos over the brand’s decision to partner with a trans influencer. Consumer boycott campaigns are frequently tossed around in the news cycle. But do they really make a difference in the long run? On the show today, Brayden King at the Kellogg School of Management explains why boycotts don’t usually affect a company’s bottom line, where boycotts actually do make an impact and how social media has changed the way these campaigns work. Plus, the difference between boycotts and buycotts.
\\nThen, a reminder that inflation’s ride down is a bumpy one. And, this week’s answer to the Make Me Smart question comes from Jasmine Harris, author of “Black Women, Ivory Tower.”
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New data shows Black and Latino voters are shifting away from the Democratic Party and toward the GOP. But is this shift real? We’ll get into it and discuss the possible economic forces at play. Plus, what you really need to know about President Joe Biden’s budget proposal. And, the similarities between humans and bumblebees!
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Almost one in five lawyers are using AI, according to an American Bar Association survey. But there are a growing number of legal horror stories involving tools like ChatGPT, because chatbots have a tendency to make stuff up \\u2014 such as legal precedents from cases that never happened. Marketplace’s Meghan McCarty Carino spoke with Daniel Ho at Stanford’s Institute for Human-Centered Artificial Intelligence about the group’s recent study on how frequently three of the most popular language models from ChatGPT, Meta and Google hallucinate when asked to weigh in or assist with legal cases.
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Apple has abandoned its effort to make an autonomous electric vehicle. We’ll get into why the company’s venture flopped and what it says about the supply chain for electric vehicle parts. Then, we’ll explain how a Texas federal judge’s ruling is upending race-based aid for businesses. And, guest host Sabri Ben-Achour tells us how he created a flower. Plus, we’ll play a round of Half Full/Half Empty!
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Federal Reserve Chair Jerome Powell took a trip to Capitol Hill this week to testify about the health of the U.S. economy. We’ll get into the TL;DR of Powell’s testimony and why he doesn\\u2019t foresee a recession around the corner. And, we\\u2019ll talk about how political campaigns are spending on advertising these days. Plus, the latest regional banking woes and what rapidly advancing deepfakes could do to this year’s elections.
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Get ready for Economics on Tap and\\xa0subscribe to our newsletter to get a copy of our new cocktails zine. The\\xa0YouTube livestream\\xa0starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.
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It’s Super Tuesday, and we’re talking about something that’s on the ballot in many nations around the world: populism. Right-wing populist movements have been gaining popularity in democracies like Hungary, Italy, India and the United States, to name a few. On the show today, sociologist Bart Bonikowski breaks down what populism is, how it shows up on the left and right, why right-wing populism seems to be catching foothold in so many countries and the economic factors at play. Plus, why this year could be a test for global democracy.
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Then, the reason you may be having trouble getting your prescription drugs lately. And, we’ll hear from our listeners about their favorite anime series.
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Audio deepfakes have become shockingly convincing in the last few years. A deepfake robocall impersonating President Joe Biden encouraging voters to stay home for the New Hampshire primary was one recent example of how far the technology has advanced. That’s why “Marketplace Tech” is launching a limited series called “Decoding Democracy.” Marketplace’s Lily Jamali will be joined by other Marketplace reporters, experts and researchers to discuss what election mis- and disinformation is out there, how to spot it and how it impacts our democracy. In this first episode of \\u201cDecoding Democracy,\\u201d Marketplace senior correspondent Kimberly Adams joins Jamali to delve into the latest on audio deepfake technology and how to protect yourself from being fooled by one.
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Elon Musk is suing OpenAI and its CEO, Sam Altman, saying the artificial intelligence company abandoned its founding mission to prioritize the benefit of humanity over profit. Is this just a bunch of industry drama, or could it be a real turning point in the development of generative AI? And, how the cultural conversation around shoplifting has played out at one CVS store. Plus, we’ll play a round of Half Full/Half Empty, and Kimberly shares a hair-raising leech story.
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Here’s everything we talked about today:
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Get ready for Economics on Tap and subscribe to our newsletter to get a copy of our new cocktails zine. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.
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“DRE” is the acronym in election-speak. It stands for direct-recording electronic voting machines … the kind that record votes directly into a computer’s memory, often with no paper trail. In an effort to boost security and ensure more reliable counting of ballots across the country, officials have been replacing them with voting machines that produce a paper backup. And there has been noticeable progress on this front. According to a recent report from the nonprofit organization Verified Voting and the Brennan Center for Justice, in 2016 about 22% of registered voters were in jurisdictions that used DREs. By 2020, that figure had fallen to 9% and could drop considerably further this year. Marketplace’s Lily Jamali spoke with Megan Maier, co-author of the Verified Voting report, about replacing what’s left of these outdated machines and bringing that number down to zero.
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Mitch McConnell announced he’s stepping down as leader of Senate Republicans this year. The longest-serving Senate leader revealed the decision amid ongoing negotiations over Ukraine funding and a looming government shutdown. We’ll look back on his historic tenure. Plus, why some corporations should learn to read the room. And, the legacy of “Soul Train,” the iconic TV dance show. Here\\u2019s everything we talked about today:
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Anime seems to be just about everywhere these days: film,\\xa0music videos, the NFL and big streaming services like Netflix and Hulu.
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“Anime is colossal. In terms of raw revenue, anime and the NLF are tied at about $20 billion in [annual global] revenue,” said Chris Plante, editor in chief and co-founder of Polygon at Vox Media. “When you think of anime, it can be seen as niche, but the reality is that couldn’t be further from the truth.”
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On the show today, Plante explains anime economics, what\\u2019s behind the rise of anime in the United States and some of the problematic aspects of the medium.
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Later, we\\u2019ll discuss how climate change is impacting cherry blossom season and why the commercial real estate crisis could be a big problem for regional banks.
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Later, one listener calls in on a landline about landlines. And, this week\\u2019s answer to the Make Me Smart question comes from a digital illustrator based in Long Beach, California.
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The race to coin new words and phrases is on \\u2014 on TikTok. They range from “first time cool syndrome,” to “the weekend effect,” and “dinner and couch” friend. Keeping track of all this can feel like a wild goose chase, to use an expression credited to William Shakespeare, who introduced countless words and phrases to the English language. But unlike the Bard’s phrases, TikTok slang doesn’t seem to have much staying power. Marketplace’s Lily Jamali spoke with Rebecca Jennings, senior correspondent for Vox, on the TikTok “trendbait,” as she calls it \\u2014 terms invented by content creators who seem like they’re trying a little too hard \\u2014 and what’s driving it all.
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Next month, Congress has a jam-packed to-do list, including funding the government, the ongoing impeachment proceedings of the Homeland Security secretary and high-stakes congressional primaries. We’ll explain all the reasons March is about to be a doozy in Washington. Plus, the work and money behind TikTok\\u2019s viral trick-shot videos. And the inspiration behind the theme music for Nintendo’s Super Mario Bros.
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It’s been two years since Russia invaded Ukraine, and the U.S. is imposing new sanctions on Russia in an attempt to weaken the Kremlin. But sanctions aren’t proving to be all that effective. We’ll get into some research weighing how well government sanctions work compared to consumer-driven boycotts. And, Instagram is a popular news destination, whether the social media operation likes it or not. Plus, we’ll play a round of Half Full / Half Empty!
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Nvidia’s fourth quarter results blew past analysts’ expectations with a revenue of $22.1 billion. We’ll get into what sizzling hot demand for the chip maker’s products says about the larger generative AI boom. And, we’ll discuss the threat AI-generated misinformation poses to the 2024 election, and what states are doing to combat it. Plus, experiencing sticker shock at the grocery store lately? Kellogg suggests trying cereal for dinner.
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Join us tomorrow for Economics on Tap! The\\xa0YouTube livestream\\xa0starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We\\u2019ll have news, drinks, a game and more.
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Most of the cargo cranes at U.S. ports are made in China, and they could be spying. The Biden administration announced a plan to spend billions of dollars to replace and manufacture the equipment domestically over national security concerns. We’ll explain. Plus, how an Alabama court ruling on embryos may affect fertility treatments in a post-Roe world. And, the story of a man, an astronaut and a homemade antenna.
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After former President Trump’s recent digs at NATO, officials at a global security conference in Munich over the weekend weighed what European countries would do if Trump were re-elected and abandoned the United States’ treaty commitments. On the show today, Kathleen McInnis, senior fellow at the Center for Strategic and International Studies, discusses the history and future of NATO and why it matters to the global economy. We’ll also share our takeaways from Fani Willis’ testimony.\\xa0Plus, a former NASA astronaut was wrong about what we (earthlings) gain from going to space.
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As consumers, we’ve all been subjected to the “upsell,” or pressure to pay a little more for a product that’s slightly better. It’s one thing if you’re buying, say, a car or a piece of clothing. The ethical questions get a lot more complicated in health care. Some providers have started integrating artificial intelligence in diagnostic procedures, including screenings for breast cancer. The tools may be available for an additional cost, and questions about their accuracy have been raised. Marketplace’s Lily Jamali spoke with Meredith Broussard, a journalism professor at New York University, about integrating AI into mammograms and her personal experience grappling with the tech.
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Russian opposition leader Alexei Navalny, a fierce critic of Vladimir Putin, has died in a Russian penal colony. We’ll reflect on Navalny’s impact and what it means to push back against the slow creep of political change. Plus, more evidence that plastic recycling is a myth pushed by the plastics industry. And, we’ll weigh in on the romance novel revival and landline phones in a round of Half Full/Half Empty!
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Joe Biden\\u2019s re-election campaign launched a meme-heavy TikTok account in an effort to reach young voters. But considering national security concerns related to the platform, will the move pay off? We’ll get into it. Plus, strikes by Uber and Lyft drivers across the country are once again highlighting the distinction between contractors and employees. And, we’ll get into Bitcoin’s rebound and Beyonc\\xe9’s venture into country music.
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Join us tomorrow for Economics on Tap! The\\xa0YouTube livestream\\xa0starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We\\u2019ll have news, drinks, a game and more.
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After Elon Musk’s gut renovation of Twitter, now known as X, other platforms like TikTok and Mastodon attempted to take its place as the new hub. But as users flock to various apps and algorithms replace follower-based feeds, the very core of social media is changing. On the show today, The Atlantic’s Charlie Warzel explains the silo-ification of social media, what it means to go viral on today’s internet and how the changing medium might impact the 2024 elections. Plus, a potential upside to the fragmented social media landscape.
\\nThen, we’ll get into what the U.S. is doing about shady shell companies, how China became the world’s biggest car exporter and get smart about gin.
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Former Harvard President Claudine Gay resigned after backlash following controversial testimony to Congress and accusations of plagiarism. We’ll get into Gay\\u2019s exit and what it says about privilege in the workplace. And, why Defense Secretary Lloyd Austin’s failure to tell the White House about his hospitalization is a big deal. Plus, the lore behind John Coltrane’s cover of “My Favorite Things” is making us smile.
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Happy New Year! We want to hear about any resolutions you made. Send us an email to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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Last June, President Joe Biden flew to Silicon Valley to tout the massive federal investment in clean energy made possible by the Inflation Reduction Act. For a long time though, women have been largely shut out of clean tech jobs. And an investigation by the nonprofit newsroom The Fuller Project, reported by Kate Gammon, found that last year, women filled just 32% of green energy jobs, up just 1 percentage point since 2008. Marketplace’s Lily Jamali spoke with senior editor Aaron Glantz about The Fuller Project’s sometimes graphic findings.
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Hey smarties! We\\u2019re on a break for the holidays and revisiting some of our top episodes from 2023. We can\\u2019t do this show without you and we still need your support. If you can, donate today to keep independent journalism going strong into 2024 and beyond.\\xa0Give now to support Make Me Smart. Thank you so much for your generosity, happy holidays and we\\u2019ll see you in the new year.
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Today, we’re talking about two topics near and dear to our hearts: space and economics.
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Over the last several years, NASA’s Artemis program and the commercialization of space have given rise to a large and growing space economy. How large?
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“It’s about $400 billion. By 2030 it is estimated to become about $1 trillion,” said Namrata Goswami, a scholar on space policy and co-author of the book “Scramble for the Skies: The Great Power Competition to Control the Resources of Outer Space.” “We also include a space economy to come in the next 20 to 30 years which includes the ‘in-space economy,’ so the economy that would be developed in space itself, which would result in a trillion-dollar economy by 2040.”
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On the show, Goswami explains the state of the space economy, how the space industry has evolved, and the need for updated international space regulations if we’re really serious about going to Mars. Plus, why retiring on the moon in Kimberly’s lifetime might not be such a far-fetched idea.
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In the News Fix: In the first few months of the year, the largest U.S. banks wrote off billions of dollars in bad consumer loans. While not unusual, it could it be a sign of a slowing economy. And could we be nearing the end of the barcode as we know it?
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Later, listeners share the many ways they use ChatGPT. And this week’s answer to the Make Me Smart question got us thinking about the images (or lack thereof) in our heads.
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Note: Fox News reached a settlement in the defamation lawsuit brought by Dominion Voting Systems after this show was recorded.
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We’ll start out this episode talking about the viral video of the, let’s say, different facilities for men and women inside the March Madness bubble, and quickly take the 30,000 foot view. Plus, the pot crackdown in the Biden White House and another round of Half Full/Half Empty.
Here are links to everything we talked about today:
“Biden White House Sandbags Staffers, Sidelines Dozens for Pot Use” from Politico
“NCAA vows to improve conditions at women’s basketball tournament, as outcry continues” from The Washington Post
“NCAA president Mark Emmert says no risk difference between men’s, women’s COVID-19 tests” from USA Today
“House votes to reauthorize Violence Against Women Act” from CBS News
“IRS will delay tax filing due date until May 17” from Associated Press
“Uber to give U.K. drivers minimum wage, retirement plan and more” from “Marketplace Morning Report”
“Amazon says it will offer employers telemedicine services” from “Marketplace Morning Report”
“Toys R Us, under new ownership, plans to open stores” from “Marketplace Morning Report”
“Next on Democrats’ agenda, a “holistic” infrastructure bill” from “Marketplace”
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We’re learning all about “pandemic trauma and stress experience” today, and why it’s a good reason to cancel your plans and rest a bit. But first, we’ll talk about the giant corporations trying to hold one another accountable, and Kai gets a lesson in British phraseology.
Here’s a list of what we talked about today:
“NBC breaks silence on Golden Globes controversy, acknowledging its role in ‘necessary changes’” from the LA Times
“NAACP to NFL: Don’t ‘fund Fox News’ hatred, bigotry, lies and racism‘” from USA Today
“Biden plans to send COVID shots to Mexico, Canada” from the Associated Press
“It’s not just you: Why everyone is super exhausted right now” from Salon
Join us on YouTube Friday at 3:30 p.m. Pacific time/6:30 p.m. Eastern for our live happy hour episode! Subscribe to our channel and sign up for notifications so you don’t miss it.
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Stimulus payments are hitting bank accounts all over the country. Before they go out and spend that stimmy, one listener is wondering where the money for those $1,400 checks came from. We’ll explain, plus talk about the inflationary implications. Plus: a crash course on Big Tech antitrust and leprechaun traps.
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We’re looking back on a year of life under the pandemic, and it’s clear that the internet remains everything. As long as you have access. The year showed us just how much that infrastructure could use some improving. We called one of the country’s biggest internet and wireless providers, AT&T, which has been criticized for rolling out high-speed fiber to only about 30% of the homes in its 21-state territory. The company says it’s investing heavily in 5G. It just spent $23 billion on wireless spectrum. The person in charge of building out these networks is AT&T Communications CEO Jeff McElfresh. He told Molly Wood that AT&T plans to keep expanding fiber to 3 million more customers this year and that wireless won’t be the last-mile solution in place of fiber.
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We’re revisiting a forgotten Ronald Reagan speech on today’s show. As President Biden’s new COVID-19 relief bill rolls out, Reagan’s 1966 “The Myth of the Great Society” speech is making Kai think some big thoughts on government programs and time. Plus, we talk about Netflix password-sharing, virtual conferences and Reese’s all-peanut-butter cups in another round of “Half Full/Half Empty.”
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Thanks to everyone who joined us live on YouTube today! We go live every Friday at 3:30 p.m. Pacific time/6:30 p.m. Eastern. Subscribe to our channel and sign up for notifications so you don’t miss it.
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How else to think about a massive company that knows its products cause harm but can’t do anything about it without undercutting its business interests (not to mention the addiction factor)? Today, we’ll talk about the parallels between Facebook’s AI and Big Tobacco. Plus: Kai and Molly in spaaaace!
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Join us live on YouTube Friday at 3:30 p.m. Pacific time/6:30 p.m. Eastern for our live happy hour episode! Subscribe to our channel and sign up for notifications so you don’t miss it.
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With so many high-profile data breaches in the news — Solar Winds wasn’t that long ago, neither were the settlements for Equifax — it can be hard to know how concerned to get, and easy to sort of numb out until it directly affects you. Today, we’ll sort through all that and answer listener questions about the child tax credit, container ships and more.
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We talked a bit last month about the Pentagon slow-walking some promotions of female generals over fears then-President Donald Trump would quash them. Now, President Joe Biden appears poised to place women on the Joint Chiefs of Staff. On this, International Women’s Day, we’ll talk about it. But first: More on vaccine misinformation and the new Centers for Disease Control and Prevention guidelines, plus the best New York-style bagels in America.
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California theme parks and sports stadiums could reopen with limited attendance as early as next month. Between that and the new Johnson & Johnson vaccine, is it too early to let ourselves get excited for baseball season and a trip to Disneyland? We’ll discuss. But first, a bit more on Johnson & Johnson hesitancy and an update on the Texas power grid situation. Plus, as always, another round of Half Full/Half Empty.
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Thanks to everyone who joined us today for Economics on Tap, our live happy hour on YouTube. We do it every Friday at 3:30 p.m. Pacific time/6:30 p.m. Eastern. Subscribe to our channel and turn on notifications so you don’t miss the next one.
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Part of the problem with the COVID-19 vaccine is that the tech to get it isn’t accessible to the people who need it most. Online-only appointment systems are leaving out people without internet access or devices, and clunky, buggy websites are testing everyone’s digital literacy. For Nicol Turner Lee, a fellow at the Brookings Institution, it’s part of a bigger problem that needs a big solution. We’ve got tech that’s unevenly distributed, plus a struggling economy that needs to transition to the digital age. So Turner Lee proposes that big solution in a recent piece for Brookings: a Tech New Deal and a paid civilian corps of tech-savvy people to do building, training and outreach. The idea is that maybe the next big disaster solution won’t leave people behind.
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For a year now, the national pastime has been baking bread, watching Netflix and muting/unmuting in Zoom. If you’re lucky, anyway. The major sports teams would tell you they’re a balm in “these unprecedented times” but the numbers don’t really bear that out. On today’s show, we’ll talk about the interesting Jemele Hill piece in The Atlantic, “America Didn’t Need Sports After All.” Plus: When does a cyberattack become a war crime?
Here’s everything we talked about today:
Some COVID death analysis on the TL
“America didn’t need sports after all” from The Atlantic
“China Appears to Warn India: Push Too Hard and the Lights Could Go Out” from The New York Times
“Biden works to unify Senate Democrats on $1.9 trillion relief bill” from The Washington Post
“First vaccine to fully immunize against malaria builds on pandemic-driven RNA tech” from the Academic Times
Social studies and civics education guidance from The Washington Post
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After watching some of the news out of CPAC, the Conservative Political Action Conference, Kai Ryssdal thinks he has a pretty good idea of where the Republican Party and the U.S. government are headed in the next few years. Today, we’ll kick the tires on that prediction and talk a bit more about the SEC and Elon Musk. The “S” stands for “stonks.” Plus, like we do every Friday, a round of “Half Full/Half Empty.”
Here’s everything we talked about today:
“3 key takeaways from Friday’s CPAC event: Speakers stand behind Trump” from ABC News
“U.S. SEC suspends trading in 15 securities due to ‘questionable’ social media activity” from Reuters
Some other “questionable activity”
“Fed and Treasury chart path back to ‘full employment’” from “Marketplace”
“California can enforce its net neutrality law, judge rules” from “Marketplace Morning Report”
“Wearable tech shows promise for early COVID-19 detection” from “Marketplace”
“Twitter announces paid Super Follows to let you charge for tweets” from The Verge
Thanks to everyone who joined us live on YouTube! We tape our Friday episode there every week at 3:30 p.m. Pacific time/6:30 p.m. Eastern. Subscribe to our channel and sign up for notifications so you don’t miss it.
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Texans are being hit with massive electric bills after last week’s winter storm knocked out much of the state’s grid, which is primarily powered by natural gas. You might not know that many of the data centers mining for cryptocurrency in this country also run on natural gas. On today’s Whadda Ya Wanna Know Wednesday, we’re digging into Texas’ unregulated energy market and Bitcoin’s carbon footprint. Plus your questions about stock trading and stonktails.
Here’s everything we talked about today:
“Can Texans protect themselves from their sky-high energy bills?” from Marketplace
“Texas Electric Bills Were $28 Billion Higher Under Deregulation” from The Wall Street Journal
“GameStop Mania Highlights Shift to Dark Trading” from The Wall Street Journal
“Tesla’s $1.5 billion bitcoin purchase clashes with its environmental aspirations” from The Verge
Treasury Secretary Janet Yellen on her Bitcoin doubts
A couple pieces on Bitcoin and natural gas
“We try your “GameStonk”-inspired cocktails” from “Make Me Smart”
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It’s not the absolute worst worst-case, but 500,000 dead from COVID-19 is more than what some experts painted as the worst-case scenario back when the pandemic started, and about a third of the way to the death toll if the country had taken no action at all. Today, we’ll do the numbers. Plus: The bond market gains and NASA’s new Martian probe.
Here’s everything we talked about today:
“US surpasses 500,000 COVID deaths” from USA Today
Some looks at COVID modeling from The New York Times and New York Magazine
President Biden’s moment of silence at the White House today
“Technology Stocks Drop Amid Rising Bond Yields” from the Wall Street Journal
“Watch new dramatic videos from NASA’s Perseverance rover landing on Mars” from The Verge
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Like a lot of people, we’ve spent some time today watching this story about Sen. Ted Cruz’s scuttled trip to Cancún, Mexico, but don’t take your eye off the ball. Today, we’ll talk about the crisis brought on by cold weather and infrastructure failures in Texas. Plus, what it takes for a woman to be promoted to general and the Mars rover Perseverance.
Here’s everything we talked about today:
“Sen. Ted Cruz faces storm of controversy for flying to Cancun as Texas grapples with power outages caused by severe weather” from The Washington Post
“Texas blackouts during deep freeze highlight grid challenges” from Marketplace
“How Texas weather disruptions will ripple through oil supply chain” from Marketplace
“Running an online business … when the power goes out” from Marketplace
“Deep freeze has Texas ranchers concerned about food, water for cattle” from Marketplace
“Promotions for Female Generals Were Delayed Over Fears of Trump’s Reaction” from The New York Times
“A Grim Measure of Covid’s Toll: Life Expectancy Drops Sharply in U.S.” from The New York Times
Redditors want to know: Where is AOC?
“NASA Lands the Perseverance Rover on Mars” from Wired
“New Zealand to Roll Out Free Period Products to All Students” from The New York Times
Join us live on YouTube Friday at 3:30 p.m. Pacific time/6:30 p.m. Eastern for our live happy hour episode! Subscribe to our channel and sign up for notifications so you don’t miss it.
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Guest host Kimberly Adams mentioned the return of earmarks yesterday, and a listener wants to know more about the “currency of compromise.” To help answer that one, we called up Laura Blessing, a senior fellow at the Government Affairs Institute at Georgetown University. Plus, Kimberly and Kai Ryssdal answer more of your questions about the 10-year Treasury note, women in postsecondary education and, uh, campaign promises.
Here’s everything we talked about today:
“Can Pork Bring Back Bipartisanship?” from Cook Political Report
“10-year Treasury yield marks biggest daily jump in over three months” from MarketWatch
“Fed’s Esther George says she is not concerned about Treasury-yield spike” also from MarketWatch
“Mortgage demand falls further as rates rise at the fastest pace in months” from CNBC
“Household Debt Climbs to Record in U.S. Amid Surge in Mortgages” from Bloomberg
“Few Positives in Final Fall Enrollment Numbers” from Inside Higher Ed
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The Biden administration is working to repair norms and rollback policies covering so much from the Trump era. So where does immigration sit in the priority list? The White House already rescinded the “zero-tolerance” policy that separated migrant families, but unwinding rules and reuniting those families are very different things. Today, we’ll talk with The Atlantic’s Caitlin Dickerson about the reunification effort and the lasting impact on families.
Here are links to everything we talked about on the show today:
Dickerson’s piece from The New York Times last year: “Three Years After Family Separation, Her Son Is Back. But Her Life Is Not.”
“Trump and Aides Drove Family Separation at Border, Documents Say” also from The New York Times
“Biden signs executive orders on family separation and asylum” from Politico
Another interview with Dickerson on MSNBC about how Biden is taking steps to tackle the root of immigration from Central America
“Biden faces questions about commitment to minimum wage hike” from the Los Angeles Times
“CEOs of Reddit and Robinhood and ‘Roaring Kitty’ slated to testify in GameStop hearing” from The Verge
“Democrats Want To Bring Back Earmarks” from HuffPost
“Restoring Earmarks Is Probably a Good Thing” from Bloomberg Opinion
This billboard a listener sent in
Finally, how to send us a voice memo
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GameStop closed at $51.10 a share today. We’re far away from the heady days of, uh, two weeks ago. But something has still been nagging at us: Why didn’t the beleaguered video game retailer jump on the opportunity to sell some shares and pay down its debt? Today we finally got an answer, and we’ll take some time to explain. Plus: a little talk about the impeachment trial so far, vaccines and Bitcoin.
Here’s everything we talked about today:
Join us live on YouTube Friday at 3:30 p.m. Pacific time/6:30 p.m. Eastern for our live happy hour episode! Subscribe to our channel and sign up for notifications so you don’t miss it.
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Well, Elon Musk has been tweeting again. Specifically, he’s been tweeting about how much he loves bitcoin, right after his automaker Tesla bought up $1.5 billion worth of it. Is this a distraction from the company’s China troubles? A scheme running afoul of the SEC? An epic bacon win for all the lulz, good sir? Maybe all three? We try and get into Musk’s head on today’s show. Wish us luck. Plus, your questions about minimum wage, interest rates and mRNA.
Here’s everything we talked about today:
“Tesla buys $1.5 billion in bitcoin, plans to accept it as payment” from CNBC
“Why did Tesla buy bitcoin?” from MarketWatch
“‘Big Short’ investor Michael Burry calls Tesla’s $1.5 billion bet on Bitcoin a distraction – and says Dogecoin’s record price signals a massive bubble” from Business Insider
“Low U.S. Rates Exacerbate Racial Wealth Gap, Paper Shows” from Bloomberg
“The next act for messenger RNA could be bigger than covid vaccines” from MIT Technology Review
And you might want to catch up with our recent episodes on mRNA and the minimum wage
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Here are links to everything we talked about on the show today:
You can read more about Dube here: “The Burger Flipper Who Became a World Expert on the Minimum Wage” from Bloomberg
“Even a divided America agrees on raising the minimum wage” from Brookings
The CBO’s latest analysis of a minimum wage hike, and one from 2019 (be warned: both are PDFs)
“No Quick Fix for Auto Chip Shortage” from The Wall Street Journal
“Biden: Yellen needs a ‘Hamilton’ musical. Dessa: Here you go.” from “Marketplace.” You can also hear “Who’s Yellen Now?” on YouTube and all the streaming services.
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We’ve been covering COVID’s impact on women in the workforce for a while, and this New York Times profile of three moms “on the brink” hit close to home. Today, we take a step back and look at how these women and their struggles are being framed and reckoned with. Plus: More SPAC news, Valentine’s Day plans and the coverage of Rep. Marjorie Taylor Greene.
Here’s everything we talked about today:
Thanks to everyone who joined us for the live happy hour taping on YouTube! Join us next Friday at 3:30 p.m. Pacific time/6:30 p.m. Eastern —subscribe to our channel and sign up for notifications so you don’t miss it.
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For Black History Month, we’re looking at the history of Blackness on the internet. Through most of that history, Black women in particular have been disproportionately harassed and abused. And then ignored when they tried to report that abuse or point out how tech might be misused to further oppress people online and offline. Ignored by tech companies and, it must be said, by journalists, too. Researcher and writer Sydette Harry wrote about this in Wired in a piece called “Listening to Black Women: The Innovation Tech Can’t Figure Out.” Molly asked her: “What could the internet look like right now if we had listened to Black women all along?”
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Amazon, the so-called “everything store,” is increasingly becoming the “everywhere store.” Why would the largest online retailer pivot so hard into brick and mortar? And, oh yeah, what’s up with Jeff Bezos stepping down as CEO? Also on tap for this Whadda Ya Wanna Know Wednesday: Are we headed for a COVID baby bust? What about a recession? And before our Friday happy hour episode: What’s a hazy IPA?
Here’s everything we talked about today:
Speaking of happy hour: Join us live on YouTube this Friday at 3:30 Pacific/6:30 Eastern! Subscribe to our channel and sign up for notifications so you don’t miss it.
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We can’t lie y’all, we’re fighting off The Dark Place today. On the docket: extremism in Facebook groups, how quickly we’re aging and all the poor folks losing money in “stonks.” Maybe you can listen while you watch these pandas in the snow?
Here are links for everything we talked about:
“Facebook Knew Calls for Violence Plagued ‘Groups,’ Now Plans Overhaul” from The Wall Street Journal
“How Facebook Groups Are Being Exploited To Spread Misinformation, Plan Harassment, And Radicalize People” from BuzzFeed News, back in 2018
Some disturbing “Wonder Years” math
“U.S. Hits Pandemic Milestone With More Vaccinated Than Cases” from Bloomberg
“Big step forward for Dr. Martens as shares jump in $5 billion London debut” from Reuters
“Pandas at National Zoo play in snow” from CNN
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We just can’t look away from these stonks! The whole affair around GameStop, r/WallStreetBets, Robinhood and the rest is like a car crash — a 20-car pileup of money, power, technology, regulation and more. It’ll be with us for a bit longer here. Today we start assessing the fallout. Plus: We play “Half Full/Half Empty” with outdoor dining, buying American and more.
Here’s everything we talked about today:
“After GameStop Backlash, Citron Research Will Stop Publishing Short-Seller Reports” from The Wall Street Journal
“Some businesses may struggle to follow Biden’s ‘Buy American’ rules” from Marketplace
“Outdoor dining returns to L.A. County with new COVID-19 rules: TVs off, no more than 6 per table” from the Los Angeles Times
Thanks to everyone who joined us live on YouTube! To have a drink with Kai Ryssdal and Molly Wood and hear some extra chatter, subscribe so you don’t miss the next one!
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Two things you need to know about the situation with GameStop, WallStreetBets and that whole mess today: First, retail traders aren’t actually the customers at Robinhood, the stock-trading app that many of those retail traders are mad at. Second, while the potential losses of retail stock buyers max out at 100%, if a hedge fund is selling short, as they often do, the losses can be infinite. We’ll fill you in on what you need to know — or you could just watch this.
Here’s everything we talked about today:
“WeWork in Talks to Combine With SPAC or Raise Money Privately” from The Wall Street Journal
“Robinhood’s Customers Are Hedge Funds Like Citadel, Its Users Are the Product” from Vice
And, one more time, this “stonks” explainer
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The Reddit- and Discord-fueled explosion of GameStop’s stock isn’t over. In fact, a bunch of other companies are seeing their stock prices inch closer to their ’90s and 2000s glory days, befuddling hedge funds and raising questions about who gets to manipulate the market. A bunch of listeners have written in with questions about “stonks,” so we’ll spend a little time on one today. Plus, we’ll get a little wonky and take you behind the scenes of why we do “The Numbers.”
Here’s everything we talked about today:
“What exactly is going on with GameStop?” from Marketplace
“The GameStop stock frenzy, explained” from Vox
A few heartwarming investor stories
“What the heck is reconciliation?” from Marketplace
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In just the past three Wednesdays we’ve seen an insurrection, a (second!) impeachment and an inauguration. Coming off this not-so-peaceful transition of power and months of election conspiracies, President Joe Biden declared in his inauguration speech, “Democracy has prevailed.” Has it, though? Sure, the insurrection failed, but that doesn’t mean our democracy is in particularly good shape after these four years, or even the past 40 years. On today’s show, MIT economist Daron Acemoglu, author of “How Nations Fail,” tells us how the health of our democracy affects the economy, and vice versa.
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We looked at GameStop’s ballooning share price Friday, and since then things have … progressed. Today, we’ll look at what happened between the beleaguered video game retailer and r/WallStreetBets with “numb fascination.” Plus: contrasting Twitter and Facebook’s rules around misinformation and — one more time — Janet Treasury-Secretaryin’.
Here’s everything we talked about today:
“A Fight Over GameStop’s Soaring Stock Turns Ugly” from Wired
“Twitter launches ‘Birdwatch,’ a forum to combat misinformation” from NBC News
“Trump Wants Back on Facebook. This Star-Studded Jury Might Let Him.” from The New York Times
“Budweiser skips Super Bowl ads in favor of vaccine education campaign” from Axios
“Senate Confirms Yellen as Treasury Secretary as Stimulus Talks Loom” from The New York Times
One more time, here are all the links to listen to Dessa’s song “Who’s Yellen Now?”
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Climate change is high on President Joe Biden’s agenda. Last week, on his first day in office, the United States rejoined the Paris climate accord. Reuters reports he’s expected to announce a climate order that will introduce new regulations and make climate change a national security priority. And Biden has tied economic recovery to climate investment — new jobs, new infrastructure and new funding. Molly spoke with Jay Koh, managing director of the private equity firm Lightsmith Group, which is focused on climate adaptation technology.
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A Rolex watch and Peloton coverage topped the list of presidential “scandals” Kai Ryssdal and Molly Wood were none to happy to read about this week. They dive into why the media (ahem) shouldn’t be spending so much time on this kind of coverage. Later in the show, they’ll finally share their very specific predictions for 2021 and pay tribute to the late home run king, Hank Aaron. Plus, a short round of “Half Full, Half Empty.” Have a great weekend! Here’s everything we talked about today:
“Is That a Rolex on Biden’s Wrist?” from The New York Times
“Biden Has a Peloton Bike. That Raises Issues at the White House.” also from The New York Times
“People Are So, So Mad at GameStop Investors and FinTok Influencers” from Vice
“GameStop soars nearly 70%, trading briefly halted amid epic short squeeze” from CNBC
“Hank Aaron, Home Run King Who Defied Racism, Dies at 86” from The New York Times
“Pandemic drives backyard ice rink boom” from Marketplace
“Instacart is firing every employee who voted to unionize” from The Verge
Finally, here are all the links to listen to Dessa’s song “Who’s Yellen Now?”
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Just as we were getting used to the idea of a European COVID-19 mutation spreading to the states, scientists in California have found a new, domestic mutation of the virus: CAL.20C. We’ll talk about it, plus Parler fallout, Clubhouse and fireworks.
Here’s everything we talked about today:
“New California Variant May Be Driving Virus Surge There, Study Suggests” from The New York Times
“Judge refuses to reinstate Parler’s Amazon account” from The Verge
“Facebook Refers Trump Account Suspension to Oversight Board” from The Wall Street Journal
And, of course, this ode to Janet Yellen
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Speeches were made, the parade’s all done and President Joe Biden got to work this afternoon, signing 17 executive orders and other memos. But who pays for all the festivities on Inauguration Day, especially with the heightened security just two weeks after the pro-Trump siege at the Capitol? That’s just one of the questions we’re answering on this Whadda Ya Wanna Know Wednesday. Plus: Clubhouse and Section 230.
Here’s everything we talked about today:
“Will Capitol attack hike security costs for Biden inauguration?” from Marketplace
“How Much Will the Inauguration Cost, and Who’s Paying?” from the New York Times
“Speech on the internet: The First Amendment and Section 230 are different” from Marketplace
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Given the state of the democracy right now, you’d be forgiven for taking your eye off the COVID-19 vaccine ball. Today, we’ll catch you up on how the rollout is going — or, uh, not going. Plus: what MyPillow CEO Mike Lindell was doing at the White House.
Here’s everything we talked about today:
Finally: We’re approaching our four-year anniversary of doing this show. On that very first episode, we heard from voters on both sides of the political aisle. And so, we want to hear from you again: What do you want people on the other side to know about you? Depending on your politics, feel free to define the “other side” however you like. Send us your answer — voice memo is best — at makemesmart@marketplace.org.
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No, not for the president, but his supporters who filmed themselves charging into the Capitol and posted it online. Do they have a “right to be forgotten”? What about accountability for Facebook, where some of those extremists planned the Jan. 6 insurrection? And, oh yeah, what about for the officials at the helm when the water was poisonous in Flint, Michigan? We’re talking about all those stories today, plus Jerome Powell’s Zoom background and the Secret Service’s $3,000 toilet.
Here’s links to everything we talked about today:
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The right-wing social media app Parler has been banned by the major app stores and online hosting services over fears of more violence in the lead-up to President-elect Joe Biden’s inauguration. Still, it’s looking like the company is trying to restart itself, and we have a listener wondering what’s next. We’ll talk about it on this Whadda Ya Wanna Know Wednesday. Also on the docket: savings rates, stagflation, and “Ted Lasso.”
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Here’s everything we talked about today:
Jankowicz’s latest for Foreign Affairs: “The Day the Internet Came for Them”
And her last appearance on Make Me Smart
“Disinformation’s big win” from Axios
“Congresswoman Pramila Jayapal Has Tested Positive for COVID” from The Cut
“Republicans Weigh Trump Censure, Impeachment” from The Wall Street Journal
“Fox News to Add Another Hour of Right-Wing Talk as Biden Takes Office” from The New York Times
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Here’s everything we talked about today:
“FBI memo warns law enforcement across U.S. of possible armed protests at 50 state capitols” from NBC News
“Coca-Cola Suspends Political Donations After Capitol Violence” from Bloomberg
“Officer resigns as Army investigates her involvement in Washington rally that led to U.S. Capitol riot” from CBS News
“JPMorgan and Goldman Sachs join U.S. corporations halting political donations after Capitol riot” from CNBC
Molly has been searching “No fly list” on Twitter
And finally, this video.
Correction: This episode describes viral videos taken out of context. The videos do not necessarily depict people who are on a no fly list. Additionally, one of the videos appears to be recirculated from 2018.
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We were planning to come back anyway, honestly. After pro-Trump insurrectionists broke into the Capitol, egged on by the president, we decided to cut short our holiday break. Then about five minutes before today’s taping, Twitter announced it was banning Donald Trump from his preferred platform. This whole week was a collision of the things we’ve talked about for years: disinformation radicalizing social media users, the offline consequences of online behavior, the peril of private companies acting as a check on a norm-shredding president. It’s been a huge week, and on today’s show, you’ll hear our raw reaction to it.
By the way, here’s the Twitter thread Kai mentioned today.
Thanks to everyone who joined us live on YouTube today! Subscribe to our channel so you don’t miss the next one.
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All this week, we’re revisiting some of our shows from 2020. That includes an interview Molly did with Bill Gates, co-chair of the Bill and Melinda Gates Foundation, which is trying to eradicate polio and malaria globally. He created a billion-dollar climate investment fund. He’s funded multiple factories to find a vaccine for COVID-19 and played matchmaker to companies around the world to get that vaccine distributed. Gates is in the position to do all this because he is one of the world’s richest people. So Molly asked Bill Gates how his philanthropy ends up doing so much of the work of government. He said some of it is mission creep.
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All this week on, we’re revisiting some of our shows from 2020 that touch on issues we think will continue to be pivotal in the year ahead. Chief among those is the internet. It now touches pretty much every part of our lives, but not everyone has access to good service. Earlier this month, the FCC announced the results of a $9 billion auction to provide high-speed broadband to homes and businesses that don’t have it. The money comes from something called the Rural Digital Opportunity Fund, and this is just the first chunk of money to come from it. The FCC is planning to allocate billions more. But the data the FCC is using to map where broadband is most needed is wildly inaccurate, even by the agency’s own admission. Molly speaks with Nicol Turner Lee, who researches technology access as a fellow in the Center for Technology Innovation at the Brookings Institution. She says the coronavirus pandemic has made the mapping problem even more obvious.
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This week, we’re taking a look back at some of the shows from 2020 that deal with issues that continue to be, shall we say, challenging. That includes education and the complexities of dealing with remote school every day. With parents trying to figure out the best remote-schooling options, enrollment in alternative online schools rose significantly this fall. Some of these are for-profit schools that get public money from states or public school districts for each student that they enroll, and have been around for years. Molly speaks with Jennifer King Rice, a professor of education at the University of Maryland, who’s studied for-profit virtual schools. She says you shouldn’t assume that having experience in remote learning means the school is better.
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Here are links to what we talked about today:
“The Economist Who Believes the Government Should Just Print More Money” in the New Yorker
“Is modern monetary theory nutty or essential?” in The Economist
“Stephanie Kelton: ‘They’re going to have massive deficits. And it’s fine’ ” in the Financial Times
“Dr. Fauci says NFL season is feasible” in the L.A. Times
“Twitter Will Allow Employees To Work At Home Forever” in BuzzFeed
“Uber Technologies Makes Takeover Approach to Grubhub” in The Wall Street Journal
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If your kids are going to school online, then one thing you’re probably concerned about is the data that’s being collected about them, and how it’s being stored and used. Well, there are some rules — actually, lots of them. You’ve probably heard of COPPA, the Children’s Online Privacy Protection Act, and perhaps FERPA, the Family Educational Rights and Privacy Act. Those are both federal laws governing data collection and kids. And, in the last six years, states have passed dozens more student privacy laws. But the problem is not everyone knows about them. Molly talks about it with Amelia Vance of the nonprofit Future of Privacy Forum.
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Here’s a list of everything we talked about today:
“Here’s a List of Colleges’ Plans for Reopening in the Fall” from the Chronicle of Higher Education
“What the Shift to Virtual Learning Could Mean for the Future of Higher Ed” from Harvard Business Review
“The Coming Disruption,” Galloway’s recent piece for New York magazine
“Goldman Sachs says a national mask mandate could slash infections and save economy from a 5% hit” from CNBC
“Is it safe to send kids back to school?” from MIT Technology Review
“A Look Back On Shirley Chisholm’s Historic 1968 House Victory” from NPR
Finally, this painting by Rhonda Brown
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This is our last episode of the year! After nine months of daily episodes, we’re gonna take a short break. We can’t thank you enough for hanging with us every day, sending voicemails and questions, and chipping in to support us. This show doesn’t work without all of you. Before we go though, we have one more edition of “Economics on Tap” where we’ll talk about vaccine algorithms, media consolidation and, yes, Space Force.
Here’s links to everything we covered today:
“Only Seven of Stanford’s First 5,000 Vaccines Were Designated for Medical Residents” from ProPublica
“Biden’s Transition Team Protests Pentagon’s Halt in Briefings” from Bloomberg
“From BuzzFeed to Axios, Digital Media Players Prepare for Deal Frenzy” from The Wall Street Journal
“Pence announces Space Force members will be called ‘guardians’” from Politico
Thanks again everyone, and don’t forget to pick up a newly restocked KaiPA pint glass and help us hit our $500,000 goal. Once it hits midnight on New Year’s Eve they’re gone!
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In what feels like a flashback to New York in March, field hospitals are sprouting up around Southern California as the region hit an alarming milestone: ICU capacity at 0%. It’s a grim reminder that even with one approved COVID-19 vaccine and more on the way, we are still in the darkest days of this pandemic. We hope you’re staying home and staying safe for the holidays. But before we talk about that, Molly Wood will break down the latest about that huge, probably Russian hack into the U.S. government. Plus, your chance to implode President Donald Trump’s Atlantic City casino.
Here’s everything we talked about today:
“More Hacking Attacks Found as Officials Warn of ‘Grave Risk’ to U.S. Government” from The New York Times
“I Was the Homeland Security Adviser to Trump. We’re Being Hacked.” from The New York Times
“Bar complaint filed against Trump attorneys in Arizona” from 12News
“ICU availability in Southern California at 0% amid deluge of COVID-19 patients” from the Los Angeles Times
“In New York City, snowfall tops all of last winter’s.” from The New York Times. Check out that photo!
“Win a Chance to Destroy Trump’s Casino Like He Destroyed Our Country” from Rolling Stone
Here’s the link to that auction
“In Historic Move, Biden To Pick Native American Rep. Haaland As Interior Secretary” from NPR
This beautiful, musical Christmas dispatch from Camp Davids
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We’ve got some really memorable calls from listeners today, y’all. There’s the guy who’s staring down a huge milestone in his life, but can’t stop thinking about eggnog. There’s the listener who asked us to stop and reflect on this crazy year. And, of course, there’s a question about vaccines. We’ll talk about it all on this, our last Whadda Ya Wanna Know Wednesday of the year.
Here’s everything we talked about today:
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As President-elect Joe Biden mulls forgiving $10,000 in student loan debt — and leading Democrats and others on his left push for more — one of our listeners wants to know: What would that do to the economy, and is it even possible for the White House to do it on its own? To find out, we called University of Michigan public policy, education and economics professor Susan Dynarski. She helps us look beyond the obvious micro-economic benefits and inject some nuance into the conversation about what it actually takes to get out of this $1.6 million hole.
Here’s everything we talked about today:
“Student Loan Cancellation Sets Up Clash Between Biden and the Left” from The New York Times
“Would canceling $10,000 in student debt really help that much?” from Marketplace
An interactive map of debt in America
“Americans want to cancel student loans — but not all of them” from Vox
“The student loan trap” from Marketplace’s podcast “This Is Uncomfortable”
“Google CEO delays office return to next September, but axes idea of permanent remote work” from CNBC
“USPS ‘gridlocked’ as historic crush of holiday packages sparks delays” from The Washington Post
“Is Louis DeJoy’s XPO Logistics divestiture a sham?” from Citizens for Responsibility and Ethics in Washington
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No matter who you are — even, say, a New York Times columnist — it’s so important that you stay safe at home this Thanksgiving, because your bubble is likely bigger than you think. Also, the hospitals are already straining ahead of a long winter. We’ll talk about it, plus our favorite Thanksgiving sides in another round of “Half-Full or Half-Empty.”
Here’s a list of everything we talked about today:
Some background info on Kimberly’s cocktail today
“I Traced My Covid-19 Bubble and It’s Enormous” from The New York Times Opinion
“One in Five U.S. Hospitals Face Staffing Crises Within a Week” from Bloomberg
“Dolly Parton & Friends Set for Live Holiday Special With Pandora” from Billboard
Thanks to everyone who joined us live on YouTube today! We’re off next Friday, and planning to be back in December. Subscribe so you don’t miss it!
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Here’s a list of everything we talked about today (if these links don’t work on your device, try our episode page at makemesmart.org):
“The coronavirus risk for a big Thanksgiving dinner in your community” from The Washington Post
“Don’t rely on a negative test result to see your family for Thanksgiving” from CNN
“Treasury moves to end several crisis-era programs, drawing pushback from the Fed” from CNBC
“Federal Reserve’s Emergency Loan Programs at Center of Political Fight” from The New York Times
“Dog at Delaware SPCA for 866 days finds forever home” from Fox 29 Philadelphia
This Twitter exchange between Chef José Andrés and Chris Krebs, the recently fired director of the Cybersecurity and Infrastructure Security Agency
Kai’s interview with Andrés from 2018
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With the promise of another coronavirus vaccine from Moderna, in addition to last week’s blockbuster news from Pfizer, we were inspired to go back and do the numbers: Once there’s a vaccine for COVID-19, who’s actually going to take it? The answer is … not ideal. Also on the docket for today: high-stakes content moderation, low-stakes voter fraud and, yes, Dolly Parton’s own efforts to fund a coronavirus vaccine.
Here’s a list of everything we talked about today (if these links don’t work for you, check out our episode page at makemesmart.org):
“Facebook Has A Rule To Stop Calls To Arms. Moderators Didn’t Enforce It Ahead Of The Kenosha Shootings.” from BuzzFeed News
“Why Obama fears for our democracy” from The Atlantic
“Second coronavirus vaccine, from Moderna, shows promise” from Marketplace
“U.S. Public Now Divided Over Whether To Get COVID-19 Vaccine” from Pew Research Center
“Voter fraud alleged in New Zealand bird of the year contest” from The Washington Post
“Renowned philanthropist Dolly Parton donates a million to COVID-19 vaccine effort” from PinkNews
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We’re trying out a new game on the show today, where Kai Ryssdal and Molly Wood say whether they’re “half full” or “half empty” on a bunch of stuff in the news. It’s our first try at this, so let us know what you think! Before that, we’ll talk about Nancy Pelosi’s leadership, Charles Koch’s new self-reflection and why Elon Musk is “a boob.” TGIF!
Here’s a list of everything we talked about today (if these links don’t work, check out our episode page at makemesmart.org):
“Pelosi & House Dems, GOP Slammed for Indoor Freshmen Dinner” from Mediaite
“Charles Koch Says His Partisanship Was a Mistake” from The Wall Street Journal
Kai’s full interview with Koch from 2015
“Mr. McNamara’s War” from The New York Times
“Elon Musk says he’s tested positive and negative for COVID-19” from The Verge
And the topics we talked about in our new game, “half full or half empty”:
“Will a ‘skinny’ coronavirus relief package help those who need it most?” from Marketplace
“How the election certification process works, and why it matters” from Marketplace
“Flying soon? That middle seat might be occupied” from Marketplace
“In this time of comfort-at-home fashion, Crocs are having a moment” from Marketplace
Thanks to everyone to tuned into our livestream this evening! Subscribe here so you don’t miss the next one.
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The European Court of Justice in Luxembourg ruled that the way thousands of companies share personal data between the U.S. and Europe. They use something called “Privacy Shield,” which isn’t an app. It’s a set of legal rules to moving information back and forth. But the court ruled that doesn’t do enough to protect European’s data from the U.S. government. I spoke with Adam Satariano, a European technology correspondent at The New York Times. He says it’s hard to tell exactly what happens next.
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