NPR: Planet Money
Money makes the world go around, faster and faster every day. On NPR's Planet Money, you'll meet high rollers, brainy economists and regular folks -- all trying to make sense of our rapidly changing global economy.
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#436: If Economists Controlled The Borders
For the first time in a while, there's political momentum ...
For the first time in a while, there's political momentum building to change the U.S. immigration system. On today's show, we ask three economists: What would the perfect system look like? If we could scrap the mess of a system that we currently have and replace it with anything, what would it look like? Among the answers: Let in lots more doctors and engineers Auction off immigration slots to the highest bidders Open the gates, and let everyone in
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#435: Why Buying A Car Is So Awful
In survey after survey, people rank buying a car as ...
In survey after survey, people rank buying a car as one of their least favorite experiences. Why hasn't anyone figured out a better way to sell cars? Why can't you just go to a car store and shop for cars from a bunch of different manufacturers? Why don't cars have real price tags — with real prices, that people actually pay? Today on the show: Why car buying is so unpleasant, and what your local legislators may be doing to keep it that way.
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#434: Dealing with Danger, Death, And Crime
On today's show: Four short stories about how we deal ...
On today's show: Four short stories about how we deal with danger, death, and crime. Here's more on those stories: 1. Why Is The Government In The Flood Insurance Business? The quick answer to why the government sells flood insurance: a hugely damaging hurricane named Betsy. 2. Should Gun Owners Have To Buy Liability Insurance? Most states require car owners to have liability insurance to cover damages their vehicles cause to others; some economists think we should require the same for gun owners. 3. Lance Armstrong's Confession Could Cost Him Millions How one interview could mean he'll have to pay back all the money the U.S. Postal Service and others paid to sponsor his cycling career. 4. How Happy Is America? The government is considering adopting a national happiness index. But how do you measure happiness?
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#433: Holding A Rainforest Hostage
Ecuador's Yasuni National Park is an amazing rainforest — home ...
Ecuador's Yasuni National Park is an amazing rainforest — home to jaguars, giant otters, the golden-mantled tamarin and woolly monkeys. The park also sits on top of hundreds of millions of barrels of oil, worth billions of dollars. The government of Ecuador faces a choice: Should it protect the park, or go for the money? The country is trying to do both. The government says it will promise to leave its rainforest untouched — if rich counties give Ecuador billions of dollars.
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#267: A New Mom And The President of Iceland
In the spring of 2011, voters an Iceland had to ...
In the spring of 2011, voters an Iceland had to decide whether to pick up the tab for mistakes bankers made before the financial crisis.We visited Iceland just before the vote and met Heiða Dóra Jónsdóttir, a 29-year-old new mom. Heiða was trying to figure out how to vote so we set up interviews for her with a bunch of experts on the subject, including Iceland's president.Heiða and the majority of Icelanders eventually voted "no" on the referendum, but the fight didn't end there. The British and Dutch governments took Iceland to court to try to recover money their citizens lost when an Icelandic bank failed.On today's show: we revisit that story from 2011 and give an update on how the years-long, international, multi-billion-dollar battle turned out.
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#432: The Price Of Free Breast Pumps
The Affordable Care Act — aka Obamacare — requires health ...
The Affordable Care Act — aka Obamacare — requires health insurers to pay for breast pumps. For many insurance plans, the new rule kicked in at the start of this year. On today's show, we visit a breast pump boutique that has suddenly become a medical supply superstore. And we look at happens when a device goes from being something people have to pay for out of their own pocket to being free for anyone with insurance.
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#331: How Office Politics Could Take Down Europe
Note: This is an updated version of a podcast that ...
Note: This is an updated version of a podcast that originally aired in Dec., 2011. If you're looking for the beginning — and, possibly, the end — of the European financial crisis, you can find it in a single building: The Greek statistics office, at 46 Peireos Street in Athens. We visited recently and found what may be the world's most high-stakes game of office politics. On one side: The technocrats, led by Andreas Georgiou, who was appointed last year to run the office. On the other : The old guard, including Konstantinos Skordas. Georgiou's technocratic ways — like reporting Greek deficit figures directly to European authorities — have landed him in hot water with the old guard. His email was hacked, he says. His workers went out on strike. And now he is facing criminal charges that could lead to life in prison.
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#320: How Fear Turned A Surplus Into Scarcity
Today on the podcast, the story of one of the ...
Today on the podcast, the story of one of the most destructive and mysterious food shortages in recent memory. Colbert described it on his Threatdown segment: The global food shortage is finally becoming an important story, because now it is affecting me. Costco and Sam's Club are now both rationing rice. You can't buy more than 80 pounds in a single visit. How am I supposed to make my famous kiddie pool paella?!? The most mysterious thing about this shortage of rice: There was more than enough to go around. It is the epic story of a shortage that wasn't. In this global caper of good intentions gone wrong, there are shadowy trade deals, corrupt government officials, and warehouses full of rice in a country that didn't want it. Note: Today's show is a rerun. It originally ran on November, 2010.
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#431: A Billion-Dollar Bet Against Weight-Loss Shakes
Herbalife, a company that sells weight loss shakes, vitamins and ...
Herbalife, a company that sells weight loss shakes, vitamins and other similar products, is worth billions of dollars. The company has been around for more than 30 years, and it's traded on the New York Stock Exchange.Bill Ackman thinks the whole thing is a pyramid scheme.Not surprisingly, Herbalife disagrees.Ackman manages a hedge fund that has shorted more than a billion dollars' worth of Herbalife stock. If the stock falls — and Ackman says he thinks it will fall all the way to zero — the fund will make money.On today's show, we talk to Ackman and to Herbalife. And we consider what it means when an investor bets that a company will fail.
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#430: Black Market Pharmacies And The Spam Empire Behind Them
Chances are you've received an email with a subject line ...
Chances are you've received an email with a subject line like this: "The hottest method to please your beloved one." Or this: "Want to get good health for low prices?" Or emails offering "low cost med pills!"You've probably wondered — who is sending these emails? Does anyone actually click on these links? What happens when they do?On today's show — we go deep inside the world of spam to answer these questions with the help of cyber-security reporter Brian Krebs and researcher Stefan Savage.
