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Wherever consumer sentiment goes, consumer spending usually goes too. They're like buddies that do everything together. Consumer sentiment wants a hair cut, its buddy consumer spending does too.But lately, these friends are drifting apart.While consumer sentiment about the economy is down … spending remains strong. And not just that… Interest rates are still high, inflation is growing, tariffs have made the prices of goods go up. And yet, consumer spending looks good. What gives?Today - a consumer spending mystery. Is the economy actually healthy? Or is something distorting our view of the economy?Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This episode was hosted by Sarah Gonzalez and Kenny Malone. It was produced by James Sneed. It was edited by Meg Cramer and fact-checked by Sierra Juarez. It was engineered by Debbie Daughtry and Kwesi Lee. Alex Goldmark is Planet Money's executive producer.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
It's … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today's episode: the effects of pay transparency, Meta's big win, and freaky flies and beef. Related episodes: Are we entering a new dawn for antitrust enforcement? Why beef prices are so high For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Tariffs. They've been announced, unannounced, re-announced, raised and lowered. It's an on-going saga with billions at stake!On today's episode, we run full-on at the twisty, turny drama of life with broad-based tariffs and tackle perhaps our most asked question: Are we, regular U.S. shoppers, feeling the tariffs yet? When we're at the grocery store or the coffee shop, are we paying more for things because of the tariffs?We now have the data to get a very clear answer to that question. Plus, we hear a cautionary tale from our dear colleague James Sneed, who ordered a collectible doll and wound up with a surprise tariff bill at his door.Related episodes:Are Trump's tariffs legal? What is Temu?What "Made in China" actually meansPre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This episode was produced by Willa Rubin and edited by Jess Jiang. It was fact-checked by Sierra Juarez with research help from Vito Emanuel. It was engineered by Jimmy Keeley and Maggie Luthar. Alex Goldmark is our executive producer.Music: NPR Source Audio - “Mirror,” “Remorse,” “Endless,” “Secrets,” “Schmaltzy,” “Water Mirror.”Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
When people lose their homes to wildfire, hurricanes or flooding, they're eager to rebuild. But scammers are also ready to take advantage. On today's show, the lucrative business of contractor fraud and advice on how to avoid them. Related episodes:An indicator lost: Big disaster costs When insurers can't get insurance Selling safety in the fight against wildfires For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Corey Bridges. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Foreign automakers already have huge assembly plants in the U.S., but lots of parts and materials come from overseas. To avoid costly tariffs, they gotta buy American. But … How does one meet those suppliers? How do you build a new relationship with them?The answer: Speed dating. Related episodes: The old trade war that brought foreign carmakers to the U.S.Tariffs: What are they good for?For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Tyler Jones. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
The U.S. labor market is stagnant right now, with little hiring and lots of people holding onto their jobs for dear life. In Denmark, there's a different kind of labor system where it's easy for employers to hire and fire, but at the same time people have a strong safety net in-between jobs. Today on the show, we learn how “flexicurity” works through the story of a Danish woman who left her job, and we ask how the model could work in the U.S. Related episodes: Why do we live in unusually innovative times?How Marxism went from philosophy to cudgelOzempic's biggest side effect: Turning Denmark into a 'pharmastate'? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Tyler Jones. Translation from Jasmine Lolila. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Ever put in the winning bid for something on an auction site only to realize you significantly overpaid? Yeah, there's a phrase for that. On today's show: the winner's curse.Richard Thaler's new book with Alex O. Imas is The Winner's Curse: Behavioral Economics Anomalies, Then and Now.Read Planet Money's newsletter on the winner's curse. For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Last month, during the longest government shutdown in U.S. history, Treasury Secretary Scott Bessent announced that the United States had offered to functionally loan Argentina $20 billion. Despite the sums involved, this bailout required no authorization from Congress, because of the loan's source: an obscure pool of money called the Exchange Stabilization Fund. The ESF is essentially the Treasury Department's private slush fund. Its history goes all the way back to the Great Depression. But, in the 90 years since its creation, it has only been used one time at this scale to bailout an emerging economy: Mexico, in 1995. That case study contains some helpful lessons that can be used to make sense of Bessent's recent move. Will this new credit line to Argentina work out as well as it did the last time we tried it? Or will Argentina's economic troubles hamstring the Exchange Stabilization Fund forever?Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This episode was hosted by Keith Romer and Erika Beras. It was produced by Luis Gallo. It was edited by Eric Mennel and fact checked by Sierra Juarez. It was engineered by Cena Loffredo. Alex Goldmark is Planet Money's executive producer.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
It's … Indicators of the Week! We look at some of the most fascinating economic numbers from the news and bring them to you.On today's episode: The cost of living is outstripping wage growth for most of us, the math behind the Trump administration's proposed 50-year mortgages, and how we're just giving Uber and Lyft free money. Related episodes: Trump's plans for the housing market The Money Illusion: Have Americans really gotten a raise? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
The U.S. is committed to bailing out Argentina to the tune of $20 billion using a little known mechanism called the Exchange Stabilization Fund. On today's show, what is this fund, why was it created and does Argentina have any hope of paying it back? Related episodes: Dollarizing Argentina For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
The U.S. Supreme Court may soon rule on President Trump's favorite tariff law. It could render them moot, but that doesn't mean the end of tariffs. On today's show, we explain the president's back-up options for imposing tariffs.Related episodes: Are Trump's tariffs legal? Worst. Tariffs. Ever. Three ways companies are getting around tariffs For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
LionTree's James Lindsay visits the massive studio complex of Merwas in Riyadh, Saudi Arabia (the world's largest music studio, according to Guinness) to converse with Danny Townsend, CEO of SURJ Sports Investment. Danny, who began his career playing football (a/k/a soccer) for Australia's Sydney United Team, had a 26 year-long career on the business side of sport prior to his 2023 appointment as CEO of SURJ. The pair hone in on Danny's broad remit, underlining the “dual mandate” of successfully deploying Saudi Arabia's Public Investment Fund (PIF) in the sports arena, as well as bringing about genuine social change by expanding youth sport participation and maximizing opportunities for female athletes such as Saudi MMA champion, Hattan Alsaif.This podcast is for information purposes only. The opinions and views expressed in this material are solely the participant's personal opinions and do not necessarily reflect the opinions of LionTree or its affiliates. This material should not be copied, distributed, published, or reproduced, in whole or in part, or disclosed by any recipient to any other person without the express written consent of LionTree. The information contained in this material does not constitute a recommendation, offer or solicitation from any LionTree entity to the recipient with respect to the purchase or sale of any security, and LionTree is not providing any financial, economic, legal, investment, accounting, or tax advice through this material or to its recipient. Neither LionTree nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this material and any liability therefore (including in respect of direct, indirect, or consequential loss or damage of any kind whatsoever) is expressly disclaimed. LionTree does not undertake any obligation whatsoever to provide any form of update, amendment, change or correction to any of the information, statements, comments, views, or opinions set forth in this material.Third-party content may be published on LionTree pages in response to this material. Such content is not reviewed by LionTree before it is displayed and LionTree cannot guarantee the accuracy or completeness of such content. The opinions and views expressed by the authors of such third-party content are solely the author's personal opinions and do not necessarily reflect the opinions of LionTree or its affiliates. LionTree reserves the right to remove, alter or edit any third-party content published on LionTree pages. LionTree expressly disclaims any liability (including in respect of direct, indirect, or consequential loss or damage of any kind whatsoever) arising out of, or in connection with, the access or use of any social media platform or LionTree page. Use of a social media platform or LionTree page is at your own risk.Securities of any investment funds managed by LionTree are privately offered to selected investors only by means of each such fund's governing documents and related subscription materials. Listeners and viewers should not assume that companies identified in this audio and/or video are representative of all investments made or recommended by LionTree on behalf of each firm's clients. An investment with LionTree is speculative and involves significant risks including the potential loss of all or a substantial portion of invested capital and the lack of liquidity of an investment. Past performance is not indicative of future results.For further information, please see: https://liontree.com/disclaimer/. If you have questions, please go to https://liontree.com/ and select “Contact.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The World Cup is coming up, and it's going to cost a pretty penny if you are hoping to attend. Today on the show, we talk to NPR Senior Business editor and World Cup superfan about why the 2026 World Cup will likely be the most expensive in history and why even finding a ticket is more difficult. Related episodes: Peacock, potassium and other Paris Olympics IndicatorsWhy the Olympics cost so muchYou can't spell Olympics without IPFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
France has one of the most generous pension systems in the world. But several governments there have collapsed over questions about how the government will fund it. All over the world, aging populations are forcing governments to rethink their assumptions. Today on the show, what France's political fiascos teach all of us about the economics of an aging population, and what a retirement expert's ideal retirement system might look like.Mercer CFA Institute Global Pension Index 2025Related episodes: What would it take to fix retirement? What does the next era of Social Security look like? When Retirement Advice Goes Viral For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
When people in Maine prisons started getting laptops to use in their cells for online classes and homework, it sparked this new idea. Could they have laptops in their cells to work remotely for real outside world jobs, too??? And get real outside world wages?Today on the show, we have reporting from Maine Public Radio's Susan Sharon about a new experiment in prisons: remote jobs … paying fair market wages, for people who are incarcerated. Listen to Susan's original reporting here: - In Maine, prisoners are thriving in remote jobs and other states are taking notice - Cracking the code: How technology and education are changing life in Maine prisons Related episodes: - Fine and Punishment - Getting Out Of Prison Sooner - The Prisoner's Solution - Paying for the Crime Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This episode was hosted by Sarah Gonzalez with reporting from Susan Sharon. It was produced by Sam Yellowhorse Kesler with reporting help from Vito Emanuel. It was edited by Jess Jiang, fact-checked by Sierra Juarez, and engineered by Robert Rodriguez, with help from Patrick Murray. Alex Goldmark is Planet Money's executive producer. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
There's one job that gets all the attention during a government shutdown: air traffic controllers. Today on the show, we spotlight why this job has taken on outsize political influence and one controller's experience during the longest shutdown on record. For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Tyler Jones. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
The “Shiller PE Ratio” is at its highest level since November of 1999. That was at the peak of the online gold rush right before the dot com bubble burst in 2000. Today on the show, we learn what the Shiller PE Ratio is, how it works and whether we should be worried that it's relatively high right now.Related episodes: What's a Bubble?Zombie 2nd mortgages are coming to life, threatening thousands of Americans' homesFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Tyler Jones. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
People in the U.S. are feeling the financial squeeze, in part because of rising inflation, higher consumer prices and slowing job growth. The Indicator from Planet Money is tackling a special series on the rising cost of living. Today, two stories from that series. First, what's making ticket prices go up? We look at the economics behind the ticket market and how “reseller bots” are wreaking all sorts of havoc. The industry is not a fan, and yet they do serve an economic function. And… why pet care costs have surged. It comes down to unique skills, people's love for their pets and something called the “Baumol effect.” Related episodes:The Vet Clinic Chow Down What Do Private Equity Firms Actually Do? Kid Rock vs. The Scalpers Ticket scalpers: The real ticket masters Subscribe to Planet Money+ Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter. This episode is hosted by Darian Woods, Adrian Ma, and Wailin Wong. These episodes of The Indicator were originally produced by Cooper Katz McKim and engineered by Robert Rodriguez. They were fact-checked by Sierra Juarez. Kate Concannon is The Indicator's editor. Alex Goldmark is the Executive Producer. Music: NPR Source Audio - "Wow and Flutter,” “The Groove Carpenter,” and "I Need You"Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Russia's been subject to more than 5,000 sanctions since its invasion of Ukraine. Yet many purported allies of Ukraine are still getting Russian oil — directly or indirectly. On today's show, how governments are straddling the fence and skirting their own sanctions. Related episodes: How the ‘shadow fleet' helps Russia skirt sanctions For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Last month, the Trump administration asked Apple to remove an app from its App Store that crowdsourced sightings of Immigration and Customs Enforcement agents. Today on the show, we explain what an ongoing legal battle involving the developer of the video game Fortnite has to do with Apple's latest move to comply with the Trump administration.Related episodes: How Fortnite brought Google to its kneesThe DOJ's case against AppleApple v EverybodyFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Companies are starting to use AI to interview potential employees. Sound creepy? Well, a new study suggests it might not be all bad.. Today on the show, we look at why a job interview with AI might be preferable to one with a human. ? And Adrian gets grilled by an AI job recruiter named “Anna.” Related episodes: AI creates, transforms and destroys … jobs Fighting AI with AI For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
This week's SNAP crisis is just a preview. Tucked inside the giant tax-cut and spending bill signed by President Donald Trump this summer are enormous cuts to SNAP: Who qualifies, how much they get, and who foots the bill for the program. That last part is a huge change.For the entire history of the food stamp program, the federal government has paid for all the benefits that go out. States pay part of the cost of administering it, but the food stamp money has come entirely from federal taxpayers. This bill shifts part of the costs to states.How much will states have to pay? It depends. The law ties the amount to a statistic called the Payment Error Rate -- the official measure of accuracy -- whether states are giving recipients either too much, or too little, in food stamp money.On today's show, we go to Oregon to meet the bureaucrats on the front lines of getting that error rate down -- and ask Governor Tina Kotek what's going to happen if they can't.Looking for hunger-relief resources? Try here.Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+.Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This episode was hosted by Nick Fountain and Jeff Guo. It was produced by James Sneed and Willa Rubin, edited by Marianne McCune and Jess Jiang, fact-checked by Sierra Juarez, and engineered by Debbie Daughtry and Robert Rodriguez. Alex Goldmark is Planet Money's executive producer.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
It's … Indicators of the…Eek! (Indicators of the Week.) Our regular look at some of the most fascinating economic numbers from the news. On today's episode: How cell phone bans in schools affect grades, white collar workers get the axe, and AHHH! Halloween candy inflation! Related episodes: Are you afraid of inflation? A finance fright fest For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Julia Ritchey and Corey Bridges. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
For decades, the U.S. has been the single biggest source of remittances worldwide. A remittance is a transfer of money, typically from an immigrant to their family in their country of origin. But we are in the middle of a big, loud and very public immigration crackdown on those who are here without legal status. And that crackdown is disrupting the global remittance market. People who have come to the U.S. from a handful of countries — especially some Central American countries — have been sending more money back to their countries of origin. And it's a bit of a puzzle because … you might think the opposite would be the case.As immigration plummets, we try to figure out why remittances are surging in some countries, and not others. And we learn why a surge in money sent home inspires joy — but also fear.Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.Register here for our live Zoom event about our board game project on November 1st.This episode was hosted by Erika Beras and Greg Rosalsky. It was produced by Luis Gallo with help from Sam Yellowhorse Kesler. It was edited by Marianne McCune with fact-checking help from Sierra Juarez. It was engineered by Patrick Murray. Alex Goldmark is Planet Money's executive producer.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
China and India have a long, complicated history. Just a few years ago, there was a spate of armed skirmishes between the two nations. And yet, there are signs of warming relations amidst President Trump's ongoing trade war. Today on the show, is that trade war pushing India toward China? And what could happen if two of the world's largest economies come together? Related episodes: China's trade war perspective What might save China's economy Is the US pushing countries towards China? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Health insurance subsidies are at the center of the current government shutdown. Democrats want to extend some expiring Affordable Care Act/Obamacare subsidies. Obamacare has weathered several political storms since its inception, but how will it fair without those subsidies? Today on the show, death spirals and the future of Obamacare.Related episodes: The hidden costs of healthcare churn How doctors helped tank universal healthcare For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
If/Then: Research findings to help us navigate complex issues in business, leadership, and society
This week on If/Then, we're sharing an episode of What's Your Problem?, a show from Pushkin Industries where entrepreneurs, engineers, and scientists talk about the future they're trying to build—and the problems they must solve to get there. Hosted by former Planet Money co-host Jacob Goldstein, each conversation explores the challenges and breakthroughs shaping the next wave of innovation.In this episode, Goldstein speaks with Fei-Fei Li, Stanford computer scientist, former Chief Scientist of AI and Machine Learning at Google, and one of the most influential figures in the field of computer vision. Li reflects on her pioneering work developing ImageNet, the massive dataset that helped spark the modern AI revolution, and the “north star” questions that have guided her research from neuroscience to machine learning.Together, they trace how a single insight about how humans see the world led to a paradigm shift in artificial intelligence—and how Li's vision continues to shape the way we teach machines to see, learn, and collaborate with us.More Resources: • Fei Fei Li • Stanford Institute for Human-Centered Artificial Intelligence (HAI) • ImageNet • What's Your Problem?If/Then is a podcast from Stanford Graduate School of Business that examines research findings that can help us navigate the complex issues we face in business, leadership, and society.Chapters: (00:00:00) Introducing “What's Your Problem?” Kevin Cool introduces the Pushkin Industries podcast hosted by Jacob Goldstein.00:00:45 — What Is Computer Vision? Jacob Goldstein and Fei-Fei Li explain how machines learn to see and interpret images.00:03:18 — Real-World Uses of AI Vision Li shares examples from healthcare, robotics, and environmental science.00:05:06 — Discovering the Science of SeeingHow human vision research inspired Li's lifelong “north star” in AI.00:09:56 — Creating ImageNet Li builds a massive image database that transforms computer vision research.00:13:29 — Defining 30,000 Visual Concepts How cognitive science helped shape ImageNet's massive scale.00:16:41 — Building the Dataset by HandLi's team uses global crowdsourcing to label millions of images.00:19:38 — The 2012 Breakthrough Jeff Hinton's neural network shatters records and sparks the deep learning era.00:22:19 — Data Meets Hardware Li reflects on how big data and GPUs converged to power modern AI.00:24:55 — Lightning Round with Fei-Fei Li Quick insights on resilience, mentorship, and the future of human-AI collaboration.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Republican politicians like to use the term ‘Marxist' to criticize Democrats. Lately, they've dubbed New York City mayoral candidate a ‘Marxist' despite him identifying himself as a democratic socialist. Today on the show, we dig into what ‘Marxism, as an economic term,' actually means.Related episodes: Socialism 101Even the facts are polarizedFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
It's hard for young tech workers to find a job, even with the AI buildout bonanza. This has spawned a curious worldview that fears AI is coming for our jobs and a drive to be at the top of the AI food chain. This, tech writer Jasmine Sun believes, is revealed in the emerging dialect of Silicon Valley tech workers. Today on the show, San Francisco slang. Jasmine Sun takes us on a tour of high-agency 996ers and NPCs to see what it could mean for our present and our future.Related episodes: No AI data centers in my backyard!How much is AI actually affecting the workforce?For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
The U.S. Constitution famously outlaws “cruel and unusual punishments.” But there's another, far more obscure part of the Constitution called the Excessive Fines Clause, which basically says that the fine has to fit the crime. So far, the Supreme Court has been pretty mysterious about what that means. But for Ken Jouppi, the fate of his $95,000 plane hinges on it.Ken is a bush pilot. He used to run an air taxi service in Fairbanks, Alaska. In 2012, police caught one of Ken's passengers with a six-pack of Budweiser in her luggage. Over that six-pack, Ken was convicted of bootlegging. As punishment, he was ordered to forfeit his $95,000 Cessna.The Supreme Court is now considering whether to take Ken's case. And what's at stake here is more than just a plane. Hanging in the balance is an increasingly popular — and controversial — business model for criminal justice.More on economics and the law: - Fine and punishment - The prisoner's solution - Paying for the crime - Rescues at sea, and how to make a fortunePre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.Today's episode was produced by James Sneed and Sam Yellowhorse Kesler with help from Luis Gallo. It was edited by Jess Jiang, fact-checked by Sierra Juarez and engineered by Ko Tagasugi Chernovin with help from Robert Rodriguez. Planet Money's executive producer is Alex Goldmark.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
It's … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today's episode: the Amazon global internet outage, Americans plan to siphon their Social Security checks early, and Mann, we love some Heat 2. Related episodes: What does the next era of Social Security look like? Why aren't filmmakers shooting in LA? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Julia Ritchey Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Ticketmaster's CEO says that concert tickets are underpriced. But from inflation to bots to unscrupulous resellers, the market for tickets feels out of control to many fans. Can anything be done?Today on the show: Ticket resellers, a new law in Maine, and a T-shirt cannon. Related episodes:Ticket scalpers: The real ticket masters Ticketmaster's dominance, Caitlin Clark's paycheck, and other indicatorsFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
When TikTok videos started to go viral on Instagram and Reddit, TikTok turned to professional sound designers to protect their content.More and more companies are paying to develop a “sonic identity” – a series of sounds, songs, and micro-jingles to help maintain a unified brand.In this episode, in conjunction with the sound design podcast Twenty Thousand Hertz, we hear the backstory to possibly the most successful audio branding campaigns in history. It's a tale of guerilla marketing and the power of sonic suggestion.Pre-order the Planet Money book, and get a free gift / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This adapted episode was hosted by Kenny Malone and Dallas Taylor. It was produced by Casey Emmerling and James Sneed. The episode was edited by Jess Jiang. Alex Goldmark is our Executive Producer.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
In the rush to power AI, data centers are popping up in small communities across the U.S. But a growing backlash against this build-out is pitting communities against developers over energy prices and water use. Today on the show, one Michigan community's fight to stop a data center and what it means for Big Tech. Related episodes: What $10B in data centers actually gets you Is AI overrated or underrated? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Quarterly earnings reports are a long-standing requirement for public companies in the U.S. But the Trump administration wants to axe quarterly releases and just release them twice a year. And there is evidence to suggest this could be better in the long run for companies and investors. On today's show, we look at the potential benefits and trade-offs of changing how often companies report their financial results. Related episodes: Can shareholders influence Elon Musk's trillion dollar pay package? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Since 2020, the cost of veterinary care has increased about 40%—almost twice the rate of inflation. As a result, many pet owners say they've skipped necessary vet care. So, what's going on here? A veterinarian, and a lesser-known economic theory, have some answers. Related episodes: The Vet Clinic Chow Down What Do Private Equity Firms Actually Do? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Bjarne Caesar Skinnerup works as a maritime pilot in the straits of Denmark. That means he's used to seeing oil tankers. But after the start of the war in Ukraine, the tankers started getting weird. They were flying flags he'd never seen before. They were old, very old, though many had taken on new names. Something was off. He'd stumbled on a shadow fleet of hundreds of tankers ferrying sanctioned oil out of Russia … with near impunity. Today on the show, how those ships are transforming the global oil market and fueling the war in Ukraine. And why this all might be a financial and environmental disaster waiting to happen.Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This episode was hosted by Alexi Horowitz-Ghazi and Daniel Ackerman. It was produced by Willa Rubin and edited by Marianne McCune. It was fact-checked by Sierra Juarez and engineered by Kwesi Lee and Cena Loffredo. Alex Goldmark is our executive producer.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
It's … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today's episode: Frozen and canceled federal dollars, America's intensifying tit-for-tat with China, and a sloppy trend infiltrating the music business. (With a pocket full of shells.)Related episodes: China's trade war perspective Fighting AI with AI For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Corey Bridges. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
There have been many headline-grabbing AI deals recently: Nvidia investing up to $100 billion in OpenAI. OpenAI promising to buy $300 billion worth of computing power from Oracle. Oracle buying tons of chips from Nvidia. But … where's the money coming from? Is all this AI overhype … a bubble? On today's show, how money flows in the AI hyperscaling flood. Related episodes: Is AI overrated? Is AI underrated? The messy human drama behind OpenAI For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
In 1975, New York City ran out of money. For a decade it had managed to pay for its hundreds of thousands of city employees and robust social services by taking on billions of dollars in debt. But eventually investors were no longer willing to lend the city any more money. New York teetered on the edge of bankruptcy — the city shuttered more than a dozen firehouses, teachers went on strike and garbage piled up in the streets.Rescuing the city required the cooperation of the state of New York, the banks, the city workers unions, giant property owners and … the White House. But President Gerald Ford was adamantly opposed to bailing out NYC, prompting the famous New York Daily News headline — “Ford to City: Drop Dead.”On today's show, the story of a group of private citizens who were deputized by the state of New York to try to save the city's finances. Led by investment banker Felix Rohatyn, the group had to put together a grand bargain that everyone would be willing to agree to, and to come up with the billions of dollars the city needed to survive.Pre-order the Planet Money book and get a free gift / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.Today's episode of Planet Money was hosted by Keith Romer and Nick Fountain. It was produced by James Sneed with help from Sam Yellowhorse Kesler and Julia Ritchey. It was edited by Jess Jiang, fact-checked by Sierra Juarez, and engineered by Debbie Daughtry and Cena Loffredo. Our executive producer is Alex Goldmark.Special Thanks: Denis Coleman, David Schleicher, Liall Clarke, Kevin Hennigan and everyone at Classical King FM in Seattle.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
From drones to body armor to bulletproof whiteboards, companies are offering schools a multitude of products to try to deter or protect against the next school shooting. But does any of this stuff work? On today's show, a look inside the school shooting industry. What's for sale and the psychology behind the growing industry.Related episodes: Why are so many public schools closing? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
For most of human history, economic growth was, well, pretty bleak. But around the Enlightenment, things started clicking. This year's Nobel Memorial Prize in Economic Sciences went to a trio of researchers whose work focuses on how technological progress led to this sustained economic growth. Today we hear from one of them, Joel Mokyr, about his work on European economic history. Related episodes: Why are some nations richer? (2024 Economics Nobel) A conversation with Nobel laureate Claudia Goldin (2023 Economics Nobel) When Luddites attack (Update) (Featuring Joel Mokyr) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
The U.S. government spends a ton of money, on everything from Medicare to roads to defense. In fact, it spends way more than it takes in. So…it borrows money, in the bond market. By selling U.S. Treasurys, basically IOUs with periodic interest payments. And for decades, people have loved to invest in Treasurys, for their safety and security. But lately, Treasurys have started to look riskier. In part because, in recent years, there's a new buyer at the table: hedge funds, those loosely-regulated financial companies that invest on behalf of institutions and wealthy clients. They have started doing a special trade called the “Treasury basis trade.” And, depending on who you talk to, this trade could destabilize our entire financial system. Or help the U.S. government borrow more money. Or both. On the latest episode: how and why are hedge funds getting into Treasurys? We follow how a Treasury travels from the nest into the hands of hedge funds. And we speak to someone from one of those hedge funds, about what they're doing and why.Pre-order the Planet Money book, and get a free gift / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This episode was hosted by Mary Childs and Kenny Malone. It was produced by Willa Rubin and edited by Marianne McCune. It was fact-checked by Sierra Juarez and engineered by Jimmy Keeley and Cena Loffredo. Alex Goldmark is our Executive Producer. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
As Vice Week wraps up here at The Indicator, we wanted to take a slightly different perspective on the evolving business of crime and take a look at TRUE crime. As in the genre. Because look, people are obsessed with it! Today on the show, our hosts favorite pieces of true crime content. Darian Woods: The Economist's Scam Inc.Wailin Wong: Wednesday Journal's A tangled mess Adrian Ma: Philadelphia Inquirer's Dime Heist story Related episodes: Fighting AI with AI What's supercharging data breaches? When cartels start to diversify For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Market manipulation is an age-old issue. People trying to make money off unsuspecting investors by artificially influencing the price of a stock, say. But what happens when the one manipulating markets isn't human? This week on The Indicator from Planet Money, we bring you five episodes digging into the evolving business of crime. Today on the show, we hear how AI could spell mischief for the markets, and why the law is already behind in preventing it.Related episodes: How much is AI actually affecting the workforce? Shorters Gonna Short For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Pre-order the Planet Money book here for your free gift. Our sister show, The Indicator, is chronicling the evolving business of crime for its Vice Week series. Today, we bring to you two cases of crime in the age of AI. First, cybercriminals are using our own voices against us. Audio deepfake scams are picking up against individuals but also against businesses. We hear from a bank on how they're adapting defenses, and find out how the new defenses are a game of AI vs AI. Then, we move over to the stock market to witness AI market manipulation. A new breed of trading bots behave differently. They could collude with each other, even without human involvement or instruction, so researchers are asking how to think about blame, and regulation in a world of more sophisticated trading bots. That's assuming regulators could even keep up with the tech in the first place. Indicator Vice Series Head to The Indicator from Planet Money podcast feed for the latest on the Indicator Vice Series including an episode on data breaches . If you don't already subscribe, check it out. Each episode explains one slice of the economy connected to the news recently, always in 10 minutes or less. Subscribe to Planet Money+ Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter. This episode is hosted by Darian Woods, Adrian Ma, and Wailin Wong. These episodes of The Indicator were originally produced by Cooper Katz McKim and engineered by Robert Rodriguez. They were fact-checked by Sierra Juarez. Kate Concannon is The Indicator's editor. Alex Goldmark is the Executive Producer. Music: NPR Source Audio - “Diamond High” Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
The Sinaloa Cartel made the bulk of its money on cocaine. But cartels are diversifying into new operations including things like wildlife trafficking. Think sharks, jaguars, capybaras. The result is something called “narco-degradation.” On today's show, we look at what's driving cartels beyond drugs and how this is wreaking havoc on ecosystems in Central America.Related episodes: Can breaking the law be good for business? Waste Land Will Economic Growth Destroy the Planet? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
It may seem like data breaches have gotten a heck of a lot more common. Well, there's something to that. The bad guys are getting badder faster than the good guys are getting better. This week, we're bringing you five episodes on the evolving business of crime. Today on the show, we look at why the evolution of data breaches has been supercharged and why you don't have to be a hacker to get into the game.Related episodes: Are data breaches putting patients at risk? So your data was stolen in a data breachFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez and Tyler Jones. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
With only several seconds of audio, someone can clone a victim's voice, call their bank, and potentially get access to … everything. Vocal deepfakes have gotten very good, but so has the technology to fight back. This week on The Indicator we're gonna bring you a special series on the evolving business of crime. In this episode, we hear from the company helping banks beat deepfakes, and we learn about the efforts to protect us all from AI voice fraud. Related episodes: Can you copyright artwork made using AI? AI creates, transforms and destroys... jobs For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
It's here! It's free to download and playtest! It's the Planet Money game! (Download here.)Download and playtest the game go here Sign up for the 11/1 virtual AMA event and get updates about the gameSubmit your feedback on the gameWatch the how-to video with Kenny and Elan for playtest instructionsIn this episode, the story of how we arrived here. Ride along as our game-making partners at Exploding Kittens help us turn our (sometimes wild) economics game ideas into the next blockbuster game. It's a behind the scenes look at how to design a game from scratch — a game that is somehow filled with economics, impossible to put down, but does not feel like you're cramming for school. Which is… harder than we thought.After months of trying to find the perfect balance of ideas and entertainment, the Planet Money game is ready for our next phase. And that's where you come in, listeners! We need you to playtest the Planet Money game to help us perfect it.Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This episode was hosted by Kenny Malone and Erika Beras. It was produced by James Sneed with help from Emma Peaslee and edited by Jess Jiang. It was fact-checked by Sierra Juarez and engineered by Cena Loffredo. Alex Goldmark is Planet Money's executive producer.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy