Podcast appearances and mentions of Stephanie Flanders

Synopsis:  Stephanie Flanders, a leading economics expert, joins her sister Laura to examine the state of social democracy and the impact of business on our lives, asking whether the current system is broken and what alternatives might offer a more equitable future.This show is made possible by you! To become a sustaining member go to https://LauraFlanders.org/donate Thank you for your continued support!Description:   Is the West's experiment with social democracy over? Is survival of the richest our fate? In this episode, sisters Laura and Stephanie Flanders hold their annual check-in, this time from St. James Park in London, to delve into the details of the many politico-economic issues dominating and driving the news. Stephanie Flanders, an economics expert of renown, is the Head of Economics and Government at Bloomberg and the host of “Trumponomics”, the weekly Stephanomics podcast that looks at the president's economic policies and plans. Join Laura and Stephanie as they discuss how business impacts every aspect of our lives. Are we going backwards, or are there models like community wealth building that we can look to for economic transformation?Guests:  Stephanie Flanders, Head Economics & Government, Bloomberg Music Credit: “Politics Don Expose Them” by Femi Kuti from their latest album Journey Through Life released on Partisan Records..  "Steppin" by Podington Bear. And original sound production and design by Jeannie Hopper. RESOURCES:Watch the broadcast episode cut for time at our YouTube channel and airing on PBS stations across the country Full Episode Notes are located HERE.Related Laura Flanders Show Episodes:•  Stephanie Flanders on A Trump Economy & What to Watch in The Ultimate Election Year, Watch / Listen-Podcast:  Episode, Full Conversation•  Laura & Stephanie Flanders Unpack Inflation, Silicon Valley Bank Crash and Democracy: Watch / Listen-Podcast:  Episode, Full Conversation•  Solving Economic Inequality: An Occupy Movement for this Moment?:  Watch / Listen-Podcast:  Episode, Full Conversation•  Antitrust Action with Stacy Mitchell & Matt Stoller: A Bipartisan Battle Against Monopoly Power: Watch / Listen-Podcast:  Episode, Full ConversationRelated Articles and Resources:• Trumponomics Podcast, hosted by Stephanie Flanders, Bloomberg•  Reaganomics and its supply-side ideology are still failing us, Opinion by Michael Miles, April 25,2025, Cleveland•  Now is the time for a bold new UK-EU relationship, commentary by Hugo Dixon, April 7, 2025, Reuters Watch the episode released on our YouTube channel April 25th 5pm ET;  PBS World Channel April 27th, and on over 300 public stations across the country (check your listings) and airing on community radio & available as a podcast April 30th, and the podcast of the full uncut conversation released April 25th. Laura Flanders and Friends Crew: Laura Flanders, along with Sabrina Artel, Jeremiah Cothren, Veronica Delgado, Janet Hernandez, Jeannie Hopper, Gina Kim, Sarah Miller, Nat Needham, David Neuman, and Rory O'Conner. FOLLOW Laura Flanders and FriendsInstagram: https://www.instagram.com/lauraflandersandfriends/Blueky: https://bsky.app/profile/lfandfriends.bsky.socialFacebook: https://www.facebook.com/LauraFlandersAndFriends/Tiktok: https://www.tiktok.com/@lauraflandersandfriendsYouTube: https://www.youtube.com/channel/UCFLRxVeYcB1H7DbuYZQG-lgLinkedin: https://www.linkedin.com/company/lauraflandersandfriendsPatreon: https://www.patreon.com/lauraflandersandfriendsACCESSIBILITY - The broadcast edition of this episode is available with closed captioned by clicking here for our YouTube Channel

Synopsis- Was the social democracy model of the 20th century just a blip? This week, Laura invites her sister Stephanie Flanders, Head of Economics and Government at Bloomberg, back to the program to discuss today's politico-economic issues and where American democracy stands.This show is made possible by you! To become a sustaining member go to https://LauraFlanders.org/donate Thank you for your continued support!Description:  Is the West's experiment with social democracy over? Is survival of the richest our fate? In this episode, sisters Laura and Stephanie Flanders hold their annual check-in, this time from St. James Park in London, to delve into the details of the many politico-economic issues dominating and driving the news. Stephanie Flanders, an economics expert of renown, is the Head of Economics and Government at Bloomberg and the host of “Trumponomics”, the weekly Stephanomics podcast that looks at the president's economic policies and plans. Join Laura and Stephanie as they discuss how business impacts every aspect of our lives. Are we going backwards, or are there models like community wealth building that we can look to for economic transformation?Guests:  Stephanie Flanders, Head Economics & Government, Bloomberg RESOURCES:Watch the broadcast episode cut for time at our YouTube channel and airing on PBS stations across the country Full Episode Notes are located HERE.Related Laura Flanders Show Episodes:•  Stephanie Flanders on A Trump Economy & What to Watch in The Ultimate Election Year, Watch / Listen-Podcast:  Episode, Full Conversation•  Laura & Stephanie Flanders Unpack Inflation, Silicon Valley Bank Crash and Democracy: Watch / Listen-Podcast:  Episode, Full Conversation•  Solving Economic Inequality: An Occupy Movement for this Moment?:  Watch / Listen-Podcast:  Episode, Full Conversation•  Antitrust Action with Stacy Mitchell & Matt Stoller: A Bipartisan Battle Against Monopoly Power: Watch / Listen-Podcast:  Episode, Full ConversationRelated Articles and Resources:• Trumponomics Podcast, hosted by Stephanie Flanders, Bloomberg•  Reaganomics and its supply-side ideology are still failing us, Opinion by Michael Miles, April 25,2025, Cleveland•  Now is the time for a bold new UK-EU relationship, commentary by Hugo Dixon, April 7, 2025, Reuters Watch the episode released on our YouTube channel April 25th 5pm ET;  PBS World Channel April 27th, and on over 300 public stations across the country (check your listings) and airing on community radio & available as a podcast April 30th. Full Conversation Release: While our weekly shows are edited to time for broadcast on Public TV and community radio, we offer to our members and podcast subscribers the full uncut conversation. These audio exclusives are made possible thanks to our member supporters.  Become a sustaining member or make it monthly. All the details are at:  https://LauraFlanders.org/Donate Laura Flanders and Friends Crew: Laura Flanders, along with Sabrina Artel, Jeremiah Cothren, Veronica Delgado, Janet Hernandez, Jeannie Hopper, Gina Kim, Sarah Miller, Nat Needham, David Neuman, and Rory O'Conner. FOLLOW Laura Flanders and FriendsInstagram: https://www.instagram.com/lauraflandersandfriends/Blueky: https://bsky.app/profile/lfandfriends.bsky.socialFacebook: https://www.facebook.com/LauraFlandersAndFriends/Tiktok: https://www.tiktok.com/@lauraflandersandfriendsYouTube: https://www.youtube.com/channel/UCFLRxVeYcB1H7DbuYZQG-lgLinkedin: https://www.linkedin.com/company/lauraflandersandfriendsPatreon: https://www.patreon.com/lauraflandersandfriendsACCESSIBILITY - The broadcast edition of this episode is available with closed captioned by clicking here for our YouTube Channel

Donald Trump's baseline 10% tariffs come into force. Today, we're back to tariffs. Now that the Trump administration's baseline 10% import tariffs have come into effect, what comes next for the global, US and UK economies? Laura is joined by Americast's Justin Webb and Stephanie Flanders, former BBC economics editor now at Bloomberg, to crunch the numbers and the politics driving them. You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://discord.gg/m3YPUGv9 New episodes are released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bit.ly/3ENLcS1 Newscast brings you daily analysis of the latest political news stories from the BBC. It was hosted by Laura Kuenssberg. It was made by Jon Bithrey and Bella Saltiel. The technical producer is Gareth Jones. The assistant editor is Chris Gray. The editor is Sam Bonham.

Alex Forsyth presents political debate from The Commemoration Hall, Huntingdon.

Joining Iain Dale on Cross Question, following Chancellor Rachel Reeves' Spring Statement, are the Conservatives' Shadow Chief Secretary to the Treasury Richard Fuller, Labour MP and Treasury Select Committee chair Dame Meg Hillier, Bloomberg economics journalist Stephanie Flanders and the businessman and markets commentator David Buik.

Iain sits down with the Chancellor Rachel Reeves inside her Downing Street office for an exclusive interview, following her Spring Statement.Joining Iain Dale on Cross Question are the Conservatives' Shadow Chief Secretary to the Treasury Richard Fuller, Labour MP and Treasury Select Committee chair Dame Meg Hillier, Bloomberg economics journalist Stephanie Flanders and the businessman and markets commentator David Buik.

Today, James and Chris are joined by Lucy Fisher from the FT and Stephanie Flanders from Bloomberg to discuss; whether the Prime Minister can convince the public that an increase in defence spending is needed, how the benefit cuts are being received and what to expect from the spring statement. You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://discord.gg/m3YPUGv9New episodes released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bit.ly/3ENLcS1 Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by James Cook. It was made by Jack Maclaren with Anna Harris. The technical producer was Mike Regaard. The assistant editor is Chris Gray. The editor is Sam Bonham.

German Chancellor Olaf Scholz discusses his view on how Europe should respond to the threat of tariffs from the United States and his approach to the region's fiscal rules. He speaks with Bloomberg's Stephanie Flanders at the Munich Security Conference.See omnystudio.com/listener for privacy information.

On today's episode, Bloomberg's Michael Heath discusses the latest on planned discussions between Russia and the United States to bring an end to the Russia-Ukraine War. Fred Neumann, Chief Asia Economist at HSBC, shares his market outlook amid boiling global trade tensions. Plus - German Chancellor Olaf Scholz sits down with Bloomberg to discuss tariffs. He speaks with Stephanie Flanders, Head of Economics and Government for Bloomberg News.See omnystudio.com/listener for privacy information.

George Parker of the Financial Times assesses the latest developments at Westminster Following the inauguration of Donald Trump George is joined by Sir Simon Fraser, the former permanent secretary at the Foreign Office and Chair of the Foreign Affairs think tank Chatham House, and Michael Gove, the former Conservative cabinet minister and now editor of the Spectator. They discuss the impact of the Trump on international politics.As Rachel Reeves visits Davos for the World Economic Forum, George discusses the Chancellor's efforts to win business confidence with the director general of the CBI, Rain Newton-Smith, and the Head of Bloomberg Economics, Stephanie Flanders. The teenager who murdered 3 young girls in Southport was sentenced this week. The question for many is what - if anything - can be done to stop this kind of tragedy happening in future? George discusses this with former Labour MP John Woodcock, who is now the crossbench peer Lord Walney. He is also the government's independent adviser on political violence and disruptionFollowing the temporary closure of Strangers' Bar in Parliament over an alleged spiking incident, George is joined by Francis Elliott, the Editor of the House Magazine, and Cat Eccles, the newly elected Labour MP for Stourbridge, to discuss the drinking culture at Westminster.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.See omnystudio.com/listener for privacy information.

Adam and Chris are joined by Stephanie Flanders, head of economics and politics at Bloomberg, and Lucy Fisher, Whitehall editor at the Financial Times, to discuss all the political news of the week. They discuss an increasingly heated debate about assisted dying legislation, the chancellor announcing “the biggest pension reform in decades” and President-elect Trump announcing more details of his team. You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://tinyurl.com/newscastcommunityhere Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Adam Fleming. It was made by Jack Maclaren with Anna Harris . The technical producer was Philip Bull. The assistant editor is Chris Gray. The editor is Sam Bonham.

In this episode we bring you Nick's full interview with the Chancellor after she delivered the first Labour Budget since 2010.Later Nick will be joined by former BBC economics editor Stephanie Flanders and economist Tim Leunig to unpick what was in the Budget and what she said in the interview. That will be available on Thursday afternoon.To make sure you don't miss it subscribe to The Today Podcast on BBC Sounds so you get an alert every time we release a new episode. You can also listen any time on your smart speaker by saying “Smart Speaker, ask BBC Sounds to play The Today Podcast.”The Today Podcast is hosted by Amol Rajan and Nick Robinson, both presenters of BBC Radio 4's Today programme, the UK's most influential radio news programme. Amol was the BBC's media editor for six years and is the former editor of the Independent, he's also the current presenter of University Challenge. Nick has presented the Today programme since 2015, he was the BBC's political editor for ten years before that and also previously worked as ITV's political editor.The senior producer is Lewis Vickers and the producer is Nadia Gyane. The editor is Louisa Lewis. The executive producer is Owenna Griffiths.

How will the first Budget by a female chancellor and the first from a Labour government since 2010 be remembered? Nick is joined by Stephanie Flanders, head of economics and politics at Bloomberg, and Professor Tim Leunig from the London School of Economics, who advised two Conservative chancellors. Together they dig deeper into the Budget following Nick's interview with Rachel Reeves on the Today programme. Plus Amol takes a break from half term childcare to give us his reflections. The Today Podcast comes out once a week. It's hosted by Amol Rajan and Nick Robinson who are both presenters of BBC Radio 4's Today programme. Amol was the BBC's media editor for six years and is the former editor of the Independent, he's also the current presenter of University Challenge. Nick has presented the Today programme since 2015, he was the BBC's political editor for ten years before that and also previously worked as ITV's political editor. To get Amol and Nick's take on the biggest stories and insights from behind the scenes at the UK's most influential radio news programme make sure you subscribe on BBC Sounds. That way you'll get an alert every time we release a new episode and you won't miss our extra bonus episodes either. You can also listen to the latest episode of The Today Podcast any time on your smart speaker by saying “Smart Speaker, ask BBC Sounds to play The Today Podcast.” If you have a question you'd like Amol and Nick to answer, get in touch by sending us a message on WhatsApp to +44 330 123 4346 or email us Today@bbc.co.uk The senior producer is Lewis Vickers, the producer is Nadia Gyane, research and digital production from Joe Wilkinson. The editor is Louisa Lewis. The executive producer is Owenna Griffiths. Technical production from Gareth Jones.

Joining Iain Dale on Cross Question this evening are Independent MP and former Labour leader Jeremy Corbyn, Conservative MP and shadow education secretary Damian Hinds, economist and journalist Stephanie Flanders and luxury hotelier Sir Rocco Forte.

Are you a Budget winner or loser?Joining Iain Dale on Cross Question this evening are Independent MP and former Labour leader Jeremy Corbyn, Conservative MP and shadow education secretary Damian Hinds, economist and journalist Stephanie Flanders and luxury hotelier Sir Rocco Forte.

Adam, Chris, Paddy and Stephanie Flanders from Bloomberg discuss potential changes to inheritance tax which could be coming at the budget, why the Foreign Secretary is heading to China and look at the last few weeks of campaigning in the US Presidential election. You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://tinyurl.com/newscastcommunityhere Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Adam Fleming and Chris Mason. It was made by Jack Maclaren with Anna Harris. The technical producer was Mike Regaard. The assistant editor is Chris Gray. The editor is Sam Bonham.

With less than one month left before America's pivotal election, Christiane speaks with Bloomberg's Stephanie Flanders and The New York Times' Mark Landler about how disinformation is shaping a highly contested race, with Democrats anxious in key swing states. Cate Blanchett and Alfonso Cuarón sit down with Christiane in London to discuss "Disclaimer*", the psychological thriller series in which Christiane makes a cameo appearance, and dive into the show's themes of truth and deception. Christiane also revisits her reporting on the status of Afghan women just one year after the U.S. toppled the Taliban, and shows how 23 years later things have gone even further backwards, with Afghan women still fighting against the Taliban's misogyny and gender apartheid, even while in exile. Finally, director Steve McQueen speaks with Christiane about his new WWII film, "The Blitz", focusing on the stories of ordinary people separated by war. Learn more about your ad choices. Visit podcastchoices.com/adchoices

George Parker of the Financial Times analyses the week's political developments at Westminster.In the week of Sir Keir Starmer's 100 days in Number Ten, the former deputy chief of staff to David Cameron, Baroness Kate Fall, and Tony Blair's former director of political operations, John McTernan, discuss the political fallout of the resignation of the Prime Minister's chief of staff, Sue Gray.To discuss the forthcoming budget George is joined by former Treasury minister and crossbecnh peer, Lord O'Neill and the Head of Bloomberg Economics, Stephanie Flanders. Following his retirement from the House of Lords, the Labour politician and founding member of the Social Democratic Party, Lord Owen, discusses his life in politics. Two former Conservative MPs, David Gauke and Miriam Cates discuss the latest in the Conservative leadership contest.

French President Emmanuel Macron discusses Europe's role in a multipolar future. Macron spoke in an exclusive conversation at the Berlin Global Dialogue event hosted by Bloomberg's Stephanie Flanders.See omnystudio.com/listener for privacy information.

What happens after the Kamala Harris honeymoon? Is a hopeful, reenergized Democratic Party enough? And is Harris convincing voters that her policies hold up, particularly on the economy? Stephanie Flanders and Leslie Vinjamuri debrief Christiane on the DNC and the road ahead for the Harris campaign. Jack Antonoff - music producer to the stars - - talks about closing out London with Taylor Swift, and his band's new album. Bonded by triumph and tragedy. Tennis legends Martina Navratilova and Chris Evert discuss their unique friendship. As Ukraine fights further into Russian territory and celebrates Independence Day this weekend, from Christiane's archive - the resilience and sacrifice of its people since the war began. And finally, the civil rights icon replacing a century-old confederate monument. Learn more about your ad choices. Visit podcastchoices.com/adchoices

It's been a cathartic week in Chicago for Democrats, who will wrap their convention tonight with the historic nomination of Vice President Kamala Harris. But well before the last balloon falls, Democrats are steeling themselves for a tough fight ahead, especially when it comes to the economy. Stephanie Flanders is the Head of Economics coverage at Bloomberg, and Leslie Vinjamuri is Director of the US and Americas program at the international affairs think tank Chatham House. They join Christiane to discuss what policy and messaging Harris needs in the next 75 days.  Also on today's show: Jonathan Blitzer, Author, "Everyone Who Is Gone Is Here"; tennis icons Chris Evert and Martina Navratilova  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Merryn and John are still OOO, enjoying their summer break, so on today's episode, we bring you a conversation between Stephanie Flanders and author and journalist Anne Applebaum about her latest book Autocracy, Inc: The Dictators Who Want to Run The World. She says a network of dictators from China to Venezuela could be the beneficiaries of a welcoming White House should Donald Trump win the US election come November and warns that the self-proclaimed dealmaker and convicted felon's foreign policy may be more personal and even less predictable in a second term. See omnystudio.com/listener for privacy information.

While our weekly shows are edited to time for broadcast on Public TV and community radio, we offer to our members and podcast subscribers the full uncut conversation.  The following is from our episode  featuring Stephanie Flanders, on A Trump Economy & What to Watch in The Ultimate Election Year. These audio exclusives are made possible thanks to our member supporters.   Just in time for election season, Laura invites her sister Stephanie back to the program. Stephanie is the head of Economics and Government at Bloomberg News and head of Bloomberg Economics. Sixty-four countries (plus the European Union) — nearly half of the world's population — are facing an election this year. Some are calling 2024 “The Ultimate Election Year”, but what should we look out for? Stephanie Flanders says now is the time journalists and voters are called upon to think about the long-term issues facing their country and the world, and consider what each candidate might propose. With Donald Trump, a lot is guesswork, but Bloomberg's been running the numbers on inflation and debt - both of which are predicted to go up under the former president. Meanwhile, what exactly is Bidenomics? “Voternomics”, the newly-rebooted “Stephanomics” podcast has just launched. It will be looking at the intersection of geopolitics and the economy. In this insightful one-on-one discussion taped at the CUNY TV studios in NYC, Stephanie and Laura Flanders talk economics, elections, and a little bit about tug-of-war.  All that, plus a commentary from Laura.  Laura Flanders & Friends becomes Laura Flanders & Family this time.Full Episode Notes are accessible to all at Patreon.  Laura Flanders and Friends Crew: Laura Flanders, Sabrina Artel, David Neuman, Nat Needham, Rory O'Conner, Janet Hernandez, Sarah Miller, Jeannie Hopper, Nady Pina, and Jordan Flaherty FOLLOW Laura Flanders and FriendsInstagram: https://www.instagram.com/lauraflandersandfriends/Twitter: https://twitter.com/LFAndFriendsFacebook: https://www.facebook.com/LauraFlandersAndFriends/Tiktok: https://www.tiktok.com/@lauraflandersandfriendsYouTube: https://www.youtube.com/channel/UCFLRxVeYcB1H7DbuYZQG-lgLinkedin: https://www.linkedin.com/company/lauraflandersandfriendsPatreon: https://www.patreon.com/lauraflandersandfriendsACCESSIBILITY - The broadcast edition of this episode is available with closed captioned by clicking here for our YouTube Channel

We're in the midst of our May Day to Memorial Day membership drive.  We're asking you to join us in raising $25,000 - the cost to produce one episode.  Please contribute by making a one-time donation or make it monthly, goto lauraflanders.org/donate   As Angela says, "when vast numbers of people come together . . . this is how change happens."  Please come together with us now!  Thanks for listening and thanks for your continued support. Just in time for election season, Laura invites her sister Stephanie back to the program. Stephanie is the head of Economics and Government at Bloomberg News and head of Bloomberg Economics. Sixty-four countries (plus the European Union) — nearly half of the world's population — are facing an election this year. Some are calling 2024 “The Ultimate Election Year”, but what should we look out for? Stephanie Flanders says now is the time journalists and voters are called upon to think about the long-term issues facing their country and the world, and consider what each candidate might propose. With Donald Trump, a lot is guesswork, but Bloomberg's been running the numbers on inflation and debt - both of which are predicted to go up under the former president. Meanwhile, what exactly is Bidenomics? “Voternomics”, the newly-rebooted “Stephanomics” podcast has just launched. It will be looking at the intersection of geopolitics and the economy. In this insightful one-on-one discussion taped at the CUNY TV studios in NYC, Stephanie and Laura Flanders talk economics, elections, and a little bit about tug-of-war.  All that, plus a commentary from Laura.  Laura Flanders & Friends becomes Laura Flanders & Family this time.“. . . This is an opportunity to be thinking about not just what a politician is saying, but what are the long-term issues facing this country, any country? Are those policy recommendations fit for purpose? . . . Elections are opportunities for voters and journalists to raise their eyes to the horizon a little bit.” - Stephanie Flanders“[With tariffs] the goal is to make domestically produced goods look more attractive and cheaper . . . We saw with the tariffs under the previous Trump administration — many of which have been continued under President Biden, we should remember — that the overall effect was to lose cost jobs and to add to inflation.” - Stephanie FlandersGuest:  Stephanie Flanders: Head of Economics and Government at Bloomberg Full Episode Notes are located HERE.  They include related episodes, articles, and more.Music In the Middle: "Wall of Indifference" by Raul Midon, from his album Lost & Found courtesy of the artist.  "Steppin" and "The Gall" by Podington Bear. Laura Flanders and Friends Crew: Laura Flanders, Sabrina Artel, David Neuman, Nat Needham, Rory O'Conner, Janet Hernandez, Sarah Miller and Jeannie Hopper, Nady Pina, Jordan Flaherty FOLLOW Laura Flanders and FriendsInstagram: https://www.instagram.com/lauraflandersandfriends/Twitter: https://twitter.com/LFAndFriendsFacebook: https://www.facebook.com/LauraFlandersAndFriends/Tiktok: https://www.tiktok.com/@lauraflandersandfriendsYouTube: https://www.youtube.com/channel/UCFLRxVeYcB1H7DbuYZQG-lgLinkedin: https://www.linkedin.com/company/lauraflandersandfriendsPatreon: https://www.patreon.com/lauraflandersandfriendsACCESSIBILITY - The broadcast edition of this episode is available with closed captioned by clicking here for our YouTube Channel

Ben Page, chief executive of market research company Ipsos, joins Voternomics this week to outline what he's discovered about voters and what they think about their politicians, governments and economies. He tells Stephanie Flanders and Allegra Stratton that trust in politics is the “lowest we've ever measured.” Also on this episode, Flanders, Stratton and Adrian Wooldridge ask Bloomberg Opinion columnist John Authers whether—given the question of when the Federal Reserve will cut interest rates between now and the election—the central bank can remain above the political fray.See omnystudio.com/listener for privacy information.

Karen Ward, J.P. Morgan Asset Management's chief market strategist for EMEA, joins this week to explain why politicians are being punished for the sins of central banks. Ward, a former Bank of England economist and adviser to both UK Chancellors Philip Hammond and Jeremy Hunt, tells Stephanie Flanders, Allegra Stratton and Adrian Wooldridge about the damage done as a result of missteps when it comes to inflation. Plus, Bloomberg News editor Craig Trudell unpacks how Elon Musk is driving on both sides of the US-China relationship. See omnystudio.com/listener for privacy information.

On this edition of Wall Street Week, Peter Borish, Computer Trading Chairman & CEO looks at inflation through the "7Cs" of commodities. Stephanie Flanders, Bloomberg News Head of Economics and Government looks at how Europe fares in a global subsidy race. Wes Edens, Fortress Investment Group Co-Founder and Brightline Founder says that Brightline West could signal the start of the high-speed rail industry. Clive Gillinson, Carnegie Hall Executive & Artistic Director and Tony James, Metropolitan Museum of Art Board of Trustees Co-Chair talk about the evolution in the business of fine arts institutions in New York. See omnystudio.com/listener for privacy information.

Welcome to the first episode of Voternomics. On this podcast, Stephanie Flanders, Bloomberg's head of government and economics coverage, Allegra Stratton, author of Bloomberg's The Readout newsletter and Bloomberg Opinion columnist Adrian Wooldridge discuss how voters have the opportunity to affect markets, countries and economies like never before. Historian Niall Ferguson and Bloomberg Washington reporter Nancy Cook join our hosts to give their take on this unique moment in time. Ferguson explains why he believes the 2024 US presidential election isn't about foreign policy, why Donald Trump is using his 2016 campaign strategy and why the second Cold War is escalating faster than the first. See omnystudio.com/listener for privacy information.

In an interview with Nick on Radio 4's Today this week, shadow chancellor Rachel Reeves outlined how Labour would try to plug the gap in NHS funding. The interview raised big political and economic questions about the state of the nation's finances ahead of the next general election.In The Today Podcast this week, Nick reflects on that interview and why the economic credibility of opposition parties can win or lose elections.Former chancellor Philip Hammond lifts the curtain on his time in the Treasury and tells us why it is not easy to be honest about the state of public spending.And Bloomberg's head of economics and politics, former BBC economics editor Stephanie Flanders, challenges Nick on whether the media are asking politicians the right questions on the economy. Plus Newsnight host Kirsty Wark pops in to give us her moment of the week – and talk about Netflix's Prince Andrew drama ‘Scoop'. Episodes of The Today Podcast land every Thursday and watch out for bonus episodes. Subscribe on BBC Sounds to get Amol and Nick's take on the biggest stories of the week, with insights from behind the scenes at the UK's most influential radio news programme. If you would like a question answering, get in touch by sending us a message or voice note via WhatsApp to +44 330 123 4346 or email us Today@bbc.co.uk The Today Podcast is hosted by Amol Rajan and Nick Robinson, both presenters of BBC Radio 4's Today programme, the UK's most influential radio news programme. Amol was the BBC's media editor for six years and is the former editor of the Independent, he's also the current presenter of University Challenge. Nick has presented the Today programme since 2015, he was the BBC's political editor for ten years before that and also previously worked as ITV's political editor. The senior producer is Tom Smithard, the producers are Hazel Morgan and Joe Wilkinson. The editor is Louisa Lewis. The executive producer is Owenna Griffiths. Technical production from Jonny Hall and digital production from Elliot Ryder.

The Chancellor Jeremy Hunt has unveiled details of his long-awaited Budget, with tax cuts he's hoping will revive his party's ratings in the polls. Among the key measures: a two percentage point cut to National Insurance contributions, raising the threshold at which child benefit is taxed, abolishing the non-domiciled tax status and introducing a British ISA to encourage more investing in UK stocks. We bring you highlights from Hunt's speech, the response from Labour leader Keir Starmer, plus analysis from Stephanie Flanders, Head of Bloomberg Economics, and John Stepek, who writes Bloomberg's Money Distilled newsletter. Hosted by Stephen Carroll and Caroline Hepker. See omnystudio.com/listener for privacy information.

A rematch between US President Joe Biden and Donald Trump is looking more likely since Florida Governor Ron DeSantis dropped out of the Republican race and former South Carolina Governor Nikki Haley came in second in New Hampshire. Coupled with recent polls pointing to Biden's unpopularity with many Americans, politicians and business leaders all over the world are bracing for the possibility that the twice-impeached Trump could return to the Oval Office. On this week's episode of In the City, Stephanie Flanders, Bloomberg's Head of Economics and Government, joins Francine and Allegra to lay out what preparations may look like for another four years of Trump.See omnystudio.com/listener for privacy information.

On this edition of Wall Street Week, Peter Borish Computer Trading Chairman & CEO looks ahead to the timing of more Fed cuts. Lawrence H. Summers, Former US Treasury Secretary tells us where he sees US fiscal policy going over the long-term. Blair Effron, Centerview Partners Co-Founder & Partner tells us when he expects mergers and acquisitions to rebound. Afsaneh Beschloss RockCreek CEO gives us a sense of about China's economic path forward and Stephanie Flanders, Bloomberg Senior Executive Editor for Economics tells us what was in focus at Davos.See omnystudio.com/listener for privacy information.

UBS Chairman Colm Kelleher discusses the global banking landscape with Bloomberg's Stephanie Flanders. They spoke at the World Economic Forum in Davos, Switzerland.See omnystudio.com/listener for privacy information.

Joining Iain Dale on Cross Question this evening are Plaid Cymru's Westminster Leader Liz Saville-Roberts, Bloomberg's Head of Politics and Economics Stephanie Flanders, Conservative MP Flick Drummond and civil liberties campaigner Silkie Carlo.

Covid-19 was supposed to mean the end of the city as we know it. Buzzing urban centers would give way to boarded-up ghost towns as white-collar employees worked from home in perpetuity. Now, two months after the pandemic's end, it's clear that dystopian vision won't come to pass. But among the best-known cities, winners and losers are emerging. Some have people and riches flowing in while others struggle to recover. On this week's episode of Stephanomics, we start off in Dubai, a popular destination for wealthy Russians who fled when Vladimir Putin launched his war on Ukraine. Bloomberg Television anchor Manus Cranny tells host Stephanie Flanders about the city's massive increases in rent, and in particular his own experience. It's a similar story in Singapore, says Bloomberg Senior Reporter Michelle Jamrisko. As Xi Jinping pushes his “common prosperity” mandate at home, the richest Chinese are looking to protect their assets by pouring money into the city-state. The influx of wealth has in turn turbocharged rents and restaurant prices, all at the expense of a shrinking middle class. When it comes to the losers in this post-pandemic shakeout, look no further than San Francisco. Once the glittering high-tech hotbed of wild wealth and exorbitant real estate, the outflow of people and money exacerbated by the recent tech downturn may have done irrevocable damage, says California Bureau Chief Karen Breslau. Flanders speaks with her and Bloomberg Opinion columnist Justin Fox about how San Francisco's fate compares with other US cities, many of which are managing to climb back.See omnystudio.com/listener for privacy information.

Climate change is fast transforming the planet. Global warming is fueling drought, massive wildfires, rising sea levels and stronger hurricanes. Now scientists and economists are worried about another knock-on effect: faster inflation. On this episode of Stephanomics, we hear from reporter Laura Curtis, who explains how drought has lowered the water level of a lake feeding the Panama Canal, which could in turn boost shipping costs. A similar phenomenon is already playing out in Europe, where low water levels in the Rhine River are making it more expensive to transport key commodities across the continent. Then host Stephanie Flanders chats with Deutsche Bank macro strategist Henry Allen and Bloomberg economist Bhargavi Sakthivel about the economic impacts of El Nino, a period of unusually warm water in the Pacific Ocean. The system, which scientists say is becoming more frequent and intense thanks to global warming, is already placing upward pressure on prices of agricultural goods like coffee and sugar. That could lead to higher inflation and lower growth in several countries in the tropics and southern hemisphere.See omnystudio.com/listener for privacy information.

Joe Biden, like so many other presidents before him, put America's re-industrialization at the center of his campaign for the White House. And like his predecessors, he's found that the “Made in America” label remains hard to find. Indeed, more countries are trying to cut their reliance on imports from China, the global giant of manufacturing, citing everything from geopolitical tensions to human rights abuses and supply-chain snarls. But the reality is they still can't seem to break away from the “world's factory floor.” And when they try, it doesn't work out well. On this episode we take you around the world to see what's standing in their way. Bloomberg reporter Jeannette Neumann tours clothing factories in Los Angeles, the heart of America's apparel industry, and struggles to find tags that don't say “Made in China.” In India, Bloomberg editor Ruchi Bhatia and reporter Vrishti Beniwal explore toy stores in New Delhi, and find the selection lacking thanks to Prime Minister Narendra Modi's effort to cut out goods from his neighbor to the north. Finally, we have more from Milken Institute Chief Economist William Lee and his chat with host Stephanie Flanders. They discuss how realistic it really is for companies to even try to diversify their supply chains beyond China.See omnystudio.com/listener for privacy information.

This show is made possible by you!  To become a sustaining member go to LauraFlanders.org/donate  Thank you for your continued support!In this episode, I dive deep into discussions on the state of the banking system and the economy, touching on topics such as the stress in the banking system, the implications of the recent Silicon Valley Bank situation, and the challenges faced by central banks in reducing inflation. We also explore the rise of nationalism in politics and its impact on policy decisions, the increasing influence of money in the political landscape, and the potential consequences of a plutocratic society. Additionally, we delve into the role of international institutions like the IMF and the World Bank in addressing global issues and the challenges they face in democratizing decision-making. In the second part of the episode, we explore the challenges facing modern society, including low birth rates, wage stagnation, and labor market issues. We discuss the potential influence of Europe's more cooperative economic models, as well as the importance of rational argument and finding alternative solutions to current problems. Join me for this fascinating and insightful conversation with my sister and guest, Stephanie Flanders, head of economics and government at Bloomberg. It's an episode you won't want to miss!Full Show Notes are located HERE.  They include related episodes, articles, and more to dive deeper.Music In the Middle:  “Saints and Sinners” by Bluey of Incognito from his solo album Life Between the Notes released on Shanachie Records. Chapters:(0:00:00) - Latest stress in the banking system. Internationalism.  (0:05:32) - Economic Statecraft & Globalization.  Subsidy wars?  IMF & China.(0:8:20) - What happens to Democracy when so much money is so much and so concentrated?  Heading to a Plutocracy?(0:12:15) - Music Break(0014:40) Silicon Valley Bank, what happened?  State of the banking system.  Alternatives to the banking system.(00:17:24) - What can be done to create better checks and balances.  (00:19:50) - How profit margins factor from EU to US.  Birth Rates and the Economy. (0:24:00) - What is the story the future will tell about now?(00:25:40)  - Laura's closing commentary  

-What can yoga offer to codependents on their healing journey? -How can yoga help us confront our poor relationship patterns as a consequence of becoming more aware of our bodies? -What about practicing yoga helps us let go of perfectionism, compare-and-despair, and self-neglect? Welcome to Episode 112! This week, I sat down with Stephanie Flanders Martin, certified yoga instructor and owner of a virtual yoga studio. Stephanie opens up about codependency in her life and all the hard work she's done to foster interdependence in her second marriage. We discuss the healing power of yoga for codependents on their healing journeys. Yoga in and of itself is a practice and helps us learn attunement to ourselves, awareness of our physical sensations and emotions, and commitment to practice rather than perfection. Stephanie describes the benefits of breathing, humming, and certain poses to help us get in touch with ourselves. We conclude with ways Stephanie helps her students address imbalance in their lives by focusing on balance in yoga. It's a must-listen! More on this episode's guest: Stephanie Flanders-Martin in the Founder and Owner of Tree of Life Yoga Studio, a small boutique studio hosting virtual classes, pop ups, and retreats. Stephanie has been in the health and wellness field for the past 7 years, after a 30+ year career in the restaurant industry. She designs and facilitates Corporate Wellness Programs. Stephanie holds her 200 hour yoga certification from Full Circle Yoga and her 500 hour certification with Yoga Medicine. She is a Yoga Medicine Therapeutic Specialist. https://www.treeoflifeyoga.studio/  https://goteamup.com/p/3496596-tree-of-life-yoga-studio/memberships/106031/ → FREE Zen in 10. Register to participate for 10 days free ONLINE  yoga classes at the studio! Helpful links for the podcast: Sign up for the newsletter to receive all things Codependummy: https://keap.app/contact-us/2302598426037497  FREEBIE! The Self-Validation Challenge: Learn to validate your GD self: www.codependummy.com/challenge  Journal! The Confiding Codependummy: 30 Days of Journaling Prompts for a Less-Codependent and More-Conscious YOU for just $1 a day. www.codependummy.com/toolsforhealing  Support by donating Money/Funds! Help the show via a one-time donation via secure Paypal link: https://www.paypal.com/donate/?hosted_button_id=RJ3PSNZ4AF7QC  Work with me! Email marissa@codependummy.com to schedule a free 30-minute consultation. More deets on the episode: We begin with hearing Stephanie's definition of codependency and experiences of it from her own life. She describes how codependents tend to look for approval from and have an unhealthy attachment to someone. She shares about her first marriage and ways she did what her former husband told her–even when she didn't agree with it.  Stephanie reveals all the work she did after her divorce to avoid history repeating itself and ways she and her second husband have cultivated interdependence. They attend workshops annually, read books, and honor one another's love language.  We shift gears to focusing on the healing power of yoga. Stephanie educates us on trauma-informed yoga and how she works with her students to offer words, cues, and gentle touch in order to create a collaborative partnership with them. In her classes and her studio, she has strived to have a space where her students can tune into themselves, open themselves up, and become more self-aware through breath/movement.  And how has Stephanie seen codependency show up in the body? We discuss how our chakras may be blocked or tight if we aren't verbalizing our needs, catering to others, and people-pleasing. Through yoga, individuals struggling with codependency are able to build awareness and knowledge by tuning into their bodies.  Stephanie emphasizes how breathing, chanting, and humming help us get in touch with our vagus nerve, the nerve that cues our “rest and digest” parasympathetic nervous system. She makes an effort to help her students focus on these aspects of yoga in order to forget about pleasing her, comparing themselves, and getting distracted by perfectionism.  We conclude with tips on how to deepen your yoga practice: intention setting, restorative classes, and making sure your teacher resonates with you.  Thanks for coming on Stephanie! And thank you for being here dear listener! PLEASE: Rate.  Review. Subscribe.  Share. We need more ratings on Spotify! TY! -The Self-Validation Challenge - free 30-day guide to providing yourself with all the validation you seek: www.codependummy.com/challenge -Get your copy of the Confiding Codependummy: 30 days of journaling prompts for a less-codependent and more-conscious you! www.codependummy.com/toolsforhealing  -If you are wanting to dive into your codependency deeper one-on-one, please email marissa@codependumy.com to work with me! -Sign up for the newsletter: https://keap.app/contact-us/2302598426037497  -Support the show via a one-time secure donation: https://www.paypal.com/donate/?hosted_button_id=RJ3PSNZ4AF7QC  See you next week!

The European Central Bank and the Bank of England have raised interest rates again, one day after a similar move by the US Federal Reserve. But amid those big players, Britain seems in particular trouble, with the International Monetary Fund warning it will be the only major economy to shrink in 2023. In the UK, the pain and anger poured into the streets on Wednesday when the country saw its biggest strikes in a decade, with as many as half a million workers walking out, from transport to teachers. There's little light at the end of the tunnel, with a cost-of-living crisis forcing around four million children into poverty. Correspondent Nada Bashir was there on "walkout Wednesday."  Also on today's show: Shevaun Haviland, Director General, British Chambers of Commerce; Stephanie Flanders, Senior Executive Editor, Bloomberg; Gina Prince-Bythewood; Director, “The Woman King”; Yascha Mounk; Author, “The Great Experiment” To learn more about how CNN protects listener privacy, visit cnn.com/privacy

Everything you need to know ahead of Wednesday's strikes with the help of Alan Jones, PA's Industrial Correspondent. Stephanie Flanders, Head of Bloomberg News Economics, is also on to join the dots between the walkouts and the state of the UK‘s finances, as we learn that the UK economy is expected to shrink in 2023. Also on the podcast, Liverpool officially becomes the Eurovision host city… which also means the launch of Eurovisioncast! Adam is joined by all four of the podcast's hosts. This episode of Newscast was made by Chris Flynn with Cordelia Hemming, Greg Brosnan and George Crafer. The technical producer was Mike Regaard. The editor is Jonathan Aspinwall and the assistant editor was Sam Bonham.

“My fear is that we are sleepwalking into this world. But hey, here is Davos! Wake up! Do the right thing!” That's the rallying cry of Kristalina Georgieva, managing director of the International Monetary Fund, imploring the global elite at this week's World Economic Forum to be vigilant as an almost unrivaled list of perils weighs on the world's leaders. Recession looks set to sweep across the globe, nations are leaning more heavily on coal amid tight energy supplies and the cost of servicing debt is soaring. Getting things wrong, Georgieva says, means dragging the “world into a place where we'll be all poorer and we would be less secure.” In this week's episode of the Stephanomics podcast, host Stephanie Flanders chats with a star-studded list of international economists, finance ministers and corporate chieftains from Davos, Switzerland. Gita Gopinath, first deputy managing director of the IMF, explains why finance ministers and central bankers are caught in an almost impossible dilemma: High inflation requires central bankers to raise interest rates to cool the economy, even as governments spend more to help consumers hurting from soaring energy and food costs. Longer term, real interest rates may stay high unless countries can get more targeted with their relief programs, instead of spreading assistance universally, argues Raghuram Rajan, a finance professor at the University of Chicago and former governor of the Reserve Bank of India. The US overspent during the pandemic, partly because “every constituency got a share of the spending simply because they couldn't make choices,” Rajan says. Next, Flanders has a decidedly more upbeat chat with Nandan Nilekani, chairman of Indian tech giant Infosys Ltd. With news that China's population has declined for the first time in decades, India is set to become the world's most populous country. What's more, Nilekani sees the country benefiting from manufacturers seeking an alternative to China, spooked by the latter nation's repeated factory shutdowns amid its Covid-zero policy. Per capita incomes may grow from $3,000 now to $15,000 in the next 25 years, and “that's much more than a middle-income country,” Nilekani says. Finally, Nela Richardson, chief economist at US-based payroll and business outsourcing firm Automatic Data Processing Inc., says real wages have declined across the world recently, even if nominal wage gains have created a myth that workers are “in the driver's seat.” Businesses would benefit from paying workers a living wage, which despite the apparent expense actually results in better productivity and lowers costs, Richardson tells Flanders. “Will inflation moderate enough and wages stay solid enough that workers actually benefit from lower inflation? We don't know that yet,” Richardson says.See omnystudio.com/listener for privacy information.

Frustrated by prices at the grocery store? People in countries with advanced economies who have been grousing about single-digit inflation have nothing on Argentina and Turkey. There, inflation is above 90% and 60%, respectively. In the words of one tourist in Buenos Aires, carrying enough cash to pay for a flight leaves one feeling like a bank robber—with a stack of pesos as thick as a brick. With new consumer price data on Thursday, the US is getting a better idea where inflation is headed there. But as it reopens, China remains a wild card for the whole world.  In this week's episode of Stephanomics, we look at what's driving prices up in two of the world's inflation hot spots, and when prices may finally cool there and elsewhere. First, reporter Patrick Gillespie details the alternately quirky and harrowing state of Argentina's currency. For tourists, using it is a relatively minor inconvenience. Because of strict government currency controls, travelers can get a far better exchange rate through non-bank sources like Western Union (and on the black market) than by going through Argentine banks. So, there are endless lines of tourists at Western Union locations, and it's made the country something of a laughingstock: Brazilian soccer fans recently tore up near-worthless pesos to mock their Argentine rivals. Of course, Argentines are faring much worse. The poverty rate has soared from 25% to 40% in recent years. In the words of one nurse, “a pair of shoes is half my salary.” Meantime in Ankara, an inflation rate of 65% is actually an improvement from the 85% price increases the Turkish citizenry faced a short while ago. Reporter Beril Akman shares the dubious economic strategy pursued by the nation's central bank and President Recep Erdogan. Whereas other nations are feverishly slashing interest rates to cool their economies and bring down inflation, Turkey is doing the opposite: keeping rates low and raising the minimum wage. The fallout? An Ankara flower shop merchant shares with Akman how electricity costs are so high he's stopped using his refrigerator. Finally, host Stephanie Flanders zooms in on Turkey with Bloomberg economist Selva Bahar Baziki, and zooms out to look at the global picture with Chief Economist Tom Orlik. Baziki explains that while inflation is taking a toll on the Turkish people, “mystery money” flowing in from Russia is helping to soften the blow, at least for now. Orlik says global inflation peaked at around 10% in the third quarter of last year, and it should fall to 5% by the end of this year. The big risk is that growth in China will take off now that it's shedding its “Covid zero” restrictions. If so, that could cause inflation to go in the wrong direction again, Orlik said.See omnystudio.com/listener for privacy information.

A push for peace in Ukraine, a recovering China and good news for US consumers may be in the cards.Will China keep moving beyond its "Covid-zero" policy in the face of a massive infection wave? When and how will Russia's war on Ukraine end? Will Donald Trump really go ahead with his US presidential campaign next year? Groundhog Day won't arrive in the US until February, but until then the Stephanomics podcast has assembled a crack team of prognosticators rivaling Punxsutawney Phil himself to give a glimpse into 2023.In this annual look-ahead edition of the podcast, host Stephanie Flanders delves into the future with Charles Grant, director of the Centre for European Reform, and three Bloomberg experts, Chief Economist Tom Orlik, Washington Bureau Chief Peggy Collins and London-based TV anchor Francine Lacqua. First, with inflation and interest rates dominating economic headlines, Orlik gives a somewhat reassuring outlook for the US. Price hikes will fall rapidly from their perch above 7% in 2023, but they'll remain high enough that the Federal Reserve will keep tightening the money supply for now, Orlik says.In US politics, Trump's bid for a second term has gotten off to a slow start. Facing multiple criminal investigations and diminishing party support, some are wondering if his heart is really in it. However, since he's announced that he's running, we'd better assume the Republican might be on the ballot in 2024, even if potential rivals like Florida Governor Ron DeSantis don't clear a path for him, Collins said. The man who defeated Trump in 2020, President Joe Biden, has his own challenges next year now that the GOP controls the House of Representatives. Collins sees Biden circumventing a deadlocked Congress by making prolific use of executive orders, as many of his predecessors have done in the past.Across the Atlantic, Grant predicts the French, Italians and Germans, joined by the US, will eventually urge Ukraine to cede territory to reach a peace agreement, despite the tens of thousands of its citizens killed by Russia in its war. While some Eastern European nations are taking a hardline stance against the Kremlin, including pushing for regime change, Biden and his allies foresee having to work with Russia over the long term, Grant says, and may take a more diplomatic approach. Meantime, the continent has been spared a full-on energy crisis, in part because of a mild European winter and a large supply of natural gas in storage, Lacqua says. That could change, though, with the European Union's new cap on gas prices. Energy importers may choose to send their natural gas elsewhere and cause prices in Europe to soar, Lacqua warns.China currently faces a national crisis as coronavirus cases flood hospitals and threaten to kill more than a million people. It's a public health catastrophe that was triggered by Xi Jinping's sudden reversal of his "Covid-zero" policy. But in 2023, that turnabout may have Beijing's desired effects: After the infection wave recedes, Orlik predicts China's economy may finally turn the corner. He sees the country growing by 5.1% next year, with the risk being that it grows too quickly and puts a strain on the world's commodity supplies. For now, the US and Europe have been somewhat at odds over China, with the US more concerned about Beijing's accumulation of power and the threat to US security. Europe may be forced to side with its US allies, Grant says. "The more we get into a sort of new Cold War, the more inevitably the Europeans, however reluctantly, are forced to take sides and will take sides on the American side," he says.See omnystudio.com/listener for privacy information.

Thirty years after the Cold War ended, a new one of sorts is emerging between China and the West, a leading economic scholar asserts. As a muscular China seeks to refashion trade and geopolitical organizations in its own image, the US and many of its allies face a key challenge: keeping Beijing on board with trade pacts and efforts to slow global warming without ceding ground on democratic freedoms. In this special episode of the Stephanomics podcast, host Stephanie Flanders talks economics and geopolitics with Paul Tucker, a former deputy governor of the Bank of England and author of the new book, Global Discord: Values and Power in a Fractured World Order. Years ago, world leaders could set their monetary, national security and human rights policies independently, but nowadays all of those things are interconnected and everything is more complicated. This new reality was evident when the Group of Seven leading economies, responding to the Kremlin's war on Ukraine, froze Russian currency reserves held in Western banks, Tucker says. Tucker predicts that developing nations will eventually topple the existing world order, shaping one in which the US, Europe and Japan no longer call all the shots. In this new iteration, international trade and diplomatic entities will have to be completely remade. But Tucker says that's still a few decades away, because while China is already a world power, India and a few other developing nations remain a ways off. For now, the US will enjoy a “lingering status quo” in global finance as issuer of the world's premier reserve currency, but global trade, cross-border investment and everything else will see more jostling for power, something between a “superpower struggle” and a “new Cold War.” Tucker sees China trying to influence global trade and politics much more in coming years, a real concern for the West since Beijing tends to prioritize Communist Party control over civil liberties. World leaders will need to walk a fine line when dealing with Beijing, he says, working with China on pressing global issues while distancing themselves on others. “I think the big thing is China is too powerful” for the US and its allies to tell it how to reorder its society, Tucker tells Flanders. Still, the West should “should find common cause” where it can.See omnystudio.com/listener for privacy information.

There's evidence the Federal Reserve may have finally gained the upper hand in its war against inflation, a potential relief not only for US investors but also real estate agents 8,000 miles away in Hong Kong. The central bank's year-long rate-hike campaign has stymied America's housing market as well as that of the Asian financial hub, and people on both continents will be glad to see the back of it.  This week, we explore how global challenges like inflation, rising interest rates and worker shortages are moving markets in three continents. First, Chief US Economist Anna Wong tells host Stephanie Flanders that, while inflation appears to be slowing in the US, it's too early to tell if the Fed has won the war. Too many risks remain in the global economy, including Russia cutting its oil production or China's reopening sending commodities prices soaring.  What appears more clear, Wong says, is that someone may have gotten a heads-up on this week's surprising US inflation report. A minute before the Consumer Price Index numbers went public, someone traded heavily on Treasury futures. "So, by being a bit early, before everybody gets the same data, somebody is making a lot of money with that move,'' she says.  Next, we travel to Hong Kong, home to one of the world's priciest property markets. Reporter Enda Curran and producer Yang Yang visit a 33rd-floor apartment that just sold for $3.2 million -- a relative bargain for a unit with a view of the famous Happy Valley Racecourse. In a better market, it might have fetched almost 10% more, the unit's real estate agent said. While China's restrictive "Covid zero" policy may be partly to blame, so too is US monetary policy. Since Hong Kong's currency is linked to the US dollar, Fed rate hikes ricochet across the city's system. And just as US housing prices are cooling off, economists say prices here could fall 30% from their peak. Finally, reporter Alessandra Migliaccio shares how Italy's legendary fashion companies are struggling to persuade young people to make 1,000-euro boots. The nation's youth unemployment rate is almost 24%, but roughly one in every two job postings in the luxury industry goes unfilled, according to trade group Altagamma. New Fendi Chief Executive Officer Serge Brunschwig is on something of a crusade to reverse the trend and get Italian youth to take up the craft. Still, it's no easy sell. In the words of one 18-year-old who's learning shoemaking, ``People say, `Oh, you make shoes? That's a bit useless.'"See omnystudio.com/listener for privacy information.

As the rest of the world raises interest rates to battle inflation, Japan curiously is clinging to low rates to raise wages and finally move past its long battle with deflation. But as Tokyo tries to hold the line, the fastest inflation in decades is spooking a country unaccustomed to it. And the “decoupling” of the US and China, along with Russia's war on Ukraine, are also raising tough questions for a historically pacifist nation whose biggest export market is governed by Beijing, but whose national security has long depended on Washington. This week, we devote our entire Stephanomics podcast to Japan, delving into its economy, its ties to China and the US and its efforts to stay on friendly terms with both. First, reporter Yoshiaki Nohara brings us the noisy scene inside the Toyosu Market, the world's largest wholesale fish market. There, businesses face a dilemma: costs of materials are rising at a 9.1% clip, but consumer inflation is running at a more modest 3.6%. So, wholesale fish merchants, restaurants and other businesses are eating some of the inflation for fear of alienating a Japanese public that's used to prices falling, not rising.“We really wonder whether customers will keep coming back if we raise prices,” one businessman tells Nohara. That reluctance to boost prices, though, is creating a bit of a vicious cycle for Japan. Worker wages are stuck and won't rise until businesses can pass along more of their rising prices to consumers. However, consumers won't accept higher prices until they see higher wages. For now, the Bank of Japan and Ministry of Finance are trying to force wages up by keeping interest rates at rock-bottom levels—even if the yen craters, too.Next, host Stephanie Flanders, who's in Tokyo this week, chats with reporter Isabel Reynolds about the way Japan is being drawn into global conflicts and its delicate efforts to keep everyone happy. This week, Prime Minister Fumio Kishida ordered an increase in defense spending that could strangely put his country almost on par with Russia. Meantime, Japan finds itself caught between its loyalty to the US and its crucial trading ties with China, Reynolds says. The US has been signaling it's getting more aggressive toward China on trade issues, and while Japan has been reluctant to take sides, it may be forced to follow America's lead if things escalate, she says. Finally, Flanders chats with Takehiko Nakao, a former senior official with the Ministry of Finance, about whether Japan is finally ready to shed its years-long deflation, as well as the nation's need to ensure its own national security in light of the threat from China while also maintaining economic ties with Beijing. See omnystudio.com/listener for privacy information.

Europe might just avoid what had been a widely predicted, Kremlin-induced energy crisis this winter, thanks to a surprisingly large stock of natural gas. But are the continent's efforts to conserve giving a bah humbug to the holidays? Some of Europe's best-loved Christmas markets are shutting their holiday lights earlier to save electricity or even banning them outright. Even worse, Frankfurt's famous market is—perish the thought—forgoing heated toilets. In this episode we delve into the energy challenges facing Europe as it works to replace natural gas cut off by Russia. First, reporter Bastian Benrath visits with retailers in Frankfurt's famed Christmas market, where cutbacks to the city's large holiday light displays threaten to sap some of its magic and give shoppers less reason to turn out. Other cities like Zurich, Berlin and London also have trimmed holiday display hours or reduced their size, and Paris is turning off the lights at the Eiffel Tower an hour early. What really annoys retailers about this Scrooge-like behavior is that keeping the lights on may expend less energy than powering and heating the markets themselves. As Benrath reports, “in many places, cutting the Christmas lights might actually be more about saving face than actually about saving energy.” In a follow-up discussion, host Stephanie Flanders talks European energy with Maeva Cousin, Bloomberg's senior euro-area economist, and Bloomberg Opinion columnist Javier Blas. The continent appears ready to confront the winter without mass shortages of gas, thanks in part to forecasts that were overly pessimistic, reduced demand from China and relatively mild European weather, Cousin says. Still, Blas warns that the continent isn't out of the woods yet. In the short term, a harsher winter than forecast could still lead to blackouts. In the long term, Europe's high energy costs could persuade companies to relocate to places with cheaper costs, like Texas. Finally, reporter Colum Murphy reflects on the protests over China's “Covid zero” policy. The plight of residents stuck in lockdowns there has come into stark focus. While images of jubilant crowds at World Cup soccer games flicker on TV screens, “at home in China the people are living in strict conditions,” Murphy says. And for President Xi Jinping, the protests are a huge embarrassment, coming “just after receiving the backing of the whole party.”See omnystudio.com/listener for privacy information.

The Bank of England expects the UK to fall into the longest ever recession. Stephanie Flanders, Head of Bloomberg Economics, and Claer Barrett, Consumer Editor at Financial Times, talk it all through. Also, American comedian Rob Delaney speaks movingly about the loss of his young son, and why he's chosen to write about it. This episode of Newscast is presented by Adam Fleming and the BBC's political editor, Chris Mason. It was made by Chris Flynn and Danny Wittenberg. The assistant editor was Sam Bonham.