Archive for the ‘Government’ Category

The Long Life of Keynesian Economics   Leave a comment

Link: https://www.imf.org/en/News/Podcasts/All-Podcasts/2017/11/11/the-long-life-of-keynesian-economics

Keynesian economics was particularly popular after the Great Depression. Keynes revolutionized how government involvement in the economy was seen. Keynesian theories are still applied in financial crises today.

Original Air Date: October 16, 2014

Length: 7 minutes

Covid-19 Drives Unemployment Claims Up   Leave a comment

Link: https://www.marketplace.org/shows/marketplace-morning-report/unemployment-claims-covid-19-automaker-factories-evictions/

Unemployment benefit registrations have increased dramatically in the past days. The U.S. government is trying to ensure that the current health crisis does not cause a long-term economic crisis. The government is also putting a hold on evictions and foreclosures in certain instances as well in order to prevent an increase in homelessness.

Original Air Date: March 19, 2020

Length: 7 minutes 21 seconds

Discussion Prompt: What are the economic ideas behind the strategies being implemented so far? What other ways could the government support those who lose their jobs during this health crisis? How can the government fund activities such as putting holds on evictions? What are the costs and benefits to be considered here?

Janet Yellen’s Mystery Story   Leave a comment

Janet YellenLink: https://www.npr.org/sections/money/2018/01/31/582224091/janet-yellen-s-mystery-story

Summary: Former head of the Federal Reserve of America, Janet Yellen, communicated about inflation, uncertainty, and monetary policy in one of her speeches last fall. With the current low inflation, the Fed hopes more consumers go out and purchase more goods to help reach the ideal inflation in the country. But as inflation remains low,  the Fed is left puzzling over this mystery.

Original Air Date: January 31, 2018

Length: 6 minutes 48 seconds

The Recession Predictor   Leave a comment

The Recession PredictorLink: https://www.npr.org/sections/money/2018/01/12/577710151/the-recession-predictor

Summary: There appears to be fear that another recession is approaching the United States, but what are the warning signs for the country’s economy? From talks about inflation, interest rates, and borrowing, the yield curve is known to be a powerful and the most accurate predictor of recessions.

Original Air Date: January 12, 2018

Length: 9 minutes 5 seconds

Weed GDP   Leave a comment

Weed GDPLink: https://www.npr.org/sections/money/2018/01/30/581923542/weed-gdp

Summary: Ever wonder what goods and services contributes significantly to a country’s economy? GDP is the basic measure that does just that and, in this podcast, the director general of Statistics Canada goes on a journey to determine the figures that represent marijuana’s contribution to Canada’s GDP to see the economic effects of marijuana legalization within the country.

Original Air Date: January 30, 2018

Length: 6 minutes 4 seconds

Obama, Trump, And Trade   Leave a comment

Obama, Trump, And TradeLink: https://www.npr.org/sections/money/2018/02/07/584032956/obama-trump-and-trade

Summary: THE INDICATOR discusses the Trump administration trade policy thus far regarding the tariffs on solar panels and washing machines that were implemented during Obama’s administration. How much of an impact do tariffs actually make on a country’s economy, if they do at all?

Original Air Date: February 7, 2018

Length: 5 minutes 18 seconds

 

Cost of military transgender care in the spotlight   Leave a comment

39-year-old transgender veteran Ashley Register stands outside her Dover, Delaware home.  Link: https://www.marketplace.org/2017/10/10/health-care/cost-military-transgender-care-in-spotlight

Summary: In light of the cost of transgender health care, President Trump has advised the Department of Defense to eliminate transition-related care for veterans and active duty transgender troops due to potential high costs that the U.S. can face. Though, in this podcast, one argues that the actual expenses will come from firing perfectly competent transgender troops and training future armed forces. Morality, gender issues, and politics are factors that clash together in this podcast.

Original Air Date: October 10, 2017

Length: 2 minutes 35 seconds

The latest jobs report reveals hurricanes Harvey, Irma’s economic costs   Leave a comment

Screenshot-2017-10-30 The latest jobs report reveals hurricanes Harvey, Irma_s economic costsLink: https://www.marketplace.org/2017/10/06/economy/weekly-wrap/latest-jobs-report-reveals-hurricanes-harvey-irma-s-economic-costs

Summary: With significant damages caused by two major hurricanes that recently took place, it is no surprise that the road to recovery will be a long and an expensive one for the affected areas. This podcast considers the statements of President Trump and his stance on Puerto Rico’s debt, as well as Janet Yellen’s view on regulation. In addition, consider concerns whether the financial system of the U.S. itself has been stable and transparent.

Original Air Date: October 6, 2017

Length: 5 minutes 53 seconds

Equifax Hack Brings Renewed Attention To The Credit Reporting Industry   Leave a comment

6777771283_63d40646df_oLink: http://www.npr.org/2017/10/13/557628589/equifax-hack-brings-renewed-attention-to-the-credit-reporting-industry

Summary: There are hundreds of millions of consumers who receive their credit reports from Equifax, but with the recent announcement of a cyber-security breach caused by hackers, what does that now mean for the agency? In this podcast, the Planet Money team discusses the roots of how the multi-billion-dollar industry came to be. One may think that the large hack will only pose a threat to individuals’ identities, but think about how it can negatively impact the economy as well.

Original Air Date: October 13, 2017

Length: 3 minutes 37 seconds

North Korea’s Capitalists   Leave a comment

This photo taken on July 28, 2013 shows customers shopping at a supermarket in Pyongyang. Chinese yuan, US dollars, euros and tea bags. Money can come in many forms in North Korea, but as a foreign visitor you'll probably never even see a local banknote, let alone use one. AFP PHOTO / Ed Jones (Photo credit should read Ed Jones/AFP/Getty Images)Link: http://www.npr.org/sections/money/2017/10/13/557645729/episode-800-north-koreas-capitalists?utm_term=nprnews&utm_content=bufferffd48&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Summary: Learn about a little group in North Korea, called the ‘donju.’ The economic prosperity that they developed went on to support the country’s nuclear program and contributed to the growth of their economy. This was all made possible when Kim Jong Un began allowing consultants from overseas to educate  North Korean entrepreneurs on accounting, trade, and management. They did this without daring to actually call it a spread of capitalism, as North Korea still remains a strict socialist country.

Original Air Date: October 13, 2017

Length: 24 minutes 25 seconds

Discussion prompt (1): Having listened to this podcast, what type of economic system do you think North Korea has? What impact do you think this system has on people, businesses and the government. Use specific examples from the podcast to support your answer.

Discussion Prompt (2): The podcast points out that in N Korea’s economic system “the state technically owns everything.” How does this impact the ‘Donju’?  Think particularly how it impacts the incentives they face to start and grow a business (contributing to economic development).

Discussion Prompt (3): Why would entrepreneurship not be something typically observed in a Centrally Planned/Socialist country? How are the economic incentives of this system related to this lack of entrepreneurship? According to this podcast, how did the economic actions of the Donju contribute to economic growth in N. Korea?