Link: 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
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?
Summary: There is a thoughtful process behind the eggs that a consumer purchases from the grocery store. In this podcast, organic industries argue that meeting the basic needs of birds is crucial. This includes providing chickens the access to the outdoors where they can freely roam. As it is in everybody’s interest to shop for organic eggs from chickens that are “cage-free”, the organic industry demands the U.S. Department of Agriculture to implement new rules regarding animal welfare.
Original Air Date: September 13, 2017
Length: 2 minutes 32 seconds
Link: http://www.npr.org/2017/09/13/550607377/how-the-minimum-wage-affects-restaurant-hygiene
Summary: Cities across the U.S. have been making efforts to increase the minimum wage, which would impact restaurant workers. However, this move results to unexpected side effects due to the higher costs that restaurants will have to face, leading them to cut back on some services. This story discusses how the effects on increasing the minimum wage ties with the hygiene of restaurants and suggests potential steps that the restaurants can take to minimize their health violations.
Original Air Date: September 13, 2017
Length: 3 minutes 35 seconds
Link: http://www.npr.org/sections/money/2017/08/04/541643346/episode-787-google-is-big-is-that-bad
Summary: The Planet Money team focus on the recent European Commission decision that Google violated anti trust rules. They discuss the context of the seven year consideration of the question whether Google has too much power over the Internet. Includes consideration of how the question is viewed differently in the U.S. and how this specific case helps us think generally about issues of competition.
Original Air Date: August 4, 2017
Length: 16:42
Link: http://wwno.org/post/04192017-report-land-quarterly-profits-and-losses
Summary: In this marketplace podcast, they discuss the latest earnings of Yahoo, IBM and Volkswagen. Marketplace also introduces two cities that are changing; New York City and Pittsburgh. New York City is looking to disallow employers from asking candidates about past salary, and Pittsburgh is trying to shake the “Steel City” nickname for “Robo-burgh”.
Original Air Date: April 19, 2017
Length: 6 minutes 50 seconds
Link: http://www.npr.org/sections/money/2016/12/09/504999255/episode-741-amy-and-steve-vs-facebook
Summary: When social media was beginning to explode in the mid 2000’s, Steve had an idea that would eliminate having to login into three different sites with different usernames and passwords. One problem: Facebook sued, causing a lengthy legal battle that impacts everyone. Planet Money investigates how Steve and a $55 per hour lawyer took on Facebook and their $1000 per hour lawyers.
Original Air Date: December 9, 2016
Length: 18 minutes 9 seconds
Link: 