Archive for the ‘Planet Money’ Category

Northern California Wildfires Destroy Thousands Of Businesses   Leave a comment

4971832860_8c25345e37_zLink: http://www.npr.org/2017/10/12/557444669/northern-california-wildfires-destroy-thousands-of-businesses

Summary: There are many factors that can damage businesses, but not all businesses can say that mother nature is a leading factor in disrupting their operations. Winery businesses located in Sonoma and Napa counties are the main focus of this podcast, discussing how Northern California wildfires have made business owners realize just how detrimental they are to not only the future of their businesses, but to them and their employees as well.

Original Air Date: October 12, 2017

Length: 3 minutes 34 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?

 

Organic Industry Sues USDA To Push For Animal Welfare Rules   Leave a comment

chicken

Link: http://www.npr.org/sections/thesalt/2017/09/13/550607440/organic-industry-sues-to-push-animal-welfare-rules

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

Fed’s Departing Vice Chair On Stocks, The Federal Debt And Transparency   Leave a comment

Link: http://www.npr.org/2017/10/11/556973877/fed-s-departing-vice-chair-on-stocks-the-federal-debt-and-transparency

Summary: In this podcast, economics meets finance. We learn how Stanley Fischer, the departing vice chair of the Fed, connects interest rates to the stock market, how he views the level of transparency of the Fed, and we learn his input on how the country’s economy has been functioning as a whole.

Original Air Date: October 11, 2017

Length: 5 minutes 28 seconds

Budget Time   Leave a comment

budget timeLink: http://www.npr.org/sections/money/2017/07/07/535987825/episode-782-budget-time 

Summary: The Planet Money team uses a ten minute block of time to demonstrate the allocation of the U.S. federal budget. Each program gets the same percent of ten minutes as the percentage it makes up of the total budget.

Original Air Date:July 7, 2017

Length: 15:49

The Hydrox Resurrection   Leave a comment

hydroxLink: http://www.npr.org/sections/money/2017/08/23/545546014/episode-652-the-hydrox-resurrection 

Summary: Planet Money tells the tale of a man trying to bring back the forgotten Hydrox brand.  Discussion includes close substitutes, trademarks, patents, brands, and what they communicate to consumers.

Original Air Date: September 18, 2015

Length: 19:46

Special thanks to twitter@TiemesEsther for recommending this podcast

 

Posted September 5, 2017 by audioecon in Patent, Planet Money, Utility

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