Archive for the ‘Politics & economics’ Category

The Even More Minimum Wage   Leave a comment

Link: https://www.npr.org/2021/03/12/976465414/the-even-more-minimum-wage

This podcast discusses the history and the impact of low wages received by restaurant workers. The federal “tipped” minimum wage has remained stagnant for almost 30 years, while the standard minimum wage has been increased 5 times throughout that time. Policy makers in Washington DC are now proposing the Raise the Wage Act, which, if enacted, would raise the federal minimum wage incrementally to $15 an hour for all workers in all industries, including tipped workers.

Original Air Date: March 17, 2021

Length: 21 minutes and 22 seconds

Where Does the Money for Stimulus Checks Come From?   Leave a comment

Link: https://www.marketplace.org/shows/make-me-smart-with-kai-and-molly/where-does-the-money-for-stimulus-checks-come-from/

$1.86 trillion in relief spending has been authorized by congress, which will be financed by the sale of government bonds and other debt instruments. The Federal Reserve Bank will purchase many of these bonds which will cause an inflow of money into the economy. This podcast also elaborates on the inflationary implications of the stimulus checks entering the economy.

There is also discussion of Google’s market power and vaccination progress.

Discussion Prompt: What is the intended goal of the stimulus checks and what unintended consequences can arise as a result?

Original Air Date: March 17, 2021

Length: 19 minutes and 34 seconds

What do Leaked Financial Documents Reveal about Dirty Money in Banking?   Leave a comment

Link: https://www.brookings.edu/podcast-episode/what-do-leaked-financial-documents-reveal-about-dirty-money-in-banking/

Despite national and global efforts to discourage money laundering, there were recent reports from the Financial Crimes Enforcement Network suggest suspicious transactions and funding during the investigation of Russian interference in the 2016 election. This podcast further discusses some of the failures of banks to report suspicious activities in a timely manner. Matthew Collins from the Brookings Institute states that if our government really wants to hammer down on money laundering and other financial crimes, it is crucial to invest more funds into regulatory bodies such as FinCen.

Original Air Date: September 24, 2020

Length: 12 minutes 20 seconds

Shruti Rajagopalan on the Past, Present, and Future of the Indian Economy   Leave a comment

Link: https://macromusings.libsyn.com/shruti-rajagopalan-on-the-past-present-and-future-of-the-indian-economy

Rajagopalan, senior research fellow at the Mercatus Center discusses the progress of India’s economy over the years. She compares the size of India’s economy compared the countries such as the U.S. and China, as well as how previous reforms have affected their economy and further reforms in their economy that could improve its development.

Original Air Date: October 19, 2020

Length: 1 hour, 6 minutes

Women in Economics: Lael Brainard   Leave a comment

Link: https://www.stlouisfed.org/timely-topics/women-in-economics/lael-brainard

Lael Brainard, who is a member of the Board of Governors at the Federal Reserve, discusses the reasons why she pursued a career in economics. She discusses her time living in different countries and her interest in the reasons different economic systems alter individuals’ opportunities and wellbeing. She also discusses the necessity for more diversity in terms of race and gender in the field to ensure different perspectives are accounted for.

Original Air Date: November 14 2018

Length: 16 minutes

Posted October 29, 2020 by meaghanprice3 in Politics & economics

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Political Ad Nauseam   Leave a comment

Link:https://www.npr.org/2020/10/09/922424987/political-ad-nauseam

With the presidential election coming up, NPR looked into how much money campaigns pay for certain demographics of voters. Approximately 60% of campaign spending is typically targeted at TV ads in battleground states such as Wisconsin and Florida. Using a generic party model, campaign advertisers are able to identify which individuals have a higher probability of being a “swing voter”.

Original Air Date: October 9, 2020

Length: 22 minutes 35 seconds

America Unemployed   Leave a comment

Link: https://www.npr.org/2020/03/27/822944544/episode-986-america-unemployed

Within the past week, over 3 million people have filed for unemployment, a record number in the United States. Unemployment insurance was intended to help people, while also providing motivation to seek work. Seeking work, however, is close to impossible when you cannot leave your home.

Original Air Date: March 28, 2020

Length: 22 minutes 58 seconds

Discussion Prompt: What are the incentives inherent in the unemployment insurance policy? Do you believe the pandemic will change who qualifies for unemployment/how accessible unemployment benefits in either the short- or the long-run? 

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?

Could a Wealth Tax Work?   Leave a comment

Link: https://www.npr.org/2019/07/24/744962126/episode-929-could-a-wealth-tax-work

2020 presidential candidate Elizabeth Warren wants to impose a wealth tax on the ultra wealthy, which would generate billions of dollars of revenue. This tax would include any assets, securities, trusts, bank deposits and more. How will the United States make this tax work when it has failed so many times in European countries?

Original Air Date: July 24, 2019

Length: 22 minutes 36 seconds

Stimulus Response   Leave a comment

Stimulus ResponseLink: https://www.npr.org/sections/money/2018/02/14/585844313/stimulus-response

Summary: What would a liberal economist say about the state of America’s economy today? THE INDICATOR discusses how the country’s economy may need some form of stimulus to boost further economic growth.  However, would the benefits of the short run stimulus for the economy that we say we need, outweigh the cost of the long-term tax cuts?

Original Air Date: February 14, 2018

Length: 6 minutes 30 seconds