Archive for the ‘Politics & economics’ Category

When it comes to immigration, family ties may no longer bind   Leave a comment

Screenshot-2017-10-30 When it comes to immigration, family ties may no longer bindLink: https://www.marketplace.org/2017/10/09/economy/when-it-comes-immigration-family-ties-may-no-longer-bind

Summary: A large percentage of immigrants move to the United States because they are related to someone who is an American citizen. Whereas, a smaller portion of immigrants come from workers who get visas because they have some needed skill in the workforce. In this podcast, Marketplace considers how a country can find a balanced policy in immigration reform. If immigration is too limited for the labor market, employers lose the number of unskilled workers that they may need for the success of their companies.

Original Air Date: October 9, 2017

Length: 2 minutes 7 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

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?

 

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

As cigarette sales shrink, so do tobacco settlement payouts to states   Leave a comment

Link: http://www.marketplace.org/2016/04/14/life/fewer-smokers-means-looming-defaults-state-bonds

Summary: In 2016 states collected over $25 billion from tobacco settlements. Marketplace looks at the  criticisms of how that money is  allocated and what states will do when that money runs out.

Original Air Date: April 15, 2016

Length: 6 minutes 59 seconds

A warning for parched China: a city runs out of water   Leave a comment

Link: http://www.marketplace.org/2016/04/21/world/warning-parched-china-city-runs-out-water

Summary: A northern city in China has run out of water, increasing pressure between the government and it’s constituents. Marketplace explores this multifaceted issue in regards to the future of China’s economic development.

Original Air Date: April 25, 2016

Length: 7 minutes 2 seconds