Archive for the ‘Taxes’ Category

Why IBM Is Paying $1.5 Billion To Lose A Business   2 comments

UNITED KINGDOM - MAY 21:  The IBM 'Power6' chip displayed at a product launch in central London, U.K., Monday, May 21, 2007. IBM introduced servers with its Power6 processor, a chip that lets users boost computer performance or reduce energy use, stepping up competition with Hewlett-Packard Co. and Sun Microsystems Inc.  (Photo by Graham Barclay/Bloomberg via Getty Images)


Summary: IBM has fell 7 percent off its stock price this week. IBM is selling its chip making company to GlobalFoundries for $1.5 billion over the next three years. It would sound unconventional, except when looking to the future. IBM will be receiving chips for the next ten years from GlobalFoundries. Deals like this are exceedingly rare, but IBM has realized truth: it would be more costly to shut down than to sell, and they may be saving money in the end.

Original Air Date: October 20, 2014

Length: 2 minutes 22 seconds

Prompt / Discussion: Discuss how this type of deal differs from collusion.

The Giant Book That Creates And Destroys Entire Industries   Leave a comment

The Hansa Kirkenes carried all 6,078 of the Planet Money women's T-shirts from Cartagena, Colombia, to Miami.


Summary: In this podcast tariffs are examined, showing both their positive and negative affects on economies. Also mentioned is the Harmonized Tariff Schedule which gages how much each import is to be taxed

Original Air Date: December 12, 2013

Length: 5 minutes 20 seconds

Get Rich By Giving Up Lattes? Not So Fast   Leave a comment

US Barista Championship Held During Coffee Industry Expo In BostonLink:

Summary: There’s a theory in the personal finance industry known as the Latte Factor, which says give up the coffee drink and invest the money instead, and you’ll have enough to retire on. However, that theory doesn’t factor into the equation inflation and taxes, and is now being proven wrong.

Original Air Date: October 10, 2014

Length: 2 minutes 19 seconds

Adding Up the Cost of the Planet Money Tshirt   Leave a comment

adding up cost of planet money tshirtLink: 

Summary: A detailed review of the costs that went into producing the Planet Money t-shirt.

Original Air Date: December 13, 2013

Length: 21 min

The One Page Plan to Fix Global Warming   Leave a comment


Summary: Economist, Henry Jacoby, explains how an economist might introduce a carbon tax in the United States to address climate change. Includes a discussion of the conflicts of economics vs. politics.

Length: 19:51 min

Original air date: July 12, 2013

The Art of Living at the Poverty Line   Leave a comment


Summary: Discusses an immigrant woman’s ability to live below the poverty line while also utilizing all the resources available to her to provide the best life to her young son. Discusses whether transfer payments are good or bad investments.

Length: 22:17 min

Original air date: May 24, 2013

Posted June 6, 2013 by audioecon in Efficiency, Government, Planet Money, subsidy, Taxes

We’re Headed For A Fiscal Cliff. Should We Jump?   Leave a comment


Summary: The team outlines the fiscal policies slated to be enacted in January after the presidential election. Simon Johnson, an economist and professor at MIT, explains the harsh realities of the “fiscal cliff” which the year 2013 will bring for the U.S. economy.

Original air date: April 24, 2012

Length: 21:20 min

Allowance, Taxes and Potty Training   2 comments


Joshua Gans and his three children.

Summary: Interview with Economist Joshua Gans, author of Parentonomics, on the use of incentives for children and the lessons for economic policy

Original air date: August 20, 2010

Length: 18:09

Main story content begins: 2:42

Discussion Prompt: Why do you think it was difficult at first to determine the right reward to give to provide an incentive for the kids to use the potty? How do you think this discussion of incentives helps us understand  the economic idea that “incentives and economic systems impact choice in predictable ways”?

Follow-up Prompt: The podcast also talked about the idea of ‘budget constraint’ through Bea’s allowance and about the concept of ‘leakage’ in an economic system. What do budget constraint and linkage mean and how are they demonstrated here? How do they help us understand the behavior of the children in this podcast? Can you think of any other examples of leakage associated with incentives, perhaps at the government level?

Bloody, Miserable Medieval Economics   1 comment


A medieval re-enactor talks on his cell phone

Summary: Discussion of the economics of a French village in the middle ages.

Original air date: July 27, 2009

Length: 21:55

Main story content begins: 3:18

Posted July 27, 2012 by audioecon in History of Economics, Planet Money, Taxes, Trade

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The Surprisingly Entertaining History of the Income Tax   2 comments

image of Donald Duck from the spirit of '43Link:

Summary: A discussion of the origins and history of the income tax in the U.S.

Original Air Date: March 23, 2012

Length 19:20

Main story content begins: 3:12

Posted July 5, 2012 by audioecon in Government, Planet Money, Taxes