The Indicator from Planet Money Brain-controlled iPhones, a Japanese asset buy-a-thon, and Trump tax cut debt
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May 16, 2025 This week, foreign investment in Japan is on the rise as U.S. tariffs cause market shifts. Meanwhile, fascinating breakthroughs in brain-controlled iPhones showcase the potential for tech to aid those with movement impairments. The discussion also delves into the political landscape surrounding Medicaid and the implications of Trump's tax cuts on social programs. Laughter ensues as the hosts share a cynical take on technology's impact in our lives, blending humor with insightful commentary on the future of innovation.
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Japanese Asset Buying Surge
- In April, foreign investors bought Japanese stocks and bonds worth 8.2 trillion yen, the largest amount since 2005.
- This shift was triggered by fears from U.S. tariff announcements causing investors to flee U.S. treasuries and seek safety in Japan.
Medicaid’s Political Shift
- Paying for Trump's tax cuts will cost $3.8 trillion over ten years, sparking budget fights in Congress.
- Medicaid is becoming a political third rail, as many potential beneficiaries reside in Republican-led states, complicating proposed budget cuts.
Brain-Controlled iPhone Demo
- Apple and brain implants company Synchron are developing devices that let people control phones by thinking commands.
- A man with ALS tested the implant, moving inside a virtual reality Swiss Alps environment using only his thoughts.