China Needs a Stimulus Bazooka

Oct 19, 2024

Anna Szymanski, an editor at Reuters specializing in business and finance, joins Josh Levine, host of Slate's Slow Burn, to dive into China's economic woes. They dissect new stimulus measures and the ramifications of sluggish growth and youth unemployment. The conversation shifts to a significant $7 billion estate tax and corporate governance issues at Boar's Head. Levine also reveals insights from the upcoming season of Slow Burn, exploring how Fox News transformed American politics and contributed to media polarization.

Ask episode

Chapters

Transcript

Episode notes

Intro

00:00 • 3min

Challenges in the Chinese Economy

03:26 • 13min

Global Challenges and Economic Realities

16:31 • 2min

Wealth Inequality and Corporate Governance

18:47 • 10min

Branding and Reputation in the Deli Meat Industry

29:13 • 4min

The Rise and Impact of Fox News

33:17 • 18min

A Generational Shift in Media Engagement

51:31 • 3min

Meta Firings and Consumer Rights

54:31 • 3min

Modern Subscription Services and Outdated Payment Practices

57:44 • 3min

This week: Big trouble in not-so-little China as the second-largest economy tries to get out of its post-COVID funk. Emily Peck, Elizabeth Spiers, and Reuters’ Anna Szymanski (filling in for Felix Salmon) discuss China’s new economic stimulus measures, which might be too-little, too late. They also discuss the secretive family behind Boar’s Head and a Sherwood piece about a mysterious $7 billion estate tax. Finally, Josh Levin joins to discuss the new season of Slow Burn, which explores how Fox News hijacked American politics.

In the Plus bonus mini-episode: Starbucks wanted to be a classy Italian espresso house, but it became a modern milkshake shop for teens to loiter and flirt. Are its sugar and caffeine-packed drinks bad for otherwise upstanding youths? Or is it good they’re hanging at the ‘Bucks rather than seedier haunts?

Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.

Podcast production by Jared Downing and Cheyna Roth.

Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more.

Learn more about your ad choices. Visit megaphone.fm/adchoices