Marketplace All-in-One Special Coverage from "Marketplace": The Real Costs
4 snips
Aug 25, 2025 
In this episode, Patrick Smith, a fourth-generation apple and hops farmer from Loftus Ranches, shares his insights on the economic trials facing agricultural producers in central Washington. He discusses the impacts of a hot and dry summer, including reduced water deliveries and labor challenges. Patrick highlights the complexities of seasonal planning amidst unpredictable trade policies and the ongoing pressures from inflation. His perspective sheds light on how these broader economic shifts affect everyday farming operations.
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Prepare And Act Fast On CPI Days
- Check expectations before the CPI release and pull the BLS PDF to scan tables quickly.
- Publish a short client note within an hour to act on initial CPI signals.
Declining Response Rates Undermine Early Estimates
- Falling survey response rates raise doubts about preliminary government estimates.
- Large revisions (e.g., payrolls) show initial figures can be misleading.
High Line Leisure Used To Measure Happiness
- Stacey and economist Alison Schrager lounged on the High Line to illustrate leisure counted in the Time Use Survey.
- The survey asks when and how happy people feel during daily activities to measure utility.