The Indicator from Planet Money

Sarah Gonzalez, a Planet Money reporter, joins to dive into ICE’s ambitious $100 million influencer recruitment strategy, likening it to past government campaigns. They also analyze China's record-breaking $1.2 trillion trade surplus and discuss the implications of cheap Chinese goods on local manufacturers. Finally, they reveal NASA's plans for a lunar nuclear reactor by 2030, exploring its potential to ensure continuous power for long-term lunar missions. Tune in for a whirlwind tour of economic currents and future space ambitions!

The revival of the Monroe Doctrine is explored, revealing its transformation from anti-imperialist roots to a tool for U.S. intervention. The hosts discuss how Trump’s version, dubbed the Donroe Doctrine, emphasizes spheres of influence rather than global cooperation. Key motives behind U.S. actions in Venezuela are linked to oil supplies, while Trump's fixation on low oil prices and interest rates comes to light. The discussion also highlights the risks of intervention and the significant historical context of U.S. policies in the region.

Darun Asamoglu, a Nobel Prize-winning economist from MIT, dives into the captivating world of narrative economics. He explains how compelling stories can shape economic behavior, using the Suez Canal as a prime example. Asamoglu discusses the role of high-status individuals in amplifying narratives and how this influence can sway investment decisions. The conversation also highlights the pitfalls of relying on narratives, as seen in the contrasting outcomes of Suez and Panama, urging us to critically evaluate the stories that drive our economic choices.

Federal Reserve Chair Jerome Powell is facing grand jury subpoenas, calling them a sham while highlighting severe stakes like potential criminal charges. The hosts dive into the Fed's dual mandate on policy, interest rates, and how they impact inflation. Trump’s grievances over interest rates add another layer of political tension. Discussion explores cost overruns in Fed building renovations, raising questions about legality. This all ties into a broader narrative of political pressure that threatens central bank independence.

Kyle Caldwell, a leader in Michigan's philanthropic scene, dives into the complexities of philanthropy in the face of dwindling government support. He discusses how foundations in Michigan provided rapid aid during a SNAP pause, leveraging technology to help thousands. However, Caldwell points out the unsustainable nature of such initiatives, cautioning against setting long-term precedents. He emphasizes the mismatch between the scale of philanthropic efforts and federal needs, highlighting philanthropy's role in funding innovative projects over large-scale solutions.

Karissa Tang, a driven 17-year-old high school senior from California, delves into her original research on how AI is reshaping job opportunities for teens. Triggered by her aunt's boba shop not hiring teenagers, she forecasts a chilling 27% decline in teen jobs by 2030, with cashiers facing the brunt. Karissa explores safer roles that require interpersonal skills and advocates for educational reforms like critical thinking and digital literacy to help students adapt to this evolving landscape.

Francisco Manaldi, Director of the Latin America Energy Program at Rice University, dives into the intricate history of Venezuela's oil industry. He clarifies misconceptions about President Trump's claims of stolen oil, explaining the country's ownership of its resources since the 1920s. The conversation explores the impact of nationalization, Chávez's expropriations, and how sanctions have further hindered recovery. Manaldi highlights Venezuela's untapped production potential while addressing the challenges of its heavy, sour crude and the need for political stability.

Lindsay Owens, head of the Groundwork Collaborative and former senior policy advisor, joins to explore grocery pricing dynamics. She discusses how data collection might allow stores to charge different prices to different customers. A study revealed a staggering 75% of items on Instacart had varying prices depending on the shopper. Owens warns of potential 'Instacart tax' costs adding up to $1,200 a year. The conversation touches on the implications of personalized pricing, likening it to a return to haggling in the digital age.

Jan Grillo, a seasoned journalist and author of the El Narco trilogy, delves into the intricacies of the cocaine trade. He explains how coca is cultivated in the Andes and transformed into market-ready products. As U.S. enforcement strategies shifted, traffickers adapted their routes, now using Mexico and Central America extensively. Grillo also uncovers Venezuela's emerging role as a vital transit hub and discusses troubling reports of government complicity in trafficking operations. This engaging conversation reveals the complex dynamics of a thriving illicit market.

Emily Fang, an NPR international correspondent, dives into the rising tensions between China and Japan. She explains the implications of Japan's Prime Minister Sanae Takaichi's provocative comments on Taiwan and China's state-organized boycotts in response. From canceled concerts and seafood import bans to the economic fallout affecting both nations, Fang unpacks how China uses boycotts as political tools. The episode also highlights the cultural impact on Chinese society and discusses past precedents, including the return of pandas as a sign of escalating tensions.