The Indicator from Planet Money

Dive into the complexities of tariffs and currency with insights from a New Jersey bag manufacturer. Discover how well-intentioned policies might strengthen global competition, and follow an entrepreneur's journey in balancing local production with overseas manufacturing. Uncover the challenges faced by small businesses amidst rising import costs and the intricate dance of negotiations they must perform. Additionally, explore the vital role of diversification in navigating unpredictable market conditions—all while peeling back the layers of trade and finance.

Sally Hersheps, a reporter known for her insightful takes on economic trends, dives into the evolving world of job references. She discusses how the process has shifted from simple phone calls to detailed written evaluations. This transformation raises questions about the actual value of references today. Legal risks for employers complicate the situation, leading many to limit the information they share. As technology advances, the relevance of traditional references is waning, with new hiring methods on the rise in many industries.

The incoming administration may become the wealthiest in U.S. history with appointees worth over $300 billion. Experts discuss the rise of billionaires in politics and the implications for governance. There's a notable trend where billionaires hold significant political roles, potentially prioritizing their interests over public needs. The risks of disconnection from everyday citizens are weighed against the promise of innovative ideas. Concerns about conflicts of interest and their influence on democracy highlight the complexities of wealth in government.

Simon Rabinovitch, an Economist for The Economist, discusses why the U.S. economy thrives despite global challenges. He highlights structural advantages like productivity, business dynamism, and technological progress. The Great Shale Revolution's impact on stability is explored, showing how wages in underserved areas can outperform those in developed nations. Rabinovitch also examines the dominance of the U.S. stock market and the dollar's global status, revealing facets that contribute to America's economic strength amidst potential risks from political shifts.

This week dives into the fallout of a failed supermarket merger, with a hefty $600 million breakup fee and bickering between industry giants. It also touches on the cutting-edge advancements in quantum computing and how they're shaking up the food sector. Plus, holiday cheer is front and center as Christmas tree prices drop, signaling a return to healthier market conditions. Join the festive exploration of economics that impacts our everyday lives!

Discover the inspiring journey of a Syrian economist exiled by civil war, who continues to fight for freedom from afar. He uncovers troubling financial patterns of how the Assad regime exploits humanitarian aid. This story not only highlights the resilience of individuals committed to change but also reveals the significant risks faced by those providing crucial information about economic mismanagement during the conflict.

The Federal Reserve's last Beige Book of 2024 is like Spotify Wrapped but for the economy. There's a little bit of everything inside — labor markets, inflation and even natural disasters. On today's show, we spotlight Western North Carolina's challenging recovery after Hurricane Helene, and check in with an Asheville malt manufacturer on the impact to local businesses. For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

In a shocking tale, Mozambique's hidden debt scandal unveiled over $1 billion in secret borrowing linked to a tuna fishing initiative. Economists delve into the haunting consequences of undisclosed public debt, revealing staggering figures hidden across 150 nations. The discussion highlights how such financial misconduct leads to crises, like those experienced in Greece and Mozambique, plunging individuals into poverty and sparking austerity measures. The alarming revelations shed light on the critical issue of transparency in government borrowing.

Steve Martin, Faculty Director of Behavioral Science at Columbia Business School, dives into the intricacies of influence in professional settings. He challenges the common belief that mere information sharing sways minds, using a fascinating recycling study as a backdrop. Listeners also gain insight into the psychology behind financial requests, emphasizing timing and ethical storytelling. The discussion highlights the importance of mastering influence to improve motivation and build stronger workplace relationships.

Richard Reeves, President of the American Institute for Boys and Men, sheds light on the economic struggles faced by men without college degrees. He highlights how their wages have stagnated compared to previous generations, and emphasizes the importance of rethinking societal roles beyond financial success. The discussion reveals wage disparities since 1979 and addresses the urgent need for alternatives to traditional education pathways, such as apprenticeships, to help elevate this demographic's economic standing.