Slate Money

This week, the team dives into the surprising reversal on TikTok's ban and the implications of a potential American stake. They also analyze Trump's controversial launch of a meme coin and the mixed reactions from the crypto community. Additionally, the phenomenon of digital shoplifting among Gen Z and Millennials is scrutinized, revealing a bold challenge to traditional consumer ethics. The episode juxtaposes political maneuvering with the evolving landscape of social media and cryptocurrency, illuminating the complexities of modern digital culture.

Harold Pollack, a Helen Ross professor at the University of Chicago and co-author of The Index Card, shares his personal journey of navigating the financial challenges of caregiving after his brother-in-law came under his care. He discusses the hidden costs and gender dynamics associated with long-term caregiving. Pollack emphasizes the simplicity of financial wisdom through practical advice, while also addressing the emotional complexities faced by families and the need for better access to disability benefits. The conversation highlights urgent societal needs surrounding caregiving.

In a gripping discussion, the hosts delve into President Biden's warning about the rise of oligarchy in the U.S., debating the influence of wealth on democracy. They also tackle the FDA's lawsuit against John Deere, exploring the right to repair and consumer frustrations with planned obsolescence. Additionally, the decline of activist short sellers is analyzed, reflecting on their role in market corrections and the changing landscape of investing. The conversation paints a vivid picture of contemporary challenges in power dynamics and consumer rights.

Los Angeles faces its worst wildfire yet, with damages soaring to $50-60 billion, putting pressure on an already strained insurance system. Debate ensues over the ethics of using incarcerated individuals as firefighters amid climate challenges. Meanwhile, Meta shifts its content moderation policies, raising concerns about hate speech and its effect on advertisers. Lastly, New York City's new congestion pricing offers a glimpse into urban management strategies, drawing comparisons to successful models in London.

Jane Marie, a Peabody and Emmy Award-winning journalist and host of "The Dream," dives into the murky waters of multi-level marketing (MLMs) and their impact on American consumers. She reveals the dark side of MLMs, detailing personal stories of psychological manipulation and financial losses. Marie also explores the origins of these companies, spotlighting Brownie Wise's legacy with Tupperware. The discussion critiques the misleading tactics MLMs use to lure individuals, especially women, into their webs—challenging the notion of the American Dream.

A celebrity feud has escalated into a legal battle, revealing the intricate relationship between PR strategies and reputation management in Hollywood. The decline of net neutrality poses challenges for smaller businesses in favor of major corporations. Meanwhile, changing trends in alcohol consumption highlight a growing shift away from traditional drinking habits, leaving the tequila industry in a surplus. The discussion flips between light-hearted anecdotes and serious business implications, providing an entertaining yet thought-provoking look at modern consumer behavior.

Join Nobel Prize-winning economist Paul Krugman as he dives into the complexities of tariffs and trade, particularly during the Trump administration. He reveals the impacts of a 20% tariff on China and the renegotiated USMCA on U.S. relations with Canada and Mexico. Krugman also discusses the evolving relationship between political decision-making and economic theory, and how Biden’s policies are reshaping the economic landscape. Plus, he offers insights on the American healthcare system, comparing it to global models and addressing public sentiment for reform.

Mary Childs, co-host of Planet Money and author of "The Bond King," dives deep into the complexities of stock market predictions using the Fama-French model. She highlights the shifting nature of financial numbers and the clash between empirical finance and legal perspectives. Discussions also include the historical performance of value stocks versus growth stocks, challenges in creating reliable datasets, and philosophical questions about the reality behind financial numbers. Childs' sharp insights make this exploration of finance both thought-provoking and entertaining.

Richard Milne, Nordic and Baltic bureau chief for the Financial Times, shares insights on Northvolt, the ambitious Swedish battery startup that recently filed for bankruptcy. He discusses Northvolt's meteoric rise and the fierce competition from Asian manufacturers that led to its fall. The challenges of establishing a local supply chain and the impact of management issues and financial missteps are examined. Milne also reflects on the broader implications for Europe’s battery industry and electric vehicle market in the wake of Northvolt's collapse.

Misinformation from a billionaire caused a government shutdown, showcasing the power of social media in politics. The team delves into Brazil's economic crisis and insights on the recent Fed rate cut, highlighting global economic dynamics. Labor strikes at Amazon and Starbucks bring attention to the evolving landscape of workers' rights and union negotiations. As economic policies shape trade and currency strength, exciting discussions on market timing and cryptocurrency trends unfold.