Slate Money

Lionel Barber, author of "Gambling Man" and former editor of the Financial Times, dives into the audacious world of Masayoshi Son, a tech maverick known for his billion-dollar bets. The discussion reveals Son's risk-taking strategies and his pivotal role in backing Alibaba. Barber highlights the tumultuous journey of Northstar, his hedge fund's daring investments during market recoveries, and the interplay of cultural tensions in Japan's tech landscape. Listeners will explore how long-term vision drives innovation amidst challenges.

Dive into the intriguing world of political campaigns as billionaires like Elon Musk attempt to sway votes with clever tactics. Discover the complex dynamics of campaign financing and how nonprofits navigate political waters. The conversation also explores prediction markets versus traditional polling, shedding light on which might better forecast elections. Plus, a look at how many Americans manage their finances, balancing luxury with the reality of living paycheck to paycheck, amidst a landscape of evolving economic perceptions.

Russ Buettner and Susanne Craig, Pulitzer Prize-winning investigative reporters from the New York Times, dive into the financial fabrications of Donald Trump. They unravel the myths about Trump's business success, revealing his reliance on familial wealth and media hype. The duo discusses Trump's real estate failures, his perilous relationship with his father, and the elusive nature of his financial acumen. From failed ventures to the branding that catapulted him into fame, they dissect how deception played a key role in Trump’s public persona.

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.

Peter S. Goodman, a global economics correspondent for the New York Times and author of "How the World Ran Out of Everything," delves into supply chain fragility. He reveals how the pandemic exposed vulnerabilities in the 'just-in-time' logistics model, risking future shortages. Goodman discusses the monopolistic practices of major retailers and the impact of deregulation on shipping, which favors large corporations over small exporters. He warns that without systemic change, another breakdown could leave store shelves empty again.

The discussion highlights the economic impact of hurricanes and the challenges of rising insurance costs. A captivating tale unfolds about a Canadian carpenter who skyrocketed from $88,000 to $400 million through Tesla options trading, only to face financial ruin. The hosts explore the implications of climate change on home ownership and the troubling lack of flood insurance in high-risk areas. They also touch on the evolving perceptions of diamonds, comparing lab-grown to natural stones, and share thoughts on the benefits of taking a sabbatical.

The Longshoremen's strike ends with a significant pay increase after White House intervention. Discussion revolves around the implications of automation on dockworkers and public sentiment towards unions. OpenAI grapples with massive losses post-investment, while Dish Network's potential acquisition of DirecTV faces hurdles due to crippling debt. The conversation also delves into the ethics of for-profit models in tech and the changing landscape of telecommunications. Plus, a humorous take on chicken tenders and a spirited pizza debate wraps up their chat.

Brigid Schulte, author and work culture reformer, teams up with labor commentator Emily Peck to tackle America's struggle with overwork. They dissect the detrimental impacts of relentless hustle on well-being, particularly among low-wage workers facing financial instability. The discussion dives into insights from countries with better work-life balance, advocates for a four-day workweek, and emphasizes the role of unions in improving conditions for essential jobs. Together, they inspire a reimagining of our work culture for a healthier, happier future.

Bloomberg reporter Kim Bhasin joins the hosts to dissect the decline of Nike, exploring how leadership changes and a direct-to-consumer shift have hurt the brand's cool factor. They dive into the evolving sneaker culture and competition that leave Nike struggling to retain its appeal. Bhasin also sheds light on Jamie Salter's success in revitalizing 'zombie brands.' Additionally, the group discusses Visa's monopolistic practices and what the DOJ's lawsuit could mean for consumers. The mix of nostalgia and current market trends makes for an engaging conversation!

Mortgage rates have dipped and inflation is cooling down, indicating a fresh start for the economy. The panel discusses the implications of the Fed's interest rate cut on voters and the labor market. They also tackle Trump's bold tax cut promises, questioning their viability. Meanwhile, Tupperware faces bankruptcy but finds new life in the underground sharing scene. Plus, discover how a quirky Japanese invention—bread lamps—has become surprisingly popular.