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The Economics of Everyday Things

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7 snips
Nov 22, 2024 • 11min

Stadium Names, from The Indicator

Discover how Florida International University's football stadium got its name from the rapper Pitbull, highlighting the interesting intersection of sports and celebrity branding. Dive into the financial dynamics of college athletics and the challenges faced in maintaining successful programs. Learn about the rise of celebrity naming rights in sports and the innovative partnerships that create new revenue opportunities. This unique collaboration not only benefits the university but also amplifies Pitbull's brand, showcasing a bold shift in sports economics.
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19 snips
Nov 18, 2024 • 20min

71. Mannequins

Stacie Bornn, the Vice President of Sales, Marketing, and Creative at Fusion Specialties, dives into the captivating world of mannequins. She discusses how these silent figures play a crucial role in retail, boosting sales and enhancing customer experiences. The conversation touches on the evolution of mannequins towards inclusivity and the ingenious recycling initiatives that breathe new life into discarded ones. Stacie also highlights the artistic significance of mannequins and their nostalgic connections to shoppers.
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5 snips
Nov 11, 2024 • 21min

70. Prison Labor

Incarcerated people grow crops, fight wildfires, and manufacture everything from motor oil to prescription glasses — often for pennies per hour. Zachary Crockett reports from North Carolina.SOURCES:Laura Appleman, professor of law at Willamette University.Christopher Barnes, inmate at the Franklin Correctional Center.Lee Blackman, general manager at Correction Enterprises.Brian Scott, ex-inmate, former worker at the Correction Enterprises printing plant.Louis Southall, warden of Franklin Correctional Center.RESOURCES:"Prisoners in the U.S. Are Part of a Hidden Workforce Linked to Hundreds of Popular Food Brands," by Robin McDowell and Margie Mason (AP News, 2024)."Ex-Prisoners Face Headwinds as Job Seekers, Even as Openings Abound," by Talmon Joseph Smith (The New York Times, 2023)."Captive Labor: Exploitation of Incarcerated Workers," by the American Civil Liberties Union and the University of Chicago Law School Global Human Rights Clinic (2022)."Bloody Lucre: Carceral Labor and Prison Profit," by Laura Appleman (Wisconsin Law Review, 2022)."Prison Labor Is on the Frontlines of the COVID-19 Pandemic," by Eliyahu Kamisher (The Appeal, 2020).Correction Enterprises.EXTRAS:"Can Data Keep People Out of Prison?" by People I (Mostly) Admire (2023).
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6 snips
Nov 4, 2024 • 20min

69. Highway Signs

Discover the intricate world of highway signage and its vital role in guiding millions. Delve into the manufacturing process, where community pride and skilled labor come together, including the surprising involvement of incarcerated workers. Explore the evolution of sign standards and the technologies enhancing visibility and safety for all. Financial challenges and government policies also shape this landscape, while eco-friendly innovations are on the rise. Get ready to see road signs in a whole new light!
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8 snips
Oct 28, 2024 • 19min

68. Zoo Animals

Dwight Lawson is the Executive Director and CEO of the Oklahoma City Zoo, while Hollie Colahan serves as Deputy Director of the Birmingham Zoo and chairs the AZA's Animal Population Management Committee. They dive into the fascinating dynamics of animal acquisition in zoos, explaining how cooperation among institutions ensures genetic diversity and responsible sourcing of species. The conversation also touches on the financial and ethical challenges modern zoos face, revealing their critical role in wildlife conservation and the personal connections they foster between animals and visitors.
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Oct 21, 2024 • 22min

67. Tow Trucks

Bill Giorgis, President of Mike's Wrecker Service, shares insights into the towing industry, revealing it as a challenging yet essential service. Max Karimi, co-owner of H&M Roadside, discusses ethical dilemmas, revealing the complexities between helping drivers and dealing with predatory towing practices. Teresa Murray brings attention to consumer protection issues and the need for regulatory reforms. Together, they explore the dual identity of tow truck drivers as both heroes and villains, while addressing financial and operational hurdles within the industry.
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Oct 14, 2024 • 20min

66. Stradivarius Violins

Frank Almond, a distinguished violinist and concertmaster, joins Ziv Arazi and Bruno Price, co-owners of Rare Violins of New York. They dive into the rich history and craftsmanship of Stradivarius violins, especially the coveted Lipinski. Discussions highlight the unique blend of artistry and investment in rare instruments. They also explore the emotional connections musicians have with these historic pieces while addressing the complex economics behind ownership and the intriguing tales of theft and recovery that surround these prized violins.
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Oct 7, 2024 • 19min

Card Counting (Replay)

Bill Zender, co-founder of a casino consulting firm and former blackjack expert, shares insights into the world of card counting. He discusses the fascinating journey from novice to skilled player, revealing the misconceptions casinos hold about the technique. The podcast delves into the legal gray areas surrounding card counting and the extreme measures casinos take to protect their profits. Zender also highlights the persistent challenges faced by card counters, including personal encounters with security and the ongoing evolution of casino strategies.
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Sep 30, 2024 • 23min

65. Stock Photos

Yuri Arcurs, CEO of PeopleImages and a leading stock photographer, shares his insights on the dynamic world of stock photos. He discusses how the industry has evolved from elite services to accessible resources for all, navigating the complexities of market trends and consumer demand. Yuri explains the meticulous process needed to create authentic imagery and the growing importance of diversity in model selection. With AI changing the landscape, he emphasizes the essential role of human creativity in photography and the often-overlooked economic impact of stock images.
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12 snips
Sep 23, 2024 • 22min

64. Sushi Fish

Discover the fascinating journey of fresh tuna from Japan to Nebraska and the intricate supply chain behind your favorite sushi rolls. Explore the emotional highs and lows of fishermen dealing with strict catch quotas and the secret world of tuna grading and auctioning. Hear about the innovative strategies chefs in landlocked areas employ to source quality fish, as well as the challenges they face compared to coastal markets. Finally, dive into how globalization has revolutionized food accessibility, making luxury sushi a staple in today's dining experience.

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