Ones and Tooze

Hosts Adam Tooze and Cameron Abadi look at the Jackson Hole Economic Symposium taking place this week and talk about its history and its significance in influencing world economics. And in the second segment the two discuss the massive teacher shortage occuring in the United States this year and how teacher salaries have failed to keep pace with the salaries of similarly educated professionals. Learn more about your ad choices. Visit megaphone.fm/adchoices

For the news data point this week Cameron and Adam look at the proposed merger of Penguin Random House with Simon & Schuster as well as the tragic attack on acclaimed novelist Salman Rushdie. The two then discuss the overall state of the publishing industry and how digitization has impacted the business model for major publishing houses as well as their relationship with libraries.In the second segment the two discuss the astronomical inflation currently underway in Argentina. Adam gives a historical look back at the Argentine economy and details the decline that has lasted for nearly a century. The two also talk about how uncertainty in the price of food has had a negative impact not only on GDP but mental health as well. Learn more about your ad choices. Visit megaphone.fm/adchoices

On the show this week: The Inflation Reduction Act isn't the climate change revolution that some Democrats had hoped for. But it could signal a shift in the power balance between the fossil fuel industry and the renewable energy industry.Also: How much will it cost to rebuild Ukraine when the war finally ends and who will foot the bill? Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Cameron and Adam discuss how the US dollar has reached near parity with the Euro and is the strongest it's been in nearly two decades. The two review what that means for exports and imports and what it says about the overall strength of the US economy. Plus a look at how some Americans are finding it cheaper to buy homes in Europe rather than the US and what that says about the housing markets at home and abroad. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dive into the unsettling world of stagflation, where inflation meets stagnation, and ponder its implications for the global economy. Explore the recent U.S. GDP drop and what it means for America’s financial health. Then, shift gears to the thrilling realm of dinosaur fossils, where a raptor skeleton sold for a jaw-dropping $12.4 million. Consider the ethical dilemmas of fossil ownership and how celebrity collectors disrupt access for museums. It's a captivating mix of economics, history, and the potential for de-extinction!

Italy's political landscape is a whirlwind, with 67 governments in 75 years! Recent turmoil follows the resignation of Prime Minister Mario Draghi, amid economic strains like a staggering debt crisis and internal coalition conflicts. The rise of right-wing parties adds intrigue to upcoming elections. Meanwhile, the podcast tackles the urgent global hunger crisis, linking it to issues like the Ukraine conflict and systemic food insecurity, prompting a discussion on how political instability affects the broader socio-economic landscape.

The podcast dives into Saudi Arabia's Vision 2030, aimed at reducing oil dependency through economic diversification. It discusses the challenges of this transformation, emphasizing investments in tourism and healthcare while navigating political stability. The show also examines the complexities of the global energy crisis and the environmental impacts of aviation, touching on sustainable fuel options. Lastly, it highlights the intricate interplay between demographics and economic stability, particularly concerning declining birth rates and migration challenges.

Adam and Cameron discuss the recent plunge in crude oil prices and its potential impact on the global economy, hinting at fears of recession. They explore the complexities of the oil and gas markets amidst geopolitical tensions, spotlighting unique challenges across the U.S. and Europe. Transitioning to lighter topics, they dive into the economics of playgrounds, examining historical, cultural, and legal factors that shape their design. Finally, they reveal how playtime fosters essential life skills and creativity, linking playground experiences to broader economic lessons.

NATO's rapid response force is set to grow from 40,000 to 300,000 troops, raising questions about military spending and member contributions. The dynamics between European and American security perceptions reveal deep historical ties and differing strategies. As NATO navigates its relationship with Russia, the complexities of containment and economic sanctions come into play. Lightening the discourse, a delightful detour into the history of American hot dogs uncovers their cultural significance and evolution, highlighting emerging trends like meatless alternatives.

Flight disruptions and cancellations are now commonplace, driven by soaring travel demand and economic pressures on airlines. The hosts delve into the industry's financial struggles while coping with aftereffects from the COVID-19 pandemic. Low profit margins raise concerns over innovation in air travel. Shifting gears, they explore the cultural and economic implications of lengthy summer breaks for students and compare them to the limited time off for workers, highlighting deep-rooted socioeconomic inequalities.