Thieves are stealing billions of dollars worth of gasoline in Mexico. The President is taking drastic action to cut them off, and it comes at a serious cost. Content warning: Audio of deadly pipeline explosion.
John Bogle died last week. His creation — the index fund — changed investing. Today, how his invention set off a million dollar bet between some of the biggest brains on Wall Street, including Warren Buffett.
Most products in this world are vulnerable to creative destruction: as new products are developed, they make old ones obsolete. But there are some exceptions — products that persist, resisting change while economic evolution continues without them. For instance: the graphing calculator. (This episode is from our other podcast, The Indicator from Planet Money. Subscribe to it wherever you get your podcasts.)
Charles Dickens wanted to pick a fight with economists. So he invented Ebenezer Scrooge. But did he get it all right? Also: If you want to support our show, head over to donate.npr.org/planetmoney. We appreciate it.
Ricardo Hausmann, a Harvard-based Venezuelan economist, has constructed his own indicator, one that captures the horrifying scale of the economic catastrophe in Venezuela. (This episode is from our other podcast, The Indicator. Subscribe to it wherever you get your podcasts.)
A truce in the U.S.-China trade war seemed close. The leaders of China and the United States were meeting to discuss a fix. And then arrests started. It got even more confusing, so today, we call up our man on the ground in Shanghai to make sense of it all. The key to understanding the latest turn in the trade war centers around a giant company most Americans haven't heard of called Huawei. Its rise traces the rise of China's economy and Chinese-style capitalism.
If you die in America, chances are the cemetery is going to promise to maintain your grave forever. Americans take this for granted, but it's a wacky, wild promise that we maybe should not be making. You can also watch this video here: https://youtu.be/xYDYDThuJe4
Two stories from our Indicator team. There's a province in China that makes many of the world's flags. It's a unique window on global trade right now. And we find out why so few teenagers are working summer jobs these days.
Today on the show, we connect the dots between New York, Uganda, Prague, and China's thirst for resources. (Music Credit: Thanks to musician Giovanni Kiyingi for the use of his song "Kaleeba" from the album Amakondeere.)
Every year at Planet Money, we take a cue from radio legend Paul Harvey and bring you "The Rest of the Story." It's a show where we check in on some of the episodes that we've done in the past year, and tell you what's changed.
Why flying to small airports keeps costing more and more, just as flying to big airports is getting cheaper. (This episode is from our new podcast, The Indicator. Subscribe to it wherever you get your podcasts.)
From our new podcast, The Indicator: Opponents of net neutrality argue that the government should get out of the way and let the market work, that's what leads to better service and more choice. We examine that logic.
We've made a new show. You can subscribe to it now. It's called 'The Indicator'. It's for those times you want Planet Money to explain the news, quickly. It's short (about five minutes) and three days a week.
Bob Peterson claims to have found the thing people have sought for thousands of years — an investment guaranteed to double in value. He keeps it in a storage locker in Utah. It's protected by a single padlock.
Capitalism isn't supposed to exist in North Korea. But all over the country, small businesses are popping up, growing the nation's economy. And much of that money is going straight to the country's nuclear program.
Ten years ago, two little-known funds at Bear Stearns blew up, and the financial crisis was on its way. Today, we ask the person at the center of it all, former Fed Chairman Ben Bernanke, why it happened.
On today's show, we get in on the future of investing. We build an automated stock-trading bot. It analyzes the twitter feed of President Donald Trump, then trades stocks with real money. Our money. You can follow our bot on twitter, @BOTUS.
In this episode: How we got from candles made out of cow fat to as much light as we want. The history of light is the history of economic growth — of things getting faster, cheaper, and more efficient.