Israel is recruiting skilled laborers from India after suspending work permits for most Palestinian workers following the Oct. 7 attack on Israel by Hamas-backed militants.
It's Indicators of the Week — our weekly look under the hood of our global economy. Today we look at why cocoa prices are soaring, whether India's electoral bonds are bad for democracy and how a typo sent Lyft shares (briefly) soaring.
The Genco Picardy is not an American ship. It doesn't pay U.S. taxes, none of its crew are U.S. nationals, and when it sailed through the Red Sea last month, it wasn't carrying cargo to or from an American port.
But when the Houthis, a tribal militant group from Yemen, attacked the ship, the crew called the U.S. Navy. That same day, the Navy fired missiles at Houthi sites.
On today's show: How did protecting the safe passage of other countries' ships in the Red Sea become a job for the U.S. military? It goes back to an idea called Freedom of the Seas, an idea that started out as an abstract pipe dream when it was coined in the early 1600s – but has become a pillar of the global economy.
This episode was hosted by Alex Mayyasi and Nick Fountain. It was produced by Sam Yellowhorse Kesler, edited by Molly Messick, fact-checked by Sierra Juarez, and engineered by Valentina Rodríguez Sánchez, with help from Maggie Luthar. Alex Goldmark is Planet Money's executive producer.
Rent has skyrocketed in the United States. That means Americans are handing over a bigger portion of their paycheck to their housing costs. They have less money for things like food, electricity, and commuting.
The pandemic and inflation have both played a role in pushing rents higher.
Whitney Airgood-Obrycki a Senior Research Associate at Harvard's Joint Center on Housing Studies says rents are actually going down, but that increases have been so large it's going to take time for the market to even out.
We look at how rent prices got so high and what it might take to bring them down.
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In 2023, The Federal Reserve and other banking regulators announced they were making changes to how they grade banks on servicing local communities. This all stems from a 1977 law called the Community Reinvestment Act, which was designed to encourage banks to better meet the needs of moderate and low-income borrowers. However, major banking trade groups weren't too excited about the new rules and filed a lawsuit against the banking regulators last week.
Today on the show, we explain the history of racist housing policies in the United States and how that history informs the banks' fight with the government today.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
L, is for the way you Listen to Planet Money O, is for the Only podcast I hear V, is Very, very, fiduciary E, is for... ECONOMICS!
Every February, we dedicate a show to the things in our lives that have been giving us butterflies. Whether it's an obscure online marketplace or a piece of stunt journalism that made us green with envy. And then we go out into the world to proclaim our love...in the form of a Valentine. And we have a great roster this Valentine's Day:
- A grocery store in Los Angeles with the very best produce - A woodworking supply company with an innovative approach to... innovation! - A basketball player that makes a strong case for taking risky shots - A book that catalogues the raw materials that shape our world - A play that connects the 2008 financial crisis to the sale of the island of Manhattan in the 1600s - And, a podcast that turns corporate intrigue into watercooler chit-chat
So cozy up with a special someone and hand them the second earbud as we take you through our 2024 Valentines! Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Egypt's economy is facing its worst crisis in decades. The situation could further destabilize the Middle East if it goes unresolved. Now, the International Monetary Fund is working with Egyptian leadership to figure out another deal for a multi-billion dollar loan ... but will it be enough? Today, we look at how Egypt has fallen into economic crisis and whether its economy is too big to fail.
Related episodes: What could convince Egypt to take in Gaza's refugees? (Apple / Spotify)
Red Sea tensions spell trouble for global supply chains (Apple / Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Roses are red. Violets are blue. We have another Indicator Quiz for you! Today's episode tests one loyal listener on their econ knowledge about our recent defense series, and they give us their best Valentine's Day cocktail recommendation. Play along with us and see how you do!
Are you interested in being a contestant on our next Indicator Quiz? Email us your name, city and phone number to indicator@npr.org and put "Indicator Quiz" in the subject line.
Related episodes: Can Just-In-Time handle a new era of war? (Apple / Spotify) Are we overpaying for military equipment? (Apple / Spotify) How to transform a war economy from peacetime (Apple / Spotify) How to transform a war economy from peacetime (Apple / Spotify) How the world economy could react to escalation in the Middle East (Apple / Spotify) How niche brands got into your grocery store (Apple / Spotify) WTF is a bitcoin ETF (Apple / Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Investors in dating app companies are suffering from heartbreak. As these companies shift gears and try to make a profit, many of their users are heartbroken too.
Former President Donald Trump has pretty sharp rhetoric around immigration. At the same time, he is trying to reach a potentially powerful voting bloc in pivotal swing states: Latinos.
China is in the economic doldrums in part due to its slumping real estate market. And one of the largest property developers in mainland China is a huge part of the story. Evergrande is drowning in about $300 billion of debt. And after months of attempting to restructure, one of its entities is now being forced to liquidate. We look at what that means and how the Chinese economy will be affected.
Related episodes: China's weakening economy in two Indicators (Apple / Spotify)
Tumbling Chinese stocks and rapid Chipotle hiring (Apple / Spotify)
The mess at the heart of China's economy (Apple / Spotify)
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Super Bowl food: Chicken wings are a bargain this year, but beef prices are climbing. Here's a playbook for staying well fed without having a your wallet thrown for a loss.
It is Friday, and Indicators of the Week is back — SUPER Edition. Today, what one New York bank's shakiness means for the wider economy, why Mexican imports in the US are super surging, and the T. Swift effect on the Super Bowl.
Related Episodes: Economics, boosternomics and Swiftnomics (Apple/Spotify) Does the U.S. have too many banks? (Apple/Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
