Month: March 2017

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Containers - Episode 5: The America-First Ships

American companies pioneered container shipping, but now the ocean freight business is dominated by foreign firms. Thanks to the Jones Act, a 1920 law, all cargo between American ports must be carried on American-made ships, so we do still have a fleet. But the ships are old and outdated. In episode five, we explore the tragic consequences of this "America-first" trade policy, beginning with the El Faro, which sank in October 2015.

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The Gist - Step Away From the Screen

How much time did you spend on an anti-boredom gadget today? We watch entire seasons of television in a day, we scroll through infinite streams of social media, and we are transfixed by games designed as deftly as slot machines. Adam Alter says it’s time to consider measures that will help everyone to cut back. His book is called Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked.

For the Spiel, your leggings have become a problem.

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Start the Week - Sayeeda Warsi: Muslims in Britain

On Start the Week Amol Rajan talks to Sayeeda Warsi about how far Britain's Muslim community is viewed as 'the enemy within'. As the child of Pakistani immigrants who became Britain's first Muslim Cabinet Minister, Baroness Warsi is in a unique position to explore questions of cultural difference, terrorism, and 'British values', and to explore how society can become more integrated. The economist Paul Collier has spent his career looking for solutions to seemingly intractable problems: in his latest book he focuses on the Syrian refugee crisis and argues for the establishment of special economic zones where displaced Syrians could work and benefit their host countries. The philosopher Roger Scruton develops his ideas of human nature by concentrating on our relations with others, bound together in a shared world. Producer: Katy Hickman.

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50 Things That Made the Modern Economy - Gramophone

“Superstar” economics – how the gramophone led to a winner-take-all dynamic in the performing industry. Elizabeth Billington was a British soprano in the 18th century. She was so famous, London’s two leading opera houses scrambled desperately to secure her performances. In 1801 she ended up singing at both venues, alternating between the two, and pulling in at least £10,000. A remarkable sum, much noted at the time. But in today’s terms, it’s a mere £687,000, or about a million dollars; one per cent of a similarly famous solo artist’s annual earnings today. What explains the difference? The gramophone. And, as Tim Harford explains, technological innovations have created “superstar” economics in other sectors too. Producer: Ben Crighton Editors: Richard Knight and Richard Vadon (Image: Thomas Edison Phonograph, Credit: James Steidl/Shutterstock)