The Economics of Everyday Things - 24. Pistachios

How did a little green nut become a billion-dollar product, lauded by celebrities in Super Bowl ads? Zachary Crockett cracks open the story.

 

RESOURCES:

 

SOURCES:

  • Sawyer Clark, director of asset management at Gold Leaf Farming.
  • Diana Salsa, vice president of marketing for Wonderful Pistachios.

Consider This from NPR - A Class Action Suit Could Upend The Entire Real Estate Industry

If you have ever bought a home or are thinking about buying one, you know it can be expensive. For most people, a home is the most expensive purchase they will ever make.

But selling a home can be expensive too. In part, that's because of the commissions real estate agents collect when a home is sold.

Depending on the price of the home, commissions can be tens of thousands of dollars.

A class action lawsuit brought by a group of Missouri home sellers against the National Association of Realtors argues that these fees hurt consumers by artificially inflating home prices.

This past week, a federal jury awarded the home sellers $1.8 billion.

Adrian Ma and Wailin Wong, co-hosts of NPR's The Indicator, break down how that decision could change the entire real estate industry.

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Philosophers In Space - Helsreach and Grimdark Gamergate

In the grim dark future, there is only show notes. Are you MAN enough to pick up an absurd set of sentences and hold the line alongside literally overwrought walking metaphors? We're covering Helsreach, a fan made movie in the Warhammer 40k universe, and discussing both the philosophy of Grimdark and the interestingly related philosophy of Gamergate. We discuss why 40k is one of the last major holdouts in the Gamergate wars. 

Helsreach: https://www.youtube.com/watch?v=s2WGE1L6WKs

Grimdark: https://en.wikipedia.org/wiki/Grimdark#:~:text=Grimdark%20is%20a%20subgenre%20of,future%20there%20is%20only%20war.%22

Gamergate: https://en.wikipedia.org/wiki/Gamergate_(harassment_campaign)#:~:text=Gamergate%20has%20been%20described%20as%20an%20expression%20of%20sexism%20and,threat%20to%20traditional%20video%20games.

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Content Preview: Gideon the Ninth and Queer Theory

Motley Fool Money - Morgan Housel and History’s Unending Loop

What does it mean if history is just the same movie, playing over and over? 

Morgan Housel is a longtime Fool contributor and the bestselling author of The Psychology of Money. Dylan Lewis caught up with Morgan to talk about his latest book, Same as Ever: A Guide to What Never Changes. They discuss:

  • The not-so-helpful side effect of having fewer economic downturns
  • Why true optimists believe that the future is messy
  • Cautionary tales from companies that “got too wide”
  • And what Warren Buffett understands about storytelling.

Tickers discussed: MSFT, GM, APPL, SSU, BRK.A, BRK.B

Claim your Stock Advisor discount here: www.fool.com/mfmdiscount

Premium Motley Fool US members can check out the latest “Mindset with Morgan Housel” episode here.

Host: Dylan Lewis Guest: Morgan Housel Producer: Mary Long Engineer: Rick Engdahl

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Lost Debate - How Elite Colleges Divide Us With Evan Mandery

Rikki is joined by Evan Mandery, professor at John Jay College of Criminal Justice and the author of “Poison Ivy - How Elite Colleges Divide Us”. A Harvard College and Harvard Law School graduate, Evan argues elite colleges have become one of the driving forces in widening the gap between the haves and have-nots in America.


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CoinDesk Podcast Network - MARKETS DAILY: Featured Story | What Will Wall Street’s Bitcoin Narrative Be?

With Bitcoin ETFs round the corner, financial institutions are gearing up to promote BTC investing. The message is likely to obscure Bitcoin’s origins but could be useful for native-crypto companies, argue Dave Birnbaum and David Waugh, from Coinbits.

Today's episode is sponsored by CME Group and PayPal.

To get the show every day, follow the podcast here.

Today’s featured story is an opinion piece from Dave Birnbaum and David Waugh, titled: “What Will Wall Street’s Bitcoin Narrative Be?

-

From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

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PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get started now at paypal.com/pyusd.

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This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

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NBN Book of the Day - Jeremy Howick, “The Power of Placebos: Unlocking Their Potential to Improve Health Care” (Johns Hopkins UP, 2023)

Should your doctor prescribe a placebo for you, instead of conventional medicine? And if she did, would it work? Is the double-blind placebo-controlled paradigm really the gold standard for medical research?

Placebos are the most widely used treatments in the history of medicine. Thousands of studies show that they can be effective and make us happier and healthier. Yet confusion about what placebos are and how to measure their effects prevents some doctors from using them to help patients. Meanwhile, damage caused by the nocebo effect—the negative effect of expecting something bad—is not widely recognized.

In The Power of Placebos: Unlocking Their Potential to Improve Health Care (Johns Hopkins UP, 2023), Jeremy Howick provides an interdisciplinary perspective on placebos and nocebos based on more than twenty years of research and data from over 300,000 patients. This book, the culmination of that research, offers practical ways for researchers, policymakers, and practitioners to put placebo and nocebo research into practice to improve health outcomes.

In addition to providing an overview of placebos and nocebos and explaining how belief systems and context can create physiological effects in the body, Howick advocates for a number of controversial positions, including why it may be unethical to include placebos in most clinical trials in which there are already established therapies and why physicians should consider using placebos regularly in their practices. Howick also underscores the importance of the therapeutic effects of interactions between health care practitioners and patients, in the context of care. The Power of Placebos dispels the confusion surrounding placebos and paves the way for doctors to help patients by enhancing placebo effects and avoiding the pitfalls of nocebos.

Renee Garfinkel, Ph.D. is a psychologist, writer, Middle East television commentator and host of The New Books Network’s Van Leer Jerusalem Series on Ideas. Write her at reneeg@vanleer.org.il. She's on Twitter @embracingwisdom. She blogs here.

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Everything Everywhere Daily - Remember, Remember the 5th of November (Encore)

In 1605, members of the Catholic resistance in England hatched a plot that would have completely changed the political landscape of the country. They wanted to blow up the entire parliament and the king on November 5, which they thought would return a Catholic monarch to the throne.

The plotters got caught, and their demise has been celebrated for the last 400 years. 

Learn more about Guy Fawkes, the Gunpowder Plot, and why the fifth of November is remembered, on this episode of Everything Everywhere Daily.


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It Could Happen Here - CZM Book Club: Babang Luksa

In this episode of the Cool Zone Media Book Club, Margaret Killjoy reads “Babang Luksa,” a short story by author Nicasio Andres Reed, to Mia.

See omnystudio.com/listener for privacy information.

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The Gist - BEST OF THE GIST: Fentanyl Edition

A new Netflix film, Pain Hustlers, starring Emily Blunt and Chris Evans, is getting a lot of buzz, so we dug into the archives to unearth an interview with Evan Hughes from February 2022. Hughes is author of Hard Sell: Crime and Punishment at an Opioid Startup, about his coverage of an out-of-control drug maker that destroyed lives and paid a price for doing so, which was the inspiration for the film. Then we check out a podcast extra with Greg Lukianoff, President of the Foundation for Individual Rights and Expression. Greg was on the show this past week discussing his new book, The Canceling of the American Mind: Cancel Culture Undermines Trust, Destroys Institutions, and Threatens Us All—but There Is a Solution

Check out Mike’s recent appearance on the Smoke ‘Em If You Got ‘Em podcast. 

Produced by Joel Patterson and Corey Wara 

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