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.
Related:
Cocoa prices hit a 47-year high before Valentine's Day
Can India become the next high-tech hub? (Apple / Spotify)
Lyft going public: The dual-class share dilemma
Big donors and pay-to-play politics
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The Gist - Trump Liable, Willis Excitable, Guatemalan Democracy Viable
Donald Trump is ordered to pay over $350 million ... bad judgement for him there. Fulton County District Attorney Fani Willis hits back hard at defense attorneys seeking to toss her off the Georgia racketeering case. And we speak with Quico Toro, a Contributing Editor at Persuasion, who tells us the story of Guatemala, where a duly elected president actually got to assume office. He calls it "January 6th in reverse."
Produced by Joel Patterson and Corey Wara
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Planet Money - How the Navy came to protect cargo ships
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.
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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.
Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
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Cato Daily Podcast - The Broken Budget Process Demands Fixes Big and Small
Over the last few decades, the share of spending subjected to a normal budget process has been very small. Fixing it should be a high priority in Congress. Romina Boccia explains the high stakes for acting sooner versus later.
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Consider This from NPR - Rents Take A Big Bite
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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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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State of the World from NPR - Outspoken Critic of Russia’s Leader Dies in Prison
Alexei Navalny, frequent critic of Russian president Vladimir Putin, has died in prison according to Russian authorities. Our Moscow correspondent looks at the legacy of a man who fought to free his country from corruption and authoritarianism.
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The Daily Signal - Fani Willis Trial Day 2, Navalny Dies, Biden Helped Hamas and Iran Proxies | Feb. 16
TOP NEWS | On today’s Daily Signal Top News, we break down:
· Day 2 of the Fani Willis misconduct hearings.
· Psychiatrist who called for 25th Amendment to be used on Trump defends Biden.
· Financial firms bail out of ESG.
· Russian opposition leader Navalny dies in prison.
· Biden has caused chaos in the Middle East.
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Motley Fool Money - Stock Market Whip Lash
Economic data and earnings season combined for a volatile weak in the stock market.
(00:21) Bill Mann and Jason Moser discuss:
- The latest inflation numbers and what they mean for investors
- Earnings wrap-up for Twilio, Lyft, Airbnb, Shopify and Trade Desk
- Nvidia’s disclosure of its investments and how it impacted stocks
(19:11) Corrado Russo shares some thoughts on the international real estate market.
(34:09) Bill and Jason break down two stocks on their radar: Fresenius and Home Depot
Stocks discussed: TWLO, LYFT, ABNB, SHOP, TTD, SHOP, NVDA, NNOX, ARM, HD, FMS
Host: Ron Gross
Guests: Bill Mann, Jason Moser, Corrado Russo
Engineers: Dan Boyd
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CrowdScience - What time was the first clock set to?
When the first person set the very first clock, how did they know what time to set it to? This question, from listener Chris in the UK, sends CrowdScience off on a quest into the history of timekeeping.
From sundials to water clocks, from uneven hours to precision seconds determined by the vibration of an atom, we examine how we came to measure time. We visit possibly the oldest working mechanical clock in the world to discover how its time was originally set; and hear how the time we go by today is not quite the same as it was in the past.
Will all this be enough to solve Chris' question, or has he stumped the team?
Featuring:
Ian Westworth, Clock Mechanic Dr. Chad Orzel, Associate Professor of Physics and Astronomy at Union College Anna Rolls, Curator of Clocks, Clockmakers’ Museum Peter, Guide, Salisbury Cathedral Dr. Jun Ye, Physicist at NIST (National Institutes of Standards and Technology) and The University of Colorado, Boulder.
Presenter: Caroline Steel Producer: Margaret Sessa-Hawkins Editor: Cathy Edwards Production Co-ordinator: Jonathan Harris Studio Manager: Jackie Margerum
(Photo:Stopwatch on red background. Credit: Martin Poole / Getty Images).
The Bulwark Podcast - Ben Wittes: Putin’s Cheerleaders
Alexei Navalny heroically stood up to Putin, but Tucker and MAGA's worst actors can't get enough of the Russian leader—and Russia itself. Plus, another anti-Biden witness bites the dust, and Fani Willis' table-turning moment. Wittes joins Tim Miller for the weekend pod.
show notes:
Navalny's investigation into Putin's $1.3 billion Black Sea villa
show notes:
Navalny's investigation into Putin's $1.3 billion Black Sea villa