The Indicator from Planet Money - Chocolate, Lyft’s typo and India’s election bonds

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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Everything Everywhere Daily - The Battle of Tours

In the year 732, one of the most important battles in world history took place between the cities of Tours and Portier in France. 

On one side was an unstoppable juggernaut that had amassed one of the largest empires in world history in less than a century. 

On the other side was a vastly outnumbered force that lacked the primary weapon of the era, heavy cavalry. 

The outcome of that battle can still be seen in the world today. 

Learn more about the Batte of Tours and the battle that shaped Europe on this episode of Everything Everywhere Daily.


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NPR's Book of the Day - Novels by C.L. Miller and Tracy Sierra find suspense in spooky, old houses

Today's episode features two thrillers that unravel in the darkened halls of historic houses. First, NPR's Scott Simon speaks with C.L. Miller about The Antique Hunter's Guide to Murder, a whodunnit amongst antique collectors trapped in an English manor under very bizarre circumstances. Then, NPR's Mary Louise Kelly asks Tracy Sierra about her debut novel, Nightwatching, and how the author's own New England home inspired this terrifying tale about a mother hiding from an intruder during a blizzard.

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The Indicator from Planet Money - Why banks are fighting changes to an anti-redlining program

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.

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Everything Everywhere Daily - Phrenology

In the 19th century, a new discipline swept over the medical and legal professions. 

This belief held that a person’s personality could be determined by analyzing the contours or bumps on their head. 

The belief had a surprising amount of sway among certain people, and it developed a large following before eventually being thoroughly discredited.

Learn more about the pseudoscience of phrenology, how it was developed, and why it caught on on this episode of Everything Everywhere Daily.


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NPR's Book of the Day - Kunal Purohit’s book examines Hindutva pop, social media and hate speech

Pop culture can be a powerful tool for social and political activism – but what happens when it's used to incite discrimination, or even violence? That's the question at the heart of journalist Kunal Purohit's book, H-Pop: The Secretive World of Hindutva Pop Stars. In today's episode, Purohit speaks with NPR's Diaa Hadid about how influencers, pop songs and poems are promoting Hindu nationalist values in India, and how political propaganda on social media can legitimize hate towards minority groups.

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The Indicator from Planet Money - How Egypt’s military is dragging down its economy

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)

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60 Songs That Explain the '90s - “Hard Knock Life”—JAY-Z

Rob looks at JAY-Z’s career backwards this week before reaching the rap legend’s 90’s pop crossover hit, “Hard Knock Life.” Along the way, Rob highlights the masterclass that is Funkmaster Flex premiering Kanye West and JAY-Z’a “Otis” on Hot 97 and much more. Later, the Ringer’s Wosny Lambre joins the show to discuss what JAY-Z’s rise to power in New York in the 90s, the importance of Hot 97 to New York rap, and JAY-Z the hyper-capitalist.

Host: Rob Harvilla

Guest: Wosny Lambre

Producers: Jonathan Kermah and Justin Sayles

Additional Production Support: Chloe Clark

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