Planet Money - Summer School 3: The first stock and perpetual life
Once upon a time, every business was a small business. It was run by the owner, maybe the spouse and the kids. Maybe they borrowed money from friends and relatives, but there was only so big it could get. Then came what can only be described as the big bang of economics. Over the span of a few decades, people figured out a way for businesses to sell ownership shares – otherwise known as stocks – and let people trade those shares. There was suddenly money to buy machines and expand.
Today, we head to the Netherlands around the year 1600. First, we'll visit the bridge in Amsterdam where some of the first stock trading took place. Then we track down the Dutch water company that's the source of the oldest "living" bond. It's the origin of stocks and bonds and the stock market and it leads directly to many of the financial innovations that we still have today.
This series is hosted by Robert Smith and produced by Audrey Dilling. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Sofia Shchukina.
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The Gist - Cool To Be Cringe Kamala
Kamala Harris, or at least some fans, try to remix her way to Coolsville, but there's a detour into Dorksylvania. Sure, go ahead, every candidate gets that treatment, and it all evens out into a thin lime-green meme. Also on the show, we speak with Ibrahim Nash’at, an Egyptian filmaker who imbedded with a group of Taliban soldiers in Afghanistan following the US military withdrawal. The resulting film, Hollywoodgate, is a bizarre, tense, and unique glimpse into how a feared fighting force transitions from guerrilla warfare to actual leadership.
Produced by Joel Patterson and Corey Wara
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The Indicator from Planet Money - Peacock, potassium and other Paris Olympics Indicators
In this Olympics-themed episode, we'll learn what economic factors help countries win more medals, how NBCUniversal is betting on these games to support its streaming service, and what it takes to feed 15,000 hungry athletes. (Hint: A LOT of potassium. And pain au chocolat. And baguettes.)
Related Episode:
Why Host The Olympics?
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Consider This from NPR - A year after her speakership, Nancy Pelosi’s influence remains strong
Pelosi is 84 years old — older than Biden — and no longer in House leadership.
But her part in the pressure campaign that led to a change in the Democratic ticket shows: she is still very much a leader, and her political pull remains strong.
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The Daily Signal - Obama Endorsement, Border Czar Controversy, Olympics Threatened | July 26
TOP NEWS | On today’s Daily Signal Top News, we break down:
- Barack and Michelle Obama officially endorse Kamala Harris for president.
- Israeli PM Benjamin Netanyahu fears Kamala Harris’ public call for an Israel-Palestine ceasefire deal could threaten the negotiations
- Left-wing attempt to erase Kamala Harris’ role in the border crisis.
- Rep. Bennie Thompson downplays how his Secret Service bill would affect Trump’s security.
- French trains are under attack as the Olympics hosted in Paris begin.
Relevant Links
https://www.dailysignal.com/2024/07/26/democrat-downplays-bill-cost-trump-secret-service-detail/
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Cato Daily Podcast - Past and Present Efforts to Obscure Presidential Health Problems
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The Journal. - The Week That Changed the Presidential Race
The 2024 presidential election has taken a major turn after Biden dropped out of the race. WSJ’s Molly Ball charts how the 2024 political election has hit a reset and what Harris’s candidacy could mean for her party and the country.
Further Listening:
- Takeaways from the RNC: Trump Is in Control
Further Reading:
- Biden Withdrawal Caps Weeks of Epic Political Turbulence
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Motley Fool Money - Billions in Lost Business
We talk through the estimated $5B in lost activity across banking, travel, and other industries due to Crowdstrike’s faulty update and the $30B shaved off the company’s market cap.
(00:21) Jason Moser and Matt Argersinger discuss:
- The impact of the global IT outage, where it will show up financially and how Crowdstrike responded.
- Why the market is down on Tesla’s profitability
- How Spotify’s stellar run is continuing and why dividend investors might want to keep an eye on UPS.
(19:11) Motley Fool co-founder and Chief Rule Breaker David Gardner talks with Emily Flippen about his best stock recommendation, some of his best investing lessons and how to make sense of the nascent artificial intelligence space.
(31:18) Jason and Matt break down two stocks on their radar: Twilio and Coupang.
Stocks discussed: CRWD, MSFT, TSLA, CMG, SPOT, UPS, NVDA, TWLO, CPNG.
Host: Dylan Lewis
Guests: Matt Argersinger, Jason Moser, David Gardner, Emily Flippen
Engineer: Dan Boyd
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CrowdScience - Why is a ship a ‘she’?
In many languages across the world, all nouns are classed as either male or female, or sometimes neuter. The English language, however, only signals gender in its pronouns - he, she, it or they. For inanimate objects, gender just crops up in occasional examples like ships or countries, which, for some reason, are deemed female. This lack of gender in English intrigued CrowdScience listener Stuart, since the other languages he knows all highlight whether something is male or female. Did English ever have gender, and if so, where did it go? Presenter Anand Jagatia dives into some Old English texts to uncover the idiosyncrasies of its masculine and feminine nouns, and learns why these gradually fell out of use. But why do other languages assign gender to nouns – male, female, and sometimes many more categories too? And does this affect the way we think?
Contributors: Andrew Dunning, Curator of Medieval Manuscripts, Bodleian Library, Oxford University Rachel Burns, Departmental Lecturer in Old English, Oxford University Suzanne Romaine, Professor of Linguistics, Hawaii Ida Hadjivayanis, Senior Lecturer in Swahili, SOAS University Angeliki Alvanoudi, Sociolinguist, Aristotle University of Thessaloniki Amy Bahulekar, Writer, Mumbai
Presenter: Anand Jagatia Producer: Eloise Stevens Editor: Cathy Edwards Production Coordinator: Ishmael Soriano