Take the 2024 Planet Money Summer School Quiz here to earn your personalized diploma!
Find all the episodes from this season of Summer School here. And past seasons here. And follow along on TikTok here for video Summer School.
We are assembled here on the lawn of Planet Money University for the greatest graduation in history – because it features the greatest economic minds in history. We'll hear from Adam Smith, Karl Marx, John Maynard Keynes, and some surprising guests as they teach us a little bit more economics, and offer a lot of life advice.
But first, we have to wrap up our (somewhat) complete economic history of the world. We'll catch up on the last fifty years or so of human achievement and ask ourselves, has economics made life better for us all?
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 Indicator from Planet Money - How mortgage interest rates work (and why they’re currently out of whack)
Even with falling interest rates in recent weeks, mortgage rates are still higher than you'd expect.
Mortgage interest rates are usually a little less than two percentage points higher than what you would get on a 10-year Treasury bond. But for the last couple of years that difference has been noticeably higher: 2.6% at the moment. New borrowers have been paying potentially thousands of dollars extra each year on their mortgages.
Today on the show, how mortgage interest rates work and why they're currently out of whack ... with new borrowers footing the bill.
Related Episodes:
Are both rents AND interest rates too dang high?
How mortgage rates get made
The rat under the Fed's hat
AP Macro gets a makeover
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
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Mortgage interest rates are usually a little less than two percentage points higher than what you would get on a 10-year Treasury bond. But for the last couple of years that difference has been noticeably higher: 2.6% at the moment. New borrowers have been paying potentially thousands of dollars extra each year on their mortgages.
Today on the show, how mortgage interest rates work and why they're currently out of whack ... with new borrowers footing the bill.
Related Episodes:
Are both rents AND interest rates too dang high?
How mortgage rates get made
The rat under the Fed's hat
AP Macro gets a makeover
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
Consider This from NPR - Is the U.S. military ready for the wars of the future?
Earlier this month, former chairman of the Joint Chiefs of Staff, General Mark Milley, and the former head of Google, Eric Schmidt, wrote a piece for Foreign Affairs arguing that the future of warfare is here. They say that the U.S. is not ready for it.
The two authors argue recent technological developments have changed warfare more in the past several years than the decades spanning from the introduction of the airplane, radio, and mechanization to the battlefield. And while this new tech has only been shown in small snippets in current conflicts, it is only the beginning.
So, can the U.S. catch up? And what will this warfare look like?
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
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The two authors argue recent technological developments have changed warfare more in the past several years than the decades spanning from the introduction of the airplane, radio, and mechanization to the battlefield. And while this new tech has only been shown in small snippets in current conflicts, it is only the beginning.
So, can the U.S. catch up? And what will this warfare look like?
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
Email us at considerthis@npr.org.
Learn more about sponsor message choices: podcastchoices.com/adchoices
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State of the World from NPR - Understanding Israel’s Raids And Settler Expansion in the West Bank
On Wednesday Israel launched raids into the Occupied West Bank, they say to root out Hamas militants and prevent another attack like the one that occurred on October 7th. We hear the latest on those raids.
And Israelis who believe the West Bank should be Israeli territory have significantly increased settlement activity since the war in Gaza started. Our correspondent visits some of the outposts.
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And Israelis who believe the West Bank should be Israeli territory have significantly increased settlement activity since the war in Gaza started. Our correspondent visits some of the outposts.
Learn more about sponsor message choices: podcastchoices.com/adchoices
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Reset with Sasha-Ann Simons - Southeast Siders Discuss Planned Quantum Computing Campus At Old Steel Mill Site
Until the 1980s, the former South Works site along Chicago’s lakefront on the South Side was home to steel mills. But soon it will house a quantum computing campus known as the Illinois Quantum and Microelectronics Park. Reset talks with two Southeast Side residents. Clifton Muhammad is a local business owner and board member of the Alliance of the Southeast. Roman Villareal is an artist and lifelong resident of the Southeast Side.
For a full archive of Reset interviews, head over to wbez.org/reset.
The Gist - The Rise And Fall Of Crypto
In 2020, as the pandemic raged, Andrew Chow found the Clubhouse app, and on it, he marveled at the volume of chatter about cryptocurrencies. He dove into that (mostly male) world of speculative bubbles, NFTs, grandiose ideas, and then watched it all crash and burn. Andrew joins us to discuss his new book, Cryptomania: Hype, Hope, and the Fall of FTX's Billion-Dollar Fintech Empire. Also on the show, Mike says the quiet part out loud.
Produced by Joel Patterson and Corey Wara
Email us at thegist@mikepesca.com
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Follow Mikes Substack at: Pesca Profundities | Mike Pesca | Substack
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The Daily Signal - New Trump Indictment, Israeli Military Operation, DEI in the Coastguards | August 28
TOP NEWS | On today’s Daily Signal Top News, we break down:
- Special Counsel Jack Smith Smith files a new indictment against former President Donald Trump.
- Israeli troops launch a large-scale military operation Wednesday in the West Bank.
- Hillary Clinton calls former President Donald Trump disrespectful after he went to Arlington National Cemetery to lay a wreath at soldiers’ graves.
- Two congressmen are demanding answers about diversity, equity, and inclusion in the US Coast Guard.
- Tim Walz has connections to a nonprofit tied to the Chinese Communist Party.
Relevant Links
Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/
Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription
Listen to more Heritage podcasts: https://www.heritage.org/podcasts
Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda
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1A - The 1A Paris Paralympics Preview
The Paralympic Games in Paris kick off today. Athletes with varying physical disabilities from 177 countries are heading to the city of light to compete in 22 different sports.
NBC promises record coverage of the Paralympic Games, but it wasn't until the Tokyo Games when the Paralympics received prime time coverage.
This summer's competition promises plenty of other firsts such as the largest refugee Paralympic team in history, a record number of women athletes, and more.
We sit down with some Paralympians and give you the full Paris Paralympics preview.
Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Connect with us. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.
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NBC promises record coverage of the Paralympic Games, but it wasn't until the Tokyo Games when the Paralympics received prime time coverage.
This summer's competition promises plenty of other firsts such as the largest refugee Paralympic team in history, a record number of women athletes, and more.
We sit down with some Paralympians and give you the full Paris Paralympics preview.
Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Connect with us. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
The Journal. - Why China Is Risking a Trade War
Faced with stagnating economic growth, Chinese leader Xi Jinping decided to go all in on manufacturing and exporting. But, as Lingling Wei reports, the increase in low-cost Chinese goods is squeezing businesses around the world and raising the specter of a new trade war.
Further Listening:
- How Xi Jinping's Dream Slowed China's Economy
- The Political Cost of China's Faltering Economy
Further Reading:
- Why China Is Starting a New Trade War
- China Revives Socialist Ideas to Fix Its Real-Estate Crisis
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Motley Fool Money - How Banned Chips Get to China
The U.S. has tried to prevent advanced microchips from getting into the hands of its military rivals. They’ve only had partial success.
(00:21) Alicia Alfiere and Mary Long discuss results from retailers, Abercrombie’s turnaround, and Chewy’s commitment to customers.
Then, (12:40) New York Times reporter Ana Swanson talks with Ricky Mulvey about how Nvidia chips are ending up in China, despite America’s efforts to keep them stateside. Read Ana’s story here.
Companies discussed: CMG, JWN, ANF, CHWY, NVDA
"With Smugglers and Front Companies, China is Skirting American A.I. Bans." https://www.nytimes.com/2024/08/04/technology/china-ai-microchips.html
Host: Mary Long
Guests: Alicia Alfiere, Ana Swanson, Ricky Mulvey
Engineer: Tim Sparks
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