Planet Money - How Venezuela imploded (update)

(Note: A version of this episode originally ran in 2016.)

Back in 2016, things were pretty bad in Venezuela. Grocery stores didn't have enough food. Hospitals didn't have basic supplies, like gauze. Child mortality was spiking. Businesses were shuttering. It's one of the epic economic collapses of our time. And it was totally avoidable.

Venezuela used to be a relatively rich country. It has just about all the economic advantages a country could ask for: Beautiful beaches and mountains ready for tourism, fertile land good for farming, an educated population, and oil, lots and lots of oil.

But during the boom years, the Venezuelan government made some choices that add up to an economic time bomb.

Today on the show, we have an economic horror story about a country that made all the wrong decisions with its oil money. It's a window into the fundamental way that money works and how when you try to control it, you can lose everything.

Then, an update on Venezuela today. How it went from a downward spiral, to a tentative economic stabilization... amidst political upheaval.

This original episode is hosted by Robert Smith and Noel King. It was produced by Nick Fountain and Sally Helm. Today's update was hosted by Amanda Aronczyk, produced by Sean Saldana, fact checked by Sierra Juarez, and engineered by Neal Rauch. Alex Goldmark is our Executive Producer.

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The Gist - Knucklehead Of State

The stakes for debates are pretty low when the Vice Presidency is the office in question, but J.D. Vance seems to have said better sounding words than Tim Walz, according to most reactions. Putting in a word for Walz—or at least a warning against Vance—is our guest Democratic strategist and analyst Jess McIntosh, who is here to assess the Vice Presidential debate. Plus, a dock strike could jeopardize goods across America. Turns out, dockworkers earn on average more than $150k a year at the East Coast's biggest port, and they also hold most of the cards in this negotiation.


Produced by Joel Patterson and Corey Wara

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The Indicator from Planet Money - Are we about to lose TikTok? Like actually tho?

TikTok could begin shutting down in the U.S. as soon as January 19 of next year. But the app is not going down without a fight. The company is asking a panel of federal judges to block the law in a high-profile case that pits free speech versus national security. Today on the show, how TikTok got to this point and what we can expect from the app's last ditch effort to stay alive in the U.S.

Related episodes:
Tick tock for TikTok? (Apple / Spotify)
Is Project Texas enough to save TikTok? (Apple / Spotify)

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Lost Debate - The Bipartisan War on Free Speech

Ravi welcomes Greg Lukianoff, President and CEO of FIRE, to discuss the organization's latest report assessing colleges on their commitment to free speech.

They also cover the recent pro-Palestine protests on college campuses, the wave of university president resignations, and the complex challenges facing higher education today. Ravi and Greg explore the tension between activism and academic rigor, the evolving role of leadership, and the need for political diversity within university faculties. They then highlight new approaches that are encouraging open dialogue and share why they remain cautiously optimistic about the future of free speech in academia.

Finally, Ravi and Greg address how free speech issues continue to unfold across the political spectrum and why both the right and the left have fallen short in defending this fundamental right.


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The Daily Signal - Vance Factchecks Factcheckers, Israeli Soldiers Killed in Lebanon, Biden Visits Carolinas | Oct. 2

TOP NEWS | On today’s Daily Signal Top News, we break down:


  • Vice Presidential Nominee JD Vance fact checked the moderators in last night’s debate.
  • Israel’s military announces that eight of its soldiers were killed fighting against Hezbollah in Lebanon. 
  • President Joe Biden travels to North and South Carolina as the death toll from Hurricane Helene reaches at least 166. 
  • Vice President Kamala Harris is criticized for her response to Hurricane Helene. 



Relevant Links

https://www.dailysignal.com/2024/10/02/vance-delivers-a-masterclass-in-how-to-deal-with-biased-moderators/ https://www.dailysignal.com/2024/10/01/fact-checking-claims-made-in-vance-walz-debate/


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State of the World from NPR - The Fight Over Who Writes the History of Modern China

As China celebrates 75 years of Communist Party rule, there is a fight over who gets to tell the history of those years. The party would prefer to make sure the story is a positive one and is exerting power to control that narrative. One high profile example of that is playing out far away, in California.

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Motley Fool Money - Nike’s Long Walk

A new CEO is hoping to turn the iconic brand around, but he’s not there yet.

(00:21) Jason Moser and Ricky Mulvey discuss:

- Earnings from Nike.

- Tesla’s delivery numbers.

- Adam Neumann returning to the office leasing business.

Then, (16:06) Robert Brokamp and Dan Caplinger continue their conversation about estate planning, and how to give your loved ones a less complicated financial future.


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Companies discussed: NKE, TSLA, PYPL

Host: Ricky Mulvey

Guests: Jason Moser, Robert Brokamp, Dan Caplinger

Producer: Mary Long

Engineer: Rick Engdahl

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