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As Donald Trump attempts to impose a foreign and economic policy regime that has been in the doghouse for eight decades now, he is staking his presidency on ideas that seem to have been discredited by history and elementary logic. But who knows? Maybe he'll succeed. Give a listen.
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A Wisconsin tribe agreed to stop operating an online high-interest loan operation in neighboring Minnesota in a lawsuit settlement just announced. But the Lac du Flambeau tribe and several others still insist on their sovereign ability to operate the businesses, despite laws in several states working to prevent consumers from falling victim to interest rates that reach up to 800% in some cases. We’ll talk about the struggle between tribes’ ability to operate unrestricted payday loan business – and the ongoing efforts to regulate damaging loan businesses. The tariff battle sinks global financial markets. Crews to start lifting the aircraft crash wreckage out of the Potomac. Beyonce wins top honors at the Grammy Awards. CBS's Steve Kathan has all these stories and much more in today's World News Roundup.
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President Donald Trump followed through on his tariff threats, starting with Canada, Mexico and China. We look at the first skirmishes in what promises to be a painful trade war (10:30). A Concorde-style supersonic passenger jet could soon be flying again, if one company gets its way. And why standing ovations are no longer a rare sight (16:40).
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Everyone, we assume, wants to be their best person. Few of us, perhaps, none, hits all their marks in this pursuit even if the way toward the goal is generally apparent. If you want to know how to do a better job hitting those marks, whether its walking 10,000 steps, learning Esperanto, or quitting smoking, a good person to consult would be Katy Milkman. Working at the nexus of economics and psychology, Milkman – the James G. Dinan Professor at The Wharton School of the University of Pennsylvania and co-founder of the Behavior Change for Good Initiative at Penn – studies the almost alchemical process of turning good intentions into solid actions.
In this Social Science Bites podcast, she details for interviewer David Edmonds some of the biases and some of the critical thinking processes that both define and then overcome the obstacles to changing our behavior. These range from concepts with such academic names as present bias and temptation bundling to the more colloquial ‘what the hell effect’ and its antidote, the emergency reserve. But the point of her research – especially as it gets translated to the public through her podcast Choiceology or her 2021 book How to Change: The Science of Getting from Where You Are to Where You Want to Be – is to find practical ways to change yourself.
For example, she explains that “it's important for goals to be measurable and achievable, although they should be a stretch. You know, if your goal is ‘exercise more,’ how can you measure that? How could you even set a commitment device, for instance? … It's also important to have a plan of, sort of, when will I do it, where will I do it, how will I get there. These are called “implementation intentions.” I think the most important part of them is they associate a cue with the action. So just like an actor needs a cue to know when to say their lines, we need to not forget to take action on our goals.”
Her influence in turn is felt practically. Choiceology, for example, is sponsored by the brokerage house Charles Schwab, and Milkman has been a consultant for organizations ranging from the U.S. government and Walmart to 24 Hour Fitness and the American Red Cross. She is a former president of the Society for Judgment and Decision Making and a fellow of the Association for Psychological Science.
We'd love to hear your feedback on the Social Science Bites series. Please let us know your thoughts on Social Science Bites by taking our short survey, and you'll be entered to win one of five free copies of the Social Science Bites book, Understanding Humans.
We might live surrounded by manufactured goods but the business of making is far removed and often hidden from our lives, according to the Professor of Innovation at the University of Cambridge, Tim Minshall. In Your Life Is Manufactured he takes readers on a tour of mega-factories to artisanal craft shops, seaports to supermarkets to reveal the systems and decisions behind manufacturing.
The former Chief Scientist of BP, Bernie Bulkin is interested in how cutting edge developments in manufacturing have helped both companies and countries remain financially competitive in the global market. In The Material Advantage he looks at the latest innovative materials and new opportunities.
But at the heart of the discussion around manufacturing in the 21st century is sustainability. Fiona Dear is Co-Director of the Restart Project, a social enterprise that runs repair events in the community, but also campaigns for broader Right 2 Repair legislation to force companies to make it easier and cheaper for people to mend products, rather than simply buying new.
Producer: Katy Hickman
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