Category: 3-EconSometimeCommentary

We reach for it twice a day — without thinking about the decades of research and engineering that went into that squeezable tube of minty goo. Zachary Crockett extracts the last bit.

 

• SOURCES:
  • Stephan Habif, chief technology officer at Colgate-Palmolive.
  • Sergio Leite, global head of Oral Care R&D at Colgate-Palmolive.
  • Peter Miskell, professor of international business history at the University of Reading.

 

• EXTRAS:
  • "History of Toothpaste" (Delta Dental of Arkansas, 2019).
  • "Cavity Protection or Cosmetic Perfection? Innovation and Marketing of Toothpaste Brands in the United States and Western Europe, 1955–1985," by Peter Miskell (Business History Review, 2011).

 

• RESOURCES:
  • "9,000-Year-Old Dentistry," by WIRED Staff (WIRED, 2006).

Earth can sustain life for another 100 million years, but can we? This episode, we partner with Radiolab to take stock of the essential raw materials that enable us to live as we do here on Earth — everything from sand to copper to oil — and tally up how much we have left. Are we living with reckless abandon? And if so, is there even a way to stop? A simultaneously terrifying and delightful conversation about bird poop, daredevil drivers, and some staggering back-of-the-envelope math.

Radiolab's original episode was produced and edited by Pat Walters and Soren Wheeler. Fact-checking by Natalie Middleton. The Planet Money edition of this episode was produced by Emma Peaslee and edited by Alex Goldmark and Jess Jiang. Special thanks to Jennifer Brandel.

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Music: NPR Source Audio - "Wir Rollen"

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Insurance forms that make no sense. Subscriptions that can’t be cancelled. A never-ending blizzard of automated notifications. Where does all this sludge come from — and how much is it costing us? (Part one of a two-part series.)

The post Sludge, Part 1: The World Is Drowning in It appeared first on Freakonomics.

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The deal seemed too good to be true. There's a website that's been selling top quality diamonds at bizarrely low prices. Prices we couldn't find at any retail outlet. Prices so low, we could buy a diamond on a public radio budget. So we did. What we got in the mail was a tiny ziploc bag containing a scintillating mystery.

On today's show: the Planet Money Diamond (or whatever this sparkly rock turns out to be). We get it analyzed by the experts at the Gemological Institute of America. We investigate where it came from. And, we dive into the economics of glittery stones. Was this a new kind of internet scam? Some supply chain anomaly? Or is something just really weird going on in the world of diamonds?

This episode was produced by James Sneed. It was edited by Keith Romer with help from Jess Jiang, fact-checked by Emma Peaslee, and engineered by Kwesi Lee. Alex Goldmark is our executive producer.

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A full-length conversation with Robert Sullivan, who wrote the best book on rats you’ll ever read. To get subscriber-only episodes, sign up for SiriusXM Podcasts+ on Apple Podcasts or by visiting siriusxm.com/podcastsplus.

The post The Rat Man appeared first on Freakonomics.

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When a Fortune 500 company needs a new leader, it turns to a well-connected headhunter who assesses candidates with psychological tests and mock TV interviews. Zachary Crockett activates his network.  

 

• SOURCES:
  • Julian Ha, partner at the executive recruiting firm Heidrick & Struggles.
  • Jane Stevenson, global vice chair of board and CEO services at Korn Ferry.

 

• RESOURCES:
  • "The Transformation of the CEO," by Stephen Langton, Rusty O'Kelley, Laura Sanderson, and Sean Roberts (Russell Reynolds Associates, 2024).
  • "Executive Paywatch" (AFL-CIO, 2023).
  • "Diversity matters even more: The case for holistic impact," by Dame Vivian Hunt, Sundiatu Dixon-Fyle, Celia Huber, María del Mar Martínez Márquez, Sara Prince, and Ashley Thomas (McKinsey & Company, 2023).
  • "CEO Tenure Rates," by Joyce Chen (Harvard Law School Forum on Corporate Governenance, 2023).
  • "Best Industries to Recruit for in the US" (Precision Global Consulting).

There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought and sold, in an economy. GDP tells us how hot the economy is running, or how cool — like if we might be heading into a recession. And it's an important tool to compare countries, policies, and politicians. It's used by the U.S. government to allocate money and by businesses to make decisions about the future.

For close to a century the building blocks of GDP have been the same. Now Commerce Secretary Howard Lutnick, has proposed a big change: taking government spending out of GDP.

On today's show, can the U.S. change how it measures GDP? We talk with a former head of the BEA — about what he thinks they're likely to do now, and about the pressure he faced while trying to compile GDP for nearly two decades. Turns out, people have always been trying to bend it to make whatever grand project they're working on look better.

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The quirky little grocery chain with California roots and German ownership has a lot to teach all of us about choice architecture, efficiency, frugality, collaboration, and team spirit.

The post Should America Be Run by … Trader Joe’s? (Update) appeared first on Freakonomics.

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On this episode, Jessica Carges chats with Catherine Pakaluk on her latest book, Hannah's Children: The Women Quietly Defying the Birth Dearth (2024). Pakaluk describes the economic consequences of dropping fertility rates, explores the reasons for why women choose to have children, explains how we can increase fertility rates, and more.

Catherine Pakaluk is the Director of Political Economy and an Associate Professor at The Catholic University of America. Her primary areas of research include economics of education and religion, family studies and demography, Catholic social thought and political economy.

If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.

Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!

Follow the Hayek Program on Twitter: @HayekProgram

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CC Music: Twisterium

Note: This original episode ran in 2020.

Walter Schramm did everything right as an investor — at least according to the philosophy of Warren Buffett. So how come he lost a small fortune?

In this episode, we look into an obscure government program that slurps up forgotten money. We hunt for money we might have left vulnerable and we try to figure out how it got there in the first place so we can tell you where to find the money you've misplaced too.

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Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.

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