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The Indicator from Planet Money - Why big banks aren’t interested in your savings account

Some bank customers are jumping to high-yield savings accounts to escape the shockingly low interest rates of personal savings accounts at big banks. So why aren't these banks raising their rates to attract more customers? Today on the show, we explore why big banks may not care about your savings account anymore.

Related episodes:
The dangers of money market funds (Apple / Spotify)
Interest rates up, but not on your savings account (Apple / Spotify)
Bad Form, Wells Fargo

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Bad Faith - Episode 397 – Reading The Coconut Tree Leaves (w/ David Dayen)

Subscribe to Bad Faith on Patreon to instantly unlock our full premium episode library: http://patreon.com/badfaithpodcast

Executive Editor of The American Prospect David Dayen returns to Bad Faith to help decipher Kamala Harris’ economic policy. Having dodged interviews and eschewed policy proposals, we’re left reading the tea leaves — analyzing who she’s surrounded herself with, and what her surrogates have been saying on CNBC and beyond. What does it mean that her brother-in-law, Uber’s chief legal officer & an Obama DOJ alum, is a senior advisor? How does someone who fought for drivers to be classified as contract employees advise Kamala’s labor policy? Will she be an ally for the banks over the people, echoing the DOJ’s choices after the financial crash? When people close to the candidate refuse to give straight answers on whether Lina Khan will remain head of the FTC, is it because Kamala is trying to avoid ticking off donors who want her gone? Or is it because she’s trying to avoid ticking off the voters who think she’s the best thing Biden been did? Few are better equipped than Dayen to break it all down.

Subscribe to Bad Faith on YouTube for video of this episode. Find Bad Faith on Twitter (@badfaithpod) and Instagram (@badfaithpod).

Produced by Armand Aviram.

Theme by Nick Thorburn (@nickfromislands).

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The Commentary Magazine Podcast - The Making of a COMMENTARY Issue

John and Abe talk about what goes into putting together an issue of COMMENTARY, using the July/August issue as an example. From the commissioning of articles to the editorial and production stages to the practical constraints of print and the kind of decisions that shape each issue—it's all covered. Give a listen.

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Everything Everywhere Daily - The Origin of Words and Phrases: Food

We all eat every day. We use English words for the foods and meals we eat without even thinking about it. 

But where did those words come from, and what did they originally mean? What is the difference between dinner and supper? 

Were the modern distinctions we have between fruits and vegetables always there, and for that matter, was meat always meat?

Learn more about the origins of English words pertaining to food on this episode of Everything Everywhere Daily.


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the memory palace - Episode 220: The Zipper

The Memory Palace is a proud member of Radiotopia from PRX. Radiotopia is a collective of independently owned and operated podcasts that’s a part of PRX, a not-for-profit public media company. If you’d like to directly support this show and independent media, you can make a donation at Radiotopia.fm/donate. I have recently launched a newsletter. You can subscribe to it at thememorypalacepodcast.substack.com. 

Music

  • Swiming by Explosions in the Sky
  • Walking Song by Kevin Volans and the Netherlands Wind Ensemble
  • I Walk on Guilded Splinters by Johnny Jenkins
  • Seduction by the Balanescu Quartet
  • Lunette by Les Baxter and Dr. Samuel J. Hoffman
  • Running Around by Buddy Ross
  • September by Giles Lamb

Notes

  • This episode was pieced together from a ton of little fragments but I wanted to steer folks to a couple of resources in particular: this excellent article from a few years back in the Toronto Star by Katie Daubs, and this documentary from filmmaker, Amy Nicholson, that primarily uses the Zipper as a way to talk about changes at Coney Island but has some great details from Harold Chance and his sons. 
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NPR's Book of the Day - Sheetal Sheth pens a children’s book about Raksha Bandhan in ‘Raashi’s Rakhis’

The Hindu holiday Raksha Bandhan is just around the corner – and in a new children's book called Raashi's Rakhis, actor and activist Sheetal Sheth writes about an empowered little girl, Raashi, who asks some pretty big questions about the gender roles prescribed to one of her favorite celebrations. In today's episode, Sheth speaks with Here & Now's Deepa Fernandes about how she questioned her own parents as a first-generation Indian American, why she wanted to write from a place of inclusivity, and how she navigates some of the backlash she's gotten for doing so.

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The Indicator from Planet Money - Should presidents have more of a say in interest rates?

Former President Donald Trump recently suggested that if elected in this year's presidential election he would want more say on decisions made by the Federal Reserve. Presidents taking a more active role in monetary policy would mark an extraordinary shift in U.S. economic institutions, and mark the end of central bank independence.

Today on the show, why the Federal Reserve insulates itself from day-to-day politics, and what it looks like when central banks are influenced by politicians.

Related Episodes:
Happy Fed Independence Day (Update)
Arthur Burns: shorthand for Fed failure?
How the Fed got so powerful

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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