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It's Indicators of the Week! We cover the numbers in the news that you should know about. This week, we cover climbing corporate bankruptcies, J.D. Vance's potential to bring the dollar down, and the NBA's new super serious salary cap.

Related episodes:
The Science of Hoops
Why Ecuador Uses The Dollar?

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The Supreme Court's decision to quash Chevron deference means countless agency regulations are now more vulnerable to being challenged and struck down. Think the Environmental Protection Agency's plan to boost electric vehicle sales, discrimination protections against transgender people, and rules that expand eligibility for overtime.

Yesterday, we explained the history that led to this moment. Today, we look at the how the decision will play into a wave of regulatory lawsuits.

Related episodes:
The conservative roots behind the Chevron doctrine (Apple / Spotify)
Could SCOTUS outlaw wealth taxes (Apple / Spotify)

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When the Supreme Court decided Chevron U.S.A., Inc v. Natural Resources Defense Council, Inc. 40 years ago, it didn't turn many heads. But eventually, it became the most widely cited case in all of administrative law. It set a legal precedent to give federal agencies the benefit of the doubt when the law is ambiguous, known as Chevron deference.

Now, a recent Supreme Court decision has set in motion another tectonic shift, effectively ending that precedent. Today, we dig into what Chevron deference is and how it actually came about. Then tomorrow we'll continue our focus on this significant change by looking at the potential fallout.

Related episodes:
A Supreme Court case that could reshape social media (Apple / Spotify)
Could SCOTUS outlaw wealth taxes (Apple / Spotify)

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The Digital Markets Act is a new piece of European legislation aimed at making markets in the digital sector "fairer and more contestable." It's essentially antitrust regulation—rules to ensure that no one company or group of companies makes an area of business uncompetitive. And these rules are making some big companies sweat, not because they're afraid of monetary penalties, but because they could have an effect on antitrust regulations around the world.

Today on the show, we examine the differences between how the EU and the United States handle antitrust and what the Digital Markets Act could mean for big tech's regulatory future.

Related episodes:
EU leads the way on controlling big tech

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If you regularly listen to The Indicator, you know China's economy is not doing great. Over the last few years, indicators like unemployment and local debt are up, and consumption and property sales are down.

There is one big indicator that's been a bellwether for China's economy ... booze. One specific kind: Baijiu.

In today's episode, a quick history on baijiu and how the liquor is a potent symbol for consumer confidence in China.

Related Episodes:
China's weakening economy in two Indicators
The Beigie Awards: China Edition

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On Indicators of the Week, we cover the numbers in the news that you should know about. This week, we cover an encouraging trend for global wealth, closing Mexico's tariff loophole and the European nation bucking the trend of shorter work weeks.

Related episodes:
Why tariffs are SO back (Apple / Spotify)

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There are currently just under 65,000 migrants in New York City's shelter system, stretching the city's outworn social service systems. Today on the show, we follow one asylum seeker's journey from Venezuela to New York and explore why the process is lengthy and complicated.

Related episodes:
Is the 'border crisis' actually a labor market crisis? (Apple / Spotify)
'Welcome to the USA! Now get to work.' (Apple / Spotify)
The migrant match game (Apple / Spotify)

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Voters have a bleak outlook on the economy right now, and many are pointing the finger at President Biden. At the same time, many voters have a rosy view of the economy when Donald Trump was president. But how much credit or blame should a president get for the economy? And how do partisan politics play into our perception of the economy's performance?

Related episodes:
Common economic myths, debunked (Apple / Spotify)
Not too hot, not too cold: A 'Goldilocks' jobs report (Apple / Spotify)

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