Category: Series

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The Indicator from Planet Money - Why Midwest crop farmers are having a logistics problem

It's the most important day of the year for the country ... The Beigie Awards! The Beigie Awards are back to recognize the regional Federal Reserve Bank with the best Beige Book entry. This time, we shine a spotlight on one entry that speaks to a logistics problem affecting farms in the midwest.

Related episodes:
Using anecdotes to predict recessions (Apple / Spotify)
The Beigie Awards: Why banks are going on a "loan diet" (Apple / Spotify)

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The Indicator from Planet Money - Why the US government is buying more apples than ever before

For the second year in a row, the U.S. government is buying the largest quantity of apples in its history because there are not enough consumers and processors who want to buy them. Today on the show, an abundance of apples and why some apple growers are getting out of the game altogether.

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The Indicator from Planet Money - Cool, cool, cooling jobs

The Bureau of Labor Statistics reported the unemployment rate remained steady at 4.1% and 12,000 jobs were added to the U.S. economy during October. It's a lower-than-expected jobs number, from a period that saw two significant hurricanes in the southeast and a strike from workers at Boeing. Today on the show, we explain the complexities of calculating the monthly job numbers, and why the Bureau of Labor Statistics can be trusted.

Related episodes:
Behind the scenes of Jobs Friday (Apple / Spotify / NPR)

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The Indicator from Planet Money - The U.S. once banned Chinese immigrants — and it paid an economic price

In 1880, the Chinese were the biggest group of immigrants in the western U.S. But Sinophobic sentiments crystallized into racist policies and eventually the Chinese Exclusion Act of 1882. The rationale was that banning Chinese laborers would boost job opportunities for U.S.-born workers. Today, an economist explains how the Chinese exclusion laws affected the economies of western states and what it says about our current debate over immigration and jobs.

Read the working paper co-authored by Nancy Qian.

A digital scan of the photo album in the California Historical Society's collections is available here.

For more on this period of history, check out At America's Gates: Chinese Immigration during the Exclusion Era, 1882-1943 by Erika Lee.

Related episodes:
What's missing in the immigration debate (Apple / Spotify)

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Curious City - “Spooky and salacious:” Do we need to rethink prison tourism?

It’s spooky season, a time when we often visit haunted houses and think about the paranormal. And if you live in the Chicago area, you’ve probably seen billboards and ads for the Old Joliet Haunted Prison. But at one point, it was an actual prison. Whether you believe in ghosts or not, questions about the paranormal can serve as an entry into the historical context of a place. Last episode, we visited the Old Joliet Prison to look into a lister’s question about whether it’s haunted. And that got us thinking about the ethics of “prison tourism.” Is it OK to take a place where people suffered and died and turn it into a site of entertainment? Today, we get into this question and more with Hope Corrigan, who reported on it for The Marshall Project.
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The Indicator from Planet Money - What’s missing in the immigration debate

Immigration is a top concern among U.S. voters this election cycle. But Zeke Hernandez, a professor at the University of Pennsylvania who studies immigration,thinks politicians and the media aren't giving the public the full story. Too often, he argues, they paint immigrants as objects of pity or fear, when the reality is much more complex — and positive. Today on the show, we look beyond the binary and explore the less talked about ways documented and undocumented immigrants shape the U.S. economy.

Zeke's book is called The Truth About Immigration: Why Successful Societies Welcome Newcomers.

Related listening:
Is the border crisis really a labor market crisis? (Apple / Spotify)
Do immigrants really take jobs and lower wages? (Apple / Spotify)
Welcome to the USA! Now get to work (Apple / Spotify)

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60 Songs That Explain the '90s - M.I.A—“Paper Planes”

Rob looks back at some major performances that came with pregnancy announcements, before focusing in on M.I.A and her 2008 hit “Paper Planes.” Along the way, Rob also touches upon the controversies that came with M.I.A’s fame. Later, writer and editor Puja Patel joins to discuss dancing on stage with M.I.A, the political and cultural conversation around the artist back in 2008, and much more.


Host: Rob Harvilla

Guest: Puja Patel

Producers: Jonathan Kermah and Justin Sayles

Additional Production Support: Olivia Crerie

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The Indicator from Planet Money - What happens when Social Security runs out of money?

Social Security has thus far been self-sustaining—payroll taxes go into this big fund, which then pays out monthly checks. But the problem we have now is the money coming into that fund is not keeping up with the money going out.

The election hasn't been great for people concerned about the government's finances. The Committee for a Responsible Federal Budget estimates that Donald Trump's election proposals will speed up the rundown in the Social Security fund by a few years.

So, when Social Security runs out of money as it's projected to do ... could we just borrow more money? And if so, what would that mean for the already rising government's debt?

Today on the show, how worried should we be about Social Security and the federal debt? We explain a fresh indicator to assess whether or not America's getting too far in the red.

Related Episodes:
What does the next era of Social Security look like?
Iceberg ahead for Social Security

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The Indicator from Planet Money - What looks like a bond and acts like a bond but isn’t a bond?

The Maldives is a small island nation struggling with a heavy debt load. Its borrowing includes $500 million worth of something called sukuk. These are bond-like investments that don't pay interest, to be in line with Islamic law. Today on the show, we explain how sukuk works, how it fits into the larger world of Islamic finance and what might happen if the Maldives can't pay back its debt.

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