Slate Money
Business
Slate Podcasts
A weekly roundup of the most important stories from the worlds of business and finance, hosted by Felix Salmon.
Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of our show page. Or, visit https://slate.com/moneyplus to get access wherever you listen.
Who Do Washington Post Boycotts Hurt? Not Jeff Bezos.
This week: Readers aren’t buying Jeff Bezos’ claim that killing the Washington Posts’ presidential endorsement wasn’t from his own business interests. Emily Peck, Elizabeth Spiers, and Anna Szymanski weigh in on how the move may or may not help Bezos and what the WaPo boycott can actually accomplish. Also: How would a Trump victory affect the economy? Badly, economists say. Finally: Facebook laid off two dozen workers for abusing their free GrubHub vouchers as companies crack down on perk abuse.
In the Plus segment: The New York Times took a sympathetic look at the parents of Sam Bankman-Fried and other jailed FTX execs. Our hosts found it to be pandering to the anxieties of the paper’s white, suburban readers. How much sympathy do the parents of 30-something corporate crooks really deserve?
Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jared Downing and Cheyna Roth.
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53:3502/11/2024
Money Talks: The Gambler Who Bet on Alibaba
In this Money Talks: the man who would bet billions on a coin toss. Host Felix Salmon chats with Lionel Barber, whose new book Gambling Man: The Secret Story of the World’s Greatest Disruptor, Masayoshi Son reveals how the man who backed Alibaba became the world’s biggest maverick investor, throwing fortunes at enterprises that could either succeed spectacularly or go down in flames.
Podcast production by Jared Downing and Cheyna Roth.
Want more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.
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37:4829/10/2024
Elon Musk’s Scheme to (Sort Of) Buy Trump Votes
This week: How do you buy an election? Throw a sweepstakes! Emily Peck, Elizabeth Spiers, and Rueters’ Anna Szymanski (filling in for Felix Salmon) discuss Elon Musk’s scheme to get potential Trump voters to the ballot box and the maneuverings of the campaign finance industrial complex. Next, they discuss a French gambler whose massive bet on the election may affect Trump’s real-world odds. Finally: Many Americans report living “paycheck to paycheck,” even though they have savings and splurge on luxuries.
In the Plus bonus mini-episode: Keurig Dr. Pepper plans to spend more than a billion dollars on the Ghost energy drink company. The hosts discuss what’s powering the energy drink renaissance and how some hyper-caffeinated, sugary beverages are managing to brand themselves as health and fitness drinks — and what it’s doing to the Gen Zs swallowing the bait.
Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jared Downing and Cheyna Roth.
Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more.
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56:0726/10/2024
Money Talks: How Did Trump Scam America? Lots of Luck.
In a very special election season Money Talks: Trump was never that good at business. How did he fake it till he made it? New York Times reporters Russ Buettner and Susanne Craig explain in their book Lucky Loser: How Donald Trump Squandered His Father’s Fortune and Created the Illusion of Success. They speak with host Emily Peck to discuss Trump’s early business missteps, the right-place-right-time happenstances that made him a reality star, and whether or not he might actually have talent…if only for deception and scams.
Podcast production by Jared Downing and Cheyna Roth.
Want more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.
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47:1122/10/2024
China Needs a Stimulus Bazooka
This week: Big trouble in not-so-little China as the second-largest economy tries to get out of its post-COVID funk. Emily Peck, Elizabeth Spiers, and Reuters’ Anna Szymanski (filling in for Felix Salmon) discuss China’s new economic stimulus measures, which might be too-little, too late. They also discuss the secretive family behind Boar’s Head and a Sherwood piece about a mysterious $7 billion estate tax. Finally, Josh Levin joins to discuss the new season of Slow Burn, which explores how Fox News hijacked American politics.
In the Plus bonus mini-episode: Starbucks wanted to be a classy Italian espresso house, but it became a modern milkshake shop for teens to loiter and flirt. Are its sugar and caffeine-packed drinks bad for otherwise upstanding youths? Or is it good they’re hanging at the ‘Bucks rather than seedier haunts?
Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jared Downing and Cheyna Roth.
Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more.
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01:01:0519/10/2024
Money Talks: We Could Run Out of Everything Again
For this Money Talks, it’s time to turn the rat race into a rat walk on the beach. Brigid Schulte, author of Over Work: Transforming the Daily Grind in the Quest for a Better Life, speaks with about America’s toxic relationship with labor in which employees at all levels are underpaid, under-rested, and over-hustled. They discuss what America can learn from work cultures in other countries and what it will take to achieve the four-day workweek.
In this Money Talks: The pandemic wrecked global supply chains — but they were already set up for disaster. Peter S. Goodman, author of How the World Ran Out of Everything: Inside the Global Supply Chain, speaks with Emily Peck about the failure of the “just-in-time” logistics model, how a global shipping cartel is suffocating small exporters, and how another pandemic-style supply chain breakdown could leave store shelves empty once again.
Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes for each regular Slate Plus episode. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the Slate Money show page. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jared Downing, Cheyna Roth, and Patrick Fort.
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47:5615/10/2024
What the Hurricanes Cost
This week: Big storms are the new norm, and they’re costing America big time. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the economic toll and surging insurance coasts of climate change. They also examine the curious case of a Canadian carpenter who made and lost a fortune on Tesla options, and Felix reveals what he’ll be up to on his upcoming sabbatical. In the Numbers Round, Emily discusses a Subtack that charts the most well-connected actors.
In the Plus bonus mini-episode: WordPress is a nonprofit foundation that supports around 40% of the internet, but its for-profit arm has locked horns with a major competitor. The hosts join Slate’s Nitish Pawah to discuss the battle between Automattic and WP Engine with the fate of a chunk of the web in the balance.
Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the Slate Money show page. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jared Downing and Cheyna Roth.
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57:0612/10/2024
Why Were the Striking Dockworkers Unpopular?
This week: the Longshoremen’s strike is over, and economic disaster has been averted. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the strike, sketchy union leader Harold Daggett, and how the White House put its thumb on the scales to help cut a deal. Also: OpenAI just had a $6.6 billion investment round, but the company is bleeding losses. Then: Dish Network wants to buy DirecTV for $1, but the bondholders who own its billions in debt might kill the deal.
In the Plus bonus mini-episode: It's a chicken tender world, and we’re just livin’ in it. The hosts discuss how chicken tenders (and nuggets and fingers) came to dominate American dining. (Even if Felix never eats at those sorts of places.) Then — bonus within the bonus — Felix and Emily get into a debate about Long Island pizza vs. Manhattan pizza.
Want more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jared Downing and Cheyna Roth.
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59:4905/10/2024
Money Talks: It’s Time to Work Less
For this Money Talks, it’s time to turn the rat race into a rat walk on the beach. Brigid Schulte, author of Over Work: Transforming the Daily Grind in the Quest for a Better Life, speaks with Emily Peck about America’s toxic relationship with labor in which employees at all levels are underpaid, under-rested, and over-hustled. They discuss what America can learn from work cultures in other countries and what it will take to achieve the four-day workweek.
Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes for each regular Slate Plus episode. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the Slate Money show page. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jared Downing, Cheyna Roth, and Patrick Fort.
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48:4101/10/2024
How Nike Shoes Got Lame
This week: the tragic tale of Nike, Foot Locker, and Bed Bath and Beyond. Bloomberg’s Kim Bhasin joins Felix Salmon, Emily Peck, and Elizabeth Spiers to discuss his recent piece on the downfall of the Nike brand and the peril of direct-to-consumer marketing. Then, they discuss Kim’s other feature on Jamie Salter, the man who made a fortune buying up mall “zombie brands” like Izod and Brook’s Brothers. Finally: The DOJ is suing Visa for monopolistic practices, but will it mean anything or ordinary consumers?
In the Plus bonus mini-episode: Three Mile Island is back, baby! The hosts discuss Mincrosoft’s power purchase agreement that involves switching on the defunct nuclear plant and Americans’ troubled relationship with nuclear in general.
Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the Slate Money show page. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jared Downing and Cheyna Roth.
Public.com+Public Investing Disclosure: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information.
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01:04:0128/09/2024
The Fed Rate Cut is a New Beginning
Mortgage rates are down! Inflation is less inflation-y! Felix Salmon, Emily Peck, and Elizabeth Spiers discuss what the Fed’s interest rate cut means for the American economy — and American voters. Also: Trump is promising tax cuts like there’s no tomorrow, but are any of them good ideas? And Axel Springer is spinning off its media empire in yet another news business shakeup.
In the Plus bonus mini-episode: Tupperware is bankrupt, but it shall live on in the underground communist container-sharing network.
Here’s a link to the Yukiko Morita bread lamps Emily mentioned in the numbers round.
Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the Slate Money show page. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jared Downing and Cheyna Roth.
Public.com+Public Investing Disclosure: Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. See public.com/#disclosures-main for more information.
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52:2521/09/2024
Money Talks: Under the Spell of Someone Else’s Wealth
For this Money Talks, Emily Peck chats with Rumaan Alam, author of Leave the World Behind. His new novel Entitlement explores what happens when normal people enter the lives of the super-rich. Rumaan and Emily discuss class, opportunity, and how the ego and conceit of wealth can be contagious.
Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes for each regular Slate Plus episode. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the Slate Money show page. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jared Downing and Cheyna Roth.
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38:3417/09/2024
Fasten Your Seatbelt, Boeing
Next up in Boeing’s year of hell: A worker strike. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the planemaker’s endemic labor issues, whether just snacking around is better than eating full meals, and how banks convinced the Fed to reverse course on Basel III Endgame regulations.
In the Plus bonus mini-episode, the hosts talk about the rise and fall of hotel room service and the allure of breakfast in bed.
Podcast production by Jared Downing and Cheyna Roth.
Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the Slate Money show page. Or, visit slate.com/moneyplus to get access wherever you listen.
Public.com+Public Investing Disclosure: Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. See public.com/#disclosures-main for more information.
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55:2214/09/2024
The Chase Glitch Proves Checks Are Stupid
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers debate one of the great questions of our time: Do Gen Zs even get checks? They can write them at least, as proved by the recent Chase check fraud TikTok fad. Also: the “founder mode” trend has Silicon Valley types in a tizzy, but does it apply to women CEOs? And what’s Japanese knotweed, and why is it destroying Elizabeth’s house?
In the Plus bonus mini-episode, the hosts talk about the rise and fall of hotel room service and the allure of breakfast in bed.
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jared Downing and Cheyna Roth.
Public.com+Public Investing Disclosure: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information.
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52:3307/09/2024
Money Talks: How to Make the Next Wordle
For this Money Talks, it’s all fun and games…and lots and lots of money. The Puzzmo game designer speaks with Felix Salmon about how to make addicting, viral pastimes that turn a profit. They discuss what made Wordle such a breakout hit, how to make games for both bad and good players, and the strained relationship between art and profit.
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jared Downing and Cheyna Roth.
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40:0003/09/2024
Is This Company Keeping the Rent Too Damn High?
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the lawsuit against RealPage, a software company the DOJ says helps landlords collude to keep rents too damn high. Also: Was Nvidia’s earnings report worth the hype? And Australia got a new “right to disconnect.” Will Americans ever get to unplug? In the bonus mini-episode, the hosts debate whether airports should limit alcohol and the promise and peril of drinking on planes.
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jared Downing and Cheyna Roth.
Public.com+Public Investing Disclosure: Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. See public.com/#disclosures-main for more information.
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50:3931/08/2024
Disney’s Wrongful Death Nightmare
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss Disney’s disastrous attempt to block a man from seeking justice for his deceased wife and the impact of the forced arbitration clauses most of us sign. Also: The political fallout of Kamala Harris’ vague remarks on price control and the White House’s “vibe-rarian,” and what the rise of sports betting means for the financial well-being of ordinary Americans.
In the Plus bonus episode: Will a new CEO be a much-needed espresso shot for Starbucks…or another stale cup of decaf?
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jared Downing and Cheyna Roth.
Public.com+Public Investing Disclosure: Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. See public.com/#disclosures-main for more information.
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52:5624/08/2024
Money Talks: How to Save a Doomed Economy
How do you save a region from an economic tailspin? For this Money Talks, Felix Salmon chats with Paul Collier, author of The Bottom Billion and, most recently, Left Behind: A New Economics for Neglected Places. They discuss the economic and political forces that drag countries and regions to the bottom — and how they might be saved. Paul gives examples across time and geography, from Cold War-era Germany to modern-day Africa.
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an exclusive bonus mini-episode with every regular episode of Slate Money! You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jared Downing and Cheyna Roth.
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40:2620/08/2024
Nate Silver and the Secret World of Risk-Takers
This week, author and data journalist Nate Silver joins Felix Salmon, Emily Peck, and Elizabeth Spires to discuss his new book On the Edge: The Art of Risking Everything, a deep dive into the risk-taking class that shapes modern society. They discuss the low-risk world of “the village,” and the community of high stakes, go-big-or-go-home investors on “the river.” How do these reams affect investments, AI, and politics? In the Plus segment: Nate gives his election forecast and the hosts debate how the media handled Joe Biden’s age concerns.
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jared Downing and Cheyna Roth.
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56:4017/08/2024
What the Heck is Going on in Japan?
This week, Felix Salmon is joined by guest hosts Shira Ovide of the Washington Post and Anna Szymanski of Reuters to discuss Japan’s market chaos, the guilty verdict in Google’s monopoly case, and whether Boeing’s new CEO can fly the company out of a storm of troubles. In the Plus bonus episode: The hosts go to the Mountain Dew belt to discuss the state of soda and the rise of non-alcoholic beer.
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jared Downing and Cheyna Roth.
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53:0310/08/2024
Money Talks: Can the Rich Really Lose It All?
For this Money Talks, Taffy Brodesser-Akner, author of Fleishman Is in Trouble, chats with Felix Salmon and Emily Peck about her newest novel Long Island Compromise, a tale about a a family of one-percenters who see their lives and fortunes turned upside down. The hosts discuss Taffy’s real-world inspirations for the story, the psychology of the rich, and whether it really is possible for the super wealthy to lose it all.
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jared Downing and Cheyna Roth.
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40:3006/08/2024
How the Olympics Has Changed Paris
On this week’s Slate Money, Felix Salmon and Emily Peck are joined by Slate’s Henry Grabar and former Slate Money co-host AnnaSzymanski. They dig into Henry’s experience covering the Paris Olympics; what’s in the latest jobs report; and Florida’s experiment with high-speed trains.
In the Slate Plus segment, what exactly is the Soup Dumpling Index?
Mentioned in the Show:
Tom Vailant for The Pudding: Is Sleep Training Harmful?
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jessamine Molli and Cheyna Roth.
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55:4303/08/2024
Rupert Murdoch Plays Succession Games
This week, the Slate Money team, Felix Salmon, Emily Peck and Elizabeth Spiers unpack the Rupert Murdoch family drama, some alleged stock manipulation, and Southwest Airlines’ latest policy change.
In Slate Plus, the crew unpack money transfers, and how a little extra cash could change your life.
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jessamine Molli and Cheyna Roth
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56:3027/07/2024
Money Talks: How to Write a Trashy Airport Book
For this Money Talks, lawyer/podcaster Peter Shamshiri, co-host of If Books Could Kill, reveals the secrets of junk nonfiction to host Emily Peck. He explains why “airport books” like The Secret, Hillbilly Elegy, and The Tipping Point tend to be rife with non-advice, pseudoscience, and outright junk, and what that means for our culture at large. He also tells how to get rich with your own crappy self-help book!
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jared Downing and Cheyna Roth.
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35:2023/07/2024
Did Y2K Finally Happen?
This week, as computers crash, computer makers are voting Trump. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the behind-the-scenes company behind the global tech shutdown, why Silicon Valley entrepreneurs like Trump and J.D. Vance, and why ESG has survived while DEI is in the dumps. For Slate Plus members: Why is the swimming pool market drying up?
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jared Downing and Cheyna Roth.
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01:01:5720/07/2024
When Are You Too Old to Work?
This week, older people are ditching the office. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss what a retirement wave means for young workers left behind, why Gen X-ers aren’t financially prepared to retire, and the rise of non-disclosure agreements in everyday life. For the Plus segment: What’s so special about the $150,000 luxury guard dog?
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jared Downing and Cheyna Roth.
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48:3713/07/2024
Money Talks: What Does “Making It” Really Mean?
For this Money Talks, former Teen Vogue executive editor Samhita Mukhopadhyay speaks with host Emily Peck about the false promise of the “girl boss” myth. In her book “The Myth of Making It,” Samhita recounts her own grueling climb to the top — a road paved with double standards and toxicity for women — and why she left it all behind. In her conversation with Emily, she discusses enduring hurdles facing career-driven and how we can begin to fix work culture for everyone.
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Podcast production by Jared Downing and Cheyna Roth.
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33:2209/07/2024
Behind Britain’s Bonkers Election
This week, Felix Salmon, and Elizabeth Spiers are joined by Shira Ovide, who writes the newsletter The Tech Friend for the Washington Post, and Peter Thal Larsen of Reuters, who demystifies the wacky state of European and British politics. Also: Are Chipotle burritos getting smaller? And why did Warren Buffett, top ally of the Gates Foundation, give his money to a not-yet-existing charity, hypothetically managed by his kids? In the Plus segment, it’s a shopping bonanza as the hosts discuss Nieman Marcus’ parent company gobbling up Saks Fifth Avenue.
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Podcast production by Jared Downing and Cheyna Roth.
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48:2606/07/2024
SCOTUS Cracks the Sackler Shield
This week, Slate Money goes to court. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss two big Supreme Court rulings: One that stripped government agencies of regulatory power, and another that struck down Purdue Pharma and the Sacklers’ bankruptcy plan. Also: Giant “megacap” companies rule the stock market. Is that good? In the Plus segment: the once-popular potato has fallen out of fashion, but the hosts make the case for a spud renaissance.
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Podcast production by Jared Downing and Cheyna Roth.
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51:0529/06/2024
Money Talks: Does Anyone Need Cookbooks?
For this Money Talks, Felix Salmon chats with food writer, podcaster, and cookbook author Matt Rodbard about the latest trends in the culinary biz. They discuss the Korean restaurant craze, the rise of non-alcoholic drinks, and how grocery stores got cool. They disagree on the usefulness of physical cookbooks but agree that MSG is underrated.
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Podcast production by Jared Downing and Cheyna Roth.
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28:2125/06/2024
McDonald's Fast Food Price War
Fast food prices are sky high, but chains will take losses to get you in the door. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the economics of a new value meal trend. Also: millennials are taking secret “quiet vacations” and dicey geopolitics are affecting bond markets. In the Plus segment: Yankee Stadium is now card-payment only. Do Americans have the right to use cold hard cash?
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Podcast production by Jared Downing and Cheyna Roth.
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50:2322/06/2024
Is Tesla Even a Good Car Company?
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss Tesla shareholders’ overwhelming support of Musk’s pay package, the return of the GameStop meme stock influencer, and why Governor Hochul killed New York’s congestion pricing plan. In the Plus segment: a Missouri restaurant has banned 20-somethings. Can they do that?
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Podcast production by Jared Downing and Cheyna Roth.
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44:5015/06/2024
Money Talks: The NIMBY Catch-22
It’s Money Talks…live! This episode was taped at The Hewlett Foundation’s annual New Common Sense Conference, where Felix Salmon chatted with Jerusalem Demsas, who covers housing and infrastructure for The Atlantic. They discuss the NIMBY mentality, regulatory tangles holding back real estate development, and what we have to give up to gain more affordable housing.
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Podcast production by Jared Downing and Cheyna Roth.
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40:1011/06/2024
Is the NY Times Just a Gaming Platform?
Even the Grey Lady struggles to profit from the news. This week, Felix Salmon, Emily Peck, and Elizabeth Spiers are joined by Semafor founder Ben Smith to discuss media profit models, the impact of Google’s AI on the news biz, and the TikTok-ification of information. In the Plus segment: Vivek Ramaswamy comes for Buzzfeed.
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Podcast production by Jared Downing and Cheyna Roth.
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47:1708/06/2024
Money Talks: The United States is Doing Retirement Wrong
On week’s special Money Talks, Teresa Ghilarducci, author of Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy joins Felix Salmon to discuss all things retirement. They dig into what other countries are getting right (and wrong) about retirement, how the 401k failed, Teresa’s ultimate plan to fix retirement, and more.
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Podcast production by Jared Downing and Cheyna Roth.
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39:4405/06/2024
Nobody’s Gonna Stop Nvidia
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers are joined by Alex Kantrowitz of the Big Technology podcast. They discuss why the Nvidia juggernaut isn’t going to slow down any time soon, the man, myth, and legend of OpenAI CEO Sam Altman, and whether U.S. texters will embrace WhatsApp and voice memos. In the Plus segment: Which candidate is most TikTok-able?
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Podcast production by Jared Downing and Cheyna Roth.
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54:4401/06/2024
Money Talks: Business is Bad for Lesbians
Lesbian businesses are great for the queer women’s community, but making them profitable is a different matter. For this Money Talks, Felix Salmon chats with June Thomas, author of A Place of Our Own: Six Spaces That Shaped Queer Women's Culture, to discuss a unique mix of cultural and economic challenges facing the queer economy.
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Podcast production by Jared Downing and Cheyna Roth.
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33:1628/05/2024
Endless Shrimp In This Economy!?
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers are joined by Kyla Scanlon, author of the new book In This Economy?: How Money & Markets Really Work to talk about the disconnect between reality and perception that lead what she calls a “vibecession” – wherein many believe we’re in a recession that isn’t actually happening at all. Also: The many reasons that may have led to Red Lobster’s bankruptcy – it’s not not because of shrimp – and Kyla helps answer a listener's question about stock buybacks.
In the Plus segment: The Taco Bell heist!
Podcast production by Jessamine Molli.
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44:2825/05/2024
Biden Zaps Chinese EVs
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the motivations and impacts of new tariffs plus the cultural forces behind China’s economic policy. Also: Congress is trying to figure out what to do with AI, and Melinda French Gates is getting her groove back. In the Plus segment: Rates for new mortgages suck right now, but what if you could buy out someone existing one?
Also: Do you have a donor-advised fund? Do you pay fees on it? Felix invites you to weigh in on his Axios poll for DAF holdersl
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Podcast production by Jared Downing and Cheyna Roth.
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54:4118/05/2024
Money Talks: Can Math Really Crack the Stock Market?
The “Fama–French model” is a Nobel laureate-designed tool for predicting the stock market. It guides hundreds of billions in investments. The problem? Its numbers keep shifting. For this Money Talks, Felix Salmon chats with Planet Money host Mary Childs about her deep dive for Bloomberg into finance mathematics. They question the nature of investing, markets, and reality itself.
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Podcast production by Jared Downing and Cheyna Roth.
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48:1314/05/2024
How Neoliberalism Scammed America
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers are joined by legal scholar Mehrsa Baradaran, author of The Quiet Coup: Neoliberalism and the Looting of America. Mehrsa explains the roots of the neoliberalism movement and how the myth of free market made the American economy more oppressive, especially against black and brown people. Also: A misogynistic party culture has been revealed at the FDIC, and small banks are feeling the economic pinch. In the Plus segment: The California wildfires weren’t caused by Jewish space lasers — but there was malfeasance behind the scenes.
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Podcast production by Jared Downing and Cheyna Roth.
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57:3811/05/2024
Will New DEA Rules Light Up the Weed Business?
This week: A new DEA designation for cannabis means high times for pot smokers, but what about the industry? Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the future of the cannabis business, Binance founder Changpeng “CZ” Zhao’s lax, four-month prison sentence, and why Americans keep buying more cheap junk (but spend fortunes on ravioli). In the Plus segment: Elon Musk fired Tesla’s Supercharger network team: a bold move, or just a dumb one?
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Podcast production by Jared Downing and Cheyna Roth.
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50:3004/05/2024
Money Talks: How to Get Fit Like the 1%
Too busy running the rat race to…run? Former Wall Street Journal fitness columnist Jen Murphy has some advice. She chats with host Emily Peck about making time for diet and exercise and the value of investing in your health at any age and stage of life.
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Podcast production by Jared Downing and Cheyna Roth.
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34:2430/04/2024
The Rich People Restaurant Crisis
Correction, April 29, 2024: In the audio of this podcast, Emily Peck originally misstated that the FTC sued to block the Penguin Random House–Simon and Schuster deal. It was the Department of Justice.
This week: a reservation at Carbone New York may cost a thousand dollars, but you’ve always got a table at Slate Money! Felix Salmon, Emily Peck, and Elizabeth Spiers discuss restaurant reservation resellers, the FTC’s new non-compete clause ban, and Biden’s rules for airline fees that make getting refunds easier than ever. In the Plus segment: After sell-or-be-banned legislation, is it the end for TikTok in America?
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Podcast production by Jared Downing and Cheyna Roth.
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44:0827/04/2024
Tesla’s Toxic Relationship With Musk
This week: Elon Musk wants his colossal, court-blocked pay package, and Tesla’s board wants to give it to him. Felix Salmon, Emily Peck, and Elizabeth Spiers also chat with Alicia Montgomery, current Slate audio VP and veteran of NPR, to discuss what is — and isn’t — behind NPR’s troubles. Also: inflation is high, but does the Fed really need to cut rates? In the Plus segment: Why Biden is going after Chinese steel.
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Podcast production by Jared Downing and Cheyna Roth.
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52:5720/04/2024
Money Talks: Felix Wins His Crypto Bet
Five years ago, tech investor Ben Horowitz of Andreessen Horowitz bet our own Felix Salmon a 100-year-old bottle of wine that 10% of Americans would be using Bitcoin to pay for something by now. Ben lost, of course, but he’s ready to double down with a new digital wager! He and partner Chris Dixon discuss the past and present of crypto, blockchain, and AI.
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Podcast production by Jared Downing and Cheyna Roth.
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35:4316/04/2024
Why America’s Internet Sucks
This week, Slate Money hacks the mainframe! Washington Post tech writer Shira Ovide joins Felix Salmon, Emily Peck, and Elizabeth Spiers to discuss what’s wrong with America’s internet industry, how YouTube became the media empire no one talks about, and the promise and peril of the AI toothbrush. In the Plus segment: OpenAI is using YouTube to train ChatGPT. Is that legal?
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Podcast production by Jared Downing and Cheyna Roth.
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54:2713/04/2024
EVs Need a Charge-Up
This week: Americans are less revved up about EVs. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss if Elon Musk’s mischief has played a role in slowing sales. Also: the crisis in the wine industry, and how a combination investigative publication/hedge fund wants to blow the lid off corporations — while shorting their stock. In the Plus segment: the proxy battle for the future of Disney.
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Podcast production by Jared Downing and Cheyna Roth.
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40:1506/04/2024
Money Talks: How to Escape the Invisible Factory
For this edition of Money Talks: Are you feeling trapped in Zoom/Teams/Slack purgatory? Author Cal Newport’s book Slow Productivity: The Lost Art of Accomplishment Without Burnout has a way forward. Host Emily Peck speaks with him about how the digital office became an “invisible factory” and how you can take back control of your working life.
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Podcast production by Jared Downing and Cheyna Roth.
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39:2202/04/2024
How Do You Bribe a President? Meme Stocks.
This week: Truth Social is the latest meme stock, and buying it could win favor with a president. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss what Truth Social means for Trump, whether Sam Bankman-Fried’s 25-year sentence is too harsh, and a Visa/Mastercard antitrust settlement that could change credit card fees as we know them. (Platinum holders beware.) In the plus segment: Why a global chocolate shortage is racking the candy industry.
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Podcast production by Jared Downing and Cheyna Roth.
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44:0330/03/2024