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Updated 2024-05-06 16:18
The tale of a distressed American town on the doorstep of a natural paradise
The town of Orick sits just steps away from Redwood National Park. It has prime real estate for recreation and tourism, so why are its motels and restaurants shuttered and its residents impoverished?
Why The Racial Wealth Gap Is So Hard To Close
A new study shows the simple math of why — absent radical measures — America's racial wealth gap won't be closing anytime soon.
Fear The Vibe Shift: Are We Entering A Recession?
Despite low unemployment, solid spending, and continued job growth, signs are flashing that the U.S. economy is headed for another downturn.
Micro-Face Auction: The Most Collectible Comic Book Of All Time?
Will our Micro-Face comic book become the most collectible item ever created? Find the full Planet Money Superhero series here.
Ben Bernanke's Lessons From 'The Great Inflation'
In a new book, Ben Bernanke explains how and why the U.S. Federal Reserve has evolved to play such an important role in the economy.
The case for revolutionizing child care in America
A new book argues that greater public support for parents is critical for the brain development of America's kids.
The Work-From-Home climate challenge
Companies might have thought a silver lining from the pandemic was that remote work was slashing emissions. They're thinking again.
How palm oil prices are affecting the global economy
The prices of cooking oil are rising. Why that could put global security at risk.
Who is the real Elvira Nabiullina?
Russian central bank chief Elvira Nabiullina has cultivated the image of a nerdy, opera-loving technocrat, trapped in place by Putin's decision to go to war in Ukraine. It's not that simple.
Will Elon Musk turn activist at Twitter?
Musk is now Twitter's largest shareholder. That gives him a legal right to coerce and cajole and persuade and shout about what the company does.
How Russia rescued the ruble
The Russian ruble lost nearly half its value when Russia invaded Ukraine. Since then, it has been the top-performing currency in the world.
How Putin Conquered Russia's Oligarchy
In 2000, Vladimir Putin began targeting oligarchs who did not bend to his authority. The loyalists who remained — and new ones who subsequently got rich — became like ATM machines for the president.
How 'shock therapy' created Russian oligarchs and paved the path for Putin
In the 1990s, reformers adopted a radical economic program in Russia. It devastated ordinary Russians and created a new class of oligarchs. And it explains the rise of Putin and the leader he is today
The Strange Billionaire Who Revolutionized The Bond Market
A new book looks at the rise and fall of "The Bond King." It's a wild ride.
How sanctions are pinning down the Russian economy
The Russian economy is cratering under the weight of Western sanctions. Russian policymakers are struggling with how to respond — and what to wear.
How a wrinkle in the oil futures market has clogged America's oil pump
The U.S. is still the largest producer of oil, but we're a long way from pumping what we were before the pandemic. Blame backwardation.
Why America Has Been So Stingy In Fighting Child Poverty
The U.S. has a long tradition of favoring old people over kids. A new paper investigates why.
China promised Trump a better deal for America; it didn't actually deliver
In 2020, President Trump signed a deal with the Chinese government to improve trade relations. China, for the most part, has not followed through.
Price Controls, Black Markets, And Skimpflation: The WWII Battle Against Inflation
To control inflation during WWII, the U.S. government resorted to wide-ranging price controls. Their unintended consequences might explain why today's policymakers are reluctant to try it again.
How to roll out big ideas and avoid the Museum of Failure
A new book develops a science of scaling.
The Great Resignation? More like The Great Renegotiation
"The Great Resignation" looks mostly like workers negotiating for a better deal.
The Movement To Stick Inflation Blame On Biden
It's a bad time to be a world leader. COVID did that.
As carbon removal gains traction, economists imagine a new market to save the planet
Carbon removal went mainstream in 2021. But the technology is still light years away from making a real difference combating climate change. A group of economists wants to help change that.
How subsidies helped Montreal become "the Hollywood of video games"
For decades, Montreal has used generous tax subsidies to boost its video game industry. The policy has succeeded, but the city may need to keep the subsidies in place to keep companies from leaving.
The best and worst places to live if you only care about money
A new study looks at the finances of 3 million households over the course of a year. It finds significant differences in the standard of living across America.
Why is the Biden administration increasing the cost of building houses?
The Biden administration has doubled duties on lumber imported from Canada. Critics argue it hurts the goal of affordable housing.
The Conglomerate Paradox: As GE splinters, Facebook becomes Meta
GE announced it's breaking into three. Meanwhile, tech companies continue to take over a wider swath of industries.
How American leaders failed to help workers survive the 'China Shock'
Trade with China devastated American communities. A research project offers lessons on how to avoid repeating the same tragedy.
Meet skimpflation: A reason inflation is worse than the government says it is
The economy is malfunctioning. We're spending more and getting less. The problem is bigger than just standard inflation.
Why are so many Americans quitting their jobs?
Americans are exiting their employers' doors and Zoom meetings in droves. In fact, 2.9% of the entire workforce quit their jobs in August, according to the Bureau of Labor Statistics.
A Nobel Prize for a revolution in economics
David Card, Joshua Angrist, and Guido Imbens win a Nobel Prize for revolutionizing how economics is done.
'The Greatest Heist In History': How Haiti Was Forced To Pay Reparations For Freedom
Haiti is one of the poorest nations in the world, and rich countries have their fingerprints all over the nation's stunted development.
5 Lessons Evergrande Taught Us About The Chinese Economy
Here's what a troubled property developer tells us about the Chinese economy.
Why The City Will Survive The Age Of Pandemics And Remote Work
A new book explains why "the age of urban miracles" is far from over.
How A Blistering Housing Market Could Be Making Wildfires Even More Dangerous
California homes are burning. Why are they still increasing in value in regions prone to fire?
A Startup Is Turning Houses Into Corporations, And The Neighbors Are Fighting Back
The real estate startup Pacaso has rocketed to a billion-dollar valuation — but its recent fights with communities could foreshadow business troubles ahead.
Home Prices Are Now Higher Than The Peak Of The 2000s Housing Bubble. What Gives?
A new study helps to explain the dynamics of our bonkers housing market.
How 'The Pet Revolution' Unleashed A New Top Dog In America
A new book argues that we've seen a fundamental shift in the treatment of pets since 1998.
There's A Way You Can Beat The Best Investors. You've Just Got To Know When To Sell
A new study finds finance professionals fail at their jobs in a surprising way. There are lessons for all of us.
The Behavioral Economics Manifesto Gets Revised
We speak with the Nobel Prize-winning founder of behavioral economics about the new — and last — version of his classic book, Nudge.
The Untamed Rise Of Hospital Monopolies
America has seen decades of consolidation of its hospitals, raising prices for consumers. President Biden now wants to do something about it.
Why Remote Work Might Not Revolutionize Where We Work
Apple joins the ranks of tech firms freeing many employees from Silicon Valley offices. What this might mean for the geography of the American economy.
Beware Of 'Shrinkflation,' Inflation's Devious Cousin
Products are shrinking. Only some people are noticing.
What America's Startup Boom Could Mean For The Economy
The historic surge of new businesses seen in 2020 has continued through the first half of 2021. Is it merely a pendulum swing back to a normal economy, or a rocket ship to a better economy?
A New Way To Understand Automation
We speak with one of the leading scholars of automation about its evolving impacts on society.
How 'Chaos' In The Shipping Industry Is Choking The Economy
The U.S. trade deficit is hitting record highs — and it's fueled by a surge in demand for imports, mostly from East Asia. On both land and at sea, the shipping industry is struggling to keep up.
How California Homelessness Became A Crisis
Homelessness has gotten out of control in the Golden State. Will California be able to solve it?
Is There Really A Truck Driver Shortage?
The nation's big trucking employers have been arguing for decades that there's a trucker shortage. Is it really a shortage or something different?
The Case For Universal Pre-K Just Got Stronger
A new study looks at the effects of government-funded preschool in Boston and finds big benefits for kids.
Why Soaring Stocks Could Be Bad News For The Economy
A new book argues that the growing profitability of big business is bad news for workers.
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