25 Burst results for "Stacey Smith"

INTERPOL Warns People About Counterfeit Coronavirus Vaccines

NPR's Business Story of the Day

03:11 min | 4 months ago

INTERPOL Warns People About Counterfeit Coronavirus Vaccines

"I took a year when the distribution of vaccines is so important. The international police organization has a serious warning also known as interpol. They're cautioning people about the dangers of counterfeit vaccines stacey vanik smith and cardiff garcia from our daily economics. Podcast the indicator from planet. Money wanted to find out more about this and so they took a trip into the dark web. The cova crisis has created a whole universe of opportunity for criminals fear and scarcity and high demand are very powerful market forces. china anderson has been watching these forces. Play out for months. He's a senior security researcher at domain tools. Were a cyber threat intelligence data company so we scan the entire internet as many times began every single day and give insights to customers based upon what we see and part of the whole internet is the so called dark web. That's the unregulated. Part of the web. Were a lot of illegal activity happens. Like what is the dark web like. There's many things when people talk about the dark way that most of the time what people are referring to is anonymous services illegal forums or illegal marketplace's illegal marketplaces where you can buy drugs or weapons or passports or cova vaccines so now starting to see some coronavirus vaccines you know looking at. Maybe two hundred different ads here. So can you read us some of the ads that you've found. Let me pull one up. I'm looking at here so You know the as ten covid. Nineteen vaccines The prices re thousand two hundred and seventy six euros. That's about four thousand. Us dollars so about four hundred dollars per vaccine. Yeah and for the record. Chad does not think that these vaccines are legit for one thing. The pfizer vaccine requires a very intense cold storage chain. The vaccines have to be kept at negative seventy degrees fahrenheit and also the kobe vaccine ads are mixed in with ads for all kinds of other things and chances that tends to be a red flag. Since we're in the sees you scroll up in there's cocaine You know scroll down. You've got your airline and You know molly matthew name it ashwell as you know. This site has firearms chances. The global cova crisis has been a massive opportunity for cybercriminals he says the online marketplaces are still a tiny part of it right now and most of the criminal activity has involved ransomware chad's because lives are at stake and there's so much chaos and now criminal organizations know that if they hack into the system of hospital they can demand and probably get a lot of money back in october. One hospital in new jersey paid cybercriminals more than six hundred and fifty thousand dollars after the criminals locked up their computer systems and threatened to publish all of their patient records. Chad expects that these kinds of attacks will become more frequent in coming months because after all the payoff for those kinds of attacks are much bigger than a couple thousand dollars for the covid vaccines. Although chad also expects the vaccine market place will continue to grow on the dark web. Stacey smith cardiff garcia. Npr news

International Police Organizat Stacey Vanik Smith Cardiff Garcia Molly Matthew Anderson China Pfizer Ashwell Chad United States New Jersey Stacey Smith Cardiff Garcia Npr News
"stacey smith" Discussed on Pod Save America

Pod Save America

05:17 min | 7 months ago

"stacey smith" Discussed on Pod Save America

"Stacey Smith claiming via facebook asks talk about Texas and our early voting turnout so far what does it mean? What's the way we can we up Sir talk about early voting. Reading early voting tea leaves General Anyone WanNa take a stab of that. It's exciting. Don't do it. Like I'm glad to see the turnout. It's really exciting to see people showing up if we waited for years for this moment let it motivate you let let it let it excite you let it inspire. You don't take any any aspect of it for granted whatsoever. Why is reading the tea leaves on early voting turnout not the most accurate way to find out whether we're or not. Well first of all, this is true in any election we know based on polling that because of the asymmetric information around the pandemic and voting itself people who are voting for. Biden are tending to vote earlier by mail and people who are going to vote for trump are planning to do it in person. It's a huge huge disparity. So even in a normal year, you can't read a lot into it but now it's all it tells us is that Democrats are voting, but we would know that anyway. Yeah, the other issue too is you can't really determine who's ahead by party registration. When one of the reasons that Biden has had a big polling lead if the polling lead is true is that he is pulling a lot of Republicans and independents especially independence. In addition to Democrats. So if you just see early voting, that's like d this number are this number non you know independent or no party this number it's really hard to find out who's ahead then and then like you said, love it, it's it's apples and oranges in a year where we've never had this many people by mail. So I, it's it's good to the enthusiasm, but that's a it's also the opposite or right there counties where trump won by twenty points, but there's a democratic. redistribution advantage because there are a lot of former Democrats who voted for trump in two, thousand sixteen and probably will again. Alex Madryn via facebook. Is there any way we can get back into the? Iran nuclear deal of Biden is elected. How long will it take for the US to regain its reputation on the world stage after all the damage trump has done in terms of foreign policy world? Oh I mean the the reputation question is going to be a generational problem. So good luck with that Joe. Yeah, he can get bring back in the Iran nuclear deal tomorrow. And then hopefully renegotiate a a stronger follow on agreement that extended I'm hoping that that's one of the first things that that Biden does. If he wins because right now, we should be clear that we are much less safe Iran is enriching uranium at levels that they were forbidden from doing under the Iran nuclear deal and on top of that, the trump administration is putting more more. Sanctions on them and just destroying their economy destroying their ability to get in like medical supplies in the middle of the pandemic. It is really a bloodthirsty vindictive horrible policy that is being implemented on the Iranian regime. I'm obviously no fan of the leadership in that country but you have a bunch of people trying to live through pandemic and they're just crushing them and it is deeply fucked up. All right. Last Question Julian Becky via facebook asks at what point is it too late, not effective to donate to candidates I'm thinking specifically of Senate candidates can still help Doug Jones or Gary Peters are donations useful right up to election day or their cutoff beforehand, or it becomes too late to place ads or send out mail. You take that one. Sure I. Think I mean maybe not on election day but I think in these in these last couple of weeks your money is very effective right like campaigns place last minute buys all the time they can go up on air really fast there's also in addition to advertising that's not just where the money's all spent. There's also a field operation there's ballot chase operations to make sure that you go find voters who haven't returned their ballots yet there. are, so many things. Campaigns can spend money on towards the end if they are hurting for cash or they are being outraged outspent by their opponent men. Yes. That money helps your money tends to help most in close races and especially some of the down ballot races where it doesn't take a lot of money to suddenly have a cash advantage, right? Like that's why we've been raising money in our fucked Gerrymandering Fund for a lot of state legislative races. We've been trying to do things like you know on on Thursdays pod. We told you about that poll in Doug Jones as race in Alabama Doug Jones raised how much was it over the weekend? They didn't that wasn't an external number. So. We tried to raise a bunch of money for Jones's race over the last couple of days. Can I keep in Tommy knows the internal number because I think it's cool that they reach out to us because they were looking for some help raising online I. DO think it speaks to John's broader point which is like Doug Jones is someone who is In a really tight race and really hard state and they think that they have a little if they can get a little more money into on air and do more in these closing weeks that they might be able to win. So we'll see. Yeah. So, maybe maybe when it comes down to like the day before the election, maybe you donate but up until then keep donating because it can help a lot. All right. When we come back, we'll have my interview with Lavoro Barnes who is the chairwoman of the Michigan Democratic Party. Erica..

Biden Doug Jones facebook Iran Stacey Smith Michigan Democratic Party Alex Madryn US Texas Lavoro Barnes Erica Joe Gerrymandering Fund Senate Julian Becky Tommy Alabama John
"stacey smith" Discussed on The Indicator from Planet Money

The Indicator from Planet Money

08:41 min | 9 months ago

"stacey smith" Discussed on The Indicator from Planet Money

"Kathy Seeker is fifty five. . She lives in an apartment that she rents in Camden South Carolina with her husband before the coronavirus pandemic, , Cathy was working multiple jobs. . She ran the cafe at a bookstore and she also worked as a server at a restaurant, , but the pandemic would shut down both of those workplaces and in March Kathy started a new job at an assisted living facility working with dementia patients she likes to work, , but it only pays twelve dollars an hour and overtime pay is not available to her so when I took the new job for my career. . It then sent our rent back. . Months just months, , I don't make enough money to support myself. . My husband had a stroke at forty four years ago so he's not able to work. . By August Kathy had fallen thousands of dollars behind on her rent and twelve dollars an hour. . She just was not making enough money to both pay her full rent and cover her other bills like eletricity and car insurance and her husband's medications and my landlord was wonderful to so patient with us really was wonderful but. . He has to make money you know and I had reconciled in my head like how I was going to get rid of our stuff how we're gonNA live in the car. . And that was just going to be okay. . Kennedy says there was some dark moments then when the stress from the possibility of being addicted was just overwhelming to be in that desperate situation. . To be in that desperate situation and really feel like you've done everything you possibly can you know I'm a Frugal Person I home schooled my children for years I know how to. . Pinch a good penny but I there was no panic. . This is indicated for planet money. . I'm Cardiff Garcia and I'm Stacey Smith Today on the show evictions millions possibly tens of millions of renters throughout the US could soon face a similar situation to the one that Kathy was facing the loss of jobs and income. . So many of these renters has left the country with a possible evictions crisis and that crisis could have catastrophic consequences both for the renter's themselves and also for the whole economy. . This message comes from NPR. . Sponsor Microsoft the world has changed and Microsoft teams is there to help us stay connected teams is the safe and secure way to chat meet call and collaborate to learn more visit Microsoft dot com slash teams. . Support for this podcast and the following message come from Google Google has a variety of free tools and resources to help small businesses adapt from trainings to on-demand classes through grow with Google explore Google's free tools for small businesses at Google Dot, , com slash small business. . The rent for the apartment the Kathy Kirchner shares with her husband in Camden South Carolina is six, hundred, , , ninety, , five dollars a month, , and she cannot afford that on her wages from the assisted living facility where she now works it's really difficult. . My paycheck today was five, , hundred, , ninety, , five dollars and and that's for two weeks even before the covert pandemic roughly one out of every four renting households in the US. . was already paying more than half of their monthly income in rent. . So. . Were already paying their rent paycheck to paycheck. . But when the pandemic started the federal government along with state and local governments did respond they responded with policies to help avoid an immediate surge fictions for a lot of these renters congress and the president expanded unemployment benefits in the cares act passed in late March, , which helped people who lost their jobs, keep , paying their bills, , things like rent plus a lot of state and local governments with these moratoriums in place that would stop landlords from a visiting tenants. . The federal government added its own moratorium on fictions for a lot of housing complexes that it subsidizes but the expanded unemployment benefits expired at the end of July in the moratoriums on. . In at least twenty, , four of the states that had them had also expired by the end of July. . Including the moratorium in Kathy's own State of South Carolina. . The Federal Moratorium has also expired and all of these reasons why so many housing experts are now warning that innovations crisis could start soon and the people who are most vulnerable to innovations. . Crisis are low income renters according to the Urban Institute. . Low income renters are more likely to have held jobs that have been lost in the Cova pandemic especially jobs in food. . Services and the retail sector. . In fact, , two of the jobs that Kathy Secrets your work before the pandemic in a restaurant and in a bookstore were in those two sectors. . The new job she took at the assisted living facility did not pay her nearly enough to offset the income she lost, , but the economy is still in rough shape. . So finding the kind of works used to do is just still really hard this hard when you're willing to work three four jobs like I'm not afraid to work, , but you can't find work. . A lot of Americans can't find work right now and many are struggling to pay their rent according to the Census Bureau roughly one out of five renters could not pay their rent on time in July and August could be worse nearly one out of three renters said the either had no confidence only slight confidence that they could pay their August rent for months. . Kathy says that she herself could only pay partial rent her landlord kept growing tab for her running. . into thousands of dollars and I would ask him every couple of months to show us what where we work because I was trying to make payments I would I would keep making payments, , but it would be like three hundred dollars for the month. . Well, , that's less than half of what I, , what I them, , even though I have a job that's a you know a decent job, , but it was it was a challenge. . You know it's very stressful to live under that. . Environment, , if innovations crisis does become a reality communities of color would also be disproportionately hurt partly because a much higher share of black and Latino. . Households are renters instead of homeowners there about twice as likely as white households to rent, , and before the pandemic, , they were already much more likely to face eviction than white households. . If there is any good news here, , it's just evictions. . Crisis is not actually started yet. . The warning signs are flashing red but so far evictions. Are . actually quite low in a lot of major cities that of course does not mean that everything is fine. . Remember that the expanded unemployment benefits and the state moratoriums on fictions only just expired a few weeks ago and it could take a bit of time before the struggles that people are having in paying their rent translate into actual evictions and it also means of course that there is still time for federal state and local policymakers to act again and possibly avert. . Meanwhile. . In at least some parts of the country hundreds of rental systems, programs , have been directing their money to help prevent evictions and a lot of them have received money from the federal government for this very purpose and one of those organizations ended up helping Kathy. . In fact, , it was actually her landlord who put her in touch with the local program from the United Way that Helps Fight Homelessness this program called New Day Kathy applied and got a grant from new day. . She was approved to receive about four thousand dollars and that money cleared all the background Kathy owed her landlord a felt like I. . Finally had a chance to get my head. . Slightly above water so that I could breathe and it would give me that time that I needed. . To get my life together again, , and by the first of September, , we'll be able to put the rest of my rent down like I'll be able to breathe. . Of course, , a new start does not mean everything will continue to be fine in the future Kathy's hopeful that as the economy recovers, , she'll be able to find other jobs to supplement her income but that partly also depends on whether it becomes safe to work those jobs while there is still a pandemic, , there is no certainty about this or about whether the economy will keep recovering. . So in the meantime, , Kathy has a message for policymakers. . Anything can turn on a dime and there are people who are really hard working. . <hes> who really don't want take charity but don't have a choice. . And if it is something that can help people even. . Anybody. . I would absolutely begged them to consider to continue these programs. . We need them people that want to make their rent they want. . To, pay , their bills. . They don't. . WanNa take charity they and they're working as hard as they can. . You know, , and then when you add in the stress of. . VID. . And going out. . Even, , if you don't have to work environment like, , I do just to go out, , it's it's so mentally exhausting. . The the mental anguish of not being able to pay your bills is overwhelming. . Overwhelming And I don't. . I don't. . Know How funding works but I do know that if there had not been this funding. . I'd, , be in my car.

Kathy Seeker Kathy Cathy Camden South Carolina Microsoft NPR Kennedy US Cardiff Garcia Stacey Smith
The Looming Eviction Crisis

The Indicator from Planet Money

08:41 min | 9 months ago

The Looming Eviction Crisis

"Kathy Seeker is fifty five. She lives in an apartment that she rents in Camden South Carolina with her husband before the coronavirus pandemic, Cathy was working multiple jobs. She ran the cafe at a bookstore and she also worked as a server at a restaurant, but the pandemic would shut down both of those workplaces and in March Kathy started a new job at an assisted living facility working with dementia patients she likes to work, but it only pays twelve dollars an hour and overtime pay is not available to her so when I took the new job for my career. It then sent our rent back. Months just months, I don't make enough money to support myself. My husband had a stroke at forty four years ago so he's not able to work. By August Kathy had fallen thousands of dollars behind on her rent and twelve dollars an hour. She just was not making enough money to both pay her full rent and cover her other bills like eletricity and car insurance and her husband's medications and my landlord was wonderful to so patient with us really was wonderful but. He has to make money you know and I had reconciled in my head like how I was going to get rid of our stuff how we're gonNA live in the car. And that was just going to be okay. Kennedy says there was some dark moments then when the stress from the possibility of being addicted was just overwhelming to be in that desperate situation. To be in that desperate situation and really feel like you've done everything you possibly can you know I'm a Frugal Person I home schooled my children for years I know how to. Pinch a good penny but I there was no panic. This is indicated for planet money. I'm Cardiff Garcia and I'm Stacey Smith Today on the show evictions millions possibly tens of millions of renters throughout the US could soon face a similar situation to the one that Kathy was facing the loss of jobs and income. So many of these renters has left the country with a possible evictions crisis and that crisis could have catastrophic consequences both for the renter's themselves and also for the whole economy. This message comes from NPR. Sponsor Microsoft the world has changed and Microsoft teams is there to help us stay connected teams is the safe and secure way to chat meet call and collaborate to learn more visit Microsoft dot com slash teams. Support for this podcast and the following message come from Google Google has a variety of free tools and resources to help small businesses adapt from trainings to on-demand classes through grow with Google explore Google's free tools for small businesses at Google Dot, com slash small business. The rent for the apartment the Kathy Kirchner shares with her husband in Camden South Carolina is six, hundred, ninety, five dollars a month, and she cannot afford that on her wages from the assisted living facility where she now works it's really difficult. My paycheck today was five, hundred, ninety, five dollars and and that's for two weeks even before the covert pandemic roughly one out of every four renting households in the US. was already paying more than half of their monthly income in rent. So. Were already paying their rent paycheck to paycheck. But when the pandemic started the federal government along with state and local governments did respond they responded with policies to help avoid an immediate surge fictions for a lot of these renters congress and the president expanded unemployment benefits in the cares act passed in late March, which helped people who lost their jobs, keep paying their bills, things like rent plus a lot of state and local governments with these moratoriums in place that would stop landlords from a visiting tenants. The federal government added its own moratorium on fictions for a lot of housing complexes that it subsidizes but the expanded unemployment benefits expired at the end of July in the moratoriums on. In at least twenty, four of the states that had them had also expired by the end of July. Including the moratorium in Kathy's own State of South Carolina. The Federal Moratorium has also expired and all of these reasons why so many housing experts are now warning that innovations crisis could start soon and the people who are most vulnerable to innovations. Crisis are low income renters according to the Urban Institute. Low income renters are more likely to have held jobs that have been lost in the Cova pandemic especially jobs in food. Services and the retail sector. In fact, two of the jobs that Kathy Secrets your work before the pandemic in a restaurant and in a bookstore were in those two sectors. The new job she took at the assisted living facility did not pay her nearly enough to offset the income she lost, but the economy is still in rough shape. So finding the kind of works used to do is just still really hard this hard when you're willing to work three four jobs like I'm not afraid to work, but you can't find work. A lot of Americans can't find work right now and many are struggling to pay their rent according to the Census Bureau roughly one out of five renters could not pay their rent on time in July and August could be worse nearly one out of three renters said the either had no confidence only slight confidence that they could pay their August rent for months. Kathy says that she herself could only pay partial rent her landlord kept growing tab for her running. into thousands of dollars and I would ask him every couple of months to show us what where we work because I was trying to make payments I would I would keep making payments, but it would be like three hundred dollars for the month. Well, that's less than half of what I, what I them, even though I have a job that's a you know a decent job, but it was it was a challenge. You know it's very stressful to live under that. Environment, if innovations crisis does become a reality communities of color would also be disproportionately hurt partly because a much higher share of black and Latino. Households are renters instead of homeowners there about twice as likely as white households to rent, and before the pandemic, they were already much more likely to face eviction than white households. If there is any good news here, it's just evictions. Crisis is not actually started yet. The warning signs are flashing red but so far evictions. Are actually quite low in a lot of major cities that of course does not mean that everything is fine. Remember that the expanded unemployment benefits and the state moratoriums on fictions only just expired a few weeks ago and it could take a bit of time before the struggles that people are having in paying their rent translate into actual evictions and it also means of course that there is still time for federal state and local policymakers to act again and possibly avert. Meanwhile. In at least some parts of the country hundreds of rental systems, programs have been directing their money to help prevent evictions and a lot of them have received money from the federal government for this very purpose and one of those organizations ended up helping Kathy. In fact, it was actually her landlord who put her in touch with the local program from the United Way that Helps Fight Homelessness this program called New Day Kathy applied and got a grant from new day. She was approved to receive about four thousand dollars and that money cleared all the background Kathy owed her landlord a felt like I. Finally had a chance to get my head. Slightly above water so that I could breathe and it would give me that time that I needed. To get my life together again, and by the first of September, we'll be able to put the rest of my rent down like I'll be able to breathe. Of course, a new start does not mean everything will continue to be fine in the future Kathy's hopeful that as the economy recovers, she'll be able to find other jobs to supplement her income but that partly also depends on whether it becomes safe to work those jobs while there is still a pandemic, there is no certainty about this or about whether the economy will keep recovering. So in the meantime, Kathy has a message for policymakers. Anything can turn on a dime and there are people who are really hard working. who really don't want take charity but don't have a choice. And if it is something that can help people even. Anybody. I would absolutely begged them to consider to continue these programs. We need them people that want to make their rent they want. To, pay their bills. They don't. WanNa take charity they and they're working as hard as they can. You know, and then when you add in the stress of. VID. And going out. Even, if you don't have to work environment like, I do just to go out, it's it's so mentally exhausting. The the mental anguish of not being able to pay your bills is overwhelming. Overwhelming And I don't. I don't. Know How funding works but I do know that if there had not been this funding. I'd, be in my car.

Kathy Federal Government Kathy Seeker Kathy Kirchner Kathy Secrets South Carolina Google Microsoft Camden South Carolina NPR Cathy Census Bureau Urban Institute Camden Kennedy United States Cova Congress US.
"stacey smith" Discussed on The Indicator from Planet Money

The Indicator from Planet Money

08:35 min | 1 year ago

"stacey smith" Discussed on The Indicator from Planet Money

"A sudden stop. That is how economists are referring to the massive decline in economic activity that is now happening throughout the world in response to the corona virus pandemic measures to deal with the pandemic measures that were once unthinkable are coming to parts of the US big festivals and conferences have been cancelled. Sports Leagues have suspended. Their seasons restaurants and bars and a lot of places are shutting down retail outlets like apple stores and Nike stores are closed and here in New York. All Broadway plays and public. Schools are closed. This is all part of a national and global strategy called social distancing which is meant to slow the transmission of the virus and stop this public health crisis by keeping people away from crowds. Hopefully fewer people will catch the virus and the public crisis will turn out to be temporary but that is also what makes fighting the economic decline caused by social distancing so hard a ton of economic activity relies on people getting together and all of this activity is coming to a sudden stop in the US just like it has in other countries. I'm Stacey Smith and I'm Cardiff Garcia busy indicator from planet. Money Today on the show we are. GonNa look at the possible economic damage that the sudden stop could directly inflict on the US economy. And why if policymakers don't deal with this collapsed the right way it also might leave behind. Indirect damaged would take years to recover from support for this podcast and the following message come from Microsoft teams where you can contribute to meetings from anywhere chat with coworkers and find all your files in one place ready to unleash the power of your team open teams more at Microsoft Dot com slash teams support for NPR and the following message. Come from transfer wise those smart new way to send and receive money internationally. Join over six million customers in seventy countries who are already saving and try it for free at transfer wise dot com slash. Npr or download. The APP how bad could things get for the US economy one of the clearest attempts to answer this question was written last week? By Pierre grinches in economist at Berkeley and Pierce's first of all he totally agrees with the public health experts. Social distancing is important to prevent unnecessary deaths from the virus and from the economic side. The question is if you do that all you creating any kind of long lasting damage to the conic fabric Of the country that then will create some problems down the line. Peer put together a simple model of what could happen. In this model economic growth will be fifty percent lower in the first month of the collapsed. Then if there had been no pandemic and then twenty five percent lower in the second month but then after the second month the pandemic is over. That's the model and peer says. He really does think that such a massive collapse is possible. In fact the collapse could easily last longer than two months. He says so. This model might even be optimistic scenario and even just that short amount of time when the economy is in such a deep catastrophic collapse just two months would have a devastating effect for this whole year. Were you had ten normal months along with these two horrific months the economy would still end up being six percent smaller this year than it was last year. The two thousand eight crisis in still in. Everyone's mind we remember that time. Dues were terrible times in terms of economic activity in two thousand eight the US economy contracted by four and a half percent. So we're looking at something that on the baseline relatively optimistic scenario is GONNA this. That's right. Remember the recession of two thousand eight and two thousand nine. When the unemployment rate went all the way to ten percent the crisis that took the better part of a decade to recover from will in that recession the economy shrunk by about four to four and a half Percent Sapir saying that the fallout from the corona virus pandemic. This year could be even worse than that. But look that is not a prediction for what is going to happen. Not at all. It's just a model of how bad things realistically could get. Impure thought it was important to offer this model to focus people's minds on what is happening and peer ads. The economy can make up for some of that. Lost economic activity wants the pandemic is over. Economists WILL DEBATE. How much of that can really be recovered versus? How much is lost forever? But what really matters is to get the economy back to growing as fast as possible once the pandemic is over. And here's the thing pure describes the economy as this big interconnected network banks lending to businesses businesses paying workers workers paying their rent and buying stuff from other businesses and so on and if you want the economy to recover fast after the crisis all of the connections in that network have to be preserved during the crisis because the risk of the pandemic is not just at some economic activity will be immediately lost. We know that's going to happen. The risk is also that these connections holding the economy together will fall apart if that happens. Those relationships will be hard to rebuild. And that will delay the economy's ability to recover to understand this. Peer says let's say you're a worker. Who gets laid off by Your Business. You're unemployed so you're an employee now. You might responded by cutting down dramatically. Whatever it is that you're spending. Maybe you won't be able to pay your rent you'll have to try to move to a smaller place So you're cutting down. You're spending so sales of some other. Businesses are going to get hurt and we get this sort of feedback going from one link in the network getting amplified and further down propagated down ecomomic system and this logic also applies to businesses themselves. Peer says they also have networks. That can start to deteriorate. They're shutting down now so they can't sell anything to make money but they still have bills to pay to like the rent. So maybe they go to their banks to borrow money to pay the rent and maybe keep paying their workers until the crisis is over. Well they might have problems refinancing a credit line with their bank. The bank might just say no. We're not renewing that because we're not seeing you selling anything so we're cutting down your credit line so now you have to repay so you can't do that so now. The business is going bankrupt. Now the bank may in turn have non-performing loans and then be piling up so the bank may be in trouble so now you have a financial crisis on top of everything else these kinds of amplification and Sebok loops that we can try to avoid these broken networks. These negative feedback loops would not just prevent the economy from recovering to its potential. After the pandemic is over they would also shrink the economy's potential itself because rebuilding the networks. Those relationships would take time on the other hand. If policymakers can find ways to keep people employed and paid through the crisis and if they can find ways to prevent businesses from having access to credit shut off then those networks have a chance of staying resilient until the crisis is over and if so then the economy can jump start right away wants to Corona Virus. Pandemic is behind us or at least once it's contained workers can go right back to work in the jobs that they were already doing. Businesses will be able to pay their suppliers and they'll keep their relationships with banks plus says the temporary nature of this crisis or at least everyone hopes it's temporary actually provides an opportunity for policymakers. If you know the crisis is going to be very short-lived you don't want to destroy all his network of relations. You WanNa preserve it so that it can restart again if the crisis. We're going to be a permanent crisis so very long lasting crisis. There would be much less of a need to do that because you couldn't just preserve these relationships so far. The Federal Reserve has taken steps to support the financial system in the hopes that credit stays cheap and accessible for businesses. Who NEED TO BORROW MONEY? And the President and Congress are negotiating for the best ways to support workers and businesses and to preserve those networks that underpin the economy. They'll need to act fast because the sun stop is incoming. It's already here. This episode of the indicator was produced by Darius Rob beyond our fact Checker is Britney Cronin our editors Patty Hirsch indicator is a production of Antioch..

US NPR Microsoft Stacey Smith apple Federal Reserve Nike New York Cardiff Garcia President Pierre grinches Darius Rob Pierce Berkeley
"stacey smith" Discussed on The Indicator from Planet Money

The Indicator from Planet Money

09:18 min | 1 year ago

"stacey smith" Discussed on The Indicator from Planet Money

"All right here we are. This is here. We are so the other day Darius we took a little trip to a huge apartment complex in New York it is enormous one of the biggest biggest in the world. It spans like ten city blocks in New York houses around thirty thousand people. Yeah and it's known locally as stuyvesant town or Sta towns down a uh-huh cool village cat. It's like a bunch of giant brick towers sort of all identical in rows and we were there because because of an indicator an indicator given to us by Ben Ho. He's an economist at Vassar College. Yeah and Ben says this indicator is a big deal a milestone down and win this indicator hit this milestone. Ben said he was like Oh my God. I thought there should be parades and like people cheering and instead like there's a the articles and like the trade press and people haven't talked about much. I think it's a contender for the most important indicator of all time the most important indicator for all time at least for me. Ooh Okay make your case. This is fascinating. What is this indicator? Indicator is the cost of solar electricity specifically that the cost of solar electricity has been falling by a lot not falling by so much. It's actually now competitive with fossil fuels. It's gotten that cheap which brought us to the roof of a twenty storey brick building in February roof that has now covered in solar panels. And we were there. Because this roof is owned by one of the biggest baddest most profit focus companies on Wall Street in large large part because of Ben's indicator this is the indicator from planet money. I'm Stacey Smith and we are on the roof of building. We're here twenty or so stories above these filaret colds today on the show the price of solar what changed and I've been thinks this so important. It's a little windy too. Beautiful View his beautiful this message comments from NPR sponsored show. Bonnie Haute made to taste just like milk. Doc It's creamy frothy and great with coffee and cookies but without the dairy because it's not milk it's almost milk new Shabani owed support also also comes from the capital. One saver card earned four percent cashback on dining and entertainment to percents at grocery stores and one percent on all other purchases now. Now when you go out you cash in capital one. What's in your wallet? Terms apply back in two thousand six. Ben Ho was the lead energy economist. Missed under president. George W Bush and he was part of a team looking for energy alternatives economically viable energy alternative. Being the operative word there the energy source to beat was coal it was the cheapest source of energy and back then like solar was almost like a joke. At the time I was looking at the numbers and cost five cents ends or four cents per kilowatt hour natural gas also in that range and sold there was like a dollar per kilowatt hour. Oh Wow and you were just like this. This is never going to be cost effective. You heard that correctly recklessly. Solar Power was twenty times more expensive than coal solar was just never gonNA happen. It was a non starter. It was a punchline and then something changed changed actually a bunch of. Something's yeah a lot of small things that took the price down by five or ten percent so for one thing. Government subsidies on the state and federal level brought costs down for businesses and residents got more people to buy into solar which meant more companies started making solar panels and then companies that made solar panels started competing against each other tomake cheaper more efficient panels as a result. The panel's got nearly twice as efficient and the price dropped from about a thousand dollars per panel to around one hundred and fifty dollars per panel today. Hey It's a series of sort of small process improvements over the past ten fifteen years for the cost down like a magical amount of money a magical amount of money. The prices solar job by more than ninety ninety percent from one dollar per kilowatt hour fifteen years ago to four cents per kilowatt hour today and that is today's indicator four four cents per kilowatt hour. which makes the cheapest form of electricity in the US and also in the world cheaper than cheaper natural gas jubilant coal cheaper than coal? Oh my drop. Yes because when that happens is ben everything changed and then thinks this will take solar power from like a fringy source of energy to a major maybe even the main source of energy in the world but at this point solar energy still only accounts for about two percent of the energy in the US I think that's totally changes. At least how icy climate change right so before when like solar and renewables more expensive it was all about sort of getting people to like sacrifice to do the right thing And now it's actually just getting people to save money. I mean if we're looking at pure economics though I mean if solar is only two percent and we have these huge entrenched energy can companies from the biggest companies in the world. That have a lot of money. A lot of jobs tied up in traditional like fossil fuels and those kinds of energies. Like how I mean. That seems like some daunting economics to overcome right. I think I'm a big believer in the markets. Now the soldiers act cheaper. Actually think that the market and capitalist pretty powerful driving force to move people torward the cheapest form of energy and you see that happening right So they just had the biggest year in history in the United States because of just the fallen costs companies like facebook book and Microsoft have started investing millions of dollars in solar energy and so has blackstone blackstone in case. You haven't heard them a giant Wall Street private equity firm Um and Hedge Fund. Basically they deal with money. Enormous amounts so much money. They manage hundreds of billions of dollars yep blackstone definitely really not like a hippy. dippy let's all try to save the Planet Company. No no no. This is not like reusable tote bag Greenpeace canvasser type company. They care about the bottom line and blackstone has started investing millions in Solar Power Blackstone owns the company that manages Stuy town the apartment complex in New York with all the solar panels and Kelly vaas is the CEO of that division of the company. And he oversaw this big solar project and he took us out to the roof to check out the solar panels firsthand. We're standing standing on the rooftop status in town and you're looking at a few of the nine thousand six hundred seventy one solar panels that we put on rooftops to be precise and isn't isn't the that's for size. Nine thousand six hundred and seventy one solar panels on building after building just spanning ten. The city blocks just laid out before us. All these buildings like as far as we can buildings so as you can see like how many square feet of roof twenty two acres does that have to do the math on the square feet on that. We did the math. We did the math and it is almost a million square feet of roof all painted white and all covered in shiny black glass solar solar panels all about the size of a foosball table. Kellyanne is team installed the panels last year and they estimated it will reduce Stuy town carbon footprint by about sixteen percent so the project cost of eleven million. That's a lot. Will you lose money on it as a cost neutral we make a little money we we we will have a return on investment. It's not significant. It's it's not a lot of money but it is definitely not a loss if it had been a loss Kelly. They couldn't have really considered going solar now that they have these panels up and running. Kelly says lots of other building managers and businesses have been taking exactly this tour that we took asking about how they might go solar as well. What's the biggest this question that you get from people who are considering doing it? Did you make money on it. They want to know. Is there a return on it. Is it affordable all of those things and in the answer for I was yes blackstone was so jazzed about the results of its Stuy town project it is investing another eight hundred and fifty million dollars and solar and this says Ben is exactly clear why he thinks the cheapness of solar is the most important indicator of all time on this sort of problem of climate change. I think yeah I've optimism. I think in part because a lot of the stories you hear about climate change all assume that coal-based future I mean listen. Climate change is not over as a problem Ben Points out. There is still significant obstacles to overcome if solar is to become a major energy source for the world. I mean for one thing. It only works when the sun is out. That's a problem battery technology that could store. Solar Energy is in great right now also the panels would need to get more efficient for all of STA towns. Nine thousand Rosen odd solar panels. Solarte will still only supply about six percent of the energy for the apartment complex. Still says now that economics is on its side. Now that the mathworks he thinks solar has a bright view. Now now biggest hurdles past right. I think it's for me. Is the most exciting indicator. It makes me optimistic about the future. Today's episode of the indicator was produced by Leeson's Gary back checked by Britney Cronin edited did by Patty hearst and the indicator is a production of N._p._R...

Ben Solar Power Blackstone Ben Ho United States Stuy New York Kelly vaas blackstone Vassar College blackstone blackstone Darius Stacey Smith NPR
Why Cheap Solar Could Save the World

The Indicator from Planet Money

09:00 min | 1 year ago

Why Cheap Solar Could Save the World

"So the other day Darius we took a little trip to a huge apartment complex in New York it is enormous one of the biggest biggest in the world. It spans like ten city blocks in New York houses around thirty thousand people. Yeah and it's known locally as stuyvesant town or Sta towns down a uh-huh cool village cat. It's like a bunch of giant brick towers sort of all identical in rows and we were there because because of an indicator an indicator given to us by Ben Ho. He's an economist at Vassar College. Yeah and Ben says this indicator is a big deal a milestone down and win this indicator hit this milestone. Ben said he was like Oh my God. I thought there should be parades and like people cheering and instead like there's a the articles and like the trade press and people haven't talked about much. I think it's a contender for the most important indicator of all time the most important indicator for all time at least for me. Ooh Okay make your case. This is fascinating. What is this indicator? Indicator is the cost of solar electricity specifically that the cost of solar electricity has been falling by a lot not falling by so much. It's actually now competitive with fossil fuels. It's gotten that cheap which brought us to the roof of a twenty storey brick building in February roof that has now covered in solar panels. And we were there. Because this roof is owned by one of the biggest baddest most profit focus companies on Wall Street in large large part because of Ben's indicator this is the indicator from planet money. I'm Stacey Smith and we are on the roof of building. We're here twenty or so stories above these filaret colds today on the show the price of solar what changed and I've been thinks this so important. It's a little windy too. Beautiful View his beautiful this message comments from NPR sponsored show. Bonnie Haute made to taste just like milk. Doc It's creamy frothy and great with coffee and cookies but without the dairy because it's not milk it's almost milk new Shabani owed support also also comes from the capital. One saver card earned four percent cashback on dining and entertainment to percents at grocery stores and one percent on all other purchases now. Now when you go out you cash in capital one. What's in your wallet? Terms apply back in two thousand six. Ben Ho was the lead energy economist. Missed under president. George W Bush and he was part of a team looking for energy alternatives economically viable energy alternative. Being the operative word there the energy source to beat was coal it was the cheapest source of energy and back then like solar was almost like a joke. At the time I was looking at the numbers and cost five cents ends or four cents per kilowatt hour natural gas also in that range and sold there was like a dollar per kilowatt hour. Oh Wow and you were just like this. This is never going to be cost effective. You heard that correctly recklessly. Solar Power was twenty times more expensive than coal solar was just never gonNA happen. It was a non starter. It was a punchline and then something changed changed actually a bunch of. Something's yeah a lot of small things that took the price down by five or ten percent so for one thing. Government subsidies on the state and federal level brought costs down for businesses and residents got more people to buy into solar which meant more companies started making solar panels and then companies that made solar panels started competing against each other tomake cheaper more efficient panels as a result. The panel's got nearly twice as efficient and the price dropped from about a thousand dollars per panel to around one hundred and fifty dollars per panel today. Hey It's a series of sort of small process improvements over the past ten fifteen years for the cost down like a magical amount of money a magical amount of money. The prices solar job by more than ninety ninety percent from one dollar per kilowatt hour fifteen years ago to four cents per kilowatt hour today and that is today's indicator four four cents per kilowatt hour. which makes the cheapest form of electricity in the US and also in the world cheaper than cheaper natural gas jubilant coal cheaper than coal? Oh my drop. Yes because when that happens is ben everything changed and then thinks this will take solar power from like a fringy source of energy to a major maybe even the main source of energy in the world but at this point solar energy still only accounts for about two percent of the energy in the US I think that's totally changes. At least how icy climate change right so before when like solar and renewables more expensive it was all about sort of getting people to like sacrifice to do the right thing And now it's actually just getting people to save money. I mean if we're looking at pure economics though I mean if solar is only two percent and we have these huge entrenched energy can companies from the biggest companies in the world. That have a lot of money. A lot of jobs tied up in traditional like fossil fuels and those kinds of energies. Like how I mean. That seems like some daunting economics to overcome right. I think I'm a big believer in the markets. Now the soldiers act cheaper. Actually think that the market and capitalist pretty powerful driving force to move people torward the cheapest form of energy and you see that happening right So they just had the biggest year in history in the United States because of just the fallen costs companies like facebook book and Microsoft have started investing millions of dollars in solar energy and so has blackstone blackstone in case. You haven't heard them a giant Wall Street private equity firm Um and Hedge Fund. Basically they deal with money. Enormous amounts so much money. They manage hundreds of billions of dollars yep blackstone definitely really not like a hippy. dippy let's all try to save the Planet Company. No no no. This is not like reusable tote bag Greenpeace canvasser type company. They care about the bottom line and blackstone has started investing millions in Solar Power Blackstone owns the company that manages Stuy town the apartment complex in New York with all the solar panels and Kelly vaas is the CEO of that division of the company. And he oversaw this big solar project and he took us out to the roof to check out the solar panels firsthand. We're standing standing on the rooftop status in town and you're looking at a few of the nine thousand six hundred seventy one solar panels that we put on rooftops to be precise and isn't isn't the that's for size. Nine thousand six hundred and seventy one solar panels on building after building just spanning ten. The city blocks just laid out before us. All these buildings like as far as we can buildings so as you can see like how many square feet of roof twenty two acres does that have to do the math on the square feet on that. We did the math. We did the math and it is almost a million square feet of roof all painted white and all covered in shiny black glass solar solar panels all about the size of a foosball table. Kellyanne is team installed the panels last year and they estimated it will reduce Stuy town carbon footprint by about sixteen percent so the project cost of eleven million. That's a lot. Will you lose money on it as a cost neutral we make a little money we we we will have a return on investment. It's not significant. It's it's not a lot of money but it is definitely not a loss if it had been a loss Kelly. They couldn't have really considered going solar now that they have these panels up and running. Kelly says lots of other building managers and businesses have been taking exactly this tour that we took asking about how they might go solar as well. What's the biggest this question that you get from people who are considering doing it? Did you make money on it. They want to know. Is there a return on it. Is it affordable all of those things and in the answer for I was yes blackstone was so jazzed about the results of its Stuy town project it is investing another eight hundred and fifty million dollars and solar and this says Ben is exactly clear why he thinks the cheapness of solar is the most important indicator of all time on this sort of problem of climate change. I think yeah I've optimism. I think in part because a lot of the stories you hear about climate change all assume that coal-based future I mean listen. Climate change is not over as a problem Ben Points out. There is still significant obstacles to overcome if solar is to become a major energy source for the world. I mean for one thing. It only works when the sun is out. That's a problem battery technology that could store. Solar Energy is in great right now also the panels would need to get more efficient for all of STA towns. Nine thousand Rosen odd solar panels. Solarte will still only supply about six percent of the energy for the apartment complex. Still says now that economics is on its side. Now that the mathworks he thinks solar has a bright view. Now now biggest hurdles past right. I think it's for me. Is the most exciting indicator. It makes me optimistic about the future.

BEN Solar Power Blackstone Ben Ho Stuy New York United States Kelly Vaas Blackstone Vassar College Blackstone Blackstone Darius Stacey Smith NPR
"stacey smith" Discussed on New Player Has Joined

New Player Has Joined

11:06 min | 1 year ago

"stacey smith" Discussed on New Player Has Joined

"Weather I guess it's Kinda hard to be freaking out when you're laughing the same time. I really appreciate you guys being so open about your mental health on the show. I think that's really cool especially especially from two. You know boss White Guys Tom. Hanks and I know you mentioned you. Go to therapy and Keith. You're on medicine good for you but is there anything else you use to like Cup with you. WanNa share with everybody everybody I like to use my dog. He's great and got into Yogu- now that a year ago I know very typical Also wanted to call and talk to somebody about my favorite game blade chronicles to an love. It so I plead the whole thing and then I played the deal. He the and I loved the crap out of it and now I'm playing in game again and I love everything about it except daft maybe Like the hyper sexualization. Female jokes gets to me but being a woman. You're kind of like all right I've seen this before Yeah and I don't really have anyone else to talk to you about. Those don't really know anyone else who's played the game recently. Found out that the guy at my work played the game view. View the grapevine somebody let me know and so I approached him the other day came on a little too strong freak out but then he was like all alright. Girls obviously knows what she likes. So we're GONNA sit down. We're going to talk about the game. I'm really excited because I have some theories and and Yeah thanks for helping me out today and uh helping me a little bit I hope you were all our. Wow well thank you so much. Helen thank you. So you're the best. I'm glad we're able to help you. You hear this compliment. You're the best year. The goddamn Best Jalan against something I have when I drive I have tons of anxiety especially yeah like we're out on the west coast and I'm heights. Yeah drive up to big bear in the mountains sometime. Yeah and like it's cliff sides. It's usually in the mountains sometimes in the mountains. It's its terrifying me. I have to really calm myself down. I have to listen to. I listened to one of my favorite artists. Gregory Alan is a coffee is like an indie folk singer. It's very calming music. I listened to that I listen to Vince. Girl these Charlie Brown Christmas music. Yeah that calms me down a lot but yeah music. A lot is a is a big coping mechanism. I'm the opposite. Ah I like I should know into not drive. I drive anyway. I drove through a blizzard in Montana and a semi flipped over right right next to me while I was driving in part of me is like pullover Alpa. The other parties like that semi almost killed me. Yeah I'M GONNA keep drive. What you do I kept driving because I'm like I'm driving a Honda? Yeah in Montana or there's a blizzard. Yeah a truck guy who actually knows how to help people can help. The what do I do very scattered and a lot of very scary car are situations. I understand very much. What helps me cope nothing? I now I'm doing way better recently. way better recently leahy and It's all about their understanding your perspective and I see yourself how insane things I've had more Simpson's understanding because my biggest thing before there wasn't like I've anxiety depression but they're just symptoms of really what's going on. May that's something I'd to figure out in therapy no matter how many things you so many says something to you. It's not gonNA Click until it clicks for you and your perspective just how you see things and honestly how you see. Things is crazy. No blades way to sexualize those. It was women. Geez just calm down. Every Jesse plays personae of the guy. He lives in a house with like so. So you gotTA boyfriend. Yeah every like areas Dora every six year old girl that wonders. Who was your boyfriend? I'm like quit. It's fucking fucking grows and the whole game is having sex with everyone. I haven't played played chronicles to and I do want to It's it's a massive passive game. It's huge. It's huge huge like it it'll take me one hundred hours and I guarantee Helen. You didn't come on strong. I guarantee I guarantee you didn't come onto you strong because somebody who's the plane that game isn't going to be like. Don't talk to me about it. There can be like Holy Shit another person in the office. If this game somebody I worked with random to me slapped across the face it was like I want to talk about persona five. I would forget they slapped me across the fan. Yeah if somebody came up to me and was like roller hockey. I was like close enough. Yup Yeah cool cool. Yeah that's worth anything We're we're glad you're listening to the show. Obviously and we're glad it's helping out also. We're glad you're doing yoga because yeah very helmet got it just started doing yoga. Hot Yoga guys. It's it's sucks so hard I'm links. It's great because you don't realize like I'm in great shape. Goddamn guys I take my clothes off Isla great nightmare I'm sweating. Yeah and we need to do that in your room. I look great and no but I literally literally Alad Great. I feel great and I'd just like bend down. I'm like I don't really look like an idiot. Can I sit in this chair. I get the the whole class is just an instructor being like Andrew doing that wrong. Just GonNa Adjust your but over here. It's great because it's not only just stretching it's helping me breathe down. It's like a bunch of things where it's like. Do this do that. I WANNA keep up with class since literally like do whatever you want just calmly armley breathe. Good the pace. You WanNa go but yeah good for you. That's all it's always just about working on yourself when you're not working on yourself and then you're like what's going on not catch. Yeah it's like the fact that you're working on yourself you're trying to go forward. Trust me. It all works Helen. You're doing all doing awesome. Keep it up one more. Do One marring Pirlo. Oh yes this is phoenix less. I'm an attorney arch long. Bergen sex. And I'm here. They call you. Regrettably because I have the unfortunate duty to serve Mr Aristotle Autho Vado. I'm serving him a subpoena Oud because of his incident at the golf course squatted pants. I realized he had crept into. This is ultra The golf course has reached out to me and they said that is the front all incumbents in Mr off the Baidoa's episode of the players joys will save shipmates. I listened and I was appalled. The damning evidence. It's good thing off course reached out to me anyways I'm here to serve you Miss Task Vado could please call me. Hacked the number shown on your telephone. Thank you yeah that would be great and If you need a lawyer I have a cousin the venture and you know we just ask for a piece of the Pie if he can help you in and if I win I can help him. I don't see you winning. Hope you enjoy the rest of your day and new players join his awesome and for your podcast. I love it through. By as great has a field has fields feel Arizona got serving even say yes. That's my name I've been served a whole play too painful ever seen anyone been served ever. My friend's mom did that. I was around it three times. It was interesting. What what was it like? They were both under the door Situations so it wasn't like 'cause normally there's GonNa be a fight or fuck you or something like that and there's Louis like Janet as like. Yeah 'cause you come to the door and then she'll realize who was and they're like no she's like you said your name you've been served walks away and I'm like Oh like I. It's such a weird thing where it's just like you know you're getting sued right. Yeah by trying to ignore it for a very long time. Now that's like basically what. Yeah why why do people get mad at the server. I never because they. They finally got caught but some guy who's just like I know I got Casa my car we are. I mean I always think I can only imagine pineapple express. Yeah me too. I only only thing that. But that's exactly what they're like. They're just chill next to you. They like find out your bar sitting next to have a drink or whatever and they're like you look familiar. Is Your name Janet. Now it's Stacey Stacey Smith yes you've been served have a good day. It's like all my jolly four server like you clean up you've been served served break dancing. They break dance in front of you and everything's been served guys. We did it you called. We only have five hundred more calls if we haven't gotten to yet if you're like Holy Shit. I left a voicemail like four months ago. I know we're trying people like message me on Instagram. Like do you don't WanNa do mine. Would you want to do all those guys. If I knew all of your voicemails were like I've anxiety. Thank you for Tyler. I would like we playing them. Twenty four seven like but I not. We're not aware we don't know guys. Are we liked for calling we our intention to get all of them every single one one says one. And you'RE GONNA have to deal with that Matthew. Let's get out of here. Let's do it. There's been new players joined by by..

Helen Montana Alad Great Hanks Yogu Keith Cup Janet Stacey Stacey Smith Gregory Alan Charlie Brown Vince TA Honda Mr Aristotle Autho Arizona leahy Jesse Tyler
"stacey smith" Discussed on New Player Has Joined

New Player Has Joined

11:06 min | 1 year ago

"stacey smith" Discussed on New Player Has Joined

"Weather I guess it's Kinda hard to be freaking out when you're laughing the same time. I really appreciate you guys being so open about your mental health on the show. I think that's really cool especially especially from two. You know boss White Guys Tom. Hanks and I know you mentioned you. Go to therapy and Keith. You're on medicine good for you but is there anything else you use to like Cup with you. WanNa share with everybody everybody I like to use my dog. He's great and got into Yogu- now that a year ago I know very typical Also wanted to call and talk to somebody about my favorite game blade chronicles to an love. It so I plead the whole thing and then I played the deal. He the and I loved the crap out of it and now I'm playing in game again and I love everything about it except daft maybe Like the hyper sexualization. Female jokes gets to me but being a woman. You're kind of like all right I've seen this before Yeah and I don't really have anyone else to talk to you about. Those don't really know anyone else who's played the game recently. Found out that the guy at my work played the game view. View the grapevine somebody let me know and so I approached him the other day came on a little too strong freak out but then he was like all alright. Girls obviously knows what she likes. So we're GONNA sit down. We're going to talk about the game. I'm really excited because I have some theories and and Yeah thanks for helping me out today and uh helping me a little bit I hope you were all our. Wow well thank you so much. Helen thank you. So you're the best. I'm glad we're able to help you. You hear this compliment. You're the best year. The goddamn Best Jalan against something I have when I drive I have tons of anxiety especially yeah like we're out on the west coast and I'm heights. Yeah drive up to big bear in the mountains sometime. Yeah and like it's cliff sides. It's usually in the mountains sometimes in the mountains. It's its terrifying me. I have to really calm myself down. I have to listen to. I listened to one of my favorite artists. Gregory Alan is a coffee is like an indie folk singer. It's very calming music. I listened to that I listen to Vince. Girl these Charlie Brown Christmas music. Yeah that calms me down a lot but yeah music. A lot is a is a big coping mechanism. I'm the opposite. Ah I like I should know into not drive. I drive anyway. I drove through a blizzard in Montana and a semi flipped over right right next to me while I was driving in part of me is like pullover Alpa. The other parties like that semi almost killed me. Yeah I'M GONNA keep drive. What you do I kept driving because I'm like I'm driving a Honda? Yeah in Montana or there's a blizzard. Yeah a truck guy who actually knows how to help people can help. The what do I do very scattered and a lot of very scary car are situations. I understand very much. What helps me cope nothing? I now I'm doing way better recently. way better recently leahy and It's all about their understanding your perspective and I see yourself how insane things I've had more Simpson's understanding because my biggest thing before there wasn't like I've anxiety depression but they're just symptoms of really what's going on. May that's something I'd to figure out in therapy no matter how many things you so many says something to you. It's not gonNA Click until it clicks for you and your perspective just how you see things and honestly how you see. Things is crazy. No blades way to sexualize those. It was women. Geez just calm down. Every Jesse plays personae of the guy. He lives in a house with like so. So you gotTA boyfriend. Yeah every like areas Dora every six year old girl that wonders. Who was your boyfriend? I'm like quit. It's fucking fucking grows and the whole game is having sex with everyone. I haven't played played chronicles to and I do want to It's it's a massive passive game. It's huge. It's huge huge like it it'll take me one hundred hours and I guarantee Helen. You didn't come on strong. I guarantee I guarantee you didn't come onto you strong because somebody who's the plane that game isn't going to be like. Don't talk to me about it. There can be like Holy Shit another person in the office. If this game somebody I worked with random to me slapped across the face it was like I want to talk about persona five. I would forget they slapped me across the fan. Yeah if somebody came up to me and was like roller hockey. I was like close enough. Yup Yeah cool cool. Yeah that's worth anything We're we're glad you're listening to the show. Obviously and we're glad it's helping out also. We're glad you're doing yoga because yeah very helmet got it just started doing yoga. Hot Yoga guys. It's it's sucks so hard I'm links. It's great because you don't realize like I'm in great shape. Goddamn guys I take my clothes off Isla great nightmare I'm sweating. Yeah and we need to do that in your room. I look great and no but I literally literally Alad Great. I feel great and I'd just like bend down. I'm like I don't really look like an idiot. Can I sit in this chair. I get the the whole class is just an instructor being like Andrew doing that wrong. Just GonNa Adjust your but over here. It's great because it's not only just stretching it's helping me breathe down. It's like a bunch of things where it's like. Do this do that. I WANNA keep up with class since literally like do whatever you want just calmly armley breathe. Good the pace. You WanNa go but yeah good for you. That's all it's always just about working on yourself when you're not working on yourself and then you're like what's going on not catch. Yeah it's like the fact that you're working on yourself you're trying to go forward. Trust me. It all works Helen. You're doing all doing awesome. Keep it up one more. Do One marring Pirlo. Oh yes this is phoenix less. I'm an attorney arch long. Bergen sex. And I'm here. They call you. Regrettably because I have the unfortunate duty to serve Mr Aristotle Autho Vado. I'm serving him a subpoena Oud because of his incident at the golf course squatted pants. I realized he had crept into. This is ultra The golf course has reached out to me and they said that is the front all incumbents in Mr off the Baidoa's episode of the players joys will save shipmates. I listened and I was appalled. The damning evidence. It's good thing off course reached out to me anyways I'm here to serve you Miss Task Vado could please call me. Hacked the number shown on your telephone. Thank you yeah that would be great and If you need a lawyer I have a cousin the venture and you know we just ask for a piece of the Pie if he can help you in and if I win I can help him. I don't see you winning. Hope you enjoy the rest of your day and new players join his awesome and for your podcast. I love it through. By as great has a field has fields feel Arizona got serving even say yes. That's my name I've been served a whole play too painful ever seen anyone been served ever. My friend's mom did that. I was around it three times. It was interesting. What what was it like? They were both under the door Situations so it wasn't like 'cause normally there's GonNa be a fight or fuck you or something like that and there's Louis like Janet as like. Yeah 'cause you come to the door and then she'll realize who was and they're like no she's like you said your name you've been served walks away and I'm like Oh like I. It's such a weird thing where it's just like you know you're getting sued right. Yeah by trying to ignore it for a very long time. Now that's like basically what. Yeah why why do people get mad at the server. I never because they. They finally got caught but some guy who's just like I know I got Casa my car we are. I mean I always think I can only imagine pineapple express. Yeah me too. I only only thing that. But that's exactly what they're like. They're just chill next to you. They like find out your bar sitting next to have a drink or whatever and they're like you look familiar. Is Your name Janet. Now it's Stacey Stacey Smith yes you've been served have a good day. It's like all my jolly four server like you clean up you've been served served break dancing. They break dance in front of you and everything's been served guys. We did it you called. We only have five hundred more calls if we haven't gotten to yet if you're like Holy Shit. I left a voicemail like four months ago. I know we're trying people like message me on Instagram. Like do you don't WanNa do mine. Would you want to do all those guys. If I knew all of your voicemails were like I've anxiety. Thank you for Tyler. I would like we playing them. Twenty four seven like but I not. We're not aware we don't know guys. Are we liked for calling we our intention to get all of them every single one one says one. And you'RE GONNA have to deal with that Matthew. Let's get out of here. Let's do it. There's been new players joined by by..

Helen Montana Alad Great Hanks Yogu Keith Cup Janet Stacey Stacey Smith Gregory Alan Charlie Brown Vince TA Honda Mr Aristotle Autho Arizona leahy Jesse Tyler
"stacey smith" Discussed on New Player Has Joined

New Player Has Joined

11:06 min | 1 year ago

"stacey smith" Discussed on New Player Has Joined

"Weather I guess it's Kinda hard to be freaking out when you're laughing the same time. I really appreciate you guys being so open about your mental health on the show. I think that's really cool especially especially from two. You know boss White Guys Tom. Hanks and I know you mentioned you. Go to therapy and Keith. You're on medicine good for you but is there anything else you use to like Cup with you. WanNa share with everybody everybody I like to use my dog. He's great and got into Yogu- now that a year ago I know very typical Also wanted to call and talk to somebody about my favorite game blade chronicles to an love. It so I plead the whole thing and then I played the deal. He the and I loved the crap out of it and now I'm playing in game again and I love everything about it except daft maybe Like the hyper sexualization. Female jokes gets to me but being a woman. You're kind of like all right I've seen this before Yeah and I don't really have anyone else to talk to you about. Those don't really know anyone else who's played the game recently. Found out that the guy at my work played the game view. View the grapevine somebody let me know and so I approached him the other day came on a little too strong freak out but then he was like all alright. Girls obviously knows what she likes. So we're GONNA sit down. We're going to talk about the game. I'm really excited because I have some theories and and Yeah thanks for helping me out today and uh helping me a little bit I hope you were all our. Wow well thank you so much. Helen thank you. So you're the best. I'm glad we're able to help you. You hear this compliment. You're the best year. The goddamn Best Jalan against something I have when I drive I have tons of anxiety especially yeah like we're out on the west coast and I'm heights. Yeah drive up to big bear in the mountains sometime. Yeah and like it's cliff sides. It's usually in the mountains sometimes in the mountains. It's its terrifying me. I have to really calm myself down. I have to listen to. I listened to one of my favorite artists. Gregory Alan is a coffee is like an indie folk singer. It's very calming music. I listened to that I listen to Vince. Girl these Charlie Brown Christmas music. Yeah that calms me down a lot but yeah music. A lot is a is a big coping mechanism. I'm the opposite. Ah I like I should know into not drive. I drive anyway. I drove through a blizzard in Montana and a semi flipped over right right next to me while I was driving in part of me is like pullover Alpa. The other parties like that semi almost killed me. Yeah I'M GONNA keep drive. What you do I kept driving because I'm like I'm driving a Honda? Yeah in Montana or there's a blizzard. Yeah a truck guy who actually knows how to help people can help. The what do I do very scattered and a lot of very scary car are situations. I understand very much. What helps me cope nothing? I now I'm doing way better recently. way better recently leahy and It's all about their understanding your perspective and I see yourself how insane things I've had more Simpson's understanding because my biggest thing before there wasn't like I've anxiety depression but they're just symptoms of really what's going on. May that's something I'd to figure out in therapy no matter how many things you so many says something to you. It's not gonNA Click until it clicks for you and your perspective just how you see things and honestly how you see. Things is crazy. No blades way to sexualize those. It was women. Geez just calm down. Every Jesse plays personae of the guy. He lives in a house with like so. So you gotTA boyfriend. Yeah every like areas Dora every six year old girl that wonders. Who was your boyfriend? I'm like quit. It's fucking fucking grows and the whole game is having sex with everyone. I haven't played played chronicles to and I do want to It's it's a massive passive game. It's huge. It's huge huge like it it'll take me one hundred hours and I guarantee Helen. You didn't come on strong. I guarantee I guarantee you didn't come onto you strong because somebody who's the plane that game isn't going to be like. Don't talk to me about it. There can be like Holy Shit another person in the office. If this game somebody I worked with random to me slapped across the face it was like I want to talk about persona five. I would forget they slapped me across the fan. Yeah if somebody came up to me and was like roller hockey. I was like close enough. Yup Yeah cool cool. Yeah that's worth anything We're we're glad you're listening to the show. Obviously and we're glad it's helping out also. We're glad you're doing yoga because yeah very helmet got it just started doing yoga. Hot Yoga guys. It's it's sucks so hard I'm links. It's great because you don't realize like I'm in great shape. Goddamn guys I take my clothes off Isla great nightmare I'm sweating. Yeah and we need to do that in your room. I look great and no but I literally literally Alad Great. I feel great and I'd just like bend down. I'm like I don't really look like an idiot. Can I sit in this chair. I get the the whole class is just an instructor being like Andrew doing that wrong. Just GonNa Adjust your but over here. It's great because it's not only just stretching it's helping me breathe down. It's like a bunch of things where it's like. Do this do that. I WANNA keep up with class since literally like do whatever you want just calmly armley breathe. Good the pace. You WanNa go but yeah good for you. That's all it's always just about working on yourself when you're not working on yourself and then you're like what's going on not catch. Yeah it's like the fact that you're working on yourself you're trying to go forward. Trust me. It all works Helen. You're doing all doing awesome. Keep it up one more. Do One marring Pirlo. Oh yes this is phoenix less. I'm an attorney arch long. Bergen sex. And I'm here. They call you. Regrettably because I have the unfortunate duty to serve Mr Aristotle Autho Vado. I'm serving him a subpoena Oud because of his incident at the golf course squatted pants. I realized he had crept into. This is ultra The golf course has reached out to me and they said that is the front all incumbents in Mr off the Baidoa's episode of the players joys will save shipmates. I listened and I was appalled. The damning evidence. It's good thing off course reached out to me anyways I'm here to serve you Miss Task Vado could please call me. Hacked the number shown on your telephone. Thank you yeah that would be great and If you need a lawyer I have a cousin the venture and you know we just ask for a piece of the Pie if he can help you in and if I win I can help him. I don't see you winning. Hope you enjoy the rest of your day and new players join his awesome and for your podcast. I love it through. By as great has a field has fields feel Arizona got serving even say yes. That's my name I've been served a whole play too painful ever seen anyone been served ever. My friend's mom did that. I was around it three times. It was interesting. What what was it like? They were both under the door Situations so it wasn't like 'cause normally there's GonNa be a fight or fuck you or something like that and there's Louis like Janet as like. Yeah 'cause you come to the door and then she'll realize who was and they're like no she's like you said your name you've been served walks away and I'm like Oh like I. It's such a weird thing where it's just like you know you're getting sued right. Yeah by trying to ignore it for a very long time. Now that's like basically what. Yeah why why do people get mad at the server. I never because they. They finally got caught but some guy who's just like I know I got Casa my car we are. I mean I always think I can only imagine pineapple express. Yeah me too. I only only thing that. But that's exactly what they're like. They're just chill next to you. They like find out your bar sitting next to have a drink or whatever and they're like you look familiar. Is Your name Janet. Now it's Stacey Stacey Smith yes you've been served have a good day. It's like all my jolly four server like you clean up you've been served served break dancing. They break dance in front of you and everything's been served guys. We did it you called. We only have five hundred more calls if we haven't gotten to yet if you're like Holy Shit. I left a voicemail like four months ago. I know we're trying people like message me on Instagram. Like do you don't WanNa do mine. Would you want to do all those guys. If I knew all of your voicemails were like I've anxiety. Thank you for Tyler. I would like we playing them. Twenty four seven like but I not. We're not aware we don't know guys. Are we liked for calling we our intention to get all of them every single one one says one. And you'RE GONNA have to deal with that Matthew. Let's get out of here. Let's do it. There's been new players joined by by..

Helen Montana Alad Great Hanks Yogu Keith Cup Janet Stacey Stacey Smith Gregory Alan Charlie Brown Vince TA Honda Mr Aristotle Autho Arizona leahy Jesse Tyler
"stacey smith" Discussed on The Indicator from Planet Money

The Indicator from Planet Money

08:53 min | 1 year ago

"stacey smith" Discussed on The Indicator from Planet Money

"So I'm just going to be upfront here today story. It is kind of a bummer. For Ladies. Love A bummer. It is about a new study that that just came out of the Yale School of management but it is a really important one it's about the housing market and how well single women do versus single men then when they buy a home when they invest in the housing market housing is probably the largest purchase made by most Americans. That's Kelly shoe she. She teaches finance at the Yale School of Management and she says we invest more in our homes on the stock market so when she and her colleague Paul Goldsmith Pinkham recently. We bought houses around the same time they were paying a lot of attention to the transactions in many other settings Men Do better in negotiation in terms of getting getting better prices So curious we weren't sure but we were curious about whether this would play a role in the housing market Kellyanne. Paul ended up looking at data from over or fifty million housing transactions. And here is what they found. On average single women buy houses for two percent more than single men but they also sell salvos houses for two percent less so single women are getting hit on both sides coming and going and it really adds up. Women are losing about about one thousand three hundred seventy dollars per year relative to men because they tend to buy the same house at a higher price and sell for a lower price you know you multiply the couple of decades and we are talking about potentially tens of thousands of dollars before interest. This is a fairly large gender gap in dollars and because housing is this huge investment usually the biggest investment people making their whole lives. It can affect how much wealth and savings women are able to accumulate versus men. And how much they're able to save for retirement. This is the indicator from planet money. I'm Stacey Smith and I'm Sally Herships on today's show. We look at how single women are basically screwed when it comes to making the largest investment many of them will ever make how negotiation plays into that as well as some other reasons. All Oh having to do with being a woman and finally a couple of tips on how women can try. Try To beat the system all single eighties support for this podcast. CAST and the following message come from salesforce. A customer relationship management solution committed to helping you deliver the personalized experiences that customers want want salesforce bringing companies and customers together visit salesforce dot com slash. Learn more support for NPR and the following following message come from the Financial Times with over six hundred correspondents in more than fifty countries. The Financial Times offers a unique independent and truly global. We'll guide to the world's new agenda visit the Financial Times at F.. T. Dot Com. There is a lot of research out there showing. The gender can have a substantial angel impact on the outcome of negotiation. Basically if you're a single woman buying or selling a house the odds are not in your favor. Kelly shoe says even if the buyer and seller have not met in person. They're usually aware of the basic characteristics of the other party like gender and just knowing the gender of the other party can affect the sale which which can be tricky. If you're a single lady and you start out you know you make a low offer which is of course what you're supposed to do in a negotiation so it seems like People are more offended by low ball offers from female buyers. Wait you said they're offended They are more likely to reject. Perhaps as that would be the better word. Why is that I am personally not sure it is It is an unfortunate consequence of perhaps Our culture and the fact that We may expect that women are more willing to share the pie and share the surplus from negotiation. This is called gender expectations. It's possible that women are expected to be nicer to be more generous to be more thoughtful. Sorry is that I'm sorry. Oh were you gonNa say you should go. No you go ahead no no. I'm good. I'm good if you're sure it's the idea that everyone should benefit from the sale of this. His House both buyer and seller but no matter what the reason is that is not exactly what happens when single women sell houses remember single angle women buyers. They are already spending more buying it higher prices and they also sell for less and guess who they give the biggest discounts to we find find that the largest discounts tend to occur when it's a female seller and mail buyer And this was surprising because female email sellers Ashley the already list for lower than male sellers but they still ended up giving large discounts off of that lower list price particularly securely when it's a male buyer WHOA WHOA and it is not just negotiation. Single women also do worse when it comes to what is called market market. Timing that is buying a housing prices are low and selling when the prices. Hi Kelly says that could be because single women tend to be more tied down like they have to take care of kids or other family family members like they might have to wait to move for their third grader to finish school or something like that or it can be so they can move relative into retirement home and in case. You're wondering Kelly enter. Your Co author accounted for all kinds of things education income age type of home listing agent ethnicity. They adjusted for all of these things and the results stuck. They even check to see if single men were making more money on houses buying riskier properties. Perhaps They earn higher returns to compensate them for that extra risk associated with the properties We find that that is generally not the case Further we also have data on the actual dollar amounts that men and women invest in home maintenance. We Find Ashley. Single Women Invest slightly more in terms of dollar amounts into home maintenance on my God. We're taking better care of our houses and we're still selling them for less It's possible we we we. We can't rule out that perhaps single men hours so not necessarily dollar amounts but personal skill uh-huh and Labor into their homes And that could contribute to the gap So this is kind of distressing but there was a silver lining. There was some good news. Depending on how you characterize e silver lining. was there any research about how women did when they were selling to other women. We we looked at that as well. women on average do better when they are transacting with other women. So there's a tip for single women if you are buying or selling a house like look at doing business with a woman you might get a better deal and Kelly had some other tips. She says if single women are able to they should try to think long term to become long-term investors because every time a single woman buys or sells a house she is likely to lose two percent compared to a single man and Kelly says there is another silver lining a scenario where the gender disparity almost entirely highly disappears and that is in a tight housing market when the economy is doing well and they're all these buyers bidding against each other for your house. The tip is if women can hold on and try to sell when the market is tight but the problem is they mean need the money from the seller. How sooner and it's extremely risky to wait? The market could get better but it might also get worse. I'm trying really hard not to be depressed We were title press. Two Man. This disparity is not just limited to the housing market. Kelly says when women try to buy cars. There's also the same kind of negotiation bias. Even one men and women are given scripts to read so they say the same exact thing. The price ends up coming in a little lower for men the seller will counter with a higher price to the woman. I need some good news for better. I mean I helped me out. Well you know this could be a business opportunity. There could be like an all lady home buying buying and selling business. Yes sign me up. They call it little pink houses or bake out. This episode of the indicator was produced by Lena. Sense Gerry are. Intern is not Louis. Our editor is Paddy Hirsch and the indicator is production of NPR.

Kelly shoe Financial Times Yale School of management Paul Goldsmith Pinkham NPR Ashley Kellyanne Stacey Smith Paddy Hirsch Gerry Intern editor Louis Sally Herships
Forever 21 Reveals The Flaws Of Fast Fashion

NPR's Business Story of the Day

03:41 min | 1 year ago

Forever 21 Reveals The Flaws Of Fast Fashion

"This message comes from NPR sponsor xfinity some things are slow like a snail races other things are fast like Xfinity X. by this week's retail sales numbers suggest that the American consumer spending less that's especially true in what's called the Fast Fashion Sector Stacey Direction they currently has more than eight hundred locations and it's looking to close almost half of them Stacey Smith Garcia NPR News

NPR Stacey Smith Garcia
When India's Cash Disappeared

Planet Money

04:28 min | 1 year ago

When India's Cash Disappeared

"This is planet money from NPR. Hey just a quick note today. Show is about India's massive experiment to get rid of cash. It originally aired in two thousand seventeen eighteen. we've got an update for you at the end so stay tuned on November eighth at ten PM. The Prime Minister Narendra Modi got on TV and out out of nowhere said all of the money in your wallet is totally worthless. Starting now be have decided that the prior one hundred Rupee and tower that booby currency norps presently in use bill no longer be the legal and pro midnight tonight five hundred and thousand rupee notes about eighty five percent of the cash in India the five hundred and thousand nodes hoarded by emptying this intitial eliminates will become just `less piece of paper worthless pieces of paper. Imagine that imagine in president trump gets on TV and says all of the ten twenty fifty one hundred dollar bills in your wallet do not worth anything anymore an India's not like the US where most people have credit cards and debit debit cards ninety percent of business transactions in India happen in cash and a lot of that cash is to use Modi's term black money like doc money's basically any money that is outside of the tax system. It's become kind of a catch all phrase for corruption in India. MODY said you have one month to take your cash to the bank and exchange it for these new bills that we have just minted and you can change at a maximum about sixty dollars a day sixty dollars as a lot of money for most Indians. Most Indians live on less than two dollars a day but it's not that much money for wealthy. Indians and this limit said mody meant that criminals and big time tax evaders would be stuck with these big stacks of cash country Bill Gates success. Thank you very much. Thanks a lot shot. After after Moody's speech India's entire economy ground to a halt people are still lining up for days to exchange old money buys provoked a frenzy as hundreds hundreds of millions of Indians. Don't have bank accounts died of shock. Others committed suicide. Million people waited for eight hours in the blazing being son to change their money at the banks. Small businesses went bankrupt because nobody had any money to buy anything. A baby died because his parents didn't have cash for taxi to the hospital. Ranjan Gupta travel to the central bank in New Delhi from his farm in Gujarat was an eighteen hour journey his wife had just died and he found three thousand rupees about forty five dollars worth of old bills that she had been saving in her sorry but the thirty period to change money was up. Suraj headed to the central bank in New Delhi because he heard that they could make exceptions so he came here with his money and his wife's death certificate but the people at the bank said Nope. You're too late. You've missed. It's the deadline. Your cash is worthless. He was standing on the sidewalk outside of the bank and he showed his cash to be fanned. The bills out and his hands were shaking. He told me this money. It represents a far more. I can't afford to lose it. Don't go out to you ever done this. What was he thinking and how wait he come up with this plan. I started looking into this and I kept seeing one name. My name is anita a Neil bocaccio Hello and welcome to planet money. I'm Stacey Smith today. On the show. We need the man who pitched this idea to move and this man this man who brought one the biggest economies in the world to its knees one point three billion people is not a famous academic policymaker or government minister. He didn't even and study economics. What did you study in school. That's thirty hardly because the light is such a varied. You beat so wait. What did you study. Are you going to tell me it turns out and kneels plan is not about economics or even politics and Neil Keel says he's on a spiritual quest to fix India's economy

India Prime Minister Narendra Modi New Delhi NPR Mody Bill Gates Suraj Stacey Smith Neil Keel Ranjan Gupta President Trump United States Moody Donald Trump Gujarat Sixty Dollars Ten Twenty Fifty One Hundred D
"stacey smith" Discussed on KPCC

KPCC

02:08 min | 1 year ago

"stacey smith" Discussed on KPCC

"No for the study model menu system that's the theme from Rome where clay is saying because that the more time I like playing dead that movie was a critical success was in a global box office hit but certainly did very well when you think about signs for optimism both of you what are you excited about and what makes you feel that there might be change coming from my perspective I I really would love to see that doc what alone being that intersectional a Latino right I being able to direct that from the U. S. space perspective I think the US base Latinos have been of really race I think that's also part of the study however there are several folks coming up in the pipeline that are getting green lit you have someone like listed on that angle who secure funding through mock role and now he's going to make his film called blast beat and it's about to Columbia brother suggesting to the US those are the type of things that we want to see I think even before the end of the year we can actually have some wins on the table what I'm heartened about is there so much organizing that's taking place around the study in one particular initiative that is really trying to bring the filmmakers together from the Latino community is this new effort a call the Latin next house to really be a place to congregate ominous driven by Latinas and it's really a community of filmmakers and creatives working together it will inevitably birth projects funders and to help quick and and change these numbers almost overnight Benjamin Lopez is the executive director of the national association of Latino independent producers Stacey Smith is the founder of the USC Annenberg inclusion initiative which has just published a report Latinos in film a racer on screen and behind the camera across twelve hundred popular movies Benjamin and Stacy thanks.

clay US Benjamin Lopez executive director Stacey Smith founder Columbia national association of Latino USC Annenberg Stacy
"stacey smith" Discussed on KCRW

KCRW

02:57 min | 2 years ago

"stacey smith" Discussed on KCRW

"The indicator from NPR's planet money to explain your newsletter. It was like a love letter to the plastic bag. Love letter might be a little much. I do love plastic bag. So I do. So tell us what you found. So I talked to the economists her name's Rebecca Taylor Taylor recently published the super interesting study about bag bands in California. What I found was that sales of garbage bags actually skyrocketed after plastic carryout bags were banned. So people would. Reuse their bags like line trash bin that you use them to pick up dog poop, because that's another comedy. I don't know. But all these people who reused their plastic bags, they still needed bags small garbage banks. They went up by one hundred twenty percents, their sales did medium bags up by sixty percents. So here's the crucial thing that she told me garbage bags are actually thicker than shopping bags. So the use more plastic. I find that about thirty percents of the plastic that was eliminated by banning carryout bags comes back in the form of thicker, garbage bags. So here's the thing, these bans didn't apply to paper bags. Okay. And that led to a huge increase of paper use. I always get paper grocery bags. Okay. Please do not hate me, for pointing this out, okay. Actually, there are multiple studies. They all show that actually paper bags are worse for the environment then plastic. Yeah. So paper bags have this, one really great thing for them, which they are biodegradable. They will eventually break down. But you have to use way more energy to create them. So. We have a major uptick of trash bag sales, and then we have a major uptick of paper bag use. That's why Taylor says banning plastic shopping bags ends up increasing greenhouse gas emissions. So I would say this leaves us with nothing but there's a kind of bag that I use all the time and this is public radio. So we cannot have this conversation without bringing up the noble tote bag Stacey. No. I don't want to have to say this, but I have to study from the UK government, and they found a person would have to use cotton, tote bag a hundred and thirty one times before it was better for climate change. Then using a plastic grocery bag ones. Okay. Greg. But, like we can't just carry things around in our arms. Like, what, what are we supposed to do? You should use the same bag over and over again. Now that bags should probably not be organic cotton. Us one that's like polyester or somewhat durable plastic. But then there's kind of the broader policy question, tell her thinks a fee is smarter than. A band, that's because they're both equally effective when it comes to the goal of encouraging re-use. So about fifty percents of customers begin using reusable bags under both Aban and under a feet. So impose a fee and encourage re-use Stacey Smith. Greg results. Keep NPR news..

Rebecca Taylor Taylor Stacey Smith NPR Greg California UK
What Surfing Can Teach Us About Risk

The Indicator from Planet Money

09:34 min | 2 years ago

What Surfing Can Teach Us About Risk

"Big wave. Surfer. Big wave surfing, usually means riding waves bigger than about twenty feet high in Bryan has been surfing for a really long time right now. I am fifty eight years old, and I've been surfing fifty eight years. So my dad took me out when I was three months old, the summer after Brian finished high school. He was a lifeguard at a beach, when he saw a surfer wipe out on a massive wave. The surfer was struggling to stay afloat and Bryant tried to swim out towards the surfer to save him. But he just couldn't get close enough each wave get hitting them in hell holding on the water, and he kept popping up and screaming for help, and he survived full waves. And we kept screaming back and forth when the fifth wave came hit him. He's gone never found his body, but till is there, I still hear his voice, I sees face. I sees is, you know, so I it's kind of lost that you wish you coulda done something. But you couldn't you know at that time Brian never forgot that. And they never stopped thinking about ways to make surfing safer in years later, it was Brian himself who I take out on a massive sixty foot wave. He's arrived. He was fine. But he had a realization that day one that chair. Changed the sport of surfing forever. This is the indicator from planet money. I'm Carcione and I'm Stacey Smith the way that Brian changed. Surfing offers a surprising lesson for how all of us non surfers deal with risk. Support for this podcast and the following message come from Charles Schwab, when it comes to your money, Schwab believes asking questions can lead to better outcomes. Do you know how much you're paying and do you get your fees back if you're not happy, ask your broker, then visit Schwab dot com slash comparis-. Support also comes from Jimmy, the regulated exchange making it easy to add bitcoin, and other crypto currencies to your portfolio. Protecting your investments with oversight and state of the art cybersecurity open a free account at Jim ni- dot com slash indicator. Alison Schrager, is an unexpected guide to the history of surfing. She isn't economists to studies risk view ever surfed. No. Allison writes about the history of big wave surfing in her new book and economists walks into a brothel and other unexpected places to understand risk to Allison, the history of surfing is about how technologies that are designed to make the world safer in less. Risky can have the unexpected result of sometimes making it more dangerous more risky in the early days of big wave surfing around the nineteen forties, and nineteen fifties surfers had to be really fantastic swimmers and Allison says that was because back, then if you lost your surfboard in wipeout, you had to keep yourself above water without it. And if they wiped out they might have to swim three or four miles in really rough surf to get back to shore. So back then it was very small very elite group of people at the superhuman swimming skills. But then surfers started using a leash which attach is their leg to the surfboard allowing them to keep that board even after a wipeout. Allison says the leash did make surfing safer, but it also made it more likely that weaker swimmers would take up surfing in the first. Place and those weaker swimmers might take risks. They didn't understand because they thought the leash made them safe. Brian k Lana says he sees this every time a new technology makes surfing, a little bit safer when people think they can try to serve without a lot of training to fulfill fantasy, but they get wacked reality. You know, the their fantasies all den and you know, just reached the stars. But, you know, all of a sudden, they're eating the reefs and the bottom of the ocean. But the really big innovation in big wave surfing came later. And it came from Brian himself in the late nineteen eighties and early nineteen ninety s Brian was surfing at a tournament called the Eddy prestigious event. We're only a couple dozen of the world's best surfers were competing. And that is when Brian wiped out on that huge sixty foot wave. And while he was in the water wave after wave kept crashing down on him and he was in what surfers called the impact zone. That is the area where the waves are breaking the waves the strongest and where it is the hardest to swim out, Bryant was starting to get nervous. But then he saw something that he didn't expect. So, you know, I looked up and one of my friends came up with a standup jetski cinnamon, and he zoomed right in and looked at me and asked me all right. And I was just amazed that someone came into the impact zone. His friend couldn't grab because jetski was too small. But Brian says that seeing his friend completely calmed him and he had an epiphany if the technology now existed to get someone into the impact zone then that same technology could be used to rescue someone and get them out. So Brian learned everything he could about the new models of wave runners, and jet skis, and he started buying them and trying to attach sleds to the back of them, turn them into rescue vehicles to pull drowning surfers out of the waves after enough trial and error it worked, the jetski changed the sport of big wave surfing. Eventually, it was just understood that rescue teams using jetskis would be nearby. Anytime surfers were riding big waves, and one day, Brian, and another lifeguard. Even. Used jetskis to rescue seven servers, who could not get back to shore. But technology for me is double edged sword because with all proper training or problem, mental attitudes. It also sends a false sense of safety. Also out in lineup also, too. So I also see people taking more of a risk because they see the use of the jet skis there as well as petition devices not only were weaker surfers now getting into big wave surfing, because of the jet ski but strong surfers raising jetskis to get to bigger and bigger waves like eighty foot tall waves, this is called Toan surfing or the surface actually pulled behind jetski to these humongous waves. In other words, these strong surfers were using the jet ski which was supposed to make surfing safer to take bigger and bigger risks. And in fact, this is what reminded communist Alison, Schrager of financial markets. Just like a jet ski can make it safer to ride a big wave their financial products that can make it safer to invest your money because they limit how much money you can lose. And just the same way jetski can be used to take on bigger and bigger waves. Those same financial products can also make it easier to take a bigger risk with your investments, so you can make a lot more money if the investment goes up, but that also means that you can lose a lot more money. If your investments go down fact, this is kind of what happened during the financial crisis. That's right. And so the question is, what can be done to make sure that people are taking the right amount of risk either surfing or in finance. Well, if you're a surfer, you educate other surfers, and you participate in something called the big wave risk-assessment group safety summit on the north shore of wa who that's right. Surfers have their own risk. Some ad is amazing and wonderful. I want to the big waves for risk summit. I mean normally idea risks. Summit is not appealing, but through surfing in there, just sounds interesting Alison had the same thought she actually attended recent summit, one of the founders was Brian kill Ana. An says she was like kind of the personnel there, there were three women there. Probably like maybe fifty people. Okay. So again, like a pension risk conference. No light slide with a lot of math on it. Mostly men. But they were way better looking in a much better shape than it a pension risk conference. Probably a better tans super tan. Not a closed. Toed shoe in the room at the summit, surfers, go basic safety and rescue techniques, things like CPR, and they also learn about how waves break and then color code different surfing zones. Based on safety and even discuss how to use drones to signal wear a fallen surfer is drowning to alert rescue team all kinds of things. Yeah. So education is one way to help people manage risks. Another way is government regulation, which is what's used in finance. For example, sometimes there are restrictions imposed by the government on what kinds of financial products you can invest in. Those restrictions are based on how much money you have or whether you understand the risks that you're taking or other variables nine surfing. There are some regulations about using jetskis to ride big waves in Hawaii, but also says that generally speaking surfers are opposed to regulation. Also, the whole idea of like tons of surfing regular. Just seems counter tips or the whole ethos. Yeah. Supposed to be like laid back and relaxed not filling out things in triplicate true, though, surfers do still have debates for example about whether surfing should require training certification like scuba diving does or more recently about who should be allowed to wear new, inflatable, vests to ride big waves. And Allison's main point, is that whether it is surfing or financial products. These debates are definitely getting continue because even when people learn how to manage the risk that comes with a new technology, either through education or regulation or just from getting used to risk. Another technology can come along that introduces new risks that is surfing. It's also, by the way, the whole history of finance, a new financial product is introduced people take more risks. Sometimes there's even a crash or a wipeout. Yeah. And then new regulations are imposed until the next new financial product and the cycle starts over. This podcast was produced by Dr Rath Jaen edited by

Brian K Lana Allison Alison Schrager Bryant Bryan Schwab Dot Schwab Charles Schwab Stacey Smith Jim Ni Dr Rath Jaen Jimmy Toan Hawaii WA Fifty Eight Years Sixty Foot Three Months
Why is the U.S. tax system so complex?

Planet Money

02:19 min | 2 years ago

Why is the U.S. tax system so complex?

"Here planet money, Elizabeth cool ass had recently, moved to the US from Australia, and she got this kind of interesting initiation into American life. She did her taxes at first she and her husband. Matthew Harding, tried to do it on their own? But then the taxes kind of took over their apartment on L, dining room table. We have a pile of twos. Five ten ninety nine. And then there's some other forms like a ten ninety five see Elizabeth and Matthew realized they were going to need some help. So they hired in accountant, it could easily be five hundred dollars that we're going to spend it the accountant, what did you wait? What have you say? To me the other day, you would be happy. If it was less than a thousand dollars that she. And this is all kind of blowing their minds because there is nothing like this in Australia in Australia. Paying taxes is really fast and easy. In fact, Elizabeth math. You couldn't even tell me when Australian tax day was so is there an equivalent of April fifteenth in Australia. Not really there is. Yeah. I don't remember being such thing. I think it's like February March at suck Tober thirty. I actually, but in most of the rest of the world, they don't know win tax date is either all of the crazy stress around taxes, the twenty four hour hotlines software, the accordion folder full of receipts. The lines down the street at h R Block that is pretty much just a US thing. So we have it. The worst our taxes are the worst taxes are filing system is the worst like objectively. Yeah. Objectively just a fake -ment is a professor of tax law at. Stanford. And he says collectively we spend billions of dollars and billions of hours every year filing our taxes not to mention the emotional angst. And Joe says it does not have to be this way in most of the world. It's not and Joe knows exactly how to fix this. Hello and welcome to planet money. I'm Stacey Smith. And with me today is Alex masi Stacey. And alex. You brought us this great story of Joe versus the tax system. That's right. It's a story of this lovable. Professor who believes the paint axes does not need to be so difficult because

Elizabeth Math Australia Matthew Harding Professor Alex Masi Stacey United States JOE Stacey Smith Accountant Stanford Five Hundred Dollars Thousand Dollars Twenty Four Hour
"stacey smith" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:09 min | 2 years ago

"stacey smith" Discussed on WNYC 93.9 FM

"Showers and thunderstorms are expected for this morning with a high today near sixty five degrees. Fifty two degrees. Some light rain falling in New York City. It's morning edition from NPR news, David green. And I'm Rachel Martin. Those of you who don't have to buy tampons may not know that in many states, you pay a sales tax on menstrual products. Several states though, have either eliminated that tax or are considering doing so Stacey Vanik Smith and Constanza Hyodo from planet. Money's the indicator have been adding up the cost of the so-called tampon tax sales tax most people in this country, pay sales tax on most of the things they buy it's a big source of state revenue some items like food or water that are seen as necessary to survival are not subject to this tax prescription and nonprescription drugs are also accept medicines. Like, aspirin dayquil or biogra- also medical equipment and supplies which can be things like chapstick or goes, but tampons pads cups and all of the menstrual hygiene products, do not fall into the medical supply category in many states and a lot of people argue that's not fair. So he's salesman is one of the lawyers that filed a lawsuit in New York. To eliminate the sales tax on Mensur products back in two thousand sixteen salesman. And her team argued these products are a medical supply, and they should be tax exempt, and one example, the department of tax gave was things like bandages, gauze and dressings. And so those are items that are used to staunch the flow of blood from the human body and tampons and pads as well as cops and panty liners. Those are used to staunch the flow of blood from the uterus. So again, clearly these items have to fit within that definition Zoe made her case and the New York legislature took notice and in fact, passed a Bill back in two thousand sixteen to exempt feminine products in New York from sales tax. So that extra cost here in New York. We do not pay it anymore. Yeah. But many other women in other states do pay and overtime that it cost adds up. And a study published this year by the American college of obstetricians and gynecologists found that two out of three low income women. In in the US couldn't afford metro products at least once a year and nearly half of them struggle to buy both food and mental hygiene products over the last year. In fact, there's economic research that the tax break on tampons really benefits low income people that's based on consumer data after New Jersey's tampon tax was repealed back in two thousand and five research showed that by eliminating the tax in meat products cheaper and more accessible to lower income women. But some people say the tampon tax needs to stay when you start moving into this world of exemptions start adding complexity because you have to define what is and is not a qualified good under the exemption. Nicole kaeding with the tax foundation, a think tank that studies tax policy she says sales tax exemptions can be problematic because they can mean that states don't have enough money to fund public policies or programs. And as a result states may have to increase other types of taxes to get that funding back back into sixteen. Teen, California governor Jerry Brown. Vetoed. A Bill that plan to eliminate the state's tampon tax. He argued that by not taxing measure products, California could lose up to twenty million dollars in annual taxes. And the governor has a point here in New York where we eliminated the tax on minstrel products. We're losing about fourteen million dollars a year in Las tax revenue. Of course, this isn't just an economic issue. It's a political issue to last year, for example, Nevada voted to make menstrual products tax exempt and this year, Michigan, Georgia, Ohio and California are pushing for legislation to repeal the tampon tax Stacey Smith Constanza shadow NPR news..

New York City NPR Jerry Brown California New York legislature Rachel Martin Stacey Vanik Smith salesman Zoe Stacey Smith New Jersey aspirin David green US Las Money
"stacey smith" Discussed on KQED Radio

KQED Radio

03:31 min | 2 years ago

"stacey smith" Discussed on KQED Radio

"I'm David green. And I'm Steve Inskeep. The end of two thousand eighteen was time for anxiety. If you own stocks, the market plunged only to soar days later, and then slip again. But there might be less cause for concern that it seems here's Stacey Smith and paddy Hirsch from NPR's planet money indicator podcast market volatility is measured with something called the Chicago Board of options exchange volatility index or the vix the vix also known as the fear index. It's much better name, but a little terrifying. The reason it's called the fear index is because when investors are afraid they contend to start acting erratically like buy-sell, wait, no by volatility. Like we've been seeing recently can be really stressful unless you're Georgetown economist Jim angel. I kind of enjoy the volatility. Really? Yeah. I mean because this is the stuff I study, right? I'm a nerd Jim says. Has this volatility is happening because there's just a lot of uncertainty right now. There's a lot of big important stuff. Feels like it's up in the air, both politically and economically. What's going to happen with the government shutdown? What's going to happen with trae foreigners? And many people think that a recession is coming just housing. No healthy. So says Jim there are reasons to be super worried, but one of the things that he told me is that volatility is actually normal and healthy in the stock market. Jim says the extra volatility that we're seeing right now worries him a lot less than what happened to the fear index in twenty seventeen twenty seventeen was actually one of the least volatile years for the stock market ever stocks listed this slow steady March up and up and up and up when the markets are too complacent and everything looks really good. That's when you should be worried so Patty to sum up the first reason to be optimistic. According to Jim angel in spite of all this volatility is it a certain amount of volatility is healthy. The second reason to be optimistic. According to Jim is that when people are scared and stock prices fall, those stocks get cheaper. It means I'm going to get better prices when I buy stocks at the end of the month is part of my normal retirement plan. So if you. You are saving money for retirement through work in a 4._0._1._K plan over four three b Jim says, a volatile market can be good news. Depending on who you are a fall in the stock market is great news for young people. The fact that stock prices have come down means that when they take this month's paycheck and buy some stocks with it. I get more shares than I got last month. But this brings us to the bad news. If you're close to retirement a falling stock market or a really volatile stock market is really hard to deal with because you don't know if you should pull your money or keep it in or move it into safer territory, we call that period when people in their fifties and sixties the retirement red zone the red zone. Yes, Jim says if you're in the red zone. What you have to try to figure out right now when the markets are really volatile is this is temporary blip. Or if this is signaling a-coming drop in the stock market. Of course, knowing that is not possible. So you just have to guess, I'm not a very good soothsayer or astrologer. So I would say consulting people who swatter the pigeons and look at the entrails for a better forecast and don't buy stocks during mercury retrograde. And that is the point right? When people don't know they get scared, and then the stock market kind of wigs out and jumps around. Just like it's doing.

Jim angel Steve Inskeep David green Stacey Smith NPR paddy Hirsch Chicago trae Georgetown Patty
How Market Volatility Plays Into The Fear Index

NPR's Business Story of the Day

03:53 min | 2 years ago

How Market Volatility Plays Into The Fear Index

"Support for this podcast and the following message. Come from Comcast business having the nation's largest gig speed network was just the start. Now, they're providing gig fueled apps and solutions that exceed expectations and help businesses perform Comcast business beyond fast. The end of two thousand eighteen was a time for anxiety. If you own stocks, the market plunged only to soar days later, and then slip again. But there might be less cause for concern that it seems here's Stacey Vanik Smith and Patty Hirsch from NPR's planet money indicator podcast market volatility is measured with something called the Chicago Board of options exchange volatility index or the vix the vix also known as the fear index. It's much better name, but a little terrifying. The reason it's called the fear index is because when investors are afraid they contend to start acting radically like buy-sell, wait. No by and volatility light. We've been seeing recently. Can be really stressful unless you're Georgetown, economists Jim angel. I kind of enjoy the volatility. Really? Yeah. I mean because this is the stuff I study, right? I'm a nerd Jim says this full Attila the is happening because there's just a lot of uncertainty right now. Like this a lot of big important stuff. Feels like it's up in the air, both politically and economically. What's going to happen with the government shutdown? What's going to happen with trade Warners and terrorists, and many people think that a recession is coming just know how land or how deep so says, Jim there are reasons to be super worried, but one of the things that he told me is that volatility is actually normal and healthy in the stock market. Jim says the extra volatility that we're seeing right now worries him a lot less than what happened to the fear index in twenty seventeen twenty seventeen was actually one of the least volatile years for the stock market ever Stokes, assisted the slow steady March up and up and up and up when the markets are. Q complacent and everything looks really good. That's when you should be worried so Patty to sum up, the first reason to be optimistic, according to Jim angel in spite of all this volatility is that a certain amount of volatility is healthy. The second reason to be optimistic Cording to Jim is that when people are scared and stock prices full, those Stokes get cheaper. It mean, I'm going to get better prices when I buy stocks at the end of the month is part of my normal retirement plan. So if you are saving money for retirement through work in a four one K plan or a four three b Jim says, a volatile market can be good news, depending on who you are a fall in the stock market is great news for young people. The fact that stock prices have come down means that when they take this month's paycheck and buy some stocks with it. I get more shares than I got last month. But this brings us to the bad news. If you're close to retirement a falling stock market or a really volatile stock market is really hard to deal with because you don't know if you should pull your money out or keep it in or move it into safe. Territory we call that period when people are in their fifties and sixties the retirement red zone the red zone. Yes. And Jim says, you know, if you're in the red zone what you have to try to figure out right now when the markets are really volatile is this is a temporary blip. Or if this is signaling a coming drop in the stock market. Of course, knowing that is not possible. So you just have to guess, I'm not a very good soup Sayer or astrologer. So I would say consulting people who swatter the pigeons and look at the entrails for a better forecast and don't buy stocks during mercury retrograde. And that is the point right? When people don't know they get scared, and then a stock market kind of wigs out and jumps around. Just like it's doing right now. Could be a long year. Stacey smith. Probably Hirsch NPR news.

Jim Angel Stacey Vanik Smith Comcast Patty Hirsch Hirsch Npr NPR Stokes Chicago Georgetown Warners Attila Four One K
"stacey smith" Discussed on KQED Radio

KQED Radio

03:34 min | 2 years ago

"stacey smith" Discussed on KQED Radio

"I'm Rachel Martin. And I'm David Greene. Three of the most important economists in this country, set down for a panel at an economic conference in Atlanta last week, former fed chair, Ben Bernanke, he and Janet Yellen along with the current pitcher Jay Powell were talking shop and also talking about the latest jobs report, but as Cardiff Garcia and Stacey Smith from our planet money podcast, the indicator. Tell us a stellar jobs report is not always a good thing. It was a pretty stellar report. Three hundred twelve thousand jobs added in December strong wage growth and. Of course, unemployment is still below four percent. And then here's Jay Powell's response. That's quite welcome. And also for me at this time does not raise concerns about to high inflation does not raise concerns about to high inflation that seems like a weird comment to make right? We add it all these jobs. But that doesn't mean I'm worried about inflation, but it communists, discussed a relationship between unemployment and inflation all the time that relationship is sometimes referred to as the Phillips curve. And that's this idea that if enough people are working, it will cause inflation the prices of the things that we buy will start going up, and according to the Phillips curve, the reverse is also true. So if unemployment goes up then inflation should come down because then companies don't have to raise wages to compete for workers. There's more workers out there who needed job, and we got kind of test of this back in the late seventies and early eighties. Inflation seemed to be getting out of control prices were rising up and up and up and get inflate. Under control, Paul car. He was the head of the Federal Reserve at the time raised interest rates all the way to twenty percent by comparison, by the way, short-term interest rates right now are two percent. But will Volker did lead to a week or economy and unemployment went up all the way up to ten percent inflation. No did come down. And so everybody's wondering is chair pal to worry about inflation and easy then gonna keep raising interest rates to prevent inflation from spiking higher for me. At this time does not raise concerns about to high inflation. Powell saying the even though unemployment is low and wage growth is rising. It doesn't necessarily mean that higher inflation will follow. So this relationship between inflation in jobs, even though the Phillips curve predicts it Powell's not really seen it. Let's curvy so NICKY Phillips curve dead to use a slaying, economic jargon. This is an indulgence phenomenon. Dodges phenomenon. Exactly, I was just thinking that basically what banenky saying is that the relationship between unemployment and inflation has changed people saw that the Federal Reserve would raise interest rates really high. If it needed to to bring inflation back down and ever since then inflation has stayed low. And here's the key people and companies act accordingly because if they worry that inflation was going to be much higher in the future. They would spend more money now and companies would raise prices to try to get ahead of the trend and that would contribute to inflation going higher right now. But that's not happening. What Ben Bernanke you saying is it precisely because of what the fed did in the past that the link between low unemployment and high inflation is weaker than it used to be. And that's the quote endogenous reason why the Phillips curve is so flat. So economists still strongly debate whether the Phillips curve is really dead or just resting. But if it is then it was possibly killed by the people in this room people with this job. Fed chair. Other words, it's indigenous. Stacey Vanek Smith Cardiff Garcia NPR news..

NICKY Phillips Jay Powell Ben Bernanke Federal Reserve Rachel Martin David Greene Stacey Vanek Smith Stacey Smith Cardiff Garcia Paul car Atlanta Janet Yellen NPR Volker Dodges twenty percent four percent ten percent two percent
"stacey smith" Discussed on KQED Radio

KQED Radio

03:49 min | 2 years ago

"stacey smith" Discussed on KQED Radio

"It'll be partly sunny later today, patchy drizzle and fog through eleven o'clock in many areas. Today's highs down a bit from yesterday lows excuse me, highs from the low sixties to the high seventies. You're listening to K QE DFM. Good morning. It's eight forty six. This is morning edition from NPR news. I'm Rachel Martin. And I'm Steve Inskeep. One of the toughest parts of living. In a big city is finding an affordable place to live that might be getting a bit easier here. Stacey Smith and Cardiff Garcia FM. NPR's economics podcast, the indicator rents in the US have been on the rise for years until now according to the real estate database, Zillow the median rent in the US is one thousand four hundred and forty dollars and that is unchanged from a year ago. This is a big deal. This is Susan Wachter. She's a professor of real estate and finance at Wharton. She says, yes, New York is extreme. But this story has been playing out all across the country. This is a big deal because it signals a turning point. Pastoring recovery has been story of supply chasing demand and supply was chasing demand in large part because of the housing crisis ten years ago for longtime after the crisis construction was just dead. Other parts of the economy, though, started gradually recovering the tech sector and retail industry and people started wanting to move again and get nicer places, but building and construction just lagged behind as a result. There weren't enough apartments to meet demand and the prices of the rentals that were available just kept going up. The construction industry did eventually kick into gear and building has been happening like crazy in many parts of the country. Still. There was such a backlog of people wanna apartments, even though new places. We're being built there still weren't enough places to meet all of the demand so rinse just kept climbing and climbing until now the supply of housing seems to finally be catching up with demand or right now if you need to rent you're going to be renting for less than less. That year. So that's a good thing. And if you wait a bit probably gonna fall even farther, this seems to be a window for the little guy. What about everybody else for the economy as a whole good or bad? I think this is actually good for the economy because we've had a real hit on mobility. Susan says a lot of people were dealing with unaffordable rents in a few different ways. You know, like they'd split a place with a bunch of people starting life. Yeah. They'd stay with family or with their parents longer or just not taking a job in the places where the jobs were because the apartment rents were. So high now rental prices are flattening says Susan, it means people will have more options that can be more mobile ability to wear the new jobs are is what drives the economy the market is doing, but it's it's been difficult to find places in the hot markets, potentially Susan's is a lot of companies have been struggling to find workers to fill all their jobs, which meant that those companies could not. Grow as fast as they wanted to lower rent. She says will help companies and cities and small businesses. Also, if people are spending less on rent, it means they have more money to spend on other things like eating out or going to the movies or buying clothes. And that's obviously good for those parts of the economy, unless you are a landlord, then you are not so excited about this. Suddenly it's taking longer to rent a place. People are pickier. You can't raise the prints every year, maybe even have to lower the rent. Susan says vacancy rates have been around four percent across the country, and that is really really low. But now they're starting to rise. That's still totally fine for landlords and for the rest of us at last a little breathing room. And maybe a.

Susan Wachter NPR Steve Inskeep Stacey Smith Rachel Martin US Wharton Zillow New York Susan forty dollars four percent ten years
"stacey smith" Discussed on KQED Radio

KQED Radio

03:24 min | 3 years ago

"stacey smith" Discussed on KQED Radio

"This is morning edition from NPR. News I'm Rachel Martin and I'm no king, the US economy. Seems to be, doing well unemployment is low we're adding jobs but there are other key indicators that might better tell us how the economy is doing NPR's planet money. Has a daily economics podcast called the indicator it digs. Into numbers in the news and the host Stacey Vanek Smith in Cardiff, Garcia have to indicators that might, make, economists nervous indicator number one, that does yes show a slightly worrying trend. And, that is very understandable by normal. Humans now this, is the personal savings rate so right, now Americans are only saving about three point two percent. Of their incomes after taxes are taken out and that is only about half as much as Americans were saving just three. Years ago before the saving rate fell sharply, and then for the last couple of, years it's, averaged about. Where it is now three point two percent so low savings rate, in. Some ways, makes a lot of sense right? I mean unemployment is Low and. People do, tend to save less money when they're feeling good when they're confident about where the economy is going when they are confident they're going. To be able to keep their job. Or maybe even get a better job. Really soon with a higher salary at plus, the population is. Aging and a, lot more people are retiring now and some of the money that retirees are spending comes from their earlier savings things like pensions and 401K's rather than. From new income so that might be skewing the personal. Saving rate a bit lower but for a totally normal and not actually, that worrying reason but still we, are, keeping our eye on the, savings rate because in historical terms a personal. Savings, rate of three point two percent. Is pretty low, and in the past the savings rate, has tended to be low right before the economy starts. To slow down now there's no particular reason why this should be the case we're not exactly sure why this happens but. That is how it has happened that's how, it's been for example the savings rate, now is, just about. Where it was back in two thousand five and two thousand six. Right. Before the, last recession The second indicator is negative zero point two percent real wages have fallen by, point two percent in the past year and when we say real wages what we mean is wages adjusted for inflation so wages have gone up people's paychecks have gotten bigger but at the same time the prices of the things, people by have gone up even more a big part. Of the reason that inflation climbed as much as it did in. The past year is it all and gas prices really shot. Up so Americans were paying a lot more to fill up their cars and trucks, with gas and oil prices are notoriously, volatile so there's a good. Chance that spike was, just temporary and that inflation may not be as bad going forward and also this is. Just one measure of real wage growth specifically it's the one. That comes from the bureau of labor, statistics and it covers people who are. Not executives or managers. Most people, real people but other measures might be slightly better still what's clear from the past year is that a lot of Americans got higher Wages but didn't really get to. Enjoy them because the. Amount of stuff they could buy with those wages stayed roughly the same in fact it was slightly less than. What they could buy with those wages the year before just. To. Be clear these indicators do not guarantee or even suggest that, we're headed for catastrophe don't pay a recession or even a slowdown we just, wish that they were a little bit. Better and we wanted to share them with you Cardiff Garcia Stacey Smith.

Garcia Stacey Smith NPR Stacey Vanek Smith Rachel Martin bureau of labor US Cardiff two percent 401K
"stacey smith" Discussed on KQED Radio

KQED Radio

03:26 min | 3 years ago

"stacey smith" Discussed on KQED Radio

"Dot com This is, morning edition from NPR news I'm, Rachel, Martin and I'm Noel king, the US economy seems to be doing well. Unemployment, is low we're adding jobs but. There are other, key indicators that might better tell us, how the economy is doing NPR's planet money has a. Daily economics podcast called the indicator it digs into numbers in the news and the host Stacey Smith and Cardiff Garcia have. To indicators that might make economists nervous indicator, number one that does yes show a, slightly worrying, trend and. That is very understandable by normal humans now this is the personal, savings. Rate so, right now Americans are only saving about three point two percent of their incomes after taxes are taken out and that is only about half as much as Americans were saving, just three years ago before the saving rate, fell sharply and then for the last. Couple of years it's averaged about where it is now three point two percent so those savings rate in, some ways, makes, a lot, of sense, right I mean unemployment is slow and people Do tend to save less money when they're feeling good when they're confident about where the economy is. Going when they. Are confident they're going to be able. To keep their job or maybe even. Get a better job really soon with a, higher salary at. Plus the population, is aging and a lot more people are retiring now and some of the money that retirees are spending comes from their earlier savings things like pensions. And 401K's rather than from new income so that might. Be skewing the personal saving rate a bit lower but for totally, normal and not actually that worrying, reason, but still we are keeping, our eye on the savings rate because historical. Terms, a personal savings rate three point. Two percent is, pretty low and in the past the, savings rate has tended to be low right before the. Economy starts to slow down now there's no particular reason why should be the case we're not exactly sure why this happens. But that is how it has happened that's, how it's been for example the savings, rate now, is just. About where it was back in two thousand five and two thousand. Six. For the, last recession the second indicator is negative zero point two percent real wages have fallen by point two percent in the past year and when we say real wages what we mean is wages adjusted for inflation so wages have gone up people's paychecks have gotten bigger but at the same time the prices of the things people by have gone up even more a big part of the reason that inflation climbed as much as it did in the past year is it oil and gas prices really shot up so americans were paying a lot more to fill up their cars and trucks with gas and oil prices are notoriously volatile so there's a good chance that that spike was just temporary and that inflation may not be as bad going forward and also this is just one measure of real wage growth specifically it's the one that comes from the bureau of labor statistics and it covers people who are not executive managers most people real people but other measures might be slightly better still what's clear from the past year is that a lot of americans got higher wages but Didn't really. Get to enjoy them. Because the amount of stuff they could buy with those wages stayed roughly the same in fact it was slightly less. Than what they could buy with those wages there before just. To. Be clear these indicators do not guarantee or even suggest that, we're headed for catastrophe don't pay a recession or, even a slowdown we, just wish that they were a little. Bit better and we wanted to share them with you Cardiff Garcia Stacey.

NPR Stacey Smith Garcia Stacey US Noel king Cardiff Garcia Rachel Martin bureau of labor executive two percent Two percent three years 401K
"stacey smith" Discussed on KOMO

KOMO

01:46 min | 3 years ago

"stacey smith" Discussed on KOMO

"That in just seven years its fleet of electric cars will outsell tesla wants to come out with thirty new models with tiger woods stepping up his game this past weekend at the val spar open golf tournament ratings for the final round up one hundred ninety percent from one year ago meantime the cashstrapped city of detroit will shut down all three of its municipal golf courses this month and amazon topping the latest harris poll for most popular us brands apple and google fell because they didn't put out any must have new product all right thank you tom twenty five past and entertainment editor kevin car during this year's oscars i learned a new word inclusion writer i guess it's not exactly new what is it well this is actually a concept it's been around for a while in many different businesses but specifically put together by a woman named stacey smith from usc and it's an idea that eight an actor or a star can i can demand in their contract that the cast and crew of the non main roles and then the crew itself be diverse and have a correct representation of women and people of color and minorities and people disabilities which is which is to make the movies more like a representation of society while is anybody doing this i mean is this seem to be news to a lot of people in hollywood it's starting to actually take hold michael b jordan who's in black panther has said anything that he works on with his production company is going to start using inclusion writers and just this week matt damon and ben affleck said that their production company is also going to be supporting those and and that's interesting not just for the actors and that's why.

ben affleck matt damon editor tom google apple harris val spar tesla hollywood usc stacey smith writer kevin car amazon detroit one hundred ninety percent seven years one year