25 Burst results for "Stacy Vanik Smith"

"stacey vanek smith" Discussed on Wisdom From The Top

Wisdom From The Top

16:53 min | 6 months ago

"stacey vanek smith" Discussed on Wisdom From The Top

"Com. Hey, welcome back to wisdom from the top. I'm guy raz. So here's more of my conversation with Stacy van Smith, host of NPR's the indicator podcast and author of the new book, Machiavelli for women, a playbook for getting ahead. One of the things that really stood out to me is this idea that women tend to be at their best as negotiators when they're advocating on behalf of others. And it reminds me of something Simon sinek talks about and has talked about with us on the show about mission when the mission isn't about you, you tend to perform better. How can you apply this idea of advocating for yourself, but using the principles of advocating for others? Because clearly you discovered that women are more effective when they advocate on behalf of others. Oh yes, this was one of my favorite discoveries when I was writing the book. I called it the Erin Brockovich exception because although we do tend to look at women quite negatively if they're pushy and assertive and aggressive, we don't do that if women are being pushed assert and aggressive on behalf of someone else. That is very much in line with what we think an ideal woman is. She's selfless. So as a woman, you can kind of leverage it. For instance, if you want to ask for a raise, one thing you can do is think like, well, what should share in my colleague be getting paid? And it's like, you know, she's totally underpaid. She should be making at least $80,000, that's what you should ask for. And you're negotiation is likely to go better and be more successful if you do that. Also, when women get into leadership roles, I think this can be very, very powerful. It's something that's often called transformational leadership. So instead of asking people to do something, if you say we need to do things on behalf of the team, you know, the team basically becomes the other person that you are fighting for. So it's, you know, we really need to stay late so that the work that this team does is well represented. Like I really believe in this team, but the work that we've been producing is not up to the standards that I really know this team can meet. That sounds much different to people's ears than you guys are not working hard enough. This work is not up to par. It's not okay, you're going to need to work all weekend. One of the quotes in the book, among many of the quotes in the book from Machiavelli, is when he writes, he says the first method of estimating the intelligence of a ruler is to look at the men he has around him and essentially use this as a jumping off point to talk about building a support network at work finding mentors. And there's lots of unpack here because finding a mentor is not always very easy for women and for underrepresented folks at in workplaces because especially workplaces where men are in positions of power as you write. People tend to mentor people who remind them of themselves. So what is your kind of begin to understand about how to build a support network around yourself in the work environment? This actually emerged as maybe one of the most important things about succeeding in a workplace and in a profession overall is building a network. And by network, I mean, yes, mentors, what they call sponsors, which are like people very high up in the company. You can kind of do things for you, but maybe aren't actively mentoring you every day. Also, colleagues. Also, people who are newer than you are who have positions that aren't as powerful or well paid as your own. That network is crucial, I think, because that will help determine people suggesting you for projects, people telling you about what they're working on. People wanting to collaborate with you, people speaking up for you, suggesting you for things promoting you full stop. And people standing up for you in meetings. If you get talked over or interrupted, having someone else jump in on your behalf can be really powerful. So I think finding a mentor in a situation where there aren't a lot of people who are natural mentors is a process I think I would recommend looking for people whose work you like, look for people you admire. And for whatever reason, maybe they're really maybe they have amazing ideas. Maybe they're just really good at getting those ideas executed. Maybe they're amazing at working at a team. Maybe people just say really great things about them. And reach out to them and tell them that exactly, just say, you know, I really, you come up with the most creative ideas. It's so inspiring, I'd love to just get some advice from you and hear about your career trajectory because I'm hoping to get to X and so that person might not look like you. That person might have a really different background than you do. And it might not be a natural thing for this person to gravitate towards you, but I think if you feel a connection yourself to them for some reason, you admire their work, you like the way they operate in the office. You like the way they relate to other people. Whatever it is, you like their leadership style. Tell them that thing. That is a point of commonality that you can start from there. One of the things that is so interesting about how you approach negotiations in the book is that you make a point to say ultimately, it's about interests. Yes, you can make them more argument. You can say, look, you should do this for this reason that reason that reason. But oftentimes it's not as effective as making is making it clear why it is in their interest to promote you or to offer you a raise because of the services that you offer and the value that you create for the organization. And that's an approach that you say is actually super effective when you frame it as being in their interest. Yes, what you want to do, I think, is to present a story of a potential future with this employer. And I think that can be incredibly productive. And so how do you make that happen? Well, I would argue that a collaborative approach, presenting a future where you want to go. And say, listen, you know, I know that we're wanting to innovate more and produce more podcasts from new voices. I can help make that happen. Here's how. I'm so excited that I could collaborate on this with you. I mean, that is actually not so I mean, it's a little machiavellian devious, but I would also argue it's a good thinking exercise for you as an employee too. Like what do they want? Can I how do our goals align? What's the crossover? And I think that can just make things happen so much faster than if you're only thinking about what you want to achieve. I think oftentimes we forget a negotiations that it's much more disruptive for our employee to leave an organization and for the organization to have to completely retrain a new person and bring somebody on board and get them up to speed quickly. It's much more expensive and complex than it is to increase somebody's salary. From almost any vantage point, it's always better to retain people and employers are usually approaching a negotiation with that in mind. Oh yes, so even if you don't think you have any leverage and negotiation, let's say this is a job that has people lined up to take it. There's a real cost to employers if you walk away. I think glassdoor said it's $6000 is the average cost of recruiting people and interviewing them and all that. I mean, that's a lot of money. And that's even before you hire them and then train them. Yes, and that is not even taking into account the risk that the person they hire isn't going to be able to do the job or is has some kind of a meltdown or something. So it is in an employer's interest to keep you. And there is definitely a shiny and new allure. I've seen this a million times. Where companies get all excited about a new person and they don't appreciate the qualities of a person who's already in the position. But also anyone who's been on a hiring committee, it's exhausting. And you just want to not have to do that. And at least if you're happy in your workplace or like the work that you're doing, give your employer a chance by telling them what you want and don't assume that they're just gonna be like, whatever. A million people will apply for this job the second you walk out the door. We don't need you. Definitely never assume that. Because it's not true. You I mean, ultimately, and you have a chapter. Actually, I love the title. You can go your own way because I love that song, too. It's a good one. But you know, ultimately, that is a decision you can make. You can make that decision to go. I remember I interviewed ingenuity about her life and career at Pepsi and she was really recruited hard to come to Pepsi in 1994. And she had been at a technology firm. She'd been able Motorola. They really wanted her, Pepsi and she was being recruited by GE, and she had to decide between GE and Monsanto and Pepsi and they were all really trying to get her on board to come to be a strategic leader. And this is not long before she became CEO. So she joins Pepsi in 94. By 96, she's ready to leave. She was frustrated. She felt disrespected. She felt like it was an old boys network and that many of the men in the executive team were disrespectful and dismissive of her ideas and one day she walked into the CEO's office and she said I'm going to present this strategic plan to the board. And then I'm leaving. I'm done. And he was stunned. She describes this in her book that he was stunned to learn that she felt this way didn't know that. And instantly instantly read the right act to these other executives, but she was prepared to leave. She said, I don't need this. And she didn't have a plan. But it reminded me of this chapter here, which is that ultimately it is also part of anyone's toolkit that you can, if you have to, and if it makes sense, you can walk away. Yes, and I think that is incredibly powerful to know. One of the things that I write about in the book is that I had noticed that I have not had a great, I've never liked to negotiating, and I had been historically just terrible at it. But there were a couple negotiations that went really, really well for me. And those were in cases where I didn't really care about the thing I was negotiating for. I was amazing. It was amazing to see what happened when I didn't care about what I was negotiating for. And that, of course, really frustrated me because I was like, well, it's one thing to be awesome at a negotiation when you don't want the thing you're negotiating for. But I don't care about those negotiations. I care about the negotiations where I do really want the thing. So what is the power secret in the not caring that I could potentially apply? And I think the key is a willingness to let go. And when you're holding really tightly to a job or a position or an idea of where your career should go, that can be a real weakness. It can make you brittle and I think flexibility, mental flexibility is so important in a negotiation. Like you don't know what opportunities might come up. I would say staying open is so important. And I think knowing in your head and heart that you will be okay. That you can make it on your own and do what you have to do to, you know, maybe it's 6 months of savings or whatever it is, having that confidence inside of yourself is probably the most powerful tool you can have in a negotiation. You're not trying to prove your value by getting bumped up to a senior reporter from reporter two, right? Your value is a human being and the value of your work does not hinge on that, although let me tell you guy, there have been certain moments in my career when I have felt exactly that way. But your value is a person and the work you produce is completely independent of that recognition. And so I think that loosens you up. It gives you a freedom. If you know that you can go on your own and that maybe that will be a better thing, I think that could be so powerful. Your experience obviously comes from being a reporter working for media organizations, but and I know your story well because we're friends and we've known each other for a long time. But what I love about this book is how universal it is. It applies to anybody working in any field where it's banking or in the tech sector or for consumer goods product company or even for small business. The ideas here are universal and you know what I discovered when I wrote my book last year was that I actually was writing a book for myself that I needed. I needed to answer questions I had, right? Which was how do you start a business? And that was the result of the result of it was this manual. I needed a book that it was a book that I would have needed when I couldn't have answered those questions. And similarly, I think that was your approach with this book. It was like, I need the answers to this. I have to imagine you've walked away from all of this research and all of these interviews you've done and all of this writing a better negotiator, a stronger negotiator and more sort of strategic and understanding how to use certain tactics. Well, absolutely. It's interesting because I don't even really think of negotiations as negotiations anymore. A part of that could be that I'm very solidly mid career, so I'm not starting out. So I feel and also podcasting, there are a lot of jobs happening, which is not always been the case in our profession. So circumstances, outside circumstances have also changed, but the anxiety of a negotiation has largely just vanished for me because I don't really think of it as negotiations. It's more of a if you want this from me, here's what I would need from you to make that happen. Here's what I would like to see from you. Here's what I would need to be happy. Yeah. Or feel valued in this job. And that's so much easier and I just feel so much less anxiety than listen. I know what you're paying everybody else here. And I know I'm underpaid and you have to give me a $15,000 raise or I don't know. Yeah. Which just so much anxiety and I would put negotiations off for years, years, in some cases. Now I just try to have check in conversations with my managers a lot more. It's funny because some of my colleagues have expressed a little bit of anxiety around this book. They're like, oh, are you, are you sneaking around or you scheming? I know. But I think way to the contrary, I'm much more open about what I want. I was much more scheming and secretive and tortured before. And now it's just part of a conversation. I feel confident in what I'm giving to the job. I guess I talk with my managers a lot more. I'm a much more honest. I very much more open about what I want and where I'd like to go. I also just don't think of it as an antagonistic situation anymore. And I really used to, like, high noon. But I don't anymore. It's a relationship. It's a give and take. It's a moving forward together. And I'm asking for things. And if the answer is no, I don't feel crushed or a less valuable person or worker. I'm just like, oh, that's interesting. Or I don't even feel like I have to quit. I've thought about things so much more holistically. I feel like there are a million options. Oh, there's no money for a raise right now. Okay, well, I'd also value this and this and this. And it's made me think a lot more deeply about what I value and what I want. And it's just taken a lot of the fear out of things. It's taken a lot of the anxiety of negotiation.

Pepsi Stacy van Smith Simon sinek Erin Brockovich Machiavelli NPR GE glassdoor Monsanto Motorola
"stacey vanek smith" Discussed on Wisdom From The Top

Wisdom From The Top

06:04 min | 6 months ago

"stacey vanek smith" Discussed on Wisdom From The Top

"Slash NPR. This message comes from NPR sponsor into it QuickBooks live. As a small business owner, you do everything yourself. But now you don't have to. Introducing a major advancement in small business bookkeeping, having someone else do your books for you right from your laptop. Into a QuickBooks live connects you with trusted experts who understand your business, guaranteeing your books get done right. So do the best thing you can for your business by letting QuickBooks take bookkeeping off your plate. Learn more at QuickBooks dot com. Hey, welcome back to wisdom from the top. I'm guy raz. So here's more of my conversation with Stacy van Smith, host of NPR's the indicator podcast and author of the new book, Machiavelli for women, a playbook for getting ahead. One of the things that really stood out to me is this idea that women tend to be at their best as negotiators when they're advocating on behalf of others. And it reminds me of something Simon sinek talks about and has talked about with us on the show about mission when the mission isn't about you, you tend to perform better. How can you apply this idea of advocating for yourself, but using the principles of advocating for others? Because clearly you discovered that women are more effective when they advocate on behalf of others. Oh yes, this was one of my favorite discoveries when I was writing the book. I called it the Erin Brockovich exception because although we do tend to look at women quite negatively if they're pushy and assertive and aggressive, we don't do that if women are being pushed assert and aggressive on behalf of someone else. That is very much in line with what we think an ideal woman is. She's selfless. So as a woman, you can kind of leverage it. For instance, if you want to ask for a raise, one thing you can do is think like, well, what should share in my colleague be getting paid? And it's like, you know, she's totally underpaid. She should be making at least $80,000, that's what you should ask for. And you're negotiation is likely to go better and be more successful if you do that. Also, when women get into leadership roles, I think this can be very, very powerful. It's something that's often called transformational leadership. So instead of asking people to do something, if you say we need to do things on behalf of the team, you know, the team basically becomes the other person that you are fighting for. So it's, you know, we really need to stay late so that the work that this team does is well represented. Like I really believe in this team, but the work that we've been producing is not up to the standards that I really know this team can meet. That sounds much different to people's ears than you guys are not working hard enough. This work is not up to par. It's not okay, you're going to need to work all weekend. One of the quotes in the book, among many of the quotes in the book from Machiavelli, is when he writes, he says the first method of estimating the intelligence of a ruler is to look at the men he has around him and essentially use this as a jumping off point to talk about building a support network at work finding mentors. And there's lots of unpack here because finding a mentor is not always very easy for women and for underrepresented folks at in workplaces because especially workplaces where men are in positions of power as you write. People tend to mentor people who remind them of themselves. So what is your kind of begin to understand about how to build a support network around yourself in the work environment? This actually emerged as maybe one of the most important things about succeeding in a workplace and in a profession overall is building a network. And by network, I mean, yes, mentors, what they call sponsors, which are like people very high up in the company. You can kind of do things for you, but maybe aren't actively mentoring you every day. Also, colleagues. Also, people who are newer than you are who have positions that aren't as powerful or well paid as your own. That network is crucial, I think, because that will help determine people suggesting you for projects, people telling you about what they're working on. People wanting to collaborate with you, people speaking up for you, suggesting you for things promoting you full stop. And people standing up for you in meetings. If you get talked over or interrupted, having someone else jump in on your behalf can be really powerful. So I think finding a mentor in a situation where there aren't a lot of people who are natural mentors is a process I think I would recommend looking for people whose work you like, look for people you admire. And for whatever reason, maybe they're really maybe they have amazing ideas. Maybe they're just really good at getting those ideas executed. Maybe they're amazing at working at a team. Maybe people just say really great things about them. And reach out to them and tell them that exactly, just say, you know, I really, you come up with the most creative ideas. It's so inspiring, I'd love to just get some advice from you and hear about your career trajectory because I'm hoping to get to X and so that person might not look like you. That person might have a really different background than you do. And it might not be a natural thing for this person to gravitate towards you, but I think if you feel a connection yourself to them for some reason, you admire their work, you like the way they operate in the office. You like the way they relate to other people. Whatever it is, you like their leadership style. Tell them that thing..

NPR Stacy van Smith Simon sinek Erin Brockovich Machiavelli
"stacey vanek smith" Discussed on Wisdom From The Top

Wisdom From The Top

06:40 min | 6 months ago

"stacey vanek smith" Discussed on Wisdom From The Top

"This message comes from NPR sponsor, click up, meet a productivity solution that's guaranteed to save you one day every week. Click up brings all of your work into one place. Tasks, docs, chat, and goals, so you can focus on work without switching apps. It's how companies like Uber, Google, and web flow, save time, with 10,005 star reviews and used by 200,000 plus teams, click up is one place for all your work, and it's free forever, so try click up today and click up dot com slash NPR. This message comes from NPR sponsor into it QuickBooks live. As a small business owner, you do everything yourself. But now you don't have to. Introducing a major advancement in small business bookkeeping, having someone else do your books for you right from your laptop. Into a QuickBooks live connects you with trusted experts who understand your business, guaranteeing your books get done right. So do the best thing you can for your business by letting QuickBooks take bookkeeping off your plate. Learn more at QuickBooks dot com. Hey, welcome back to wisdom from the top. I'm guy raz. So here's more of my conversation with Stacy van Smith, host of NPR's the indicator podcast and author of the new book, Machiavelli for women, a playbook for getting ahead. One of the things that really stood out to me is this idea that women tend to be at their best as negotiators when they're advocating on behalf of others. And it reminds me of something Simon sinek talks about and has talked about with us on the show about mission when the mission isn't about you, you tend to perform better. How can you apply this idea of advocating for yourself, but using the principles of advocating for others? Because clearly you discovered that women are more effective when they advocate on behalf of others. Oh yes, this was one of my favorite discoveries when I was writing the book. I called it the Erin Brockovich exception because although we do tend to look at women quite negatively if they're pushy and assertive and aggressive, we don't do that if women are being pushed assert and aggressive on behalf of someone else. That is very much in line with what we think an ideal woman is. She's selfless. So as a woman, you can kind of leverage it. For instance, if you want to ask for a raise, one thing you can do is think like, well, what should share in my colleague be getting paid? And it's like, you know, she's totally underpaid. She should be making at least $80,000, that's what you should ask for. And you're negotiation is likely to go better and be more successful if you do that. Also, when women get into leadership roles, I think this can be very, very powerful. It's something that's often called transformational leadership. So instead of asking people to do something, if you say we need to do things on behalf of the team, you know, the team basically becomes the other person that you are fighting for. So it's, you know, we really need to stay late so that the work that this team does is well represented. Like I really believe in this team, but the work that we've been producing is not up to the standards that I really know this team can meet. That sounds much different to people's ears than you guys are not working hard enough. This work is not up to par. It's not okay, you're going to need to work all weekend. One of the quotes in the book, among many of the quotes in the book from Machiavelli, is when he writes, he says the first method of estimating the intelligence of a ruler is to look at the men he has around him and essentially use this as a jumping off point to talk about building a support network at work finding mentors. And there's lots of unpack here because finding a mentor is not always very easy for women and for underrepresented folks at in workplaces because especially workplaces where men are in positions of power as you write. People tend to mentor people who remind them of themselves. So what is your kind of begin to understand about how to build a support network around yourself in the work environment? This actually emerged as maybe one of the most important things about succeeding in a workplace and in a profession overall is building a network. And by network, I mean, yes, mentors, what they call sponsors, which are like people very high up in the company. You can kind of do things for you, but maybe aren't actively mentoring you every day. Also, colleagues. Also, people who are newer than you are who have positions that aren't as powerful or well paid as your own. That network is crucial, I think, because that will help determine people suggesting you for projects, people telling you about what they're working on. People wanting to collaborate with you, people speaking up for you, suggesting you for things promoting you full stop. And people standing up for you in meetings. If you get talked over or interrupted, having someone else jump in on your behalf can be really powerful. So I think finding a mentor in a situation where there aren't a lot of people who are natural mentors is a process I think I would recommend looking for people whose work you like, look for people you admire. And for whatever reason, maybe they're really maybe they have amazing ideas. Maybe they're just really good at getting those ideas executed. Maybe they're amazing at working at a team. Maybe people just say really great things about them. And reach out to them and tell them that exactly, just say, you know, I really, you come up with the most creative ideas. It's so inspiring, I'd love to just get some advice from you and hear about your career trajectory because I'm hoping to get to X and so that person might not look like you. That person might have a really different background than you do. And it might not be a natural thing for this person to gravitate towards you, but I think if you feel a connection yourself to them for some reason, you admire their work, you like the way they operate in the office. You like the way they relate to other people. Whatever it is, you like their leadership style. Tell them that thing..

NPR Stacy van Smith Simon sinek Erin Brockovich Google Machiavelli
"stacey vanek smith" Discussed on Wisdom From The Top

Wisdom From The Top

06:48 min | 6 months ago

"stacey vanek smith" Discussed on Wisdom From The Top

"To wisdom from the top. I'm guy raz. At the beginning of her new book, Machiavelli for women. Stacey vanneck Smith cites a bunch of data that shows how undervalued women are in the workplace. And how underrepresented they are in leadership. So I asked her about something that really struck me when I read that data. It's amazing to read through them. Not because of the factual data, like we know, 80% of CEOs are men, 90% of Fortune 500 companies, corporate boards, 80% male. Women make 80 cents for every dollar men make, et cetera, et cetera. What's so unbelievable when you read these stats? Stacy is that I could have had that same exact conversation ten years ago. Yeah. You know, I remember the same statistics ten years ago. And then in ten years ago you would read them and say, well, this is going to change, obviously. And here we are, and it really hasn't changed. At all, even though there are more women getting law degrees of medical degrees, they do better in standardized tests across the board in secondary schools and in colleges. It hasn't changed. There's been very little movement over the last ten years. I think that's right, right? That is absolutely right. And this was, in fact, this was the thing I was looking into right before I decided to write this book was I was doing some pieces for my podcast on the gender pay gap. And I was looking into it and talking about it and one of the economists I was talking to this wonderful wound francine blau said, oh yeah, well, it's been the same for ten years. And I was like for ten years. She said, yeah, actually it's gotten a little worse. And I was like, ten years, that can't be right, but a lot of things have been stuck for ten years. The share of women in the workforce stuck for ten years, of course, since the pandemic, we lost 30 years of progress. Things are just stuck. And you're right, women are going to law school, medical school, college, and higher numbers. There are more women than men in law school. And yet 75% of federal judges are male. There are just about the same number of women and men in medical school, but 75% of surgeons, which didn't generally the highest paid job in that are male, 75% of law partners are male, 75% of elected representatives are male. Something is happening. There is a gap, like women are entering the workplace, but they're not reaching as I came to think of it like the princely realms, Machiavelli's principals are not getting into the executive offices. They're not getting the money for their companies. What is going on? And how can we possibly navigate that as individuals? Because of course, a lot of this could change with policy, but as individuals we don't always have an effect over policy immediately. So what can we do right now just you? So you sort of open up by kind of identifying some of the key obstacles that women face many of them we know well, systemic obstacles. And obstacles that can be as you rightly point out mitigated in some ways through policy. But there are other obstacles that seem self perpetuating, not because women are holding themselves back, but because society has created a context in which women are expected to think or act or behave differently. So, for example, talk about the Cinderella syndrome. What is that? The Cinderella syndrome, yes. This is one of the big ones. And this does seem very backwards in a way, but the research shows us that it's still very much alive and well. So the Cinderella syndrome is this idea that men tend to be promoted based on potential and that women tend to be promoted based on work that they've done sort of again and again and again and again. And a lot of the reason for this has to do with assumptions that people make. And not assumptions they want to make. A lot of times these are really good people, which is why I think this problem is so insidious and so hard to fix. But people associate being a woman being sort of a quote unquote good woman, ideal feminine qualities are things like compassion being self effacing, not asking for yourself, working on behalf of others being nurturing. I mean, those are really beautiful qualities, but the problem is the qualities people associate with leaders are not those qualities. The qualities people associate with leaders are people who are decisive, independent, don't care too much what other people think are assertive are not afraid to say something unpopular, not afraid to say the truth. And the qualities people associate with a masculine, like the ideal masculine qualities are very much aligned with those leadership qualities. And it's very much at odds with women. So when women display leadership qualities, they're independent, they speak out. They don't care too much what other people think. This doesn't sit well with people. Because somehow this person just doesn't seem quite right and what's happening is there is a clash going on in people's heads between what they associate with good feminine qualities and good leadership qualities they're at odds. And so you can end up the reason I call it the Cinderella situation is that Cinderella wanted to go to the ball and her stepmother said, you can go to the ball, but you have to polish the banister, clean the house, you know, do all of these chores. It was really just a way of saying you're never going to the ball. This is not happening. Is moving the goalpost. Yeah, it's exactly moving the goalpost. And this is exactly what happens to women at work. It's like, you're never going to the ball, but I'm going to pretend like you could go to the ball. Why don't you do all of this really brutal labor? Me time. And you will be underpaid and then in the end you won't go to the ball anyway. Based on your research and your mention, you interviewed some amazing, incredible people for this book. Janet Yellen, and the chef Nick and nikaya. And tech founders and Wall Street executives and a Dell Lim who wrote Crazy Rich Asians. And one of the things that you read about in the money chapter is that one of the reasons you found that women don't negotiate their salaries is because according to responses you gathered, many women find those negotiations to be excruciatingly painful and unpleasant and.

Stacey vanneck Smith Machiavelli francine blau CEOs Stacy Cinderella Janet Yellen nikaya Nick Dell
"stacey vanek smith" Discussed on Wisdom From The Top

Wisdom From The Top

06:43 min | 6 months ago

"stacey vanek smith" Discussed on Wisdom From The Top

"On business and finance for close to 20 years. She's the host of the indicator on planet money. And throughout her career, she is reported on everything from oil and Oklahoma to monetary policy and Pune India. And the more she examined the business world, the more she kept bumping into some unpleasant truths, 80% of CEOs are men. Women make 80 cents for every dollar a man makes. Women start 40% of the businesses in the U.S. but get 2% of venture capital. And of course, these trends extend into the world of politics, law, entertainment, you name it. So what to do? Well, Stacey started to think that some of the answers might lie in Niccolò Machiavelli. The oft quoted and sometimes misquoted 16th century philosopher of politics, diplomacy and power. Machiavelli is the source of lines like it is not the title that honors the man, but the man that honors the title, and the first method of estimating the intelligence of a ruler is to look at the men he has around him. And, of course, it is far safer to be feared than loved. For her new book, Machiavelli for women, a playbook for getting ahead, Stacy takes lessons from the careers of female leaders, including Janet Yellen, Adele Lim and Neha Nida, and from the philosophy of Niccolò Machiavelli, to propose a set of tools that women can use to gain more money, more confidence, more respect, and more support in the workplace. Stacy first read Machiavelli's most famous work, the prince, in the late 1990s. When she was an undergrad at Princeton, pursuing a degree in comparative literature, and she was not a fan. I really hated the book incidentally. I remember just having visceral reaction of hatred when I first read it. Because it's like this power or hungry, right? It seems like the key setting you up to live in a scary world. It's so cynical and sort of, I mean, the word that keeps coming into my mind is basic, right? It's like, how to get power over people. How to bend them to your will. It wasn't inspiring to me. This was nothing I had any interest in at age 18. I mean, I was a complicated guy. I was not interested in power or crushing anyone. Yeah. So who were the philosophers that appealed to you? I remember really loving Cicero. Cicero was so optimistic the way he wrote about mankind and humans and just the potential we all have in the inherent goodness we all have and that is also true, incidentally. I still love Cicero. I still get excited when I think about those ideas, but you know I've been working for a long time and slowly I've found myself thinking about Machiavelli a lot more over the years than Cicero. And I've developed an appreciation for Machiavelli that I definitely did not have in college. What were those triggers? Like, when do you remember him kind of popping back into your life from time to time? Yeah, it didn't happen in the early part of my career. I think it happened maybe 5 or 6 years into my career. I started thinking more about Machiavelli, because at that time, you can start to sort of see the arcs of people's careers a little bit. You see people start out and where they're starting to move, I've been working in public radio now for 15 years. So I have seen career arcs. I've seen interns turn into hosts. I've seen people drop out of the profession altogether. I've seen really talented people get kind of pushed aside. I've seen less talented people get elevated, I started to realize that, and this may sound incredibly naive. I started to realize that the situation we're in is not fair. And I started thinking about Machiavelli and I started noticing that the people who succeeded were not always the people who worked the hardest or who had the most talent, but a lot of times it was that mixed with people who were very savvy who could deal with other people really well who wielded power or dealt with people who were wielding power in a smart way. And I think that is when I first started thinking about Machiavelli, there was a line in the book that stuck with me from college that where he says we have control over about half of our lives. Fortune leaves us one half of our lives to control maybe a little less. And at first when I read it, I was like, of course, fortune doesn't control half of our lives. We control all of our lives. But of course, the longer I reported on people in the economy, the bigger my world got the more aware I became of people in different circumstances and just watching people in the circumstances around me, the more I began to think that was actually very wise. Most people who know the name Machiavelli know the prince and might know a few things like his famous line that it's better to be feared than loved. But best to be loved and feared, but if you have to choose one, better to be feared. And people often ascribe that to Richard Nixon, apparently famously would quote that. But tell me a little bit about him about Machiavelli. What was the context in which he was writing this, but what was this book supposed to be when he put it out into the world, you know? Hundreds of years ago. It was a cover letter in short. The prince was a cover letter. And it was a cover letter to the people who had taken everything from him. It was a groveling cover letter. If I had to sum it up, so Machiavelli, this was back when Italy was city states. And they were all at war with each other, and there was a lot of violence. A lot of blood, the king of France was running around, killing a lot of people, the Pope had armies. He was running around killing a lot of people. It was desperate. It was violence. It was chaos. And Machiavelli was essentially the Secretary of State for Florence. And he, he loved Florence. He wrote in a letter to a friend, I love Florence, more than my own soul. And he.

Machiavelli Niccolò Machiavelli Cicero Janet Yellen Adele Lim Neha Nida Stacy Pune Stacey Oklahoma Princeton India U.S. Richard Nixon Italy France
"stacey vanek smith" Discussed on The Indicator from Planet Money

The Indicator from Planet Money

01:59 min | 10 months ago

"stacey vanek smith" Discussed on The Indicator from Planet Money

"Adding nine hundred forty. Three thousand jobs in one month is amazing for months. Economists luke pardew has been waiting for this moment and it came early this morning when he went to the website for the bureau of labor statistics. Just as the report dropped for the july jobs. Numbers you open the page. Your eyes go to that number. I saw that nine and i immediately was excited. Because we've been looking for this number. Every time i scan to the jobs report when i opened that page and scan to the nine. I was incredibly excited. Because that's the number we've been looking for for so long and there wasn't just one nine either. There were two nine one for last month month of july and also one for june which was revised up. It was especially good to see those numbers because for the last few months it has been such a strange thing to see. The job's getting added more slowly than expected strange because at same time as there were millions of unemployed people in the us there were also millions of open jobs. Companies desperate for workers and yet in march april may all those millions of jobs and those millions of workers. Just didn't seem to be finding each other until now. It's really hard to find a blemish in this report. You look worried. I've got my word face on this job to be worried about these things. Luke says there are two main reasons for his worried economist. Face today and both of them have to do with timing. I the season sometimes. Seasonal adjustment can screw up numbers that the s. puts out and we've seen large gains in education here which might be due to the fact that schools have been building up staffing over the summer. Luke says regular seasonal adjustments are tricky now because the job market has been going through such a strange time and he worries. This month's number might be a little bit artificially high

luke pardew us luke stacey vanek smith
"stacey vanek smith" Discussed on KQED Radio

KQED Radio

01:30 min | 1 year ago

"stacey vanek smith" Discussed on KQED Radio

"Engine control modules to tail lamps more at rock auto dot com. And the listeners of KQED. Six minutes Now past 10 o'clock sunshine expected all the way to the coast after the morning low hanging fog and clouds We expect high of 63 in San Francisco today. 68 in Oakland, 74 in Napa 72. The high expected in San Jose today. 80 degrees in Sacramento. 77 conquered in 61. Degrees Expected for Hyatt Point Reyes National Seashore. So have the high wind advisory for the Bay Bridge right now. Hey, y'all. This is Sam Thought Daddy this week why We're in a labor shortage and what re opening feels like all right, let's start this hour. Hey, yeah, you're listening to it's been emitted from NPR. I'm Sam Sanders. And this episode. I am so happy to welcome back one of the most dynamic duos in public radio history. Small disclosure. One of them right now is not officially in the public radio family, but it still counts. Two of my favorites. Cardiff Garcia Stacey Vanek Smith. Hello. Hello. Hello. Hello. Hi, sis. Sam. Nice to still be in your warming. Race. Your face. Cardiff? Yes. Seriously? Yeah, guys, that closet on that blanket. That's right. Oh, my God. They're bark that their dogs barking. Hold on. Give me one sec. You hear him? Yeah. I love.

Sam Sanders San Jose Sacramento San Francisco 80 degrees 61 Oakland 77 74 Two NPR 68 63 today Six minutes one sec One Sam Bay Bridge past 10 o'clock
"stacey vanek smith" Discussed on KQED Radio

KQED Radio

06:24 min | 1 year ago

"stacey vanek smith" Discussed on KQED Radio

"The country celebrated all Aaron could feel was relief. There He is in a 2016 w Abe interview. It was 2.5 years problem. Told this story many times was probably the saddest 2.5 years I ever had in baseball pressure on myself. Aaron eventually hit 755 home runs a record that's stood for more than 30 years before it was broken by Barry Bonds. Aaron was inducted into baseball's Hall of Fame in 1982. After his career, Aaron made Atlanta his home and became a fixture in the community. Hank Aaron. He was a part of the Braves coming from you're walking to Atlanta to prove that we were sitting too busy to hate. Atlanta Native C. J. Stewart, who once played in the Chicago Cubs organization, says Erin was not only a transformative figure in the city's history but was also a mentor. We can hold our heads up high black men and black boys. Like people that love this game of baseball. Knowing that he was a man that used this game to do a lot of amazing things for his contributions to the game of baseball and his community. George W. Bush gave him the presidential Medal of Freedom in 2002. Today, another president, Jimmy Carter, was among those honoring Aaron. Party called the baseball legend, a breaker of records and racial barriers whose remarkable legacy will continue to inspire countless athletes at admirers for generations to come for NPR news. I'm a meal Moffett in Atlanta. You're listening to all things considered from NPR news. The international space station cost hundreds of billions of dollars to build for astronauts living on the space station. Though money is essentially abuse lists, there's nowhere to spend it. But that does not mean there isn't an economy for the handful of astronauts living on board. From our daily economics podcast, the indicator from Planet money. Stacey Vanek, Smith and Cardiff, Garcia explained the economy aboard the international space station is all about trade. This is according to astronaut though we lock Actually, everybody at NASA calls me wheels. I'm one of the old grizzled veterans. So the early career astronauts call me Papa Wheels. Doug Papa Wheels served as the commander of the International Space Station and lived there orbiting the Earth for six months. That interesting thing is with food. Of course. Doug says that aboard the space station Most of the food is actually pretty bland. But every three months a big event would happen. Doug and his crew would get a shipment from Earth just before they closed the hatch on the launch pad they would throw like a bag of Fresh fruit like oranges, lemons, apples, vegetables as well. Everybody would only get one or two pieces of producer just wasn't that much of it. And so here is where the trade comes in. Doug knew that the Russians loved onions, but Doug loved fruit Theater. Your chicken was my commander. And I said, Hey, Theater, want trade? An onion for do you have? Ah, like an extra orange goes all You don't want your onion. Of course, The space station economy was not just about food, though. Services were also a big part of it Dug, for instance, has an engineering background and he says for him, one of his least favorite parts of life aboard the space station were all the scientific experiments. They had to do Whatever their background, this was just part of what they did every day. Way out of it. Economics. Doug discovered this a couple of weeks into his mission. When one of the scientists aboard the space station told him that there was a big problem, she said. Hey, the party's broken know what you want to hear aboard space station that's for sure. No, But Doug's background was an engineering, so he understands systems and he says, fixing things comes really naturally to him. And the scientists This woman named Shannon knew this about Doug Shannon looked at me, she said. If you fix the party Do all of your science for the rest of the day. I'm thinking like that is a deal and a half. I'll take that deal. So I got my bike tool belt and called Houston and said, You know, Houston, we have a problem. The party is broken, but the real commodity on the space stations is Doug. Was Earth itself. For example, Doug says, you just want to see and talk to other humans. Even if you don't know them. You want to drop in on other astronauts video chats and see their families and talk to their friends. You don't care. Yeah, because in space, humans are a precious commodity. And I asked if there was ever bartering around this like, hey, you can join my video chat with my family for an apple. Indexes. Actually, everybody needs human interactions so much they don't really trade it because it becomes sacred when you get back to earth, Doug says. Your idea of what's valuable is changed forever. It's completely changed my whole perspective. Especially especially rain. I am just like fascinated by rain now. I bet I just The smell of it the sound of it and just to feel against your skin I took for granted before you know. Stacey Vanek Smith. Cardiff Garcia NPR news s support for Planet money comes from tableau providing analytics designed for people to find the insights needed to solve today's complex challenges and the resiliency to drive business forward. Maura tableau dot com slash NPR. You're listening to all things considered from NPR News. Traffic trouble in the Santa Cruz Mountains continues at 5 48 with the details. He was Julie Depp ish. Julie with that wreck on highway 17 South Bend a redwood is states. A good news is it's all the shoulder now. Do you have the backup? Did Bear Creek Road San Leandro? Those who crashed South 8 80 before to 38? Three vehicles all out of the lanes now heavy backup to Marina If Fairfield eastbound 80 after Cordelia truck Scales stall big rig in the right lane as.

Doug Hank Aaron NPR News baseball Atlanta Doug Papa Wheels International Space Station Doug Shannon Stacey Vanek Smith commander apple Barry Bonds George W. Bush Hall of Fame Julie Depp Braves Santa Cruz Mountains NASA Stacey Vanek Chicago Cubs
The Economy Aboard The International Space Station

All Things Considered

03:29 min | 1 year ago

The Economy Aboard The International Space Station

"The international space station cost hundreds of billions of dollars to build for astronauts living on the space station. Though money is essentially useless, there's nowhere to spend it, but that does not mean there isn't an economy for the handful of astronauts living on board from our daily economics podcast, the indicator from Planet money, Stacey Vanek, Smith and Cardiff, Garcia explained. The economy aboard the international space Station is all about trade. This is, according to astronaut Doug Wheelock. Actually, everybody at NASA calls me wheels. I'm one of the old grizzled veterans. So the early career astronauts call me Papa Wheels. Doug Papa Wheels served as the commander of the International space Station and lived there orbiting the Earth for six months. That interesting thing is with food, of course. Doug says that aboard the space station most of the food is actually pretty bland. But every three months a big event would happen. Doug and his crew would get a shipment from Earth just before they closed the hatch on the launch pad they would throw like a bag of Fresh fruit like oranges, lemons, apples, vegetables as well. Everybody would only get one or two pieces of producer just wasn't that much of it. And so here is where the trade comes in. Doug knew that the Russians loved onions. But Doug loved fruit. Cuter. Your chicken was my commander. As said, Hey, theater. What trade An onion for do you have? Ah, Like an extra orange. He goes all you don't want your onion. Of course, the space station economy was not just about food, though. Services were also a big part of it Dug, for instance, has an engineering background And he says for him, one of his least favorite parts of life aboard the space station were all the scientific experiments. They had to do whatever their background this was just Part of what they did every day, the way out of it Economics. Doug discovered this a couple of weeks into his mission. When one of the scientists aboard the space station told him that there was a big problem, she said, Hey, the party's broken not what you want to hear aboard a space station, that's for sure. No, But Doug's background was an engineering, so he understands systems and he says, fixing things comes really naturally to him. And the scientists This woman named Shannon knew this about Doug Shannon looked at me, she said. If you fix the party Do all of your science for the rest of the day. I'm thinking like that is a deal and a half. I'll take that deal, so I got my bike tool belt called Houston and said, You know, Houston, we have a problem. The party is broken, but the real commodity on the space stations is Doug. Was Earth itself. For example, Doug says, you just want to see and talk to other humans. Even if you don't know them. You want to drop in on other astronauts video chats and see their families and talk to their friends. You don't care. Yeah, because in space, humans are a precious commodity. And I asked if there was ever bartering around this like, hey, you can join my video chat with my family for an apple. Indexes. Actually, everybody needs human interactions so much they don't really trade it because it becomes sacred when you get back to earth, Doug says. Your idea of what's valuable is changed forever. It's completely changed my whole perspective. Especially especially rain. I am just like fascinated by rain now I made I just The smell of it the sound of it and just to feel against your skin I took for granted before you know Stacey Vanek, Smith. Cardiff Garcia NPR news

Doug Stacey Vanek Doug Wheelock Doug Papa Wheels International Space Station Cardiff Garcia Nasa Doug Shannon Smith Houston Shannon Apple Cardiff Garcia NPR
"stacey vanek smith" Discussed on KQED Radio

KQED Radio

02:27 min | 1 year ago

"stacey vanek smith" Discussed on KQED Radio

"One of the Peopie PE loans from the government, and she was approved. But those loans helped businesses cover payroll, and Daniella didn't just have payroll to worry about. She also had to pay rent. Around $28,000 a month. I'm a day spa. I'm utterly vulnerable. So how would I then pay The full rent. Daniela turned to the one person who could really help her solve her rent problem. Her landlord, I needed an exit strategy. Then in July, Daniella caught a break. Governor Andrew Cuomo announced that New York City would enter phase three of reopening, which meant that spaz could reopen. Daniella and her staff started kind of early, staying late. But the numbers just weren't adding up. Daniela could only open two of her seven treatment rooms because of social distancing. So even after reopening Piniella's revenues were down 70% from the previous year, and then in September, Daniel received a final offer from her landlord. It was two months of half off rent, and if she wanted an additional month at 50% off She would have to sign five more years onto her lease. What did he think was happening in two months like that's just magic thinking Daniella was at the end of her rope. She told her landlord, she would be out by the end of the month. Daniela spot is one of more than 100,000 small business is estimated to have closed this year when a business closes. It's still on the hook for the money it owes some business owners like Daniella file for bankruptcy as a way to deal with their outstanding debts. Kate Waldack is an economist who specializes in corporate bankruptcy, she says When a business closes, it sets off a chain of reactions that ripples through the economy. First, the business owner stops paying their landlord then the landlord isn't making any money and chances are they probably can't Least that space to a new tenant that's probably sitting empty. It's all of us on the landlord can't make mortgage payments to the bank when the virus is finally under control, and businesses can start reopening again get says it will take a lot of cash to jump start the economy, but For Daniela Stromberg. It's just too late. Stacey Vanek Smith. Britney Kernan. NPR news Support for Planet money comes from progressive insurance, offering.

Daniella Daniela Stromberg business owner Governor Andrew Cuomo Stacey Vanek Smith Daniel Britney Kernan Kate Waldack NPR New York City Piniella
Lego Fans Tricked By Counterfeit Kits

NPR's Business Story of the Day

03:24 min | 1 year ago

Lego Fans Tricked By Counterfeit Kits

"Lagos, are more than a toy, their investment, the company that makes those little plastic building blocks pulled in more than five point five billion dollars in sales. Last year, they often sell legos in special kits, sometimes depicting famous movie scenes and they retire those kids after a while making them collector's items for fans and upping their value. But where there's money to be made, there are also scams. Let's go into the world of counterfeit. Lego sets with Stacey Vanek Smith and Sally herships from the PODCAST, the indicator planet money. Tom glasco lives in Dayton. Ohio is three kids and they all love Lego, which is how he got into trouble. He'd been looking for a LEGO ray resistance fighter for his son and so perusing facebook one day I saw an ad for it for what seemed to be a low. But maybe not too low of a price. The exiting was half price just thirty bucks. The pieces weren't the same quality and they didn't go together quite as nicely as regular legos Tom had bought what turned out to be a knockoff. Lego set a counterfeit on their own legos are just these little plastic bricks. You can see why it would be tempting to make. Counterfeits chronic air pot or an apple watch or something the biggest and most notorious. These counterfeiters is a Chinese brand called Leppin. It operates completely openly I mean you can visit the company's website Leppin, world dot com and you will see that its logo and Legos logo are almost identical. But if you end up buying a knockoff, you don't just risk getting a flimsier product you could also ended up costing yourself money down the line if you're planning to resell your legos later on to understand how the LEGO scams work I turned to a superfan Steve Elliot he is thirty eight and lives in Albany Wisconsin if someone posts like a big seven, hundred dollar. People will zoom in and look to see if they can see the legos stamp on the top of a brick, which is called a stud. They don't see it. They'll accuse them of it being a knock off products. The lego community is enormous. There are whole websites like brick picker, dot, com brick link, and facebook groups like star. Wars Lego collectors USA, and if you buy fakes even accidentally and try to resell them, you could get yourself banned in two thousand seventeen something unprecedented happened in the Lego aftermarket, the secondary market, the prices of big sets, those giant boxes with thousands of. Lego pieces they started dropping, and this is according to brick picker. One of those Lego pricing and investment guides unprecedented here here's a clip from the brick picker youtube channel. Now, elephants in the room of course, is the Millennium Falcon and take a look at legal Millennium Falcon Graph when the Lego Millennium Falcon was first released over a decade ago. It was the most expensive legos ever four, hundred, ninety, nine dollars, ninety, nine cents, and then the price shot up to almost five thousand dollars but a couple of years ago it dropped by more than thirty percent in less than a year. By this set was one of the worst decisions that I made in my entire collection brick picker said. In Alkan started cropping up all over the Internet from places like let's knock off Millennium Falcon sets, which, of course, sell for much less a Lotta the Lego fans I talked to you were pretty upset about this. So be careful out there the next time you are shopping make sure you are getting the real thing

Lego Tom Glasco Facebook Lagos Stacey Vanek Smith Leppin Apple Dayton Ohio Sally Herships Steve Elliot Albany Wisconsin
"stacey vanek smith" Discussed on KQED Radio

KQED Radio

01:45 min | 2 years ago

"stacey vanek smith" Discussed on KQED Radio

"By the listeners of KQED increasing clouds today that means it's for were preparing for some rain that'll happen tonight in the meantime today's temperatures from the low sixties at the coast of the low eighties tonight late at night after eleven well at forty percent chance of showers and tomorrow we've got a fifty percent chance of rain on and off around the bay it will be partly sunny as well good morning the time now it's eight forty six this is morning edition from NPR news I'm David Greene and I'm Rachel Martin for many hospitals preparing for a surge of covert nineteen patients cost a whole lot of money some hospitals built the capacity but the surge never came and non COPD patients stayed away Stacey Vanek Smith is with our daily economics podcast the indicator from planet money and she's been tracking one hospital trying to convince people it is safe to come back about a month ago we spoke with Dr Patrick Kali he heads up the medical university of South Carolina health has over seventeen thousand doctors nurses and other health care workers and hospitals throughout the state when we talked with him last month he had just laid off nine hundred people but I was it was the hardest decision I've ever had to make my entire career to prepare for the corona virus pandemic hospital had to shut down the parts of its business that make the most money the elective surgeries like hip and knee replacements and the procedures like Colin Oscar bees is in March we lost twenty million dollars in April with one of lost a little more than thirty million dollars the Patrick how to get the hospital ready for a surge of coronavirus patients which she was expecting to hit in late April and yet the worst.

David Greene Rachel Martin Stacey Vanek Smith Dr Patrick Kali KQED NPR COPD South Carolina Colin Oscar
State unemployment offices overwhelmed amidst covid economic crisis

Morning Edition

03:16 min | 2 years ago

State unemployment offices overwhelmed amidst covid economic crisis

"Many state unemployment offices run on tiny budgets they have out of date computers and sometimes just a few dozen employees and suddenly these little offices are a lifeline for thirty six million Americans who are out of work Stacey Vanek Smith from our daily economics podcast the indicator brought us the story he won Ellison and her husband were laid off from the Subaru factory in Lafayette Indiana back in March they played for unemployment right away and then they waited a week one Brian right okay I have some savings save the two weeks went by on line okay start to get a little bit ridiculous now and now it's like okay it's Maine now we're gonna have to take right next month it's been more than six weeks since they applied and killing her husband still have not gotten their unemployment checks meanwhile kills husband got sick with covert nineteen some of her kids have been showing symptoms so she is trying to quarantine people care for people cook clean and keep the kids doing their school work keep everybody inside and on top of that she is spending hours on the phone every day with Indiana's unemployment office just calling the one eight hundred number which I you're just waiting and waiting and waiting okay let's try to email thought maybe that would be faster email ninety different claims eight and I only got a response back from one of all the ninety people online what is going on my name is Josh Richards and I'm the chief of staff at the Indiana department of workforce development we operator states unemployment insurance program Josh has been working there for more than a decade he was there during the Great Recession when things got so bad they had nearly thirty thousand people applying for unemployment in one week so when Indiana announced a state wide shutdown there's this one thought that went through his head how do we possibly staff out to process benefits that people need and the time frame in which they're going to expect them and need them just a few months ago in the end it was seeing record low unemployment the staff was lean but was more than adequate to handle the two thousand odd people filing for unemployment every week and then the claim started coming in three thousand people five thousand people ten thousand people Josh couldn't believe what he was seeing and the numbers kept climbing yeah I was like a hundred twenty hundred thirty hundred forty eight hundred and forty thousand people filing for unemployment in one week that's almost five times with Josh had seen it during the Great Recession this was just really different than what we are expecting and what we were built for in last week's Josh's brought on hundreds of people you now is roughly six hundred and fifty people working with him but they're trying to assist six hundred and forty thousand Indians who've lost their jobs people like Kayla to go from being not only backbone and our only source of income Sir just waiting you don't know when it's coming I was I was very light I was at my lowest yesterday I was over I quit Josh Richardson says his team are working as fast as they can he says he knows that for a lot of people people by Kayla it's just not fast

"stacey vanek smith" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:28 min | 2 years ago

"stacey vanek smith" Discussed on WNYC 93.9 FM

"New normal masks in some parts of the country face masks are just as essential issues when you leave the house Stacey Vanek Smith in Cardiff Garcia from our daily economics podcast the indicator from planet money explore the rise of the facemask Valerie Steele is an historian of fashion in New York he's also the director of the museum at the fashion institute of technology we called Valerie to ask her about masks the masks that people have been increasingly wearing since the start of the corona virus pandemic the idea of masks as personal protective technology like medical mass that's something that goes back to the end of the nineteenth century where in Europe surgeons realized that they could help prevent germs and bacteria from their mouth entering into people's wounds as the corona virus pandemic tragically lingers on a lot of people in the U. S. are gonna continue to wear masks out in public as time does go on will more people start thinking of masks as just part of what they wear every day a part of their outfit value says that has happened before in other parts of the world when they had to deal with earlier outbreaks of contagious diseases with a variety of pandemics like sars and mers over the past fifteen years or so people in Hong Kong China and Japan started increasingly to wear masks to protect themselves but also to protect the people around them and not only was mask wearing ubiquitous this is a part of the world where people are very interested in fashion and so quite quickly you also saw fashion masks being worn now it's early in the trends but Valerie does suspected something like this is also happening now in the US and Europe as a response to corona virus but there is more to this story than just business in fashion right now for example wearing a man ask has become part of a culture war here in the US yes it's a part of the country people are protesting against being ordered to wear a mask the protesters say they are trying to protect their personal freedom yeah and the advocates of wearing masks are saying that it's about science they point to evidence showing that if you wear a mask there is less of a chance that you'll infect other people if you have coronavirus Valerie says for her wearing a mask can send a message of solidarity I think that this idea of fashion Ising masks is a good way to normalize them and to say that this is you don't need to be scared you just need to be part of this we're all in it together and a bunch of fashion designers.

Stacey Vanek Smith Cardiff Garcia Valerie Steele New York director Hong Kong China Japan US Europe Ising fashion institute of technolog
"stacey vanek smith" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

03:31 min | 2 years ago

"stacey vanek smith" Discussed on WNYC 93.9 FM

"In the slayer if you heard there's a bathroom on the right you're wrong but you're not alone mon degrees or mis heard lyrics are a strange and often hilarious part of being a music fan they've even spawned a whole TV ad she burning out his fuse up here alone Elton John's rocket man is just one song that's been misunderstood over the years but there are hundreds of others and sharing them can be great fun for proof check out a show from our archives on Monday greens for mis heard lyrics at Nick Saban's dot org five no one morning edition from NPR news I'm no well king and I'm Steve Inskeep China is working to return to normal whatever that means the government lifted restrictions on movement in Wuhan where the corona virus outbreak began and Beijing sees small signs of improvement after six weeks of lockdown Stacey Vanek Smith in Cardiff Garcia from the NPR daily economics podcasts the indicator from planet money report on life in the Chinese capital Dan want lives in Beijing and he works for gas cow dragon omics which does economic research one day in early February Dan noticed some government workers stationed outside his Beijing apartment complex he thinks they were from the municipal government someone set up a tent with a table and a pen and paper the sort of taking down everyone's temperature as they came in and out of the apartments and their temperature checks like this taking place all over the city before Dan can enter his office building going to stores going to restaurants he has to get a temperature checked when I'm out I would have my temperature tacked around four or five times when I'm just walking around dance is a lot of his friends had hardly left their apartments at all travelers arriving to China from abroad now I have to go into quarantine either at home or in a government facility for two weeks when they arrive China has also been forced to severe restrictions on travel within the country China can do all of this dance says because it already has a big security and surveillance system in place and people are kind of used to it but here's the thing China actually has managed to slow the spread of the virus last week as the weather got nicer Dan noticed that life for the first time was gently returning to Beijing and I would say that this is the first time in about six weeks or nearly two months for so that there are a lot of people walking around you know wonder to the shops that I used to go frequently that have been close for the last several weeks are now opening again Dan says.

Elton John Nick Saban Steve Inskeep China Wuhan Beijing Stacey Vanek Smith Cardiff Garcia Dan China NPR
Planet Money: Single Women Are Shortchanged In The Housing Market

NPR's Business Story of the Day

03:15 min | 2 years ago

Planet Money: Single Women Are Shortchanged In The Housing Market

"Buying or selling a home is difficult. Even if you are very savvy with money but academics have discovered. It's even harder if you're a single woman. Sally Herships Stacey Vanek Smith from our daily economics. podcast the indicator from planet money. Explain what's going on. A new study just came out of Yale School of Management. It looks at how well single women do versus single men when they buy home or when they invest in the housing market housing is probably the largest purchase. It's made by most Americans. That's Kelly shoe. She teaches finance at the Yale School of Management and she says we invest more in our homes than in the stock market so when gene her colleague Paul Goldsmith. Pinkham recently bought houses around the same time they were paying a lot of attention to the transactions. Kellyanne Paul ended up looking at data data from over fifty million housing transactions. And here's what they found. On average single women buy houses for two percent more than single men but they also sell those houses for two percent. Less women are losing 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 just knowing the gender of the other party can affect the sale according to Kelly shoe when women make low offers the are treated differently differently than men who make the same low offers. It is an unfortunate consequence of perhaps our culture and the fact that We may I expect that women are more willing to share the pie and share the surplus from negotiation. This is called gender expectations. It's the possible that women are expected to be nicer to be more generous to be more thoughtful. It's the idea that everyone should benefit from. The sale of this House both buyer higher end seller. But no matter what the reason is that is not exactly what happens. When single women houses remember single 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 that the largest richest discounts tend to occur. When it's a female seller and mail buyer single? Women also do worse when it comes to. What is called market timing? Kelly says that could be because single women tend to be more tied down and in case. You're wondering Kelly and her co author accounted for all kinds of things education. An income age type of home listing agent ethnicity. They adjusted for all of these things and the results stuck so this is kind end of distressing but there was a silver lining there some good news depending on how you characterize a silver lining 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 single 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 cent compared to a single man. Stacey Vanik Smith Sally Herships N._P._R. News.

Kelly Sally Herships Stacey Vanek Sm Yale School Of Management Stacey Vanik Smith Kellyanne Paul Pinkham Paul Goldsmith Sally Herships
WeWork And The Future Of Coworking

NPR's Business Story of the Day

03:54 min | 2 years ago

WeWork And The Future Of Coworking

"This message comes from NPR sponsor xfinity some things are slow like simple easy awesome more at xfinity dot com restrictions apply after investors took a close look at the company's books and lost confidence in what they found there here is Stacey Vanek Smith and Cardiff Garcia from NPR's Daily Economics podcast. The came we work we work was not boring or beige it was this whole new way London earlier this year the company was estimated to be worth forty seven billion dollars Sir look at we works books and investors freaked out the companies rolling company I'm all Sarda is the CEO of a company called Motel which he would basically no tell does compete with we work yeah though Amal does say that they have different companies and it will probably benefit from we works implosion though a mall says probably L. Answers or working for tiny startups most of us just worked for big boring companies enterprises. They believe they're big oh in the last couple of years we worked did start to target bigger binny's on the other hand tend to make for more stable tenants and also they just have more money five hundred dollars a month and that is just for access to the lounge common area if you want in extremely price sensitive and they have much cheaper options and if those

NPR CEO Stacey Vanek Smith Daily Economics Cardiff Garcia Amal London Forty Seven Billion Dollars Five Hundred Dollars
Selling Dinosaur Bones On eBay

NPR's Business Story of the Day

03:32 min | 3 years ago

Selling Dinosaur Bones On eBay

"You can list all kinds of things on EBay, right? Secondhand books. Vintage clothes couches, but dinosaur fossils. Yup. You can make good money selling fossils online. But that does not sit well with some scientists Cardiff Garcia and Stacey Vanik Smith. They are hosts of NPR's podcast, the indicator from planet money, and they've got the story of one guys attempt to e sell a tab Ranna Storace. Rex here is the specific EBay listing for the T. Rex it. Reads young baby t Rex dinosaur fossil the price two point nine five million dollars. So first question who has a T Rex to sell on EBay? I I'm Alan Dietrich. And I'm a professional dinosaur hunter in the US. If you find a dinosaur on your property you own it. It's yours so Fussell hunters like Alan go to fossil country. I went to where they would find the big p Rex's Garfield county, Montana and carting county, South Dakota. The find the person who owns the property where the dinosaur is Andy says, let me look around your land for dinosaur bones. And if I find one I'll give you a cut, Allen's found a lot of fossils this way, including the baby t Rex binding dinosaur bones and selling them to museums and private buyers is how Allen makes money one of the pioneers of this business is Pete Larson. Larson runs. The black hills institute of geological research in South Dakota. So far, we've collected ten different trying to source. Rex skeletons partial skeletons, and that's kind of a record. I guess okay. Pete is being modest there around forty t Rex skeletons that have ever been discovered and Pete has found ten of them. When Pete started out in the fossil business in the late seventies. It wasn't really a job that people had but that changed in the mid nineties when a couple of things happened. I. That's such a good ROY even Spielberg happened. Yes. Even Spielberg happened addressing progresses. Huge hit. And suddenly everybody was super individuals and wanted to hunt for them a number two one of the T Rex is that Pete Larson found a T Rex named sue fetched more than eight million dollars from a buyer and people thought, whoa. There was real money to be made in dinosaurs. And suddenly Montana and South Dakota. We're just like crawling with fossil prospectors and fossil hunting win from this kind of sleepy shoestring academic pursuit to a pretty hot little business. Allen Dietrich is hoping to get a premium for son of Samson because it's the only known baby t Rex. So I'm looking at it. Now, it's two point nine five million approach to cheap. You probably it's priced to move. And sale. Yeah. Now, the for profit fossil business has caused a lot of controversy among museums and the academic community because some of the people hunting just have no qualifications. So they can end up easily destroying priceless fossils. But Larson says the fossil market has to evolve with the times without these private collectors. Most museums would not be able to get real fossils for exhibit, the EBay place seems to be working Allen dietrick says he's got an offer. Who is it a good offer? Well, I'm gonna use a double entendre with you. Okay. It's a bona fide. Stacey Vanek Smith Garcia NPR news.

Pete Larson T Rex REX South Dakota Ebay Alan Dietrich Montana NPR Stacey Vanek Smith Allen Dietrich Allen Ranna Storace Allen Dietrick United States Cardiff Garcia Stacey Vanik Smith Spielberg Garfield County Fussell
"stacey vanek smith" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:26 min | 3 years ago

"stacey vanek smith" Discussed on WNYC 93.9 FM

"We could see some showers and thunderstorms mainly later on this morning after eleven o'clock, otherwise mostly cloudy with a high near sixty five degrees. It's morning edition from NPR news. I'm 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 had 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 Goss, 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 salesman is one of the lawyers that filed a lawsuit in new. New York to eliminate the sales tax on Mensur products back in two thousand sixteen salesman. And her team argued these products are 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. New York, we do not pay it anymore. Yeah. But many other women in other states do pay and overtime that 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 the US couldn't afford MetroPCS at least once a year and nearly half of them struggled 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 Tampax needs to stay, but when you start moving into this world of exemptions you 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 bagging twenty six. 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 Vanek Smith NPR news..

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

KQED Radio

01:46 min | 3 years ago

"stacey vanek smith" Discussed on KQED Radio

"KqeDorg/donate and do exactly that at that website. The time now is eight forty six. It's morning edition from NPR news. I'm Steve Inskeep. And I'm David Greene. It was really cold and much of the country last week like really cold thief. River falls, Minnesota recorded minus seventy seven Fahrenheit one night. But how can you measure the costs of extreme weather, Stacey Vanek Smith and card Garcia from planet. Money's the indicator podcast. Tell us what happens to the economy when it rains or hails or gets really cold outside North Dakota, South Dakota, Iowa and New Hampshire also temperatures in the negative double digits last week. The culprit the infamous polar vortex, basically. A weather system that is usually above the North Pole came here to visit us in the US. Andreas prion is a research scientist at the center for atmosphere. Iq research studies extreme weather for a living, and he looks at the different impacts that the weather can have what is the economic effects of extreme weather. It's really big is climate change is causing more intense. Big storms like hurricanes, and these storms are more expensive than they used to be both because they're more intense. And also because there are more people moving to areas that are affected by extreme weather places, like New York and Florida the biggest economic sector in the US is coming from hurricane. So for example, if he talked to insurance industry they're most concerned about Atlantic hurricanes when they hit the east coast. Andrea says that seventeen of the twenty most expensive and damaging cyclones that we've had have occurred in the last twenty years. He says it hurricanes Katrina sandy Harvey and Maria all caused between roughly seven. Billion and one hundred and twenty five billion dollars each in damages.

US Steve Inskeep research scientist Stacey Vanek Smith Andrea David Greene North Dakota NPR North Pole River falls Katrina sandy Harvey New York South Dakota Minnesota Money New Hampshire Garcia Atlantic
"stacey vanek smith" Discussed on KQED Radio

KQED Radio

01:39 min | 3 years ago

"stacey vanek smith" Discussed on KQED Radio

"It's morning edition from NPR news. I'm Steve Inskeep. And I'm David Greene. It was really cold and much of the country last week like really cold thief. River falls, Minnesota recorded minus seventy seven Fahrenheit one night. But how can you measure the costs of extreme weather, Stacey Vanek Smith and Cardiff Garcia from planet. Money's the indicator podcast. Tell us what happens to the economy when it rains or hails or gets really cold outside North Dakota, South Dakota, Iowa and New Hampshire also temperatures in the negative double digits last week. The culprit the infamous polar vortex, basically a weather system that is usually above the North Pole came here to visit us in the US Andreas prion is a research scientist at the center for atmospheric research. He studies extreme weather for a living. And he looks at the different impacts that the weather can have what is the economic effects of extreme weather. It's really big is this climate change. Is causing more intense big storms like hurricanes and these storms are more expensive than they used to be both because they're more intense. And also because there are more people moving to areas that are affected by extreme weather places, like New York and Florida the biggest economic factor in the US is coming from hurricane. So for example, if he talked to insurance industry most concerned about Atlantic hurricanes when they hit the east coast. Andrea says that seventeen of the twenty most expensive and damaging cyclones we've had have occurred in the last twenty years. He says it hurricanes Katrina sandy Harvey and Maria all caused between roughly seventy billion one hundred and twenty five billion dollars each in damages.

US Steve Inskeep Stacey Vanek Smith Andrea NPR David Greene North Dakota North Pole River falls research scientist Katrina sandy Harvey Cardiff Garcia New York South Dakota Minnesota Money Atlantic New Hampshire
"stacey vanek smith" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:12 min | 3 years ago

"stacey vanek smith" Discussed on WNYC 93.9 FM

"We'll have some patchy drizzle before noon today. Otherwise, a cloudy day with a high near forty seven degrees. This is WNYC at five forty five. It's morning edition from NPR news. I'm Steve Inskeep. And I'm David Greene. It was really cold and much of the country last week like really cold thief. River falls, Minnesota recorded minus seventy seven Fahrenheit one night. But how can you measure the costs of extreme weather, Stacey Vanek Smith and Cardiff Garcia from planet. Money's the indicator podcast. Tell us what happens to the economy when it rains or hails or gets really cold outside North Dakota, South Dakota, Iowa and New Hampshire all saw temperatures in the negative double digits last week. The culprit the infamous polar vortex, basically a weather system that is usually above the North Pole came here to visit us in the US Andreas prion is a research scientists at the center for atmosphere IQ research, he studies extreme weather for a living. And he looks at the different impacts that the weather can have what is the economic effects of extreme weather. It's really. Big is climate change is causing more intense. Big storms like hurricanes, and these storms are more expensive than they used to be both because they're more intense. And also because there are more people moving to areas that are affected by extreme weather places, like New York and Florida the biggest economic factor in the US is coming from hurricane. So for example, if he talked to insurance industry they're most concerned about Atlantic hurricanes when they hit the east coast. Andrea says that seventeen of the twenty most expensive damaging cyclones we've had have occurred in the last twenty years. He says it hurricanes Katrina sandy Harvey and Maria all caused between roughly seventy billion and hundred and twenty five billion dollars each in damages.

US Steve Inskeep Stacey Vanek Smith WNYC Andrea David Greene North Dakota NPR North Pole River falls Katrina sandy Harvey New York Cardiff Garcia Minnesota South Dakota Money Atlantic New Hampshire
"stacey vanek smith" Discussed on KQED Radio

KQED Radio

03:24 min | 3 years ago

"stacey vanek smith" Discussed on KQED Radio

"I'm Steve Inskeep. And I'm Rachel Martin the ongoing trade dispute between the US and China is clearly having an economic economic impact on both countries. But tariffs can also affect people on an individual level. Nowhere is that more. Parent than in America's agriculture communities. Stacey Vanek Smith and Cardiff Garcia hosts of the podcast, the indicator from planet. Money spoke with one farmer whose livelihood is now on the frontlines of a trade war, David Reid farms, more than two thousand acres of peanuts and cotton here in Pinehurst Georgia and with his crop started coming in last year, he says it was glorious. We had to bisque crop. We ever had in years. And then starting over the summer a couple of things happened. I a trade war broke out the US impose tariffs on Chinese goods and China retaliated with import taxes of its own among the US goods at China. Started taxing were peanut butter and cotton, basically, everything they grow in this part of Georgia. And then a couple of months later this happened. Are there in Brooklyn live here in Destin, Florida where we are covering the official landfall of hurricane Michael feel Rossi? I'm sorry. I. Gory for. David lost about a third of his cotton crop and a couple of fields of peanuts to peanuts. Grand? That's what was left after the storm peanuts. Grow underground like potatoes. And this field has peanuts all over the dirt. David picked a couple of. But they were rotten from all the water from the storm show kind of soft partners hands. That was a good peanut when it came to just math. We didn't get picked to at stone. He the peanuts and cotton that did survive walk straight out of storm and into a trade war, China's peanut butter and cotton orders from the US collapsed overnight and the price that David was getting for his peanuts and cotton both fell by about thirty percent. And what had been shaping up to be one of the best years in David's entire farming career turned into one of the worst years ever seen? You know, we had planned to make a lot of money this year, but lower didn't see fit, but hopefully, we're going to break even break. Even and David says, he is one of the lucky ones, they sometimes just worried, you know, I've heard him say, I don't know if I'm gonna survive this or not, you know, is is heartbreaking David says the economic effects of the storm the tariffs haven't just hit the farmers. They've hit the whole area is hurting the whole community and equipment dealer in the guy down. Treat with the hardware store and everybody suffers in spite of everything though, David actually supports the tariffs at that. Well, that's not good for the farmer now. But I think it's the right thing to do, you know, and I think President Trump done, right. Thank in mafia union. I think he did a good thing. David thinks the macro economic issues between the US and China are important enough. That the sacrifice bills worth it to him. Now, the government is providing millions of dollars in aid to cotton farmers and supplementing a lot of the peanut losses. It doesn't make up for everything doesn't make up for all the losses. But David says he is not going to switch to another crop. Neither is anybody. He knows they're going to continue growing cotton. And peanuts just like always why is that? You know, it's what they've always done..

David Reid farms US China Steve Inskeep Pinehurst Georgia Rachel Martin America Stacey Vanek Smith hurricane Michael Florida Trump Cardiff Garcia Rossi President Brooklyn official Destin two thousand acres thirty percent
What's holding back Russia's economy?

The Indicator from Planet Money

07:58 min | 4 years ago

What's holding back Russia's economy?

"Put that into perspective that is slightly smaller than the economy of the state of Texas and about the size of New York state's economy. California's economy more than fifty percent bigger than the Russian economy. And in a lot of ways, it seems like Russia's economy should be a lot bigger than this, especially given some of its natural resources. Russia is one of the. Top three producers of oil in the world. It's one of the biggest producers of natural gas and it has huge reserves of nickel, aluminum, palladium, yes, rush again, be Biegel. Russia should be Sergei Alica Shanka is an economist with the Brookings Institution. He also served as the deputy chair of Russia's central Bank in the nineties and circuses to understand where Russia's economy is now, you're actually have to go back to the nineties Cold War had distended. It was a new chapter for Russia's economy. The transition from plan centralized socialist economy to a more open economy was wrenching in chaotic and full of cronyism and corruption. But eventually companies from all over the world did start coming into Russia, like Pepsi Dannon, BP, McDonald's, and starting row nineteen ninety nine. The Russian economy also started benefiting from oil prices which started going up and up and up and Russia's economy followed. This was just as a young ambitious official name. Vladimir Putin became the prime minister. The beginning of the twentieth century was maybe the best of the most successful period old Soviet Russia, economic history between nineteen ninety and two thousand eight Russia's economy tripled in size, and then the global financial crash happened Russia's economy tanked, and it's bounced around a lot since then. Now the Russian economy though is about the same size as it was a decade ago, did that's may be the most painful side of the story that Russian economy lost momentum. This momentum. Meanwhile countries like the US, Germany and China have recovered and grown since then. So what happened to Russia? Sergei says there are three major obstacles that have held Russia back from the global economic party. Of course, the major problem for the Russian economy was they declined oil. Prices. Oil is Russia's biggest industry by a mile. It's the government's biggest source of revenue. So when oil prices fell during the financial crash from a high of more than one hundred, four. Eighty seven dollars a barrel to about thirty dollars a barrel. It devastated Russia's economy. An oil prices have fluctuated a lot in the time since and they are pretty high right now, but selling oil has gotten more complicated for Russia which brings us to the second reason that Sergei says that Russia's economy has stalled, wisdom, sanctions below, can access to financial markets and imposing something on foreign direct investment going to Russia western sanctions. These were put in place in two thousand fourteen after Russia invaded Ukraine. The US and other western nations tried to get Russia to pull out of Ukraine by blocking it from doing business with many foreign companies. Putin refused to negotiate the sanction state in place for the last four years. Russia has been cut off from a lot of foreign trade and investment investment. These, like if you'll for your car, if you have fuel, you may dry. Your engine will walk. If you have no investment, economic will grow. But circa says the biggest thing holding back. Russia's economy is not oil prices or even sanctions. It's something a lot closer to home elect of pro property right protection, a lack of proper property right protections. Sergei says this makes doing business in Russia, very uncertain. Even for Russians, you might have thriving business doing really well and making lots of sales, and the state could just take it or someone with connections could just take it and there's not that much you can do. So it's it's worries about corruption that it's actually these corruption is only

Russia Sergei Alica Shanka Russia Akers Soviet Russia Vladimir Putin United States Exxon Mobil FBI President Trump California Garcia Cronyism Brookings Institution Russia. Stacey Vanek Smith Moscow New York
What’s the Yield Curve? ‘A Powerful Signal of Recessions’ Has Wall Street’s Attention

Think Realty Radio

01:55 min | 4 years ago

What’s the Yield Curve? ‘A Powerful Signal of Recessions’ Has Wall Street’s Attention

"Showers and thunderstorms are likely for the new york city area today some of the storms could produce gusty winds heavy rain and frequent lightening highs near eighty five degrees but then clearing tonight and it goes down to around sixty five degrees in a beautiful weekend tomorrow saturday sunny highs near seventy seven degrees and then on sunday it'll be sunny with a high near eighty three degrees right now seventy seven degrees light rain falling in new york city from wnyc this is money talking on charlie herman recently it seems there's been an increase in people talking about this thing called the yield curve yield you'll curve wonderful yield curve the socalled inverted yield curve likes unless you work in finance you may be asking yourself what in the world are they talking about and do i really care well the answer is yes you should because this economic indicator has for decades predicted recessions and right now while we all should be paying attention and i have the perfect people to explain to you just what the yield curve is i'm stacey vanek smith and i'm cardiff garcia there the co host of npr's the indicator from planet money in cardiff would it be saying bit too much that you're kind of obsessed with the yield curve now i believe the question is directed at me amazing indicators so important here's the deal it's possible that you can say that i'm obsessed with the yield curve but the better question you should be asking yourself charlie is why isn't everybody else obsessed with the yield curve is a phenomenal economic indicator in one that i think has gone underrated for far too long okay but what exactly are we talking about here it's interest rates but it has to do with a very specific type dealing with government debt that's exactly right so these are interest rates on government debt that debt is also referred to sometimes as treasuries the government can issue this debt with different maturity and that just has to do with how long it takes for the government.

Charlie Herman Garcia NPR Cardiff New York Wnyc Stacey Vanek Seventy Seven Degrees Eighty Three Degrees Eighty Five Degrees Sixty Five Degrees