Make Me Smart

Make Me Smart

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Make Me Smart episodes

  • The pandemic’s knock-on effects

    American corporations were already borrowing a lot before the COVID-19 pandemic. Then, with the economy all but ground to a halt and money even cheaper, they took on even more debt. On today’s show, we’ll talk about what that means, along with another unexpected dimension of this economy reopening: National Parks packed to the … hills.

    Here’s everything we talked about today (if these links aren’t showing up for you:

    • “Pandemic Hangover: $11 Trillion in Corporate Debt” from The Wall Street Journal
    • “Vaccines Offer Significant Protection Against Covid-19 Delta Variant, U.K. Analysis Shows” also from the Journal
    • “National Parks Are Overcrowded and Closing Their Gates” from, that’s right, The Wall Street Journal
    • “‘Ted Lasso’: How Marcus Mumford and Tom Howe Created the Show’s Transatlantic Theme Song and Score” from The Hollywood Reporter
    • “Amtrak USA Rail Pass Offers 30 Days of Travel for $299” from Insider
    • And finally, this glitch in the simulation
    • 14 min
    • And just like that, we have a Big Tech antitrust bill

      Five of them, actually! We have to eat a little crow here. We’ve been saying for days, months, years that Congress can’t agree on anything much less regulate tech giants like Google, Apple and Facebook. But today lawmakers introduced five bills aimed at reining in Big Tech, and they’re bipartisan. We’ll talk about them, and the likelihood of anything passing, over drinks for today’s Economics on Tap. Plus: Pulitzers, lithium mines and another round of our favorite game, Half Full/Half Empty.

      Here’s everything we talked about today:

      • “In Leak Investigation, Tech Giants Are Caught Between Courts and Customers” from The New York Times
      • This tweet from journalist Alexis Madrigal
      • “Pulitzer Prizes 2021: Darnella Frazier wins special citation from Pulitzer Prize board” from CNN
      • “Congress unveils bills to dismantle tech giants” from Axios
      • “Lithium Americas delays Nevada mine work after environmentalist lawsuit” from Reuters
      • And our Half Full/Half Empty topics: World of Concrete, Bitcoin in El Salvador, “Judge Judy” and the Atlantic Charter
      • Join us on YouTube Fridays at 3:30 p.m. Pacific time/6:30 p.m. Eastern for our live happy hour episode! Subscribe to our channel and sign up for notifications so you don’t miss it.

        25 min
      • Remember MoviePass? The FTC does

        The deal was too good to be true, because it was: A few years ago, MoviePass started offering users unlimited movie tickets for $10 per month. It was an unworkable, growth-focused business model even more extreme than most startups subsidizing post-recession online life, and MoviePass knew it. A Federal Trade Commission investigation found all sorts of shady tactics the company used to keep its most movie-addicted viewers from getting tickets. We’ll talk about it, plus electric trucks, game show history and a new ocean (??) on this not-so-hollowed-out Thursday.

        Here’s everything we talked about today:

        • “Amazon Faces Possible $425 Million EU Privacy Fine” from The Wall Street Journal
        • “Five Former Treasury Secretaries: Fund the IRS” from The New York Times
        • “MoviePass Deceived Users So They’d Use It Less, F.T.C. Says” from the New York Times
        • “Museum to Create a National Archives of Game Show History” also from the Times
        • “Farewell, Millennial Lifestyle Subsidy” from, you guessed it, the New York Times
        • “National Geographic adds 5th ocean to world map” from NBC News
        • For more on millennial lifestyle subsidies, space travel and the trade war with China, check out our newsletter! It comes out every Friday morning. Subscribe and read the latest issue here.

          18 min
        • Should you be worried about ransomware?

          We spent a lot of time on yesterday’s show talking about ransomware attacks against companies, institutions and critical infrastructure. They’re on the rise, but one listener wants to know: what about individuals? Should we be worried about an attack? On today’s show, we’ll tell you not to reuse your password and other helpful answers. Plus, more listener questions about tariffs, vaccine lotteries and day drinking.

          Here’s everything we talked about today:

          • Yesterday’s show on ransomware attacks
          • “How to Protect Your Files From Ransomware” from Wired
          • “U.S. Tariffs Drive Drop in Chinese Imports” from The Wall Street Journal
          • “New Trade Representative Says U.S. Isn’t Ready to Lift China Tariffs” also from the Journal
          • Listen to Kai’s interview with Trade Representative Katherine Tai here
          • “Ohio Vax-a-million: How it’s legal and why the money is being spent on a vaccine lottery” from NBC 4i
          • “Colorado picks first $1 million winner in vaccine drive” from the Associated Press
          • “California to pay $116.5 million in gifts, cash to those who get COVID vaccinations” from the Los Angeles Times
          • Here’s a link to join the fan-run Make Me Smart Discord server!
          • Do you have a question for Whatta Ya Wanna Know Wednesday? Email us at [email protected] or send in a voice memo! Here’s how to do it.

            14 min
          • Ransomware attacks are “death by a 1,000 cuts”

            There was a successful ransomware attack every eight minutes last year, according to one cybersecurity firm. This year’s high-profile attacks — the ones we know about, that is — have disrupted critical infrastructure and had knock-on effects on consumers. On today’s show, we’ll talk with Robert Latiff, author of “Future War,” about the worst-case scenario, why the U.S. is particularly vulnerable and what the federal government needs to do before it’s too late.

            Here’s everything we talked about on the show today:

            • “Are We Waiting for Everyone to Get Hacked?” from The New York Times
            • “U.S. to give ransomware hacks similar priority as terrorism, official says” from Reuters
            • “The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax” from ProPublica
            • “National Donut Day Is In June AND November. But Why Are There 2?” from HuffPost
            • Finally: We need your voice memos! Tell us what you think of the show or ask a question for Kai Ryssdal and Molly Wood to answer! Here’s how to do it.

              28 min
            • Jeff Bezos is going to space

              After putting up the money for his own space company, Blue Origin, Amazon founder Jeff Bezos announced today he’ll be on board its first manned mission. His brother will too. We’ll talk about it, plus more headlines from the future: cryptocurrency ransom, new treatments for Alzheimer’s and a prophetic Prince album.

              Here’s everything we talked about today:

              • “Supreme Court Won’t Hear Case on Limiting Military Draft to Men” from The New York Times
              • “U.S. Retrieves Millions in Ransom Paid to Colonial Pipeline Hackers” from The Wall Street Journal
              • “F.D.A. Approves Alzheimer’s Drug Despite Fierce Debate Over Whether It Works” from The New York Times
              • Measurements of atmospheric carbon dioxide peaked at record levels in May from The Washington Post
              • “Prince’s ‘Welcome 2 America,’ an Unreleased Album, Is Due Out in July” from The New York Times
              • “Jeff Bezos says he will fly into space next month” from Ars Technica
              • 17 min
              • Facebook made its bed and wants Congress to lie in it

                You probably saw the big news from Facebook’s Oversight Board today, upholding former President Donald Trump’s suspension from the platform for two more years at least. But Mark Zuckerberg has more than Trump to deal with today, including antitrust probes from overseas. The company is still begging Congress for regulation which, we gotta say, is pretty rich. Plus, life at AMC after its meme stonk run and another round of our favorite game Half Full/Half Empty.

                Here’s everything we talked about today:

                • “A Black Whiskey Entrepreneur Will Help Bankroll Others Like Her” from The New York Times
                • “AMC Boss Adam Aron Basks in Meme-Stock Spotlight” from The Wall Street Journal
                • “Facebook’s Marketplace Faces Antitrust Probes in EU, U.K.” Also from the Journal
                • “New tech antitrust hurdle: GOP divisions” from Axios
                • “Employees Are Quitting Instead of Giving Up Working From Home” from Bloomberg
                • Plus our Half Full/Half Empty topics: Remote work, Coachella, alcohol to-go, and doughnuts (or is it donuts?)
                • 22 min
                • Wait, the NFL was doing *what*?

                  It’s the first week of summer — culturally, if not meteorologically. Changing of the seasons is a great time to start anew on some things, like redistributing vaccines for example; and to stop doing other things, like Facebook’s policy carve outs for politicians or the NFL’s shocking “race-norming” practice. We’ll talk about all of it, plus a whale vomit jackpot.

                  Here’s everything we talked about today:

                  • “Biden admin reveals plans for first 25 million donated vaccine doses” from Politico
                  • “NFL to halt ‘race-norming,’ review Black claims” from ESPN
                  • “‘Race Norming’ Blamed for Denying Payouts to Ex-NFL Players With Dementia” from the University of California, San Francisco
                  • “Giving people money works. Honestly.” from The Washington Post’s opinion section
                  • “COVID-19 cases hit their lowest point in the U.S. since the pandemic began” from Axios
                  • “Biden called Larry Summers to discuss his economic plans” from The Washington Post
                  • “Facebook to end special treatment for politicians after Trump ban” from The Verge
                  • “Trump deplatforms himself” from Platformer
                  • “Meditation app backs Naomi Osaka after French Open withdrawal, vows to pay player fines” from Fox Business
                  • “Fishermen Net Once-In-Lifetime Find: $1.5 Million Worth of Whale Vomit” from Insider
                  • “United will buy 15 ultrafast airplanes from start-up Boom Supersonic” from CNBC
                  • Finally: We need your voice memos! Tell us what you think of the show or ask a question for Kai Ryssdal and Molly Wood to answer! Here’s how to do it.

                    19 min
                  • How Amazon Sidewalk works (and how to opt out)

                    A few years ago, it might have been an intriguing idea: All the smart speakers, cameras and so on in your home networking with nearby smart home devices in your neighborhood, forming a mesh network so they all work better. But this is 2021 and Amazon is turning on the feature by default. You’d be right to have some questions. Ahead of Amazon Sidewalk’s launch this month, we’ll tell you about the privacy implications and how to opt out. Plus, more listener questions about destroyed currency and cargo ship jail.

                    Here’s everything we talked about today:

                    • “How Amazon Sidewalk Works—and Why You May Want to Turn It Off” from Wired
                    • “Amazon devices will soon automatically share your Internet with neighbors” from Ars Technica
                    • “Egyptian Officials Accuse Ever Given’s Captain of Losing Control of Ship in Suez Canal” from The Wall Street Journal
                    • “Egypt Court Adjourns Suez Ship Case for More Compensation Talks” from Bloomberg
                    • This episode of “Planet Money” goes inside the Mutilated Currency Division
                    • 17 min
                    • Corporate tax doesn’t have to be a “race to the bottom”

                      You might remember our episode on the tax gap, the billions unpaid by some of the richest Americans. Better enforcement of the existing tax law could yield big returns, but that’s just for individuals. Corporations pay taxes too — that is, when they aren’t parking their money in overseas tax havens. To stave off a “race to the bottom” and fund its infrastructure plan, the Biden administration is pushing for a global corporate tax minimum of around 15%. On today’s show, Urban-Brookings Tax Policy Center senior fellow Thornton Matheson talks us through who benefits from the tax trends of the past 30 years, which countries are on board with Joe Biden’s proposed 15% minimum and the chances of it actually happening.

                      27 min

                    About Make Me Smart

                    From the publisher's feed

                    Each weekday, Marketplace’s Kimberly Adams makes today make sense along with her Marketplace colleagues, breaking down happenings in tech, the economy, and culture. Because none of us is as smart as…

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