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The Farm Bureau says Thanksgiving meals will cost a bit less than they did in 2022. But everyone experiences the economy differently. So we talked to last-minute grocery shoppers in Houston about the prices of holiday essentials, from turkey wings to mac and cheese ingredients. Also in this episode: Google makes a business out of CAPTCHA puzzle data, the FCC wants to ban cable cord-cutting fees and OPEC+ delays a key meeting.
Next week marks one year since ChatGPT debuted, kicking off a surge in generative artificial intelligence products. In just a year, AI has gone from a futuristic concept to a tool tons of companies have incorporated into their workflows. In this episode, the growth in AI use and why some people still don’t trust it. Plus, homebuyers are getting older, migrants who lack work permits are desperate to find jobs and more Americans are pulling cash out of their retirement accounts.
OpenAI, the company behind ChatGPT, ousted its CEO Sam Altman last week. Chaos ensued. Now, although Altman has already scored a job at Microsoft, most of OpenAI’s employees are threatening to quit if he isn’t reinstated. In this episode, we’ll talk about what could be next, from an employment shakeup to more regulations. Plus, SNAP approval in some states takes months, Argentina’s president-elect wants to swap the peso for the U.S. dollar, and applications to borrow money are down.
There is a provision in the newly passed farm bill extension has enemies across the political spectrum: the Federal Crop Insurance Program. Left-leaning groups believe it doesn’t reach a breadth of farmers, and conservative ones think it encourages unnecessary risk. But some farmers rely on the program and say without it, food prices would skyrocket. Also in this episode, Apple plans to make it easier for iPhone and Android users to connect, and Utah is on top when it comes to labor force participation.
At last, the labor market is showing signs that it’s finding a happy medium: New unemployment claims are inching up while overall unemployment is still at a historic low. While this isn’t the gangbusters labor market of summer 2022, it’s also not the COVID shutdown, with sky-high furloughs and layoffs. In this episode, why slowed hiring is a good sign. Also, retail stories, big and small: big-box stores cut costs where they can, street vendors scrape by and Toyota sticks to hybrids.
Like it or not, economist Milton Friedman had lots of ideas that still affect economic policy and programs. In her new book, “Milton Friedman: The Last Conservative,” Jennifer Burns writes about Friedman’s complicated position as a contrarian among economists of his time and as an adviser to members of the Republican Party. We’ll hear from her about Friedman’s life and economic beliefs. Also in this episode: international student enrollment and discretionary spending.
Climate change may have us spending more on food, health care, home repairs and more, according to the Fifth National Climate Assessment, published by the federal government. The fact is, climate change is already impacting many aspects of our daily lives. In this episode, we’ll talk about how it’ll also impact our wallets. Plus, ESPN launches its sports betting platform, travel should be a little cheaper this holiday season and a leading U.S. port gets updated infrastructure.
Congress is facing yet another government shutdown deadline at the end of this week. If a deal isn’t reached by Friday at midnight, hundreds of thousands of federal workers will stop getting paid, which may have broader economic ramifications. In this episode, we look at what might happen in the event of a shutdown, from airports to the nation’s global reputation. Plus, a shift in how medical spending is calculated for the CPI, a monetary vs. fiscal policy refresher and a war over groundwater in the Southwest.
Consumer sentiment just dropped to a new six-month low, according to the University of Michigan’s consumer survey. But in this post-2020 world, how folks feel about the economy doesn’t always line up with how they spend. In this episode, we’ll dig into that disconnect and how it might affect holiday retail outcomes. Plus, the farm bill expires soon, community college students have trouble transferring credits to four-year institutions and not even the Federal Reserve knows exactly why long-term bond yields are so high.
More than 16 million people signed up for health care coverage last year through federal or state marketplaces, which were made possible by the Affordable Care Act. One reason that number is so high? Subsidies for ACA plans were more generous in 2021 as part of a pandemic relief program. In this episode, we’ll check in on the program’s success. Plus, the creator economy goes untracked by the U.S. government, Albuquerque makes free public transit permanent, and “hot desking” irks workers.
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