Slate Money

This week: Elon Musk and Vivek Ramaswamy have a lot of “plans” for the D.O.G.E. Emily Peck, Elizabeth Spiers, and Anna Szymanski discuss the suspect promises of the Trump-appointed heads of the Department of Government Efficiency. Then, Bitcoin is at a record high right now, though the value of crypto remains uncertain. Also, AI clones are being used to apply to jobs and even find us dates, but are they doing it well?

In the Slate Plus episode: New York City has passed a bill preventing landlords from charging tenants for broker’s fees. Finally!

Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.

Podcast production by Jessamine Molli and Cheyna Roth.

Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more.

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In this Money Talks: how did Victoria’s Secret go from hot to not? Emily Peck is joined by Lauren Sherman and Chantal Fernandez, authors of Selling Sexy: Victoria’s Secret and the Unraveling of an American Icon to discuss the origins of the ubiquitous bra retailer, its role in the rise of fast fashion, and how the brand successfully reflected the culture–until it suddenly didn’t. 

Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.

Podcast production by Jessamine Molli and Cheyna Roth.

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This week: The markets had a big reaction to Trump’s win. Emily Peck, Elizabeth Spiers, and Anna Szymanski discuss what traders are actually betting on and how a Trump economy will affect consumers. Then, Anna breaks down the collapse of Germany’s government and what it means for Europe’s economy. Also: Reddit stock is doing great. But why is it still so popular? The hosts discuss the refreshing relatability and searchability that has kept the platform on top.

In the Plus episode: After a week of anxiety, doomscrolling, and disappointment, the hosts discuss what they’re doing to distract themselves from the news.

Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.

Podcast production by Jesssamine Molli and Cheyna Roth

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This week: Readers aren’t buying Jeff Bezos’ claim that killing the Washington Posts’ presidential endorsement wasn’t from his own business interests. Emily Peck, Elizabeth Spiers, and Anna Szymanski weigh in on how the move may or may not help Bezos and what the WaPo boycott can actually accomplish. Also: How would a Trump victory affect the economy? Badly, economists say. Finally: Facebook laid off two dozen workers for abusing their free GrubHub vouchers as companies crack down on perk abuse.

In the Plus segment: The New York Times took a sympathetic look at the parents of Sam Bankman-Fried and other jailed FTX execs. Our hosts found it to be pandering to the anxieties of the paper’s white, suburban readers. How much sympathy do the parents of 30-something corporate crooks really deserve? 

Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.

Podcast production by Jared Downing and Cheyna Roth.

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In this Money Talks: the man who would bet billions on a coin toss. Host Felix Salmon chats with Lionel Barber, whose new book Gambling Man: The Secret Story of the World’s Greatest Disruptor, Masayoshi Son reveals how the man who backed Alibaba became the world’s biggest maverick investor, throwing fortunes at enterprises that could either succeed spectacularly or go down in flames.

Podcast production by Jared Downing and Cheyna Roth.

Want more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.

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This week: How do you buy an election? Throw a sweepstakes! Emily Peck, Elizabeth Spiers, and Rueters’ Anna Szymanski (filling in for Felix Salmon) discuss Elon Musk’s scheme to get potential Trump voters to the ballot box and the maneuverings of the campaign finance industrial complex. Next, they discuss a French gambler whose massive bet on the election may affect Trump’s real-world odds. Finally: Many Americans report living “paycheck to paycheck,” even though they have savings and splurge on luxuries.

In the Plus bonus mini-episode: Keurig Dr. Pepper plans to spend more than a billion dollars on the Ghost energy drink company. The hosts discuss what’s powering the energy drink renaissance and how some hyper-caffeinated, sugary beverages are managing to brand themselves as health and fitness drinks — and what it’s doing to the Gen Zs swallowing the bait.

Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.

Podcast production by Jared Downing and Cheyna Roth.

Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more.

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In a very special election season Money Talks: Trump was never that good at business. How did he fake it till he made it? New York Times reporters Russ Buettner and Susanne Craig explain in their book Lucky Loser: How Donald Trump Squandered His Father’s Fortune and Created the Illusion of Success. They speak with host Emily Peck to discuss Trump’s early business missteps, the right-place-right-time happenstances that made him a reality star, and whether or not he might actually have talent…if only for deception and scams. 

Podcast production by Jared Downing and Cheyna Roth.

Want more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.

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This week: Big trouble in not-so-little China as the second-largest economy tries to get out of its post-COVID funk. Emily Peck, Elizabeth Spiers, and Reuters’ Anna Szymanski (filling in for Felix Salmon) discuss China’s new economic stimulus measures, which might be too-little, too late. They also discuss the secretive family behind Boar’s Head and a Sherwood piece about a mysterious $7 billion estate tax. Finally, Josh Levin joins to discuss the new season of Slow Burn, which explores how Fox News hijacked American politics.

In the Plus bonus mini-episode: Starbucks wanted to be a classy Italian espresso house, but it became a modern milkshake shop for teens to loiter and flirt. Are its sugar and caffeine-packed drinks bad for otherwise upstanding youths? Or is it good they’re hanging at the ‘Bucks rather than seedier haunts?

Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.

Podcast production by Jared Downing and Cheyna Roth.

Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more.

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For this Money Talks, it’s time to turn the rat race into a rat walk on the beach. Brigid Schulte, author of Over Work: Transforming the Daily Grind in the Quest for a Better Life, speaks with about America’s toxic relationship with labor in which employees at all levels are underpaid, under-rested, and over-hustled. They discuss what America can learn from work cultures in other countries and what it will take to achieve the four-day workweek. 

In this Money Talks: The pandemic wrecked global supply chains — but they were already set up for disaster. Peter S. Goodman, author of How the World Ran Out of Everything: Inside the Global Supply Chain, speaks with Emily Peck about the failure of the “just-in-time” logistics model, how a global shipping cartel is suffocating small exporters, and how another pandemic-style supply chain breakdown could leave store shelves empty once again.

Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes for each regular Slate Plus episode. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the Slate Money show page. Or, visit slate.com/moneyplus to get access wherever you listen.

Podcast production by Jared Downing, Cheyna Roth, and Patrick Fort.

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This week: Big storms are the new norm, and they’re costing America big time. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the economic toll and surging insurance coasts of climate change. They also examine the curious case of a Canadian carpenter who made and lost a fortune on Tesla options, and Felix reveals what he’ll be up to on his upcoming sabbatical. In the Numbers Round, Emily discusses a Subtack that charts the most well-connected actors.

In the Plus bonus mini-episode: WordPress is a nonprofit foundation that supports around 40% of the internet, but its for-profit arm has locked horns with a major competitor. The hosts join Slate’s Nitish Pawah to discuss the battle between Automattic and WP Engine with the fate of a chunk of the web in the balance.

Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the Slate Money show page. Or, visit slate.com/moneyplus to get access wherever you listen.

Podcast production by Jared Downing and Cheyna Roth.

Learn more about your ad choices. Visit megaphone.fm/adchoices