
Since the pandemic, younger adults have become wealthier than older generations. That’s according to a new analysis from the Federal Reserve Bank of New York. Guest host Amy Scott joins us to discuss how that happened and what the stock market has to do with it. Plus, why there might be trouble ahead for regional banks. And, a look inside the world of competitive speed puzzling.
 
Here’s everything we talked about today:
 



“Young Americans’ Wealth Growth Outpaces Older Generations Since Pandemic” from Bloomberg



 



“Wealth Inequality by Age in the Post-Pandemic Era” from Liberty Street Economics



 



“Why One Shaky Bank Is Stirring Fears of a Wider Financial Mess from The New York Times



 



“Yellen Says Commercial Property Is a Worry, But Regulators Are on It” from Bloomberg



 



“Polar bear sleeping on iceberg wins Wildlife Photographer of the Year award” from The Washington Post



 



“For top jigsaw puzzlers, 500 pieces in an hour is no problem” from The Washington Post




 
Got a question for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.


The young (wealthy) Americans

Each weekday, Marketplace’s Kai Ryssdal and Kimberly Adams make today make sense. Along with our supersmart listeners, we break down happenings in tech, the economy and culture. Every Tuesday we bring on a guest to dive deeper into one important topic. Because none of us is as smart as all of us.

Business

Investing

Careers

Management & Marketing

Business News

Shopping

News

More tariffs from the Joe Biden administration on Chinese goods are on the way, and he gave his blessing to some Trump-era tariffs. We’ll break it down. Plus, why a story about a local public library becoming an adults-only space may be a warning of things to come. Later, we’ll weigh in on Chuck E. Cheese’s animatronic band, whales sinking yachts and “quiet vacationing” during a round of Half Full / Half Empty!
Here’s everything we talked about today:

“Biden Extends Tariff Exemptions on Some Imports From China” from Bloomberg
“Donnelly Public Library announces it will become adults-only library, cites Idaho Legislature’s library bill” from KTVB
“Employers can offer a new benefit: Matching student loan payments with 401(k) contributions” from Marketplace
“After Outcry, Chuck E. Cheese Says It Will Keep More Animatronic Bands” from The New York Times
“The Mad Scientist and the Killer Whales” from Rolling Stone
“The restaurant reservation resale game is on the rise in New York City” from Marketplace
“Some younger workers are ‘quiet vacationing’ rather than using PTO” from Marketplace

Time is running out! Donate today to help us reach our fundraising goal and support public service journalism for all: support.marketplace.org/smart-sn

Biden doubling down on tariffs


After Israel threatened to cut ties between Israeli and Palestinian banks, Treasury Secretary Yellen warned it could worsen the humanitarian crisis in Gaza and create economic instability in the West Bank. We’ll also explain one reason why U.S. military spending is so high, get updates on the AI economy’s hot shot, Nvidia, and the U.S. government’s battle against Big Ticket.
 
Here’s everything we talked about today:
 



“Yellen Warns Israel Against Cutting off Palestinian Banks” from The New York Times
“Yellen concerned about Israel’s threats to cut off Palestinian banks” from Reuters
VIDEO: “VIRAL MOMENT: Michael Waltz Confronts Air Force Officials With Staggeringly Expensive Components” from Forbes Breaking News
“Pentagon falling victim to price gouging by military contractors” from CBS News
“New Bipartisan Bill Allows Military Contractors To Fleece Taxpayers” from The Lever
“Nvidia dominates in AI, but others are trying to chip away” from Marketplace
“US sues to break up Ticketmaster and Live Nation in a groundbreaking monopoly lawsuit” from CNN Business




 
Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks and play a round of Half Full/Ha


How the Palestinian financial system is tied up in Israel

Red Lobster, the popular seafood chain, filed for Chapter 11 bankruptcy protection this week after closing dozens of locations. We’ll get into the company’s yearslong troubles and why its unlimited shrimp deal isn’t entirely responsible for the chain’s downfall. Then, we’ll discuss the challenges of battling misinformation in today’s fractured media landscape. Plus, WNBA players are slaying designer looks and defying stereotypes of women in sports.
Here’s everything we talked about today:

“Tales From the Trenches of Red Lobster’s Endless Shrimp.” from Slate
“Why Red Lobster Filed for Bankruptcy: It Wasn’t the Endless Shrimp” from Eater
“As Red Lobster files for bankruptcy, changing tastes take a toll on its casual-dining competitors” from Marketplace
“Majority of Americans wrongly believe US is in recession – and most blame Biden” from The Guardian
“How Arizona is preparing for AI-powered election misinformation” from Marketplace
“The WNBA Has Teamed Up With High Fashion. It’s a Slam Dunk” from The Daily Beast
“General election latest: Rishi Sunak announces 4 July vote in Downing Street statement” from BBC
Video of UK Prime Minister Rishi Sunak announcing general election from Oz Katerji on X









We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Private equity, endless shrimp and Red Lobster’s decline


Over the last 50 years, an ideology known as neoliberalism has transformed the American economy — for better or worse. The concept is often associated with Ronald Reagan, free markets and deregulation. But legal scholar Mehrsa Baradaran says there’s a lot we get wrong about the origins of neoliberalism and its true impact on society. On the show today, Baradaran, author of the new book “The Quiet Coup: Neoliberalism and the Looting of America,” explains what neoliberal ideology promised to do for the American economy, what it actually did and why she believes that looking to the free market might, ironically, be the only way forward.
 
Then, why actress Scarlett Johansson isn’t cool with OpenAI’s new chatbot. And we’ll hear the sounds of cicadas!
 
Here’s everything we talked about today:

“Opinion | The Neoliberal Looting of America” from The New York Times
“What is neoliberalism? A political scientist explains the use and evolution of the term” from The Conversation
“Opinion | Time is up for neoliberals” from The Washington Post
“Learning how to use AI could boost your pay by 25%, study finds” from CNN Business
“Scarlett Johansson says OpenAI chatbot voice ‘eerily similar’ to hers” from Reuters

 
We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.


Neoliberalism’s sleight of hand

Today, we’re talking about the different efforts to invest in artificial intelligence. First up, guest host Lily Jamali breaks down Argentina’s endeavor to turn the country into an AI hub. Then, we’ll discuss the use of AI and deepfakes in India’s election in an attempt to reach voters. Later, we’ll smile about America’s first Black astronaut candidate finally taking a trip to space.
Here’s everything we talked about today:

“Argentina’s Milei Plans to Meet With Zuckerberg at End of May” from Bloomberg
 “Indian Voters Are Being Bombarded With Millions of Deepfakes. Political Candidates Approve” from Wired
 Marketplace’s Decoding Democracy election series
“Dirty Dancing, Back to the Future and E.T. Voted Best 80s Films: Poll Reveals Top 40 Movies From Big-Hair Days” from Good News Network
“Ed Dwight Goes to Space 63 Years After Training as 1st Black Astronaut” from The New York Times
“Can life exist on Europa, Jupiter’s moon?” from Marketplace

We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

The young (wealthy) Americans

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