Slate Money

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

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

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

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

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

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

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

This week: the Longshoremen’s strike is over, and economic disaster has been averted. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the strike, sketchy union leader Harold Daggett, and how the White House put its thumb on the scales to help cut a deal. Also: OpenAI just had a $6.6 billion investment round, but the company is bleeding losses. Then: Dish Network wants to buy DirecTV for $1, but the bondholders who own its billions in debt might kill the deal. In the Plus bonus mini-episode: It's a chicken tender world, and we’re just livin’ in it. The hosts discuss how chicken tenders (and nuggets and fingers) came to dominate American dining. (Even if Felix never eats at those sorts of places.) Then — bonus within the bonus — Felix and Emily get into a debate about Long Island pizza vs. Manhattan pizza. 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. Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

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

This week: the tragic tale of Nike, Foot Locker, and Bed Bath and Beyond. Bloomberg’s Kim Bhasin joins Felix Salmon, Emily Peck, and Elizabeth Spiers to discuss his recent piece on the downfall of the Nike brand and the peril of direct-to-consumer marketing. Then, they discuss Kim’s other feature on Jamie Salter, the man who made a fortune buying up mall “zombie brands” like Izod and Brook’s Brothers. Finally: The DOJ is suing Visa for monopolistic practices, but will it mean anything or ordinary consumers? In the Plus bonus mini-episode: Three Mile Island is back, baby! The hosts discuss Mincrosoft’s power purchase agreement that involves switching on the defunct nuclear plant and Americans’ troubled relationship with nuclear in general. 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. Public.com+Public Investing Disclosure: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mortgage rates are down! Inflation is less inflation-y! Felix Salmon, Emily Peck, and Elizabeth Spiers discuss what the Fed’s interest rate cut means for the American economy — and American voters. Also: Trump is promising tax cuts like there’s no tomorrow, but are any of them good ideas? And Axel Springer is spinning off its media empire in yet another news business shakeup. In the Plus bonus mini-episode: Tupperware is bankrupt, but it shall live on in the underground communist container-sharing network. Here’s a link to the Yukiko Morita bread lamps Emily mentioned in the numbers round. 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. Public.com+Public Investing Disclosure: Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

For this Money Talks, Emily Peck chats with Rumaan Alam, author of Leave the World Behind. His new novel Entitlement explores what happens when normal people enter the lives of the super-rich. Rumaan and Emily discuss class, opportunity, and how the ego and conceit of wealth can be contagious. 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 and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Next up in Boeing’s year of hell: A worker strike. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the planemaker’s endemic labor issues, whether just snacking around is better than eating full meals, and how banks convinced the Fed to reverse course on Basel III Endgame regulations. In the Plus bonus mini-episode, the hosts talk about the rise and fall of hotel room service and the allure of breakfast in bed. Podcast production by Jared Downing and Cheyna Roth. 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. Public.com+Public Investing Disclosure: Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers debate one of the great questions of our time: Do Gen Zs even get checks? They can write them at least, as proved by the recent Chase check fraud TikTok fad. Also: the “founder mode” trend has Silicon Valley types in a tizzy, but does it apply to women CEOs? And what’s Japanese knotweed, and why is it destroying Elizabeth’s house? In the Plus bonus mini-episode, the hosts talk about the rise and fall of hotel room service and the allure of breakfast in bed. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Jared Downing and Cheyna Roth. Public.com+Public Investing Disclosure: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

For this Money Talks, it’s all fun and games…and lots and lots of money. The Puzzmo game designer speaks with Felix Salmon about how to make addicting, viral pastimes that turn a profit. They discuss what made Wordle such a breakout hit, how to make games for both bad and good players, and the strained relationship between art and profit. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the lawsuit against RealPage, a software company the DOJ says helps landlords collude to keep rents too damn high. Also: Was Nvidia’s earnings report worth the hype? And Australia got a new “right to disconnect.” Will Americans ever get to unplug? In the bonus mini-episode, the hosts debate whether airports should limit alcohol and the promise and peril of drinking on planes. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Jared Downing and Cheyna Roth. Public.com+Public Investing Disclosure: Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss Disney’s disastrous attempt to block a man from seeking justice for his deceased wife and the impact of the forced arbitration clauses most of us sign. Also: The political fallout of Kamala Harris’ vague remarks on price control and the White House’s “vibe-rarian,” and what the rise of sports betting means for the financial well-being of ordinary Americans. In the Plus bonus episode: Will a new CEO be a much-needed espresso shot for Starbucks…or another stale cup of decaf? If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Jared Downing and Cheyna Roth. Public.com+Public Investing Disclosure: Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you save a region from an economic tailspin? For this Money Talks, Felix Salmon chats with Paul Collier, author of The Bottom Billion and, most recently, Left Behind: A New Economics for Neglected Places. They discuss the economic and political forces that drag countries and regions to the bottom — and how they might be saved. Paul gives examples across time and geography, from Cold War-era Germany to modern-day Africa. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an exclusive bonus mini-episode with every regular episode of Slate Money! You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, author and data journalist Nate Silver joins Felix Salmon, Emily Peck, and Elizabeth Spires to discuss his new book On the Edge: The Art of Risking Everything, a deep dive into the risk-taking class that shapes modern society. They discuss the low-risk world of “the village,” and the community of high stakes, go-big-or-go-home investors on “the river.” How do these reams affect investments, AI, and politics? In the Plus segment: Nate gives his election forecast and the hosts debate how the media handled Joe Biden’s age concerns. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Felix Salmon is joined by guest hosts Shira Ovide of the Washington Post and Anna Szymanski of Reuters to discuss Japan’s market chaos, the guilty verdict in Google’s monopoly case, and whether Boeing’s new CEO can fly the company out of a storm of troubles. In the Plus bonus episode: The hosts go to the Mountain Dew belt to discuss the state of soda and the rise of non-alcoholic beer. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices