Planet Money
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- 30 minutes 57 secondsHow hurricanes became a hot investment
A few years ago, the Jamaican government started making an unusual financial bet. It went to investors around the world asking if they'd like to wager on the chances a major hurricane would hit the island in the next couple of years.
In finance terms, these kinds of wagers are called "catastrophe bonds." They're a way to get investors to share the risk of a major disaster, whether that's a Japanese earthquake, a California wildfire, or a Jamaican hurricane.
This market for catastrophe has gotten really hot lately. And it’s changing the way that insurance works for all of us.
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This episode was produced by Willa Rubin and edited by Marianne McCune. It was engineered by Jimmy Keeley and Kwesi Lee. Fact-checking by Sierra Juarez and Vito Emanuel. Alex Goldmark is our executive producer.
Music: Universal Music Production - “Lagos to London,” “Sleazy Does It,” “The Sundown Set.”
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NPR Privacy Policy5 December 2025, 11:54 pm - 18 minutes 56 secondsIs AI slopifying the job market? (Two Indicators)Vote for us in NPR’s People’s Choice Awards: npr.org/peopleschoice
AI is already reshaping how people find work. Fewer entry-level jobs, robot recruiters, and ever-changing new skill requirements all add up to a new, daunting landscape for humans trying to find dignified work.
Today on the show: two stories from the edges of a changing labor market. First we’ll assess claims that AI is causing a white collar job apocalypse. What does the data actually say? We meet an economist who has found one small but fascinating way to measure the impact of AI on workers.
Then, we go face-to-face, or at least voice-to-voice, with AI. We meet a robot recruiter for a job interview and find cause to ask, ‘When might that actually be preferable to a human recruiter?’
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The original Indicator episodes were hosted by Wailin Wong, Darian Woods, and Adrian Ma. They were produced by Cooper Katz McKim and engineered by Robert Rodriguez and Debbie Daughtry. They were fact checked by Sierra Juarez. They were edited by Paddy Hirsch and Kate Concannon.
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NPR Privacy Policy3 December 2025, 8:00 am - 24 minutes 30 secondsCapitalism (Taylor's Version) (25-minute Podcast Version)
Taylor Swift reaches new heights with her latest album, which is both divisive and record-breaking. And it’s fueled by an elaborate series of business choices that propel profits but also chart numbers. Today’s episode comes from our friends at Today Explained, Vox’s lively, smart daily news podcast.
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This episode was hosted by Noel King. It was produced by Ariana Aspuru, edited by Amina Al-Sadi, fact-checked by Laura Bullard, and engineered by Adriene Lilly.
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NPR Privacy Policy28 November 2025, 10:05 pm - 32 minutes 37 secondsSaving lives with fewer dollarsGivewell is a nonprofit organization that gives money to “save or improve the most lives per dollar.” Part of their whole thing is a rigorous research process with copious and specific datapoints. So, in the chaotic wake of USAID’s gutting, they scrambled to figure out if they could fund the kind of projects USAID used to.
Today on the show: GiveWell let us in on their decision-making process, as they try to reconcile the urgency of the moment with their normal diligence. We get to watch as they decide if they can back one project, to support health facilities in Cameroon.
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This episode was hosted by Mary Childs. It was produced by Sam Yellowhorse Kesler. It was edited by Marianne McCune, fact-checked by Vito Emanuel, and engineered by Jimmy Keeley with help from Robert Rodriguez. Planet Money’s executive producer is Alex Goldmark.
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NPR Privacy Policy27 November 2025, 1:25 am - 19 minutes 58 secondsThe Consumer Sentiment vs. Consumer Spending Puzzle
Wherever consumer sentiment goes, consumer spending usually goes too. They’re like buddies that do everything together. Consumer sentiment wants a hair cut, its buddy consumer spending does too.
But lately, these friends are drifting apart.
While consumer sentiment about the economy is down … spending remains strong.
And not just that… Interest rates are still high, inflation is growing, tariffs have made the prices of goods go up. And yet, consumer spending looks good. What gives?
Today - a consumer spending mystery. Is the economy actually healthy? Or is something distorting our view of the economy?
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This episode was hosted by Sarah Gonzalez and Kenny Malone. It was produced by James Sneed. It was edited by Meg Cramer and fact-checked by Sierra Juarez. It was engineered by Debbie Daughtry and Kwesi Lee. Alex Goldmark is Planet Money's executive producer.
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NPR Privacy Policy21 November 2025, 10:35 pm - 30 minutes 3 secondsDays of our TariffsTariffs. They’ve been announced, unannounced, re-announced, raised and lowered. It’s an on-going saga with billions at stake!
On today’s episode, we run full-on at the twisty, turny drama of life with broad-based tariffs and tackle perhaps our most asked question: Are we, regular U.S. shoppers, feeling the tariffs yet? When we’re at the grocery store or the coffee shop, are we paying more for things because of the tariffs?
We now have the data to get a very clear answer to that question. Plus, we hear a cautionary tale from our dear colleague James Sneed, who ordered a collectible doll and wound up with a surprise tariff bill at his door.
Related episodes:
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This episode was produced by Willa Rubin and edited by Jess Jiang. It was fact-checked by Sierra Juarez with research help from Vito Emanuel. It was engineered by Jimmy Keeley and Maggie Luthar. Alex Goldmark is our executive producer.
Music: NPR Source Audio - “Mirror,” “Remorse,” “Endless,” “Secrets,” “Schmaltzy,” “Water Mirror.”
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NPR Privacy Policy19 November 2025, 8:00 am - 29 minutes 17 secondsThe obscure pool of money the US used to bail out ArgentinaLast month, during the longest government shutdown in U.S. history, Treasury Secretary Scott Bessent announced that the United States had offered to functionally loan Argentina $20 billion. Despite the sums involved, this bailout required no authorization from Congress, because of the loan’s source: an obscure pool of money called the Exchange Stabilization Fund. The ESF is essentially the Treasury Department’s private slush fund.
Its history goes all the way back to the Great Depression. But, in the 90 years since its creation, it has only been used one time at this scale to bailout an emerging economy: Mexico, in 1995. That case study contains some helpful lessons that can be used to make sense of Bessent’s recent move. Will this new credit line to Argentina work out as well as it did the last time we tried it? Or will Argentina’s economic troubles hamstring the Exchange Stabilization Fund forever?
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This episode was hosted by Keith Romer and Erika Beras. It was produced by Luis Gallo. It was edited by Eric Mennel and fact checked by Sierra Juarez. It was engineered by Cena Loffredo. Alex Goldmark is Planet Money’s executive producer.
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NPR Privacy Policy15 November 2025, 12:08 am - 25 minutes 9 secondsBuy now, pay dearly? (update)
(Note: A version of this episode originally ran in 2022.)
Every time you shop online and make it to the checkout screen, you see those colorful pastel buttons at the bottom. Affirm. Klarna. Afterpay. Asking: Do you want to split your payment into interest-free installments? No credit check needed. Get what you want, right now.
That temptation got shoppers like Amelia Schmarzo into some money trouble. Back in 2022, she maxed out her credit card after a month of buying now and paying later. She’s not alone. Buy now, pay later is everywhere now. And you can finance almost anything with it. Your clothes, your furniture … even your lips.
But if these companies don’t charge interest, how do they make money? In short, people buy more stuff using these services and so sellers are willing to pay up. Which makes buy now, pay later, something of a threat to credit card companies. Cue the tussle for your impulse-buying clicks.
Today on the show, we find out how the companies work, who’s most likely to use these services and who’s getting a good deal. And a warning: those little loans will soon be on your credit report.
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This episode was produced by Emma Peaslee, engineered by Josh Newell and edited by Molly Messick. Our update was reported by Vito Emanuel, produced by Willa Rubin, engineered by Gilly Moon and edited by our executive producer, Alex Goldmark.
Music: Universal Music Production - "Retro Funk," "Comin' Back For More," "Reactive Emotion," and "EAT."
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NPR Privacy Policy12 November 2025, 5:00 pm - 28 minutes 16 secondsA new experiment in remote work … from the insideWhen people in Maine prisons started getting laptops to use in their cells for online classes and homework, it sparked this new idea. Could they have laptops in their cells to work remotely for real outside world jobs, too??? And get real outside world wages?
Today on the show, we have reporting from Maine Public Radio’s Susan Sharon about a new experiment in prisons: remote jobs … paying fair market wages, for people who are incarcerated.
Listen to Susan’s original reporting here:
- In Maine, prisoners are thriving in remote jobs and other states are taking notice
- Cracking the code: How technology and education are changing life in Maine prisons
Related episodes:
- Fine and Punishment
- Getting Out Of Prison Sooner
- The Prisoner's Solution
- Paying for the Crime
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This episode was hosted by Sarah Gonzalez with reporting from Susan Sharon. It was produced by Sam Yellowhorse Kesler with reporting help from Vito Emanuel. It was edited by Jess Jiang, fact-checked by Sierra Juarez, and engineered by Robert Rodriguez, with help from Patrick Murray. Alex Goldmark is Planet Money’s executive producer.
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NPR Privacy Policy7 November 2025, 9:00 pm - 17 minutes 39 secondsEverything’s more expensive!! Pet care!! Concert tickets!! (Two Indicators)People in the U.S. are feeling the financial squeeze, in part because of rising inflation, higher consumer prices and slowing job growth. The Indicator from Planet Money is tackling a special series on the rising cost of living. Today, two stories from that series.
First, what’s making ticket prices go up? We look at the economics behind the ticket market and how “reseller bots” are wreaking all sorts of havoc. The industry is not a fan, and yet they do serve an economic function.
And… why pet care costs have surged. It comes down to unique skills, people’s love for their pets and something called the “Baumol effect.”
Related episodes:
- The Vet Clinic Chow Down
- What Do Private Equity Firms Actually Do?
- Kid Rock vs. The Scalpers
- Ticket scalpers: The real ticket masters
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This episode is hosted by Darian Woods, Adrian Ma, and Wailin Wong. These episodes of The Indicator were originally produced by Angel Carreras. Cooper Katz McKim produced this episode. It was engineered by Robert Rodriguez and fact-checked by Sierra Juarez. Kate Concannon is The Indicator’s editor. Alex Goldmark is Planet Money's executive producer.
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NPR Privacy Policy5 November 2025, 8:05 am - 29 minutes 47 secondsAfter the shutdown, SNAP will still be in troubleThis week’s SNAP crisis is just a preview. Tucked inside the giant tax-cut and spending bill signed by President Donald Trump this summer are enormous cuts to SNAP: Who qualifies, how much they get, and who foots the bill for the program. That last part is a huge change.
For the entire history of the food stamp program, the federal government has paid for all the benefits that go out. States pay part of the cost of administering it, but the food stamp money has come entirely from federal taxpayers. This bill shifts part of the costs to states.
How much will states have to pay? It depends. The law ties the amount to a statistic called the Payment Error Rate -- the official measure of accuracy -- whether states are giving recipients either too much, or too little, in food stamp money.
On today’s show, we go to Oregon to meet the bureaucrats on the front lines of getting that error rate down -- and ask Governor Tina Kotek what’s going to happen if they can’t.
Looking for hunger-relief resources? Try here.
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This episode was hosted by Nick Fountain and Jeff Guo. It was produced by James Sneed and Willa Rubin, edited by Marianne McCune and Jess Jiang, fact-checked by Sierra Juarez, and engineered by Debbie Daughtry and Robert Rodriguez. Alex Goldmark is Planet Money’s executive producer.
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