Thieves are stealing billions of dollars worth of gasoline in Mexico. The President is taking drastic action to cut them off, and it comes at a serious cost. Content warning: Audio of deadly pipeline explosion.
John Bogle died last week. His creation — the index fund — changed investing. Today, how his invention set off a million dollar bet between some of the biggest brains on Wall Street, including Warren Buffett.
Most products in this world are vulnerable to creative destruction: as new products are developed, they make old ones obsolete. But there are some exceptions — products that persist, resisting change while economic evolution continues without them. For instance: the graphing calculator. (This episode is from our other podcast, The Indicator from Planet Money. Subscribe to it wherever you get your podcasts.)
Charles Dickens wanted to pick a fight with economists. So he invented Ebenezer Scrooge. But did he get it all right? Also: If you want to support our show, head over to donate.npr.org/planetmoney. We appreciate it.
Ricardo Hausmann, a Harvard-based Venezuelan economist, has constructed his own indicator, one that captures the horrifying scale of the economic catastrophe in Venezuela. (This episode is from our other podcast, The Indicator. Subscribe to it wherever you get your podcasts.)
A truce in the U.S.-China trade war seemed close. The leaders of China and the United States were meeting to discuss a fix. And then arrests started. It got even more confusing, so today, we call up our man on the ground in Shanghai to make sense of it all. The key to understanding the latest turn in the trade war centers around a giant company most Americans haven't heard of called Huawei. Its rise traces the rise of China's economy and Chinese-style capitalism.
If you die in America, chances are the cemetery is going to promise to maintain your grave forever. Americans take this for granted, but it's a wacky, wild promise that we maybe should not be making. You can also watch this video here: https://youtu.be/xYDYDThuJe4
Two stories from our Indicator team. There's a province in China that makes many of the world's flags. It's a unique window on global trade right now. And we find out why so few teenagers are working summer jobs these days.