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After the shutdown, SNAP will still be in trouble

This 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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Move fast…and fix democracy?

It’s easy to despair with another government shutdown. But this hour, three speakers argue that simple upgrades are key to restoring faith in the American experiment. Guests include venture capitalist and political consultant Bradley Tusk, political advisor Jennifer Pahlka and e-governance expert Anna Piperal.

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The remittance mystery

For decades, the U.S. has been the single biggest source of remittances worldwide. A remittance is a transfer of money, typically from an immigrant to their family in their country of origin. But we are in the middle of a big, loud and very public immigration crackdown on those who are here without legal status. And that crackdown is disrupting the global remittance market. 

People who have come to the U.S. from a handful of countries — especially some Central American countries — have been sending more money back to their countries of origin. And it’s a bit of a puzzle because … you might think the opposite would be the case.

As immigration plummets, we try to figure out why remittances are surging in some countries, and not others. And we learn why a surge in money sent home inspires joy — but also fear.

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This episode was hosted by Erika Beras and Greg Rosalsky. It was produced by Luis Gallo with help from Sam Yellowhorse Kesler. It was edited by Marianne McCune with fact-checking help from Sierra Juarez. It was engineered by Patrick Murray. Alex Goldmark is Planet Money’s executive producer.

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Trader Joe’s

Trader Joe’s breaks every rule of modern retail. They don’t do e-commerce. They don’t do delivery. No sales, coupons, or loyalty programs. They only stock 4,000 SKUs versus 50,000+ at normal supermarkets. Their parking lots are famously terrible and they’re constantly out of your favorite items. Shoppers brave long lines and cramped aisles while overly-friendly employees in Hawaiian shirts try to chat them up. Everything about the Trader Joe’s experience seems designed to drive modern consumers away. And yet they generate $2,000+ per square foot in sales — double their nearest competitor in Whole Foods and nearly 4x the industry average — and Americans are obsessed with them. How on earth did a company that so steadfastly refuses to participate in the 21st century build the most beloved grocery chain in America?

Today we tell the full story: how “Trader” Joe Coulombe started out cloning 7-Elevens in 1960s Los Angeles, pivoted to slinging hard liquor, discovered the enormous market opportunities for California wine and health food before anyone else, and ultimately built perhaps the most counter-positioned business we’ve ever studied on Acquired by doing almost everything differently than the supermarket-CPG industrial complex. Tune in for a wild voyage on the high seas of grocery retail!

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‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

Should the fine have to fit the crime?

The U.S. Constitution famously outlaws “cruel and unusual punishments.” But there’s another, far more obscure part of the Constitution called the Excessive Fines Clause, which basically says that the fine has to fit the crime. So far, the Supreme Court has been pretty mysterious about what that means. But for Ken Jouppi, the fate of his $95,000 plane hinges on it.

Ken is a bush pilot. He used to run an air taxi service in Fairbanks, Alaska. In 2012, police caught one of Ken’s passengers with a six-pack of Budweiser in her luggage. Over that six-pack, Ken was convicted of bootlegging. As punishment, he was ordered to forfeit his $95,000 Cessna.

The Supreme Court is now considering whether to take Ken’s case. And what’s at stake here is more than just a plane. Hanging in the balance is an increasingly popular — and controversial — business model for criminal justice.

More on economics and the law:
Fine and punishment
The prisoner’s solution
Paying for the crime
Rescues at sea, and how to make a fortune

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Today’s episode was produced by James Sneed and Sam Yellowhorse Kesler with help from Luis Gallo. It was edited by Jess Jiang, fact-checked by Sierra Juarez and engineered by Ko Tagasugi Chernovin with help from Robert Rodriguez. Planet Money’s executive producer is Alex Goldmark.

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The great food rescue

The average American household throws away $200 of food each month. How can we get more food onto plates and less into landfills? This hour, changing the food system, from the farm to your kitchen. Guests include food waste expert Dana Gunders, social entrepreneur Jasmine Crowe-Houston, chef and sustainability activist Anthony Myint and behavioral scientist Jiaying Zhao. 

Original broadcast date: December 6, 2024.

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TikTok’s Trojan Horse Strategy

When TikTok videos started to go viral on Instagram and Reddit, TikTok turned to professional sound designers to protect their content.

More and more companies are paying to develop a “sonic identity” – a series of sounds, songs, and micro-jingles to help maintain a unified brand.

In this episode, in conjunction with the sound design podcast Twenty Thousand Hertz, we hear the backstory to possibly the most successful audio branding campaigns in history. It’s a tale of guerilla marketing and the power of sonic suggestion.

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This adapted episode was hosted by Kenny Malone and Dallas Taylor. It was produced by Casey Emmerling and James Sneed. The episode was edited by Jess Jiang. Alex Goldmark is our Executive Producer.

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How Russia’s shadow fleet is sailing around oil sanctions

Bjarne Caesar Skinnerup works as a maritime pilot in the straits of Denmark. That means he’s used to seeing oil tankers. But after the start of the war in Ukraine, the tankers started getting weird. They were flying flags he’d never seen before. They were old, very old, though many had taken on new names. Something was off. 

He’d stumbled on a shadow fleet of hundreds of tankers ferrying sanctioned oil out of Russia … with near impunity. 

Today on the show, how those ships are transforming the global oil market and fueling the war in Ukraine. And why this all might be a financial and environmental disaster waiting to happen.

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This episode was hosted by Alexi Horowitz-Ghazi and Daniel Ackerman. It was produced by Willa Rubin and edited by Marianne McCune. It was fact-checked by Sierra Juarez and engineered by Kwesi Lee and Cena Loffredo. Alex Goldmark is our executive producer.

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The art of choosing what to do

The way we spend our hours defines our lives. This hour, TED speakers explore how we make choices about time, meaning and attention in a world of infinite options.

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