There’s one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It’s the sum of all final transactions, so all the goods or services bought and sold, in an economy. GDP tells us how hot the economy is running, or how cool — like if we might be heading into a recession. And it’s an important tool to compare countries, policies, and politicians. It’s used by the U.S. government to allocate money and by businesses to make decisions about the future.

For close to a century the building blocks of GDP have been the same. Now Commerce Secretary Howard Lutnick, has proposed a big change: taking government spending out of GDP.

On today’s show, can the U.S. change how it measures GDP? We talk with a former head of the BEA — about what he thinks they’re likely to do now, and about the pressure he faced while trying to compile GDP for nearly two decades. Turns out, people have always been trying to bend it to make whatever grand project they’re working on look better.

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Three flight controllers from NASA’s Mission Control Center discuss their roles and how they

monitor and maintain a healthy crew aboard the International Space Station. HWHAP 377 

Can otters be city dwellers? Are aliens real? Do we have to experience misery to understand happiness? On this episode, we investigate how strange bedfellows can lead to radical realizations. Guests include evolutionary biologist Philip Johns, astrophysicist Avi Loeb and author Laurel Braitman.

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Note: This original episode ran in 2020.

Walter Schramm did everything right as an investor — at least according to the philosophy of Warren Buffett. So how come he lost a small fortune?

In this episode, we look into an obscure government program that slurps up forgotten money. We hunt for money we might have left vulnerable and we try to figure out how it got there in the first place so we can tell you where to find the money you’ve misplaced too.

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Tupperware is the stealthy star of our modern homes. These plastic storage containers are ubiquitous in our fridges, pantries, and closets. But the original product was revolutionary. So was its breakthrough sales strategy: the Tupperware Party.

Led in part by a charismatic housewife turned business innovator, Tupperware pioneered more than the party. Brownie Wise, and the company she came to represent, are behind a core sales technique that we might now recognize as influencer marketing.

The company was so successful at its peak, it reached almost cult status. But it didn’t last.

On our latest episode: Tupperware’s success and the company’s demise. And how its descendants — in products, and in sales strategies — lived on.

This episode is in partnership with Decoder Ring. For even more on the legacy of Tupperware, listen to their full episode.

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NASA Johnson’s multimedia team leads discuss what it takes to capture and share the story of space exploration and how methods have evolved since the Apollo era. HWHAP 376 

It’s easy to focus on the nuances that get lost in translation, but what about the insights that are found? This hour, TED speakers reveal what we gain by adapting and translating information. Guests include textual scientist Gregory Heyworth, economist Ralph Chami, microbiologist and nanotechnologist Fatima AlZahra’a Alatraktchi and polyglot Lýdia Machová. Original broadcast date: May 19, 2023

TED Radio Hour+ subscribers now get access to bonus episodes, with more ideas from TED speakers and a behind the scenes look with our producers. A Plus subscription also lets you listen to regular episodes (like this one!) without sponsors. Sign-up at: plus.npr.org/ted.

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If you cut every single federal job President Donald Trump wants to cut, how much money would that save?

A president has tried to massively shrink the size of the federal government before. It was in the 90s, under a Democrat.

Today on the show: Where they found waste the last time we really looked. (Hint: it wasn’t jobs.) And why the pace of firings under Trump might start to slow down.

For more:
– Lessons for the Future of Government Reform
– Is government too big? Reflections on the size and composition of today’s federal government
– Creating a Government That Works Better and Costs Less

This episode of Planet Money was produced by Willa Rubin. It was edited by Jess Jiang and engineered by Jimmy Keeley. We had fact-checking help from Sierra Juarez. Alex Goldmark is our executive producer. Special thanks to Ben Zipperer.

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Music: Audio Network – “West Green Road,” “Raise Up,” and “Blue and Green.”

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In some ways, starting a bank is a lot like starting any other business. Who will you hire? Where will you be located? What color will the couches be? But it’s also way more complicated. There are tons of regulations on banks–and you can understand why. Lots of new businesses fail. But if a bank fails, it can have ripple effects for the entire economy.

Today on the show, a baby bank is born. We go along for the ride from idea to ribbon cutting as a community bank gets off the ground.

This episode of Planet Money was produced by Emma Peaslee and edited by Katie Mingle. It was fact-checked by Sierra Juarez and engineered by Cena Loffredo. Alex Goldmark is our executive producer.

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Music: NPR Source Audio- “Numbers Game,” “Smoke and Mirrors,” and “Lets Start A Movement”

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