As people learn more about Donald Trump’s pick for Treasury Secretary, Scott Bessent, one story comes up over and over: a legendary trade that he played a small part in while he worked at George Soros’ hedge fund in the 1990s.
In 1992, Soros’ fund set its sights on the British pound, betting that some time in the fall of that year, the pound would plummet in value. Opposing them in this trade was the Bank of England, which was determined to keep its currency stable. The financial battle that followed was intense and proved to be a watershed moment in the balance of power between markets and governments.
On today’s show, we speak to Robert Johnson, a former managing director at Soros’ fund, for a blow-by-blow account of those fateful days in 1992.
This episode was hosted by Keith Romer and Alex Goldmark. It was produced by Willa Rubin and edited by Martina Castro. It was fact-checked by Sierra Juarez and engineered by Cena Loffredo. Alex Goldmark is Planet Money‘s executive producer.
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The dreaded data breach notification… It tells you your personal data’s been compromised and suggests steps you can take to minimize the potential harm. On today’s episode, Kenny Malone pulls out a data breach letter he received and goes over what it recommends with Amanda Aronczyk. Amanda recently did a show about the legal and illegal markets for data and tells us how useful these steps actually are. It’s news you can use to protect yourself, whether or not you’ve been part of a data breach!
This normally would be a bonus episode just for Planet Money+ listeners. With this being the season of giving, we’re sharing this one with everyone! To hear more bonus content like this, regular episodes sponsor-free, and support the work of NPR, sign up for Planet Money+ at plus.npr.org.
Related links:
Data Breach Response: A Guide for Business (FTC)
Have you been affected by a data breach? (FTC)
Your Technology Is Tracking You. Take These Steps For Better Online Privacy (Life Kit)
What happens after you get scammed? Can you get your money back? (Planet Money)
Firewalls Don’t Stop Dragons (cybersecurity and privacy podcast)
DeleteMe (personal data removal service)
Experian (credit bureau)
TransUnion (credit bureau)
Equifax (credit bureau)
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In some pockets of the world, people have a higher chance of living longer. So how do they do it? This hour, TED speaker Dan Buettner takes us to Blue Zones to learn how to live a long, happy life. Original broadcast date: December 22, 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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You probably own a chair or a table or a sofa. And you probably think you know why you bought it. Because it was comfy. Or blue. Or the right price. But what if the style, the color, the cost, maybe even whether you would like it, were choices made for you years before you even thought about buying that piece of furniture.
Today on the show: The city that makes or breaks the furniture world. We travel to High Point, North Carolina and meet the people who make the bets – on whether or not you’ll want that comfy blue couch.
This episode was hosted by Amanda Aronczyk and Erika Beras. It was produced by James Sneed with help from Willa Rubin. It was edited by Jess Jiang, fact-checked by Sierra Juarez, and engineered by Cena Loffredo. Alex Goldmark is Planet Money‘s executive producer.
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A couple years ago, Gina Leto, a real estate developer, bought a property with her business partner. The process went like it usually did: Lots of paperwork; a virtual closing. Pretty cut-and-dry. Gina and her partner started building a house on the property.
But $800,000 into the construction process, Gina got a troubling call from her lawyer. There was something wrong. At first, Gina thought the house had burned down. It turned out that the situation was… maybe worse.
On today’s show: Buying land seems pretty secure, right? There’s so much paperwork and verification along the way. But a messy system of how titles are sold, transferred and documented makes a perfect entry point for a new kind of criminal: Title Pirates.
Today’s episode was hosted by Erika Beras and Jeff Guo. It was produced by Sam Yellowhorse Kesler. It was edited by Liza Yeager. Fact-checking by Sarah McClure. Engineering by Valentina Rodríguez Sánchez. Planet Money‘s executive producer is Alex Goldmark.
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On episode 363, NASA experts discuss one of the most critical components of returning to Earth from space: the parachute system. Take a deep dive into how these parachutes were engineered and tested to bring NASA’s Orion spacecraft and crewmembers back home safely.
Forgetting a name, a poorly executed hug, the 7th grade — awkwardness is part of our lives whether we like it or not. But what if we put the embarrassment aside and embraced our awkward selves? Guests include social scientist Ty Tashiro, cartoonist Liana Finck, journalist Melissa Dahl and sex and relationship counselor Erin Chen. Original broadcast date: April 19, 2024.
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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The sun rises and sets every day of our lives, but it still holds many mysteries. This hour, TED speakers share the latest in probing, replicating, and harnessing the power of our massive star. Guests include astrophysicist Nour Rawafi, fusion physicist Tammy Ma, renewable energy strategist Rebecca Collyer and science journalist David Baron.
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
Correction: a previous version of this story referred to Nour Rawafi as a NASA scientist, when in fact he is a scientist at the Johns Hopkins Applied Physics Laboratory (APL) and NASA. The international team working on NASA’s Parker Solar Probe mission are comprised of scientists from APL, NASA, and several other organizations.
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Mass deportations. What would actually happen—economically—if the President-elect follows through on promises to deport millions of people from America.
We don’t have to guess.
Today we have two stories from Planet Money’s daily podcast, The Indicator. First, the story from another time the US cracked down on immigration with the expressed intent of helping the economy. We look at how that worked out. And then we distill 20 years of research on immigrants and economic growth. What does immigration do for an economy? What types of immigration help? And who benefits?
Our most recent newsletter goes into more depth on some of this. Part one of two here. Subscribe to our newsletter here.
This episode is hosted by Adrian Ma, Darian Woods, and Wailin Wong. These episodes of The Indicator were originally produced by Cooper Katz McKim and Julia Ritchey, and engineered by Kwesi Lee and Maggie Luthar. They were fact-checked by Angel Carreras and Sierra Juarez. Kate Concannon is The Indicator‘s Editor.
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IKEA may be the most singular company we’ve ever studied on Acquired. They’re a globally scaled, $50B annual revenue company with no direct competitors — yet have only ~5% market share. They’re one of the largest retailers in the world — yet sell only their own products. They generate a few billion in free cash flow every year — yet have no shareholders. And oh yeah, they also sell hot dogs cheaper than Costco! (Sort of.)
Tune in for an episode flat-packed with counterintuitive lessons about how this folksy mail order business from the Swedish countryside came into your living rooms (and bedrooms and dining rooms and kitchens and bathrooms and patios and garages and backyards) all over the globe!
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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.