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Spirit Airlines and the future of cheap flights

It’s way more than fuel costs that pushed Spirit Airlines to the brink of liquidation and led President Trump to muse about “buying” them. Many low cost airlines are struggling due to a canny and calculated set of strategies from bigger airlines that we can think of as ‘revenge of the legacy carriers.’ 

Today on the show, we go back in time to when Spirit was riding high and pressuring the whole industry to cut costs. We talk with then-CEO Ben Baldanza about his radical vision for cheap air travel and then travel to the present day to hear how legacy airlines beat Spirit and other budget airlines at their own game. Plus, what happens to us passengers if Spirit does go away. 

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Related Episodes: 
People Express and how flying got so bad (or did it?)

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This episode of Planet Money was hosted by Greg Rosalsky, Jacob Goldstein, Zoe Chace and Emma Peaslee. It was produced by Emma Peaslee. It was edited by Alex Goldmark. It was fact-checked by Vito Emanuel and engineered by Jimmy Keeley. Alex Goldmark is Planet Money’s executive producer. 

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Battlefield rare earths: How the U.S. lost to China

At one point in history, one U.S. company monopolized the rare earths industry. Then China took over the industry. Can the U.S. bring it back?

Rare earths are critical to making, like, everything. From smart phones to electric vehicles to microwaves. They’ve also become a powerful political weapon for China, which controls the majority of mining and processing of rare earths. 

Today, we have the story of the rise and fall of America’s rare earth industry told through that single company. It’s a corporate saga made for prestige television about the elements that literally, once, made prestige televisions. 

Live event info and tickets here. 

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This episode was produced by Emma Peaslee and edited by Marianne McCune. It was fact-checked by Sierra Juarez and engineered by Cena Loffredo and Jimmy Keeley. Alex Goldmark is Planet Money’s executive producer.

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Telling Time on Other Worlds

Kevin Coggins, a leader in NASA Space Communications and Navigation program, explores the benefits and challenges of precision timekeeping on the Moon and Mars.  HWHAP 419 

Can we preserve knowledge … forever?

Information feels more accessible than ever, but the ways we store data are surprisingly fragile. Can we save anything forever? This hour, TED speakers explore preserving our past, present and future. Guests include game designer CM Ralph, digital librarian Brewster Kayle, molecular biologist Dina Zielinksi and archeologist Chris Fisher.

Original air date: January 27, 2023

TED Radio Hour+ listeners now get access to bonus episodes, with more ideas from TED speakers and deeper conversations with Manoush. By signing up for Plus, you directly support our work and public media, so all your episodes (like this one!) come to you without sponsor breaks. Learn more at plus.npr.org/ted.

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Live: Anthropic co-founder on AI and jobs

We talk with Anthropic co-founder Jack Clark and Chief Economist at Redfin Daryl Fairweather about two of the biggest issues of our time: AI and housing. 

We have been crisscrossing America doing live shows to help promote the new Planet Money book. In each city, we’ve been doing interviews with special guests. And since we won’t be able to make it to every city in America (or most cities) we wanted to bring the tour to you!

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This episode of Planet Money was edited and produced by Eric Mennel and Emma Peaslee. It was fact checked by Sierra Juarez. It was engineered by Robert Rodriguez and Kwesi Lee. Alex Goldmark is Planet Money’s executive producer. 

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Live: Anthropic co-founder on AI and jobs

We talk with Anthropic co-founder Jack Clark and Chief Economist at Redfin Daryl Fairweather about two of the biggest issues of our time: AI and housing. 

We have been crisscrossing America doing live shows to help promote the new Planet Money book. In each city, we’ve been doing interviews with special guests. And since we won’t be able to make it to every city in America (or most cities) we wanted to bring the tour to you!

Live show tour and book info. / Subscribe to Planet Money+

Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.

Facebook / Instagram / TikTok / Our weekly Newsletter.

This episode of Planet Money was edited and produced by Eric Mennel and Emma Peaslee. It was fact checked by Sierra Juarez. It was engineered by Robert Rodriguez and Kwesi Lee. Alex Goldmark is Planet Money’s executive producer. 

See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.

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Do prediction market bettors make anything better?

Have you noticed a lot of young people getting into antenna-maxxing as alpha? Or, maybe searching for any bit of copium after they fat-fingered and got rinsed? Or maybe they farmed during a yes-fest on Mention Markets resulting in some serious printing? 

If none of that made sense to you, then we have the perfect episode for you. 

Prediction markets have taken off in the past few years, using the same legal loopholes as the crypto market to essentially claim they are a “swap,” or “futures market,” similar to that of the totally legal grain and pork belly markets, and less like the state-regulated sports gambling market. 

And they are great for the bondsharps who print on the regular (or, in English, “well known market makers who often make a lot of money”). 

These prediction market companies exist because they’ve convinced regulators that they’re also great for the rest of us. They’re adding new knowledge to the world. Making us more informed about the future. 

On today’s episode, the case Kalshi has been making to regulators, the courts and the public as to why what looks like gambling and seems like gambling … is not. Why that argument’s kinda been working. And – if no one stops them – what prediction markets could do to our future.

For more, listen to former CFTC Commissioner Kristin Johnson on The Indicator from Planet Money.

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This episode of Planet Money was hosted by Bobby Allyn and Mary Childs. It was produced by Sam Yellowhorse Kesler. It was edited by Marianne McCune, fact-checked by Sierra Juarez, and engineered by Cena Loffredo. Alex Goldmark is Planet Money’s executive producer.

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Using ancient philosophy to cope with your modern problems

Philosopher Meghan Sullivan says during tough times, ancient wisdom can serve as a guide. From politics to religion to AI, she poses big questions to help you find out what the good life means today.

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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