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Why We’re Living Longer

Original broadcast date: March 22, 2022. In the last century, human life expectancy has doubled. This hour, we talk with writer Steven Johnson on the many breakthroughs that made this possible — and where we go from here.

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The value of good teeth

As a kid, Ryanne Jones’ friend accidentally hit her in the mouth with a hammer, knocking out her two front teeth. Her parents never had enough money for the dental care needed to fix them, so Ryanne lived much of her adult life with a chipped and crooked smile.

Ryanne spent a while as a single mom working low-wage jobs, but she had higher aspirations: she interviewed dozens of times a year for higher-paying roles that she was more than qualified for. But she never landed any of them. And to her, it really seemed like the only thing standing between her and a better job was her rotting, brown front teeth.

Our physical appearances can communicate a lot about our financial status. There are some things, such as clothing, that we have more control over. But there are other things that we don’t — and they can have serious long-term economic consequences.

This episode was originally run as part of Marketplace’s This is Uncomfortable podcast.

Reported by: Reema Khrais

Edited by: Micaela Blei.

Produced by: Zoë Saunders, Peter Balonon-Rosen, Megan Detrie, Hayley Hershman and Daniel Martinez. The Planet Money version was produced by Alyssa Jeong Perry.

Mastered by: Charlton Thorp

Music: Wonderly

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Seinfeld-onomics

The 90s sit-com Seinfeld is often called “a show about nothing.” Lauded for its observational humor, this quick-witted show focussed on four hapless New Yorkers navigating work, relationships…yada yada yada.

Jerry, George, Elaine & Kramer set themselves apart from the characters who populated shows like Friends or Cheers, by being the exact opposite of the characters audiences would normally root for. These four New Yorkers were overly analytical, calculating, and above all, selfish.

In other words, they had all the makings of a fascinating case study in economics.

Economics professors Linda Ghent and Alan Grant went so far as to write an entire book on the subject, Seinfeld & Economics. The book points readers to economic principles that appear throughout the show, ideas like economic utility, game theory, and the best way to allocate resources in the face of scarcity.

On today’s show, we make the case that Seinfeld is, at its heart, not a show about nothing, but a show about economics. And that understanding Seinfeld can change the way you understand economics itself.

This episode was produced by Alyssa Jeong Perry with help from Emma Peaslee. It was edited by Keith Romer. It was mastered by Robert Rodriguez and fact-checked by Sierra Juarez. Jess Jiang is our acting executive producer.

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Humor Us

Original broadcast date: June 3, 2022. Humor can lighten the mood. But it can also provoke, cajole and inspire. This hour, TED speakers share how we can wield humor as a tool across all aspects of our lives. Guests include comedian Marcia Belsky, computer scientist Vinith Misra, behavioral scientist Jennifer Aaker, corporate strategist Naomi Bagdonas and science comedian Kasha Patel.

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CBOhhhh, that’s what they do

If you are a congressperson or a senator and you have an idea for a new piece of legislation, at some point someone will have to tell you how much it costs. But, how do you put a price on something that doesn’t exist yet?

Since 1974, that has been the job of the Congressional Budget Office, or the CBO. The agency plays a critical role in the legislative process: bills can live and die by the cost estimates the CBO produces.

The economists and budget experts at the CBO, though, are far more than just a bunch of number crunchers. Sometimes, when the job is really at its most fun, they are basically tasked with predicting the future. The CBO has to estimate the cost of unreleased products and imagine markets that don’t yet exist — and someone always hates the number they come up with.

On today’s episode, we go inside the CBO to tell the twisting tale behind the pricing of a single piece of massive legislation — when the U.S. decided to finally cover prescription drug insurance for seniors. At the time, some of the drugs the CBO was trying to price didn’t even exist yet. But the CBO still had to tell Congress how much the bill would cost — even though the agency knew better than anyone that its math would almost definitely be wrong.

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Meow Money Meow Problems

More than 20 years ago, something unusual happened in the small town of Dixfield, Maine. A lady named Barbara Thorpe had left almost all of her money—$200,000—to benefit the cats of her hometown. When Barbara died in 2002, those cats suddenly got very, very rich. And that is when all the trouble began.

Barbara’s gift set off a sprawling legal battle that drew in a crew of crusading cat ladies, and eventually, the town of Dixfield itself. It made national news. But after all these years, no one seemed to know where that money had ended up. Did the Dixfield cat fortune just…vanish?

In this episode, host Jeff Guo travels to Maine to track down the money. To figure out how Barbara’s plans went awry. And to understand something about this strange form of economic immortality called a charitable trust.

This episode was produced by Willa Rubin with help from Dave Blanchard. It was engineered by Josh Newell. Sally Helm edited the show and Sierra Juarez checked the facts. Jess Jiang is Planet Money’s acting Executive Producer.

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Crew-6

Hear from the Crew-6 cadre ahead of their launch to the International Space Station. HWHAP Episode 277.

Small But Mighty

You don’t need to be big and boisterous to pack a punch. This hour, TED speakers explore the surprising strength of all things miniscule and fleeting.

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LVMH

We tell the full history of LVMH, and how Bernard Arnault turned a $15m investment in a bankrupt French textile company into the world’s largest individual fortune. It’s a story that’s equal parts Berkshire Hathaway, Steve Jobs and Barbarians at the Gate… and wholly under-appreciated for the genius business model innovations that enabled it. Whatever industry you operate or invest in, there’s so much to be learned from Bernard and LVMH’s complete reshaping of the luxury sector over the past three and a half decades. And oh yeah, it also involves Nazi spies, Italian family murders, Rupert Murdoch, Rihanna becoming a billionaire, Jay-Z’s champagne feuds and Beyoncé wearing a 128 carat diamond. Tune in! 🙂 

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