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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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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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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Hear from the Crew-6 cadre ahead of their launch to the International Space Station. HWHAP Episode 277.
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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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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Scientists at NASA’s Johnson Space Center share what it will take for humans to live on a multi-year journey to, on, and from Mars. HWHAP Episode 276.
Original broadcast date: November 12, 2021. We hear calls for systemic change, but what does that look like? This hour, TED speakers share stories of taking on institutions — from schools, to medicine, to policing — so they work for everyone. Guests include economist Emily Oster, lawyer Priti Krishtel and social psychologist Phillip Atiba Goff.
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Hear from NASA’s lead scientist of advanced food technology who explains the meal plan for a journey to the Red Planet. HWHAP Episode 275.
There are an infinite number of ways to be a happy family, and just as many ways to be an unhappy one, says Andrew Solomon. This hour, the author and psychologist discusses modern family dynamics — and how families can find joy even when life gets complicated.
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