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Get the latest from Slate Money and the entire Slate network's takes on the latest in the world of business and business news.
The Surveillance Interstate
Tracking a license plate across the country has never been easier, which is good news if your car has been stolen, but in an era of ICE and Border Patrol raids, these warrantless searches feel increasingly invasive—and unconstitutional.
Guest: Joseph Cox, co-founder of 404 Media and host of the 404 Media podcast.
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Slate Money | Good Riddance to Larry Summers
This week: Larry Summers has stepped down from his public positions following the release of unsavory emails he exchanged with Jeffrey Epstein. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss Summers’ correspondence with the infamous sex trafficker, the veracity of his “genius” reputation, and his beef with Felix. Then, Meta has won its anti-trust case, highlighting the current struggle to regulate Big Tech. The hosts examine the landscape of anti-trust efforts in the US and whether it is the correct tool for regulating tech behemoths. Then, everyone is talking about the “AI bubble” right now, but what does that actually m...
ICYMI | AI Is Changing How We Have Sex
On today’s episode host Kate Lindsay is joined by porn historian Noelle Perdue, author of the Porn World newsletter. OpenAI announced that they’d allow adult users to have erotic conversations with ChatGPT, just one more way AI and porn are becoming intertwined. As sex becomes more online, not only does it become more solitary, but also more surveilled. Both of these things are intended to divide us, but Noelle is confident that AI’s attempted sex-takeover will fail.Â
This podcast is produced by Vic Whitley-Berry, Daisy Rosario, and Kate Lindsay.
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What Next: TBD | Crypto Keeps Criming
Trump promised to stop the “persecution” of the cryptocurrency industry. He did call off the SEC investigations that began under Biden, and pardoned Binance cofounder and ex-CEO Changpeng Zhao. But is the crypto industry ultimately better off because of that?Â
Guest: David Yaffe-Bellany, tech reporter for the New York Times.
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How Meta Profits Off Fraud
The parent company of Facebook and Instagram, Meta, doesn’t (just) have a scam problem—with 10 percent of its revenue coming from scam ads, and a third of all successful scams in America using a Meta platform at some point, it’s more an interdependence with scammers.
Guest: Jeff Horwitz, tech reporter for Reuters.
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Slate Money | The Correct Opinion on 50-Year Mortgages
This week: FHFA director Bill Pulte convinced Trump to back 50-year mortgages with some posterboard and a photo of FDR. Felix Salmon, Elizabeth Spiers, and Emily Peck, discuss why Trump’s post about 50-year mortgages angered conservatives – officials and voters alike – and why they’re more of a hindrance than a solution to the housing crisis. Then, the White House is considering limiting the power of proxy advisers and index-fund managers on shareholder voting. The hosts explain what this would mean for shareholders and how billionaires like Elon Musk and Jamie Dimon, vocal opponents of these firms, stand to gain even...
What Next: TBD | Data Centers on the Ballot
They don’t cut cleanly along party lines, but data centers, and where they get built, became an election issue in Virginia. With so many more data centers to build, are we looking at a new trend?Â
Guest: Margaret Barthel, reporter covering northern Virginia for WAMU.Â
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ICYMI | Who TF Is Grammy-Nominated Alex Warren?
On today’s episode host Kate Lindsay is joined by Yahoo News senior entertainment writer, Kelsey Weekman, to answer the question on everyone’s lips: Who is Alex Warren and why is every store playing his music? The Hype House OG is nominated for Best New Artist at the Grammys, and is part of a growing wave of musicians making “secular praise music.” Where did Alex Warren come from, and how did he pull off a musical career pivot when so many other TikTokkers failed?Â
This podcast is produced by Daisy Rosario, Vic Whitley-Berry, and Kate Lindsay.
Slate Money | Money Talks: Beyond The Pink Tax
In this Money Talks: Elizabeth Spiers is joined by Anna Gifty Opoku-Agyeman, to discuss her book The Double Tax: How Women of Color Are Overcharged and Underpaid. They discuss Anna’s extensive research into how racism and sexism create real economic barriers in the US, why it’s not just women of color who should be worried about this disturbing trend, and what can actually be done about it.
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Why Tesla Is Paying Elon a Trillion Bucks
Tesla shareholders just approved a trillion dollar (with a t!) pay package for Elon Musk. Is it enough incentive to keep him around the company and away from verbal spats with government officials? Because the whole Musk empire is still reeling from that dalliance.
Guest: Faiz Siddiqui, tech reporter at The Washington Post and author of Hubris Maximus: the Shattering of Elon Musk.
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Slate Money | Meta’s Instascam Ads
This week: Trump’s team has argued to the Supreme Court that his tariffs weren’t about raising revenue, despite his many previous claims to the contrary. Felix Salmon, Elizabeth Spiers, Emily Peck, and guest Jeff Horwitz of Reuters, discuss whether this argument will hold against the law that says only Congress has the right to raise revenue via tariffs and taxes, or if the Supreme Court will agree with the many lower courts that have deemed these tariffs illegal. Then, Jeff breaks down his deep dive into the documents that not only reveal that Meta platforms are rife with...
ICYMI: The Internet Has A Gambling Problem
On today’s episode host Kate Lindsay is joined by Manny Fidel, culture writer and cohost of the No Such Thing podcast, to explain how gambling took over the internet. A recent betting scandal not only exposed the chokehold that gambling has on the sports industry, but opened up a larger conversation about how everything on the internet is influenced by gambling. People are betting political candidates and arbitrary fashion choices, all while putting themselves further and further into financial precarity. How did this happen and, most importantly, can anything be done to fix it?
This podcast is...
What Next: TBD | The Nick Fuentes Problem
Nick Fuentes—an openly antisemitic, openly racist, openly sexist type who once was persona non grata in all but the unseemliest of online spaces—sat down with former Fox News star Tucker Carlson this week, setting off a debate between the “whoa whoa whoa, we’re not Nazis over here” branch of conservatives and the “well now, hold on a minute” wing.
Guest: Ali Breland, staff writer for The Atlantic and author of “The Firewall Against Nick Fuentes Is Crumbling.”Â
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What Next | Trump’s Tariffs Have a Constitution Problem
Trump’s tariffs went before the Supreme Court this week and even the extremely accommodating Roberts court was having trouble seeing how the president’s vast and capricious application of tariffs is constitutional. But that doesn’t mean they’re going away.
Guest: Justin Wolfers, economist and professor at the University of Michigan.
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Slate Money | A Second Gold Toilet!?
This week: OpenAI has moved away from being run as a non-profit. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss the stated reasons behind the move and what it actually means to be a not-for-profit company. Then, the rates for next year's Affordable Care Act marketplace insurance have come out, and the prices have skyrocketed, reflecting an increase in healthcare costs across the board in the US. The hosts examine the reasons for this depressing trend. And finally, lovers of Maurizio Cattelan’s “America”, rejoice. Though his original piece was stolen, it turned out there was a spare 14k gold to...
Slate Money | Money Talks: How Our Tax Code Makes the Rich Richer
In this Money Talks: Emily Peck and Felix Salmon are joined by legal scholar Ray D. Madoff to discuss her new book The Second Estate: How the Tax Code Made an American Aristocracy. Ray lays out how the US tax code favors the wealthy to an unbelievable degree, helping them to essentially opt out of the system altogether.Â
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What Next: TBD | Did The Trump Administration Censor Speech?
For years, conservatives claimed that the Biden administration was pressuring tech companies to censor conservative speech with no solid evidence.Â
In Trump 2.0, the administration is explicitly bragging about doing the very same thing they accused democrats of. What gives?Â
Guest: Renée DiResta, Associate Research Professor at the McCourt School of Public Policy at Georgetown and author of “Invisible Rulers: The People Who Turn Lies into Reality”
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Slate Money | The Louvre Heist Affair
This week: A spectacular heist unfolded at the Louvre, with thieves stealing priceless jewels within 7 minutes in broad daylight. Felix Salmon, Elizabeth Spiers, and Emily Peck unpack what happened, why the world was so delighted by this particular crime, and the reasons the thieves might not get that big of a big score in the end. Then, ADP has decided to refrain from giving the Fed special data access, exacerbating the data shortage amid the government shutdown. The hosts discuss why this is happening along with the other effects of this drawn out Federal standstill. And finally, some Silicon V...
ICYMI | TwitchCon’s Sexual Harassment Problem
On today’s episode, host Kate Lindsay is joined by writer and streamer Laura Kate Dale to talk about what happened to Emiru at this year’s TwitchCon. The streamer was assaulted during a meet-and-greet, after a number of female streamers had already dropped out of the convention in fear for their safety. What is it about TwitchCon that makes creators feel unsafe, and why are female streamers, in particular, still paying the price?Â
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What Next: TBD | Why Bands Are Leaving Spotify
Paying a fraction of a penny per stream and diminishing the value of music were bad enough for Xiu Xiu, but when Spotify owner Daniel Ek announced an investment in a German defense contractor, they decided it was time to take the music back.
Guest: Jamie Stewart, musician in the band Xiu Xiu.
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Slate Money | Credit Cockroaches
This week: The downfall of First Brands and Tricolor has led to finger-pointing between banks and private credit firms. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss whether these fraud-related bankruptcies are a sign of major issues to come within the credit market. Then, car prices and sales are up across the board. The hosts cover the state of the auto industry, the spike in EV sales caused by expiring incentives, and what it’s like to own a Crybertruck these days. And finally, QQQ is probably the only ETF you’ve heard of thanks to its aggressive advertising. The...
What Next: TBD | Inside the MAGA Content Mill
As Trump throws out journalists and outlets that report anything negative about him, he’s limiting access to a group of right-wing influencers who work to further his agenda.
Guest: Makena Kelly, tech and politics writer for WIRED.
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Lear...
ICYMI | Stop Trying To Make A.I. Trendy
Candice Lim and Kate Lindsay get into tech’s latest effort to turn A.I. into a status symbol. Anthropic has been pushing “Thinking” caps into the trendy streets of New York. OpenAI has been handing out awards for power users akin to YouTube subscriber plaques. But one of the worst offenders is Friend, a $129 wearable necklace that spent a million dollars to infiltrate subway stations and bus stops. Why are A.I. companies trying so hard to be trendy? And how are people revolting against them? Finally, we have some news.Â
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Slate Money | Money Talks: Don’t Forget The 1929 Crash
In this Money Talks: Felix Salmon and Elizabeth Spiers are joined by journalist Andrew Ross Sorkin to discuss his new book 1929, a detailed account of what led to Wall Street’s most devastating crash. They’ll discuss the lessons we should keep from the systemic failure that resulted in the Great Depression and why the knowledge feels as relevant as ever today. Â
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Slate Money | What Even Is Money?
This week: The price of gold has skyrocketed to over $4k an ounce. Felix Salmon, Elizabeth Spiers, and Emily Peck speculate why this might be happening right now – or if there even is a “why”. Then, Intercontinental Exchange has announced an investment of $2 billion in Polymarket, upping the valuation from $1 billion to $8 billion. The hosts discuss what makes prediction markets so big right now and the increasingly murky distinction between "betting” and “investing”. And finally, several Bob Ross paintings are being auctioned for charity prompting a Slate Money listener to ask what the market is for his work. Felix breaks down t...
ICYMI | Taylor Swift Is Rewriting Her Internet History
Kate Lindsay and Candice Lim wade through the negative reactions to Taylor Swift’s album The Life of a Showgirl. From outdated meme references to clunky shots at other female artists, Swift’s album indicates an oddly distant relationship with the internet. However, is she a devious online mastermind or a blundering millennial? Plus, why it’s important that this album’s backlash has gone largely unchallenged by fellow Swifties.
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What Next: TBD | Saudi Arabia Gets into EA’s Games
How one of the largest video game companies was bought for $55 billion by a group that includes Saudi Arabia’s sovereign wealth fund and Jared Kushner.
Guest: Jason Schreier, Bloomberg reporter
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Podcast production by Evan Campbell, and Patrick Fort.
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Slate Money | Argentina First?
This week: Felix Salmon finally gets to nerd out on Argentina's economy as Trump goes against the GOP playbook by bailing the country out to the tune of $20 billion. Felix, Elizabeth Spiers, and Emily Peck break down why this is such an unusual move, how it shows Trump’s favoritism, and what it means for America’s soy farmers. Then, the US government has officially shut down but stocks are soaring. The hosts talk about who, if not Wall Street, is economically impacted by the shutdown. And finally, Jared Kushner helped broker a record-breaking $55 billion private equity deal for Elec...
ICYMI | Saudi Arabia Is Coming For The Sims
On today’s episode, hosts Candice Lim and Kate Lindsay are joined by Slate senior editor Tony Ho Tran to talk about why it matters that EA Games has been sold to Saudi Arabia and Jared Kushner. In addition to likely cost-cutting, this new ownership puts games like The Sims even more at risk of censorship, especially when it comes to LGBTQ+ characters. If your Sim groom can’t end up making out with his new father-in-law at the end of his wedding, then what is The Sims even for?
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What Next: TBD | Who Owns TikTok Now?
TikTok exploded to popularity not by giving users what they asked for—but by figuring out what users really were interested in, and serving that.Â
What happens to this algorithm if Bytedance cedes control of it to the U.S.?Â
Guest: Emily Baker White, senior writer at Forbes and the author of Every Screen on the Planet: The War Over TikTok
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Slate Money | Money Talks: How Basquiat's Art Became a Good Investment
In this Money Talks: Felix Salmon is joined by Doug Woodham, author of the upcoming biography Jean-ÂMichel Basquiat: The Making of an Icon, to discuss Basquiat’s path to becoming a darling of the art market. They discuss the idiosyncrasies of the art market and why Basquiat – the “Jimi Hendrix” of the art world – was initially undervalued but later became part of the modern day art canon.Â
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What Next: TBD | Trapped in a Tesla
When you’re getting out of an Uber, Tesla’s unintuitive door handle can embarrass you. In an emergency, getting out of the car quickly can be the difference between life and death.
Guest: Dana Hull, Bloomberg News reporter covering Tesla and Elon MuskÂ
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Slate Money | Three-Headed AI Unicorn
This week: NVIDIA has announced a $100 billion investment in OpenAI to help build out data centers equipped with NVIDIA chips. Felix Salmon, Elizabeth Spiers, and Emily Peck, joined by Bloomberg’s Max Chafkin, examine the complexities of this massive deal and why it might feed the argument that the AI boom is a bubble. Then,Trump has announced a $100,000 fee for H-1B visas.They discuss how the clunky rollout of this plan has caused chaos and what it signals about the administration's immigration goals. And finally, Max explains how a parody of Enron that turned into a memecoin fi...
ICYMI | Jimmy Kimmel & The Death Of Free Speech Online
On today’s episode, hosts Candice Lim and Kate Lindsay are joined by Spitfire News writer Kat Tenbarge to discuss how reactions to Charlie Kirk’s death are prompting us to reexamine free speech. In her piece, “Is anyone going to defend free speech online?” she explains how this right has long been under threat. From legal challenges to biased algorithms, the internet is being censored right before our eyes—but there are still ways we can fight back.Â
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What Next | How Big Media Obeys in Advance
Media giants like Paramount and Disney have been swift to capitulate to the Trump administration and the tenacious head of the FCC, Brendan Carr. Why new ownership from the likes of the Ellisons is likely to make things worse.
Guest: Nitish Pahwa, staff writer for business and tech at Slate.
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What Next: TBD | Is A.I. Taking Your Job?
If you’re hunting for a job, the odds are increasingly likely you’ll have an interview with an artificial intelligence “recruiter.” And why not? It’s also increasingly likely you’ll be working with A.I. anyway.Â
Guest: Danielle Abril, technology-in-the-workplace reporter for the Washington Post.
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Slate Money | The Nerds' Last Stand at the Fed
This week: The Fed announced an expected rate cut with an unexpected dissent.   Felix Salmon, Elizabeth Spiers, and Emily Peck are joined by Axios’ Neil Irwin who breaks down why the Fed meeting was so unusual – thanks to the very recent Trump appointee Stephen Miran– and what it means for the future of the central bank. Then, AMEX announced an increase that brings their Platinum fee to $895. Neil and the hosts reflect on the trend of making credit cards more and more premium and explain why you should think again before signing up. And finally, Publishers Clearing House filed for bankr...
What Next: TBD | A Very Online Shooter
As the Charlie Kirk murder demonstrated, law enforcement, the government, and media all need more internet fluency. But their reactions in the wake of the murder don’t seem to be moving towards a better understanding.Â
Guest: Â Ryan Broderick, reporter on online culture, author of the newsletter Garbage Day.
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What Next | Trump’s Getting His Economy. Yikes.
Donald Trump has been calling for the Fed to cut rates to bolster the economy, and yesterday, they announced they would. The bad news is that’s because the economy is going to need a lot more bolstering.
Guest:Â Justin Wolfers, economist and professor at the University of Michigan
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Slate Money | Money Talks: Battle of the AI Bots
In this Money Talks: Elizabeth Spiers is joined by Pulitzer Prize-winning journalist Gary Rivlin to discuss his book AI Valley, a deep dive into the Silicon Valley companies that are competing to create the best–and most profitable–AI model. Gary has been covering the tech world for decades and has seen the major players in this arms race evolve over that time. He discusses the perspectives of the companies competing for AI superiority, what we should and shouldn’t be worried about when it comes to this technology, and how he sees the AI boom playing out.Â
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