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SUMMER SCHOOL 3: Smooth Spending & The 401K

Even if you don't own stocks, there are a lot of reasons to care about investing. We meet some of the folks left out of the stock market who deploy sophisticated economic thinking, even creating their own alternate financial systems. Our professors help us understand how consumption smoothing and life-cycle hypothesis apply to personal finance. And we meet the creator of the 401(k). | Watch this Tik Tok to learn more and subscribe to our weekly newsletter here.

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Patent racism (classic)

Economist Lisa Cook has been nominated to serve on the Federal Reserve board. In 2020, she talked to us about proving that racism stifles innovation. | Subscribe to our weekly newsletter here.

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Wake up and smell the fraud

Sometimes online shopping can feel a little unsavory. There are the listings that make you question if you'll really be getting exactly what's advertised. And there's no worse feeling than paying for something and then not getting it. But when Nina Kollars ordered coffee pods and got WAY more than she asked for, it made her feel just as uneasy. Her quest for answers and what it teaches us about a new generation of online fraud. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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The story of "Monopoly" and American capitalism

Monopoly is one of the best-selling board games in history.

The game's staying power may in part be because of strong American lore — the idea that anyone, with just a little bit of cash, can rise from rags to riches. Mary Pilon, author of The Monopolists: Obsession, Fury, and the Scandal Behind the World's Favorite Board Game.
But there's another origin story – a very different one that promotes a very different image of capitalism. (And with two sets of starkly different rules.) That story shows how a critique of capitalism grew from a seed of an idea in a rebellious young woman's mind into a game legendary for its celebration of wealth at all costs.

This episode was made in collaboration with NPR's Throughline. For more about the origin story of Monopoly, listen to their original episode Do Not Pass Go.

This episode was produced by Emma Peaslee, mastered by Natasha Branch, and edited by Jess Jiang.

The Throughline episode was produced by Rund Abdelfatah, Ramtin Arablouei, Lawrence Wu, Laine Kaplan-Levenson, Julie Caine, Victor Yvellez, Anya Steinberg, Yolanda Sangweni, Casey Miner, Cristina Kim, Devin Katayama, and Amiri Tulloch. It was fact-checked by Kevin Volkl and mixed by Josh Newell.

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Summer School 8: Big ideas and life lessons from Marx, Keynes and Smith and more

Take the 2024 Planet Money Summer School Quiz here to earn your personalized diploma!

Find all the episodes from this season of Summer School here. And past seasons here. And follow along on TikTok here for video Summer School.

We are assembled here on the lawn of Planet Money University for the greatest graduation in history – because it features the greatest economic minds in history. We'll hear from Adam Smith, Karl Marx, John Maynard Keynes, and some surprising guests as they teach us a little bit more economics, and offer a lot of life advice.

But first, we have to wrap up our (somewhat) complete economic history of the world. We'll catch up on the last fifty years or so of human achievement and ask ourselves, has economics made life better for us all?

This series is hosted by Robert Smith and produced by Audrey Dilling. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Sofia Shchukina.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+
in Apple Podcasts or at plus.npr.org/planetmoney.

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Summer camp capitalism

Summer camp is a classic rite of passage in the U.S. It's a place of self-discovery, where kids come to make new friends and take on new challenges. But what if it were ALSO a place where children came to learn how to survive in a free market economy?

That's part of the idea behind a summer camp at JA BizTown, in Portland, Oregon. Kids at the camp run tiny fake businesses in a tiny fake town. There are retail stores and restaurants, insurance companies and power utilities. As camp begins, a gaggle of child CEOs take out business loans from their peers in the tiny fake banking industry – and they spend the day racing to run their businesses profitably enough to get out of debt before pickup time.

On today's show, Planet Money takes a romp through capitalism summer camp. Will the children of BizTown be able to make ends meet and pay back their loans to the banks? Or will a string of defaults send this dollhouse economy into financial collapse? It's Shark Tank meets Lord of the Flies.

This episode was hosted by Alexi Horowitz-Ghazi and Sally Helm. It was produced by James Sneed, and edited by Jess Jiang. It was fact-checked by Sierra Juarez and engineered by Gilly Moon. Planet Money's executive producer is Alex Goldmark.

Help support
Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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Sense of Place: The Bawdies are faithful craftsmen of the art of rock music

The Japanese band's discography is heavily inspired by the American rock of the '60s, but with their own distinctive twist.

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Amos Lee on his latest album, 'Transmissions'

The Philadelphia musician wanted to reconnect with his tight-knit circle of bandmates on his new record.

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X aren't interested in reliving old memories on 'Smoke & Fiction'

The punk pioneers talk about their ninth and final studio album.

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Clint Smith

The killing of George Floyd by a police officer has sparked massive protests nationwide. This hour, writer and scholar Clint Smith reflects on this moment, through conversation, letters, and poetry.

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Listen Again: Clint Smith

Original broadcast date: June 5, 2020. The killing of George Floyd by a police officer in 2020 sparked massive protests nationwide. This hour, writer and scholar Clint Smith reflects on this moment, through conversation, letters, and poetry.

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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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Small But Mighty

Original broadcast date: February 24, 2023. You don't need to be big and boisterous to pack a punch. This hour, TED speakers explore the surprising strength of all things minuscule and fleeting. Guests include microbiologist Anne Madden, cognitive scientist Lera Boroditsky, former educator YeYoon Kim and former industrial engineer and Zen Buddhist monk Bart Weetjens.

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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Can ‘urban humanism’ reverse L.A.’s housing crisis? In some ways, it already has

On March 7, Dana Cuff will discuss architecture’s ability to design more equitable futures at UCLA’s Faculty Research Lecture.




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Despite a significant reduction in smog-producing toxins in past decade, GTA still violates Canada’s ozone standards

TORONTO, ON — A new study shows that while the Greater Toronto Area (GTA) has significantly reduced some of the toxins that contribute to smog, the city continues to violate the Canada-wide standards for ozone air pollution. Smog, which can cause or aggravate health problems such as asthma, emphysema and chronic bronchitis, is produced by […]




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Hummingbird metabolism unique in burning glucose and fructose equally

TORONTO, ON - Hummingbird metabolism is a marvel of evolutionary engineering. These tiny birds can power all of their energetic hovering flight by burning the sugar contained in the floral nectar of their diet. Now new research from the University of Toronto Scarborough shows they are equally adept at burning both glucose and fructose, which […]



  • Forestry
  • Health & Medicine
  • Science
  • Social Sciences & Humanities
  • University of Toronto Scarborough

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Kids praised for being smart are more likely to cheat, new studies find

Toronto, ON – Kids who are praised for being smart, or who are told they have a reputation for being smart, are more likely to be dishonest and cheat, a pair of studies from the Ontario Institute for Studies in Education (OISE) at the University of Toronto and researchers in the U.S. and China has found. […]




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An Education: Mariama Diallo and PT Smith

We hear two stories about growing up, as well as listen to a preview of The Moth’s spinoff podcast: Grown.

Subscribe to Grown wherever you get your podcasts, or check out its website for more information: www.grownpod.com

If you’re a student and want to bring Moth programming to your school, visit our website themoth.org/students. If you’re a teacher, visit themoth.org/education/teachers

Hosted by: Devin Elise Wilson

Storytellers:

Mariama Diallo learns to stand up for herself, and her brother.

PT Smith discovers the magic of reading




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The Moth Radio Hour: Creatures Great & Small

In this hour, stories of encounters with the animal kingdom. Songbirds, rogue rams, carnivorous threats—and friends. This episode is hosted by Moth storyteller and host Ray Christian. The Moth Radio Hour is produced by The Moth and Jay Allison of Atlantic Public Media.

Storytellers:

Georgia Huff goes for a hike...in grizzly bear country.

Randy Horick finds meaning in a bird's song.

Michele Woods must prove she's a real Scottish local when her ram, Frowick, escapes.

After Fran Kras takes in a stray cat, a mystery unfolds.

As a child with a severe stutter, Alan Rabinowitz finds solace in speaking to animals.




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Study: U.S. Demand for Skilled Tech Workers Rises While Optimism for Finding Talent Shrinks

Many companies are looking ahead for ways to reskill their current workforce and retain their top talent.




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Smart Glasses Aid Inspection of Automotive Wire Harnesses

AI-based vision system ensures that relays and other components are installed correctly.




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Get Smart About Green Manufacturing

Green manufacturing doesn’t have to involve solar power and wind turbines. It can be turning equipment to a lower setting when not in use, switching the lighting, or even changing a plant’s operating hours in order to save electricity.




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Smart Support: Artificial Intelligence in Metrology

Discovering, evolving, and sometimes unsettling, artificial intelligence mirrors our human learning. Yet, as it integrates further, questions arise: Can it handle quality assurance? What's in the future? And crucially, how much control are we comfortable relinquishing to it?




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Collaborative Robots Emerge as Viable Automation Options for SMEs

No robot can replace a person, but they can handle dull, dangerous, or repetitive tasks, freeing up employees for more fulfilling work. Businesses need to embrace robotics to efficiently adapt to production cycles and address supply chain backlogs and labor shortages.




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Smart Measuring Systems for the Smart Factory

Today’s manufacturers are under pressure to be more flexible, reduce downtime and costs and increase efficiencies.




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White Paper: Easy and profitable measurement solutions using smart laser triangulation sensors

For fast measurements of displacement, distance and position with high accuracy and resolution, laser triangulation sensors can be used in a variety of applications. The reasons are wear-free measurement, a large measuring range, high precision and easy installation.




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Creaform and Olympus Sign Worldwide Distribution Agreement for Pipeline Integrity Assessment Solutions

Olympus now distributes Creaform’s Pipecheck Analyze software.




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If you need less sliding friction, should you make the surface rougher or smoother?

How does the surface texture affect the friction between two dry parallel sliding surfaces? It turns out that this problem has challenged some of the greatest minds in science and engineering.




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AGS Additive Manufacturing Helps Relaunch SME DFW Chapter

The association has supported the manufacturing industry for over 85 years.




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Smart Color Sensor Technology

It is crucial to hit the right color tone in the production process and to produce it homogeneously across numerous batches. Color not only leaves an impression of quality, but can also be used as an indirect variable to control the process.




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Advancements in Semi-Automated Ballistics Assessment: The Role of CT X-ray NDT

Accurate assessments of military and defense assets, especially ballistics, are crucial for battlefield success. Advanced CT X-ray nondestructive testing (NDT) and robotic systems integration have revolutionized inspections, enhancing quality control and safety.




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SmarTest Wireless Coating Thickness Testing Platform

ElektroPhysik’s SmarTest App (available at Google Play Store) combines with ElektroPhysik’s new wireless SmarTest digital SIDSP sensors to create its new coating thickness testing platform.




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OGP Smartscope M-Series 3D Multisensor Metrology Systems

Optical Gaging Products (OGP®) announced the next evolution of SmartScope® 3D Multisensor Metrology systems: SmartScope M-Series.




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Mazak SmartBox 2.0

Comprehensive device integrates advanced communication protocols and edge computing for enhanced productivity and security, ensuring safe data export from machines to factory networks.




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Teledyne Next-Gen AI-Powered Smart Camera

Teledyne DALSA announced its next generation AI-powered BOA™3 smart camera for industrial automation and inspection.




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Smart Robot Automates Inspection of Helicopter Blades

ROME—Automation firm Comau and aerospace supplier Leonardo S.p.A. are working together to develop self-adaptive robotic technology that can autonomously inspect helicopter blades up to 7 meters long.




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Styli and Probe Extensions: Small Accessories Have A Big Impact On CMM Accuracy

Styli and probe extensions can provide certainty for most measurements. Find the right tools made from the right materials for your quality needs.





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Compliance in Manufacturing: A Practical Guide for Small Manufacturers

Manufacturing compliance goes beyond ticking boxes; it's about trust and excellence. Small manufacturers can navigate complex regulations by understanding compliance history, using technology, and implementing effective strategies for success.




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Big Money from Small Data

The hype around "big data" has mainly aimed at niche market sales without delivering expected benefits. Similarly, the business world's obsession with Lean Six Sigma has shown minimal returns on investment. In contrast, over the last 25 years, I've leveraged small Excel files to significantly cut costs and increase profits, often by millions of dollars, through a reliable sequence I discovered.




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SME Education Foundation Awards Record Number of Sustainability Awards to SME PRIME Schools

43 schools receive sustainability awards, 16 schools for first time.




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A Parliament of Owls SMALLWORK CANVAS EDITION

A Parliament of Owls SMALLWORK CANVAS EDITION by Scott Gustafson is a(n) Artist Proof. The Edition is Limited to Limited Edition pcs




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The Country Mouse and the City Mouse SMALLWORK CANVAS EDITION

The Country Mouse and the City Mouse SMALLWORK CANVAS EDITION by Scott Gustafson is a(n) Artist Proof. The Edition is Limited to Limited Edition of 15 pcs




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The Fox Guarding the Henhouse SMALLWORK CANVAS EDITION

The Fox Guarding the Henhouse SMALLWORK CANVAS EDITION by Scott Gustafson is a(n) Limited Edition. The Edition is Limited to Limited Edition of 100 pcs




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java-asm2 2.2.3-7 i686

An all purpose Java bytecode manipulation and analysis framework.