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Tag Archives: economics

Who’s Hiring These Days? The FDIC

With some banks closing and many others announcing massive layoffs, this is clearly not a good time to find a job in the financial industry. But business is booming for the Federal Deposit Insurance Corp. The government agency insures bank deposits and takes over whenever a bank fails — an almost weekly occurrence these days.  [...]

After A Pirate Negotiation, A Personal Connection

Our last story explored the business plan of Somali piracy.  Per Gullestrup ransomed his ship, his crew was released and headed home. The pirates, in the Gulf of Aden, headed off.  But the story didn’t end there.  Listen here.

Behind The Business Plan Of Pirates Inc.

Piracy off the coast of Somalia has become an international problem — and an international business. Navy SEALS rescued an American merchant captain earlier this month after Somali pirates raided the Maersk Alabama as it was making its way around the Horn of Africa to deliver aid.
But the issues of criminality and the potential for [...]

Coats, Ships and Pita Bread

People talk about “the global economy,” but many connections are hard to see.  What’s the connects clothes shopping in England to a shipping company in Copenhagen to a bakery in Egypt?  Listen here.

What Exactly is a Trillion?

The International Monetary Fund this week estimated that it will eventually write down $2.7 trillion dollars in assets.  Just what is a trillion.  Some ways to think about it.  Listen here.

Name this Economic Downturn

The subprime crisis, the credit crunch, the recession — all are clearly part of one enormous economic mess that, at the moment, is nameless.  There’s no question that we’re living through a historic downturn. But what will we call it?  Listen here.

How 6 Parts Nearly Delayed World’s Biggest Airliner

In a global economy, an airplane’s production can be threatened by events thousands of miles away. Here’s how six pieces of metal nearly cost engineer Ben Hempstead half a million dollars and held up the largest passenger plane in history.  Listen here.

A Strange Shortage Illustrates The Global Economy

If anyone needs more proof that we’re all part of a global economy, picture this: A young woman in Philadelphia is trying to decide on a rug for her new home, a mother in Japan is buying groceries for her kids, and a grain farmer in North Dakota is facing a strange and serious shortage. [...]

Using Mail As An Economic Indicator

There are lots of ways to measure the health of the economy: the inflation rate, GDP and unemployment numbers. There’s another economic index — measured by someone you may have never considered an expert on economic matters — your mailman.  Listen here.

Currency Traders Spy Opportunity In Crazy Times

Tiny changes in the dollar can mean huge gains or losses or currency traders.  Over the last couple of months, currencies have moved so much these guys aren’t getting much rest.  Listen here.