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A controversial idea at the heart of Bidenomics

Réka Juhász is a professor of economics at the University of British Columbia, and she studies what's known as industrial policy.

That's the general term for whenever the government tries to promote specific sectors of the economy. The idea is that they might be able to supercharge growth by giving money to certain kinds of businesses, or by putting up trade barriers to protect certain industries. Economists have long been against it. Industrial policy has been called a "taboo" subject, and "one of the most toxic phrases" in economics. The mainstream view has been that industrial policy is inefficient, even harmful.

For a long time, politicians largely accepted that view. But in the past several years, countries have started to embrace industrial policy—most notably in the United States. Under President Biden, the U.S. is set to spend hundreds of billions of dollars on industrial policy, to fund things like microchip manufacturing and clean energy projects. It's one of the most ambitious tests of industrial policy in U.S. history. And the billion dollar question is ... will it work?

On today's show, Réka takes us on a fun, nerdy journey to explain the theory behind industrial policy, why it's so controversial, and where President Biden's big experiment might be headed.

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How unions are stopped before they start (Update)

(Note: This episode originally ran in 2023.)

Union membership in the U.S. has been declining for decades. But, in 2022, support for unions among Americans was the highest it's been in decades. This dissonance is due, in part, to the difficulties of one important phase in the life cycle of a union: setting up a union in the first place. One place where that has been particularly clear is at the Volkswagen plant in Chattanooga, Tennessee.

Back in 2008, Volkswagen announced that they would be setting up production in the United States after a 20-year absence. They planned to build a new auto manufacturing plant in Chattanooga.

Volkswagen has plants all over the world, all of which have some kind of worker representation, and the company said that it wanted that for Chattanooga too. So, the United Auto Workers, the union that traditionally represents auto workers, thought they would be able to successfully unionize this plant.

They were wrong.

In this episode, we tell the story of the UAW's 10-year fight to unionize the Chattanooga plant. And, what other unions can learn from how badly that fight went for labor.

This episode was hosted by Amanda Aronczyk and Nick Fountain. It was produced by Willa Rubin. It was engineered by Josephine Nyounai, fact-checked by Sierra Juarez, and edited by Keith Romer. Alex Goldmark is our executive producer.

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The birth of the modern consumer movement

Today on the show, the story of the modern consumer movement in the U.S. and the person who inspired it: Ralph Nader. How Ralph Nader's battle in the 1960s set the stage for decades of regulation and sparked a debate in the U.S. about how much regulation is the right amount and how much is too much.

This episode was made in collaboration with NPR's Throughline. For more about Ralph Nader and safety regulations, listen to their original episode, "Ralph Nader, Consumer Crusader."

This Planet Money episode was produced by Emma Peaslee and edited by Jess Jiang.

The Throughline episode was produced by Rund Abdelfatah, Ramtin Arablouei, Lawrence Wu, Julie Caine, Anya Steinberg, Casey Miner, Cristina Kim, Devin Katayama, Peter Balonon-Rosen, Irene Noguchi, and fact-checking by Kevin Volkl. The episode was mixed by Josh Newell.

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Zombie mortgages are coming back to life

Karen McDonough of Quincy, Mass., was enjoying her tea one morning in the dining room when she saw something odd outside her window: a group of people gathering on her lawn. A man with a clipboard told her that her home no longer belonged to her. It didn't matter that she'd been paying her mortgage for 17 years and was current on it. She was a nurse with a good job and had raised her kids there. But this was a foreclosure sale, and she was going to lose her house.

McDonough had fallen victim to what's called a zombie second mortgage. Homeowners think these loans are long dead. But then the loans come back to life because they get bought up, sometimes for pennies on the dollar, by debt collectors that then move to collect and foreclose on people's homes.

On today's episode: An NPR investigation reveals the practice to be widespread. Also, what are zombie mortgages? Is all this legal? And is there any way for homeowners to fight the zombies?

You can read more about zombie second mortgages online at: npr.org/zombie

Correction: An earlier version of this episode description misspelled Karen McDonough's last name as MacDonough.

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Summer School 4: Banker vs president and the birth of the dollar

Episodes each Wednesday through labor day. Find all the episodes from this season here. And past seasons here. And follow along on TikTok here for video Summer School.

Planet Money Summer School has arrived at the birth of the United States and the chance to set up a whole new economy from scratch. Should there be a centralized bank? Should there be a single currency? We'll travel to two moments in the country's early history when the founders said "nope" to these questions and see what happened.

First we'll witness one of the great economic battles in U.S. history – the president of the United States versus the president of the Bank of the United States – and see how the outcome ushered in an age of financial panics. Then we'll drop in on a time before the U.S. dollar existed as we know it, when you could buy things using one of about 8,000 forms of money circulating in the country. We watch as the Civil War leads to the first standard currency. Along the way, we'll learn why the cycle of economic booms and busts persists to today despite efforts to centralize America's economy throughout history.

This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Sofia Shchukina.

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How to fix a housing shortage

When Cody Fischer decided to get into real estate development, he had a vision. He wanted to build affordable, energy efficient apartments in Minneapolis, not far from where he grew up.

His vision was well-timed because, in 2019, Minneapolis's city council passed one of the most ambitious housing plans in the nation. One aim of that plan was to alleviate the city's housing shortage by encouraging developers like Cody to build, build, build.

But when Cody tried to build, he ran into problems. The kinds of problems that arise all over the country when cities confront a short supply of housing, and try to build their way out.

Today on the show, NIMBYism, YIMBYism and why it's so hard to fix the housing shortage. Told through the story of two apartment buildings in Minneapolis.

This episode was hosted by Amanda Aronczyk and Kenny Malone. It was produced by Emma Peaslee and Sofia Shchukina, and edited by Molly Messick. It was engineered by James Willets and fact-checked by Sierra Juarez. Alex Goldmark is Planet Money's executive producer.

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So imPORTant: Bananas, frogs, and... Bob's??

Even in our modern world with planes and jets and drones, the vast majority of goods are moved around the planet in cargo ships. Which means our ports are the backbone of our global economy. The longshoremans' strike closed the eastern ports for only three days, but those three days raised a lot of questions.

Like - why is a discount furniture store the fourth largest importer on the East Coast? How come so many bananas come through Wilmington, Delaware? Why do we need live frogs delivered into the US six times a month? And... how do we even keep track of all of these imports? On today's episode, we get into #PortFacts!

This episode was hosted by Kenny Malone and Amanda Aronczyk. It was produced by Sam Yellowhorse Kesler. It was edited by Audrey Quinn, and fact-checked by Dania Suleman. Engineering by Cena Loffredo and Kwesi Lee with an assist from Valentina Rodriguez Sanchez. Alex Goldmark is Planet Money's executive producer.

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EXTRA: The Kids From North Baghdad

In celebration of our 20th Anniversary, StoryCorps will be revisiting some of our most memorable conversations from the past two decades. This week, we announce an upcoming special series with this short story from our Military Voices Initiative.

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EXTRA: Why I'm On This Earth

As StoryCorps' 20th anniversary approaches, we'll be looking back at important moments both in our history and the country's. This week — one more short story from our Military Voices Initiative. Sergeant Ocean Subiono tells his father, Russell Subiono, about what happened when he tried to enlist.

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Sense of Place: Meet the composer behind 'Super Mario Kart'

Soyo Oka walks us through her journey from studying classical music to calling up Nintendo looking for a gig.

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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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Tune in to a mini-concert with The Felice Brothers

The New York-based folk rock band perform songs from their latest album, Valley of Abandoned Songs.

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Tune in to a mini-concert with The Dip

The funk, soul and R&B band from Seattle explores the more complicated side of love on their latest album, Love Direction.

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Tune in to a mini-concert with English Teacher

This English indie rock band formed while studying at the Leeds Conservatoire in 2020. Four years laters, they won the Mercury Prize.

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Tune in to a mini-concert with TEKE::TEKE

The Montreal-based band blends together different influences, from japanese folk to J-Pop and Brazilian surf rock.

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Sense of Place: Fort Collins is a melting pot of music

Tune in to a mini-concert with Latin pop and hip hop group 2MX2, plus learn about the foundation cultivating Fort Collins' music scene.

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Sense of Place: This Colorado bluegrass quartet was only supposed to play once

Big Richard formed to play a one-off festival gig, then the quartet fell in love with playing together.

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Sense of Place: Boulder-bred Pink Fuzz makes riotous desert rock

Just like their name implies, this desert rock trio is buzzy, loud and fun.

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Manoush's Favorites: Jumpstarting Creativity

We're hard at work on new episodes of the TED Radio Hour, which will start rolling out in March. In the meantime, new host Manoush Zomorodi shares some of her favorite episodes of the show. This episode originally aired on May 10, 2019.

Our greatest breakthroughs and triumphs have one thing in common: creativity. But how do you ignite it? And how do you rekindle it? This hour, TED speakers explore ideas on jumpstarting creativity.

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From Manoush: The Opportunity Of Boredom

With many of us stuck at home right now, it's natural to feel bored and listless. But our new host Manoush Zomorodi is kind of an expert in boredom - she wrote a book and gave a TED Talk on the topic - and she says it doesn't have to be so bad. In 2018, Guy Raz interviewed Manoush for our episode "Attention Please." Listen to why we might actually need to feel bored in order to jump-start our creativity.

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Uncharted

There's so much we've yet to explore—from outer space to the deep ocean to our own brains. This hour, Manoush goes on a journey through those uncharted places, led by TED Science Curator David Biello.

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Listen Again: Uncharted

Original broadcast date: March 27, 2020. There's so much we've yet to explore—from outer space to the deep ocean to our own brains. This hour, Manoush goes on a journey through those uncharted places, led by TED Science Curator David Biello.

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The Artist's Voice

Art not only spreads joy, but also inspires us to think deeply about the world around us. This hour, TED speakers explore how dance, poetry, and film can shift beliefs and empower creative expression. Guests include choreographer Camille A. Brown, director Jon M. Chu, and poets Amanda Gorman and Lee Mokobe.

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Listen Again: Uncharted (2020)

Original broadcast date: March 27, 2020. There's so much we've yet to explore—from outer space to the deep ocean to our own brains. This hour, Manoush goes on a journey through those uncharted places, led by TED Science Curator David Biello.

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Heartache

When stress, fear or sadness weigh on us, our hearts can suffer — even break. But there are ways to mend our broken hearts. This hour, TED speakers share stories and ideas about soothing heartache. Guests include cardiologist Sandeep Jauhar, law professor Jeannie Suk Gersen, pediatric nurse Hui-wen Sato, and climate activist Knut Ivar Bjørlykhaug.

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Listen Again: The Artist's Voice

Original broadcast date: May 13, 2021. Art not only spreads joy, but also inspires us to think deeply about the world around us. This hour, TED speakers explore how dance, poetry, and film can shift beliefs and empower creative expression. Guests include choreographer Camille A. Brown, director Jon M. Chu, and poets Amanda Gorman and Lee Mokobe.

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Work, Play, Rest - Part 1

The past few years have shaken the fundamental ways we live. It's... disorienting. But it's also an opportunity to reexamine how we spend our time. Over the next three episodes, TED speakers will investigate evolving notions of what it means to pay our bills, feel joy in play, and rest our minds and bodies. This hour: Work. Guests include labor organizer Jess Kutch, social entrepreneur Irma Olguin, and tech reporter Kevin Roose.

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Work, Play, Rest - Part 2

As kids, play comes naturally. But over time, it gets replaced with work. This hour, TED speakers explore how to reconnect with play—to spark creativity, combat despair, and find our way in the world. Guests include musician Jacob Collier, human rights activist Yana Buhrer Tavanier, and web developer Stuart Duncan.

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Work, Play, Rest - Part 3

Rest is so much more than just a good night's sleep. From human hibernation to ASMR to the science of dreams, we explore how to nourish our minds and bodies with different forms of rest. Guests include physiologist Craig Richard, psychologist Dylan Selterman, hibernation researcher Matteo Cerri, and journalist Celeste Headlee.

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Listen Again: Heartache

Original broadcast date: October 1, 2021. When stress, fear or sadness weigh on us, our hearts can suffer — even break. But there are ways to mend our broken hearts. This hour, TED speakers share stories and ideas about soothing heartache. Guests include cardiologist Sandeep Jauhar, law professor Jeannie Suk Gersen, pediatric nurse Hui-wen Sato, and climate activist Knut Ivar Bjørlykhaug. Want to give us feedback? You can take a short, anonymous survey at npr.org/podcastsurvey. Tell us what you like, and how we can improve. Thanks!

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Listen Again: Work, Play, Rest - Part 1

Original broadcast date: February 4, 2022. The past few years have shaken the fundamental ways we live. It's... disorienting. But it's also an opportunity to reexamine how we spend our time. Over the next three episodes, TED speakers will investigate evolving notions of what it means to pay our bills, feel joy in play, and rest our minds and bodies. This hour: Work. Guests include labor organizer Jess Kutch, social entrepreneur Irma Olguin, and tech reporter Kevin Roose.

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Listen Again: Work, Play, Rest - Part 2

Original broadcast date: February 11, 2022. As kids, play comes naturally. But over time, it gets replaced with work. This hour, TED speakers explore how to reconnect with play—to spark creativity, combat despair, and find our way in the world. Guests include musician Jacob Collier, human rights activist Yana Buhrer Tavanier, and web developer Stuart Duncan.

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Listen Again: Work, Play, Rest - Part 3

Original broadcast date: February 19, 2022. Rest is so much more than just a good night's sleep. From human hibernation to ASMR to the science of dreams, we explore how to nourish our minds and bodies with different forms of rest. Guests include physiologist Craig Richard, psychologist Dylan Selterman, hibernation researcher Matteo Cerri, and journalist Celeste Headlee.

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Mind, Body, Spirit - Part 1

For millennia, humans have debated the mind, body, spirit connection. But today, the phrase sounds trite — a hallmark of the #selfcare industry. Over the next three episodes, TED speakers will investigate fresh perspectives on how we think, move, and feel. This hour: the mind. Guests include animal behaviorist and autism activist Temple Grandin, podcast host and meditation advocate Dan Harris, neurointerventionist and entrepreneur Tom Oxley and poet Sarah Kay

Starting Wednesday, March 22, TED Radio Hour Plus subscribers will 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 ads. Sign-up at plus.npr.org/ted.

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Mind, Body, Spirit - Part 2

We know it's important to listen to our bodies and trust how we feel — but it's not always easy. In part 2 of our series Mind, Body, Spirit, TED speakers explore ideas about movement, pleasure and rest. Guests include choreographer Ryan Heffington, news anchor Lee Thomas, aerialist and educator Adie Delaney and therapist KC Davis.

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 ads. Sign-up at plus.npr.org/ted.

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Mind, Body, Spirit - Part 3

When times get tough, how do we keep our spirits up? In part 3 of our series Mind, Body, Spirit, TED speakers tell stories of salvaging the human psyche and rekindling a zest for life. Guests include author Tania Luna, artist JR and tech entrepreneur Artur Sychov.

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Artist in Exile

Shirin Neshat is seen as a powerful voice for Iranian women...but her art has never been shown in Iran. She speaks on life in exile and how her acclaimed and controversial art is shaped by politics. You can watch a version of this interview on YouTube here. 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 ads. Sign-up at plus.npr.org/ted.

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Body Electric Part 1: The Body Through The Ages

In this special series, host Manoush Zomorodi investigates the relationship between our technology and our bodies and asks: How are we physically adapting to meet the demands of the Information Age? Why do so many of us feel utterly drained after a day spent attached to our devices?

Part one kicks off with an exploration into how economic eras have shaped the human body in the past with author Vybarr Cregan-Reid. Then, Columbia University researcher and exercise physiologist Keith Diaz and Manoush discuss his findings and propose a challenge to listeners: Let's see if we can end this cycle of type, tap, collapse together.

Click here to find out more about the project: npr.org/bodyelectric

Talk to us on Instagram @ManoushZ, and on Facebook @tedradiohour, or record a voice memo and email it to us at BodyElectric@npr.org.

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Body Electric Part 2: When Human Met Desk

In part two: host Manoush Zomorodi delves into how we met and fell hard for the personal computer—and why we continue to have this committed, yet tortuous relationship. We hear from historian Laine Nooney on how the computer revolution forever changed the way we use our bodies at work, at school and at home.

Manoush also visits the Exercise Testing Laboratory at Columbia University Medical Center where researchers collect data on how her body responds to a day of sitting compared to a day of constant movement breaks.

Click here to find out more about the project: npr.org/bodyelectric

Are you signed up for Columbia's study, or following along with the series? We want to hear your thoughts! Send us a voice memo at bodyelectric@npr.org. Talk to us on Instagram @ManoushZ, and on Facebook @tedradiohour.

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Body Electric Part 3: Why Our Eyes Are Elongating

In part three: host Manoush Zomorodi explores how our tech habits are causing our eyes to change shape—to elongate—which causes nearsightedness. She investigates why rates of myopia among kids are soaring. She speaks with Maria Liu, an optometrist with a quest to slow down the progression of myopia in children by opening the first ever myopia control clinic in the United States.

Later in the episode, we hear from a team of employees who tried incorporating "movement snacks" into their days for one week.

Click here to find out more about the project: npr.org/bodyelectric

Are you signed up for Columbia's study, or following along with the series? We want to hear your thoughts! Send us a voice memo at bodyelectric@npr.org. Talk to us on Instagram @ManoushZ, and on Facebook @tedradiohour.

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Body Electric Part 4: Below the Belt

In part four: host Manoush Zomorodi explores the connection between our posture and our mood. A lot of us associate our neck and back pain with spending hours hunched over our phones and laptops. But what if that hunched posture is also making us feel tired, stressed, and anxious? Neuroscientist Peter Strick discusses his groundbreaking research on why exercising our core muscles lowers our stress.

Also in this episode: how a faulty, incorrect study went viral — claiming smartphones were causing people to grow horns on their backs. Science journalist Nsikan Akpan sets the record straight. Later, writer Paul Ingraham shares his daily strategy for doing movement snacks and strength building while balancing deadlines.

Click here to find out more about the project: npr.org/bodyelectric

Are you signed up for Columbia's study, or following along with the series? We want to hear from you! Send us a voice memo at bodyelectric@npr.org. Talk to us on Instagram @ManoushZ, and on Facebook @tedradiohour.

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Body Electric Part 5: The Mind-Body-Tech Connection

In part five: host Manoush Zomorodi investigates what information overload does to our physical and mental health. Could our tech use be interfering with the critical dialogue that takes place between the body and the brain? Psychiatrist and neuroscientist Sahib Khalsa shares his latest research on interoception — the brain's ability to sense how the body is feeling — and how finding time to unplug from our devices can help us tune into our body's natural signals.

Also in this episode: neurologist Caroline Olvera takes us inside the "TikTok tics" outbreak — exploring why thousands of teens developed Tourette's-like symptoms after watching TikTok videos in 2021. Plus, how a school in Washington, DC helps kids stay connected to their bodies by creating a high-movement, low-tech environment.

Click here to find out more about the project: npr.org/bodyelectric

Are you signed up for Columbia's study, or following along with the series? We want to hear from you! Send us a voice memo at bodyelectric@npr.org. Talk to us on Instagram @ManoushZ, and on Facebook @tedradiohour.

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Body Electric Part 6: Walk Into The Future

In part six: host Manoush Zomorodi digs into the preliminary results of the listener study with Columbia University researcher Keith Diaz. He shares the surprising — and encouraging — initial findings from more than 20,000 listeners who tried to incorporate movement breaks into their day.

Also on this episode, listener Dana Lopez Maile shares how the study was a "game changer" for her health. Yiliu Shen-Burke, founder of the augmented reality app SoftSpace, explains his vision of augmented reality. Finally, Manoush explores the future of screen time in a new era of artificial intelligence, and the inextricable convergence of humans and machines.

Click here to find out more about the project: npr.org/bodyelectric

We'd love to hear what you thought of the Body Electric series. Go to npr.org/tedsurvey to share your feedback.

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Daily habits of a longevity expert

Dan Buettner is a National Geographic Fellow who researches Blue Zones, regions of the world where people tend to live longer. His research has looked at what habits and lifestyles contribute to longevity. In this bonus episode, he shares those habits with producer Fiona Geiran, and they discuss how Dan has incorporated many of them into his daily routine.

This bonus episode is normally something we share only with our TED Radio Hour+ supporters, but we're making this one available to everyone. To get access to all of our bonus content, listen to the show sponsor-free and support our work at NPR, sign up for TED Radio Hour+ at plus.npr.org/ted

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Ten Percent Happier with Dan Harris: How to Start A Meditation Practice

In the interest of New Year's resolutions, we're bringing you this bonus episode from our friends at the Ten Percent Happier podcast. Host Dan Harris speaks with meditation expert Jon Kabat-Zinn about starting a practice and being more mindful in our everyday lives.

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Heartache

Original broadcast date: October 1, 2021. When stress, fear or sadness weigh on us, our hearts can suffer — even break. But there are ways to mend our broken hearts. This hour, TED speakers share stories and ideas about soothing heartache. Guests include cardiologist Sandeep Jauhar, law professor Jeannie Suk Gersen, pediatric nurse Hui-wen Sato, and climate activist Knut Ivar Bjørlykhaug.

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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What's driving generations apart—and ideas to bring them together

Boomers, Gen X, Millennials, Gen Z seem to be more divided than ever. But why are tensions running high now? This hour, TED speakers explore new reasons for this generation gap—and how to bridge it. Guests include professor and author Scott Galloway, social entrepreneur Louise Mabulo, advocate Derenda Schubert and writer Anne Helen Petersen.

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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Sports psychology for everyday life

The thrill of victory; the agony of defeat. Sports cliches are everywhere. But what does it actually take to think like a winner? This hour, TED speakers explore the psychology of winning and losing. Guests include former professional soccer player Abby Wambach, cognitive scientist Sian Leah Beilock, journalist Kate Fagan and art historian Sarah Lewis.

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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How our relationships are changing in the age of "artificial intimacy"

Early adopters are flocking to AI bots for therapy, friendship, even love. How will these relationships impact us? MIT sociologist Sherry Turkle delves into her new research on "artificial intimacy." Later in the episode, host Manoush Zomorodi speaks with Somnium Space founder Artur Sychov.

Note: A few weeks ago, we talked to Sherry Turkle in a Body Electric episode called "If a bot relationship FEELS real, should we care that it's not?" Today's episode is an even deeper dive into that conversation with Sherry. We hope you enjoy it!

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Short Wave: Big Bang Revisited

We've got a special episode for you today from our friends at Short Wave. We all think about the Big Bang as the moment when our universe—everything in existence—began right? Turns out, it's not quite that simple. Today when scientists talk about the Big Bang, they mean a period of time, closer to an era rather than a specific moment.

Short Wave host Regina Barber talks with two cosmologists about the cosmic microwave background, its implications for the universe's origins and the discovery that started it all.

This episode is part of Short Wave's Space Camp series; you can find more here: https://www.npr.org/series/g-s1-3299/short-wave-space-camp

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