The race for ever-faster trades has "absolutely no social value," says a billionaire who helped bring computers to financial markets.
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Tagged with “money”
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A Father Of High-Speed Trading Thinks We Should Slow Down : Planet Money : NPR
Tagged with npr planet money economics algorithmic trading
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The Friday Podcast: Who Killed Lard? : Planet Money : NPR
You rarely see lard on menus. There aren’t shelves and shelves of it in every supermarket. In this country, we’ve sort of lost touch with the once beloved pig fat.
On today’s podcast, we ask — who killed lard? Was it Upton Sinclair? His novel, The Jungle, contained this memorable passage about the men who cook the lard:
"…and as for the other men, who worked in tank rooms full of steam, and in some of which there were open vats near the level of the floor, their peculiar trouble was that they fell into the vats; and when they were fished out, there was never enough of them left to be worth exhibiting,— sometimes they would be overlooked for days, till all but the bones of them had gone out to the world as Durham’s Pure Leaf Lard!"
Or should we blame William Procter and James Gamble? It was their company which created a new alternative to lard — the "pure and wholesome" Crisco.
http://www.npr.org/blogs/money/2012/01/06/144806987/the-friday-podcast-who-killed-lard
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Mark Bittman on Taxing Bad Food to Subsidize the Good
New York Times columnist Mark Bittman talks about taxing unhealthy foods. His article in the Times’ Sunday Review on July 24, “Bad Food? Tax It, and Subsidize Vegetables,” looks at why it’s so difficult to market healthy foods successfully.
http://www.nytimes.com/2011/07/24/opinion/sunday/24bittman.html?_r=1
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The Friday Podcast: How Money Got Weird : Planet Money : NPR
An airline, the price of oil and the financialization of the global economy. On today’s show, author and former banker Satyajit Das talks about his career and the trouble with the rise of finance.
http://www.npr.org/blogs/money/2011/09/30/140954343/the-friday-podcast-how-money-got-weird
Tagged with npr planet money economics
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Earn Passive Income as a Creative Type
Brian’s podcasts on different career strategies for people who consider themselves
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The Tuesday Podcast: Stealing Our Way To A T-Shirt : Planet Money : NPR
It turns out it’s really hard for a small team of public radio employees to turn themselves into a cutting-edge apparel company.
Tagged with npr planet money economics clothing fashion intellectual property
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When Cinnamon moved markets — Planet Money #148
Economist editor Tom Standage says if you want to get a good picture of world history, you should look at spices.
In his book, An Edible History of Humanity, Standage writes about how tall tales of carnivorous birds and flying snakes let Arab middleman charge Europeans inflated prices for cinnamon and pepper for years. Standage says it wasn’t until an Indian ship went adrift in the Red Sea that the Europeans realized there was an easier route to get all those spices they had been craving.
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Nils Gilman: Deviant Globalization
Nils Gilman describes deviant globalization as "the unpleasant underside of transnational integration."
There’s nice tourism, and then sex tourism, such as in Thailand and Switzerland. The vast pharmacology industry is matched by a vast traffic in illegal drugs. The underside of waste disposal is the criminal dumping in the developing world of toxic wastes from the developed world. Military activities worldwide are fed by a huge gray market in weapons. Internet communications are undermined by floods of malware doubling every year. Among the commodities shipped around the world are exotic hardwoods, endangered species, blood diamonds, and stolen art worth billions in ransom. Illegitimate health care includes the provision of human organs from poor people — you can get a new kidney with no waiting for $150,000 in places like Brazil, the Philippines, Istanbul, and South Africa. Far overwhelming legal immigration are torrents of illegal immigrants who pay large sums to get across borders. And money laundering accounts for 4-12% of world GDP — $1.5 to 5 trillion dollars a year.
These are not marginal, "informal" activities. These are enormous, complex businesses straight out of the Harvard Business Review. The drug business in Mexico, for example, employs 400,000 people. A thousand-dollar kilo of cocaine grows in value by 1400-percent when it crosses into the U.S. — nice profit margin there.
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Ok Go - Rock & Roll Economics - Planet Money
The lead singer of the band OK Go, famous for the video where they dance on treadmills, talks about the economics of Rock and his band’s decision to leave their label and start their own record company.
Tagged with economics planet money ok go music rock and roll
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What Next? Surviving the 21st Century
The list of challenges facing the world is proliferating rapidly from climate change to nuclear proliferation and nobody seems to have much of a grip on what is going on. In this public dialogue hosted by Global Policy, a new innovative and interdisciplinary journal, Chris Patten and Professor David Held will discuss what we know in each of these areas and how progress can be made.
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