The lucky ones at this tech firm got pay cuts.
Listener letter after the jump.
A number of listeners have asked us to look at what's happening inside our own industry -- media. Magazines have been shutting down, newspapers are canceling home delivery and furloughing staff, publications are moving online, radio networks are laying off workers. Which is just the half of it, really.
Today on Planet Money:
-- A newspaper carrier says the print edition he delivers is now too light for him to throw it onto porches properly.
-- Economist Anita McGahan, author of How Industries Evolve, studies what's known as punctuated change. She says the line between shifting and dying is not always apparent, at the time. But the first company to figure out what comes next wins.
Continue reading "Hear: The News Today, Oh, Boy" »
-- Laura Conaway
3:49 PM ET
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Congratulations to our friends over at EconTalk who captured the title of the 2008 Weblog Best Podcast Award. Despite our best efforts, Planet Money came in third behind EconTalk and the much loved Harry Podcast Mugglecast. There's always next year.
-- Caitlin Kenney
3:48 PM ET
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If all this talk over quantitative easing and split-strike conversions has left you with a headache, surf on over to the Bailout Game for minutes of mindless fun. Let the ax fall on your favorite investment banks, automakers and government-sponsored entities and watch the carnage unfold! (Thanks, Clusterstock!)
-- Alan Cordova
2:59 PM ET
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You've been hearing a lot about John Maynard Keynes, the British economist of the early 20th century who, 63 years after his death, is suddenly the single-most important thinker if you want to understand President-elect Obama's plan to get us out of this economic whole.
We're going to do a lot on Keynes. I'm on Morning Edition this Friday and This American Life over the weekend talking about the man.
I've been reading the masterful biography by Robert Skidelsky. Just get it. It's fun and fascinating even if Keynes were not, suddenly, basically running our country.
And I will give plenty of time on this blog and the podcast and on the radio to Keynes's important ideas, but I have to get some things off my chest: the things about Keynes that absolutely drive me crazy. That make me furious and frustrated and angry.
Continue reading "Some Problems With Keynes" »
-- Adam Davidson
12:51 PM ET
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