Barbie, T-Swift and the Fed?

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 26 July 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Barbie and Taylor Swift are just about everywhere right now, they even got a mention at the Fed’s news conference today. Seriously! We’ll explain what these pop culture icons have to do with the today’s interest rate hike. Plus, how leaning on algorithms and AI for bureaucratic work could come with real costs for consumers. And, candid thoughts about climate change.

Here’s everything we talked about today:

- “Cigna accused of using an algorithm to automatically reject patient claims” from CBS News

- “How Cigna Saves Millions by Having Its Doctors Reject Claims Without Reading Them” from ProPublica

- “G.M. and Other Automakers Will Build 30,000 Electric Vehicle Chargers” from The New York Times

- “MIT’s ‘PhotoGuard’ protects your images from malicious AI edits” from Engadget

- “Powell Speaks on Fed Rate Hike” from The New York Times

Got a question about resuming student loan repayments for the hosts? Leave us a voicemail at 508-U-B-SMART or email us at [email protected].

Transcript

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0:00.0	Hey everybody, it's Kai.
0:01.6	Listen, is it time to upgrade your car?
0:04.2	Give it new life by donating it to Marketplace.
0:06.8	We'll use the proceeds to bring you more news about finance and the economy
0:10.4	and how they affect you.
0:12.3	Let us turn your old car into a donation to power the journalism you rely on.
0:16.4	Go to Marketplace.org slash vehicle to donate your car today.
0:21.1	I am good to go.
0:23.9	All right, let's go.
0:30.7	Hello, I'm Kimberly Adams.
0:32.9	Welcome back to Make Me Smart, where we make today make sense.
0:35.8	It's July 26th.
0:37.6	Just July this July 26th, hello Kai.
0:39.9	It's Wednesday.
0:40.6	I'm Kai Rizal.
0:41.2	Thanks everybody for joining us.
0:42.2	Today we're going to get to some news, then some smiles.
0:45.6	And then we'll get everybody on the merry way.
0:48.4	So let us go, shall we?
0:49.8	Then merry way.
0:51.4	Then merry way.
0:52.0	Yeah.
	...

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