China Needs a Stimulus Bazooka

Slate Money

Slate Podcasts

Investing, Business

4.3 • 988 Ratings

🗓️ 19 October 2024

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: Big trouble in not-so-little China as the second-largest economy tries to get out of its post-COVID funk. Emily Peck, Elizabeth Spiers, and Reuters’ Anna Szymanski (filling in for Felix Salmon) discuss China’s new economic stimulus measures, which might be too-little, too late. They also discuss the secretive family behind Boar’s Head and a Sherwood piece about a mysterious $7 billion estate tax. Finally, Josh Levin joins to discuss the new season of Slow Burn, which explores how Fox News hijacked American politics. In the Plus bonus mini-episode: Starbucks wanted to be a classy Italian espresso house, but it became a modern milkshake shop for teens to loiter and flirt. Are its sugar and caffeine-packed drinks bad for otherwise upstanding youths? Or is it good they’re hanging at the ‘Bucks rather than seedier haunts? Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jared Downing and Cheyna Roth. Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and this is very
0:14.7	this is very good.
0:16.5	I'm Emily Peck of Axios and I'm here today with Elizabeth Spires of the
0:21.2	New York Times and Slate.
0:22.8	Hello!
0:23.3	And this is very exciting.
0:26.0	As you know, Felix is out on sabbatical.
0:29.3	While he is gone, we have a fantastic co-host. We have Anna Schanski. She is back with us for the next few weeks.
0:37.0	Anna, tell the people what are you up to these days?
0:41.0	So I am currently working at Reuters. I am the editor in charge of Reuters business
0:47.5	and finance commentary. Incredible. And Anna is bringing the commentary to Slate money this week. We are talking about China.
0:56.3	The Chinese economy is stumbling and we're going to get into all of that. We are talking about secretive billionaires and that
1:07.2	includes one who died and left a big chunk of money to the US Treasury and another group of billionaires who are full of
1:19.1	baloney and I'll just leave it there and you can listen and find out exactly what I'm talking about.
1:25.0	And we have another extra special guest joining us for our last segment.
1:29.9	That's Josh Levine, who is here to talk about the latest season of Slate's amazing
1:35.8	slow burn podcast. This season is all about Fox News, how it began, how it grew, how it really changed not only the media landscape,
1:46.0	but the political landscape and the culture too. All that's coming up on Slate Money.
1:51.6	When Kate and Jervais founded Health and Her in 2019,
1:56.0	they set out to transform Menopause care.
1:59.0	Through Barclay's Eagle Labs, they gained specialist industry and business expertise with support and training for the whole
2:05.1	team. But the story doesn't end here. Because Health and Her are only just getting started,
	...

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