Could you live without GPS? It's OK, the economy can't, either
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 23 September 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
An outage in those services, however, would cripple the U.S. economy. A study found that an outage could cost at least $1 billion a day ... and we don't have a backup.
Today on the show, we explain who owns GPS and why we don't have a Plan B if it fails.
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Transcript
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| 0:00.0 | NPR. |
| 0:03.0 | This is the indicator from Planet Money. I'm Waylon Wong here with friend of the show |
| 0:16.2 | Nate Hedgy. He is the host of the public radio podcast Outside In. |
| 0:20.0 | Welcome back to the show, Nate. It's so great to be back, Whelan, |
| 0:23.6 | and I have a question for you. |
| 0:26.4 | How often do you use GPS? |
| 0:28.0 | Oh, in the car? |
| 0:29.0 | I am Michael Scott driving into a lake. |
| 0:31.0 | I am just, I'll do whatever the GPS says. Can't live without it. |
| 0:35.8 | Well, you are not alone. A recent survey found that nearly half of all Americans |
| 0:40.2 | say they could not live without GPS in their car. |
| 0:44.0 | And it turns out the American economy could not live without GPS either. |
| 0:48.5 | Satellite navigation systems ensure that the clocks on Wall Street all align, that commercial fishermen |
| 0:54.1 | know where to go, and of course that your lift driver knows where to pick you up. |
| 0:57.6 | But our access to GPS is becoming increasingly vulnerable to attacks from |
| 1:02.3 | foreign adversaries. A study from a few years ago |
| 1:05.0 | found that an outage could cost our country at least one billion dollars a day. |
| 1:10.0 | And we don't have a backup. Russia does, China does, but we don't. |
| 1:15.0 | Today on the show, we're going to explain who owns GPS and why we don't have a Plan B if it fails. |
| 1:30.0 | This message comes from the Center for U.S. Voters Abroad Foundation. If you're a U.S. citizen living abroad, |
| 1:32.0 | the Center for U.S US Voters Abroad Turnout Project's |
| 1:35.2 | online form will walk you through requesting your ballot in just five minutes. |
... |
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