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Slate News

Slate Money - First Class Food Fomo

Slate News

Slate Podcasts

News, News Commentary, Politics

4.56K Ratings

🗓️ 24 September 2022

⏱️ 37 minutes

🧾️ Download transcript

Summary

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the sale of Citrix, Barbados’ Blue Bonds, and how fancy food could save airlines.

 

In the Plus segment: The economics of timeshares.

 

Podcast production by Jessamine Molli.


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Hello, welcome to the first class food fomo episode of Slate Money, your guide to the business and finance news of the week.

0:21.9

I'm Felix Simon of Axios.

0:23.3

I'm here with Elizabeth Spires.

0:25.1

Hello.

0:25.8

We're also joined by my colleague, Emily Peck.

0:29.1

Hello, hello.

0:30.3

And we are going to talk about food on planes

0:32.7

and how it's basically a way to make people in the economy feel that they're missing out.

0:37.9

We are going to talk about a wonderful little piece of financial engineering in the Caribbean

0:43.8

by Barbados, who has done some stuff with their bonds and has managed to create $50 million

0:51.4

out of thin air to put into their oceans. It's all good.

0:59.4

And we are going to talk about Citrix and Twitter and high-yield bonds and junk bonds.

1:02.9

It's all coming up on Slate Money.

1:05.6

So, Emily, yes.

1:13.3

Do we always enjoy a moment of Chardon Freider when Bank of America and Credit Suisse and a bunch of big banks lose hundreds of millions of dollars on misbegotten deals?

1:20.2

I mean, it's not the worst thing.

1:22.8

When I was thinking about the story, I did wonder, does it, has anyone been hurt by this?

1:28.8

Oh, the big banks.

1:30.1

Hmm, that's fine.

1:32.7

It's a victimless fuck-up.

1:34.7

It appears to be, yes.

1:36.3

We're talking about this go-private deal for Citrix, which is, what is it?

...

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