Is Bribery Back?

Slate Money

Slate Podcasts

Investing, Business

4.3 • 988 Ratings

🗓️ 15 February 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: Trump has signed an order suspending the enforcement of the Foreign Corrupt Practices Act. Felix Salmon, Emily Peck, and Elizabeth Spiers speculate on his motives and on how likely it actually is that this will shield anyone from the FCPA. Then, Elon Musk has taken $80 million that was sent to New York City by FEMA directly out of the city’s account. The hosts discuss the legality and worrisome precedent of the move. Finally, inflation is still a thing. They go over the latest inflation report which of course leads to another Egg Watch 2025. In the Slate Plus episode: Japanese 7Elevens 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 Jessamine Molli. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome to Slate Money, your guide to the business and finance news of the week.
0:18.1	I'm Felix Simon of Axios with Emily Peck of Axios.
0:21.2	Hello.
0:22.0	With Elizabeth Spires of New York Times.
0:25.2	Hello.
0:25.7	We are going to talk about bribes and the Foreign Corrupt Practices Act
0:30.9	and whether people are going to be bribing more now that Donald Trump has suspended enforcement
0:36.2	thereof.
0:37.0	We are going to be talking about the weird case of Elon Musk
0:41.5	grabbing $80 million from a bank account in New York City.
0:46.1	We are going to talk about inflage, of course.
0:50.2	With Shane O'Roth, we are going to have an egg watch
0:53.5	because there's nothing better than an egg watch.
0:55.8	We have a Slate Plus segment on 7-Eleven and convenience stores and why they can't be good in America when they're so great in Japan.
1:07.2	It's all coming up on Slate Money.
1:12.1	Okay, so let's talk about one of the many orders that Donald Trump has been putting out.
1:18.4	This one didn't come out on day one.
1:20.0	It came out this week.
1:21.8	What he did is he said that he was pausing enforcement of the Foreign Corrupt Practices Act,
1:27.3	which is part of this. It's a very,
1:29.1	very central part of the sort of big 21st century international consensus on corruption is bad and
1:36.4	bribery is bad and we need to make it criminal and we need to find companies who do it
	...

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