meta_pixel
Tapesearch Logo
Log in
Money Talks from The Economist

Money talks: Bankrolling the hackers

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 16 May 2017

⏱️ 15 minutes

🧾️ Download transcript

Summary

Simon Long hears about a potential bubble in the market for Bitcoin and other crypto-currencies. Also: a report on how American ex-convicts are breaking into the job market. And, could Bollywood be eclipsed by regional rivals?

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

Transcript

Click on a timestamp to play from that location

0:00.0

May I have your attention please you can now book your train tickets on Uber and get

0:08.0

10% back in credits to spend on your next Uber ride so you don't have to walk home in the rain again.

0:16.5

Trains now on Uber. Tees and sees apply. Check the Uber app. Hello I'm Simon Long the Economist Finance Editor and you're listening to Money Talks.

0:34.0

This week, as a ransomware virus invades computers around the world,

0:38.0

are hackers benefiting from the Bitcoin boom.

0:40.0

We may be seeing here actually the emergence of a parallel financial system.

0:45.2

How ex-convicts are breaking into the American job market.

0:48.4

There's a big shift in attitudes for employers in recent years,

0:52.0

but there's still a lot of work to be done.

0:54.0

And watch out Bollywood. The cinema of southern India could soon come to rival its

0:58.6

larger Mumbai-based cousin. They really are growing and you know you speak to Hollywood and

1:03.2

colliwood producers and they say that what they offer is a different kind of

1:06.2

cinema. So first one feature of the massive cyber attack that affected over 150 countries last week was how those

1:16.7

who deployed the so-called ransomware wanted to be paid in bit coins.

1:21.8

The value of Bitcoin and other digital

1:24.0

cryptocurrencies has surged past the 50 billion dollar mark this week.

1:28.0

Clearly a lot of people are making a lot of money out of this

1:31.0

and not just criminals. But has it become a

1:33.8

crypto bubble to be followed by an inevitable bust? Ludwig Ziegler, our

1:38.6

technology editor, has been monitoring the markets and joins me now. Hello

1:42.2

Ludwig. Hi Simon. Firstly looking at this attack. monitoring the markets and joins me now. Hello, David.

1:43.0

Hi Simon.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Economist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Economist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.