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Slate Money | Digital Cash. IRL Wrenches.

Slate Daily Feed

Slate Podcasts

News, Business, Society & Culture

41.1K Ratings

🗓️ 16 August 2025

⏱️ 53 minutes

🧾️ Download transcript

Summary

This week: Trump continues to involve himself in the operations of large US companies. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss this slide toward state capitalism, which seemingly goes against the GOP’s usual stance on government involvement in business. Then, so called “wrench attacks" are on the rise wherein wealthy crypto holders are being targeted with real life violence for their digital wallets. The hosts discuss NYMag’s cover story about a particularly wild crypto kidnapping and examine whether this type of wealth makes you more vulnerable. And finally, AI startup Perplexity has made a cheeky bid for Google's beloved Chrome browser. The hosts talk about what makes the free platform so valuable and whether Biden era anti-trust laws will force it to spin off from Google.  Emily’s Bat Story the Numbers Round: A Tourist Ended Up With a Wild Bat in Her Mouth — And Nearly $21,000 in Medical Bills In the Slate Plus episode: Shamans at the Wedding? In This Economy? 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 and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to Slate Money, your guide to the business and finance news of the week.

0:18.8

I'm Felix Salmon. I am here with Emily Peck about here.

0:23.2

Hello, hello.

0:24.1

I'm here with Elizabeth Spires of the New York Times.

0:26.5

Hello.

0:27.2

We are going to talk about state capitalism, the country getting involved in private

0:33.9

businesses and telling them what to do and extracting money from it.

0:38.3

And guess who the great avatar of this is, what you've already guessed.

0:41.6

We're going to talk about that.

0:42.9

We are going to talk about wrench attacks and how to stop yourself from getting kidnapped and losing a finger if you're a crypto gazillionaire.

0:52.3

We are going to talk about Chrome and how central

0:56.7

it is, the piece of software that is, not the metal, to the entire world and especially to

1:02.3

Emily's life and how much money it might be worth in the world of AI. We have a slate-plus segment

1:08.9

on rain stoppers and whether there's any correlation between

1:13.4

price and quality if you're paying someone to make sure there's no rain on your wedding day.

1:17.2

It's a fun one this week.

1:18.3

So it's all coming up on sleep money.

1:25.4

It's so funny because when you look at the guys, that's never a topic of conversation. Yeah. What you look like. Did you watch the football last night? It's never about, I'll watch your skincare routine. Whereas women walk into a room and because we've been taught to be pitted against each other. Yeah. Not always, but sometimes there's, oh my God, you know, I can't.

1:45.4

It's a bit of a barrier. Yeah, yeah, and it shouldn't be there. We should be trying to change that

1:49.9

stereotype, believing that there is space for everybody. In today's fast-changing digital world,

1:56.2

proving your company's trustworthy isn't just important for growth. It's essential. That's why Vanta is here.

2:02.8

Vanta helps companies of all sizes get compliant, fast, and stay that way with their proprietary

...

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