Slate Money - Finders Keepers
Slate Money
Slate Podcasts
4.1 • 1.1K Ratings
🗓️ 22 August 2020
⏱️ 45 minutes
🧾️ Download transcript
Summary
Felix Salmon, Emily Peck, and Anna Szymanski discuss the finances of the USPS, the fate of brick and mortar retail after the pandemic, and Citigroup’s $900 million payment to Revlon lenders...that they sent by accident.
And in the Plus segment: Productivity in lockdown.
Email: slatemoney@slate.com
Podcast production by Jessamine Molli.
Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Hello, and welcome to the Finders Keepers episode of Sleep Money, your guide to the Business and Finance News of the Week. |
| 0:20.8 | I'm Felix Salmon of Axios. I'm here with |
| 0:23.7 | Emily Peck of Huffpost. Hello. I'm here with Anna Shamansky of Breaking Views. Hello. |
| 0:31.3 | We are going to talk about the post office this week, because honestly, who is not talking about |
| 0:36.5 | the post office this week? We are going to talk about shopping and whether it's all going online and what that means |
| 0:43.5 | we are going to talk about one of the craziest lawsuits that i have seen in a while involving |
| 0:50.7 | revlon of all people we are even going to have a Sleep Plus episode about productivity, |
| 0:55.8 | but the one thing I want to ask you is to just stay tuned until the end, or if you have to |
| 1:00.5 | fast forward until the end, because I have a question for you all after the numbers round, |
| 1:05.7 | which I want you to write in with your answer. That is coming up on Sleep Money. So let's talk about the post office. There are |
| 1:14.7 | big hearings going on right now and everyone thinks that it is facing existential threats and |
| 1:21.2 | people aren't sending as many mail letters and it's losing billions of dollars and this is a problem and Emily bring me up to |
| 1:29.4 | speed. Well, it's kind of a mess, Felix. Basically, this new guy came to run the post office |
| 1:36.8 | named Louis DeJoy. He is a Trump donor who used to work at this company called XPO Logistics |
| 1:43.2 | and before that owned his own logistics |
| 1:45.0 | company. Anyway, he is doing a lot of cost cutting stuff that people don't like that was underway |
| 1:53.2 | before he even started, which was only like 70 days ago. And the cost cutting stuff is reducing |
| 1:59.2 | the amount of overtime post office workers can take and |
| 2:02.6 | removing these mail sorting machines and all this is happening as the president is out there |
| 2:08.8 | decrying mail in voting and sort of making it look like the process of mailing in your ballot is |
| 2:16.3 | shady and dicey at a time when more and more people |
| 2:19.6 | are going to be voting by mail because of the pandemic. So this means that progressives |
... |
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