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Slate News

Slate Money: From Dark Pools to Swimming Pools

Slate News

Slate Podcasts

News Commentary, Politics, News

4.56K Ratings

🗓️ 28 June 2014

⏱️ 35 minutes

🧾️ Download transcript

Summary

Slate Money, featuring Felix Salmon of Fusion, Cathy O'Neil of Columbia University and Slate's own Jordan Weissmann. This week: The Supreme Court says streaming service Aereo violates U.S. copyright law, the New York attorney general sues Barclays, and Puerto Rico becomes a tax haven. 


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Transcript

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0:00.0

The following podcast contains explicit language.

0:07.3

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

0:15.4

I'm Felix Salmon, a fusion in New York, and on the show this week, the Supreme Court decided the fate of Aereo

0:23.1

an internet television streaming service. We'll dive into dark pools amid allegations that Barclays put

0:30.1

its profits ahead of its customers. Imagine that. And we'll also tell you why lots of rich people

0:36.4

are spending at least 183 days a year

0:39.3

in Puerto Rico. I think you can probably guess. And last but certainly not least, we'll close

0:45.6

with the numbers lightning round as we do every week. First, let me introduce regular guest,

0:51.8

Kathy O'Neill, head of the lead program for data journalism at Columbia University.

0:57.2

Hello, Kathy.

0:58.0

What's your number this week?

0:59.7

My number is 0.25.

1:01.3

That's a low number.

1:03.5

And we also have Slate's own Moneybox columnist, Jordan Weissman.

1:07.9

Jordan, I'm assuming that your number is going to be bigger than one quarter.

1:12.7

Yes, yes, it will be. It's going to be 11,000.

1:15.1

11,000. My number is 300 million, so I beat both of you by a few orders of magnitude.

1:23.0

We are going to start with Aereo. It falls to me to try and explain what's going on here.

1:28.5

Probably many of you lovely listeners have used Aero, or at least heard about it. It's a clever

1:34.3

little service where you can watch television, broadcast television on your phone or your

1:40.6

computer, and broadcast television is free. And what Aereo does is, well, we'll just pick it up for free.

1:46.8

We'll give you your own little aerial.

...

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