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Slate News

Slate Money - Slate Money: Babies and Burgers

Slate News

Slate Podcasts

News Commentary, News, Politics

4.56K Ratings

🗓️ 2 August 2014

⏱️ 37 minutes

🧾️ Download transcript

Summary

On this week's episode of Slate Money, Felix Salmon of Fusion, Cathy O'Neil of Columbia University and Slate's Jordan Weissman discuss the shady business of international surrogacy,  the National Labor Relations Board's landmark ruling on who counts as a  McDonald's employee, and Argentina finally defaulting on its debt (again). 


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Transcript

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0:00.0

Hello and welcome to Slate Money, the Babies and Burgers edition.

0:09.6

Guiding you through the business and finance news of the week.

0:12.3

I'm Felix Salmon of Fusion in New York.

0:15.5

And on this week's show, we're going to start with some letters.

0:19.6

Sent in by you, we love our mailbag and we love

0:22.5

you. Then we'll take on the business of surrogacy. You may be shocked to learn that being paid to

0:28.6

bear other people's children is not the most above board of industries. We'll talk about the big

0:34.0

labor news this week. The National Labor Board decision, the McDonald's,

0:38.0

might be held responsible for its franchisees. And then, because Argentina just defaulted on its

0:45.0

debt again, and it is my favorite subject in the world. We are going to talk about Argentina

0:49.4

again. I make no apologies for this. And as ever, we will finish with our regular numbers lightning round.

0:59.1

Speaking of which, let me introduce our regular guests.

1:03.2

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

1:07.7

How are you this morning?

1:08.8

I'm great, Felix.

1:09.4

How much sleep have you had in the past two nights?

1:11.4

Not that much. This is going to, we're going to put everything on you this week. Awesome. Awesome. I think well under exhaustion. But you do have a number. Of course. I have a number. Yes. Good for you. We're going to have a mystery number from Kathy. Jordan, do you have a number? I do have a number. Is your mystery number a mystery number as well?

1:30.1

Kathy, I'll do you have a number? I do have a number. Is your mystery number a mystery number as well?

1:30.1

Kathy, I'll show you mine. If you show me yours, I'll show you mine. I also have a number, which is 66 million, but never mind that. We will start this week with the mailbag. We love it when you send in mail. Matthew Murphy had an

1:46.5

interesting question, which he sent to Slate Money at slate.com. Do we think that banks actively

1:54.2

calculate on some kind of a spreadsheet where the illegal activity is worth it by comparing the profits from the activity to the expected fine,

2:03.3

they might end up paying if they get caught and the cost of their reputation and the probability.

...

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