Hello and welcome to Slate Money, our weekly podcast, guiding you through the important business and finance news of the week.

I'm Felix Salmon, a fusion, in New York.

And on the show this week, we are going to ponder the fate of Time, Inc., which began trading on its own, kicked out of the nest of parent company Time Warner.

We'll move on to talk about the chaos.

Uber is causing in Europe and also in the world of venture capital.

And finally, we'll talk about Larry's summer's pick pick for Best Summer Beach Read, House of Debt.

Actually, he said it looks likely to be the most important economics book of 2014,

when we all know who he's sub-tweeting when he said that.

And, of course, we'll wrap up with our numbers lightning round as we do every week.

And this week, I've decided as an executive decision that when I introduce Kathy O'Neill,

the head of the lead program for data journalism at Columbia University,

she is going to tell me what her number is.

Hi, Felix. My number is 4.9 million.

And, of course, we also have Jordan Wiseman, the Moneybox columnist for Slate.

What's your number?

My number is $4.3 trillion.

He just had to do that.

Even bigger.

For those of you counting along at home, my number, by the way, is 136.

I'm keeping things in the realm of sensible.

I am going to start, however, by talking about Time, Inc., which is a storied magazine company,

which has been part of a global media conglomerate called Time Warner.

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