Slate Money | The Louvre Heist Affair

Slate News

Slate Podcasts

News, News Commentary, Politics

4.6 • 6K Ratings

🗓️ 25 October 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: A spectacular heist unfolded at the Louvre, with thieves stealing priceless jewels within 7 minutes in broad daylight. Felix Salmon, Elizabeth Spiers, and Emily Peck unpack what happened, why the world was so delighted by this particular crime, and the reasons the thieves might not get that big of a big score in the end. Then, ADP has decided to refrain from giving the Fed special data access, exacerbating the data shortage amid the government shutdown. The hosts discuss why this is happening along with the other effects of this drawn out Federal standstill. And finally, some Silicon Valley companies are adopting a controversial work schedule that originated in China known as 996 wherein employees work from 9am-9pm 6 days a week. The hosts delve into this concerning trend and how the AI arms race is changing things in Silicon Valley. In the Slate Plus episode: The hosts share their favorite heist movies. 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. Get 50% Off Monarch Money, the all-in-one financial tool at ⁠www.monarchmoney.com/SLATE⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome to Slate Money, your guide to business and finance news of the week.
0:18.6	I'm Felix Salmon from Bloomberg. I am on YouTube in the Bloomberg
0:23.5	podcast studios at 731 Lexington Avenue. It's a whole brave new world here. I am joined by
0:32.0	Emily Peck of Axios. Hello, hello. I'm here in my home studio from an undisclosed location.
0:38.3	An undisclosed location, but not far from wasps nests.
0:42.3	We're going to talk about that.
0:44.3	I am joined by Elizabeth Spires, who's coming from Pokemon Central.
0:49.3	Yes, I'm in my son's Pokemon-themed bedroom, which if you go to YouTube, you will see as bright orange.
0:56.0	Because orange is the color of Pokemon, right?
0:59.0	Charzard is orange, and he is the most valuable Pokemon, apparently.
1:04.0	We are going to talk about the Loutheist, of course. We have to, and it's awesome.
1:10.0	We even have a slate plus
1:11.3	segment about our favorite heist movies we are going to talk about the
1:16.6	government shutdown which is another thing that is still going on and what it
1:19.6	means for economic data and whether ADP is screwing the Fed by not sharing
1:25.3	their data with the Fed we are going to talk about how hard AI researchers are working and whether that's a bad thing.
1:34.8	It's a good one this week, so I hope you enjoy it.
1:37.1	It's all coming up on Slate Money.
2:03.1	Okay. Okay, so obviously in a world of massive geopolitical trade tensions, where Donald Trump is breaking off trade negotiations with Canada, where there's a summit meeting with President Xi, where there's a war still going on in Ukraine, which everyone was trying to fix, and where we are stuck in the middle of a government
2:08.1	blackout, and we don't even know what's happening in the economy because there's no data.
2:11.9	The most important thing in the world is a necklace got stolen from the loo.
2:17.6	Several necklaces.
	...

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