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Slate Money

Slate Money - The Shadow Courts Edition

Slate Money

Slate Podcasts

Investing, Business

4.11.1K Ratings

🗓️ 8 October 2016

⏱️ 49 minutes

🧾️ Download transcript

Summary

On this episode of Slate Money, hosts Felix Salmon of Fusion; Cathy O’Neil, data scientist and author of Weapons of Math Destruction; and Time correspondent Haley Sweetland Edwards talk about Haley’s new book on shadow courts, the current plight of active managers, and congestion pricing.

Topics discussed on today’s show include:

-Shadow Courts: TheTribunals That Rule Global Trade by Haley Sweetland Edwards

-The merger of investment management groups Janus and Henderson

-Congestion pricing in London

Check out other Panoply podcasts at itunes.com/panoply.

Email: slatemoney@slate.com

Twitter: @felixsalmon@mathbabedotorg@JHWeissmann

Production by Veralyn Williams.

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Slate Money is brought to you by Boll and Branch. Get 50 dollars off your first set of sheets, plus free shipping, by going to BollandBranch.com and using promo code money.

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Transcript

Click on a timestamp to play from that location

0:00.0

The following podcast contains explicit language.

0:07.9

Hello and welcome to the Shadow Quartz edition of Slate Money, your guide to the business and finance news of the week.

0:20.6

I'm Felix Hammond of Fusion. I'm joined, as always, by Kathy O'Neill, the author of Weapons of Math Destruction. I'm here. I'm so happy to be here. Find it. And you were recently shortlisted for something fabulous. Longlisted. Not shortlisted. But, yes, I was extremely happy. You get a silver medal. Yeah. Whatever. I'll take it. The National Book Award for Nonfiction. Which means it's a good book. That's how I know. Yeah. Yeah.

0:49.3

That's great. We weren't in tight sure. We all enjoyed reading it, but we don't trust our own. No.

0:54.4

No, why would we?

0:55.2

We wait for the National Book Award people.

0:57.4

We need external measures of success.

0:59.5

Exactly.

1:00.4

And talking of books, we are also joined by Haley Edwards, who has written a book.

1:05.7

It's one of those wonderful short books.

1:07.8

If you remember a while back we had Bethany McLean on talking about Fannie and

1:12.4

Freddie, and we were gushing about how awesome it was that her book was short and readable. And this is

1:18.5

another short and read a book. Oh my God. I got this last night and I'm done. I read it. It's amazing.

1:22.7

It's one of those books you can just in a sitting. I mean, I felt like underlining every word of every page. So that's a good sign. Oh, thank you. So, Haley, yeah, you are something, something with Time Magazine? Yeah, I'm a policy correspondent with Time Magazine. And you are also the author of... Shadow Courts. The Tribunals that rule global trade. Bum, bum, bum. Because all nonfiction

1:46.7

books need subtitles. Always. Even if they're short. The good ones do. The good ones do.

1:51.2

And the bad ones. They all have, like, one day we're going to have an author on this show who doesn't

1:57.8

have a subtitle and we're going to be like, where's your subtitle?

2:02.7

How do we know what the book is really about?

2:03.3

Exactly.

2:05.8

So anyway, we are going to talk about Haley's book.

2:11.1

We are going to talk about congestion pricing, which is one of my favorite subjects.

2:17.0

And we are going to talk about active management as well because it's in your favorite subjects also one of my favorite

...

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