Slate Money - Trust No One
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 25 October 2014
⏱️ 30 minutes
🧾️ Download transcript
Summary
Felix Salmon, Jordan Weissmann, and Cathy O’Neil discuss non-compete clauses for sandwich-makers, why most financial economics papers may be wrong, and what the Federal Reserve knew in advance about J.P. Morgan's "London Whale."
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Transcript
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| 0:00.0 | Slate Money is brought to you by Harries, the new shaving company that offers German engineered blades, well-designed handles, and shipping right to your door, all at a fraction of the price of other razors. |
| 0:10.1 | Visit Harries.com and use the promo code Slate Money. |
| 0:17.5 | Hello, and welcome to Slate Money, the Trust No One edition of our weekly podcast, guiding you through the important business and finance news of the week. |
| 0:30.1 | I'm Felix Salmon of Fusion. This week I'm in Ann Arbor, Michigan, of all places. |
| 0:35.1 | And today we're going to talk about non-compete clauses, |
| 0:39.0 | the contracts that restrict the job options, even of sandwich makers. Then, did you know that |
| 0:47.0 | almost all findings in financial economics are false? Or are they? We're going to talk about that. |
| 0:53.6 | And finally, the London |
| 0:55.7 | whale, you remember, the London whale cost J.P. Morgan six billion dollars. Turns out someone |
| 1:01.7 | was watching all along and knew all about it and didn't really say anything. And that someone |
| 1:06.6 | was the Federal Reserve. Who knew? And finally, the numbers lightning round. As usual, let me introduce our regular guests back in New York. We have Kathy O'Neill, the best blogger in the world. You're at mathbabe.org. |
| 1:23.2 | Hi, Felix. She's trying to shout all the way to Ann Arbor. |
| 1:27.1 | Slate's money box columnist here, Jordan Wiseman, who doesn't need to shout because he speaks softly and carries a whopping great stick. |
| 1:35.5 | I don't know, but my voice does carry. |
| 1:37.4 | That is... |
| 1:37.8 | Your voice does carry. |
| 1:38.6 | Yeah, shouting is just not necessary. |
| 1:40.1 | It's all that millennial vocal fry. |
| 1:42.8 | Yeah, it's just there's a certain, like, wavelength that just shoots across the room if you fry correctly. |
| 1:48.2 | By the way, as ever, all questions, comments, complaints about vocal fry and Jordan, please send them to SlateMoney at Slate.com. |
| 1:57.3 | We're going to start, Kathy, with you. |
| 2:05.9 | Tell me about my options. Should I be working at Jimmy Johns Sandwich? There is one just around the corner from me in Ann Arbeg. I have never been to |
... |
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