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Marketplace

The data dogs

Marketplace

Marketplace

News, Business

4.6 β€’ 8.5K Ratings

πŸ—“οΈ 10 October 2024

⏱️ 27 minutes

🧾️ Download transcript

Summary

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, counts himself as a data dog. It’s a name for economic policymakers who take the long view and are usually game to wait for more numbers. Goolsbee spoke with “Marketplace” host Kai Ryssdal about his voracious appetite for information and what he calls “the hardest thing that a central bank has to do.” Plus: Sports ticket prices are up 10% in the last year, and California requires retailers to help fund textile recycling.

Transcript

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0:00.0

Hi I'm Kai Rizdahl the host of How We Survive

0:03.4

It's a podcast from Marketplace. In 1986, before I was a journalist, I was flying for the Navy.

0:09.6

Mr. Gorbachev, tear down this wall.

0:14.4

It was the cold war and my first deployments were intercepting Russian bombers.

0:18.6

Today though, there's another threat out there, climate change.

0:22.6

This could be the warmest year on record.

0:24.6

Climate change is here.

0:25.7

Temperatures here are warming faster than anywhere on Earth.

0:29.5

And while the threat seems new, the Pentagon's been funding studies on climate change since the 1950s.

0:35.9

I think we will put our troops and our forces at higher risk if we don't recognize the impact of climate change.

0:44.7

This season, we go to the front lines of the climate crisis

0:47.5

to see how the military is preparing for the threat.

0:51.0

Listen to how we survive, wherever you get your podcasts.

0:54.0

One word, four letters critical to this economy.

1:01.0

I know you think I'm going to say jobs right now? J-O-B-S. I'm not. From American public

1:09.7

media. This is market-class. In Los Angeles, I'm Kai Rizdahl. It is Thursday, today, the 10th of October. Good as always

1:26.8

to have you along, everybody. Consider if you would the data on which analysis of this economy depends. There is a lot of it. And that

1:36.9

data of late has been pretty good. Gross domestic product is growing 3% a year.

1:42.4

The much in the news labor market

1:44.4

added more than a quarter of a million new jobs last month, more than most

1:47.7

anybody had been guessing. And we learned just this morning that year-over-year inflation is the lowest it's been in better than

1:55.0

three years, 2.4% in September.

...

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