4.6 • 29.8K Ratings
🗓️ 10 May 2023
⏱️ 19 minutes
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0:00.0 | This is Planet Money from NPR. |
0:04.0 | Hey folks, today we're going to share one of our favorite episodes of Planet Money |
0:09.8 | from years past. |
0:11.5 | It's from 2019 and it's one that I love very, very much and I think about all the time. |
0:16.8 | And we hope you enjoy it. |
0:19.2 | Here is something that I learned recently. |
0:21.5 | In the air above us, up at 35,000 feet, it is the same time everywhere. |
0:28.8 | Universal time, which is the time at the Greenwich Meridian, is used all around the planet |
0:36.2 | Earth today by every single airline and Air Force in the world. |
0:43.6 | This is Dick Henry. |
0:44.9 | He's an astrophysicist at Johns Hopkins University and he said, think about it. |
0:50.0 | There are all these planes flying all over the Earth at hundreds of miles an hour and you |
0:55.6 | don't want to get confused by time zones when you're trying to keep them from crashing |
1:00.1 | into each other. |
1:01.7 | Dick has talked to his friend Steve Hanky about this for years. |
1:05.8 | Steve's economist, a professor of applied economics at Johns Hopkins and he says it is |
1:11.0 | not just pilots who need universal time. |
1:15.2 | Investors need it too. |
1:16.5 | You can trade 24 hours a day almost around the clock and gold currencies, stocks and everything |
1:24.2 | else under the sun. |
1:26.6 | And those are all time stamped using universal time. |
1:32.0 | Hanky and Henry were telling me about all this because they have this little proposal. |
... |
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