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Slate News

The Quadraphonic Edition

Slate News

Slate Podcasts

News Commentary, Politics, News

4.56K Ratings

🗓️ 20 December 2014

⏱️ 35 minutes

🧾️ Download transcript

Summary

Slate Money on the currency crisis in Russia, a reversal of the swaps "push-out" rule, the cyber-attack on Sony Pictures, and U.S.-Cuba relations.


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Transcript

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0:00.0

The following podcast contains explicit language.

0:09.3

Hello and welcome to the quadraphonic edition of Slate Money, your guide to the Business

0:16.4

and Finance News of the Week.

0:18.6

I'm Felix Salmon of Fusion in New York, and we're going to call this

0:23.0

the quadrufining, I don't know, the hip to be square, something quad-related.

0:28.3

Quadrophenia?

0:28.9

Because you'll be hearing four topics instead of our usual three. We are really pushing

0:34.6

the boat out this week. It's a heavy news week you probably noticed, and so we couldn't fit it all in with just three topics.

0:43.7

So, we're going to talk about the currency crisis in Russia and the impact of raising interest rates and a weak ruble are having on oil markets, Russian consumers, and everything, really.

0:55.9

Even the US stock market.

0:57.4

Then, Congress has rolled back a provision of the Dodd-Frank financial reforms.

1:02.6

You may have heard of the swaps push out and the big internal fight within the Democratic Party.

1:09.7

We'll talk about that. And of course, we are going to

1:13.9

talk about the interview, because everyone's talking about the interview. And it's a great

1:19.0

story. So we're going to talk about that. And Cuba, because that's a huge story too. We've just

1:24.4

got too much to talk about this week. And so I'm very happy that

1:29.3

we have our regular guests. Kathy O'Neill is the data scientist and the blogger at mathbabe.org.

1:36.3

Hi, Felix.

1:37.3

She's feeling sultry today.

1:41.3

As always.

1:42.3

And we also have Slate's Moneybox columnist Jordan Weiswain.

1:47.0

Hello, Felix. Hello, Jordan. And the quick explainer for those of you who, like Jordan, are millennials and born after 1974, quadraphonic sound was an early form of what is now known as surround sound.

...

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