The Rich People Restaurant Crisis
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 27 April 2024
⏱️ 47 minutes
🧾️ Download transcript
Summary
Correction, April 29, 2024: In the audio of this podcast, Emily Peck originally misstated that the FTC sued to block the Penguin Random House–Simon and Schuster deal. It was the Department of Justice.
This week: a reservation at Carbone New York may cost a thousand dollars, but you’ve always got a table at Slate Money! Felix Salmon, Emily Peck, and Elizabeth Spiers discuss restaurant reservation resellers, the FTC’s new non-compete clause ban, and Biden’s rules for airline fees that make getting refunds easier than ever. In the Plus segment: After sell-or-be-banned legislation, is it the end for TikTok in America?
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Podcast production by Jared Downing and Cheyna Roth.
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Transcript
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| 0:00.0 | Hello, and welcome to Slate Money, your guide to the Business and Finance News of the Week. |
| 0:17.8 | I'm Felix Simon of Axios with Emily Peck of Axios. |
| 0:20.8 | Hey Felix! |
| 0:21.8 | I'm here with Elizabeth Spires, who writes to New York Times and it's amazing. |
| 0:26.0 | Hello. And we are going to talk about the FTC, run by Lena Khan, who has come out with a sweeping ban nationwide on non-compete clauses. |
| 0:37.6 | We are going to talk about restaurant reservations and whether we should start having to pay for them. |
| 0:43.6 | We are going to talk about the Biden administration's crackdown on airline fees and forcing |
| 0:51.4 | airlines to give refunds. It's a good one. It's coming up on slate. Money. This episode is brought to you by Oracle. |
| 1:05.0 | AI is storming every industry, but how do you compete without costs spiraling out of control? |
| 1:11.0 | Time to upgrade to Oracle Cloud Infrastructure or |
| 1:14.6 | O. C. I. C. I is one efficient platform for your infrastructure, |
| 1:19.2 | database and application development with AI built in. Do more and spend less like Uber, the Premier League |
| 1:25.6 | and Oracle Red Bull Racing. Take a free test drive at Oracle.com slash Spotify. |
| 1:31.6 | McDonald's are making small improvements to our classic burgers, searing out 100% |
| 1:36.7 | British and Irish beef patties so they're even juicier. And we're serving them |
| 1:40.6 | hotter for meltier cheese, all in new toastier buns. |
| 1:44.2 | The classics, now a little more mmm. |
| 1:46.6 | Comparism with prior classic burgers, serves after 11 a.m. subject to availability. |
| 1:49.8 | Mm. |
| 1:50.8 | Mm. Emily, we had massive news this week. What is it? |
| 1:57.0 | So this week after more than a year of saying it would do this, the Federal Trade Commission announced a rule banning non-compete |
| 2:06.8 | agreements in employment contracts. Those are the agreements that you have to sign, or some people |
... |
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