4.7 • 9.2K Ratings
🗓️ 18 March 2022
⏱️ 10 minutes
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0:00.0 | NPR. |
0:11.6 | This is the indicator from Planet Money. I'm Damewicz. |
0:14.2 | And I'm Adrian Mah. |
0:15.3 | And it's time for indicators of the week. |
0:17.1 | That is the time every week where we look at what's going on in the world of economics |
0:21.5 | and finance and money. |
0:23.2 | And we bring to you what we find the most interesting or what you may have missed. |
0:28.5 | And what a week it's been, right? I mean, what do you even start? |
0:31.6 | You've got the European Union and the UK posting another round of sanctions against Russia. |
0:36.8 | China's stock markets have been sea-song as they've been trying to deal with COVID outbreaks |
0:41.0 | in real estate downturns. |
0:43.3 | And here at home, the Fed raised interest rates for the first time in about three years. |
0:47.8 | Which is all to say that in any other week, a $1.5 trillion spending bill down in Washington |
0:53.1 | DC might have been big news. |
0:55.4 | But instead, the omnibus spending bill flew through the house in the Senate and it was signed |
1:00.0 | by President Biden on Tuesday with not much fanfare. |
1:04.2 | And we thought, well, why don't we give it a little bit of fanfare? |
1:07.5 | Yeah, because this 2700-page document is like a corneucopia of government spending. |
1:13.2 | It's got everything in it from money for our health and science to aid for Ukraine and |
1:18.2 | military spending. |
1:19.9 | And defense spending, by the way, it makes up about half the bill. |
1:23.5 | But we're not going to focus on that today. |
... |
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