What's a weather forecast worth?
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 11 November 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
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Transcript
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| 0:00.0 | NPR. |
| 0:02.0 | N-R. |
| 0:11.8 | Adrian Ma, what is an app on your phone that you use every single day? |
| 0:17.8 | Like besides the text messaging app? |
| 0:20.2 | Yeah, or like Candy Crush or whatever. Um, I would have to say the weather app. It's like the first thing that I open in the morning. Me too. Now, here's another question. Do you ever think about where the weather forecast on your phone comes from? You know, until very, very recently, I had not thought about this at all. |
| 0:40.9 | I just assumed, like, somebody was beaming it to me from a satellite somewhere. |
| 0:46.7 | Yeah, I never really thought about this either until I started using a specific weather app on my phone. |
| 0:53.0 | The app lets me toggle between almost a dozen forecasting sources. |
| 0:57.1 | And confession, sometimes if I'm hoping for a particular forecast, |
| 1:00.9 | I'll just shop around in the app until I get the forecast that I want. |
| 1:04.3 | You're like, oh, it's going to rain today. |
| 1:06.7 | Or is it? |
| 1:07.8 | Or is it? |
| 1:09.9 | I guess this just goes to show how much access we have to weather information these days. |
| 1:15.8 | Weather forecasting has gotten a lot more accurate in the last few decades. |
| 1:19.9 | It's a multi-billion dollar industry. |
| 1:22.2 | Companies from tech startups to huge corporations are competing to produce more sophisticated |
| 1:27.3 | and precise forecasts. |
| 1:28.9 | This kind of scientific arms race is bringing to the four long-simmering tensions in the |
| 1:33.9 | meteorology community. The tension is over how weather data should flow between the government |
| 1:39.1 | and private companies and at what price. This is the indicator from Planet Money. I'm Whalen Wong. And I'm |
| 1:45.2 | Adrienne Ma. Today on the show, how much is an accurate weather forecast worth? Who should |
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