What the Hurricanes Cost

Slate Money

Slate Podcasts

Investing, Business

4.3 • 988 Ratings

🗓️ 12 October 2024

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: Big storms are the new norm, and they’re costing America big time. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the economic toll and surging insurance coasts of climate change. They also examine the curious case of a Canadian carpenter who made and lost a fortune on Tesla options, and Felix reveals what he’ll be up to on his upcoming sabbatical. In the Numbers Round, Emily discusses a Subtack that charts the most well-connected actors. In the Plus bonus mini-episode: WordPress is a nonprofit foundation that supports around 40% of the internet, but its for-profit arm has locked horns with a major competitor. The hosts join Slate’s Nitish Pawah to discuss the battle between Automattic and WP Engine with the fate of a chunk of the web in the balance. Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the Slate Money show page. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello!
0:09.0	Welcome to sleep money.
0:15.0	Your guide to the business and finance news of the week.
0:18.0	I'm Felix Simon of Axios.
0:20.0	I'm here with Elizabeth Fires of New York Times and places. Hello? I'm here with those of the fires of New York Times and places.
0:23.4	Hello?
0:24.0	I'm here with Emily Peck of Axios.
0:27.3	Hello, hello.
0:28.1	We are, we three here together for the last time in five weeks because I am going on sabbatical. We're
0:34.3	going to talk a little bit about that. We are going to talk about hurricanes and
0:39.7	what they mean for the home insurance market. We're going to start by talking about this
0:45.2	chap in Canada who managed to turn 88,000 dollars into 400 million Canadian
0:50.7	dollars just trading Tesla options wow and then lost it all because obviously.
0:55.8	We have a Slate Plus segment all about WordPress.
1:00.0	It's an exciting one this week so stay tuned. It's all coming up on slate money.
1:05.9	This podcast is brought to you by Progressive Insurance. You chose to hit play on this
1:16.5	podcast today, Smart Choice. Make another smart choice with Auto Quote Explorer to compare
1:21.4	rates from multiple car insurance companies all at once.
1:24.8	Try it at progressive casualty insurance company and affiliates
1:29.1	not available in all states or situations.
1:31.3	Prices vary based on how you buy.
1:34.0	When Kate and Jervais founded Health and Her in 2019, they set out to transform
	...

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