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Slate Money

Who’s Exercising?

Slate Money

Slate Podcasts

Investing, Business

4.11.1K Ratings

🗓️ 26 September 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

Felix Salmon, Emily Peck, and Anna Szymanski discuss the FinCEN files, Buzzfeed News and ICIJ’s big report on money laundering and banks, the economic stress of getting COVID-19, and the big money in exercise,  In the Slate Plus segment: COVID-19 thoughts. Email: slatemoney@slate.com Podcast production by Jessamine Molli. Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello! Hello, and welcome to the Who's Exercising Edition of Sleep Money, your guide to the Business and Finance

0:18.5

News of the Week.

0:19.8

I am Felix Salmon of Axios. I am here with Emily Peck of Huffpo.

0:27.0

Hello.

0:28.0

I am here with Anna Shimanski of Breaking Views.

0:32.0

Hello.

0:33.2

We are going to talk about our exercise residents.

0:37.7

Honestly, it's not quite as boring as that.

0:40.2

There is a lot of interest in at-home exercise and a lot of money in at-home exercise and this whole idea of

0:48.5

exercises a service which you buy a subscription for has become this massive industry. Look at the market

0:54.5

capitalization on the stock market. We are going to talk about all of that. We are going

0:58.8

to talk about the effects of having COVID on your personal finances which are enormous

1:05.6

and we are going to have even more COVID content in Slate Plus about norms around

1:11.7

mask wearing and the philosophy thereof. But we are going to start with

1:18.1

the big news of the week, which was this massive investigation by Buzzfeed News and the International Consortium of

1:26.2

Investigative Journalists all about money laundering and suspicious activity reports from banks.

1:34.0

All of that coming up on slate money.

1:38.0

So two years, 400 plus journalists, 88 countries, 106 news organizations, the biggest

1:49.4

investigative investigation at least since the Panama Papers.

1:54.0

Emily Peck, what or who is a FinCEN file?

1:58.0

It's the Financial Crimes Enforcement Network.

2:00.0

It's part of the Treasury Department and their job is to fight money laundering and

...

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