Why Dimes Shouldn’t Exist
Slate Daily Feed
Slate
3.9 • 1.1K Ratings
🗓️ 28 October 2023
⏱️ 46 minutes
🧾️ Download transcript
Summary
Felix Salmon, Elizabeth Spiers and Emily Peck talk about the latest GDP numbers and why people still feel bad about the economy. They also break down two big fossil fuel mergers, and Felix explains why dimes shouldn’t exist.
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Podcast production by Patrick Fort.
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Transcript
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| 0:00.0 | Hello! Welcome to Slate Money, your guide to the business and finance news of the week. |
| 0:18.9 | I'm Felix Herman of Axios, I'm here with Elizabeth Spires of Slate and Times and that kind |
| 0:24.0 | of place. |
| 0:25.0 | Hello. |
| 0:26.0 | I'm here with Emily Peck of Axios. |
| 0:28.4 | Hello, hello. |
| 0:29.6 | We are going to talk about GDP. |
| 0:32.0 | We are going to talk about the astonishing economic growth rate that the US is going through |
| 0:38.0 | right now. |
| 0:39.1 | We are going to talk about oil mergers. |
| 0:41.4 | We've just had $125 billion of mergers announced in the past couple of weeks, so what on earth |
| 0:47.0 | is going on with that? |
| 0:48.6 | We are going to talk about dimes and coins and whether they should be abolished, which obviously |
| 0:55.1 | they should. |
| 0:56.1 | No. |
| 0:57.1 | Emily has some weird adabestic, not nostalgic reason for thinking that pennies are important. |
| 1:05.0 | We have a Slate Plus segment on the habits of CEOs. |
| 1:10.2 | It's all coming up on Slate Money. |
| 1:18.7 | This is not the numbers round, but the number of the week is definitely 4.9, which is |
| 1:27.6 | the pace of real GDP growth in the third quarter. |
| 1:33.6 | America is zooming ahead economically. |
| 1:37.4 | It is growing so fast that it is made up. |
... |
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