The complexity of succession planning

Florida-based Citizens Property Insurance Corp. wants to raise rates an average of 14%. But Citizens is the Sunshine State’s insurer of last resort — it’s backed by the state and tasked with covering homeowners who have no other options as private insurers pull out. What will Floridians do? Also in this episode: Environmentalists advocate more composting, a cyberattack forces thousands of car dealerships to go analog and oceanographers map the world’s seafloor.

Three years ago, a town of 2,500 formed an unlikely relationship with multibillionaire Bill Gates. He had new nuclear technology and Kemmerer, Wyoming, had a declining coal industry. This week, Gates broke ground on a first-of-its-kind power plant. Will it revive a struggling local economy or upheave the small community’s way of life? Also in this episode: Summer gasoline use is down, Nvidia dominates AI chipmaking and apartment buildings aren’t being built — despite high demand for more housing.

Credit card delinquencies are up overall in the past year — but that’s not the whole debt picture. Wealthier consumers can pay off their debt right now, driving up the nation’s average credit score. It’s a tale of two Americas. Also in this episode: Federal data reveals that nearly 1 in 4 Black prospective homeowners are denied a mortgage, and we catch up with a couple whose gift-giving journey was featured on “This Is Uncomfortable.”

With bond yields dropping, lower mortgage interest rates may be on the horizon. That’s great for people who’ve put off buying a home because they felt priced out. But will rates fall enough to make homeowners with older, cheaper mortgages consider selling? Also in this episode: Buy now, pay later attracts vulnerable consumers, electric vehicle sales growth slows and product designers chase down copycat products.

A stretch of the U.S. is under a heat advisory this week — but summer starts Thursday. When we talk about a “hot” economy, it’s usually a good thing, but in real life, extreme heat sends economic productivity downhill. We’ll get into why. Also in this episode: Retailers launch copycat sales to compete with Amazon Prime Day, Baltimore longshoremen are finally back to work and the bond market is booming.

Housing affordability is on everyone’s mind — a new survey shows it’s a “somewhat to very important issue” for the majority of voters, especially younger ones. We’ll discuss whether housing has historically determined elections and get realistic about what a president can do about housing prices. We’ll also look at how the government measures housing costs for homeowners, even if their mortgages are paid off. Plus: The history of all-you-can-eat deals.

The job market is weakening, according to recent data. Higher unemployment is a good sign — if you’re the Federal Reserve and want to cut interest rates. It’s bad, of course, if you’re a job seeker. We tackle this paradox in today’s episode. Plus: Cities adjust their tech-hub dreams, improved hurricane forecasting saves billions in damage, and Black workers pay a high price in the clean energy transition.

Well, the Federal Reserve decided to stand pat on interest rates for now — and said it may make just one cut this year. In this episode, we break down the Fed’s latest move and look at which sectors are feeling the “lag effect” of rate hikes. Plus: Daycares are likely to raise prices as federal pandemic funding runs dry, and Fannie Mae’s chief climate officer says we should prepare for climate risk to become a bigger factor in the housing market.

Remember in “Austin Powers” when Dr. Evil conspires to hold the world hostage for $1 million? Not much cash, right? Well, it was a lot back in the 1960s — the last time Dr. Evil was conscious. In this episode, Dr. Evil teaches us how to adjust for inflation. Plus: Grocery stores want to be community meeting places, AI-fueled ad spending rockets up, and small-business owners aren’t sure what the future holds.

As the Southwest prepares for 100-plus-degree days this week, we’ll look at where energy grids are prepared for a hot summer. A key factor? Whether grids have new electricity generators, like wind or solar plants. We’ll visit eastern Colorado, where clean energy jobs have been a boon for rural residents. Plus: More first-time homeowners enlist their parents as mortgage cosigners, and brands back away from trans representation, instead angling to keep both LGBTQ and transphobic customers.