An economic vocab lesson for the Trump era

On today’s show, Kimberly is joined by the host of NPR’s “Life Kit” podcast, Marielle Segarra, who’s recently been working on a four-week newsletter series all about credit card debt — and how to avoid it all snowballing. Plus, we’ll play a round of Headline or Head-lyin’!Here’s everything we talked about today:“In credit card debt? There’s a path out” from Life Kit“Medical bills can cause a financial crisis. Here’s how to negotiate them” from Life Kit“A big misconception about debt — and how to tackle it” from Life Kit

Today we’re all getting smarter about some of the economic and political terms dominating the headlines these days. Terms like “authoritarianism” and “state capitalism” that have been hotly debated during the second Trump administration. Plus, “stagflation” and other vocabulary words our listeners have been curious about. With some help from experts, Kimberly breaks them all down. Here’s everything we talked about today:"Why journalists are reluctant to call Trump an authoritarian – and why that matters for democracy" from The Conversation"What do we call the Trump administration's economic interventions?" from Marketplace"The U.S. Marches Toward State Capitalism With American Characteristics" from The Wall Street Journal"Trump's Latest Trade Deals Raise More Questions Than Answers and Harm America’s Future" from the Center for American Progress"Supreme Court Agrees to Review Trump’s Sprawling Tariffs" from The New York Times"What Is Stagflation, What Causes It, and Why Is It Bad?" from Investopedia"Are Donald Trump's tariffs the new sanctions?" from Stanford UniversityJoin us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

A growing list of U.S. cities are set to see National Guard troops in their communities as President Trump explores ways to deploy the military on American soil. But legal challenges are piling up. On today’s show, Kimberly talks with Patrick Eddington, senior fellow in homeland security and civil liberties at the Cato Institute, about the changing role of the National Guard and why Trump’s use of the Guard defies precedent.Here’s everything we talked about today:"The President’s List of Subversive Organizations" from the Cato Institute"Trump’s use of Guard may have lasting impact on cities and troops" from The Washington Post"Trump's use of the National Guard sets up a legal clash testing presidential power" from AP News"Troops and marines deeply troubled by LA deployment: ‘Morale is not great’" from The Guardian"What We Lose by Distorting the Mission of the National Guard" from The AtlanticWe love hearing from you. Leave us a voicemail at 508-U-B-SMART or email [email protected].

On today’s show, Kimberly is joined by Marketplace’s very own Henry Epp to chat about his reporting on the “maturing” of the craft beer industry, and just who's sipping all those IPAs and sours. They'll also get into how the Trump administration is using the government shutdown to consolidate power. Plus, we’ll play a round of Half Full/Half Empty!Here’s everything we talked about today:“For years, craft beer was booming. Now, it’s ‘maturing’” from Marketplace“Trump charts path to total control amid government shutdown” from Axios“AOL’s dial up internet takes its last bow, marking the end of an era” from the Associated Press“Colleges turn to video essays to counter AI-written submissions” from Marketplace Tech“Robots are learning to make human babies. Twenty have already been born.” from The Washington Post“Buy it in ChatGPT: Instant Checkout and the Agentic Commerce Protocol” from OpenAI“The future of loyalty” from Business Insider

Messy fights over funding the federal government have become all too familiar in American politics. Why are we like this? On the show today, The Brookings Institution’s Molly Reynolds joins Kimberly to explain how shutdowns became Congress’ political weapon of choice and why the federal budget process has gotten even more complicated under the Trump administration. Plus, we hear from you, our dear listeners.Here’s everything we talked about today:"Congress has long struggled to pass spending bills on time" from Pew Research Center"Government shutdown continues as Senate Democrats hold firm on health care demands" from AP News"How John Thune sees the shutdown ending" from Politico"What are Democrats' demands in the government shutdown fight?" from MarketplaceShow your love for Make Me Smart and our community of curious listeners! Donate now to get us one step closer to our Fall Fundraiser

Las Vegas is facing a months long decline in tourism, partly due fewer international visitors to the United States overall. So is Las Vegas dead? “Marketplace Morning Report” host David Brancaccio went to find out. He joins Kimberly on the show today to share what he’s hearing from business owners and tourists about the city’s economic slump. Here’s everything we talked about today:"Sin City tourism slump signals wider economic slowdown" from Axios"An Empty Strip And Fewer Tips: Is Las Vegas In Trouble?" from Time"Las Vegas is hurting as tourism drops. Are Canadians behind the Sin City slump?" from CBC NewsThe way forward is together! Step up and be one of 2,000 Marketplace Investors before our fundraiser ends Friday. Give now: https://support.marketplace.org/smart-sn

Hey Smarties! Today we’re sharing a special bonus episode from “How We Survive.” It’s a conversation between host Amy Scott, “Marketplace” host Kai Ryssdal and Pulitzer Prize winning science writer Elizabeth Kolbert. Together, they dig into how the climate crisis is triggering economic disruption. Plus, some solutions to be hopeful about.And, we get a peek into Kolbert’s forthcoming book, ”Life on a Little-Known Planet: Dispatches from a Changing World.” In this collection of her most influential essays, Kolbert takes readers around the globe, telling stories about caterpillars, whale conversations and the people trying to preserve our planet.This conversation was recorded live, over Zoom, in front of an audience. You can watch the webinar here. The event is presented by Odoo with additional underwriting support from The Economist. 

On today’s show, Alaska Public Media reporter Ava White joins Kimberly to make us smarter about Fat Bear Week and the issues that are top of mind for Alaskans right now. Alaska residents receive an annual check funded by the state’s oil royalties. But its purchasing power is lower than ever. We’ll get into it. Plus, we’ll weigh in on AI live translations and a rise in Hamburger Helper sales during a round of Half Full/Half Empty!Here’s everything we talked about today:"Meet the superfans going wild for Alaska’s fattest bears" from Alaska Public Media"Alaska ignored warning signs of a budget crisis. Now it doesn’t have money to fix crumbling schools" from KYUK”The 2025 Alaska Permanent Fund dividend will be $1,000” from Alaska Public Media"North Slope leaders applaud tax breaks for whalers in the GOP megabill” from KNBA"Why are restaurant chains opening beverage-focused spinoffs?" from Marketplace"AI is taking on live translations. But jobs and meaning are getting lost." from The Washington Post"Touchscreens in cars are finally on their way out. Good riddance" from Fast Company"Hamburger Helper Sales Rise as Americans Try to Stretch Their Food Dollars" from The New York TimesIt’s Half-Priced Hoodie Weekend! Give $10 a month to support our journalism today, and we’ll thank you with a cozy Marketplace zip-up hoodie: https://support.marketplace.org/smart-sn

Today we’re diving into the business of music. Trapital founder Dan Runcie joins Kimberly to explain what Anthropic’s recent copyright settlement with authors could mean for record labels who’ve sued AI companies, the “fair use” debates dominating the music industry, and why even the biggest stars are struggling to create chart-toppers these days. Plus, we’ll celebrate a win from one of our listeners.Here’s everything we talked about today:"The Generative AI Music Sweepstakes" from Trapital "Anthropic Agrees to Pay Authors at Least $1.5 Billion in AI Copyright Settlement" from Wired"Labels Claim Suno Pirated Songs From YouTube in Bulked-Up AI Copyright Lawsuit" from Billboard"YouTube copyright fight: Rick Beato warns UMG claims over short music clips could end his channel" from TechSpot TikTok from Lizzo"Kneecap, Faye Webster & 400 Other Artists Remove Their Catalogs From Israel: ‘No Music for Genocide’" from Billboard Join us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

President Trump is not a fan of the United Nations—he made that clear in his speech to the United Nations General Assembly today. Under Trump, the United States has pulled back from several efforts, including U.N. organizations, that have contributed to the country’s so-called soft power goals. On the show today, Joshua Eisenman, professor of politics in the Keough School of Global Affairs at the University of Notre Dame, joins Kimberly to discuss the changing role of the U.S. in global politics and how China is seizing this moment to gain more influence.Here’s everything we talked about today:"Trump tells UN in speech that it is 'not even coming close to living up' to its potential" from AP News"Geopolitics of Trump Tariffs: How U.S. Trade Policy Has Shaken Allies" from Council on Foreign Relations"How China Stands to Gain as the U.S. Steps Away From the U.N." from The New York Times"The Global South Won't Give Up on China" from Foreign RelationsIt's Marketplace's Fall Fundraiser! Give now and be one of 2,000 donors in 10 days: https://support.marketplace.org/smart-sn