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Tuesday, October 16th, 2012
| Time | Event |
| 8:24a | All The Money The Government Is Printing This Year, In One Graphic All The Money The Government Is Printing This Year, In One Graphic<input ... ></input> <input ... ></input> <input ... ></input>Usually when we talk about the Fed printing money, we're speaking metaphorically. Most money the Fed "prints" these days isn't actually currency; it's just an electronic representation showing that somebody has a certain amount of money in their account. But the government does still print actual, physical bills. This doesn't really have anything to do with monetary policy or the deficit or anything like that. We're just weirdly fascinated by it. For the most part, the government just prints new bills to replace old, weathered bills that are taken out of circulation. On top of that, the government has been printing lots more $100 dollar bills in the past few years, because people overseas have taken to holding onto them. The Fed has submitted its order for the fiscal year 2013, which started at the beginning of this month and runs through September of next year. In all, the order came to 7.8 billion notes, valued at $472.9 billion. Here's the complete order, broken down by denomination. 
BONUS GRAPHIC: How long does a bill last? Depends on the denomination. All bills are printed on the same durable paper, which a company in Massachusetts has been making for the U.S. Bureau of Engraving and Printing since 1879. 
But small bills, which change hands frequently, have a much shorter life than $100s, which people tend to hoard. See photos of how dollar bills were made a century ago. Correction: The "money to be printed" graphic in an earlier version of this post was mislabeled. Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/. 9()) |
| 3:16p | NYT Excerpt: How Would Romney Manage Our Jobs Crisis? NYT Excerpt: How Would Romney Manage Our Jobs Crisis?<input ... ></input> <input ... ></input> <input ... ></input>In his New York Times Magazine column this week, Adam Davidson poses the question: Do good CEOs make good presidents? Here's an excerpt. With only a few weeks remaining until the election, it's still not clear how Mitt Romney would manage our jobs crisis. There aren't many lessons from his term as the governor of Massachusetts — the economy was comparatively healthy back then, and the unemployment rate was fairly low. His current economic platform lays out broad principles (Principle No. 1: Don't be Barack Obama) but is light on specifics. All that's certain is that Romney has promised to use decades of business savvy to create jobs, which raises the question: how do you apply business strategy to a jobs crisis? No business views hiring as an objective. When a crisis hits, the response of many executives is to let workers go. When I put this question to business analysts, several pointed me in the direction of Louisiana, which has applied a number of Romney's principles. Its governor, Bobby Jindal, is a former McKinsey & Company consultant who has focused on making his state more attractive to businesses. ... Read the full column here. Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/. 9()) |
| 9:56p | Episode 410: Why K-Pop Is Taking Over The World Episode 410: Why K-Pop Is Taking Over The World<input ... ></input> <input ... ></input> <input ... ></input>America used to lead the world in making cars. Now we don't. China does. We used to be the number one maker of steel. American steel built bridges and ships all over the world. Not anymore. But the world's most popular music still comes from American artists. Turn on a car radio in Italy, walk into a store in Mozambique, and there's a good chance you'll hear an American pop tune. Music is an export, just like anything else. And, as with other exports, businesses in lots of other countries are fighting for their share of the global market. They want people all around to world to be listening to their music. And they're figuring out how to make it happen. The popularity of PSY's song "Gangnam Style" is not a fluke. Korea has spent the last twenty years preparing for this moment. For More: Gangnam Style: Three Reasons K-Pop Is Taking Over The World Music: Our k-pop Spotify playlist is collaborative. Add your favorite songs. Download the Planet Money iPhone App. Find us: Twitter/ Facebook/ Spotify/ Tumblr Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/. 9()) |
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