Wealth & Poverty

Ways to Connect

Episode 708: Bitcoin Divided

Jun 29, 2016

Bitcoin was supposed to be the currency of the future: secure, fast, independent of any government. But if there's one feature a currency needs, it's to let you pay for things. And, recently, that's been a problem for Bitcoin.

The idea was always that when technical problems arose, the bitcoin community would come together to solve things. But that hasn't happened. In fact, behind the scenes, a kind of civil war has broken out.

Episode 707: Brexit

Jun 24, 2016

Note: This episode contains explicit language.

We woke up this morning to news that the United Kingdom had voted to leave the European Union. The tabloid newspapers in London proclaimed Independence Day. The value of the British Pound dropped to the lowest point in the last 31 years.

Stock markets dived around the world. Prime Minister David Cameron said he would resign later this year.

Today on the show: What just happened? And what's coming next?

Sam Whitehead / GPB

Every entrepreneur starts by identifying a problem. Keitra Bates, who owns Westview Pizza Cafe southwest of downtown Atlanta, is no different.

“There is a steamroller of new interest in this area,” Bates said. “And they’re like: ‘The houses are beautiful. Look at this empty warehouse, we’re going to turn this into a Whole Foods.’ What does that mean for Miss Crowder?”

Note: This episode originally aired in May, 2014.

Violins and violas are like living, breathing things. Many are hand-crafted with wood from a tree. Each one is different. And you know the story--Antonio Stradivari was the master. Some say he was the greatest maker of stringed instruments to ever live. The Stradivarius is one of the most powerful and expensive brands in the world.

Episode 706: Water's Worth

Jun 17, 2016

A country has to sell what it's got. Lesotho always had more rain and snow than it knew what to do with. So Lesotho made a deal with its neighbor, South Africa, to buy the water. The country moved rivers and built one of the most impressive water projects in Africa to deliver it.

Then the drought hit.

All over Lesotho, the grass is dry. The corn is stunted. And cows are dying. Yet the water deal with South Africa still holds. Lesotho promised to sell the water and it has to keep delivering it.

Grant Blankenship / GPB

 

The asbestos was already being removed from Tindall Heights by the time the politicians were ready to celebrate its demolition.

Thelma Dillard was one of the local politicians there to say goodbye before the pre-demolition press conference. She serves on the local school board and grew up in the over 70-year-old public housing project.

 

“My mother moved here when I was a baby. And I lived here until I went off to college,” Dillard said.

 

Copyright 2016 NPR. To see more, visit NPR.

STEVE INSKEEP, HOST:

Now we ask how far copyright really extends. The law can't be too strict. Here's how Keith Romer of NPR's Planet Money team discovered that tension.

KEITH ROMER, BYLINE: Every night in my house, it's the same story.

Episode 583: Cow Noir

Jun 15, 2016

Note: This episode originally aired in November, 2014.

Updated at 4:25 p.m. ET with comments from Fed Chair Janet Yellen

The Federal Reserve Board's policymakers on Wednesday ended a two-day meeting by leaving interest rates unchanged. They cited a weaker jobs market as a key reason for taking no action.

"Although the unemployment rate has declined, job gains have diminished," the Fed said in a statement.

Federal Reserve policymakers on Wednesday will tell the world their latest plans for raising interest rates. The goal is to keep the economy on track. And right now, that is not an easy thing.

Members of the Federal Open Markets Committee track an array of sometimes conflicting data. Economists call this the Fed's "dashboard." So what are the dashboard's instruments telling us about where the economy is headed next?

Capt. Yellen's Dashboard

The demolition of the Tindall Heights housing project in Macon, and the relocation of its residents, provides a lens into the issue of affordable housing in the United States on the We Live Here podcast from St. Louis Public Radio. With reporting from Grant Blankenship of GPB Macon, Devin Katayama KQED in San Francisco and the We Live Here team from St. Louis Public Radio.

Episode 705: The Muscle Patents

Jun 10, 2016

Bodybuilders are competitive. They are tough. And when former-bodybuilder Jared Wheat was pushed, he pushed back.

Wheat runs a company that makes workout supplements. He's got one for stamina. He's got one for virility. These products are supposed to help you get more out of your workout.

Note: This episode originally aired in May, 2014.

In a lot of ways, the job looks the same as ever — the brown truck, the barking dogs, the lady coming out to apologize about the barking dogs.

Sam Whitehead / GPB

The Obama Administration has added five westside Atlanta neighborhoods with high levels of poverty and unemployment to its Promise Zone Communities program aimed at boosting economic opportunity.

 

Ashview Heights, the Atlanta University Center, Castleberry Hill, English Avenue and Vine City, have been combined into what the Department of Housing and Urban Development calls the Westside Promise Zone.

 

Episode 704: Open Office

Jun 3, 2016

Walls, doors, privacy—if you work a desk job in America, you probably do not have these luxuries anymore.

This is the age of the open office, of half-cubicles and clustered desks, of huge rooms filled by long communal tables where white-collar workers sit shoulder-to-shoulder, wearing white earbuds to block out the noise. Over to the side, maybe there's a lounge space with sofas and a comfy chair or two. Maybe there's even a ping pong table on the way to the bathroom.

The U.S. economy added just 38,000 jobs in May, according to the Bureau of Labor Statistics in its monthly report — far fewer than the 160,000 that economists had anticipated.

NPR business editor Marilyn Geewax called the number "shockingly low."

The unemployment rate declined by 0.3 percentage points, the Bureau says, to 4.7 percent — but that can be attributed to people dropping out of the workforce, Marilyn says.

Note: This episode originally ran in June, 2013.

Editor's note: John Otis has reported from Latin America since the U.S. invasion of Panama in 1989, and first covered Venezuela 19 years ago. He's returned many times since, and reflects here on how the country has changed since he first arrived.

During my first reporting trip to Caracas in 1997, I was nearly robbed leaving a subway station. While riding up the escalator, I was sandwiched by two rather inept thieves who pried my wallet out of my pocket, but then dropped it. I snatched the billfold and ran.

There are apartments in cities around the world, where the lights do not go on at night. The apartment is empty. And it's hard to tell who owns it or where the money to buy the apartment came from.

And that's because, some of that money is from questionable origins. If you have a lot of money to hide, you can park that cash in real estate. You hide the money in plain sight. You turn a fancy apartment into a giant piggy bank or secret vault.

On today's show, the international quest to try answer a simple question: Who owns Apartment 5B?

Note: This podcast was originally posted in October, 2010.

Today, we meet Edith Calzado. She's a single mother and makes $16,000 a year. And she managed to fund a vacation at a Caribbean resort with an interest-free loan from one of the world's largest banks.

In the wake of a spectacular $81 million heist involving Bangladesh's central bank, the top official for the messaging system used to move billions of dollars every day throughout the global banking system says he's going on the offensive against cybercriminals.

Gottfried Leibbrandt, chief executive of the Society for Worldwide Interbank Financial Telecommunication (SWIFT), announced the plan today in Brussels.

Grant Blankenship / GPB

Macon-Bibb County political leaders got their first look at an old school at the heart of a new housing development Tuesday.

A few members of the Macon-Bibb County Commission and Mayor Robert Reichert toured the still under renovation A.L. Miller High School building. For Commission member and Miller Alumnus Elaine Lucas, the tour brought memories and hopes for what will come once this is low income housing.

"It's going to be a boost for this whole area. A lot of our neighborhoods are in decline and this is one of them," Lucas said.

Episode 702: Nigeria, You Win!

May 20, 2016

Lariat Alhassan owned a tiny paint business in Abuja, Nigeria. Things weren't going great. She had no office. She was selling paint out of the trunk of her car. But one night, while Lariat was listening to music in her room, she heard an ad on the radio. At first, she was sure it was a scam. It said that the Nigerian government was offering millions of dollars to businesses. Practically no strings attached.

Sam Whitehead / GPB

After more than ten years of work, Vine City Park is officially complete. Community members, city officials, and Atlanta non-profits gathered Thursday for a ribbon-cutting for final phase of the park, which includes an expanded playground and flood-mitigating features.

Atlanta Mayor Kasim Reed said the park, which sits on two flood-prone acres in the heart of Vine City once occupied by abandoned lots and vacant buildings, was a meaningful part of the city’s effort to address blight and infrastructure issues. 

He also said it was a sign of things to come.

Note: This episode originally ran in April, 2012.

In New York City, thousands of food trucks and carts compete for the business of hungry office workers. Being in the right spot means the difference between fortune and ruin.

There are many rules to finding that perfect parking space. Here are six of them:

Sam Whitehead / GPB

On weekday afternoons, vehicle and pedestrian traffic flow heavily through the intersection of Martin Luther King, Jr. Drive and Joseph E. Lowery Boulevard about two miles west of downtown Atlanta.

 

On one corner there is a row of the kind of businesses you’d expect to find: a sports bar, a barber shop, a place to get your taxes done. But one storefront is different, and on certain afternoons, you’ll find Darren Hicks on the sidewalk out front in a full suit handing out fliers.

 

 

A couple of indicators just out suggest the U.S. economy might be getting ready to shift into a higher gear.

  • Overall industrial output rose at twice the rate most economists had predicted — with the strongest monthly gain in more than a year.
  • The U.S. Federal Reserve said manufacturing and factory output rose as well. That's a positive sign because economic trouble abroad has put a damper on demand for U.S. manufactured goods.

The Rust Belt Migration

May 17, 2016

Nearly six million baby boomers left the northeast region of America known as the “Rust Belt” when heavy industry collapsed in the late 1970s. Many fled south to cities like Atlanta. This migration is chronicled in Paul Hertneky's new book, "Rust Belt Boy." 

    

We speak with the author about how this migration created new communities in the South and what happened to the communities left behind. 

Episode 701: A Bank Without Interest

May 13, 2016

Stephen Ranzini runs University Bank in Michigan, and he prides himself on serving the local community. But one day, a Muslim man walked into his office and said: If your bank is so great at community service, how come you're not serving my community?

According to many scholars, Islamic law prohibits charging interest. Interest, of course, is pretty fundamental to banking.

Stephen Ranzini decided to find out: Is it possible to do what a bank does without charging interest?

Chances are that at some point in your online life, you've received an email with a subject like "The hottest method to please your beloved one," or "Want to get good health for low prices?"

Maybe you deleted it. Maybe your spam filter caught it. Or maybe you stopped for a second to ask why on earth you're getting so many of those emails. Who is sending them? Does anyone actually click on these links? What happens when they do?

Pages