Ones and Tooze

In today’s episode, Adam and Cameron look at the political realities as they assess both the United States’ and the European Union’s willingness to continue funding Ukraine’s efforts to defend itself against Russia. In the second segment, the two take a historic look back at how Las Vegas became Sin City and whether or not having a “fun” economy is beneficial to residents in the long term. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market value of Novo Nordisk, the Danish company that makes the weight loss drugs Wegovy and Ozempic, hit $500 billion this past week—a rare achievement for a European firm. Novo Nordisk is owned by a non-profit foundation, which gives the company an unusual corporate structure. Adam and Cameron discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices

Boeing's stock price has fallen by 14 percent since a hole blew open on one of its 737 Max 9 planes mid flight earlier this month. The plane has had other safety issues over the years. What are the implications for Boeing and its European rival, Airbus? Adam and Cameron dig in. Learn more about your ad choices. Visit megaphone.fm/adchoices

The attacks by Houthi militants on cargo ships in and around the Red Sea is posing a serious threat to global trade—serious enough to prompt American-led air strikes on the group in Yemen. Thirty percent of all global containers pass through the Red Sea Strait. Adam and Cameron discuss the economic implications. Learn more about your ad choices. Visit megaphone.fm/adchoices

The theme of the 54th annual meeting of the World Economic Forum at Davos is "Rebuilding Trust." Do the rich and powerful have our trust? Do they deserve it? Adam and Cameron dig in. Also on the show: Will the Biden administration block the $14.1 billion bid by Japan's Nippon Steel to take over U.S. Steel? Learn more about your ad choices. Visit megaphone.fm/adchoices

In the coming year, a record number of elections will be held around the world, including in Taiwan, India, Britain, the European Union, and the United States. Adam and Cameron look ahead at 2024 and specifically at the potential impact of these elections. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron look at the biggest economic stories of 2023, from inflation surges to the declining growth rate in China to the impact of artificial intelligence on jobs and life generally. Learn more about your ad choices. Visit megaphone.fm/adchoices

Just in time for Christmas, Adam and Cameron talk all things Santa and touch on topics ranging from elves, to reindeer, to the political status of the North Pole, in a tongue in cheek look in the holiday. Adam does his best to give real economical analysis to some farcical questions while also offering insight and historical perspective to the holiday celebrated across the globe. Learn more about your ad choices. Visit megaphone.fm/adchoices

Member states at the U.N.-led conference on climate change in Dubai have agreed to "transition away" from fossil fuels. Was it an unprecedented deal or a vague agreement that amounts to very little? Adam and Cameron dig in. Also on the show: Germany's 17 billion euro budget crisis. Learn more about your ad choices. Visit megaphone.fm/adchoices

Argentina's new president, Javier Milei, is a far-right libertarian and former television personality. He's also an economist who has promised to slash spending and close the country's central bank. Adam and Cameron dig in. Learn more about your ad choices. Visit megaphone.fm/adchoices

Filmmaker Ridley Scott's movie on Napoleon Bonaparte is an ambitious portrayal of a man considered one of the greatest military commanders in history. It's also the worst film Adam has ever seen. On this episode, Adam and Cameron discuss the movie and the man—including his economic policies. Brought to you by: betterhelp.com/onestooze https://www.npr.org/podcasts/510289/planet-money factormeals.com/ones50 Learn more about your ad choices. Visit megaphone.fm/adchoices

Wars and climate change around the world have had a huge impact on the insurance industry and the way it assesses risk. Adam and Cameron break it down. Learn more about your ad choices. Visit megaphone.fm/adchoices

A 5,000-word essay titled “The Techno-Optimist Manifesto” is getting a lot of attention in Silicon Valley and elsewhere. Written by the venture capitalist Marc Andreessen, the essay is a paean to technology as a driver of wealth and happiness but also a jingoistic glorification of late-stage capitalism and American nationalism. Adam and Cameron discuss. Brought to you by: factormeals.com/ones50 Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Adam and Cameron talk about the United Nations, which operates on an annual budget of $3.4 billion. The money is provided by member states but what does it buy them? Also on the show: The economics of Sweden. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cam do a live show at the Hertie School in Berlin. The two discuss topics including German political parties, Germany’s relationship to Israel, the efficacy of border walls both physical and virtual, and the state of higher education in Germany. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2023 U.S. deficit is expected to be around $2 trillion — about double the size of the 2022 fiscal year. Adam tends to be less concerned with deficits than other economic experts. But how does he feel about it this time? On today’s episode, Adam and Cameron analyze the current deficit. Then, they explore the World Series in baseball. Tickets for the livestream of our Oct 27 event in Berlin are still on sale: https://www.hertie-school.org/en/events/event-detail/event/ones-and-tooze-live-in-berlin Learn more about your ad choices. Visit megaphone.fm/adchoices

Egypt is struggling economically. Now it’s also facing pressure from the war between Israel and Hamas in the neighboring Gaza Strip. Adam and Cameron dig in. Also: Harvard University professor and economic historian Claudia Goldin won the Nobel Prize in economics this year for her work studying the gender pay gap. What does that work tell us about today’s labor force? For other podcasts, check out: https://www.npr.org/podcasts/510289/planet-money https://www.goalhangerpodcasts.com/disorder Learn more about your ad choices. Visit megaphone.fm/adchoices

Hamas’s attack on Israel and the coming Israeli ground offensive in Gaza have significant economic implications for both sides. Adam and Cameron explore. Hey, Ones and Tooze listeners in Berlin! After the success of the last live show, Adam and Cameron are going to be doing another live taping on Oct. 27 at 7 p.m. at the Hertie School (Friedrichstraße 180, 10117 Berlin, Germany). Tickets are going quickly. Purchase them here: https://www.podfestberlin.com/event-details/ones-and-tooze-live-in-berlin Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron devote the entire episode to looking at all aspects of migration as the number of asylum-seekers in Europe is on pace to hit a record 1 million this year. Adam discusses how economically speaking migration is a net-plus for most countries and how it’s vital to invest in housing and other infrastructure in order to absorb new populations. Hey, Ones and Tooze listeners in Berlin! After the success of the last live show, Adam and Cameron are going to be doing another live taping on Oct. 27 at 7 p.m. at the Hertie School (Friedrichstraße 180, 10117 Berlin, Germany). Tickets are on sale now. Purchase them here: https://www.podfestberlin.com/event-details/ones-and-tooze-live-in-berlin Learn more about your ad choices. Visit megaphone.fm/adchoices

The strike of United Auto Workers raises thorny questions not just about labor in the United States—but also about the fight against climate change. Adam and Cameron dig in. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron answer more listener questions, this week about inflation. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Adam and Cameron mark two years since the start of the podcast. They spend the episode answering listener questions on China. To sign up for Foreign Policy's excellent weekly newsletter on China for free, go to: https://foreignpolicy.com/category/china-brief/ Brought to you by: betterhelp.com/OnesTooze Learn more about your ad choices. Visit megaphone.fm/adchoices

Billionaire George Soros has been funding democracy promotion around the world for decades, through his Open Society Foundations. For his efforts, he has become a bogeyman for the far right. But what economic philosophies drive Soros’s charity work? And how do they align with the business strategies that made him so fabulously wealthy? Adam and Cameron dig in. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron discuss the common pencil—both a must-have back-to-school item and a metaphor for the free-market economy. Also on the show: The economics of Mongolia. Learn more about your ad choices. Visit megaphone.fm/adchoices

Economic growth in Japan is surging while the U.K. continues its long slump. Adam and Cameron explain what's driving the trends in each country. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are Western sanctions on Russia working? The Russian central bank raised interest rates by a dramatic 3.5 percent in the past week after the ruble dropped sharply—clear signs that the Russian economy is faltering. But in many ways, Moscow has defied expectations. Adam and Cameron explain how. Also on the show: the economics of Niger. Learn more about your ad choices. Visit megaphone.fm/adchoices

China is facing a crisis in its real estate market that threatens to impact its economy overall. Adam and Cameron explore the broader issues in China accounting for the slowdown. Learn more about your ad choices. Visit megaphone.fm/adchoices

The government of Prime Minister Benjamin Netanyahu has been moving Israel steadily toward authoritarianism, with a series of proposed laws designed to weaken the country’s Supreme Court. In response, many thousands of Israelis have protested, high-tech companies have pulled out, and credit rating agencies are issuing warnings about investment in Israel. Cameron and Adam discuss how all this will impact Israel’s economy and the country’s future. Learn more about your ad choices. Visit megaphone.fm/adchoices

For a bonus listen this week, we're sharing an episode from The Hidden Economics of Remarkable Women, a podcast from FP about women creating change through economic empowerment, hosted by Reena Ninan. The latest season focuses on the role of male allies. When are they effective? Why are they doing this work? And how do they influence men and boys? In this episode, hear how two groups of allies in South Africa are working to end gender-based violence in their country. Learn more about your ad choices. Visit megaphone.fm/adchoices

What is U.S. President Joe Biden's economic philosophy? Post-neoliberal? Or maybe pre-neoliberal? Or something else altogether? Adam and Cameron discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices

The old debate over equity in Hollywood has become much more complicated thanks to streaming services and artificial intelligence. Adam and Cameron break it down. Learn more about your ad choices. Visit megaphone.fm/adchoices

Addressing crises around the world from climate change to poverty will require spending many trillions of dollars. Yet the T-word remains a taboo among politicians. On this episode, Adam and Cameron discuss why we need to embrace it. Also on the show: The economics of cigarettes. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Apple became the first company ever to reach a valuation of $3 trillion. Is the company that Steve Jobs built really worth that much? Adam and Cameron discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices

The mutiny in Russia led by Yevgeny Prigozhin this past week raises tough questions about the future of President Vladimir Putin. Adam and Cameron discuss the military and economic implications. Also on the show: The economics of fireworks. Learn more about your ad choices. Visit megaphone.fm/adchoices

Europeans recall a time when the European Union’s economy was substantially larger than America’s. But in the past 15 years, the United States has surged, while Europe has declined. On the show this week, Adam and Cameron discuss why that is and what the implications are on both sides of the Atlantic. Also on the show: the economics of drones. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's episode, Adam and Cam look at the devastating impact Russia's war on Ukraine has had on Ukraine's infrastructure - in particular the destruction of the Kakhovka dam. In the second segment, the two reflect back on the life of former Italian Prime Minister Silvio Berlusconi and try to parse out how much his personal scandals impacted the national economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

An exhibition in Amsterdam of the Dutch painter Johannes Vermeer's works has been sold out for months. But what's in it for the museum hosting the collection? Adam and Cameron discuss the economics of high art and blockbuster art shows. Also on the podcast: The economics of professional basketball. Learn more about your ad choices. Visit megaphone.fm/adchoices

As a special bonus this week, U.S. climate envoy John Kerry joins Foreign Policy’s editor in chief Ravi Agrawal on our new show, Foreign Policy Live. Each week, Agrawal sits down with world leaders and policy experts on the issues that matter most to you. Watch these conversations live by going to foreignpolicy.com/live or listen to the podcast every Friday. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's a great time to be in the AI business. Just ask Nvidia, the AI chip company that doubled in value this year. Cameron and Adam discuss whether it's overvalued... or worth every penny. Also on the show: the economics of Mexico. Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is a recording of a live show Adam and Cameron held at the Prachtwerk in Berlin on May 25, 2023. Topics include the American debt ceiling and Germany's role in the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Turkish President Recep Tayyip Erdoğan's unorthodox monetary policies have caused surging inflation and a currency crisis. And, yet, most voters don't seem to mind. Adam and Cameron analyze Turkey's economy and politics in this episode. Also on the show: Why is olive oil suddenly so expensive? Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode Cameron and Adam take a look at the emergence of green hydrogen and its potential for being a major boon to places like Africa and India. Adam also talks about how this green energy source ,which generates a tremendous amount of heat, will help reduce emissions for creating steel and other industrial processes. In the second segment, grab your backpack, Cameron and Adam take a look at European travel on the cheap. They discuss low cost travel options, hosteling, and which European countries offer the most bang for the buck. (Hint...try Albania!) Learn more about your ad choices. Visit megaphone.fm/adchoices

JPMorgan Chase has come to the rescue of the banking industry once again by buying the doomed First Republic Bank. On this week's show, Adam and Cameron discuss what JPMorgan gets from the deal (spoiler alert: higher profits and even more sway in the U.S. financial system). Learn more about your ad choices. Visit megaphone.fm/adchoices

The Biden administration has a tough dilemma to work out: how to push back against China's geopolitical ambitions while also maintaining vital economic ties. In this episode Adam and Cameron explore what levers are available to the US and its EU partners to still exert influence and why in the end the existing world powers may need to completely rethink China's role in global institutions. And a quick note to our listeners in Berlin... Adam and Cameron will be taping a live episode of Ones and Tooze on May 25 at Prachtwerk Berlin. Click on the link below for tickets. Tickets are almost all sold out so don't wait! https://www.podfestberlin.com/event-details/ones-and-tooze-live Learn more about your ad choices. Visit megaphone.fm/adchoices

Iran and Saudi Arabia are exchanging ambassadors a month after announcing their resumptions of diplomatic ties. What will this detente mean for economics in the region? And a quick note to our listeners in Berlin... Adam and Cameron will be taping a live episode of Ones and Tooze on May 25 at Prachtwerk Berlin. Click on the link below for tickets. Their last show in New York City sold out quickly, so don’t wait! https://www.podfestberlin.com/event-details/ones-and-tooze-live Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode, Cameron and Adam discuss the Nike Air juggernaut: how Michael Jordan's basketball shoes became a multi-billion dollar enterprise. Also on the show, how austerity measures in Greece contributed a deadly train crash there earlier this year. And a quick note to our listeners in Berlin... Adam and Cameron will be taping a live episode of Ones and Tooze on May 25 at Prachtwerk Berlin. Click on the link below for tickets. Their last show in New York City sold out quickly, so don’t wait! https://www.podfestberlin.com/event-details/ones-and-tooze-live Learn more about your ad choices. Visit megaphone.fm/adchoices

This week on the show, Adam and Cameron discuss the economy of South Africa, which has come a long way since the end of apartheid in 1990. South Africa is now number 36 on the list of countries ranked according to GDP. But deep economic inequalities persist, as a legacy of the apartheid era. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hosts Cameron Abadi and Adam Tooze talk about Berlin, Cam’s home town, on this week’s episode. They grapple with the recent mayoral election and what it says about the economy there. Before that, Cam and Adam dig into climate change news. According to the latest report from the Intergovernmental Panel on Climate Change (IPCC), it seems increasingly unlikely the world will be able to limit global warming to 1.5°C. Adam and Cam discuss what countries should be doing with this new information. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's been 20 years since the U.S. invaded Iraq and the toll continues to mount. Hundreds of thousands died in the fighting and millions were displaced, when you count the ancillary wars that rippled across the region. Adam and Cameron focus their discussion this week on Iraq's economy, which was devastated by the war and has never fully recovered. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron discuss what really caused Silicon Valley Bank to collapse and what other potential calamities to look for in the coming weeks and months. Learn more about your ad choices. Visit megaphone.fm/adchoices