Plain English with Derek Thompson

Derek breaks down the biggest economic mystery of the moment: Why are the most successful tech companies collectively laying off more than 130,000 people if the overall unemployment rate is still historically low? Then award-winning Puck journalist William Cohan rejoins the podcast to talk about the biggest unanswered questions swirling around disgraced billionaire Sam Bankman-Fried, his FTX bankruptcy proceedings, and his forthcoming criminal case. Host: Derek Thompson Guest: William Cohan Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

We have historically thought about weight as the mere outcome of our deliberate choices about diet and exercise. We have not typically thought about weight like a disease. But in the past 18 months, there’s been an extraordinary revolution in weight-loss medication that's putting in our hands a therapy that can help people easily shed weight without major side effects. You may have heard these drugs go by the name Wegovy or Ozempic. What happens when you take a country obsessed with self-image and diet and tell them that the mystery of weight loss has now been reduced to a daily injection? You change a lot more than body mass index. You change society. Today’s guest is Susan Z. Yanovski. She is the co-director of the Office of Obesity Research and the program director of the Division of Digestive Diseases and Nutrition at NIH. We talk about the stakes of anti-obesity medication, why diet and exercise doesn’t work for so many people, how these weight-loss drugs could help American health care, strain American insurance, and revolutionize America’s sense of willpower, responsibility, and diet. Host: Derek Thompson Guest: Susan Z. Yanovski Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today’s episode is about what Americans don’t get about food—and the historical origins of our diet delusions. Our guest is Dr. David Ludwig, an endocrinologist who has researched and written on obesity and diet. He explains why scientists still haven't arrived at a consensus on obesity, why he thinks the conventional wisdom about calories and fat is wrong, what he thinks is really going on, and why the history of diet advice has been so wrong in the last half-century. On Friday, we'll continue the conversation on diet and obesity with an episode on the next generation of weight-loss medication, which could change the way America thinks about self-image and obesity forever. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: David Ludwig Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Last year was a bloodbath for media of all stripes. Netflix crashed, the advertising market cratered, Disney fired a CEOBob and replaced him with a CEOBob, and meanwhile, the domestic box office for films remained dormant. Outside of a handful of huge hits like 'Top Gun: Maverick,' the movie business is struggling to get people to see original movies that aren’t just the latest installation of familiar franchises. But one mistake that media people, like me, can often make is that we mistake current trends for permanent trends. So I thought what we’d do today is run through several predictions and provocations that I’m hearing from my friends and sources in the media and entertainment space, throw all of them at a smart media analyst, and see what they have to say about the prevailing wisdom. Today’s smart media analyst is return guest Rich Greenfield from Lightshed. Host: Derek Thompson Guest: Rich Greenfield Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

We should be living in a golden age of creativity in science and technology. We know more about the universe and ourselves than we did in any other period in history, and with easy access to superior research tools, our pace of discovery should be accelerating. But as one group of researchers from Stanford put it: “Everywhere we look we find that ideas … are getting harder to find.” Another paper found that “scientific knowledge has been in clear secular decline since the early 1970s,” and yet another concluded that “new ideas no longer fuel economic growth the way they once did.” As regular listeners of this podcast know, I am obsessed with this topic—why it seems like in industries as different as music and film and physics, new ideas are losing ground. It is harder to sell an original script, harder to make an original hit song, and harder to publish a groundbreaking paper, and while these trends are NOT all the same, they rhyme in a way I can’t stop thinking about. How did we build a world where new ideas are so endangered? This year, a new study titled “Papers and Patents Are Becoming Less Disruptive Over Time” inches us closer to an explanation for why this is happening in science. The upshot is that any given paper today is much less likely to become influential than a paper in the same field from several decades ago. Progress is slowing down, not just in one or two places, but across many domains of science and technology. Today, I speak to one of the study’s coauthors. Russell Funk is a professor at the Carlson School of Management at the University of Minnesota. We talk about the decline of progress in science, why it matters, and why it’s happening—and we give special attention to a particular theory of mine, which is that the incentive structure of modern science encourages too much research that doesn’t serve any purpose except to get published. In other words, science has a bullsh*t paper problem. And because science is the wellspring from which all progress flows, its crap problem is our problem. Host: Derek Thompson Guest: Russell Funk Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Michael Batnick and Ben Carlson of Ritholtz Wealth Management rejoin the pod to talk about what they learned from the topsy-turvy 2022 economy and make predictions about 2023 markets. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guests: Michael Batnick and Ben Carlson Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

This has been an amazing year for the show, and I’m so grateful for everybody who has listened. I’m off the last two weeks of the year but I wanted to keep something in your feed over the holidays, so this week I’m reboosting one of our most popular episodes of the year. Maybe you listened and want to listen again. Maybe you missed this one, and want to check it out. Or you’re looking at this feed for the first time and trying to figure out whether this is your kind of show. I think these episodes offer a great snapshot of what we try to do here on 'Plain English.' Range widely across topics. Synthesize complicated ideas. Frame breaking news and big ideas in ways that you’ll remember when the show is over. And do it all relatively quickly. No BS. No filler. An espresso shot of news analysis. In today’s episode, I talk with the author Chuck Klosterman about why society has gotten so negative, ranging from TV and film to politics and social media. Maybe the most wide-ranging conversation of the year and, in terms of online reception, probably the single episode that I got the most positive feedback from … Ironically. I hope you enjoy! Happy holidays, and if you feel like giving this show a small gift, head to Spotify or Apple Podcasts and leave a five-star rating and review. It goes a long way. See you in the new year! Host: Derek Thompson Guest: Chuck Klosterman Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

This has been an amazing year for the show, and I’m so grateful for everybody who has listened. I’m off the last two weeks, but I wanted to keep something in your feed over the holidays, so this week I’m re-boosting one of our most popular episodes of the year. Maybe you listened and want to listen again. Maybe you missed this one and want to check it out. Or you’re looking at this feed for the first time and trying to figure out if this is your kind of show. I think these episodes offer a great snapshot of what we try to do here on 'Plain English.' Range widely across topics. Synthesize complicated ideas. Frame breaking news and big ideas in ways that you’ll remember when the show is over. And do it all relatively quickly. No BS. No filler. An espresso shot of news analysis. In today’s episode, I talk with The Ringer’s Ryen Russillo about the most impressive sports statistic of all time. This is of course wildly subjective. And that’s the fun of it. Happy holidays, and if you feel like giving this show a small gift, head to Spotify or Apple Podcasts and leave a five-star rating and review. It goes a long way. See you in the new year! Host: Derek Thompson Guest: Ryen Russillo Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Derek talks to economist and writer Eli Dourado about the most exciting scientific and technological discoveries of the year, from the AI toys that everybody seems to be playing with to lesser-known breakthroughs in bioscience, clean energy hardware, and precise atomic manipulation. Due to the holidays, we will be skipping our Friday episode this week. However, we’ll be back next Tuesday to revisit one of our favorite interviews from the past year as we inch closer to 2023. Host: Derek Thompson Guest: Eli Dourado Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

In the last 50 years, average sperm counts have fallen by 50 percent. This isn’t just happening in the U.S. or Europe or Asia. It seems to be happening everywhere. If the current rate of decline continues, researchers concluded, the average male sperm count will fall so low that the typical guy in every advanced economy will be infertile by 2050. Harvard's Jorge Chavarro, a professor of nutrition and epidemiology, breaks down the data on declining sperm counts and tells us what it means, what might be causing it, what men can reasonably do to avoid it, and how bad it could get. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Jorge Chavarro Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Day Week Global is a nonprofit organization that recently conducted a trial with 33 companies and 900 workers that replaced the typical five-day week with a four-day work week with no change in pay. After the six-month trial ended, 97 percent of employees who responded said they didn’t want to go back to five days per week, and most employers rated the overall experience 9 out of 10. The pandemic showed us that so much about the way we work is an accident of history, solidified by familiarity and the passage of time. Maybe the office is where we should do all white-collar work. Or maybe that’s wrong. Maybe a two-day weekend is all people need to feel perfectly recharged. Or maybe that’s wrong. Maybe, in some cases, four is greater than five. Juliet Schor is an economist at Boston College and a lead researcher on the four-day work week trial. We talked about how work and the economy might be reorganized in her vision of a four-day work week, why even employers might appreciate an extra day off, and why Americans’ relationship to work, time, and well-being needs some kind of revolution. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Juliet Schor Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

One year ago, we had Anne Applebaum on the podcast to talk about her essay, "The Bad Guys Are Winning." And I think you could have made an argument that this was the most important story in geopolitics. Across the world, the rise of authoritarianism—in Russia, China, Turkey, Venezuela, India, and even right here in the U.S. authoritarianism was ascendant. Illiberalism was rising. Anti-democratic forces were assembling. But at this very moment, the opposite narrative seems like it might just be the most important story in the world. The fall of the authoritarians. Look at China, where the ruler Xi Jinping's "zero-COVID" policy is sparking a wave of protests. Look at Russia, which is losing its war against Ukraine. Look at Iran, which is rife with protests for women’s rights. Today’s guest is Francis Fukuyama, the author of the very famous (and very misunderstood) book, 'The End of History and the Last Man.' In this episode we take a first-class tour of what’s happening in China, Russia, Iran, and the U.S., ending with some thoughts on the future of liberalism in America. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Francis Fukuyama Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Americans have never spent so much time alone. And alone time is rising sharply for every demographic—young and old, male and female, white and non-white, metro and rural. But is aloneness the same as loneliness? And can we really blame technology for it? Derek talks with economist Bryce Ward about the causes and consequences of the rise of alone time in America. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Bryce Ward Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today’s episode is a Thanksgiving feast of corporate scandal and media gossip. Derek kicks things off with a big-picture theory for why everything in tech and media seems to be falling apart at the same time. Then, we turn to the corporate shocker of the week: Bob Iger stunned the entertainment and media world by announcing his return to Disney as CEO, not even three years after the coronation of his hand-picked replacement, Bob Chapek. Matt Belloni of The Ringer and Puck joins to respond to some hot takes about the future of the streaming wars and the Mouse. Then, Derek revisits the FTX scandal. We're joined by Matthew Yglesias, author of the Slow Boring newsletter, to take a fresh look at the downfall of Sam Bankman-Fried by analyzing the philosophy he supported, or at least claimed to support: effective altruism. Host: Derek Thompson Guests: Matthew Belloni and Matthew Yglesias Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today’s episode is about China’s turn toward authoritarianism—and why it might be one of the most important stories in the world. If you don’t know a lot about China—if you’ve been interested or astonished from afar by its Zero-COVID policy or its alarming saber-rattling toward Taiwan—then you and I are in the same boat. I am not at all an expert on China. But I am fascinated and alarmed by the country’s politics and by the character of its leader, Xi Jinping. Today’s guest is an expert in all things China: Bill Bishop, who writes the incredibly popular Sinocism newsletter. And he has a new podcast out called 'Sharp China.' In this episode, we discuss my biggest fears and questions: What is happening to the Chinese economy right now? Is Xi Jinping a tyrant? And if he chooses to invade Taiwan, is that World War III? Host: Derek Thompson Guest: Bill Bishop Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Derek shares his thoughts on the meltdown of crypto exchange FTX and the disgrace of its founder, Sam Bankman-Fried, before welcoming veteran finance journalist William D. Cohan to discuss the history of finance frauds, what comes next for FTX, the media’s relationship to CEO royalty, and his new book, 'Power Failure,' on the rise and fall of GE. Host: Derek Thompson Guest: William D. Cohan Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

The polls were right; the vibes were wrong. Democrats seem to have blocked the Republican wave by riding “Dobbs and democracy.” Trump lost, and extremism lost. DeSantis won, and Florida is a red state now. Also: Why is America so terrible at counting votes? Host: Derek Thompson Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Musk regime is off to a chaotic start at Twitter. In barely a week or two of ownership, Elon has already overseen a collapse in advertising revenue, announced a pivot to subscriptions, attempted to fire about half of the staff, and then attempted to rehire some of the fired staff. It would be one thing if Elon were flailing at Twitter while the rest of social media was on a rocket ship. The opposite is true. At Meta, the parent company of Facebook, Mark Zuckerberg has embarked on a truly audacious and possibly suicidal plan to spend somewhere between $100 billion and $200 billion building out a metaverse platform. What the hell is happening at these companies and, beyond the lurid details and gossip, what does it say about the larger ecosystem of social media? Today’s guests are the co-hosts of the new New York Times tech podcast 'Hard Fork': Kevin Roose is a reporter at the Times and a frequent guest on this show. And Casey Newton is the author of the Platformer newsletter. Host: Derek Thompson Guests: Kevin Roose and Casey Newton Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Americans are unusually conspiratorial as a nation. But in the last week, we have really outdone ourselves. The beating of Paul Pelosi—husband of the Speaker of the House—by a Q-Anon conspiracy theorist led to even more unhinged conspiracies about the media. Kanye West has been all over the news spreading nonsense theories about Jewish control of the world, and in basketball Kyrie Irving published a social media post about a book and movie that featured antisemitic tropes and questioned the Holocaust. What makes certain conspiracy theories so successful? Why do conspiracy theories thrive in 21st century America? And aren't some conspiracy theories ... actually true? Like, what's the deal with aliens, and 1950s UFOs, and the assassination of JFK, and government projects on astral projection and military psychic powers? It's all here in today's episode, featuring the hosts of the popular podcast Stuff They Don't Want You to Know. Host: Derek Thompson Guests: Noel Brown, Ben Bowlin and Matt Frederick Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Skyrocketing mortgage rates. Rent prices falling by their fastest pace in years (from their highest inflation rate in decades). Buyers and sellers are freaked out. What the hell is going on with American real estate?Today is a very special crossover event, featuring one of my favorite finance podcasts: 'Odd Lots' hosted by Tracy Alloway and Joe Weisenthal. Most of what I think I know about the housing market is a river that flows from the headwater that is 'Odd Lots' and the online commentary of Tracy and Joe. So, this is a thrill for me. I hope it’s a thrill for you. Host: Derek Thompson Guests: Tracy Alloway and Joe Weisenthal Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

We’re in a moment in world history where a lot of big global paradigms are dying. For decades, Europe was basically peaceful. That paradigm has gone up in smoke. For decades, the relationship between the U.S. and China was one of mutual dependency and growth. That paradigm, I think, is changing rapidly as the U.S. moves toward a new industrial policy and China shrinks inside a shell of authoritarianism. And for decades, low interest rates shaped the world—the companies that got started, the growth of the internet, and the ability of governments to run massive deficits. And that paradigm is going away. Global markets are a mess right now, and I wanted to bring back one of my favorite writers to talk about it. He is Morgan Housel, a partner at Collaborative Fund and the author of the bestselling book The Psychology of Money. We talk about what happened to the markets in the last 18 months, the legacy of zero-bound interest rates, and inflation—but that’s just maybe the first 10 minutes. The bulk of this episode is about deeper questions: What is investing for? Does making more money really make us happy? And why do so many rich people seem so miserable? If you like this episode, please leave us a rating on Spotify or a five-star review on Apple Podcasts. If you don’t like this episode, tell us why at [email protected]. Host: Derek Thompson Guest: Morgan Housel Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

About a week ago, a new global news organization launched called Semafor. Ben Smith is its cofounder and editor-in-chief. We offer a brief history of news media in the 21st century and talk about why in some ways the news business is more like the 19th century than the 20th. We discuss what to say to investors when you’re trying to get their money to start a new media company, and debate why TikTok is the biggest undercovered media story in the world. Host: Derek Thompson Guest: Ben Smith Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

We’re coming down to the wire, and Democrats' hopes of holding onto the Senate and the House are fading fast. Two months ago, the story was that Democrats seemed poised to pull off an upset and hold onto the Senate despite the fact that the party in power almost always loses seats in the midterm election. But now, the Senate looks like a toss-up. It’s not just Democrats who are facing challenges this year—pollsters are too. Error margins are rising as fewer people are responding to survey calls. That means we’re flying half-blind out there: Political campaigns, commentators, and voters can’t be sure that the polling averages that they’re seeing in the news are an accurate reflection of reality. Today's guest is Kristen Soltis Anderson, a Republican pollster and the co-founder of Echelon Insights. We discuss the closest races in Georgia and Pennsylvania, whether Donald Trump is an overall help or hindrance to the GOP, and why the golden age of polling is over. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Kristen Soltis Anderson Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

For years, liberals have deluded themselves into thinking that Donald Trump was always on the verge of some calamitous legal defeat. Robert Mueller was made into an icon of the left. But no charges were filed. The Russiagate theory had a lot of smoke, and even some fire, but it failed to put Trump in a courtroom. At this point, you could be forgiven for checking out entirely on the efforts to charge Trump with crimes, since they all seem to end the same way. Without an indictment. If that’s going to change, it will largely rest on the decision making of one man: Merrick Garland, the attorney general of the United States. In a recent essay for The Atlantic, staff writer Frank Foer spent hours talking to Garland to understand who he is, how he thinks, and how his approach to law could help us predict the next chapter of the Trump legal saga. Foer comes away with a big prediction: The indictment of Trump is now "inevitable." And he’s here to tell us why. Host: Derek Thompson Guest: Frank Foer Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Stanford University professor Nicholas Bloom joins the show to talk about how the hybrid work revolution is going, and how the weakened connection between work and home continues to change where Americans live, how they travel, how they spend their time, how they raise their kids, and even how much time they spend combing their hair (survey says: less!). If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Nicholas Bloom Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

This is the 100th episode of Plain English! I don’t know how that’s possible. Thanks to all of you who have listened. This has been a ton of work and a ton of fun. I’m still figuring out what this show is; how to balance news and tech gossip and big society questions and war coverage. There are days I think I know exactly what I’m doing and days I think I know even less than when I started out. And I just want to say to all the folks who have, on any medium, offered negative feedback or positive feedback: I’m reading it. Today, we're joined again by our first-ever guest, Kevin Roose from the 'New York Times,' to talk about Elon vs. Twitter and the deep implications of the year's astonishing breakthroughs in AI. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_Host: Derek Thompson Guest: Kevin Roose Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week, the Yankees' Aaron Judge hit his 62nd home run of the season, and it’s triggered a ferocious debate that has a lot of people very worked up over a deceptively simple question: Who is baseball’s home run king? In 2001, Barry Bonds hit 73 home runs. In 2022, Judge hit 62 home runs. Seventy-three is more than 62. Those are facts. But Barry Bonds used steroids. Other sports, like cycling, have stripped athletes of records and championships if they’re caught doping. Lance Armstrong won seven Tour de France titles but was stripped of all of them. So, what do we do about Bonds and his fellow dopers, like Mark McGwire and Sammy Sosa? Do we consider their records illegitimate? If so, Aaron Judge is the single-season home run king. Or do we say, you can’t just selectively erase history? In which case, Judge doesn’t have any major record. He’s just a big, tall guy who had a very nice season. You might think: OK, who cares what words we use to talk about baseball? The answer is: I care! There was a period in my life when debating baseball stats and baseball history was literally my favorite activity in the world. My identity as a fifth grader was being the baseball stats guy. And also, a lot of people care. This debate over who is the legitimate single-season home run king has been hands down the most fun baseball discourse I can remember in maybe 20 years. Today’s guest is Bill Simmons. We talk about MLB history, the joy of debating records, how baseball ruined itself, and who is really baseball’s home run king. Host: Derek Thompson Guest: Bill Simmons Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

What if, in trying to fix the hangover of domestic inflation, the Federal Reserve is accidentally triggering a series of diabolical domino effects that could screw up the global economy? Joining the show today to walk us piece by piece through those dominos is Kyla Scanlon, a writer and brilliant economic explainer on TikTok and YouTube. Kyla is an expert at what I try to do with this show, which is to explain complicated ideas in simple ways without losing the nuance that makes them complicated in the first place. I’ve learned a lot from her. And I hope you do, too. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Kyla Scanlon Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

A wide-ranging conversation with speaker and star podcaster Scott Galloway ('The Prof G Pod,' 'Pivot') on his new book 'Adrift,' why being a pundit means being a talented “catastrophist,” the struggles of broke and lonely men, the upside of crypto, and the dark side of the metaverse. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Scott Galloway Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Last week the Federal Reserve raised interest rates by 0.75 percentage points, continuing one of the fastest escalations of the benchmark rate in history. Jerome H. Powell, the Fed chair, warned that more pain was to come as the central bank fixes its eye on Sauron on our core inflation. But the theme of this episode is that U.S. interest rate policy does not stop at the U.S. border. Our monetary policy is a lever that moves the world. Soon after the Fed’s announcement last week, the British pound crashed, oil prices fell, currencies (crypto- and otherwise) fell, and the possibility of a global downturn came ever slightly into greater focus. Today’s guest is Jason Furman, the Harvard economist and former top economic adviser to President Barack Obama. We talk about the state of the U.S. economy, why the Fed is doing what it’s doing, the best arguments against rising interest rates, the global fallout of U.S. monetary policy, and the possibility that the world economy is headed for a dark, dark winter. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Jason Furman Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

American men have a problem. They account for less than 40 percent of new college graduates but roughly 70 percent of drug overdose deaths and more than 80 percent of gun violence deaths. As the left has struggled to offer a positive vision of masculinity, male voters have abandoned the Democratic Party at historically high rates. Brookings Institution scholar Richard Reeves, the author of a new book 'Of Boys and Men,' joins the show to ask and answer a number of controversial questions: Why do women out-achieve men throughout education? Why are men dropping out of the labor force? Why can't Democrats win the male vote? And what would a progressive and positive vision of masculinity look like? If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_. Host: Derek Thompson Guest: Richard Reeves Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today’s episode is about the science of self-talk—and how our relationship to our own inner monologue can become toxic. Psychologist Ethan Kross joins the show to explain his work on emotion regulation, his book 'Chatter' on the science of negative self-talk, why the ability to have an inner monologue can be a kind of superpower, and how to harness it. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_.Host: Derek Thompson Guest: Ethan Kross Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

While the broader economy is almost certainly not in a recession, the U.S. housing market is facing a painful reset. As the Federal Reserve raises interest rates to reduce inflation, the most rate-sensitive sector of the economy—which is housing—is taking it on the chin. Today's guest, Mark Zandi, the chief economist of Moody’s Analytics, breaks down the queasy state of the U.S. housing market, the prospect of a correction, what nationwide falling housing prices will mean for the broader economy, the global synchronized decline in housing, and how China's extremely bizarre year is affecting our economy. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Mark Zandi Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

In 2015, 193 world leaders agreed to 17 ambitious goals to end poverty, fight inequality, and stop climate change by 2030. Seven years in, the world is on track to achieve almost none of those goals, according to a new report from the Bill and Melinda Gates Foundation. But the world really is getting better, the founder and philanthropist Bill Gates tells Derek in this episode. Around the globe, poverty, hunger, and child mortality rates are falling. Income, health care coverage, and lifespans are growing. Bill and Derek talk about the “best news in the world,” why genetics is the most exciting domain in all of science, and how Gates is helping to build the future of food in Africa. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Bill Gates Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

We're in a new phase of the Ukraine-Russia war. Paul Poast of the University of Chicago returns to the podcast to break down Ukraine's extraordinary counteroffensive. He explains why this counterattack is reminiscent of D-Day, why President Vladimir Putin continues to struggle to achieve his objectives, and whether the end of the war could be within sight. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Paul Poast Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hours before the death of Queen Elizabeth II, Derek talked to Duncan Weldon, the Britain economics correspondent at The Economist, about the UK's political and economic challenge. Russia’s invasion of Ukraine has sent energy prices soaring across Europe, but few countries have it worse than the UK, where inflation skyrocketed past 10 percent and the Bank of England projects a deep and lasting recession. This comes after a 15-year period of utter economic stagnation, Brexit, and the clown show of Boris Johnson. How did the UK, the birthplace of modern capitalism and the industrial revolution, become such an economic and political disaster? And will the queen's death affect the nation's trajectory? If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Duncan Weldon Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Students are going back to school this month. But according to many news sources, there won't be nearly enough teachers to greet them. The Washington Post has warned of a “catastrophic teacher shortage.” ABC World News Tonight called it a new “growing crisis,” and the Wall Street Journal warned of a “dog-eat-dog” scramble to hire underqualified instructors. Heather Schwartz, a senior policy researcher at the Rand Corporation, explains why she thinks the "national teacher shortage" narrative is overblown, why declining teacher morale is a real story, and what's really happening in American public education today. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Heather Schwartz Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Earlier this year, it appeared that Democrats were going to get destroyed in the midterms. Joe Biden's approval rating was in the toilet, inflation was raging, and everything was going wrong. It wouldn't have been historically shocking if Democrats lost seats in November. The party in power typically loses seats in midterm elections, thanks in part to the electorate's preference for balance. But then something weird happened. Joe Biden's polls went up. And up. And up. Republican Senate nominees starting flailing across the country. Today, Democrats are favored to keep the Senate, and they have doubled their odds of holding the House. How did this happen? FiveThirtyEight's Nate Silver joins the podcast to explain the big picture and analyze the most fascinating individual races, from Pennsylvania to Ohio. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Nate Silver Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

The level of student debt in this country represents a massive policy error. But is forgiving up to $20,000 of student debt really the best way to help low-income Americans, or fix the nation's education-financing problems? The Atlantic's Jerusalem Demsas joins Derek to discuss the student loan forgiveness debate and weigh the positives and negatives of Biden's controversial new policy. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Jerusalem Demsas Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today’s episode is about the entertainment and media industry’s tumultuous summer, the streaming wars, a come-to-Jesus moment for movie theaters, and a dramatic revamp at CNN—which tells a lot about the state of the news industry. My guest is Matt Belloni, host of the Ringer podcast 'The Town' and a founding partner at Puck News. He tells us what he’s hearing from his deep industry sources about the future of the blockbuster, the demise of the romantic comedy, the purge at HBO Max, and the murky path forward for Netflix. He also indulges me as I try to think of restaurant analogies for all of the major streaming companies as they try to differentiate themselves in a crowded field. (If you're not familiar with the amenities of the Tri-State area, this might be a good time to look up "Wawa.") If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Matt Belloni Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

The economist Raj Chetty has spent much of the last decade trying to answer a very big question: What happened to the American Dream? In 1940, a child born into the average American household had a 92 percent chance of making more money than his or her parents. But in the last half century, something has gone wrong. A child born in 1980 had just a 50 percent chance of surpassing her parents’ income. So, in 40 years, earning more than your parents went from being a near certainty to no better than a coin flip. Marshaling enormous data sets in extremely creative ways, Chetty has shown that our chances of moving up in the world are exquisitely sensitive to where we grow up. In some cities, like Minneapolis, the American Dream seems to be very much alive. In other places, the poor are trapped in poverty for generations. So, the trillion-dollar question here is: If some neighborhoods in America are like Miracle-Gro for opportunity, what are the active ingredients? What makes a place special? In today's episode, Chetty gives listeners a new vocabulary to think about success and inequality in America, with ideas like "father presence," "friending bias," and "Lost Einsteins." If you’d like to see a literal map of American inequality built with Chetty’s data, I would encourage you for this episode alone to go multi-media and visit www.socialcapital.org to see how your neighborhood fares as an engine of upward mobility. That way, you’ll have a fuller sense of where the American Dream is dying—and what we have to do to bring it back. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Raj Chetty Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Bestselling author Chuck Klosterman talks to Derek about the death of the monoculture, how the internet creates cults of fans and anti-fans, and how “hating things” became a mainstream personality trait and a political position. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Chuck Klosterman Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

I've never before recorded an episode specifically about Donald Trump. I guess I’ve been holding out for the chaos that typically swirls around him to exceed an extremely high bar of freaky nonsense. This week, I am forced to conclude that the bar has been surpassed. The January 6 investigations in D.C. and the New York state business investigation are newsworthy on their own. But last week, federal agents descended on Mar-a-Lago, Trump’s private club and Florida home, and came away with a trove of top secret documents and papers. This investigation could implicate the president as an agent of law-breaking espionage. Or it could lead to ... nothing at all. In this episode, the author, CNN analyst, and former government official Juliette Kayyem joins the show to separate fact from speculation and to help us imagine several ways this saga could end. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Juliette Kayyem Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Several years ago, the writer, researcher, and policy advocate Heather McGhee traveled around the country to report on how racism in America holds us back from policies that would benefit everybody. In her book The Sum of Us, she explained how racist fears have made us all worse off. For decades, many voters and politicians have fought against policies that would have gotten them better jobs, better benefits, and more upward mobility—because they were afraid that those policies might also help non-white people, and especially Black people. She made another point that struck me. Progressives sometimes talk about racism in a way that is pretty helpful for their causes. “Progressives often end up talking about race relations through a prism of competition—every advantage for whites, mirrored by a disadvantage for people of color,” she wrote. “The task ahead, then, is to unwind this idea of a fixed quantity of prosperity and replace it with what I’ve come to call Solidarity Dividends: gains available to everyone when they unite across racial lines, in the form of higher wages, cleaner air, and better-funded schools.” Today’s guest is Heather McGhee. In this episode she talks about her new podcast The Sum of Us; the indelible metaphor of a drained pool in Alabama; how progressives talk about race; and why many laws today that might not seem explicitly racist still sustain racial inequality. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Heather McGhee Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Last year, somebody explained the problem of climate change to me with a metaphor that I’ve never been able to forget. They said: Imagine a bathtub. The bathtub is the planet’s atmosphere. The faucet is on full blast and it’s quickly filling with water. The gushing faucet represents every source of global carbon emissions, from "Big Agriculture" and energy companies to cars and cow farts. The water is carbon itself. The challenge of climate change mitigation is straightforward: Stop the water from filling the tub, spilling over the edge, and destroying the planet. There are a lot of environmentalists and federal policies that focus on one part of the picture. They want to turn the tap to reduce emissions. This is what wind, solar, and geothermal energy does. This is what electric cars do. It is an absolutely essential goal. But a very full tub can still overflow even with a slower-dripping faucet. So we need to think bigger to save the world. We need a plan that goes beyond the faucet. We need to drain water from the basin by pulling the plug at the bottom of the tub—that is, to suck a huge amount of carbon dioxide out of the atmosphere and flush them away. So, how do you pull the plug? In the last few years, I’ve become very interested in a technology called carbon removal—and especially direct air capture. Imagine, basically, a giant factory that pulls carbon from the atmosphere and buries it. This technology is still incredibly expensive. In August 2022, it is not remotely close to being a global solution to climate change. But there is a chance it may be the most important technology of the 2020s and 2030s, if you understand the problem of the tub, the water, the faucet, and the plug. Today’s guest is Giana Amador. She is the co-founder and policy director of Carbon180, an interdisciplinary organization devoted to carbon-removal technologies. In this episode, she explains how different carbon removal technology works; why there are a million carbon removal plants all over the planet already; the technology and cost problems of vacuuming the atmosphere; and why some people think this technology won’t ever work in the first place. Host: Derek Thompson Guest: Giana Amador Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

In our second "Curiosity Corner" mailbag, Derek takes your burning questions. He breaks down the myths around how monkeypox spreads, and blasts public health officials for not being more specific about who is most affected. He explains how, while millennials face an affordability crisis in developed countries, they might not want to trade their global generation for any previous period in history. And he answers a listener who asks whether we should fear population collapse more than we fear overpopulation. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Why does it seem like the old is eating the new in pop culture? This year, the song of the summer is arguably Kate Bush’s “Running Up That Hill”—which was released in 1985. It was launched by the most-watched global TV show of the summer, 'Stranger Things'—an homage to the 1980s. In movies, the biggest hit of the season is 'Top Gun: Maverick'—a sequel to the 1986 film. The '80s was four decades ago! The triumph of nostalgia and familiarity in culture is deeper than one summer. The five biggest movies of this year are the second 'Top Gun,' the second 'Doctor Strange', the sixth 'Jurassic Park', the 14th Batman-related film, and the fifth 'Despicable Me'. Amazing original films, like 'Everything Everywhere All At Once', show up here and there, but as far as slam dunk blockbusters go, the last decade has suffered from a new movie curse. There's a new music curse, too. Total music consumption is rising across album sales, track purchases, and streaming. But consumption of new music is down. The entire growth in music is happening in so-called catalog music, or older songs. What's happening here? Today’s guest is Ted Gioia. We talk about his viral essay “Is old music killing new music?”, the dearth of young stars in Hollywood, and the rise of risk-aversion in American culture and business. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Ted Gioia Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

“Every few years, American politics astonishes you.” That’s how The Atlantic journalist Robinson Meyer began his report on the Democrats' new climate deal, which would invest record-breaking sums in clean energy infrastructure. Yes, this is still just a bill. It could be revised. But in a summer of climate doom—record breaking heat, droughts, fires in Europe—we are looking at an extraordinary leap forward. So what’s in the deal? What would it actually do? And how could it realistically transform the world? Today’s guest is Robinson Meyer, and in this mini episode we break down the bill and explain why it is, to quote the president, a big f*&%ing deal. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Robinson Meyer Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

On Thursday, the Bureau of Economic Analysis announced that GDP dropped for the second consecutive quarter, fueling fears that the economy is in a recession. Today's guest is Austan Goolsbee, a professor of economics at the University of Chicago Booth School of Business and the former chair of the Council of Economic Advisers under President Obama. In today’s episode, we talk about the most important details from the GDP report, investigate the curious case of America’s plummeting productivity, and talk about why the question "Are we in a recession?" is so annoyingly hard to answer.If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Austan Goolsbee Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today is the second half of our special two-parter on the state of crypto. Yesterday’s theme was the case against. Today we debate the case for. In the last few weeks, use-cases have become a popular trope in the big crypto debate. Crypto has tens of thousands of people working with dozens of billions of dollars on building new technology. And I think it’s fair to ask: What have they built that is better than the status quo? What, as Monty Python might ask, has blockchain ever done for us? Today’s guest is Packy McCormick. Packy is the popular author of the Not Boring newsletter. In this episode, we debate use-cases for crypto, talk about whether major products are just Ponzi schemes, and discuss whether all the money sloshing around Web3 has subtly distorted the market and hurt the space. Host: Derek Thompson Guest: Packy McCormick Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices