logo
episode-header-image
Mar 2022
9m 43s

The curious case of odious debt

NPR
About this episode
A dispute going back to 2013 involving Russia and Ukraine and $3 billion in bonds has revived a discussion about a legal concept called odious debt. What is it and how does the current conflict complicate the case? 
Up next
Yesterday
Scam compounds, sewing patterns and stolen dimes
As Vice Week wraps up here at The Indicator, we wanted to take a slightly different perspective on the evolving business of crime and take a look at TRUE crime. As in the genre. Because look, people are obsessed with it! Today on the show, our hosts favorite pieces of true crime ... Show More
10m 37s
Oct 9
How AI might mess with financial markets
Market manipulation is an age-old issue. People trying to make money off unsuspecting investors by artificially influencing the price of a stock, say. But what happens when the one manipulating markets isn't human? This week on The Indicator from Planet Money, we bring you five e ... Show More
10m 13s
Oct 8
When cartels start to diversify
The Sinaloa Cartel made the bulk of its money on cocaine. But cartels are diversifying into new operations including things like wildlife trafficking. Think sharks, jaguars, capybaras. The result is something called “narco-degradation.” On today’s show, we look at what’s driving ... Show More
9 m
Recommended Episodes
Jan 2022
Debt Paradox (Episode 134)
SUMMARY: Discover how personal and public debt has reached an inflection point. Richard Vague joins Andy to discuss realistic ways to reduce student loans, home mortgages, and small business debt.   SHOW NOTES: 2:42: How Is Personal Debt The Real Crisis? 4:48: What Is The Paradox ... Show More
29m 35s
May 2019
What the Russian Revolution Can Teach Us About Bond Bubbles
When talking government bond defaults, plenty of people think of Argentina and Greece. But the biggest sovereign debt default of all time was arguably Russia’s repudiation of debt in 1918, after the Bolshevik revolution. In this episode, we speak to Hassan Malik, an emerging mark ... Show More
30m 24s
Feb 2023
Jay & Shai's debt ceiling adventure
Every year, the U.S. government spends more money than it takes in. In order to fund all that spending, the country takes on debt. Congress has the power to limit how much debt the U.S. takes on. Right now, the debt limit is $31.4 trillion dollars. Once we reach that limit, Congr ... Show More
26m 6s
Dec 2019
Get Rid of Debt for Good (with Michael Bovee)
I've got a question for you. What would it feel like to be debt-free, to start over from a blank page, to not have that stress and worry hanging over you? I would imagine pretty good – but becoming debt-free takes time, some tips and tricks and as Michael Bovee says, it’s all abo ... Show More
46m 27s
Apr 2022
Sri Lanka's debt crisis
Why is Sri Lanka facing its biggest economic crisis for decades? It's left the population enduring months of power cuts, while essentials are in short supply. How has the country's debt spiralled out of control and what will a debt default mean for ordinary people? We hear from p ... Show More
17m 28s
Mar 2022
Que signifie “le défaut de paiement” pour un pays ?
Quand un pays connaît, pour diverses raisons, une situation économique difficile, il peut se retrouver en "défaut de paiement". C'est ce qui pourrait arriver à la Russie à plus ou moins court terme. Qu'est-ce qu'un pays en défaut de paiement ? Un pays est déclaré en défaut de pai ... Show More
1m 51s
Apr 2023
Foreign Debt
We’ve hit the 80s and Reagan’s low tax and defence spending have contributed to the America’s worst foreign debt in history. It turns out the US has consistently been in debt, so why does this time matter? Well, because they’re borrowing heavily from the Japanese, and have turned ... Show More
43m 38s
Aug 2023
Lessons From Argentina
On today’s show we are taking a look at what can happen when politicians print too much money. The US, Japan, Canada, the UK, and Europe, China and many others are all at risk of becoming financially unstable.  Argentina has a history of being fiscally irresponsible. The country ... Show More
7m 14s
May 2023
US debt ceiling deal reaches House of Representatives
The US House of Representatives debates a bipartisan deal to raise the government's debt ceiling and avoid a damaging default. Also: Russia says heavy shelling from Ukraine is behind its decision to evacuate hundreds of children from Belgorod, and how difficult is it to make tast ... Show More
30m 36s