Minting one penny costs the United States nearly four cents. After 233 years, the Treasury Department has decided to phase out the coin. This will mean that businesses will have to round cash transactions up or down, and some fear it could lead to inflation. We reminisce about the cultural significance of the one-cent coin with WSJ’s Oyin Adedoyin and discus ... Show More
Jul 8
Why Trump Pushed His Tariff Deadline
When President Trump paused most of his “Liberation Day” tariffs for 90 days last spring, the administration had hoped to cut dozens of trade deals. As trade advisor Peter Navarro put it, there could be "90 deals in 90 days." But as Trump’s deal deadline approached, it became cle ... Show More
19m 3s
Jul 2024
306. Pennies, Cents, and Small Change: A Waste of Money? (English Vocabulary Lesson)
What is the smallest and least valuable coin used in your country? Could you imagine your currency without that coin? Should we remove these small value coins from our money?
Let’s discuss this topic, while learning lots of economic vocabulary, in today’s episode of Thinking in E ... Show More
27m 48s
Aug 2024
Why Tipping Is Everywhere
Tipping, once contained to certain corners of the economy, has exploded, creating confusion and angst. Now, it is even becoming an issue in the U.S. presidential campaign.Ben Casselman, who covers the U.S. economy for The New York Times, cracks open the mystery of this new era of ... Show More
25m 11s