Podcast
The Pay Check
Hosted by Bloomberg · EN
The pandemic created a global economic crisis that economists and experts expected would lead to greater wealth inequality than ever before. Host Rebecca Greenfield along with a team of Bloomberg News reporters heads to seven countries around the world to find out what this world changing event has wrought. What they found was surprising.
11episodes
Episodes
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Evolving Money: The Regulation Revolution (Sponsored Content)
Feb 23, 202500:20:08Tap to summarizeJust as it took the British government a century to catch up to Jonathan Swift’s innovative person-to-person loan program, the U.S. government has been slow to react to crypto, creating bureaucratic and legal hurdles to growth in the industry. But with a new administration and a new Congress, the industry now feels there’s reason to be optimistic that regulatory clarity, and a new chapter in the story of crypto in America, is beginning. This episode is sponsored by Coinbase.See omnystudio.com/listener for privacy information.
Transcribe →Listen Now: Beak Capitalism from Odd Lots
Nov 24, 202400:01:00Tap to summarizeIn this limited series, Odd Lots explains some of the thorniest issues facing the US economy through the medium of … chicken. Chicken occupies a unique position in the US diet, but issues facing the poultry industry illustrate wider points about the development of the US economy and the decisions being made about how it's structured and who benefits from it. So why has the chicken industry evolved in the way that it has? What’s been driving the price increases in eggs and meat? And what does it all say about things like inflation, the labor market and the nature of American capitalism? Check out Beak Capitalism on Odd Lots wherever you get your podcasts. See omnystudio.com/listener for privacy information.
Transcribe →Spain: A Time-Tested Model for Economic Security
Jun 30, 202200:30:05Tap to summarizeFor the last seven weeks, we’ve gone around the world to see how the pandemic led to more or less economic equality. There were some pleasant surprises and some devastating stories. In the season finale, we ask: what about the next crisis? How do we ensure more stability and security when something earth shattering inevitably comes along? That led reporter Jeannette Neumann to a small town in Spain’s Basque region, which boasts a strong track record of security and stability, thanks to a crisis-tested economic model.See omnystudio.com/listener for privacy information.
Transcribe →Singapore: Who Gets to Be Crazy Rich?
Jun 22, 202200:23:41Tap to summarizeSingapore's carefully controlled housing market has been a key factor in its economic success over the last 60 years. But when the pandemic ushered in the city's worst-ever recession, property prices continued to rise, leading a younger generation to worry if it can match the social mobility enjoyed by their parents. In this episode of The Pay Check, we examine the grand housing experiment that helped Singapore to reach one of the highest rates of homeownership in the world, and recent developments that have left ordinary Singaporeans asking whether the system is still working for them. Reporter Faris Mokhtar meets the man who helped create the city's housing boom, as well as the young professionals grappling with the market today.See omnystudio.com/listener for privacy information.
Transcribe →Mexico: Choosing the Economy Over Life
Jun 16, 202200:22:13Tap to summarizeMexico’s handling of the pandemic has been largely driven by its president, Andrés Manuel López Obrador, and his desire to keep the economy open. That’s meant few restrictions and a “return to normal” even before vaccines. The approach hasn’t come without costs, particularly to the country’s health care system. During the first year of the pandemic, maternal mortality rates spiked 60%. In this episode of The Pay Check, Equality reporter Kelsey Butler travels to a rural part of Mexico’s Yucatan Peninsula to get to the bottom of how that happened — and find out how to fix it. See omnystudio.com/listener for privacy information.
Transcribe →Hawaii: When a Billionaire Buys Your Hometown
Jun 9, 202200:25:53Tap to summarizeOne of the defining trends of the pandemic has been the creation of extreme wealth at the very top. This week on The Pay Check we take a look at the booming fortunes of the world’s growing billionaire class through one man: Larry Ellison. (Net worth, give or take $90 billion.) Ellison co-founded the tech company Oracle but he may be better known for how he spends his money: yachts, mansions, a tennis tournament. In 2012, he bought an entire Hawaiian island, Lanai — home to 3,000 people. For a decade its residents have anxiously watched Ellison slowly kill their small businesses and push up rents from afar. Then, during the pandemic, Ellison moved there. Bloomberg Wealth reporter Sophie Alexander traveled down to the island to see how the billionaire’s presence has accelerated his plans, and how locals whose families have lived there for generations are managing.See omnystudio.com/listener for privacy information.
Transcribe →India: Why Did Working Women Disappear?
Jun 2, 202200:20:20Tap to summarizeEven before the pandemic, the proportion of women in India's workforce was falling. Covid made it so much worse. This episode of The Pay Check looks at where India's working women went during the pandemic, why they haven't come back to the workforce, and why that's a blow to the country's broader economic ambitions. Archana Chaudhary and Ronojoy Mazumdar travel to a girls school on the Ganges with one primary mission: Keeping girls in school, often at odds with families that would prefer to get them married.See omnystudio.com/listener for privacy information.
Transcribe →Kenya: The Lost Girls
May 26, 202200:21:40Tap to summarizeAn increase in teen pregnancies in Kenya is part of a shadow pandemic that ripped through developing nations during Covid, setting women’s progress back generations. In this episode of The Pay Check, journalist Jill Filipovic visits a dance school in Nairobi, Kenya that’s fighting to help girls manage their lives and re-enroll in school.See omnystudio.com/listener for privacy information.
Transcribe →U.S.: Where Cash Made All the Difference
May 19, 202200:28:09Tap to summarizeWhen the Covid-19 pandemic started, many people expected inequality to get worse in the U.S. But at least for the bottom 50% of Americans, something surprising happened: Many of the least advantaged boosted their wealth. To start to understand why, we look to cash payments. No-strings-attached money went to people in need in the form of federal stimulus, the child tax credit — and local guaranteed income programs. As pandemic rescue aid wanes, is there a path to making monthly cash payments permanent? Reporter Susan Berfield looks to Jackson, Mississippi, to find out.See omnystudio.com/listener for privacy information.
Transcribe →Brazil: The Cautionary Tale
May 12, 202200:35:59Tap to summarizeThis season on the Pay Check, we're going to seven different countries to see how a global pandemic shifted the balance between the richest and the poorest people -- and affected everyone in between. In this first episode, Host Rebecca Greenfield and reporter Ben Steverman discuss how the effects of the pandemic on our health, wealth, safety and livelihood varied widely based on where in the world we were. Then Brazil-based reporter Shannon Sims takes us to the country's capital, Brasilia -- One of the places with the sharpest inequality in the world. Through a day in the life of a single mother who added rideshare driver to her list of side jobs during the pandemic, she explores the ways the pandemic snapped the already fragile safety nets women in this vulnerable group had strung together to stay afloat.See omnystudio.com/listener for privacy information.
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