Our latest Freakonomics Radio on Marketplace podcast is called “Star-Spangled Banter?”
In honor of the forthcoming Independence Day, we take a look at one British tradition that the U.S. might do well to consider adopting: Prime Minister’s Questions (PMQ’s), the weekly Parliamentary session in which the PM goes before the House of Commons to field queries from the Opposition as well as his own party.
I had the good fortune to attend PMQ’s on a couple of recent visits to London. One of the sessions was particularly woolly — in part because Prime Minister David Cameron called Shadow Chancellor Ed Balls a “muttering idiot” (a comment that Cameron was duly asked to withdraw as it was unParliamentary) and also because Cameron had just returned from a G8/NATO summit in Chicago, which provided an extra hour or so of substantial back-and-forthing between the PM, Opposition Leader Ed Miliband, and dozens of MP’s. (Additionally, Greece was cratering, perhaps along with the Euro, and the U.K. had just entered its second recession — so there was plenty to whinge about on all sides of the aisle.)
It is quite a piece of theater to watch (and yes, it is largely theater), but it also struck me that PMQ’s provide the British government and especially the British electorate an opportunity to have what the American government and electorate do not currently have: a real and real-time dialogue (on national television, and on C-SPAN in the U.S.) between members of opposing parties as well as the country’s political leader. Read More »
Our latest Freakonomics Radio on Marketplace podcast is called “A Cheap Employee Is … a Cheap Employee.”
It’s about the question of whether low-paid employees are indeed a good deal for a retailer’s bottom line as the conventional wisdom states.
The piece begins with a couple of stories from blog readers, Eric M. Jones and Jamie Crouthamel, which were solicited earlier here. (One of the true pleasures of operating this blog is having a channel by which to turn readers into radio guests — thanks!) Read More »
Our latest Freakonomics Radio on Marketplace podcast is called “Playing the Nerd Card.”
It’s about the rise in basketball players (and other athletes) showing up at press conferences wearing the kind of eyeglasses usually associated with Steve Urkel and Buddy Holly. Among the practitioners: LeBron James, Dwyane Wade, Kevin Durant and Russell Westbrook, Carmelo Anthony, and Robert Griffin III.
What’s going on here? Has the rate of myopia exploded, even among premier athletes?
We talk to Susan Vitale, a research epidemiologist with the NIH’s National Eye Institute, who worked on a large study on myopia in the U.S. There has indeed been a huge spike in recent decades, and it’s especially pronounced among blacks. Read More »
Are you bummed out that you might have to postpone retirement for financial reasons?
Well, there may be a silver lining: it looks like retirement may be bad for your health. That’s the topic of our latest Freakonomics Radio on Marketplace podcast, “Retirement Kills.” (You can download/subscribe at iTunes, get the RSS feed, listen via the media player above, or read the transcript below.)
The Great Recession has put a lot of retirement plans on hold, often at the behest of governments who can’t afford to pay pensions. Germany, the U.K., and France have all upped their retirement ages. And the U.S. is seeing a lot more older workers as well. Lisa Boily of the Bureau of Labor Statistics tells us that people 55 and older are expected to represent 25 percent of the labor force by 2020.
Part of this is simple demographics — the graying of the baby boom — but Americans are also working longer. Read More »
Our latest Freakonomics Radio on Marketplace podcast is called “A Rose By Any Other Distance.” (You can download/subscribe at iTunes, get the RSS feed, listen via the media player above, or read the transcript below.)
With Mother’s Day coming up, we thought it’d be interesting to look at the cut-flower industry. Americans spend about $12 billion a year on them. Mario Valle, a wholesaler at the L.A. Flower District, tells us that Mother’s Day is easily his biggest day of the year: “It’s 30 percent of my year. Everyone has a mother!” Read More »
Our latest Freakonomics Radio on Marketplace podcast is called “The Hidden Cost of False Alarms.” (You can download/subscribe at iTunes, get the RSS feed, listen via the media player above, or read the transcript below.)
The central facts: between 94 and 99 percent of burglar-alarm calls turn out to be false alarms, and false alarms make up between 10 and 20 percent of all calls to police.
There are at least three things to consider upon learning these facts:
1. If a particular medical screening had such a high false-positive rate, it would likely be considered worse than worthless; but:
2. With more than 2 million annual burglaries in the U.S., perhaps it’s worth putting up with so many false positives in service of the greater deterrent; as long as:
3. The cost of all those false positives are borne by the right people.
Can you already figure out whether No. 3 is in fact the case? Read More »
Our latest Freakonomics Radio on Marketplace podcast is called “The Patent Gap.” (You can download/subscribe at iTunes, get the RSS feed, listen via the media player above, or read the transcript below.)
It centers around a new working paper called ”Why Don’t Women Patent?” and we talk to one of its authors, the Rutgers economist Jennifer Hunt. (We recently previewed this research on the blog, and some of Hunt’s earlier research too.) Read More »