Remember credit-default swaps?
![Remember credit-default swaps?](https://www.podcastworld.io/podcast-images/make-me-smart-w0mtfahz.webp)
As the United States edges closer to the deadline for a debt default, Wall Street speculators are hoping to capitalize on a crisis by trading credit-default swaps (shivers). We’ll talk about what they are and their role in the 2007-2009 Financial Crisis. Then, California passed a landmark zero-emission rule, but electrifying the state will come with some challenges. Plus, a round of Half-Full/Half-Empty that we hope gets us invited to Bluesky.
Here’s everything we talked about today:
-
- “California air regulators approve landmark zero-emission rules for trucks and locomotives” from the Los Angeles Times
-
- “Grandchildren of ‘Sound of Music’ Von Trapp Family Form Indie Band” from Rolling Stone
-
- “The Long Demise of the Stretch Limousine” from The New York Times
-
- “The Real Problem With Fake Drake” from Billboard
If you’ve got a question about business, tech or the economy, give us a shout. We’re at 508-U-B-SMART, or email us at makemesmart@marketplace.org.