Back in the ’30s, news of bank runs traveled slowly. Nowadays, messaging chains and apps contribute to rapid bank collapses. Plus, the Federal Reserve finds itself between a rock and a hard place.
Kai Ryssdal speaks with Jordyn Holman at The New York Times and Heather Long at The Washington Post about the complexity of the Federal Reserve’s next steps and whether the current economic tumult is a crisis, or just a situation.
In China, each woman went from having about three children in the late 1970s to now one. Decades later, the Chinese government wants women to have three children again but is meeting resistance.