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Apr 16, 2020

States under strain with unemployment soaring

Context on the millions more who signed up for state unemployment benefits in the last week. Big banks pledge that stimulus checks will not go toward covering overdraft fees and such. Is the current economic narrative a self-fulfilling prophecy?

Segments From this episode

States hit hardest by rising unemployment claims could soon run low on funds

Apr 16, 2020
Some states like California, New York and Texas could see their unemployment funds running low.
States struggling the most to keep up with unemployment claims, like Texas, may need to tap new funds soon.
Mark Felix/AFP via Getty Images

Big banks pledge overdraft relief so customers reap full benefits of COVID-19 checks

Apr 16, 2020
Big banks say they’ll give customers a temporary break on negative balances.
Stimulus checks are fair game for private debt collectors. But big banks are offering relief for negative balances.
Joe Raedle/Newsmakers

The economy is a disaster. Should we stop talking about it?

Apr 16, 2020
Nobel economist Robert Shiller discusses the power of narratives during a pandemic.
Nobel economist Robert Shiller says the idea that we're in another Great Depression can become a self-fulfilling prophecy.
Spencer Platt/Getty Images

Music from the episode

The team

Nicole Childers Executive Producer
Victoria Craig Producer, BBC
Stephen Ryan Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Candace Manriquez Wrenn Producer/Editor
Jay Siebold Engineer
Brian Allison Engineer
Alex Schroeder Digital producer
Meredith Garretson Producer
Rose Conlon Producer
Erika Soderstrom Producer/Director