Sep 8, 2022

The economy Queen Elizabeth leaves behind

The advertising screens in Piccadilly Circus display an image of Queen Elizabeth II on September 08, 2022 in London, England. Tristan Fewings/Getty Images

Even prior to the monarch's death, high inflation and the transfer of power to a new prime minister had sparked anxiety in the United Kingdom. Plus, a look at the groups the Federal Reserve's rate hikes hurt the most.

Segments From this episode

How a stronger dollar weakens economies abroad

by Nancy Marshall-Genzer

Sep 8, 2022

Countries that import commodities priced in U.S. dollars, like oil, are paying a lot more. So are nations that have dollar-denominated loans.

If the value of the dollar climbs against a currency like the Mexican peso, Mexico's debt payments increase.

agcuesta/Getty Images

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Queen Elizabeth II dies amid uncertain times in the UK

by Kai Ryssdal and Andie Corban

Sep 8, 2022

"She died — although at the age of 96 — too soon," said Marketplace's Stephen Beard.

Queen Elizabeth at Saint Paul's Cathedral in London in 2012.

WPA Pool/Getty Images

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Europe might just be getting a handle on its Russian natural gas problem

by Mitchell Hartman

Sep 8, 2022

European nations have managed to store gas, and the price has come down from historic highs.

European countries are using a range of strategies to decrease their reliance on Russian natural gas. In the Netherlands, above, a regasification unit converts liquefied natural gas so it can be fed into the country's natural gas network.

Siese Veenstra/ANP/AFP via Getty Images

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Fed’s hawkish stance on inflation brings pain to marginalized communities, economist says

by Kai Ryssdal and Richard Cunningham

Sep 8, 2022

Michelle Holder expects Black and Latinx workers to lose jobs in higher proportion as interest rates rise and the economy cools.

Federal Reserve policies that increase interest rates and chill economic growth are aimed at bringing down inflation, but they can also put stress on households and businesses. Above, the headquarters of the Federal Reserve Bank of New York.

Timothy A. Clary/AFP via Getty Images

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European Central Bank makes unprecedented rate hike to fight inflation

by Lily Jamali

Sep 8, 2022

It's raised its benchmark deposit rate by 0.75% — to 0.75% — and may raise further. But Europe is also facing recession worries.

Daniel Roland/AFP via Getty Images

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New York City's hangry rat problem has big stakes

by Sabri Ben-Achour

Sep 8, 2022

Rats have burrowed their way into the heart of an economic and political fight worth many tens of millions of dollars.

A dead rat lies on the ground, hunted down by dogs of Ryders Alley Trencher-fed Society in lower Manhattan last year. Rat sightings have increased in New York City since the start of the pandemic.

Angela Weiss/AFP via Getty Images

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Music from the episode

Pharoah Elior

reflection eternal Nujabes

It Starts With Bongos Kid Spatula

Palm Trees Loop Schrauber

La Lune L'Imperatrice

Sin Rumbo Panoptica Orchestra

Lower the Heavens The Donkeys

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sean McHenry Director & Associate Producer II

Richard Cunningham Associate Producer I

Dylan Miettinen Associate Digital Producer

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