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The economy Queen Elizabeth leaves behind
Sep 8, 2022

The economy Queen Elizabeth leaves behind

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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

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

Queen Elizabeth II dies amid uncertain times in the UK

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

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

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

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

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

European Central Bank makes unprecedented rate hike to fight inflation

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.
Until this summer, the ECB had been in the thick of an eight-year experiment with negative interest rates.
Daniel Roland/AFP via Getty Images

New York City's hangry rat problem has big stakes

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

Music from the episode

Pharoah Elior
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
Daisy Palacios Senior Producer
Sean McHenry Associate Producer
Andie Corban Associate Producer
Richard Cunningham Associate Producer