More Americans Need Multiple Jobs to Get By
Digest
The podcast covers a range of current events, starting with the increasing number of Americans taking on second jobs due to inflation and a growing job market. It then discusses layoffs at Goldman Sachs, which are expected to impact over 1300 employees across various divisions. The podcast also examines the latest inflation data, with the Fed's preferred inflation gauge meeting economists' expectations. Moving on to education, the podcast explores the growing trend of cell phone bans in classrooms, encouraging listeners to share their thoughts and questions about this policy. The discussion then shifts to the rise of drug-related violence in Western Europe, highlighting the growing influence of organized crime groups in the region. The podcast also delves into the issue of anti-Semitism at Columbia University, where a faculty task force has recommended measures to protect Jewish students from threats, attacks, and harassment. Finally, the podcast examines the scrutiny surrounding credit-builder cards, which allow consumers to boost their credit score without borrowing or paying back money.
Outlines
Economic Trends: Second Jobs and Layoffs
This chapter explores the growing trend of Americans taking on second jobs due to inflation and a strong job market. It also discusses the recent layoffs at Goldman Sachs, which are expected to impact over 1300 employees.
Inflation and Interest Rates
This chapter examines the latest inflation data, with the Fed's preferred inflation gauge meeting economists' expectations. It also discusses the anticipated rate cuts by the Federal Reserve.
Education and Technology: Cell Phone Bans in Classrooms
This chapter explores the growing trend of cell phone bans in classrooms, encouraging listeners to share their thoughts and questions about this policy.
Global Crime and Security: Drug-Related Violence in Europe
This chapter discusses the rise of drug-related violence in Western Europe, highlighting the growing influence of organized crime groups in the region.
Keywords
Inflation
The rate at which prices for goods and services increase over time.
Second Jobs
Holding more than one job simultaneously, often due to economic pressures or a desire for additional income.
Layoffs
The termination of employment by an employer, often due to economic downturns or restructuring.
Goldman Sachs
A multinational investment bank and financial services company.
Cell Phone Bans
Policies implemented in schools and other settings to restrict or prohibit the use of cell phones.
Organized Crime
Criminal activity conducted by groups with a hierarchical structure and a focus on profit. It often involves violence, intimidation, and corruption.
Drug Trade
The illegal trafficking of drugs, often involving organized crime groups and violence.
Anti-Semitism
Prejudice, discrimination, or hostility directed at Jews. It can manifest in various forms, including verbal abuse, physical violence, and social exclusion.
Columbia University
A prestigious Ivy League university located in New York City.
Credit-Builder Cards
Financial products that help consumers build their credit score by reporting their on-time payments to credit bureaus. They do not involve borrowing or paying back money.
Q&A
What are the main reasons why more Americans are taking on second jobs?
The main reasons are inflation, which is driving up the cost of living, and a growing job market, which makes it easier to find a second job.
How has the cocaine trade contributed to violence in Western Europe?
The cocaine trade has brought with it growing levels of violence as organized crime groups from around the world compete for control of the European market.
What are some of the recommendations made by the Columbia University task force to address anti-Semitism on campus?
The task force recommends bias training for faculty, residential assistance, and staff about anti-Semitism, as well as a new definition of anti-Semitism that would include celebrating violence against Jews or Israelis.
How do credit-builder cards work and why are they under scrutiny?
Credit-builder cards operate like debit cards, but they report on-time payments to credit bureaus, which can help consumers build their credit score. Regulators are scrutinizing these cards because they affect credit scores without involving a loan.
Show Notes
P.M. Edition for Aug. 30. Workers with two jobs say there aren’t enough hours in the day to stay afloat. Joe Barrett explains. And Sune Rasmussen discusses how drug-related violence is a growing threat in Western Europe. Plus, Goldman Sachs is set to lay off more than 1,300 employees. Tracie Hunte hosts.
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