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Planet Money
Planet Money
NPR
The battle over Osage headrights
Richard J. Lonsinger is a member of the Ponca tribe of Oklahoma, who was adopted at a young age into a white family of three. He eventually reconnected with his birth family, but when his birth mother passed away in 2010, he wasn't included in the distribution of her estate. Feeling both hurt and excluded, he asked a judge to re-open her estate, to give him a part of one particular asset: an Osage headright. An Osage headright is a share of profits from resources like oil, gas, and coal that have been extracted from the Osage Nation's land. These payments can be sizeable - thousands or even tens of thousands of dollars a year. Historically, they were even larger – in the 1920s the Osage were some of the wealthiest people in the world. But that wealth also made them a target and subject to paternalistic and predatory laws. Over the previous century, hundreds of millions of dollars in oil money have been taken from the Osage people. On today's show: the story of how Richard Lonsinger gradually came to learn this history, and how he made his peace with his part of a complicated inheritance. This episode was produced by Willa Rubin with help from Alyssa Jeong Perry and Emma Peaslee. It was engineered by Brian Jarboe and fact-checked by Sierra Juarez. It was edited by Keith Romer, with help from Shannon Shaw Duty from Osage News. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
24 min
The Ezra Klein Show
The Ezra Klein Show
New York Times Opinion
A Radical Way of Thinking About Money
It’s been two weeks since the Silicon Valley Bank run, and we’re still feeling the ripple effects — not just at banks like Signature, First Republic and Credit Suisse, which are definitely taking a beating. Across the industry, too, banks are on edge, and regulators are rushing to keep the system together. Every financial crisis is different. And every financial crisis is the same. Assets that a lot of people thought were safe — mortgage-backed securities in the 2008 crisis and long-term Treasury bonds in this latest bank run — end up not being so secure. When assets start failing, people panic. Usually, regulators pick up the pieces with some kind of bailout, and there are calls for more oversight. The theory goes that regulations should focus on keeping a couple of wayward institutions in line, and we’ve gone through this playbook over and over again. We’re going through it now, and it’s time we take a different approach to banking regulation. Morgan Ricks is a law professor at Vanderbilt University who thinks those measures often miss the mark in addressing the problems baked into our banking system. He’s worked both on Wall Street and in the Treasury Department. He wrote the book “The Money Problem,” which reflects on the 2008 financial crisis. But the theory he presents in the book ends up being explanatory today. We discuss what lessons banking regulators missed from the Great Recession; the need to panic-proof the entire financial system, as opposed to developing regulations around a systemic risk that he finds hard to define; why it’s important now to revisit the basics of banking, its relationship to creating money and the tendencies that get banks in trouble; the government’s role in insuring or backstopping deposits; what it would mean for the government to start treating money as a public good for us all; and more. Mentioned: “Scrap the Bank Deposit Insurance Limit” by Lev Menand and Morgan Ricks “FedAccounts: Digital Dollars” by Morgan Ricks, J. Crawford and L. Menand Book Recommendations: Flash Boys by Michael Lewis The Idea Factory by Jon Gertner The Fed Unbound by Lev Menand Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com. You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs. This episode of “The Ezra Klein Show” was produced by Rollin Hu, Kristin Lin, Emefa Agawu, Annie Galvin and Jeff Geld. Fact-checking by Michelle Harris and Kate Sinclair. Mixing by Jeff Geld. Original music by Isaac Jones. Audience strategy by Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Carole Sabouraud and Kristina Samulewski.
1 hr 3 min
Radiolab
Radiolab
WNYC Studios
Alone Enough
Cat Jaffee didn’t necessarily think of herself as someone who loved being alone. But then, the pandemic hit. And she got diagnosed with cancer. Actually, those two things happened on the exact same day, at the exact same hour. In the shadow of that nightmarish timing, Cat found her way to a sport that celebrated the solitude that was forced on her, and taught her how to not only embrace self-reliance, but to love it. This sport is called competitive bikepacking. And in these competitions, riders have to bring everything they need to complete epic bike rides totally by themselves. They pack all the supplies they think they’ll need to survive, and have to refuse some of the simplest, subtlest, most intangible boosts that exist in our world. But a leader has emerged in this sport. Her name is Lael Wilcox, and she’s a total rockstar in the world of competitive bikepacking. She’s broken all kinds of records. And also, some rules. Most recently, on this one ride she did across the entire state of Arizona. We set out to find out what it means — for Cat, for Lael, and for any of us — to endure incredibly hard things, totally alone. The answer is on the course, in our bodies, and hidden in that mysterious place between us and the people we care about. Special thanks to Anna Haslock, Nico Sandi, Michael Fryar, Moab Public Radio, Nichole Baker and Payson McElveen for sharing their studio with us, and The Ratavist, for letting us use the audio of Lael’s ride across Arizona. You can watch the original video here (https://www.youtube.com/watch?v=4HOk0MmgFwE). EPISODE CREDITS This episode was reported by - Cat Jaffee and Rachael Cusick Produced by - Rachael Cusick with help from - Pat Walters Original music and sound design by - Jeremy Bloom with mixing help from - Arianne Wack Fact-checking by - Emily Krieger Edited by - Pat Walters CITATIONS: Videos: You can watch Lael’s you can watch Lael’s ride across Arizona here (https://www.youtube.com/watch?v=4HOk0MmgFwE). And see the next season of racing by following along on TrackLeaders.com (http://trackleaders.com/) Our newsletter comes out every Wednesday. It includes short essays, recommendations, and details about other ways to interact with the show. Sign up (https://radiolab.org/newsletter)! Radiolab is supported by listeners like you. Support Radiolab by becoming a member of The Lab (https://members.radiolab.org/) today. Radiolab is on YouTube! Catch up with new episodes and hear classics from our archive. Plus, find other cool things we did in the past — like miniseries, music videos, short films and animations, behind-the-scenes features, Radiolab live shows, and more. Take a look, explore and subscribe! Follow our show on Instagram, Twitter and Facebook @radiolab, and share your thoughts with us by emailing radiolab@wnyc.org. Leadership support for Radiolab’s science programming is provided by the Gordon and Betty Moore Foundation, Science Sandbox, a Simons Foundation Initiative, and the John Templeton Foundation. Foundational support for Radiolab was provided by the Alfred P. Sloan Foundation.
43 min
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