The U.S. economy is often buoyed by consumer spending. In China, however, consumer spending is a much smaller part of economic output. And while the government there tries to stimulate spending, young people there are grappling with high unemployment and stalling wage growth. Plus, we'll discuss expectations for inflation and economic growth, as well as consumer shopping figures for this upcoming Black Friday.
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What if you got to choose where your tax dollars went?
Americans don’t often have a direct say in how their tax dollars get spent; those decisions are generally left to elected officials. But some places have engaged in “participatory budgeting,” where residents propose projects, then vote on which ones get public funding. Today, we head to Nashville to learn how the process played out. But first: economics at the center of G20 discussions and what Thanksgiving travel plans are looking like.
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G20 conference wraps up in South Africa
From the BBC World Service: A gathering in South Africa of major economies has ended with a joint declaration committing to "multilateral cooperation." We'll hear more. Plus, India and Canada have agreed to resume discussions on a bilateral trade deal, a three-day national strike is getting underway in Belgium, and the Chinese government is urging young people to spend more to boost the economy — but that’s proving difficult at a time of record youth unemployment.
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AI-generated "letters to the editor" are flooding academic publications
Dr. Carlos Chaccour, physician scientist at the University of Navarra, noticed something fishy about a letter to the editor the New England Journal of Medicine received shortly after it published a paper of his on malaria treatment in July.The letter was riddled with strange errors such as critiques supposedly based on other research Chaccour himself had written. So he and his co-author Matthew Rudd decided to dig deeper.They analyzed patterns of letters to the editor over the last decade and found a remarkable increase in what they call "prolific debutantes" — new authors who suddenly had dozens, even hundreds of letters published, starting right around the time OpenAI’s ChatGPT came out.Why would academics want to do this? Marketplace’s Meghan McCarty Carino spoke with Chaccour to find out.
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Feeding the Family (bonus episode)
For many people gathering around the table this holiday season, things feel a little different. Maybe it’s the cost of ingredients that’s on your mind, or cuts to USDA funding that have left your food bank running low. Or maybe it’s the simple reality of a packed schedule — there’s a lot to cook, and so little time. In this special from Marketplace, we bring listeners a collection of stories on the business and economics of food. Our reporters take us across the country to farms, home kitchens, and restaurants. We visit a refugee farmer in Houston, a chocolate-making lab in California, and stop for a bite at an award-winning restaurant in Portland.
Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media.
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