More than 100,000 families - many of them amongst the poorest in Britain - put money aside for Christmas gifts and other seasonal treats in a savings club called Farepak. It wasn't a bank, and it wasn't great value for money... and it went bust. Kids went without toys, and festive dinner tables were left bare. 

Why would someone put their hard-earned money into such a scheme? And what does it tell us about how we often view Christmas as a time for frenzied spending? 

For a full list of sources used in this episode visit Tim Harford.com

CAUTIONARY TALES RETURNS 6 JAN, 2023. HAPPY HOLIDAYS AND SEE YOU IN THE NEW YEAR. 

More than 100,000 families - many of them amongst the poorest in Britain - put money aside for Christmas gifts and other seasonal treats in a savings club called Farepak. It wasn't a bank, and it wasn't great value for money... and it went bust. Kids went without toys, and festive dinner tables were left bare. 
Why would someone put their hard-earned money into such a scheme? And what does it tell us about how we often view Christmas as a time for frenzied spending? 
For a full list of sources used in this episode visit <a href="https://timharford.com/">Tim Harford.com</a> 
CAUTIONARY TALES RETURNS 6 JAN, 2023. HAPPY HOLIDAYS AND SEE YOU IN THE NEW YEAR.

We tell our children unsettling fairy tales to teach them valuable lessons, but these Cautionary Tales are for the education of the grown ups – and they are all true. Tim Harford (Financial Times, BBC, author of “The Data Detective”) brings you stories of awful human error, tragic catastrophes, and hilarious fiascos. They'll delight you, scare you, but also make you wiser. New episodes every Friday.

We tell our children unsettling fairy tales to teach them valuable lessons, but these Cautionary Tales are for the education of the grown ups &ndash; and they are all true. Tim Harford (Financial Times, BBC, author of &ldquo;The Data Detective&rdquo;) brings you stories of awful human error, tragic catastrophes, and hilarious fiascos. They'll delight you, scare you, but also make you wiser. New episodes every Friday.

Cautionary Tales with Tim Harford

We tell our children unsettling fairy tales to teach them valuable life lessons, but these Cautionary Tales are for the education of the grown ups – and they are all true. Tim Harford (Financial Times, BBC, author of “The Data Detective” and “The Undercover Economist”) brings you stories of awful human error, tragic catastrophes, daring heists and hilarious fiascos. They'll delight you, scare you, but also make you wiser. New episodes every Friday.

We tell our children unsettling fairy tales to teach them valuable life lessons, but these Cautionary Tales are for the education of the grown ups &ndash; and they are all true. Tim Harford (Financial Times, BBC, author of &ldquo;The Data Detective&rdquo; and &ldquo;The Undercover Economist&rdquo;) brings you stories of awful human error, tragic catastrophes, daring heists and hilarious fiascos. They'll delight you, scare you, but also make you wiser. New episodes every Friday.

The Company That Cancelled Christmas

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0c49ac97-4228-4446-b4a5-af6400e652df/transcript

Who will be the first to sail non-stop around the world? In 1968, The Sunday Times announces a trophy and a cash prize for the winner, and the Golden Globe Race is on. Leading the charge are Robin Knox-Johnston, an old-fashioned British patriot, and Bernard Moitessier, an enigmatic French philosopher. As monstrous seas and deadly gales close in, the difference between victory and disaster will come down to just one word. 

For a full list of show notes, see timharford.com

Who will be the first to sail non-stop around the world? In 1968, The Sunday Times announces a trophy and a cash prize for the winner, and the&nbsp;Golden Globe Race is on.&nbsp;Leading the charge are Robin Knox-Johnston, an old-fashioned British patriot, and Bernard Moitessier, an enigmatic French philosopher. As monstrous seas and deadly gales close in, the difference between victory and disaster will come down to just one word.&nbsp;
For a full list of show notes, see <a href="https://timharford.com/">timharford.com</a>

The Philosopher and the Handyman: The Race Around the World - Part 1

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c3676c38-b712-443c-8c77-b3f601060dab/transcript

This episode comes to you from American Criminal, the true-crime history podcast that takes you inside the minds of some of America's most notorious outlaws, exploring the dark side of the American dream.

In this series, host Jeremy Schwartz explores the scandal at the heart of the McDonald's Monopoly promotion. The chance to win a prize when you bought a burger was a massive marketing success, with McDonald's returning to the promotion for years. But what the company didn't know was that a man on the inside was rigging the competition and choosing the big winners himself.

Find American Criminal wherever you get your podcasts.

This episode comes to you from American Criminal, the true-crime history podcast that takes you inside the minds of some of America's most notorious outlaws, exploring the dark side of the American dream.
In this series, host Jeremy Schwartz&nbsp;explores the scandal at the heart of the McDonald's Monopoly promotion. The chance to win a prize when you bought a burger was a massive marketing success, with McDonald's returning to the promotion for years. But what the company didn't know was that a man on the inside was rigging the competition and choosing the big winners himself.
Find <a href="https://podcasts.apple.com/us/podcast/american-criminal/id1729427405">American Criminal</a> wherever you get your podcasts.

Presenting... American Criminal: The Great McDonald's Monopoly Heist 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4394cde5-ec87-42ca-a1a5-b3f301213dd3/transcript

Chris McKinlay is a good-looking, smart student at UCLA, but he can't seem to get a girlfriend. He's a computing expert, so why not use his technology prowess to supercharge his search for a soulmate? He starts building an army of bots and unleashes them into the world of online dating. Chris' search for love leads him to some unexpected places, and it might be teaching us all the wrong lessons about love. 

See the show notes at timharford.com

Chris McKinlay is a good-looking, smart student at UCLA, but he can't seem to get a girlfriend. He's a computing expert, so why not use his technology prowess to supercharge his search for a soulmate? He starts building an army of bots and unleashes them into the world of&nbsp;online&nbsp;dating. Chris' search for love leads him to some unexpected places, and it might be teaching us all the wrong lessons about love.&nbsp;
See the show notes at <a href="https://timharford.com/">timharford.com</a>

Sphygmograph Be Damned: The Science of Love

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/73add15d-aa67-4240-a91e-b3ef01220fdc/transcript

The Company That Cancelled Christmas

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