Setting a New Benchmark With Our 100th Episode

Published Aug 10, 2017, 10:00 AM

The Benchmark crew celebrates the podcast's 100th episode with a trip through highlights as picked by hosts and producers, both past and present. From the Nobel Prize to Duke Bootee, Dan and Scott — along with some special guests — share the moments that put a human face on that thing we call economics. And we look forward at what the next 100 episodes will bring.

It might be hard to imagine, but two years ago Bloomberg was not really in the podcast business, and when we recorded that first Benchmark, we really didn't know what we were doing. We just wanted to produce an intelligent, fun show about the global economy, and frankly, we were just happy to make a second episode. And now here we are nine nine shows later, and boy, what a ride it's been. We've talked about all kinds of things that affect billions of people around the world. We've interviewed everyone from a Nobel Prize winner to a best selling author, a senator, a hip hop legend, and even some members of our own families. We've journeyed all over the world to discuss economic issues, from Europe, the Middle East, to China, Japan, and of course Dan's native Australia. And today we're going to share with you some of our favorite moments from those shows, and we have a couple of special guests too. The one hundredth episode of Benchmark starts now. I'm Daniel Moss, I cover global economics for Bloomberg View in New York, and I'm Scott Landman, an economics editor with Bloomberg in Washington. So, Dan, how does it feel to hit the big one hundred. It feels good. And one of the things that feels particularly good about it is the breadth of people and issues we've looked at on the show. And you didn't even mention the chap who developed the surfing algorithm to determine which coastal communities were benefiting the most from the surf industry. You didn't even mention that one. We set out to make a show. I think we said right at the start, this was not a program about statistics. Who wants to listen to fifteen minutes of statistics bor ring? And economy is a living, breathing thing, with people and companies making decisions every day when to spend, when to say And I honestly think we've covered such a range of issues that are so far beyond the day to day of what people think of as economics, like the GDP numbers or the jobs report. We even said that GDP numbers were rubbish at one point, did we not. We did have an episode all about that, and I think that you know, for me, this has definitely provided a way too to present people with a different side and a more real world side of things that are actually happening in the world that have a some connection or that we connect in some way to economics. Well, a few minutes ago we promised you some special guests. Let's bring in someone who was also there at the beginning, aki Eto. She left the Benchmark podcast halfway through our run to join the Knowledge News team here at Bloomberg and his co host of our tech podcast Decrypted Back should we call it disrupted? That's certainly one after I'm good to be back. Guys. Thanks for coming on, Archie. Why don't you tell us a little more about your show. Yeah, so we we cover all kinds of different stories from the global technology industry, usually something that's a little bit controversial, you know, kind of unintended consequences, uncomfortable truths, that kind of thing. Um. Yeah, we've been going for almost a year now and I've been looking on with pride. Thank you. But you know, there is one other person present at the creation Tory stillwell, she joins us on the line where she's just finished an internship in the office of the North Carolina Attorney General. She's heading back to do her second year at Yale Law School. Tory. Hey, guys, Hey, Tori, it's so right to hear your voice. It's good to be bad. How's life after Bloomberg and after the Benchmark podcast? Can it even be called life after Bloomberg? I'm not sure. Well, we're still waiting for that episode you promised us on the best Pizza in New Haven. We'll have to give the crowd the whole crew over with the New Haven and you can see for yourself. So that brings me to one of our favorite moments. And Tori, you were instrumental in this. It's the three am wake up call. What's it like to get a call in the middle of the night saying you've won the Nobel Prize. Angesteton, who had just been told he'd won the prize, shared that moment with you. That's right. So you didn't think it was a prank at least No, well I didn't think it was a prank until my friend Torston person this is not a prank. I never thought it was a prank. Why is he telling me that basting with my head? He's right trying to psych you out. It is a very funny, very playful guy. Let me turn to one that is one of my favorite clips and personally for me was it was a proud moment when we had ed Duke Booty Fletcher on the show. And for the uninitiated, Duke Booty was the principal author of the seminal hip hop song The Message, you know, that one that goes what most people do not know is that he is actually a scholar. He teaches at a university in Savannah, Georgia, and he has a lot of insight into uh, into the economy, into markets that really came through in that song if you listen carefully, and is something that we tapped him to talk about on our show because I was really piqued in specific by the line in that song referring to double digit inflation. So clearly his is somebody who knows what he's talking about. You who lived during the Clinton era, when home buying in America was at its highest, there was a certain element people who still couldn't get a mortgages, who still didn't have enough money for a down payment, and who never got a home. So now those same people, you know, even though the mortgage rate was low and you could get the morgue, they didn't have the money for morgans. So you know, that same destination still there. Well, we said right at the get go, this would not be a show about statistics, so sure enough when it came to discuss manufacturing, who knew it better than Tories? Mom? What was that conversation? Like? Right now? I think manufacturing is still a part of our lives and and and it will for a while. But I think further on down the road, stay like by the time maybe Tories forty or so, Oh god, maybe when is that exactly twenty years or twenty years down the road? I could I could see it baton out well, Mom, Yes, thank you Tory. How's your mom doing? And what did she think of that episode? Deads doing great? I just got back from Hickory last weekend. Actually, she loved the episode, so I think it was really fantastic for her to get to be a part of that with me. I have to say that was one of my favorites too. And when I began on the show as a co host, I also came up with a similar idea for an episode about truck drivers and what's happening to them in the labor market? Where are they so hard to find? What's happening there? And I went very close to home. Also for a guest, my uncle Kenny Hahn has been a truck driver for over thirty years and he shared some of his own thoughts on the business. Let's listen to that. Well, the teams have been decimated by by the regulation from UM. When I first started driving, there was a hundred and sixty two trucking companies teams to trucking companies, and we're down to two now. One of them is a company I worked for, a BF and the other one is Yellow Roadway, which is a combination of two major companies that had to combine because they weren't making any money. And uh, you know, they can't find drivers any more to be teams. Is because the pension plans are going into the toilet. And uh, you know, my pension in particular has been cut by nineteen hundred dollars because they because the pension is going broke. So even those were the best jobs in trucking, and those jobs stink. So you can only imagine, you know, working for companies like J Beyond that want to work you like a dog and not pay you anything for for your for your efforts, how hard it is for them to find drivers you know, I think it's great that the Landman family in the Stillwell family were able to contribute. I'm pretty sure the Moss family back in Australia has no clue. What I do. You know, Dan, speaking of your family, I do remember a certain moment when you told us all about the origins of your accent. Let's take a listen to that clip. So, Dan, I was scouring the internet one day when I see this great article about how the Australian accent is a result of like you guys drinking too much when you first settled Australia, and that you guys speak with just two thirds capacity, with one third of your like mouth muscles sedentary. There's a couple of versions of that. One is that this is the kind of English that convicts spoke in the late eighteenth century. The other version is when the first male convict ship arrived a few days before the first female convict ship, they were all going crazy. Then when the first female convict ship arrived to join the first male convict ship, there was this massive, massive night with rum and nothing was ever the same. Again. It's fair to say that some of the first European Australians were conceived that night. But that's an incredible story. Well, it just goes to show you that we sometimes went into other topics outside of economics on this show, although you can argue that just about anything has a tangential connection to that subject. But anyway, I thought it would be a good time to bring in a couple of people who are usually behind the studio window but are extremely integral to getting this program out. Alec McKee is the head of podcast for Bloomberg and Sarah Patterson is the producer of this podcast. We usually mentioned their names at the end, but we thought it would be a good idea too if they got to pick a couple of their favorite clips on the show. Alec and Sarah, do you want to do? You want to share that with us? Hi, everybody, it's Alec. It's a privilege to be in the studio with you guys instead of behind the glass wall. And congratulations everybody. On the one episode, I did want to just introduce a clip from a show we just did about two months ago, less than two months ago, about how we were poised in Asia at the time to cover the biggest story of the year, which of course is going to be the handover of Hong Kong to China. That story that you turned out to be something completely different. Let's listen in and and Lee. You were in Bangkok a day was it a day or two days after the handover? It was the next day, Actually it was July. So you know, we were all caught a little bit unprepared. We had seen things kind of melting down rather quickly in Thailand, but the way when the devaluation was announced and they used some up tooth phrasing. But when we realized what it was and we sent the first headline, you know, we were just like, wow, this is not the handover of Hong Kong. This is something big. And Sarah Pattison, our long suffering producer, also has a favorite. It's when we interviewed a survivor of a Bosnian concentration camp and asked him not only about his resettlement in St. Louis, but what the election and some of the anti immigration further meant to him. I hope I will not get misunderstood up that is a hat and mistreating and things like that. But a lot of people forget, not just in Missouri, United States of America, where is their heritage? Coming from Maybe maybe they were not refugee, but they are emigrants like youre. And color of the skin or heavily accent like mine is doesn't mean anything. Ah, people try to hurt you. Maybe they don't even think why. Fortunately, here in the city of St. Louis, picture is not bad. Picture is pretty good and uh, neighbors try to stick together and most of them appreciate what we did here in the past years. Having said all of that, is there a count you would have rather been resettled in? No? No, I didn't know anything about United States, and United States definitely look different now and when I come here. But if I have to choose, people don't understand what we have here. People we this is as country in the world. It's tough to top a moment like that. Scott, Where should we go for future episodes? Yeah? I agree with you it is. It was a very poignant moment. Good to leave it there. I mean, as far as the future, where can't we go there? There are so many topics that we still haven't covered, even even though we we've done a hundred episodes. As you know, one topic that I often reason for our meetings is looking at German manufacturing and how that compares with the efforts to poost manufacturing in the United States. And I always get voted down at our meetings to pursue that one. So I'm really hoping that sometime in the next one episodes we can look at that one. I think we should spend more time in Asia. The idea that a labor shortage in Japan is hurting service at restaurants in Tokyo. That's something our listeners would be interested in. Thanks to everyone who's worked on the episodes or contributed in some way that we didn't get to mention, so we'll mention them now. Magnus Henrikson, Liz Smith, Kate Smith, Michael Shane, Jed Sandberg, our colleagues around the world who have been on all our guests, the staff of Bloomberg Radio one Washington for letting us use their booths. Everyone who's can should read at the time. Now, family, everybody's who's reviewed the show, and especially those who have given us five stars. And if you have any ideas for the show, or if you want to talk to us or send us an email, please get in touch with us. Uh We give our Twitter handles at the end of every show. You can probably look us up on other websites. We're not really that hard to find. Please, we love hearing from you. We love getting comments, and keep it coming.

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