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Stacey Vanek Smith

Stacey Vanek Smith is the co-host of NPR's The Indicator from Planet Money. She's also a correspondent for Planet Money, where she covers business and economics. In this role, Smith has followed economic stories down the muddy back roads of Oklahoma to buy 100 barrels of oil; flew to Pune, India, to track down the man who pitched the country's dramatic currency devaluation to the prime minister; and spoke with a North Korean woman who made a small fortune smuggling artificial sweetener in from China.

Prior to coming to NPR, Smith worked for Marketplace, where she was a correspondent and fill-in host. While there, Smith was part of a collaboration with The New York Times, where she explored the relationship between money and marriage. She was also part of Marketplace's live shows, where she produced a series of pieces on getting her data mined.

Smith is a native of Idaho and grew up working on her parents' cattle ranch. She is a graduate of Princeton University, where she earned a bachelor's degree in comparative literature and creative writing. She also holds a master's in broadcast journalism from Columbia University.

The U.S. loses as much as $600 billion a year through intellectual property theft: Semiconductors, self-driving cars, sunglasses, and software.

China is the biggest culprit. It has planted moles in U.S. companies and hacked into computer systems to steal secrets. Boeing, Apple, Dupont, Ford have all gone after China for intellectual property theft.

President Trump wants to punish China by throwing up tariffs, but economist Ken Rogoff says we'd do better to turn the other cheek. It may not be a satisfying strategy, he says, but it's a lot more profitable in the long run.

More than a hundred million taxpayers will get a refund from the Treasury this year, and the average refund is about three thousand dollars. Of tax filers who do get a refund, it's the biggest cash infusion of the year for forty percent of them.

That sounds cool, but it means the average American taxpayer has effectively lent the government three grand until the refund hit their bank account — interest free.

Meanwhile, many of those taxpayers are either paying high interest rates on debt of their own or putting off the healthcare they need.

The Loan Ranger

Apr 16, 2018

It's widely accepted that you cannot get rid of student loans in bankruptcy. They follow you around forever, like the Terminator. But it turns out they can be beat. Some of them, anyway.

Austin Smith is a bankruptcy litigator who discovered, while he was in law school, that the bankruptcy code has been misinterpreted for decades.

He says as much as 50 billion dollars of outstanding student loans could be discharged in bankruptcy after all.

Facebook CEO Mark Zuckerberg was in Congress this week. Redfin CEO Glenn Kelman was watching.

He heard the senators' questions and wondered how many of our congressional representatives have any kind of computer background.

The answer? Not that many. Right around three percent. And, Kellman says, that's a problem for all of us.

The tax cuts, a government that almost shuts down before passing a big spending bill, a tanking stock market, the risk of trade wars (not to mention real wars), and even bad weather — it's been exhausting to keep up with the news flow these past few months.

But worry not. The Indicator goes back to its roots for this episode and presents you with three economic indicators that we think don't get enough attention — indicators that let you filter out the daily clatter and understand the trends that really matter.

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