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.

Last June the price of oil was $44 a barrel. Then, it started climbing. Earlier this week, it briefly hit $70.

The price of oil is a big deal. It affects how much you pay for heating, or a gallon of gas, or a flight home.

The price of oil is also famously volatile, and in the last six or seven years it's taken an incredible ride. On today's show, we tell the story of what happened and try to figure out what it means for the future of oil prices.

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The Trump administration had a plan to save the coal industry, but a panel headed by a Trump appointee rejected that plan. Stacey Vanek Smith co-hosts the Planet Money podcast The Indicator, where she's been reporting on the threats to the coal industry.

The Beigies

Jan 18, 2018

Eight times a year, the Federal Reserve publishes the Beige Book. It's a report that is, oddly, a collection of little, random anecdotes.

An example from the latest Beige Book, which dropped yesterday: "Crop yields in Central California slipped slightly at year-end, driven by the weak performance of certain nuts."

Some of these stories deliver really interesting little insights into the economy. Insights so illuminating, someone should give out prizes for the best anecdotes in the Beige Book.

So: Welcome to the first Beigie awards, brought to you by the Indicator.

The bridge to nowhere. The teapot museum. People loved to point out how congressional earmarks led to wasteful government spending. Then, in 2011, Congress dramatically restricted earmarks.

Now, Congress is considering bringing them back.

Earmarks are easy to mock. But on today's show, Jonathan Rauch of Brookings and The Atlantic argues that earmarks make democracy work better.

You may already know the headline jobs numbers the government released this morning: The unemployment rate held steady last month at 4.1 percent. The economy added 148,000 jobs.

But these numbers are just the surface of the monthly jobs report; the report has a huge amount of information about how the job market is working (or not working) for people in different industries, and different age groups.

For the last several months, Congress was almost all tax bill almost all the time. Lots of regular business got postponed.

As a result, there is an insane amount of economic policymaking that has to be done by both Congress and the president by the end of the month.

From tariffs to immigration to funding for the military and social programs, the next 27 days are going to be huge.

Two years ago, international sanctions against Iran were largely lifted. People expected the economy to come surging back. But so far, it's been a disappointment. Unemployment is high. Prices are rising. Corruption is persistent. A surge in the price of eggs was the last straw.

Music by Drop Electric. Find us: Twitter/ Facebook.

The U.S. economy is doing great — unemployment is low, businesses are investing more. What could possibly go wrong?

It's like watching the first 20 minutes of a horror movie. Everything seems great. The kids are out swimming in the lake. It's a beautiful summer. But you know something bad is going to happen sooner or later. It always does.

On today's show, we talk about one way things might go wrong: We look at parts of the economy where borrowing is getting frighteningly easy — and where more and more people are struggling to repay their debts.

Happy New Year.

Destruction tends to happen quickly; progress is often gradual.

This combination of sudden, bad things and slow, good things can mess up the way we see the world. We notice the sudden but miss the gradual. The nature of daily (hourly, minutely) news only adds to the perception problem.

What would happen if, instead of getting constant news updates, we only got a news update once every 50 years?

Today's Indicator is 50. We're dreaming up a newspaper that comes out once every 50 years. What goes on the front page?

Spoiler alert: It's not all bad news.

At The Indicator, we've been covering numbers in the news for literally weeks now. And we've hit some of the big stories — sexual harassment, jobs, taxes.

For today's show, we decided to do something a little different: Stacey and Cardiff looked back over 2017 and picked one indicator each — not necessarily the biggest or most important indicator, but one that stood out for one reason or another. These may not be the indicators of the year. But they're our indicators of the year.