What's creative destruction? Buckle up. We're living through it
Creative destruction is a way of explaining how new ideas destroy the old in an economy. In an ideal world, these changes make us all healthier and wealthier, right? Right?! With AI promising to upend the economy, we speak with Avi Goldfarb from the U of T's Creative Destruction Lab about how to prepare for it. We also look at why more First Nations are getting into the housing business and why cheap eats are so hard to find at the airport.We'd love to hear from you! Complete our listener survey here.
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Why do booze-free drinks cost nearly as much as the real thing? (And other mysteries solved!)
This week, we answer some of your burning questions about the economy. Like, why does Canada import stuff that we produce here? Should you pay in CAD when travelling abroad? And, how expensive is the #rvlife?
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If the U.S. is remaking the rules, where does that leave Canada?
The post-WWII rules-based order has been good to Canada. International trade agreements and cooperation have brought peace and prosperity. But with Trump now tearing up the playbook, will we have to follow suit? Or can we find new partners who still want to play the old game the old way? Also, why more North Americans are willing to splurge on business class flights and why long waitlists are pushing Canadians to shop for new hips abroad.
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How YouTube ate the world
More people listen to music on YouTube than Spotify. It's the world's biggest podcast platform and it's worth twice as much as Disney. So what does it mean when one media company commands so much of our attention? We explain why fast food restaurants are betting on hot hot hot menu items. Also, the U.S. is making it harder for the world's brightest minds to work in America. Soooo, maybe they wanna come here?
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He was told he’d won a cash prize, and he sued to get it (via See You in Court)
Today we’ve got a little bonus for you: the latest episode of a new CBC podcast called “See You In Court,” in which host Falen Johnson revisits the legal cases that changed Canada. The second case is one we thought Cost of Living listeners might like, because it’s all about a man who fights all the way to the Supreme Court to get his money!In 1999, a Montreal businessman named Jean Marc Richard got a letter with this claim from Time Magazine: MR. JEAN MARC RICHARD HAS WON A CASH PRIZE OF $833,337! Others might clock it as junk mail and toss it, but the self-described “fighter” Mr. Richard is determined to get his promised payout, launching a court battle with one of North America’s biggest publishers.Come hear how Richard v Time launched a battle over misleading advertising, and set a standard for consumer rights that is still used today.And find more cases from See You in Court here: https://link.mgln.ai/syic-drop
Money talks. We translate. Every Friday, Paul Haavardsrud looks at the way money shapes our lives in ways big, small, obvious, and unseen. From Big Macs to Big Banks, the Cost of Living connects the dots between the economy and everyday life.
Canada - english