The Indicator from Planet Money

What rhymes with "snakes" and helps the government classify economic activity? NAICS — or the North American Industry Classification System. These codes categorize every industry from artificial turf installation to zucchini farming. But they’re not exactly easy to get. Today we look at one business’ quest for a NAICS code and what makes them so valuable. 

Fact checking by Leyla Doss. 

Your Next Listen 
— How to take the temperature of the US consumer 

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Decades ago, rich Americans used to pay taxes as high as 40% on their investments. Nowadays, an obscure investment strategy is helping them slash that figure toward … 0%. Today on the show, Bloomberg reporter Loukia Gyftopoulou, tells us about this generation’s “great American tax dodge,” and the “mad genius” behind it.

A Tax Strategy for the Rich Built the World’s Largest Hedge Fund - Bloomberg

Fact checking by Sierra Juarez.

Your Next Listen 
— What’s a revenge tax?

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This week’s indicators: Rent is squeezing middle-income earners, the Trump admin is squeezing ACA enrollees, and GLP-1s are squeezing employers.

Fact checking by Julia Ritchey.

Your Next Listen 
—Why GLP-1s aren't lowering employers' costs

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President Trump and his money managers made more stock trades since his second term started than all members of Congress combined. The White House says there is no conflict of interest. Today on the show, we look at three companies he’s traded in that raise ethical flags because of their relationship with the federal government. 

Fact checking by Sierra Juarez.

Your Next Listen 
— Did Trump enable insider trading?

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The used car market is out of control and there doesn’t seem to be an easy fix for high prices. Today, three reasons why finding an affordable car is so difficult.

Fact checking by Sierra Juarez.

Your Next Listen 
— Prepping for a rainy day and higher used car prices

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