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NPR's series Cost of Living: The Price We Pay is examining what’s driving price increases and how people are coping after years of stubborn inflation. |
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If you have a pet, odds are you have felt the increased cost of pet care. The Indicator from Planet Money talks with Veterinarian Adam Hechko about why prices are soaring. Here’s what he had to say:
🐶 The cost of operating a veterinary practice has increased with things like medication, partly due to tariffs. Hechko says the cost of a box of exam gloves is more than twice what it was a year or so ago.
🐶 For many practices, the cost of labor exceeds 50% of overall operating costs, because wages for these careers have to rise over time.
🐶 People are willing to spend more money on pet care. Hechko says this noticeable shift in the culture of pet ownership relates to pandemic lockdowns. Some people’s only social interactions or source of companionship during that time were their pets. Hechko believes that's why more people are willing to pay more for the best care to keep their pet healthy.
Listen to what else Hechko has to say about the cost of pet care, or read the transcript from the interview. This week, the series will cover the rising cost of health care. Stay up-to-date on the latest stories here. |
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How are higher prices changing the way you live? Fill out this form to share your story with NPR. |
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Cumbia Across Latin America is a visual report covering the people, places and cultures that keep this music genre alive in six countries. |
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The members of the band Spaghetti Cumbia grew up listening to Latin music in their Los Angeles homes, including cumbia. Living in LA, the group became heavily influenced by classic rock, punk rock and hip-hop. They created their own style by mixing cumbia with their influences and adding a Spaghetti Western sound. The band members credit their love for music for saving them from connecting with the wrong crowd in the ‘90s, when gang violence was at its peak on the city’s east side, which was a popular destination for immigrants. Spaghetti Cumbia said there was no time to spend on the streets between rehearsals and studio sessions. Learn more about how Los Angeles helped shape cumbia music and see pictures from the band’s gigs. You can also read the article in Spanish.
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Planet Money Goes…To PrintMaybe you’re one of the millions of listeners who’ve fallen in love with Planet Money, one of the most downloaded economics podcasts of all-time. From our delightful audio show, to our award-winning TikTok, where else can you turn to find out about the mysterious inner workings of the global economy and the forces that affect nearly every decision we make?
A book, that’s where.
You read that right: in our first-ever book - available for pre-order at the click of this link - Alex Mayyasi and the Planet Money team present brand-new stories and insights gathered from more than a decade of reporting. We’ll explain why some things get cheaper and others never do, demystify dating markets, and show how pro sports’ “dumbest” contract reveals the secret to building wealth – all in the pursuit of showing you how we can all harness key principles of economics to make life a little richer. Hit the button below to not only pre-order the book, but get a free poster, and one month subscription to Planet Money+ (which means you’ll get the show sponsor-free!), all in one fell, economical swoop.
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Axelle/Bauer-Griffin/FilmMagic |
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| Former President Barack Obama was the final guest on actor and comedian Marc Maron's bi-weekly podcast, which ended yesterday on episode 1,686. Obama provided insight into the current state of politics and reflected on WTF with Marc Maron’s legacy. |
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| The Nobel Prize in Economics was awarded yesterday to Joel Mokyr, Philippe Aghion, and Peter Howitt for their research on how cycles of technological innovation drive economic growth and lead to creative destruction. |
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| After graduating from high school in 1971, Silvana Clark enrolled at a community college after receiving guidance from her drama teacher, George Meshke, who had taken a job there. Facing financial difficulties for the next semester, she informed Meshke, who then helped her secure a scholarship. Toward the end of the school year, Clark discovered her unsung hero was actually the one responsible for paying her fees, an act she says she will never forget. |
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