Missing taxes, spiking copper and Napster's re-re-rebirth

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 28 March 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

On Indicators of the Week, we look at a huge projected tax shortfall, the price of copper and the afterlife of Napster, the peer-to-peer file-sharing service that refuses to die.

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Transcript

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0:00.0	NPR.
0:11.5	This is the indicator from Planet Money.
0:13.6	I'm Daryam Woods.
0:14.5	I'm joined today by our very own producer, Angel Karearis.
0:17.6	Welcome, Angel.
0:18.6	Hello, Daryan.
0:19.6	And we also have Planet Money host Keith Romer.
0:22.2	I'm ready to indicate.
0:23.4	So you guys are joining me for Indicators of the Week!
0:27.3	Yippee!
0:28.1	Woo!
0:29.0	This is our weekly look into the most insightful numbers from the news.
0:33.7	Today we're looking at what's making an enormous hole in government's finances this tax season,
0:39.3	the gigantic price rise of copper, and the miraculous rebirth of Napster.
0:48.4	This message comes from Wise, the app for doing things in other currencies.
0:53.1	Sending or spending money abroad, hidden fees may be taking a cut. With Wise, the app for doing things in other currencies, sending or spending money abroad, hidden
0:55.4	fees may be taking a cut. With Wise, you can convert between up to 40 currencies at the mid-market
1:01.6	exchange rate. Visit wise.com. TNCs apply. Indicators of the week. Daryan, what's yours?
1:09.5	So my indicator is roughly $500 billion.
1:12.8	That is the drop in tax revenue that the IRS is expecting this year compared to last year.
1:18.7	Half trillion dollars.
1:19.8	That seems like a lot.
	...

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