The Economics of Everyday Things

Every year, thousands of products are recalled from store shelves. How does the process work — and who foots the bill? Zachary Crockett gets a refund on his frozen shrimp.   * SOURCES: * Chris Harvey [https://www.linkedin.com/in/chris-harvey-44028944/], senior vice president at Sedgwick.   * RESOURCES: * "FDA Advises Public Not to Eat, Sell, or Serve Certain Imported Frozen Shrimp from an Indonesian Firm [https://www.fda.gov/food/alerts-advisories-safety-information/fda-advises-public-not-eat-sell-or-serve-certain-imported-frozen-shrimp-indonesian-firm]," (FDA, 2025). * "U.S. product recalls reach second-highest level in six years during 2024 [https://www.sedgwick.com/press-release/u-s-product-recalls-reach-second-highest-level-in-six-years-during-2024/]," (Sedgwick, 2025). * "Lot Codes For Food Tracing: How Are They Used? [https://www.forbes.com/sites/thomasburke/2021/02/25/lot-codes-for-food-tracing-how-are-they-used/]" by Thomas Burke (Forbes, 2021). * "How Globalization Challenges Safety In The Food Supply Chain [https://www.foodlogistics.com/safety-security/food-safety/article/12095450/how-globalization-challenges-safety-in-the-food-supply-chain]," by Elliot Maras (Food Logistics, 2015).   * EXTRAS: * "Recalls, Market Withdrawals, & Safety Alerts [https://www.fda.gov/safety/recalls-market-withdrawals-safety-alerts]," (FDA). * "Recalls & Public Health Alerts [https://www.fsis.usda.gov/recalls]," (USDA). * "Recalls & Product Safety Warnings [https://www.cpsc.gov/Recalls]," (CPSC). * "Check for Recalls [https://www.nhtsa.gov/recalls]," (NHTSA). Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com [https://pcm.adswizz.com] for information about our collection and use of personal data for advertising.

In a sport that generates more than $3.5 billion a year, teams compete in cars that cost $70 million to develop and build — and a split-second to crash. Zachary Crockett assesses the damage.   * SOURCES: * Steve Cripps [https://www.williamsf1.com/team/steve-cripps], chief financial officer at Williams Racing.   * RESOURCES: * "Everything you need to know about F1 – Drivers, teams, cars, circuits and more [https://www.formula1.com/en/latest/article/drivers-teams-cars-circuits-and-more-everything-you-need-to-know-about.7iQfL3Rivf1comzdqV5jwc]," (Formula 1, 2025). * "How Williams, F1’s ultimate underdog, found success — and might again [https://www.nytimes.com/athletic/6473647/2025/07/05/williams-f1-history-frank-williams/]," by Madeline Coleman (New York Times, 2025). * "How fast do F1 cars go? [https://www.redbull.com/us-en/how-fast-do-f1-cars-go]" by Amanda Clark (Red Bull, 2024). * "Aerodynamics in Formula 1 | F1 Explained [https://www.youtube.com/watch?v=JuEvK-zCqio]," (Formula 1 Youtube, 2024),  * "Williams Racing [https://www.formulaonehistory.com/teams/williams/]," (Formula One History).   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com [https://pcm.adswizz.com] for information about our collection and use of personal data for advertising.

The world’s oldest advertising medium has reconfigured itself for the digital age. Zachary Crockett looks up.   * SOURCES: * Anna Bager [https://www.linkedin.com/in/annabager/], president and C.E.O. of the Out-of-Home Advertising Association of America. * Dan Levi [https://www.linkedin.com/in/danlevi/details/experience/], chief marketing officer at Clear Channel Outdoor.   * RESOURCES: * "Advertising Proves Resilient Amidst Economic Uncertainty, [https://magnaglobal.com/advertising-proves-resilient-amidst-economic-uncertainty/]" (Magna Global, 2025). * "Clear Channel Outdoor Holdings, Inc. Reports Results for the First Quarter of 2025 [https://investor.clearchannel.com/news/detail/529/clear-channel-outdoor-holdings-inc-reports-results-for-the-first-quarter-of-2025]," (Clear Channel Investor Relations, 2025). * "The Bigger, The Bolder: Outdoor Advertising [https://journalofantiques.com/digital-publications/joac-magazine/features/the-bigger-the-bolder-outdoor-advertising/]," by Judy Gonyeau (Journal of Antiques and Collectibles, 2024). * "How Digital Billboards Target Passersby (Hint: It's Cellphone Data) [https://www.npr.org/2020/02/07/803907447/how-digital-billboards-target-passersby-hint-its-cellphone-data]," by Karen Duffin (NPR, 2020). * "The hottest advertising trend of 2018? Billboards. [https://thehustle.co/billboard-advertising]" by Zachary Crockett (The Hustle, 2019). * "Model Legislation for Banning Billboards [https://www.scenic.org/take-action/resources/billboard-resources/model-legislation-for-banning-billboards/]," (Scenic America). Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com [https://pcm.adswizz.com] for information about our collection and use of personal data for advertising.

Some singles choose to skip the apps and get fixed up the old-fashioned way — but it doesn't come cheap. Zachary Crockett puts himself out there.   * SOURCES: * Maria Avgitidis [https://www.matchmakermaria.com/], C.E.O. of Agape Match and author of Ask a Matchmaker: Matchmaker Maria's No-Nonsense Guide to Finding Love.   * RESOURCES: * "Dating Apps Have Hit a Wall. Can They Turn Things Around? [https://www.nytimes.com/2024/03/12/business/dating-apps-tinder-bumble.html]" by J. Edward Moreno (New York Times, 2024). * "Love, (un)automated: Human matchmaking in the era of online dating [https://journals.sagepub.com/doi/abs/10.1177/02654075241264720]," by Liesel Sharabi (Journal of Social and Personal Relationships, 2024). * "The New Old Dating Trend [https://www.theatlantic.com/family/archive/2023/08/matchmaking-dating-app-era/674989/]," by Faith Hill (The Atlantic, 2023). * "What It’s Like to Work With a Matchmaker [https://www.nytimes.com/2021/02/27/style/what-its-like-to-work-with-a-matchmaker.html]," by Alyson Krueger (New York Times, 2021). * "New York State Dating Service Consumer Bill of Rights [https://ag.ny.gov/sites/default/files/court-filings/dating_service.pdf]."   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com [https://pcm.adswizz.com] for information about our collection and use of personal data for advertising.

They have thousands of congregants and millions of dollars in income. Zachary Crockett passes the collection plate.   * SOURCES: * Julie Roys [https://julieroys.com/about-the-roys-report/], founder of the Roys Report. * Scott Thumma [https://www.hartfordinternational.edu/faculty/scott-thumma], professor of sociology of religion at Hartford International University, director of the Hartford Institute for Religion Research.   * RESOURCES: * "The faithful see both crisis and opportunity as churches close across the country [https://www.npr.org/2023/05/17/1175452002/church-closings-religious-affiliation]," by Scott Neuman (NPR, 2023). * "Million Dollar Homes Become Status Symbols of Televangelists and Pastors [https://trinityfi.org/lavish-lifestyles/million-dollar-homes-become-status-symbols-of-televangelists-and-pastors/]," by Barry Bowen (Trinity Foundation, 2022). * "Megachurch 2020 [https://hirr.hartfordinternational.edu/wp-content/uploads/2024/10/2020_megachurch_report.pdf]," by Scott Thumma and Warren Bird (Hartford Institute for Religion Research, 2020). * Beyond Megachurch Myths: What We Can Learn from America's Largest Churches [https://www.amazon.com/Beyond-Megachurch-Myths-Americas-Churches/dp/0787994677], by Scott Thumma and Dave Travis (2007). * "Ministers' Compensation & Housing Allowance [https://www.irs.gov/faqs/interest-dividends-other-types-of-income/ministers-compensation-housing-allowance/ministers-compensation-housing-allowance]," (IRS). * MinistryWatch [https://ministrywatch.com/].   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com [https://pcm.adswizz.com] for information about our collection and use of personal data for advertising.