Millions of people invest billions of dollars in the stock market to make their money grow. Some pool their money with other investors in high risk investment vehicles known as hedge funds. Hedge fund managers employ a variety of strategies with the goal of doing better than the stock market as a whole. The third richest person in the world, Warren Buffett, made a $1 million bet that he could beat the earnings of any hedge fund with his own investments in low-risk index funds. A hedge fund manager took him up on the challenge. Listen to the story to learn who is on his way to winning the bet and why.
Note: At the end of the 10 year time period, Warren Buffett won the bet as the index funds outperformed actively managed hedge funds.
Story Length: 3:39
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The United States economy has experienced slow but steady growth since the 2007-2009 recession. Historically, one result of an improving economy should be an increase in the overall level of prices – inflation. This has not been the case, however, and inflation has stayed low. Inflation has remained low in part because most people don’t worry about it rising, and they aren’t rushing to buy products before they go up in price. Listen to this story from Planet Money and hear what low inflation sounds like, and how your behavior can directly affect whether prices rise or fall.
What should the government spend its money on? With a growing national debt this has become an important question. Economists see the government’s role in providing goods and services to be one that fills a need. The government should pay for things that make our lives better but that the private market cannot or will not provide. Listen to this story from Planet Money to learn the reasons why government has decided to pay for public goods such as lighthouses and autopsies.
The Federal Reserve System is the central bank of the United States. It is responsible for the effective operation of the U.S. economy and conducts the nation’s monetary policy, stabilizes prices and moderates interest rates, and promotes the safety of individual financial institutions. In 1907, J. P. Morgan organized other leading financiers to backstop a run on banks and bring an end to a nationwide financial crisis. Later, with the encouragement of a powerful senator, a group of New York bankers went on to develop a plan for a central bank that was eventually adopted and that is still in effect today. Listen to the story to learn more about the formation of the Federal Reserve and America’s central banks by Congress.
Nurses save lives. They practice in a variety of traditional healthcare settings, and classifications of nurses earn different salaries. On average, nursing salaries in the United States are 7% higher than the average job salary nationwide. In fact, the Bureau of Labor Statistics projects that nursing will be among the ten fastest growing occupations of the next decade. For people who want a good-paying, stable nursing job, one class stands in the way: Anatomy and Physiology. Listen to learn how one technical college adapted its nursing program to increase its rate of student success.
These levels of listening complexity can help teachers choose stories for their students. The levels do not relate to the content of the story, but to the complexity of the vocabulary, sentence structure and language in the audio story.
NOTE: Listenwise stories are intended for students in grades 5-12 and for English learners with intermediate language skills or higher.
These stories are easier to understand and are a good starting point for everyone.
These stories have an average language challenge for students and can be scaffolded for English learners.
These stories have challenging vocabulary and complex language structure.