
India's Cash Crisis, Believing in Santa, How Hoodoos Form
Top of Mind with Julie Rose - Season 1, Episode 438
- Dec 5, 2016 7:00 am
- 101:27
India’s Cash Crisis Guest: Haimanti Bhattacharya, PhD, Professor of Economics, University of Utah Imagine that when you woke up this morning, everything larger than a $10 in your wallet was suddenly worthless. In order to get your money back, you have to take those worthless tens and twenties to a bank or ATM – but the banks aren’t prepared to handle the crush, so the lines are long and there’s a limit on how much you can swap each day. You have until the end of the year to swap the worthless bills or you’ll just lose the money. Oh, and if you try to use the defunct paper to pay a bill that’s due to today or buy just something for your family’s dinner tonight, you’ll be turned down. This is exactly what happened in India on November 8th. And the consequences have been dramatic for India’s economy – especially the poor who rely almost exclusively on cash for daily life. Undocumented College Students Guest: Tanya Golash-Boza, PhD, Professor of Sociology, UC Merced President-elect Trump has vowed to end the Obama administration program that gives some young immigrants, who were brought to the country illegally, temporary relief from deportation. In response, college students across the country are calling for their schools to become “sanctuary campuses” where students without legal status in the country could be safe from immigration enforcement. The concept is similar to “sanctuary cities,” which President-elect Trump has also condemned. It may come as a surprise to you that immigrants without legal status can even enroll in college, but about 30,000 do each year. Getting in is only the start of the struggle. Lying to Kids About Santa Guest: Rachael Sharman, Lecturer in Psychology, University of the Sunshine Coast, Queensland, Australia Just a quick heads up - If you’ve got young kids listening in right now, you might want to put some headphones on or catch this conversation later on our podcast. We’re going to be talking about the beloved tradition that turns even the most upstanding among us into bold