Zoe Chace

Zoe Chace explains the mysteries of the global economy for NPR's Planet Money. As a reporter for the team, Chace knows how to find compelling stories in unlikely places, including a lollipop factory in Ohio struggling to stay open, a pasta plant in Italy where everyone calls in sick, and a recording studio in New York mixing Rihanna's next hit.

In 2008, Chace came to NPR to work as an intern on Weekend Edition Saturday. As a production assistant on NPR's Arts Desk, she developed a beat covering popular music and co-created Pop Off, a regular feature about hit songs for Morning Edition. Chace shocked the music industry when she convinced the famously reclusive Lauryn Hill to sit down for an interview.

Chace got her economic training on the job. She reported for NPR's Business Desk, then began to contribute to Planet Money in 2011. Since then Chace has also pitched in to cover breaking news for the network. She reported live from New York during Hurricane Sandy and from Colorado during the 2012 Presidential election.

There is much speculation on the Internet about where Chace picked up her particular accent. She explains that it's a proprietary blend: a New England family, a Manhattan childhood, college at Oberlin in Ohio, and a first job as a teacher in a Philadelphia high school.

The radio training comes from the Salt Institute for Documentary Studies, and collaboration with NPR's best editors, producers and reporters.

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Planet Money
5:01 am
Mon December 15, 2014

YY Changes Its Tune After Karaoke Is A Hit

Originally published on Tue December 23, 2014 7:53 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

DAVID GREENE, HOST:

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Planet Money
4:40 pm
Tue October 28, 2014

Kansas Gov. Brownback's Radical Tax Cut Has Mixed Results

Originally published on Tue October 28, 2014 6:30 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

ROBERT SIEGEL, HOST:

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Planet Money
4:27 pm
Mon September 22, 2014

Why Raising Money To Fight Ebola Is Hard

Medical workers in Monrovia, Liberia, put on their protective suits before treating Ebola patients
Dominique Faget AFP/Getty Images

Originally published on Mon September 22, 2014 5:40 pm

The response to the 2010 earthquake in Haiti was massive: Billions of dollars in donations poured in.

"It had everything," says Joel Charny, who works with InterAction, a group that coordinates disaster relief. "It had this element of being an act of God in one of the poorest countries on the planet that's very close to the United States. ... And the global public just mobilized tremendously."

People haven't responded to the Ebola outbreak in the same way; it just hasn't led to that kind of philanthropic response.

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Planet Money
4:21 pm
Fri September 12, 2014

When Investors Buy Alibaba Shares, They Won't Get What They Paid For

Originally published on Fri September 12, 2014 6:32 pm

When the Chinese e-commerce company Alibaba goes public, it's going to the biggest public offering ever. When investors buy their shares, however, they won't be buying an ownership stake in Ali Baba's profitable websites. Instead, they will be buying shares in a holding company based in the Cayman Islands. It's illegal for Chinese Internet companies to accept investment from outside the country, but Alibaba has found an ingenious way to still get the $20 billion they want from outside investors.

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Planet Money
3:34 am
Thu September 4, 2014

Dead Chickens, A Tiny Motor And The Story Of Alibaba

Originally published on Thu September 4, 2014 2:19 pm

Last year, Shawn Hector bought some baby chicks. He put them outside in a little chicken coop, but it did not go well. The chicks were eaten by hawks, foxes and raccoons.

Shawn decided the world needed a better chicken coop. He and a buddy, Steve Deutsch, should build it themselves. They figured there might be a market for a high-tech chicken coop, and dreamed of starting a little business.

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Planet Money
4:08 pm
Tue September 2, 2014

The Toughest Class In Nursing School Is The First One

Originally published on Wed September 3, 2014 12:11 am

For people who want a good-paying, stable nursing job, one class stands in the way: Introduction to Anatomy and Physiology. And it's a tough one.

At the first day of anatomy class at West Kentucky Community and Technical College, Jonathan Harned sits in the front row, taking notes. He has safety goggles pushed up on his head — he just came from work. He's got a military crew cut.

Harned was the first one at class today; he was an hour and a half early. He's been waiting 20 years to get to this moment, he says.

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Asia
4:11 pm
Wed July 9, 2014

The Ballad Of The 13-Year-Old North Korean Capitalist

Originally published on Wed July 9, 2014 10:39 pm

Transcript

ROBERT SIEGEL, HOST:

In North Korea, private businesses are illegal - or at least they're technically illegal. People aren't supposed to buy and sell stuff to each other, but they do it anyway. NPR's Zoe Chace, of our Planet Money team, has this story of a young North Korean woman who knew a business opportunity when she saw it, and had no qualms about pursuing it. One word - socks.

ZOE CHACE, BYLINE: She's just 23 years old. Easily excited, she wears makeup, a bright pink dress, likes to speak a little bit of English.

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Business
5:06 am
Wed June 25, 2014

Regulators Debate Effective Punishments For Guilty Banks

Originally published on Wed June 25, 2014 12:48 pm

Transcript

RENEE MONTAGNE, HOST:

And a lot of major banks have been getting into trouble lately - tax evasion, money-laundering, foreclosure, fraud - added to that list this week, sanctions violations. A big French bank will likely admit to the U.S. Justice Department that it handled billions of dollars in trades with Sudan. That's against the rules. But what are the consequences? As NPR's Zoe Chace explains, it's actually pretty hard to figure out how to punish a bank.

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Economy
4:27 pm
Thu May 29, 2014

Germany's Economy Is Doing Well — And That's Bad For The Eurozone

Originally published on Thu May 29, 2014 7:11 pm

Transcript

MELISSA BLOCK, BYLINE: Germany's economy is having a pretty good year so far. Manufacturing is high, unemployment is low. The economy is expanding, and yet the strangest report has recently come out of Europe. It says all of that success is actually a problem for the rest of the Eurozone. Zoe Chase of our Planet Money team wondered why Germany's success isn't considered a good thing.

ZOE CHASE, BYLINE: Germany's got a thing about making stuff the world wants.

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Economy
4:10 pm
Wed May 21, 2014

Penny Hoarders Hope For The Day The Penny Dies

Originally published on Wed May 21, 2014 9:21 pm

Transcript

AUDIE CORNISH, HOST:

Every year, the U.S. government loses money minting pennies. They cost around twice as much to make as they're worth. And some politicians and economists say we ought to just get rid of them. They want the U.S. to kill the penny, take it out of circulation. If that happens, a small group of people plan to make a bunch of money.

NPR's Zoe Chace has that story from our Planet Money team.

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Planet Money
3:53 am
Fri May 9, 2014

When Lyrics Get Posted Online, Who Gets Paid?

Rap Genius

Originally published on Mon May 12, 2014 3:26 pm

Any time a song is popular, you'll find people debating it. And at some point during that debate, someone is going to Google the lyrics.

There are roughly 5 million searches for lyrics per day on Google, according to LyricFind. Those searches often lead to websites that post lyrics to lots of songs — and, in many cases, sites that post ads alongside those lyrics.

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Arts & Life
8:03 am
Sun April 27, 2014

Like So Many Magazines, 'Ladies' Home Journal' Cuts Back

Originally published on Sun April 27, 2014 6:45 pm

Transcript

RACHEL MARTIN, HOST:

This is WEEKEND EDITION from NPR News. I'm Rachel Martin. Ladies' Home Journal, the magazine that was once so popular with housewives and homemakers, is ending its 130-year run as a monthly magazine. The print magazine business has of course changed dramatically in the last few decades.

And Ladies' Home Journal saw its own advertising revenues drop by more than 50 percent over the last 10 years. But this story isn't just about business as you might expect. NPR's Zoe Chace explains women have changed too.

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Planet Money
5:27 pm
Wed April 9, 2014

Across The Atlantic, Glimpse An Alternate Internet Universe

Originally published on Fri August 1, 2014 8:41 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

AUDIE CORNISH, HOST:

Already for many Americans, there are few options when it comes to high-speed broadband. And the reason, says Zoe Chace with our Planet Money team, goes back to a moment when the U.S. decided to go one way and the rest of the world went another.

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Business
5:11 am
Thu March 27, 2014

When Everyone Wants To Watch 'House Of Cards,' Who Pays?

Melinda Sue Gordon Netflix

Originally published on Mon March 31, 2014 12:18 pm

We are going to trace one simple Internet request. It's one that lots of people have made lately.

Rachel Margolis, a Time Warner cable subscriber in Brooklyn, wants to watch an episode of House of Cards on Netflix.

When Rachel clicks on House of Cards on her TV screen, her request travels out of her apartment on a cable, to a box on the corner, then under the East River to a giant building on the West Side of Manhattan. Think of the Empire State Building, turned on its side.

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Europe
4:09 pm
Fri March 7, 2014

Behind Ukraine's Political Strife: One Big Utility Bill

Cossacks stand guard at the entrance to the Crimean Parliament building on Friday in Simferopol, Ukraine. Russian Cossacks, some heavily armed, have taken up guard duties at road checkpoints, border crossings and other key facilities that were previously guarded by local, pro-Russian militants across Crimea in recent days.
Sean Gallup Getty Images

Originally published on Fri March 7, 2014 7:29 pm

One way to understand the situation between Ukraine and Russia right now: Look at the gas bill of an ordinary Ukrainian.

Valentina Olachenka, for example, pays $19 a month for gas to heat her house and run her stove. The average American who uses natural gas, by contrast, spends more than $100 a month.

Gas is cheap for Ukrainians because the government is paying most of the bill — 87 cents of every dollar, according to the IMF.

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Planet Money
3:28 am
Fri February 28, 2014

An Old Law, A Snowy Winter, And A Modern-Day Salt Shortage

Jay Field MPBN Radio

Originally published on Fri February 28, 2014 11:38 am

There were so many winter storms in New Jersey this year that the state nearly ran out of the salt used to melt snow and ice on the roads.

State officials thought they had found a solution when they discovered an extra 40,000 tons of rock salt for sale up in Searsport, Maine.

The state bought the salt but ran into problems getting it to New Jersey — despite the fact that there was an enormous, empty cargo ship, sitting at the Searsport port, headed down to Newark.

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Planet Money
3:43 am
Thu February 20, 2014

What It Was Like To Be A Wall Street Recruit After The Bailouts

John Angelillo UPI/Landov

Originally published on Thu February 20, 2014 10:05 am

Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.

It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.

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Planet Money
5:30 am
Tue January 28, 2014

White House Reminds Firms Not To Overlook Long-Term Jobless

Originally published on Tue January 28, 2014 8:20 am

Transcript

STEVE INSKEEP, HOST:

Here's another item likely to be part of tonight's State of the Union address: helping the long term unemployed. The president is expected to announce that some of America's firms have signed a pledge not to discriminate against the long term unemployed when they're hiring. This week, the president plans to meet with many of the CEOs of those companies. NPR's Zoe Chace from our Planet Money team reports on the surprising experiment that, in part, lead to this meeting.

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Planet Money
5:11 am
Thu January 16, 2014

How Perverse Incentives Drive Up Health Care Costs

Originally published on Thu January 16, 2014 3:07 pm

Transcript

STEVE INSKEEP, HOST:

Emergency medical technicians, EMTs, are trained to save your life and aim to get you to a hospital as quickly as possible when needed. One thing they are usually not asked to do is to find ways to save money.

NPR's Zoe Chace explores one experiment in New York City that is trying to cut emergency care costs and cut return trips to the E.R.

ZOE CHACE, BYLINE: I'm in an ambulance, and we're on the way to the emergency room.

PETER DERMODY: How long have you been feeling like this, Michael?

MICHAEL: Like, two days.

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Planet Money
5:09 pm
Fri January 10, 2014

How A Community Bank Tripped On Footnote 1,861 Of The Volcker Rule

Originally published on Fri January 17, 2014 12:05 pm

When people talk about the Volcker Rule, they often mention JPMorgan Chase, the giant bank where a trader recently made a bad bet that lost $6 billion. The Volcker Rule is supposed to put an end to that sort of thing, by prohibiting banks from trading with their own money.

But some banks that are very, very different from JPMorgan Chase are struggling with an obscure provision in the rule. Specifically, footnote 1,861, which bars banks from investing in something called trust-preferred securities — a rather obscure investment favored by lots of small, community banks invest

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