It’s 1979 and containerization is sweeping through the San Francisco waterfront, leaving the old docks in ruins. As global trade explodes, a group of longshoremen band together to try to preserve the culture of work that they knew. They take pictures, create a slide show, and make sound recordings. Those recordings languished in a basement for 40 years. In this episode, we hear those archival tapes as a way of exploring the human effects of automation.
First, the MoneyBeat camp breaks down what the surging dollar means to the global economy and markets around the world. Then, a look at why planned festivities for Dow 20000 are modest compared to when it reached 10000 for the first time in 1999.