Well, sorta kinda maybe almost not really discovered it. But the story is still well worth a listen...I've never heard Ira Glass quite so on-the-edge-of-his-seat giddy.
The formula for Coca-Cola is one of the most jealously guarded trade secrets in the world. So we were surprised to come across a 1979 newspaper article with what looked like the original recipe for Coke. Talking to historian Mark Pendergrast, author of For God, Country and Coca-Cola, we were even more surprised when we found reasons to believe the recipe is real.
If you'd like to mix up your own batch of Coca-Cola, here's the original recipe and instructions.
TAL has done it...completed the documentation of liberal, upper-middle class existence.
In what cultural anthropologists are calling a "colossal achievement" in the study of white-collar professionals, the popular radio show has successfully isolated all 7,442 known characteristics of college graduates who earn between $62,500 and $125,000 per year and feel strongly that something should be done about global warming.
When I pointed to the last week's news that the SEC was suing Goldman Sachs for fraud, several people pointed me to an episode of This American Life that ran a couple of weeks ago.
A hedge fund named Magnetar comes up with an elaborate plan to make money. It sponsors the creation of complicated and ultimately toxic financial securities... while at the same time betting against the very securities it helped create. Planet Money's Alex Blumberg teams up with two investigative reporters from ProPublica, Jake Bernstein and Jesse Eisinger, to tell the story. Jake and Jesse pored through thousands of pages of documents and interviewed dozens of Wall Street Insiders. We bring you the result: a tale of intrigue and questionable behavior, which parallels quite closely the plot of a Mel Brooks musical.
The allegation against Magnetar is that they helped create extremely risky CDOs, bought the worst part (the lowest tranche) of those CDOs for a little money, and then bought a bunch of insurance against the CDOs for a lot of money. The CDOs were basically built to fail and when they did, Magnetar lost a little money on their purchase but made a bunch more from the insurance. Pro Publica has the whole story.
This episode of This American Life about murder will put you in a weird mood. For instance, you might find yourself about to cry in the dairy aisle at the supermarket (not that such a thing happened to me, nosirreebob).
Act Two. The Good Son. - A story about a mother who wants to commit suicide and a son who dutifully helps her do it-even though his mother is a happy, healthy, independent person. How did they manage to pull it off? Practice, practice, practice.
This American Life recently aired a follow-up to their well-received program about the recent financial crisis called Return To The Giant Pool of Money.
We catch back up with the people we met in 2008, to see how they've fared over the last 18 months. We talk to Clarence Nathan, who in 2008 received a half million dollar loan that he said he wouldn't have given himself; Jim Finkel, a Wall Street finance guy, who put together and managed complicated mortgage-based financial securities; Richard Campbell, the Marine who was facing foreclosure; and Glen Pizzolorusso, the mortgage company sales manager who led the life of a b-list celebrity.
This radio program made the rounds last week, but I finally got caught up this weekend so I'll add my voice to the chorus urging you to listen to This American Life's episode on the financial crisis, Another Frightening Show About the Economy. Paired with The Giant Pool of Money from back in May, this is an excellent overview of what's going on in the financial markets right now. The hosts of the two shows are also doing a daily blog/podcast thing at Planet Money In addition, the last half of this week's TAL concerns the political angle of the financial mess. I haven't had a chance to listen yet, but check it out if you're into that sort of thing.
Another great-but-disturbing episode of This American Life: The Ghost of Bobby Dunbar.
Host Ira Glass plays the song "Mystery of the Dunbar's Child" by Richard "Rabbit" Brown. It describes Bobby Dunbar's disappearance and recovery and the trial of his kidnapper, all of which was front page news from 1912 to 1914. Almost a century after it happened, Bobby Dunbar's granddaughter, Margaret Dunbar Cutright, was looking into her grandfather's disappearance and found that the truth was actually more interesting than the legend. And a lot more troubling.
This one's not as good as the switched at birth episode (which was amazing) but is still well worth a listen. (All this also reminds me a bit of Don Draper's pre-Sterling Cooper life.)
I just finished listening to this amazing episode of This American Life about two babies who were switched at birth and didn't find out FOR MORE THAN FORTY YEARS even though one of the mothers knew all along.
On a summer day in 1951, two baby girls were born in a hospital in small-town Wisconsin. The infants were accidentally switched, and went home with the wrong families. One of the mothers realized the mistake but chose to keep quiet. Until the day, more than 40 years later, when she decided to tell both daughters what happened. How the truth changed two families' lives -- and how it didn't.
The worst part about the whole thing is that the mother that knew, Mrs. Miller, always treated her non-biological daughter differently, like she wasn't really a full part of the family. The Millers sound like awful people.
I linked to Hands on a Hard Body yesterday. If you need a little extra prodding to watch it, check out the first segment of this old episode of This American Life.
We hear a long interview with Benny Perkins, who won the truck one year and was back the year they made their film to try to win again. He says a contest like this is not easy money. You slowly go crazy from sleep deprivation.
Here's a clip from the This American Life TV show about a hot dog joint in Chicago called The Wieners Circle. On weekend nights after the bars close, the staff and drunken patrons yell verbal abuse at one another like prison inmates or Jerry Springer's guests.
This, this free-for-all has doubled their business, Larry and Barry figure. They end up seeing a side of people that, honestly, changes how you feel about everybody. You really wish you never saw it.
There are several other Wieners Circle videos on YouTube, including one where a customer orders a chocolate shake, throws down $40, and one of the workers begins to take her shirt off. (via delicious ghost)
If, like me, you don't have Showtime and therefore missed the first episode of This American Life last night, you can watch the entire episode on Showtime's site.
Update: TAL has a new web site as well.
Update: The Showtime site doesn't seem to be available to those outside of the US. (thx, jennifer)
Fascinating clip from the This American Life TV show about some grade school kids who became obsessed with using fake video cameras. Animated by Chris Ware. The thing is though, I remember fights in grade school and even in the absence of fake video cameras, students didn't step in to stop fights. (thx, matt)
Good new series of ads for Apple; "Get a Mac". I'm pretty sure the chap playing the PC is John Hodgman (author, Daily Show correspondent, This American Life commentator, former literary agent, monthly readings holder, hobo expert). Can anyone confirm? (via df)
Update: According to MacRumors, the Mac is played by Justin Long.
Update #2: Yep, seems to be Hodgman.
