global implications

Head to https://factormeals.com/eep50 and use code eep50 to get 50% off. The EU, a unique economic giant, acts similarly to the US federal government, hinting at a "United States of Europe" with its shared currency, policies, and trade deals among 27 states. Despite its near-federal structure, it lacks some federation benefits, posing issues for its members. With a $20 trillion output, second only to the USA, it wields significant global influence. However, its major economies face stagnant growth, mirroring challenges for smaller members. Learn more about your ad choices. Visit megaphone.fm/adchoices

Earlier this week, China reported a headline CPI of zero. Observers are concerned about the potential for a deflationary environment in China that could have ripple effects for the rest of the world. Today, we find out why prices are falling in China and what the CCP could do to reverse that trend.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy

The war in Ukraine is devastating that nation's rich, natural environment - from chemical leaks poisoning water supplies and warships killing dolphins to explosions disrupting bird migrations. NPR Environmental Correspondent Nate Rott has been reporting from Ukraine. He sits down with Short Wave's Scientist in Residence Regina G. Barber to talk about how the Russian invasion is harming the environment even beyond Ukraine's borders.

Read more of Nate's reporting: https://n.pr/3PkuKcE

Want to get in touch? Reach the show by emailing ShortWave@NPR.org.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy