Podcasts about Carnegie

The political economy of AI — things are getting weird, it seems. We have models on the loose, open weights being dropped from the heavenly temple, and data center protests fanning out across the land. There's a lot of salience in a way that feels really different than it did even six months ago. To discuss, we have the wonderful Anton Leicht, a fellow at Carnegie and author of the excellent Substack Threading the Needle. Our conversation covers: Why even a small amount of AI-driven unemployment could upend national politics, especially if agents start replacing junior white-collar workers and breaking the career pipeline, What policymakers can do to protect workers without calcifying the economy, how to collect better data on AI and labor, and whether to subsidize junior hiring, The case for funding the AI transition with corporate income taxes instead of token taxes, and why offering the government AI equity or “golden shares” would backfire, Data center backlash, strategies for winning hearts and minds, and options for friendshoring AI infrastructure, The political economy of safety — why pausing AI development wouldn't work, but a coordinated slowdown might, The coming reckoning between open source and the national security state. Plus, Kafka on bureaucracy and happenstance, how Anton's years in esports shaped his career, and why new ideas seem to travel more easily through American policy discourse than European institutions. Learn more about your ad choices. Visit megaphone.fm/adchoices

In which Futureling Jon Hannah discusses the origins of public libraries, labor exploitation and the uneasy bargain between wealth and the common good. Certificate #39770.

Steelers fans chime in on what they saw in the Pre-season opener. Emmanuel in Carnegie agrees that the games do not matter at the end of the day. However, he says he is not going to diminish the work the players put in and it is important to see development in players, especially the young quarterbacks.

In this episode, Madelyn O'Farrell and Santosh Sankar unpack the data center boom and the idea of compute as the next utility powering an “industrial renaissance.” They explore how AI models are commoditizing, shifting value to the application layer, and draw historical parallels to industrialists like Rockefeller and Carnegie in terms of capital intensity, vertical integration, and long-lived infrastructure. The discussion dives into the biggest bottleneck (access to energy and grid capacity) along with underwhelming GPU utilization, the need for better observability and efficiency, and trends like prefab “constructuring” in data center construction. They also highlight labor and skills constraints in specialty construction, tools like Record Lens to digitize field operations, and the potential for a Foxconn-style contract manufacturer for electrical equipment. The episode closes on what excites them about founders in this space: deep problem understanding, real industrial pain points, and the ambition to build in the physical economy rather than chasing AI hype. Highlights from their conversation include: Setting up Compute as a New Utility and AI Data Center Boom (0:38) Why Compute Becomes a Utility and Implications for Trillion Dollar Tech (3:50) Drawing Parallels Between AI Infrastructure and the Industrial Revolution (6:56) Capital Intensity, Supply Chains, and Long Lived Industrial Assets (7:50) Financing Data Centers Like Power Plants and Identifying Key Bottlenecks (11:44) Energy Queue, Grid Constraints, and Alternative Generation Opportunities (12:25) Efficiency, Grid Utilization, and Rising Importance of Operational Arbitrage (15:13) Utilization, ROI vs. Dark Capacity, and Lessons from the Dot Com Era (21:23) Constructuring Trend and Prefab Manufacturing for Data Centers (26:16) Record Lens and AI Native Project Management for Grid Scale Construction (29:24) Idea of a Foxconn Model for Electrical Equipment Manufacturing (32:47) Standardization, Certification, and Cyber Risk in Grid Infrastructure (36:22) Founder Traits, Industrial Ambition, and Solving Top Three Customer Problems (38:00) Gold Rush Dynamics, Real Pain Points, and Building in the Physical Economy (41:31) FInal Thoughts and Takeaways (42:42) Dynamo Ventures is a venture firm backing founders upgrading the physical economy. As intelligence moves into critical infrastructure and technology collides with physics, industry is entering a new era of transformation - the industrial renaissance. Born from the dirt and grit of supply chains and shaped by operations, not spreadsheets, Dynamo focuses on the complex realities of building in the real world. We invest in companies transforming infrastructure, manufacturing, logistics, transportation, and the systems that power global commerce. Dynamo works closely with founders who combine ambition with a bias to action, bringing a builder mindset to venture capital through deep operational insight, systematic pressure-testing and hands-on partnership. Our purpose is simple: to back the relentless shaping the industrial renaissance. Learn more at www.dynamo.vc Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Efter ett första halvår där noteringsklimatet äntligen börjat visa tecken på att tina upp ordentligt är förväntningarna inför det andra året höga. Idag gästas vi av Anna Boqvist, chef för aktiekapitalmarknaden, på DNB Carnegie. Tillsammans går vi igenom stämningen på marknaden och bland bolagen inför hösten, och lär oss mer om några viktiga begrepp att ha koll på inför börsnoteringar. Programledare är Nike Mekibes och Martin Bunge-Meyer.

Russia's war against Ukraine is well into its fifth year. In recent weeks, momentum has swung in Ukraine's favor amid a remarkable series of strikes on Russia's energy system, military logistics nodes, and defense industrial base.  Nevertheless, Ukraine remains dangerously vulnerable to Russian ballistic missile attacks with little chance of improvement in the face of the global shortage of missile interceptors.  Moreover, neither side appears closer to inflicting the level of damage that might decisively turn the tide on the battlefield or open prospects for a diplomatic conclusion to the conflict. What is the reality on the battlefield? Is significant pressure mounting on Vladimir Putin that might compel him to look for a diplomatic off ramp? Will recent political turbulence in Kyiv impact Ukraine's ability continue an open-ended war of attrition?  And how has the role of external actors evolved, especially Europe, NATO and the United States? Join Aaron David Miller as he engages Carnegie's own Andrew S. Weiss and Dara Massicot, who recently returned from a visit to the front-line in Ukraine, in a wide-ranging conversation on the headlines and trend lines of the Russia-Ukraine war, on Carnegie Connects.

Please leave a review and share with others

Faith, Effort, and Overcoming Arrogance We promised you yesterday that we'd talk about the topic of pride and realizing Hashem is in charge—not just when it comes to money, but also when it comes to our strength and our wisdom. Physical Strength and Health Let's take strength first. A person exercises and loses weight. He thinks, "I lost the weight. I am healthy because I work out, take my medicine, and stay hydrated." What does that have to do with God? You might say, "Okay, God gave me the idea to exercise. Very nice." But it goes much deeper than that. Your exercise and efforts can backfire if Hashem doesn't make them succeed. You are not making it happen. Ultimately, your health is God's decree because you prayed well on Rosh Hashanah. Our physical efforts are just hishtadlut —a natural cover-up for the divine decree. Every action does not guarantee a reaction. A person could ride a bicycle for his health, hit a bump in the road, break his elbow, or worse. Cause and effect do not rule the world. Reb Moshe Feinstein noted that before the Surgeon General determined that smoking was dangerous, it did not make people sick in the same way. Why? Because illness comes when a person fails to protect their health according to the Torah's command in Mesillat Yesharim : Ushmartem me'od l'nafshoteichem ("Take extreme care of your lives"). When someone acts out of a duty to care for the body God gave them, their effort is fulfilled. Reb Yitzchak Kaduri lived to 102 while smoking because he was unaware of its modern medical diagnosis. You put in your effort, and Hashem causes the weight loss. Many people exercise and never lose weight, while others lose weight without exercising at all. You could work out, get dehydrated, spike your heart rate, and end up harming your health. You are not in charge of your health. Wisdom and Human Capability Next case: wisdom. Someone thinks, "I'm a smart guy. I prepare great classes because of my intellect." What do we say in the Musaf prayer ( Ochila La'El )? "The preparations of the heart belong to man, but the answer of the tongue is from Hashem." Man can organize his thoughts— ma'archei , like setting the Shulchan Aruch —but Hashem directs the words that leave his mouth. None of the words you speak come purely from your own power. Someone once asked: "Are you trying to tell me that when I dribble a basketball and shoot it through the rim, God is in my arm?" Absolutely. God is in your arm. In the piyut recited on the second day of Rosh Hashanah ( Shacharit ), written by Reb Yehuda HaLevi, we say v'hakoach miyadecha —the strength in your hand is from Him. The Chovot HaLevavot discusses this in Sha'ar HaBechina as "the secret of movement." Nothing moves on its own. The atoms, the molecules, the forces of motion—God is behind all of it. There is no "automatic pilot" in this world. The Aruch notes that the word automatos comes from Greek philosophy, which viewed the universe as running on self-sustaining mechanics. In reality, a living Pilot drives every detail. The Illusion of Control People often think, "Of course God can interfere—I could slip while shooting the ball, or tariffs could ruin my business." Reb Matisyahu Salomon shared a story about observing a businessman who prayed with intense kavanah (devotion), yet was known to be cutthroat in business. When asked about this contradiction, the man replied: "I know God can interfere. Ships can sink, or tariffs can rise. So I pray: 'God, I know what I'm doing in business—just don't interfere.'" That is entirely the wrong attitude. Everything that happens comes directly from Hashem: Koach miyadecha . The Tomer Devorah elaborates on this when explaining the thirteen attributes of mercy ( Mi Kel Kamocha ). Who is like God, who displays ultimate savlanut (patience)? Even when a person sins, God continues to pump life energy into that individual's limbs at that exact second. Consider this parable: A man lets his neighbor plug a party sound system into his home electrical outlet, requesting only that the music stop by 10:00 PM so his baby can sleep. Midnight arrives, the music is blasting, and the baby is crying. What does the homeowner do? He pulls the plug! Hashem does not pull the plug. He continues to sustain the breath and strength of a person even while they misapply those gifts. Our thoughts, speech, and ideas originate from God. Preparation is our hishtadlut , but the final outcome remains in His hands. A single slip of the tongue can alter a career; without divine protection, human effort quickly stumbles. From Tisha B'Av to Neilah Our High Holiday season serves as a direct rectification for the spiritual drop of Tisha B'Av. Tisha B'Av represents the concept of the Gid HaNasheh —the sinew of forgetting. What causes us to forget God? Arrogance in our wealth, strength, and wisdom. We rectify this by progressing through the Days of Awe until reaching Neilah on Yom Kippur. According to Shmuel in Masechet Yoma , the core essence of Neilah is encapsulated in these words: Ma anachnu? (What are we?) Ma chayenu? (What is our life?) Ma chasdenu? (What is our kindness?) Ma tzidkotenu? (What is our righteousness?) Ma kochenu? (What is our power?) Ma gevurotenu? (What is our strength?) "Behold, all the mighty men are as nothing before You." Rav Yerucham Levovitz once cited the story of a famous Jewish strongman who could bend steel bars. Targets of antisemitic hostility in Europe spiked his bed of nails with poison. A tiny prick infected him, and he rapidly deteriorated and passed away. Rav Yerucham remarked: Look at this powerful man—one microscopic point on his back, and he falls. The Transience of Human Fame Anshei Hashem —people of renown and wealth—pass away and are quickly forgotten: Hathaway Avenue (Deal, NJ): Named after William Hathaway, a prominent 19th-century hotel proprietor who purchased the land in 1854 and hosted Deal's incorporation gala in 1897. Today, few who drive down the street know his story. Carnegie Hall: Andrew Carnegie financed its construction in 1891. Decades later, public speaker Dale Carnagey intentionally changed the spelling of his last name to "Carnegie" as a marketing move to associate himself with Andrew's colossal wealth. Today, people routinely confuse the two. Historical Magnates: Prominent leaders, such as Ishaia Angel of Damascus or the Farhi family of Syria, held vast influence in their time. Yet across generations, earthly prominence fades into history. "The wise are as without knowledge, and the understanding as without intellect. For all our deeds are emptiness, and the days of our lives are vanity before You. The preeminence of man over beast is non-existent, for all is vanity." Conclusion This clarity is the goal of Neilah : replacing the self-reliance that leads to spiritual decline with the absolute awareness that everything originates from God. Rabbeinu Bachya notes on the command lo tira mehem ("do not fear them") that those who harbor genuine reverence for God feel no fear of man. Embracing this perspective during the Yamim Noraim restores our focus, clears away false pride, and anchors our ultimate connection to Hashem.

Hey Now, Cabalists! We're kicking things off with a look at culling games from our collections before getting into what's been hitting the table lately, including Animal Rescue Team, Entropy, Super Auto Pets Card Battle, Carnegie, and Eschaton. Then we take a closer look at our featured game, Revenant, designed by Allan Kirkeby. Tony T brings us the latest in Tabletop Gaming News, and we close out the show with a discussion about how to set yourself up for success on your very first play of a game. Animal Rescue Team: 00:09:00, Entropy: 00:20:33, Super Auto Pets Card Battle: 00:28:34, Carnegie: 00:36:51, Eschaton: 00:51:08, Revenant Review: 01:07:37, News with Tony T: 01:43:21, Succeeding at Your First Play: 02:47:22. Check out our sponsors Restoration Games at https://restorationgames.com/, Game Toppers at https://www.gametoppersllc.com/ and Prester's Painting at https://www.presterspainting.com/

More than twenty-five years ago, John Wood was a rising Microsoft executive with a demanding job and a packed passport. A trek through Nepal changed everything. After encountering a rural school with empty library shelves, Wood made a promise to a headmaster that would eventually lead him to leave his corporate career behind and found Room to Read — an organization that has since built tens of thousands of libraries and reached over 26 million children across 20 countries.  In this conversation, John shares:  The moment in the Himalayas that sparked his decision to leave Microsoft  How he applied business discipline — benchmarking Room to Read's growth against Starbucks' post-IPO expansion — to scale a nonprofit faster than a Fortune 500 company  Why local ownership and community buy-in (not "helicopter philanthropy") became core to Room to Read's model  The origin of Room to Read's local-language publishing program, which has produced over 1,700 original children's titles  Why he launched a second organization, Ugo, to fund university scholarships for young women in low-income countries  The economics behind U-Go's $800-per-year scholarship model and its "zero leakage" funding structure  His advice for anyone considering a major career or life pivot toward purpose-driven work    Chapters: 00:00 A Pivotal Moment in Nepal 04:35 The Path to Scaling Impact 10:00 Productizing Philanthropy and Engagement 16:00 Local Empowerment and Cultural Solutions 22:00 Sustaining Motivation Through Challenges 26:40 Introducing U-Go: A New Vision  32:00 Creating Long-Term Educational Stability 40:10 Effective Altruism and Fundraising 44:10 Advice and Closing Thoughts 

Ukraine has been stepping up its long-range attacks inside Russia. Meanwhile, Moscow continues to pound Kyiv, with a massive missile attack over the weekend. Dara Massicot is a senior fellow in the Russia and Eurasia program at Carnegie and has just returned from a research trip to Ukraine. She joins the show from Washington.  Also on today's show: Chris Krebs, Former United States Director of the Cybersecurity and Infrastructure Security Agency; financial journalist William Cohan    Learn more about your ad choices. Visit podcastchoices.com/adchoices

At age 16, violinist Ariana Kim made her debut with the St. Paul Chamber Orchestra and at age 24, she was appointed acting concertmaster of the Louisiana Philharmonic.  Ariana made her New York recital debut at Carnegie's Weill Hall during her doctoral studies at Juilliard and she is now a tenured professor at Cornell University.  Equally devoted to contemporary and long-established literature, Ariana held a 10-year position with the New York New Music Ensemble Ne(x)tworks and she is currently in her 19th season with The Knights. The 2024-2025 season brought a 6-performance residency at the Minneapolis Institute of Art, and she gave a rare performance of Bartok's Violin Concerto No. 1 at Jordan Hall in Boston with the Cornell Symphony.  Her solo album, (un)common thread, explores improvisation through the lens of Mozart and Beethoven sonatas alongside world folk music, with collaborators Roger Moseley (fortepiano) and Shane Shanahan (percussion) was recently released on Tiger Turn Records.  

This week we are bringing you a conversation that Literary Arts hosted in October 2025 with historian and political philosopher Timothy Snyder, author of On Tyranny, who spoke about his book On Freedom with Literary Arts executive director – and co-host of this show – Andrew Proctor. Timothy Snyder is the author of several books including Bloodlands and The Road To Freedom, as well as numerous articles and a popular Substack. He is a scholar of Eastern European history who Anne Applebaum has called, “one of our most original and perceptive thinkers.” He currently serves Chair in Modern European History at University of Toronto. He has won both the Carnegie and the Guggenheim Fellowship, the Literature Award of the American Academy of Arts and Letters, the Leipzig Book Prize for European Understanding and the Hannah Arendt Prize for Political Thought.  He speaks five languages and reads in ten, once telling a reporter, “If you don’t know Russian, you don’t really know what you’re missing.” The Guardian called him, “one of the most eloquent interpreters of the war in Ukraine.” He served as an advisor to UN Security Council, and has met privately with Ukrainian president, Volodymyr Zelenskyy. In the wake of the 2016 election, what began as a list of thoughts on an airplane napkin became On Tyranny: Twenty Lessons From The Twentieth Century. The book spent two years on the bestseller list and catapulted Snyder from respected historian to one of the most prominent voices in fight against authoritarianism. The lessons of On Tyrrany were widely shared, inspiring multiple poster campaigns and at least one rap song. With On Freedom, Snyder once again places the past in direct conversation with the present and the future. Freedom, for Snyder, is not external thing we may or may not achieve, but an ongoing, embodied struggle. With immediacy and striking humility, he draws lessons from history, not simply to predict future risk, but to claim agency in the present, to see clearly our potential as individuals, as a country and as a species. Timothy Snyder is the Richard C. Levin Professor of History and Global Affairs at Yale University and a permanent fellow at the Institute for Human Sciences in Vienna. His books, which have been published in over forty languages, include Bloodlands, Black Earth, On Tyranny, Road to Unfreedom, Our Malady, and On Freedom. His work has inspired poster campaigns and exhibitions, sculptures, a punk rock song, a rap song, a play, and an opera, and he has appeared in over fifty films and documentaries. He lives in New Haven, Connecticut.

The Government's granted its first permit to dig for offshore petroleum since reversing the oil and gas ban. Aussie company EnZed Energy's been awarded a 12-year exploration permit in the offshore Taranaki basin. Resources Minister Shane Jones calls it a major milestone and a clear signal confidence is returning. Energy Resources Aotearoa CEO John Carnegie told Mike Hosking that exploration is an inherently risky exercise and uncertain process, but the permit area covers a promising target. He says that with supportive regulatory settings, if a commercial discovery is made, it might be possible to get gas to market in as little as five or so years. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Eliot Clough and David Eickholt of HawkeyeInsider and 247Sports discuss some of the things they're planning on asking both Kirk Ferentz, along with Hawkeyes Zach Lutmer, Jayden Montgomery and Addison Ostrenga about at Big Ten Media Days next week in Chicago (Iowa's quarterback batttle, who will play free safety, the defensive line and more).That, and the pair dive into what the Iowa women's basketball team will look like this season after media availability this week. Transfer Dani Carnegie is exactly what they need, the four-out offense, how Ava Heiden and Layla Hays will split minutes and more.

Darren is back at the mic after a month away and, again, back on the Iran/Hormuz story. The deal he spent an hour analysing in June is dead inside three weeks, the two sides are fighting again, American soldiers are dying, important infrastructure has been destroyed across the region, and a fresh ceasefire proposal is circulating even as Washington weighs a much larger campaign alongside Israel. This episode is his effort to describe the machinery that keeps generating these crises, with his analysis intended to hold up whether there's a ceasefire or a major escalation by the time you listen. Darren starts with the collapse of the June memorandum and why the agreement that used the word "permanent" turned out to be the shortest-lived of the lot. He then works through what Tehran believes it saw in the three weeks after signing, a short theory of how wars stay limited and how those limits break, and the idea that sits at the centre of the episode: that this is no longer a war about what the two sides don't know, but about their inability to make any promise the other has reason to believe. From there it's the oil clock — how close the market is running to empty, and why the cushions that saved us the first time may not be there again. Then he moves to the the risk that Iran's apparent victory is quietly turning into a trap, what a durable settlement over the Strait of Hormuz might actually look like, and why none of it touches the nuclear question that started the war. The episode closes well beyond Iran, with a more general thought about a world economy that has become cheap to disrupt, slow to reassure, and which no government can any longer credibly promise not to weaponise. Australia in the World is written, hosted, and produced by Darren Lim, with research and editing by Hannah Nelson and theme music composed by Rory Stenning. Relevant links Note: Not everything below is named in the episode; some pieces sit behind the analysis rather than being quoted directly. Where Darren refers to a work explicitly, it's marked with an asterisk (*). On the collapse of the deal and the view from Tehran * Vali Nasr, "Why Iran is returning to war," Financial Times, 17 July 2026: https://www.ft.com/content/22fdb2d5-b454-4a65-9aa9-e56371533ccf * Ali Vaez, "This Is a Forever War in the Making," The New York Times, 15 July 2026: https://www.nytimes.com/2026/07/15/opinion/us-iran-forever-war-strait-of-hormuz.html   * International Crisis Group, "From Deal to Ordeal: The U.S. and Iran" (panel featuring Vali Nasr; moderated by Ali Vaez), 16 July 2026: https://www.youtube.com/watch?v=Ka_G_Oi2Ez8 * Rob Malley, remarks on the drafting of paragraph 5 (via X / Crisis Group), July 2026: https://x.com/Rob_Malley/status/2076796118604632398 * Ali Hashem, “'The word belongs to the battlefield': Why Iran, US are drifting back to conflict”, Al-Monitor, 14 July 2026: https://www.al-monitor.com/originals/2026/07/word-belongs-battlefield-why-iran-us-are-drifting-back-conflict On Trump, strategy and the limits of American power * Trita Parsi, “Yesterday's US-Iran escalation is a mere prelude to what is likely to come”, Substack 19 July 2026: https://tritaparsi.substack.com/p/yesterdays-us-iran-escalation-is Peter Baker, "In Iran, Trump Has Found an Opponent He Cannot Easily Dominate," The New York Times, 14 July 2026: https://www.nytimes.com/2026/07/14/us/politics/iran-trump-war.html Robin Wright, "Donald Trump's Ad-Lib Strategy on Iran," The New Yorker, 17 July 2026: https://www.newyorker.com/news/the-lede/donald-trumps-ad-lib-strategy-on-iran Greg Jaffe and Eric Schmitt, "Trump Faces the Limits of U.S. Firepower and the Lessons of Past Wars," The New York Times, 17 July 2026: https://www.nytimes.com/2026/07/17/us/politics/trump-iran-war-afghanistan-iraq.html "The Iran war is America's least popular since polls began," The Economist, 19 July 2026: https://www.economist.com/united-states/2026/07/19/the-iran-war-is-americas-least-popular-since-polls-began On Hormuz, oil markets and the equilibrium * Javier Blas, "Iran Risks Overplaying Its Hand on Hormuz," Bloomberg Opinion, 16 July 2026: https://www.bloomberg.com/opinion/articles/2026-07-16/strait-of-hormuz-iran-risks-overplaying-its-hand-on-oil-chokepoint "Donald Trump has no good options for reopening the Strait of Hormuz," The Economist, July 2026: https://www.economist.com/middle-east-and-africa/2026/07/14/donald-trump-has-no-good-options-for-reopening-the-strait-of-hormuz "Oil traders warn market is close to running on empty as Hormuz shuts again," Financial Times, 15 July 2026: https://www.ft.com/content/6c314457-ce9a-4689-b3e1-ff637de0d6bf?syn-25a6b1a6=1 Lewis Jackson and Sam Li, “China's oil imports have plunged during the Iran war. How much will they recover?”, Reuters, 17 July 2026: https://www.reuters.com/business/energy/chinas-oil-imports-have-plunged-during-iran-war-how-much-will-they-recover-2026-07-17/ Amos Hochstein, thread on depleted energy buffers, 17 July 2026: https://x.com/amoshochstein/status/2077812227890131406 On the nuclear file * James Acton in conversation with Jon Bateman, World Unpacked (Carnegie), 12 July 2026: https://carnegieendowment.org/podcasts/the-world-unpacked/a-physicist-explains-how-iran-can-still-go-nuclear The theory * Thomas Schelling, Arms and Influence (1966): https://books.google.com.au/books/about/Arms_and_Influence.html?id=P-_RDwAAQBAJ&redir_esc=y * Herman Kahn, On Escalation: Metaphors and Scenarios (1965): https://books.google.com.au/books?id=0No5uIPpD8AC&printsec=frontcover&redir_esc=y#v=onepage&q&f=false * Robert Jervis, Perception and Misperception in International Politics (1976): https://www.jstor.org/stable/j.ctvc77bx3 * James Fearon, "Rationalist Explanations for War," International Organization (1995): https://www.jstor.org/stable/2706903 * Robert Powell, "War as a Commitment Problem," International Organization (2006): https://www.jstor.org/stable/3877871

Grant, a historic Carnegie library and city hall of South San Francisco - tourist California

Greg Warren has been hanging out with us live in-studio all morning long to announce his new comedy special being taped at the Carnegie of Homestead Music Hall this November.See omnystudio.com/listener for privacy information.

Greg Warren has been hanging out with us live in-studio all morning long to announce his new comedy special being taped at the Carnegie of Homestead Music Hall this November.

Jacob grabs Chris Branch, senior writer at The Athletic and author of The Pulse, to talk about the World Cup as geopolitics. They cover Trump's red-card intervention and the Balogun controversy, England-Argentina and the ghost of the Falklands, why sports and politics were never actually separate, and why China and India can barely qualify while Cape Verde runs wild. Plus: whether soccer ever truly takes hold in America, and why it might take a billionaire treating the sport like a Carnegie library to make it happen.--Timestamps:(00:00) - Welcome and Guest Intro(01:41) - In-Person Catch-Up(02:40) - Meet Chris Branch(03:28) - Why This World Cup Hit Different(05:09) - Sports Writing Meets Politics(07:11) - Fan Culture and National Rivalries(10:24) - FIFA Corruption and New Fans(14:03) - Picking a Premier League Team(15:16) - Can Soccer Catch On in America(17:49) - Why MLS Struggles(21:55) - Pay-to-Play and US Development(29:22) - Women's Soccer and Global Gaps(33:47) - Trump, FIFA, and the Balogun Saga(35:29) - Red Card Controversy(36:25) - Iran Match Bad Karma(37:37) - Play Anyway Debate(42:22) - Sports as Common Ground(44:37) - Stars Politics and Fandom(56:10) - Money Youth Sports Future(01:04:53) - Closing Stories and Wrap--Referenced in the Show:The Pulse - https://www.nytimes.com/athletic/newsletters/the-pulse/--Jacob Shapiro Site: jacobshapiro.comJacob Shapiro LinkedIn: linkedin.com/in/jacob-l-s-a9337416Jacob Twitter: x.com/JacobShapJacob Shapiro Substack: jashap.substack.com/subscribe --The Jacob Shapiro Show is produced and edited by Audiographies LLC. More information at audiographies.com--Jacob Shapiro is a speaker, consultant, author, and researcher covering global politics and affairs, economics, markets, technology, history, and culture. He speaks to audiences of all sizes around the world, helps global multinationals make strategic decisions about political risks and opportunities, and works directly with investors to grow and protect their assets in today's volatile global environment. His insights help audiences across industries like finance, agriculture, and energy make sense of the world.--Mentioned in this episode:Check out Marketplace Morning Report!If you're enjoying the Jacob Shapiro Podcast, make sure to check out Marketplace's Morning Report! The team gives you the economy without the anxiety, in the amount of time it takes to brew a cup of coffee. Learn more at: www.marketplace.org/shows/marketplace-morning-reportCheck out Marketplace Morning Report!If you're enjoying the Jacob Shapiro Podcast, make sure to check out Marketplace's Morning Report! The team gives you the economy without the anxiety, in the amount of time it takes to brew a cup of coffee. Learn more at: www.marketplace.org/shows/marketplace-morning-report

Timothy Snyder holds the inaugural Temerty Chair in Modern European History at the Munk School of Global Affairs and Public Policy at the University of Toronto. Snyder's work has appeared in forty languages and has received a number of prizes, including the Emerson Prize in the Humanities. Snyder was a Marshall Scholar at Oxford, has received the Carnegie and Guggenheim fellowships, and holds state orders from Estonia, Lithuania, and Poland. He is researching a family history of nationalism and finishing a philosophical book about freedom. In this episode, Robinson and Timothy discuss the future of the United States. More particularly, they delve into AI, rebellion, conspiracy theory, our relationship with Russia and Ukraine, Donald Trump, and more. Timothy's most recent book is On Freedom (Crown, 2024).Timothy's Website: https://timothysnyder.orgOn Freedom: https://timothysnyder.org/books/OUTLINE00:00 Will the United States Cease to Exist?13:47 Is Trump Breaking the United States Apart?21:09 Will AI Prevent Armed Rebellion Against the Government?30:20 Trump, Conspiracy Theories, and the Politics of Small Numbers39:46 Putin Does Not Think Ukraine Is Real45:57 What Are Trump's Soft Spots?50:26 How Tim Organizes His Thought57:59 Donald Trump and the SuperloserRobinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.

“We have a Justice Department which is now 100% the political pawn of the president,” warns Brookings senior fellow Jonathan Rauch. “He points, and they shoot.” Point and shoot. Like an old Kodak camera. Not exactly assuring words, you might think, from a man who begins our conversation looking back at the first six months of 2026 by announcing that he's significantly less alarmed than he was a year ago. Yes, Rauch acknowledges, Trump's approval ratings have sunk, the courts have pushed back, Elon Musk's DOGE rampage has petered out. And yet the pointing and the shooting goes on. Rauch, who only months ago diagnosed eighteen “distinct and unmistakable signs” of an American fascism in a much touted Atlantic piece, now admits he may never crack the Trumpian code. Every time you nail it to the wall, he says, it morphs, creeps or sails away. Like an Iranian gunboat in Hormuz. Slippery stuff for the liberal Brookings analyst. Fascism one month, McKinley-style imperialism the next, then Gilded Age plutocracy — although without those ontologically undeniable Carnegie libraries. Meanwhile, America's 250th birthday party fizzled into what Rauch calls a “damp squib,” its reflecting pool turning an opaque green rather than a clarifying blue. A muddy madness in DC. Still, amidst all the opacity, Rauch remains a defiantly optimistic liberal. In contrast with yesterday's guest, the reality hallucinating Turi Munthe, Rauch believes not only that there is an ontological reality, but that it's good. Frank Fukuyama was right, Rauch insists. Liberalism is not only the only political system that creates wealth, produces knowledge and settles disputes, but also establishes an undeniable reality. Liberals just need to relearn how to clearly tell its story. Perhaps. Though storytelling is certainly simpler when nobody is waving a gun at you. Five Takeaways •       Less Alarmed, Still Scared. Rauch opens with the good news: he is significantly less alarmed than he was a year ago, when the administration was running rampage, putting agencies out of business and demanding Greenland. Approval ratings have dropped, so Trump has less political space; the courts have pushed back, so he has less judicial space; Stephen Miller has vanished from view. And then comes the caveat that gives the episode its title: the Justice Department is now 100% the political pawn of the president — he points, and they shoot — and Trump has shown that as his ratings fall, he becomes more willing, not less, to use those tools. •       I May Never Crack the Code. Only months ago, Rauch diagnosed eighteen distinct and unmistakable signs of a modern American reinvention of fascism in The Atlantic. He doesn't regret the essay — but he has gone back to being confused. The Trump phenomenon is slippery: every time you nail it to the wall, it morphs, creeps or slides away. Fascism one month, McKinley-style imperialism in Venezuela the next, an Iran war with no rationale at all. Trump is such an improviser, and so disorganized, that Rauch concedes there is an element of randomness he may never decode — though he accepts Andrew's suggestion that attention is now the coin of the political realm. •       Not the Gilded Age — No Carnegie Libraries. The new inequality, Rauch argues, is different in kind: a class of people almost superhuman in the wealth they control, and strangely narcissistic and nihilistic toward the broader society. The Gilded Age tycoons did some bad things, but they also built — Carnegie's libraries, Mellon's National Gallery, Rockefeller's University of Chicago, Stanford's university. This group builds rockets and sounds, in the case of Marc Andreessen, like a parody of an Ayn Rand novel — or, as Andrew corrects him, not a parody at all: they simply repeat what they've read. Even so, Rauch is not sorry to see politics reacting to a world where Musk can casually drop $300 million into a presidential race. •       The Gloves-Off Court and the Accelerating Presidency. The Supreme Court term brought the clearest statement yet of the conservative agenda: Humphrey's Executor overturned after eighty years, making it far easier for presidents to fire agency heads at will; what remained of the Voting Rights Act effectively gutted; birthright citizenship surviving by a shockingly narrow margin. The imperial presidency is not new, Rauch notes — what's new is the speed. A president can now simply refuse to run a congressionally mandated agency, and the Senate, forty quietly nixed nominations notwithstanding, remains lacking in spine. The Todd Blanche nomination, he says, is the next test of whether any line exists at all. •       Fukuyama Was Right — and Liberals Should Say So. Rauch sees a moral vacuum and, for the first time, a craving to fill it: the pope's AI encyclical, multi-faith clergy bearing witness in Minnesota, the Episcopalians and Latter-day Saints finding their voices. His prescription for the second half of 2026 is a liberal one, in the nineteenth-century sense — science, markets, constitutions, rule of law. Fukuyama, widely misunderstood, was right: there is only one system that produces knowledge, peace, freedom, and wealth on a global scale, and it's ours. It needs fixing — he cheers the bipartisan housing bill Trump refused to sign — but liberals must relearn how to tell that story, and how to brag. About the Guest Jonathan Rauch is a senior fellow in Governance Studies at the Brookings Institution and a contributing writer at The Atlantic. He is the author of nine books, including The Constitution of Knowledge: A Defense of Truth (2021), Cross Purposes: Christianity's Broken Bargain with Democracy (Yale, 2025), and Kindly Inquisitors: The New Attacks on Free Thought. A recipient of the National Magazine Award, he serves on the boards of Heterodox Academy and Civic Life, and is a longtime friend of the show. References: •       Rauch's Atlantic essay identifying eighteen “distinct and unmistakable signs” of a modern American reinvention of fascism — the piece he stands by, even as he admits the phenomenon keeps morphing. •       His recent essays for The UnPopulist on why liberal societies need grand stories about themselves, and why liberals must relearn how to brag about liberalism. •       Jonathan Rauch and Peter Wehner in The New York Times — the earlier argument, which Rauch says still holds, that the Republican Party is more dangerous to the constitution and the rule of law than the Democratic Party. •       Tim O'Reilly in The Economist — on Elon Musk building a form of capitalism that Adam Smith would hate. •       Francis Fukuyama — whose widely misunderstood The End of History thesis Rauch defends: there is only one system that creates wealth, produces knowledge, and settles political disputes on a global scal...

Edward lays out three criteria for what makes something a genuine choke point: dominant market share, difficulty to substitute, and the ability to weaponize it with asymmetric impact, hurting the adversary far more than yourself. All three are needed.  The U.S. dollar is involved in 90% of foreign exchange transactions. China refines 90% of the global supply of rare earths. Nvidia designs 85% of advanced AI chips. These are all choke points. Canada's dependence on the U.S. market, on the other hand, is not, because imposing embargo-level tariffs on Canada would be just as damaging to the U.S. as to Canada. The distinction, he notes, is not between weaponizing interdependence but weaponizing dependence. On the question of incremental versus decisive action when it comes to what nations can do in response to chokepoints, Edward's view is clear: when you ratchet up sanctions or export controls gradually, the adversary adapts the whole time. The pressure goes up a little, they find workarounds; the impact goes down, and you end up with a zigzagging pattern that is not particularly effective. On semiconductors, he pushes back on the argument that restricting chip exports to China simply incentivizes them to build their own, pointing out that Huawei's chip subsidiary currently holds around 1% of the advanced AI chip market. If the AI race could be decided in the next few years, giving China access to Nvidia chips in the interim would, in his view, be giving ammunition to an adversary in the middle of the most important technology race of our lifetimes. On India, Edward's view is that India has more optionality than almost any other country outside the U.S. and China. He sees deeper economic integration with like-minded partners as the most promising path forward, and thinks India is well positioned to benefit from the current transition in the global economic order. He is also candid that both the U.S. and China use economic coercion, and that it is reasonable for countries like India to factor that in. But when stacking the two up, his view is that the U.S. legal system, with its checks and balances, offers more predictability than the alternative. Every two weeks, Interpreting India brings you diverse voices from India and around the world to explore the critical questions shaping the nation's future. We delve into how technology, the economy, and foreign policy intertwine to influence India's relationship with the global stage.As a Carnegie India production, hosted by Carnegie scholars, Interpreting India, a Carnegie India production, provides insightful perspectives and cutting-edge by tackling the defining questions that chart India's course through the next decade.Stay tuned for thought-provoking discussions, expert insights, and a deeper understanding of India's place in the world.Don't forget to subscribe, share, and leave a review to join the conversation and be part of Interpreting India's journey.

In Episode 60, we review Carnegie designed by Xavier Georges and published by Quined Games. But, first! We chat about what is bringing us joy: Let's Go! To France, Dragonarium, Zombie Princess x2, Hanami, The Old King's Crown, and Senet Magazine. Carnegie is inspired by the writings of Andrew Carnegie, an industrialist and philanthropist. Xavier Georges, the designer, acknowledges the complicated and controversial realities of Carnegie's life and work and has been clear this game focuses on the positive aspects of Carnegie's life. Evoking this, players work to build up their businesses in order to donate their fortunes to invest in projects connected to education, human rights, welfare, and health.In this game, money is necessary to hire additional employees, produce goods, invest in transport technology, and build transport chains across the United States, but it is critical to continually make donations throughout the game as opportunities are limited and it is the primary way to gain victory points. Although this game is very thematic, the mechanics and related decision spaces draw you in for a very enjoyable play.Get to know us @ https://lnk.bio/BoardGameHomies

This is the final episode of our special series on the India AI Impact Summit, examining the conversations, decisions, and debates that are shaping global AI governance. This episode explores: India has a clear North Star in Viksit Bharat 2047, but what will it actually take to get there and what role does AI play? Should India focus on diffusing AI or building its own frontier research capability, and is that even the right way to frame the question? What did the working group on AI for Economic Growth and Social Good set out to do, and what is the Global AI Impact Commons designed to deliver? From skilling to last mile delivery, what stands between a great AI solution built in Bangalore and the farmer or district hospital that could benefit from it? Debjani pushes back early on one of the most debated questions in India's AI conversation. The framing of frontier research versus diffusion, she says, is simply the wrong debate. India needs to do both. Without the machinery to convert its own data into intelligence, India would be diffusing imported intelligence, with no guarantee that the channel will always remain open. Building that machinery, while simultaneously deploying AI at scale, is not a choice. It is a necessity. On the working group, the most important conversation was not about technology at all. It was about the human being. Every country in the room was still trying to figure out how to unlock AI's impact at population scale, and the group's key insight was that the world does not yet have a common standard for what impact even means. The Global AI Impact Commons, launched at the summit with over 80 stories from more than 30 countries, is designed to change that, giving countries a shared repository of real world success stories to learn from and replicate. Her advice for getting AI to the last mile draws directly from India's DPI experience. None of the platforms that reached population scale, not Aadhaar, not UPI, started with the technology. They started with the problem. The best AI, she says, is the AI that is invisible. People should not have to think about it. And that principle, starting grassroots up, keeping it simple, and keeping the human at the center, is what India's AI builders need to take forward. Every two weeks, Interpreting India brings you diverse voices from India and around the world to explore the critical questions shaping the nation's future. We delve into how technology, the economy, and foreign policy intertwine to influence India's relationship with the global stage.As a Carnegie India production, hosted by Carnegie scholars, Interpreting India, a Carnegie India production, provides insightful perspectives and cutting-edge by tackling the defining questions that chart India's course through the next decade.Stay tuned for thought-provoking discussions, expert insights, and a deeper understanding of India's place in the world.Don't forget to subscribe, share, and leave a review to join the conversation and be part of Interpreting India's journey.

On this day, 29 June 1892, workers at the Homestead Carnegie steel plant in Pennsylvania were locked out after workers refused to accept new production demands. Andrew Carnegie was determined to break the Amalgamated Association of Iron Steel Workers, in which skilled workers at the plant were organised. His plant manager, Henry Clay Frick, locked out the union workers, then sacked them on 2 July. The non-union, so-called "unskilled" workers then walked out on strike in protest. Frick brought in 300 armed Pinkerton detectives to break the strike. They did kill nine strikers, but eventually a crowd of 10,000 workers, many of them armed, repelled the attack. The workers held out until November, when the governor brought in 8,000 militia to escort strikebreakers into the plant. The dispute basically destroyed the Amalgamated Association, and enabled Carnegie to implement pay cuts and longer working hours.More information, sources and map: https://stories.workingclasshistory.com/article/10109/homestead-steel-lockoutOur work is only possible because of support from you, our listeners on patreon. If you appreciate our work, please join us and access exclusive content and benefits at patreon.com/workingclasshistory.See all of our anniversaries each day, alongside sources and maps on the On This Day section of our Stories app: stories.workingclasshistory.com/date/todayBrowse all Stories by Date here on the Date index: https://stories.workingclasshistory.com/dateCheck out our Map of historical Stories: https://map.workingclasshistory.comCheck out books, posters, clothing and more in our online store, here: https://shop.workingclasshistory.comIf you enjoy this podcast, make sure to check out our flagship longform podcast, Working Class History

For decades, colleges and universities have treated the financial aid office as a dense, back-office administrative function—a labyrinth of tax-code-like regulations to be managed out of sight. But as higher education faces a stark demographic cliff and intense competition for shrinking student cohorts, this legacy mindset is proving fatal. In this episode of An Educated Guest, host Todd Zipper sits down with Robert Heil, CEO of Financial Aid Services (FAS), to discuss why financial aid is actually the chief influencer of student yield and freshman retention.Robert breaks down the hidden risks threatening institutional survival today, highlighting a critical staffing crisis where more than half of all financial aid offices across the United States are operating at 75% capacity or less. He shares sobering data from the field, noting that under-resourced schools that fell out of Title IV compliance in 2025 faced an average of $750,000 in fines, fees, and penalties. Beyond compliance, Robert reveals the exact statistical timeline of student behavior, explaining why delaying a financial aid package past a two-week window drastically slashes a university's enrollment success.The conversation also goes macro, tackling the incoming July 1st aggregate loan limits for graduate programs and the potential of Workforce Pell to fund short-term job readiness. Finally, Robert shares his "Secretary of Education" wish list, explaining how dismantling the 120-year-old Carnegie unit framework could finally spark a wave of modern, affordable, competency-based innovation across higher education. Tune in to learn how forward-thinking institutions are leveraging financial aid as a service to drive net tuition revenue and secure operational stability.

Elon Musk is officially a trillionaire. Naturally, people are calling it yet another failure of capitalism, and I'm calling BS. I compared his wealth to Andrew Carnegie's fortune. On paper, Musk's number looks insane, but when you measure them against the total money supply of their eras, the truth completely flips. I believe we aren't seeing runaway capitalism, but we are simply measuring success with a broken tape measure. I explain why fiat is failing, why you should be mad at central banks instead of builders, and how we finally opt out. Chapters (00:00:00) - Did Elon Break Capitalism? (00:00:42) - What A Trillion Means (00:01:07) - Carnegie And Cheap Steel (00:02:12) - Monetary Base Comparison (00:03:08) - Elon's Impossible Companies (00:04:39) - Reusable Rockets Revolution (00:05:50) - Capitalism vs Fiat Failure (00:07:20) - Inflation And Fake Records (00:09:04) - Fiat Stole Your Future (00:12:12) - Bitcoin As The Exit Affiliate Links Become sovereign, hold your keys, be censorship resistant with the Bitbox hardware wallet. Get 5% off everything in the store with code GUY (Link: https://bitbox.swiss/guy/) Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from The Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1) Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy's Takes on YouTube (Link: https://www.youtube.com/@GuysTake) Guy Swann on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) References from the episode Andrew Carnegie Foundation: https://www.youtube.com/watch?v=-2MLqvHxU58 Andrew Carnegie Foundation: https://www.youtube.com/watch?v=kMJm04hoGg8 Andrew Carnegie Foundation: https://www.youtube.com/watch?v=lETFnhXVH8s BFI National Archive: https://www.youtube.com/watch?v=7Rg5vctokvw US Government: https://www.youtube.com/watch?v=_hlfqggGOZw CNN: https://www.youtube.com/watch?v=adVbaJp6n6c Bloomberg: https://www.youtube.com/watch?v=ZucUZZkIQw0 Bloomberg: https://www.youtube.com/watch?v=y5uV6qLYqMQ Tesla: https://www.youtube.com/watch?v=TszRyT8hjJE SpaceX: https://www.youtube.com/watch?v=T43sbhCKvBY Starlink: https://www.youtube.com/watch?v=-8vy3Azdv2I SpaceX: https://www.youtube.com/watch?v=hI9HQfCAw64 Dieck Docs: https://www.youtube.com/watch?v=LUE4yqAd1WU&t=439s Simpsons clip: https://www.youtube.com/watch?v=9o2Oc2g-vTk WSJ: https://www.youtube.com/watch?v=0VwIlALimNw Movieclips: https://www.youtube.com/watch?v=NQ-8IuUkJJc The Luxury: https://www.youtube.com/watch?v=7hbzW6DoSOA The Economist: https://www.youtube.com/watch?v=5i45h76ioHY WSJ: https://www.youtube.com/watch?v=0VwIlALimNw&t=68s CNN: https://www.youtube.com/watch?v=eI2HIwZT3FI Fox Business: https://tinyurl.com/fb-spacex-ipo Variety.com: https://tinyurl.com/var-spacex-ipo FinanceFeeds.com: https://tinyurl.com/ff-musk-networth Fortune.com: https://tinyurl.com/fort-spacex-ipo VisualCapitalist.com: https://tinyurl.com/vc-musk-trillionaire CNBC: https://tinyurl.com/cnbc-spacex-updates NPR: https://tinyurl.com/npr-spacex-ipo statspanda.com: https://tinyurl.com/stat-musk-history Bloomberg: https://tinyurl.com/bb-billionaires-index PurePowerPicks.com: https://tinyurl.com/ppp-musk-tracker PBS: https://tinyurl.com/pbs-steel-business IMDB: https://tinyurl.com/imdb-blockbusters Arpit Kushwaha: https://tinyurl.com/ak-madoff-scheme explorepahistory.com: https://tinyurl.com/eph-carnegie-bill Just Simple_English: https://tinyurl.com/jse-1trillion Detroit Publishing Co: https://tinyurl.com/dpc-steel-plant1 Detroit Publishing Co: https://tinyurl.com/dpc-steel-plant2 Collins Dictionary: https://tinyurl.com/cd-equity Ineteconomics: https://tinyurl.com/inet-lehman-failure NY Daily News: https://tinyurl.com/nydn-enron-hearings Alamy.com: https://tinyurl.com/alamy-ftx-sued Econovisuals: https://tinyurl.com/eco-m2-supply

This episode is part of our special series on the India AI Impact Summit, examining the conversations, decisions, and debates that are shaping global AI governance. Professor Ravindran addresses early on the perception that the India summit sidelined safety. More than 60% of the summit's events and discussions were focused on safety, trust, and cross-border collaboration. The framing shifted, and deliberately so. When the summit came to the Global South, leading with existential risk, rather than the very real opportunity AI presents to improve healthcare, education, and public services for hundreds of millions of people, would have been the wrong entry point. The two key deliverables from his working group reflect that balance: the Trusted AI Commons, a repository of benchmarks, testing protocols, and best practices designed for AI deployment in resource-constrained settings, and a high-level governance guidance note endorsed by 22 countries, that calls out the issues every national AI policy should address without being prescriptive enough to limit how different countries approach it. On frontier risks, Professor Ravindran notes that the landscape has shifted in ways that would have seemed speculative even a year ago, and that the frameworks being built to manage these risks will need to keep pace with that change. He also reflects on what the growing concentration of the most capable AI models means for countries like India, and why that conversation may need to move from being a company-to-country dialogue to a country-to-country one. His overall view is one of cautious optimism: there will be disruption in the short term, but there will also be a new equilibrium, and the work is to make sure the transition is managed well.Episode Contributors Professor Balaraman Ravindran heads the Department of Data Science and AI at IIT Madras. He is also the Founding Head of the Wadhwani School of Data Science and AI (WSAI), Robert Bosch Centre for Data Science and AI (RBCDSAI), and Centre for Responsible AI (CeRAI) at IIT Madras. He has more than three decades of experience working in reinforcement learning, and his research interest spans responsible AI and deep RL.  Nidhi Singh is an associate fellow at Carnegie India. Her current research interests include data governance, artificial intelligence and emerging technologies. Her work focuses on the implications of information technology law and policy from a Global Majority and Asian perspective. She has previously contributed to the Indian Express, The Secretariat, Medianama and HinduBusiness Line. Every two weeks, Interpreting India brings you diverse voices from India and around the world to explore the critical questions shaping the nation's future. We delve into how technology, the economy, and foreign policy intertwine to influence India's relationship with the global stage.As a Carnegie India production, hosted by Carnegie scholars, Interpreting India, a Carnegie India production, provides insightful perspectives and cutting-edge by tackling the defining questions that chart India's course through the next decade.Stay tuned for thought-provoking discussions, expert insights, and a deeper understanding of India's place in the world.Don't forget to subscribe, share, and leave a review to join the conversation and be part of Interpreting India's journey.

This week on Sinica I'm joined by Robert Wright, author of The Moral Animal, Nonzero, and The Evolution of God, for a conversation that runs a little outside our usual beat, though China sits closer to its center than you'd expect. The occasion is his new book The God Test: Artificial Intelligence and Our Coming Cosmic Reckoning, which reads the AI revolution as the latest turn in a story going back billions of years. We get into the French Jesuit paleontologist Teilhard de Chardin's "noosphere," Bob's argument that we evolved large language models rather than engineered them, the cognitive empathy we've both long preached, and the two-word talking point — "But China!" — that Bob thinks is most likely to lead us astray.6:56 – Teilhard de Chardin, the noosphere, and why a planetary "global brain" has become necessary14:49 – Directionality without the mysticism: complexification, teleology, and the "cell's-eye view" worry21:57 – The God Test: is moral progress really the price of governing AI, and is that hopeless on a short clock?28:33 – Why Bob says we evolved large language models rather than built them, and the sycophancy problem that follows35:19 – Open weights and open source: a real safety argument, or competitiveness in safety's clothing?40:03 – Cognitive empathy as the master key, and the same capacity as an engine of deception48:06 – Arms-race fatalism and its limits: cheetahs, gazelles, and the rival who can pick up the phone53:40 – "But China": fear of Beijing, Anthropic and Amodei, Jeff Ding, and the chip-control backfire1:10:48 – Nonzero: game theory, common threats, and the takeoff scenarios that worry Bob most1:23:22 – Attribution error and projection, Ed Fredkin's old warning, and the actual first movePaying It Forward: Garrison Lovely, author of the forthcoming Obsolete (Nation Books) and the Substack of the same name on the AI race.Recommendations:Bob: Pantheon, the animated series on uploaded minds and emergent superintelligence; and the Crowded House song "Don't Dream It's Over."Kaiser: Kyle Chan's High Capacity podcast, especially his episode with Carnegie's Matt Sheehan, "Is China Getting Worried About AI?"; and Patrick O'Brian's Aubrey-Maturin novels.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Carnegie Awards take place on 23 June, and to celebrate, this special episode of BookQuest features two authors shortlisted for the 2026 Carnegie Medal for Writing. Rob Harrell joins the show to discuss his funny and heartfelt novel about a boy trying to survive a disastrous school picture day while juggling anxiety, family worries, and a series of increasingly chaotic mishaps. JP Rose also features with a thoughtful and moving story exploring friendship, identity, and what it means to find your place in the world when everything around you seems to be changing.Join Fun Kids Podcasts+: https://funkidslive.com/plusSee omnystudio.com/listener for privacy information.

The Hawkeyes have added three talented transfers to help fuel the next chapter of Iowa Women's Basketball, and two of them join this week's Fight for Iowa Podcast.Former Georgia standout Dani Carnegie and veteran defender Amari Whiting discuss what led them to Iowa, their first impressions of Iowa City, and why playing for Jan Jensen made the Hawkeyes the right fit.Carnegie, a First Team All-SEC selection who averaged 18 points per game last season, reunites with former Georgia teammate Chit-Chat Wright and brings a dynamic scoring presence to Iowa's backcourt. Whiting arrives with a reputation as a fearless defender and high-IQ player after stops at Oklahoma State and BYU.The pair share their early experiences on campus, expectations for the upcoming season, and excitement about playing in front of the passionate fans at Carver-Hawkeye Arena.Plus, a look at Iowa's third transfer addition, former Georgia Bulldog Jocelyn Faison, as the Hawkeyes continue building a roster ready to compete in the Big Ten.Listen as the newest Hawkeyes begin their journey in black and gold. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

America turns 250 this year, and the steel that built the modern nation was forged on the banks of the Monongahela. In Part 2 of our three-part series on 250 years of American manufacturing, Scott Paul tours the Carrie Blast Furnaces in Pittsburgh with Ron Baraff of Rivers of Steel. They trace how the region's last pre-WWII blast furnaces poured thousands of tons of iron a day for Carnegie's Homestead Works across the river; how the Bessemer converter made steel cheap and scalable enough to raise skyscrapers, lay railroads, and float a navy; how steel jobs forged the American middle class and drew Black workers north in the Great Migration; and why the lessons of this “man-made volcano” still matter as America fights to bring manufacturing home.

Is Vietnam quietly drifting into China's orbit, and what does that mean for the United States and the future of Southeast Asia? Dr. Nguyễn Khắc Giang explains why Hanoi is hedging harder than ever because, as the Vietnamese saying goes, "when the buffaloes and oxen lock horns, the mosquitoes and flies suffer."In this episode, Ray Powell and Jim Carouso sit down with Dr. Giang, Visiting Fellow at the ISEAS-Yusof Ishak Institute, to unpack his provocative Carnegie essay, "Why Vietnam Is Swinging in China's Direction." Giang argues that Vietnam isn't becoming pro-China, it's hedging in a world where US policy feels unpredictable and China is offering concrete benefits: market access, infrastructure, technology, and political reassurance.The conversation moves from geopolitics to economics: US tariffs, transshipment concerns, Vietnam's export boom, and the risk of being crushed between Washington and Beijing. Giang explains Vietnam's delicate formula: stay close enough to China to manage the relationship, but distant enough to preserve its independence.Ray and Jim also dig into Vietnam's defense strategy and its slow move beyond Russian weapons, then go inside Vietnamese politics under General Secretary Tô Lâm, whose consolidation of power is making foreign policy faster, more personal, and more ambitious.In this episode:Why Vietnam is one of Asia's most important "swing states"US tariffs, transshipment, and Vietnam's export boomChina's high-speed rail and technology offerVietnam's arms diversification beyond RussiaTô Lâm's consolidation of power and the "Blazing Furnace" anti-corruption campaignVietnam's reaction to the Trump-Xi summitSubscribe for weekly Indo-Pacific analysis from a former US military officer and a former US diplomat who've spent their careers in the region.Follow Dr. Nguyễn Khắc Giang on LinkedIn or on X, @khacgiangFollow us on X, @IndoPacPodcast, LinkedIn, or FacebookFollow Ray Powell on X, @GordianKnotRay, or LinkedIn, or check out his maritime transparency work at SeaLightFollow Jim Carouso on LinkedInSponsored by BowerGroupAsia, a strategic advisory firm that specializes in the Indo-Pacific

La Center resident Tim Petta draws a line from JP Morgan, Carnegie, and Rockefeller to Camden and Mac Spiller in Battle Ground — arguing that industrialists who created jobs, gave philanthropically, and reinvested in their communities built something worth repeating. https://www.clarkcountytoday.com/opinion/letter-what-made-and-can-make-america-great/ #Opinion #BattleGround #LaCenter #ClarkCounty #CamdenSpiller #MacSpiller #AmericanHistory #Philanthropy #ClarkCountyToday #Letters

Most entrepreneurs and business leaders are missing the huge potential of AI because they're stuck in deterministic thinking—or risking catastrophic mistakes by ignoring probabilistic tools. Christian Torres, founder of Stark Analytics, shares his extraordinary journey from solitary confinement to pioneering decision models that leverage AI's full power. He reveals how small businesses can build their own AI "advisory boards"—inspired by the masters like Edison and Carnegie—to pressure-test ideas, surface unseen opportunities, and make smarter decisions in real time.In this episode, you'll discover: How a decade in prison became Christian's forge for mastering analytics and AI-driven decision-making. Why today's shift from deterministic spreadsheets to probabilistic AI tools is a game-changer for leaders. The emerging roles of AI orchestrators and human collaborators—and why emotional intelligence (EQ) becomes more critical than ever. Practical frameworks for building AI-powered decision systems that cut costs, increase agility, and avoid costly errors. How to leverage multiple AI tools to create a “shadow cabinet” of expert personas that challenges your assumptions—just like Napoleon Hill's invisible counselors. You'll learn why ignoring these changes risks falling behind in a fast-evolving landscape. Those who embrace the new AI paradigm can pressure-test ideas, innovate faster, and set the stage for a future where human intuition and AI's probabilistic insights work hand-in-hand. Whether you're a startup founder, executive, or curious thinker, this episode is essential listening to understand how AI can elevate your decision-making—not replace it.Christian Torres is the founder of Stark Analytics and a pioneer in decision intelligence systems. His insights come from a mix of real-world experience and cutting-edge AI strategy, helping him craft scalable, actionable frameworks for businesses at all levels.If you're ready to ditch outdated models, harness the true potential of AI, and prepare for the disruptive wave shaping industries—this conversation is your roadmap. Don't get left behind—listen now and start building your AI-powered future today.

Most people say they can't find the right mentor. The truth? They're not ready — and they're not qualifying. In this episode of the Abundance Mindset Podcast, Vinney Chopra and co-host Gualter break down Wealth Principle 30: learn to attract the right mentors.   Vinney shares the full origin story — arriving in America with just $7, knocking on doors 13 hours a day selling Bibles and encyclopedias for the Southwestern Company, and how seven books became his first mentors. He tells the story of his 40-year mentor, billionaire Spencer Hayes, whose business card simply read "Salesperson." Then he gives you the practical framework: how to qualify a mentor, how to make yourself worthy of one, and why "if the man is right, the world is right."   If you're building in real estate, raising capital, or just trying to get to the next level — this one's for you.   ⏱️ Timestamps 00:00 — "When the student is ready, the mentor appears" 00:50 — Wealth Principle 30: attract the right mentors 01:20 — Inside the 9-year mastermind (4 PM PST Wednesdays) 01:50 — Arriving in America with $7 — a Hindu man selling Bibles 02:30 — The 7 books that became Vinney's first mentors (Peale, Rohn, Carnegie, Dyer, Kiyosaki) 03:00 — 80-hour weeks knocking on doors in Atlanta 04:00 — Closing the engineering career: "I'm a salesperson at heart" 04:30 — Spencer Hayes: the billionaire mentor and the Park Avenue penthouse 06:00 — The business card that just said "Salesperson" 06:40 — Vinney's 5 books (including Hospitality Investing Made Easy) 08:00 — How to actually qualify a mentor (do they have the track record?) 09:00 — Introspection: finding the need within 10:00 — "If the man is right, the world is right" — the puzzle story 12:00 — Being open and worthy enough to be mentored 13:00 — Don't give up + the Tony Robbins lesson 13:30 — Find the top mentors in your business and study their path 14:30 — Hospitality is the name of the game right now 15:00 — "Bring the seed, not your need"  

Pooja opens with a mismatch that frames the entire conversation. India consumes around 20% of global internet traffic but accounts for just 2% of global subsea cable infrastructure. Even with the expansion of landing stations currently underway, the gap between India's digital ambitions and its physical cable footprint is significant. Part of this is historical: cable infrastructure was concentrated in Mumbai and Chennai, and building it out is prohibitively expensive. Part of it is structural: the raw materials, the technology, and crucially the cable-laying ships that make all of it possible are controlled by a very small number of countries. On the question of China's expanding footprint, Pooja draws out a tension that runs through the whole conversation: private cable companies are driven by cost and scale, and will naturally gravitate towards cheaper components and partners regardless of where they come from. Sovereign concerns around espionage, trusted supply chains, and national security are a different conversation entirely, and the two do not always find a common language easily. This is where the idea of trusted networks becomes important, frameworks built around like-minded partners who share a common understanding of hardware standards, legal norms, and jurisdictional protections. Australia's approach of using its Exclusive Economic Zone provisions to protect cable infrastructure is one model Pooja thinks India should take seriously and preliminary discussions suggest it already is. On Quad, Pooja notes that the cable connectivity and resilience partnership launched at the Leaders' Summit was significant, and there is work happening beneath the surface even if it is not attracting media attention. She concludes by suggesting that more clarity from the government on where India stands on subsea cables, which bodies are responsible, and the national approach will help the broader conversation, especially aiding relevant stakeholders reach out to the right people within the government. That clarity, she argues, is the essential first step. Every two weeks, Interpreting India brings you diverse voices from India and around the world to explore the critical questions shaping the nation's future. We delve into how technology, the economy, and foreign policy intertwine to influence India's relationship with the global stage.As a Carnegie India production, hosted by Carnegie scholars, Interpreting India, a Carnegie India production, provides insightful perspectives and cutting-edge by tackling the defining questions that chart India's course through the next decade.Stay tuned for thought-provoking discussions, expert insights, and a deeper understanding of India's place in the world.Don't forget to subscribe, share, and leave a review to join the conversation and be part of Interpreting India's journey.

I was wrong and I admit it .... this is the real OG self help book.Today I dive into James Allen's 'As a Man Thinketh' (paired in my edition with From Poverty to Power) and it still lands today. It's short, punchy and refreshingly non-woo-woo with clear calls to personal responsibility, character-building and right thought leading to right outcomes. I read standout quotes, reflect on how its agnostic tone (with light biblical echoes) keeps the focus on self-mastery and share how it inspired me to become better. I also highlight where From Poverty to Power lost me (preachier with some outlandish claims about illness and sin) while acknowledging Allen's hard-earned optimism given his tough life story. Overall verdict: skip Poverty To Power, but As a Man Thinketh is a timeless, motivating read that influenced Hill, Peale and Carnegie. If you got value from the podcast please provide support back in any way you best see fit!Timeline: (00:00:00) Intro(00:02:16) Core premise: thoughts shape character and outcomes(00:05:40) From Poverty to Power: preachiness and sermon feel(00:13:22) Author profile: James Allen's hard‑earned optimism(00:16:12) Overall take: the real OG of self‑help(00:18:39) Value for Value, feedback and support(00:19:27) What's next: upcoming reviews and schedule Connect with Mere Mortals:Website: https://www.meremortalspodcasts.com/Discord: https://discord.gg/Xs9DjsurFqTwitter/X: https://twitter.com/meremortalspodsInstagram: https://www.instagram.com/meremortalspodcasts/TikTok: https://www.tiktok.com/@meremortalspodcastsValue 4 Value Support:Website: https://www.meremortalspodcasts.com/supportPaypal: https://www.paypal.com/paypalme/meremortalspodcast

Andrew Carnegie did not believe philanthropy was simply about relieving immediate need. He believed it was about creating opportunities that could create generational change. In this special episode, we look at how Carnegie's philosophy shaped modern giving through libraries, education, research, and long-term investment in human potential. Challenging nonprofits to think beyond short-term charity and ask a harder question. Are we only responding to problems, or are we helping people escape them? A reflection on wealth, responsibility, and the deeper purpose of philanthropy.

What if the problems in public school weren't accidents? What if low literacy rates, changing math standards, social emotional learning, and ideological curriculum were all part of a plan that started over a hundred years ago?This week Cheryl sits down with Nicki Truesdell — a second generation homeschooler who has been in the homeschool world since 1983 and has been homeschooling her own five kids since the year 2000. Nicki is the author of Anyone Can Homeschool and Home Sweet Homeschool, and runs Knowledge Keeper's Bookstore where she reprints rare out-of-print American history books to get the real story back into people's hands.In this episode they break down three books every parent needs to read:The Underground History of American Education by John Taylor GattoCrimes of the Educators by Alex Newman and Sam BlumenfeldThe Marxification of Education by James LindsayYou'll learn how the American education system was deliberately redesigned in the early 1900s by the Rockefellers, Carnegie, and the Education Trust to produce workers instead of thinkers — and how that agenda is still playing out in classrooms today through critical pedagogy, SEL, Common Core, and lowered test standards.Nicki also shares how she homeschooled as a single mom, why she believes homeschooling is the capitalist form of education, and how homeschool parents are learning the real version of American history right alongside their kids.If you've ever wondered whether pulling your kids out of school was the right call — this episode will remove any doubt.Connect with Nicki -- ⁠YouTube: https://www.youtube.com/@nickitruesdell1 Podcast: https://podcasts.apple.com/us/podcast/the-nicki-truesdell-podcast/id1798330030Homeschool 101⁠ https://nickitruesdell.com/homeschool-101/ ⁠Homeschool Consultations⁠ https://nickitruesdell.com/homeschool-consulting/ ⁠  Get her books:⁠Anyone Can Homeschool⁠ on Amazon, Kindle, and Audible! https://amzn.to/4fnSWs8Home Sweet Homeschool on Amazon and Kindle https://amzn.to/4qY4zMbKnowledge Keepers Bookstore: https://knowledgekeepersbookstore.com/ FARM FOOD FREEDOM Event: https://maxkane.com/eventsResources from Cheryl:

NYPTI Decisions on the Go Read the full decision on NYPTI Law: https://decisions.nypti.org/Search/ViewItem?file=2026.03379 Listen to the full oral argument here: https://youtu.be/-PxuEKc88iw

Jaspreet's framing for the AI and work debate is worth staying with. He is not dismissive of disruption: he thinks AI will destroy certain jobs, create new ones, and the rupture will be real. But he pushes back on the idea that job destruction is the right frame. The more useful question, he argues, is what happens to workers, and the answer to that depends almost entirely on whether people develop the skills to move into the roles that AI creates rather than the ones it displaces. His reference point is the IT sector itself, an industry born out of the last great technology disruption, when fears about computers eliminating clerical work gave way to an entirely new economy of higher-paying, more fulfilling jobs. The same logic, he believes, applies now. The bulk of the conversation settles on AI literacy, a concept Jaspreet distinguishes sharply from training. Training teaches you how to use a specific tool. Literacy gives you the grammar to work with any tool, across any context. He lays out a five-step framework from his book, reads, writes, ads, thinks, does, designed as a practical ladder for building that literacy, and is candid that even three years after ChatGPT, most organizations have brought the horse to the water without making it drink. On the policy side, he is supportive of initiatives like AI in school curricula and IIT fellowships, but his bigger ask is that India treat AI the way it treated digital public infrastructure: as a genuine national mission, not a sectoral initiative. On deepfakes and copyright, his view is pragmatic: deepfakes are a known evil that needs specific, exemplary regulation rather than an omnibus AI law, and copyright will likely resolve through a combination of revenue sharing agreements and citation norms, neither side fully satisfied but better than where things stand today.Episode ContributorsJaspreet Bindra is the founder of AI&Beyond and The Tech Whisperer, and author of 'Winning with AI: Your Guide to AI Literacy.' He has served as the group chief digital officer at the Mahindra Group, as a regional director at Microsoft India, and as a general manager in the Tata Group as part of the select Tata Administrative Services. He was also a member of the founding team at Baazee.com, which later became eBay India.Adarsh Ranjan is a research analyst at Carnegie India where his research focuses on AI and emerging technologies, digital transformation, and technology partnerships. His current research explores India's evolving policy on AI compute and digital transformation in Global South countries.Timestamps 00:08 Introduction to AI and India's Future 03:15 AI's Impact on Work and Adoption Trends 11:50 Job Transformation vs. Job Destruction in IT 16:06 The Importance of AI Literacy 21:55 Framework for AI Literacy 28:32 Challenges in AI Adoption 32:02 Government Initiatives for AI Education 35:38 Ethics in AI: Deepfakes and Copyright Every two weeks, Interpreting India brings you diverse voices from India and around the world to explore the critical questions shaping the nation's future. We delve into how technology, the economy, and foreign policy intertwine to influence India's relationship with the global stage.As a Carnegie India production, hosted by Carnegie scholars, Interpreting India, a Carnegie India production, provides insightful perspectives and cutting-edge by tackling the defining questions that chart India's course through the next decade.Stay tuned for thought-provoking discussions, expert insights, and a deeper understanding of India's place in the world.Don't forget to subscribe, share, and leave a review to join the conversation and be part of Interpreting India's journey.

This episode originally aired on July 5, 2025. From Apple News In Conversation: Americans have a long history of obsession with the ultrarich, from Carnegie and Rockefeller to Bezos and Musk. And today, the gap between the rich and the poor is bigger than ever as the billionaire class has ascended to new heights. In his book, The Haves and Have-Yachts, New Yorker staff writer Evan Osnos explores the extravagant lifestyles of the wealthy and their outsize influence on politics. He sat down with Apple News In Conversation host Shumita Basu to talk about this unique moment — when billionaires are both resented and envied by the public — and what it means for the rest of us.

Episode No. 759 of The Modern Art Notes Podcast features curator Sarah Humphreville. With Eric Crosby, Humphreville is the co-curator of "Gertrude Abercrombie: The Whole World is a Mystery." The exhibition surveys Abercrombie's synthesis of surrealism, landscape, portraiture and still-life, and is the most comprehensive presentation of the artist's work to date. It is at the Milwaukee Art Museum through July 19. An excellent catalogue was co-published by the Carnegie, Colby, and DelMonico Books. Amazon and Bookshop offer it for $50-55. Instagram: Sarah Humphreville, Tyler Green. Air date: May 21, 2026.

This episode originally aired on July 10, 2025. Americans have a long history of obsession with the ultrarich, from Carnegie and Rockefeller to Bezos and Musk. And today, the gap between the rich and the poor is bigger than ever as the billionaire class has ascended to new heights. In his book, The Haves and Have-Yachts, New Yorker staff writer Evan Osnos explores the extravagant lifestyles of the wealthy and their outsize influence on politics. He sat down with Apple News In Conversation host Shumita Basu to talk about this unique moment — when billionaires are both resented and envied by the public — and what it means for the rest of us.

What if the biggest culture war in America wasn't a grassroots revolution at all… but a system designed to keep ordinary people divided while the people at the top quietly consolidated more power than ever before? In this episode of Keeping It Real, Jillian dives into the hidden history behind modern DEI, identity politics, Cold War influence operations, and the institutional networks that shaped today's corporate and academic culture. From declassified CIA programs and Senate investigations to the Ford, Rockefeller, and Carnegie foundations, this is the hidden history of modern DEI. This episode follows the paper trail through the Cold War, the CIA's “Mighty Wurlitzer” propaganda network, McGeorge Bundy, the Ford Foundation, and the rise of the Black Panthers — whose free breakfast programs, health clinics, and cross-racial Rainbow Coalition threatened to unite working people around class and economic power. J Edgar Hoover and the FBI actually went after Fred Hampton because message wasn't Black vs. white. It was poor people vs. concentrated power. And according to Hoover that was more dangerous than riots and civil unrest. From the Congress for Cultural Freedom and foundation-funded activism to the rise of corporate HR culture and modern diversity bureaucracy, this episode explores how class-based populism may have been replaced by institutionalized identity management designed to absorb outrage without ever threatening the underlying power structure. You'll hear about: The CIA's “Mighty Wurlitzer” influence network Declassified Cold War psychological operations The Ford, Rockefeller, and Carnegie foundations connection to intelligence agencies How J Edgar Hoover's FBI went after the Black Panther Party and Fred Hampton's Rainbow Coalition Why cross-racial working-class solidarity terrified elites The Congress for Cultural Freedom and “managed dissent” How DEI became embedded in universities and corporations Why corporate activism exploded while inequality worsened The psychological mechanics of division and outrage politics How media, bureaucracy, and identity conflict distracts from corruption and economic power #DEI #CIA #FordFoundation 00:00 INTRO 00:48 DEI Was Started By The CIA 01:47 Ford Foundation & The CIA 02:51 The Mighty Wurlitzer: Engineering "Organic" Propaganda 03:56 Funding the "Housebroken" Left 06:06 Laundering Ideology Through Foundations (Ford, Rockefeller, Carnegie) 07:28 John J. McCloy and the CIA-Ford Foundation Merger 08:29 How Massive Endowments Provide Cover for Black Budgets 10:11 The "Long Leash": Seducing Intellectuals Over Defeating Them 12:38 Dummy Foundations 14:04 Thomas Braden: Controlling American Radicals 15:55 Case Study: Infiltrating the Labor Movement and Churches 17:02 The Hypocrisy of Institutional Leaders 18:47 McGeorge Bundy and the Strategy of Social Stability 20:06 Black Panters Fred Hampton and the Threat of the Rainbow Coalition 23:28 Unity is the Danger: Replacing Populism with Grants 26:34 Carnegie's Capture of Universities 29:44 Self-Reproducing Ideology in the Corporate Workplace 31:38 Interpersonal Conflict as a Substitute for Accountability 34:01 Divide, Conquer, and the Path to Solidarity Shopify: Launch your dream business with Shopify. Sign up for your $1/month trial at https://Shopify.com/Jillian and start selling today! Superpower: Stop guessing about your health—get $20 off Superpower at https://superpower.com/JILLIAN with code JILLIAN Fox One: Sign up at https://fox.com to watch Keeping It Real and more on-demand with FOX One. Learn more about your ad choices. Visit megaphone.fm/adchoices

Keith breaks down why real wealth is built through concentration, not diversification and explains how focusing on one main vehicle—like a specific real estate strategy, business, or career niche—creates the expertise and asymmetric returns diversification can't.  He also clarifies that diversification isn't useless; it's most powerful later in life as a wealth preservation tool, not a wealth builder. Contrasting building wealth with simply earning a living, showing why specialization is the key to higher income.  Finally, he highlights the one area where diversification truly shines: your relationships and network, which provide resilience, perspective, and long-term support. Episode Page: GetRichEducation.com/605 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, is wealth built through diversification or concentration? There is one clear answer. Then, in five year age increments, how should you think about wealth building and real estate at age 2025, 3035, and so on, all lay out each one today on get rich education.   Keith Weinhold  0:26   Flock homes helps multi family owners exit the operator grind, whether it's your six Plex or a 50 unit apartment through a 721 exchange, this defers your capital gains tax. It's a strategy long used by institutions. Now you can swap tenants and toilets for passive income and zero management request your initial valuation, see if your property qualifies at flock homes.com/gre, that's F, l, O, C, K, homes.com/gre,   Speaker 1  0:59   you're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:15   Welcome to GRE from Buffalo New York to Buffalo Wyoming and across 108 nations worldwide. I'm Keith Weinhold. You're listening to get rich education. I am back here with easy to understand language to help you learn why and how real estate has made more ordinary people wealthy than anything else, and in your personal path to wealth building, how do you think that wealth is achieved is it through diversification or concentration? Because there is a clear cut answer. There is no squishy wishy washy, a little of this and a little of that, or no major exceptions. No gray area here. And it's interesting because I have a CFA friend, that means chartered financial analyst who's really smart and really well trained, and yet he seems confused by this. We disagree on this one straight away. Do you think that you're going to build wealth if you diversify or if you concentrate? And if you're still undecided here, I'll give you a hint. I'm going to ask this integral question one last time and stress a word in this sentence for you. This could really help you out. Is wealth built through diversification or concentration? With that emphasis on built accumulated? The answer is that overwhelmingly, wealth is built through concentration, not diversification. Most people who actually create any really meaningful wealth, they didn't go sprinkle a little money everywhere. Instead, they really focused hard on one thing, whether that thing was a business or a career niche or a narrow set of high conviction investments or a specific real estate strategy, for example, single family rentals or self storage facilities or assisted living homes. And why? Well, because concentration amplifies your upside. It lets you develop expertise which gives you an edge over everybody else, and it's what turns average returns into asymmetric ones. Think about how Warren Buffett made massive gains early with concentrated bets. Or how Jeff Bezos went all in on just a few ventures, or Sarah Blakely on just a few ventures. Those that say don't put all your eggs in one basket, well, all right. I mean, you can look at the world that way, that is a diversification path. Though you're going to end up working full time until you're age 68 and you'll probably be safe and you might just have a sound retirement, but you have done so much trading away of your time in your best years for dollars. I mean, that's it. That's not a wealthy path. Your employer wants you to invest any of your extra income in a diversified way so that you're not going to build enough wealth to leave that employer early. And yes, we're back to the old Andrew Carnegie. Put all your eggs in one basket and then really watch that basket. Carnegie's concentration was in the steel industry, wealth. That's what we're talking about here, like something outstanding, extraordinary, not just a good enough retirement nest egg. Maybe real wealth is built through concentration. This is why we concentrate on one thing here on this show. Largely real estate investing, because you don't build wealth from diversification. All right now, yes, there could be a little diversification even inside residential real estate investing, say, maybe you want to get into three markets. Call it Atlanta, Indy and Kansas City. But overall, that is still concentration in residential real estate investing. And if you want to be outstanding, you have got to embrace the heterodox, meaning a departure from the Orthodox. Orthodoxy is spreading all your money around in, say, the s and p5 100 index, we're almost guaranteed then to get a pedestrian like outcome. And now look, once you've built something and you've got something to protect, which is however you've decided to build your wealth through concentration, oh, now that's when the game changes. You'll probably best protect your wealth, not build it protect what you've built through diversification that being done when you're older. And what diversification does for you is that it reduces your downside risk, it smooths volatility, and it prevents a single mistake from wiping you out. So at this stage, you're no longer trying to win big. You're just trying not to lose big. The mistake most people make is that they diversify too early, and that usually ends up leading to mediocre returns, no real expertise, and these sort of portfolios that are busy but not wealthy, it's sort of like planting 20 seeds and then not watering any of them enough.   Keith Weinhold  6:47   All right. So here's a smarter progression across your investing life. In your early stage, which is your wealth building phase, you want to concentrate your time, your energy, your capital, you want to build skill and conviction, and then you want to take calculated asymmetric bets after, say, 10 or even 20 years of that, you enter the mid stage. That's where you'll start spreading across related areas, for example, multiple property types, but still in markets that you understand. And then finally, after 10 or 20 years of this mid stage, it is later stage, which is wealth preservation only. Then is where you diversify broadly across asset classes and all sorts of geographies. And then you protect yourself against tail risks. So the bottom line is that concentration creates wealth, diversification preserves it. If you try to flip that order, you are going to stay stuck. And if you're young and you're still diversified, and you might think you're okay, and you even project that you're going to have something built up, like, say, $8 million in retirement. If you just keep this up, what you've just done is that you're making my point for me, because 8 million, that is not going to be an outstanding amount at all by the time you reach conventional retirement age, you had better flip to concentrating in something, whether it's residential real estate or data center construction or pressure washing. All right, so that was wealth building. Now, how about instead of wealth? Say that you're trying to make a living, all right, this is a different subject. Now, if you're trying to earn a living, should you diversify, or should you concentrate? How do you make a good living? Which is working at your day job? That's what we're talking about here. Now, once again, the answer is, through concentration, not diversification. We became a society of specialists by the Industrial Revolution 200 years ago, if not sooner, making a good living that comes from being valuable at something specific, not average at a whole bunch of things. One strong income engine beats five weak ones. Depth pays more than breadth. People are willing to pay you for expertise, not for dabbling around. This is whether it's a niche in real estate or a specific profession or a focused business model, you need one thing that reliably throws off good income and a little story here. I don't want this to be disparaging to Uber drivers, because I appreciate what they do and where they drive me. But I recently had an Uber driver. It happened to be in Hollywood, and this uber driver is also a stand up comedian there in West Hollywood. Well, those are two very diverse activities, driving and being a comedian, and that tells me something he's not a very successful. Stand up comedian. If you try to diversify too much, your attention gets split, your skill development slows, and your income plateaus at just okay. Now I'm fortunate enough to have had some good success at what I do, real estate investing, and then talking about real estate investing with you here, that is my specialty, my concentration. I don't mow my own lawn. A specialist does that. I don't shovel my own snow. A specialist with all the right equipment and all the expertise does that. I don't do my own accounting. Now in what feels like a previous life to me, when I used to work a day job for the Department of Transportation, and there were problems with paving a specific type of asphalt on the roads in cold weather, a specific specialist would fly out to help us troubleshoot that. He was a high paid consultant, because he is in a niche that's very tiny. So when it comes to the matter of making a living, where diversification fits is once your primary income stream is stable and predictable, well then maybe you could add a second complementary stream, and not something that's random, build redundancy so that you're not fragile. But just think of that as a backup engine. You don't want to think in terms of 10 side hustles. For an example, a real estate investor adds another market or a strategy, a w2 professional well, they had maybe one serious side income, and that's just a matey. Surely not six apps and gigs if you're out there chasing everything, then you are going to earn less. And now that I've discussed how you want to concentrate, not diversify if you want to build wealth, and you also want to concentrate not diversify if you want to make a good living, well then you might wonder, gosh, does diversification have any place in my life? Is there any life facet at all where diversification gives you an advantage? Yes, there definitely is. Do you have any idea where diversification helps you as you look at all areas of your life, because there is one clear cut place, and that is relationships. Yeah, whether it's romantic relationships, like dating a potential spouse or in the broader sense, I mean, when you met your eventual husband or wife, it's not very likely that you impress them by going deep on some nuance that has to do with asphalt paving, or how you or how you increase your cash on cash return with management efficiencies on your single family rental portfolio in Little Rock Arkansas,   Keith Weinhold  12:57   In relationships, you become attractive to people because you can say, show a soft side, or be a good listener or know how to dance a little all while you can make a good living a diversified relationship portfolio. Now for you, that might mean having close friends for fun and honesty and a professional network for opportunities and perspective, and you might have a mentor or two in your life for guidance, and then you've got family relationships for roots and support. So every one of them plays a different role, and that way, no single relationship has to carry everything and what this protects you from is having just one friendship. You don't want that, otherwise, your whole social life can collapse. It protects you from a career setback, because you'll still have emotional support. Having diverse relationships prevents you from falling into echo chambers. Instead, you're going to get better, broader thinking. So having diversification in relationships that is basically risk management for your life and in this life, facet smart diversification makes you resilient. It makes you grounded. It makes you harder to knock off course. So let's review here in relationships, diversify to build wealth, concentrate and to make a good living, concentrate. And with that said, you know, if you want to get mega, mega wealthy, like stupid rich, let's just call that a billionaire with the letter B, if you want to reach that level, then I don't think that investing in rental property is the fastest or the best way to get there, although it can give you a good start. And then what's the point of this show? The point is that real estate investing is the most proven way to build wealth when you concentrate on it. If you want enough net worth and income so that you never have to work again all while you're still young enough to enjoy it, direct investment in real estate. Hey, that's great. If you want to get up to the $10 million net worth level, or even to say, $50 million that is totally doable. And the good news is that it's almost inevitable if you apply yourself and yes, concentrate, because that's all most people want, options and freedom. Those words are often a proxy for wealth. But if you're trying to get on the Forbes list of the world's wealthiest 100 people or whatever, which is where you need to concentrate on a novel business idea. All right, you can go for that, and then your risk of failure goes up substantially. You might even reach the billionaire level. As a real estate investor, more likely the DECA or the Centa millionaire level. But there are other ways of doing that outside of real estate. Real estate investing is great if you want to get sort of regular wealthy. Maybe even say that can be as little as 15 million or 25 million plus when you're young enough to enjoy it. And you know even half or 1/3 of those levels are enough as a freedom number for most people. With all that said, when you concentrate to build wealth, you do have to pick a proven vehicle. You can't say you're going to concentrate on sports gambling or prediction markets like call sheep or polymarket. They are not proven wealth building vehicles. Most people lose money on Poly market if you've wagered your mortgage that Mr. Beast is going to be the next President of the United States, perhaps reconsider that approach. In fact, according to an analysis that Bloomberg just performed, nearly every poly market trader either loses money or they make little or no profit. More than 100,000 accounts lost $1,000 since the start of last year, and that is twice the number of accounts that made at least $1,000 in aggregate, traders lost $131 million on this prediction market over that time, the tiny number of accounts that make lots of money appear to be mostly bots. That's what Bloomberg found. And there was a separate study that found that since 2022 69% of traders lost money, while three quarters of total profits were won only by the top 1% of users. So gambling, wagering, this speculation, it is not a proven vehicle, and it's not the same as investing. The cleanest way to think about the difference is that investing means putting money into something that produces value over time. Instead, gambling means putting money at risk on an outcome that you cannot influence, usually with a negative edge. And gosh, one reason that this is on my mind is, you know how I recently shared with you that I stayed at the Bellagio in Vegas. I didn't gamble at all. And in fact, I don't even know if I'm going to stay there again. That's just not congruent with who I am. But I marveled with my mouth agape when I watched a few games at the roulette wheel. Yeah, you're allowed to watch if you're not gambling. A typical scene is that perhaps five players were wagering their chips at the roulette wheel. Now the way it works is that the casino, they often have two and sometimes three of their own staff, like uniformed employees, that are there facilitating and monitoring the roulette wheel. I mean, look right there, if the casino is paying two or three staff members to facilitate the roulette wheel, well, the player should know that the odds are tilted against them. I mean, those casino dealers make, you know, they usually just make 50 to 70k a year with tips, all right, well, so the house needs to have enough of an advantage to pay their employees that are at that table and still profit. And they sure do profit. If you don't understand the game, when you play roulette, you can basically either wager that the ball is going to land on either red or black, but two of the 38 spaces on the wheel are green. They benefit the house directly. So with every bet that a player makes, they've got 18 winning spots and 20 losing spots. This is why roulette, like most gambling schemes, is for losers. And this roulette metaphor, I mean, this is a easily intuitive example for How the house has the advantage, whether it's the DraftKings app on your phone or it's a physical in person Casino. And look, I had another Uber driver recently. Yeah, lots of Uber drivers in my life lately, as I've been traveling in Pennsylvania, New York, California and Nevada, all right, interestingly, this uber driver is a dealer at the Horseshoe Casino, which is near the center of the Las Vegas Strip. While he drove me around, he opened up and told me that he doesn't understand why anyone is a serious gambler in his life history, he divulged to me that he has never known one long term winner. That's a gambler. It's amazing that he would admit that himself as an employee there. So suffice to say, wealth is built through concentration, not diversification, and certainly not through gambling.    Keith Weinhold  20:56   How should you think of building wealth for yourself at different age profiles, 20,25,30,35, and so on. I'll discuss each age profile that's next. I'm Keith Weinhold. You're listening to get rich education.    Keith Weinhold  21:13   What if you got your mortgage loans the same place I get mine. You sure can at Ridge lending group NMLS, 42056,they provided GRE listeners with more loans than anyone. Because Ridge specializes in investment property, they'll help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat directly with President chailey Ridge while it's on your mind, start at Ridge lendinggroup.com that's Ridge lendinggroup.com   Keith Weinhold  21:44   Let me ask you something, if you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom family investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals, every investment carries risk and nothing is guaranteed, but with a track record of consistent on time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call or text. Family 266, 866, that's family 268,66   Ted Sutton  22:48   Hey, it's corporate, directs Ted Sutton. Listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  23:02   welcome back to get rich Education. I'm your host, Keith Weinhold, and you're listening to Episode 605 let's talk about some age profiles, because your life isn't random, it's staged. And if you understand the stages, I'll take it from age 20 up to age 40 or perhaps 50, because I don't have experience yet with being older than them. And then you can stop guessing and start engineering your future. Let's discuss mindset and then some tactics on how to build wealth in five year increments, largely through real estate, starting with age 20, at this stage, you're not behind you are early, though. I do know some people that have owned rental property at age 18 and 19. For the most part, your job isn't to invest yet. Your job is to build awareness and identity. Listen to shows like this one that you're listening to right now, even though you might be in college or trade school or have some employment, yes, as an employee, start thinking like an owner at this time you're installing your financial Operating System. Most people are 20 are consuming entertainment. You you're consuming direction. You're thinking, how can I set up a life where I'm not living below my means, which will always limit you? You're thinking, how can I grow my means at age 25 let's say you're out of school, you have a job and you're only making 65k per year if you're living with your parents, that means you can accumulate more liquidity. I don't like to say that you're becoming a saver, because that does not wire your mind for wealth, but that's effectively what you're doing. You're trying to amass some Liquidity, some capital formation is taking place. If you only have, say, $30,000 of cash amassed, well, then you're not ready for real estate, unless perhaps you're doing an owner occupied FHA loan in a duplex or a fourplex with a three and a half percent down payment. If you've got credit card debt. That's at 21% APR. You do want to retire that first age 25 is when you're likely to have student loan debt. The average student loan debt balance at age 25 is about 35k and the interest rate is 7% as long as your income is stable. You know, I didn't focus on paying down my student loans at age 25 I mean, why would I? Why should you I invested first? Because you might feel like having student loans slows you down, and it does, but not accumulating assets is what will keep you stuck so you're 25 when do you buy your first income producing asset? Say you've just got 20 to 30k accumulated liquid. That is still a little early to buy your first rental property, because that first property that would take all of what you had accumulated, that down payment would take it all like for an out of state turnkey property, and you've always got to stay a little liquid, but sooner than later, you have got to increase your income and own some real assets. If you accumulate instead 60k cash and the cheapest decent investment property would probably take something like a 30k down payment in closing costs right now, all right. Well, that tilts toward pulling the trigger and doing it because you've got some buffer. Now, you're still learning along the way, but you're learning really begins when you own your first property. Now, if you happen to live in an investor advantage place, oftentimes in the Midwest or south, perhaps the inland northeast, well then maybe you buy locally. But if you live in a pricey Metro at age 25 then you are probably rent vesting instead. What rent vesting means is that you're paying rent in, say, New York City, and you own property that you rent to others in, say, Chattanooga, Tennessee, that's called rent vesting. And you might pick up more than one property in your late 20s by age 30. Okay, look, this is when your cumulative better decision making really starts to show your trajectory has diverged from the herd, and it's really becoming noticeable to your peers, because your past decisions start compounding here by age 30. This is where you can benefit from modeling if you see someone like you that's doing what you want to do now, you can see yourself doing it. That's called modeling, and this is where your confidence grows. We'll say that now you're married at age 30, and you have a young child. You and your spouse make 175k together. You still have student loans, but you definitely own some real estate by now, we'll even say that you own your own home, your primary residence. By 30 you have a pretty good understanding of financing, property management and markets. By age 35 now you're investing in multiple real estate markets, and this is fueled because you've now done cash out refinances of your earlier properties into some more properties, and that means that you don't even have to use all of your own money in order to buy other properties and make down payments on them. So by age 35 your mindset has shifted from how do I buy a property over to how do I build a machine that buys properties, and this is where scale happens for you, you want to be sure to stay in your lane of competence and avoid chasing shiny objects again. Concentration over diversification by 35 it's become so apparent that you're glad that you did what you did. Other people are still doing things like working a lot of overtime and missing dinners. Maybe you do a little of that, but you don't have to do that. You're happy that you were strategic and you took the actions necessary so that your life doesn't feel like spinning on a hamster wheel like it does for everybody else, and it might still feel that way for you, too, but you are able to see a way out of that. And some people retire with real estate investing by age 35 but in this case, let's just say that you're not. Most aren't, but by now, you are getting so far ahead Of your old peers that you are definitely saying something to yourself, like, wow, indeed, capital compounds and labor doesn't this is the time in your life for this type of epiphany. Let's see where you are by age 40, and by the way, let's acknowledge that the average age of the first time homebuyer is now fully 40 in America. But by listening to this show and following the path that we help you with and engaging with our coaching and reading our newsletter, you are well ahead of this now I have a traditional financial advisor friend who says that he recently shared with me that he thinks a couple is in good shape if they have a net worth of $2 million by age 40. I don't know about that, though, if it's $2 million and a soldier in a 401 K that's locked away and it's not producing any income, that's a poor trajectory for the 40 year old couple. Sheesh, it's still a minimum of 20 more years from there until you can access 401K money, penalty, free. And, yes, there are some workarounds, but that's generally the picture. Well, instead, if you're a 40 year old couple with $2 million dollars in real assets. Oh, now you're in a substantially better position than if it were in some illiquid, conventional retirement plan. If it's in real assets. Oh, now you've got all these options. It could be producing income. You've got tax advantages that are greater than a 401, K, you might be able to access some of the equity, tax free, with a refi and plus say that your $2 million in equity is leveraging $5 million in real assets. Well, then, with 5% appreciation that alone is growing your net worth by $250,000 every single year, in addition to everything else that it's doing for you, yeah, talk about diverging from the herd. $2 million of equity in real assets crushes. Having that amount in a 401 K for you as part of a 40 year old couple, by age 45 you could very well be job optional. You could have teenage kids now, so you've got some expenses, you've been cash out, refinancing in a refi for life plan. Now your properties regularly are able to buy more properties for you, so that you aren't spending your own money on them. Instead, you're spending your own money on travel and living a better life than those others that are soullessly grinding at age 45 and yes, by the way, let's acknowledge that there would be ways for you to borrow out of a 401, k as well, but they're less forgiving than borrowing against your real assets after this period of time for you, you're getting into your late 40s, it is less about accumulation and it's more about optimization and freedom. I mean, you're soon asking, What do I want my life to look like? And you're not asking, How do I make more money? And at age 50 plus, since I really don't have much life experience here, you've probably done a number of 1031, exchanges, or you're even doing 721, exchanges, if you're substantially older than this saying that you want to retire from landlording. Now, one big lesson learned here is that early on, that focus, that concentration, is what allowed you to diverge from the herd that played small with diversification. One thing to be aware of when you're asking yourself that question, how much is enough? You're asking, how much is enough? Well, today, a five to $6 million dollar net worth that can usually generate enough income so that you don't have to work anymore. But people have a propensity to move the goalposts. It's most natural to think that you need to have twice as much as what you have now. Almost everybody inevitably thinks his way. If you've got 100k to your name, you think you've got it made. If you have 200k and if you've got 5 billion, you think you will need 10 billion. Be aware of that propensity to move the goalpost the amount that you think you need is almost always double what you have right now. And of course, in the words of the late George Foreman, the question isn't at what age I want to retire, it's at what income. Even conventional retirement planners will tell you that they just need to know two things in order. A plan for you, how much monthly income are you going to need, and how long you're going to live. And I think they've got that part right now. As you listen to those age profiles, you might have felt yourself ahead of that pace, on that pace, or behind that pace. There's a good chance that you were behind that pace, because by age 20, most people just don't adopt the abundance mentality that early. Most people drift through these decades, but if you understand the sequence, it's really this, learn, then earn, then buy, then scale and then optimize and be sure that you're living the entire time. The really good news for you is that you don't need luck. You need alignment with the stage that you're in. And if you get that right, you don't just build wealth, you build a life where money works harder than you do. Most people that try to do that get their money to work harder for them, well, that approach does not work until it's too late, but it works out for us because we ethically crowdsource other people's money to work harder than we do. To review what you've learned today. Wealth is built through concentration, not diversification. And from a young age, set up your life not to live below your means, but to grow your means. I'll talk to you again next week. Until then, I'm your host. Keith Weinhold, don't quit your Daydream.   Unknown Speaker  36:42   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively,   Keith Weinhold  37:10   The preceding program was brought to you by your home for wealth building, get rich education.com  

Andrew Carnegie was a businessman who became one of the richest people in the world during the late 1800s. He made his fortune in the steel industry, helping build bridges, railroads, and skyscrapers across the United States. Carnegie believed that wealthy people should use their money to help others. Later in life, he gave away much of his fortune to build libraries, schools, and concert halls. His ideas about hard work and giving back left a lasting impact on American society.