Podcast appearances and mentions of david gelles

With the synagogue firebombing in Australia, Israeli soccer fans being beaten in Amsterdam, and antisemitic incidents now a daily occurrence impacting Canadian schools, houses of worship, the workplace, social media, and the streets, you might wonder why anyone who isn't already Jewish would want to join "the tribe". Yet from coast to coast, since Oct. 7, rabbis of all denominations are reporting this is exactly what they are seeing: a heightened interest from people wanting to convert. At Toronto's largest Reform synagogue, Holy Blossom Temple, the conversion cohort this fall is 60 students–double the intake of the previous class. Meanwhile, Reform rabbis in Mississauga and Oakville report having to cap admissions to their conversion courses, scrambling to find rabbis to offer one-on-one instruction, and there are waiting lists. While we don't have accurate numbers nationally, anecdotally some Conservative and Orthodox rabbis tell The CJN they are also seeing similar trends. On today's episode of The CJN Daily, host Ellin Bessner sits down with three new Jews to hear their journeys and how the antisemitism unleashed Oct. 7 is a battle they are joining with eyes wide open: David Gelles, 36, a Toronto lawyer with roots in the Holocaust; Julie Moreau, a therapist in Oakville who decided to convert just after Oct. 7; and Gracia Mboko, an African-born entrepreneur in Burlington who found Jewish signposts on the ground and in the air. Related links Why Alexandria Fanjoy Silver converted twice, on The CJN Daily. Read more from Emily Caruso Parnell about the conversion process she underwent from both Orthodox and Reform pathways, in The CJN archives. How Canada's newest converts prepared for Rosh HaShana in Kelowna, B.C. on The CJN Daily from 2021. Credits Host and writer: Ellin Bessner (@ebessner) Production team: Zachary Kauffman (producer), Michael Fraiman (executive producer) Music: Dov Beck-Levine Support our show Subscribe to The CJN newsletter Donate to The CJN (+ get a charitable tax receipt) Subscribe to The CJN Daily (Not sure how? Click here)

While many of the effects of climate change, including heat waves, droughts and wildfires, are already with us, some of the most alarming consequences are hiding beneath the surface of the ocean.David Gelles and Raymond Zhong, who both cover climate for The New York Times, explain just how close we might be to a tipping point.Guests: David Gelles, who reports for the New York Times Climate team and leads The Times's Climate Forward newsletter.Raymond Zhong, a reporter focusing on climate and environmental issues for The New York Times.Background reading: Scientists are freaking out about ocean temperatures.Have we crossed a dangerous warming threshold? Here's what to know.For more information on today's episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

This week, we have two great guests on the show to explain what's at stake at COP28 and some of the biggest issues surrounding the conference. First, New York Times correspondent David Gelles joins to discuss what he'll be covering at COP28, why the recent US-China deal heading into the conference might provided a much needed jolt, and what to watch for when it comes to climate finance and the fund for loss and damage. Then, researcher and campaigner Pascoe Sabido joins the show to discuss a new analysis of the presence of fossil fuel lobbyists at UN climate talks and what it has meant to action on climate.  David Gelles is a correspondent on the Climate desk at The New York Times, covering the intersection of public policy and the private sector. Follow David's work at The New York Times here. Pascoe Sabido is a researcher and campaigner at the Corporate Europe Observatory and a co-cordinator of the Kick Big Polluters Out coalition Further Reading: Fossil fuel lobbyists attend UN climate talks more than 7000 times What a US-China climate deal means for COP28 Coming Soon: More oil, gas and coal

SERIES 2 EPISODE 34: COUNTDOWN WITH KEITH OLBERMANN A-Block (1:43) SPECIAL COMMENT: Judge Aileen Cannon! You have unsuspected depth! Trump's novice judicial appointee has shocked Trump World by issuing a gag order not only limiting what he can say and when he can say it during his prosecution and trial for stealing top secret documents, but also limiting when he and his lawyers can see the war plans and other classified information he stole. Cannon's ruling is almost everything Smith asked for. Any evidence marked classified? Trump can't discuss it publicly. The evidence marked classified that Trump has lied about and said he DE-classified? Trump can't discuss THAT publicly. The evidence marked classified that has become public knowledge without being officially de-classified? Trump can't discuss THAT publicly. If he wants to listen to any of the classified audio it has to be on a hardline headset on a computer that has no internet or network connection! And she also has ruled co-defendant Walt Nauta cannot have access to any of the material, so that's one less chance of a pro-Trump leak. It's stunning. Also, the Illegal Impeachment Inquiry Trump is stage-managing from behind the scenes is going shockingly badly. It's morphed into the GOP-In-Crisis; in fact, into the GOP in Open Revolt. McCarthy accused Congressman Matt Gaetz of Florida of conspiring with Democrat Eric Swalwell of California to get Swalwell placed back on the Intelligence Committee. McCarthy even posits that THAT is a front for something else, saying of Gaetz quote “this is really about an ethics complaint.” Gaetz came back last night and said “This is an abject lie from a sad and pathetic man who lies to hold on to power,” and Congressman you'll have to be more SPECIFIC than that and USE McCarthy's name in that statement because otherwise it could be about anybody in your party. Also: the McCarthy FBI whistleblower about Hunter Biden? A DIFFERENT FBI whistleblower has implied that the other one is lying. And Hunter Biden just sued a former Trump aide for illegally accessing the laptop. And then there's the other media shoe dropping. A month ago Kristen Welker was one of a dozen reporters who took a meal with three Trump goons. Today, Welker will pre-destroy her career as host of "Meet The Press" to get a sit-down with Trump. The Executive Producer of her show - who didn't make the cut to join the Countdown staff 20 years ago - actually says of this garish soulless nonjournalistic stunt “We are in the business of covering politics. It's not our job to pick and choose the leaders. The American people get to do that. And so our job is to make sure that the American people understand who the people in power are, what they stand for, and what they plan to do.” It's not our job to STOP the arsonists, it's just our job to give equal coverage to the firefighters AND the arsonists. B-Block (26:54) POSTSCRIPTS TO THE NEWS: Mitt Romney's going to retire at the end of his Senate term. I wonder if anyone will notice. My GOD they're treating this like Daniel Webster leaving the Senate in 1850. In fact, Mitt Romney is one of the dumbest, least perceptive people ever in public service - a man so dim that it wasn't until after January 6th that he realized smart colleagues like Ted Cruz and Josh Hawley might not actually think Trump had won but were just LYING FOR PERSONAL GAIN AT AMERICA'S COST. And for me, nothing will erase from my memory the day I awoke to find that Mitt had tweeted about me, complained about me, and as Tommy Vietor replied "It's long past time to break ground on a Both Sides museum in Washington, DC. This comparison of the President of the United States to Keith Olbermann MUST be preserved for future generations." But it what Mitt was complaining ABOUT that will always resonate: that I had despoiled American politics by calling Trump a terrorist. Three months later Mitt was a virtual hostage inside the Capitol, pinned there by... Trump's terrorists.  C-Block (38:43) GOOD NIGHT AND GOOD LUCKSee omnystudio.com/listener for privacy information.

In today's episode, we speak with David Gelles, a business journalist and author of the new book "The Man Who Broke Capitalism." Gelles examines how former GE CEO Jack Welch fundamentally altered capitalism with his ruthless focus on short-term profits over people. We discuss the lasting influence Welch had on business education and management philosophies. Gelles shares examples of alternative leadership models that balance profit and purpose, caring for employees and communities. He advises listeners to question assumptions and lead with more empathy. Though brilliantly effective, Welch's "shareholders over stakeholders" approach set a destructive precedent that still permeates business. Gelles hopes to inspire more conscious capitalism that serves society. This thought-provoking episode examines the complicated legacy of Jack Welch and the profit-first approach that has permeated leadership. __________________ Start your day with the world's top leaders by joining thousands of others at Great Leadership on Substack. Just enter your email: ⁠⁠https://greatleadership.substack.com/

Episode 103: You don't have to look far to see the ravages of climate change. In recent weeks, one of the deadliest wildfires in U.S. history killed scores of people in Hawaii, and July was the hottest month ever recorded. Host Richard Kyte and Scott Rada talk about how we must do two things at once — try to somehow slow the warming while also being better prepared for the effects still to come. Links to stories discussed during the podcast: The clean energy future is arriving faster than you think, by David Gelles, Brad Plumer, Jim Tankersley and Jack Ewing, The New York Times Young environmental activists prevail in first-of-its-kind climate change trial in Montana, by Matthew Brown and Amy Beth Hanson, The Associated Press How climate change could cause a home insurance meltdown, by Michael Copley, Rebecca Hersher and Nathan Rott, National Public Radio About the hosts: Scott Rada is social media manager with Lee Enterprises, and Richard Kyte is the director of the D.B. Reinhart Institute for Ethics in Leadership at Viterbo University in La Crosse, Wis.See omnystudio.com/listener for privacy information.

New York Times reporter David Gelles joins Chad to talk about an extensive series he helped put out looking at how quickly America is actually moving towards renewable energy sources.

Chad opens the hour with talk about the push for clean energy in America by speaking with New York Times reporter David Gelles. Later, Jamie Yuccas joins from Los Angeles to talk about the Maui wildfires and laws against smoking in cars with children present.

This week, a historic case has landed in a Montana courtroom. A group of young environmentalists is suing the state, arguing that its embrace of fossil fuels is destroying pristine environments, upending cultural traditions and robbing young residents of a healthy future.David Gelles, a climate correspondent for The Times, explains why the case could be a turning point, and what a win in Montana would mean for the future of the climate fight.Guest: David Gelles, a climate correspondent for The New York Times.Background reading: The landmark youth climate trial, which has been more than a decade in the making, began on Monday in Montana.Sixteen young Montanans have sued their state, arguing that its support of fossil fuels violates the state Constitution.For more information on today's episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

"Economic growth is fuelling climate change – a new book proposes ‘degrowth communism' as the solution"; "The role of carbon dioxide removal in climate action"; "ClimateCast with Tom Heap"; "Assessing the Viability of Using Autorickshaws for Urban Freight Delivery in India"; "Compostable turbine blades made from mushroom roots could solve waste problem"; "‘Farming good, factory bad', we think. When it comes to the global food crisis, it isn't so simple"; "Scientists Again Call for Civil Disobedience To Spur Climate Action, Saying ‘Time is Short'"; "This World Environment Day join us in the global effort to #BeatPlasticPollution"; "More than two dozen cities and states are suing Big Oil over climate change – they just got a boost from the US Supreme Court"; "Drier, warmer winter seen for parts of Australia as El Nino threat grows"; "Ten environmental books to inspire your kids"; "Global temperatures likely to rise beyond 1.5C limit within next five years"; "‘Don't F&*! The Planet': Atlassian issues net zero guide for companies cutting climate impact"; "Melbourne community group looking for home after winning funds for inner city battery"; "Victoria falls in line on dynamic rooftop solar exports, to make homes ready for electrification"; "Paying people a guaranteed income could protect biodiversity. For a very high price"; "Fossil fuel firms owe climate reparations of $209bn a year, says study"; "A Powerful Climate Solution Just Below the Ocean's Surface"; "U.S. Military Sees Growing Threat in Thawing Permafrost"; "German police conduct raids to investigate climate activists"; "Australia's ‘first carbon-neutral telco': do Telstra's environmental claims about Belong stack up?"; "‘Damning' govt report lays out freshwater failures"; "Turning off the gas and switching to induction: What you need to know"; "James Hansen Warns of a Short-Term Climate Shock Bringing 2 Degrees of Warming by 2050"; "Colorado Frackers Doubled Freshwater Use During Megadrought, Even as Drilling and Oil Production Fell"; "Not Winging It: Birders Hope Hard Data Will Help Save the Species They Love—and the Ecosystems Birds Depend On"; "A Fifth of the World Could Live With Dangerous Heat by 2100, New Study Warns"; "What's ‘Climate Colonialism?' Typhoon Mawar's Carnage in Guam Offers Insight"; "Preserving the Cowboy Way of Life"; "Hoboken Lodges First State-Level Racketeering Charge in Big Oil Climate Lawsuit"; "America's ‘Neoliberal' Consensus Might Finally Be Dead"; "Crude justice: the Nigerians taking Shell to court"; "Plagued by Daily Blackouts, Puerto Ricans Are Calling for an Energy Revolution. Will the Biden Administration Listen?"; "Barbados Resists Climate Colonialism in an Effort to Survive the Costs of Global Warming"; "Naomi Oreskes, David Gelles and The Myth of Free Markets"; "Strange, unpredictable, and energizing: Dark comedy as climate solution"; "Three little-known reasons why plastic recycling could actually make things worse"; "Cautious Optimism on the Energy Transition"; "Woodside and other polluters littering our oceans"; "Austrade forum to promote links with oil giant Saudi Aramco condemned by activists". --- Send in a voice message: https://podcasters.spotify.com/pod/show/robert-mclean/message

Many on the left say that the growing climate crisis is the inevitable result of unbridled capitalism – industries seeking profits above all else. In “The Big Myth,” Naomi Oreskes (who brought us “Merchants of Doubt”) points to a concerted effort from American business groups to propagate the myth that only markets free of government regulation can generate prosperity and protect political freedom.  “If we actually had appropriate regulations, appropriate rules of the road, we wouldn't be in this position of having to beg corporate leaders not to destroy the planet,” Oreskes says. This myth has grown so pervasive that American citizens now put more faith in CEOs than in religious leaders, according to David Gelles, author of “The Man Who Broke Capitalism.” What should be done to change the narrative? Guests: Naomi Oreskes, Professor of the History of Science, Harvard  David Gelles, Reporter, The New York Times Kate Khatib, Co-Director, Seed Commons For show notes and related links, visit https://www.climateone.org/watch-and-listen/podcasts Learn more about your ad choices. Visit megaphone.fm/adchoices

Many on the left say that the growing climate crisis is the inevitable result of unbridled capitalism – industries seeking profits above all else. In “The Big Myth,” Naomi Oreskes (who brought us “Merchants of Doubt”) points to a concerted effort from American business groups to propagate the myth that only markets free of government regulation can generate prosperity and protect political freedom.  “If we actually had appropriate regulations, appropriate rules of the road, we wouldn't be in this position of having to beg corporate leaders not to destroy the planet,” Oreskes says. This myth has grown so pervasive that American citizens now put more faith in CEOs than in religious leaders, according to David Gelles, author of “The Man Who Broke Capitalism.” What should be done to change the narrative? Guests: Naomi Oreskes, Professor of the History of Science, Harvard  David Gelles, Reporter, The New York Times Kate Khatib, Co-Director, Seed Commons For show notes and related links, visit https://www.climateone.org/watch-and-listen/podcasts Learn more about your ad choices. Visit megaphone.fm/adchoices

Guy and Liz Young discuss manufacturing data (2:00), the rangebound S&P 500 (4:30), small caps (10:30), the debt ceiling (15:30), and big box retail earnings (21:30). After the break, Dan and Guy interview David Gelles, New York Times bestselling author of “The Man Who Broke Capitalism” and an award-winning correspondent for the New York Times, and talk about his life as a journalist (28:30), climate change (35:30), and how he came to write his book about Jack Welch (44:30). Read: How Jack Welch's Reign at G.E. Gave Us Elon Musk's Twitter Feed ---- See what adding futures can do for you at cmegroup.com/onthetape.  ---- Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We're on social: Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Another weekend has brought another horrific mass shooting, this time in Texas — and for the editorial staff at "Meet the Press," the question of how to give each its due coverage in a country where gun deaths have unfortunately become all too common. David Gelles, the show's executive producer, joins Chuck to bring the curtain back on how the longest-running show in television history gets made every week.

Meet Jack Welch, celebrated wrecker of real jobs and leading light of Wall Street wankers. Please share this episode with your friends and start a conversation.For an entertaining deep dive into the theme of season five (Phalse Prophets), read the definitive peer-reviewed taxonomic analysis from our very own Jason Bradford, PhD. Sources/Links/Notes:David Gelles, The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of America—and How to Undo His Legacy (2022).David Gelles, "How Jack Welch's Reign at G.E. Gave Us Elon Musk's Twitter Feed," New York Times (2022).Malcolm Gladwell, "Was Jack Welch the Greatest C.E.O. of His Day--Or the Worst?," The New Yorker (2022).Geoff Colvin, "The Ultimate Manager," Fortune (1999).Matthew J. Belvedere, "Jack Welch says Obama's ‘wacky' climate-change agenda hurts the US economy," CNBC (2016)."Jack Welch Fast Facts," CNN (2020).Scott Tong, "This is how shareholders got to be first in line for profits," Business Insider (2016).James B. Stewart, "Did the Jack Welch Model Sow Seeds of G.E.'s Decline?," New York Times (2017). Jack & Suzy Welch Winning (2005).Geoff Gloeckler, "Jack Welch Launches Online MBA," Bloomberg Businessweek (2009).Della Bradshaw, "Jack Welch on the executive MBA he created in his own image," Financial Times (2014).Jack Welch Management Institute .Oxfam "Top 1% grab twice as much new wealth as everyone else combined".Economic Policy Institute “CEO pay has skyrocketed".  Support the show

This week listen to the NY time journalist David Gelles talk about his new book with this title. How one man came to embody the 1980's shift to short term shareholder focus—and the negative legacy we are dealing with from this today. The stories we tell about business influence our perceptions of business- David Gelles tells a compelling story of how Welch's story, seen in hindsight, represented an important negative turning point in the history of business and a legacy we are having to turn from today. ** If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience. Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts. For transcripts and show notes, please go to: https://www.theconsciouscapitalists.com Thank you for your support! Timothy & Raj

EPISODE 85: Joanna Bloor on the Cinderella Story you haven't heard 1. Potentialist and new author Joanna Bloor Joanna's site: https://joannabloor.com Joanna's book: Tales of Potential: The Cinderella Story You Haven't Heard Site: https://www.talesofpotential.com/ 2. Quick Takes Layoffs as coordinated contagion: https://www.linkedin.com/feed/update/urn:li:activity:7031259963830202368/ And if that intrigues you check out my TikTok #3MinuteBookReview of The Man Who Broke Capitalism by David Gelles: https://www.tiktok.com/@elisacp/video/7203500286768483630 Author Charlie Jane Anders on separating the art and artist: https://buttondown.email/charliejane/archive/jk-rowling-and-separating-the-art-from-the-artist/ My TikTok #3MinuteBookReview links: Cloud Cuckoo Land by Anthony Doerr: https://www.tiktok.com/@elisacp/video/7195720984035462446 These Precious Days by Ann Patchett: https://www.tiktok.com/@elisacp/video/7202743855353990443 Demon Copperhead by Barbara Kingsolver: https://www.tiktok.com/@elisacp/video/7205362302130916651 Pilates for Abortion Funds link: http://pilatesforabortionfunds.org/ Where to find me: My website: https://elisacp.com Sign up for my new newsletter, This Week-ish with Elisa Camahort Page: https://elisacp.substack.com New Calendly: schedule a session with me!: https://calendly.com/elisacp Thanks to Ryan Cristopher for my podcast music: https://music.apple.com/us/artist/ryan-cristopher/1479898729 Road Map for Revolutionaries by me, Carolyn Gerin and Jamia Wilson: https://elisacp.com/books Social media handles: TikTok: @ElisaCP Mastodon: elisa@sfba.social Spoutible: @ElisaCP Twitter: @ElisaC Insta: @ElisaCP Please share, subscribe, rate and review!

When you purchase an item after clicking a link from this post, we may earn a commission.Devin: What do you see as your superpower?Ken: One of the things I've learned is that I work well with entrepreneurs. I've been a five-time entrepreneur myself, but I've also enjoyed working with other entrepreneurs.“We're the oldest, and we believe also the largest business accelerator in the clean tech climate space,” says Ken Hayes, executive director of Cleantech Open.Cleantech Open was created to help climate and environmentally-focused entrepreneurs get support, attention and financing they weren't receiving in the marketplace.The goal was to help these entrepreneurs build successful businesses. “If a business is not successful commercially, it won't also be able to succeed in the environmental realm,” Ken says.Over 1,900 companies have gone through the Cleantech accelerator.“We work with about 100 companies a year. We match them to business mentors. So we have over 1000 volunteers,” he says. “These are business people that volunteer their time. So, we're one big community working together to try to help these entrepreneurs become successful.”From each cohort, the team chooses a grand prize winner. Ken emphasizes the experience that all the participants receive over the four to five-month curriculum. They all benefit.The winner of the last cohort was Renegade Plascis, which is producing an environmentally friendly alternative to PVC-coated fabrics. “Our low-carbon coated fabrics curtail plastic waste and reduce greenhouse gas emissions,” the website says. “They have a high UV, thermal and chemical resistance and do not contain any PVC, heavy metals, PFAS or phthalates.”The accelerator works with companies in eight categories:* Energy generation, * Energy storage, * Energy efficiency, * Information and communications technologies* Transportation,* Green building * Agriculture, water and waste* Chemicals and advanced materialsCleantech Open is also concerned with climate and environmental justice. Ken says:We all have the right to have fresh air, fresh water, clean, clean air. A lot of the companies that are going through Cleantech Open are targeting these communities in order to improve them, make sure that their technologies are not just for wealthy people or wealthy homes but can be used in many different situations and can become affordable and available to people of all backgrounds and all communities.Over his career, Ken has developed a superpower working to support entrepreneurs.How to Develop Working With Entrepreneurs As a SuperpowerOne key to Ken's success in building this superpower was the decision to develop it. “I've wanted to expand the scale of my impact in a positive way,” Ken says.“What I'm good at is starting small companies, getting them to about 20 people and selling them,” he says. “I wanted to figure out how I could leverage that skill to help others become successful.”“When you have your own startup, you're only impacting yourself and your direct colleagues, and all of your eggs are in one basket,” Ken notes.As an angel investor, he learned he could help more people but limited resources constrained his impact. He co-founded a venture capital fund called Canyon Creek Fund II. That increased the breadth of his impact with funds from limited partners, allowing it to invest in 40 companies.“Still, I thought there was an opportunity to do more,” he says. “I was approached by the leaders from Cleantech Open to join Cleantech Open. Here it was! Wow! We have 100 to 150 companies a year.”“I'm a catalyst; I'm a sounding board,” Ken says. “I can provide lessons from the trenches, from past wars, so to speak, and create the system and a platform that can help these entrepreneurs learn and become better.”“Going through the program for 99% of these companies, they do not give up any equity,” he says. “So we're not out here trying to make ourselves wealthy. We're here to help those entrepreneurs become better entrepreneurs.”Ken says, “We're here to make the world a better place and make these entrepreneurs successful.”As an example of the impact of his work supporting entrepreneurs, he highlighted FIGS, a company in which he invested early (and that was coincidentally featured on my show nearly a decade ago.)Although the successful female entrepreneurs bought him out after 18 months, they went on to list their enterprise on the New York Stock Exchange.Ken has two critical tips for learning to help entrepreneurs succeed.The first is “radical candor.” He says, “Be real. Tell them how it really is. Don't sugarcoat it because you're not doing them any favors. But do it from a place of sincerity and empathy.”The second point is to remind the entrepreneurs of an essential fact. “Those who learn fastest are the ones that are going to be successful.”He prefers the phrase “learn fast” to “fail fast.”There's another business technique called fail fast. I don't like that word because it connotes failure. Like, who wants to fail fast? Like, I don't want to keep failing. I would I rather use the term learn fast, which means you're testing. You're trying out new ideas. Maybe you're doing iterative campaigns, but the whole point is to learn as fast as possible about what's going to work, whether it's trying to discover a customer segment, trying to discover how a technology is going to get adopted. It's all about learning that as quickly as possible and ideally based on evidence.By employing Ken's example and counsel, you can learn to master the art of helping entrepreneurs succeed, making it a superpower that enables you to do more good in the world.Recently, I read The Man Who Broke Capitalism by David Gelles. I keep recommending the book to people, so I figured I should take a moment share it with you. Get full access to Superpowers for Good at devinthorpe.substack.com/subscribe

A version of this essay was published by firstpost.com at https://www.firstpost.com/world/ftx-saga-and-many-implosions-in-us-especially-in-big-tech-11709111.htmlElizabeth Holmes, the formerly celebrated founder of Theranos, got hit with a jail term of 11 years, according to the Wall Street Journal. That was a startling end to what looked at one time like a huge Silicon Valley success story.But it was not the only Big Tech or big company story. The following stories also come from the WSJ:Along with these, there have been stories about massive layoffs: Meta axes 13% of its workforce, or about 11,000 people; Amazon lays off 10,000 staff, mostly those in core areas such as engineering and marketing; and Google (Alphabet) is under pressure from activist investor TCI to do much the same for cost-cutting reasons. All this may add up to a “techno-winter” (if not a general recession), one might think; surely the “crypto-winter” is already in progress. But is that really true? I believe there are three separate things going on, and it does not make sense to mingle all of them and seek solutions. The first is just plain old-fashioned grift; the second is the normal churn in business models; and the third is whether crypto makes sense.There are always major scams in the US: examples include Enron, Bernie Madoff, and the Lehman Brothers meltdown. There is the spectacle of supposedly sensible people (e.g. bankers and venture capitalists) being completely bamboozled by a smooth-talking person with a spreadsheet, with the result that lots of investor's (and taxpayers') money goes down the drain.Elizabeth Holmes seems to have hoodwinked the whos-who of not only Silicon Valley's VCs, but also name-brand politicians and captains of industry and got them on her board of directors. I mean, George Schulz and Henry Kissinger: it doesn't get any bigger than this. Exactly what did these luminaries see in the company? Some earth-shaking vision, I suppose. To be honest, I too wondered if Theranos did have a really disruptive technology that would upend the market for diagnostic blood tests. But after an expose in Bad Blood by a WSJ reporter, it was clear that the company was really a house of cards (see my column on this in Open Magazine, where I explored, among other things, Holmes' ‘reality distortion field').It is now clear that Theranos was a scam built up by Holmes and her then-boyfriend, Ramesh ‘Sunny' Balwani, a Pakistani-American entrepreneur who was much older than her, who was also president of the company. Holmes got sentenced to 11 years, Balwani got 13. Bernie Madoff, and Jeff Epstein also got long sentences. Bernie Madoff is a champion of sorts, for he ran the largest Ponzi scheme in history: $64 billion.Now Sam Bankman-Fried is giving Madoff a run for his money. His crypto exchange, FTX, valued at $32 billion just a fortnight ago, is worth virtually nothing at this time, and billions of dollars worth of customers' money has… disappeared. John Ray III, the lawyer brought in to clean up FTX during bankruptcy proceedings (ironically the same person who did the Enron clean-up), said he couldn't believe the ‘unprecedented mess' he found there. The point is that despite all the fuss about crypto-currency, it is increasingly evident that Sam Bankman-Fried ran an old-fashioned fraud: “pump and dump”. The crypto bit was merely window-dressing to give sex appeal to the whole gig. And it worked, too. Major investors like the blue-chip VC firm Sequoia Capital were so thoroughly taken in that the purported reactions of their partners is simply astonishing, if true. Here's a screenshot of an alleged Sequoia memo. There's worse: another tweet purports to show that two partners, a male and a female, reported being sexually aroused on hearing Bankman-Fried's pitch about FTX's world-beating vision to control all money (it is too embarrassing and too crude to quote):Is crypto a scam? Stephen Diehl, author of Popping the Crypto Bubble says so in this interview with the Financial Times. He calls post-2016 crypto the Grifter Era, and that's not far from the truth. It's like the carpetbaggers have arrived and set up shop. I am personally of the opinion that crypto may have some value, only that the killer apps haven't been dreamt up yet; I do believe the underlying blockchains are useful, although successful rollouts and use cases are still too few.But the point is that the FTX meltdown has relatively little to do with crypto per se. It was just a device to dress up a rather standard, old-fashioned fraud or Ponzi scheme. We have seen this sort of thing going even way back: remember the Dutch Tulip Bubble, and the South Seas Bubble. You have fast-talking hucksters hoodwinking gullible investors, who lose their shirts.It would be unfair to blame crypto for the greed and indiscipline shown by the FTX founder, or the lack of governance and regulatory control which let insiders essentially loot investor funds. For example, here's Bankman-Fried and Nishad Singh plundering away:The other angle that's remarkable is the fact that the meltdown happened just days after the US midterm elections. Coincidence? Hard to believe, because Sam Bankman-Fried had been a major donor to the Democratic party: he donated some $30 million directly to them, and then perhaps a few hundred million to the ecosystem around the Democratic party, especially the media. Said media then lionized Bankman-Fried beyond all reason, as though he were some messiah.Once again, the media, sadly, is not covering itself with glory. They didn't do any investigative journalism; and now that the skeletons are tumbling out of the closet, they should be kicking themselves for having missed out on a juicy story. But the omerta of left-leaning, ideological journalists is a wonder to behold. This is what the WaPo is worried about now? Not fraud?The ‘effective altruism' school of thought that SBF (Sam Bankman-Fried's handle) allegedly espoused is probably another scam, even though it's dressed up in fashionable ESG and DIE memes.Sam Bankman-Fried was the second-biggest donor to the Democratic party before the 2022 midterms (George Soros was the biggest). The website Gateway Pundit quoting someone else (ok, they might have a beef with Democrats anyway, so take it with a pinch of salt) paints a staggering picture of SBF's political and government connections, which is in itself highly suspicious. All this cannot be mere coincidence. Did SBF materially affect the midterm election results? I hope the Republican-controlled House of Representatives will launch an investigation. Frankly this smells like a Deep State operation. I am sure there is a Ukraine angle as well. More generally, is the US business model facing a crisis? ‘Greed is good', declared Gordon Gekko in Wall Street. Does modern corporate greed have an origin? In this interview with the Stanford Business School, David Gelles, author of The Man Who Broke Capitalism squarely blames ‘Neutron' Jack Welch of GE for what he claims is a toxic culture of profit at all cost in US corporations. That may or may not be fair to Welch, but anyway slash-and-burn, as well as short-termism and ideological metastasis seem to be the watchwords of many US CEOs these days.It would be difficult to accuse Elon Musk of seeking undue profit in his $44 billion acquisition of Twitter, which probably is worth much less than that sum just weeks after Musk took it over. But the issue there is, as is probably the case with Disney too, that there is too much ideology permeating the firm. Disney's recently fired CEO was seriously into woke causes. What Musk has done is to sweep away the wokeness in Twitter, thereby possibly allowing it to fulfill its purported role of ‘digital town square'. Under the previous dispensation, it had become basically a far-left bubble, because anybody who didn't fit into their world-view was simply deplatformed, defenestrated, silenced, censored: the very antithesis of Freedom of Speech. I published this podcast long ago about how the explicit silencing of TrueIndology was a watershed event in the suppression of online speech in India. Shadow banning, reduction of followers, and other malign acts were common against anybody that the Twitter powers-that-be didn't consider to fit their views, which in India meant anti-Hindu perspectives. Despite all the noise in the media about how Twitter has gone down the drain, it is entirely possible that Musk will not run it into the ground. Advertisers who are now staying away will most likely return. The savage layoffs don't seem to have materially affected the actual performance of Twitter on the ground, as it were: so was there a lot of waste? Wokes are known to live well off Other People's Money, as in the very case of FTX (in the Bahamas), per the WSJ.I am betting that Elon Musk will be able to return Twitter to some semblance of a business model, not run it in the ground. After all, the platform does offer value to its subscribers, even long-suffering shadow-ban victims such as me (I have often found people I've never heard of have blocked me: I am apparently on mass-blocking lists) still find it useful.It is not clear, though, if the ‘greed at all costs' attitude of US business will survive. It is clear, for instance, that they have surrendered America's industrial capacity to China in the last 30 years, all in return for short-term profits from the ‘China price'. This is suicidal in the long run, as they are beginning to now realize. There has to be some introspection.It may be too grand to claim that Western business will now go through a sea-change, a once-in-a-generation shift to something more accountable to national interests. This is especially hard when the Deep State is so ascendant, and its friends in the military-industrial-complex thrive on war in Other People's Countries.But these woes are coming at the very time that we are seeing the limits of globalization and to the excesses of Wall Street and Silicon Valley VCs. The US business community, and regulators, should consider FTX and Theranos to be canaries in the coalmine: there are useful lessons in their failures.1675 words, 22 Nov 2022.  This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit rajeevsrinivasan.substack.com

This week listen to the NY time journalist David Gelles talk about his new book with this title. How one man came to embody the 1980's shift to short term shareholder focus—and the negative legacy we are dealing with from this today. The stories we tell about business influence our perceptions of business- David Gelles tells a compelling story of how Welch's story, seen in hindsight, represented an important negative turning point in the history of business and a legacy we are having to turn from today. ** If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience. Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts. For transcripts and show notes, please go to: https://www.theconsciouscapitalists.com Thank you for your support! Timothy & Raj

Moderated by David Rosenberg from the Robert Zicklin Center for Corporate Integrity, the program starts with Professor Rosenberg introducing David Gelles, author of the book:  The Man who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America and How to Undo His Legacy. Gelles speaks about Jack Welch, the man who made impact on corporate America and how to teach students the lessons drawn from Jack relating businesses and stakeholders affected by his conduct, and eventually develops a new approach about American capitalism.

On this episode of the Posthoc podcast, we interview author and journalist David Gelles. David is the author of the new book "The Man Who Broke Capitalism," a dive into the tumultuous legacy left behind by Jack Welch. David is a reporter on the Climate desk at The New York Times and has profiled many CEOS as the Corner Office columnist.

Photos of a smiling Jack Welch, the first celebrity CEO, conjure thoughts of a capitalist superstar, corporate genius, and for some, maybe even the term American hero. And indeed, many Americans have worshipped at his altar, praising the way Welch maximized profits at GE and transformed global business. But as NYT reporter David Gelles lays out in his recent NYT cover story: "How Jack Welch's Reign at G.E. Gave Us Elon Musk's Twitter Feed" and his forthcoming book, THE MAN WHO BROKE CAPITALISM: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America - and How to Undo His Legacy, (Simon & Schuster; hardcover; 5/31/22), there is a darker truth to this narrative. Laying out an "eye-popping history," Gelles shows how Welch's rise at GE both spurred and benefitted from a new American free-market mindset hell bent on deregulation, outsourcing and union-busting. Welch's focus on shareholder profits turned GE from an innovative engineering giant that took care of its employees into a heartless corporate behemoth that slashed and burned workers on its way to becoming what was essentially a giant, unregulated bank. The company's stock price soared, but GE had become a shell of its former self, and eventually even the profits took an inevitable hit: In 2008, the GE house of cards came tumbling down, the stock price cratered, and the company last year said it would break itself apart. We are still feeling the deleterious effects of the Welch era, extended by his powerful imitators and a pervasive mindset that puts shareholders before all else. But Gelles also believes we can pull ourselves out of this spiral, arguing that many CEOs are beginning to understand the lessons of the last 50 years.In this "eye-popping history" (PW), Gelles outlines how Welch's rise at GE both spurred and benefitted from a new American business and political "free market" mindset, hell bent on deregulation, outsourcing and union-busting. Welch's focus on shareholder profits turned GE from an innovative engineering giant that took care of its employees into a heartless corporate behemoth that slashed and burned workers on its way to becoming what was essentially a giant, unregulated bank. The company's stock price soared, but GE had become a shell of its former self, and eventually even the profits took an inevitable hit: In 2008, the GE house of cards came tumbling down, the stock price cratered, and the company last year said it would break itself apart. We are still feeling the deleterious effects of the Welch era, extended by his powerful imitators and a pervasive mindset that puts shareholders before all else. But Gelles also believes we can pull ourselves out of this spiral, arguing that many CEOs are beginning to understand the lessons of the last 50 years.

Photos of a smiling Jack Welch, the first celebrity CEO, conjure thoughts of a capitalist superstar, corporate genius, and for some, maybe even the term American hero. And indeed, many Americans have worshipped at his altar, praising the way Welch maximized profits at GE and transformed global business. But as NYT reporter David Gelles lays out in his recent NYT cover story: "How Jack Welch's Reign at G.E. Gave Us Elon Musk's Twitter Feed" and his forthcoming book, THE MAN WHO BROKE CAPITALISM: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America - and How to Undo His Legacy, (Simon & Schuster; hardcover; 5/31/22), there is a darker truth to this narrative. Laying out an "eye-popping history," Gelles shows how Welch's rise at GE both spurred and benefitted from a new American free-market mindset hell bent on deregulation, outsourcing and union-busting. Welch's focus on shareholder profits turned GE from an innovative engineering giant that took care of its employees into a heartless corporate behemoth that slashed and burned workers on its way to becoming what was essentially a giant, unregulated bank. The company's stock price soared, but GE had become a shell of its former self, and eventually even the profits took an inevitable hit: In 2008, the GE house of cards came tumbling down, the stock price cratered, and the company last year said it would break itself apart. We are still feeling the deleterious effects of the Welch era, extended by his powerful imitators and a pervasive mindset that puts shareholders before all else. But Gelles also believes we can pull ourselves out of this spiral, arguing that many CEOs are beginning to understand the lessons of the last 50 years.In this "eye-popping history" (PW), Gelles outlines how Welch's rise at GE both spurred and benefitted from a new American business and political "free market" mindset, hell bent on deregulation, outsourcing and union-busting. Welch's focus on shareholder profits turned GE from an innovative engineering giant that took care of its employees into a heartless corporate behemoth that slashed and burned workers on its way to becoming what was essentially a giant, unregulated bank. The company's stock price soared, but GE had become a shell of its former self, and eventually even the profits took an inevitable hit: In 2008, the GE house of cards came tumbling down, the stock price cratered, and the company last year said it would break itself apart. We are still feeling the deleterious effects of the Welch era, extended by his powerful imitators and a pervasive mindset that puts shareholders before all else. But Gelles also believes we can pull ourselves out of this spiral, arguing that many CEOs are beginning to understand the lessons of the last 50 years.

Photos of a smiling Jack Welch, the first celebrity CEO, conjure thoughts of a capitalist superstar, corporate genius, and for some, maybe even the term American hero. And indeed, many Americans have worshipped at his altar, praising the way Welch maximized profits at GE and transformed global business. But as NYT reporter David Gelles lays out in his recent NYT cover story: "How Jack Welch's Reign at G.E. Gave Us Elon Musk's Twitter Feed" and his forthcoming book, THE MAN WHO BROKE CAPITALISM: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America - and How to Undo His Legacy, (Simon & Schuster; hardcover; 5/31/22), there is a darker truth to this narrative.Laying out an "eye-popping history," Gelles shows how Welch's rise at GE both spurred and benefitted from a new American free-market mindset hell bent on deregulation, outsourcing and union-busting. Welch's focus on shareholder profits turned GE from an innovative engineering giant that took care of its employees into a heartless corporate behemoth that slashed and burned workers on its way to becoming what was essentially a giant, unregulated bank. The company's stock price soared, but GE had become a shell of its former self, and eventually even the profits took an inevitable hit: In 2008, the GE house of cards came tumbling down, the stock price cratered, and the company last year said it would break itself apart.We are still feeling the deleterious effects of the Welch era, extended by his powerful imitators and a pervasive mindset that puts shareholders before all else. But Gelles also believes we can pull ourselves out of this spiral, arguing that many CEOs are beginning to understand the lessons of the last 50 years.In this "eye-popping history" (PW), Gelles outlines how Welch's rise at GE both spurred and benefitted from a new American business and political "free market" mindset, hell bent on deregulation, outsourcing and union-busting. Welch's focus on shareholder profits turned GE from an innovative engineering giant that took care of its employees into a heartless corporate behemoth that slashed and burned workers on its way to becoming what was essentially a giant, unregulated bank. The company's stock price soared, but GE had become a shell of its former self, and eventually even the profits took an inevitable hit: In 2008, the GE house of cards came tumbling down, the stock price cratered, and the company last year said it would break itself apart. We are still feeling the deleterious effects of the Welch era, extended by his powerful imitators and a pervasive mindset that puts shareholders before all else. But Gelles also believes we can pull ourselves out of this spiral, arguing that many CEOs are beginning to understand the lessons of the last 50 years.

The owner of the $3B outdoor apparel brand Patagonia has given his company away to fight climate change.   Depending on his profits around $100m a year will go towards climate initiatives. We find out more about the move and why it's so rare to see a company founder do something like this.  To explain how Yvon Chouinard's radical act of philanthropy works. We have New York Times reporter David Gelles on the line from upstate New York. Headlines: - Interest rate hike on the cards- Rain forecast for the east- First day of Brittany Higgins trial- Optus reveals full extent of hack Follow The Briefing: Instagram: @thebriefingpodcast Facebook: TheBriefingNewsAUTwitter: @TheBriefingAUSee omnystudio.com/listener for privacy information.

Why The Owner of Patagonia Gave Away The Whole Company Earlier this week, the founder and owner of Patagonia Yvon Chouinard—the company known for their famous puffer jackets and outdoor gear—gave away the whole company. Who'd he give it to? The Earth. “Hopefully this will influence a new form of capitalism that doesn't end up with a few rich people and a bunch of poor people,” Chouinard told David Gelles for The New York Times. “We are going to give away the maximum amount of money to people who are actively working on saving this planet.” Purbita Saha, deputy editor at Popular Science, debriefs Ira on Chouinard's decision, as well as other science stories of the week. They talk about if it's safe to get the COVID booster and flu shot at the same time, how a new blood test could catch early stages of cancer, why the night sky is bluer, the reason why NASA is crashing a spacecraft into an asteroid, and the fight over trash between cockatoos and Australians.   Depression Isn't Caused By Low Serotonin. So How Do Antidepressants Work? In 2001, a now classic Zoloft commercial hit the airwaves—featuring a sad little blob with a rain cloud following it around. The commercial explains that “while the cause is unknown, depression may be related to an imbalance of natural chemicals between nerve cells in the brain. Prescription Zoloft works to correct this imbalance.” That theory of depression as a chemical imbalance is based on a simple premise: Depressed people's brains lack serotonin. If a patient takes a serotonin reuptake inhibitor (SSRI), like Prozac or Zoloft, it boosts their serotonin levels, and their depression lifts. The trouble is that when researchers started testing this theory they found it didn't hold up. Serotonin is certainly involved in depression. But it's way more complicated than it originally seemed.To be clear, there is a body of research showing that antidepressants do work—it's just unclear exactly how they work. Read the rest at sciencefriday.com. Understanding Metabolism Genes Might Improve Depression Treatment Sometimes finding the right antidepressant medication is basically trial and error. Scientists are still trying to figure out why some antidepressants work for some people, but not others. Researchers at the Veterans Administration wanted to know if genetic testing might help doctors with prescribing the antidepressant best suited for their patients. Specifically, they examined genes that indicate whether or not someone is able to properly metabolize a medication. Ira is joined by Dr. David Oslin, professor of psychiatry at the Crescenz Department of Veterans Affairs Medical Center and University of Pennsylvania Perelman School of Medicine, to explain his latest research and its broader implications.   Transcripts for each segment will be available the week after the show airs on sciencefriday.com.  

An interview with David Gelles, author of The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America―and How to Undo His Legacy. In the book, Gelles profiles the man who ushered in a new, cutthroat era of American capitalism that continues to this day

Absa's new CEO, Arrie Rautenbach talks about the company interim financial results. Absa half-year earnings jump 27% and dividend pay-out doubled.      Pick n Pay's CEO Pieter Boone discusses the introduction of a new supermarket brand, dubbed Pick n Pay QualiSave, to the South African market.    Business book review with futurist Graeme Codrington, Partner at TomorrowToday. He takes Bruce Whitfield through The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy – it is a book by David Gelles.     Hulisani Ravele, the former YoTV presenter, 947 radio host and mental health awareness advocate shares talks about her early lessons with money then shares her philosophy towards investing and saving money on Other People's Money feature. See omnystudio.com/listener for privacy information.

Guest: Graeme Codrington | Futurist and Partner at TomorrowToday See omnystudio.com/listener for privacy information.

New York Times reporter David Gelles claims in his latest book that legendary General Electric CEO Jack Welch is the root of all that's wrong with capitalism today. The title of his book is "The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America – And How to Undo His Legacy." Mr. Gelles says while Welch made G.E. the most valuable company on Earth, his strategies ultimately destroyed what he loved so dearly. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sam and Emma host David Gelles, climate reporter for the New York Times, to discuss his recent book The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America-and How to Undo His Legacy. First, Sam and Emma dive into the role of the Dobbs decision in getting out the vote for Democrats, Pelosi's visit to Taiwan, DeSantis' attacks on restaurants hosting queer events, and Bill Cassidy says he'll vote for the Veteran healthcare bill when it's going to pass (which, of course, would be helped by his vote). Then, they're joined by David Gelles as he dives right into why he took an interest in Jack Welch after interviewing hundreds of CEOs that all tied back to his influence, with the straw that broke the back being his discovery of Welch's proteges in the financialization of Boeing in the lead up to their multi-crash fiasco in the 2010s. Next, he dives into a history of Welch and GE, the latter which served as the pinnacle of welfare capitalism up until the former's takeover at the start of the ‘80s, beginning with how his arrival as CEO brought in a framework of economics built on the back of Milton Friedman and incentivized by one Ronald Reagan. Sam, Emma, and David then dive into the capitalist revolution that Jack Welch oversaw, moving the industrial emphasis from holistic production to efficient production, emphasizing outsourcing for cheaper labor and financialization that put a focus on filling the pockets of shareholders and executives, before expanding on the greater cultural changes, including a shift away from the industrial production GE was known for to a constantly churning and diversified portfolio – from media to crediting and subprime mortgages – that effectively turned the company into a deregulated bank, and the move towards efficiency in the workplace that began to kill the innovation that had defined their role in US production. After a quick discussion on how Welch went out of his way to engage with unionized labor, Gelles dives into Welch's influence on Boeing (and the rest of the neoliberal world), the role of media and media control in this economic revolution, and the failure of neoliberal governments to actually reign in capitalism via regulations. They wrap up the interview by diving into what needs to change to move away from Welch's vision for American profits, and the role of Capitalism as inherently contributing to this issue. And in the Fun Half: Sam and Emma discuss the disaster in Kentucky and the stupidity of red state/blue state culture, discuss Roger Stone and Matt Gaetz's ever subtle discussion about “the boss” making sure they didn't “do time” (who knows what that could be about), and discuss Lucas Kunce's opponent's local fundraising tactic: take from your own bank account! Joe Manchin gets on Meet the Press and does a pretty little dance around actually supporting his party, the Good Liars crash the burial sight of Ivanna Trump (horrifying!), and Bro Flamingo dives into employment and the economy. Sam from Oregon discusses disagreement and denouncement on the left, Justin from Chicago thanks twerking for his politics, and Sophia from Atlanta dives into the impact of Georgia's “Guns Everywhere” law on the presence of non-murder-affiliated activity in the region. They also touch on DeSantis relying on a 1947 ruling to punish a restaurant throwing community drag events, plus, your calls and IMs! Check out David's book here: https://www.simonandschuster.com/books/The-Man-Who-Broke-Capitalism/David-Gelles/9781982176440 Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! http://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: http://majority.fm/app Check out today's sponsors: LiquidIV: Cooler weather makes it easier to miss signs of dehydration like overheating or perspiration, which means it's even more important to keep your body properly hydrated. Liquid I.V. contains 5 essential vitamins—more Vitamin C than an orange and as much potassium as a banana. Healthier than sugary sports drinks, there are no artificial flavors or preservatives and less sugar than an apple. 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That man is the late and lionized CEO of General Electric, Jack Welch, whose relentless pursuit of quarterly earnings and shareholder value at the exclusion of everything else influenced generations of CEOs and his approach could be the single biggest reason the U.S. finds itself in the precarious economic and political state it is. Ralph speaks with New York Times columnist, David Gelles, who wrote the book on Welch, “The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America — and How to Undo His Legacy.” Plus, Ralph rails against the proposed congressional handout to the microchip industry and the Senate oversight committee's lack of oversight of the Pentagon budget.

This week, Alexis gets non-technical with David Gelles, Climate reporter at the New York Times and Author of 'The Man Who Broke Capitalism.' They talk about suburban good mornings, CHAPSTICK!!!!, child wave blockers, American Willpower, and attending high school in a church attic (naturally!). You can find David on Twitter at twitter.com/dgelles and Alexis at twitter.com/yayalexisgay or instagram.com/yayalexisgay and twitter.com/NonTechnicalPod.This episode is sponsored by Betts Recruiting! If you're a high-performing professional looking for your next opportunity, it's time to become a Betts Connect Community member. Apply to join Betts' exclusive network, and if you're accepted, those tech startups will reach out to YOU. Apply now for your exclusive lifetime membership at bettsrecruiting.com/nontechnical

New York Times reporter David Gelles claims in his latest book that legendary General Electric CEO Jack Welch is the root of all that's wrong with capitalism today. The title of his book is "The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America – And How to Undo His Legacy." Mr. Gelles says while Welch made G.E. the most valuable company on Earth, his strategies ultimately destroyed what he loved so dearly. Learn more about your ad choices. Visit megaphone.fm/adchoices

Author and journalist David Gelles chats to us about his book: “The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy”

Vol. 2 episode 11Greetings,What do Baptists and astrologers have in common? You will have to listen to this episode to find out. Oh, how the plot here at Off the Charts! thickens.Oh, okay, I'll tell you. It's story. A good Baptist preacher and a good astrologer, or the kind Elisabeth and I like anyway, know how to tell a good story. There is a plot line, a setting, a cast of characters, a conflict that must be overcome in order to grow and be at peace…and you can identify with the whole shebang. You can derive meaning from it. You can see how it instructs the way you matter to the world, in whatever way small or large.Now, am I endorsing the Baptists? Not necessarily. But neither am I knocking them. There is nuance here, and for that, you will need to listen to this episode, since, naturally, I tell you a story of my summer among the Southern Baptists that helps flesh out my meaning.Story is the gateway and substation for how we can approach what is real and enduring in our world. For me, this is Nature. For some, such as the Baptists, it's God, but if you follow that line of thinking, God made nature, so, if you're really going to listen to the Gospel, you will have to encounter and reckon with your relationship to Nature.And if you're not ecclesiastically inclined, well, as Elisabeth (who counts several atheists among her clientele) points out, the recent photos from the Webb telescope, reaching back 4.6 billion years and perhaps reaching forward just as many years in time should stop us cold in our tracks if we think our dramas are without precedent.Here in this photo, contained in one little pinprick of starlight in the darkness, are thousands and thousands of galaxies, maybe more! Each fleck of light contains multitudes. As Elisabeth asks, how is it possible we are the only sentient beings with that many possibilities of reality creation? How can we seriously think our little boundaried lives full of up and down hierarchies and either/or thinking are a match for the mighty swell of endlessly shapeshifting light? With every photo, the blasphemy of a linear paradigm becomes more evident.Regardless of how you seek meaning and mattering in life, whether through a gospel, a clinical study, a critical analysis, a canon of some kind of literature, or like me, through Nature…story is the gateway, and with our technology showing us how endless and beautiful our possibilities are, the more important it becomes to choose which stories we want to help establish some way of being intimate with the world, lest we become lost in its infinity. Similarly, if we chose to temporarily allow ourselves to be lost in our universal infinity, we need a story to tether us to our lives, to help us find our way back.If there is a straight line, it merely intersects a circle. Where in the universe is anything proscribed by a right angle, a parallel line? Straight lines connect us to the stars, but only when we draw them, superimposing geometry onto the cycles within cycles that loop through and around us across the universe. Whether they be plot lines or lines of thought, we choose to draw lines to proscribe and describe what is too vast for us to comprehend without aid. But too often, we become fooled into thinking the lines are what are real. Yet, they are impermanent, not the truth, and entirely manmade.Our minds and our hearts are where we hear the echo of infinity.They are both the vehicles and the vortices for traveling the myriad possibilities all around us. The more we learn about the universe's past and future, the more we will be called upon to understand the import of the now. How can we do that if we do not allow ourselves to see beyond and through the lines?And astrology is one of multiple ways we can do that, as we make plain in this episode.Also in this episode…We discuss how the New York Times, per usual, when reporting something pretty damned amazing, miss the point entirely. But you won't miss the point, and it will really excite you — whaddya know!? The world is made up of cycles within cycles! And so are we! Who knew? You did because you are a fan of Off the Charts!Also, a well-known, highly respected journalist, Amanda Ripley cries foul on the media and admits she doesn't even consume news herself. Hmm. We have thoughts about this.Plus, the usual planets in review. This time we talk about Mars in Taurus and why it feels like such a slog. Maybe you've noticed. We tell you how and why. Boris Johnson, Joe Biden, and maybe you, too, can expect to feel a little burn next week.Also, who is the current poster child for this transit? None other than outgoing and disgraced UK Prime Minister BoJo whose chart also gives us an opportunity to explain a few other astrological terms you might find interesting. What might any of this say about the UK itself?We also wonder, were you impacted by the recent eclipses? How would you know? What does it even mean to be eclipsed? And what do they have to do with this damned covid that just won't stop dogging our heels in this country?Ask Us Anything!Our next episode will feature your questions. If you have wanted us to cover something or wondered why we think what we think, now's your chance to ask! Please leave your comments and questions for us by responding in the comments section of this post. Or, by clicking here:You can also visit Elisabeth's website and fill out her contact form or tweet at her!I am still here in Tennessee, where the Baptists do not mess around when it's supper time. We're talking fried chicken, mashed potatoes, and oh, I can barely stand it — cheesy biscuits. And, cakes. Lots of them. My mother helped herself to mine before dinner. (The gravy was way better than it looks.)Goodies for paid subscribers onlyIf you want more silly bits from Elisabeth and me, like proof of my obsession with Southern baked goods, or Elisabeth's penchant for bursting into song, please consider becoming a paid subscriber. I want to thank those of you who have committed your material resources to us in the past couple of weeks — I am now shopping for a new mic and better editing software!!Thank you!For you, we are sending you a special email of outtakes, including a conversation Elisabeth and I had about Jack Welch, the late CEO of GE, about whom a new book has just been released, The Man Who Broke Capitalism by David Gelles. Why now? His chart tells why. Also included, what do the Amish know…? Elisabeth can't remember.Be on the lookout for that in the next week. We will send it just when you need a little jolt of fun. :)And if you've not subscribed yet, why not? Let us know what we might be able to do that would make it worth your while. Until then, we are so grateful to you all for your continued fandom and support. Don't forget to leave a comment even if you don't have a question. And, please “like” us if you do indeed like us, because we are starting to get more attention and that can only help us get better. Until next time, look up!Whitney (and Elisabeth, too)*The answer is me! I am an astrologer who has been spending time eating biscuits at Baptist church suppers. But there are other overlaps, too, of course.Below are charts and links mentioned in this episode.The Quest by Circadian Medicine to Make the Most of Our Body Clocks - The New York TimesOpinion | What news designed for 21st century humans might look like - The Washington PostWhy Media Billionaires Gather in Sun Valley - New York Magazine This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit ensouled.substack.com/subscribe

"New York Times" reporter David Gelles is the author of the best-selling book about Jack Welch entitled "The Man Who Broke Capitalism." In addition to going deep into the Chairman and CEO of General Electric, we discuss Boeing and the climate, Gelles's beats too. See omnystudio.com/listener for privacy information.

Ryan talks to David Gelles about his new book The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America―and How to Undo His Legacy, the importance of developing a strong will, David Gelles is a reporter for the Climate desk and the Corner Office columnist for the New York Times. Before joining the Times in 2013, he spent five years with the Financial Times. At the FT, he covered tech, media and M&A in San Francisco and New York. In 2011 he conducted an exclusive jailhouse interview with Bernie Madoff, shedding new light on the $65 billion ponzi scheme.InsideTracker provides you with a personalized plan to improve your metabolism, reduce stress, improve sleep, and optimize your health for the long haul. For a limited time, get 20% off the entire InsideTracker store. Just go to insidetracker.com/STOIC to claim this deal.The Daily Stoic is now available as a Shortcast on Blinkist. You can revisit past episodes or get through ones you missed—all with a fresh perspective and even a few updates in insight-packed listens of around 15 minutes. Check it out at blinkist.comTen Thousand makes the highest quality, best-fitting, and most comfortable training shorts I have ever worn. Ten Thousand is offering our listeners 15% off your purchase. go to Tenthousand.cc/stoic to receive 15% off your purchase.MUD WTR is a coffee alternative with 4 adaptogenic mushrooms and ayurvedic herbs with 1/7th the caffeine of a cup of coffee. Go to mudwtr.com/STOIC and use code STOIC to get 15% off your first purchase.✉️ Sign up for the Daily Stoic email: https://dailystoic.com/dailyemail

SEGMENT 1 with David Gelles, starting at 0:00: In our society today, we revere many of our most financially successful business leaders with almost religious dedication. Think about all the memorials at Apple stores by consumers when Steve Jobs died… or the respect that Elon Musk, Jeff Bezos, and Richard Branson get. Is this deserved?SEGMENT 2 with Ivy Walker, starting at 19:00: I always said that if entrepreneurs knew the risks they were taking in starting a business, they never would be doing it. Risk management is something that every small business owner needs to do. Here to simplify it for entrepreneurs and small business owners is Ivy Walker. SEGMENT 3 with Garrett Baird, starting at 36:15: Bookkeeping and accounting consistently confounds small business owners. How can we make it simpler? Garrett Baird is here to help.Sponsored by Truly Financial.

Doug speaks with Ellora Derenoncourt, co-author of a National Bureau of Economic Research paper about the racial wealth gap from 1860 to 2020. Then, an interview with David Gelles, author of The Man Who Broke Capitalism, about Jack Welch, CEO of GE from 1981 to 2001.Behind the News, hosted by Doug Henwood, covers the worlds of economics and politics and their complex interactions, from the local to the global. Find the archive here: https://www.leftbusinessobserver.com/Radio.html See acast.com/privacy for privacy and opt-out information.

Behind the News, 6/16/22 - guests: Ellora Derenoncourt on the racial wealth gap; David Gelles on Jack Welch - Doug Henwood

Kara and Scott sounds off about the rumors of a Netflix-Roku deal. Also, the Senate could vote on two antitrust bills this month. And Meta is delaying its rollout of AR glasses. Friend of Pivot, David Gelles to discuss his new book on Jack Welch, "The Man Who Broke Capitalism."You can find David's book here. Send us your Listener Mail questions by calling us at 855-51-PIVOT, or via Yappa at nymag.com/pivot. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Donald Trump knew he lost the election, yet conned millions of Americans into thinking there was fraud and that he was the rightful victor. That's the allegation laid out publicly today by the January 6 committee. The proof put forward came from Trump's own advisers and former attorney general, who said they told Trump they did not see any evidence of fraud that could change the election outcome. Joining the show to discuss are Norm Eisen, who recently authored a guide to the hearings, "Trump on Trial"; and Asha Rangappa, a lawyer and former FBI special agent. Also on today's episode: Pulitzer Prize winning journalist Ed Yong, author David Gelles, and ABBA member Björn Ulvaeus.  To learn more about how CNN protects listener privacy, visit cnn.com/privacy

You can find David Gelles meditating in Barre, fairly laid back and would like to have interned at Apple. His book “The Man who Broke Capitalism” is available and he takes a Beyond the Mic Short Cut. Beyond the Mic with Sean Dillon is the conversation series where actors, artists, authors, and more go deeper than a traditional interview. They go “Beyond the Mic”.

How big index fund and ETF providers have increased their sway over publicly-traded companies while potentially discouraging competition. What can be done about it?Topics covered include:How market share for assets under management has become increasingly concentrated with big fund complexes like Vanguard and BlackRockWhat is a fiduciary relationship and how do asset managers serve as fiduciariesWhy do investors in index funds and ETFs have no input as to how fund sponsors vote on shareholder proposalsWhat percentage of outstanding shares do Vanguard and BlackRock own of publicly traded companies like Apple, Target, or gun manufacturersHow Vanguard and BlackRock use engagement and voting policies to influence publicly traded companies, particularly when it comes to climate risk and diversityHow ownership by Vanguard and BlackRock in publicly-traded companies in the same industry could discourage competition.What can be done through regulation or through individual action to reduce Vanguard and BlackRock's influenceSponsorsPolicygenius - save over 50% on life insuranceWealthfront - get your first $5,000 managed for free for lifeShow NotesWhat BlackRock, Vanguard and State Street Are Doing to the Economy by Farhad Manjoo—The New York TimesInvestment Company Fact BookWorld's Top Asset Management Firms—ADV RatingWest Virginia Treasury Drops BlackRock Over Stance on Climate Risk by Alicia McElhaney—Institutional InvestorHow an Organized Republican Effort Punishes Companies for Climate Action by David Gelles and Hiroko Tabuchi—The New York TimesThe Future of Corporate Governance Part I: The Problem of Twelve by John C. Coates, IVLarry Fink's 2022 Letter to CEOs: The Power of CapitalismBlackRock's gun money by Dan Primack—AxiosInvestment Stewardship 2021 Annual Report—VanguardProxy Voting Policy for U.S. Portfolio CompaniesAnticompetitive Effects of Common Ownership by José Azar, Martin C. Schmalz, and Isabel TecuCommon Ownership and Industry Profitability: A Crossindustry View by Haifeng Wang, Jan-Carl Plagge, James Rowley, Roger A Aliaga-DiazHow ESG investing came to a reckoning by Harriet Agnew, Adrienne Klasa and Simon Mundy—Financial TimesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Global Policy Watch #1: The Man Who Broke Capitalism?Global policy issues relevant for India- RSJOver the last couple of years, I have run through a list of books in what I call the ‘crisis in liberalism’ genre. There is a template that most of these books follow – begin with the fall of the Berlin wall, remind readers about Fukuyama’s ‘The End of History’ paper, run through the mistakes that a triumphal liberal order made through the next two decades, talk about capitalism running amok leading to the global financial crisis and then build a grand theory for the populist backlash we saw in the last few years.I wrote about these books on these pages. The list is long – The Globalisation Paradox, Radical Uncertainty, Radical Markets, The Light That Failed, The Code of Capital and maybe you could add the various Piketty books in here too. There’s a cottage industry that’s built up here and you can say I’m a huge patron of their artisanal products. Well, the good news is there’s a new addition to this genre this week. “The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America--And How to Undo His Legacy” by David Gelles. The title is a mouthful, but it is also convenient. It says everything it has to say in its unwieldy length. There’s not a lot more in the book except trying to retrofit all kinds of ills of capitalism seen today by the author back to Jack Welch. Gelles is all over the media this week (here, here) talking up the book and making the same points over and over again. And it got me thinking on two counts. One, why business management research and literature is almost always garbage? And two, why do we get public policy on managing business and capital wrong so often?On the book itself, I will try and summarise (in deliberate broad strokes) the three key arguments Gelles makes:There was some kind of a ‘golden age of capitalism’ in the thirty years after WW2. Companies took care of their people, distributed wealth equally, happily paid the taxes and employed people for life. Businesses saw themselves as more than profit maximising engines. There was a feeling of loyalty to the country, a fraternal sense of belonging to a community and a wider obligation to the supporting the government. All quite nice.Then in the early 70s, Friedman wrote that shareholder value maximisation paper (“The Social Responsibility Of Business Is to Increase Its Profits”) and the world was never the same again. Businesses focused more on their profits and soon lobbied for lower taxes and greater freedom in conducting their affairs. Reagan and the conservative revolution of small government followed. Into this mix came in Jack Welch as the CEO of GE, the iconic American institution. Welch singlehandedly destroyed capitalism as we knew it. He laid off people, shut factories, offshored jobs, built a shadow bank called GE Capital that reaped the benefits of financialisation, obsessed over meeting quarterly EPS numbers, stack ranked the employees in a bell curve, created the cult of CEO worship and initiated everything that you find wrong today in business. Quite an extraordinary feat in doing bad things at work. In Gelles’ words: “He's on the Mount Rushmore of men who screwed up this country.” The book then goes onto show how Welch’s long shadow still haunts corporate America despite obvious evidence that he got it all wrong. GE is among the worst-performing stock in the last two decades. It announced last year it plans to split itself into three different businesses to unlock shareholder value. GE Capital, the engine that Welch built, is defunct. Yet, business leaders worship at the altar of quarterly earnings, force ranking employees, financial engineering, building personal brands and negotiating ever increase compensation packages for themselves.  So, what’s the solution? I’m not sure if I understood it from the book. Gelles isn’t advocating for socialism surely. But he does throw around words like stakeholder capitalism and praises the current CEO of Unilever and the founder of WEF that holds an annual event at Davos for their efforts to build compassionate capitalism. Some kind of a future where we don’t measure companies on shareholder value but another set of metrics involving all stakeholders that rein in the single-minded pursuit of profits is his solution. All quite fuzzy because he seems to run out of steam by the end of the book. All that Welch bashing is tiring.Let me digress a bit here.When I started my career, the ‘GE way’ was a rage in corporate India. I remember picking up a pirated version of Welch’s autobiography from a streetside vendor at Kala Ghoda. Everyone I knew was reading it. Except for the parts about his growing up that were written with some honesty, the book was terrible. All the stories followed the same pattern. Welch gets a call and goes down to a factory floor or to a customer site. There he hears or notices something small that gets him thinking. Then he finds someone young who reminds him of his younger self – direct, analytical and abrasive. Welch decides either on shutting down or buying a new business based on his gut. He gives this young man (almost always a man) the mandate to do it. Young man does the magic and Welch basks in his foresightedness.Interspersed between these familiar stories, I got Welch’s views on lifelong employability (not employment), how to be tough but fair, his views on the future of business and, of course, six sigma.Ah, Six Sigma.You couldn’t ignore Six Sigma in India during those days. Welch had elevated it into some kind of a religion at GE. Everyone had to follow it. There were weekly Yellow belt and Green belt training programmes in every company where employees would be taught some basic statistics, and something called the DMAIC model. If you did well, you would then go on to a rigorous Black belt certification programme. The ultimate big daddy of them all was the Master Black belt - a Shaolin master with scores of Black belts in his stable who could be unleashed on any problem. All Master Black Belts came from GE and for them, the answer to every single problem was a Six Sigma project. Complaints about canteen food in the office? Run a Six Sigma project. Spending too much on office stationery? Why, Six Sigma can help. People quitting because the work is drudgery? No problem, Six Sigma will solve it. I even remember a training programme where a Six Sigma expert told us he could solve the Israel-Palestine problem using Six Sigma if only they invited him. To me the whole thing, as it was run in India, was a charade. There was no new idea or insight that came out following it. It was just bureaucracy with some babus lording over us because they were certified in this nonsense. Japan was always shown as a shining example of the success of such techniques. I guess no one had heard about Japan’s lost decade.Anyway, reading the book and seeing the success GE had then under Welch, I was convinced of two things. One, he foresaw the two trends of globalisation and financialisation way earlier than others. He figured both the threats and opportunities they presented and moulded GE to take advantage of them. He did this better than anyone else who was running a large business then. Two, he realised that running a diversified, globally distributed enterprise requires a certain ‘way’. So, he codified it - bell curve for ranking employees, global training centres for creating a kind of manager, Six Sigma as the common language to solve everyday problems and a common scorecard to rate business performance. In his scheme of things, process and order were more important than individual enterprise and innovation. GE probably didn’t produce a single world-beating product during his time but they did make truckloads of money for shareholders by being more efficient and faster to market than their competitors. And that didn’t happen by just mindless shutting down of plants or fudging the books as Gelles seems to allege.    Coming back to the book, I have three problems with it.First, there’s no pause to consider the counterfactual turn of events. Had Welch not done what he did at GE, what would have been the alternative history? It was clear by the early 80s that cheaper, and often better, consumer durables and industrial products were coming into America from Japan and the Tiger economies of the far east. American labour was getting more expensive, especially the retirement funds of workers that were run often on a defined benefit programme. Remember the great American motor companies had to be bailed out after the GFC in 2009 because they couldn’t fund the pension benefits of their ex-employees anymore. Welch was realistic enough to understand there wasn’t going to be any breakthrough technology that could change the businesses that were cash cows of GE. A refrigerator is a refrigerator. They had become commodities. Welch took a hard look at it and asked why couldn’t GE take the battle to the challengers? Why couldn’t GE outdo them in being more efficient, using the same sources of labour as them and getting into newer businesses? The breakup of the USSR and the opening up of economies around the world helped him to go overseas. So did the steep fall in telecom rates that powered the BPO revolution. He also figured he could use the large cash flows his core businesses generate to build a financial institution. And he created a behemoth in GE Capital.These two decisions extended the lifespan of GE and, perhaps, saved a lot of jobs. GE might be thinking of splitting itself into three today but these are still reasonably profitable businesses employing thousands of workers. The graveyard of corporate America is packed with companies who once competed with GE in sectors as varied as electricals (Westinghouse, Whirlpool), packaging and plastics (Tyco), and household goods (Xerox, Kodak)…the list is long. They died because they didn’t do what GE did then. You can accuse Welch of being just a manager who got a couple of trends right and rode them but who didn’t innovate and build genre-defining products. That’s fine. Not being a gifted innovator isn’t really a moral failure. But Welch ran a management template that worked for its time. A lot that was good in that has helped other enterprises manage scale and complexity. He overdid things for sure and that toxic legacy of being obsessed over quarterly EPS targets, financial re-engineering to meet them and treating people as expenses is uniquely his too. But, on balance, he was responding to the incentives that he and GE had during that time.The problem with a lot of business management books is that they use the hindsight of success or failure to go back and find reasons for it. This is a useful exercise in history. And it should be only read as history. As one version or interpretation of events. The trouble is many of these books start peddling these as some kind of deeply researched scientific material. It is not science because every single one of them will fail the falsification principle of Popper to demarcate science from non-science. Pick any book that teaches the Toyota way or the Netflix method of managing people and apply them in another context. The success rate of any such application, however generously you may use the term, is still quite low. In fact, the moment I see a book written on the unique way a company does something, I realise the company has jumped the shark. Gelles’ argument about Welch being the one man responsible for breaking capitalism is as flawed as the many books urging companies to follow the GE way a couple of decades back. There’s no science or verifiable truth here.Second, the book has an America centric view of how Welch made things worse. Sure, Welch shut down plants and shipped jobs offshore. And you could argue that made lives of American workers worse. But that trend was already inevitable. I don’t know about you but I don’t think the pre-Welch era, say of the 70s, was some kind of golden age for capitalism. People were still protesting against inequality, wars and seeking global brotherhood. Inflation was high. Diversity in corporates was low. Politicians were being voted out of power because of how they fared on economy. Doesn’t sound like a golden age to me.Gelles blames Welch for hollowing out the industrial belt and increasing inequality in the American society. Maybe it is true. But what about the countries where Welch set up new shops? Without Welch, there wouldn’t have been millions of jobs created in places like India, China, the Philippines and Eastern Europe. In the mid-90s, GE was the biggest customer of the then-fledgling Indian IT companies. The likes of TCS, Wipro and Infosys scaled on back of GE business that at various times accounted for about a third of their revenues. By the late 90s, GE began the BPO boom in India and other companies followed. Almost every company would visit the GECIS centre in Gurgaon to see what’s possible to outsource in India. You could claim with some confidence that he created the most jobs in the history of independent India. I witnessed this first hand. An entire generation made a good living and gained global experience because of the platform GE created in India. There is a good argument then that he might have actually reduced global inequality because of his actions. GE was a global enterprise. Why should only American workers and equality in American society matter in judging his legacy?Lastly, it is easy to diss Friedman and his famous paper on maximising shareholder value without understanding him fully. Friedman didn’t advocate some kind of cut-throat capitalism where nothing else except profits mattered. He was a better thinker than that. I wrote about this a couple of years ago on the 50th anniversary of that Friedman paper and Raghuram Rajan’s assessment of it:Over the years it has been attacked and its central message discredited in the light of the global financial crisis. Even businesses are reluctant these days to invoke shareholder value maximisation as their goal. There have been calls for societal value maximisation, stakeholder wealth creation and conscious capitalism to replace the Friedman doctrine. All good intentions aside, nothing has truly replaced it in how businesses operate. What explains its enduring appeal? Three reasons:A simple and measurable metric: The shareholder value maximisation goal is easy to set and monitor. It helps that there is a common understanding of the metric. The alternatives are amorphous. It is difficult to understand what does maximising societal value entail, for instance. Who will define what society wants? Are societal objectives of India and the US similar?Rewarding the risk-takers: The shareholders invest risk capital in an enterprise. This willingness to take risks is what leads entrepreneurs to build new products, satisfy the consumers and create new jobs. The shareholders deserve the pursuit of maximum return by the firms for this risk they undertake. It is up to them what they do with these returns. They can invest it in newer enterprises or use it to improve the society as they deem fit. The management or anyone else should have no claim on how to invest the returns that belong to the shareholders.Shareholders are the residual claimants: Everyone who contributes to the value creation of an enterprise – the employees, the management and the customers – get their fixed claim on the value through compensation for their efforts, stock options and the value derived from the products or services offered by the enterprise. Only when these fixed claimants are served well, the value for the residual claimant (the shareholder) is maximised. So, the pursuit of shareholder value will by itself serve the other stakeholders well.Any kind of over-indexing on input metrics (like environment or society) instead of a residual metric like shareholder value runs the risk of the measure becoming a target and ceasing to be a good measure (Goodhart’s Law). The recent events around ESG investing and greenwashing are examples of this. See the Deutsche Bank story on this. More will follow.And to quote Friedman from his original article:“But the doctrine of “social responsibility” taken seriously would extend the scope of the political mechanism to every human activity. It does not differ in philosophy from the most explicitly collectivist doctrine. It differs only by professing to believe that collectivist ends can be attained without collectivist means. That is why, in my book “Capitalism and Freedom,” I have called it a “fundamentally subversive doctrine” in a free society, and have said that in such a society, there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception fraud.”   There is always a desire to ‘manage’ the economic system in a way that it allocates resources and rewards most efficiently. As we have seen over a few centuries now, this is a noble but flawed pursuit. It generates worse outcomes than a system that builds itself on fundamentals of human enterprise, behaviour and its response to incentives. There are many economic concepts that sound evil or counter-intuitive: efficient market mechanism, free trade, comparative advantage or Ricardian equivalence. But they work. There are reasons for market failures and there are extended periods of time when these failures are allowed to persist. But the beauty of spontaneous order is that the correction to its excesses is also built in. The correction is the time to learn from past mistakes and improve it. Not to call for discarding the system itself in favour of some kind of ‘planned design’. Welch was a remarkable manager – both a product of his times and someone who shaped his time. He pushed the boundaries in ways good and bad. That which was bad is already interred with his bones. The good must survive. India Policy Watch: Missing Pieces in the Jigsaw PuzzleInsights on burning policy issues in India— Pranay KotasthaneA popular way to think about strengthening the Indian Republic is to ponder on improving its institutions. However, this route often ends up in mere despondence over our many underperforming institutions. While confronting these demons is an absolute necessity, here’s another way to think about this issue: what are the meta-institutions that the Indian Republic is missing altogether?We aren’t talking here about institutions that don’t work, but institutions that don’t exist at all. And I’m not talking about the likes of a new sectoral regulator for cryptocurrencies, but about more important institutions, ones that could improve decision-making in governments across spheres.I don’t have a comprehensive list yet. However, there are at least three that I’ve heard many experts talk about.1. Parliament’s own think tankOf all the roles parliamentarians end up donning, our current structure equips them the least for the very function they exist: making well-designed laws in their constituents' interests. India’s MPs are not assigned any research budget or research personnel. Combine this congenital defect with the curse of the anti-defection law, and you get a structure that’s subservient to political party interests. Of course, some MPs do stand out despite these constraints, but it does appear that the odds are heavily stacked against them.Thankfully, a solution has emerged from civil society to fill this gaping hole: PRS Legislative Research — a 17-year old non-profit organisation that aims to provide independent and non-partisan research to the parliamentarians.However, just one such institution is not sufficient for an India-scale entity. What we need, in addition, is another much bigger research think tank of the Parliament, that’s paid from the Consolidated Fund of India and has researchers who develop deep expertise in specific areas over the years. Consider, for instance, the Congressional Research Service in the US. This federally-funded agency has over 600 employees who are specialists in a variety of policy domains.As the size of the Parliament increases after delimitation, and as policy issues keep getting more specialised, it’s imperative for India to invest in this missing institution.2. An independent fiscal councilThis institutional gap has been highlighted by the Thirteenth, Fourteenth, and Fifteenth Finance Commissions. While India has an institution (the Comptroller and Accountant General) to audit policies that are already in action, there is no institution that makes an independent financial evaluation of government policies before they receive the final approval.The result is that tall promises of handouts in electoral manifestos of parties often become government policies swiftly, without any regard to the fiscal sustainability or opportunity cost assessments. A recent example is the One Rank One Pension (OROP) scheme which was implemented in 2015 after appearing in the 2014 election manifestos of both the major national parties.An independent fiscal council then is an institution that is supposed to do three things. One, evaluate the quality of budget forecasts given how there is a wide gap between budgeted estimates and actual expenditures. Two, develop cost estimates of budgetary proposals ex-ante. Ang three, monitor if fiscal rules are being adhered to.Dr Govinda Rao writes in The Hindu that the global experience with such institutions has been largely positive:A study by the IMF (“The Functions and Impact of Fiscal Councils”, July 2013), documents that the existence of IFIs is associated with stronger primary balances; countries with IFIs tend to have more accurate macroeconomic and budgetary forecasts; IFIs are likely to raise public awareness and raise the level of public debate on fiscal policy. Case studies in Belgium, Chile and the United Kingdom show that IFIs have significantly contributed to improved fiscal performances.In Belgium, the government is legally required to adopt the macroeconomic forecasts of the Federal Planning Bureau and this has significantly helped to reduce bias in these estimates. In Chile, the existence of two independent bodies on Trend GDP and Reference Copper Price has greatly helped to improve Budget forecasts. In the U.K., the Office for Budget Responsibility has been important in restoring fiscal sustainability. Cross-country evidence shows that fiscal councils exert a strong influence on fiscal performances, particularly when they have formal guarantees of independence.Clearly a meta-institution we are missing.3. An institution for vertical and horizontal bargainingThis idea again comes from Dr Govinda Rao. He writes in his recent book Studies of Indian Public Finance that India lacks an institution that can act as a credible umpire between various states, and between the states as a whole on one side and the union government on the other. The National Development Council created for this purpose is defunct, the Inter-State Council is a part of the union government, the Rajya Sabha is no longer the council of states in reality, and finance commissions are dissolved after making their recommendations. The result is that there is no institution that can truly champion cooperative federalism. The GST Council perhaps performs acts as a bargaining and negotiation platform in the limited area of indirect taxation. To manage India’s heterogeneity, a meta-institution that is dedicated to horizontal and vertical balance is imperative.Another big lesson here is that the view that India’s government is oversized is inaccurate. The Indian State is quite anaemic when it comes to staffing for its core functions. We need more institutions, not fewer.What are some more missing meta-institutions in the Indian Republic? Leave a comment.India Policy Watch: The Paradiplomacy OpportunityInsights on burning policy issues in India— Pranay KotasthaneNote these two developments over the last few weeks: Tamil Nadu was first off the blocks to send a relief consignment to the crisis-stricken Sri Lanka. And as many as three Chief Ministers—besides the sons of two other CMs—made their presence felt at the World Economic Forum in Davos.Moreover, chief ministerial visits to business capitals of the world are now commonplace. Virtually every Indian state now has its own global investor summit. And yes, two states (Punjab and Kerala) already have departments for non-resident Indians.Put all these developments together and it becomes clear that Indian states are also geopolitical and geoeconomic entities. In the past, I’ve written how Australia gets around its low diplomatic corps strength by allowing its states to have their own trade and investment offices in other countries. India too should take this path, and encourage state governments to have permanent trade and investment desks in important business centres of the world.This view is not a popular one. The policy orthodoxy believes that since foreign affairs is under the Union List of the Seventh Schedule in the constitution, states have no role to play. Besides, state governments having their own foreign policy is at odds with the popular “one nation, one X” idea.But in my view, economic diplomacy by Indian states can be beneficial to all relevant stakeholders. It is in the states’ interest because they understand their comparative advantages, needs and challenges far better than the union government. Thus, they can choose to invest in external economic relations that are suited to their conditions.Economic paradiplomacy can also benefit the investors as they get to directly engage with the entity that controls crucial variables for running businesses, such as land, labour, electricity, and law and order.And finally, this strategy can benefit the union government as well. It frees up the already strained capacity of the external affairs and commerce ministries for broader issues. The role of states in the India-Israel relationship demonstrates that there is also a political utility:“Full diplomatic ties were established between India and Israel in 1992. Even after this move, collaboration with Israel was seen as a hot potato issue in India. The domestic implications of taking sides in what was essentially a religious conflict was a significant impediment to the ties taking off. A few Members of Parliament criticised this step on humanitarian grounds, arguing that New Delhi should have waited until an independent Palestinian state came into being. Some members of the ruling Indian National Congress feared that this step would be detrimental to their electoral appeal to the Indian Muslim community. The Babri Masjid riots further thickened the plot and the Indian government slowed down the pace of the partnership.It was under these circumstances that the Indian states were allowed to expand Indian collaboration with Israel. Traditionally, Indian states were kept out of India’s foreign policy debates. Even the Constitution assigned all matters of legislation related to foreign policy exclusively to the Union government. Consequently, the proliferation of collaboration between Indian states with Israel was a bold and unique experiment by the PV Narasimha Rao government. While this allowed relations to prosper, it also avoided the politico-religious undertones that would have been hard to suppress had this engagement been anchored by the Union government alone.”And so, economic diplomacy by the states is a win-win-win. For an India with global interests, its states have to come to the party. Should they be invited?HomeWorkReading and listening recommendations on public policy matters[Book] Dr Govinda Rao’s Studies in Indian Public Finance is a must-read for policy enthusiasts. I really hope OUP prices it such that the common Public can Finance the book purchase. Nevertheless, the book links to some classics in public finance. Here’s the compilation: Public Principles of Public Debt by James Buchanan, Public Finance and Public Choice: Two Contrasting Visions of the State by James Buchanan and Richard Musgrave, The Logic of Collective Action: Public Goods and the Theory of Groups by Mancur Olson, Public Finance in Theory and Practice by Richard and Peggy Musgrave, The Power to Tax: Analytic Foundations of a Fiscal Constitution by Brennan and Buchanan, The Calculus of Consent by James Buchanan, The Road to Serfdom by Hayek, and Democracy, Dictatorship, and Development by Mancur Olson.[Prediction Market] We’ve written previously about the utility of prediction markets in foreign policy. Check out this US-government project that is explicitly meant to ‘build a collective foresight capability that can provide U.S. Government policymakers with an accurate and nuanced rendering of the future’.[Report] Putting the Periphery at the Center by Happymon Jacob makes some excellent recommendations on Indian Paradiplomacy. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit publicpolicy.substack.com

SUBSCRIBE & SUPPORT THE SHOW: realignment.supercast.comThis episode and our expanded coverage are made possible thanks to our Supercast subscribers. If you can, please support the show above.REALIGNMENT NEWSLETTER: https://therealignment.substack.com/BOOKSHOP: https://bookshop.org/shop/therealignmentEmail us at: realignmentpod@gmail.comDavid Gelles, "Corner Office" columnist at The New York Times and author of The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America -- and How to Undo His Legacy, joins The Realignment to discuss how Jack Welch's 1981 assumption of the CEO role at General Electric ushered in a new, cutthroat era of American capitalism while permanently redefining the role of the CEO.

The legendary GE CEO wowed investors and mingled with celebrities. But New York Times correspondent David Gelles says Welch's aggressive tactics also caused irreparable harm to American industry. His book is The Man Who Broke Capitalism. David Bianculli reviews a Netflix comedy special by the late Norm Macdonald.

Lindsey Bell, chief markets and money strategist at Ally Invest, says that investors are engaging in a proverbial flight to quality by moving from the individual stocks and the security picking that fueled their interest in the market during the rebound from Covid to buying indexes and holding the market despite broader declines happening now. It's not the traditional way that investors seek safety, but Bell says that new investors are taking different paths as they get more involved in the market. Also on the show, technical analyst Michael Sincere says he believes recent rallies have been consistent with bear-market upturns and not with a market bottom, noting that he believes a bear market is in the cards before the market can have any meaningful, long-lasting rebound, and New York Times journalist David Gelles discusses his new book, "The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy.”

The legendary GE CEO wowed investors and mingled with celebrities. But New York Times correspondent David Gelles says Welch's aggressive tactics also caused irreparable harm to American industry. His book is The Man Who Broke Capitalism. David Bianculli reviews a Netflix comedy special by the late Norm Macdonald.

This week listen to the NY time journalist David Gelles talk about his new book with this title. How one man came to embody the 1980's shift to short term shareholder focus—and the negative legacy we are dealing with from this today. The stories we tell about business influence our perceptions of business- David Gelles tells a compelling story of how Welch's story, seen in hindsight, represented an important negative turning point in the history of business and a legacy we are having to turn from today. ** If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience. Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts. For transcripts and show notes, please go to: https://www.theconsciouscapitalists.com Thank you for your support! Timothy & Raj

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers talk to David Gelles of the New York Times about his new book The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy. They discuss the infamous former CEO of GE and his lasting negative effect on the American corporate landscape.  In the Plus segment: More with David Gelles.  Podcast production by Jessamine Molli. David Gelles is an author and a correspondent on the Climate desk at the New York Times. Thanks Avast.com! Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers talk to David Gelles of the New York Times about his new book The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy. They discuss the infamous former CEO of GE and his lasting negative effect on the American corporate landscape.  In the Plus segment: More with David Gelles.  Podcast production by Jessamine Molli. David Gelles is an author and a correspondent on the Climate desk at the New York Times. Thanks Avast.com! Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers talk to David Gelles of the New York Times about his new book The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy. They discuss the infamous former CEO of GE and his lasting negative effect on the American corporate landscape.  In the Plus segment: More with David Gelles.  Podcast production by Jessamine Molli. David Gelles is an author and a correspondent on the Climate desk at the New York Times. Thanks Avast.com! Learn more about your ad choices. Visit megaphone.fm/adchoices

What did Boeing know about the potential for disaster with its 737 Max passenger jet, and when did the company know it? Tom Jennings, director of the FRONTLINE/New York Times documentary “Boeing's Fatal Flaw,” and Times reporter David Gelles detail what their findings reveal about the lead-up to the two 737 Max plane crashes in 2018 and 2019 that killed 346 people.  In conversation with FRONTLINE Executive Producer Raney Aronson-Rath, Jennings and Gelles discuss what they learned about the technical issues with Boeing's fastest-selling commercial jet, as well as how market pressures, corporate culture and failed regulatory oversight ushered a plane with a fatal design flaw into commercial service. Jennings and Gelles also discuss what's changed since the crashes — and how they'd each feel about walking onto a Boeing plane now. The documentary “Boeing's Fatal Flaw” is now streaming on FRONTLINE's website, the PBS Video app and FRONTLINE's YouTube channel.

NYT Reporter David Gelles on PBS Frontline's latest documentary, “Boeing's Fatal Flaw”.

"La compañía alemana BioNTech, fundada por dos científicos, se ha asociado con Pfizer en una vacuna cuya eficacia se ha comprobado en más de un 90 por ciento.",  David Gelles en un articulo de The New York Times nos revela quienes están detrás de esta vacuna. Además, fuimos por otro articulo de Donald G. McNeil Jr., donde se pregunta "¿En qué momento logra un país la inmunidad (https://www.nytimes.com/es/2020/11/19/espanol/ciencia-y-tecnologia/inmunidad-coronavirus.html) grupal o de rebaño? ¿Qué porcentaje de la población debe volverse resistente al coronavirus, ya sea mediante la infección o la vacunación (https://www.nytimes.com/es/2020/12/17/espanol/vacunas-paises.html) , para que la enfermedad desaparezca y la vida vuelva a la normalidad (https://www.nytimes.com/es/2020/12/21/espanol/estilos-de-vida/agenda-2021.html) ?"

Today we talk about "Mindful Work" by David Gelles. Disclaimer, I'm just an idiot. I can't say half the words in the book but it opened my eyes to the technical side of the brain. Now this tale is centered around the workforce and fortune 500 companies using the eastern ways to boost capital, create efficient workers, and in some cases build happier environments. Follow @kylebhawan & @postedupnetwork to stay POSTED.

Our guest on the podcast today been called one of the most powerful women in finance. Sallie Krawcheck started her career as an equity analyst at Sanford C. Bernstein, where her reputation for impartial advice and criticism of conflicts of advice in the financial-services sector prompted Fortune magazine to call her the last honest analyst. She later moved to Citigroup, where she served as CEO of the firm's Smith Barney unit, Citi's chief financial officer, and CEO of Citi's, Wealth Management Business. In the latter role, she was an early advocate of a fiduciary standard for the brokerage industry. She went on to Bank of America where she served as president of the firm's wealth management unit. Sallie is currently the CEO and co-founder of Ellevest, a digital financial advisor for women launched in 2016. She is also owner and chair of Ellevate Network, a global network of women committed to promoting gender equality in the workplace. In the spirit of full disclosure, Morningstar Inc. invested in Ellevest in 2015 and 2019, and Morningstar Investment Management LLC, a subsidiary of Morningstar Inc. provides consulting services to Ellevest for their core portfolios. BackgroundSallie Krawcheck bio Ellevest Ellevate Network “In Search of the Last Honest Analyst,” by David Rynecki, Fortune, June 10, 2002. “BofA’s Krawcheck Backs a Fiduciary Standard,” InvestmentNews, April 20, 2010. “When Citi Lost Sallie,” by Geraldine Fabrikant, The New York Times, Nov. 15, 2008. “Sallie Krawcheck Wants to Take Women to the Top of Business,” by Abigail Jones, Newsweek, Dec. 23, 2014. Gender Pay Gap/Lifetime Earnings“The Narrowing, But Persistent, Gender Gap in Pay,” by Nikki Graf, Anna Brown, and Eileen Patten, Pew Research Center, March 20, 2019. “How a Common Interview Question Hurts Women,” by Claire Cain Miller, The New York Times, May 1, 2018. Salary History Bans: A Running List of States and Localities That Have Outlawed Pay History Questions, HRdive.com, 2020.“Unlocking the Full Potential of Women in the U.S. Economy,” McKinsey & Company, 2011. Education and Lifetime Earnings, Social Security Administration. Women and Caregiving, Facts and Figures, Family Caregiver Alliance. “The Trickle-Down Effect of Caregiving on Women,” by Kathleen Fitfield, AARP.org, Nov. 29, 2018. “Older Women Workers and Economic Security,” U.S. Department of Labor Issue Brief. “How to Stand Up for Paid Family Leave,” Ellevest.com, May 14, 2018. “How to Afford Parental Leave and Some Time Off,” by Sallie Krawcheck, Ellevest.com, Oct. 10, 2016. Diversity in the Workplace/Gender Lens InvestingGender lens investing definition “Gender and Diversity Funds: Intentional Or Not?,” by Madison Sargis, Morningstar.com, April 15, 2019."2 Options for Gender-Lens Investing," by Jon Hale, Morningstar.com, March 2, 2017. Pax Ellevate Global Women’s Leadership Fund “Why Diverse Teams Are Smarter,” by David Rock and Heidi Grant, Harvard Business Review, Nov. 4, 2016. “Diverse Teams Feel Less Comfortable—And That’s Why They Perform Better,” by David Rock, Heidi Grant, and Jacqui Gray, Harvard Business Review, Sept. 22, 2016. “New Research: Diversity + Inclusion = Better Decision-Making at Work,” by Erik Larson, Sept. 21, 2017. Women and Investing“Why Women Invest 40 Percent Less Than Men (and How We Can Change It),” by Jean Chatzky, Nbcnews.com, Sept. 25, 2018. “Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment,” by Brad Barber and Terrence Odean, The Quarterly Journal of Economics, February 2001.  “What Does It Mean to Invest Intentionally?” by Sallie Krawcheck, Ellevest.com, Nov. 19, 2019. “Women Reach Their Peak Salaries 10 Years Sooner Than Men,” by Patricia Nilsson and Hannah Murphy, Financial Times, Sept. 19, 2018. Benefits Planner/Life Expectancy, Social Security Adminstration. “Do Women Take As Many Risks As Men?,” by Doug Sundheim, Harvard Business Review, Feb. 27, 2013. "Sallie Krawcheck: The Retirement Crisis Is a Gender Crisis, Too," Morningstar.com, July 11, 2015. “For Some Widows, Breaking Up with An Advisor Is Easy to Do,” by Ilana Polyak, Oct. 11, 2014. “Women Put Financial Security at Risk by Deferring Long-Term Financial Decisions to Spouses, UBS Research Reveals,” UBS.com. “What Women Want in  a Financial Advisor,” by Kerry Hannon, Forbes.com, May 13, 2018. “Female Fund Manager Performance: What Does Gender Have to Do with It?” by Madison Sargis and Kathryn Wing, Morningstar.com, March 8, 2018. “Fund Managers By Gender: The Global Landscape,” Morningstar. Fiduciary definition “Let’s Demand Better from the Financial Services Industry,” by Sallie Krawcheck, Ellevest.com, Sept. 20, 2019. “How Wall Street Keeps #MeToo Claims Out of the Spotlight,” by Rob Copeland, Liz Hoffman, and Rachel Louise Ensign, The Wall Street Journal, Jan. 19. 2018. “Wall Street Has Been Unscathed by MeToo. Until Now,” by David Gelles, The New York Times, March 16, 2019. “My Best Career Advice ... Isn’t Career Advice,” by Sallie Krawcheck, Ellevest.com, Nov. 12, 2019. 

As Boeing finally takes a much-needed step and fires confrontational CEO, Dennis Muilenburg, Tom and Jay are recovered enough from their respective holiday food comas to consider some of this holiday week’s top compliance and ethics stories which caught their collective eyes.  1.     Boeing CEO (finally) fired. Natalie Kitroeff and David Gelles report on his missteps in NYT. Andy Pasztor, Doug Cameron and  report on his replacement in the WSJ. Tom and Matt consider ethics and the CEO in this week’s Compliance into the Weeds.  2.     Deputy AAG Mathew Miner on why companies should invest in compliance. Dylan Tokar in the WSJ Risk and Compliance Journal.  3.     Another DPA for the SFO and more corporate individuals acquitted at trial. Susan Hawley in the FCPA Blog.  4.     What is a textbook internal investigation? Matt Kelly explores.  5.     Is the Morning Show on Apple TV a wakeup call for corporate America? Sean Freidlin explores. 6.     What is the role of ESG in corp investing? John Huggie in the Harvard Law School Forum on Corporate Governance. 7.     The comp angle to managing multi-generations. Elliott Dinkin in CCI.  8.     What is operational resilience and why does it matter? Matt Kelly explores.  9.     How does Santa inform your compliance program? Tom explains in the FCPA Compliance and Ethics Blog.  10.  On the Compliance Podcast Network, this week Tom concluded a two-part series with MoFo partner James Koukios on the firm’s International Anti-Corruption Newsletter. Part 1 was the September newsletter and Part 2 was the October newsletter. Another two-parter you will want to check out is the Everything Compliance gang’s two-part podcast series reviewing compliance in 2019 under the Trump Administration. Part 1 features Tom, Matt Kelly and Jay Rosen. Part 2 features Sarah Hadden, Mike Volkov and Jonathan Armstrong.  Tom Fox is the Compliance Evangelist and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want more free audiobooks like this? Download our app for free at QuickRead.com/App and get access to hundreds of free book and audiobook summaries. Mindful Work provides a comprehensive introduction to the practice of mindfulness, covering what it is, how it works, and why we need it in our personal and professional lives. Taking examples from neurological research and leading US companies as well as individuals whose lives were changed, Mindful Work posits that practicing mindfulness can help us unlock not only our best selves, but the potential for a better world.

Selections from a recent talk with New York Times writer and author David Gelles who was on campus as part of the CCAD President’s Lecture Series. From the sculptor’s studio to the concert hall, mindfulness and meditation have emerged as essential tools for artists of all mediums, fueling them with inspiration and giving them enhanced focus. Gelles’ 2015 book Mindful Work brings together his 15 years of meditation practice and his work as a business journalist, shedding light on how business leaders have discovered that meditation can be key to fostering a happier, more productive workplace. View the full talk on CCAD's YouTube page, youtube.com/ccadedu

Chris is on a big adventure, so Bryan and Melanie are left alone to discuss hypersonic weapons and the challenges and opportunities they present for America's national security. Do they represent a "game-changer" for defense planners, or simply an incremental shift in technology? Will developing hypersonic weapons increase the likelihood of war? While the United States is beginning to invest in the offensive side of these weapons, is it doing enough to defend against a Chinese or Russian threat? Finally, Bryan gives his expert opinion on the series finale of Game of Thrones and Melanie shows some love for a public interest law firm working to help military families.     Links Jyri Raitasalo, "Hypersonic Weapons Are No Game-Changer," National Interest, January 5, 2019 Heather Venable and Clarence Abercrombie, "Muting the Hype Over Hypersonics: The Offense-Defense Balance in Historical Perspective," War on the Rocks, May 28, 2019 John Dolan, Richard Gallagher, and David Mann, "Hypersonic Weapons – A Threat to National Security," Real Clear Defense, April 23, 2019 Mary Kate Aylward, "Hypersonic Weapons: Revolutionary or Just New?" Army, August 15, 2018 Andrew Siddons, "McConnell Introduces Bill Making the legal Smoking Age 21," Roll Call, May 20, 2019 Ed Kilgore, "Military Brass Warn Trump Against Memorial Day Pardons for War Criminals," New York Magazine, May 22, 2019 Palko Karasz, "Iran Slams U.S. After Middle East Troop Buildup Is Announced," New York Time, May 25, 2019 Rónán Duffy, "Theresa May on the Brink As Andrea Leadsom Resigns from Government," The Journal, May 22, 2019 Alexander Smith, "European Parliament Elections: 5 Takeaways from the Results," NBC News, May 27, 2019 Audra D.S. Burch, David Gelles, and Emily S. Rueb, "Morehouse College Graduates' Student Loans to be Paid Off by Billionaire," New York Time, May 19, 2019 Institute for Justice Dan Mihalopoulos, Tweets, May 23, 2019 AP West Region, Tweets, May 27, 2019   Music and Production by Tre Hester

Leadership Coach Bekka Prideaux meets Rocci Pearson of The Rocci Tree about radical career change and her approach to running her business. She is also joined by Michelle Audouard of Mind For Wellbeing who reviews Mindful Work by David Gelles. Farrah Khan of Leighton Linslade Town Council tells us about an upcoming networking event. Book your place here.Finally, David Kosky of Black Circle Records tell us how he is using World Record Store Day to promote his business. With ideas for everyone, this episode was first aired on Leighton Buzz Radio on 2 April 2019

Segment 1: We first talk about the secret weapon that small business owners are starting to discover: mindfulness and meditation. It's already catching on at the New York Times! We'll show you how mindfulness and meditation can be the key to being happier and more productive in your company. David Gelles is the Corner Office columnist and a business reporter for the New York Times. At the Times, he previously covered mergers and acquisitions for DealBook. Before joining the Times in 2013, he spent five years with the Financial Times. At the FT, he covered tech, media and M&A. In 2011, he conducted an exclusive jailhouse interview with Bernie Madoff, shedding new light on the $65 billion ponzi scheme. He is the author of “Mindful Work: How Meditation is Changing Business from the Inside Out”. Segment 2: Taxes. It's a word that sends a shiver down the spine of every small business owner, especially this year with the change in the tax law, none of us really know what to expect. We speak with a tax attorney about the biggest tax changes affecting small business this year and what tax deductions you can potentially take advantage of. Steve Moskowitz, CPA is a tax attorney and respected authority on a variety of tax, legal and accounting matters and has been quoted by Forbes, the New York Times and CNN Money. Segment 3: What is it like to start an SAP business during the Great Recession and then 9 years later sell it? We talk to a small business owner about his lessons learned running his SAP start up. Yosh Eisbart has been an entrepreneur his entire life. At the beginning of Great Recession in 2009 with co-founder Michael Pytel, Yosh started NIMBL with $2000 – an SAP Business Software Consulting firm – and grew the business without any external funding to over 100 consultants for an eventual sale in 2018 to a global SAP Strategic buyer. Yosh is currently writing a book called “Start-up Sutras” – reflecting on 108 nuggets of experience gained during the NIMBL experience.Sponsored by Nextiva, Corporate Direct and LinkedIn

What is the best way to preserve the liberal international order (such as it is) going forward? Some counsel conservatism. Jennifer Lind and William Wohlforth argue that “the United States and its partners should consolidate the gains the order has reaped,” back away from democracy promotion, and resist the urge to add new members to existing alliances, especially those countries that bring more liabilities than capabilities. Are they right? Must the United States practice more discernment (Bryan’s word) or restraint (Chris’s), or does the order still depend upon American military primacy? Would it collapse or atrophy if the United States were less likely to employ force in the service of certain desirable, but non-essential, ends? Or would democracy and human rights flourish if promoted chiefly by the power of America's example, and carried forward by non-governmental organizations, as opposed to entities of the U.S. government? Also, Chris remembers Rep. Walter Jones, Melanie praises California Gov. Gavin Newsom, and, in a first, Germany earns both a grievance and (minor) attaboy in the same show.   Links  Jennifer Lind and William C. Wohlforth, "The Future of the Liberal Order Is Conservative: A Strategy to Save the System," Foreign Affairs, March/April 2019 Tony Bizjak, Tim Sheehan, and Rory Appleton, "No, Gov. Gavin Newsom Didn't Kill High-Speed Rail. But What's His Plan B?," Sacramento Bee, February 18, 2019  Adam Brinklow, "San Francisco Delay Mission Housing over Potentially Historic Laundromat," Curbed SF, February 14, 2019 Christian Britschgi, "New Kamala Harris Bill Asks Federal Taxpayers to Subsidize California's High Housing Costs," Reason, July 20, 2018 Peter Moore, "Most Americans Still Back the US's Defense Commitment to Other Members of NATO, Though Doubts Creep in When Asked About Specific Countries,"YouGov, April 01, 2014 Stephen Calabria, "Americans Conflicted About Which NATO Countires They'd Defend From Russia: Poll," Huffington Post, April 01, 2014 Kathryn Krawczyk, "Mick Mulvaney Says, 'Nobody Cares' About the Deficit. He Used To. A Lot," Week, February 06, 2019 Jonathan Chait, "Mulvaney: Trump Not Mentioning Debt Because 'Nobody Cares'," New York Magazine, February 06, 2019 “Mullen: Debt Is Top National Security Threat,”CNN, August 27, 2010,  Felicia Sonmez, "Walter Jones, 'Freedom Fries' Congressman Who Became Iraq War Critic, Dies at 76," Washington Post, February 10, 2019 David Gelles, "They're Rich and They're Mad About Taxes (Too Low!)," New York Times, February 12, 2019 Patricia Cohen, "In Amazon Fight, Progressives Showed What They Want: A New Economic Agenda," New York Times, February 16, 2019 Katrin Bennhold and Steven Erlanger "Merkel Rejects That US Demands That Europe Pull Out of the Iran Nuclear Deal," New York Times, February 16, 2019   Music and Production by Tre Hester

This episode explores emotion and the workplace, in particular, the value of emotion for leaders. My conclusion: we should encourage more emotion at work, and accept it equally regardless of the identity of the person expressing it. Do you agree? Let me know at unravelingpink@gmail.com.
 Resources from this episode: 
Tina Young, 5 Feminine Traits Conscious Leaders Cultivate
 Daina Middleton, Grace Meets Grit 
Serena Williams video
 John McEnroe video
 David K. Williams, Forbes.com, 7/18/2013, "The Best Leaders Are Vulnerable"
 Kurt Bardella, USA Today, 9/9/2018, "Sexism Cost Serena William Tennis Title; Men Celebrated for Worse" 
David Gelles, NY Times, 8/19/2018, "Elon Musk Interview"
 Katie Heaney, The Cut, 6/7/2018 "The Single Easiest Way to Control Your Emotions at Work"
 Nell Scovel, Oprah.com, "For Any Woman Who's Been Told She's Too Emotional At Work"
 Amy Nelson, Forbes.com, 8/29/2018, "Elon Musk Cries About His Tears" 
Marina Koren, The Atlantic, 8/2018, "Elon Musk New York Times Interview" 
Victoria L Brescoll and Eric Luis Uhlmann, Harvard Kennedy School study (2008), "Can An Angry Woman Get Ahead"

In the first of two special episodes that prove if you become old, you run into everybody again, Christian is joined in studio for a return visit from "Community", "Vice Principals" and "American Dad!" writer Tim Saccardo, where they pick up the conversation from Bladtcast episodes 10 and 11 (re-purposed for Bladtcast 242), including: sage-like advice from Al Bundy, TV short-hand, and a surprising deep dive on Tony Danza's career. They talk about dabbling in stand-up comedy, then make sure Dave Foley never wants to work with either of them. A conversation about Al Franken's latest book leads to a very spirited discussion about Saturday Night Live re-runs, and their favorite cast from the late 80's. They wonder how Bladtcast Nation first discovered SNL, talk about Eddie Murphy's laugh (and recent lack thereof), Inside Joke Dot TV and Inside Joke Productions, sound design on the cheap, and soliciting film festivals in the pre-internet days of the early 2000's. For internet search purposes, it's worth noting that this episode contains shout outs to Ronnie Coppola, David Gelles, Andrew Tavani,Kevin Miller, Benny Tudino (getting a back massage from Hoboken), David Rubin of the Rubin Report, Simmy Kustanowitz, Tom Kelly, Jenni Gilroy, Aaron Bleyart, Chris DeLuca, Carly Wray, Gladys Simon, Greg Cohen, Brian Stack, Max Weinberg, Argus Hamilton, Tom Dreeson and more!

MindfulNYU, in co-sponsorship with NYU's Leadership Initiative and NYU Stern's Leadership Development Program, is proud to bring you an evening dialogue entitled "Acting with Awareness: Mindfulness, Resilience and Leadership”. Dr. Amishi Jha and US Major General Piatt will discuss their work together bringing mindfulness training to active duty military cohorts in an interview-style evening dialogue, moderated by special guest and New York Times reporter, David Gelles. The insights and empirical evidence they have gained suggest that mindfulness is key for surviving, thriving, and leading in high pressure settings.

David Gelles is a New York Times reporter and author of "Mindful Work: How Meditation is Changing Business from the Inside Out". He started meditating as an anxious teenager, then spent a semester in India, and has been a sporadic, but devoted, meditator ever since. David is convinced of the power of mindfulness to change us personally and at work.

From the pressures of buying and receiving gifts to surviving awkward office parties, the holidays can be a stressful time of year. On a special edition of the "10% Happier" podcast, our host Dan Harris leads a roundtable discussion with two meditation teachers, Sharon Salzberg and Kate Johnson, as well as David Gelles, an author and New York Times business reporter who covers the meditation scene, on how meditation can help us get through the holidays.

In the midst of what some are calling the ugliest election ever, millions of Americans say they're feeling more stressed, anxious and just plain exhausted from it. One therapist even coined a term for this: "election stress disorder." As a remedy, many doctors are recommending meditation. On a special edition of the "10% Happier" podcast, we present a one-of-a-kind roundtable discussion led by our host Dan Harris about best practices for handling stress during the election. Dan is joined in-studio by two meditation teachers, Sharon Salzberg and JoAnna Harper, as well as David Gelles, an author and New York Times business reporter who covers the meditation scene.

Mitch Stoltz (@mitchstoltz) is a Senior Staff Attorney at the Electronic Frontier Foundation. Mitch works on cases where free speech and innovation collide with copyright and trademark law. His current projects include improving the legal environment for mobile software developers and tinkerers, fighting the use of copyright as a tool for censorship, litigation on the copyright status of mandatory safety codes, and legal analysis in the field of Internet television and video. Mitch also counsels clients on Internet video technology and open source software licensing. Before joining EFF, Mitch was an associate at Constantine Cannon LLP in Washington DC, where he worked on antitrust and copyright litigation on behalf of consumer technology, advertising, medical, and transportation companies. He also represented technology companies and trade associations before the Federal Communications Commission and other agencies. Long ago, in an Internet far far away, Mitch was Chief Security Engineer for the Mozilla Project at Netscape Communications (later AOL), where he worked to secure Web browsers against malicious Internet content and coordinated the security research efforts of hackers on three continents. Mitch has a JD from Boston University and a BA in Public Policy and Computer Science from Pomona College, where he co-founded the student TV station Studio 47. When not working, he can be found tinkering with electronics or chasing new levels of suffering on a bicycle. In this episode we discussed: key issues in the FCC's controversial set-top box proceeding. why copyright law does not apply in the context of set-top box manufacturers providing access to content consumers have already paid for. Resources: Electronic Frontier Foundation OmniFocus The Master Switch: The Rise and Fall of Information Empires by Tim Wu THE NEWS Yahoo! was the latest target of what Yahoo company officials say was yet another state-sponsored hack into the servers of American institutions. It's believed to be the largest hack of a single company, according to David Gelles of The New York Times. Some 500 million Yahoo user accounts were breached. The intrusion came as company officials were putting the final touches on Verizon's proposed $4.8 billion acquisition of Yahoo! Now experts are wondering whether the transaction is going to go through. ---- Jessica Guynn at USA Today obtained an email from Google revealing the tech giant's plans to open a diversity-focused tech lab in Oakland, California. The city is more than half African American and Latino. The tech lab, which is a partnership with MIT Media Lab, is called Code Next, and it is slated to open in October. Code Next is expected to work with the Oakland Unified School District in its efforts to bring more minority students into the tech sector pipeline. ---- Jessica Guynn at USA Today also reported on Facebook's new voter registration drive, which the company launched on Friday in the U.S. The company sent out voter registration reminders that sends users to vote.usa.gov, where they are guided through the registration process. ---- VR Company Oculus is doing damage control after it was discovered that the company's co-Founder, Palmer Luckey, donated $10,000 to a group called Nimble America, which is basically a trolling site that calls itself a QUOTE “shitposting” meme generator to help drump up support for Donald Trump among younger voters. Luckey apologized to his company and its partners. He says he is a libertarian who supports Libertarian presidential candidate Gary Johnson. Kyle Orland and Ars Technica has the full story. ---- Dating app Tinder and music streaming site Spotify announced a new partnership last week. Jacob Kastrenakes at the Verge reported last week that Tinder users will now be able to see each others' last few songs they listened to. All users, whether they are Spotify users or not, will be able to feature their one favorite song on their profile. ---- Catherine Ho at the Washington Post reports that John Boehner is headed to Squire Patton Boggs-a major lobbying and law firm. Boehner has also joined the board of Reynolds American--the maker of Camel cigarettes. Boehner will reportedly not be lobbying congress but will instead be advising corporate clients on global business development. ---- Last week, the Government Accountability Office reported grim news to the President's Commission on Enhancing Cybersecurity. The report states the number of cyber incidents involving the federal government has jumped 1,300% between 2005 and 2015. Joe Davidson at the Washington Post has the story.

Can meditation in the workplace really exist?   David Gelles is proving that it can and will show you how in this episode.   Our Guest: David Gelles, writes the Revalued column and other features for the Sunday Business section of the New York Times and he’s proving it’s possible. At the Times, he previously covered mergers and acquisitions for DealBook.   Before joining the Times in 2013, he spent five years with the Financial Times. In 2011 he conducted an exclusive jailhouse interview with Bernie Madoff, shedding new light on the $65 billion ponzi scheme. Mindful Work: How Meditation Is Changing Business from the Inside Out brings together David's career as a business reporter with his 15 years of meditation experience, and named a Best Business Book of 2015 by Amazon. Quick Preview of the Podcast: ·      How to make mediation a must in the workplace. ·      Lessons learned from successful companies who have made meditation a regular practice. ·      Why it’s more important now than it ever was to bring mindfulness into your work. ·      Tricks and tips to stay mindful in your work, even if it drags! Learn the power your work can have with meditation. FREE Guided Meditation for Self Care (led by Shannon): https://programs.shannonalgeo.com/selfcare-meditation

The author of "Mindful Work," New York Times reporter David Gelles is a self-described "sporadic meditator." During the day, Gelles says he uses so-called "meditation hacks," such as waiting a beat or two before picking up a ringing phone or practicing walking meditation around the office at work. Earlier this month, he wrote an op-ed for the New York Times Sunday Review called "The Hidden Price of Mindfulness, Inc.," in which he talked about the "mindfulness economy" and the hundreds of products out there, from books to apps to a dairy-free mayonnaise substitute called Mindful Mayo, all carrying a "mindfulness" label.

A New York Times reporter reveals what business leaders around the country are already discovering: meditation may be the key to fostering a happier, more productive workplace. The post OM057: David Gelles, NYT Reporter and Author of Mindful Work appeared first on About Meditation.

Perhaps one of the most surprising - and promising - trends in business today is the rise of mindfulness in the workplace. From small companies to multinational corporations, more and more people are meditating on the job, and with good reason: mindfulness can make us more focused, more effective, and happier. At first, the notion of yoga and meditation in the office seems like the province of Silicon Valley start-ups where employees bring their dogs to work and play football in the lobby. But in recent years, mindfulness has gone mainstream - as New York Times staff writer David Gelles sharesin MINDFUL WORK: How Meditation is Changing Business from the Inside out.As David shares, many of America’s largest companies, such as General Mills, Target, Google, and Aetna, have built extensive programs to foster mindful practices among their workers. This is because — as employees and employers are discovering, and psychologists and cognitive scientists have confirmed — mindfulness has tangible benefits. For workers, meditation lowers stress, increases mental focus, and alleviates depression. For companies, a more mindful workforce is more productive. Join Julie Ann and David for this insightful investigation into the growing trend among major companies, including Fortune 100 giants, to promote mindful activities like meditation and yoga in the workplace, and its often surprising effects on productivity, strategy, and employees’ mental health ... as well as keys to balancing home life and personal relationships, future economic ramifications; and passing down a legacy of mindfulness to our children.

**THIS IS A REPLAY OF A PREVIOUS SHOW** One of the most surprising and promising trends in business today is the rise of mindfulness in the workplace. From small companies to multinational corporations, more and more people are meditating on the job, and with good reason: mindfulness can make us more focused, more effective, and happier. Join us in the Coach Cafe for our interview with David Gelles, author of Mindful Work: How Meditation is Changing Business from the Inside Out.  This book is an investigation into the growing trend among major companies, including Fortune 100 giants to promote mindfulness activites like yoga and meditation in the workplace and the often surprising impact it has on productivity, strategy and employee's mental health.  The benefits of mindfulness practices also extend into the home, our relationships and our happiness.  Be sure to tune in! DAVID GELLES is a staff writer for the New York Times and its business blog, DealBook. Previously, he was a correspondent for the Financial Times, and his work has appeared in Forbes, the Los Angeles Times, and other publications. He has also practiced meditation regularly for more than a decade, since he studied the technique while living in India. Find David at: www.DavidGelles.com Your Hosts:  Estra at AmericasLifePurposeCoach.com Kathleen at www.KathleenMartinCoaching.com **THIS IS A REPLAY OF A PREVIOUS SHOW**

One of the most surprising and promising trends in business today is the rise of mindfulness in the workplace. From small companies to multinational corporations, more and more people are meditating on the job, and with good reason: mindfulness can make us more focused, more effective, and happier. Join us in the Coach Cafe for our interview with David Gelles, author of Mindful Work: How Meditation is Changing Business from the Inside Out.  This book is an investigation into the growing trend among major companies, including Fortune 100 giants to promote mindfulness activites like yoga and meditation in the workplace and the often surprising impact it has on productivity, strategy and employee's mental health.  The benefits of mindfulness practices also extend into the home, our relationships and our happiness.  Be sure to tune in! DAVID GELLES is a staff writer for the New York Times and its business blog, DealBook. Previously, he was a correspondent for the Financial Times, and his work has appeared in Forbes, the Los Angeles Times, and other publications. He has also practiced meditation regularly for more than a decade, since he studied the technique while living in India. Find David at: www.DavidGelles.com Your Hosts:  Estra at AmericasLifePurposeCoach.com Kathleen at www.KathleenMartinCoaching.com

One of the most surprising and promising trends in business today is the rise of mindfulness in the workplace. From small companies to multinational corporations, more and more people are meditating on the job, and with good reason: mindfulness can make us more focused, more effective, and happier. Join us in the Coach Cafe for our interview with David Gelles, author of Mindful Work: How Meditation is Changing Business from the Inside Out.  This book is an investigation into the growing trend among major companies, including Fortune 100 giants to promote mindfulness activites like yoga and meditation in the workplace and the often surprising impact it has on productivity, strategy and employee's mental health.  The benefits of mindfulness practices also extend into the home, our relationships and our happiness.  Be sure to tune in! DAVID GELLES is a staff writer for the New York Times and its business blog, DealBook. Previously, he was a correspondent for the Financial Times, and his work has appeared in Forbes, the Los Angeles Times, and other publications. He has also practiced meditation regularly for more than a decade, since he studied the technique while living in India.

Bennet discusses the aftermath of the Ellen Pao-Kleiner Perkins gender discrimination case Kristen Brown covered the trial for the San Francisco Chronicle and made a particularly astute assessment to Bennet Kelley about the jurys finding in favor of Kleiner Perkins. Also, we hear from David Gelles,reporter for the New York Times, covering mergers & acquisitions, corporate governance, and Wall Street, and the author of Mindful Work.

Perhaps one of the most surprising - and promising - trends in business today is the rise of mindfulness in the workplace. From small companies to multinational corporations, more and more people are meditating on the job, and with good reason: mindfulness can make us more focused, more effective, and happier. At first, the notion of yoga and meditation in the office seems like the province of Silicon Valley start-ups where employees bring their dogs to work and play football in the lobby. But in recent years, mindfulness has gone mainstream - as New York Times staff writer David Gelles sharesin MINDFUL WORK: How Meditation is Changing Business from the Inside out.As David shares, many of America’s largest companies, such as General Mills, Target, Google, and Aetna, have built extensive programs to foster mindful practices among their workers. This is because — as employees and employers are discovering, and psychologists and cognitive scientists have confirmed — mindfulness has tangible benefits. For workers, meditation lowers stress, increases mental focus, and alleviates depression. For companies, a more mindful workforce is more productive. Join Julie Ann and David for this insightful investigation into the growing trend among major companies, including Fortune 100 giants, to promote mindful activities like meditation and yoga in the workplace, and its often surprising effects on productivity, strategy, and employees’ mental health ... as well as keys to balancing home life and personal relationships, future economic ramifications; and passing down a legacy of mindfulness to our children.

During this week’s radio show you will learn about: The new uses of mindful meditation in the Western World How large corporations are integrating mindful meditation into the workplace The scientific effects of mindful meditation on the brain The different areas of the brain associated with stress relief and well-being Starting and maintaining a mindful meditation practice

During this week’s radio show you will learn about: The new uses of mindful meditation in the Western World How large corporations are integrating mindful meditation into the workplace The scientific effects of mindful meditation on the brain The different areas of the brain associated with stress relief and well-being Starting and maintaining a mindful meditation practice

--{ Health Care from Big Bad Bear: "World State Rises True to Form, Services Standardized, Uniform, Pulling Strings as Puppeteers For Their Hidden Master Superiors, Every Handout Comes with Strings, Careful What the Big Man Brings, Bygone Days, Slave Hung on Tree, Moderns Run to Hook 'Cause it's Free, For Those Who See, it's Monotony As Each Service Becomes an Authority" © Alan Watt }-- Obama, Euthanasia for Elderly - Research at Bottom Level - UN Good World Citizen (Producer-Consumer) - Herd Management - Socialism, Services Become Authorities. Britain, Canada, National Health Service - Taxpayer Funding, Privatization - Exploiters in Medical Field - Socialized Medicine, Factory Clinics, Mandatory Inoculations. U.S., Universal Health Care (Bare Minimum) - League of Nations, United Nations - New World Order, Controlled Society. Newborn DNA Collection - Eugenics, Sterilization, Killing the "Unfit" - "Unsuitable" Genetics for Reproduction - DNA Databases. Transhumanism, Perfecting That Which was Left Imperfect, Re-engineering Human Brain for World Peace, Brain Chip. Vaccines in GM Food, Tax Money Funding - Changes in Human Body, Food Allergies, Anaphylactic Shock - Genetically Modified Coffee. Dropping Sperm Count - Daily Aerial Spraying - Yellow Rain, Cadmium. British Cover-Ups (Closing Ranks), Scandals for Public, Hereditary Peers - Home Office. (Articles: ["Single-Payer Healthcare = One Nation, One Plan" (singlepayernewyork.org).] ["DNA databases prelude to return of eugenics?" by Bob Unruh (wnd.com) - May 2, 2009.] ["If the guy who invented DNA fingerprinting is worried, we should all be" by Suzanne Moore (dailymail.co.uk) - May 11, 2009.] ["Immortality 2.0: a silicon valley insider looks at California's Transhumanist movement." by David Gelles, The Futurist (allbusiness.com) - Jan. 1, 2009.] ["Potato-based vaccine success comes too late" by Andy Coghlan (newscientist.com) - Feb. 14, 2005.] ["The significance of the successfully developed GM food vaccine" by Gabriel O'Hara (wiseupjournal.com) - May 12, 2009.] ["Israeli sperm bank posts diminishing returns" AFP (at google.com) - May 11, 2009.] [Video: "The Gangster and the Pervert Peer" [Kray Brothers] BBC4 (at archive.org).] ["Undesirable? I'd swap Jackboot Jacqui for a shock jock any day..." by Richard Littlejohn (dailymail.co.uk) - May 10, 2009.]) *Title/Poem and Dialogue Copyrighted Alan Watt - May 12, 2009 (Exempting Music, Literary Quotes, and Callers' Comments)