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Alice Han and James Kynge dig into why Apple is lobbying the Trump administration for permission to buy memory chips from a Chinese company on the Pentagon's military blacklist. With DRAM prices up nearly 100% in a single quarter — analysts are calling it "RAMageddon" — Apple already raised MacBook and iPad prices by up to 20%, and iPhones could be next. How far will Apple go to secure its supply chain, and what does it mean if Washington says yes? They also break down DeepSeek's landmark $7.4 billion funding round, which is the first time the Chinese AI startup has ever taken outside money. Tencent, CATL, and China's state-backed National AI Investment Fund are among the backers, and the valuation has jumped six-fold in six weeks to nearly $59 billion. DeepSeek built its reputation on doing more with less — so why does it need the money now? And finally: a new sign that China's middle class is changing what it puts on the table. The Economist calls it the "Californication" of Chinese diets: a growing appetite for organic, health-conscious food. Subscribe to China Decode on Substack for weekly analysis, livestreams, and deep dives into the biggest story shaping the global economy: chinadecode.profgmedia.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices
In this episode of The FRONTLINE Dispatch, an extended interview from the documentary The President vs. the Fed. Director James Jacoby sits down with prominent conservative economist Stephen Moore, a senior economic adviser during Donald Trump's first administration and an architect of the 2017 Trump tax cuts. Moore offers an insider's perspective on the friction between the Trump White House and the central bank, presenting a sharp supply-side critique of the Fed's traditional economic models.
Economists are forecasting that AI is likely to cause prices to rise over the course of the next year. On Thursday, both Microsoft and Apple said they're raising prices some of their flagship products thanks to skyrocketing memory and storage costs. But AI could end up making a whole lot of things cheaper — eventually. Also in this episode: how one union negotiated huge savings on healthcare prices, a look at the garage sale culture in Alaska, and the return of the restaurant matchbook.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
Economists are forecasting that AI is likely to cause prices to rise over the course of the next year. On Thursday, both Microsoft and Apple said they're raising prices some of their flagship products thanks to skyrocketing memory and storage costs. But AI could end up making a whole lot of things cheaper — eventually. Also in this episode: how one union negotiated huge savings on healthcare prices, a look at the garage sale culture in Alaska, and the return of the restaurant matchbook.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
Americans are becoming more anxious about how artificial intelligence will affect jobs, society and even human existence. Republican and Democrat voters are unusually united in their concerns. Divorce rates are rising in China and the Communist party cannot stop them. And the politics of air-conditioning in a scorching Europe.Guests and host:Robert Guest, Economist deputy editorSarah Wu, China correspondentLane Greene, senior digital editorRosie Blau, co-host of “The intelligence”Jason Palmer, co-host of “The intelligence”Topics covered: Artificial intelligence, midterms, Alex BoresDivorce, China, fertilityHeatwaves, Europe, air-conditioning Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account. Hosted on Acast. See acast.com/privacy for more information.
Americans are becoming more anxious about how artificial intelligence will affect jobs, society and even human existence. Republican and Democrat voters are unusually united in their concerns. Divorce rates are rising in China and the Communist party cannot stop them. And the politics of air-conditioning in a scorching Europe.Guests and host:Robert Guest, Economist deputy editorSarah Wu, China correspondentLane Greene, senior digital editorRosie Blau, co-host of “The intelligence”Jason Palmer, co-host of “The intelligence”Topics covered: Artificial intelligence, midterms, Alex BoresDivorce, China, fertilityHeatwaves, Europe, air-conditioning Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account. Hosted on Acast. See acast.com/privacy for more information.
Angel Studios https://Angel.com/TODDStorm the theaters on July 4 and help make Young Washington the #1 movie in America. Join the Angel Guild today for $15/month and receive two free tickets to see Young Washington this Independence Day.Absolute Ministries https://AMgive.org/TODDYour gift helps people overcome addiction, find hope and purpose, and experience lasting change through a Christ-centered system of care. Together, we can support sustainable transformation that goes far beyond temporary sobriety. Alan's Soap https://AlansSoaps.com/Todd Honor John's memory and the legacy he created for Ian and Alan with Alan's Artisan Soaps “John's Favorites” bundle. Get one bar of each of his favorites for only $28.99. Bulwark Capital https://KnowYourRiskPodcast.comBe confident in your portfolio with Bulwark! Schedule your free Know Your Risk Portfolio review. Go to KnowYourRiskPodcast.com today. Renue Healthcare https://Renue.Healthcare/ToddYour journey to a better life starts at Renue Healthcare. Visit https://Renue.Healthcare/Todd Bonefrog https://BonefrogCoffee.com/ToddGet the new limited release, The Sisterhood, created to honor the extraordinary women behind the heroes. Use code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.LISTEN and SUBSCRIBE at:The Todd Herman Show - Podcast - Apple PodcastsThe Todd Herman Show | Podcast on SpotifyWATCH and SUBSCRIBE at: Todd Herman - The Todd Herman Show - YouTubeThe Economist admitted it. The World Cup being hosted in America has caused the scales to fall from European's eyes. They understand that America really is the best.Europe buys the future, America builds it; Does that matter? A high-stakes transatlantic spat has erupted over GDP figuresBuc-ee's & Cowboy Culture – Sweden fan raving about Buc-ee's, beef jerky, and cowboy hats in Houston England Fan Goes Full Texas – UK/England fan in Texas loving the beer, hospitality, and Texas BBQ at Slow Bone. Scotland Fans Party in Boston – Tartan Army taking over Boston Harbor with singing and vibes. European Fans on American Food & Portions – Compilation-style reactions to Buc-ee's, brisket, and massive servingsScotland Fans Sing US Anthem – Scotland supporters singing the US national anthem in BostonEngland & Ghana Fans Dancing Together – Cross-cultural party vibes in Dallas.England Fan on Hospitality & BBQ – “Hospitality's been amazing… best beef I've had in my life.”Scotland Tartan Army Welcome – Positive interactions and calls for return visits.Video Link:
Tom Carter, Britain economics correspondent at The Economist, talks about the economic and political picture in the United Kingdom, a decade after the country voted to leave the European Union. Photo: LONDON, UNITED KINGDOM - 2026/06/20: A protester holds a Union Jack and an EU flag in Parliament Square during the National Rejoin March, calling on the UK government to rejoin the European Union on the tenth anniversary of the Brexit referendum. (Photo by Vuk Valcic/SOPA Images/LightRocket via Getty Images) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Mark talks with economist Steve Moore about the socialist takeover of the Dem party, the problem with socialist policies, the inflation rates around the country, and robots that are able to build houses in an effort to make housing more affordable.See omnystudio.com/listener for privacy information.
Scott Monty, leadership advisor, communication strategist, keynote speaker, storyteller, and host of the Timeless Leadership podcast, joins me on this episode. Scott is the former Global Head of Social Media and Digital Communications at Ford Motor Company, where he helped lead some of the most groundbreaking digital communication and marketing initiatives of the early social media era. He has advised organizations including Ford, IBM, Walmart, Google, and Reebok, and has been recognized by The Economist as one of the world's leading social business thinkers. In this conversation, Scott shares lessons from his career journey, insights from working alongside legendary Ford CEO Alan Mulally, and why timeless leadership principles such as humility, reflection, communication, and servant leadership are more important than ever.
When Alexis de Tocqueville visited America from France in 1831 he saw a new kind of society. Not just a country, but an idea that would change the world. His book “Democracy in America” was a big influence on later generations of writers and thinkers, including The Economist's US Editor John Prideaux. Now, 250 years after its birth, the vitality of that democracy is under question. In this series, John retraces the route Tocqueville took to find out how much of what inspired Tocqueville about America remains—and how worried we should be about what's changed.Out nowFind the show here: https://econ.st/4esGGXw Hosted on Acast. See acast.com/privacy for more information.
LinkedIn Economist Kory Kantenga Shares Job Market Advice, Career Tips & How To Get Ahead + More See omnystudio.com/listener for privacy information.
When Alexis de Tocqueville visited America from France in 1831 he saw a new kind of society. Not just a country, but an idea that would change the world. His book “Democracy in America” was a big influence on later generations of writers and thinkers, including The Economist's US Editor John Prideaux. Now, 250 years after its birth, the vitality of that democracy is under question. In this series, John retraces the route Tocqueville took to find out how much of what inspired Tocqueville about America remains—and how worried we should be about what's changed.Out nowFind the show here: https://econ.st/4esGGXw Hosted on Acast. See acast.com/privacy for more information.
India has claimed the world's largest population since 2023 but that is going to change fast. Tom Sasse, South Asia Bureau Chief for The Economist, joins host Krys Boyd to discuss why a decline in birth rates will hinder future growth, why India might not be able to achieve the wealth of other industrialized countries, and why attracting new immigrants might be the solution. His article is “India's population will soon be falling probably quite fast.” Learn about your ad choices: dovetail.prx.org/ad-choices
Should you buy a home or keep renting in today's market? Zillow Senior Economist Orphe Divounguy joins Kathy Fettke to break down Zillow's latest rent-versus-buy research, including the six-year break-even point, the markets where homeownership still builds the most wealth, and why renting may be the smarter financial move in some cities. They also discuss affordability, appreciation, and what investors can learn from the data. Want to learn more? Visit www.realwealth.com/AffordableMarkets. DISCLAIMER The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.RealWealthShow.com.
X: @StephenMoore @americasrt1776 @ileaderssummit @NatashaSrdoc @JoelAnandUSA @supertalk @JTitMVirginia Join America's Roundtable radio co-hosts Natasha Srdoc and Joel Anand Samy with economist Stephen Moore. His insights on the economic front, America's energy dominance, urgency to address healthcare reform in America, advance the succesful policy of school choice and thoughts on Iran will enlighten engaged listeners. Brief bio: Stephen Moore is an internationally-known economist and author, who has served as a senior policy adviser to Donald Trump in 2016 and 2024. Now, serving as the co-founder and chairman of Unleash Prosperity, he is a frequent lecturer to audiences around the world on the U.S. economic and political outlook, and is the author of 6 books, including “Trumponomics: Inside the America First Plan to Revive our Economy,” and “The Trump Economic Miracle.” Moore is a graduate of the University of Illinois and holds a master's degree in Economics from George Mason University. From 1999-2004, Moore served as Founder and President of the Club for Growth, an organization dedicated to helping elect free market candidates to Congress. In his tenure as president, the Club for Growth became one of the most influential and respected political organizations in the nation. From 2005-2014, Moore served as the senior economics writer for The Wall Street Journal editorial page and as a member of the WSJ editorial board. He remains a regular contributor to the publication. Moore served as a senior economic advisor to President Trump's 2016 campaign, drafting tax, budget, and energy policy plans. In 2007, Moore received the Ronald Reagan “Great Communicator” award from the Republican party for his advancement of economic understanding. In 2010, he was awarded the University of Illinois Alumni of the Year. His book “Return to Prosperity: How America Can Regain its Economic Superpower Status” was a finalist for the F.A. Hayek Award for Advancing Economic Understanding. In 2018, Worth Magazine named Stephen Moore one of the 75 Most Influential People in the World Dealing with Economics and Finance. americasrt.com https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 X: @StephenMoore @ileaderssummit @americasrt1776 @NatashaSrdoc @JoelAnandUSA @supertalk @JTitMVirginia America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable radio program focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 68 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Tune into WTON in Central Virginia on Sunday mornings at 9:30 A.M. (ET). Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm
Gunnar Baldvinsson, framkvæmdastjóri Almenna-Lífsverk lífeyrissjóðsins, ræðir lífeyriskerfið hér á landi í samanburði við það evrópska. Tilefnið er nýleg greining viðskiptatímaritsins The Economist þar sem fjallað er með afar gagnrýnum hætti á lífeyriskerfi ríkja á meginlandi Evrópu, sem eru og verða á næstu árum og áratugum í töluverðum vandræðum með sín lífeyriskerfi. Þá ræðum við einnig um mögulega upptöku evru og þá hver áhrifin kunna að vera á lífeyriskerfið hér á landi og um leið stöðu almennings, samkeppni við erlenda sjóða, stöðu ungs fólks sem fær fasteignalán hjá sjóðunum og margt fleira.
There are concerns Clare natives are being priced out of the housing market. A new Daft.ie report shows house prices rose by roughly 5.5% in Clare from the second quarter of 2025 to the same period this year compared to just under 4% nationwide. All property types bar one are more expensive than they were a year ago, with detached two-bed homes up over 18% on average, while new-builds are setting buyers here back around €385,000. Economist at Trinity College Dublin and author of the Daft.ie report Ronan Lyons has been telling Clare FM's Seán Lyons the rise in working from home is attracting more and more people into this county, resulting in higher price inflation.
When Alexis de Tocqueville visited America from France in 1831 he saw a new kind of society. Not just a country, but an idea that would change the world. His book “Democracy in America” was a big influence on later generations of writers and thinkers, including The Economist's US Editor John Prideaux. Now, 250 years after its birth, the vitality of that democracy is under question. In this series, John retraces the route Tocqueville took to find out how much of what inspired Tocqueville about America remains—and how worried we should be about what's changed.Out nowFind the show here Hosted on Acast. See acast.com/privacy for more information.
Malthusian Logic and the "Check" of Hunger. Guest: Patrick Scanlan. Scanlan discusses the influence of economist Thomas Robert Malthus on Victorian policy, noting his argument that population growth would inevitably outstrip food production. Malthus viewed famine as nature's "last most dreadful resource" to restore balance. For Victorian policymakers, this logic justified a refusal to provide direct aid to the poor, fearing it would encourage "imprudent" reproduction and laziness. They believed that without the "check" of hunger, the Irish would refuse to work for low wages. Malthus specifically viewed the potato as "too generous" because it allowed the poor to survive with minimal labor, bypassing the "civilizational checks" on population seen in other societies. Consequently, many British officials viewed the famine as an inevitable consequence of Irish behavior and population growth. This ideological framework heavily influenced the British Empire's preoccupation with maintaining a "work ethic" even amidst mass starvation. 51868
SPONSORS: - Go to https://www.plaud.ai/curt and use the promo code "CURT" to get a Plaud device today - Accelerate your efficiency. Sign up for your one-dollar-per-month trial today at http://shopify.com/theories - I personally subscribe to The Economist. TOE listeners get 35% off the annual subscription. No other podcast has this! https://economist.com/TOE This is a breaking podcast. We're premiering a new paradigm for quantizing 4D gravity here first, without strings. Neil Turok — inaugural Higgs Chair at Edinburgh, former director of Perimeter Institute, and 2026 Fellow of the Royal Society — believes quantum gravity may not require strings, extra dimensions, or a multiverse. The key: a 1970s theory called quadratic gravity, long abandoned over two seemingly fatal problems. Turok and Bateman argue both problems dissolve — one by reinterpreting a classical instability as ordinary gravitational expansion, the other by a subtle tweak to the Born rule that allows quantum states of negative norm without ever producing negative probabilities. One quiet assumption, Turok argues, underpins decades of string theory's necessity. Drop it, and the whole case for a multiverse unravels. Neil graciously gave me a sneak peek at his and his PhD student Sam Bateman's new research. Bleeding edge! I hope you enjoy. TIMESTAMPS: - 00:00:00 - Quadratic Gravity Emergence - 00:05:03 - Renormalization and Asymptotic Freedom - 00:10:57 - Ghosts and Krein Spaces - 00:16:00 - Generalizing the Born Rule - 00:23:27 - Ostrogradsky Instability Reinterpreted - 00:31:29 - UV Completeness and QCD - 00:38:21 - Higgs Compositeness and Hierarchy - 00:43:58 - CPT Symmetric Universe Minimalism - 00:52:54 - The 36 Fields Mystery - 01:00:10 - Orthodoxy vs. Revolutionary Ideas - 01:06:39 - Gravitational Entropy and Smoothness - 01:16:14 - Multiverse Measure Problem - 01:23:05 - Theoretical Physics Health - 01:30:07 - Sam Bateman's Breakthrough - 01:43:33 - Philosophy of Cosmology LINKS MENTIONED: - Neil's Papers: https://inspirehep.net/authors/985402 - Renormalization of Higher-Derivative Quantum Gravity [Paper]: https://journals.aps.org/prd/abstract/10.1103/PhysRevD.16.953 - Quadratic Gravity: https://en.wikipedia.org/wiki/Quadratic_gravity - Asymptotic Freedom in Higher-Derivative Quantum Gravity [Paper]: https://www.sciencedirect.com/science/article/abs/pii/0370269385902485 - Ostrogradsky's Theorem: http://www.scholarpedia.org/article/Ostrogradsky's_theorem_on_Hamiltonian_instability - Krein Space: https://en.wikipedia.org/wiki/Indefinite_inner_product_space - CPT-Symmetric Universe [Paper]: https://arxiv.org/abs/1803.08928 - Pathologies of Dimension-Zero Scalar Fields [Paper]: https://arxiv.org/abs/2603.05683 - No-Ghost Theorem for Pais-Uhlenbeck Oscillator [Paper]: https://arxiv.org/abs/0706.0207 - Cancelling the Vacuum Energy [Paper]: https://arxiv.org/abs/2110.06258 - Gravitational Entropy [Paper]: https://arxiv.org/abs/2201.07279 - Neil's Lecture: https://pirsa.org/15100070 - Neil Turok on the Big Bang [TOE]: https://youtu.be/ZUp9x44N3uE - Neil Turok on Black Holes [TOE]: https://youtu.be/zNZCa1pVE20 - Carlo Rovelli [TOE]: https://youtu.be/hF4SAketEHY - Leonard Susskind [TOE]: https://youtu.be/2p_Hlm6aCok - Jacob Barandes [TOE]: https://youtu.be/wrUvtqr4wOs - Geoffrey Hinton [TOE]: https://youtu.be/b_DUft-BdIE - Harvey Friedman [TOE]: https://youtu.be/gx3uKT1qJvY - Scott Aaronson [TOE]: https://youtu.be/1ZpGCQoL2Rk - David Deutsch [TOE]: https://youtu.be/vKeWv-cdWkM - Peter Woit & Joseph Conlon [TOE]: https://youtu.be/fAaXk_WoQqQ More links at https://curtjaimungal.substack.com FOLLOW: - Spotify: https://open.spotify.com/show/4gL14b92xAErofYQA7bU4e - Substack: https://curtjaimungal.substack.com/subscribe - Twitter: https://twitter.com/TOEwithCurt - Discord Invite: https://discord.com/invite/kBcnfNVwqs - Crypto: https://nowpayments.io/donation/TOE - PayPal: https://www.paypal.com/donate?hosted_button_id=XUBHNMFXUX5S4 Guests do not pay to appear. #science Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome to Season 6, Episode 25! Our guests today are Livia Blackburne and Julia Kuo, the author and illustrator of Bing's Cherries… A modern American tall tale woven by a girl and her father about Ah Bing, the Chinese immigrant behind the Pacific Northwest's most delicious cherries. The book was released on March 10, 2026. Julia Kuo is the author and illustrator of several books including Home Is a Wish, Let's Do Everything and Nothing, and Luminous: Living Things That Light Up the Night. She is also the illustrator of several notable picture books including When Love Is More Than Words by Jocelyn Chung, I Am an American: The Wong Kim Ark Story by Martha Brockenbrough and Grace Lin, and one of our favorites, I Dream of Popo by Livia Blackburne. Additionally, Julia has created editorial illustrations for publications such as The New York Times, The Wall Street Journal, and The Economist. New York Times bestselling author Livia Blackburne wrote her first novel while researching the neuroscience of reading at the Massachusetts Institute of Technology. Since then, she's switched to full-time writing, which also involves getting into people's heads but without the help of a three tesla MRI scanner. Her YA books include Rosemarked (A YALSA Teens Top Ten Nominee), Disney's Feather and Flame, and Clementine and Danny Save the World (And Each Other) [A Junior Library Guild selection], as well as the picture books Dreams to Ashes (An Orbis Pictus Honor Book) and I Dream of Popo, which received three starred reviews and was on numerous Best of Year lists. We love how they intentionally mixed in some elements of Chinese mythology with actual history and the American tall tales genre. In our conversation, we talk about the inspiration for the story, what it's like working with familiar collaborators, their individual journeys, and so much more. To learn more about Julia, you can visit juliakuo.com or follower her on instagram @juliaskuo. To learn more about Livia, you can visit liviablackburne.com or follow her on instagram at @lkblackburne. If you like what we do, please share, follow, and like us in your podcast directory of choice or on Instagram @AAHistory101. For previous episodes and resources, please visit our site at https://asianamericanhistory101.libsyn.com or our links at http://castpie.com/AAHistory101. If you have any questions, comments or suggestions, email us at info@aahistory101.com.
Economist and President of Miles Franklin, Andy Schectman, rejoins the program to discuss the doom-and-gloom headlines dominating today's media landscape. We explore the multiple narratives unfolding simultaneously—from the very real economic hardships many Americans are experiencing to the ways those hardships are being leveraged to fuel fear, uncertainty and inaction.Andy shares his outlook on the challenging economic conditions ahead, what they could mean for investors and everyday Americans, and practical strategies for protecting yourself and your assets. We also discuss China's growing role in the global precious metals market and Andy's claim that suppressed silver prices are allowing China to stand for delivery of U.S. silver in amounts not seen before; more signals that major shifts in the global financial system are coming.Protect your assets with a company you can trust - Get the private & better price list - Go to SarahWestall.com/MilesFranklinSee exclusives at SarahWestall.Substack.com
On Episode 908 of The Core Report, financial journalist Govindraj Ethiraj talks to Garima Kapoor, Economist & Deputy Head of Research at Elara Securities (India) as well as Piyush Pandey, Senior Vice President, Lead Analyst-Institutional Equities for IT, Telecom, Internet and Power at Centrum India.SHOW NOTES(00:00) Stories of the Day(00:50) Lessons From The World's Biggest IPO(02:17) Monsoons Have Now Recovered And Is Advancing, Says The IMD(09:00) Near Term Risks For The Rupee Are Fading But There Are Longer Term Issues(17:16) Alan Greenspan, The Man Behind The Famous Irrational Exuberance Term Has Died(19:04) Where Do Analysts See Value In The Telecom Business Stack?For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
When Alexis de Tocqueville visited America from France in 1831 he saw a new kind of society. Not just a country, but an idea that would change the world. His book “Democracy in America” was a big influence on later generations of writers and thinkers, including The Economist's US Editor John Prideaux. Now, 250 years after its birth, the vitality of that democracy is under question. In this series, John retraces the route Tocqueville took to find out how much of what inspired Tocqueville about America remains—and how worried we should be about what's changed.Out nowFind the show here Hosted on Acast. See acast.com/privacy for more information.
Derek Champagne talks with Rohit Agarwal, CEO of The Weather Company.Rohit Agarwal is the CEO of The Weather Company, the world's most accurate forecaster. In this role, Rohit is responsible for setting the strategic vision that spans the company's digital consumer properties, including The Weather Channel app and weather.com, as well as its enterprise business across media,advertising, aviation, defense, and a variety of other industries. He stands behind the belief that high-performing teams are critical to innovation, growth, and impact, and diverse backgrounds and thinking benefit the end customer.Prior to joining The Weather Company, Rohit was the chief product and revenue officer at SoundCloud, the world's largest online community of artists, bands, DJs, and audio creators, where he led the vision, strategic execution, and revenue. This included overseeing business and product strategy, delivery and operations, design, product marketing, and growth. Through Rohit's leadership, SoundCloud refactored the product, doubled its subscriber base, and meaningfully improved its ads business, leading the company to its first profitable year in its 16-year history.Rohit previously served as chief product and growth officer at CNN. Throughout his career, he has driven 2-3x user and revenue growth across leading companies in industries including music (Last.fm, CBS), media(CNN/WarnerMedia, The Economist, Bild), banking (HSBC), B2B SaaS (Trustpilot, Akamai), and consumer internet (AOL). Rohit is a frequent speaker at leading conferences (Google I/O, SXSW, CES, RISE, WebSummit, Product Summit), an active advisor and investor in startups, and launched his own startup in the past. He is also a committed supporter of diverse and inclusive education initiatives – both as a board member of the Smithsonian's Center for Folklife and Cultural Heritage and as a board member of Leap Year, a unique program based in metro Atlanta dedicated to improving college access and early adolescent reading skills to under-represented youth.Rohit lives in Atlanta with his wife and two daughters. An avid sports fan, he also enjoys playing soccer and tennis, painting, and cooking, and he acknowledges that his creative endeavors make him a better leader.Business Leadership Series Intro and Outro music provided by Just Off Turner: https://music.apple.com/za/album/the-long-walk-back/268386576
ID The Future listeners now get to enjoy two episodes each month from our sister podcast Mind Matters News, a production of the Discovery Institute's Walter Bradley Center for Natural and Artificial Intelligence. The Mind Matters News podcast brings you insight from computer scientists, engineers, inventors, neurosurgeons, and other experts who bring sanity to the conversation about natural and artificial intelligence, going beyond the hype to explore the undercurrents of these important ideas. And although the Mind Matters News podcast will not often explicitly discuss intelligent design, it regularly explores the nature of intelligence, the origin of information, and the things that make us uniquely human, all concepts that are central to the theory of intelligent design. Enjoy today's offering of Mind Matters News! In this installment of the Mind Matters News podcast, host Robert J. Marks welcomes economics professor and author Gary Smith to discuss the hype around artificial general intelligence (AGI) and AI's impact on the market. Smith is the Fletcher Jones Professor of Economics at Ponoma College and a frequent contributor to Mind Matters News. Smith argues that generative AI, embodied in services like ChatGPT and Google's Gemini, exhibits many characteristics of past market bubbles, including excessive hype, lack of profitability, and unrealistic expectations. Smith holds that generative AI models have limited practical economic value. They may be good at finding statistical patterns but struggle to distinguish meaningful, useful correlations from coincidental ones. Smith describes the fundamental challenge of teaching machines true understanding that goes beyond mere pattern recognition. A number of examples and stories are shared throughout. Source
When Alexis de Tocqueville visited America from France in 1831 he saw a new kind of society. Not just a country, but an idea that would change the world. His book “Democracy in America” was a big influence on later generations of writers and thinkers, including The Economist's US Editor John Prideaux. Now, 250 years after its birth, the vitality of that democracy is under question. In this series, John retraces the route Tocqueville took to find out how much of what inspired Tocqueville about America remains—and how worried we should be about what's changed.Out nowFind the show here Hosted on Acast. See acast.com/privacy for more information.
When Alexis de Tocqueville visited America from France in 1831 he saw a new kind of society. Not just a country, but an idea that would change the world. His book “Democracy in America” was a big influence on later generations of writers and thinkers, including The Economist's US Editor John Prideaux. Now, 250 years after its birth, the vitality of that democracy is under question. In this series, John retraces the route Tocqueville took to find out how much of what inspired Tocqueville about America remains—and how worried we should be about what's changed.Out nowFind the show here Hosted on Acast. See acast.com/privacy for more information.
Bob sits down with Harvard Economics Professor Pol Antràs to discuss his new paper applying Böhm-Bawerk's average period of production to international trade, testing whether countries with lower interest rates tend to export goods requiring longer, more roundabout production processes.Related:Professor Antràs' Paper, "An ‘Austrian' Model of International Specialization": Mises.org/HAP554aBob's Article, "The Reswitching Question": Mises.org/HAP554b
Q: What are you doing right now to stay ahead of AI — not get replaced by it? As a business coach, I'm talking with clients every day about how to use AI to drive growth, save time, and stay competitive. On this episode of THINK Business, I am talking with Dr. Michael Housman, Founder of AI Accelerator and author of Future Proof: Transform Your Business with AI or Get Left Behind. We dig into where AI is heading — and how to make it your edge, not your threat. Here are my Top 3 Takeaways: 1️⃣ The power isn't in automation — it's in collaboration. Treat AI like a teammate, not a tool. 2️⃣ Every industry built on knowledge work is being reshaped. 3️⃣ The gap is widening between those who lean in and those who wait. --- Dr. Michael Housman is the founder and CEO of AI-ccelerator where he helps organizations decipher and leverage advances in artificial intelligence. He's spent his career leading technology teams at early-stage companies, having architected platforms to hire job applicants, communicate more effectively with customers, catch fraudsters, and transact real estate. His research has been published in a variety of peer-reviewed journals, presented at dozens of academic and practitioner-oriented conferences, and profiled by such media outlets as The New York Times, Wall Street Journal, The Economist, and The Atlantic. Dr. Housman received his A.M. and Ph.D. in Applied Economics and Managerial Science from The Wharton School of the University of Pennsylvania and his A.B. from Harvard University Founder / CEO of AI-ccelerator. 15 years of experience building and deploying ML platforms. 6 years of experience building HR technology. Has led 100+ data scientists / engineers in his career. Connect with Jon Dwoskin: Twitter: @jdwoskin Facebook: https://www.facebook.com/jonathan.dwoskin Instagram: https://www.instagram.com/thejondwoskinexperience/ Website: https://jondwoskin.com/LinkedIn: https://www.linkedin.com/in/jondwoskin/ Email: jon@jondwoskin.com Get Jon's Book: The Think Big Movement: Grow your business big. Very Big! Connect with Dr. Michael Housman:Websites: https://ai-ccelerator.com https://michaelhousman.com LinkedIn: https://www.linkedin.com/in/michaelhousman *E - explicit language may be used in this podcast.
C dans l'air du 19 juin 2026 - Le livre qui fait trembler la Maison-BlancheDes négociations reportées avant même de s'ouvrir en Suisse et un vice-président américain qui annule sa venue à Genève. Alors que la situation est toujours explosive au Liban et que les critiques pleuvent en Europe comme outre-Atlantique sur le « deal » négocié par Donald Trump avec l'Iran, le président des États-Unis continue de présenter le protocole d'accord signé avec le régime iranien comme une victoire et revendique même un pouvoir « sans limites ».Interrogé par le média américain Axios sur ce que ce conflit dit de son pouvoir, il a ainsi répondu : « Il n'a pas de limites. » Une phrase qui rappelle son « I am the boss! » prononcé mercredi lors de son entrée, avec une heure de retard, dans une salle de réunion du G7 à Évian. Depuis, la séquence a été publiée sur le compte de la Maison-Blanche, alors que journaux, analystes et experts se déchaînent contre la stratégie américaine et le bilan de la guerre en Iran. « Capitulation », « erreur colossale », « crépuscule d'une grande puissance »… Même dans le camp Trump, l'accord est loin de faire l'unanimité. Face aux critiques, le président américain a reconnu avoir négocié cet accord pour éviter que la guerre ne dégénère en crise économique mondiale, alimentant une inflation déjà record aux États-Unis. La hausse des prix, tirée par la flambée des cours du pétrole, s'est littéralement emballée en mai : + 4,2 % sur un an, soit son plus haut niveau mensuel depuis mai 2023. Résultat : la cote de popularité du président des États-Unis auprès de la génération Y, l'un des blocs électoraux les plus importants du pays, a chuté à son niveau le plus bas jamais enregistré dans de récents sondages réalisés par YouGov et The Economist.L'affaire Epstein revient hanter la Maison-Blanche. Après les dernières révélations du New York Times décrivant une véritable panique dans la Situation Room autour des conséquences politiques du dossier, le livre Changement de régime : au cœur de la présidence impériale de Donald Trump, qui doit paraître prochainement, s'annonce explosif.D'après les premiers extraits du livre, le vice-président aurait plaidé pour la publication complète des documents Epstein, y compris ceux pouvant embarrasser Trump, et aurait suggéré une interview de Ghislaine Maxwell par Tucker Carlson afin qu'elle affirme publiquement que Trump n'était impliqué dans aucun acte répréhensible. Les auteurs, Maggie Haberman et Jonathan Swan, évoquent également des tensions entre les deux hommes, notamment sur le dossier iranien. En juin 2025, Trump aurait reproché à Vance de ne pas suffisamment suivre sa ligne, déclarant : « Tout le monde doit simplement répéter ce que je dis. »Ces derniers jours, le président des États-Unis avait résumé ainsi son état d'esprit concernant son vice-président et le protocole d'accord signé avec l'Iran : « Si ça marche, j'en réclamerai le mérite. Si ça ne marche pas, je dirai que c'est la faute de J. D. »Le vice-président, prétendant potentiel à sa succession, est depuis chargé d'une tâche délicate : défendre la signature du protocole, attaqué aussi bien à droite qu'à gauche aux États-Unis, tout en prenant le gouvernail des négociations à venir. Dans ce contexte, il a lancé un avertissement aux critiques de Trump en Israël : « Si j'étais au gouvernement israélien, peut-être que je n'attaquerais pas le seul allié puissant qui me reste sur la planète. » Nos experts :- Nicole BACHARAN - Historienne et politologue, spécialiste des États-Unis, auteur de Requiem pour le monde libre - Alain BAUER - Professeur émérite au Cnam, auteur de La vérité sur le système Epstein - Vincent HUGEUX - Journaliste indépendant, essayiste, spécialiste des enjeux internationaux- Ben BARNIER - Journaliste France Info TV – ancien correspondant aux Etats-Unis-
Bob sits down with Harvard Economics Professor Pol Antràs to discuss his new paper applying Böhm-Bawerk's average period of production to international trade, testing whether countries with lower interest rates tend to export goods requiring longer, more roundabout production processes.Related:Professor Antràs' Paper, "An ‘Austrian' Model of International Specialization": Mises.org/HAP554aBob's Article, "The Reswitching Question": Mises.org/HAP554b
In this bingecast installment of the Mind Matters News podcast, host Robert J. Marks welcomes economics professor and author Gary Smith to discuss the hype around artificial intelligence and its impact on the market. Smith is the Fletcher Jones Professor of Economics at Ponoma College and a frequent contributor to Mind Matters News. Smith argues that generative AI, embodied in services like ChatGPT and Google's Gemini, exhibits many characteristics of past market bubbles, including excessive hype, lack of profitability, and unrealistic expectations. Smith holds that generative AI models have limited practical economic value. They may be good at finding statistical patterns but struggle to distinguish meaningful, useful correlations from coincidental ones. Smith describes the fundamental challenge of teaching machines true understanding that goes beyond mere pattern recognition. A number of examples and stories are shared throughout. Source
When Alexis de Tocqueville visited America from France in 1831 he saw a new kind of society. Not just a country, but an idea that would change the world. His book “Democracy in America” was a big influence on later generations of writers and thinkers, including The Economist's US Editor John Prideaux. Now, 250 years after its birth, the vitality of that democracy is under question. In this series, John retraces the route Tocqueville took to find out how much of what inspired Tocqueville about America remains—and how worried we should be about what's changed.Out nowFind the show here: https://econ.st/4esGGXw Hosted on Acast. See acast.com/privacy for more information.
A.I. is here to stay, but what exactly does it mean for our future? FOX News Digital's David Marcus joins Will and The Crew to discuss the vision for the future put forth by NVIDIA CEO Jensen Huang in his recent interview with Will, before sharing his thoughts on what exactly it is that European countries lack that causes their residents to be so baffled by America. David and Will also explore the GOP backlash over President Donald Trump's Iran deal and what a potential alternative could have been. Plus, Economist & The Richard Aster Fellow at the Heritage Foundation E.J. Antoni, PhD sits in with Will to share his predictions regarding A.I.'s impact on the economy of the future, and whether you should be concerned about it replacing your job anytime soon. Subscribe to ‘Will Cain Country' on YouTube here: Watch Will Cain Country! Follow ‘Will Cain Country' on X (@willcainshow), Instagram (@willcainshow), TikTok (@willcainshow), and Facebook (@WillCainNews) Follow Will on X: @WillCain Learn more about your ad choices. Visit podcastchoices.com/adchoices
This week on Without A Country, Corinne celebrates the New York Knicks' historic NBA Championship victory and the citywide joy that followed. Mike also recounts UFC Freedom 250 in Washington, D.C. Corinne then covers the LAPD's m*rder of Jameson, a beloved doodle wearing a Knicks jersey, a legal up date on the Karmelo Anthony/Austin Metcalf case, the Economist's explanation of 'Gen-Z socialism', Luigi Mangione's defense strategy, Zohran Mamdani's speech at the Rikers Island graduation ceremony, the UK's grooming gang investigation, new developments in U.S.-Iran negotiations, Vance Boelter's guilty plea in the Minnesota political assassination case, and an international discussion on reparations hosted in Ghana. 00:00 The New York Knicks Are NBA Champions02:30 What It Was Like Inside Radio City for History08:40 The Night New York City Lost Its Mind10:00 UFC Freedom 250, Trump's Birthday & America 25021:00 The Unexpected Harley-Davidson Culture War25:18 Enemy of the State: LAPD Officer Kills Beloved Knicks Fan Dog29:45 Karen Bass Responds to Public Outrage35:00 Why Police Shoot So Many Family Pets43:20 Patreon Shoutouts & Listener Mail44:12 The Karmelo Anthony Verdict Explained52:10 Why the Self-Defense Strategy Failed52:45 Lessons From the Los Angeles Mayoral Race56:00 Is Gen Z Turning Toward Socialism?1:10:00 Zohran Mamdani, DSA Politics & the Left's Future1:32:10 Luigi Mangione's Mental Health Defense Strategy1:45:00 Iran Ceasefire Talks Could Change the Middle East1:56:45 A Graduation Ceremony at Rikers Island Gives Hope1:57:40 UK's Grooming Gang Scandal Back Under Investigation2:10:00 Vance Boelter Pleads Guilty in Minnesota Assassination Case2:18:00 Ghana Pushes Global Reparations Debate Forward2:30:35 Final Thoughts, Plugs & OutroSUBSCRIBE TO THE PATREON:https://patreon.com/WithoutACountry?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLinkFOLLOW WITHOUT A COUNTRY ON IG: https://www.instagram.com/withoutacountrypodcast/FOLLOW CORINNE ON IG: https://www.instagram.com/philanthropygalFOLLOW MIKE ON IG: https://www.instagram.com/themharrington/FOLLOW ALONG:ENEMY OF THE STATE: The LAPD Cop Who Shot Jameson the Dog. RIP Jameson.https://www.sheriffs.org/dog_encounters/ANDhttps://nypost.com/2026/06/17/us-news/karen-bass-orders-probe-into-dog-shot-by-lapd-at-knicks-celebration/MAIL BAG:Gen Z Socialism https://www.economist.com/leaders/2026/06/04/how-to-fight-back-against-gen-z-socialismMAIN STORIESNew York Knickshttps://nymag.com/intelligencer/article/knicks-championship-new-york-fandom-has-never-felt-this-good.htmlLuigi Mangionehttps://www.wsj.com/us-news/law/mangione-will-mount-psychiatric-defense-at-trial-for-killing-unitedhealthcare-ceo-191488bb#NY Post take on Luigihttps://nypost.com/2026/06/17/us-news/luigi-mangiones-psych-defense-could-work-in-his-favor-experts/MunicipalMamdani Speaks at Rikers Graduationhttps://ny1.com/nyc/all-boroughs/news/2026/06/16/mamdani-speaks-at-rikers-island-high-school-graduationCould Be WorseGrooming Gangshttps://news.sky.com/story/first-batch-of-grooming-gang-cases-returned-to-police-to-reinvestigate-13554588GUUUURLIran peacehttps://www.theguardian.com/world/2026/jun/17/trump-us-iran-war-mou-dealVance Boelterhttps://www.mprnews.org/story/2026/06/10/vance-boelter-expected-to-change-not-guilty-pleaGhana & reparationshttps://www.theguardian.com/news/2026/jun/17/ghana-to-advance-reparatory-justice-at-first-major-gathering-since-landmark-un-resolutionSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Steve talks about the current investment surge. He thinks that falling gas prices are coming over the next few weeks and highlights how AI is helping companies become more productive and efficient, potentially leading to even more growth. They also discuss the Obama Library opening and the buzz around SpaceX's IPO, which has delivered big wins for investors.See omnystudio.com/listener for privacy information.
On this episode of The Real Wealth Show, First American Deputy Chief Economist Odeta Kushi joins Kathy Fettke to discuss inflation, mortgage rates, AI, and the housing market. Learn why affordability is improving, what the Fed's next move could mean for real estate, and why Odeta still sees reasons for cautious optimism despite ongoing economic uncertainty. Want to learn more about Kathy's retreat? Visit www.REISavvy.com. DISCLAIMER The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.RealWealthShow.com.
The China Shock of the 1990s and 2000s remains, even now, the subject of much debate. American consumers benefited from the cheaper goods that were imported from China. Some American businesses also benefited from importing cheaper equipment that was made in China. But other American businesses suffered from the competition, shuttering factories throughout the Rest Belt and South. How bad was it? What was the overall effect on workers? How did workers and communities adjust? Today's episode is about the lessons of that shock for what might end up being a brand new shock: the AI Shock. Economists and many others are trying to figure out what it's going to mean if AI itself ends up becoming a new source of competition for American businesses and American workers. One such economist is Adam Ozimek, Chief Economist at the Economic Innovation Group. Adam is the co-author of a new analysis about the right and wrong lessons to take from the China shock for the strange world that we now find ourselves in. (You can find that post at agglomerations.eig.org, EIG's newsletter.)Adam speaks with Cardiff about the similarities and differences between the workers and towns affected by the two shocks, which characteristics matter most for people and places to become resilient to large shocks, how to think about automation and the collection of tasks that make up a job, and much more. Related links: Agglomerations Messy Jobs, by Luis Garicano
When Alexis de Tocqueville visited America from France in 1831 he saw a new kind of society. Not just a country, but an idea that would change the world. His book “Democracy in America” was a big influence on later generations of writers and thinkers, including The Economist's US Editor John Prideaux. Now, 250 years after its birth, the vitality of that democracy is under question. In this series, John retraces the route Tocqueville took to find out how much of what inspired Tocqueville about America remains—and how worried we should be about what's changed.Out nowFind the show here Hosted on Acast. See acast.com/privacy for more information.
When Alexis de Tocqueville visited America from France in 1831 he saw a new kind of society. Not just a country, but an idea that would change the world. His book “Democracy in America” was a big influence on later generations of writers and thinkers, including The Economist's US Editor John Prideaux. Now, 250 years after its birth, the vitality of that democracy is under question. In this series, John retraces the route Tocqueville took to find out how much of what inspired Tocqueville about America remains—and how worried we should be about what's changed.Out nowFind the show here Hosted on Acast. See acast.com/privacy for more information.
When Alexis de Tocqueville visited America from France in 1831 he saw a new kind of society. Not just a country, but an idea that would change the world. His book “Democracy in America” was a big influence on later generations of writers and thinkers, including The Economist's US Editor John Prideaux. Now, 250 years after its birth, the vitality of that democracy is under question. In this series, John retraces the route Tocqueville took to find out how much of what inspired Tocqueville about America remains—and how worried we should be about what's changed.Out nowFind the show here Hosted on Acast. See acast.com/privacy for more information.
Our Global Head of Macro Strategy Matthew Hornbach and our Chief U.S. Economist Michael Gapen discuss the signals investors will be seeking from the new Fed Chair leading his first monetary policy meeting and possible implications for markets.Read more insights from Morgan Stanley.----- Transcript -----Matthew Hornbach: Welcome to Thoughts on the Market. I'm Matthew Hornbach, Global Head of Macro Strategy. Michael Gapen: And I'm Michael Gapen, Morgan Stanley's Chief U.S. Economist. Matthew Hornbach: Today, markets are watching the Fed's next move. Are rate cuts delayed or could hikes possibly be back on the table? It's Tuesday, June 16th at 8:30am in New York. So, Mike, the FOMC meeting today and tomorrow is likely more about reading the signal rather than announcing a rate change. Markets will focus on inflation forecasts, the unemployment rate, and the growth outlook. But, of course, this will also be the first meeting after Powell ended his term as Fed chair in May. All eyes will be on Warsh. So, what are your thoughts before the press conference? Michael Gapen: A lot of thoughts, actually, before the press conference. I do think it's basically a foregone conclusion that the Fed will be changing its easing bias in favor of more neutral language. Seems clear the committee wants to do that, probably wanted to do that at the last meeting. And it does fit, I think, Warsh's preference for less communication, less guidance from the Fed. So, I do think that's largely a foregone conclusion, although obviously we need to see whether that happens and whether there are dissents. I think, as you noted, the forecasts will be important, but I think what's really important from my perspective – more than the modal outlook or the baseline that participants have – is their assessment of the balance of risks around the dual mandate. And I say that because obviously a year ago, the Fed eased policy when it felt that there were downside risks to the labor market that outweighed upside risk to inflation. This year, that seems to have flipped, where the labor market appears to have stabilized, labor demand has picked up a little bit, and it is inflation that looks persistent. So, if the Fed cut last year on downside risk to the labor market, I think the concern for markets is – maybe they hike in 2027 or later this year based on a changing balance of risks in the direction of firmer inflation. So, for me, that's really kind of key. In addition to what they're saying about growth inflation in the labor market, what is their assessment of the distribution of risks around that modal forecast? Matthew Hornbach: There's definitely going to be a lot of investor interest in the press conference itself. What exactly may result from the opening statement. Presumably, Chair Warsh will give an opening statement. How are you thinking about the back and forth between Warsh and the reporters that are asking questions? Are there certain questions that you would anticipate him getting asked, and how do you think he might respond? Michael Gapen: Well, I think certainly that if we are correct, and I think markets are correct, that they do change forward guidance in the statement to more neutral bias, that certainly opens up the possibility that the Fed will be hiking. So, the obvious first question is – is this the first step in the direction of hiking? What would get you to raise rates? Should investors be thinking about that? Is that the course of travel here? Now Warsh may not want to answer that if he, kind of, is consistent in the view of saying the Fed shouldn't give a lot of forward guidance. So maybe get some popcorn, Matt. It could be a situation where he gets asked questions about the future path of monetary policy, and maybe he decides, ‘I don't want to take that up right now. The data will tell us, and we'll do what's necessary.' And second, I think as you're noting and getting to about the structure of the press conference and what he might say is; past Federal Reserve chairs, let's say from Bernanke on, have found the press conference – the press conference statement, the questions, the format, the venue – as a way to control the narrative. And I think what will be interesting is to see whether Warsh has the same design. The risk, of course, is perhaps that he doesn't and pulls back the amount of communication guidance that he wants to give. And then we'll see what fills that vacuum. What narrative fills that vacuum? And is he okay with that? So, it may be that there's a new sheriff in town, and he chooses that there's some questions I'll answer, others I won't. And so, I do think that interaction with the press corps will be interesting. Hard to know exactly where it's going to come down until we see it in real time. Matthew Hornbach: During Chair Warsh's testimony to Congress, he alluded to the idea that potentially the Fed may not do a press conference at every meeting going forward. How are you thinking about that in the context of this idea that if you leave a void, somebody else may fill it? Michael Gapen: Obviously, the Fed used to not have press conferences at all, and then they moved to having them quarterly or four times a year. And they found that that was a little suboptimal because it became harder to make decisions and changes in the off-press conference meetings [be]cause they didn't have a venue to explain what they were doing and what they were thinking. So, they migrated to eight meetings. So, I think it's kind of twofold. Yes, it would mean that they speak less and therefore maybe their word doesn't carry as much weight. Or there's longer gaps for other narratives to come in. Like, do we lose forward guidance from the Fed, and is that replaced by forward guidance from the Treasury, for example? How do markets weigh those signals? And but then also I would say would that ultimately box in the Fed to only make decisions on quarterly meetings rather than eight times a year? Would the chair, for example… Let's assume that at some point in the future, the Fed decides it does want to raise interest rates. Historically, the Fed does not surprise on rate hikes. It's perfectly willing to surprise on rate cuts, when it comes to that. But if there is a world where the Fed does decide, ‘Hey, we do need to raise rates, but we don't have a press conference to explain our view.' Would they take the decision at that meeting or would they wait? So, does it reduce their opportunity set? Matthew Hornbach: I think this issue would certainly be an interesting one for investors to think about, which is why I'm bringing it up with you. Because to the extent that the plan going forward is to hold a press conference only once a quarter, as you alluded to – investors may interpret that as the Fed not being willing to raise rates at every single meeting going forward, which would certainly affect the pricing in the very short end of the interest rate market. But more broadly, on communication strategy, do you think that that would be something that Chair Warsh would take upon himself? Or do you think it would be more likely for him to organize a committee to discuss communications? Michael Gapen: I think the right thing to do… Again, our job is to say what we think he will do – not what he should do. But I'm going to answer this one in the question of what I think he should do. I do think he should create, say, a subcommittee on communication and reevaluate what the Fed does. [Be]ause as chair, he has almost unilateral control over communications. But obviously you work within a committee, the committee operates with consensus. So, I do think it would make sense to, kind of, work through a committee and try and get as much consensus as you can. And, here, what I would hope where they, kind of, ultimately land is – Warsh has been critical in the past of the Fed's forecast, the forecast being incorrect, providing maybe incorrect forward guidance. And I would argue that it's not really the sole job of the SEPs – the Summary of Economic Projections – to provide a forecast. But what you get out of them is more than just a forecast. You get a hint of the committee's reaction function. That if data are above or below certain thresholds on growth, inflation, and unemplyment, then expect our policy path to look different. So, is there a way that he could review the communication strategy, tamp down the elements that are, say, a pure forecast, but keep the items that communicate to the market what a reaction function is? That's where I think a review committee could be useful in reforming or revamping what they do. Matthew Hornbach: Absolutely. In terms of the things that are really the purview of the committee, can you walk us through what those are in the context of Chair Warsh coming in having to ultimately make decisions on monetary policy – both interest rate policy as well as balance sheet policy? What are the purview of the committee itself? Michael Gapen: Yeah. The two main tools of monetary policy, in this case interest rate policy and balance sheet policy, is both of those are under the purview of the Federal Open Market Committee. So, to change interest rates, to reduce the size of the balance sheet, to change the rollover rate, to buy assets, to sell assets – all of that is an FOMC decision. There are subcomponents of that world where the board can make certain decisions. Now, the Fed views communication broadly as a tool, but in this case, communication is not an FOMC decision. The evolution of the communication strategy grew kind of organically out of '08, '09. Chairman Bernanke kind of started that process. It continued through, through Yellen. And that's been more of what I'll call a consensus operation, but there's no formal vote. So, the chair has a lot of control over how the Fed communicates, how often it communicates. But the policy decisions are from the FOMC. Matthew Hornbach: I'm often asked about this idea that less communication may end up affecting the bond market in certain ways. And typically, the concern amongst investors is that with less communication from the Fed – whether it be the chair or whether it be from the committee as a whole through the Summary of Economic Projections and its interest rate dot plot – there's concern amongst investors that removing that type of guidance would raise bond yields, essentially through the term premium component of the term structure. And the way that we think about it is probably in this environment where interest rates have already been inching higher, and investors are concerned about the hiking cycle that may eventuate, it probably would raise term premia initially. But from a more medium-term perspective, the way I think about it is that, you know, term premia can be positive, it can also be negative. And if we have less forward guidance, I would generally expect that term premium component to be more volatile than it has been in the past. Not necessarily just in the upward direction. But it could also be in the downward direction if the macro environment ends up changing in some way. Michael Gapen: Yeah, I could see in the current context, the inflation surprises have been to the upside, so less communication may mean more term premium. But we went through almost a decade after '08, '09, where most of those surprises were to the downside. So, you can imagine that it could be a symmetric story rather than an asymmetric one. Matthew Hornbach: Absolutely. Well, thanks Mike. That's very interesting, and thanks for taking the time to talk ahead of this upcoming FOMC meeting. I'm looking forward to our next discussion around the following FOMC meeting. Michael Gapen: Great speaking with you, Matt. Matthew Hornbach: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.
When Alexis de Tocqueville visited America from France in 1831 he saw a new kind of society. Not just a country, but an idea that would change the world. His book “Democracy in America” was a big influence on later generations of writers and thinkers, including The Economist's US Editor John Prideaux. Now, 250 years after its birth, the vitality of that democracy is under question. In this series, John retraces the route Tocqueville took to find out how much of what inspired Tocqueville about America remains—and how worried we should be about what's changed.Out nowFind the show here Hosted on Acast. See acast.com/privacy for more information.
Former IMF Chief Economist Kenneth Rogoff on the importance of Fed independence.
John Prideaux, The Economist's US Editor, embarks on a roadtrip to see how America's democracy is faring in the era of Trump. His companion is a long-dead French aristocrat called Alexis De Tocqueville, author of arguably the best book ever written about America. When Tocqueville arrived in New York in 1831, it was a small, low-slung city where pigs roamed the streets. But he was able to see past that—to a vision of the future.Arriving in Manhattan today, John finds cause for concern, even among the island's wealthiest residents. Guests and HostsJohn Prideaux, The Economist's US EditorBabara Tober, Philanthropist and former Editor of Brides magazineJohn Catsimatidis, CEO of Red Apple GroupTopics Alexis de Tocqueville's Democracy in America‘Equality of conditions' at 250The election of Zohran MamdaniDeclining faith in American democracyTo listen to the full series, subscribe to Economist Podcasts+. If you're already a subscriber to The Economist, you have full access to all our shows as part of your subscription. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account. Hosted on Acast. See acast.com/privacy for more information.
Tocqueville saw America's faith in its own democracy as a vital force. But these days the majority of Americans think the country is headed in the wrong direction. Can a group of maximum security prisoners in Sing Sing offer a vision of how to get back on track?Guests and HostsJohn Prideaux, The Economist's US EditorSean Pica, executive director of Hudson Link for Higher Education in Prison Jean Frantz, prisoner at Sing Sing Correctional Facility Topics Alexis de Tocqueville's views on voluntary associationsSing Sing prison education programmePrisoners' views on the American dream To listen to the full series, subscribe to Economist Podcasts+If you're already a subscriber to The Economist, you have full access to all our shows as part of your subscription. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account. Hosted on Acast. See acast.com/privacy for more information.
Tocqueville saw America's faith in its own democracy as a vital force. But these days the majority of Americans think the country is headed in the wrong direction. Can a group of maximum security prisoners in Sing Sing offer a vision of how to get back on track?Guests and HostsJohn Prideaux, The Economist's US EditorSean Pica, executive director of Hudson Link for Higher Education in Prison Jean Frantz, prisoner at Sing Sing Correctional Facility Topics Alexis de Tocqueville's views on voluntary associationsSing Sing prison education programmePrisoners' views on the American dream To listen to the full series, subscribe to Economist Podcasts+If you're already a subscriber to The Economist, you have full access to all our shows as part of your subscription. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account. Hosted on Acast. See acast.com/privacy for more information.
As the Trump administration rolls back environmental regulations, we revisit a 2022 episode that explored the hidden cost of an invisible threat: air pollution. SOURCES: Angela Duckworth, psychologist at the University of Pennsylvania. Michael Greenstone, economist at the University of Chicago, director of the Energy Policy Institute, co-director of the Climate Impact Lab. Stephan Heblich, economist at the University of Toronto. Andrea La Nauze, economist at Deakin University. Steve Levitt, professor emeritus of economics at the University of Chicago. Edson Severnini, economist at Boston College. RESOURCES: "Most Polluted Cities," (American Lung Association, 2026). "Air Pollution and Adult Cognition: Evidence from Brain Training," by Andrea La Nauze and Edson Severnini (Journal of the Association of Environmental and Resource Economists, 2025). "Air Pollution and Student Performance in the U.S.," by Michael Gilraine and Angela Zheng (NBER Working Papers, 2022). "Billions of people still breathe unhealthy air: new WHO data," (World Health Organization, 2022). "Evolution of the Clean Air Act," by the United States Environmental Protection Agency (2020). "The Death of U.K. Coal in Five Charts," by Hannah Ritchie (Our World in Data, 2019). "The Colour of Pollution," (The Economist, 2014). Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.