Podcasts about financial studies

Golf players, investors and CEOs perform better if they take their time. Or do they?  Today, Prof. Gerd Gigerenzer reveals why intuition often outperforms complex analysis and how shortcuts can lead to smarter decisions in business, sports, and investing. You'll learn: Why gut instinct can beat data-driven decisions (feat. insights from Gerd Gigerenzer). How firefighters, CEOs, and handball players make better choices under pressure. The dangers of overthinking—why too much time can worsen decisions (feat. 2004 golf study). Why simple rules predict outcomes better than complex models (feat. Wimbledon & NFL studies). ---  Sign up to my newsletter: https://www.nudgepodcast.com/mailing-list  Connect on LinkedIn: https://www.linkedin.com/in/phill-agnew-22213187/  Watch Nudge on YouTube: https://www.youtube.com/@nudgepodcast/ Gerd's book Smart Management: https://mitpress.mit.edu/9780262548014/smart-management/ ---  Sources:  Baum, J. R., & Wally, S. (2003). Strategic decision speed and firm performance. Strategic Management Journal, 24(11), 1107–1129. Beilock, S. L., Bertenthal, B. I., McCoy, A. M., & Carr, T. H. (2004). Haste does not always make waste: Expertise, direction of attention, and speed versus accuracy in performing sensorimotor skills. Psychonomic Bulletin & Review, 11(2), 373–379. DeMiguel, V., Garlappi, L., & Uppal, R. (2009). Optimal versus naive diversification: How inefficient is the 1/N portfolio strategy? The Review of Financial Studies, 22(5), 1915–1953. Dörfler, V., & Eden, C. (2017). Becoming a Nobel Laureate: Patterns of a journey to the highest level of expertise. AoM 2017: 77th Annual Meeting of the Academy of Management, Atlanta, GA, August 4-8. Easterbrook, G. (2010). TMQ's annual bad predictions review. ESPN. Eslam sdt Henry. (2018). Best football trick world cup 2006 Jens Lehmann [Video]. YouTube. https://youtu.be/LRAOEWAbO00 Johnson, J., & Raab, M. (2003). Take the first: Option-generation and resulting choices. Organizational Behavior and Human Decision Processes, 91(2), 215–229. Klein, G. A. (1999). Sources of power: How people make decisions. MIT Press. Reb, J., Luan, S., & Gigerenzer, G. (2024). Smart management: How simple heuristics help leaders make good decisions in an uncertain world. The MIT Press. Serwe, S., & Frings, C. (2006). Who will win Wimbledon? The recognition heuristic in predicting sports events. Journal of Behavioral Decision Making, 19(4), 321–332. https://doi.org/10.1002/bdm.530 West, D. C., Acar, O. A., & Caruana, A. (2020). Choosing among alternative new product development projects: The role of heuristics. Psychology & Marketing, 37(12), 1719–1736. https://doi.org/10.1002/mar.21397

Today we are joined by the Professor of Finance at the University of Utah, Matt Ringgenberg to discuss everything related to anomaly returns. Matt's research – mainly centred on the actions of short sellers – has been published in all the major journals including the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. We begin with the definition of an asset pricing anomaly before learning about the anomalies that Matt's research is primarily focused on. Then, we unpack anomaly returns and how they relate to anomaly signal information, what causes anomalies, the risk versus mispricing debate, and the barriers to accessing financial data that allow anomalies to persist. We also weigh Matt's research against its anomaly-denying counterparts, assess anomaly behaviour before and after publicly available signal information, explore models that help to predict future anomalies, and learn more about the economic mechanism underlying asset pricing anomalies. To end, we dive into Matt's paper, ‘The Loan Fee Anomaly' and explore the relationship between cross-sectional predictors and market returns, and Matt explains why long-term happiness is the only true marker of success.    Key Points From This Episode:   (0:05:07) Matt Ringgenberg defines an asset pricing anomaly and describes the anomalies his research is focused on.  (0:06:27) When anomaly returns appear relative to the release of anomaly signal information. (0:07:57) How the annual forming of portfolios in June affects anomaly returns.  (0:08:50) The cause of anomalies, and the risk versus mispricing debate on anomaly returns.   (0:10:35) Unpacking the barriers to accessing financial data that allow anomalies to persist.   (0:13:41) How Matt's rebalancing approach could affect anomaly-denying research. (0:14:37) Applying his work to valuation-based anomalies and to investors capturing anomaly returns in live-traded portfolios.   (0:16:04) How anomalies behave before anomaly signal information is publicly available. (0:17:48) Exploring the models that can be used to predict future anomaly signals.  (0:19:05) How anomaly premiums traded on predicted signals compare to trades on actual information release dates. (0:19:37) Understanding the economic mechanism underlying asset pricing anomalies. (0:24:38) Dissecting one of Matt's short-selling papers, ‘The Loan Fee Anomaly'. (0:32:51) The relationship between cross-sectional predictors and market returns. (0:39:11) What Matt hopes to pass on to his students in his Introduction to Investments course. (0:40:48) How Matthew Ringgenberg defines success.   Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemindRational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://pwlcapital.com/our-team/ Cameron on X — https://x.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://x.com/MarkMcGrathCFP Matthew Ringgenberg on Google Scholar — https://scholar.google.com/citations?user=NArgYXUAAAAJ  Matthew Ringgenberg on LinkedIn — https://www.linkedin.com/in/matthewringgenberg/  Matthew Ringgenberg on X — https://x.com/Ringgenberg_M  University of Utah — https://www.utah.edu/  Davidson Heath on LinkedIn — https://www.linkedin.com/in/davidson-heath-5a28999a/   Management Science — https://pubsonline.informs.org/journal/mnsc  Journal of Financial and Quantitative Analysis — https://jfqa.org/  Morningstar Direct — https://www.morningstar.com/business/brands/data-analytics/products/direct  YCharts — https://ycharts.com/  Andre Chen — https://andrewchen.substack.com/  David Booth | Dimensional Fund Advisors — https://www.dimensional.com/hk-en/bios/david-booth    Papers From Today's Episode:    ‘A Conversation with Benjamin Graham' — https://www.jstor.org/stable/4477960   ‘The Loan Fee Anomaly: A Short Seller's Best Ideas' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3707166  ‘Do Cross-Sectional Predictors Contain Systematic Information?' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3459229

Dr. Roger Cohen is an entrepreneur, focused on addressing climate change through innovative solutions. He leads C2Zero and the Real Carbon Price Index (RCPI), initiatives aimed at reducing carbon emissions. Roger was part of the founding team at BetaShares and has held senior roles at Macquarie Bank, Deutsche Bank, and NatWest. Roger has lectured in risk management to engineering students at the University of Sydney and serves as a senior adviser at the Monash Centre for Financial Studies. A Fulbright Scholar in the USA in 1988, Roger holds a PhD in Mechanical Engineering from the University of Sydney and is a Fellow of the Financial Services Institute of Australia. Links ____________________________________ Roger's Profile: https://www.linkedin.com/in/portablebeta/ Effectiveness of compliance market mechanisms: https://doi.org/10.1016/j.jclepro.2024.143761 Only 20% of emissions are covered by compliance schemes: https://www.realcarbonindex.org/ Less than 16% of carbon credits issued constitute real emission reductions.https://doi.org/10.1038/s41467-024-53645-z Corporations creating demand for low-integrity carbon offsets: https://doi.org/10.1038/s41467-024-51151-w Renewable energy offsets are no longer considered ‘high integrity': https://icvcm.org/carbon-credits-from-current-renewable-energy-methodologies-will-not-receive-high-integrity-ccp-label/ Timestamps ____________________________________ 0:00 Intro 1:00 - Consilience and Siloed Thinking 3:55 - A brief overview of carbon markets 18:06 - What are compliance carbon markets? 23:00 - Example 1: Carbon Tax 26:45 - Example 2: Emissions Trading Schemes 34:22 - Are compliance schemes effective at reducing greenhouse gas emissions? 40:00 - Are compliance schemes reducing emissions fast enough? 46:22 - Summary of compliance carbon markets discussion 47:41 - What is the voluntary carbon markets? 49:31 - What are carbon offsets? 54:47 - What is the problem with carbon offsets? 1:04:07 - Do we need carbon offsets? 1:08:57 - Prognosis on the future of carbon markets

No episódio anterior, Mariana Alvim e o economista José Alberto Ferreira acompanharam-nos numa visita guiada aos bancos. Compreendemos a sua interdependência e a forma como se ajudam uns aos outros, neste negócio de emprestar dinheiro a longo prazo garantindo um nível mínimo de liquidez a curto prazo, que vive na base da confiança.Neste episódio, que será o último desta temporada, a dupla vai abanar o setor financeiro e falar de como e quando um banco entra em apuros.O que significa a falência de um banco? E que semelhanças tem com a de uma empresa?Quando um banco entra em falência, para além dos impactos no setor financeiro, pode haver consequências na Economia como um todo.E para nós, cidadãos comuns, o que é que isto significa? Estaremos sempre à mercê do que acontece aos bancos, sem possibilidade de nos defendermos e sem podermos intervir? Verá que não: todos temos um papel muito mais ativo do que geralmente pensamos. Referências e links úteisArtigos científicos e livros:Bail-in ou bail-out: quem salva os bancos?Philippon, T., & Salord, A. (2017). Bail-ins and bank resolution in Europe: A progress report (Geneva Reports on the World Economy Special Report 4). ICMB and CEPR.Sobre as consequências económicas da falência do BES para o tecido empresarial português:Beck, T., Da-Rocha-Lopes, S., & Silva, A. F. (2021). Sharing the pain? Credit supply and real effects of bank bail-ins. Review of Financial Studies, 34(4), 1747–1781Coluna VoxEU sobre o artigo.Outros links úteis:As falências bancárias em perspetiva histórica (nos EUA)O que é a União Bancária? (pela Vice-Governadora do Banco de España)O Mecanismo Único de ResoluçãoComo funciona a garantia de depósitos?Filmes sobre a dinâmica da crise de 2008:The Big Short (2015)Margin Call (2011)BIOSMARIANA ALVIMLocutora da rádio RFM há 15 anos. Depois de quase 10 a fazer o «Café da Manhã», agora leva os ouvintes a casa, com Pedro Fernandes, no «6PM». É autora de livros para adolescentes e criou o podcast «Vale a Pena», no qual entrevista artistas enquanto leitores.JOSÉ ALBERTO FERREIRADoutorando em Economia no Instituto Universitário Europeu, em Florença. Trabalhou no Banco Central Europeu, com foco na investigação em modelos de política monetária e macroprudencial.

Our guest this week is Dr. Hendrik Bessembinder. Hank is the professor in Francis J. and Mary B. Labriola Chair in Competitive Business at Arizona State University's Department of Finance. Prof. Bessembinder's research focuses on market design and trading, including stock, foreign exchange, fixed income, futures, and energy markets, as well as on measuring long-term investment performance. He's published numerous articles in the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies, among others.In today's conversation, we'll focus on the most widely cited and influential of Prof. Bessembinder's papers, which is entitled, Do Stocks Outperform Treasury Bills? The paper's key findings could have implications for stock investors of all stripes. So, we were excited to talk to Hank and dig into his work. You can find this paper and other follow-on work that Hank has done on SSRN and we'll link to it in the show notes.BackgroundBioResearch“Do Stocks Outperform Treasury Bills?” by Hendrik Bessembinder, ssrn.com, June 3, 2018.“Wealth Creation in the US Public Stock Markets 1926 to 2019,” by Hendrik Bessembinder, ssrn.com, Feb. 13, 2020.“Which US Stocks Generated the Highest Long-Term Returns,” by Hendrik Bessembinder, ssrn.com, July 22, 2024.“Long-Horizon Stock Returns Are Positively Skewed,” by Adam Farago and Erik Hjalmarsson, Review of Finance, April 6, 2022.“Why Has IPO Underpricing Changed Over Time?” by Tim Loughran and Jay Ritter, Financial Management Journal, Autumn 2004.“Long-Run Stock Market Returns: Probabilities of Big Gains and Post-Event Returns,” by Hendrik Bessembinder, ssrn.com, Dec. 27, 2021.“Extreme Stock Market Performers, Part I: Expect Some Drawdowns,” by Hendrik Bessembinder, ssrn.com, July 21, 2020.“Shareholder Wealth Enhancement, 1926 to 2022,” by Hendrik Bessembinder, ssrn.com, June 17, 2023.“Long-Term Shareholder Returns: Evidence From 64,000 Global Stocks,” by Hendrik Bessembinder, Te-Feng Chen, Goeun Choi, and K.C. John Wei, ssrn.com, March 6, 2023.“Predictable Corporate Distributions and Stock Returns,” by Hendrik Bessembinder, ssrn.com, Nov. 24, 2014.OtherCenter for Research in Security Prices (CRSP)“What Is Jensen's Measure (Alpha), and How Is It Calculated?” by James Chen, Investopedia.com, July 1, 2024.

My guest today is Meir Statman, he is a professor of finance, author, expert in behavioral finance. We talk about his newest book: **A Wealth of Well-Being: A Holistic Approach to Behavioral Finance —** I learned a lot, and I trust that you will too. Meir Statman is the Glenn Klimek Professor of Finance at Santa Clara University. His research focuses on behavioral finance. He describes people as “normal,” neither computer-like “rational,” nor bumbling “irrational,” and attempts to understand and explain how normal people make choices and how these choices affect their well-being. Meir's research has been published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, the Financial Analysts Journal, the Journal of Portfolio Management, and many other journals. The research has been supported by the National Science Foundation, the CFA Institute Research Foundation, and the Investment and Wealth Institute (IWI). Meir is a member of the Advisory Board of the Journal of Portfolio Management, the Journal of Wealth Management, the Journal of Retirement, the Journal of Investment Consulting, and the Journal of Behavioral and Experimental Finance; an Associate Editor of the Journal of Behavioral Finance and the Journal of Investment Management; and a recipient of a Batterymarch Fellowship, a William F. Sharpe Best Paper Award, two Bernstein Fabozzi/Jacobs Levy Awards, a Davis Ethics Award, a Moskowitz Prize for best paper on socially responsible investing, a Matthew R. McArthur Industry Pioneer Award, three Baker IMCA Journal Awards, and three Graham and Dodd Awards. Meir was named as one of the 25 most influential people by Investment Advisor magazine. He consults with many investment companies and presents his work to academics and professionals in many forums in the United States and abroad. Meir received his Ph.D. from Columbia University, and his B.A. and M.B.A. from the Hebrew University of Jerusalem. Takeaways Balancing saving and spending is important for financial well-being. Life well-being is achieved through living a satisfying life full of meaning and purpose. Money plays a role in various domains of life, including financial, social, cultural, and personal. Envy and other emotions related to social status can impact happiness. Knowing your comparison group and focusing on your own achievements can lead to greater contentment. Self-control is essential when saving for the future, and it's important not to dip into capital except when necessary. Finding a balance between saving and spending is crucial, as some people become so focused on saving that they forget to enjoy their wealth. Involving the next generation in financial planning is important for creating a multi-generational wealth strategy. Podcast Program – Disclosure Statement Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Franklin Allen is Professor of Finance and Economics and Director of the Brevan Howard Centre at Imperial College London and has held these positions since July 2014.  In August 2019 he became the Associate Dean for Faculty and Research in the Business School and in August 2020 the Vice-Dean (Research & Faculty) there.  In September 2023 he became Interim Dean.  He was on the faculty of the Wharton School of the University of Pennsylvania from September 1980 – June 2016. He now has Emeritus status there. He was formerly Vice Dean and Director of Wharton Doctoral Programs, Co-Director of the Wharton Financial Institutions Center, Executive Editor of the Review of Financial Studies and Managing Editor of the Review of Finance. He is a past President of the American Finance Association, the Western Finance Association, the Society for Financial Studies, the Financial Intermediation Research Society and the Financial Management Association, and a Fellow of the Econometric Society and the British Academy.  He received his doctorate from Oxford University. Dr. Allen's main areas of interest are corporate finance, asset pricing, financial innovation, comparative financial systems, and financial crises.  He is a co-author with Richard Brealey and Stewart Myers of the eighth through thirteenth editions and with Alex Edmans as well of the fourteenth edition of the textbook Principles of Corporate Finance. Visit https://www.aib.world/frontline-ib/franklin-allen/ for the original video interview.

China and the United States are strengthening financial cooperation through the China-US Financial Working Group, a positive and essential step for preventing global financial crises and injecting stability into the fragile global economy, experts said.They commented after the China-US Financial Working Group held its fourth meeting on Tuesday in Washington. The meeting was co-chaired by Xuan Changneng, deputy governor of the People's Bank of China, and Brent Neiman, assistant secretary of the US Department of the Treasury, with financial regulators participating.The PBOC, China's central bank, said on Wednesday that the two sides had "professional, pragmatic, candid and constructive" discussions on topics such as monetary policy and financial stability, financial supervision cooperation, institutional arrangements in financial markets, cross-border payment and data, sustainable finance, anti-money laundering efforts, countering the financing of terrorism and financial infrastructure.The working group was established by the two sides in September to strengthen communication on financial topics.US Treasury Secretary Janet Yellen met with the Chinese delegation, and the two sides agreed to continue to maintain communication, according to the PBOC.The meeting came shortly after Yellen visited China earlier this month, when the two sides agreed to continue to conduct exchanges on financial stability, sustainable finance, anti-money laundering and other issues under the framework of the financial working group.Liu Ying, a researcher at the Chongyang Institute for Financial Studies of Renmin University of China, said the meeting was of great significance in delivering a positive signal that China-US economic and financial ties are steadily recovering.Liu said: "In recent years, the relationship between China and the US has experienced significant fluctuations. The fact that the two sides are continuously engaging through the financial working group indicates that their bilateral relationship is moving toward stabilization and recovery, bringing a certain level of stability and certainty to the world economy."The China-US meeting came at a time when global stock and bond markets are under pressure, as recent US inflation reports showed persistent price pressures and Fed officials have hinted that US monetary policy may need to be restrictive for longer.Liu Chunsheng, an associate professor at the Central University of Finance and Economics' School of International Trade and Economics, said that against such a backdrop, it is of particular significance for China and the US to strengthen exchanges concerning monetary policies and financial stability."This will help the two sides better understand each other's monetary policy moves, strengthen mutual trust and work together to address any potential financial stresses," Liu said.According to the US Department of the Treasury, the two sides held a technical exchange in March to discuss each jurisdiction's approach to financial stability oversight and make plans for technical exercises on financial stability.Liu from Renmin University of China said that if the US does not lower interest rates, that could exacerbate global financial fragility by intensifying the pressures of local currency depreciation and capital outflows in other economies. It also could sustain the stress within the US banking system and increase the vulnerability of elevated US government debt, she said.Therefore, the world's two biggest economies "need to and must" strengthen communication for macroeconomic policy coordination, Liu said, adding that the US side should keep China updated on its monetary policy decisions, while the Chinese side should help ensure that the US avoids implementing beggar-thy-neighbor monetary policies.Also on Tuesday, the China-US Economic Working Group held its fourth meeting, during which officials from both sides exchanged views on topics including the macroeconomic situations of the two countries as well as the world, balanced growth, and future communication arrangements, the Ministry of Finance said on Wednesday.China expressed concerns over US trade and economic restrictions against China and provided further responses on the production capacity issue, the ministry said.

In this conversation, Bob French interviews his father, Ken French, a professor of finance, about key concepts in economics and investing. They discuss the concept of marginal cost and marginal revenue, which helps individuals make decisions based on the balance between costs and benefits. They also explore risk aversion and how it affects investment decisions, as well as the winner's curse, which refers to the tendency to overestimate the value of winning bids or investments. Overall, the conversation provides valuable insights into economic thinking and decision-making. In this conversation, Bob and Ken French discuss the challenges of drawing inferences about the future based on past performance in the financial markets. They highlight the winner's curse and the noise in securities returns as factors that make it difficult to predict which asset class or active manager will outperform in the future. They also discuss the problem of overconfidence and the importance of accurate market prices. The conversation concludes with a discussion on the benefits of stock buybacks and the option value of investments. Listen now to learn more!    Kenneth French's Bio: Kenneth R. French is the Roth Family Distinguished Professor of Finance at the Tuck School of Business, Dartmouth College. French is an expert on the behavior of security prices and investment strategies. He and his frequent co-author Eugene F. Fama have written many notable papers, including “The Cross-Section of Expected Stock Returns”, “Common Risk Factors in the Returns on Stocks and Bonds”, and “A Five-Factor Asset Pricing Model.” French is a research associate at the National Bureau of Economic Research, an Advisory Editor of the Journal of Financial Economics, the Journal of Banking and Finance, and the Financial Review, a member of the Editorial Board of the Critical Finance Review, a former Associate Editor of the Journal of Finance and the Review of Financial Studies, and a former President of the American Finance Association. Professor French is also a Fellow of the American Finance Association and the American Academy of Arts and Sciences, Chair of the Valpo Surf Project's Global Board of Directors, and a member of the Board of Directors of the Cato Institute, Grassroot Soccer, and the International Rescue Committee. Professor French is a consultant to Dimensional Fund Advisors and a member of the firm's board of directors. Before joining Dartmouth, Professor French was on the faculty of MIT's Sloan School of Management, the Yale School of Management, and the University of Chicago Booth School of Business. Professor French received his PhD in finance from the University of Rochester in 1983. He also earned an MS and an MBA from the University of Rochester and a BS from Lehigh University. Takeaways Understanding the concept of marginal cost and marginal revenue can help individuals make informed decisions based on costs and benefits. Risk aversion is driven by the decreasing marginal utility of wealth, where the value of each additional dollar decreases as wealth increases. The winner's curse refers to the tendency to overestimate the value of winning bids or investments, and it can be observed in various contexts, such as oil lease auctions and hiring decisions. Considering these concepts can enhance economic thinking and decision-making in investing and other areas of life. Drawing inferences about the future based on past performance is challenging due to the winner's curse and the noise in securities returns. Overconfidence is a common problem in investing, and people often overestimate their ability to pick winning investments or active managers. Accurate market prices are important for allocating resources efficiently and signaling the value of different activities. Stock buybacks can be beneficial for companies and society, as they can signal undervaluation and allow companies to allocate resources more effectively. The option value of investments should be considered, as companies may choose to buy back stock when they don't have better investment opportunities. Chapters 00:00 Introduction and Setting the Stage 09:19 Navigating Risk Aversion in Investing 31:46 Enhancing Economic Thinking and Decision-Making 45:39 The Importance of Accurate Market Prices 51:42 The Benefits of Stock Buybacks   Links:  Register for the webinar with Retirement Researcher and Kenneth French! 'Five Things I Know About Investing' Wed 4/24 at 2 eastern www.risaprofile.com/podcast   The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/    This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/roth/ to download McLean's free eBook, "Is a Roth Conversion Right For You?"

Investors are regaining confidence in China's stock market. Major benchmark indexes have recovered as authorities tighten supervision over the quality of the companies to float on the stock exchanges, amongst other support measures. Will China's battered equity markets increase or decrease in the coming months? Is the undervalued Chinese stock market the world's best value proposition, as seen by some financial experts? For more, host Tu Yun joins John Ross, a Senior Fellow at the Chongyang Institute for Financial Studies, Renmin University of China, Dr. John Gong, Professor of Economics, University of International Business and Economics, and Chen Jiahe, the Chief Investment Officer of Beijing-based Novem Arcae Technologies for a close look at the issue on this episode of Chat Lounge.

Find me and the show on social media @DrWilmerLeon on X (Twitter), Instagram, and YouTube Facebook page is www.facebook.com/Drwilmerleonctd This week our guest is Vijay Prashad. TRANSCRIPT Announcer (00:06): Connecting the dots with Dr. Wilmer Leon, where the analysis of politics, culture, and history converge. Dr Wilmer Leon (00:14): Welcome to the Connecting the Dots podcast with Dr. Wilmer Leon, and I'm Wilmer Leon. Here's the point. We have a tendency to view current events as though they occur in a vacuum, failing to understand the broader historical context in which most events take place. During each episode, my guests and I, we have probing, provocative, and in-depth discussions that connect the dots between the current events and the broader historical context in which they occur. This will enable you to better understand and analyze the impact on the global village in which we live on today's episode. The question is, is the West's hegemonic control over the rest of the world on the decline? If so, is it salvageable for insight into this and other issues? Let's turn to my guest. He's an Indian historian, editor and journalist. He's a writer and fellow and chief correspondent at Globetrotter. He is an editor of Left Word Books and the director of Tri Continental, the Institute for Social Research. He's a senior non-resident fellow at Sean Yang Institute for Financial Studies at the Remnant University of China. He's written more than 20 books, including the darker nations and the Poor Nations, and he's the author of the article, hyper Imperialism. He's Vijay Prade. Vijay, welcome to the show. Vijay Prashad (01:45): It's great to be with you. Yeah, truly. Dr Wilmer Leon (01:48): Thank you so much for giving me time in your peace. Hyper in imperialism. Well, in fact, let me start this way. Lemme start this way back in 2016 at the Democratic Convention, then Vice President Biden said, we do not scare easily. We never bow. We never bend. We never break when confronted with crisis. No, we endure, we overcome, and we always, always, always move forward. We are America second to none, and we own the finish line. Don't forget it, Vijay. The undefeatable indispensable America are terms that are often used, well worn tropes, the realities that are existing all around us. Make these statements trite and meaningless to me. Your thoughts? Vijay Prashad (02:47): Well, it's interesting Wilmer, because Mr. Biden made those comments, as you said in 2016. In 2023, the United States forgot to celebrate the 200th anniversary of the Munro Doctrine. Now, for those who don't know the Munro doctrine, it was enunciated by James Munro. The idea was pretty simple. Ro was saying for this new country, 1776 Revolution, 1923, Monroe Doctrine, I mean in the 18th century, a decade was a very long time. I understand that, not like now where you're sometimes just goes by so quickly. Time seems to have speed it up, but nonetheless, a young country in 1823, Mr. Monroe says at the time that, look, we just told the British Empire to go out of our shores. Not exactly because Britain still had Canada as a colony, but nonetheless Britain out of a part of North America. The United States hadn't yet ejected the French from all of North America, and there was also pockets of other Europeans involved in North America, let alone South America. (04:13) So nonetheless, quite audaciously, Mr. Monroe said, with the backing of the whole political class. Don't forget, Jefferson had already foreshadowed some of this stuff in his speeches, but Monroe said, look, Europeans, this hemisphere, the Americas from the tip right down to TGA del Fuego is not yours. The Americans will determine the destiny of this hemisphere. Now, of course, he then said something else which is, well, we in the United States have a manifest destiny, very delightful term from Christian eschatology about the city on the hill, the church at the town square and so on. We have a manifest destiny. We are Europeans. We are Europeans who have gone beyond the Europeans in Europe, and we want to make it clear not only as Europeans, because there are Europeans in South America as well, but we want to make it clear that it's America for the Americans, except when we say Americans, we mean those from the United States of America. (05:23) So that in fact the Monroe Doctrine, noble words as well, the MRO doctrine basically says the whole Americas is the domain of the United States. The United States therefore can intervene anywhere in the Americas when it feels that its interests or the interests of an enlightened civilization are threatened. And therefore we had a range of interventions, military interventions, most of Central America, much of the Caribbean, Haiti, colonized recolonized United States goes into Dominican Republic, the assault on Cuba after 1959. And so all done on the basis of Thero doctrine of 1823. Now, it's interesting because Wilma, I could make an argument what the United States did subsequent to the So-called Spanish-American War where the US seizes, the Philippines seizes, Puerto Rico seizes Cuba. You see, it's a very good example of Thero doctrine being, well, it's America for the Americans, but really Americans means the United States of America. After the Spanish American War, 1898, the United States starts to globalize the Monroe Doctrine. (06:44) And in fact, that's what happens in the aftermath of World War ii because by the aftermath of World War ii, the United States did have the technology therefore could actually have a global MRO doctrine, military bases having ships that could cross the Pacific Ocean pretty rapidly, oil fired ships could get through the Panama Canal, could go out to the Suez Canal. You had an amazing global military footprint bases all over the world and so on. That was the global MRO doctrine. Well, what's happened is that as a consequence of a number of different factors, including in the United States, the government no longer wanting to regulate the rich and therefore harvest taxes from them for a host of reasons. That's one, the lack of any kind of consensus among the elites in the United States, deep partisanship and so on. And then the trauma of this third grade depression, all these factors came together to basically signal a decline of US global power. (07:57) That is, you still have the rhetoric of the Monroe Doctrine, Mr. Biden's speech in 2016, but you don't have the realities of the Monroe Doctrine. You can bomb any country around the world, but you really can't have legitimacy over them. If a country, for instance, on the African continent needs to have a bridge built, they turn to China now to get money for that bridge to build the bridge. The United States very good at bombing the bridge, not so good at building the bridge. And I think that itself, the bridge story is a way to encapsulate the nature of the decline. In other words, US still has immense military power, spends with its allies, three quarters of world military spending, but just doesn't have the resources to do the kind of development aid it used to build the legitimacy that it once did. You said shop won cliches, tired language and so on, reporting to Mr. Biden. Yes. And the reason for that is not because Mr. Biden is out there flogging old clothes. It's that no us politician in fact can flog anything but tired. Shop one rhetoric and belligerence, they can do that legitimately, but they can't go out there and say for instance, to the people in the Sahel, Hey, listen, don't do all these cos we'll come in, we'll build a factory. We'll build a bridge for unbelievably to even once hear them say, we'll build a school, we'll build a hospital. Not going to happen Wilma, not in our lifetime. Dr Wilmer Leon (09:43): You just mentioned that the United States has extraordinary military supremacy, but the irony in that reality is the United States for all intents and purposes, hasn't won a conflict since World War ii, unless you want to throw Grenada into the conversation. United States had its hin parts whooped in Vietnam. The United States had its hin parts whooped in Afghanistan, 20 years in Afghanistan, what two and a half trillion dollars wasted, and we wound up turning the country back over to the same folks that we were fighting to take it from. We lost in Iraq, we lost in Libya. Now we've been outmaneuvered in Ukraine and of all people, Ansar Allah in the Red Sea is having traumatic impact on international trade. So yes, the United States has military superiority, but it seems as though the nature of warfare has gone almost asymmetrical and the United States hasn't been able to keep up. Vijay Prashad (11:05): Well, one of the issues is the difference Dr Wilmer Leon (11:08): Is that assessment accurate? Vijay Prashad (11:10): Very accurate. I mean, look, let's just take one of your examples. Let's take the example of Afghanistan. You said over $2 trillion spent by the United States doing what? And that's a key thing. Doing what? I want to come back, Wilma to that distinction between blowing up the bridge and building the Dr Wilmer Leon (11:30): Bridge and building the bridge. Vijay Prashad (11:31): You see, because the United States can win battles, it can win a military confrontation. You can win a battle. I mean, I was there and saw the destruction of Iraq after 2003. You can destroy power plants, take out bridges, just level the government buildings to all those things win. But war have never, never been won merely by battles. Now, there could be lots of examples in the ancient world when an army was in fact defeated and another army came in and occupied and conquered and oppressed people. But in a way that's still not a victory in the war because unless you are able to do something for the people you've occupied, unless you are able to create legitimacy for yourself as a new government, a new king, a new ruler or whatever it is, there's no way to win the war. War just merely by force. (12:31) So in the case of Afghanistan, it is absolutely true. When the US went in there in October of 2001, the bombing was ferocious. The Taliban fled from Kabul, from Jalalabad. The Taliban remnants of them that had been sitting near the Pakistan border just ran across the border to Pakistan. They fed. I mean, you remember the battle of Torah, Bora when apparently Osama bin Laden was holed up in a cave there, the United States was ping those mountains. The Taliban was fleeing. They don't want to fight a direct battle. Nobody wants to stand Wilma in a plane and be taken out by a drone. Okay? The United States can do that. Incredible technology as a young person sitting in Nevada in Las Vegas with a toggle stick in a red button can kill somebody in the of Afghanistan, in Pakistan. Extraordinary technology having chased out the Taliban, having bombarded the infrastructure. (13:34) What happens next? Here, let's go to Iraq where it's clear, clearer. Lots of journalists looked at this closely. I mean, pram Chatterjee wrote a great book called Iraq Inc. In other words, Iraq Incorporated. What did he mean by that? What he meant was it was open season, Wilma, there's a Hollywood film about this. A bunch of, let me just speak pretty straight with you here. A bunch of jackasses from God knows where Republican party people showed up in Iraq, got contracts from the US government, from the people who were the vice councils of the United States in Iraq. They didn't build anything. Let's go back to Afghanistan. In Afghanistan, they began to count Wilma, and this is horrifying. They began to count educated. When they say so many hundreds of thousands of children are in school in Kabul, okay, how do you know that so many hundreds of thousands of children are in school in the area around ka? (14:43) How do you know that all across the country? How do you know that? Well, we know that because somebody invoiced the government for chairs. So if I invoice for a hundred thousand chairs, the US government and the Afghan government stunningly and scandalously said, we have a hundred thousand people in classroom. Meanwhile, a hundred thousand chairs were not even delivered. I just invoiced you. I took the money and ran. You never saw me again. I mean, you look at the audits done by the US government of the spending in Afghanistan, scandalous spending. So you can win the battle. You can't win the war. You're not building schools, you don't have kids in classrooms. Then families say, what's the point of throwing out the Taliban and bringing you guys in because you are just corrupt. Those people, they may have their problems and indeed, my God, they have their problems. (15:42) They want gender segregation. No girls in schools and so on, but at least they're not corrupt. That's what people started to say again about the United States government in Iraq, the same thing. People go, why is there this attitude? Let's make a quick buck. Why? Because people have been learning this since at least the Reagan administration in the United States. This cannibalization of society is not something that only happens abroad. You are familiar with that Within the United States, there's so many. There are even terms where it boondoggles. The US military forgets hundreds of millions of dollars. They can't find where that money went. I mean, this is annually. There are reports that come out on this money forgotten, this boondoggle culture among the elites. It makes them mediocre. They don't want to work to be an elite. They want to inherit elite status. Everything is about an inheritance. (16:46) They don't want to work hard. They don't want to do anything. It's interesting because in Afghanistan, the British, for all their flaws, they said, well, we have experience of three to 400 years of colonialism. The British were saying, you people don't have the staying power. Well, actually, Rory Stewart and others who were saying things like that, they were not right. It's not a question of staying power. It's a question of did you want to win the war or did you just want to win battles and then come in there and quickly make a buck and flee, go off somewhere else? As I said, a Hollywood film was made about this. It's in the culture, this conversation. I'm not making this stuff up. It's real. So yes, United States very big military capable of blowing up bridges just to repeat that, but not so committed to building them. (17:39) And that's how you lose your legitimacy. If you no longer give people something that they want or they need, you don't address their problems, you're not going to be credible. Look, during the pandemic, the Chinese announced that they've ended absolute poverty in China, so enormous fe, the United Nations celebrated it and so on as we speak, Wilma, I was reading a story that there's a bill sitting in the US Congress about tax credits to be given to families so that millions of children in the United States can for the period of just this calendar year, be outside poverty. I mean, how does a story like that look around the world here at the Chinese saying, we've eradicated absolute poverty and here's the United States Congress debating whether or not to eradicate poverty, mind you, whether to pass tax credit so that for one year so many tens of millions of children in the United States can be above the poverty line. (18:43) I mean, what's going on, Wilma? This is something for people in the United States to reflect on very seriously. Is this the country that looks credible to the world? When you have somebody saying, we own the finish line. I mean, what a revealing statement that is. Joe, Joe Biden. I mean Joe, nobody owns the finish line, Joe. That's why it's a finish line. If you own the finish line, Joe, there's no race. You rigged the race, and that's exactly the attitude that people in the United States need to confront. You can't live in a society that's rigged against you. You have to fight to build a society where people feel like something is there for them, and that attitude then will create new speeches. People will realize we're not a city on the hill. We don't have a manifest destiny. There is Noro doctrine. We're just people. (19:38) We live on the planet. We've got to collaborate with others, whether it's the people in Yemen or other people in Libya or indeed the people in the Democratic Republic of Congo. I want a cell phone. I want to use their cobalt. I want to use their cold tan, but they have a right to live decent lives. I need to pay them. The corporations need to pay the people in the Congo that are digging that stuff up with their fingernails, and that's the scandal, and that's the discussion around that scandal that needs to happen in a place like the United States. Dr Wilmer Leon (20:14): And to Joe Biden's point and to your response about owning the finish line, if you claim to own the finish line, then that means that you control the finish line, and that also means that you can move the finish line. And that takes me to Tony Blinken term. Well, George HW Bush talked about the new world order, and then Tony Blinken comes in with not international law, but what's the term that Tony Blinken always loves to use about the controlling order? I can't remember the term that Tony Blinken loves to use, but it's where basically what he's saying is we have the rules, we set the laws. You all just follow what we say. Vijay Prashad (21:09): Yeah, this is his phrase, the rules based information, Dr Wilmer Leon (21:11): Order based order. Exactly. Exactly Vijay Prashad (21:14): Why you forgot it, Wilma. This is a because Dr Wilmer Leon (21:17): It has no definition. Vijay Prashad (21:18): No, it means nothing. And also it's one of the things that was there when Mr. Blinken was nominated for this job. You remember this very well. They praised him saying He's fluent in French. I thought, and I'm sorry to be so blunt, and I know that a lot of your listeners are serious people and they don't like this kind of talk, but I felt that Mr. Blinken, if he doesn't make sense in English, can't be making sense in French. So there's that rules based international order. What other kind of international order could there be? Tony? That's the question to ask him are they're all rules based. The question is who makes the rules and does everybody abide by the rules? Okay, we actually have rules that are based on Dr Wilmer Leon (22:13): Do we even know what the rules are, Tony? Yes. Vijay Prashad (22:17): In fact, that's the interesting part, Wilma, because okay, the question to ask them is what's the basis for your rules? In fact, the most consensus treaty document we have in the modern world since 1945, the document with the greatest consensus is the United Nations charter. There is no other document which has almost all countries signed onto it, okay? It's the greatest consensus document that we have in human history till now. Maybe there'll be another one, but the UN charter is paramount, and in fact, I would say that most people around the world want to live in a rules-based order, which is grounded in the rules, which we've all accepted by treaty, which is the UN charter, not the rules being something invented by the United States government at its whim by let's say the group of seven countries by the North Atlantic Treaty Organization, by the 14 Eyes Intelligence Network. (23:22) They don't get to make the rules and impose them on us. I mean, what's really, really interesting in this period is that for the first time in my mind, since the 1970s, for the first time, we see heads of governments who are not necessarily leading political forces that are anti, whether it's the president and prime minister of Namibia, their political formation isn't anti systemic. Even in fact, Ali Pando and Il Rama, South Africa, these political forces are effectively telling the United States, now, we don't like your rules. We don't think your rules are good. Why? Because we think they are capricious and we think you don't follow them. What's the point of having rules if you don't follow them? So for instance, when international courts, the International Court of Justice demanded a ceasefire in the conflict between Russia and Ukraine. In fact, just a month into that conflict, they called for a ceasefire. (24:29) A thousand people had died at that point. By the way, now, 25,000 Palestinians and counting dead, the ICJ didn't exactly call for a ceasefire. They said that we see that it's plausible genocides, an enormous admission by the ICJ, and then they said, you must do everything to end the genocide. Well, that means a cease file. They don't use that language. They don't say secession of hostilities. Nonetheless, what's interesting is people around the world, whether it's again in Namibia or it's Indonesia or it's in Bolivia, people, ordinary people not talking about governments, ordinary people are saying to their newspapers and so on. When I meet them, as I travel around the world, people say this to me, what they are saying is, look, when it's an African leader indicted in the international criminal court, the west goes all in. They demonize the person, and in some cases these people deserve to be in front of the ICC. (25:27) They've done bad things, but the level of demonization, the music is cranked up really high. These people are bad. They're committing crimes against humanity and so on here, 17 judges, 15 sitting judges of the international criminal court, the judge from Israel, the judge from South Africa, 17 judges basically to a account of most of the time, 16 to two, in some cases, 17 to one. The Ugandan judge was the outlier, and in fact, even the government of Uganda disassociated itself from her saying she doesn't speak for our government. In fact, very interesting and we can talk about that if you'd like, but most cases 1716 to two was the count, which means that the international criminal court, the court of the United Nations has basically said Israel's actions are plausible genocide. What does the United States, Canada, almost the entirety of the west do within our, they defund the United Nations Agency for the Palestinians Honora, within hours of this coming out, this order that the Algerians wanted carried immediately to the Security Council United States, I mean around the world, people are saying, you people are not credible, Mr. (26:49) Biden, you are not credible, and anyway, you are a one term president because you've lost left liberals in your own country. They're not going to vote for you after this and you've lost the election. I mean, Mr. Trump is going to come back, whatever that means, maybe catastrophic, but he's coming back. That's probably a foregone conclusion without legitimacy, Mr. Biden, Mr. Macrow, Mr. Trudeau, Mr. Soak, Mr. Schultz, I mean, you're so bent out of shape about Ukrainians because as people at the time were saying that these are white babies with blue eyes and blonde hair, but Palestinians, brown skin, black hair and so on, some of them have by the way, blonde hair, but nonetheless, not white, irrelevant. We're not even talking about the war in the Sudan. We're not talking about the war in the Democratic Republic of Congo. We're not even talking about the ceaseless destruction of Yemen. (27:49) The reason the US and Britain are nuts, they think a couple of missiles will scare the Yemenis. Forget it. They've taken much more and more than that from the Saudis for a decade. They're not scared of anything and they've been hardened. What has hardened them? Not Islam, not some inherent accusation that they're terrorists. What has hardened them is your bombing. It's British and US ammunition used by the Saudis bombing them relentlessly for 10 years. People look at all this and say, you never complained about any of that. One Russian tank crosses the border. One Ukrainian is killed and suddenly you are outraged and you say, open the doors, all Ukrainian refugees allowed, but Syrians, you still remain in the camps in Greece or in Turkey, wherever Palestinians, we don't apply. And so on. The stock hypocrisy, racism, a lack of concern for human life, what I consider to be an international division of humanity. (28:57) That's what's really been drawn. There's an international division of humanity and the other side of that division, the prime minister of Namibia, the president of Indonesia, even the Indian foreign minister, right-wing government, they are now speaking from the other side of the international division of Vanity saying no more. I mean, Mia Amor Motley, the prime minister of Barbados last year convened a group for an emancipation conference. A former president of Nigeria was there, the former Prime Minister Addison from Jamaica, and they basically said, we're going to have reparations from the west. This is Barbados tiny country just thrown off the monarchy. And what happened this year recently, the African union's 55 countries, the 20 countries of the Caribbean community gathered together and said, reparations now of putting it on the agenda. This is not a radical demand, by the way. It's a pretty milk to demand, but it's actually showing this new mood. They're saying, we're fed up with your hypocrisy. We're fed up with your intervening, your attempting to foist the international monetary fund on us sending your warships to scare us. It doesn't work anymore. People, you politicians are too mediocre. You don't scare us, and Trump is that dog that western civilization is going to let loose against the world bark all night Wilmer, he'll bark all night, but he won't have the guts to bite anybody or to enter the house. Dr Wilmer Leon (30:34): You mentioned about Ansara la in Yemen and the fact that United States can't scare them, that takes me back to President Putin's statement. When Joe Biden first sent the USS Gerald Ford Aircraft carrier group into the Mediterranean, and Putin said, why are you doing that? Who do you think you're going to scare? These people don't scare. And in fact, Al Hhi in Yemen said, we want to fight you. They are saying, and who would think that this small country called Yemen where most people couldn't find it on a map of Yemen is saying, we want to fight you. Please. That's an amazing, amazing reality, and you also mentioned about not following that we have this rules-based order and we don't even follow the rules. Well, Joe Biden has just signed an executive order where he now says the US may sanction Israeli settlers who attack Palestinians. Now that's an interesting contrast or conflict or just total confusion. When the United States is sending weapons, sending money, logistical support, targeting support to the IDF to attack Gaza, but now seemingly for political reasons, he wants to issue this executive order and oh, by the way, Joe Biden's administration approved the sale of the very weapons that the settlers are using to murder Palestinians, but now he wants to try to sanction them for using the weapons that he sent Vijay. It's insanity. Vijay Prashad (32:45): You put it very, very well. I mean you put the point very plainly, but let's again look at this executive order. I think they named four people in this, and one of them in fact has already made a public statement saying, listen, I don't have any bank accounts in the United States. I'm not affected by this not planning to travel. There don't have any assets there. This is just symbolic. One of the people named has already said that this is bogus, not a critic of this, but what Biden doesn't do here and doesn't have the guts to do is there are thousands of US citizens in these illegal settlements. This executive order doesn't touch a US citizen in an illegal settlement who goes and shoots a Palestinian. It doesn't touch that person. This is just directed at those who are Israeli citizens, but not US citizens. Many of the US citizens are also Israeli citizens. They have joint citizenship, but this is not, he is immunized US citizens in this. That's one point. Secondly, he doesn't really sanction anybody. I mean, you want to give a real sanction, sanction Israeli politicians who are inflaming the settlers. What about putting them on the list? I mean Dr Wilmer Leon (34:08): Smoke trick for example. Vijay Prashad (34:10): Exactly. Why should they not? Why should universal jurisdiction not cover them? You look back at the international criminal court warrant against Mr. Potent and his minister of children, they were accused and maybe there is an accusation to be made there. They were accused of removing children from a war zone in Ukraine. They were accused of removing children from the war zone. Now, fourth Geneva Convention does say that population transfer is illegal, but let's have a discussion about that removing children from a war zone, is this appropriate? Should they have been removed to Russia? Did they go with the consent of their parents? There could have been a range of discussion and debate. I don't remember any debate. I just remember being told that this is a war crime and the ICC indicted him. Now, the Israelis have already killed over 11,000 children. They didn't remove children from a war zone in the way that the Russians did. (35:13) They did remove children from a war zone, but by killing them, 11,000 of them in body bags, 11,000 of them and no ICC warrant and no statement from the United States government instead this ridiculous executive order that's supposed to modify his base. You see what's been happening is I watched these videos, Mr. Biden traveling around the country, the United States trying to drum up support for his failing election campaign and at every single stop, it seems to me, or at least that's what circulates, I know this is not exactly a scientific assessment what you see circulating, but at many campaigns stops. He starts speaking, he's talking about a woman's right to choose whatever he's talking about. People yell, genocide, Joe, they yell, seize fire. Now they yell, stop supporting Israel and he is a dear in headlights as any of us would be a caught between a really bad policy that you can't defend and a base that is angry with you because let's not forget that this is a base that might not be scared into voting. Again for the Democrats, this is a base that might say, really, Trump is so bad and you were so great, you authorized a genocide against the Palestinians. I don't think this base is coming back. Dr Wilmer Leon (36:37): Lemme quickly say to that point. That's a great point and I've been saying for a while that in 2020, Joe Biden was talking about how horrific Donald Trump was and he was making a lot of promises about what he would do. He had no track record as a president. Now in 24 he has a track record as a president and he's now starting to make some of the very same promises in 24 that he made in 20, and folks are comparing his promises and his rhetoric to his record and they're saying You didn't do it then why are you going do it now? Vijay Prashad (37:21): In fact, worse than that, the people who are out there at these rallies saying genocide, Joe sees pie. Now these are people with a modicum of interest in what's happening outside the United States. They're not people who are going to focus on quite correct issues like for instance, a woman's right to choose. There is some difference between the candidates and so on. Not that the Democrats have done much to defend the woman's right to choose or on the question of immigration. I mean the Democrats haven't done much better than the Republicans in some cases, maybe even worse Dr Wilmer Leon (37:54): Because it's more important to them as an issue, as a political wedge issue than it is for them as a solution. Vijay Prashad (38:04): Correct? Exactly. So what you have is you have people genocide, Joe Ana. These are people who are saying, I'm not a single issue voter. I'm not going to be wedged by you back into the fold. You can't wedge me and you can't wedge me because I'm looking at these other things. And there are lots of young people in that cohort and one of the areas where they're looking at is Cuba. This July norm Chansky and I are going to release a book called On Cuba, which is where the reason I know all this stuff about the MRO doctorate, and I mean I'm not a scholar of all this, but we had to study this to understand US foreign policy against Cuba. We did a deep study. It was a pleasure to work with. No on this book, it's not an interview book. We wrote this together. (38:51) We discussed and talked and went through it and so on Cuba, there's a section in the book toward the end where Mr. Biden says, during the campaign says that I am going to reverse Trump's unfortunate strangulation of the people of Cuba. We are going to remove Cuba from the state sponsored on terrorism list. We are going to roll back the 243 extra sanctions, no more talk as John Bolton did of axis of whatever it is of tyranny and so on. Bolton speech, none of that. Biden said all that there, this video of him saying all that. It's not like some private interview, which he then denied. He said this in front of the cameras. Well, then he came into office, he won the election, came into office. Jen Psaki at the time, spokesperson was asked, what about the reversal? He can by executive water get rid of some of these sanctions. (39:52) You can start the process to remove Cuba from the state sponsor of terrorism list and so on. Because Cuba, after all is a state sponsor of healthcare for the world, not terrorism, a bad idea Trump, and now Biden Biden didn't do anything and Jen Psaki said, it's not on our agenda. Now what you just said ferociously, I'm going to reverse Trump's. It's not on our agenda now. Then there was some small protests in a small town, a few hours outside Havana, which the anti Cuban people in Miami blew up and said, it's a big protest in July and so on, he is going to overthrow the government. Then Biden entered and said, we are going to tighten our grip on the island because we have to support the people fighting. So not only did he not do what he said because it was not on the agenda when he started to do something about Cuba, it was in fact Trump plus. (40:52) So in that case, what the heck, man? I mean, where are you genocide, Joe? That's what people are calling him more and more. That is not a good look for a president or for a person running for president of the United States on the Democratic ticket because I admit to you, I know a lot of the people on the left and so on, but don't underestimate the power of that small section of left liberals because they are the activists. They are the ones that go door to door In South Carolina for instance. There is no such thing as a democratic party. There are only motivated activists who are the people. It's mostly middle-aged women and young college students who go door to door distributing things, talking up candidates, going into churches, talking to their friends and so on. If that crucial section is started to call him genocide Joe and say, ceases fire now, and to ask questions like, why are you trying to suffocate the people of Cuba? (41:58) Why can't you pass a proper infrastructure bill? Why are you arresting and deporting people at the border? Activists say that you lost the election because there's no body else to substitute for them. You can have as much astroturfing as you want. You can get all the high rollers around the United States to give your campaign money. You can hire people to go with clipboards, but they don't have the passion to stand on the door, stop to stand at the front door, knock on the door, say, listen, you got to vote for Joe Biden and Kamala Harris. They're just going to stand there with a clipboard. Say, I have been told to say, please vote for Mr. Biden, it's chat GPT, man, you don't win elections with chat GPT, you win elections with passion. It's not going to be there for them, and I think they have made a huge, huge error trying to believe that these little executive orders will claw back that section. (42:56) The only thing that's going to claw back that section is something that neither of the political parties can do. Mr. Trump can't do it either. None of them can break with the Israeli ruling elite, none of them. None of them will offer a robust criticism of Israel. That's a serious problem for the American elite. The American public on the other hand, has already broken that consensus. You've already seen the polls, Wilma, a majority maybe up to something like two thirds of the United States. Public no longer wants the US to support Ukraine with money. Correct? Two thirds of the US public, correct. A majority of Republicans don't want the United States to support Israel in this war. A majority of Republicans, that's interesting. 40 some percent of Democrats have turned against this war. That's compelling evidence to my mind once more of the great disjuncture in US politics between the people's mood and their opinions and what the governments want to do. (43:56) Nancy Pelosi was confronted by some protestors from Port and what did she say? She said, oh, you are all doing the work of Russia. Russia. I mean for God's sake to use this kind of language against US citizens who have a First Amendment right to protest the FBI, my God, I can't believe I'm going to say this. I just got word this evening before we spoke. The FBI has made a public statement Wilmer saying that we will not investigate people who are conducting nonviolent protests on behalf of the Palestinians because those people doing the protests have a First Amendment right. The FBI has said that Dr Wilmer Leon (44:38): Mean because Nancy Pelosi called upon the FBI to investigate those protestors saying that they were operatives of Russia and here was her rationale. Putin has a message saying that there's genocide in Gaza and these protestors are saying that there's genocide in Gaza. So because the protestors have the same message as Putin, ergo or Ipso facto, they must now be operatives of Russia when everybody on the planet should be opposed to genocide. Even Nancy Pelosi should be opposed to anybody in their right mind should be so even if Putin is the autocrat, is the dictator, is the madman, is whatever is the evil villain is a swamp monster and an evil villain. A broken clock is right twice a day. So the issue on Gaza, he's right on that issue. Vijay Prashad (45:59): Well, I'm actually personally invested in this particular part of the conversation because some months ago, the New York Times basically accused me of being an agent of the Chinese government. It was a ridiculous article. I mean, I was embarrassed to read it, not embarrassed for myself, embarrassed for the New York Times. I was like, man, you guys wrote some pretty shoddy articles with the name Judith Miller attached to them that basically made the case for the United States to go to war illegally against the Iraqi people. You got some pretty bad journalism under your hat, the gray lady all these years, but this particular article was really bad because it essentially took certain quite trivial facts like I run a research institute, I also work for a media house. I have people who donate to these things. I can't travel to the SA region on money. I borrow from my friends. I need donors for this because when I publish things, I can't get enough newspapers to pay me enough to actually travel to places. You got to forward fund a lot of these projects. I'm not embarrassed to say that I don't come from money. I'm not independently wealthy. I don't have that kind of trust fund that would enable me to live the kind of Dr Wilmer Leon (47:26): George Soros won't back you, so Vijay Prashad (47:28): Yeah, he's not going to back me. I've got to find people, and by the way, the Chinese government gives me zero money. In fact, my post at the Chang Yang Institute of Financial Studies is non remu. I don't make any money at all. They don't pay me for anything. The reason I took that position is I was keen to interact with Chinese scholars. I wanted to have a place where I could sit down and listen to what Chinese scholars are thinking and saying, almost no place in the world that allows that unless you get involved somehow with a Chinese institution because they don't trust. You can't just show up in Beijing and say, Hey guys, I want to talk to you so I don't have any Chinese. They know that. By the way, the New York Times know that they knew the provenance of the funds. (48:09) They knew everything they had all the material, the questions that the journalists asked me. I'm going to give this to you just because it's so funny. David, far andhold the journalist, senior journalist New York Times wrote big questions like, for instance, are you paid by the Chinese government? Do you take orders from the Chinese government? I mean, I felt that this is not journalism's McCarthyite hearing. It's the kind of question you'd expect some off the wall, right-Wing congressman to ask you, Lindsey Graham, that kind of thing, going from McCarthy to Lindsey Graham and to somebody as mediocre as Marco Rubio who read that article and the next day asked the Department of Justice to investigate all the projects named in it. Fortunately, either the Department of Justice is doing an ongoing investigation that I don't know about or they decided not to take Mr. Rubio seriously, which I think is probably what happened. (49:10) But the point reason I'm raising this is that it's really interesting in the United States unable to have the argument. Why can't Nancy Pelosi have the argument about Gaza unable to have the argument about Russia, let's say, or unable or unwilling to have the argument about China? They simply want to repress you. They want to say anybody who doesn't follow the line saying China is evil, Russia is evil. The Palestinians are terrorists. Anybody who moves even one millimeter from that general line, they just want to repress you. They want to delegitimize you. They want to basically put you in jail. They don't want to have the argument with you, and that I think is depressing for the whole situation of the culture in the United States, the political culture, the conversations, I mean for God's sake. I watched a couple of the Republican primary debates before the Iowa caucuses. (50:14) I watched a few of them. The level of conversation was abysmal. It was juvenile. Juvenile. There are real problems in the world. I mean real problems that guy Ram, he actually did a favor for us culture because we Ramas proved once and for all that all South Asians aren't at the caliber of doctors and whatever. There's no model minority. I mean there's mediocrity even amongst South Asian Americans, mediocre. He's out there as an attack dog of somebody just sort yelling at people. I felt bad at moments even for DeSantis, for God's sake, let the man try his best to put an argument on the table. Don't keep interrupting him and saying, Ron, you is Ron, you're that. And then DeSantis piling on Nikki Haley, I thought, God, you are just a bunch of people that if I saw you in the bar, I would get out of there, get into my car, drive across town. (51:16) I would prefer to buy a bottle at a liquor store and sit in my car, not car. I would prefer to sit in the anti room of my house and drink it by myself. I don't even want to be within sight of you when I'm having a drink, let alone let's say in front of a congressional committee. Really mediocre level of discussion if that's the standard of discussion, no wonder that if they are challenged, let's talk about Gaza. They'll just say, you are a Russian agent. Get out of the room. I don't want to talk about, I just heard Megan Kelly who had Trump on her show for an hour. She has a YouTube type show. Anyway, Megan Kelly was on a podcast I was listening to a very, very interesting, she was talking a little bit about this, about the fact that the deterioration of the ability to actually have a discussion about ideas, the big ideas, you want to have a discussion about immigration, let's have a discussion about immigration. Let's not demonize all sides and not talk to each other about how to understand these issues. (52:29) There is no space for that and therefore Nancy Pelosi turns around and says, FBI investigate them. They're criminals. And fortunately somebody at the FBI had managed to read the Constitution, the Bill of Rights and decided, Hey, listen, they have a constitutionally protected right to speech as long as they are nonviolent. Now, I found that an interesting part of their statement because in fact, I'm not even sure that's necessarily true because for instance, this goes back to Dr. Martin Luther King's letter from Birmingham jail. Does nonviolence include, for instance, resisting chaining yourself to a wall, blocking a street and so on there? I think we could have an interesting discussion with the lawyers at the FBI that What do you mean by nonviolent? I mean, if I go and lock myself into the office of a congressman, are you still going to say I a right to that speech? Because after all, you can't lionize the civil rights movement and then criminalize its tactics today, which is exactly what they seem to be doing. Nancy Pelosi will stand up there and say, the great Dr. Martin Luther King, when I marched with him across Selma, as you know, every living American politician marched across Selma with Dr. Martin Luther King. I marched across, but then if you try to march across the Brooklyn Bridge, you are an agent of Russia. Dr Wilmer Leon (54:00): You were mentioning the United States is better at blowing up bridges than building bridges, and the Washington Post has a very interesting article. China sets sites on Taiwan's three remaining tiny Pacific Islands, and here's an interesting element of this as China. This is from the Washington Post as China Vs. With the US for power and influence in the Pacific. It has tirelessly tried to pry allies away from Taiwan. By many means, chief among them money, it has offered much needed funds to struggling island nations like Nru and allegedly doled out envelopes of cash to officials and accusation. Beijing denies China has approached Pacific politicians as they travel overseas, inviting some to lunch and surveilling others what they're slaying out. I mean, that sounds like lobbying to me. And what they don't say in the peace is, well, China's not assassinating rulers in these islands. China isn't involved in their elections. China isn't overthrowing their governments. China isn't involved in China, is engaged in building relationships with countries, and they're doing it by determining what the country needs, seeing what China can provide and how there can be a win-win. And that's not rhetoric. That's, as you know, that's an actual policy strategy of the Chinese government win-win, and somehow the Washington Post makes it out to be nefarious, and there's something spooky going on here because China's actually building relationships with these people not coming in, building air bases, army barracks and shooting people. Vijay Prashad (56:12): Well, there's something in this Taiwan China story that the Washington Post also won't cover. There's something really interesting. Well, firstly, it is settled treaty position of the United States that Taiwan is basically a part of China that was established when the United States agreed to remove the Republic of China from its permanent seat at the UN Security Council and replace it with the People's Republic of China. This was right there in the 1970s, part of the Nixon Mao negotiations and so on. Okay, so why is the United States so desperate to hold on to Taiwan? Lemme give people a little glimpse into things that don't get talked about. Taiwan is the home to a company called TSMC. TSMC is one of the world's largest chip manufacturers. In fact, 90% of the advanced chips used in cell phones and other electronic gadgets made by TSMC. The United States worried about eight, nine years ago that if China was able to incorporate Taiwan, not necessarily by political incorporation, but even just economically, what was John Adam's statement? (57:29) That by the natural force of gravity, Cuba will fall into the US lap. They were salivating about that, by the way, because it was about the Mississippi River and the slavery complex. They wanted Cuba part of that big slavery kind of economy down the Mississippi River all the way to Cuba, like the force of gravity. Cuba will fall in. Well, United States worried by the force of gravity. Taiwan is going to fall into the lap of China, economic links, everything that post. So United States government then started talking to TSMC saying, look, you have to set up a factory in the us and indeed United States opened the door in Arizona. They built a big factory. Washington Post ran a story about it. It was a huge thing. Lots of engineers came from Taiwan. The factory went nowhere. Why the Taiwanese engineers said, we can't work in these conditions. People just don't. They don't work. I mean, whatever they said, I'm not even judging anybody, but they turned home. That's what they said. That's what they said. I mean, I don't know. I wasn't there. Dr Wilmer Leon (58:33): They couldn't find the workforce that they needed to perform the tasks that needed to be performed. That's what they said. Vijay Prashad (58:41): That's what they said. And then they went back home. So TSMC still in Taiwan and actually also on the Chinese mainland produces a lot of these advanced chips. Now, United States tried to squeeze China's ability to buy these chips, but what they're really worried about is that TSMC will come to the realization that they cannot, absolutely cannot accept the US sanctions on China that prevent TSMC from selling chips to China, because China is one of the biggest markets for those advanced chips. There's also a Dutch company that produces very advanced electronic equipment for Chinese. They cannot afford to stop selling to China, and because of that, the United States will buy to anything to maintain Taiwan. But there's a real worry that they can't control it because in Taiwan, people are saying, sanctioning China is bad for us, bad for our economy. That's the natural cause of gravity. John Adam's statement didn't work for Cuba. It might work for Taiwan. Dr Wilmer Leon (59:51): And as we get out, what did Joe Biden, or what did members of the administration say when Nancy Pelosi was getting ready to go over there and there was all this concern that China might shoot her plane out the sky and all this other kind of stuff. The Biden administration said, if conflict breaks out between China and Taiwan, the United States will blow up TSMC. The United Vijay Prashad (01:00:21): Imagine that Dr Wilmer Leon (01:00:22): Threatened to blow up the TSMC factory on the mainland of Taiwan on the island of Taiwan. If conflict broke out, that to add additional validity to your statement, that's how and what that also did, as they say, necessity is the mother of invention that forced Huawei to develop. Just speaking on the cell phone side of things that motivated Huawei to expedite their chip development, their phone development, and they now have developed this, I can't remember the name of the phone, but their latest cell phone also now has satellite capability. Vijay Prashad (01:01:14): Imagine that. (01:01:16) Look at what I would be able to do with a phone like that, Wilma. I mean, the fact of the matter is just to underline all these points and give you the bottom line. The fact of the matter is it's very clear that we are at a fork in the road. The legitimacy of the old colonial countries of the global North has declined precipitously ever since the war in Ukraine and this war in Gaza. And at the same time, the kind of confidence in the global south, the new mood in the global south has really altered the confidence levels has risen. That's where we are. You asked at the beginning of the show, can this be turned around? I don't think so. I think what people in the United States must try to do is to recognize that everybody who lives on this planet earth is equal, and the people in the United States are not more gifted or more entitled or anything very good people in the United States, but nothing special compared to other people in the world. We got to live as a planet. We have to collaborate. We can't talk about finished lines and races. That's not where we're going. This is a human family and we have to treat each other in a better way than we do our own families Dr Wilmer Leon (01:02:40): And the solution to the conflicts are not military. One of the things that I have been saying about the conflict in Gaza is that Israel has bombed the world into reality, and people now see the horrors that have been ongoing for the last 75 years. It's playing itself out on their cell phones. It's playing itself out all through social media, and people are now finally looking at this, and they are, it's similar to, I believe it's similar to what Dr. King's strategy was with the children in the protests and the nonviolent protests. Do not respond to the brutality. Let the world see the brutality for what it really is and people will be aghast. And now the response in Gaza has bombed the world into reality and people all over the world, with the exception of Joe Biden and Tony Blinken and Samantha Power, who by the way wrote a book about genocide and now people on her staff are resigning their positions, asking her, well, wait a minute. I thought you wrote a book about your side. How can you back this play? The responses to the solutions to these problems are not through sanctions, and they're not through militarism and violence. They are through negotiation and accommodation, and the sooner the United States understands what Brix understands and what the Chinese cooperative and so what all of them understand, the better off we're going to be. Vijay Prashad (01:04:32): I mean, I agree with you fundamentally got to hope and believe that these changes, this new confidence arising in the world is going to provide a path out of the madness. We are at a fork in the road. Let's not choose madness. Dr Wilmer Leon (01:04:49): Let's not choose madness for no one wins in that debate. Vijay Prade, thank you so much for joining me today. Folks, I want to thank you all for listening to the Connecting the Dots podcast with me, Dr. Wimer Leon. Stay tuned for new episodes every week. Also, please follow, leave a review, share my show with those and love, follow us on social media. You can find all the links below in the show description. I'm Dr. Wilmer Leon. Remember, this is where the analysis of politics, culture, and history converge talk without analysis is just chatter, and we don't chatter on connecting the dots. Peace. I'm out

China has attained a year-on-year real GDP growth rate of 5.2% in the first three quarters. Meanwhile, the annual Central Economic Work Conference has characterized the Chinese economy in 2023 as having achieved recovery and solid progress in high-quality development. Despite these positive indicators, some of the Western media persist in perpetuating the cliché of the "collapse of the Chinese economy." What truly reflects the outlook of the Chinese economy? Host Ge Anna is joined by Prof. Qu Qiang, Research Fellow from Beijing Foreign Studies University; Prof. Liu Baocheng, Director of the Center for International Business Ethics at the University of International Business and Economics; John Ross, Senior Fellow with the Chongyang Institute of Financial Studies, Renmin University; and Andy Mok, Senior Research Fellow at the Center for China and Globalization.

China's Xizang region has seen its economy grow fast over the past decade. Official data shows its GDP exceeded about 29 billion US dollars last year, more than doubling the figures in 2012. What insights can we glean about the tangible transformation of the region from this economic progress? Host Ge Anna is joined by Dr. Yao Shujie, Chueng Kong Professor of Economics, Chongqing University; Dr. Liu Zhiqin, Senior Fellow of Chongyang Institute for Financial Studies, Renmin University of China; and Mario Cavolo, Founder and CEO of M Communications Group and Senior Fellow, Center for China and Globalization.

Die Themen in den Wissensnachrichten: +++ Streicheln verboten: Riesenschnecken übertragen Krankheiten +++ Millionenstreit um das Zusammenpuzzlen von geschredderten Stasi-Akten +++ Eine App um Schlaganfälle zu erkennen +++**********Weiterführende Quellen zu dieser Folge:Update ErdeThe global risk of infectious disease emergence from giant land snail invasion and pet trade, Parasites & Vectors, 17.10.2023Erich Mielke und die Stasi - die Podiumsdiskussion, Deutschlandfunk nova, 28.10.2022Stellungnahme des Fraunhofer IPK zum Projekt zur Rekonstruktion der Stasi-Akten, Fraunhofer IPK, 28.04.2023FAST-Test als App, Stiftung Deutsche Schlaganfall HilfeFlight to Safety: How Economic Downturns Affect Talent Flows to Startups, The Review of Financial Studies, September 23Observed increases in North Atlantic tropical cyclone peak intensification rates, Scientific Reports, 19.10.23**********Ihr könnt uns auch auf diesen Kanälen folgen: Tiktok und Instagram.

The IMF has lowered its forecasts for China's economic growth this year and next. It comes amid Western media reports that the country's Golden Week consumption disappointed Beijing. Has China's economy lost its growth momentum? What can the Chinese government do in the remaining months to keep its growth target within reach and lay the groundwork for the coming year? Host Tu Yun joins John Ross, Senior Fellow at the Chongyang Institute for Financial Studies, Renmin University of China, Dr. Sam Tang, Senior Lecturer at the Business School at the University of Western Australia, and Dr. Qu Qiang, Assistant Director of the International Monetary Institute, Renmin University of China on this episode of Chat Lounge to find out the answer and more.

Evaluating opportunities for crowdfunding in Oman, with nine current providers and potential amendments to crowdfunding legislation.Unique to Oman: new opportunities for private equity and venture capital players in the crowdfunding ecosystem.Implications and reach of the proposed new digital and virtual assets regulatory framework.Building a digital marketplace and ecosystem: tokenization, ICOs, regulation and Shariah principles.Potential developments for standalone Islamic digital banks in Oman.Moderator:Dr Muhammad Suhail Rizwan, Assistant Professor and Team Head: FinTech Professional Certificate, College of Banking and Financial Studies, OmanPanelists:Kemal Rizadi Arbi, Expert/Advisor, Capital Market Authority, Sultanate of OmanKhalid Howladar, Chairman, MRHB DeFiDr Khalid Tahhan, Co-founder, Easy CoinsMayan Al Asfoor, Country Manager, Beehive OmanSaleh Al-Tamami, Co-Founder and CEO, Mamun

There is no doubt about it: China is rising. Whether it sparks hope and interest or fear and worry, it is impossible to ignore the country's rapid economic and social transformation. Just a few decades ago, the words “made in China” were a synonym for bad quality junk. But today, China leads the world in all manner of high-tech industries, including photovoltaic cells, semiconductors, 5G communications technologies, and electric vehicles.Joining “MintCast” host today is someone who knows China extremely well. John Ross is an economist and a senior fellow at the Chongyang Institute for Financial Studies of the Renmin University of China. As far back as 1992, he accurately predicted the failure of economic reform in Russia and Eastern Europe and its success in China. He is the author of the book, “China's Great Road: Lessons for Marxist Theory and Socialist Practices.” He writes on Chinese politics and economics on his website, “Learning From China.”While many in the West take a very dim view of China, Ross is far more positive, telling MacLeod that China has seen the highest sustained economic growth of any country in world history. “People don't understand the scale of China's success, and they still don't understand what it means, therefore, in the transformation of the lives of ordinary Chinese people,” he said.Few in the Western media landscape would agree with Ross' position. Some might acknowledge China's rapid and remarkable transformation, but many are predicting that it is now entering a permanent slump or even an economic meltdown due to a property crash.Ross brushed off these concerns. “These articles are a farce,” he said, suggesting that a good course of action for understanding the truth about China is to “Read ‘The Economist' and assume that the opposite is going to take place.” He also noted that the current trade war with China has nothing to do with human rights, the rules-based international order, or any other buzzword the United States wishes to use. In fact, he argued, the United States is attempting to throttle China's economy because it cannot effectively boost or speed up its economy.From there, MacLeod and Ross also talked about Chinese rivalry with the United States, the high-tech trade war going on, the situation in Taiwan and the threat of a potential nuclear conflict between the superpowers.Support the showMintPress News is a fiercely independent. You can support us by becoming a member on Patreon, bookmarking and whitelisting us, and by subscribing to our social media channels, including Twitch, YouTube, Twitter and Instagram. Subscribe to MintCast on Spotify, Apple Podcasts, and SoundCloud. Also, be sure to check out the new Behind the Headlines channel on YouTube and subscribe to rapper Lowkey's new video interview/podcast series, The Watchdog.

China's economic landscape has become a focal point of extensive debate. Amidst a flurry of Western media predictions ranging from "stagnation" to "collapse" for the world second-largest economy, concerns about its future have taken center stage. While some argue that China is at crossroads, others believe that existing and forthcoming policies will pave the way for sustained economic growth. What lies ahead for China's economic future? Is it poised to ascend into the ranks of high-income nations, or could it be stuck in the so-called "middle-income" trap? In this episode, we cut through the noise and explore the real picture of China's economy. Host Zhao Ying is joined by Chen Jiahe, chief investment officer at Novem Arcae Technologies; John Ross, Senior fellow with Chongyang Institute of Financial Studies, Renmin University; and Einar Tangen, Senior Fellow at Taihe Institute.

Washington is attempting to intensify its sphere of influence within the United Nations. It intends to increase the number of Security Council permanent members to dilute the influence of China and Russia. How realistic is it? Germany, Japan, and India have been wanting a permanent membership of the Council for decades. Why haven't they succeeded? Host Tu Yun joins John Ross, Senior Fellow at the Chongyang Institute for Financial Studies, Renmin University of China, Victor Gao, Chair Professor at Soochow University, and Mario Cavolo, CEO of M Communications Group and Non-Resident Senior Fellow at the Center for China & Globalization on this episode of Chat Lounge to find out the answers.

Wall Street's analytics and technology are evolving at a record pace.  What are the roles of quantitative models, and AI in the financial services industry today?  What does it mean to be a "quant", what is a "quant fund", and what quantitative skills are required for someone starting their career on Wall Street today?  Will AI and algorithms help us become smarter, or send the best and brightest to the sidelines?  We explore these questions and more with Professor Harry Mamaysky of Columbia University who is the co-founder of Quant Street.Dr. Harry Mamaysky is a partner at QuantStreet Capital, which offers investing and portfolio management services to individuals, family offices, and businesses. Harry is also a Professor at Columbia Business School, where he is the Director of the Program for Financial Studies. Harry's research focuses on the application of natural language processing and machine learning techniques to investing. Harry is a frequent industry and academic speaker. Prior to his time at Columbia, Harry spent many years in finance practice, rising to the position of senior portfolio manager at Citigroup, where he also served on the firm's Risk Executive Committee. Harry was a professor at the Yale School of Management, which he joined after earning his PhD in Finance from the Massachusetts Institute of Technology. He holds BS and MS degrees in computer science and a BA in economics from Brown University.If you have been inspired by this episode and want to follow Harry or learn more, you can find him at the links below. https://www.linkedin.com/in/harry-mamaysky/ (LinkedIn)www.quantstreetcapital.com (the firm website)https://quantstreet.substack.com/ (Substack finance blog)business.columbia.edu/faculty/people/harry-mamaysky ( Columbia page)https://twitter.com/HMamaysky (Twitter or X)Follow us on Instagram and Tik Tok at @thewallstreetskinnyhttps://www.instagram.com/thewallstreetskinny/

The Chinese economy has encountered some setbacks, with the recovery of some key sectors falling short of market expectations. And as the property market is experiencing a prolonged depression, some people are looking to a swan song for the world's second largest economy. Is the Chinese economy really crashing? And what needs to be done to solidify the country's growth? Host Tu Yun joins John Ross, Senior Fellow at Chongyang Institute for Financial Studies, Renmin University of China, Harvey Dzodin, Senior Fellow at the Center for China and Globalization, and Chen Jiahe, Chief Investment Officer of Beijing-based Novem Arcae Technologies on this episode of Chat Lounge to find out the answer and more.

Senior officials and observers from around the world have been impressed by China's enterprising diplomatic efforts in recent months in engaging wealthy nations as well as the most vulnerable countries in tackling the increasingly challenging global problem of climate change.The climate-themed diplomacy, led by President Xi Jinping, illustrates the evolving Chinese solution and the fair, responsible approach sought by Beijing for dealing with the growing deficit of global governance, they said.With July having been the hottest month ever recorded, United Nations Secretary-General Antonio Guterres said on July 27 that "the level of fossil fuel profits and climate inaction is unacceptable", and "leaders must lead" with dramatic, immediate climate action to limit the global temperature increase to 1.5 C above preindustrial levels.At bilateral meetings with visiting foreign leaders and at some major international events last month, Xi said that China understands the severe challenges facing vulnerable nations such as Pacific Island countries, and he vowed further action to ensure that global unity and efforts focusing on climate change do not lose steam.Speaking with Solomon Islands Prime Minister Manasseh Sogavare on July 10, Xi said that China "stands ready to strengthen exchanges and cooperation with island countries in meteorological services, disaster prevention and reduction, clean energy and other fields".In a meeting on July 28 with Mohamed Irfaan Ali, president of the Caribbean country of Guyana, Xi also touched on dealing with climate change.Xi called on countries to "join hands to tackle global challenges such as climate change", when delivering a toast at the welcoming banquet of the opening ceremony of the ongoing Chengdu FISU World University Games.In addition, the past month witnessed senior Chinese officials' dialogues with dignitaries of leading economies and major sources of carbon emissions in the world — such as the United States and the European Union, observers noted.In July, US Special Presidential Envoy for Climate John Kerry visited China.Premier Li Qiang told Kerry that all parties should "abide by the principle of common but differentiated responsibilities in addressing climate change", developed countries should take the lead in reducing emissions and fulfill their financial commitments, and developing countries should make contributions within their capacity.Also in Beijing, Vice-Premier Ding Xuexiang and European Commission Executive Vice-President Frans Timmermans co-chaired the fourth EU-China High-Level Dialogue on Environment and Climate on July 4 and reached extensive common understandings.The dialogue with the EU "sent a positive signal of China and the EU working together on climate change, biodiversity loss and other global challenges", said Foreign Ministry spokeswoman Mao Ning.Leila Benali, Morocco's minister of energy transition and sustainable development, said China has rich experience and achievements in energy transformation and sustainable development.Morocco looks forward to deepening exchanges and cooperation with China in relevant fields and jointly taking the road of green, low-carbon and sustainable development, she told Chinese Ambassador to Morocco Li Changlin last month.Wang Wen, executive dean of Renmin University of China's Chongyang Institute for Financial Studies, said China's climate change-oriented green economy is developing at a rapid speed and "China is one of the few major countries that are faithfully committed to realizing the Paris Agreement on climate change"."For example, China's total output of hydropower accounts for 29 percent of the global total output. And over the past few years, there has been growing awareness among the Chinese public about the great significance and implication of tackling climate change and seeking green development," he said.Chinese diplomats have continued reaching out to foreign parties to advance the bilateral and multilateral agenda on tackling climate change.On Friday, Foreign Minister Wang Yi told United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan by phone that Beijing supports Dubai in hosting the 28th meeting of the Conference of the Parties to the UN Framework Convention on Climate Change, or COP 28, and is willing to strengthen strategic cooperation with the UAE in the international arena.Projects and cooperative programs for energy saving and improving the climate have played a key part in major visions proposed by Beijing, including the Belt and Road Initiative and the Global Development Initiative, and have drawn widespread acclaim from countries around the globe, observers noted.Wang Yiwei, a professor at Renmin University of China's School of International Studies and director of the university's Institute of International Affairs, said the China-proposed programs "possess both high standards and great feasibility", helping introduce environmentally friendly projects to developing countries such as Kenya.Furthermore, "by technological upgrade and renovation, Chinese investors transformed some steel factories in Europe to make sure they meet standards of both the EU and China, while securing jobs for local workers and furthering tax contribution to local authorities", he said.It is no wonder that over 150 countries have actively subscribed to the BRI, including the projects seeking green transformation, he added.Reporter: Zhang YunbiDiplomacy英 /dɪ'pləʊməsɪ/美 /dɪ'ploməsi/n. 外交Climate英 /ˈklaɪmət/美 /ˈklaɪmət/n. 气候

Officials and policy observers have welcomed the meetings that President Xi Jinping and senior Chinese diplomats had in Beijing with United States Secretary of State Antony Blinken, saying that the talks offered hope on reining in the two-way tension and introducing more certainty to future prospects(00:24, misread ‘prospects' as projects).Now it's time for Washington to continue trading goodwill with Beijing, faithfully implement the consensus made between the two sides and minimize the chance of dragging the ties to another low, they said.During President Xi's meeting with Blinken on Monday afternoon, Xi "spoke with an overarching perspective and elaborated on the principled position on stabilizing and developing China-US ties", said Yang Tao, director-general of the Foreign Ministry's Department of North American and Oceanian Affairs.The series of meetings with Blinken were "candid, in-depth and constructive", he said, adding that the top priority now — and the most important outcome of the China trip — is for both sides to faithfully implement the consensus reached by the two heads of state at their meeting last year in Bali, Indonesia, and return to the agenda set by that meeting."We're on the right trail here," US President Joe Biden said on Monday regarding Blinken's visit.The latest meetings have attracted great attention from the public in both countries, analysts said.Cai Tongjuan, a researcher at Renmin University of China's Chongyang Institute for Financial Studies, said, "There are many individuals and organizations from both nations calling for securing the bilateral friendship."Tom Watkins, president and CEO of TDW and Associates, a US-based business and education consulting company, said Xi's meeting with Blinken "sent a clear message to the world that both sides value dialogue and cooperation over conflict".Rong Ying, vice-president of the China Institute of International Studies, said it is a point made consistently by Beijing that the relations matter not only to both nations, but also to the peace, development and stability of the whole of humanity."We expect the Biden administration could tackle China-US ties from this perspective and work together in exploring the way for the two major countries to get along well in the new era," he said.Wichai Kinchong Choi, senior vice-president of Thai bank Kasikornbank, said it is "good to have the two countries get back to the negotiating table", as "Thailand and other ASEAN countries want to see the region have peaceful and stable development, which is largely affected by the world's two largest economies".Lawrence Loh, a professor of strategy and policy and director of National University of Singapore's Centre for Governance and Sustainability, said the visit was "a significant development amidst the escalating geopolitical tensions between the two countries", adding that "a stable bilateral relationship must be based on firm actions rooted in the fundamental principle of mutual respect".Khalid Taimur Akram, executive director of the Islamabad-based Pakistan Research Center for a Community with Shared Future, said, "China always wishes for a strong and stable China-US relationship."The US must engage in dialogue and cooperation based on equality and mutual respect, and maintain a commitment to inclusivity and openness rather than exclusivity and confrontation," he said.Su Xiaohui, deputy director of the Department of American Studies at the China Institute of International Studies, said, "It is time for translating into reality the latest consensus made between Beijing and Washington, and the US should break away from its two-faced approach in dealing with China — saying one thing and doing another."Washington should focus on perceiving China in an objective, rational way and adjust its China policy to avert the further decline of the relations," she added.During State Councilor and Foreign Minister Qin Gang's meeting with Blinken, the two sides agreed to encourage people-to-people exchanges and actively discuss an increase in passenger flights between the two countries.The departments of both countries in charge of this matter "have maintained communication" on increasing the number of passenger flights, Foreign Ministry spokeswoman Mao Ning said on Tuesday."We are willing to work with the US side to promote the increase of passenger flights in a flexible and pragmatic manner," she said.Diplomat英/ˈdɪpləmæt/ 美/ˈdɪpləmæt/n.外交官，外交家Bilateral英/ˌbaɪˈlætərəl/ 美/ˌbaɪˈlætərəl/adj.双方的，双边的

State leaders of Brazil, the biggest developing country in the Western Hemisphere, and France, the locomotive of European growth, are looking to the East to explore economic opportunities. Of the deals Brazil and France recently clinched with China, which one may have the biggest long-term impact? Can the two presidents achieve their respective goals of relaunching relations with China and ensuring more strategic autonomy for Europe? Host Tu Yun is joined by John Ross, Senior Fellow at Chongyang Institute for Financial Studies, Renmin University of China, Josef Mahoney, Professor of Politics and International Relations, East China Normal University and Jiang Shixue, Professor and Director of the Center for Latin American Studies, Shanghai University on this episode of Chat Lounge to find out the answers.

Asia's economy is expected to outperform the global growth by increasing 4.5 percent this year. What risks could stand in the way of the region attaining such a target? Would the U.S. attempt to reshore the global supply chain sew any discord in the region? And how could Asia play a better role in promoting economic certainty amid global volatility instead of becoming a source of uncertainty? Host Tu Yun is joined by Hilton Root, Professor of Public Policy at George Mason University, John Ross, Senior Fellow at Chongyang Institute for Financial Studies, Renmin University of China, Josef Mahoney, Professor of Politics and International Relations, East China Normal University, and Dr. Liu Baocheng, Director of the Center for International Business Ethics at University of International Business and Economics on this episode of Chat Lounge.

As investors are still trying to digest the immediate consequences of the bank failures in the United States, there are growing concerns that a financial crisis is around the corner. Are we really going to see a 2008 déjà vu all over again? How far are we from a U.S. Treasury bond market debacle or the end of the US dollar's global hegemony? To find out, host Tu Yun is joined by John Ross, Senior Fellow at Chongyang Institute for Financial Studies, Renmin University of China, Professor David Feldman, School of Banking and Finance, University of New South Wales, Sydney, Australia, and Dr. Liu Baocheng, Director of the Center for International Business Ethics, University of International Business and Economics in Beijing on this episode of Chat Lounge.

As 2022 draws to an end, how will this year go down in history? What can we expect to see in the new year? And should we be pessimistic or optimistic about 2023? Host Tu Yun is joined by Josef Mahoney, Professor of Politics and International Relations, East China Normal University, John Ross, Senior Fellow at Chongyang Institute for Financial Studies, Renmin University of China, and Victor Gao, Chair Professor at Soochow University on this episode of Chat Lounge.

Vijay Prashad talks about what just happened in Peru to Pedro Castillo as well as the state of the war in Ukraine and the New Cold War. Also, can the Left disagree without being disagreeable? Then we're joined by Camila Escalante to give us for her latest roundup of events in Latin America. Vijay Prashad (https://twitter.com/vijayprashad) is an Indian historian, editor and journalist. He is a writing fellow and chief correspondent at Globetrotter (https://independentmediainstitute.org...). He is the chief editor of LeftWord Books (https://mayday.leftword.com/) and the director of Tricontinental: Institute for Social Research (https://t.co/evQYuwZXRJ). He is a senior non-resident fellow at Chongyang Institute for Financial Studies, Renmin University of China (http://en.rdcy.org/). He has written more than 20 books, including The Darker Nations and The Poorer Nations. His latest book is Washington Bullets, with an introduction by Evo Morales Ayma. Camila Escalante is the co-founder and editor of Kawsachun News. She co-hosts the English-language weekly podcast on Kawsachun News entitled ‘Latin America Review' and is the Latin America correspondent for PressTV. ***Please support The Katie Halper Show *** For the entire discussion, bonus content, exclusive interviews, to support independent media and to help make this program possible, please join us on Patreon at - https://www.patreon.com/thekatiehalpershow Direct link to the Patreon portion of the discussion with Vijay Prashad - https://www.patreon.com/posts/vijay-prashad-76306160 Follow Katie on Twitter: https://twitter.com/kthalps

China has loosened its COVID curbs with an aim of reviving its dampened economy. With both internal and external pressures, how long will it take before the Chinese economy can get back on track? What may be the biggest risk threatening its recovery? To find out, host Tu Yun is joined by Dr. Liu Baocheng, Director of the Center for International Business Ethics, University of International Business and Economics, Rodrigo Zeidan, Professor of Practice of Business and Finance, New York University Shanghai, and John Ross, Senior Fellow at the Chongyang Institute for Financial Studies, Renmin University of China.

China has introduced 15 new measures to boost foreign investment in the country. As the costs to enter the traditional first-tier cities become increasingly high, which other cities on the mainland have more growth potential and business opportunities? What strategic industries should investors look at in which cities? To find out, host Tu Yun is joined Fabien Pacory, Vice President of the French Chamber of Commerce in China and French Foreign Trade Advisor , Josef Mahoney, Professor of Politics and International Relations, East China Normal University, and Liu Zhiqin, Senior Fellow, Chongyang Institute for Financial Studies of Renmin University of China on this episode of Chat Lounge.

朱宁，经济学家，行为金融学研究者。最近，动荡的市场给很多投资者再次上了一课。作为散户，我们如何减少投资中出现的失误？这是朱宁试图回答的问题。朱宁是行为金融学领域最有影响力的研究者之一，师从诺贝尔奖得主罗伯特·希勒。他的研究重点是投资者的非理性行为，这十年来一直在做投资者教育。他看到股灾时有散户把毕生积蓄赔了进去，也观察到年轻投资者改买基金，但却把炒股票时犯的错误又全都照搬到炒基金里去。在投资中，我们经常会犯哪些错误？在半年前的演讲中，朱宁讲了最常见的四种——过度投资、听消息、追涨杀跌、不愿止损。市场变化莫测，我们可以怎么做？对此，朱宁也给出了一些小建议。️提示：股市有风险，投资需谨慎。【时间轴】01:26散户在股市上的体验和表现不尽如人意，这是一个全球性现象04:34为什么散户跑不赢大盘？10:53错误一：过度交易15:02错误二：听消息19:22错误三：追涨杀跌22:31错误四：不愿止损26:58一些给散户的小建议30:00散户是市场中的弱势者【参考资料】[1] Barber, Brad M., et al. "Just how much do individual investors lose by trading?." The Review of Financial Studies 22.2 (2009): 609-632.[2] Barber, Brad M., and Terrance Odean. "Trading is hazardous to your wealth: The common stock investment performance of individual investors." The journal of Finance 55.2 (2000): 773-806.[3] Barber, Brad M., and Terrance Odean. "Boys will be boys: Gender, overconfidence, and common stock investment." The quarterly journal of economics 116.1 (2001): 261-292.[4] Zhu, Ning. "The local bias of individual investors." (2002).

As the over 2000 delegates to the 20th Party Congress of China's ruling CPC go through the work report delivered by Xi Jinping, China observers from around the world are trying to feel the pulse of the world's second largest economy. To decode the key messages conveyed in the report, host Tu Yun joins John Ross, Senior Fellow at the Chongyang Institute for Financial Studies, Renmin University of China, Josef Mahoney, Professor of Politics and International Relations, East China Normal University, and Victor Gao, Chair Professor at Soochow University on this episode of Chat Lounge.

Nearly 2,300 delegates from across the country are in Beijing to attend the twice-a-decade National Congress of the Communist Party of China. What can be expected from the 20th CPC Party Congress? Host Tu Yun joins Victor Gao, Chair Professor at Soochow University, John Ross, Senior Fellow at the Chongyang Institute for Financial Studies, Renmin University of China, and Josef Mahoney, Professor of Politics and International Relations, East China Normal University, on this episode of Chat Lounge.

The U.S. dollar is the strongest it's been in two decades. Although it may sound like good news for the U.S., other countries are feeling the pain of plunging currencies. They now have to pay a lot more for essential imports like food and energy, as well as for debt denominated in dollars. As the Federal Reserve continues to raise interest rates to fight inflation, central banks around the world are racing to keep up, which could push the world toward a recession. Why is the U.S. dollar so strong right now? What repercussions is it creating? How long will it continue? Host Zhao Ying is joined by Prof. Michael Powers from School of Economics and Management at Tsinghua University, Mike Bastin, Senior Lecturer at University of Southampton in the UK and Liu Zhiqin, Senior Fellow of Chongyang Institute for Financial Studies, Renmin University of China.

The German government is working on a new trade policy to reduce what it calls its “dependence” on China. How realistic is this de-facto decoupling plan? Once in place, what impact will it have on both countries and the globe? To find out, host Tu Yun is joined by Peter Helis, Chief Advisor, Guangzhou Huangpu District, Guangdong Province, Dr. Ilaf Elard, Assistant Professor of Practice in Economics, New York University Shanghai, and Liu Zhiqin, Senior Fellow, Chongyang Institute for Financial Studies of Renmin University of China.

In this episode we are honored to host a conversation with Noam Chomsky and Vijay Prashad, to discuss their brand new book The Withdrawal: Iraq, Libya, Afghanistan, and the Fragility of U.S. Power.  Noam Chomsky is an American linguist, philosopher, cognitive scientist, historical essayist, social critic and political activist. While we couldn't find a complete bibliography, from what we could gather, it seems that at this point he has written over 100 books, on a wide range of topics.  Vijay Prashad is an executive director of Tricontinental: institute of Social Research, the Chief Editor of LeftWord Books, and a senior non-resident fellow at Chonyang Institute for Financial Studies, Renmin University of China. He is also the author of over 20 books and a member of the Communist Party of India (Marxist). In this conversation we talk about the recent U.S. withdrawal from Afghanistan, the so-called “China threat,” The Godfather attitude of U.S. imperialism, the war in Ukraine, sanctions, and international law. We also question whether we should look at the U.S. as a declining power or just an empire in transition. As you will see we were not able to get through all of our questions in this conversation, but Noam and Vijay were kind enough to record a part 2 with us as well, which we will release in the coming days. This part of the conversation was recorded on August 30th. We want to thank all of our patrons for making our show possible. It's a new month and we have a new goal to add 25 patrons again this month. You can become a patron of the show for as little as $1 a month. All of the support for our show comes from listeners like you as we have no grant funding and we don't sell any ads. You can become a patron by signing up at patreon.com/millennialsarekillingcapitalism And be on the look out for part 2 of this conversation in the coming days.

The Sino-US agreement on audit oversight is expected to avert delisting of Chinese firms on the US stock market. But how much of a concern will it cause in terms of disclosure of sensitive information? Will it lead to an exodus of US-listed Chinese firms? How helpful is such a deal in mending bilateral economic relations? Joining host Tu Yun are Liu Zhiqin, Senior Fellow, Chongyang Institute for Financial Studies of Renmin University of China, Rodrigo Zeidan, Professor of Practice of Business and Finance, New York University Shanghai, and Edward Lehman, founder and managing director of China-based law firm Lehman, Lee & Xu on this episode of Chat Lounge.

What an honor to spend time in person with the one and only Luther King. So genuine and humble, he is still learning from the younger generations, believing “you take care of your clients, and they will take care of you”. Luther shares more details about his professional journey, his motivation for giving back, and his excitement for the future of our industry and professionals.  He founded Luther King Capital Management (otherwise known as LKCM) in 1979 in Fort Worth, Texas. With additional offices today in Austin, San Antonio, and Dallas, the firm is independently owned, and provides investment advisory services to high-net-worth individuals, families, and a wide variety of institutions, employing 100 people, and managing over $25b in assets. Luther's professional career began in 1963 as a credit analyst at First National Bank of Fort Worth. Enlisted in the U.S. Air Force Reserve, he was honorably discharged in 1968. Two years later, he went to work as a senior investment officer for Shareholders Management Company (which later became a part of American General Insurance).  In 1973, he joined Lionel D. Edie & Company – a New York-based investment firm – as Director and Manager of the Dallas office. The company was sold five years later, and in 1979, Luther founded LKCM. Within the categories of leadership, contributions, awards and recognition, Luther has clearly dedicated his life to giving back to many institutions, including, but not limited to Employees Retirement System of Texas, UTIMCO, TCU, CFA Society of DFW Strategic Advisory Board, and four public companies. Today, the Teresa and Luther King Entrance marks a prominent boundary on the TCU campus along with the King Family Commons. In fact, Six 600 Horned Frogs live in the Teresa and Luther King Residence Hall. Across campus, students at the Neeley School of Business hone their skills at the LKCM Center for Financial Studies, and a significant number have become interns at his firm. Disclaimer: All podcast discussions represent only the views and opinions of the host and guests. This podcast in no way constitutes investment advice and is not an offer to buy or sell any products or services. 

Dr. Best joined UCM in August 1995 as an assistant professor of finance and became a professor in 2005. He was named chair of the Department of Economics and Finance in 2003, associate dean of the Harmon College of Business Administration in 2008 and dean of the college in 2010. Following an extensive restructuring of academic programs, Dr. Best began service as dean of the newly formed Harmon College of Business and Professional Studies in 2011. His strong business acumen contributed to Dr. Best becoming interim senior vice president for Finance and Administration in August 2017, and concurrent with a university administrative reorganization, he was appointed executive vice president and chief operating officer in January 2018. In this capacity, he was responsible for implementing a three-year budget planning cycle for the university, revising university fiscal policies and leading efforts to provide more robust reporting for budget managers. With board oversight, he also helped formalize the university's contingency reserves guidelines. Early in his tenure as president, Dr. Best established priorities that include: ensuring a focus on and highlight on academic quality; building a sustainable financial model, which includes automation and streamlining practices; expanding the spectrum of educational opportunities available to students, including seeking out markets beyond undergraduate and graduate degrees; strengthening alumni engagement and developing a strong fundraising arm through the UCM Alumni Foundation, including filling key staff and leadership positions; and engaging marketing and branding efforts to roll out a new slogan and graphic icon that relates to students and assists with building program-level recruitment. He has also challenged faculty and staff to continue a long legacy of being service-minded toward students and to become problem solvers. Throughout his service at UCM, Dr. Best has shared his financial and administrative expertise to the benefit of the university. Early in his career, he was appointed to a Board of Governors Academic Affairs Subcommittee on Faculty Compensation, which recommended a new faculty compensation model ultimately approved by the board. During the 2014–2015 academic year, he played a role in the development of the university's Strategic Resource Allocation Model (SRAM) by chairing a team that considered how the budget process could further enhance transparency and accountability, optimally allocate resources to academic programs and directly connect to student success, growth with quality and sustainability and efficiency metrics. While serving the Harmon College, Dr. Best played a key role in the college's accreditation by the Association to Advance Collegiate Schools of Business (AACSB International), having been involved in three of the college's Continuous Improvement Review visits by external teams. He was also engaged with AACSB at a national level, having served on the AACSB Continuous Improvement Review Committee and on numerous peer review teams for other university business programs. As dean, he oversaw the creation of the Donn G. Forbes Center for Financial Studies, funded through a private gift to the university, and facilitated a partnership with the UCM Alumni Foundation to create the Student Managed Investment Fund (SMIF) with an initial allocation of $500,000. Dr. Best's tenure at UCM includes a strong record of participation in department, college and university committees that have given him a broad, well-rounded knowledge of the campus community. He has served on the Faculty Senate, Academic Program Review Committee, University Research Committee, University Scholarship Committee, Professional Enhancement Committee and a number of other committees and work groups. His teaching assignments included more than 100 sections of a dozen unique courses at the undergraduate and graduate levels covering concepts in corporate finance, international finance, investments and personal finance. His professional contributions include publication of numerous scholarly research-based articles in peer-reviewed journals and more than 40 presentations at professional conferences, as well as service on the Board of Directors for both the MidAmerican Business Deans Association and the Southwestern Business Deans Association. Dr. Best began his higher education at Georgia College in Milledgeville, where he earned a Bachelor of Business Administration with a major in management. Advanced study led to a Ph.D. in finance from Florida State University in Tallahassee. Active members of the community, Dr. Best and his wife, Robin Best, reside in Warrensburg, Mo., and have two daughters, Amy Burk and Lindsey Keirsey, and six grandchildren. Previously, Dr. Best served as treasurer and board member of Habitat for Humanity of Johnson County, and he currently serves as a member of Johnson County Economic Development Corporation's Board of Directors, Whiteman Area Leadership Council, Missouri Campus Compact Presidential Advisory Board and KCPT Board of Directors.    

Elite colleges have long played a crucial role in maintaining social and class status in America while public universities have offered a major stepping-stone to new economic opportunities. However, as Charlie Eaton reveals in Bankers in the Ivory Tower: The Troubling Rise of Financiers in US Higher Education (U Chicago Press, 2022), finance has played a central role in the widening inequality in recent decades, both in American higher education and in American society at large. With federal and state funding falling short, the US higher education system has become increasingly dependent on financial markets and the financiers that mediate them. Beginning in the 1980s, the government, colleges, students, and their families took on multiple new roles as financial investors, borrowers, and brokers. The turn to finance, however, has yielded wildly unequal results. At the top, ties to Wall Street help the most elite private schools achieve the greatest endowment growth through hedge fund investments and the support of wealthy donors. At the bottom, takeovers by private equity transform for-profit colleges into predatory organizations that leave disadvantaged students with massive loan debt and few educational benefits. And in the middle, public universities are squeezed between incentives to increase tuition and pressures to maintain access and affordability. Eaton chronicles these transformations, making clear for the first time just how tight the links are between powerful financiers and America's unequal system of higher education. Charlie Eaton is an economic sociologist and Assistant Professor of Sociology at UC Merced. He studies the role of social ties, organizations, and politics in the interplay between financiers, other elites, and subordinate social groups. His work has been published in Socio-Economic Review, Politics & Society, The Review of Financial Studies, Socius, Sociology Compass, and PS: Political Science and Politics. Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Elite colleges have long played a crucial role in maintaining social and class status in America while public universities have offered a major stepping-stone to new economic opportunities. However, as Charlie Eaton reveals in Bankers in the Ivory Tower: The Troubling Rise of Financiers in US Higher Education (U Chicago Press, 2022), finance has played a central role in the widening inequality in recent decades, both in American higher education and in American society at large. With federal and state funding falling short, the US higher education system has become increasingly dependent on financial markets and the financiers that mediate them. Beginning in the 1980s, the government, colleges, students, and their families took on multiple new roles as financial investors, borrowers, and brokers. The turn to finance, however, has yielded wildly unequal results. At the top, ties to Wall Street help the most elite private schools achieve the greatest endowment growth through hedge fund investments and the support of wealthy donors. At the bottom, takeovers by private equity transform for-profit colleges into predatory organizations that leave disadvantaged students with massive loan debt and few educational benefits. And in the middle, public universities are squeezed between incentives to increase tuition and pressures to maintain access and affordability. Eaton chronicles these transformations, making clear for the first time just how tight the links are between powerful financiers and America's unequal system of higher education. Charlie Eaton is an economic sociologist and Assistant Professor of Sociology at UC Merced. He studies the role of social ties, organizations, and politics in the interplay between financiers, other elites, and subordinate social groups. His work has been published in Socio-Economic Review, Politics & Society, The Review of Financial Studies, Socius, Sociology Compass, and PS: Political Science and Politics. Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

Elite colleges have long played a crucial role in maintaining social and class status in America while public universities have offered a major stepping-stone to new economic opportunities. However, as Charlie Eaton reveals in Bankers in the Ivory Tower: The Troubling Rise of Financiers in US Higher Education (U Chicago Press, 2022), finance has played a central role in the widening inequality in recent decades, both in American higher education and in American society at large. With federal and state funding falling short, the US higher education system has become increasingly dependent on financial markets and the financiers that mediate them. Beginning in the 1980s, the government, colleges, students, and their families took on multiple new roles as financial investors, borrowers, and brokers. The turn to finance, however, has yielded wildly unequal results. At the top, ties to Wall Street help the most elite private schools achieve the greatest endowment growth through hedge fund investments and the support of wealthy donors. At the bottom, takeovers by private equity transform for-profit colleges into predatory organizations that leave disadvantaged students with massive loan debt and few educational benefits. And in the middle, public universities are squeezed between incentives to increase tuition and pressures to maintain access and affordability. Eaton chronicles these transformations, making clear for the first time just how tight the links are between powerful financiers and America's unequal system of higher education. Charlie Eaton is an economic sociologist and Assistant Professor of Sociology at UC Merced. He studies the role of social ties, organizations, and politics in the interplay between financiers, other elites, and subordinate social groups. His work has been published in Socio-Economic Review, Politics & Society, The Review of Financial Studies, Socius, Sociology Compass, and PS: Political Science and Politics. Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/american-studies

Elite colleges have long played a crucial role in maintaining social and class status in America while public universities have offered a major stepping-stone to new economic opportunities. However, as Charlie Eaton reveals in Bankers in the Ivory Tower: The Troubling Rise of Financiers in US Higher Education (U Chicago Press, 2022), finance has played a central role in the widening inequality in recent decades, both in American higher education and in American society at large. With federal and state funding falling short, the US higher education system has become increasingly dependent on financial markets and the financiers that mediate them. Beginning in the 1980s, the government, colleges, students, and their families took on multiple new roles as financial investors, borrowers, and brokers. The turn to finance, however, has yielded wildly unequal results. At the top, ties to Wall Street help the most elite private schools achieve the greatest endowment growth through hedge fund investments and the support of wealthy donors. At the bottom, takeovers by private equity transform for-profit colleges into predatory organizations that leave disadvantaged students with massive loan debt and few educational benefits. And in the middle, public universities are squeezed between incentives to increase tuition and pressures to maintain access and affordability. Eaton chronicles these transformations, making clear for the first time just how tight the links are between powerful financiers and America's unequal system of higher education. Charlie Eaton is an economic sociologist and Assistant Professor of Sociology at UC Merced. He studies the role of social ties, organizations, and politics in the interplay between financiers, other elites, and subordinate social groups. His work has been published in Socio-Economic Review, Politics & Society, The Review of Financial Studies, Socius, Sociology Compass, and PS: Political Science and Politics. Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/education

Anirudh Singh sits down with Shimon Kogan, Associate Professor of Finance, with positions at IDC Herzliya and the Wharton School. The two discuss the shifting perspective around fintech companies after the financial crisis, why fintech is an excellent industry for new graduates to get into, exciting global trends in the industry, and much more! Shimon Kogan: Prof. Kogan is an Associate Professor of Finance, with positions at IDC Herzliya and the Wharton School. He was on the faculty at MIT Sloan, Carnegie Mellon University, University of Texas at Austin, and Duke. He held several investment-management positions and board advisory roles. He earned his MBA and PhD from the University of California at Berkeley and his BA from Tel Aviv University. Dr. Kogan's research focuses on behavioral finance with application to capital markets. He is interested in understanding how information is processed in markets and his approach is interdisciplinary, integrating tools and insights from machine learning and AI. His research appeared in some of the profession's top journals such as the Review of Financial Studies, Journal of Finance, and the American Economic Review, and he was invited to present his work in leading conferences and universities, such as MIT, Wharton, Harvard, and Yale. His teaching is focused on machine learning, data science, and blockchain, and their implications for finance. He has been teaching Fintech, Data Science for Finance, Investment, Portfolio Management, Derivatives, and Behavioral Finance. He is involved with several startups in the fintech space and is often invited to speak about these issues in both academic and practitioners' conferences. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech LinkedIn: www.linkedin.com/company/wharton-fintech-club/ WFT Twitter: twitter.com/whartonfintech Anirudh's Twitter: twitter.com/avsingh_24

For the entire discussion, to receive bonus content, support independent media & to help make this program possible, please join us on Patreon at: https://www.patreon.com/thekatiehalpershow Direct link to this episode's Patreon segment: https://www.patreon.com/posts/vijay-prashad-on-65119033 Vijay Prashad discusses the latest fallout from the war in Ukraine and how it's impacting the rest of the world and his essay on Pan-Asianism. Plus the removal of Pakistan's Imran Khan: is it the will of the Pakistani people or Western-backed regime change, as Khan is claiming? Read Vijay's latest piece here (https://www.newsclick.in/is-asia-possible) Vijay Prashad (https://twitter.com/vijayprashad) is an Indian historian, editor and journalist. He is a writing fellow and chief correspondent at Globetrotter (https://independentmediainstitute.org...). He is the chief editor of LeftWord Books (https://mayday.leftword.com/) and the director of Tricontinental: Institute for Social Research (https://t.co/evQYuwZXRJ). He is a senior non-resident fellow at Chongyang Institute for Financial Studies, Renmin University of China (http://en.rdcy.org/). He has written more than 20 books, including The Darker Nations and The Poorer Nations. His latest book is Washington Bullets, with an introduction by Evo Morales Ayma.

The 23rd China-E.U. Summit took place on Friday via video link. The two sides addressed the conflict in Ukraine and areas of shared interest such as climate change, biodiversity, and trade relationships. Will there be stronger China-E.U. ties in an unstable world? To find answers, host Ge Anna speaks with Chen Weihua, Chief of China Daily E.U. Bureau; Stephan Ossenkopp, Independent researcher and analyst for the Schiller Institute; John Ross, Senior fellow with Chongyang Institute of Financial Studies at Renmin University; and Prof. Yan Shaohua, Center for China-Europe Relations at Fudan University.

For the entire discussion, bonus content & to help make the show happen, please join us on Patreon at: https://www.patreon.com/thekatiehalpershow Direct link to this broadcast's Patreon podcast (patreon-only content begins at 29min09sec, start there to pick-up where you left off) Journalist and historian Vijay Prashad (https://twitter.com/vijayprashad) talks about the current conflict in Ukraine and the history that got us there, especially the role of NATO. He also discusses what the Left should be doing right now. Then join our callin where Katie will be taking some of your questions [https://www.callin.com/room/ukraine-what-should-the-left-do-about-it-hxuXjCtKXb] Vijay Prashad is an Indian historian, editor and journalist. He is a writing fellow and chief correspondent at Globetrotter (https://independentmediainstitute.org/globetrotter/). He is the chief editor of LeftWord Books (https://mayday.leftword.com/) and the director of Tricontinental: Institute for Social Research (https://t.co/evQYuwZXRJ). He is a senior non-resident fellow at Chongyang Institute for Financial Studies, Renmin University of China (http://en.rdcy.org/). He has written more than 20 books, including The Darker Nations and The Poorer Nations. His latest book is Washington Bullets, with an introduction by Evo Morales Ayma.

Our guest on the podcast today is Terrance Odean. Dr. Odean is the Rudd Family Foundation Professor of Finance at the Haas School of Business at the University of California, Berkeley. Individual investor trading has been a key area of research throughout his academic career. In 2016, Dr. Odean received the James R. Vertin Award from the CFA Institute for research notable for its relevance and enduring value to investment professionals. He has been an editor and an associate editor of numerous academic finance journals, including The Review of Financial Studies, The Journal of Finance, and The Journal of Behavioral Finance. As an undergraduate student at UC Berkeley, Dr. Odean studied judgment and decision-making with a 2002 Nobel Laureate in Economics, Daniel Kahneman.BackgroundBioThe Review of Financial StudiesThe Journal of FinanceThe Journal of Behavioral FinanceFree Trading and Robinhood“Online Investors: Do the Slow Die First?” by Brad Barber and Terrance Odean, faculty.haas.berkeley.edu, 2002.“The Behavior of Individual Investors,” by Brad Barber and Terrance Odean, umass.edu, September 2011.“Attention Induced Trading and Returns: Evidence From Robinhood Users,” by Brad Barber, Xing Huang, Terrance Odean, and Christopher Schwarz, paper.ssrn.com, Oct. 12, 2021.“Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors,” by Brad Barber and Terrance Odean, faculty.haas.berkeley.edu, April 2000.“All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors,” by Brad Barber and Terrance Odean, academic.oup.com, April 2008.“Robbin' Who?” by William Ehart, humbledollar.com, May 11, 2021.“Systematic Noise,” by Brad Barber, Terrance Odean, papers.ssrn.com, May 2006.Gender Differences in Investing“Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment,” by Brad Barber and Terrance Odean, papers.ssrn.com, November 1998.“Seeing Is Believing: Female Leaders' Presence Narrows the Gender Gap in Girls' Aspirations and Advancement in Education,” by Lori Beaman, Esther Duflo, Rohini Pande, and Petia Topalova, gap.hks.harvard.edu, February 2012.“What Accounts for the Gender Equality Among Pharmacists?” by Claudia Goldin, premarket.org, Oct. 7, 2021.Behavioral FinanceDaniel Kahneman

Panel 3: An Expanded Fed Mandate?Otmar Issing, President, Center for Financial Studies at Goethe University, Frankfurt, and former Chief Economist at the European Central BankKaren Petrou, Managing Partner, Federal Financial AnalyticsScott Sumner, Ralph G. Hawtrey Chair of Monetary Policy, Mercatus Center, George Mason UniversityModerated by Jeanna Smialek, Federal Reserve and Economics Reporter, New York TimesFull Event: https://www.cato.org/events/39th-annual-monetary-conference See acast.com/privacy for privacy and opt-out information.

When central bank policies are driven by their primary mandates, is there a case that these mandates should expand to incorporate the systemic risk that is climate change? And how will increasingly extreme climate events force policymakers' actions or limit the monetary policy space available to central bank institutions?  Emanuel Moench, Head of Research at the Deutsche Bundesbank, joins Jason Mitchell to discuss the intersection of climate change and monetary policy; what central banks are doing to integrate climate risk in their macroeconomic models; and why it's vital we continue to examine how climate change could impact the financial system. Read the full transcript of the episode here. Biography Commissioner Emanuel Moench is the Head of Research at Deutsche Bundesbank, Professor of Economics at Goethe University Frankfurt and co-chair of the recent ECB Strategy Review Occasional Paper: Climate change and monetary policy in the euro area. Prior to joining the Bundesbank, Emanuel was a Research Officer at the Federal Reserve Bank of New York. His research focuses on the intersection of macroeconomics and finance and has been published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Monetary Economics among others. Emanuel received the Journal of Finance's Amundi Smith Breeden First Prize in 2015 and the European Economic Association's Young Economist Award in 2008.  Learn more about your ad choices. Visit megaphone.fm/adchoices