London-based international daily newspaper
POPULARITY
Categories
Rob Armstrong is the writer who first coined the acronym in The TACO Trade, which stands for Trump Always Chickens Out, in a column back in April. He wasn't trying to go viral, much less have the acronym circulate throughout Wall Street and the media, much less have President Trump be asked about it. But that's what happened. Armstrong is the Unhedged columnist and podcaster at the Financial Times. He also had a prior career at a hedge fund, which abruptly ended in the Great Financial Crisis of 2008. He also has a PhD in philosophy, making him an unusual figure in the world of finance and economics journalism. The topics he writes about reflect this varied background. He and Cardiff reflect on the strangeness of coining a term that has such reverberations in a prominent national conversation, in this case the one surrounding President Trump's tariff strategy, and whether the trade itself still applies. They also discuss how the feedback loops created by the acronym represent the fundamental nature of markets and the ways that societal narratives get around these days. But the main part of their chat is about US markets at the moment. Are they in a bubble? Why has there not been more of a negative effect from tariffs? And why has the US dollar fallen — and stayed fallen — while US stocks have returned to all-time highs just this week? What should we make of the horrific returns on long-term Treasuries this decade? And are higher interest rates truly here to stay? They also discuss Rob's switch from working in finance to writing about it, and his recent column on Rene Girard and the mimetic rivalries that seem to define this political moment. Finally, they close with a surprising topic that Rob frequently also writes and speaks about: men's fashion. Related links: The Unhedged Newsletter (Rob Armstrong)Unhedged Podcast (Katie Martin with Rob)A Wealth of Common Sense (Ben Carlson)The Overshoot (Matt Klein)Feed Me (Emily Sundberg)Rob's Life & Arts columnRob's FT style column Hosted on Acast. See acast.com/privacy for more information.
Andre and Edouard Michelin published their first Guide on 1st August, 1900. Now recognised as the gold standard in luxury restaurant reviews, the original guide was primarily created to encourage demand for automobiles - and, therefore, Michelin tyres. At the time, there were fewer than 3,000 cars on French roads. Nearly 35,000 copies of this first, free edition of the guide were distributed, providing information to motorists including maps, tyre repair and replacement instructions, car mechanics listings, hotels, and petrol stations throughout France. In this episode, Arion, Rebecca and Olly explain why the Michelin mascot, Bibendum, is white; reveal the levels of secrecy expected of Michelin's restaurant inspectors; and consider why Japan ranks second to France in its star ratings… Further Reading: • ‘The ingenious story behind Michelin stars' (BBC Travel, 2018): https://www.bbc.com/travel/article/20181024-the-ingenious-story-behind-michelin-stars • ‘What's wrong with the Michelin guide?' (Financial Times, 2021): https://www.ft.com/content/e622ec53-ea9f-487a-a434-747f13f5ffa0 •'How the Michelin Guide rates restaurants' (CBS Sunday Morning, 2023): https://www.youtube.com/watch?v=tceSuaTbcU8 This episode first aired in 2023 Love the show? Support us! Join
Today's podcast begins with our amazing host, Mike Slater, going over the latest economic news from the Trump 2.0 era. Big, Bad Donnie T. has even floated the idea of giving Americans a rebate check from all of the tariff revenue that this country is raking in now! Is this a good idea? Could the cash be spent in a better way? Slater has some thoughts and you'll want to hear them!Following the opener, Mike gets a chance to speak with Breitbart's Washington Bureau Chief, Matthew Boyle, about his recent sit-down interview with President Donald Trump in Scotland and the great work that his team is doing with the U.S. Treasury Department. Lots of great insider stuff that we'd like to share! Don't miss it!
The Commerce Department reported on Wednesday that the U.S. economy grew at a 3% annual rate last quarter. That growth is smaller than it was last year. The Financial Times' Rana Foroohar joins us to put things in perspective. Then, former pardon attorney Liz Oyer explains why she thinks it would be "unprecedented" for President Trump to pardon convicted child sex trafficker Ghislaine Maxwell for her crimes, as Trump continues to downplay his one-time friendship with her accomplice Jeffrey Epstein. And, conventional wisdom says a one-page resume is the best bet for job seekers, but that may no longer be the case thanks to AI. Wall Street Journal columnist Callum Borchers explains.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
In this episode of Money Tales, our guest is Nancy Davis. At age 8, Nancy watched her mother make what she instinctively knew was a terrible financial decision—buying an excessive number of Persian carpets from a traveling merchant parked in a semi-truck on the side of the road. While most kids would have stayed quiet, Nancy spoke up. She not only convinced her mother that the purchase was reckless, but she also successfully negotiated a return of the carpets her family couldn't afford and didn't have room for. That early lesson in financial prudence shaped much of what followed, from Nancy's decade at Goldman Sachs to founding her own investment firm, Quadratic Capital, in 2013. Nancy Davis founded Quadratic Capital in 2013. Nancy is the portfolio manager for The Quadratic Interest Rate Volatility and Inflation Hedge ETF (NYSE Ticker: IVOL) and The Quadratic Deflation ETF (NYSE Ticker: BNDD). Prior to founding Quadratic, Nancy spent nearly a decade at Goldman Sachs primarily with the proprietary trading group (Goldman Sachs Principal Strategies) where she rose to become the Head of Credit, Derivatives and OTC Trading and headed the team for about 5 years for the prop desk. She also served as a portfolio manager at JP Morgan's hedge fund and in a senior executive role at AllianceBernstein. Nancy has been the recipient of numerous industry recognitions. Barron's named her to their inaugural list of the "100 Most Influential Women in U.S. Finance." Institutional Investor called her a "Rising Star of Hedge Funds." The Hedge Fund Journal tapped her as one of "Tomorrow's Titans." Nancy has been profiled by Forbes, and interviewed by The Economist, The Wall Street Journal, and The Financial Times. Nancy is a frequent guest on financial television including CNBC, Bloomberg, and Fox Business. She is a sought-after speaker for industry events.
Financial Times reporter Patrick McGee argues in his new book 'Apple in China' that China wouldn't be the China it is today without Apple.
September 3 in NYC at 6 pm, I'll be in conversation with Lionel live at The Village Underground. Tix available here. Use promo code CATASTROPHE18 at checkout for a discount. Bestselling novelist and beloved (and occasionally be-hated) columnist Lionel Shriver returns to the podcast to talk about several topics, including her most recent novel, Mania. In that novel, she imagines a society under the grip of “mental parity,” a concept arguing that all individuals possess equal intelligence and no one should be given greater credence or responsibility because of the perception that they are smarter. We also discuss our own intelligence (are we really all that smart?) and wonder what makes us so resistant to groupthink in politics and daily life, especially around movements like #MeToo, Black Lives Matter, and gender ideology. In search of a lighter topic, we finally move on to . . . immigration. (Oops.) As a Los Angeles resident, I've been alarmed by the ICE raids in my community, and I'm quite upset about the Trump administration's policies. As a longtime expatriate in the U.K. and as the author of a forthcoming novel about immigration (A Better Life, coming in February 2026), Lionel sees things a little differently. GUEST BIO A prolific journalist with a fortnightly column in Britain's The Spectator, Lionel Shriver has written widely for the New York Times, the London Times, the Financial Times, Harper's Magazine, and many other publications. Her first nonfiction book, ABOMINATIONS: Selected Essays from a Career of Courting Self-destruction, was published in 2022. It joins a story collection and fifteen novels, including Mania, Should We Stay or Should We Go, The Mandibles, and We Need to Talk About Kevin (a 2011 film starring Tilda Swinton). Her work has been translated into 35 languages. Her latest novel A Better Life, focused on immigration, will be out in early 2026. UPCOMING EVENT: Once again, if you enjoyed this interview, join me in NYC on September 3 at The Village Underground for a conversation with Lionel about The Catastrophe Hour as well as her work. Topics will include (but are not limited to) death, sex, real estate, dogs, beauty, grief, aging, cancelation, incels, femcels, self-destruction, natural disasters, pronatalism, anti-natalism, human intelligence, and cultural stupidity. Doors open at 5:15, show starts at 6pm. Tix available here. Use promo code CATASTROPHE18 at checkout for a discount. HOUSEKEEPING
Transformative Leadership Conversations with Winnie da Silva
"Immigrant entrepreneurs are powerful at reframing. Reframing rejection. Reframing failure. Reframing their past." - Dr. Neri Karra SillamanWhat if the hardest chapter of your life - the one where you lost everything - turned out to be the thing that shaped you into the leader you were always meant to be? In this episode, I talk with Dr. Neri Karra Sillaman, whose journey from child refugee to Oxford professor and global entrepreneur is nothing short of incredible. Her work has appeared in BBC, Forbes, Financial Times, Harvard Business Review, CNBC and others. She's also the author of Pioneers: Eight Principles of Business Longevity from Immigrant Entrepreneurs, a book that captures both her lived experience and her research into what really helps immigrant-led businesses thrive - not just survive.You'll hear us talk about:What it was like being forced to flee Bulgaria as a child, and how that shaped her identity and worldviewHow growing up under a regime that tried to erase her culture made her fiercely committed to authenticity and purposeWhy immigrant entrepreneurs often build stronger, longer-lasting businesses - and why that's not a coincidenceWhat “frying in your own oil” means, and why it's such a powerful mindset for building something from scratchHow reframing rejection and failure is a common thread in the stories of successful immigrant foundersThe huge role community, trust, and relationships play in business longevity - and why these things are often overlookedWhy chasing profit isn't the priority for many immigrant entrepreneurs - and what they focus on insteadThe kind of leadership that puts people, not ego, at the center - and why that matters now more than everResourcesNeri Karra Sillaman on Website | LinkedIn | Neri's book: Pioneers: 8 Principles of Business Longevity from Immigrant EntrepreneursWinnie da Silva on LinkedIn | On the Web | Substack | Email - winnie@winnifred.org
À contre-courant des autres majors pétrolières, l'italien ENI s'engage dans une transition énergétique ambitieuse. Son objectif, faire en sorte que ses profits issus des énergies bas-carbone dépassent ceux du pétrole d'ici 2040. Une stratégie pragmatique et rentable, qui pourrait redéfinir le modèle économique du secteur. Alors que Shell et BP réduisent leurs investissements dans les énergies renouvelables, ENI affiche des ambitions claires : atteindre la parité entre profits fossiles et bas-carbone d'ici 2035, avant de faire basculer l'avantage aux énergies vertes cinq ans plus tard. Le groupe a présenté cette stratégie dans le Financial Times, rompant avec la tendance générale au repli face aux incertitudes du secteur. BP, par exemple, a récemment vendu ses parcs éoliens terrestres aux États-Unis, tandis que Shell a mis fin à ses projets d'éolien en mer pour se concentrer sur le gaz naturel liquéfié. À lire aussiInvestir dans le renouvelable ou pas, le dilemme des compagnies pétrolières Des filiales rentables pour garantir la transition Pour atteindre ses objectifs, ENI ne mise pas sur un modèle monolithique, mais sur la création de deux filiales indépendantes et spécialisées. L'une pour les activités fossiles, l'autre pour le renouvelable. Ces entités, pensées comme des satellites autour de la maison-mère, ont généré à elles seules près de 600 millions d'euros de bénéfices sur le premier semestre 2025. Résultat : un regain de confiance des investisseurs, avec 3,8 milliards d'euros de liquidités collectés en quelques mois. Ces filiales représentent désormais près de la moitié de la valorisation boursière d'ENI. Une diversification géographique et financière calculée Au-delà de son modèle économique, ENI s'appuie sur une diversification géographique intelligente via des co-entreprises avec des partenaires solides comme Petronas en Asie ou BP en Angola. Cette approche lui permet de limiter les risques tout en poursuivant sa croissance. En capitalisant sur les revenus du pétrole pour financer sa mutation verte, le groupe entend prouver qu'une transition énergétique rentable est non seulement souhaitable, mais possible. Si le pari est réussi, ENI pourrait devenir un modèle pour l'industrie pétrolière mondiale.
Day 1,252.Today, after another 24 hours of heavy civilian losses in Ukraine, and significant strikes on Russian railway infrastructure, we assess Trump's claim that he is shortening the 50-day deadline for a ceasefire. Then, we hear the latest on German military reforms and return to the Black Sea for a second dispatch with the Ukrainian navy.Contributors:Francis Dearnley (Executive Editor for Audio). @FrancisDearnley on X.James Rothwell (Berlin Correspondent). @JamesERothwell on X.Dominic Nicholls (Associate Editor of Defence). @DomNichollson X.With thanks to Igor and Pavlo, representatives from 39th Coastal Brigade of the 30th Marine Corps. Content Referenced:Dom's Video Dispatch from the Black Sea:https://youtu.be/w2YjuuQz414 Longer Audio Version, with more voices:https://open.spotify.com/episode/2X5CXYgUvXpVfUblBBu5DF Germany passes ‘Bundeswehrbeschaffungsbeschleunigungsgesetz' law to streamline army (James Rothwell in The Telegraph):https://www.telegraph.co.uk/world-news/2025/07/23/germany-bundeswehrbeschaffungsbeschleunigungsgesetz-law/ Britain and Germany to develop super missile (James Rothwell in The Telegraph):https://www.telegraph.co.uk/world-news/2025/07/17/britain-germany-develop-super-taurus-long-range-missile/EU warns Kyiv it will halt funding unless anti-corruption agencies' independence is restored (Ukrainian Pravda):https://www.pravda.com.ua/eng/news/2025/07/29/7523882/ Europe's roads and rail unfit for war with Russia, EU transport chief warns (Financial Times)https://www.ft.com/content/d77d4c1d-da26-4624-8b77-2178d4ac1125SIGN UP TO THE NEW ‘UKRAINE: THE LATEST' WEEKLY NEWSLETTER:https://secure.telegraph.co.uk/customer/secure/newsletter/ukraine/ Each week, Dom Nicholls and Francis Dearnley answer your questions, provide recommended reading, and give exclusive analysis and behind-the-scenes insights – plus maps of the frontlines and diagrams of weapons to complement our daily reporting. It's free for everyone, including non-subscribers.Subscribe: telegraph.co.uk/ukrainethelatestEmail: ukrainepod@telegraph.co.uk Hosted on Acast. See acast.com/privacy for more information.
In this week's episode of Vietnam Innovators, host Hao Tran is joined by Vasilis Arkomanis – Vice President, APAC Client Service Lead, and Khanh Tran – Senior Manager & Head of Office Operations, Dialectica Vietnam. As key leaders in the region, they are driving Dialectica's growth across Vietnam and the broader Asia-Pacific market.Founded in 2015, Dialectica is now one of the top five expert networks globally in an $80 billion industry. The company enables better decision-making by providing tailored, on-demand insights to the world's leading consulting firms, investment funds, and Fortune 500 companies. With over 1,400 team members, 70,000+ users across 160+ countries, and five consecutive appearances on the Financial Times and Statista list of Europe's 1,000 fastest-growing companies, Dialectica continues to scale its global presence.As the company celebrates its 10th anniversary, this conversation offers a behind-the-scenes look at how Dialectica is growing its footprint in Vietnam — and helping shape the future of information services worldwide.Listen to this episode on YouTubeAnd explore many amazing articles about the pioneers at: https://vietcetera.com/vn/bo-suu-tap/vietnam-innovatorFeel free to leave any questions or invitations for business cooperation at hello@vni-digest.com
Catherine meets people on the shores of Lake Bohinj in Slovenia, and hears a love story full of faith and stars.And if you'd like a (very funny) explanation of Geocaching why not scroll back in the feed to A Geocache, Red Boots and a Tree, recorded in Norfolk. ---Catherine Carr stops strangers to ask them “Where Are You Going?” and uncovers unexpected stories about people's lives.---Named 'Podcast of the Year' by Radio Times and picked as 'Best Podcasts of the Year 2023' by the Financial Times, Observer, Pod Bible and The Week. ---The conversations that follow are always unpredictable: sometimes funny, sometimes heart-breaking, silly, romantic or occasionally downright ‘stop-you-in-your-tracks' surprising. Catherine's been travelling and recording since 2014. Be transported to places around the world and into the lives of others: You just never know what story is coming next…We're actively seeking brand partners and sponsors and would love to talk to you. Please email us at whereareyougoing@loftusmedia.co.uk---Presented by Catherine CarrProduced by the team at Loftus MediaMusic by Edwin PearsonFollow whereareyougoing on InstagramCheck out our site: whereareyougoing.co.ukSend us an email: whereareyougoing@loftusmedia.co.u Hosted on Acast. See acast.com/privacy for more information.
Christopher Miller, Chief Ukraine Correspondent with the Financial Times, outlines the significance of Donald Trump's latest intervention in Ukraine
George Parker, Political Editor at the Financial Times
Beleggers van farmaceut Novo Nordisk zijn afvallig. Het aandeel wordt gedumpt, want de directie komt met misselijkmakend nieuws. Er is voor de tweede keer dit jaar een winstwaarschuwing en als toetje komt daar nog een omzetwaarschuwing bovenop.De verkoop van de afvalprikken van Novo Nordisk vallen tegen. Concurrent Eli Lilly doet het beter. Alleen profiteert het aandeel van de concurrent niet van de neergang van Novo Nordisk. Sterker nog: die gaat ook hard onderuit. Beleggers denken namelijk dat de hele sector overdreven is.Daar hebben we het deze aflevering over. Is de markt voor afvalmedicatie niet gewoon een hype?Hoor je ook over heel veel ander nieuws, want het was een drukke beursdag. Philips bijvoorbeeld, dat hield een zegetocht op de Amsterdamse beurs. Eens géén winstwaarschuwing voor Philips, maar juist een opwaardering voor de winst. Een bedankje daarvoor kan naar het Witte Huis.Waar dan geen muziek in zit, is Spotify. De streamer stelt teleur en dat is heel lang geleden. Er komen meer abonnees bij, maar Spotify maakt onverwachts verlies.Verder in deze aflevering: De Britten hebben een betere deal de EU. Keir Starmer blijkt goede dealmaker Alfen vindt een nieuwe ceo Jerome Powell kan opgelucht ademhalen: Fed-vergaderingen hoeven niet openbaar ECB-werknemers happen juist naar adem. Lagarde zou werksfeer verpesten Kwartaalcijfers van Basic-Fit blijken niet echt fit See omnystudio.com/listener for privacy information.
Day 1,251.Today, as Russia continues its mechanised push in the Donetsk region, we continue reporting on the corruption bill that has shaken Ukraine, as some MPs fear ‘revenge' if they were to reinstate anti-corruption agencies. Meanwhile, Russia cancels its annual Navy Day parade for security reasons, Russian tourists continue flocking to Europe for their holidays, and we hear Ukraine's ambassador to Australia and New Zealand.Contributors:Adélie Pojzman-Pontay (Reporter and Producer). @adeliepjz on X.Francis Dearnley (Executive Editor for Audio). @FrancisDearnley on X.James Crisp (Europe Editor). @JamesCrisp6 on X.Dominic Nicholls (Associate Editor of Defence). @DomNichollson X.With thanks to Myroshnychenko Vasyl, Ukraine's Ambassador to Australia and New Zealand.Content Referenced:Russian tourists flock back to Europe (James Crisp in The Telegraph):https://www.telegraph.co.uk/world-news/2025/07/27/russian-tourists-flock-back-to-europe/Russian Navy Day parade cancelled for ‘security reasons' (The Telegraph):https://www.telegraph.co.uk/world-news/2025/07/27/russian-navy-parade-cancelled-for-security-reasons/ How effective were Ukraine's anti-corruption agencies targeted by Zelensky, and who were they investigating? (Kyiv Independent):https://kyivindependent.com/how-effective-were-ukraines-anti-corruption-agencies-targeted-by-zelensky-and-who-were-they-investigating/ Klymenko's exclusive interview about limiting the powers of the SAPO (Sulpilne):https://suspilne.media/1074785-mi-rozberemo-proces-uhvalenna-zakonu-no12414-posekundno-ekskluzivne-intervu-kerivnika-sap-oleksandra-klimenka/ Zelensky MPs balk at restoring anti-corruption bodies over ‘revenge' fears (Financial Times):https://www.ft.com/content/d8c2bb18-b62a-47af-8ede-984d75ab1acc/‘That idiot Putin wants to take it all': Russia's kamikaze tactics fuel a slow advance in Ukraine (The Guardian):https://www.theguardian.com/news/ng-interactive/2025/jul/27/that-idiot-putin-wants-to-take-it-all-russias-kamikaze-tactics-fuel-a-slow-advance-in-ukraine Confessions of police officers and government officials in Russia's borderlands (The Insider):https://theins.ru/en/confession/283510 The Dogs of Mariupol: Russia's Invasion and the Forging of Ukraine's Iron Generation (Tom Mutch's book):https://www.bitebackpublishing.com/books/the-dogs-of-mariupol Hosted on Acast. See acast.com/privacy for more information.
This week, we're bringing you an episode from the FT's Behind the Money podcast: Every year, the Financial Times selects the most outstanding business book of the year. For 2023, the top pick is a book about failure. The FT's senior business writer Andrew Hill sits down with the winner, Amy Edmondson, the author of Right Kind of Wrong and “the world's most influential organisational psychologist”. Edmondson's book explores the value in failure, what we can learn from it and what's wrong with Silicon Valley's “fail fast, fail often” mantra.Follow Behind the Money wherever you listen to podcasts.For the full text transcript, visit ted.com/podcasts/fixable-transcriptsFor a chance to give your own TED Talk, fill out the Idea Search Application: ted.com/ideasearch. Hosted on Acast. See acast.com/privacy for more information.
De Verenigde Staten pauzeren de beperkingen op technologie-export naar China met de hoop om sneller tot een handelsdeal te komen, melden ingewijden aan de Financial Times. Het Amerikaanse ministerie van Handel zou daarnaast instructies hebben gehad om geen 'zware maatregelen' tegen China meer te nemen. Niels Kooloos vertelt erover in deze Tech Update. Welke exportberkingen er precies in de ijskast gaan is nog niet duidelijk. Het ministerie van Handel wil volgens de Financial Times niet reageren op het nieuws. Afgevaardigden van de Verenigde Staten en China ontmoeten elkaar maandag in de Zweedse hoofdstad Stockholm om voor de derde keer te praten over een handelsakkoord. Verder in deze Tech Update: Tesla gaat voor miljarden aan chips bestellen bij Samsung Chinese hackers hebben mogelijk met hulp van Microsoft zelf misbruik kunnen maken van het lek in SharePoint In Groot-Britannië wordt de onlangs ingevoerde verplichte leeftijdsverificatie op een creatieve manier omzeild met behulp van de Amerikaanse acteur Norman Reedus See omnystudio.com/listener for privacy information.
In today's digital world, artificial intelligence, data storage and cybersecurity are a critical triumvirate, intersecting to form a dynamic ecosystem that underpins modern technological infrastructure. They are strategic pillars that drive innovation, operational efficiency and risk management. Thus their interaction and integration is key to building resilient and secure digital systems capable of supporting the demands of our digitally dependent future. In this episode Charlie Giancarlo, CEO, Pure Storage discusses how important it is for an organisation where your data is, and how to correctly, safely and securely store it ready for our AI future. Nicole Carignan, SVP of Security and AI Strategy at Darktrace and Anthony Ferrante, Global Head of Cybersecurity at FTI Consulting, further extol why data is the backbone of AI, the importance of securing your data, as well as the vulnerabilites organisations face in a modern digitial world.Sources: FT Resources, WEF, PWC, Allianz, National Cyber Security Centre, McKinsey, UK GovThis content is paid for by Pure Storage and is produced in partnership with the Financial Times' Commercial Department. Hosted on Acast. See acast.com/privacy for more information.
The first time in history this is happening in India What is Jim Buying? A restraint of trade and why commodity prices are cheap Looking to learn from one of the greats – GOAT! This episode's guest: Jim Rogers - The Investment Biker NEW! DOWNLOAD THE AI GENERATED SHOW NOTES (Guest Segment) Jim Rogers, a native of Demopolis, Alabama, is an author, financial commentator, adventurer, and successful international investor. He has been frequently featured in Time, The Washington Post, The New York Times, Barron's, Forbes, Fortune, The Wall Street Journal, The Financial Times, The Business Times, The Straits Times and many media outlets worldwide. He has also appeared as a regular commentator and columnist in various media and has been a professor at Columbia University. After attending Yale and Oxford University, Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%. Rogers then decided to retire – at age 37. Continuing to manage his own portfolio, Rogers kept busy serving as a full professor of finance at the Columbia University Graduate School of Business, and, in 1989 and 1990, as the moderator of WCBS's 'The Dreyfus Roundtable' and FNN's 'The Profit Motive with Jim Rogers'. In 1990-1992, Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records. As a private investor, he constantly analyzed the countries through which he traveled for investment ideas. He chronicled his one-of-a-kind journey in Investment Biker: On the Road with Jim Rogers. Jim also embarked on a Millennium Adventure in 1999. He traveled for 3 years on his round-the-world, Guinness World Record journey. It was his 3rd Guinness Record. Passing through 116 countries, he covered more than 245,000 kilometers, which he recounted in his book Adventure Capitalist: The Ultimate Road Trip. Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (SLV), (GLD), (CMG), (DOW), (KSS), (KOSS), (DHI), (SHW)
First up, Ralph welcomes the co-founders of Doctors Against Genocide, Dr. Karameh Hawash-Kuemmerle and Dr. Nidal Jboor, to discuss their dedication to succeeding where global governments have failed in confronting genocide—particularly the acute genocide in Gaza. Then, Ralph speaks to Marcus Sims, who turns felled and fallen trees into sustainable-harvested lumber with his company Treincarnation. Finally, Ralph has co-written an open letter to Barack Obama, urging him to step up and do his part to fight against Donald Trump.Dr. Karameh Hawash-Kuemmerle is a clinical pediatric neurologist who specializes in traumatic brain injury and epilepsy at Boston Children's Hospital. Dr. Nidal Jboor is a doctor of internal medicine and geriatrics working in Michigan. They are co-founders of Doctors Against Genocide.We think: as American people, we are good people. We don't stand for these crimes. We don't accept that any child, any mother, any father, any elderly in the world will be starved to death—no matter where they are, no matter who they are, no matter who is committing this crime. And we are especially appalled to know that all these crimes are being done in our name, with our tax money. They are cutting the funding from our basic programs here, from our neighborhoods, to send more billions to mass slaughter children. So that's why we're going to DC. We're going to talk to the people who are enabling this. We think they already failed their constituents, they failed their country, they are putting our country on the wrong side of history.Dr. Nidal JboorAnyone who did not call this a genocide yet—and did not demand full accountability for genocide, both for the United States and for Israel—is enabling and allowing this crime to continue further.Dr. Nidal JboorWe are committed to having our eyes open whenever and wherever there is a genocide or there are war crimes, crimes against humanity—no matter who commits them. And it's very important for us to stand with the victims, with the community that is suffering, and never take the side or give a platform for the perpetrators.Dr. Karameh KuemmerleOur focus on the situation in Gaza comes from the simple fact that our country is complicit. And because of that, we actually have the moral obligation and the practical obligation to speak up. So it is not because we think that other genocides are not happening or are not important. We actually think every genocide should never happen. It's anti-human to commit genocide. And we always ask our colleagues to come to us to help uplift the voices of the communities of genocide and hopefully we will have more bandwidth to do a lot more. But the situation in Gaza is unique because there is almost a collusion of all these powerful players to complete this genocide in Gaza and basically oppress every resistance to it. There are many things that make what is happening in Gaza unique—for example, the inability to leave, using food as a weapon, having complete siege on the population, having a major superpower supported by another major superpower bombing a population of two million people in a very small area, constantly, nonstop for two years.Dr. Karameh KuemmerleAll professions have their own specialized civic duties…And I want to tell the listeners that the people who are peace-loving all over the world vastly outnumber, vastly outnumber the warmongers and the cruel and vicious interests that have taken advantage of the situation.Ralph NaderMarcus Sims is the owner of Treincarnation, which creates sustainably-harvested lumber and builds custom furniture from trees felled by storms or removed to make way for development.I think there's a lot of support for what I'm doing, but my work is contrasted to the industrial lumber system, which is “chop them down and cut them up,” a lot of it done by huge machines. So it takes a lot more attention and care to do the kind of work that I'm doing. And of course the finances—as you know, finances play a big part in any kind of industry and how they can manage to make money. So I'm certainly making a living, a good living with what I'm doing. I don't know exactly how we can get from the current system into one that was probably used in the past, where the intelligence of human beings is more engaged and we're not slaves to industrial processes.Marcus SimsNews 7/25/25* This week, Israel shelled the Holy Family Church in Gaza. During the last months of his life, Pope Francis was in constant communication with this church and its pastor, Father Gabriel Romanelli, calling them every single night. Three people were killed in this strike and Father Romanelli was injured, as were other congregants. In a speech after the strike, Pope Leo called for an immediate ceasefire and decried the “barbarity of war,” Reuters reports. He added, "I appeal to the international community to observe humanitarian law and respect the obligation to protect civilians as well as the prohibition of collective punishment, of indiscriminate use of force and forced displacement of the population.” According to the National Catholic Reporter, Pope Leo XIV spoke with Palestinian president Mahmood Abbas following this attack and Israeli Prime Minister Netanyahu called to “express Israel's regret for what he called an accidental attack.”2. In Belgium, the Hind Rajab Foundation – named for the five-year-old girl in Gaza killed along with six of her family members and the paramedics coming to her rescue – reports, “Belgian federal police have arrested and interrogated two Israeli soldiers credibly accused of war crimes in Gaza. The action came in response to an urgent legal complaint filed by the Hind Rajab Foundation and the Global Legal Action Network (GLAN) earlier this week.” The soldiers, who had come to Belgium to attend the Tomorrowland music festival were, “formally interrogated and released. The Belgian Federal Prosecutor's Office has confirmed that a criminal investigation is now underway.”3. In a shameful, undemocratic move, the Executive Committee of the National Education Association has voted to reject the member-approved resolution to boycott materials promulgated by the ADL, Axios reports. This helps keep the ADL entrenched as the arbiter of what is and is not antisemitism, a charge they have weaponized and used as a cudgel again and again to silence any criticism of the state of Israel.4. In New York, disgraced former Governor Andrew Cuomo continues to campaign in his increasingly long-shot independent bid for Mayor of New York City. Recently, Cuomo held a campaign breakfast attended by 450 at the Hampton Synagogue, where he said, “I would wager that in the primary, more than 50% of the Jewish people voted for Mamdani.” If true, this would be a stunning victory not only for Zohran himself but for the pro-Palestine movement, which has been maligned in bad faith as antisemitic. Cuomo added that many younger Jewish voters are, “pro-Palestinian, and they don't consider it being anti-Israel.” This from the Forward.5. Another intra-ethnic cleavage is emerging among voters in New York City – this time, Italian-Americans. While Mamdani visited Uganda, the country of his birth, anti-Zohran Italians rallied in front of his Assembly district office in Queens. The New York Times reports this protest, “ostensibly led by the Italian American Civil Rights League, a group that took its name from but had no apparent ties to a defunct organization founded by [Mafia boss] Joseph A. Colombo Sr,...until recently, when Mr. Colombo's grandson, Anthony E. Colombo Jr….joined the group's board in May.” As the Times notes, this protest was held in response to a, “recently resurfaced social media photo from 2020 showing Mr. Mamdani giving the middle finger to a Columbus statue.” However, a large group of pro-Zohran Italian-American counterprotestors rallied across the street, carrying signs that read “Paisans for Zohran!” and “You Eat Jar Sauce!”6. In Minneapolis, many are drawing parallels between Mamdani and insurgent Democratic Socialist candidate Omar Fateh, who won the Minnesota Democratic-Farmer-Labor Party's endorsement for the mayoralty over incumbent Jacob Frey. Fateh, a state senator, won “at least 60% of the Minneapolis DFL delegate vote Saturday…in the party's first endorsement of a mayoral candidate in 16 years,” per the Minnesota Star Tribune. This endorsement gives Fateh a major boost in his campaign and indicates that the Zohran phenomenon is not confined to New York City.7. Last week, Paramount – one of the largest media conglomerates and parent company of CBS – canceled The Late Show with Stephen Colbert less than 48 hours after Colbert called CBS News's $16 million settlement with Trump a, “big fat bribe,” implying it would help curry favor with the administration regarding the proposed merger between Paramount and Skydance. Incensed, the Writers Guild of America East issued a statement calling on New York State Attorney General Letitia James, to, “launch an investigation into potential wrongdoing at Paramount…[and for]…our elected leaders to hold those responsible to account…demand answers about why this beloved program was canceled and to assure the public that Colbert and his writers were not censored due to their views or the whims of the President.”8. At the same time, CNN reports Paramount's “owner-in-waiting,” David Ellison is in talks to acquire Bari Weiss's publication The Free Press. According to the Financial Times, Weiss is seeking over $200 million for the purchase. However, this goes further than a potential acquisition. Puck reports that if brought in, Weiss would serve as an “ideological guide” for CBS News. This, paired with the recent piece in the Hollywood Reporter stating that Skydance “promised to eliminate all diversity, equity and inclusion initiatives,” at Paramount, gives a fuller picture of the “anti-woke” direction CBS would take under the new leadership. With news Thursday that federal regulators have approved the merger, it seems fair to conclude that these moves mollified the president.9. Turning to Latin America, AP reports the U.S., Venezuela and El Salvador have successfully concluded an intricate tripartite prisoner exchange. This deal includes the release of 10 Americans jailed in Venezuela and 252 Venezuelans held in El Salvador's notorious and dystopian CECOT prison complex. The freed Americans include some who were accused of participating in a U.S.-backed coup attempt against Venezuelan President Nicolás Maduro in 2024 and one who was convicted of a triple homicide in Madrid, according to EL PAÍS. All parties seem satisfied with this agreement, with Secretary of State Marco Rubio saying “Every wrongfully detained American in Venezuela is now free and back in our homeland,” while President Maduro pronounced the occasion “a day of blessings and good news…the perfect day for Venezuela.”10. Finally, prominent British tech writer Ed Zitron is out with “The Hater's Guide To The AI Bubble.” In this piece, Zitron – a noted critic of AI writ large – details tech companies' expenditures on AI as compared to the revenues, and the numbers are stark. Microsoft has reaped $13 billion, with $10 billion from OpenAI, sold at “a heavily discounted rate that essentially only covers costs for operating the servers," while expenditures total $80 billion. Amazon AI revenues In 2025 amount to $5 billion, while capital expenditures total $105 billion. Google AI revenue stands at $7.7 billion, with capital expenditures standing at $75 billion. Meta AI revenue in 2025 is a paltry $2-3 billion. Their capital expenditures: $72 billion. Perhaps most deliciously, while Tesla has spent around $11 billion on AI in 2025, the company “Does Not Appear To Make Money From Generative AI” at all. Hopefully these numbers serve as a wakeup call for companies to stop dumping money down the AI drain, since clearly the immense adverse impact on the environment is not dissuading them.This has been Francesco DeSantis, with In Case You Haven't Heard. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe
Rafe Uddin of the Financial Times joins us to explain how autonomous taxis are gaining ground in Silicon Valley and what it might mean for cities around the world.Listen here.
My fellow pro-growth/progress/abundance Up Wingers,With tariff and immigration policies uncertain, and the emerging AI revolution continuing to emerge, there's plenty to speculate about when it comes to the US economy. Today on Faster, Please! — The Podcast, I invite Joseph Politano to help us try and make sense of it all.He is the author of the popular Apricitas Economics Substack newsletter. Politano previously worked as an analyst at the Bureau of Labor Statistics.In This Episode* Trade and immigration headwinds (1:03)* Unpredictable trade policy (7:32)* Tariffs as a political tool (12:10)* The goal: higher tariffs (17:53)* An AI tailwind (20:42)Below is a lightly edited transcript of our conversation. Trade and immigration headwinds (1:03)You're going to have what is probably the largest one-year change in immigration in US history.Pethokoukis: What are the main economic headwinds that you're tracking right now? Or is it just trade, trade, trade?Politano: It's hard for me to not say it's trade, trade, trade because that's what my newsletter has been covering since the start of this administration and I think it's where the biggest change in longstanding policy is. If you look back on, say, the last 100 years of economic history in the United States, that's the kind of level you have to go to find a similar period where tariffs and trade restrictions were this high in the United States.At the start of this year, we were at a high compared to the early 2000s, but it was not that large compared to the 1970s, 1960s, the early post-war era. Most of that, especially in Trump's first term, was concentrated in China, and then a couple of specific sectors like steel or cars from Mexico. Now we have one, you had the big jump in the baseline — there's ten percent tariffs on almost all goods that come to the United States, with some very important exceptions, but ten percent for most things that go into the US. Then, on top of that, you have very large tariffs on, say, cars are 25 percent, steel and aluminum right now are 50 percent. China was up to 20 percent then went to the crazy 150 percent tariffs we had for about a month, and now it's back down to only 30 percent. That's still the highest trade war in American history. I think that is a big headwind.The headwind that I don't spend as much time covering, just because it's more consistent policy — even if it is, in my opinion, bad policy — is on the immigration stuff. You're going to have what is probably the largest one-year change in immigration in US history. So we're going to go from about 2.8 million net immigration to a year, to people like Stan Veuger projecting net-zero immigration this year in the United States, which would be not entirely unprecedented — but again, the biggest shift in modern American history. I think those are the two biggest headwinds for the US economy right now.You're highlighting two big drivers of the US economy: trade and immigration. But analyzing them is tricky because recent examples are limited. To understand the effects of these changes, you often have to look back 50 or 100 years, when the economic landscape was very different. I would think that would make drawing clear conclusions more difficult and pose a real challenge for you as an analyst.Again, I'm going to start with trade because that's where I focused a lot of my energy here, but the key thing I'm trying to communicate to people — when people think of the protectionist era in US history, the number one thing people think about is Smoot-Hawley, which were the very large tariffs right before the Great Depression — in my opinion, obviously did not cause the Great Depression, but were part of the bad policy packages that exacerbated the Great Depression. That is an era in which one, the US is not a big net importer to the same degree; and two, trade was just a much smaller share of the economy, even though goods were a much larger share of the economy.This is pre- the really big post-war globalization and pre- the now technology-era globalization. So if you're doing tariffs in 1930 or prior, you're hitting a more important sector. Manufacturing is a much larger share of the economy, construction is a larger share of the economy, but conversely, you're hitting it less hard. And now you have this change of going from a globalized world in which trade is a much larger share of GDP and hitting that with very large tariffs.The immigration example is hard to find. I think the gap is America has not done . . . let's call it extensive interior enforcement in a long time. There's obviously been changes to immigration policy. Legally the tariffs have gone up. Legally, lot of immigration policy has not changed. We don't pass bills on immigration in the same way. We don't pass bills on tariffs, but we do pass bills on tax policy. So immigration has changed mostly through the enforcement mechanisms, primarily at the border, and then secondarily, but I think this is the bigger change, is the kind of aggressive interior enforcement.The Steven Miller quote that was in the Wall Street Journal is what I think about, like, why aren't you going to Home Depot to try to deport people who are here undocumented? That's a really big change in economic policy from the first term where it was like, “Okay, we are going to restrict the flow of legal and undocumented immigrants at the border, and then mostly the people who are in the interior of the United States, we're only going to focus on people who've committed some other crime.” They got picked up by local law enforcement doing something else, and then we're going to deport them because of that.This is very different, and I think also very different tonally. In the first term, there was a lot of, “People don't want refugees.” Refugee resettlement was cut a lot, but there was a rhetorical push for, “We should let some people in from Venezuela or Cuba, people who were fleeing socialist dictatorships.” That program [was] also very much torn up. So it's hard to find examples, in that case, where you've got to go back to 1924 immigration policy, you've got to go back to 1930 trade policy for the closest analogs.Unpredictable trade policy (7:32)People notice if the specific things that they associate with other countries go up in price, even if those aren't their most important export.Trade policy seems especially difficult to analyze these days because it's been so mercurial and it's constantly evolving. It's not like there's one or two clear policy shifts you can study — new announcements and reversals happen daily, or weekly. I think that unpredictability itself creates uncertainty, which many analysts see as a drag on growth, often as much as the tariffs themselves.I think that's exactly right. I used to joke that there were three people in Washington, DC who know what the current tariff levels are, and I'm not sure any of them are in the White House, because they do change them extremely frequently. I'm going to give an example of the last 24 hours: We had the announced rate on imports from the Philippines from 20 percent to 19 percent, the rate on imports from Indonesia went from 32 to 19, the rate on Japan went from 25 to 15. None of those are legal changes. They've not published, “Here's the comprehensive list of exactly what we're changing, exactly when these are going to go into effect, yada, yada, yada.” It's just stuff that administration officials or Trump, in particular, said. So it's really hard to know with any certainty what's going on.Even just this morning, the Financial Times had a good article basically saying that the US and the European Union are close to a quote-unquote “deal” where the tariffs on the EU would be at 15 percent. Then literally 30 minutes ago, Peter Navarro is on TV and he's like, “I would take that with a grain of salt.” So I don't know. Clearly some people internally know. This is actually the longest period of time that Trump has gone without legally changing the tariffs since he was inaugurated. 28 days was the previous record.Normally — I'll give an example of the last Trump administration — what would happen is you'd have, “Hey, we are doing this Section 301 investigation against China. This is a legal procedure that you say that the Chinese government is doing ABC, XYZ unfair trade practices and we're going to retaliate by putting tariffs on these specific goods.” But you would have a very long list of goods at least a couple of months before the tariffs would take effect.It wasn't quite to this degree, I don't want to make it sound like Trump won, everything was peachy keen, and there was no uncertainty. Trump would occasionally say something and then it would change the next week, but it was much more contained, and now it's like all facets of trade policy.I think a really good example was when they did the tariffs on China going from 10 to 20 to then 145 percent, and then they had to come back a week later and be like, “We're exempting smartphones and certain types of computers.” And then they came back a week after that and were like, “We're exempting other types of electronics and electronic parts.” It does not take an expert to know that smartphones come from China. It's on the package that Apple sends you. And if you were very strategically planning this out, if you were like, “Well, are going to do 150 percent tariffs on China,” that would be one of the first questions someone would be like, “Well, people are going to notice if their iPhone prices go up. Have we thought about exempting them?”During Trump's first term — again, you can take this as political or economic strategy — they mostly focused a lot of the tariffs on intermediate goods: computer parts, but not computers; brakes, not cars. That has more complicated economic costs. It, on balance, hurts manufacturing in the United States more and hurts consumers less, but it's clearly trying to set up a political salience. It's trying to solve a political salience problem. People notice if the specific things that they associate with other countries go up in price, even if those aren't their most important export. There's been much less of that this time around.We're doing tariffs on coffee and bananas. I complain about that all the time, but I think it is useful symbolism because, in an administration that was less concerned about political blowback, you'd be like, “Oh yeah, give me a list of common grocery items to exempt.” This is much less concerned with that blowback and much more slap-dash.Tariffs as a political tool (12:10). . . we're now in the process of sending out these quote-unquote “letters” to other countries threatening higher tariffs. It doesn't seem to me like there's a rhyme or reason why some countries are getting a letter or some countries aren't.I think there's a lot of uncertainty in interpreting administration statements, since they can change basically overnight. Even if the policy seems settled, unexpected events — like, oh, I don't know, a there's a trial of a politician who Trump likes in another country and all of a sudden there's a tariff to nudge that country to let that politician go. If the president views tariffs as a universal tool, he may use them for unpredictable, non-economic reasons, making it even harder to analyze, I would think.I think that's exactly right, and if you remember very early on in the Trump administration, the Columbian government did not want to take deportees on military aircraft. They viewed this as unjust treatment of Columbian nationals, and then Trump was like, “I'm going to do a 20, 30 percent tariff,” whatever the number was, and then that was resolved the next day, and then we stopped doing the military flights two weeks after that. I think that was a clear example . . . Columbia is an important US trading partner, but there's a lot more who are larger economies, unfortunately for Columbia.The example you're giving about Brazil is one of the funnier ones because . . . on April 2nd, Trump comes out and says, “We're doing reciprocal tariffs.” If you take that idea seriously, we should do tariffs against countries that employ unfair trade practices against US exports. You take that idea seriously, Brazil should be in your top offender categories. They have very high trade barriers, they have very high tariffs, they have domestic industrial policy that's not super successful, but does clearly hurt US exports to the region. They got one of the lowest tariff rates because they didn't actually do it by trade barriers, they did it by a formula, and Brazil happens to export some oil, and coffee, and cashews, and orange juice to the United States more than they buy from us. That was the bad formula they did looking at the bilateral trade deficit.So you come back, and we're now in the process of sending out these quote-unquote “letters” to other countries threatening higher tariffs. It doesn't seem to me like there's a rhyme or reason why some countries are getting a letter or some countries aren't. We sent one to Libya, which is not an important trading partner, and we sent one to the Philippines, which is. But the letter to Brazil is half, “Okay, now we remembered that we have these unfair trade practices that we're complaining about,” and then it's half, “You have to let Jair Bolsonaro go and stop prosecuting him for the attempt to stay in power when he lost the election.”It's really hard to say, okay, what is Lula supposed to do? It's one thing to be like, economically, a country like Brazil could lower its tariffs and then the United States would lower its tariff threat. You'd still be worse off than you were at the start of the year. Tariffs would still be higher, trade barriers would still be higher, but they'd at least not be as bad as they could be. But tying it up in this political process makes it much less clear and it's much harder to find an internally consistent push on the political thing. There are out-and-out dictatorships that we have very normal trade relationships with. I think you could say we should just trade with everybody regardless their internal politics, or you could say trade is a tool of specific political grievances that we have, but neither of those principles are being applied consistently.As a business owner, totally separate from the political considerations, is it safe to import something from Mexico? Is Trump going to get upset at Claudia Sheinbaum over internal political matters? I don't know. He was upset with Justin Trudeau for a long period of time. Trudeau got replaced with Mark Carney, who is not exactly the same political figure, but they're in the same party, they're very similar people, and the complaints from Trump have dropped off a cliff. So it's hard to tell what the actual impulse is. I follow this stuff every day, and I have been wrong so many times, it is hard to count. I'll give an example: I thought Trump, last month, was like, “We're going to do 50 percent tariffs on the European Union.” And in my head I was like, “Oh, this makes sense.”With every other major trading partner, we go from a baseline level, we raise to a very large level, we keep that on for a very short amount of time, and then we lower back down to a level that is much higher than what we started at, but much lower than what was in practice. We went from average 20 percent-ish tariffs on China, we went from that to average 40 percent-ish tariffs, and then we went into the mid-100s, and now we're back down to average 50 percent-ish tariffs on China if you count stuff from Trump's first term.So I was like, “Oh, they paused this for 90 days, they're going to come back and they're going to say, ‘Well, everyone except the European Union, everyone except Japan, everyone except Brazil is doing really well in negotiations. We're going to raise tariffs on Brazil to 50 percent for a week and then we're going to lower them back.'” And that was obviously just wrong. They just kicked the can down the road unceremoniously.The goal: higher tariffs (17:53)It's not as though Donald Trump has a specific vision of what he wants the tariff rates to look like in five years, at a number level, per country per good. It's that he wants them to be higher.Do you feel that you have a good understanding, at this point, about what the president wants, ultimately, out of his trade policy?I do. In one word, he wants tariffs to be higher. Beyond that, all of the secondary goals are fungible. Recently, the White House has been saying, “Oh, tariffs don't raise prices,” which is an economic conjecture I think is empirically wrong. You can look at pre- and post-tariff import prices, post-tariff prices are up. It's not a 100 percent being passed through to consumers, but you can see some of that passed through in stuff like toys, and audio equipment, and coffee, and yada, yada.Point being, if you believe that conjecture, then it really can't industrialize the nation because it's implying that foreigners are just absorbing the costs to continue passing products that they make in Japan, or China, or Canada, into the United States. And then inversely, they'll say, “Well, it is industrializing the nation. Look at this investment, this factory that's being built, and we think it's because of the tariffs.”Well, if that's happening, it can't raise revenue. And then they'll come back and say, “Well, actually, it's fixing the budget deficit.” If that's happening, then you're in the worst of both worlds because it's raising prices and you're still importing stuff. So it's hard to find an internally consistent justification.Part of my mental model of how this White House works is that there's different camps on every issue, and it's very much not a consensus institution on policy, but it's also not a top-down institution. It's not as though Donald Trump has a specific vision of what he wants the tariff rates to look like in five years, at a number level, per country per good. It's that he wants them to be higher.He has this general impulse that he wants to reduce trade openness, and then somebody comes up to Trump and goes, “Hey, Mr. President, we should do 25 percent tariffs on cars. Remember where they come from?” And he goes, “That's a good idea.”And then somebody comes up to him and goes, “Hey, Mr. President, we should do a 10 percent baseline tariff on everything that comes into the United States.” And he goes, “That's a good idea.”And then somebody goes and says, “Hey, Mr. President, we should do a tariff that's reciprocal that's based on other countries trade barriers.” And he goes, “That's actually a good idea.”Those are very, very wildly different goals that are conflicting, even in just that area. But it's not that there's one vision that's being spread across all these policies, it's that there's multiple competing visions that are all getting partially implemented.An AI tailwind (20:42)This is the one area where it's only American companies that dominate, and the depth is so high that [other countries] feel like they're not even competing.I see AI as a potential tailwind toward productivity gains, but my concern is that any positive impact may only cancel out the headwinds of current trade and immigration policies, rather than accelerating growth. Is it a big enough tailwind?I do think it's a tailwind, and the US has several distinct advantages specific to AI. The first being that most of the companies that are major players, both from a software-development and from an infrastructure-development point of view, are in the United States. We are here in the DMV, and this is the largest data center cluster on planet Earth, which is kind of crazy that it's in Loudoun County. But that kind of stuff is actually very important. Secondarily, that we have the depth of financing and the expertise that exists in Silicon Valley that is so rare across the rest of the world. So I am optimistic that it will increase GDP growth, increase productivity, maybe not show up as a growth in productivity growth immediately, if that makes sense. Not quite an acceleration, but definitely a positive tailwind and a tailwind that is more beneficial in the United States than it is in other countries.The counter to that is that the AI stuff is obviously not constrained by borders to even a nominal degree, at this point. The fact that everyone talks about DeepSeek, for obvious reasons, but there are tons of models in the Gulf States, in Western Europe, in Australia, and you can access them all from anywhere. The fact that you can access ChatGPT from Europe means that not all the benefits are just captured in the narrow area around open AI headquarters in San Francisco.The secondary thing is that, in my opinion, one of the most important reasons why the United States continues to benefit from this high-tech economy that most other high-income countries are extremely jealous of — you talk to people from Europe, and Japan, and even places like Canada, the prize that they're jealous of is the stuff in Silicon Valley, because they feel like, reasonably, they can make cars and do finance just as well as the Americans. This is the one area where it's only American companies that dominate, and the depth is so high that they feel like they're not even competing. Anyone who wants to found a company moves to San Francisco immediately, but that relies on both a big research ecosystem and also a big immigration ecosystem. I don't know if you saw the Facebook superstars that they're paying, but I believe it was 50 percent non-American-born talent. That's a really big advantage in the United States' case that lots of people want to move to the US to found a company to work for some of these big companies. I don't think that's demolished, but it's clearly partially under threat by a lot of these immigration restrictions.The other important thing to remember is that even though the president's most controversial immigration policies are all about undocumented immigrants, and then to a lesser extent, people who are documented asylees, people who are coming from Haiti, and El Salvador, Venezuela, et cetera, the biggest direct power that they have is over legal immigration, just from a raw numerical standpoint. So the idea that they want to cut back on student visas, they want to cut back on OPT, which is the way that student visas basically start working in the United States, they want to add more intensive restrictions to the H-1B program, those are all going to undermine the benefits that the US will get from having this lead in artificial intelligence.The last thing that I'll say to wrap a big bow around this: We talked about it before, I think that when Trump was like, “We're doing infinity tariffs April 2nd,” there were so many bits of the computer ecosystem that were still tariffed. You would've had a very large tariff on Taiwanese computer parts, which mostly is very expensive TSMC equipment that goes into US data centers. I think that Jensen Huang — I don't know if he personally did this . . . or it was the coalition of tech people, but I am using him as a representative here — I think Jensen Huang went in and was like, “We really badly need this,” and they got their exemption. The Trump administration had been talking about doing tariffs on semiconductors at some point, I'm sure they will come up with something, but in the meantime, right now, we are importing absolute record amounts of large computers. It's at a run-rate of close to $150 billion a year.This is not all computers, this is specific to the kind of large computers that go into data centers and are not for personal or normal business use. I don't know what happens to that, let's say a year and a half from now, if the tariffs are 25 percent, considering how much of the cost of a data center is in the semiconductors. If you're going to have to then say, “Well, we would really like to put this somewhere in Virginia, somewhere in Pennsylvania, somewhere in Arizona, but you have a 25 percent premium on all this stuff, we're going to put it in Vancouver. We're going to put it in somewhere in the Gulf States,” or what I think the administration is very worried about is, “We're going to put it somewhere in China.” That chart of US computer imports, in trade policy, it's really rare to get a chart that is just a straight line up, and this is just a straight line up.On sale everywhere The Conservative Futurist: How To Create the Sci-Fi World We Were PromisedMicro ReadsPlease check out the website or Substack app for the latest Up Wing economic, business, and tech news contained in this new edition of the newsletter. Lots of great stuff! Faster, Please! is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit fasterplease.substack.com/subscribe
YOUR AUNTIES COULD NEVER NEW EPISODE | 247This week your favourite Aunties AK Farrah and Nana are joined by Mr Outside himself Marvin Abbey of 3 Shots of Tequila podcastMarvin helps the Aunties take on this week's Enemies of Progress
This week on Taking Stock Susan Hayes Culleton talks to David M Walker, a former Comptroller General of the United States, about the current state of American economics. Susan also looks at the economics of ‘food labelling'. Plus, Jamie Smyth of the Financial Times talks about Big Oil's possible pivot back to fossil fuels.
We moeten het echt hebben over Elon Musk. Hoe lang moet Tesla nog onder hem lijden? Voor een tweede keer op rij daalt de omzet - en flink ook. Wanneer het beter wordt, dat weet hij ook niet. Terwijl hij zelf voor heel wat problemen persoonlijk verantwoordelijk is.Beleggers schrikken van de cijfers (en de sombere vooruitzichten) en dumpen het aandeel. Tesla is het slechtst presenterende techbedrijf dit jaar op de beurs. Deze aflevering staan we uitgebreid stil bij de problemen van het bedrijf. Met de belangrijkste vraag: hoe lang mag Musk nog blijven aanmodderen? Blij werden beleggers wél van de cijfers van Alphabet, eigenaar van Google. Dat overtreft de omzet- en winstverwachting. Als klap op de vuurpijl gaat het bedrijf even 10 miljard dollar méér investeren. Christine Lagarde gaat juist even rustig aan doen. De baas van de Europese Centrale Bank verlaagde zeven keer op rij de rente, maar laat die nu voor wat het is. Ze maakt zich zorgen, zegt ze. Over de ‘uitzonderlijk onzekere’ situatie. Welke dat is, vertellen we je.Hebben we het ook over: Een beursbedrijf dat civiel én strafrechtelijk onderzocht wordt De meest geavanceerde Nvidia-chips komen tóch China in Besi maakt beleggers blij met hun blije outlook En het stopt niet met goed nieuws: SK Hynix boekt een recordwinst! See omnystudio.com/listener for privacy information.
A version of this essay has been published by firstpost.com at https://www.firstpost.com/opinion/shadow-warrior-air-india-crash-how-to-spin-doctor-and-peddle-narratives-the-western-way-13912025.html There has been a virtual masterclass lately in the creation and dissemination of biased narratives. Not only in the case of the ill-fated Air India 171 (Boeing 787, June 12, 2025) that crashed, but also in some other, unrelated instances. The age-old practices of "truth by repeated assertion" and "dubious circular references" as well as "strategic silence" have all been deployed in full force.The bottom line with the Air India flight: there is reasonable doubt about whether there was mechanical/software failure and/or sabotage or possible pilot error. Any or all these caused both engines to turn off in flight. But the way the spin-doctors have spun it, it is now "official" that the commanding pilot was suicidal and turned off the fuel switch. Boeing, the plane maker, and General Electric, the engine maker, are blameless.This is, alas, not surprising. It is in the interests of western MNCs to limit reputational damage and monetary loss related to their products. They do massive marketing by unleashing their PR agencies. We also saw how they protect themselves in other instances. A leaked Pfizer contract for their Covid vaccine insisted that if anything happened, it was the user's problem, not Pfizer's: there was no indemnity.Incidentally, a report on July 19th said that the Pfizer COVID vaccine can lead to severe vision problems. Oh, sorry, no indemnity.What is deplorable in the Air India case is that the AAIB, the Indian entity investigating the disaster, chose to release a half-baked preliminary report with enough ambiguity that a case could be (and definitely was) built up against the poor dead pilots. Any marketing person could have read the report and told them that it would be used to blame the pilots and absolve the manufacturers.Besides, the AAIB report was released late night on a Friday India time, which meant that the western media had all of one working day to do the spin-doctoring, which they did with remarkable gusto. Meanwhile the Indian media slept. Whose decision was this? Clearly, Indian babus need a remedial course in public relations if this was mere incompetence. Of course, if it was intentional, that would be even worse.There is a pattern. In earlier air accidents, such as the Jeju Air crash involving a Boeing 737-800 in South Korea in December, the pilots were blamed. In accidents involving Lion Air (Boeing 737 Max 8, 2018), China Airlines (737 200, 1989), Flydubai (737 800, 2016), ditto. I am beginning to believe that a lot of Asian pilots are poorly trained and/or suicidal. Ditto with the F-35 that fell into the ocean off Japan.Truth by repeated assertion is a powerful force for gaslighting the gullibleI wonder what excuses we'll hear about the Delta Airlines Boeing 767 whose engine caught fire in the air after take-off from LAX on July 20th. The pilots didn't die so they will speak up. Besides, they were westerners. I am eagerly awaiting the spin on this.I also noticed with grim amusement how the BBC, WSJ, Bloomberg and Reuters and so on were busy quoting each other to validate their assertions. This is a standard tactic that India's distorians (see Utpal Kumar's powerful book 'Eminent Distorians') have perfected: B will quote third-hand hearsay from A, then C will quote B, D will quote C, and before you know it, the hearsay has become The TRUTH. But if you wind it back from D to C to B to A it becomes, "I hear someone told someone that xyz happened". Out of thin air, then.There is also the lovely tactic of strategic silence. It has been used to un-person people who ask inconvenient questions. It has also been used to defenestrate inconvenient news. Just days ago, under the Deepstate-installed new regime in Syria, hundreds of minority Druze were brutally massacred. There was video on X of armed men in uniform forcing Druze men to jump off tall buildings, and desecrating their shrines.Similary, there is a brutal reign of terror, rape, murder and thuggery against Hindus, Buddhists and others under the Deepstate-blessed regime of Mohammed Yunus in Bangladesh: a clear genocide. Neither Syria nor Bangladesh gets any headlines. There are no loud human-rights protests as in the case of Gaza. This is not news. It is un-news."Manufacturing Consent" all the way.India is particularly vulnerable to this gaslighting because Indians consume a lot of English-language 'news'. Scholars have long noted how the US public has been maintained in a state of ignorance so they could be easily manipulated. The same is true of the Indian middle class. So there is yet another reason to do less in English. Fooling, say, the Chinese or Japanese public is a lot more difficult.The fact is that even though Indians may be literate in English, they do not understand the context and the subtext of what is fed to them by the likes of The Economist, NPR, The Financial Times, the New York Times, etc. The best way I can explain this is the 100+5 analogy in the Mahabharata: they may fight with each other on domestic matters, but Anglosphere and Deepstate are in cahoots when it comes to international matters.Things are both getting better and getting worse. On the one hand, social media and its imprint on generative AI mean that it is ever easier to propagate fake news (in addition to deepfake audio and video, of course). On the other hand, despite the problem of charlatans and paid agents provocateurs getting lots of eyeballs, the large number of Indians on social media may push back against the worst kinds of blood libel against India and Indians, of which there's plenty these days often created by bots from 'friendly' neighbors.This is a serious matter indeed. One solution is to do a version of the Great Chinese Firewall and ban wholesale the worst offenders. Indeed, a few of the vilest handles have been ejected from X. However, the pusillanimity with which notorious Pakistani handles were unbanned, then re-banned after outrage, shows there's something rotten in the Information Ministry. Almost exactly the same as the unbanning of Pakistani cricketers, then rebanning after outrage. Is there anybody in charge?Information warfare is insidious. Going back to the Air India case, I think the families of the maligned pilots should sue for gigantic sums for libel and defamation. The sad state of the Indian judiciary may mean that, unfortunately, this will not go far. However, there is precedent: Lee Kwan Yew in Singapore used to terrorize villainous western media by suing them in his courts. They learned to toe the line.If this tactic does not work, India should eject the hostile media. The Indian market is increasingly important to western media (not vice versa) because soon there will be more English-reading consumers in India than in the Five Eyes Anglosphere. I should say that in quotes because as I said above, most Indians are blissfully unaware of the hidden agendas, and naively believe them. But "Judeo-Christian" culture is very different from Dharmic.I keep getting emails from the New York Times with tempting offers to subscribe to them for something really cheap like Rs. 25 a month. They need Indian readers. I have been shouting from the rooftops for years that one of these charlatan media houses needs to be kicked out, harshly, with 24 hours notice to wind up and leave. As in the Asian proverb, "kill the chicken to scare the monkeys". The monkeys will notice, and behave. Otherwise the information warfare is just going to get worse.1290 words, Jul 22, 2025 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit rajeevsrinivasan.substack.com/subscribe
Europa en Amerika naderen elkaar over een handelsdeal, zo melden verschillende internationale media waaronder Politico, de Financial Times en Reuters. Met die deal gaat Amerika vijftien procent aan invoerrechten heffen op Europese producten. Volgens Koen Verhelst, verslaggever internationale handel bij Politico, is dit geen overwinning voor Europa. 'Dit is slechter dan de status quo die er was.' Luister ook | Fors hoger EU-budget: ‘Je kan grote bedragen besparen als je het gezamenlijk uitgeeft’ 'Een official vergeleek het met een rotte vis die door de Amerikanen op tafel is gegooid. Het enige wat je dan doet is die rotte vis van tafel proberen te krijgen omdat je van de stank af wil, maar voor de rest los je niks op', zegt Verhelst. Ook blijven er veel dingen onduidelijk over wat er nou wel en niet onder die heffingen gaat vallen. Wel ziet het er naar uit dat onderdelen van de Franse vliegtuigbouwer Airbus welkom blijven in de VS. Lees ook | China en EU gaan samenwerken in strijd tegen klimaatverandering Gespannen relatie tussen Europa en China Europa en China vieren dat ze 50 jaar diplomatieke banden met elkaar hebben, maar eigenlijk valt er bar weinig te vieren. China houdt de export van zeldzame aardmetalen naar Europa tegen en ‘wij’ komen steeds verder achterop te liggen. Von der Leyen en Costa waren in Beijing te gast, maar eigenlijk was het de beurt aan president Xi om naar ons toe te komen, maar daar had hij geen zin in. Volgens CDA-Europarlementariër Tom Berendsen zijn we heel erg naïef geweest over China, maar de maatregelen die Europa nu neemt om zijn concurrentiepositie tegenover China te versterken gaan voor hem nog niet ver genoeg. Luister ook | #271: Zelensky en zijn anticorruptiewet: Oekraïners houd je niet voor de gek Zelensky onder druk De Oekraïense president Zelensky ligt zwaar onder vuur vanwege zijn anticorruptiewet in Oekraïne. Hij gaat de wet nu aanpassen, maar het is nog maar de vraag of hij de geest daarmee in de fles krijgt. Ook spraken Rusland en Oekraïne elkaar weer eens over een einde van de oorlog, maar dat overleg duurde welgeteld één uur. Daarover Europa-verslaggever Geert Jan Hahn. Luister ook | Amerika Podcast Epstein frustreert Trump steeds meer | Postma in Amerika Er komen steeds meer berichten over frustratie in het Witte Huis over de aanhoudende aandacht voor de zaak-Epstein. En daarom wijst Trump weer eens naar zijn oude rivaal, voormalig president Barack Obama.See omnystudio.com/listener for privacy information.
What if the things we sideline in the pursuit of success—care, connection, and personal struggles—are what could actually lead us to clarity and purpose? In a culture that celebrates achievement and autonomy, have we overlooked the connective tissue that quietly holds our lives and systems together? Could personal transformation also be the key to transforming how we lead, live, and rebuild the world around us?Find out from Anne-Marie Slaughter, exclusively in conversation with Dr. Hitendra Wadhwa on Intersections Podcast.Anne-Marie Slaughter is a global leader, educator, foreign policy expert, public intellectual and the CEO of New America, a “think and action tank” dedicated to realizing the promise of America in an era of rapid technological and social change. In 2009, Hillary Clinton appointed her as the first woman Director of Policy Planning in the U.S. State Department. She has been a professor at University of Chicago Law School, Harvard Law School and Princeton University, and has written and lectured widely on very relevant topics, including global network design and leadership, gender equality and elevating the value of care for both men and women, and on American renewal. Anne-Marie is a regular columnist for Project Syndicate, a contributing editor to the Financial Times, appears regularly on CNN, BBC, NPR, and PBS, and author of several books including The Idea that Is America, Unfinished Business, and Renewal: From Crisis to Transformation in Our Lives, Work, and Politics.In this episode, Anne-Marie reveals:- How stepping away from power may bring unexpected clarity about who we are and our purpose in the world- Why caregiving—long dismissed as peripheral—may hold more influence than we've been taught to believe- A deeper path of renewal that can reshape not only individuals but also the systems within which we live and lead
We discuss the increasing possibility of a boycott of the FT's rankings by U.S. MBA programs.
Adam Gaffney, co-author of a recent article for the New York Review of Books, looks at Trump & Co.'s dismantling of health care and research. Also on the podcast, Alan Beattie of the Financial Times tries to make sense of Trump's nonsensical trade policy. Behind the News, hosted by Doug Henwood, covers the worlds of economics and politics and their complex interactions, from the local to the global. Find the archive online: https://www.leftbusinessobserver.com/radio.html
Today he's one of the most wanted men in the world, but before Jan Marsalek fled to Russia, he was the COO of payment-processing firm Wirecard. Officials and investigators say Marsalek used the company to finance Moscow's covert operations and spy networks in Africa and Europe. In 2020, nearly €2 billion vanished from Wirecard, along with Marsalek. Financial Times reporter Sam Jones has been uncovering new details through his reporting on Season 3 of Hot Money: Agent of Chaos. To hear more, listen to Season 3 of Hot Money: Agent of Chaos on Apple, Spotify, or wherever you get your podcasts. If you liked this episode, check out these links: Russia's Fake Identity Assembly Line in Brazil | SpyCast "The Minions": Putin's Expendable Spies | SpyCast Russian Assassinations in the UK: Inside Three Notorious Cases with Historian Nigel West Curator's Corner: Kevin P. Riehle on Russian Intelligence Prefer to watch your podcasts? Find us on YouTube at https://www.youtube.com/@IntlSpyMuseum/podcasts. Subscribe to Sasha's Substack, HUMINT, to get more intelligence stories: https://sashaingber.substack.com/ And if you have feedback or want to hear about a particular topic, you can reach us by E-mail at SpyCast@Spymuseum.org. This show is brought to you from Goat Rodeo, Airwave, and the International Spy Museum in Washington, DC. Learn more about your ad choices. Visit megaphone.fm/adchoices
Catherine is up with the sparrows to talk to people starting the week with work and some good intentions. ---Named 'Podcast of the Year' by Radio Times and picked as 'Best Podcasts of the Year 2023' by the Financial Times, Observer, Pod Bible and The Week. ---The conversations that follow are always unpredictable: sometimes funny, sometimes heart-breaking, silly, romantic or occasionally downright ‘stop-you-in-your-tracks' surprising. Catherine's been travelling and recording since 2014. Be transported to places around the world and into the lives of others: You just never know what story is coming next…Join our Where Are You Going? Club for bonus audio, exclusive behind the scenes content and a chance to interact with Catherine, the production team and other club members.Find out more at www.whereareyougoing.co.uk/clubWe're actively seeking brand partners and sponsors and would love to talk to you. Please email us at whereareyougoing@loftusmedia.co.uk---Presented by Catherine CarrProduced by the team at Loftus MediaMusic by Edwin PearsonFollow whereareyougoing on InstagramCheck out our site: whereareyougoing.co.ukSend us an email: whereareyougoing@loftusmedia.co.uk Hosted on Acast. See acast.com/privacy for more information.
*Hosted by Radu Palamariu*In this episode, we dive into one of the most consequential supply chain narratives of our time: how Apple became the single largest private contributor to China's tech rise. Patrick McGee, a longtime Financial Times reporter and author of Apple in China, joins me to unravel the $55B-a-year investments, the Foxconn partnership that transformed Shenzhen, and why Apple today is more than just a tech company, but also a geopolitical force. We explore themes of industrial statecraft, shareholder capitalism, and how Apple's operations shaped an entire nation's industrial future.Discover more details here.Follow us on:Instagram: http://bit.ly/2Wba8v7Twitter: http://bit.ly/2WeulzXLinkedin: http://bit.ly/2w9YSQXFacebook: http://bit.ly/2HtryLd
JPMorgan Chase overweegt cryptovaluta te accepteren als onderpand voor leningen, meldt de Financial Times. Klanten zouden op die manier leningen kunnen afsluiten met hun cryptovaluta als onderpand. Het duidt op een enorme koerswijziging van de behoorlijk traditioneel ingestelde zakenbank ten aanzien van de oprukkende digitale-activaeconomie. See omnystudio.com/listener for privacy information.
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2665: James Altucher explores the emotional toll of being publicly criticized and offers hard-won wisdom on how to navigate hatred without losing your sense of self. With raw honesty and practical advice, he shows that resilience, detachment, and a commitment to helping others are more powerful than trying to change the minds of those who judge or attack you. Read along with the original article(s) here: https://jamesaltucher.com/blog/when-people-hate-you/ Quotes to ponder: "You've known me for decades. How could you possibly think that?" "They are afraid their view of the world is wrong." "Learning to ignore the haters, not fight them, and just take the very next steps, is the key to success." Episode references: CNBC: https://www.cnbc.com/ Yahoo! Finance: https://finance.yahoo.com/ The Financial Times: https://www.ft.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
The Intuitive Customer - Improve Your Customer Experience To Gain Growth
In this episode of The Intuitive Customer, Colin Shaw speaks with Andy Traba, VP of Product Marketing at NICE, about the company's new mission: Creating a NiCE World. This isn't just a rebranding message — it's a strategic shift toward unified, proactive, and AI-enabled customer experiences. Andy and Colin explore why AI alone isn't enough, the dangers of siloed implementations, and why leading organizations are turning to platforms — not point solutions — to orchestrate connected, emotionally resonant journeys. If your organization is serious about CX transformation, this conversation provides clear guidance on where to start, what to avoid, and how to align internal functions toward a shared customer strategy. Quote of the Episode “The moment you find success with AI, you'll want more. That's why you have to start with a platform — not a point solution — so your entire organization can scale, align, and deliver a truly connected experience.” — Andy Traba, VP of Product Marketing, NiCE
Are we slipping in our intellectual abilities? Have we lost the ability to read, reason, analyze, and more importantly pay attention? Over the past decade we have seen a deluge of challenges – from Covid and its disruptive effect on education, to the rising use of screens and smart phones to the more recent threat from LLMs and an increasingly proficient set of AI tools that threaten to compete with and ultimately replace humans in almost every dimension. Each of these threats is nuanced and subjective, but we are starting to see patterns emerge in terms of the impact on our attention span, and ability to think critically and absorb new information. I'm delighted to welcome Carolina Pacheco-Punceles to the podcast. She is a Behavioral Economist, AI Survival Kit Creator, Executive Function Strategist and her Linked In bio states that she is Equipping Humans with the Skills to Think Clearly, Lead Wisely & Thrive in a Disrupted World. We connected over linked In when responding to a post by Jonathan Haidt about the erosion of attention spans and the ability to pay attention, and shared experiences about how we could address this slide. In this special two-part series we first look at some of the data and recent findings around the erosion of our attention spans and ability to reason and process complex data.Part 2 then will set out various techniques that we have found to try to address this slide. Here in part one we talk about the problem – and discuss this article from the Financial Times that triggered our discussion Have humans passed peak brain power? https://www.ft.com/content/a8016c64-63b7-458b-a371-e0e1c54a13fc We ask if intelligence is a capacity to understand and question why performance in reasoning and problem solving tests is declining. We look at another article which reveals that the percentage of fourth graders who score below basic in reading skills on the National Assessment of Educational Progress tests is the highest it has been in 20 years. https://www.nytimes.com/2025/04/10/opinion/education-smart-thinking-reading-tariffs.html?smid=li-share Our discussion continues into the general slide in literacy in cognitive function and set up for Part 2, when we discuss some of the potential ways to address this.
On this special episode of the Walker Webcast, recorded live at the Walker & Dunlop Summer Conference, guest host Gary Pinkus — Walker & Dunlop board member and former Chairman of McKinsey & Company — sits down with Gillian Tett, award-winning journalist, author, Chair of the Financial Times' Editorial Board, and Provost of King's College, Cambridge. You won't want to miss Gillian's unique perspective on everything from the global repercussions of the Trump presidency and the use of tariffs as a political lever, to shifting ESG narratives, varying attitudes about AI worldwide, the politicization of higher education, and what all this means for the future of real estate. Learn more about your ad choices. Visit megaphone.fm/adchoices
Einstein's Fridge: How the Difference Between Hot and Cold Explains the Universe (Scribner, 2021) tells the incredible epic story of the scientists who, over two centuries, harnessed the power of heat and ice and formulated a theory essential to comprehending our universe. “Although thermodynamics has been studied for hundreds of years…few nonscientists appreciate how its principles have shaped the modern world” (Scientific American). Thermodynamics—the branch of physics that deals with energy and entropy—governs everything from the behavior of living cells to the black hole at the center of our galaxy. Not only that, but thermodynamics explains why we must eat and breathe, how lights turn on, the limits of computing, and how the universe will end.The brilliant people who decoded its laws came from every branch of the sciences; they were engineers, physicists, chemists, biologists, cosmologists, and mathematicians. From French military engineer and physicist Sadi Carnot to Lord Kelvin, James Joule, Albert Einstein, Emmy Noether, Alan Turing, and Stephen Hawking, author Paul Sen introduces us to all of the players who passed the baton of scientific progress through time and across nations. Incredibly driven and idealistic, these brave pioneers performed groundbreaking work often in the face of torment and tragedy. Their discoveries helped create the modern world and transformed every branch of science, from biology to cosmology.“Elegantly written and engaging” (Financial Times), Einstein's Fridge brings to life one of the most important scientific revolutions of all time and captures the thrill of discovery and the power of scientific progress to shape the course of history. 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
Day 1,239.Today, as mass attacks struck Ukraine overnight, we continue analysing the latest developments from Washington as Trump, when probed by reporters, seemed to shy away from the promises he'd made to Zelensky on July 4th. Finally, we have a conversation with Ukrainian Cultural Forces on the role of music in cultural diplomacy and in rehabilitation for wounded soldiers. Contributors:Adélie Pojzman-Pontay (Reporter and Producer). @adeliepjz on X.Joe Barnes (Brussels Correspondent). @Barnes_Joe on X.Content Referenced:Cultural Forces of Ukraine:https://culturalforces.org/en/Donald Trump asked Volodymyr Zelenskyy if Ukraine could hit Moscow, say people briefed on call (Financial Times)"https://www.ft.com/content/b66f03b5-e295-4f8c-92ba-516a527d588cIn squeezing Putin, Trump 'escalates to de-escalate' (Washington Post):https://www.washingtonpost.com/opinions/2025/07/14/trump-ukraine-war-missiles-russia-arms-package/SIGN UP TO THE NEW ‘UKRAINE: THE LATEST' WEEKLY NEWSLETTER:https://secure.telegraph.co.uk/customer/secure/newsletter/ukraine/ Each week, Dom Nicholls and Francis Dearnley answer your questions, provide recommended reading, and give exclusive analysis and behind-the-scenes insights – plus maps of the frontlines and diagrams of weapons to complement our daily reporting. It's free for everyone, including non-subscribers.Subscribe: telegraph.co.uk/ukrainethelatestEmail: ukrainepod@telegraph.co.uk Hosted on Acast. See acast.com/privacy for more information.
Fighting is intensifying inside Syria, after Israel launched a powerful series of airstrikes on the capital, Damascus. And as conflict in the Middle East escalates, Russia launched more massive air strikes on Ukraine. Christiane speaks with former British Intelligence chief John Sawers about an increasingly complicated global landscape. Also on today's show: Jason Furman, former Chairman, Council of Economic Advisers & Financial Times columnist Gillian Tett; Maryland Governor Wes Moore Learn more about your ad choices. Visit podcastchoices.com/adchoices
Top consulting firms have repeatedly found themselves facing a reputational crisis. The most recent example was in early July, when a Financial Times investigation revealed that Boston Consulting Group had modelled a plan to ‘relocate' Palestinians from Gaza after entering into a multimillion-dollar contract to help launch an aid scheme for the enclave. In this week's episode, the FT's US accounting editor, Stephen Foley, explains his reporting and examines what these events say about how effective the consulting industry's ability to avoid reputational scandals is. Clips from the UN - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:BCG modelled plan to ‘relocate' Palestinians from GazaInside Gaza's ‘death traps'The little-known group poised to take over Gaza's aidBCG gets caught up in a scandal in Gaza - - - - - - - - - - - - - - - - - - - - - - - - - - Follow Stephen Foley on X (@stephenfoley) and Bluesky (@stephenfoleyft.bsky.social). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
In this episode with renowned astrologer Rebecca Gordon, we explore the profound energetic and astrological shifts underway in 2025 and beyond. We dive deep into recent and upcoming astrological transits—from Neptune's move into Aries to Saturn's transit through Aries and all outer planets changing signs. We talk about what it truly means to take full responsibility for the dreams we are here to birth, the shadows we are here to alchemize, and the new systems we're here to co-create. We also explore: • The astrology of 2025-2027 • The significance of all outer planets changing signs • The shift between the Age of Pisces to the Age of Aquarius • The rise of telepathy and other forms of technology in the Age of Aquarius • The significance of Neptune and Saturn in Aries • The shadow of Aries energy—unhealed anger, aggression and how to work with repressed emotions in healthy ways • How harness powerful Aries energy - moving forward with courage • Reclaiming your highest, most aligned dreams • Sustainable ways of co-creating About Rebecca Gordon: Rebecca Gordon is a celebrated astrologer, renowned author, presenter and founder of the near 20 year running Rebecca Gordon Astrology School. From healing astrology readings to inspiring international retreats, classes, workshops, and conferences, Rebecca and her vibrant practice have helped thousands to align with their true life path. She has been gifted with the ability to translate cosmic symbols into everyday wisdom that is as transcendent as it is practical and actionable. She is the resident astrologer for Harper's Bazaar and has been featured in leading publications like The New York Times, The New Yorker, The Financial Times, Forbes, The Oprah Magazine and Vogue. She has also made television appearances on shows like Dr. Oz, CBS and CNN, among others. Connect with Rebecca: Download Rebecca's Free Guide to Sync your Life to the Moon: https://da264.infusionsoft.app/app/form/the-soul-collective
Day 1,238.Today, we analyse the widely-publicised announcements yesterday by President Trump in the White House, and consider just how significant they are. Is this a turning point? Then we hear from medical professionals providing services in the occupied territories.Contributors:Francis Dearnley (Executive Editor for Audio). @FrancisDearnley on X.Dominic Nicholls (Associate Editor of Defence). @DomNicholls on X.With thanks to Robert Hickin of the charity GP Now. @GPNow on X.Content Referenced:Learn More about GP Now:https://www.gpnow.net/ukrainian-crisiscare Trump asked Zelensky if Ukraine could strike Moscow (The Telegraph Live Blog)https://www.telegraph.co.uk/world-news/2025/07/15/ukraine-russia-war-trump-putin-zelensky-latest-news/ Trump tells Putin: Sign peace deal or face 100pc tariffs (The Telegraph)https://www.telegraph.co.uk/us/politics/2025/07/14/trump-tells-putin-sign-peace-deal-50-days-face-100pc-tariff/Donald Trump asked Volodymyr Zelenskyy if Ukraine could hit Moscow, say people briefed on call (Financial Times):https://www.ft.com/content/b66f03b5-e295-4f8c-92ba-516a527d588c Zelensky announces next prime minister, launches government reshuffle (Kyiv Independent): https://kyivindependent.com/breaking-zelensky-proposes-first-deputy-prime-minister-svyrydenko-to-lead-ukrainian-government/?mc_cid=30907a7fa9&mc_eid=08d0680a95 I'm 'disappointed but not done' with Putin, Trump tells BBC (BBC):https://www.bbc.co.uk/news/articles/c1e02q12z32o SIGN UP TO THE NEW ‘UKRAINE: THE LATEST' WEEKLY NEWSLETTER:https://secure.telegraph.co.uk/customer/secure/newsletter/ukraine/ Each week, Dom Nicholls and Francis Dearnley answer your questions, provide recommended reading, and give exclusive analysis and behind-the-scenes insights – plus maps of the frontlines and diagrams of weapons to complement our daily reporting. It's free for everyone, including non-subscribers.Subscribe: telegraph.co.uk/ukrainethelatestEmail: ukrainepod@telegraph.co.uk Hosted on Acast. See acast.com/privacy for more information.
This week on The Bulletin, Mike and Clarissa discuss the investigation into former President Joe Biden's cognitive acuity and his pardons in his last days in office. Then, they talk about the mass deportation of Afghan refugees from Iran. Finally, financial advisor David Bahnsen provides a 101 on the national debt, how the ‘One Big Beautiful Bill' will affect the debt, and what it would take to start paying it back off. GO DEEPER WITH THE BULLETIN: Take our survey for a chance to win a free sweatshirt. Join the conversation at our Substack. Find us on YouTube. Rate and review the show in your podcast app of choice. ABOUT THE GUESTS: David Bahnsen is the managing partner and chief investment officer of The Bahnsen Group, a wealth management firm based in Newport Beach, California. Bahnsen has been named as one of Forbes' Top 250 Advisors, Financial Times' Top 300 Advisors in America, and Barron's America's Top 1200 Advisors. ABOUT THE BULLETIN: The Bulletin is a twice-weekly politics and current events show from Christianity Today moderated by Clarissa Moll, with senior commentary from Russell Moore (Christianity Today's editor in chief) and Mike Cosper (director, CT Media). Each week, the show explores current events and breaking news and shares a Christian perspective on issues that are shaping our world. We also offer special one-on-one conversations with writers, artists, and thought leaders whose impact on the world brings important significance to a Christian worldview, like Bono, Sharon McMahon, Harrison Scott Key, Frank Bruni, and more. The Bulletin listeners get 25% off CT. Go to https://orderct.com/THEBULLETIN to learn more. “The Bulletin” is a production of Christianity Today Producer: Clarissa Moll Associate Producer: Alexa Burke Editing and Mix: Kevin Morris Music: Dan Phelps Executive Producers: Erik Petrik and Mike Cosper Senior Producer: Matt Stevens The communication in this episode is provided for informational purposes only and expresses views of David Bahnsen, an investment adviser. This does not constitute investment advice. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Today on the show, Fareed is joined by Alexander Gabuev, director of the Carnegie Russia Eurasia Center, to discuss the growing rift between Presidents Trump and Putin and what this means for the ongoing war in Ukraine. Next, the Financial Times' Rana Foroohar sits down with Fareed to speak about the implications of Trump's “Big, Beautiful Bill.” She says that poor MAGA voters may be hit the hardest by the cuts. Finally, chip designer Nvidia made history this week by becoming the first company to hit a $4 trillion valuation. CEO Jensen Huang joins the show for a wide-ranging conversation about the AI race between the US and China, the impact of AI on our jobs and how we can use AI in our everyday lives. GUESTS: Alexander Gabuev (@AlexGabuev), Rana Foroohar (@RanaForoohar), Jensen Huang Learn more about your ad choices. Visit podcastchoices.com/adchoices
We begin on a positive note by welcoming a “doer,” citizen extraordinaire, Jon Merryman, who couldn't stand the trash, especially old tires, being dumped in his neighborhood. So, he took it upon himself to clean it up and has now expanded his efforts across the country. Then co-president of Public Citizen, Robert Weissman, joins us to explain how spending in the recent bill passed by the Republican controlled Congress prioritizes the Pentagon and deportation enforcement at the expense of the social safety net, essentially trading life for death.Jon Merryman was a software designer at Lockheed Martin, who after retiring found his true calling, cleaning up trash in every county in America.When I first started looking at the environment next to my place of work, one of the things I did uncover was tires. And they were definitely there from the '20s, the '30s, and the '40s, they've been there for decades. And then just after a while, the soil and the erosion just covers them up. And you just discover them, and you realize this has been going on forever.Jon MerrymanNature is innocent. It really doesn't deserve what we've given it. And I feel like someone's got to step up to undo what we've done.Jon MerrymanRobert Weissman is a staunch public interest advocate and activist, as well as an expert on a wide variety of issues ranging from corporate accountability and government transparency to trade and globalization, to economic and regulatory policy. As the Co-President of Public Citizen, he has spearheaded the effort to loosen the chokehold corporations, and the wealthy have over our democracy.The best estimates are that the loss of insurance and measures in this bill will cost 40,000 lives every year. Not once. Every year.Robert Weissman co-president of Public Citizen on the Budget BillPeople understand there's a rigged system. They understand that generally. They understand that with healthcare. But if you (the Democrats) don't name the health insurance companies as an enemy, as a barrier towards moving forward. You don't say United Health; you don't go after a Big Pharma, which is probably the most despised health sector in the economy, people don't think you're serious. And partially it's because you're not.Robert WeissmanNews 7/11/251. This week, the Financial Times published a stunning story showing the Tony Blair Institute – founded by the former New Labour British Prime Minister and Iraq War accomplice Tony Blair – “participated” in a project to “reimagine Gaza as a thriving trading hub.” This project would include a “Trump Riviera” and an “Elon Musk Smart Manufacturing Zone”. To accomplish this, the investors would pay half a million Palestinians to leave Gaza to open the enclave up for development – and that is just the tip of the harebrained iceberg. This scheme would also involve creating “artificial islands off the coast akin to those in Dubai, blockchain-based trade initiatives…and low-tax ‘special economic zones'.” The development of this plot is somewhat shadowy. The FT story names a, “group of Israeli businessmen…including tech investor Liran Tancman and venture capitalist Michael Eisenberg,” who helped establish the Gaza Humanitarian Foundation in February 2025. GHF has been accused of using supposed aid distribution sites as “death traps,” per France 24. Boston Consulting Group, also named in the FT story, strongly disavowed the project, as did the Tony Blair Institute.2. In more positive news related to Gaza, the National Education Association – the largest labor union in the United States – voted this week to sever ties with the Anti-Defamation League. The ADL, once an important group safeguarding the civil rights and wellbeing of American Jews, has completely abandoned its historic mission and has instead devoted its considerable resources to trying to crush the anti-Zionist movement. The NEA passed a resolution stating that the NEA “will not use, endorse, or publicize materials from the Anti-Defamation League (ADL), such as its curricular materials or statistics,” because, “Despite its reputation as a civil rights organization, the ADL is not the social justice educational partner it claims to be.” Labor Notes writes that the ADL “has been a ubiquitous presence in U.S. schools for forty years, pushing curriculum, direct programming, and teacher training into K-12 schools and increasingly into universities.” One NEA delegate, Stephen Siegel, said from the assembly floor, “Allowing the ADL to determine what constitutes antisemitism would be like allowing the fossil fuel industry to determine what constitutes climate change.”3. Another major labor story from this week concerns sanitation workers in Philadelphia. According to the Delaware News Journal, AFSCME District Council 33 has reached a deal with the city to raise wages for their 9,000 workers by 9% over three years. The union went on strike July 1st, resulting in, “massive piles of trash piling up on city streets and around trash drop-off sites designated by the city,” and “changes to the city's annual Fourth of July concert with headliner LL Cool J and city native Jazmine Sullivan both dropping out,” in solidarity with the striking workers, per WHYY. The deal reached is a major compromise for the union, which was seeking a 32% total pay increase, but they held off on an extended trash pickup strike equivalent to 1986 strike, which went on for three weeks and left 45,000 tons of rotting garbage in the streets, per ABC.4. Yet another labor story brings us to New York City. ABC7 reports the United Federation of Teachers has endorsed Democratic Socialist – and Democratic Party nominee – Zohran Mamdani for mayor. This report notes “UFT is the city's second largest union…[with] 200,000 members.” Announcing the endorsement, UFT President Michael Mulgrew stated, “This is a real crisis and it's a moment for our city, and our city is starting to speak out very loudly…The voters are saying the same thing, 'enough is enough.' The income gap disparity is above…that which we saw during the Gilded Age." All eyes now turn to District Council 37, which ABC7 notes “endorsed Council speaker Adrienne Adams in the primary and has yet to endorse in the general election.”5. The margin of Mamdani's victory, meanwhile, continues to grow as the Board of Elections updates its ranked choice voting tallies. According to the conservative New York Post, Zohran has “won more votes than any other mayoral candidate in New York City primary election history.” Mamdani can now boast having won over 565,000 votes after 102,000 votes were transferred from other candidates. Not only that, “Mamdani's totals are expected to grow as…a small percent of ballots are still being counted.”6. Meanwhile, scandal-ridden incumbent New York City Mayor Eric Adams has yet another scandal on his hands. The New York Daily News reports, “Four high-ranking former NYPD chiefs are suing Mayor Adams, claiming they were forced to retire from the department after complaining that his ‘unqualified' friends were being placed in prestigious police positions, sometimes after allegedly bribing their way into the jobs.” Former Police Commissioner Edward Caban, who was already forced to resign in disgrace amidst a federal corruption investigation, features prominently in this new lawsuit. Among other things, Caban is alleged to have been “selling promotions” to cops for up to $15,000. Adams is running for reelection as an independent, but trails Democratic nominee Zohran Mamdani and disgraced former Governor Andrew Cuomo.7. Turning to the federal government, as the U.S. disinvests in science and technology, a new report published in the Financial Times finds that, “Almost three-quarters of all solar and wind power projects being built globally are in China.” According to the data, gathered by Global Energy Monitor, “China is building 510 gigawatts of utility-scale solar and wind projects… [out of] 689GW under construction globally.” As this report notes, one gigawatt can potentially supply electricity for about one million homes. This report goes on to say that, “China is expected to add at least 246.5GW of solar and 97.7GW of wind this year,” on top of the “1.5 terawatts of solar and wind power capacity up and running as of the end of March.” In the first quarter of 2025, solar and wind accounted for 22.5% of China's total electricity consumption; in 2023, solar and wind accounted for around 14% of electricity consumption in the United States, according to the U.S. Energy Information Administration.8. Developments this week put two key rules promulgated by the Federal Trade Commission under former Chair Lina Khan in jeopardy. First and worse, NPR reports the Republican-controlled FTC is abandoning a rule which would have banned non-compete clauses in employment contracts. These anti-worker provisions “trap workers and depress wages,” according to Connecticut Senator Chris Murphy, who has introduced legislation to ban them by statute. Perhaps more irritatingly however, Reuters reports the 8th U.S. Circuit Court of Appeals in St. Louis has blocked the so-called “click to cancel” rule just days before it was set to take effect. This rule would have, “required retailers, gyms and other businesses to provide cancellation methods for subscriptions, auto-renewals and free trials that convert to paid memberships that are ‘at least as easy to use' as the sign up process.” A coalition of corporate interests sued to block the rule, including the U.S. Chamber of Commerce and a trade group representing major cable and internet providers such as Charter Communications, Comcast and Cox Communications along with media companies like Disney and Warner Bros. Discovery. Lina Khan decried “Firms…making people jump through endless hoops just to cancel a subscription, trapping Americans in needless bureaucracy and wasting their time & money.”9. In another betrayal of consumers, Secretary of Health and Human Services Robert F. Kennedy Jr. continues to break promises and speak out of both sides of his mouth. A new report in NPR documents RFK Jr. speaking at a conference in April, where he “spoke about the health effects of exposure to harmful chemicals in our food, air and water…[and] cited recent research on microplastics from researchers in Oregon, finding these tiny particles had shown up in 99% of the seafood they sampled.” Yet Susanne Brander, the author of the study, had gotten word just an hour earlier that “a federal grant she'd relied on to fund her research for years…was being terminated.” Brander is quoted saying "It feels like they are promoting the field while ripping out the foundation." Ripping out the foundation of this research is felt acutely, as “regulators are weakening safeguards that limit pollution and other toxic chemicals.” So Mr. Secretary, which is more important – stopping the proliferation of microplastics or slashing funding for the very scientists studying the issue?10. Finally, in Los Angeles masked federal troops are marauding through the streets on horseback, sowing terror through immigrant communities, per the New York Times. President Trump mobilized approximately 4,000 National Guard members – putting them under federal control – alongside 700 Marines in response to protests against immigration raids in June. As the Times notes, “It has been more than three weeks since the last major demonstration in downtown Los Angeles,” but the federal forces have not been demobilized. While some have dismissed the shows of force as nothing more than stunts designed to fire up the president's base, Gregory Bovino, a Customs and Border Protection chief in Southern California told Fox News “[LA] Better get used to us now, cause this is going to be normal very soon.” As LA Mayor Karen Bass put it, “What I saw…looked like a city under siege, under armed occupation…It's the way a city looks before a coup.”This has been Francesco DeSantis, with In Case You Haven't Heard. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe
Day 1,233.Today, as Kyiv endures yet another mass aerial attack and Pres Zel arr in Rome for the annual Ukraine Recovery Conference, we report on espionage activities inside Ukraine, and later we talk to the Chief Adoption Officer of the NATO Innovation Fund.Contributors:Dominic Nicholls (Associate Editor of Defence). @DomNicholls on X.Francis Dearnley (Executive Editor for Audio). @FrancisDearnley on X.With thanks to John Ridge (Chief Adoption Officer of the NATO Innovation Fund).Content Referenced:Ukrainian spy assassinated by gunman in Kyiv (The Telegraph):https://www.telegraph.co.uk/world-news/2025/07/10/ukrainian-spy-assassinated-by-gunman-in-kyiv/ Chinese father and son arrested for spying on Ukraine's missile programme (The Telegraph):https://www.telegraph.co.uk/world-news/2025/07/10/ukraine-arrests-chinese-father-son-spying-neptune-missile/ Russia grooms Ukrainian teens as spies and saboteurs (Financial Times):https://www.ft.com/content/5cb5ebf9-bfb3-4a50-bc2f-79540baf8f87 Secret Russian Intelligence Document Shows Deep Suspicion of China (New York Times):https://www.nytimes.com/2025/06/07/world/europe/china-russia-spies-documents-putin-war.html Gardaí investigate bomb found at Russian-owned refinery in Limerick (Irish Times):https://www.irishtimes.com/crime-law/2025/07/06/gardai-probe-bomb-found-at-russian-owned-refinery-in-limerick SIGN UP TO THE NEW ‘UKRAINE: THE LATEST' WEEKLY NEWSLETTER:https://secure.telegraph.co.uk/customer/secure/newsletter/ukraine/ Each week, Dom Nicholls and Francis Dearnley answer your questions, provide recommended reading, and give exclusive analysis and behind-the-scenes insights – plus maps of the frontlines and diagrams of weapons to complement our daily reporting. It's free for everyone, including non-subscribers.NOW AVAILABLE IN NEW LANGUAGES:The Telegraph has launched translated versions of Ukraine: The Latest in Ukrainian and Russian, making its reporting accessible to audiences on both sides of the battle lines and across the wider region, including Central Asia and the Caucasus. Just search Україна: Останні Новини (Ukr) and Украина: Последние Новости (Ru) on your on your preferred podcast app to find them. Listen here: https://linktr.ee/ukrainethelatestSubscribe: telegraph.co.uk/ukrainethelatestEmail: ukrainepod@telegraph.co.uk Hosted on Acast. See acast.com/privacy for more information.