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I denne uges udgave af Langsomme Samtaler taler Rune Lykkeberg med den amerikanske forfatter og journalist Rana Foroohar, der bl.a. skriver for Financial Times. Sammen forsøger de at foretage en obduktion af Trumps valgsejr, og hvad der fejlede ved Demokraterne og Harris' økonomiske politik og valgkampagne Rana Foroohar er stor tilhænger af Bidenomics, som Joe Bidens økonomiske politik er blevet kaldt. Bidenomics har haft til formål at styrke arbejderklassen, sætte gang i den grønne omstilling og sænke inflationen. Alle sammen målsætninger, som det ifølge Foroohar i høj grad er lykkedes at indfri. Men på trods af Bidenomics' reelle succes, har den langt fra været en populær eller vellidt økonomisk politik blandt et flertal af de amerikanske vælgere. De mærker stadig inflationen, og ser Trump som løsningen. For som Foroohar argumenterer for, har Harris ikke i tilstrækkelig grad iscenesat sig selv som et opgør med Clinton-æraens nyliberalisme, selvom hun var med til at gennemføre Bidenomics, der var et opgør med den. Selv om Trump præsenterer sig som en, der kæmper for arbejderklassen, vil hans økonomiske politik i virkeligheden blot gøre de rige endnu rigere, og de fattige fattigere. Hvis man ser den økonomiske støtte, Trump har fået fra de amerikanske multimilliardærer som en investering, siger Foroohar, ja, så har de i høj grad gjort sig et enestående røverkøb med Trumps valgsejr.
If you listened to our last couple of episodes, you'll have heard some pretty skeptical takes on AI. But if you look at the stock market right now, you won't see any trace of that skepticism. Since the launch of ChatGPT in late 2022, the chip company NVIDIA, whose chips are used in the majority of AI systems, has seen their stock shoot up by 700%. A month ago, that briefly made them the most valuable company in the world, with a market cap of more than $3.3 trillion.And it's not just chip companies. The S&P 500 (the index that tracks the 500 largest companies in the U.S.) is at an all-time high this year, in no small part because of the sheen of AI. And here in Canada, a new report from Microsoft claims that generative AI will add $187 billion to the domestic economy by 2030. As wild as these numbers are, they may just be the tip of the iceberg. Some researchers argue that AI will completely revolutionize our economy, leading to per capita growth rates of 30%. In case those numbers mean absolutely nothing to you, 25 years of 30% growth means we'd be a thousand times richer than we are now. It's hard to imagine what that world would like – or how the average person fits into it. Luckily, Rana Foroohar has given this some thought. Foroohar is a global business columnist and an associate editor at The Financial Times. I wanted to have her on the show to help me work through what these wild predictions really mean and, most importantly, whether or not she thinks they'll come to fruition.Mentioned:“Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity” by Daron Acemoglu and Simon Johnson (2023)“Manias, Panics, and Crashes: A History of Financial Crises” by Charles P. Kindleberger (1978)“Irrational Exuberance” by Robert J. Shiller (2016)“Gen AI: Too much spend, too little benefit?” by Goldman Sachs Research (2024)“Workers could be the ones to regulate AI” by Rana Foroohar (Financial Times, 2023)“The Financial Times and OpenAI strike content licensing deal” (Financial Times, 2024)“Is AI about to kill what's left of journalism?” by Rana Foroohar (Financial Times, 2024)“Deaths of Despair and the Future of Capitalism” by Anne Case and Angus Deaton (2020)“The China Shock: Learning from Labor Market Adjustment to Large Changes in Trade” by David H. Autor, David Dorn & Gordon H. Hanson (2016)Further Reading:“Beware AI euphoria” by Rana Foroohar (Financial Times, 2024)“AlphaGo” by Google DeepMind (2020)
Rana Foroohar, Global Economic Analyst and Business Columnist at CNN; Financial Times, delves into her argument that globalization is coming to an end, and what it means for localization means for the future of the physical economy and supply chain. Foroohar is joined by FreightWaves Editorial Director, Rachel Premack, in this fireside chat. Follow FreightWaves Podcasts Follow the Future of Supply Chain Learn more about your ad choices. Visit megaphone.fm/adchoices
Rana Foroohar, Global Economic Analyst and Business Columnist at CNN; Financial Times, delves into her argument that globalization is coming to an end, and what it means for localization means for the future of the physical economy and supply chain. Foroohar is joined by FreightWaves Editorial Director, Rachel Premack, in this fireside chat. Follow FreightWaves Podcasts Follow the Future of Supply Chain Learn more about your ad choices. Visit megaphone.fm/adchoices
After two decades of attending the World Economic Forum's annual gathering of business elites in Davos, Rana Foroohar, associate editor of the Financial Times, stayed back this year. In this week's episode of The Kicker, Foroohar tells Kyle Pope, editor and publisher of the Columbia Journalism Review, why the annual meet-up of global technocrats imparts “icky” feelings, and why the Davos crowd, including the journalists reporting from the conference, might have a skewed outlook on the economy. Also joining Pope in conversation is Mercy Orengo, a CJR fellow. Orengo shares insights from her recent conversations with business reporters tasked with covering an uncertain economy.
My guest on this show is Rana Foroohar an American author, associate editor at the Financial Times and CNN's global economic analyst. We will be discussing her newest book Homecoming: The Path to Prosperity in a Post-Global World and her short film of the same title. Ms. Foroohar contends that unregulated globalization has produced serious negative consequences for society. That While globalization has made the planet wealthier as a whole, that wealth has been concentrated largely at the very top, among financial and managerial elites who own the most assets.
Financial Times Global Business Columnist and Associate Editor Rana Foroohar isn't buying neoliberalism's myths about globalization. But what comes next? In her new book, “Homecoming: The Path to Prosperity in a Post Global World,” Foroohar examines where the U.S. economy is going. Photo courtesy of Rana Foroohar
Financial Times columnist and CNN global economic analyst Rana Foroohar offers a deep look at the vulnerabilities of globalization. She makes the case that the reign of globalization as we've known it is over and the rise of local, regional and homegrown business is now at hand. She says that for decades, the neoliberal economic philosophy of prioritizing efficiency over resilience and profits over local prosperity has produced massive inequality, persistent economic insecurity, and distrust in our institutions. Place-based economics and a wave of technological innovations now make it possible to keep operations, investment and wealth closer to home, wherever that may be. With the pendulum of history swinging back, Foroohar explores both the challenges and the possibilities of this new era, and how she says it can usher in a more equitable and prosperous future. NOTES This program is generously supported by the Jackson Square Partners Foundation. SPEAKERS Rana Foroohar Global Business Columnist and Associate Editor, Financial Times; Global Economic Analyst, CNN; Author, Homecoming: The Path to Prosperity in a Post-Global World; Twitter @RanaForoohar In Conversation with Kirk Hanson Senior Fellow and Former Executive Director, The Markkula Center for Applied Ethics, Santa Clara University; Member, The Commonwealth Club Silicon Valley Advisory Council In response to the COVID-19 pandemic, we are currently hosting all of our live programming via YouTube live stream. This program was recorded via video conference on October 24th, 2022 by the Commonwealth Club of California. Learn more about your ad choices. Visit megaphone.fm/adchoices
He’s in the news again this week — after persuading Joe Manchin that the climate and healthcare bill he’s pushing isn’t inflationary. Larry Summers has had a storied career, as the chief economist of the World Bank, the treasury secretary under Clinton, and the director of the National Economic Council under Obama. He also was the president of Harvard University from 2001 to 2006 and remains there as the Charles W. Eliot University Professor. You can listen to the episode right away in the audio player above (or on the right side of the player, click “Listen On” to add the Dishcast feed to your favorite podcast app). For two clips of our convo — on how the US government spent way too little during the Great Recession and way too much during the pandemic, and how we can help the working class cope — pop over to our YouTube page.The episode has a lot of thematic overlap with our recent discussion with David Goodhart, author of Head, Hand, Heart: Why Intelligence Is Over-Rewarded, Manual Workers Matter, and Caregivers Deserve More Respect. Here’s a new transcript. And below is a clip from that episode on how our economy overvalues white-collar brain power:Back to inflation talk, here’s a dissent:I’ve been reading your blog for a little over a year now, and listening to Dishcast, which is great. I’ve noticed a few things, however, that I would like you to perhaps respond to, or at least consider. First, what you refer to as “wokeness” on the left is, I agree, an obnoxious problem that has been exacerbated by social media. But I think your recent guest Francis Fukuyama has it mostly correct in his new book, Liberalism and Its Discontents, when he identifies illiberal trends on the political left as being more of an annoyance, or at the very least, far less of a threat to the republic than illiberal trends on the right. Second, I completely disagree with this rather lazy salvo from you: “Biden’s legacy — an abandonment of his mandate for moderation, soaring inflation, an imminent recession, yet another new war, and woker-than-woke extremism — has only deepened it.” It simply is not the case that Biden has not, especially when forced to, hewed towards moderation. Yes, he is attempting to respond to a leftward shift in the Democratic Party by trying to govern more from the left, but this is simply a reflection of political reality. In addition, much of his agenda has been batted down, but more on that in a moment. Next, inflation and an imminent recession have a lot more to do with what the Fed has done over the last four decades — and definitely since the financial crisis of 2008 — than with Joe Biden. On this theme of a highly financialized economy nearing the end of the neoliberal era, I recommend Rana Foroohar on Ezra Klein’s latest podcast, where she talks about the popping of the “Everything Bubble.” Asset-value inflation, deindustrialization, a perverse focus on shareholder value rather than investing in Main Street or even R&D, and an utter lack of policy solutions, have caused this. In addition, as Foroohar herself says, the changes we need to make in our economy are going to be, in the short-to-medium term, inflationary. This means policymakers have to start making policy that actually helps both people and infrastructure, which means spending money. Unfortunately, the garden has gone untended for so long that we’re teetering on the brink of becoming a really shitty country if we don’t take more aggressive action. In addition, with regard to an upcoming recession, Noah Smith wrote on his Substack recently that Keynesian economics would suggest that a quick recession now in order to stomp out inflation would be better in the long run than milquetoast attempts to curb it by raising interest rates too slowly. The idea is that recessions — especially fast and somewhat shallow ones — can be weathered, but inflation that goes on for too long leaves lasting scars on the economy. (Smith identifies the Volker recessions as probably permanently damaging the Rust Belt.) Personally, what I worry about more on the left is not “woke-ism,” but the trendy socialist/ironic/weird outlets like Jacobin or Chapo Trap House, which seem to be doing their damndest to convince younger, more impressionable and less educated people that the whole country is fucked; it’s designed to be fucked because capitalism is fucked; and only its imminent collapse will allow for problems to be solved through revolution/redistribution. Believe me, that sentiment is becoming a real problem, and the people who buy into it are every bit as ideologically rigid, illiberal, and closed to inquiry as those on the rabid right.Next up, listeners sound off on last week’s episode with Fraser Nelson, the British journalist who sized up the prime minister race. The first comment comes from “a long-time libertarian in Massachusetts”:I’ve been reading the Dish for about a year and finally subscribed thanks to your fascinating interview with Fraser Nelson. I was particularly glad to be alerted to Kemi Badenoch.It’s taken awhile to pull the trigger on subscribing to the Dish because of your Trump bashing, since you sound more like Hillary Clinton than William Buckley. I’m perfectly fine with bashing Trump, but I prefer to see it paired with an acknowledgment of the forces that created him, i.e. the abandonment of the middle class by the two major parties, particularly the Democrats. I do think half the country would lose its mind if Trump runs again, so in that sense I sympathize with your sentiments. But the larger context is essential.Some episodes our listener might appreciate — ones sympathetic to the concerns of middle-class Trump voters — include Michael Anton, Mickey Kaus, Ann Coulter and David French. More on the Fraser Nelson pod:Thank you for an outstanding episode. Nelson has almost persuaded me to take out a Spectator subscription! I thought he summed up eloquently and fairly the state of the Conservative Party, Johnson, Sunak and Truss, and the challenges that lie ahead.Like many Brexiteers — and Nelson half-acknowledges this — the Tories have not grappled with the realities of Brexit. The most obvious lacuna in your discussion was the economy. You cannot leave the EU and not increase the size of the state. You have to have more customs arrangements (as we have recently seen at Dover), more vets, more checks and so on, ad nauseam. It’s all very well for conservatives to argue for a smaller state, but they haven’t defined what that will look like and how the services people use now (education, transport, local government, the legal system etc) will be improved, i.e. funded to a better extent than now. Underfunding is obvious and no amount of arguing “we can do it more efficiently” will cut it — the Tories have had 12 years to fix this.Moreover, picking fights with the EU has meant less investment, reduced business confidence and increased uncertainty — except of course in Northern Ireland, which has access to the single market and where business is booming. Listen to NFU President Minette Batters talk about the issues surrounding Truss’s free trade deals with Australia and New Zealand, or fishermen now dealing with the consequences of Brexit. They were once fans. Not so much now.James Carville once said, “It’s the economy, stupid.” Promising tax cuts now when much of the Western world is likely to enter a recession is ridiculously irresponsible, but hey ho, it’s a political campaign and reality will bite once we have a new prime minister, whoever she is.Also, I look forward to hearing Marina Hyde on the Dishcast!This next listener takes issue with some of my phrasing:I enjoyed the Nelson episode overall! But I have to take issue with a rare faux pas from you, where you said that Rishi Sunak is “himself obviously a globalist, just by his very career and nature.” I can’t really understand how you came to this conclusion. Is anyone who worked overseas for some time a “globalist”? Are you a “globalist” because your moved to America? What about Sunak’s “nature” makes him so?Back in 2016, Sunak supported Brexit, which was seen as the losing bet, despite much pressure from David Cameron. And he has set out very clearly in his leadership campaign that he thinks, for example, we need to be tougher on border control. Neither of these things strike me as globalist, nor a return to the Cameron era.On the other hand, I agree with your characterisation of Truss — who voted Remain before undergoing a miraculous and instantaneous change of heart the day after her side lost — as a “dime-store Thatcher.”Speaking of border control, here’s David Goodhart — also from a British perspective — on why elites favor open borders:One more listener on Fraser pod:As a Spectator subscriber (and Glasgow Uni man), I very much enjoyed Fraser Nelson. Mishearing (I think) at around the 37 minute mark when he seemed to refer to Boris getting a first at Oxford, I was reminded of this fine b****y exchange with David Cameron in the Sunday Times back in the day:Surely Boris has been the man Cameron had to beat, ever since they were at school together. 'This is one of the great myths of politics', says the PM [Cameron]. 'These things grow up and it's so long ago no one challenges them, but I don't think we really knew each other at school, he was a couple of years ahead of me. He was very clever.'Then Cameron explodes into a beaming grin. 'But', he says exultantly. 'Boris didn't get a First! I only discovered that on the Panorama programme the other night... I didn't know that'. He is suddenly lit up, almost punching the air with joy.And in that outburst of public-schoolboy competitiveness — Cameron, of course, did get a First — he reveals everything we've always thought about him.Also, when Boris was described as believing the untrue things he said at the time he said them, I’m reminded of George Costanza’s credo that “it’s not a lie if you believe it!” (which, for a fairly left liberal Tory, you’d perhaps take over a Trump analogy).Lastly, a listener looks to a potential guest:If you wish to continue to mine the vein of the global power landscape, its recent evolution this century, and its implications: Condoleezza Rice. She has an interesting perspective from one whose expertise is Russia and is a past practitioner of American statecraft with Russia and China.Thanks, as always, for the suggestion. Get full access to The Weekly Dish at andrewsullivan.substack.com/subscribe
“Economics should be about caring for real people.” Janet Yellen First female Secretary of the Treasury First female Chair of the Federal Reserve Chair of the Council of Economic Advisors First person to hold all three roles The Artwork: Yellen's portrait in the Fearless Portraits project consists of an Ink and colored pencil drawing on a map of San Francisco. She's wearing a purple blazer with her trademarked popped collar. The Federal Reserve Bank of San Francisco she presided over from 2004 – 2010 is on the right side of the map, just over her shoulder. The Story: Janet Yellen's philosophy on how economics should be about caring for real people had its roots in her childhood. Growing up in a working-class Brooklyn neighborhood, she watched a stream of factory workers and dock hands visit her father's medical practice, paying $2 cash to be seen, or not paying if they couldn't. “I came to understand the effect that unemployment could have on people in human terms,” she says. This philosophy was solidified in college during a macroeconomics lecture: “I remember sitting in class and learning about how there were policy decisions that could have been taken during the Great Depression to alleviate all that human suffering—that was a real ‘aha' moment for me. I realized that public policy can, and should, address these problems.” Fast forward 50 years and Yellen—in her role as president of the San Francisco Federal Reserve Bank—would be among the first to raise concerns about the impending subprime mortgage bubble. Later, as vice chair of the Fed and then chair of the Fed, she oversaw a controversial plan to buy trillions of dollars in assets to prevent the economy from further collapse. Called quantitative easing, the plan may well have been the difference between keeping a job or losing it for millions of workers in the US economy. Yellen's human-centric economics mindset was a marked shift in thinking for the Federal Reserve and later to the Department of the Treasury. As she put it, the job of central bankers as she sees it, “isn't just about fighting inflation or monitoring the financial system. It's about trying to help ordinary households get back on their feet and about creating a labor market where people can feel secure and work and get ahead.” In her long and distinguished career, Yellen served as one of President Clinton's top aides, chairing the Council of Economic Advisors. Then, she led the Federal Reserve Bank of San Francisco and became the first female Chair of the Federal Reserve system in 2014. Five days into Joe Biden's presidency, Yellen was confirmed by the Senate as the first female Secretary of the Treasury. She is the first person in history to hold all three of the US's top economic positions. Background on Yellen: Yellen's household is a true economics powerhouse. She's married to Nobel laureate and UC Berkeley professor George Akerlof and their son, Robert, is also an economics professor. Aside from collaborating on raising their son together, (Yellen notes that if all hours on parenting and housework were added up, Akerlof did “more than 50%”) the economics super couple also co-wrote a famous paper together. Drawing on their experience hiring a babysitter for their son, the paper illuminates why lower wages don't always lead to higher employment. “Firms are not always willing to cut wages, even if there are people lined up outside the gates to work. So, why don't they?” asks Yellen. Their conclusion was that some companies choose to pay higher wages to attract better talent and motivate their employees to do good work. As Yellen notes, “When you hire a nanny, the question you ask yourself is, ‘what's best for my precious child?' And do you really want someone who feels that your motive in life is to minimize the amount you spend on your child?” Music: This episode contains music by Geovane Bruno and Praz Khanal. Sources: Akerlof, G. A., & Yellen, J. L. (1988). Fairness and Unemployment. The American Economic Review, 78(2), 44–49. http://www.jstor.org/stable/1818095 Akerlof, G. A., & Yellen, J. L. (1990). The Fair Wage-Effort Hypothesis and Unemployment. The Quarterly Journal of Economics, 105(2), 255. https://doi.org/10.2307/2937787 Amadeo, K. (2021, March 4). Who Was the Only Female Federal Reserve Chair? The Balance. https://www.thebalance.com/janet-yellen-3305503 Appelbaum, B., & Couturier, K. (n.d.). Yellen's Path to the Pinnacle. Timeline - NYTimes.Com. https://archive.nytimes.com/www.nytimes.com/interactive/business/yellen-timeline.html#/#time276_7992 Bell, S. (2018, January 24). The Tragedy of Janet Yellen. POLITICO Magazine. https://www.politico.com/magazine/story/2018/01/24/janet-yellen-fed-chair-donald-trump-216509/ Chozick, A. (2017, December 11). Janet Yellen Didn't Set Out to Be a Feminist Hero. The New York Times. https://www.nytimes.com/2017/12/09/business/janet-yellen-didnt-set-out-to-be-a-feminist-hero.html Counts, L. (2021, January 12). Prof. Janet Yellen, trailblazing former Fed chair, is Biden's Treasury pick. Haas News | Berkeley Haas. https://newsroom.haas.berkeley.edu/research/janet-yellen-former-fed-chair-bidens-expected-treasury-pick/ Foroohar, R. (2014, January 20). Janet Yellen: The Sixteen Trillion Dollar Woman. TIME.Com. http://content.time.com/time/subscriber/article/0,33009,2162267,00.html Gibbs, N. (2014, January 9). The Most Unprecedented Thing About Janet Yellen. Time. https://time.com/275/nancy-gibbs-janet-yellen/ Graveline, D. (2017, September 22). Famous Speech Friday: Janet Yellen on holding women back. Denise Graveline. https://denisegraveline.org/2017/09/famous-speech-friday-janet-yellen-on.html Lane, S. (2020, November 30). Biden names Janet Yellen as his Treasury nominee. The Hill. https://thehill.com/policy/finance/526996-biden-picks-janet-yellen-for-treasury-secretary?rl=1 Mejia, Z. (2018, December 12). Janet Yellen survived the “horrifying” financial crisis thanks to this one simple habit. CNBC. https://www.cnbc.com/2018/12/12/how-did-janet-yellen-survive-the-horrifying-financial-crisis-sleep-.html The Economic Times. (2013, October 12). Janet Yellen moves out of her Nobel-laureate husband George Akerlof's shadow. https://economictimes.indiatimes.com/opinion/et-editorial/janet-yellen-moves-out-of-her-nobel-laureate-husband-george-akerlofs-shadow/articleshow/23993099.cms?from=mdr Wolverson, R. (2021, January 27). Janet Yellen's past mistakes will haunt her as treasury secretary. Quartz. https://qz.com/1962724/janet-yellens-greatest-mistakes-will-haunt-her-toughest-job-yet/
Kambiz Foroohar is an award winning journalist, specializing in the Middle East. He talks to De Balie director Yoeri Albrecht about exposing corruption and nepotism in Iran, the ways in which Iran is reminiscent of the Soviet Union, and about how he and his wife Masih Alinejad refuse to back down from their activism.Zie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.
On Reality Asserts Itself, Ms. Foroohar says many wealthy people understand that the climate crisis, deep recession, and war are real threats, but they believe “apres moi le deluge [after me comes the floods];” the Financial Times columnist and author of “Makers and Takers” said many of the rich have escape plans thinking “they can avoid the apocalypse” – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
On Reality Asserts Itself, Ms. Foroohar and host Paul Jay discuss the merging of finance and big tech and the threat AI poses to working people and the economy; they also discuss the potential of AI in addressing the climate crisis and making a more rational and equal society possible – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality, and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” said the move from traditional pensions to 401k's makes everyone feel they benefit from finance when the vast majority of profits go to the elites and most people's living standards deteriorate – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
On Reality Asserts Itself, Ms. Foroohar says President Bill Clinton's finance team further deregulated Wall St. including eliminating Glass-Steagall legislation allowing even riskier investments; the Financial Times columnist and author of “Makers and Takers” says this helped create the world's largest financial institution—Citigroup— headed by Clinton's former Treasury Secretary Robert Rubin – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
On Reality Asserts Itself, Ms. Foroohar says growing inequality and record student, household and corporate debt is creating a dangerous bubble, similar to the lead up to the '29 crash; the Financial Times columnist and author of “Makers and Takers” says a few on Wall St. see it, but most businesses are doing too well to care – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
The indictment reads like a not-so-great spy novel: the operatives would kidnap the dissident from her home in Brooklyn, deliver her to the waterfront to meet a speedboat, bring her by sea to Venezuela, and then move her on to Tehran—where she would, presumably, face a show trial, and perhaps execution. But this was no potboiler. The Iranian nationals charged in the indictment were allegedly researching an audacious plot to capture a naturalized American citizen, on U.S. soil. The target of the scheme was Masih Alinejad, a journalist and activist who has been critical of the Iranian theocracy and particularly vocal in speaking out against the compulsory wearing of hijab; she has a large following on social media and a show on Voice of America. Her brother has been jailed in Iran, and her sister was forced to renounce her on television. The F.B.I. took the threat to Alinejad seriously enough to sequester her and her husband, Kambiz Foroohar, in a series of safe houses, where they stayed for months. Alinejad and Foroohar spoke about their ordeal with David Remnick, and explained why the regime regards her as such a threat. “For Iran, hijab is like the Berlin Wall was to the Soviet system,” Foroohar points out. “The narrative of the Islamic Republic was that women are choosing to wear hijab, and Masih is challenging that narrative.” Plus, the revelations about Pegasus. Marketed as a tool against terrorism, the spyware was also deployed by governments against journalists and activists. Isaac Chotiner interviews one of the targets, the Indian journalist and scholar Siddharth Varadarajan.
Before the pandemic hit, 80 percent of corporate wealth was held by the top 10 percent of large companies richest in intangible assets like data, software, and intellectual property. In this podcast, Rana Foroohar says the concentration of wealth and power among Big Tech firms has grown exponentially over the course of the pandemic. Foroohar is Global Business Columnist and Associate Editor at the Financial Times. She was invited to speak at the Institute for Capacity Development about her book Don't be evil, which examines the implications for society of the growing influence of Silicon Valley tech giants in all aspects of the economy. Transcript Read more about building a better data economy in the March issue of Finance and Development Magazine: IMF.org/FandD Transcript: http://traffic.libsyn.com/imfpodcast/Rana_Foroohar-transcript-IMF_Podcast.pdf
Premedytacje Podcast recenzują książkę 'Don't be evil" autorstwa Rana Foroohar oraz zastanawiają się, co się stanie z rozwojem aplikacji ClubHouse. Przemek rozdziela social media zachodu od mediów chińskich i rosyjskich, zaś Andrzej usilnie broni się przed iPhonem i nowym medium audio. Tym razem podcast w wersji short - 2,5x krótszy od dotychczasowej średniej :)
Você receberia o coração de um chimpanzé? E um rim? Como surgiram os transplantes de órgãos? O sul africano Christian Barnard era a favor da segregação racial? Ouça o episódio e viaje comigo nessa história.. . . . Pintura de São Cosme e São Damião fazendo o milagre. https://commons.wikimedia.org/wiki/File:Cosme_y_Dami%C3%A1n_-_Valladolid_-_20140703.jpg Fontes COOPER, David KC. Christiaan Barnard's personal attitude to apartheid. Journal of medical biography, v. 28, n. 3, p. 180-184, 2020. COOPER, David KC. Christiaan Barnard's personal attitude to apartheid. Journal of medical biography, v. 28, n. 3, p. 180-184, 2020. DIBARDINO, Daniel J. The history and development of cardiac transplantation. Texas Heart Institute Journal, v. 26, n. 3, p. 198, 1999. FOROOHAR, Abtin et al. The history and evolution of hand transplantation. Hand clinics, v. 27, n. 4, p. 405-409, 2011. HAMILTON, David. A history of organ transplantation: ancient legends to modern practice. University of Pittsburgh Pre, 2012. KANITAKIS, Jean et al. Clinicopathologic features of graft rejection of the first human hand allograft. Transplantation, v. 76, n. 4, p. 688-693, 2003. MICHAEL, A. History of brain death as death: 1968 to the present. Journal of critical care, v. 29, n. 4, p. 673-678, 2014. MORRIS, Thomas. James Hardy and the first heart transplant. The Lancet, v. 389, n. 10086, p. 2280-2281, 2017. THOMAS, Nicola (Ed.). Renal Nursing: Care and Management of People with Kidney Disease. John Wiley & Sons, 2019. TRUOG, Robert D.; MILLER, Franklin G. Changing the conversation about brain death. The American Journal of Bioethics, v. 14, n. 8, p. 9-14, 2014. --- Send in a voice message: https://anchor.fm/jordanoaraujo/message
Por que alguém pediria para ter uma mão amputada? Quando surgiu o conceito de morte encefálica? Você venderia um rim? O futuro dos transplantes está nos órgãos de animais? Ficou curioso? Ouça o episódio. Fontes COOPER, David KC. Christiaan Barnard's personal attitude to apartheid. Journal of medical biography, v. 28, n. 3, p. 180-184, 2020. COOPER, David KC. Christiaan Barnard's personal attitude to apartheid. Journal of medical biography, v. 28, n. 3, p. 180-184, 2020. DIBARDINO, Daniel J. The history and development of cardiac transplantation. Texas Heart Institute Journal, v. 26, n. 3, p. 198, 1999. FOROOHAR, Abtin et al. The history and evolution of hand transplantation. Hand clinics, v. 27, n. 4, p. 405-409, 2011. HAMILTON, David. A history of organ transplantation: ancient legends to modern practice. University of Pittsburgh Pre, 2012. KANITAKIS, Jean et al. Clinicopathologic features of graft rejection of the first human hand allograft. Transplantation, v. 76, n. 4, p. 688-693, 2003. MICHAEL, A. History of brain death as death: 1968 to the present. Journal of critical care, v. 29, n. 4, p. 673-678, 2014. MORRIS, Thomas. James Hardy and the first heart transplant. The Lancet, v. 389, n. 10086, p. 2280-2281, 2017. THOMAS, Nicola (Ed.). Renal Nursing: Care and Management of People with Kidney Disease. John Wiley & Sons, 2019. TRUOG, Robert D.; MILLER, Franklin G. Changing the conversation about brain death. The American Journal of Bioethics, v. 14, n. 8, p. 9-14, 2014. --- Send in a voice message: https://anchor.fm/jordanoaraujo/message
Rana Foroohar (Financial Times) and Marc Blyth (Angrynomics) join Paul Jay to discuss the crazy and dangerous decline of the American Empire, on theAnalysis.news podcast.
"Don’t be evil." It’s an iconic phrase that was written into Google’s code of conduct during the early days of the company. It conveyed a utopian vision for technology that would make the world better, safer and more prosperous. But twenty years later, has big tech lived up to its founding principles or has it lost its soul? Rana Foroohar, Global Business Columnist at The Financial Times and Global Economic Analyst at CNN, documents the bigger implications for how tech companies now operate. In her conversation with World Affairs CEO, Philip Yun, Foroohar looks at the extent to which the FAANGs (Facebook, Apple, Amazon, Netflix and Google) threaten democracies, livelihoods and our thinking. If you appreciate this episode and want to support the work we do, please sign up for a World Affairs membership. Your donation enables us to produce programs you value and it connects high school students directly with leaders in the field of international relations while engaging them in critical global issues. We cannot do this work without your help. Thank you.
Welcome to episode #722 of Six Pixels of Separation. Here it is: Six Pixels of Separation - Episode #722 - Host: Mitch Joel. I had not heard of Rana Foroohar until I saw her most recent book, Don’t Be Evil - How Big Tech Betrayed Its Founding Principles And All of Us, hit the shelves. Rana is the Global Business Columnist and an Associate Editor at the Financial Times. She is also CNN’s global economic analyst. Her first book, Makers and Takers - The Rise of Finance and the Fall of American Business, was about why the capital markets no longer support business. Prior to joining the FT and CNN, Foroohar spent six years at Time, as an assistant managing editor and economic columnist. She previously spent thirteen years at Newsweek, as an economic and foreign affairs editor and a foreign correspondent covering Europe and the Middle East. She is a life member of the Council on Foreign Relations and sits on the advisory board of the Open Markets Institute. In this episode, we discuss the current economic situation in the world, the future of business and whether or not we will excuse the past issues we had with big tech because of how we’ve all shifted towards more screen time. Enjoy the conversation... Running time: 52:54. Hello from beautiful Montreal. Subscribe over at iTunes. Please visit and leave comments on the blog - Six Pixels of Separation. Feel free to connect to me directly on Facebook here: Mitch Joel on Facebook. or you can connect on LinkedIn. ...or on Twitter. Here is my conversation with Rana Foroohar. Don’t Be Evil - How Big Tech Betrayed Its Founding Principles And All of Us. Makers and Takers - The Rise of Finance and the Fall of American Business,. Financial Times. CNN. Follow Rana on Twitter. This week's music: David Usher 'St. Lawrence River'.
Rana Foroohar is an author, Financial Times columnist and CNN analyst, writing and investigating into how today’s biggest tech companies are hijacking our data, our livelihoods, and our minds. I really wanted to do an episode on Big Tech - aka FANG - Facebook, Amazon, Netflix, Google). How tech has changed and how it's changed us. Her book Don't be Evil looks into how big tech has lost it's way over the past two decades. Through her skilled reporting and unparalleled access to these topics—won through nearly 30 years covering business and technology—Foroohar tells the story of how giddy idealism turned to greed, how a world where “information for free” became one in which we, the users, are the product being monetized, and how the “democratized” internet we were promised can threaten the very fabric of our democracy. In her book she lays out a plan for how we can resist and slightly rebel against tech. I wanted to ask that question: can we rebel against tech now or are we just too embedded? I hope you enjoy this fascinating episode. If you enjoyed, please do leave a rate or review! See acast.com/privacy for privacy and opt-out information.
"Don’t be evil." It’s an iconic phrase that was written into Google’s code of conduct during the early days of the company. It conveyed a utopian vision for technology that would make the world better, safer and more prosperous. But twenty years later, has big tech lived up to its founding principles or has it lost its soul? Rana Foroohar, Global Business Columnist at The Financial Times and Global Economic Analyst at CNN, documents the bigger implications for how tech companies now operate. In her conversation with World Affairs CEO, Philip Yun, Foroohar looks at the extent to which the FAANGs (Facebook, Apple, Amazon, Netflix and Google) threaten democracies, livelihoods and our thinking. We want to hear from you! Please take part in a quick survey to tell us how we can improve our podcast: https://www.surveymonkey.com/r/PWZ7KMW
In this episode we were joined by Rana Foroohar, FT global business columnist and author of Don't Be Evil: The Case Against Big Tech, alongside Ros Urwin of the Sunday Times. According to Foroohar, Silicon Valley has lost its soul, and the tech behemoths like Google, Facebook, Apple, and Amazon are monetising both our data and our attention without us seeing a penny of those exorbitant profits. These companies have become rapacious monopolies with the power to corrupt our elections, co-opt all our data, and control the largest single chunk of corporate wealth — while evading all semblance of regulation and taxes. And in Foroohar's view, they must be held to account. See acast.com/privacy for privacy and opt-out information.
After discovering several small charges to her credit card that totaled upward of US$900, Rana Foroohar figured her card must have been stolen. She quickly realized those micro-transactions were coming from a game her son was playing. Unknowingly, he was spending real money inside a free-to-play game. As a journalist, Rana was fascinated by the way in which apps were capturing people’s attention and wallets. In this episode of Big Tech co-hosts David Skok and Taylor Owen speak with Rana Foroohar, global business columnist and associate editor for The Financial Times and global economic analyst at CNN about her new book: Don't Be Evil: How Tech Betrayed Its Founding Principles — and All of Us. They discuss the cognitive, economic, and political impacts that big tech companies are having on our societies and economies. Foroohar discusses the risks that big tech companies’ current business models present to the global economy. While these businesses are motivated by growth (rather than profits) investors want to see profits once the company goes public. If those profits are not coming, stocks start to sink. “Uber goes out into every possible market, breaks whatever regulation it can, grabs market share, doesn't worry about making money, is allowed to continue that business model with private investors just pumping it up, pumping it up,” Foroohar says. Technology companies make up a large percentage of equity markets, and there is real concern that the economy could be heading toward a tech-led crash.
The largest fast-food company in the world -- with about 24,000 stores -- was once known for its rapid expansion mindset. Now, Subway is closing stores faster than ever and pushing out franchise owners in the process. In a recent report by the New York Times, franchisees across the country said that seemingly tiny violations, like cucumbers cut too thick and smudges on glass doors, have cost them their businesses. And when they try appeal to Subway's corporate leadership? They rarely get a response. This week on Money Talking, guest host Ilya Marritz talks to Tiffany Hsu, a business reporter at the New York Times who co-reported the piece, about how Subway's efforts to scale back have impacted franchisees.
Next week marks fifty years since Neil Armstrong took “one small step” on the moon’s surface. The Apollo 11 mission was an historic voyage, fulfilling President John F. Kennedy’s goal of reaching the moon by the end of the 1960s. More than half a billion people watched the astronauts live on television. But in the years that followed, America’s interest and commitment to space exploration largely disappeared. Yet the country’s ambitions in space are far from over. In March of this year, Vice President Mike Pence expressed a renewed sense of urgency. “Make no mistake about it — we're in a space race today, just as we were in the 1960s, and the stakes are even higher,” he told attendees at a meeting of the National Space Council in Alabama. At the same meeting, Pence presented a new timeline for landing humans on the moon again: Within the next five years, four years sooner than the administration's initial timeline of 2028, leaving some to wonder if a new space race could be on the horizon. This week on Money Talking, Charlie Herman talks to Tim Fernholz, a reporter at Quartz covering space and author of Rocket Billionaires: Elon Musk, Jeff Bezos and the New Psace Race, about the latest chapter of space exploration.
This weekend marks the 50th anniversary of the Stonewall Riots and the birth of the modern gay rights movement in this country. Over the intervening years as attitudes towards LGBTQ people have changed, corporate America has taken note. Whether it's McDonald's selling special-edition “Pride Fries” or Walmart’s (online) Pride Shop, companies have very publicly been displaying support for the community over the last few years. It’s a dramatic shift from the days of Anita Bryant and Florida orange juice or companies like Wendy’s pulling their advertisements after Ellen came out on her sitcom. The greater acceptance of the LGBTQ community has presented an opportunity for businesses. While some take issue with companies commercializing this weekend's pride events, it’s hard to ignore how much mainstream businesses have embraced LGBTQ culture and consumers. This week on Money Talking, Charlie Herman talks to Jim Ellis, assistant managing editor at Bloomberg Businessweek, about the business of pride past, present, and future.
Corporate influence is no stranger to politics, but many businesses have found more support for their priorities in the Trump administration. Up until now, one influential group has flown under the radar, the Trump Leadership Council. A recent report from Rolling Stone names members of the group. The Council dates back to the summer before the 2016 election. Though it went unnoticed at the time, the group's members consist of powerful business leaders from many of the nation's biggest industries who have pushed for policies such as a tougher trade stance with China and a rollback of environmental protections at the EPA. This week on Money Talking, Charlie Herman talks to Andy Kroll, DC bureau chief for Rolling Stone, about his story "The Shadow Cabinet: How a Group of Powerful Business Leaders Drove Trump’s Agenda."
The Plaza Hotel is a New York City icon. The eighteen-story white marble building is the home of Eloise, the mischievous six-year-old who lived in the "room on the tippy-top floor" in the classic children's book series. Both the Beatles and the taxicab made their statewide debuts outside the Plaza. And it’s had a featured role in more movies and television shows than some actors in Hollywood, from Home Alone 2 to The Sopranos. Since it opened in 1907, the story of the Plaza has been the story of New York. Its history is littered with colorful guests, financial uncertainty, and a controversial transformation from hotel to a multimillion-dollar condominium. This week on Money Talking, Charlie Herman talks to journalist Julie Satow about the past and present of the Plaza Hotel. In her new book, The Plaza: The Secret Life of America's Most Famous Hotel, Satow shares never-before-told stories about the iconic hotel from its murderous origins to its bankruptcy under Donald Trump.
The New York State legislative session is wrapping up this month. With just a few days left, lawmakers are feeling the pressure to tie up several loose ends, including rent regulation — an issue that affects millions of residents across the state. The state’s rent control and stabilization laws expire on June 15th, and legislators are racing to renew them before that deadline. For months, they focused on other issues like bail reform and congestion pricing. Now, it’s down to the wire to figure out everything from ending the deregulation of vacant apartments to limiting landlords ability to raise rents through renovations to a building or an apartment. This week on Money Talking, Charlie Herman talks to Liz Kim, senior editor with Gothamist, and Jarrett Murphy, executive editor at City Limits, about the debate over rent regulations in the state legislature.
As the trade fight between the United States and China intensifies, one company has found itself in the center: Huawei. Despite its humble origins, the Chinese tech giant has become the second largest cellphone maker and largest provider of telecom equipment in the world. Only Samsung sells more smartphones than Huawei. But the company’s close ties to the Chinese government have concerned U.S. intelligence officials for years. This month, President Trump issued an executive order effectively banning U.S. companies from doing business with Huawei, citing potential threats to national security. This week on Money Talking, Charlie Herman talks with David Sanger, national security correspondent for The New York Times, about what the administration's actions against Huawei could mean for the U.S, from trade to our relationship with our allies to the future of 5G cellular technology. As the Chinese firm becomes a possible bargaining chip in the ongoing trade fight between the U.S. and China, Sanger says the big question is, “Is the end state some kind of American victory as President Trump frequently refers to, or is that we’ve divided the internet into an authoritarian side run by China and Chinese companies, and a free chaotic, sometimes abusive side, run by western companies?”
A three-foot tall, shiny, stainless steel rabbit has set the art world buzzing after it sold for $91.1 million at Christie's this month. "Rabbit" by Jeff Koons now holds the record for the highest price paid at auction for a living artist. (While the buyer was art dealer, former Goldman Sachs executive, and father of the current Treasury Secretary, Robert Mnuchin, it's since been reported that he purchased it on behalf of hedge fund billionaire Steve Cohen. Cohen is well-known for his art collection and for his previous firm S.A.C pleading guilty to insider trading.) Spending that much money on a big, metal bunny might sound like a risky investment. Is it worth it? And what does the record sales price tell us about what's going on in the economy and how it affects the rest of us? This week on Money Talking, economist and journalist Allison Schrager talks with Charlie Herman about what she learned writing her book, "An Economist Walks Into a Brothel” about the intersection of risk and economics. “Art reflects our culture” said Schrager. “What we’re getting now is this superstar effect.”
President Donald Trump has stymied hopes of a trade deal by raising tariffs on Chinese goods. In retaliation, China put additional tariffs on U.S. goods, causing the stock market to plunge that day. The Trump administration responded to that by taking steps to implement tariffs on even more Chinese products. So, who’s winning the trade war? Trump’s approach could signal a historic shift in U.S. policy which has largely encouraged free trade around the globe. The casualties of this fight could include American farmers, the Chinese companies, and the U.S. economy and consumers. But it might also lead to changes in how U.S. companies conduct business in China. This week on Money Talking, POLITICO Chief Economic Correspondent Ben White talks to host Charlie Herman about how much these escalating tensions should concern us.
Recent financial reports filed by the 2020 presidential candidates show vastly different amounts of money raised in varying amounts from many different sources. Some candidates are focusing on small donors, others are turning to high-dollar bundlers and some are dipping into their own bank accounts. For example, Senator Elizabeth Warren raised raised $6 million in three months for her campaign, while Joe Biden and Beto O’Rourke each raised that much in just a day. Yet with more than a year to go until the 2020 election, how much will the money they raise today matter in the long run? This week on WNYC’s Money Talking, host Charlie Herman talks to CNN national political writer Fredreka Schouten and The Washington Post national political reporter Michelle Lee about the candidates’ funds so far and their chances in the long run.
After months and months of speculation, former Vice President Joe Biden announced he’d be running for president in 2020. Already an early frontrunner, Biden joins a crowded field of potential Democratic nominees. There are now more than 20 candidates running, from policy wonk Elizabeth Warren to newcomer Pete Buttigieg to 2016 veteran Bernie Sanders. The Iowa caucuses are nine months away and if everyone stays in the race, it could challenging for voters to keep track of where the candidates stand on critical policy issues like healthcare, taxes, and climate change. This week on Money Talking, WNYC's Charlie Herman talks to Rick Newman, senior columnist for Yahoo Finance, about some of the fiscal policies being put forth by the Democratic contenders — and what they might mean for your pocketbook.
On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs - with host Paul Jay
"Avengers: Endgame" is officially opened at movie theaters across the country. It’s the most highly-anticipated movie event of the year and is expected to set a new box office record. Iron Man, Captain America, Black Widow, and the whole Avengers crew are back to do battle with super villain Thanos after he wiped away half of the universe’s population with a single snap of his fingers in last year’s "Avengers: Infinity War." The movie is the culmination of a groundbreaking superhero movie franchise that’s pushed out 22 films in 11 years, starting with the blockbuster "Iron Man" in 2008. With this movie, the so-called Marvel Cinematic Universe is expected to easily bring in more than $20 billion in global box office earnings. Love it or hate it, this franchise has become one of the most ambitious commercial endeavors in the history of Hollywood. This week on Money Talking, Charlie Herman talks to Adam B. Vary, senior film reporter at BuzzFeed News, and Hunter Harris, associate editor at New York Magazine’s Vulture, about how the Marvel universe has changed the movie business.
Uber has taken its first steps to becoming a publicly traded company, following rival Lyft’s debut on the stock market last month. The initial filing from Uber reveals even more extensive details about the company's revenue, ridership and potential roadblocks. The good? Ridership is up and Uber is expanding its food delivery service. The bad? The rid-hailing company is losing huge sums of money and faces steep competition. This week on WNYC’s Money Talking, Charlie Herman talks to Aaron Elstein, Senior Reporter for Finance at Crain's New York Business and Maureen Farrell, IPO and markets reporter for the Wall Street Journal, about the latest information about Uber and what is says about the future of tech and driving.
Much of the way influential consulting firm McKinsey & Co. operates is shrouded in secrecy. But recent reporting by the New York Times has revealed some of the company’s secrets, including its involvement with controversial companies like Purdue Pharma, the maker of OxyContin, as well as foreign leaders and governments in Saudi Arabia and South Africa. Additional stories have focused on the firm’s hedge fund MIO and alleged failures to make required financial disclosures. McKinsey has defended its work around the world. In a statement, the firm told the Times that “since 1926, McKinsey has sought to make a positive difference to the businesses and communities in which our people live and work.” This week on Money Talking, Charlie Herman talks with New York Times investigative editor Walt Bogdanich and investigative reporter Mike Forsythe about their reporting on the often hidden world of McKinsey and why it matters.
New York City just became the first city in the country to implement congestion pricing. As part of the effort to ease traffic and raise money to fix public transportation, drivers entering Manhattan below 60th Street could pay between $10 and $15 per day for cars and possibly double for trucks. But how the system will work technologically, who might be exempted from paying the fees and how much they will actually raise are details that have yet to be decided. Cities like London and Stockholm have already implemented congestion pricing, but with mixed results. This week on Money Talking, Charlie Hermanand WNYC transportation reporter Stephen Nessen talk about the ways congestion pricing will cost you, and how it might pay off.
Advertising has become a big business for Big Tech—and it keeps getting bigger. Google now controls a whopping 91 percent of the search advertising market. The tech giant’s monopoly means it’s almost impossible for businesses not to advertise with Google. That’s especially true if you’re a company that exists entirely online, like the ride-sharing app Lyft, or mattress brand Tuft & Needle. Lyft, for example, spent 92 million dollars on ads placed with Google last year. As a recent article in Bloomberg notes, that’s about 10 percent of Lyft’s 2018 net loss. And if a business decides not to advertise on Google, a competing brand might buy its keywords and place an ad against them. It’s an advertising Catch-22. This week on Money Talking, Ilya Marritz speaks with Jake Swearingen, a contributor for New York Magazine’s Intelligencer, about how Google came to dominate search advertising—and what it means for businesses and consumers alike.
It’s been nearly three years since a majority of people in the United Kingdom voted to leave the European Union. One of the arguments made by many Brexit supporters was to “take back control.” Lately, however, the opposite has been true as the process spirals out of control. Britain was on track to leave the E.U. one week from today, but a last minute reprieve has given British Prime Minister Theresa May a new deadline of April 12, to come up with deal. No matter when or exactly how Brexit occurs, analysts expect there will be financial and economic consequences for the country. Already, the uncertainty has hurt businesses and overall economic growth. This week on Money Talking, WNYC's Charlie Herman speaks with Eshe Nelson, economics and markets reporter at Quartz about the effects of Brexit on that nation's economy and its people.
Hudson Yards is officially open to the public. What was once the site of warehouses, tenements, and rail yards is now home to the largest development in New York City since Rockefeller Center. From the initial idea to the opening this week, it’s taken nearly 20 years— and $25 billion — to create the sprawling 28-acre megaproject on the west side of Manhattan. The new neighborhood features supertall glass towers, luxury apartments, a high-end retail and restaurant hub, and a climbable honeycomb-like structure called the Vessel. And this is just phase one. Debuting in April, a new arts center called The Shed will be home to art galleries, concerts, and theater performances. There are also plans to build more public space, housing, and and even a new school. It’s a carefully-curated new neighborhood built from scratch. This week on WNYC's Money Talking, Charlie Herman talks to Greg David, columnist at Crain’s New York Business, about the long road to the new Hudson Yards.
It’s been about eight months since President Trump launched a trade war with China, and it looks like we might be approaching an agreement between the two nations. Trump says that trade relationship with China has been unfair to the U.S. To force a change, he’s put in place punishing tariffs on Chinese goods to gain leverage. But that’s also punishing some in the U.S., like farmers, automakers manufacturers and even some consumers. If the deal is made, the big question will be, was it all worth it? On this episode of Money Talking, Charlie Herman talks with Rick Newman, senior columnist for Yahoo Finance, about how the impact of the trade war and what, if anything, the deal will change.
If you're depending on a tax refund this year to pay loans, make a down payment on a car or take a vacation, you might be out of luck. According to the IRS, average refunds have been lower compared last year. If the trend continues, many Americans will end up with a smaller refund or worse — they may owe the government. Residents in high-tax states, like New York and New Jersey could see a bigger swing because President Trump's tax code overhaul capped deductions for state and local taxes. But it doesn't mean people paid more taxes overall. The amount the IRS withheld from each paycheck was lower, so many people had a little more money each time they got paid. But it's a big change for those Americans who've become accustomed to pocketing some extra cash during tax season. On this episode of Money Talking, Charlie Herman talks to Heather Long, economics correspondent for The Washington Post, about why this is happening and the political consequences it might have.