American economist, college administrator, and U.S. government official
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Fresh from unbuckling their seatbelts on the Gliding Guru luxury jet and mooring the show's mega-yacht, our decoders are feeling an unexpected surge of empathy for their last decoding subject, Gary Stevenson. It turns out that a bit of jet-lagged decadence really hones one's sensitivity to wealth inequality. Or maybe it's just the natural response to voluntarily subjecting yourself to the truly insufferable world of the All-In podcast.That's right, this week you can vibe to the philosophical musings of a couple of Silicon Valley moguls, Chamath Palihapitiya, David Sacks, Jason Calacanis, and David Friedberg or as they call themselves: the Dictator, the Rainman, the Moderator, and the Sultan (yes, really).Revel in their tales of private jets, $500K club memberships, and their noble quest to cut food stamps while engaging in hyper-elitist MAGA cheerleading. Plug in for a first-class tour through cognitive dissonance, private-jet populism, and your regular prescription of alternative media grievance mongering and conspiracy hypothesising.Perfect for anyone who enjoys listening to the top 0.01% share their insights and deep connection with the common man's struggles. Enjoy... because we certainly did not!SourcesAll-In Podcast: Trump's First 100 Days, Tariffs Impact Trade, AI Agents, Amazon Backs DownAll-In Podcast: Trump wins! How it happened and what's nextAll-In Podcast: The Great Tariff Debate with David Sacks, Larry Summers, and Ezra KleinAll-In Podcast Website
Eliot and Eric welcome Larry Summers, former President of Harvard University and former Secretary of Treasury in the Clinton Administration. They discuss why his prescient advice about the dangers of inflation were ignored by the Biden Administration and whether or not Democrats have learned the lesson that inflation affects all Americans with corrosive political effects. They also touch on the prospects for the US economy given Trump's misguided and haphazard policies as well as the role they have played in the decline of the stock market and dollar and increase in bond yields and touch on the role that the loss of the US reputation for being a rule of law nation might have on long run prospects for the economy. They also examine his role as President of Harvard, his determination to participate in ROTC commissioning ceremonies, the danger of identity concerns devolving into a "victimization Olympics," his concerns about the decline of universities as an ivory tower where the search for truth goes on as well as the excesses of anti-Semitism that Harvard among other universities have suffered as well as more general reflections on the role of universities on the nation's public life. Larry Summers on Conversations with Bill Kristol: https://conversationswithbillkristol.org/conversation/larry-summers-trump-tariffs-threats-us-economy/ Shield of the Republic is a Bulwark podcast co-sponsored by the Miller Center of Public Affairs at the University of Virginia.
Larry Summers on Team Trump's economic policies, the attack on academia and the future of artificial intelligence.
Yascha Mounk and Larry Summers also discuss the administration's tariffs. Lawrence H. Summers is the Charles W. Eliot University Professor and President Emeritus at Harvard University. He served as the 71st Secretary of the Treasury for President Clinton and the Director of the National Economic Council for President Obama. In this week's conversation, Yascha Mounk and Larry Summers discuss why tariffs are so concerning, how Harvard should react to the Trump administration cutting its funding, and whether the Democratic Party can become a credible opposition. Podcast production by Jack Shields and Leonora Barclay. Connect with us! Spotify | Apple | Google X: @Yascha_Mounk & @JoinPersuasion YouTube: Yascha Mounk, Persuasion LinkedIn: Persuasion Community Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of The Startup Podcast, Chris Saad and Yaniv Bernstein react to former Meta executive Sarah Wynn-Williams' jaw-dropping testimony in front of the US Senate Judiciary Committee. She alleges Facebook put profits above all else—including the mental health of young users and even national security.Plus, we discuss the political theater of NVIDIA's $500B commitment to US AI infrastructure, the All-In Podcast's unexpected showdown between billionaires and policy heavyweights, and briefly touching on OpenAI's latest drop: the GPT-4.1 model.In this episode, you will;• Discover what the whistleblower claims Meta did to manipulate teen users• Understand the China connection and how censorship tools allegedly fit in• Hear why the hosts compare Meta's behavior to the tobacco industry• Learn how this trial could reshape public and legal perception of Big Tech• Analyze whether NVIDIA's $500B “AI in America” move is genuine or political theater• Break down Ezra Klein and Larry Summers' takedown of the All-In bros• Explore OpenAI's GPT-4.1 model and what it means for the future of software engineering• Reflect on whether personal AI agents like ChatGPT are becoming too indispensable to switch away from• Learn if AI just a buzzword — or the key to survival in a volatile startup landscapeThe Pact Honour The Startup Podcast Pact! If you have listened to TSP and gotten value from it, please:Follow, rate, and review us in your listening appSubscribe to the TSP Mailing List to gain access to exclusive newsletter-only content and early-access to information on upcoming episodes: https://thestartuppodcast.beehiiv.com/subscribe Secure your official TSP merchandise at https://shop.tsp.show/ Follow us here on YouTube for full-video episodes: https://www.youtube.com/channel/UCNjm1MTdjysRRV07fSf0yGg Give us a public shout-out on LinkedIn or anywhere you have a social media following Key linksThe Startup Podcast is sponsored by Vanta. Vanta helps businesses get and stay compliant by automating up to 90% of the work for the most in demand compliance frameworks. With over 200 integrations, you can easily monitor and secure the tools your business relies on. For a limited-time offer of US$1,000 off, go to www.vanta.com/tsp.Get your question in for our next Q&A episode: https://forms.gle/NZzgNWVLiFmwvFA2A The Startup Podcast website: https://tsp.show Learn more about Chris and YanivWork 1:1 with Chris: http://chrissaad.com/advisory/ Follow Chris on Linkedin: https://www.linkedin.com/in/chrissaad/ Follow Yaniv on Linkedin: https://www.linkedin.com/in/ybernstein/Producer: Justin McArthur https://www.linkedin.com/in/justin-mcarthurContent Strategist: Carolina Franco https://www.linkedin.com/in/francocarolina/Intro Voice: Jeremiah Owyang https://web-strategist.com/
Markets are nervous, liquidity is drying up, and political messaging is inconsistent at best. In this week's Bits + Bips, the crew unpacks the shifting mood across capital markets and what it will take to bring back the risk-on energy. From Trump's high-stakes tariff strategy to whispers of deregulation, tax cuts, and even capital flooding, the stakes are rising. Plus: What would trigger a “Trump put” Will crypto finally benefit from the global chaos? Whether the devaluation of the yuan could be a big moment And how animal spirits might return… if they're properly incentivized Show highlights: Sponsors: Bitwise Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Joe McCann, Founder, CEO, and CIO of Asymmetric Ram Ahluwalia, CFA, CEO and Founder of Lumida Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter Links Newsweek: Steve Bannon's 'Flood the Zone' Strategy Explained Amid Trump Policy Blitz Cointelegraph: Senator Tim Scott is confident market structure bill passed by August CoinDesk: Donald Trump's Memecoin Faces Massive $320M Token Unlock Amid Record Low Price Decrypt: Canada to Launch 'World First' Spot Solana ETFs With Staking This Week: Balchunas YouTube: The Great Tariff Debate with David Sacks, Larry Summers, and Ezra Klein Bloomberg: Investors Fear Another Big Blowup of Basis Trade as Treasuries Lose Haven Status Wall Street Journal: China's March Lending Jumped on Government Stimulus Push CoinTelegraph: Bitcoin Shows Growing Strength During Market Downturn — Wintermute Timestamps:
Larry Summers, former Treasury Secretary discusses Harvard's recent clash with the Trump administration. He is joined by Bloomberg's David Westin and Janet Lorin.See omnystudio.com/listener for privacy information.
Markets are nervous, liquidity is drying up, and political messaging is inconsistent at best. In this week's Bits + Bips, the crew unpacks the shifting mood across capital markets and what it will take to bring back the risk-on energy. From Trump's high-stakes tariff strategy to whispers of deregulation, tax cuts, and even capital flooding, the stakes are rising. Plus: What would trigger a “Trump put” Will crypto finally benefit from the global chaos? Whether the devaluation of the yuan could be a big moment And how animal spirits might return… if they're properly incentivized Show highlights: Sponsors: Bitwise Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Joe McCann, Founder, CEO, and CIO of Asymmetric Ram Ahluwalia, CFA, CEO and Founder of Lumida Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter Links Newsweek: Steve Bannon's 'Flood the Zone' Strategy Explained Amid Trump Policy Blitz Cointelegraph: Senator Tim Scott is confident market structure bill passed by August CoinDesk: Donald Trump's Memecoin Faces Massive $320M Token Unlock Amid Record Low Price Decrypt: Canada to Launch 'World First' Spot Solana ETFs With Staking This Week: Balchunas YouTube: The Great Tariff Debate with David Sacks, Larry Summers, and Ezra Klein Bloomberg: Investors Fear Another Big Blowup of Basis Trade as Treasuries Lose Haven Status Wall Street Journal: China's March Lending Jumped on Government Stimulus Push CoinTelegraph: Bitcoin Shows Growing Strength During Market Downturn — Wintermute Timestamps:
Donald Trump is attempting something no leader has done before—unwind the global economic order. In this episode, Financial Times columnist and CNN analyst Rana Foroohar joins us to unpack Trump's economic strategy, the unraveling of Bretton Woods, and whether America is becoming an emerging market. From soaring bond yields to declining dollar strength, we explore what markets are signaling, how business leaders are reacting, and why this may mark the end of the neoliberal era. ------
Ali Velshi is joined by President and Founder of the Eurasia Group & GZERO Media Ian Bremmer, former Chairman and President of the Export-Import Bank of the United States Fred Hochberg, former Associate at Skadden, Arps, Slate, Meagher, & Flom Rachel Cohen, Managing Partner of Mark S. Zaid, P.C. Mark Zaid, former Secretary of Treasury Lawrence Summers, North Carolina Supreme Court Justice Allison Riggs, Senior Associate Dean for Leadership at the Yale School of Management Jeffrey Sonnenfeld & fmr. asst. Chief Negotiator for the Office of the U.S. Trade Representative J. Nicole Bivens Collinson
(0:00) Bestie intros! (0:58) Reacting to Trump targeting China and postponing all other reciprocal tariffs (21:21) Measures for success of tariffs, debating the impact of letting China into the WTO (46:14) Is the US being exploited on trade? Was free trade a mistake? (1:02:01) Recession chances, How the Trump administration gathers information (1:19:39) Future of the Democratic Party, Abundance agenda, DOGE (1:51:00) The Besties recap the debate and Chamath recaps the Breakthrough Prize Ceremony Follow Larry: https://x.com/LHSummers Follow Ezra: https://x.com/ezraklein Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://truthsocial.com/@realDonaldTrump/posts/114309144289505174 https://x.com/WhiteHouse/status/1910058352278708638 https://www.wsj.com/politics/policy/why-trump-blinked-on-tariffs-b588aea8 https://breakthroughprize.org
For a special edition of the GZERO World Podcast, Ian Bremmer sits down with former Treasury Secretary Larry Summers to get his economic assessment of President Trump's unprecedented imposition of tariffs, which has sparked an escalating trade war. "I don't see this as a rational way of either pursuing the objective of strengthening US manufacturing or the objective of reducing other countries' trade barriers," Summers tells Bremmer. "This is probably the worst, most consequential, self-inflicted wound in US economic policy since the Second World War."Summers, who was also at one point the President of Harvard University, is especially astonished by the lack of backbone that certain institutions, from universities to law firms, have shown when it comes to standing up against the Trump administration. "History will record of the United States establishment at this moment, that it allowed itself to be especially cowed...If Harvard is not prepared to speak up... it's hard to imagine who will."Host: Ian BremmerGuest: Larry Summers Subscribe to the GZERO World with Ian Bremmer Podcast on Apple Podcasts, Spotify, or your preferred podcast platform, to receive new episodes as soon as they're published.
For a special edition of the GZERO World Podcast, Ian Bremmer sits down with former Treasury Secretary Larry Summers to get his economic assessment of President Trump's unprecedented imposition of tariffs, which has sparked an escalating trade war. "I don't see this as a rational way of either pursuing the objective of strengthening US manufacturing or the objective of reducing other countries' trade barriers," Summers tells Bremmer. "This is probably the worst, most consequential, self-inflicted wound in US economic policy since the Second World War."Summers, who was also at one point the President of Harvard University, is especially astonished by the lack of backbone that certain institutions, from universities to law firms, have shown when it comes to standing up against the Trump administration. "History will record of the United States establishment at this moment, that it allowed itself to be especially cowed...If Harvard is not prepared to speak up... it's hard to imagine who will."Host: Ian BremmerGuest: Larry Summers Subscribe to the GZERO World with Ian Bremmer Podcast on Apple Podcasts, Spotify, or your preferred podcast platform, to receive new episodes as soon as they're published.
W środę 26 marca gościem Analiz Live jest Magdalena Polan, Head of Emerging Markets Macro Research, PGIM Fixed Income, która została zasypana gradem pytań przez Roberta Stanilewicza, a potem też Widzów. Czy cła dla amerykańskiej inflacji nie są takie straszne, jak je malowano? Dlaczego ostatnio szef Rezerwy Federalnej opisując możliwe inflacyjne skutki ceł, użył słynnego słowa „transitory” i dlaczego słynny Larry Summers (były sekretarz skarbu) mówi, że J. Powell powinien wysłać to słowo na emeryturę? Czy Donald Trump walczy cłami, czy tylko udaje? Czy Europa wywinie się z taryfowego uścisku USA? O co toczy się gra na walutach? Czy słynny plan Mar-a-Lago accord jest wykonalny? Kto skorzysta, a kto straci na sztucznym osłabieniu dolara, jeśli do niego dojdzie? Kiedy wrócą cięcia stóp w Polsce i USA? Czy obligacje będą drożeć, czy może im przeszkodzić w tym ogromna skala wydatków na kredyt na infrastrukturę i armie w Europie? No i jak inwestorzy w wielkich globalnych firmach patrzą teraz na Turcję? Po odpowiedzi na te pytania zapraszamy do podcastu!
Public Safety Minister David McGuinty breaks down the border action Prime Minister Justin Trudeau promised U.S. President Donald Trump to secure a 30-day pause on tariffs, and reacts to Trump's call to negotiate 'a final economic deal.' Plus, Democratic Rep. Greg Stanton and former U.S. treasury secretary Larry Summers discuss American reactions to Trump's series of threats against the country's allies.
IntroductionLIVE from your ESG Hanukkah Jesus Bush, it's a Business Pants Friday Show here at December 20th Studios, featuring AnalystHole Matt Moscardi. On today's YEARLY wrap up: Everything.Our show today is being sponsored by Free Float Analytics, the only platform measuring board power, connections, and performance for FREE.Story of the Year (DR):Exxon Sues Two ESG Investors [Follow This, Arjuna Capital] MMJudge voids Elon Musk's "unfathomable" $56 billion Tesla pay packageBoeingBoeing CEO says it was 100% his own decision to resignBoeing CEO's tearful apologyBoeing pleads guilty to fraud in fatal 737 Max crashes, fined $243.6 millionBoeing names Robert ‘Kelly' Ortberg as new president and CEOBoeing factory workers strike for first time since 2008 after overwhelmingly rejecting contractTrump's victory adds record $64bn to wealth of richest top 10The Murder of Brian Thompson, UnitedHealthcare C.E.O. DRGoodliest of the Year (MM/DR):DR: 2,000 senior women win “biggest victory possible” in landmark climate caseMore than 2,000 older Swiss women have won a landmark European case proving that government climate inaction violates human rights.The European Court of Human Rights (ECHR) ruled Tuesday that Switzerland had not acted urgently to achieve climate targets, leading victims, who are mostly in their 70s, to suffer physically and emotionally while potentially placed at risk of dying.The women, part of a group called KlimaSeniorinnen (Senior Women for Climate Protection), filed the lawsuit nine years ago. DR: Minnesota capital St. Paul makes history as first large U.S. city with all-female councilDR: Delta paying $1.4 billion in profit sharing payments to employeesDR: 42% of shareholders vote against BlackRock CEO Larry Fink's payMM: Stakeholders rule: U.S. bans noncompete agreements for nearly all jobs: MM“30 million people, or one in five American workers are bound by noncompetes. It will take effect later this year, except for existing noncompetes that companies have with senior executives ‘on the grounds that these agreements are more likely to have been negotiated.'”MM: Women > men: First NCAA women's basketball championship surpasses men's viewership: DR“Iowa-South Carolina game averaged 19 million viewers, 24M in the final 15 minutes. Men's averaged 15 million. Year of renegotiating for women's basketball.”MM: Porn figures it out: A Pornhub Chatbot Stopped Millions From Searching for Child Abuse VideosMeanwhile… “Google's Search AI Recommends Changing Your Car's Blinker Fluid, Which Is a Made Up Thing That Does Not Exist.”Researchers Call for "Child-Safe AI" After Alexa Tells Little Girl to Stick Penny in Wall SocketGoogle's Gemini Chatbot Explodes at User, Calling Them "Stain on the Universe" and Begging Them To "Please Die"Meta's AI Refuses to Show Asian Men With White WomenMM: Study: Playing Dungeons & Dragons helps autistic players in social interactions Assholiest of the YEAR (MM):Sam AltmanSam Altman will return to OpenAI's board with three new directors“Our primary fiduciary duty is to humanity.” - So let's summarize - we have a board with Bret Taylor (ex Twitter chair, Salesforce founder, worked at Google, worked at Facebook and created the like button), Larry Summers (grumpy grandpa Harvard who thinks women are unable to compete with men and was master of Harvard when Zuck founded Facebook), Adam D'Angelo (founder of Quora, former CTO of Facebook), Sue DH (who was on board of Facebook), Fidji Simo (who lead monetization at Facebook), and the only NON FB alums Sam Altman (the master and founder) and Nicole Seligman (who oversaw one of the largest hacks in history and has a history on boards of CBS/Viacom under dictators)...Proxy voters DRDisney Shareholders Are Selling Their Proxy Votes Online - IndieWireA share of Disney is currently hovering at $118.Buying the vote is currently valued at $0.20.The current economic value to shareholder right value multiple is 590:1McDonald's CEO Kempczinski to assume role of board chairmanMiles White named Lead Independent DirectorDirector since 2009 (15 years)Connected to 58% of the CURRENT boardHas nearly 40 loops back to board members in the last 7 years aloneWas on the board for the disaster that was Steve EasterbrookMiles is part of the Boeing American Board Other board history:LIDsThere are 284 US large caps out of just over 600 with CEO/Chair combo, founder, or executive chair and a Lead Independent Director on the board - that's 47% of US large cap boardsAt 59% the LID has 10+ years of tenureAt 29% BOTH the executive AND the LID have more than 10 years of tenure - as in they worked together for a decadeAppointments, not electionsNumber of new directors appointed from 6/1/23 to 6/1/24: 1,875Average time between appointment and election: ~4 monthsThomas Gayner was added to the Coca Cola board and served 10 full months before he got a vote from investors - and they voted 39.1% AGAINST SEC charge hinges on director's lack of ‘social independence'20% of every US large cap board is connected inside two degrees JUST FROM OTHER BOARDSWe just covered Parker Hannifin on our show Proxy Countdown and found that 100% of the board worked within 250 miles of one another, and 40% of them were from Ohio!Boeing InvestorsLawsuit Against Boeing's Board Seeks Accountability for Safety FailuresBill AckmanAfter his wife is outed as having plagiarized (lightly?) in her dissertation, he posted on Wednesday a 4,200 word post defending his wife, detailing his personal trauma…And now, the part that only billionaires can do because the rest of us asshole poorsies don't rate…I reached out to a board member I knew at BI, and to its controlling shareholders, the co-ceos of KKR, and to Mathias Döpfner, the Chairman and CEO of Axel SpringerI reached out to Joe Bae because he is Co-CEO of KKRI reached out to Henry Kravis because he is KKR's representative on the board of Axel SpringerI called a board member of BI that I knew, but not well, on Saturday“After spending a lot of time over the past few weeks looking at and thinking about the definition of “plagiarism” (and some cited examples), I agree with you about it. Academia needs to narrow the definition.I made one request. I asked him to publicly disclose that Axel Springer had launched an investigation of the story, and he said he would have to get back to me on that request.Billionaire Bill Ackman Accuses The Walt Disney Company Of Leaking Shareholder Votes Amidst Nelson Peltz Proxy ... - That Park PlaceMeritocracyJ.M. Smucker's CEO says the family-run business is a 'meritocracy'Alex Edmans The anti-ESG, racist-veiled-as-meritocracy crowd noticed an ESG prof keeps saying “DEI” and “lies” in the same postsStrive puts him on a webinar called “DEI May Contain Lies” - Edmans seems to not know or acknowledge the fact that Strive votes explicitly against women on boards at a 2:1 rate versus average REGARDLESS OF PERFORMANCE (we have the data to show it)Elon Musk is lashing out at MacKenzie Scott, Jeff Bezos' ex, for donating billions to charities for women and minorities“Super rich ex-wives who hate their former spouse' should filed be listed among 'Reasons that Western Civilization died'”Texas is using Boeing's troubles to expand its war on DEI“Documents that Spirit relies on to substantiate its claim that a diverse workplace improves product quality.”“Produce all meeting minutes of Spirit's Global Diversity & Inclusion Council(s). Meeting minutes is defined to include any document that memorializes the agenda or discussion of any meetings held by these groups.Target to pull LGBTQ-themed items from some stores during Pride Month, Bloomberg News reportsMeta created an AI advisory council that's composed entirely of White menPat Collison, cofounder of StripeNat Friedman, ex GitHub CEOTobi Lutke, CEO of ShopifyCharlie Songhurst, angel investor and ex-MSFTTractor Supply's Customers Cheer as It Dumps ESG, Says Survey, Microsoft reportedly fires DEI team — becoming latest company to ditch ‘woke' policy, John Deere Cuts 'Woke' Programs, Moves Jobs to Mexico, Harley-Davidson Sparks Boycott Call for Going 'Totally Woke'Larry Ellison Will Control Paramount After Deal, Filing ShowsDavid Ellison looked like he was buying it, but filing shows Daddy Larry will actually control 77% of National Amusements, the controlling shareholder of Paramount, when the deal is completedTyson's finance chief is out of the job. The Tyson heir got the gig at 32, making him the youngest Fortune 500 CFOThe interim CFO Curt Calaway will now be the ACTUAL CFO, but I'm not sure he's the right fit because he only had 11 years experience as an auditor followed by 18 years experience in finance at Tyson.Matt Gaetz, Vivek, Elon, Tulsi Gabbard, cabinet appointmentsWhite menThe value of male influence on boards in the US:Small cap, a man's influence is worth 1.7x a woman (women occupy 28% boards)Mid cap, a man's influence is worth 1.7x a woman (women occupy 31% boards)Large cap, a man's influence is worth 1.6x a woman (women occupy 33% boards)Mega cap, a man's influence is worth 1.8x a woman (women occupy 36% boards)Bumble and Hinge Let Creeps See Your Exact Locationmen can now make the first move, and the company is now run by a man - men coming out on top at last!White men who are mistreated at work are more likely to notice and report harassment against coworkersAirline says it's testing a booking tool that lets women select seats away from menA Brief List of People Elon Musk Has Challenged to Combat and Then Chickened Out of Actually FightingWhy men get more credit than women for doing the same work, according to a business school professorAs a case in point, consider the experience of Joan Roughgarden. Joan transitioned from male to female during her tenure as a biology professor at Stanford University. When Roughgarden's colleagues perceived her as a man, they took her competence as a given. After her transition, though, Joan found she had “to establish competence to an extent that men never have to. [Men are] assumed to be competent until proven otherwise, whereas a woman is assumed to be incompetent until she proves otherwise,” she recalled. “I remember going on a drive with a man. He assumed I couldn't read a map.”Elon Musk Suggests That Government Should Be Replaced by Dudes With High TestosteroneProblems associated with artificially high testosterone levels in men include:low sperm counts, shrinking of the testicles and impotenceheart muscle damage and increased risk of heart attackprostate enlargement with difficulty urinatingliver diseaseacnefluid retention with swelling of the legs and feetweight gain, perhaps related in part to increased appetitehigh blood pressure and cholesterolinsomniaheadachesincreased muscle massincreased risk of blood clotsstunted growth in adolescentsuncharacteristically aggressive behavior (although not well studied or clearly proven)mood swings, euphoria, irritability, impaired judgment, delusions.MEN AS AN INVESTABLE ASSET CLASS?This isn't a joke - there are 69… yes, 69… US companies with zero women on the board and another 10 that have women with 0% influenceNathan's Famous hot dog board - 10 directors, 1 woman, 9 men… female influence on the board = 0% according to FFA dataZERO people of colorInsiders own 30% of the company (all white dudes), but the largest external manager GAMCO/Gabelli (14% of shares) PMs are all men that hold Nathan's - men holding men!Oglethorpe Power is my new favorite MANCOMPANY - the board:Airbnb CEO Brian Chesky says women founders say they can't go 'founder mode' like men and that it needs to changeHeadliniest of the YearDR: Elon Musk's $46 billion payday is 'not about the money,' Tesla chair saysDR: Google Helpless to Stop Its AI From Recommending Glue on PizzaDR: Jamie Dimon saysDR: ESG is Coming For Your Toilet Paper DRDR: X global affairs head Nick Pickles resignsMM: Anti-woke: A definitive list of woke and non-woke foods - New Zealand HeraldBeans = wokeBaked Beans = not wokePotato chips (salted, salt and vinegar) = not wokePotato chips (any other flavor) = wokeSpaghetti = wokeCanned spaghetti = wokeQuinoa (pronounced keen-wah) = wokeQuinoa (pronounced quin-oh-ah) = slightly less woke but still wokeMM: Cybertruck: Maine Man Alarmed When Everybody Mocks His Cybertruck, Flips Him Off MMThe Cybertruck faces another setback as it recalls more than 11,000 vehicles over its giant wiperMM: MeritocracyNASA Praises Boeing's Stranded Starliner for Managing Not to Explode While Docked to Space StationMM: Awesome:Police Warn Residents to Lock Down Houses as Dozens of Monkeys Escape Research FacilityWho Won the Year?DR:Claudia Sheinbaum Elected as Mexico's First Female Presidente.l.f. BeautyThe Shareholder Primacy podcast with Mike Levin and Ann LiptonShitheads (re: Robby Starbuck, et al)Chancellor Kathaleen McCormick, the first woman to lead Delaware's Court of ChanceryWOMEN'S BASKETBALL!!!!!!Anyone who wants free director data - we lifted the paywalls on freefloatanalytics.com, so you get 80,000 active directors globally, influence metrics, and four performance metrics for every single one. Suck it ISS.MM: Proxy votersFREE FLOAT ANALYTICS IS FREE for 80,000 current directors with some performance metricsOur clientsFrom the Gates' Foundation's asset manager to Fidelity, Free Float's clients get it ALL - historical data, knowledge maps, connectivity data that includes now non profit boards, we're working on lobbying data, diversity data, and all packaged with expert findings and ad hoc research directly from usDamionNever has he been more credibleCapitalismKnowing WHO runs the world is much more important than knowing WHAT runs the worldNon profits moving companiesWe worked with a half dozen non profits this year who needed data to influence companies - and we gave it to them, so much so we're starting a non profit of our own to donate data to and throughPredictionsWe'll start 2025 with a Predictions show and look back at lost year's predictions
Farmer is the Baillie Gifford Professor of Complex Systems at Oxford's Institute for New Economic Thinking. Before joining Oxford in 2012, he worked at Los Alamos National Laboratory and the Santa Fe Institute, where he studied complex systems and economic dynamics. During the 1990s, he took a break from academia to run a successful quantitative trading firm using statistical arbitrage strategies.Farmer has been a pioneer in chaos theory and complexity economics, including the development of agent-based models to understand economic phenomena. His work spans from housing markets to climate change, and he recently authored Making Sense of Chaos exploring complexity science and economic modeling.In This Episode* What is complexity economics? (1:23)* Compliment or replacement for traditional economics (6:55)* Modeling Covid-19 (11:12)* The state of the science (15:06)* How to approach economic growth (20:44)Below is a lightly edited transcript of our conversation. What is complexity economics? (1:23)We really can model the economy as something dynamic that can have its own business cycles that come from within the economy, rather than having the economy just settle down to doing something static unless it's hit by shocks all the time, as is the case in mainstream models.Pethokoukis: What does the sort of economics that people would learn, let's say, in the first year of college, they might learn about labor and capital, supply-demand equilibrium, rational expectations, maybe the importance of ideas. How does that differ from the kind of economics you are talking about? Are you looking at different factors?Farmer: We're really looking at a completely different way of doing economics. Rather than maximizing utility, which is really the central conceptual piece of any standard economic model, and writing down equations, and deducing the decision that does that, we simulate the economy.We assume that we identify who the agents in the and economy are, who's making the decisions, what information do they have available, we give them methods of making the decisions — decision-making rules or learning algorithms — and then they make decisions, those decisions have economic impact, that generates new information, other information may enter from the outside, they make decisions, and we just go around and around that loop in a computer simulation that tries to simulate what the economy does and how it works.You've been writing about this for some time. I would guess — perhaps I'm wrong — that just having more data and more computer power has been super helpful over the past 10 years, 20 years.It's been super helpful for us. We take much more advantage of that than the mainstream does. But yes, computers are a billion times more powerful now than they were when Herb Simon first suggested this way of doing things, and that means the time is ripe now because that's not a limiting factor anymore, as it was in the past.So if you're not looking at capital and labor per se, then what are the factors you're looking at?Well, we do look at capital and labor, we just look at them in a different way. Our models are concerned about how much capital is there to invest, what labor is available. We do have to assign firms production functions that tells, given an amount of capital and labor and all their other inputs, how much can the firms produce? That part of the idea is similar. It's a question of the way the decision about how much to produce is made, or the way consumers decide how much to consume, or laborers decide at what price to provide their labor. All those parts are different.Another difference — if I'm understanding it correctly — is, rather than thinking about economies that tend toward equilibrium and focusing how outside shocks may put an economy in disequilibrium, you're looking a lot more at what happens internally. Am I correct?We don't assume equilibrium. Equilibrium, it has two senses in economics: One is supply equals demand. We might or might not run a model where we assume that. In many models we don't, and if that happens, that's great, but it's an outcome of the model rather than an assumption we put in at the beginning.There's another sense of equilibrium, which is that everybody's strategy is lined up. You've had time to think about what you're doing, I've had time to think about what I'm doing, we've both come to the optimal decision for each of us to make, taking the other one into account. We don't assume that, as standard models typically do. We really can model the economy as something dynamic that can have its own business cycles that come from within the economy, rather than having the economy just settle down to doing something static unless it's hit by shocks all the time, as is the case in mainstream models. We still allow shocks to hit our models, but the economy can generate dynamics even without those shocks.This just popped in my head: To whom would this model make more intuitive sense, Karl Marx or Adam Smith?Adam Smith would like these models because they really allow for emergent behavior. That is, Smith's whole point was that the economy is more than the sum of its parts, that we get far more out of specializing than we do out of each acting like Robinson Crusoes. Our way of thinking about this gets at that very directly.Marx might actually like it too, perhaps for a different reason. Marx was insightful in understanding the economy as being like, what I call in the book, the “metabolism of civilization.” That is, he really did recognize the analogy between the economy and the metabolism, and viewed labor as what we put together with natural resources to make goods and services. So those aspects of the economy are also embodied in the kind of models we're making.I think they both like it, but for different reasons.Compliment or replacement for traditional economics (6:55)There are many problems where we can answer questions traditional methods can't even really ask.The way I may have framed my questions so far is that you are suggesting a replacement or alternative. Is what you're suggesting, is it one of those things, or is it a compliment, or is it just a way of looking at the world that's better at answering certain kinds of questions?I think the jury is out to find the answer to that. I think it is certainly a compliment, and that we're doing things very differently, and there are some problems where this method is particularly well-suited. There are many problems where we can answer questions traditional methods can't even really ask.That said, I think time will tell to what extent this replaces the traditional way of doing economics. I don't think it's going to replace everything that's done in traditional economics. I think it could replace 75 percent of it — but let me put an asterisk by that and say 75 percent of theory. Economists do many different things. One thing economists do is called econometrics, where they take data and they build models just based on the data to infer things that the data is telling them. We're not talking about that here. We're talking about theories where economists attempt to derive the decisions and economic outcomes from first principles based on utility maximization. That's what we're talking about providing an alternative to. The extent to which it replaces that will be seen as time will tell.When a big Wall Street bank wants to make a forecast, they're constantly incorporating the latest jobless claims numbers, industrial production numbers, and as those numbers get updated, they change their forecasts. You're not using any of that stuff?Well, no. We can potentially could ingest any kind of data about what's going on.But they're looking at big, top-down data while you're bottom-up, you're sort of trying to duplicate the actual actors in the economy.That is true, but we can adjust what's at the bottom to make sure we're matching initial conditions. So if somebody tells us, “This is the current value of unemployment,” we want to make sure that we're starting our model out, as we go forward, with the right level of unemployment. So we will unemploy some of the households in our model in order to make sure we're matching the state of unemployment right now and then we start our simulation running forward to see where the economy goes from here.I would think that the advent of these large language models would really take this kind of modeling to another level, because already I'm seeing lots of papers on their ability to . . . where people are trying to run experiments and, rather than using real people, they're just trying to use AI people, and the ability to create AI consumers, and AI in businesses — it would have to be a huge advance.Yes. This is starting to be experimented with for what we do. People are trying to use large language models to model how people actually make decisions, or let's say, to simulate the way people make decisions, as opposed to an idealized person that makes perfect decisions. That's a very promising line of attack to doing this kind of modeling.Large language models also can tell us about other things that allow us to match data. For example, if we want to use patents as an input in our modeling — not something we're doing yet, but we've done a lot of studies with patents — one can use large language models to match patents to firms to understand which firms will benefit from the patents and which firms won't. So there are many different ways that large language models are likely to enter going forward, and we're quite keen to take advantage of those.Modeling Covid-19 (11:12)We predicted a 21.5 percent hit to UK GDP in the second quarter of 2020. When the dust settled a year later, the right answer was 22.1. So we got very close.Tell me, briefly, about your work with the Covid outbreak back in 2020 and what your modeling said back then and how well it worked.When the pandemic broke out, we realized right away that this was a great opportunity to show the power of the kind of economic modeling that we do, because Covid was a very strong and very sudden shock. So it drove the economy far out of equilibrium. We were able to predict what Covid would do to the UK economy using two basic ideas: One is, we predicted the shock. We did that based on things like understanding a lot about occupational labor. The Bureau of Labor Statistics compiles tables about things like, in a given occupation, how close together do people typically work? And so we assumed if they worked closer together than two meters, they weren't going to be able to go to their job. That combined with several other things allowed us to predict how big the shock would be.Our model predicted how that shock would be amplified through time by the action of the economy. So in the model we built, we put a representative firm in every sector of the economy and we assumed that if that firm didn't have the labor it needed, or if it didn't have the demand for its product, or if it didn't have the inputs it needed, it wouldn't be able to produce its product and the output would be reduced proportional to any of those three limiting factors.And so we started the model off on Day One with an inventory of inputs that we read out of a table that government statistical agencies had prepared for each sector of the economy. And we then just looked, “Well, does it have the labor? Does it have demand? Does it have the goods?” If yes, it can produce at its normal level. If it's lacking any of those, it's going to produce at a lower level. And our model knew the map of the economy, so it knew which industries are inputs to which other industries. So as the pandemic evolved day by day, we saw that some industries started to run out of inputs and that would reduce their output, which, in turn, could cause other industries to run out of their inputs, and so on.That produced quite a good prediction. We predicted a 21.5 percent hit to UK GDP in the second quarter of 2020. When the dust settled a year later, the right answer was 22.1. So we got very close. We predicted things pretty well, industry by industry. We didn't get them all exactly right, but the mistakes we made averaged out so that we got the overall output right, and we got it right through time.We ran the model on several different scenarios. At the time, this was in April of 2020, the United Kingdom was in a lockdown and they were trying to decide what to do next, and we tested several different scenarios for what they might do when they emerged from the full lockdown. The one that we thought was the least bad was keeping all the upstream industries like mining, and forestry, and so on open, but closing the downstream, customer-facing industries like retail businesses that have customers coming into their shop, or making them operate remotely. That was the one they picked. Already when they picked it, we predicted what would happen, and things unfolded roughly as we suggested they would.The state of the science (15:06)Mainstream models can only model shocks that come from outside the economy and how the economy responds to those shocks. But if you just let the model sit there and nothing changes, it will just settle down and the economy will never change.I'm old enough to remember the 1990s and remember a lot of talk about chaos and complexity, some of which even made it into the mainstream, and Jurassic Park, which may be the way most people heard a little bit about it. It's been 30 years. To what extent has it made inroads into economic modeling at central banks or Wall Street banks? Where's the state of the science? Though it sounds like you're really taking another step forward here with the book and some of your latest research.Maybe I could first begin just by saying that before Jurassic Park was made, I got a phone call and picked up the phone, and the other end of the line said, “Hi, this is Jeff Goldblum, have you ever heard of me?” I said, “Yeah.” And he said, “Well, we're making this movie about dinosaurs and stuff, and I'm going to play a chaos scientist, and I'm calling up some chaos scientists to see how they talk.” And so I talked to Jeff Goldblum for about a half an hour. A few of my other friends did too. So anyway, I like to think I had a tiny little bit of impact on the way he behaved in the movie. There were some parallels that it seemed like he had lifted.Chaos, it's an important underlying concept in explaining why the weather is hard to predict, it can explain some forms of heart arrhythmias, we use it to explain some of the irregular behavior of ice ages. In economics, it was tossed around in the '90s as something that might be important and rejected. As I described in the book, I think it was rejected for the wrong reasons.I'm proposing chaos, the role it plays in here is that, there's a debate about business cycles. Do they come from outside? The Covid pandemic was clearly a business cycle that came from outside. Or do they come from inside the economy? The 2008 financial crisis, I would say, is clearly one that came from inside the economy. Mainstream models can only model shocks that come from outside the economy and how the economy responds to those shocks. But if you just let the model sit there and nothing changes, it will just settle down and the economy will never change.In contrast, the kinds of models we build often show what we call endogenous business cycles, meaning business cycles that the model generates all on its own. Now then, you can ask, “Well, how could it do that?” Well, basically the only plausible way it can do that is through chaos. Because chaos has two properties: One is called sensitive dependence on initial conditions, meaning tiny changes in the present can cause large changes in the future; but the other is endogenous motion, meaning motion that comes from within the system itself, that happens spontaneously, even in very simple systems of equations.Would something like consumer pessimism, would that be an external shock or would something more internal where everybody, they're worried about the futures, then they stop spending as much money? How would that fit in?If the consumer pessimism is due to the fear of a nuclear war, I would say it's outside the economy, and so that's an external shock. But if it's caused by the fact that the economy just took a big nose dive for an internal reason, then it's part of the endogenous dynamicsI spent many years as a journalist writing about why the market's going up, the market's going down, and by the end of the day, I had to come up with a reason why the market moved, and I could — I wasn't always quite confident, because sometimes it wasn't because of a new piece of data, or an earnings report, they just kind of moved, and I had no real reason why, even though I had to come up . . . and of course it was when I was doing that was when people started talking about chaos, and it made a lot of intuitive sense to me that things seem to happen internally in ways that, at least at the time, were utterly unpredictable.Yeah, and in fact, one of the studies I discuss in the book is by Cutler, Poterba, and Summers — the Summers would be Larry Summers — where they did something very simple, they just got the 100 largest moves of the S&P index, they looked up what the news was the next day about why they occurred in the New York Times, and they subjectively marked the ones that they thought were internally driven, versus the ones that were real news, and they concluded they could only find news causes for about a third of them.There is always an explanation in the paper; actually, there is one day on the top 12 list where the New York Times simply said, “There appears to be no cause.” That was back in the '40s, I don't think journalists ever say that anymore. I don't think their paper allows them to do it, but that's probably the right answer about two-thirds of the time, unless you count things like “investors are worried,” and, as I point out in the book, if the person who invests your money isn't worried all the time, then you should fire them because investors should worry.There are internal dynamics to markets, I actually show some examples in the book of simple models that generate that kind of internal dynamics so that things change spontaneously.How to approach economic growth (20:44)I'm not saying something controversial when I say that technological change is the dominant driver of economic growth, at least for the economy as a whole. You recently founded a company, Macrocosm, trying to put some of these ideas to work to address climate change, which would seem to be a very natural use for this kind of thinking. What do you hope to achieve there?We hope to provide better guidance through the transition. We're trying to take the kind of things we've been doing as academics, but scale them up and reduce them to practice so they can be used day-in and day-out to make the decisions that policymakers and businesspeople need to make as the transition is unfolding. We hope to be able to guide policymakers about how effective their policies will be in reducing emissions, but also in keeping the economy going and in good shape. We hope to be able to advise businesses and investors about what investments to make to make a profit while we reduce emissions. And we think that things have changed so that climate change has really become an opportunity rather than a liability.I write a lot about economic growth and try to figure out how it works, what are the key factors. . . What insights can you give me, either on how you think about growth and, since I work at a think tank, the kind of policies you think policy makers should be thinking about, or how should they think about economic growth, since that seems to be on top-of-mind in every rich country in the world right now?I'm not saying something controversial when I say that technological change is the dominant driver of economic growth, at least for the economy as a whole. And we've spent a lot of time studying technological change by just collecting data and looking for the patterns in that data: What does the technology cost through time and how rapidly is it deployed? We've done this for 50 or 60 technologies where we look at past technological transitions, because typically, as a technology is coming in, it's replacing something else that's going out, and what we've seen are a couple of striking things:One is, many technologies don't really improve very much over time, at least in terms of cost. Fossil fuels cost about the same as they did 140 years ago once you adjust for inflation. In fact, anything we mine out of the ground costs about the same as it did a hundred years ago.In contrast, solar energy from solar photovoltaic panels costs 1/10,000th what it did when it was introduced in the Vanguard satellite in 1958. Transistors have been going down at 40 percent per year, so they cost about a billionth of what they did back in 1960. So some technologies really make rapid progress, and the economy evolves by reorganizing itself around the technologies that are making progress. So for example, photography used to be about chemistry and film. Photography now is about solid-state physics because it just unhitched from one wagon and hitched itself to another wagon, and that's what's happening through the energy transition. We're in the process of hitching our wagon to the technologies that have been making rapid progress, like solar energy, and wind energy, and lithium ion batteries, and hydrogen catalyzers based on green energy.I think we can learn a lot about the past, and I think that when we look at what the ride should be like, based on what we understand, we think the transition is going to happen faster than most people think, and we think it will be a net saving of moneySo then how do you deal with a wild card, which I think if you look at the past, nuclear power seems like it's super expensive, no progress being made, but, theoretically, there could be — at least in the United States — there could be lots of regulatory changes that make it easier to build. You have all these venture capital firms pouring money into these nuclear startups with small reactors, or even nuclear fusion. So a technology that seems like it's a mature technology, it might be easy to chart its future, all of a sudden maybe it's very different.I'm not arguing we should get rid of nuclear reactors until they run their normal lifetime and need to be gotten rid of, but I think we will see that that is not going to be the winning technology in the long run, just because it's going to remain expensive while solar energy is going to become dirt cheap.In the early days, nuclear power had faced a very favorable regulatory environment. The first nuclear reactors were built in the '50s. Until Three Mile Island and Chernobyl happened, it was a very regulatorily friendly environment and they didn't come down in cost. Other countries like France have been very pro-nuclear. They have very expensive electricity and will continue to do so.I think the key thing we need to do is focus on storage technologies like green hydrogen. Long-term storage batteries have already come down to a point where they're beginning to be competitive; they will continue to do so. And in the future, I think we'll get solid-state storage that will make things quite cheap and efficient, but I don't think small modular reactors are going to ever be able to catch up with solar and wind at this point.On sale everywhere The Conservative Futurist: How To Create the Sci-Fi World We Were PromisedMicro Reads▶ Economics* United States Economic Forecast - Deloitte* The Hidden Threat to National Security Is Not Enough Workers - WSJ▶ Business* DOGE Can't Do It All. 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In this episode of NEJM AI Grand Rounds, hosts Raj Manrai and Andy Beam interview Larry Summers about artificial intelligence's transformative potential and its implications for society. The conversation explores Summers' perspective on AI as potentially the most significant technology ever invented, his role on OpenAI's board following the November 2023 leadership transition, and his thoughts on how AI will reshape economics and human society. The episode provides unique insights into AI's development trajectory, the challenges of technological prediction, and the intersection of economics and artificial intelligence. Transcript.
The US has just overcome one abrupt spike in inflation, which may have cost Kamala Harris her bid for the presidency. But now President-elect Donald Trump's policy agenda threatens to cause another one. That's according to Larry Summers, the former US Treasury Secretary and President Emeritus of Harvard University. He speaks to the FT's Martin Wolf – who is standing in for Soumaya Keynes while she is on maternity leave – about the risks to economic stability posed by Trump's proposed tax cuts, trade tariffs and mass expulsion of illegal immigrants, as well as his threats to the rule of law.Martin Wolf is chief economics commentator at the Financial Times. You can find his column hereSubscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
If the 20th century was the American Century then, for Kishore Mahbubani, the controversial Singaporean writer and diplomat, the 21st century is the Asian Century. In his new memoir, Living the Asian Century, Mahbubani - Singapore's longtime permanent representative at the United Nations - offers what he calls an “undiplomatic memoir” of Singapore's rise from an impoverished outlay of the British empire into the world's wealthiest country. It's quite a story and Mahbubani tells it in his own bluntly undiplomatic way. Kishore Mahbubani is a Distinguished Fellow at the Asia Research Institute (ARI), National University of Singapore (NUS). Mr Mahbubani has been privileged to enjoy two distinct careers, in diplomacy (1971 to 2004) and in academia (2004 to 2019). He is a prolific writer who has spoken in many corners of the world. In diplomacy, he was with the Singapore Foreign Service for 33 years (1971 to 2004). He had postings in Cambodia, Malaysia, Washington DC and New York, where he twice was Singapore's Ambassador to the UN and served as President of the UN Security Council in January 2001 and May 2002. He was Permanent Secretary at the Foreign Ministry from 1993 to 1998. As a result of his excellent performance in his diplomatic career, he was conferred the Public Administration Medal (Gold) by the Singapore Government in 1998. Mr Mahbubani joined academia in 2004, when he was appointed the Founding Dean of the Lee Kuan Yew School of Public Policy (LKY School), NUS. He was Dean from 2004 to 2017, and a Professor in the Practice of Public Policy from 2006 to 2019. In April 2019, he was elected as an honorary international member to the American Academy of Arts and Sciences, which has honoured distinguished thinkers, including several of America's founding fathers, since 1780. Mr Mahbubani was awarded the President's Scholarship in 1967. He graduated with a First Class Honours degree in Philosophy from the University of Singapore in 1971. From Dalhousie University, Canada, he received a Master's degree in Philosophy in 1976 and an honorary doctorate in 1995. He spent a year as a fellow at the Center for International Affairs at Harvard University from 1991 to 1992. He has achieved several “firsts” in his two careers. He was the Founding Dean of the LKY School, the founding Director of the Civil Service College, the first Singapore Ambassador to serve on the UN Security Council, the first Singaporean to publish articles in globally renowned journals and newspapers like Foreign Affairs, Foreign Policy, the New York Times and the Financial Times and co-authored articles with distinguished global thought leaders like Kofi Annan, Klaus Schwab and Larry Summers. Mr Mahbubani has never shied away from taking on new challenges. He is also a prolific author, having published nine books: Can Asians Think?; Beyond the Age of Innocence; The New Asian Hemisphere; The Great Convergence; Can Singapore Survive?; The ASEAN Miracle (co-authored with Jeffery Sng); Has the West Lost It?; Has China Won?; and The Asian 21st Century, an open access book which has received over 3 million downloads. His memoir, Living the Asian Century, will be released in August 2024. Mr Mahbubani has received significant international recognition for his many accomplishments. The Foreign Policy Association Medal was awarded to him in New York in June 2004 with the following opening words in the citation: “A gifted diplomat, a student of history and philosophy, a provocative writer and an intuitive thinker”. He was listed as one of the top 100 public intellectuals in the world by Foreign Policy and Prospect magazines in September 2005, and included in the March 2009 Financial Times list of Top 50 individuals who would shape the debate on the future of capitalism. He was selected as one of Foreign Policy's Top Global Thinkers in 2010 and 2011. In 2011, he was described as “the muse of the Asian century”. He was selected by Prospect magazine as one of the top 50 world thinkers for 2014.Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.Keen On 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 keenon.substack.com/subscribe
Former US Treasury Secretary & Wall Street Week Contributor Larry Summers speaks on the state of US Economy and the US Election with Bloomberg's David Westin. See omnystudio.com/listener for privacy information.
Move over, first class passengers on the Titanic! America has a new class of doomed elites! Extreme income inequality threatens our democracy and the security of the world, but unions are fighting back, showing our path forward for the safety of everyone. C.E.O.s and billionaires celebrate record-breaking profits, but for everyday workers, wages have remained stagnant, not keeping pace with the rising cost of living. The result? The American Dream is increasingly resembling a Neoliberal Ponzi Scheme, where the promise of prosperity seems to be reserved for nepo-babies. Beyond the obvious moral implications, income inequality has profound consequences for our society. It undermines trust in institutions, worsens political instability, and contributes to declining life expectancy—a stark reality in America today. When the rich get richer and the rest of us get left behind, it doesn't just create social rifts; it destabilizes the United States, and therefore the world. How do we overcome this crisis? The renaissance of unions will strengthen our economy for all and protect our democracy. This week's guest Michael Podhorzer has been on the frontlines of this fight for decades, as the former longtime political director of the AFL-CIO – the largest federation of unions in the United States. Podhorzer is a senior fellow at the Center for American Progress, the chair of the Analyst Institute, the Research Collaborative and the Defend Democracy Project, and writes the Substack Weekend Reading. A 2021 TIME article described Podhorzer as the architect of a broad movement that helped protect the integrity of our vote in the 2020 election. This week's bonus show, available to subscribers at the Truth-teller level ($5/month) and higher, includes Podhorzer's insights on how to protect the 2024 election, in an excerpt available to all. Exclusive to our Patreon supporters, this week's bonus show also includes a deep-dive examination of the recent arrest of Telegram's C.E.O. Pavel Durov and what that might mean for Russia's global war on democracy. Subscribe today at Patreon.com/Gaslit to help support our independent journalism! * Big Announcement! If the election cycle has left you feeling overwhelmed, we're here to help. Join our new weekly political salon every Monday at 4 PM ET via Zoom. This space is designed for you to vent, ask questions, seek support, and contribute to discussions that shape Gaslit Nation. Everyone is welcome—our goal is to foster coalition-building and collective healing. Starting next Monday, our first ever salon will be recorded and shared on Patreon to support our community. If these sessions resonate with you, they may continue beyond the election. To join, support us at the Truth-teller level or higher on Patreon at patreon.com/Gaslit where you'll find the Zoom link every Monday afternoon. On September 10th: Join the Gaslit Nation Debate Watch Party in the “Victory Chat” community chatroom on Patreon. A debate between democracy vs. dictatorship! (Convicted felon Trump belongs in prison, not a debate stage). On September 16 at 7:00 PM ET: If you're in NYC, join our in-person live taping with at the Ukrainian Institute of America in NYC. Celebrate the release of In the Shadow of Stalin, the graphic novel adaptation of my film Mr. Jones, directed by Agnieszka Holland. Gaslit Nation Patreon supporters get in free – so message us on Patreon to be added to the guest list. I will be joined by the journalist Terrell Starr, to talk about his latest trip to Ukraine. On September 17 at 12:00 PM ET: Join our virtual live taping with investigative journalist Stephanie Baker, author of Punishing Putin: Inside the Global Economic War to Bring Down Russia. Her book has been highly praised by Bill Browder, the advocate behind the Magnitsky Act to combat Russian corruption. On September 18 at 4:00 PM ET: Join our virtual live taping with the one and only Politics Girl, Leigh McGowan, author of A Return to Common Sense: How to Fix America Before We Really Blow It. On September 24 at 12:00 PM ET: Join our virtual live taping with David Pepper, author of Saving Democracy. Join us as David discusses his new art project based on Project 2025. All of those events, becoming a member of our Victory chat, bonus shows, all shows ad free, and more, come with your subscription on Patreon.com/Gaslit! Thank you to everyone who supports the show – we could not make Gaslit Nation without you! Show Notes: Opening clip: https://www.youtube.com/watch?v=ckxmXjRuBik As Go Unions, So Goes America Power concedes nothing but to collective action. https://www.weekendreading.net/p/as-go-unions-so-goes-america Listen to our interview with Starbucks union organizer Jasmine Leli on how to start a union https://www.gaslitnationpod.com/episodes-transcripts-20/2023/11/08/end-human-sacrifice-union-jasmine-leli
Something interesting is happening in downtown Austin. Next month, The University of Austin (UATX), a new undergraduate college claiming to “be dedicated to the fearless pursuit of truth”, opens its well financed doors. Launched as a supposedly “anti-woke” university, UATX has some heavy hitting advisors including Richard Dawkins, Niall Ferguson, Larry Summers, Andrew Young, Jonathan Haidt and Bari Weiss. It's founding president is the Shakespeare scholar, Pano Kanelos, who is described as “an outspoken advocate for liberal education”. And so, when I sat down with Kanelos on the UATX campus, we talked about the idea of a “liberal education” and why there's a need in contemporary America for one more liberal arts college. Pano Kanelos is the founding president of the University of Austin. From 2017 to 2021, Dr. Kanelos served as the 24th President of St. John's College, Annapolis. After earning degrees from Northwestern University (B.A.), Boston University (M.A.), and the University of Chicago (Ph.D.), he taught at Stanford University, the University of San Diego, and Loyola University Chicago. An outspoken advocate for liberal education, he oversaw the Lilly Fellows Program in Humanities and the Arts, comprising a network of more than 100 colleges and universities. Among the earliest participants in the Teach for America program, President Kanelos is as passionate about teaching as he is about writing and scholarship. He founded the Cropper Center for Creative Writing at the University of San Diego and is a noted Shakespeare scholar, having served as the resident Shakespearean in the Old Globe MFA Program and the founding director of the Interdisciplinary Shakespeare Studies Program at Loyola University Chicago.Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.Keen On 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 keenon.substack.com/subscribe
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
Shaun Maguire is a Partner at Sequoia Capital. At Sequoia he led their investment into SpaceX, The Boring Co and X among many others. Before Sequoia he co-founded a cybersecurity company called Expanse which Palo Alto Networks acquired for $1B. Before Expanse, Shaun worked at DARPA and was deployed to Afghanistan. In Today's Episode with Shaun Maguire We Discuss: 1. Why Iran is the Greatest Evil in the World: What specifically makes Iran the greatest danger to the world today? How should the US respond to the threat posed by Iran? Does the US have to go to war with Iran knowing that they now have nuclear weapons? How did the Biden-Harris administration worsen relations both with Iran and Saudi? Is Trump the best chance we have of bringing peace and stability to the Middle East? 2. Russia, Ukraine, Gaza and Israel: What is the Right Next Step: Does Shaun believe that the US should remove funding from Ukraine? How would Trump change the US' relationship with Putin? What does Shaun believe is the right next step for the US in Gaza and Israel? What does Shaun mean when he says the public have no idea how much crazy s**** happens? 3. Freedom of Speech and DEI: Remnants of the Past: Does Shaun believe we live in a society with freedom of speech? How does it differ between the US and Europe? Is Shaun negative on the future of Europe? Does he agree with Larry Summers that "it is a museum"? How does Shaun evaluate the state of diversity, equity and inclusion (DEI)? Why does Shaun believe that wokeness and cancel culture is one of the greatest dangers to society? When does Shaun believe that transgender becomes a problem in children? Where is the line? 4. The Election: Who Wins and What Happens: Does Shaun agree that Kamala is pulling ahead and Trump is now chasing her? How does Shaun analyse the chances of Trump winning? To what extent is it a real threat that there will be civil unrest if Trump does not win? Why does Shaun argue that too much blame is placed on Trump for Jan 6th and he did nothing that Hilary Clinton had not done in disputing prior elections? How does Shaun evaluate the appointment of JD Vance? Does Shaun agree with the echoes from the crowd for Trump to remove him? 5. Elon Musk, US Selling All BTC & Inside Sequoia: What does Shaun believe are the three qualities that make Elon Musk one of the greatest entrepreneurs of all time? Why does Shaun believe that it is a massive mistake for the US to sell all BTC holdings? Who is the best picker in Sequoia? Who is the best at sourcing? Does Shaun get told off internally for his opinions being shared so freely externally? What have been Shaun's biggest lessons from working alongside Doug Leone? 20VC: Sequoia's Shaun Maguire on Will We See WW3 Shortly | Why DEI is a Cancer for Society | Why Iran is the World's Greatest Evil | Why Trump is the Only Hope for Peace in the Middle East | Trump vs Harris: Who Wins & What Happens
Former US Treasury secretary and Wall Street Week contributor Larry Summers discusses the marketplace turmoil. Summers speaks with Bloomberg's David Westin.See omnystudio.com/listener for privacy information.
On Monday, the markets had one of its worst trading days since the 2008 financial crisis. Stocks tumbled around the world, with a global sell-off, amid fears of a recession. The VIX (an index often called “Wall Street's Fear Gauge”) was at times today as high as we saw it when the economy was shutting down for Covid. This comes on the tail of a pretty insane news cycle: a presidential assassination attempt, Joe Biden dropping out of the race, the coronation of a new Democratic nominee, a stolen election (actually) in Venezuela, a Middle East on the brink of war. . . should I go on? But the most pressing issue to most Americans is and always has been the economy. And with everything else going on, many of us have been paying far too little attention to the economic story here at home, and the policies that may have brought us to this moment we find ourselves in today. To explain how we got here is Larry Summers. Summers was Secretary of the Treasury under President Clinton, and he was the director of the National Economic Council under President Obama. He was president of Harvard for five years. And he is one of the world's most prominent economists. Today: What is going on in the market? What caused it? Was it avoidable? What happens next? And what are the long-term repercussions? If you liked what you heard from Honestly, the best way to support us is to go to TheFP.com/subscribe and become a Free Press subscriber today. Learn more about your ad choices. Visit megaphone.fm/adchoices
ANTIC Episode 109 - Host Wars In this episode of ANTIC The Atari 8-Bit Computer Podcast… Brad and Randy cover VCFSE, Kay finishes archiving the Famous Computer Cafe and gets some great material from Dan Kramer and Larry Summers, and the hosts trade barbs… READY! Links for Items Mentioned in Show: What we've been up to Larry Summers: Excalibur - https://archive.org/details/excalibur-2nd-manual-type-apx https://archive.org/details/Functional_Specification_for_The_Arabian_Adventures_Packet_Technologies https://archive.org/details/Out_of_Ataris_Game_San_Jose_Mercury_News_1982-06 https://archive.org/details/Chris_Crawford_recommendation_letter_for_Larry_Summers https://archive.org/details/Atari_81_v1n4_1981-05 Superboots business plan - https://archive.org/details/superboots-business-plan Dan Kramer: https://archive.org/details/atari-management-recognition-award https://archive.org/details/atari-controller-design-focus-groups-report-1981 https://archive.org/details/a-qualitative-investigation-of-programmable-videogame-controllers https://archive.org/details/atari_silvia https://archive.org/details/cx2800 https://archive.org/details/cx2800-notes https://archive.org/details/atari-direct-video-pcb https://archive.org/details/atari-5200-controller-schematics-kramer-dan Famous Computer Cafe - https://archive.org/details/famous-computer-cafe?sort=-addeddate Book “Best of SoftSide - Atari Edition” - https://archive.org/details/ataribooks-best-of-softside-atari-edition https://gameatl.com/vintage-computing-festival-southeast/ News Atari Insights newsletter V1#1 - John Zielke - http://www.ataribasics.com Atari Opens Enrollment for its 2024 Summer Camp Program: https://finance.yahoo.com/news/atari-opens-enrollment-2024-summer-171700449.html https://atari.com/collections/summer-camp New drop-in replacement mechanical keyboard for the Atari 800 - https://forums.atariage.com/topic/368661-new-drop-in-replacement-mechanical-keyboard-for-the-atari-800/ Article on how to repair the split collars on an Atari 800 - https://atari.timhinds.com/atari-800-keyboard-restoration/ AtariProjects - http://atariprojects.org - Jason Moore Inverse ATASCII Podcast - https://inverseatascii.info/ - Wade Ripkowski The content presented at the Atari Last Party 2024 (the oldest demo party in Poland) has been added to the atarionline.eu Fujinet server ABBUC #157 magazine - German edition - http://abbuc.de A8Pico to win from ABBUC: Send the answer to the question: "What is the chorus in the Atari song?" You can find the answer on Wolfgang's YouTube channel: (https://www.youtube.com/@RetroWK ) Send answer by e-mail to a8pico2024@abbuc.de Enhanced 600XL PCB by kveldulfur - https://forums.atariage.com/topic/367934-enhanced-600xl-pcb-by-kveldulfur/ Atari FastBASIC - https://github.com/dmsc/fastbasic Upcoming Shows Atari Expo 2024 in Santiago Chile— Aug 3rd&4th.—http://www.expoatari.cl Vintage Computer Festival West - August 2-3 - Computer History Museum, Mountain View, CA - https://vcfed.org/events/vintage-computer-festival-west/ Silly Venture SE (Summer Edition) - Aug. 15-18 - Gdansk, Poland - https://www.demoparty.net/silly-venture/silly-venture-2024-se VCF Midwest - September 7-8 - Renaissance Schaumburg Convention Center in Schaumburg, IL - http://vcfmw.org/ VCF Europe - September 7-8 - Munich, Germany - https://vcfe.org/E/ World of Retrocomputing 2024 Expo - September 14-15 - Kitchener, ON, Canada - https://www.facebook.com/events/s/world-of-retro-computing-2024-/1493036588265072/ Portland Retro Gaming Expo - September 27-29 - Oregon Convention Center, Portland, OR - https://retrogamingexpo.com/ Retro Computer Festival 2024 - November 9-10 - Centre for Computing History, Cambridge, England - https://www.computinghistory.org.uk/det/72253/Retro-Computer-Festival-2024-Saturday-9th-November/ Silly Venture WE (Winter Edition) - Dec. 5-8 - Gdansk, Poland - https://www.demoparty.net/silly-venture/silly-venture-2024-we YouTube Videos FlashJazzCat SIDE3 Video - https://www.youtube.com/watch?v=hoXGLvUAs84 Lotharek SIDE3 Video - https://www.youtube.com/watch?v=EVFxVjqLbQk MAC/65 Assembler Editor and Atari 8-bit Machine Language Programming - Part 1 - David Arlington - https://www.youtube.com/watch?v=7WdSPvqSIME MAC/65 Assembler Editor and Atari 8-bit Machine Language Programming - Part 2 - David Arlington - https://www.youtube.com/watch?v=bQPw1myNLb4 The Atari 2024 Expo Preview - CmosGames (in Spanish) - https://www.youtube.com/watch?v=Fx-3S8UzdDs Rewind 2 - a demo for Atari XL/XE by New Generation, Zelax & Radiance - VoyAtari - https://www.youtube.com/watch?v=UuWEEms1IX4 Now there's a Decent keyboard for each Atari 8-bit computer - Screaming at the Radio - https://www.youtube.com/watch?v=BiBLV-qH9To New at Archive.org Bluegrass Region Atari Computer Enthusiasts newsletters https://archive.org/details/brace-bits-vol-3-no-1/ https://archive.org/details/computer-shopper-march-1987-vol-7-num-3-atari-articles https://archive.org/details/computer-shopper-december-1986-vol-6-num-12-atari-articles https://archive.org/details/computer-shopper-october-1988-vol-8-num-10-atari-articles https://archive.org/details/computer-shopper-august-1986-vol-6-num-8-atari-articles https://archive.org/details/computer-shopper-february-1989-vol-9-num-2-atari-articles https://archive.org/details/alog-displaymaker-alog-computing https://archive.org/details/alog-maillist-alog-computing
Back in the day, I was on a panel in a Silicon Valley event and they were talking about the early stages of AI and I'd made a remark that AI would end up writing code that writes code. In other words, those in Silicon Valley were going to put their own jobs at risk. Larry Summers said something really fascinating about AI and it's coming for, as he says, "IQ" first. Warren Buffett also spoke about AI and made an interesting move with the Bill Gates Foundation. We'll also talk about the continuing world of politics, the continuing world of desperation. And, Anderson Cooper and CNN and the entire gang, they're now searching for the next excuse. They're starting to peddle the comeback kid theory.What does God's Word say? John 1:3 3 Through him all things were made; without him nothing was made that has been made.Episode 1,704 Links:Warren Buffett on ChatGPT and AI: “I don't really understand it, I think it's incredible technological advance in turns of showing what we can do but I don't know if we know what happens… I don't want to change the world too many times without having some idea of the consequences of it. I think it's extraordinary but I don't know if it's beneficial.”Larry Summers says studying coding is a bad idea and instead young people should learn to work creatively in a group and define purpose, because AI is coming for IQ before it comes for EQIn my book, I questioned whether Warren Buffett might end donations to @gatesfoundation. If so, I wrote, "It would be a powerful statement about Buffett's loss of confidence in the effectiveness of the Gates Foundation." Buffett just made it official: when he dies, Gates gets $0Jeh Johnson ADMITS Joe Biden is merely a FigureHeadCarl Bernstein on CNN right now: Multiple sources tell him that there have been at least 15 occasions in the last year and a half “where the president has appeared like he did at that horror show (his debate performance).”Anderson asks what Bernstein's been hearing from people, Carl says the debate performance was not a one-off, there has been a marked incidence of cognitive decline. Anderson asks why this concern wasn't raised during debate prep, Bernstein says people have raised the issue to Ron Klain multiple times but have been pushed back repeatedly.Alan's Soapshttps://alanssoaps.com/TODDUse coupon code ‘TODD' to save an additional 10% off the bundle price.Bioptimizershttps://magbreakthrough.com/toddfreeVisit this website to get your 30-capsule bottle of Magnesium Breakthrough for FREE today! No promo code needed.Bonefroghttps://bonefrogcoffee.com/toddUse code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.Bulwark Capital Bulwark Capital Management (bulwarkcapitalmgmt.com)Sign up today for Zach's free webinar Thursday July 25th at 3:30pm PDT at KnowYourRiskRadio.com.EdenPUREhttps://edenpuredeals.comUse code TODD3 to save $200 on the Thunderstorm Air Purifier 3-pack.GreenHaven Interactive Web Marketinghttps://greenhaveninteractive.comNeed more customers for your business? Contact Dave today!Native Pathhttps://nativepathkrill.com/toddGet an ocean of benefits from Antarctic Krill from Native Path. Renue Healthcarehttps://renue.healthcare/toddYour journey to a better life starts at Renue Healthcare. Visit renue.healthcare/Todd
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!In this episode, hosts Jules van Binsbergen and Jonathan Berk discuss the complexities of the corporate income tax with former Treasury Secretary Larry Summers, who argues for retaining the tax.Summers explains why taxing corporations is one of the most effective tools the federal government has in making sure the wealthy pay their fair share. Might there be room for improvement? Yes, Summers says, but don't abolish it. “Before we are critical of that tax, we better make awfully sure that we have a superior alternative.”Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisionsAll Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Want to get smarter about education? Listen to this specially curated episode of 3 Takeaways — with former Presidents of Harvard University, Larry Summers and Larry Bacow; former Secretary of Education, Arne Duncan; former head of Oxford University, Dame Louise Richardson; former Academic Dean of the Kennedy School, Iris Bohnet; Nobel Prize laureate, Joshua Angrist; and founder of online Khan Academy, Sal Khan.
Former Treasury Secretary speaks on the macro outlook of the US economy and says that generative AI's ability to improve itself differentiates it from other technologies and makes the case for having government take a strong role in making sure it is used for good. He speaks with Bloomberg's David WestinSee omnystudio.com/listener for privacy information.
Former Treasury Secretary speaks on the US economics numbers and what it means for the Fed's path to interest rate cuts, and how a potential Trump presidency could affect the economy. He speaks with Bloomberg's David Westin on Wall Street WeekSee omnystudio.com/listener for privacy information.
In this episode, we sit down with Melody Wright to discuss the alarming prediction that the housing market could become a "bloodbath" in 2025. Melody, an expert with over 20 years of experience in mortgages, shares her insights on rising delinquencies, potential market drops, and the economic factors contributing to this outlook. We also explore current market trends, interest rate impacts, and what buyers and sellers can expect in the near future. Tune in for a comprehensive discussion on the housing market's future and strategic advice for navigating these turbulent times. [00:00:00] Introduction to Melody Wright and her prediction of a housing market "bloodbath" in 2025. [00:01:02] Discussion on delinquencies: 30, 60, 90-day trends and comparisons to 2006 levels. [00:01:54] Defining a "bloodbath": Potential double-digit market drops and historical context. [00:03:16] The end of the spring selling season and its impact on current market behaviors. [00:03:46] Interest rates above 7%: Decline in mortgage demand and the magic number that unlocks demand. [00:05:23] Larry Summers' prediction: A potential rate increase and its implications for the market. [00:07:05] Announcing the addition of a ten-week bootcamp to the One Rental at a Time school community. [00:09:37] Rising jobless claims in 21 states and their potential impact on the housing market. [00:10:00] Consumer delinquencies and their significance according to Fed President Austan Goolsbee. [00:12:42] Analysis of recent earnings reports and their reflection on consumer spending habits. One Rental at a Time Beth Traversal Group Wall Street Journal Article by Nick Timiraos Piper Sandler's Nancy Lazar Report Join the One Rental at a Time School Community Thank you for tuning into this critical episode. Don't miss the full discussion with Melody Wright tonight at 6 PM Pacific. If you found this episode valuable, please rate, follow, share, and leave a review. Your feedback helps us continue to provide insightful content. For more detailed discussions and to join our growing community, visit the One Rental at a Time school. See you next time!
A discussion on how universities are – and are not – addressing antisemitism, with panelists Lawrence H. Summers (Harvard President Emeritus and former US Secretary of the Treasury), Erwin Chemerinsky (Berkeley Law), Shai Davidai (Columbia University) Rabbi Isabel de Koninck (Drexel Hillel), and Zoe Bernstein (Cornell). A program of the Temple Emanu-El Streicker Center, it was moderated by Jeff Zucker (former President of CNN) and an introduction was offered by Rabbi Joshua Davidson of Temple Emanu-El.
From Cambridge to Los Angeles and at dozens of schools in between, campuses are roiled by protest against American financial and military support for Israel's war in Gaza—and by university actions, including mass arrests, to suppress the protesters. There hasn't been a college protest movement as widespread since the Vietnam War. Apart from the violence in the Middle East, the protests also engage crucial issues of speech and academic freedom in the context of America's culture war. David Remnick looks at the turmoil and its reverberations through the lens of one campus, Harvard University, where much of the furor began. He speaks with a protester whose statement justifying the October 7th Hamas attack became a political flashpoint; two student journalists who covered the resignation of the university's president Claudine Gay; the law-school professor Randall Kennedy; and the former Harvard president Lawrence Summers.
Lawrence H. Summers, former US Treasury Secretary and Bloomberg Television contributor, says that college protests happening throughout the country are 'very depressing and worrying for me'. Summers also spoke about the restrictiveness of Fed policy and the state of yen intervention. He speaks with host David Westin on the latest edition of "Bloomberg Wall Street Week".See omnystudio.com/listener for privacy information.
Larry Summers is on the show this week! Jim sits down with renowned economist Larry Summers to talk recent US financial history, the current state of the national debt, some unintended consequences of Quantitate Easing, and much much more. In addition to serving as Secretary of the Treasury under Bill Clinton and the Director of the National Economic Council under Barack Obama, Summers was President of Harvard University, and, in a Puck Podcast first, was portrayed (albeit briefly) in the 2010 Academy Award winning film, The Social Network. A fascinating conversation with a fascinating guest.
Jeffrey Epstein had a rogues gallery around him that were willing to do his bidding. One of the people who was always there with an open checkbook was Leon Black. In today's episode, we dive into the shady donations that were given to the IPI by Leon Black and Jeffrey Epstein.(commercial at 13:42)to contact me:bobbycapucci@protonmail.comsource:https://www.dn.no/politikk/the-international-peace-institute/jeffrey-epstein/terje-rod-larsen/leon-black-did-like-his-adviser-jeffrey-epstein-gave-anonymously-to-un-affiliated-think-tank/2-1-897114Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
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Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureThe D's policies are now obvious, San Fran home are sold at a loss, crime is skyrocketing and the green new scam is a failed agenda. Inflation using 1983 calculation is 18% or higher. Gold and Bitcoin make big moves. The Fed is panicking. The [DS] is planning to unleash their weapon after May, the Who is have their vote behind closed doors. They want control before they unleash their weapon. As the [DS] continues to push their agenda the people are becoming united under Trump. Soon the counterinsurgency will be complete. The [DS] will be fighting against the people of America, the people will be fighting for the their freedom while the [DS] will be fighting for control. History is repeating. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy Nearly 20% of San Francisco homes are sold at a LOSS - with the average seller getting $155,500 less than they paid - as market crumbles amid soaring crime The number of homes that sold at a loss was four times the national average Sellers losing money is sitting near the highest level in more than a decade Nearly one in five homes sold in San Francisco have sold at a loss in recent months - way above the national rate. Murders, robberies, burglaries and widespread public drug use are forcing residents to flee the city - and putting off people from moving to what was once the hottest US property market. The 17.8 percent of San Franciscans losing money on their home sale in the three months to the end of February is close to the highest level in a decade. And it is four times the national average of 4.3 percent. In San Francisco, the typical homeowner who recently sold at a loss parted with their home for $155,500 less than they bought it for. Nationwide, the average loss for the same period was around $40,000, data from real estate brokerage Redfin reveals. Source: dailymail.co.uk Top Economists Including Barack Obama's Treasury Secretary Discover the Real Inflation Number Under Biden Reached 18% and Is Still Hovering at a 40-Year High A recent research paper by four noted economists, including Larry Summers, the former Treasury Secretary under Barack Obama and former Harvard President, discovered that the real inflation rate during the Biden years, using pre-1983 calculations reached 18% in 2022. The number is the highest inflation rate the country has seen in over 50 years. This research project was published by these four authors at the nonpartisan National Bureau of Economic Research in late February and is just now making waves. Source: thegatewaypundit.com https://twitter.com/KobeissiLetter/status/1778767461690523891 ~$1.2 trillion by the end of 2025, doubling in 4 years since 2021. Currently, federal interest expense accounts for 36% of government tax receipts, the most in 27 years. This all assumes that the Fed is still on track for a "soft landing." The US Government needs lower rates more than anyone. Vote Out the IRS Recent polls reveal that 64% of Americans believe their taxes are too high. Perhaps an even greater percentage despise the IRS and support Republican efforts to abolish it. In January 2023, Rep. Buddy Carter (R-Ga.) introduced the Fair Tax Act, which included language to abolish the personal income tax and rein in the IRS. But nothing has come of the Fair Tax Act, and even that bill would simply shift taxes from the personal income tax to a national consumption tax similar to European VAT taxes. America does not need another form of taxation,
With the exception of Caesar's Palace, Las Vegas bears little resemblance to ancient Corinth, except that sometimes it beckons the great thinkers of the day. Against the backdrop of ICE Experience 2024, our gathering of the mortgage technology industry, former Treasury Secretary Larry Summers sat down with us at the Wynn to opine on the future of the U.S. economy, superpower relations, and fixing higher education in America. https://www.ice.com/insights/conversations/inside-the-ice-house
Join Victor Davis Hanson and cohost Sami Winc for the Friday news roundup: Elon hires fires Lemon, Trump trollers trolling, Stephanopoulos sued, Taiwanese opt out of DEI, Netanyahu pressured by Bush admin and Larry Summers says we all know inflation because we live it.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Following the terrorist attacks of October 7th, Harvard University was among several elite bastions of higher education to show its true colors – moral relativism, raw antisemitism on campus, and poor leadership. Harvard, like other elite institutions, has and will continue to suffer reputational damage for its response. And indeed, the rot of higher ed is deep. It is not that a liberal bias has metastasized into illiberalism, but rather that illiberalism has been layered on top of a creeping and extreme form of leftism. What is going on in our country's top universities? Who is to blame? How do we solve it?Lawrence H. Summers was Chief Economist of the World Bank (1991-93), US Secretary of the Treasury (1999-2001), Director of the US National Economic Council (2009-10), and President of Harvard University (2001-06).Download the transcript here.Read the WTH Substack here.
Yascha Mounk and Larry Summers also discuss the promise and perils of artificial intelligence. Larry Summers is an economist, the Charles W. Eliot University Professor and director of the Mossavar-Rahmani Center for Business and Government at Harvard Kennedy School, and a member of the board of directors of OpenAI. Summers is the former President of Harvard University, the former Secretary of the Treasury under Bill Clinton, and was a director of the National Economic Council under Barack Obama. In this week's conversation, Yascha Mounk and Larry Summers discuss how universities can re-commit to pursuing truth and protecting academic freedom; how current economic indicators contrast with how many people actually experience the economy; and how Biden can improve his odds for re-election. This transcript has been condensed and lightly edited for clarity. Please do listen and spread the word about The Good Fight. If you have not yet signed up for our podcast, please do so now by following this link on your phone. Email: podcast@persuasion.community Website: http://www.persuasion.community Podcast production by Jack Shields, and Brendan Ruberry Connect with us! Spotify | Apple | Google Twitter: @Yascha_Mounk & @joinpersuasion Youtube: Yascha Mounk LinkedIn: Persuasion Community Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
Ralph welcomes leaders from two grassroots groups advocating against the war on Gaza. First, from Tel Aviv, we are joined by Ido Setter of “Standing Together” a movement aimed at mobilizing Jewish and Palestinian citizens of Israel in pursuit of peace, equality, and social and climate justice. Then, here in America, Stefanie Fox, executive director of Jewish Voice For Peace, reports on their work taking action in Congress, on the streets, and in the press to stop the ongoing genocide in Gaza.Ido Setter works on Standing Together's digital mobilization team. Standing Together is a grassroots movement mobilizing Jewish and Palestinian citizens of Israel in pursuit of peace, equality, and social and climate justice.For the last two decades, the Israeli government and Israel as a state didn't offer any kind of hope for the Palestinian. There wasn't another serious peace process, no serious talks, and basically the Israeli government said to Palestinians, “Listen, this is how things are going to be. Deal with it.” And when you don't offer any hope, people will go to extreme places. So what happened on October 7th was, of course, a strategic collapse. But it was also an accumulation of the past two decades, where Israel didn't think that moving forward with a peace treaty or some kind of a peace agreement with the Palestinian people was an imperative.Ido SetterNothing stays on one side of the border. Everything that happens on the Palestinian side of the border eventually comes back to the Israeli side of the border… We need to stop right now what's happening at the current moment in Gaza, have compassion, and move in the opposite direction that Benjamin Netanyahu and his hawkish government is trying to lead us.Ido SetterStefanie Fox is Executive Director of Jewish Voice for Peace, which is one of the largest Jewish anti-Zionist organizations in the world.There is a large and growing community of faith leaders, of rabbis, of synagogues, of many, many Jews who are working to build a Judaism liberated from Zionism. And so there's probably 10 synagogues across the country that are anti- or non-Zionist. There are dozens of independent spiritual communities we call Chavurot that are connected (or not) to Jewish Voice for Peace. There's a burgeoning and growing movement to fight for the soul of Judaism, to fight for the future of our communities. And we have millennia of Jewish tradition—that predate the founding of the state of Israel and the movement of political Zionism—to lean on and to extend into a future where we are not bound up and made complicit in support for a genocidal ethno-state.Stefanie FoxThe term ‘semite' comes out of 19th century scientific racism. It's not really something in any moment in history that anybody has actually used to describe themselves. It's only a racist term. And so, the term ‘antisemitism' does refer to the bigotry and discrimination that emerged out of that racist classification system. And at its root it comes from the same white supremacy in which anti Palestinian racism and erasure and Zionism itself were born… And of course, antisemitism is real. There's real hatred and bigotry and discrimination against Jews. The point is that antisemitism and white supremacy and Zionism emerge from the same root of exclusionary ethno-nationalist racialized state building.Stefanie FoxIn order for [President Biden and the US Congress] not to ask for a ceasefire, they are engaged in hostilities now—the U.S. that is—against the Houthis in Yemen. They are bombing in Iraq and Syria. It's quite a price the U.S. is paying…because if there were a ceasefire, there'd be no Houthi assailing of shipping in the Red Sea. There would be no missiles with Hezbollah in Lebanon.Ralph NaderIn Case You Haven't Heard with Francesco DeSantisNews 1/24/241. Just Foreign Policy reports that there is dissent brewing among Obama foreign policy alumni regarding President Biden's air war on the Yemeni Houthis. Former Deputy National Security Advisor Ben Rhodes, considered Obama's foreign policy guru, called the campaign “a dangerous escalation,” and further stated "We have no legal basis to be doing that.” Rhodes, joined by former National Security Council Spokesman Tommy Vietor, are thus aligned with the dozens of groups – including the Friends Committee on National Legislation, the Quincy Institute for Responsible Statecraft, and World BEYOND War, among many others – which signed a letter calling for an end to the campaign. Representative Ro Khanna, writing in the Nation, argues that “President Biden has both the constitutional obligation and a political imperative to seek congressional authorization for proposed hostilities,” but is quick to note that “ it is…not too late to pursue a more effective approach…which happens to be wildly popular with voters—regional diplomacy and statesmanship.” Asked "Are the airstrikes in Yemen working?" President Biden himself replied “are they stopping the Houthis? No. Are they gonna continue? Yes," per Just Foreign Policy.2. Following Israeli Prime Minister Netanyahu's statement ruling out a two-state solution, more Senate Democrats are warming up to the idea of imposing conditions on military aid to Israel. Yahoo! News reports that 18 Senate Democrats now support “an amendment that would require that any country receiving funding in the supplemental [aid package] use the money in accordance with U.S. law, international humanitarian law and the law of armed conflict,” with five Senators – Tina Smith, Tammy Baldwin, Laphonza Butler, Jon Ossoff, and Raphael Warnock – adding their names after Netanyahu's comments, per Jewish Insider. Senate Majority Leader Chuck Schumer has been non-committal, with the Times of Israel reporting that he said “the Democratic caucus is still discussing the best way forward, regarding conditioning aid to Israel.”3. The Huffington Post reports controversial Biden Middle East advisor Brett McGurk may have earned a target on his back from Congressional Progressives. A draft letter from Congressional Democrats to Biden demanding McGurk's resignation is already circulating, with sources saying frustration with McGurk “has reached a boiling point.” McGurk's signature Middle East policy has been his attempted marriage of Israel and Saudi Arabia, even going so far as to push “U.S. officials to tie the future of the Palestinian enclave of Gaza to the prospective Saudi-Israel deal.” Other officials, speaking anonymously, called the plan “delusionally optimistic.” However, while Progressives may well claim McGurk's political scalp, some worry that he could become a scapegoat for administration-wide policy on Palestine.4. Harvard, caving to attacks from the likes of Larry Summers and billionaire Bill Ackman, has established an “Antisemitism taskforce.” However, this has not stopped the bad-faith attacks on the university, with that same coterie now alleging that the co-chair of the task force – Professor of Jewish History Derek J. Penslar – is insufficiently Zionist, per the Crimson. Penslar has previously signed a letter stating “‘Israel's long-standing occupation' of Gaza [has] resulted in a ‘regime of apartheid,'” and rejects the IHRA definition of antisemitism, which includes anti-Zionism. Summers wrote that Penslar is “unsuited” to lead the task force; meanwhile the American Academy for Jewish Research writes “Professor Penslar is a prolific scholar with a stellar international reputation, whose numerous books address the historical development of many of the topics raising rancor at our universities today: antisemitism, Zionism, Jews and the military, and the history of Israel.” Responding to Summers, Professor Steven Levitsky, who is Jewish, said “Larry Summers…is not representative of a majority of Jews at Harvard,” adding “That guy is batshit crazy — and you can quote me on that.”5. U.S. District Judge William Young has blocked the planned merger of Spirit Airlines and Jetblue Airways, arguing the acquisition would “‘substantially lessen competition' in violation of the Clayton Act, which ‘was designed to prevent anticompetitive harms for consumers,'” per the Hill. President Biden praised the decision in a statement, saying “Today's ruling is a victory for consumers everywhere who want lower prices and more choices. My Administration will continue to fight to protect consumers and enforce our antitrust laws.” The Department of Justice has been fighting this merger since March 2023.6. The New Republic reports “Earlier this month, Democrats on the House Oversight Committee released an explosive report documenting that Donald Trump's businesses pocketed at least $7.8 million in payments from foreign governments during his presidency.” Yet, House Democrats are powerless to subpoena witnesses to further investigate this report because Republicans hold the majority. Ranking Democrat on the House Oversight Committee, Jamie Raskin, has been pushing Senate Democrats – who hold the gavels in that chamber – to issue subpoenas. Yet these Senate Democrats have hesitated to do so. We urge these powerful Democratic committee chairs to use their subpoena power. The American people deserve to know if their president profited from foreign dealings at their expense.7. Public Citizen reports “the [Consumer Financial Protection Bureau] plans to crack down on banks charging ridiculous overdraft fees. Their proposal would cap overdraft fees at $3 and close the loophole that allows banks to take advantage of Americans who are already struggling.” CFPB Director Rohit Chopra is quoted saying “Decades ago, overdraft loans got special treatment to make it easier for banks to cover paper checks that were often sent through the mail…Today, we are proposing rules to close a longstanding loophole that allowed many large banks to transform overdraft into a massive junk fee harvesting machine." According to the CFPB's statement, “The proposed rule would apply to insured financial institutions with more than $10 billion in assets… The CFPB estimates that this rule may save consumers $3.5 billion or more in fees per year.”8. California Senate candidate Barbara Lee has picked up the endorsement of the statewide McClatchy editorial board, including major Golden State papers like the Sacramento Bee. In their announcement of the endorsement, the Bee wrote “Barbara Lee stood out from the rest. Her independence, her perseverance in fighting for the underdog and her life experiences set her apart.” Confirming this assessment, just this week Congresswoman Lee was kicked out of a House Foreign Affairs Subcommittee hearing on Cuba for arguing in favor of normalizing diplomatic relations.9. The National Labor Relations Board has filed a complaint against Trader Joe's for the company's attempted union busting. Based on a 2022 unfair labor practice charge, the complaint alleges the company shuttered their New York City wine store in order to avoid impending unionization, in addition to “subject[ing] employees to interrogation, threaten[ing] to cut their benefits and [telling] them deciding to join a union would be ‘futile,'” Grocery Dive reports. The United Food and Commercial Workers union praised the decision, writing “Trader Joe's shamelessly and illegally engaged in union busting to scare Trader Joe's workers across the region and stop these workers from having a voice on the job. We applaud the NLRB's decision …and look forward to holding Trader Joe's accountable for their egregious anti-worker behavior.” Possible remedies the board could utilize include compelling the company to reopen the store.10. Finally, he Intercept reports Republicans Glen Grothman and Marco Rubio have put forward a bill to provide pensions to citizens who worked for Air America. But just what was Air America? The generically named airline was in fact a CIA cutout which “has been accused of running weapons and even…drugs in Southeast Asia.” The faux airline also played a key role in the CIA's operations in Laos and Cambodia, among the darkest chapters in American covert ops history. Tim Weiner, author of Legacy of Ashes told the Intercept “The whole point of Air America was to kill Communists.” Ironically, as the piece points out, these are the same Republicans who decry the so-called “deep state.”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
This is a free preview of a paid episode. To hear more, visit andrewsullivan.substack.comJoe is a journalist, author, old-school blogger, and an old friend. He's written seven books, most famously Primary Colors, and he was a longtime columnist for Time magazine. This year he launched a must-read substack called “Sanity Clause,” and he just started a podcast with the great John Ellis called “Wise Owls.”You can listen to it 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 Trump getting more political savvy, and the NYT's propaganda on domestic issues — pop over to our YouTube page.Other topics: growing up in Queens; a grandfather who kept the books for Tammany Hall; how reporting on the busing crisis in Boston made Joe an independent; embedding with troops in Iraq and Afghanistan; James Bennet's exposé of the NYT; a new study on how charter schools help black students; Daniel Patrick Moynihan and single-parent families; Trump's “dictator on Day One” comment; how Never Trumpers never understand his success; the Trump trials; Biden's age; his persistently dismal polling; Nikki Haley's potential; Trump turning the GOP against neoconservatism; how eastern Ukraine is turning into WWI; how Putin's devastated military is no threat to Europe; The Silk Roads by Peter Frankopan; Russiagate; how Larry Summers was right on inflation; Biden's soft landing; Clinton balancing the budget; Boris and the Tories; tales from Joe's 30 years of reporting on Israel and Palestine; his optimism on a two-state solution; how AIPAC has been “disastrous” for Israel; Daniel Finkelstein's Hitler, Stalin, Mum and Dad; the Ivy League congressional hearings; DEI; why coddling Jewish students now is the wrong approach; Mao's Cultural Revolution; the dregs of social media; the importance of civility and traditions; the Electoral College; the TV show The Crown; the Latin Mass; Pope Francis and the blessing of gay couples; the AIDS crisis; the PTSD of returning vets; and Joe's bipartisan PAC for veterans called “With Honor.”Browse the Dishcast archive for another convo you might enjoy (the first 102 episodes are free in their entirety — subscribe to get everything else). Coming up: Carole Hooven returns to talk about her tribulations at Harvard, Alexandra Hudson on civility, and Jennifer Burns on her new biography of Milton Friedman. Please send any guest recs, dissent and other comments to dish@andrewsullivan.com.
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