Podcast appearances and mentions of Lawrence Summers

After Jeffrey Epstein's 2008 conviction for soliciting sex from a minor became public, one of the most controversial aspects of his continued influence was how he managed to maintain deep ties to elite academic institutions — particularly Harvard University. Despite being a registered sex offender, Epstein retained an office connected to Harvard through his relationship with the university's Program for Evolutionary Dynamics, which had originally been established during the presidency of Lawrence Summers. Epstein had donated money to the program and continued visiting campus regularly even after his conviction, meeting with professors, scientists, and prominent intellectuals while presenting himself as a wealthy patron of science and academic research. Reports later revealed that Epstein's name was associated with office space and university access long after many institutions publicly claimed to have distanced themselves from him. Critics argued that Harvard's willingness to keep the door open to Epstein after his conviction reflected the broader culture of elite protection surrounding powerful donors, where wealth and influence often appeared to outweigh moral accountability.Another troubling element of Epstein's academic and social network involved his association with a secluded cabin property tied to the prestigious Interlochen Center for the Arts in Michigan. Epstein reportedly sponsored and maintained access to a private cabin near the campus, using it as part of his broader network of elite social spaces connected to young artists, intellectuals, and rising talent. Former associates and reporting on Epstein's movements described the cabin as one of several properties and retreat-style locations where Epstein cultivated relationships with academics, performers, scientists, and influential figures away from public scrutiny. The revelations fueled further questions about how Epstein embedded himself so deeply into elite educational and cultural institutions for years after his criminal conduct was already widely known, with critics arguing that institutions repeatedly ignored glaring warning signs because of the prestige, money, and connections Epstein brought with him.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.

After Jeffrey Epstein's 2008 conviction for soliciting sex from a minor became public, one of the most controversial aspects of his continued influence was how he managed to maintain deep ties to elite academic institutions — particularly Harvard University. Despite being a registered sex offender, Epstein retained an office connected to Harvard through his relationship with the university's Program for Evolutionary Dynamics, which had originally been established during the presidency of Lawrence Summers. Epstein had donated money to the program and continued visiting campus regularly even after his conviction, meeting with professors, scientists, and prominent intellectuals while presenting himself as a wealthy patron of science and academic research. Reports later revealed that Epstein's name was associated with office space and university access long after many institutions publicly claimed to have distanced themselves from him. Critics argued that Harvard's willingness to keep the door open to Epstein after his conviction reflected the broader culture of elite protection surrounding powerful donors, where wealth and influence often appeared to outweigh moral accountability.Another troubling element of Epstein's academic and social network involved his association with a secluded cabin property tied to the prestigious Interlochen Center for the Arts in Michigan. Epstein reportedly sponsored and maintained access to a private cabin near the campus, using it as part of his broader network of elite social spaces connected to young artists, intellectuals, and rising talent. Former associates and reporting on Epstein's movements described the cabin as one of several properties and retreat-style locations where Epstein cultivated relationships with academics, performers, scientists, and influential figures away from public scrutiny. The revelations fueled further questions about how Epstein embedded himself so deeply into elite educational and cultural institutions for years after his criminal conduct was already widely known, with critics arguing that institutions repeatedly ignored glaring warning signs because of the prestige, money, and connections Epstein brought with him.to contact me:bobbycapucci@protonmail.com

After Jeffrey Epstein's 2008 conviction for soliciting sex from a minor became public, one of the most controversial aspects of his continued influence was how he managed to maintain deep ties to elite academic institutions — particularly Harvard University. Despite being a registered sex offender, Epstein retained an office connected to Harvard through his relationship with the university's Program for Evolutionary Dynamics, which had originally been established during the presidency of Lawrence Summers. Epstein had donated money to the program and continued visiting campus regularly even after his conviction, meeting with professors, scientists, and prominent intellectuals while presenting himself as a wealthy patron of science and academic research. Reports later revealed that Epstein's name was associated with office space and university access long after many institutions publicly claimed to have distanced themselves from him. Critics argued that Harvard's willingness to keep the door open to Epstein after his conviction reflected the broader culture of elite protection surrounding powerful donors, where wealth and influence often appeared to outweigh moral accountability.Another troubling element of Epstein's academic and social network involved his association with a secluded cabin property tied to the prestigious Interlochen Center for the Arts in Michigan. Epstein reportedly sponsored and maintained access to a private cabin near the campus, using it as part of his broader network of elite social spaces connected to young artists, intellectuals, and rising talent. Former associates and reporting on Epstein's movements described the cabin as one of several properties and retreat-style locations where Epstein cultivated relationships with academics, performers, scientists, and influential figures away from public scrutiny. The revelations fueled further questions about how Epstein embedded himself so deeply into elite educational and cultural institutions for years after his criminal conduct was already widely known, with critics arguing that institutions repeatedly ignored glaring warning signs because of the prestige, money, and connections Epstein brought with him.to contact me:bobbycapucci@protonmail.com

After Jeffrey Epstein's 2008 conviction for soliciting sex from a minor became public, one of the most controversial aspects of his continued influence was how he managed to maintain deep ties to elite academic institutions — particularly Harvard University. Despite being a registered sex offender, Epstein retained an office connected to Harvard through his relationship with the university's Program for Evolutionary Dynamics, which had originally been established during the presidency of Lawrence Summers. Epstein had donated money to the program and continued visiting campus regularly even after his conviction, meeting with professors, scientists, and prominent intellectuals while presenting himself as a wealthy patron of science and academic research. Reports later revealed that Epstein's name was associated with office space and university access long after many institutions publicly claimed to have distanced themselves from him. Critics argued that Harvard's willingness to keep the door open to Epstein after his conviction reflected the broader culture of elite protection surrounding powerful donors, where wealth and influence often appeared to outweigh moral accountability.Another troubling element of Epstein's academic and social network involved his association with a secluded cabin property tied to the prestigious Interlochen Center for the Arts in Michigan. Epstein reportedly sponsored and maintained access to a private cabin near the campus, using it as part of his broader network of elite social spaces connected to young artists, intellectuals, and rising talent. Former associates and reporting on Epstein's movements described the cabin as one of several properties and retreat-style locations where Epstein cultivated relationships with academics, performers, scientists, and influential figures away from public scrutiny. The revelations fueled further questions about how Epstein embedded himself so deeply into elite educational and cultural institutions for years after his criminal conduct was already widely known, with critics arguing that institutions repeatedly ignored glaring warning signs because of the prestige, money, and connections Epstein brought with him.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.

After Jeffrey Epstein's 2008 conviction for soliciting sex from a minor became public, one of the most controversial aspects of his continued influence was how he managed to maintain deep ties to elite academic institutions — particularly Harvard University. Despite being a registered sex offender, Epstein retained an office connected to Harvard through his relationship with the university's Program for Evolutionary Dynamics, which had originally been established during the presidency of Lawrence Summers. Epstein had donated money to the program and continued visiting campus regularly even after his conviction, meeting with professors, scientists, and prominent intellectuals while presenting himself as a wealthy patron of science and academic research. Reports later revealed that Epstein's name was associated with office space and university access long after many institutions publicly claimed to have distanced themselves from him. Critics argued that Harvard's willingness to keep the door open to Epstein after his conviction reflected the broader culture of elite protection surrounding powerful donors, where wealth and influence often appeared to outweigh moral accountability.Another troubling element of Epstein's academic and social network involved his association with a secluded cabin property tied to the prestigious Interlochen Center for the Arts in Michigan. Epstein reportedly sponsored and maintained access to a private cabin near the campus, using it as part of his broader network of elite social spaces connected to young artists, intellectuals, and rising talent. Former associates and reporting on Epstein's movements described the cabin as one of several properties and retreat-style locations where Epstein cultivated relationships with academics, performers, scientists, and influential figures away from public scrutiny. The revelations fueled further questions about how Epstein embedded himself so deeply into elite educational and cultural institutions for years after his criminal conduct was already widely known, with critics arguing that institutions repeatedly ignored glaring warning signs because of the prestige, money, and connections Epstein brought with him.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Newly released documents reveal that a $25,000 donation tied to Jeffrey Epstein was funneled to Harvard's women's rugby team, but the players themselves say they were never informed of the true source of the money. Instead, they were led to believe the funding came through legitimate university channels—possibly even as a response from then-Harvard president Lawrence Summers to their financial struggles. Internal records, however, show that the university had clear knowledge from the outset that the donation originated from Epstein, raising serious questions about transparency and decision-making within Harvard's administration.The situation becomes more troubling with claims that team members were effectively told to stay quiet about the donation, even as the university maintained awareness of its origin. For athletes who were already underfunded and in need of support, the lack of disclosure meant they unknowingly benefited from money tied to a convicted sex offender. The episode adds to a growing pattern revealed in the Epstein files—where institutions continued to accept or obscure financial connections long after Epstein's criminal history was known—further fueling scrutiny over how elite organizations handled his money and protected their reputations.to contact me:bobbycapucci@protonmaill.com

Newly released documents reveal that a $25,000 donation tied to Jeffrey Epstein was funneled to Harvard's women's rugby team, but the players themselves say they were never informed of the true source of the money. Instead, they were led to believe the funding came through legitimate university channels—possibly even as a response from then-Harvard president Lawrence Summers to their financial struggles. Internal records, however, show that the university had clear knowledge from the outset that the donation originated from Epstein, raising serious questions about transparency and decision-making within Harvard's administration.The situation becomes more troubling with claims that team members were effectively told to stay quiet about the donation, even as the university maintained awareness of its origin. For athletes who were already underfunded and in need of support, the lack of disclosure meant they unknowingly benefited from money tied to a convicted sex offender. The episode adds to a growing pattern revealed in the Epstein files—where institutions continued to accept or obscure financial connections long after Epstein's criminal history was known—further fueling scrutiny over how elite organizations handled his money and protected their reputations.to contact me:bobbycapucci@protonmaill.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.

Newly released documents reveal that a $25,000 donation tied to Jeffrey Epstein was funneled to Harvard's women's rugby team, but the players themselves say they were never informed of the true source of the money. Instead, they were led to believe the funding came through legitimate university channels—possibly even as a response from then-Harvard president Lawrence Summers to their financial struggles. Internal records, however, show that the university had clear knowledge from the outset that the donation originated from Epstein, raising serious questions about transparency and decision-making within Harvard's administration.The situation becomes more troubling with claims that team members were effectively told to stay quiet about the donation, even as the university maintained awareness of its origin. For athletes who were already underfunded and in need of support, the lack of disclosure meant they unknowingly benefited from money tied to a convicted sex offender. The episode adds to a growing pattern revealed in the Epstein files—where institutions continued to accept or obscure financial connections long after Epstein's criminal history was known—further fueling scrutiny over how elite organizations handled his money and protected their reputations.to contact me:bobbycapucci@protonmaill.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

How did an unforgettable donation from the most notorious pedophile in America get past the most prestigious university's self-investigation? And why did Harvard allegedly ask to keep it confidential? Pablo and The Harvard Crimson's Dhruv Patel unearth internal financials, the secret role of president Lawrence Summers, plus new Jeffrey Epstein correspondence — and speak to the team that "never asked to be affiliated with this monster."• More from The Harvard Crimson: Women's Rugby Players Were Told to Keep a $25,000 Gift Quiet. The Donor Was Epstein.(Pablo Torre Finds Out is independently produced by Meadowlark Media and distributed by The Athletic. The views, research and reporting expressed in this episode are solely those of Pablo Torre Finds Out and do not reflect the work or editorial input of The Athletic or its journalists.) Hosted on Acast. See acast.com/privacy for more information.

Harvard has announced that it is launching a fresh review of its connections to Epstein after new emails and documents were released showing long -standing ties between Epstein and former Harvard president Lawrence Summers. The released materials show that Summers maintained communications with Epstein well after Epstein's 2008 conviction for solicitation of prostitution of a minor, including advice-seeking messages and email exchanges in 2017-2019. The university's statement says the review will look into “information concerning individuals at Harvard included in the newly released Epstein documents to evaluate what actions may be warranted.”This comes on the heels of a previous investigation (completed circa 2020) which found that Epstein had made sizeable donations to Harvard (about $9 million between 1998–2008) and had access to Harvard campus facilities — including an office — even after his conviction. The new probe focuses not only on Summers but also on other Harvard affiliates named in the documents (including Summers's wife, Harvard professor Elisa New). The scandal is reopening questions about how institutions handled Epstein's donations, access and post-conviction privileges.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.

Harvard has announced that it is launching a fresh review of its connections to Epstein after new emails and documents were released showing long -standing ties between Epstein and former Harvard president Lawrence Summers. The released materials show that Summers maintained communications with Epstein well after Epstein's 2008 conviction for solicitation of prostitution of a minor, including advice-seeking messages and email exchanges in 2017-2019. The university's statement says the review will look into “information concerning individuals at Harvard included in the newly released Epstein documents to evaluate what actions may be warranted.”This comes on the heels of a previous investigation (completed circa 2020) which found that Epstein had made sizeable donations to Harvard (about $9 million between 1998–2008) and had access to Harvard campus facilities — including an office — even after his conviction. The new probe focuses not only on Summers but also on other Harvard affiliates named in the documents (including Summers's wife, Harvard professor Elisa New). The scandal is reopening questions about how institutions handled Epstein's donations, access and post-conviction privileges.to contact me:bobbycapucci@protonmail.com

Harvard has announced that it is launching a fresh review of its connections to Epstein after new emails and documents were released showing long -standing ties between Epstein and former Harvard president Lawrence Summers. The released materials show that Summers maintained communications with Epstein well after Epstein's 2008 conviction for solicitation of prostitution of a minor, including advice-seeking messages and email exchanges in 2017-2019. The university's statement says the review will look into “information concerning individuals at Harvard included in the newly released Epstein documents to evaluate what actions may be warranted.”This comes on the heels of a previous investigation (completed circa 2020) which found that Epstein had made sizeable donations to Harvard (about $9 million between 1998–2008) and had access to Harvard campus facilities — including an office — even after his conviction. The new probe focuses not only on Summers but also on other Harvard affiliates named in the documents (including Summers's wife, Harvard professor Elisa New). The scandal is reopening questions about how institutions handled Epstein's donations, access and post-conviction privileges.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Harvard has announced that it is launching a fresh review of its connections to Epstein after new emails and documents were released showing long -standing ties between Epstein and former Harvard president Lawrence Summers. The released materials show that Summers maintained communications with Epstein well after Epstein's 2008 conviction for solicitation of prostitution of a minor, including advice-seeking messages and email exchanges in 2017-2019. The university's statement says the review will look into “information concerning individuals at Harvard included in the newly released Epstein documents to evaluate what actions may be warranted.”This comes on the heels of a previous investigation (completed circa 2020) which found that Epstein had made sizeable donations to Harvard (about $9 million between 1998–2008) and had access to Harvard campus facilities — including an office — even after his conviction. The new probe focuses not only on Summers but also on other Harvard affiliates named in the documents (including Summers's wife, Harvard professor Elisa New). The scandal is reopening questions about how institutions handled Epstein's donations, access and post-conviction privileges.to contact me:bobbycapucci@protonmail.com

Harvard has announced that it is launching a fresh review of its connections to Epstein after new emails and documents were released showing long -standing ties between Epstein and former Harvard president Lawrence Summers. The released materials show that Summers maintained communications with Epstein well after Epstein's 2008 conviction for solicitation of prostitution of a minor, including advice-seeking messages and email exchanges in 2017-2019. The university's statement says the review will look into “information concerning individuals at Harvard included in the newly released Epstein documents to evaluate what actions may be warranted.”This comes on the heels of a previous investigation (completed circa 2020) which found that Epstein had made sizeable donations to Harvard (about $9 million between 1998–2008) and had access to Harvard campus facilities — including an office — even after his conviction. The new probe focuses not only on Summers but also on other Harvard affiliates named in the documents (including Summers's wife, Harvard professor Elisa New). The scandal is reopening questions about how institutions handled Epstein's donations, access and post-conviction privileges.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.

Harvard has announced that it is launching a fresh review of its connections to Epstein after new emails and documents were released showing long -standing ties between Epstein and former Harvard president Lawrence Summers. The released materials show that Summers maintained communications with Epstein well after Epstein's 2008 conviction for solicitation of prostitution of a minor, including advice-seeking messages and email exchanges in 2017-2019. The university's statement says the review will look into “information concerning individuals at Harvard included in the newly released Epstein documents to evaluate what actions may be warranted.”This comes on the heels of a previous investigation (completed circa 2020) which found that Epstein had made sizeable donations to Harvard (about $9 million between 1998–2008) and had access to Harvard campus facilities — including an office — even after his conviction. The new probe focuses not only on Summers but also on other Harvard affiliates named in the documents (including Summers's wife, Harvard professor Elisa New). The scandal is reopening questions about how institutions handled Epstein's donations, access and post-conviction privileges.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

pWotD Episode 3122: Lawrence Summers Welcome to popular Wiki of the Day, spotlighting Wikipedia's most visited pages, giving you a peek into what the world is curious about today.With 232,594 views on Tuesday, 18 November 2025 our article of the day is Lawrence Summers.Lawrence Henry "Larry" Summers (born November 30, 1954) is an American economist most famous for serving as United States Secretary of the Treasury from 1999 to 2001 and as the director of the National Economic Council from 2009 to 2010. He also served as president of Harvard University from 2001 to 2006, where he is the Charles W. Eliot University Professor and director of the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School.Summers became a professor of economics at Harvard University in 1983. He left Harvard in 1991, working as the Chief Economist of the World Bank from 1991 to 1993. In 1993, Summers was appointed Under Secretary for International Affairs of the United States Department of the Treasury under President Bill Clinton's administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury. While working for the Clinton administration, Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the 1998 Russian financial crisis. He was also influential in the Harvard Institute for International Development and American-advised privatization of the economies of the post-Soviet states, and in the deregulation of the U. S. financial system, including the repeal of the Glass-Steagall Act.Following the end of Clinton's term, Summers served as the 27th president of Harvard University from 2001 to 2006. Summers resigned as Harvard's president in the wake of a no-confidence vote by Harvard faculty, which resulted in large part from Summers's conflict with Cornel West, financial conflict of interest questions regarding his relationship with Andrei Shleifer, and a 2005 speech in which he offered three reasons for the under-representation of women in science and engineering, including the possibility that there exists a "different availability of aptitude at the high end", in addition to patterns of discrimination and socialization.After his departure from Harvard, Summers worked as a managing partner at the hedge fund D. E. Shaw & Co. Summers rejoined public service during the Obama administration, serving as the Director of the White House United States National Economic Council for President Barack Obama from January 2009 until November 2010, where he emerged as a key economic decision-maker in the Obama administration's response to the Great Recession. In November 2023, Summers joined the board of directors of artificial intelligence organization OpenAI.This recording reflects the Wikipedia text as of 02:57 UTC on Wednesday, 19 November 2025.For the full current version of the article, see Lawrence Summers on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm standard Joey.

The Wall Street Journal's release of Jeffrey Epstein's private calendar revealed that, even after his 2008 conviction as a sex offender, he maintained access to prominent figures in politics, finance, and academia. The calendar included scheduled meetings with individuals such as CIA Director William Burns, renowned academic Noam Chomsky, Goldman Sachs lawyer Kathryn Ruemmler, Bard College President Leon Botstein, and former Israeli Prime Minister Ehud Barak. These entries demonstrated that Epstein, despite his notoriety, was still actively engaging with power players, securing sit-downs that suggested his influence and connections remained intact well after his fall from grace.Responses to the revelations highlighted both defensiveness and distancing. Chomsky confirmed some interactions but dismissed the significance, telling reporters that who he met “is none of your business.” Burns's camp insisted his meeting with Epstein was merely a brief introduction arranged during his transition out of government and that he had no relationship with him. The broader disclosure underscored the depth of Epstein's reach and the discomfort it continues to cause for those whose names surfaced on his calendar years after his crimes were well known.to contact me:bobbycapucci@protonmail.comsource:Jeffrey Epstein Documents, Part 2: Dinners with Lawrence Summers and Movie Screenings With Woody Allen (msn.com)Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Speaking for corporate Dems everywhere, Lawrence Summers says he's "profoundly alarmed" about the future of our country in light of Mamdani's victory--as if being alarmed isn't strong enough. Ben riffs. Marc Sims talks about the "Iron Law of Oligarchy." That's Marc Andreesen's theory about democracy. Which is taken from a book Andreesen once read. Andreesen is a fabulously wealthy venture capitalist. His theory basically says that everything he believes is true because he believes it. About the only thing Marc Sims and Andreesen have in common is their first name. Also, the state of State. That's 115th and State on the far south side. Marc is host of Just A Few Questions, a Chicago-based podcast.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week on Sinica, I chat with veteran Wall Street Journal reporter Bob Davis, who has covered the U.S.-China relationship for decades. He recently published a new book called Broken Engagement, which consists of interviews with U.S. policymakers who were instrumental in shaping American policy toward China from the George H.W. Bush administration through the Biden administration. It's an eye-opening look at the individuals who fought for — and against — engagement with China.2:58 – Bob's thoughts on engagement: whether it was doomed from the start, when and why there was a shift, people's different aspirations for it and retrospective positioning, and whether it could have a transformative effect 13:28 – The Nancy Pelosi interview: her approach, her Taiwan visit, and her critique of capitulation to business interests17:18 – Bob's interviews with Charlene Barshefsky, Lawrence Summers, and Bob Zoellick: the WTO accession, the China shock, Zoellick's “responsible stakeholder” concept, and diplomacy as an ongoing process 27:24 – The Robert Gates interview: security-focused engagement, and his shift to realism 31:14 – Misreading Xi Jinping34:42 – Bob's interviews with Stephen Hadley and Ash Carter regarding the South China Sea 39:19 – The Matt Pottinger interview: his view on China and how COVID changed everything 46:14 – Michael Rogers' interview: cyber espionage and cyber policy 51:25 – Robert O'Brien's interview: the “reverse Kissinger” and Taiwan 54:14 – Bob's interview with Kurt Campbell: his famous Foreign Affairs essay, differentiating between decoupling and de-risking, and technology export restrictions and trade deals 59:28 – The Rahm Emanuel interview: his response to wolf warrior diplomacy1:01:57 – Bob's takeaways: the long-term vision of engagement, introspective interviewees, and his own increased pessimism Paying It Forward: Lingling Wei at The Wall Street Journal; Eva Dou at The Washington Post and her book House of Huawei: The Secret History of China's Most Powerful Company; and Katrina Northrop at The Washington Post Recommendations: Bob: The TV series Derry Girls (2018-2022) and Curb Your Enthusiasm (2000-2024); and Margaret O'Farrell's novels, including Hamnet and The Marriage Portrait Kaiser: The BBC and Masterpiece series Wolf Hall: The Mirror and the Light See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Hosted by Jane Pauley. In our cover story, Robert Costa talks with former Harvard president Lawrence Summers about President Trump's actions against universities. Also: On the 100th birthday of Malcolm X, Mark Whitaker looks at the charismatic Black leader's influence six decades after his assassination; Mo Rocca sits down with Cole Escola, star and playwright of the Broadway hit “Oh, Mary!”; Martha Teichner reports on the upcoming Vatican conclave to choose a successor to Pope Francis; Jon Wertheim meets some of the “Nonnas” who cook family recipes at a Staten Island, N.Y. restaurant; Lee Cowan visits a North Carolina pottery run by the great-grandson of Henri Matisse; and David Pogue finds out why the grocery store chain Wegmans has such devoted fans. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Former US Treasury Secretary Lawrence Summers says there is a substantial need for Harvard University to reform in respect to antisemitism, discipline of students and widening of perspectives. Speaking to Wall Street Week Anchor David Westin, Summers says he believes there's a risk on both sides as he wants the institution to make changes but does not want the government to "order universities around."See omnystudio.com/listener for privacy information.

The Wall Street Journal has released a three part series detailing what a day in the life of Jeffrey Epstein was like, according to his calendar and to say that the names on the schedule are jaw dropping is an understatement. In this episode we dive back into the Wall Street Journal's piece on Epstein and continue the discussion about the so called elite that were breaking bread with him, even after he was a convicted sex offender.(commercial at 16:16)to contact me:bobbycapucci@protonmail.comsource:Jeffrey Epstein Documents, Part 2: Dinners with Lawrence Summers and Movie Screenings With Woody Allen (msn.com)Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Thomas Drechsel is an assistant professor of economics at the University of Maryland. He joins David on Macro Musings to talk about the political pressure on the Fed and the new ways to measure monetary policy shocks. Thomas and David also discuss fiscal and monetary dominance, the impact of political pressure on inflation, why we should care about central bank independence, and more.   Transcript for this week's episode.   Thomas's website Thomas's Twitter: @td_econ   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server!   Join the Macro Musings mailing list! Check out our Macro Musings merch!   Related Links:   *Estimating the Effects of Political Pressure on the Fed: A Narrative Approach with New Data* by Thomas Drechsel   *Identifying Monetary Policy Shocks: A Natural Language Approach* by S. Boragan Aruoba and Thomas Drechsel   *Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence* by Alberto Alesina and Lawrence Summers   *Narrative Sign Restrictions for SVARs* by Juan Antolin-Diaz and Juan Rubio-Ramirez   *Threats to Central Bank Independence: High-Frequency Indentifcation with Twitter* by Francesco Bianchi, Thilo Kind, and Howard Kung   *A New Measure of Monetary Shocks: Derivation and Implications* by Christina Romer and David Romer   Timestamps:   (00:00:00) – Intro   (00:04:47) – Why Should We Care About Central Bank Independence?   (00:08:01) – Fiscal and Monetary Dominance   (00:12:41) – Estimating the Effects of Political Pressure on the Fed   (00:27:14) – Breaking Down the Research Results   (00:36:46) – The Impact of Political Pressure on Inflation   (00:43:07) – Identifying Monetary Policy Shocks: Background, Methodology, and Results   (00:59:45) – Outro

We revisit an episode from 2016 that asks: Has our culture's obsession with innovation led us to neglect the fact that things also need to be taken care of?  SOURCES:Martin Casado, general partner at Andreessen Horowitz.Ruth Schwartz Cowan, professor emerita of history and sociology of science at University of Pennsylvania.Edward Glaeser, professor of economics at Harvard University.Chris Lacinak, founder and president of AVPreserve.Andrew Russell, provost of SUNY Polytechnic Institute.Lawrence Summers, professor and president emeritus of Harvard University; former Secretary of the Treasury and former director of the National Economic Council.Lee Vinsel, professor of science, technology, and society at Virginia Tech. RESOURCES:“Hail the Maintainers," by Andrew Russell and Lee Vinsel (Aeon, 2016).“A Lesson on Infrastructure From the Anderson Bridge Fiasco,” by Lawrence Summers and Rachel Lipson (The Boston Globe, 2016).Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier, by Edward Glaeser (2008).More Work for Mother: The Ironies of Household Technology from the Open Hearth to the Microwave, by Ruth Schwartz Cowan (1983). EXTRAS:"Freakonomics Radio Takes to the Skies," series by Freakonomics Radio (2023)."Edward Glaeser Explains Why Some Cities Thrive While Others Fade Away," by People I (Mostly) Admire (2021)."Why Larry Summers Is the Economist Everyone Hates to Love," by Freakonomics Radio (2017).

Former Treasury Secretary Lawrence Summers said that, while the Federal Reserve hit a “low point” in its monetary policy history by failing to act quickly against the 2021 inflation surge, in the end it did enough to right the economy. Summers spoke with Bloomberg's David Westin on 'Wall Street Week.'See omnystudio.com/listener for privacy information.

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.

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. 

Hosted on Acast. See acast.com/privacy for more information.

The world is facing a 'poly-crisis' of interconnected economic, environmental, geo-political, and governance challenges. Lawrence Summers is particularly well placed to discuss these issues, given his wide experience in government, and the impact his research has had on economics. In a wide-ranging discussion, Larry discusses the unprecedented fall in world poverty over the past half-century, the role of America in fostering a well-functioning rules-based global system, the current experience with inflation, policies to address inequality, and the role of economists in policy making. Larry is a University Professor at Harvard University. He has served as the Director of the National Economic Council, the Secretary of the Treasury, Chief Economist at the World Bank, President of Harvard University, and Managing Partner at D.E. Shaw.

The world is facing a 'poly-crisis' of interconnected economic, environmental, geo-political, and governance challenges. Lawrence Summers is particularly well placed to discuss these issues, given his wide experience in government, and the impact his research has had on economics. In a wide-ranging discussion, Larry discusses the unprecedented fall in world poverty over the past half-century, the role of America in fostering a well-functioning rules-based global system, the current experience with inflation, policies to address inequality, and the role of economists in policy making. Larry is a University Professor at Harvard University. He has served as the Director of the National Economic Council, the Secretary of the Treasury, Chief Economist at the World Bank, President of Harvard University, and Managing Partner at D.E. Shaw.

Mary Hirschfeld is Associate Professor of Theology at the University of Notre Dame. Before joining the faculty at Notre Dame, Mary Hirschfeld was Associate Professor of Economics and Theology in the Department of Humanities at Villanova University where she regularly taught the Humanities gateways Society and God, and honors ACS seminars (ancients and moderns). She completed a Ph.D. in economics (Harvard University) under the direction of Lawrence Summers and Jeffrey Williamson, and a Ph.D. in Moral Theology (University of Notre Dame) under the direction of Jean Porter. Her research is on the boundary between economics and theology, culminating in her book Aquinas and the Market: Toward a Humane Economy (Harvard University Press, 2018).

In yet another head-spinning twist at OpenAI, Sam Altman was reinstated as the company's chief executive on Tuesday night, a mere five days after the OpenAI board had fired him. The board will be overhauled and a new set of directors, including Bret Taylor and Lawrence Summers, will join.Today, we discuss how Altman returned to the top seat — and whether the OpenAI news will ever slow down.Additional Reading:Late Tuesday night, Sam Altman was reinstated as OpenAI's chief executive. 

The Wall Street Journal has released a three part series detailing what a day in the life of Jeffrey Epstein was like, according to his calendar and to say that the names on the schedule are jaw dropping is an understatement.In this episode we dive back into the Wall Street Journal's piece on Epstein and continue the discussion about the so called elite that were breaking bread with him, even after he was a convicted sex offender.(commercial at 8:40)to contact me:bobbycapucci@protonmail.comsource:Jeffrey Epstein Documents, Part 2: Dinners with Lawrence Summers and Movie Screenings With Woody Allen (msn.com)This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5080327/advertisement

The Wall Street Journal has released a three part series detailing what a day in the life of Jeffrey Epstein was like, according to his calendar and to say that the names on the schedule are jaw dropping is an understatement.In this episode we dive back into the Wall Street Journal's piece on Epstein and continue the discussion about the so called elite that were breaking bread with him, even after he was a convicted sex offender.(commercial at 16:16)to contact me:bobbycapucci@protonmail.comsource:Jeffrey Epstein Documents, Part 2: Dinners with Lawrence Summers and Movie Screenings With Woody Allen (msn.com)This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5003294/advertisement

The Wall Street Journal has released a three part series detailing what a day in the life of Jeffrey Epstein was like, according to his calendar and to say that the names on the schedule are jaw dropping is an understatement.In this episode we dive back into the Wall Street Journal's piece on Epstein and continue the discussion about the so called elite that were breaking bread with him, even after he was a convicted sex offender.(commercial at 13:23)to contact me:bobbycapucci@protonmail.comsource:Jeffrey Epstein Documents, Part 2: Dinners with Lawrence Summers and Movie Screenings With Woody Allen (msn.com)This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5080327/advertisement

The Wall Street Journal has released a three part series detailing what a day in the life of Jeffrey Epstein was like, according to his calendar and to say that the names on the schedule are jaw dropping is an understatement.In this episode we dive back into the Wall Street Journal's piece on Epstein and continue the discussion about the so called elite that were breaking bread with him, even after he was a convicted sex offender.(commercial at 13:23)to contact me:bobbycapucci@protonmail.comsource:Jeffrey Epstein Documents, Part 2: Dinners with Lawrence Summers and Movie Screenings With Woody Allen (msn.com)This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5003294/advertisement

Lawrence Summers is the President Emeritus and Charles W. Eliot University Professor at Harvard University. He also served as the 71st Secretary of the Treasury in the Clinton Administration, as Director of the White House National Economic Council in the Obama Administration, and as the Chief Economist of the World Bank. In this episode, Robinson and Larry discuss two topics close to his heart and work. First, they talk about the relationship between economic research and economic policy, both at a broad, theoretical level and with respect to cases, such as the current problem of inflation and Larry's own work on global investments in the education of women. Second, they explore free speech and the social function of the university, including its commitments to the pursuit of truth, the promotion of opportunity, and an increase in prosperity. Larry's Twitter: https://twitter.com/LHSummers Larry's Website: https://larrysummers.com/ OUTLINE 00:00 In This Episode… 01:06 Introduction 05:19 Theory, Research, and Policy in Economics 18:15 Using Research to Debunk Theory 23:00 Investing in Women's Education 27:33 Free Speech at Harvard 34:52 Harvard and the Purpose of the University 38:17 Why Larry Ran Harvard 41:50 The STEM Revolution 54:03 Anti-Semitism in the University Robinson's Website: http://robinsonerhardt.com Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University. Join him in conversations with philosophers, scientists, weightlifters, artists, and everyone in-between.  --- Support this podcast: https://podcasters.spotify.com/pod/show/robinson-erhardt/support

The Wall Street Journal has released a three part series detailing what a day in the life of Jeffrey Epstein was like, according to his calendar and to say that the names on the schedule are jaw dropping is an understatement.In this episode we dive back into the Wall Street Journal's piece on Epstein and continue the discussion about the so called elite that were breaking bread with him, even after he was a convicted sex offender.(commercial at 16:16)to contact me:bobbycapucci@protonmail.comsource:Jeffrey Epstein Documents, Part 2: Dinners with Lawrence Summers and Movie Screenings With Woody Allen (msn.com)This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5003294/advertisement

The U.S. dollar's status as the global reserve currency is diminishing, which reduces the power that U.S. leaders have over the global economic system. In this episode, hear highlights from recent Congressional testimony during which financial elites examine the current status of the global financial system and what Congress is being told to do to address perceived threats to it (and to their own power). Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via PayPal Support Congressional Dish via Patreon (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536. Please make checks payable to Congressional Dish Thank you for supporting truly independent media! View the show notes on our website at https://congressionaldish.com/cd276-the-demise-of-dollar-dominance Background Sources Recommended Congressional Dish Episodes CD269: NDAA 2023/Plan Ecuador CD230: Pacific Deterrence Initiative CD195: Yemen CD187: Combating China CD102: The World Trade Organization: COOL? International Monetary Fund “IMF Financial Activities List 2023.” Updated June 21, 2023. International Monetary Fund. “Weekly Report on Key Financial Statistics.” June 9, 2023. International Monetary Fund. “IMF Lending.” Updated December 2022. International Monetary Fund. Argentina “Argentina: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding” October 17, 2018. International Monetary Fund. “Argentina Policy Memorandum.” January 11, 1999. International Monetary Fund. Ecuador “Ecuador—Supplementary Letter of Intent.” March 13, 2003. International Monetary Fund. Smaller Banks within the World Trade System International Finance Corporation China “Members and Observers.” World Trade Organization. “ China and the WTO.” World Trade Organization. “From ‘China Shock' to deglobalisation shock: China's WTO accession and US economic engagement 20 years on.” Stephen Kirchner. January 24, 2022. United States Studies Centre. “The China Reckoning: How Beijing Defied American Expectations.” Kurt M. Campbell and Ely Ratner. February 13, 2018. Foreign Affairs. The World Bank “Who can borrow from the World Bank?” December 10, 2020. Bretton Woods Observer. “Domination of the United States on the World Bank.” Eric Toussaint. April 2, 2020. Committee for the Abolition of Illegitimate Debt. “Why Is the World Bank Still Lending to China?” Yukon Huang. January 15, 2020. Carnegie Endowment for International Peace. Congressional Stock Trade Tracking Quiver Quantitative Unusual Whales US Abuse of Sanctions “The Other Counteroffensive to Save Ukraine.” Lawrence Summers et. al. June 15, 2023. Foreign Affairs. Allies Pivoting “Europe must resist pressure to become ‘America's followers,' says Macron.” Jamil Anderlini and Clea Caulcutt. April 9, 2023. Politico. “US State Dept backs latest raft of Saudi, UAE, Jordan arms sales.” February 2, 2022. Al Jazeera. Witnesses Mark Rosen on Linkedin Daniel F. Runde on Linkedin “Membership Roster.” Accessed June 24, 2023. Council on Foreign Relations. Tyler Goodspeed on Linkedin Carla Norrlof - “Board of Directors.” Atlantic Council. Daniel McDowell bio Marshall Billingslea on Linkedin Audio Sources Dollar Dominance: Preserving the U.S. Dollar's Status as the Global Reserve Currency June 7, 2023 House Financial Services Committee Watch on YouTube Witnesses: Dr. Tyler Goodspeed, Kleinheinz Fellow, Hoover Institution at Stanford University Dr. Michael Faulkender, Dean's Professor of Finance, Robert H. Smith School of Business at University of Maryland Dr. Daniel McDowell, Associate Professor, Maxwell School of Citizenship & Public Affairs at Syracuse University Marshall Billingslea, Senior Fellow, Hudson Institute Dr. Carla Norrlöf, Senior Fellow, The Atlantic Council and Professor, University of Toronto Clips 34:05 Dr. Tyler Goodspeed: In 2022, as the Ranking Member highlighted, 88% of all foreign exchange transactions by value involved the United States Dollar, a figure that has been roughly constant since 1989, which is testament to the substantial path dependence in international currency usage due to large positive network externalities. As the Ranking Member also highlighted, 59% of all official foreign exchange reserves were held in US dollars, which is down from a figure of 71.5% in 2001. By comparison 31% of all foreign exchange transactions by value involve the Euro, which is the second most commonly transacted currency, which accounted for 20% of official foreign exchange reserves. 34:50 Dr. Tyler Goodspeed: The fact that 90% of all foreign exchange transactions continue to involve the United States dollar, and that global central banks continue to hold almost 60% of their foreign exchange reserves in US dollars confers net economic benefits on the United States economy. First, foreign demand for reserves of US dollars raises demand for dollar denominated securities, in particular United States Treasury's. This effectively lowers the cost of borrowing for US households, US companies, and federal, state and local governments. It also means that on average, the United States earns more on its investments in foreign assets than we have to pay on foreign investments in the United States, which allows the United States to import more goods and services than we export. Second, foreign demand for large reserves of US dollars and dollar denominated assets raises the value of the dollar and a stronger dollar benefits us consumers and businesses that are net importers of goods and services from abroad. Third, large reserve holdings of US currency abroad in effect constitutes an interest free loan to the United States worth about $10 to $20 billion per year. Fourth, the denomination of the majority of international transactions in US dollars likely modestly lowers the exchange rate risks faced by US companies. Fifth, the given the volume of foreign US dollar holdings and dollar denominated debt, monetary policy actions by foreign central banks generally have a smaller impact on financial conditions in the United States than actions by the United States Central Bank have on financial conditions in other countries. 36:40 Dr. Tyler Goodspeed: However, the benefits of the US dollar's global reserve status are not without costs. The lower interest rates in the United States benefit US borrowers, especially the federal government. They also lower returns to US savers. In addition, though a stronger dollar benefits US consumers and businesses that net import goods and services from abroad, it does also disadvantage US firms that export goods and services abroad as well as firms that compete against imported goods and services. Furthermore, the perception of the US dollar as a safe haven asset means that demand for the dollar tends to increase in response to adverse macroeconomic events that are global in nature. As a result, the competitiveness of US exporters and US firms that compete against imported goods and services are likely to face an increased competitive disadvantage at times of elevated global macroeconomic stress. 37:35 Dr. Tyler Goodspeed: However, despite these costs, studies generally find that the economic benefits of the dollar's prominent global status outweigh the costs, providing a modest net benefit to the United States economy. This does not include the substantial benefit to which the chairman referred of the United States dollar's centrality in global transactions, allowing the United States to utilize financial sanction tools when appropriate in support of national security objectives. 44:50 Dr. Daniel McDowell: With little more than the stroke of the President's pen or through an Act of Congress, the US government can use financial sanctions to impose enormous economic costs on targeted foreign actors, be they individuals, firms, or state institutions, by freezing their dollar assets or cutting them off from access to the banks through which those dollars flow. The consequences for individual targets, known as specially designated nationals or SDNs, are severe, significantly impairing targets capacity to participate in international trade, investment, debt repayment, and depriving them of access to their wealth. Over the last two decades, the United States has used the tool of financial sanctions with increasing frequency. For example, in the year 2000, just four foreign governments were directly targeted under a US Treasury Country Program overseen by the Office of Foreign Assets Control (OFAC). Today that number is greater than 20, and if we include penalties from secondary sanctions the list gets even longer. The more that the United States has reached for financial sanctions, the more it has made adversaries and foreign capitals aware of the strategic vulnerability that stems from dependence on the dollar. Some governments have responded by implementing anti-dollar policies measures that are designed to reduce an economy's reliance on the US currency for investment in cross-border transactions. But these measures sometimes fail to achieve their goals. Others have produced modest levels of de-dollarization. Notable examples here include Russian steps to cut its dollar reserves and reduce the use of the dollar and trade settlement in the years leading up to its full scale invasion of Ukraine, or China's ongoing efforts to build its own international payments network based on the Yuan, efforts that have taken on a new sense of urgency as Beijing has become more aware of its own strategic vulnerabilities from Dollar dependence. 47:05 Dr. Daniel McDowell: The United States should reconsider the use of so-called symbolic financial sanctions. That is, if the main objective of a tranche of sanctions is to signal to the world or to a domestic audience that Washington disapproves of a foreign government's policy choices, other measures that can send a similar signal but do not politicize the dollar system ought to be considered first. Second, the use of financial sanctions against issuers of potential rival currencies in particular, China and its Yuan should face a higher bar of scrutiny. Even a small targeted sanctions program provides information to our adversaries about their vulnerabilities, and gives them time to prepare for a future event when a broad US sanctions program may be called upon as part of a major security crisis, when such measures will be most needed. Finally, whenever possible, US financial sanctions should be coordinated with our allies in Europe and Asia, who should feel as if they are key stakeholders in the dollar system and not vassals to it. Such coordinated efforts will prevent our friends from seeking to conduct business with U.S. adversaries outside of the dollar system and send a message to the whole world that moving activities into secondary currencies, like the Euro or the Yen, is not a safe haven. 48:35 Marshall Billingslea: I'll say at the outset that I agree with you and others that to paraphrase Mark Twain, reports of the dollar's demise have been greatly exaggerated. That said, we need to remind ourselves that in the 16th century the Spanish silver dollar was the dominant currency, in the 17th century it was Dutch florins, in the 18th century it was the pound sterling. The link between a nation's currency and its role as the relatively dominant political actor on the world stage is pretty clear. And that is why people like Lula from Brazil, Putin and Xi all aspire to undercut the role of the dollar as the global reserve currency. 50:00 Marshall Billingslea: If we look at what Russia did in the run-up to its further invasion of Ukraine, they began dumping ownership of treasury bonds in 2018. In that year, they plummeted from $96 billion and holdings down to $15 billion and they also started buying large amounts of gold. China is now, as the Ranking Member has observed, embarking on its own its own gold buying spree. I haven't seen the data for May, but April marked the sixth straight month of Chinese expansion in its gold holdings, and I'm not sure I believe the official figures. We have to recall that China is the dominant gold mining player around the world and half of those gold mining companies are state-owned. So the actual size of China's war chest when it comes to gold reserves may be far higher. In fact, I suspect inevitably far higher than official numbers suggest. Last year China also started dumping its treasuries. 2022 marked the largest or second largest decrease on record, with a drop of about $174 billion, and China stood at the lowest level since 2010. In terms of its holdings, though, this past March they did reverse course. This bears close watching because a sell-off may be a strong indicator of planned aggression. 51:20 Marshall Billingslea: The sheer size of the Chinese economy dwarfs what we've been contending with in the form of Iran, Russia, and so on. And one of the first things that the Biden administration did in the wake of Russia's attack was start sanctioning Russian banks and de-SWIFTing them. That's one thing when you're going after an economy smaller than the size of Texas; it's quite another when you consider that out of the 100 largest banks in the world, China has 20, and all four of the top four are Chinese banks. And that is why many within the Treasury contended when I was there, and they will contend to this day, that these Chinese banks are simply too big to sanction. I don't agree that we can allow that to stand but I do believe we have to start taking very swift action to put us in a situation where we could take punitive measures on these banks if necessary. 54:10 Dr. Carla Norrlöf: I will note that the Dollar's dominance is not quite as strong amongst private actors and private markets as it is with governments. In private transactions, it averages about 45% of the world's total. That includes FX transactions, but also things like issuance of international debt, securities, and cross-border banking. 54:55 Dr. Carla Norrlöf: The Chinese Yuan poses no immediate threat to dollar dominance. It accounts for roughly 3% of overall reserves. So far China has been successful in promoting the Yuan with its trade partners, but the Yuan is scarcely used by countries outside trade with China. China is a potential long term challenger due to its active pursuit of trade and investment relationships. If the Yuan is increasingly used by third countries, it will pose a greater threat to the dollar. 55:30 Dr. Carla Norrlöf: And in addition to these external threats, there is also a domestic threat. Flirting with the possibility of a voluntary default puts dollar dominance at risk. What should the US do to maintain dominance, to curb the domestic threat? Congress should consider creating an alternative mechanism for resolving political differences on government spending and its consequences. 56:00 Dr. Carla Norrlöf: To rein in external threats the United States should, whenever possible, implement multilateral sanctions in support of broadly endorsed goals to shore up the liberal international order. This is likely to limit dollar backlash. 59:40 Marshall Billingslea: The thing I do worry -- I come back to this fact that they've been buying a lot of gold -- that one of the things that they could do, which would be very concerning, if they wind up having larger reserves of gold than we believe, is they could start issuing Yuan or gold denominated, gold-backed Yuan contracts and that would further their ambition for introducing the Yuan onto the world stage. 1:05:00 Marshall Billingslea: China considers the actual composition of its foreign exchange reserves to be a state secret. So they don't publish and they they view it as a criminal offense to try to obtain that information in terms of the balance of how much is gold, how much Dollar or Euro denominated. But the numbers I've seen suggest that still at this moment, about 50% to 60% of their Foreign Exchange reserves are still in Dollars or Euros, which means that they are at high risk of sanctions; we can affect them. The problem is that that war chest that they've built up is enormous. It's more than $3 trillion that they have in Foreign Exchange reserves. Compare that with what Russia had at the onset of its assault, which was around $680 billion, of which we managed to freeze overseas half of it, but Russia is still keeping its economy going despite the Biden administration sanctions. So imagine how they're going to be able to continue with that sizable war kitty in Beijing if they do decide to go after the Taiwanese. 1:09:00 Dr. Tyler Goodspeed: Short term I think the risk is that we continue to see diversification away from the dollar, PRC continuing to push other countries to use trade inverse invoicing and Renminbi, that they continue to promote the offshore Renminbi market, that they continue to promote or force bilateral clearing. Longer term, I think the bigger risk is that foreign investors no longer perceive the United States federal government debt to be as safe and risk free as it is today perceived. 1:41:20 Dr. Daniel McDowell: The demonstration of US control over the actual flow of dollars, of communication, absolutely provides information to adversaries to prepare for events where they may face similar circumstances. And so I think what we're seeing is China, we're seeing Russia, we're seeing other countries try to create alternative payments networks. Russia has its own SPFS payment messaging system. It's quite small. It was launched in 2014, not coincidentally, after the initial round of sanctions targeting Russia. In terms of CIPS, China's cross border payments network, Belarus announced it was having banks join immediately following the 2022 sanctions. So what I'm saying is there's a pattern between when the United States mobilizes control over the pipes and the messaging of cross-border payments and adversaries looking for alternatives. It doesn't mean they're using them, but they're getting plugged into the system as at least sort of a rainy day option in the event of a future targeting. 1:45:35 Dr. Daniel McDowell: I look at China not just as a typical country, because I think they're an alternative service provider. Most countries fall into alternative service users; they're looking for an alternative to the dollar. China, you could perhaps put Europe in this as well, are the only two sort of economic BLOCs capable, I think, of constructing an attractive enough cross-border payments network that could attract those alternative service users that are looking for that network. And so that's why I think again, with China, there should be a higher bar of scrutiny. 2:02:20 Dr. Tyler Goodspeed: As deficits mount and as the debt burden rises above 100%, I think the Congressional Budget Office has it ending the budget window at about 119% of our economy, then we will probably observe an acceleration of diversification away from the dollar as a hedge. Again, I don't see another single currency displacing the dollar as the major international currency or as the major reserve currency, but continued diversification. International Financial Institutions in an Era of Great Power Competition May 25, 2023 House Financial Services Committee Watch on YouTube Witnesses: Jesse M. Schreger, Associate Professor of Business, Columbia Business School Mark Rosen, Partner, Advection Growth Capital and former Acting Executive Director, International Monetary Fund (IMF) Daniel F. Runde, Senior Vice President, Center for Strategic & International Studies(CSIS) Rich Powell, Chief Executive Officer, ClearPath & ClearPath Action Daouda Sembene, Distinguished Nonresident Fellow, CGD and CEO, AfriCatalyst Clips 39:55 Mark Rosen: The IMF is the global lender of last resort to countries that are in economic distress. IMF borrowers usually have a balance of payments problem, are running out of foreign exchange reserves, and so cannot meet their obligations. The IMF negotiates a set of economic policies with the borrower in government to alleviate the crisis, and, conditional on the government implementing the agreed policies, provides a loan in tranches, normally over a three year period. 41:00 Mark Rosen: The biggest challenge the IMF faces today is China which, as we've heard, has lent vast sums to emerging market and low income countries in a non-transparent and irresponsible manner. Many IMF members are now struggling to repay China. 42:05 Mark Rosen: The United States is the largest shareholder in the IMF and has veto power over certain key decisions and it's critical that the US continues to maintain its ownership of more than 15% which enables it to have this veto power. 42:20 Mark Rosen: China for some time, has been pressing for an increased quota share at the IMF. However, given its irresponsible lending, and then willingness to provide debt relief to developing countries, this is not the time to reward China with increased ownership at the Fund. Two other issues I'd like to focus on are anti-corruption and the catalytic role of the private sector in the work of the IMF. Corruption is a severe problem for many emerging market countries, which do not have strong institutions that can confront and root out corruption. The IMF is certainly doing a much better job than it did historically on anti-corruption, but I believe it's critical that it continues to make anti corruption laws and policies front and center in the conditions of its lending programs, as well as a focus of its technical assistance. Only by reducing corruption will many of these countries be able to attract the vast amount of private sector investment which is potentially available and remains the ultimate key to reducing poverty. Establishing a rule of law, including laws to protect private property is key to unlocking this investment. And it should be a focus of the IMF and World Bank to encourage these countries to improve the rule of law and to fight corruption. If they do that, emerging market countries can attract private capital and grow rapidly as many countries that have followed that path have already done so successfully. 44:45 Daniel Runde: Multilateral development banks, MDBs, under US and Western leadership are one way that we can respond with something. The United States built and strengthened the MDB system. MDBs provide money, advice, data and convening power to help developing countries solve problems. If the US exerts its influence over these institutions, they are forced multipliers of a US-led global system. If we disregard our leadership role, then other actors, including China, can exert influence over them. The World Bank Group is a series of institutions: it lends money to national governments, it has a private sector arm, and has an insurance arm. There are a series of other regional development bank's including the InterAmerican Development Bank, the Asian Development Bank -- Taiwan is a member of the Asian Development Bank -- the African Development Bank and the EBRD, the European Bank for Reconstruction Development Bank, focused mainly on countries that used to be behind the Iron Curtain. The United States has been instrumental in creating the majority of these institutions and remains the largest, or one of the largest, shareholders of every afformentioned MDB. Since the founding of these institutions, the US has used its shareholding power to shape the policies and activities of MDBs in indirect support of American foreign policy. 47:10 Daniel Runde: What role does China play in the MDBs? They're a shareholder. China continues to borrow from the World Bank and the Asian Development Bank. That is crazy. That needs to stop. China is a shareholder. Also, Chinese firms can bid on MDB projects. China wins a lot of in terms of dollar value, a lot of the dollar value of World Bank contracts. Something to take a look at. 47:35 Daniel Runde: How does the Belt and Road figure into the MDBs? You all have heard of the Belt and Road. Infrastructure is now a strategic issue. China's Belt and Road Initiative is a combination of construction and financing projects for roads, airports, and energy around the world. Unfortunately for us, BRI is an ambitious project that speaks to the hopes of China's friends and potential friends. To counter the BRI, the US needs a positive alternative that says more than, "Don't work with China." Right? That's not a strategy. We've got to have an alternative. 1:12:50 Rep. Andy Barr (R-KY): How do we end China's eligibility to borrow from the World Bank? Daniel Runde: The Asian Development Bank has said they're going to end their eligibility by 2025. We should absolutely hold them to that. There is a temptation for the World Bank and the Asian Development Bank to continue to loan for a couple of reasons. One is they say, "Well, this is a window into how we can understand China better." There's lots of other ways to understand China better. And or this is a way for us to -- for a bunch of lending reasons that they do it. You all have the power of the purse, you have an ability, I think you should have blunted conversations with the administration about this. I suspect it's an open door, but it's going to require, I think, some pushing from Congress. I would encourage this committee to push the administration on ending lending to China. 1:14:30 Jesse Schreger: So fundamentally right now, the Renminbi is not yet positioned to compete with the US dollar for a number of reasons. First and foremost, the reason that the dollar plays the role it does in the international financial system is it provides the global safe asset. You're confident, except for the upcoming debt ceiling, that you will always be paid back if you own US dollars. That's fundamentally what you know. When you contemplate investing in China and holding Chinese Renminbi as reserves, you're not necessarily sure that you're gonna be able to turn that piece of paper into the goods and services that you need or intervening in FX markets. 1:21:15 Jesse Schreger: First and foremost, what China is trying to do is essentially convince countries around the world that the Renminbi is an alternative asset to invoice your trade and to invest in. And so on the investment side, they've been working very hard to actually allow in foreign capital, encouraging foreign central banks to hold Renminbi denominated bonds as their reserves. And on the trade side, they're encouraging firms to invoice, basically price their goods, in Renminbi. There's a few areas in which they've had challenges there. So first, we actually don't know who are holding most of these Renminbi denominated assets. What you can see is after the US sanctioned Russia back in 2014, it was the Russian Central Bank that effectively announced they were moving out of US dollar denominated assets and into Renminbi, so they did that publicly. And so China has effectively been trying to attract foreign capital of that form and a lot of the reasons for that is that China finds itself vulnerable in the dollar-based financial system. And so what I would say the fundamental area in which the United States can assure the dominance of the dollar is making everyone understand that US Treasuries are the world's safe asset that there is no state of the world in which the United States can or will default. 2:03:25 Jesse Schreger: I think the real way in which people start being able to issue and borrow in Renminbi is when people start thinking in terms of the goods that they need to buy and consume are in Renminbi. Fundamentally, most countries around the world, if they issue a bond in Renminbi, the calculation they have to do is then "okay, I'm going to take my renminbi and convert it into US dollars to buy the thing in which I need." And so while actions in the US financial system are certainly going to affect other countries decisions to borrow in Renminbi, the kind of underlying challenges in Chinese financial markets and fundamentally the lack of goods priced and sold in Renminbi are going to continue to hold back kind of a growth of this market for a while. And in particular, the fact that many countries are reluctant to try to raise money inside of China's liquid onshore capital markets for, effectively, fear of capital controls. If you've raised renminbi in China, you can't get that out and to your projects the way you can if you raise money in the US in dollars. 2:14:55 Daniel Runde: The business model of the World Bank is they lend money to richer countries with a pretty good credit rating and then they cross subsidize that by lending to poor countries with a poor credit rating. My view is, China can finance its own development, we should stop this practice. I think the Asian Development Bank has sort of gotten the memo, but the World Bank has not fully gotten the memo and they'll give you kind of World Bank-y answers to this sort of thing. We got to stop it. Rep. Zach Nunn (R-IA): Mr. Runde, I could not agree with you more. And you highlighted earlier, you know, by 2025, China should graduate from this program. I'd offer that 25 is two years too late. We can start funneling them off that now. Daniel Runde: I agree, sir. Rep. Zach Nunn (R-IA): I think you're in the right spot. Thank you. Music Tired of Being Lied To by David Ippolito (found on Music Alley by mevio) Editing Pro Podcast Solutions Production Assistance Clare Kuntz Balcer Cover photo Eric Prouzet on Unsplash

The Wall Street Journal has released a three part series detailing what a day in the life of Jeffrey Epstein was like, according to his calendar and to say that the names on the schedule are jaw dropping is an understatement. In this episode we dive back into the Wall Street Journal's piece on Epstein and continue the discussion about the so called elite that were breaking bread with him, even after he was a convicted sex offender.(commercial at 16:16)to contact me:bobbycapucci@protonmail.comsource:Jeffrey Epstein Documents, Part 2: Dinners with Lawrence Summers and Movie Screenings With Woody Allen (msn.com)

The Rich Zeoli Show- Hour 1: According to a report from Ryan Saavedra, “Republican lawmakers demanded on Wednesday that the FBI produce an unclassified record that allegedly contains evidence showing that then-Vice President Joe Biden was involved in a criminal bribery scheme with a foreign national.” You can read the report here: https://www.dailywire.com/news/whistleblower-alleges-fbi-has-evidence-of-biden-engaging-in-bribery-scheme-with-foreign-national On Wednesday, Khadeeja Safdar and David Benoit released part two of their Wall Street Journal investigative report on Jeffrey Epstein's private schedules and thousands of emails, revealing former Harvard University president Lawrence Summers sought advice from Epstein on funding teaching and television projects involving his wife, Elisa New. Safdat and Benoit write: “Epstein replied that they could meet in Cambridge, Mass. Mr. Summers invited him to dinner, according to a trove of documents reviewed by The Wall Street Journal. Two days later they made plans to meet at The Fireplace, a cozy restaurant in nearby Brookline, one of several meetings the two men scheduled that year. In 2016, a nonprofit linked to Epstein donated $110,000 to Ms. New's nonprofit, which develops video content about poetry, according to tax records.” The report also revealed Epstein had relationships with Woody Allen and LinkedIn co-founder Reid Hoffman. You can read the full report here: https://www.wsj.com/articles/jeffrey-epstein-documents-woody-allen-larry-summers-edb3e9b2?mod=hp_lead_pos7 Senator Chuck Grassley and Congressman James Comer released a joint statement regarding a whistleblower claiming then-Vice President Joe Biden was involved in a “criminal scheme” with a foreign national. Grassley explained: “We believe the FBI possesses an unclassified internal document that includes very serious and detailed allegations implicating the current President of the United States. What we don't know is what, if anything, the FBI has done to verify these claims or investigate further. The FBI's recent history of botching politically charged investigations demands close congressional oversight.” You can read the full statement: https://www.grassley.senate.gov/news/news-releases/grassley-comer-demand-fbi-record-alleging-criminal-scheme-involving-then-vp-biden

The Rich Zeoli Show- Hour 4: On Tuesday, Sixers center Joel Embiid won the NBA's Most Valuable Player award for the 2022-23 season. But where did he learn to play? Watching YouTube videos! During Tuesday's press briefing, White House Press Secretary Karine Jean Pierre refused to answer questions about whether President Joe Biden will ever acknowledge a granddaughter he has in Arkansas. On Wednesday, Khadeeja Safdar and David Benoit released part two of their Wall Street Journal investigative report on Jeffrey Epstein's private schedules and thousands of emails, revealing former Harvard University president Lawrence Summers sought advice from Epstein on funding teaching and television projects involving his wife, Elisa New. Safdat and Benoit write: “Epstein replied that they could meet in Cambridge, Mass. Mr. Summers invited him to dinner, according to a trove of documents reviewed by The Wall Street Journal. Two days later they made plans to meet at The Fireplace, a cozy restaurant in nearby Brookline, one of several meetings the two men scheduled that year. In 2016, a nonprofit linked to Epstein donated $110,000 to Ms. New's nonprofit, which develops video content about poetry, according to tax records.” The report also revealed Epstein had relationships with Woody Allen and LinkedIn co-founder Reid Hoffman. You can read the full report here: https://www.wsj.com/articles/jeffrey-epstein-documents-woody-allen-larry-summers-edb3e9b2?mod=hp_lead_pos7 American Federation of Teachers President Randi Weingarten attempts to rewrite history—and claims she was not in support of shutting schools down nationally during the COVID-19 pandemic.

The Rich Zeoli Show- Full Episode (05/03/2023): 3:05pm- According to a report from Ryan Saavedra, “Republican lawmakers demanded on Wednesday that the FBI produce an unclassified record that allegedly contains evidence showing that then-Vice President Joe Biden was involved in a criminal bribery scheme with a foreign national.” You can read the report here: https://www.dailywire.com/news/whistleblower-alleges-fbi-has-evidence-of-biden-engaging-in-bribery-scheme-with-foreign-national 3:15pm- On Wednesday, Khadeeja Safdar and David Benoit released part two of their Wall Street Journal investigative report on Jeffrey Epstein's private schedules and thousands of emails, revealing former Harvard University president Lawrence Summers sought advice from Epstein on funding teaching and television projects involving his wife, Elisa New. Safdat and Benoit write: “Epstein replied that they could meet in Cambridge, Mass. Mr. Summers invited him to dinner, according to a trove of documents reviewed by The Wall Street Journal. Two days later they made plans to meet at The Fireplace, a cozy restaurant in nearby Brookline, one of several meetings the two men scheduled that year. In 2016, a nonprofit linked to Epstein donated $110,000 to Ms. New's nonprofit, which develops video content about poetry, according to tax records.” The report also revealed Epstein had relationships with Woody Allen and LinkedIn co-founder Reid Hoffman. You can read the full report here: https://www.wsj.com/articles/jeffrey-epstein-documents-woody-allen-larry-summers-edb3e9b2?mod=hp_lead_pos7 3:40pm- Senator Chuck Grassley and Congressman James Comer released a joint statement regarding a whistleblower claiming then-Vice President Joe Biden was involved in a “criminal scheme” with a foreign national. Grassley explained: “We believe the FBI possesses an unclassified internal document that includes very serious and detailed allegations implicating the current President of the United States. What we don't know is what, if anything, the FBI has done to verify these claims or investigate further. The FBI's recent history of botching politically charged investigations demands close congressional oversight.” You can read the full statement: https://www.grassley.senate.gov/news/news-releases/grassley-comer-demand-fbi-record-alleging-criminal-scheme-involving-then-vp-biden 4:05pm- The far-left nonprofit organization Media Matters obtained leaked, behind the scenes footage of Tucker Carlson. They referred to the footage as “creepy” and troublesome—though, after reviewing the audio, it doesn't seem offensive. Additionally, on Tuesday evening, The New York Times published a text message they claim contributed to Carlson's firing. Though portions of the text were odd, his underlying message condemned violence against those with contrasting political ideologies. 4:30pm- According to a report from Bradford Betz of Fox News, Hunter Biden met with officials from the Justice Department last week, and that a decision on prosecution should be made shortly. You can read the full report here: https://www.foxnews.com/politics/federal-prosecutors-near-decision-hunter-biden-probe 4:40pm- Representatives Matt Gaetz and Alexandria Ocasio Cortez are teaming up??? It's true! The two have joined forces to craft legislation that would ban members of Congress from trading individual stocks. 5:05pm- The Drive at 5: Dr. Wilfred Reilly—Professor of Political Science at Kentucky State University & Author of “Taboo: 10 Facts You Can't Talk About”—joins The Rich Zeoli Show to discuss his most recent editorial at National Review, “Are a Quarter of Young Americans Actually LGBTQ (etc.)? Don't Bet on It.” You can read the full article here:   https://www.nationalreview.com/2023/05/are-a-quarter-of-young-americans-actually-lgbtq-etc-dont-bet-on-it/ 5:25pm- According to Virginia Kruta of The Daily Wire, the United States Internal Revenue Service (IRS) has spent at least $10 million on weapons, ammunition, and other tactical gear since 2020. You can read the article here: https://www.dailywire.com/news/in-the-last-3-years-alone-irs-has-dropped-10-million-on-weapons-ammo-and-tactical-gear 5:35pm- Nashville-based First Amendment Attorney Doug Pierce—who filed a lawsuit on behalf of the National Police Association to obtain the Nashville shooter's manifesto—joins The Rich Zeoli Show to discuss his ongoing efforts to provide the public with clarity on the motive for the March 27th massacre at Covenant School that left six people, including three children, dead. When will the manifesto be released to the public? 5:55pm- During Tuesday's press briefing, Fox News journalist Peter Doocy questioned White House Press Secretary Karine Jean-Pierre about her use of an inaccurate statistic on border crossings—she did not handle it well. 6:05pm- On Tuesday, Sixers center Joel Embiid won the NBA's Most Valuable Player award for the 2022-23 season. But where did he learn to play? Watching YouTube videos! 6:15pm- During Tuesday's press briefing, White House Press Secretary Karine Jean Pierre refused to answer questions about whether President Joe Biden will ever acknowledge a granddaughter he has in Arkansas. 6:30pm- On Wednesday, Khadeeja Safdar and David Benoit released part two of their Wall Street Journal investigative report on Jeffrey Epstein's private schedules and thousands of emails, revealing former Harvard University president Lawrence Summers sought advice from Epstein on funding teaching and television projects involving his wife, Elisa New. Safdat and Benoit write: “Epstein replied that they could meet in Cambridge, Mass. Mr. Summers invited him to dinner, according to a trove of documents reviewed by The Wall Street Journal. Two days later they made plans to meet at The Fireplace, a cozy restaurant in nearby Brookline, one of several meetings the two men scheduled that year. In 2016, a nonprofit linked to Epstein donated $110,000 to Ms. New's nonprofit, which develops video content about poetry, according to tax records.” The report also revealed Epstein had relationships with Woody Allen and LinkedIn co-founder Reid Hoffman. You can read the full report here: https://www.wsj.com/articles/jeffrey-epstein-documents-woody-allen-larry-summers-edb3e9b2?mod=hp_lead_pos7 6:45pm- American Federation of Teachers President Randi Weingarten attempts to rewrite history—and claims she was not in support of shutting schools down nationally during the COVID-19 pandemic.

We turn to economist and former Treasury Secretary, Lawrence Summers, to help us make sense of inflation, Silicon Valley Bank and what Biden should do next. Also on the agenda: why Summers believes in a politics and economics of opportunity — “not of envy.” Plus, why he thinks America needs more people like Jeff Bezos and Bill Gates. Questions? Comments? Email us at on@voxmedia.com or find us on Twitter @karaswisher and @nayeema Learn more about your ad choices. Visit podcastchoices.com/adchoices

8:05am- Prominent Democrat economists like Lawrence Summers and Jason Furman are warning the Biden Administration not to cancel student loan debt. Furman stated: “there is nothing wrong with redistribution—if it was from the middle to the bottom. Much of this is redistribution from the middle to the upper-middle.” 8:20am- NEWS- Forbes has released its list of the most valuable NFL franchises—the Philadelphia Eagles ranked as the 10th most valuable football team. 8:35am- Is the Biden Administration's push to suddenly cancel $10,000 of student loan debt per borrower an attempt to appeal to young voters prior to the November 2022 midterm elections? 8:50am- While appearing on Fox News, former IRS lawyer and whistleblower William Henck explained that despite claims from the Biden Administration, the IRS will target middle class households as a result of the agency's expansion.

The Rich Zeoli Show (08/24/22): 6:00am- According to reports, President Joe Biden is expected to cancel $10,000 in student loan debt per borrower. On August 31st the student loan moratorium is set to expire—it had been in place due to the pandemic. 6:05am- NEWS- On Tuesday, seven people were shot between 3:35pm and 4:50pm in Philadelphia, according to NBC10. 6:15am- A University of Pennsylvania study suggests that if President Biden were to cancel $50,000 of debt per student borrower (as is being advocated by Senators like Elizabeth Warren and Bernie Sanders), it would cost taxpayers roughly $900 billion. 6:25am- Last summer, Speaker of the House Nancy Pelosi stated that the president of the United States does not possess the power to unilaterally forgive student loan debt—insisting it must be an act of Congress. 6:45am- District Attorney Larry Krasner will not comply with a subpoena issued by the Pennsylvania House of Representatives and the state legislative committee in charge of investigating the merits of his potential impeachment. 7:05am- NEWS- A box of guns was accidentally delivered to Chester High School in Delaware County. 7:10am- On Tuesday, Senate candidate John Fetterman spoke to the United Steelworkers in Western Pennsylvania. It was one of Fetterman's first speeches since suffering a stroke in May—unfortunately, he noticeably struggled communicating during the five-minute address. Will his health problems impact his ability to serve? 7:25am- Researchers at Michigan State University claim they have developed a method of turning discarded windmills into edible gummy bear candy. 7:35am- Conservative candidates endorsed by the 1776 PAC and Governor Ron DeSantis won big in Florida's school board elections on Tuesday. 7:50am- What's on the Cut Sheet: Pelosi's husband pleads guilty to D.U.I., Flashback: Elizabeth Warren laughs at dad who helped his daughter pay back her college loans, a Johns Hopkins economics professor explains why forgiving student loans will make inflation worse, and Mitch McConnell has hilarious none-response to Trump's latest insult. 8:05am- Prominent Democrat economists like Lawrence Summers and Jason Furman are warning the Biden Administration not to cancel student loan debt. Furman stated: “there is nothing wrong with redistribution—if it was from the middle to the bottom. Much of this is redistribution from the middle to the upper-middle.” 8:20am- NEWS- Forbes has released its list of the most valuable NFL franchises—the Philadelphia Eagles ranked as the 10th most valuable football team. 8:35am- Is the Biden Administration's push to suddenly cancel $10,000 of student loan debt per borrower an attempt to appeal to young voters prior to the November 2022 midterm elections? 8:50am- While appearing on Fox News, former IRS lawyer and whistleblower William Henck explained that despite claims from the Biden Administration, the IRS will target middle class households as a result of the agency's expansion. 9:05am- NEWS- Violent crime continues to plague Philadelphia—with the city reaching 352 homicides in 2022. It is now on pace to surpass its 2021 total. 9:10am- Attorney Scott A. Coffina—former Associate Counsel to President George W. Bush—joins the show to discuss his most recent Fox News opinion editorial, “What Prosecutors Must Do to Protect Their Communities.” 9:30am- According to reports, as many as 4,000 Swedish citizens have undergone a procedure to have microchips implanted under their skin. The chips will allow them to access credit cards and start automobiles without having to carry around a wallet or keys. 9:45am- What's on the Cut Sheet- Dr. Anthony Fauci claims he was against government lockdowns and open to the idea that COVID-19 spread via an inadvertent lab leak + Did software engineer John McAfee fake his own death last summer?  

The Rich Zeoli Show- Hour 4: 9:00am- NEWS: According to studies, people who have been diagnosed with COVID-19 have a 40% greater risk of being diagnosed with diabetes. 9:10am- According to a National Review report, Elon Musk's refusal to join Twitter's board of directors could be a sign that the billionaire is planning a hostile takeover. 9:25am- China's draconian lockdown of Shanghai has resulted in the city's citizens running out of food and medicine.  9:40am- What's on the Cut Sheet: an uncomfortable interaction between Will Smith and Jada Pinket Smith has resurfaced on social media, Bill Maher says the war on comedy needs to come to an end, Selena Gomez hasn't been on the internet in 4.5 years, Lawrence Summers thinks a recession is coming, and NYT columnist Ezra Klein can't figure out why government stimulus packages have caused so much inflation.

The Rich Zeoli Show- Full Show:  6:00am- Over the weekend, former President Donald Trump endorsed Dr. Mehmet Oz for U.S. Senate. 6:25am- NEWS: Philadelphia police are in the midst of investigating a series of carjacking that resulted in a 27-year-old being shot in the stomach. 6:35am- According to reports, Elon Musk will not be joining Twitter's board of directors. Twitter had scheduled a meeting between concerned employees and Elon Musk—that meeting is presumably canceled. 6:50am- Philadelphia City Councilmembers Allan Domb, Maria Quiñones-Sánchez, and Mark Squilla are pleading with Mayor Jim Kenney to declare a state of emergency in Kensington. 7:00am- NEWS: There are more than 1,200 vacant law enforcement positions throughout Pennsylvania. 7:05am- According to four economists from the Federal Reserve of San Francisco, the American government's enormous COVID-19 stimulus packages—which amounted to trillions of dollars in spending—undoubtedly played a pivotal role in inflation. 7:10am- Is lobster ravioli the worst ravioli? There is never any lobster! 7:30am- New Jersey State Senator Michael Testa joins the show to discuss new lesson plans set to begin at public schools throughout New Jersey this September. According to reports, the new curriculum will include gender identity and sex education lesson plans for 2nd graders. 7:40am- What's on the Cut Sheet? Philadelphia Phillie Byrce Harper accepts the MLB National League MVP Award, Jussie Smollett is back with a new rap song, former Disney star Vanessa Hudgins says she believes in ghosts, and a Yale professor calls out Brian Stelter and CNN for agenda-driven reporting. 8:00am- Trump's endorsement of Dr. Oz helps Oz—but will it ultimately help Donald Trump? 8:10am- On Monday, President Joe Biden is expected to announce new gun regulations—specifically targeting “ghost guns.” 8:20am- NEWS: Carjackings continue to plague Philadelphia with three attempted carjackings in the past 36 hours. 8:35am- Dave McCormick—candidate for U.S. Senate—joins the show to discuss his campaign, the importance of harnessing Pennsylvania natural gas reserves to help alleviate dependence on foreign energy, and the dangers of the Biden Administration's open-border policies. 8:50am- Zeoli's washer/drier is busted. Now, he is heading to the laundry mat—will strangers look at his underwear? 9:00am- NEWS: According to studies, people who have been diagnosed with COVID-19 have a 40% greater risk of being diagnosed with diabetes. 9:10am- According to a National Review report, Elon Musk's refusal to join Twitter's board of directors could be a sign that the billionaire is planning a hostile takeover. 9:25am- China's draconian lockdown of Shanghai has resulted in the city's citizens running out of food and medicine.  9:40am- What's on the Cut Sheet: an uncomfortable interaction between Will Smith and Jada Pinket Smith has resurfaced on social media, Bill Maher says the war on comedy needs to come to an end, Selena Gomez hasn't been on the internet in 4.5 years, Lawrence Summers thinks a recession is coming, and NYT columnist Ezra Klein can't figure out why government stimulus packages have caused so much inflation.

Tonight on the Last Word: Russian propaganda ignores the horrors of Vladimir Putin's war. Also, Ukrainians say Russian relatives are in disbelief about the war. And oil markets are disrupted by Russia's invasion of Ukraine. Cal Perry, Lt. Col. Alexander Vindman, Misha Katsurin, Timothy Snyder and Lawrence Summers join Lawrence O'Donnell.