Podcast appearances and mentions of lena khan

So even the people that follow the topic closely are stunned by the digital landscape that engulfs our children, how quickly it evolves, and the potential social cost. Two people in a unique position to explain all this are our guest today, Jeffrey Chester and Kathryn Montgomery, both from the Center for Digital Democracy. Jeff is executive director of the Center, and Kathryn is its research director and senior strategist, as well as professor emerita of communication at American University. Jeff and Kathryn have been pioneers in this work and have been uniquely strong voices for protecting children. Interview Summary Let me congratulate the two of you for being way ahead of your time. I mean the two of you through your research and your advocacy and your organizational work, you were onto these things way before most people were. I'm really happy that you're joining us today, and welcome to our podcast. Kathryn, let me begin with you. So why be concerned about this digital landscape? Kathryn - Well, certainly if we're talking about children and youth, we have to pay attention to the world they live in. And it's a digital world as I think any parent knows, and everybody knows. In fact, for all of us, we're living in a digital world. So young people are living their lives online. They're using mobile phones and mobile devices all the time. They're doing online video streaming. They form their communications with their peers online. Their entire lives are completely integrated into this digital media landscape, and we must understand it. Certainly, the food and beverage industry understand it very well. And they have figured out enormously powerful ways to reach and engage young people through these digital media. You know, the extent of the kids' connection to this is really remarkable. I just finished a few minutes ago recording a podcast with two people involved with the Children and Screens organization. And, Chris Perry, who's the executive director of that organization and Dmitri Christakis who was with us as well, were saying that kids sometimes check their digital media 300 times a day. I mean, just unbelievable how much of this there is. There's a lot of reasons to be concerned. Let's turn our attention to how bad it is, what companies are doing, and what might be done about it. So, Jeff, tell us if you would, about the work of the Center for Digital Democracy. Jeff - Well, for more than a quarter of a century, we have tracked the digital marketplace. As you said at the top, we understood in the early 1990s that the internet, broadband what's become today's digital environment, was going to be the dominant communications system. And it required public interest rules and policies and safeguards. So as a result, one of the things that our Center does is we look at the entire digital landscape as best as we can, especially what the ultra-processed food companies are doing, but including Google and Meta and Amazon and GenAI companies. We are tracking what they're doing, how they're creating the advertising, what their data strategies are, what their political activities are in the United States and in many other places in the world. Because the only way we're going to hold them accountable is if we know what they're doing and what they intend to do. And just to quickly follow up, Kelly, the marketers call today's global generation of young people Generation Alpha. Meaning that they are the first generation to be born into this complete digital landscape environment that we have created. And they have developed a host of strategies to target children at the earliest ages to take advantage of the fact that they're growing up digitally. Boy, pretty amazing - Generation Alpha. Kathryn, I have kind of a niche question I'd like to ask you because it pertains to my own career as well. So, you spent many years as an academic studying and writing about these issues, but also you were a strong advocacy voice. How did you go about balancing the research and the objectivity of an academic with advocacy you were doing? Kathryn - I think it really is rooted in my fundamental set of values about what it means to be an academic. And I feel very strongly and believe very strongly that all of us have a moral and ethical responsibility to the public. That the work we do should really, as I always have told my students, try to make the world a better place. It may seem idealistic, but I think it is what our responsibility is. And I've certainly been influenced in my own education by public scholars over the years who have played that very, very important role. It couldn't be more important today than it has been over the years. And I think particularly if you're talking about public health, I don't think you can be neutral. You can have systematic ways of assessing the impact of food marketing, in this case on young people. But I don't think you can be totally objective and neutral about the need to improve the public health of our citizens. And particularly the public health of our young people. I agree totally with that. Jeff let's talk about the concept of targeted marketing. We hear that term a lot. And in the context of food, people talk about marketing aimed at children as one form of targeting. Or, toward children of color or people of color in general. But that's in a way technological child's play. I understand from you that there's much more precise targeting than a big demographic group like that. Tell us more. Jeff - Well, I mean certainly the ultra-processed food companies are on the cutting edge of using all the latest tools to target individuals in highly personalized way. And I think if I have one message to share with your listeners and viewers is that if we don't act soon, we're going to make an already vulnerable group even more exposed to this kind of direct targeted and personalized marketing. Because what artificial intelligence allows the food and beverage companies and their advertising agencies and platform partners to do is to really understand who we are, what we do, where we are, how we react, behave, think, and then target us accordingly using all those elements in a system that can create this kind of advertising and marketing in minutes, if not eventually milliseconds. So, all of marketing, in essence, will be targeted because they know so much about us. You have an endless chain of relationships between companies like Meta, companies like Kellogg's, the advertising agencies, the data brokers, the marketing clouds, et cetera. Young people especially, and communities of color and other vulnerable groups, have never been more exposed to this kind of invasive, pervasive advertising. Tell us how targeted it can be. I mean, let's take a 11-year-old girl who lives in Wichita and a 13-year-old boy who lives in Denver. How much do the companies know about those two people as individuals? And how does a targeting get market to them? Not because they belong to a big demographic group, but because of them as individuals. Jeff - Well, they certainly are identified in various ways. The marketers know that there are young people in the household. They know that there are young people, parts of families who have various media behaviors. They're watching these kinds of television shows, especially through streaming or listening to music or on social media. Those profiles are put together. And even when the companies say they don't exactly know who the child is or not collecting information from someone under 13 because of the privacy law that we helped get enacted, they know where they are and how to reach them. So, what you've had is an unlimited amassing of data power developed by the food and beverage companies in the United States over the last 25 years. Because really very little has been put in their way to stop them from what they do and plan to do. So presumably you could get some act of Congress put in to forbid the companies from targeting African American children or something like that. But it doesn't sound like that would matter because they're so much more precise in the market. Yes. I mean, in the first place you couldn't get congress to pass that. And I think this is the other thing to think about when you think about the food and beverage companies deploying Generative AI and the latest tools. They've already established vast, what they call insights divisions, market research divisions, to understand our behavior. But now they're able to put all that on a fast, fast, forward basis because of data processing, because of data clouds, let's say, provided by Amazon, and other kinds of tools. They're able to really generate how to sell to us individually, what new products will appeal to us individually and even create the packaging and the promotion to be personalized. So, what you're talking about is the need for a whole set of policy safeguards. But I certainly think that people concerned about public health need to think about regulating the role of Generative AI, especially when it comes to young people to ensure that they're not marketed to in the ways that it fact is and will continue to do. Kathryn, what about the argument that it's a parent's responsibility to protect their children and that government doesn't need to be involved in this space? Kathryn - Well, as a parent, I have to say is extremely challenging. We all do our best to try to protect our children from unhealthy influences, whether it's food or something that affects their mental health. That's a parent's obligation. That's what a parent spends a lot of time thinking about and trying to do. But this is an environment that is overwhelming. It is intrusive. It reaches into young people's lives in ways that make it virtually impossible for parents to intervene. These are powerful companies, and I'm including the tech companies. I'm including the retailers. I'm including the ad agencies as well as these global food and beverage companies. They're extremely powerful. As Jeff has been saying, they have engaged and continue to engage in enormous amounts of technological innovation and research to figure out precisely how to reach and engage our children. And it's too much for parents. And I've been saying this for years. I've been telling legislators this. I've been telling the companies this. It's not fair. It's a very unfair situation for parents. That makes perfect sense. Well, Jeff, your Center produces some very helpful and impressive reports. And an example of that is work you've done on the vast surveillance of television viewers. Tell us more about that, if you would. Jeff - Well, you know, you have to keep up with this, Kelly. The advocates in the United States and the academics with some exceptions have largely failed to address the contemporary business practices of the food and beverage companies. This is not a secret what's going on now. I mean the Generative AI stuff and the advanced data use, you know, is recent. But it is a continuum. And the fact is that we've been one of the few groups following it because we care about our society, our democracy, our media system, et cetera. But so much more could be done here to track what the companies are doing to identify the problematic practices, to think about counter strategies to try to bring change. So yes, we did this report on video streaming because in fact, it's the way television has now changed. It's now part of the commercial surveillance advertising and marketing complex food and beverage companies are using the interactivity and the data collection of streaming television. And we're sounding the alarm as we've been sounding now for too long. But hopefully your listeners will, in fact, start looking more closely at this digital environment because if we don't intervene in the next few years, it'll be impossible to go back and protect young people. So, when people watch television, they don't generally realize or appreciate the fact that information is being collected on them. Jeff - The television watches you now. The television is watching you now. The streaming companies are watching you now. The device that brings you streaming television is watching you now is collecting all kinds of data. The streaming device can deliver personalized ads to you. They'll be soon selling you products in real time. And they're sharing that data with companies like Meta Facebook, your local retailers like Albertsons, Kroger, et cetera. It's one big, huge digital data marketing machine that has been created. And the industry has been successful in blocking legislation except for the one law we were able to get through in 1998. And now under the Trump administration, they have free reign to do whatever they want. It's going to be an uphill battle. But I do think the companies are in a precarious position politically if we could get more people focused on what they're doing. Alright, we'll come back to that. My guess is that very few people realize the kind of thing that you just talked about. That so much information is being collected on them while they're watching television. The fact that you and your center are out there making people more aware, I think, is likely to be very helpful. Jeff - Well, I appreciate that, Kelly, but I have to say, and I don't want to denigrate our work, but you know, I just follow the trades. There's so much evidence if you care about the media and if you care about advertising and marketing or if you care, just let's say about Coca-Cola or Pepsi or Mondalez. Pick one you can't miss all this stuff. It's all there every day. And the problem is that there has not been the focus, I blame the funders in part. There's not been the focus on this marketplace in its contemporary dimensions. I'd like to ask you both about the legislative landscape and whether there are laws protecting people, especially children from this marketing. And Kathy, both you and Jeff were heavily involved in advocacy for a landmark piece of legislation that Jeff referred to from 1998, the Children's Online Privacy Protection Act. What did this act involve? And now that we're some years in, how has it worked? Kathryn - Well, I always say I've been studying advertising in the digital media before people even knew there was going to be advertising in digital media. Because we're really talking about the earliest days of the internet when it was being commercialized. But there was a public perception promoted by the government and the industry and a lot of other institutions and individuals that this was going to be a whole new democratic system of technology. And that basically it would solve all of our problems in terms of access to information. In terms of education. It would open up worlds to young people. In many ways it has, but they didn't talk really that much about advertising. Jeff and I working together at the Center for Media Education, were already tracking what was going on in that marketplace in the mid-1990s when it was very, very new. At which point children were already a prime target. They were digital kids. They were considered highly lucrative. Cyber Tots was one of the words that was used by the industry. What we believed was that we needed to get some public debate and some legislation in place, some kinds of rules, to guide the development of this new commercialized media system. And so, we launched a campaign that ultimately resulted in the passage of the Children's Online Privacy Protection Act. Now it only governs commercial media, online, digital media that targets children under the age of 13, which was the most vulnerable demographic group of young people. We believe protections are really, really very important for teenagers. There's a lot of evidence for that now, much more research actually, that's showing their vulnerable abilities. And it has required companies to take young people into account when developing their operations. It's had an impact internationally in a lot of other countries. It is just the barest minimum of what we need in terms of protections for young people. And we've worked with the Federal Trade Commission over the years to ensure that those rules were updated and strengthened so that they would apply to this evolving digital media system. But now, I believe, that what we need is a more global advocacy strategy. And we are already doing that with advocates in other countries to develop a strategy to address the practices of this global industry. And there are some areas where we see some promising movement. The UK, for example, passed a law that bans advertising on digital media online. It has not yet taken effect, but now it will after some delays. And there are also other things going on for ultra processed foods, for unhealthy foods and beverages. So, Kathryn has partly answered this already, Jeff, but let me ask you. That act that we've talked about goes back a number of years now, what's being done more recently on the legislative front? Perhaps more important than that, what needs to be done? Well, I have to say, Kelly, that when Joe Biden came in and we had a public interest chair at the Federal Trade Commission, Lena Khan, I urged advocates in the United States who are concerned about unhealthy eating to approach the Federal Trade Commission and begin a campaign to see what we could do. Because this was going to be the most progressive Federal Trade Commission we've had in decades. And groups failed to do so for a variety of reasons. So that window has ended where we might be able to get the Federal Trade Commission to do something. There are people in the United States Congress, most notably Ed Markey, who sponsored our Children's Privacy Law 25 years ago, to get legislation. But I think we have to look outside of the United States, as Kathryn said. Beyond the law in the United Kingdom. In the European Union there are rules governing digital platforms called the Digital Services Act. There's a new European Union-wide policy safeguards on Generative AI. Brazil has something similar. There are design codes like the UK design code for young people. What we need to do is to put together a package of strategies at the federal and perhaps even state level. And there's been some activity at the state level. You know, the industry has been opposed to that and gone to court to fight any rules protecting young people online. But create a kind of a cutting-edge set of practices that then could be implemented here in the United States as part of a campaign. But there are models. And how do the political parties break down on this, these issues? Kathryn - I was going to say they break down. Jeff - The industry is so powerful still. You have bipartisan support for regulating social media when it comes to young people because there have been so many incidences of suicide and stalking and other kinds of emotional and psychological harms to young people. You have a lot of Republicans who have joined with Democrats and Congress wanting to pass legislation. And there's some bipartisan support to expand the privacy rules and even to regulate online advertising for teens in our Congress. But it's been stymied in part because the industry has such an effective lobbying operation. And I have to say that in the United States, the community of advocates and their supporters who would want to see such legislation are marginalized. They're under underfunded. They're not organized. They don't have the research. It's a problem. Now all these things can be addressed, and we should try to address them. But right now it's unlikely anything will pass in the next few months certainly. Kathryn - Can I just add something? Because I think what's important now in this really difficult period is to begin building a broader set of stakeholders in a coalition. And as I said, I think it does need to be global. But I want to talk about also on the research front, there's been a lot of really important research on digital food marketing. On marketing among healthy foods and beverages to young people, in a number of different countries. In the UK, in Australia, and other places around the world. And these scholars have been working together and a lot of them are working with scholars here in the US where we've seen an increase in that kind of research. And then advocates need to work together as well to build a movement. It could be a resurgence that begins outside of our country but comes back in at the appropriate time when we're able to garner the kind of support from our policymakers that we need to make something happen. That makes good sense, especially a global approach when it's hard to get things done here. Jeff, you alluded to the fact that you've done work specifically on ultra processed foods. Tell us what you're up to on that front. Jeff - As part of our industry analysis we have been tracking what all the leading food and beverage companies are doing in terms of what they would call their digital transformation. I mean, Coca-Cola and Pepsi on Mondelez and Hershey and all the leading transnational processed food companies are really now at the end of an intense period of restructuring to take advantage of the capabilities provided by digital data and analytics for the further data collection, machine learning, and Generative AI. And they are much more powerful, much more effective, much more adept. In addition, the industry structure has changed in the last few years also because of digital data that new collaborations have been created between the platforms, let's say like Facebook and YouTube, the food advertisers, their marketing agencies, which are now also data companies, but most notably the retailers and the grocery stores and the supermarkets. They're all working together to share data to collaborate on marketing and advertising strategies. So as part of our work we've kept abreast of all these things and we're tracking them. And now we are sharing them with a group of advocates outside of the United States supported by the Bloomberg Philanthropies to support their efforts. And they've already made tremendous progress in a lot of areas around healthy eating in countries like Mexico and Argentina and Brazil, et cetera. And I'm assuming all these technological advances and the marketing muscle, the companies have is not being used to market broccoli and carrots and Brussels sprouts. Is that right? Jeff - The large companies are aware of changing attitudes and the need for healthy foods. One quick takeaway I have is this. That because the large ultra processed food companies understand that there are political pressures promoting healthier eating in North America and in Europe. They are focused on expanding their unhealthy eating portfolio, in new regions specifically Asia Pacific, Africa, and Latin America. And China is a big market for all this. This is why it has to be a global approach here, Kelly. First place, these are transnational corporations. They are creating the, our marketing strategies at the global level and then transmitting them down to be tailored at the national or regional level. They're coming up with a single set of strategies that will affect every country and every child in those countries. We need to keep track of that and figure out ways to go after that. And there are global tools we might be able to use to try to protect young people. Because if you could protect young, a young person in China, you might also be able to protect them here in North Carolina. This all sounds potentially pretty scary, but is there reason to be optimistic? Let's see if we can end on a positive note. What do you think. Do you have reason to be optimistic? Kathryn - I've always been an optimist. I've always tried to be an optimist, and again, what I would say is if we look at this globally and if we identify partners and allies all around the world who are doing good work, and there are many, many, many of them. And if we work together and continue to develop strategies for holding this powerful industry and these powerful industries accountable. I think we will have success. And I think we should also shine the spotlight on areas where important work has already taken place. Where laws have been enacted. Where companies have been made to change their practices and highlight those and build on those successes from around the world. Thanks. Jeff, what about you? Is there reason to be optimistic? Well, I don't think we can stop trying, although we're at a particularly difficult moment here in our country and worldwide. Because unless we try to intervene the largest corporations, who are working and will work closely with our government and other government, will be able to impact our lives in so many ways through their ability to collect data. And to use that data to target us and to change our behaviors. You can change our health behaviors. You can try to change our political behaviors. What the ultra-processed food companies are now able to do every company is able to do and governments are able to do. We have to expose what they're doing, and we have to challenge what they're doing so we can try to leave our kids a better world. It makes sense. Do you see that the general public is more aware of these issues and is there reason to be optimistic on that front? That awareness might lead to pressure on politicians to change things? Jeff - You know, under the Biden administration, the Federal Trade Commission identified how digital advertising and marketing works and it made it popular among many, many more people than previously. And that's called commercial surveillance advertising. The idea that data is collected about you is used to advertise and market to you. And today there are thousands of people and certainly many more advocacy groups concerned about commercial surveillance advertising than there were prior to 2020. And all over the world, as Kathryn said, in countries like in Brazil and South Africa and Mexico, advocates are calling attention to all these techniques and practices. More and more people are being aware and then, you know, we need obviously leaders like you, Kelly, who can reach out to other scholars and get us together working together in some kind of larger collaborative to ensure that these techniques and capabilities are exposed to the public and we hold them accountable. Bios Kathryn Montgomery, PhD. is Research Director and Senior Strategist for the Center for Digital Democracy (CDD). In the early 90s, she and Jeff Chester co-founded the Center for Media Education (CME), where she served as President until 2003, and which was the predecessor organization to CDD. CME spearheaded the national campaign that led to passage of the 1998 Children's Online Privacy Protection Act (COPPA) the first federal legislation to protect children's privacy on the Internet. From 2003 until 2018, Dr. Montgomery was Professor of Communication at American University in Washington, D.C., where she founded and directed the 3-year interdisciplinary PhD program in Communication. She has served as a consultant to CDD for a number of years and joined the full-time staff in July 2018. Throughout her career, Dr. Montgomery has written and published extensively about the role of media in society, addressing a variety of topics, including: the politics of entertainment television; youth engagement with digital media; and contemporary advertising and marketing practices. Montgomery's research, writing, and testimony have helped frame the national public policy debate on a range of critical media issues. In addition to numerous journal articles, chapters, and reports, she is author of two books: Target: Prime Time – Advocacy Groups and the Struggle over Entertainment Television (Oxford University Press, 1989); and Generation Digital: Politics, Commerce, and Childhood in the Age of the Internet (MIT Press, 2007). Montgomery's current research focuses on the major technology, economic, and policy trends shaping the future of digital media in the Big Data era. She earned her doctorate in Film and Television from the University of California, Los Angeles. Jeff Chester is Executive Director of the Center for Digital Democracy (CDD), a Washington, DC non-profit organization. CDD is one of the leading U.S. NGOs advocating for citizens, consumers and other stakeholders on digital privacy and consumer protections online. Founded in 1991, CDD (then known as the Center for Media Education) led the campaign for the enactment of the Children's Online Privacy Protection Act (COPPA, 1998). During the 1990s it also played a prominent role in such issues as open access/network neutrality, diversity of media ownership, public interest policies for children and television, as well the development of the FCC's “E-Rate” funding to ensure that schools and libraries had the resources to offer Internet services. Since 2003, CDD has been spearheading initiatives designed to ensure that digital media in the broadband era fulfill their democratic potential. A former investigative reporter, filmmaker and Jungian-oriented psychotherapist, Jeff Chester received his M.S.W. in Community Mental Health from U.C. Berkeley. He is the author of Digital Destiny: New Media and the Future of Democracy (The New Press, 2007), as well as articles in both the scholarly and popular press. During the 1980s, Jeff co-directed the campaign that led to the Congressional creation of the Independent Television Service (ITVS) for public TV. He also co-founded the National Campaign for Freedom of Expression, the artist advocacy group that supported federal funding for artists. In 1996, Newsweek magazine named Jeff Chester one of the Internet's fifty most influential people. He was named a Stern Foundation “Public Interest Pioneer” in 2001, and a “Domestic Privacy Champion” by the Electronic Privacy Information Center in 2011. CDD is a member of the Transatlantic Consumer Dialogue (TACD). Until January 2019, Jeff was the U.S. co-chair of TACD's Information Society (Infosoc) group, helping direct the organization's Transatlantic work on data protection, privacy and digital rights.

Today's show: Jason, Lon, and Alex break down a loaded week in tech: Apple's 27% App Store “link-out” fee gets shut down by a judge—unlocking margin for startups and slashing CAC; AI bots on Reddit's r/ChangeMyView are now 6x more effective than humans at changing minds, signaling a seismic shift in online discourse; and Beehiiv CEO Tyler Denk joins to discuss building in public, rapid product iteration, and the irony of being critiqued like a market leader for innovating too fast. The big takeaway? AI is evolving fast, gatekeepers are falling, and founders who build through chaos are best positioned to win.Timestamps:(0:00) Episode Teaser(1:20) Introduction and venture capital power law(4:14) Economic data and labor market trends(8:19) Mimicking trades and Dub's Series A funding(10:05) Kyte - TWIST Listeners: Go to https://kyte.com/ and download the Kyte app today. Use code JASON to save 10% on your first rental.(14:48) Apple App Store ruling and startup implications(19:44) Atlassian - Head to https://www.atlassian.com/startups/twist to see if you qualify for 50 free seats for 12 months.(21:44) App store fees and antitrust concerns(27:34) Fivetran's acquisition and Lena Khan's impact on VC(29:58) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups(32:02) Venture capital scenarios and M&A future(37:23) Jason's Starbucks tweet and union perspectives(45:02) Reddit's AI experiment and online discourse(48:16) Interview with Tyler Denk from Beehiiv(49:52) Beehiiv overview and customer base(51:02) Beehiiv's revenue strategy and Boost feature(57:06) Balancing revenue streams and feature quality(1:04:30) MRR growth and founder transparency(1:08:05) Brand marketing impact and staying focused(1:11:44) Hiring challenges and platform comparisons(1:14:01) Twist 500 initiative updateSubscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.comCheck out the TWIST500: https://www.twist500.comSubscribe to This Week in Startups on Apple: https://rb.gy/v19fcpLinks from episode:Beehiiv: https://www.beehiiv.com/Follow Tyler:X: https://x.com/denk_tweetsFollow Lon:X: https://x.com/lonsFollow Alex:X: https://x.com/alexLinkedIn: ⁠https://www.linkedin.com/in/alexwilhelmFollow Jason:X: https://twitter.com/JasonLinkedIn: https://www.linkedin.com/in/jasoncalacanisThank you to our partners:(10:05) Kyte - TWIST Listeners: Go to https://kyte.com/ and download the Kyte app today. Use code JASON to save 10% on your first rental.(19:44) Atlassian - Head to https://www.atlassian.com/startups/twist to see if you qualify for 50 free seats for 12 months.(29:58) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartupsGreat TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarlandCheck out Jason's suite of newsletters: https://substack.com/@calacanisFollow TWiST:Twitter: https://twitter.com/TWiStartupsYouTube: https://www.youtube.com/thisweekinInstagram: https://www.instagram.com/thisweekinstartupsTikTok: https://www.tiktok.com/@thisweekinstartupsSubstack: https://twistartups.substack.comSubscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916

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It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text GRE to 66866, while it's on your mind, take a moment to do it right now. Text GRE to 66 866.   Speaker 1  3:12   you're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  3:28   We are the GRE from Albany, New York to New Albany, Ohio, and across 188 nations worldwide. I'm your host, Keith Weinhold, and this is get rich education. You have probably heard it been said by now that money must have three attributes. It is a store of value, a medium of exchange and a unit of account. The US Dollar does not meet the first one store of value. That's due to inflation. How is the dollar a store of value, it is not so then the dollar is a mere currency, not money. You can make the case that gold is a store of value, maybe that Bitcoin is, although it's got a short track record and it's a volatile ride the S, p5, 100, you could say that's nothing more than a store of value long term. When you understand all the drags on it, you're only treading water long term with the s, p, I've discussed that on shows earlier this year. That leaves real estate as not just a good long term, stable store a value, but when it's done right, it is the vehicle where inflation actually increases your purchasing power. And here's a new way to think about it, money is your time and energy captured in an abstracted form for the government to take out debt. They are borrowing your time and energy. Government debt is the closest thing we've ever seen to time travel.They're borrowing the collective time and energy from your future. How do you achieve time travel? You borrow human time and energy from the future currency debasement steals the time and energy of you and everyone alive today. That's why you've got to protect yourself. And what this does is that it actually increases your time preference. Yeah, the term time preference, that's something that Bitcoin authors like Dr saifedean Amos often use time preference and actually think that it's sort of a confusing term. Time preference, though, it sounds like a good thing, it's actually a bad thing. It means that you would rather consume now and over consume now instead of later. Having a high time preference means that you want to all out, ball out right now, and not consider your future. Well, that's what inflation does whenever you see the term time preference out there. I think the best way for you to remember what that means is think of it instead as a now preference. I think now preference is more intuitive than time preference. Teach me how to Dougie, yes, we've got public figure and mega popular author Doug Casey back with us today to discuss how rising prices lead to social decay and makes humans have a higher time preference resultantly, I guess that is teaching us how to Dougie. Yes, indeed, that is a reference to that, like 15 year old song, teach me how to Dougie, and we would drop some bars of that song right now. Oh, you know that me and the team here, we really want to, but we would probably have some royalty issues with that one here, and I'll tell you that is such a stupid song. Teach me how to Dougie, but at the same time, once you've heard it, the next thing that you want to do is hear it again somehow. But it's pretty likely that Doug Casey and I have some more important things to talk about. So fortunately for you, rather than discuss a 2010, rap song any further, we're going to discuss how rising prices lead to social decay.   Monetary inflation is even worse than you think. This era's rising prices and falling values actually lead to social decay. Villains and unethical actors are getting rewarded and they're stealing from you. We're going to discuss just how the international man himself, a legendary and generationally popular author, is back with us for a sobering look at inflation and social decay today. Hey, welcome back in. Doug Casey.    Doug Casey  8:04   Nice to talk to you, Keith. I'm speaking to you at the moment from my farm in Uruguay, which is one of the, I would say, two, most stable countries in Latin America, and one of the two or three most stable countries in the Western Hemisphere, there's a lot of real estate in the world, other than in the US. And I know that you mostly talk about real estate. I've actually done a lot of real estate too, all around the world, in the Orient and in Europe and South America, and, of course, a lot in the US and Canada. So I'm generally friendly to real estate, and it's been very, very good to me.   Keith Weinhold  8:44   Well, you're truly living up to the International Man moniker again today, joining us from that small South American nation of Uruguay and Doug. Before we talk about the inflation and the social decay, what are property taxes like there in that part of Uruguay. And I know you often spend time in Buenos Aires Argentina as well. If you can talk to us in terms of the percent of the value of the property that you pay in property tax each year, which tends to be one to one and a quarter percent on an average in the United States.   Doug Casey  9:13   that's right. And I think in some states like Illinois, it can go up to about 2% if I'm not mistaken, which means that you really don't own your property. If you don't pay your real estate taxes for for a year or two, you'll find out who really owns it, right? But taxes are high in South America, but generally, not too bad on real estate per se, certainly not on farmland, but farmland everywhere in the world doesn't pay much in the way of real estate taxes, and that's certainly the case here in Uruguay, and the same in Argentina, which might be worth more discussion, because Argentina is doing something that's actually unique in world history right now. And I.hope it's a story that ends well, because they're going in the right direction. But to answer your question, if you buy a condo or a house in a city in Uruguay or Argentina or most of these countries down here, you're going to pay real estate taxes, but it's less than in the US typically, like a half a percent, when they get you in South America is value added taxes, or anything you buy, including labor. In most places, you have to pay the government someplace in between 18 or 20 or 22% depending it's like a huge extra sales tax that's hidden in the cost of the item. And of course, they have income taxes down here, just as what they do in the US, approximately American levels. But on the bright side, not that I know about these things from a firsthand point of view, but these Latin American countries are kind of corrupt and not as completely grasping as the US is they're not as competent in going after you, and don't have a worldwide reach, which the US does.    Keith Weinhold  11:07   Yeah. Oh, well, that's an interesting comparison there. And yeah, Doug, a lot of Latin American nations have had high rates of inflation in both the recent past and now in a piece that you recently wrote is titled, inflation and social decay, rising prices and falling values. And here in the United States, whether it's at the grocery store or the mall or restaurants or airports or anywhere you turn, people really are finding inferior goods and services yet at higher prices. I mean, everyone sees that now. And Doug, I know that you've maintained that living standards have taken a big step, not forward, but backward, and are trending even worse. So tell us about it.    Doug Casey  11:49   Well, the way that you become wealthy is by producing more than you consume and saving the difference. That's the basic formula. Produce more than you consume and save the difference. But when the government inflates the currency, and the government's entirely at fault with it, they have the printing presses. They control the currency. It makes it very, very hard to save, and you can't get ahead. You can't build capital which you need in order to invest and become a capitalist. So inflation is the enemy of the average man, and it's the enemy of society as a whole, but some people do very well because of inflation. Why? Because in the US, it's the people in basically New York and Washington and other big cities that stand very close to the fire hydrant of money that comes out of the government, and they get to drink deeply before something trickles down to the plebs below inflation will destroy a country, and that's why in Latin America in particular, you've got very rich people who are usually connected to the government, who get that money first, and a lot of poor peasants who don't get it, and I'm afraid that the US has been going in that direction for some years.    Keith Weinhold  13:08   Well, I'm so glad Doug that you gave us the reminder that the government is the source of inflation. That's where it all begins, because people often blame the landlord for higher rents, but they blame the grocer for the higher beef prices, but the landlord in the grocer, they're only the messenger, not the source. You're absolutely right. It's a question of very bad economic education throughout the school system, all the way up to college and post grad work the butcher and the baker and the oil maker produce real goods that make your standard of living higher. They're the heroes in this scenario. The government, which prints up money through its deficits that it runs, is the villain in this and I never cease to be amazed and shocked how people look at politicians to be their saviors, right? They're heroes. They're not. They're the villains in this piece. They serve no useful purpose. And the same goes for most of these agencies that they set up, which once again, make things easier for the guys on top, that have capital, that have political connections, that can hire the lawyers, hire the accountants to twist things in their favor, makes it very hard for the little guy who can't jump over the hurdles that are put up by regulation as well as taxes as well as inflation.    Tell us about how inflation erodes ethical standards.    Doug Casey  14:38   Well, that's a problem too, because if you can't trust money, the validity of contracts becomes questionable if you borrow. It's terrible in a country like Argentina, if you borrowed 100 pesos from me and only gave it back to me next year, it'd be worth half as much. But you say, Hey, here's your 100 pesos, but you're subtly cheating the person that you borrowed the money from, right? And it erodes trust. Not only that, but inflation tends to make the banking system unsound for a number of reasons. If you can't trust your bank, you really can't trust any financial institutions. So money is the lifeblood of a society. It represents everything that you want to do and want to provide for other people in the future. And if the government destroys your money, it's destroying your future life. And that erodes trust. It makes people think in terms of, I want it all, and I want it now. I'm not willing to wait, because in the future, I don't know what anything is going to be worth. So it leads to an unstable society. And in an unstable society, you don't trust anything.    Keith Weinhold  15:57   right? Well, first, I love your example of the 100 peso loan. I mean, how would one know how much interest to charge in a runaway inflationary environment? Because some people don't realize that high inflation also means more volatile levels of inflation, and banking and lending really break down. You know, Doug, I've got my own example or two about how inflation introduces unethical behavior when the big wave of inflation started to hit in 2021 and 2022 in the United States, you know my favorite cold brew bottled coffee, which I drank because it had good ingredients in it, rather than raising the price on that with inflation, they replaced their higher quality sweeteners in my cold brew coffee, like stevia and monk fruit extract with a junky sucralose sweetener, they could keep their price the same that way. They sure didn't point out that they substituted a junkier sweetener. And really this is another form of inflation called skimplation That was pretty sneaky behavior here.   Doug Casey  17:00   you're absolutely correct, Keith, and this further breaks down the bonds of trust in society, because you no longer really trust that manufacturer, and that's just your one particular coffee manufacturer, but it's happening across the board with all manufacturers, so no wonder people start saying, Hey, I hate these companies. They're trying to rip me off. Well, they're not trying to rip you off. They're just trying to survive the consequences of the government debasing the currency. So we have to assign blame where it belongs. That's a very good example that you just gave. I think.   Keith Weinhold  17:35   yeah. And I think another way that inflation introduces unethical behavior is say that there are two different manufacturers of wine, and they're selling their bottle of wine for $20 then the currency supply doubles. Okay, well, one manufacturer can go ahead and keep selling their $20 wine with inferior ingredients. Well over here, the honest guy, the other company, they double their price to $40 and they continue to use good quality ingredients. But what do consumers notice? They notice the price more than the ingredients. So therefore the unethical one that waters down their wine ingredients but keeps their price low actually gets rewarded and will get more business.    Doug Casey  18:15   You're right, certainly in the short run, but in the long run, inflation is going to destroy both of them, but for different reasons, inflation really destroys the basis of society itself, because it makes it so much harder to produce and you don't have any savings to consume. So money is the basis of society. When you destroy the money you're destroying the basis of society itself.    Keith Weinhold  18:43   We're talking with Doug Casey about his recent piece that you can find@internationalman.com it'stitled inflation and social decay, rising prices and falling values. He also hosts the eponymous show, Doug Casey's take more with Doug when we come back, including how inflation leads to a more litigious society and actually creates more lawsuits. That's straight ahead. I'm your host. Keith Weinhold.   oh geez, the national average bank account pays less than 1% on your savings, so your bank is getting rich off of you. You've got to earn way more, or else you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk, your cash generates up to a 10% return and compounds year in and year out. 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Start Now while it's on your mind at Ridge lendinggroup.com That's ridgelendinggroup.com   Richard Duncan  20:53   this is Richard Duncan, publisher and macro watch, listen to get rich Education with Geek Weinhold, and don't quit your Daydream.   Keith Weinhold  21:11   Welcome back to get rich education. We're talking with legendary author Doug Casey. In fact, his classic book strategic investing broke the record for receiving the largest advance ever paid for a financial book at the time. And Doug, I know, in one of your latest pieces, you talked about how inflation actually leads to a more litigious society as well. Tell us about that.   Doug Casey  21:34   The US is actually the most litigious country in the world, and it's because a company may have a hard time meeting its obligations when the currency that its obligations are denominated in turns into a floating abstraction, and if you can't fulfill your obligation, is the way you would righteously on a handshake. Might you may want to call in your lawyers to help you survive. So it percolates through all areas of society.    Keith Weinhold  22:06   Now, on top of inflation, I think there's a problem that's really in one's face today, America has a tip inflation problem where increasingly you are being asked for tips at places where you weren't beforehand. And I think a lot of that really began with COVID. Places like Subway restaurant began asking for tips even though you're standing up to order your food, and it was a way for you to show appreciation that they showed up during the pandemic. But when the pandemic waned, the tip request didn't go away. In fact, I think they've increased. So we have tip inflation on top of inflation. Doug, I recently attended a conference, and the little convenience stores inside the event site hotel, they stated that they are now cashless. Okay, so you're going to be paying with a card, and when you bring your groceries up to the counter, there's a little screen, and they ask you two to three questions. You have to answer two to three prompts if you don't want to leave a tip. This is just at a convenience store. This holds up the line. It's a little frustrating. It wears me out. They say humans can only make 35,000 decisions a day. I just spent three or four of them saying I don't want to leave a tip for this sandwich that I just brought to the counter. And you know what's funny, Doug, I almost consider if this gets annoying after I deny the ridiculous tip request when they didn't provide any additional service. You know what I think about asking Doug, asking that person, oh, okay, well, you asked me to pay more than we agreed to. Where's my discount? Now let me ask you a few questions about my discount now that you ask that I pay more than what we agreed to. So tenations become a problem.    Doug Casey  23:47   Actually, it's worse than that, because now that the world is going to computer money less cash, they give you some choices. I know at Starbucks, this is the case. You want to leave a 10% or a 15% or a 20% tip, those are the things that you can check to make it easy for yourself. But wait a minute, I just wanted a coffee, and what services this person provided for me, other than just drawing a coffee for me and I'm given a choice of it used to be that tips were this is a long time ago, but it's still the way it is in many countries in the world, the tips were just the excess change that you left there. Or the waiter in many countries in the world, like, well, two I can think of off the top of my hand, or Japan, where tipping is is not accepted. In fact, I remember in one Tokyo restaurant, I left some money on the table, and the waitress ran down the street after me to give me my money back. She thought that I inadvertently left it on the table and it was supposed to be a tip. Other countries, like New Zealand, there's no tipping. Certainly out in the country, it's only in the big cities. So yeah, it's become a rather pernicious habit, but I understand, because the average guy doing manual hourly labor like waiting is having a really hard time making it these days, and that's evidenced by the fact that both Trump and Kamala Harris were talking about making tips exempt from income taxes, because you might have to pay the government, well, forget about it. You have to pay them 15% in Social Security taxes, which are non deductible, and then you have to pay income taxes on top of the Social Security taxes. So I I understand why you'd want to do that, but inflation is just another kind of tax, actually, when we get right down to it, that's what it is. It's a subtle tax. It's a tax that you don't see. It's a tax that you blame on the person providing the service of the good, rather than the government, which if they tax you directly. Yeah, you see that, but you don't see that. Inflation is just another form of tax.    Keith Weinhold  25:59   Sure, an income tax or a property tax is sort of front stage inflation really a backstage tax being surreptitious. To your point, well, if the government is so bad and does such a poor job of issuing currency, Doug, what are your thoughts about the government just getting out of the currency issuance business? Whatever that would look like, a gold standard, a Bitcoin standard. Does the government have to be the one that issues the currency?    Doug Casey  26:27   No, it doesn't actually look and we might want to forget about this concept of currency. You've heard that the BRICS, a bunch of third world countries, Russia, India, China, Brazil, many others who want to get out of using the dollar, they don't want to use the dollar because the dollar is turned into a floating abstraction, and they can't trust the US government, as the Russians found, because all dollars clear through New York. So what are they going to do? They don't trust each other's phony baloney currencies. I think that those countries are going to go to gold, not a gold currency, gold, which was money since day one of human history. Actually, I think that's going to happen in the US. And for many, many years, I've suggested that people do their saving in gold, not in dollars. I've been saving in gold for the last 50 years, starting when gold was in the low 40s. And as you do with savings, you put it aside, you forget about it. And the gold that I first saved at $40 an ounce, it's now at 2700 more or less, has treated me very well. I think that people should be saving with something that's not going to lose value the way the dollar does. If the dollar is in a lot of trouble, it could dry up and blow away, quite frankly. So one reason why you want to own real things, commodities, properties, gold, things of that nature, or stocks, if you choose the company well.    Keith Weinhold  27:59   I've helped people that have been hesitant about putting a little bit of money into gold or Bitcoin with the mindset of, don't think about how you are buying gold or Bitcoin. Think of it rather as how you are shifting a portion of your prosperity from dollars, pesos, yen or euros over into gold or Bitcoin. Really, you're just shifting some of your prosperity there. Is the way that I like to think about it. But Doug, as we've been talking about inflation, in this theme of government really having intervention and distortions into free markets, including things like inflation. You know, I've got something that I'm thinking about, and you might help shape or change my thinking about this. We generally champion free markets around here that's typically a good economic system. However, is a free market with some guardrails on it actually helpful? Or do you think that the guardrails shouldn't be there? You mentioned Donald Trump a little bit earlier? One thing, for example, that he says he wants to do Doug is fire the current FTC chair, Lina Khan now the Federal Trade Commission. What their role has really been in the past few years is they spend a lot of their energy cracking down on fraudsters, but Lina Khan wants to bust up mega corporations. So really, what I'm getting at is, can one of the guardrails that's important be that say the FTC make sure there isn't like a an early 1900 style, John D Rockefeller monopoly. What are your thoughts with the government's role in breaking up monopolies? Is that a valid guardrail on the free market?    Doug Casey  29:30   No, I don't think it is. Look, you've got two kinds of monopolies. You've got market monopolies and legal monopolies. A market monopoly is one where the company provides the good or service so cheaply at such a high quality that nobody can compete with them. It's not worth it. Well, leave it alone. And if they start pricing their product too high, or the quality falls enough in a free market, Competitors will come in. That's one type of monopoly. nothing wrong with that kind of monopoly. The other kind of monopoly is a legal monopoly where the government says you have a franchise to do this, you and only you can do it like, well, like almost anything today, where you have to, you have to get government approval in order to provide the good or service. Like railroads, for instance, you couldn't start a new railroad today if you wanted to. So if it's a legal monopoly, you're fighting the law. If it's a market monopoly, you just have to provide a service or good, cheaper or better. So no, I don't think the FTC or any of these three Leader Letter agencies serve a useful purpose. All they do is add to costs and slow down competition and employ people that stick their nose into your business and tell you what you can or can't do both as a producer and a consumer. Look, the government is force. It's coercion. It should only do three things in a civilized society, we want to limit coercion. That means protect you from coercion outside the country with the military inside the country, with the police force, and allow you to adjudicate disputes peacefully without resorting to coercion through a court system. Everything else can be solved through market processes. Believe it or not, I know that shocks most people to hear they're so used to thinking that big brother is watching over a man is going to save my bank and protect me from bad people out there. I wish there are plenty, but it's not the best way to do it. Frankly.   Keith Weinhold  31:33   you've done a good job of drawing a distinct line as to what you think government should stay out of but what about this monopoly power? What if, even with AI inroads, Google still owns more than 90% of the search markets, so therefore they can charge exorbitant prices. Shouldn't something like Google be broken up in an antitrust lawsuit?    Doug Casey  31:51   No, no, it shouldn't, because there are other companies out there that provide people are just used to using Google. I use it myself, but there are at least a half a dozen, and I'm not a computer jock, so I think there are more than that, other services out there that you can use instead of Google, and believe me, I don't like these big companies. I mean, they act like semi governments onto themselves. No, you don't want the government to step in, because the government is a far greater danger than Google is. Google can't break down your door at three in the morning with cops and haul you off to jail. Google can just charge you more than you'd want and do other things like that. But you have other alternatives to Google. It's not an active over weeding physical danger the way the government does. And I'm not saying I like Google either. I don't. Let's admit it, they provide us a tremendous service at basically zero cost, and if you can find ways to get around them, I think that's great. Like I said, it's wonderful what they do. But that doesn't mean I'm a fan of them because of the way that, like any big organization, sure, they try to take advantage around the edges. Unfortunately, that's a negative part of human nature. But the government is not the solution to the problem.    Keith Weinhold  33:13   And of course, this doesn't mean I'm a pro regulation person. Some states and jurisdictions landlord and tenant act can be overbearing.For example, the FDA is not doing a good job with what is allowed to be put into our food, either. So the size of the regulation probably is too big.    Doug Casey  33:31   My old friend Dirk Pearson, who wrote a book called Life Extension, a practical scientific approach, was a huge bestseller some years ago, and Derek always liked to say the FDA it kills more people every year than the Defense Department does decade. And he's right.    Keith Weinhold  33:51   Yeah, that is a pretty sad indictment on the state of things there. But do you have given us quite a few things to think about with how inflation is actually an unethical source, and some more thoughts about free markets. If our audience wants to connect with you, what's the best way for them to do that?    Doug Casey  34:07   Well, go to internationalman.com I write an article there every week, but every day we have great articles by great people. So go to internationalman.com that's one thing on YouTube. Doug Casey's take, where I have a conversation on these and many, many other subjects with Matt Smith every week. And the last thing is, since you can say some things in the form of fiction that you dare not, or better not say in the form of non fiction, right, I have three novels, speculator, drug lord and assassin that I think are excellent reads, so go on Amazon and pick them up too.    Keith Weinhold  34:47   Yeah, Casey, it's been insightful as usual. Thanks for coming back onto the show today.    Doug Casey  34:52   Appreciate it, Keith, it's been a pleasure.   Keith Weinhold  35:00   Yeah, good insight from Doug. As always, tipflation has become awfully intrusive. I recently made a donation on my nephew's behalf for his soccer team or something like that on the donation platform, okay, they called that donation my pledge. Okay, sure, but before I finaled out my pledge on the site, they next asked me if I would like to leave a tip on top of my pledge. Sheesh. Well, do you blame the donation platform for trying to up charge me after I'm just trying to be giving or instead, after listening to today's episode, do you blame the government for inflation in spending? Is this all just a result of that? And now we have listeners that when they find this show, they want to go back and listen to all currently, 500 plus episodes. Well, if you're listening to this five or 10 years from now, you might find my tipflation stories unusual because the practice could be so common and embedded into society by then. Right now, it's still pretty novel here in the mid 2020s there's a rapid rate of change on the tip flation front. And the next time that you are asked for an out of bounds tip, are you next going to ask the merchant where your discount is and make them answer three questions about it.   And by the way, the cold brew coffee that I mentioned with Doug is not the erstwhile la Columbia brand that I talked about two weeks ago. My favorite and real go tos are the Slate and O, W, Y, N brands. That way you get 20 grams of protein with your coffee and no cheap sweeteners in those two. Now, when it comes to the anti trust stuff, breaking up monopolies and duopolies, see real estate is super fractured with who owns it. I mean, even with more institutional buying of real estate, like we've seen this past decade on a national basis, these huge groups that own 1000 homes or more. All those groups, they only own about 710, of 1%of the US single family housing stock. So real estate investing is free market and it is fractured. It is not at all consolidated.    And now let me give you something outside of real estate, an example from another segment of business, supermarkets. There is no need for you to frantically hoard Annie's mac and cheese. It's not good for you anyway. But two courts rejected the Kroger Albertsons merger earlier this month, and that effectively broke up the deal that would have brought together two of the largest grocery store chains in America, the decision that really gave a sweet victory to FTC chair Lena Khan, like I mentioned there in the interview, but her time at the agency's Helm, that's going to end in a few weeks with the beginning of a new presidential administration. But see, in my opinion, and going after antitrust cases, she was pro free market and pro competition, which I see as a good thing. That way you have more companies vying for your business with better quality and lower prices. But I do like to listen to the other side, because, like I said in the interview, I'm still forming an opinion on this. That's why I wanted Doug Casey's take. And in this case, the two grocery companies, they had argued that creating a larger entity merging them both that would allow it to compete with Walmart and offer higher wages and lower prices. That is their side of it. Now Andrew Ferguson, he is the apparent new FTC chair. He has promised to reverse what he called Khan's anti business agenda, so we're not going to see as much antitrust crackdown from the looks of things. And note that there is also an antitrust division at the DOJ, so their influence weighs in as well. This really hasn't been much of a problem for real estate, one of the most highly fractured major markets around and now you do have though adjacent industry, like the home builder space, where there is a home building giant like Lennar, but even the home builder space isn't nearly as consolidated and anti competitive as say, the online search industry or the airline industry. I would like to wish you a happy new year. As always, we are back next week with more great content coming up on the show. We go in depth on some real estate asset classes and also how you can really, accionably and seriously reduce your tax burden next year with vehicles like bonus depreciation and cost segregation, simplifying those things for you, these are exactly the types of tools about how the rich get ahead by knowing how the tax laws benefit them, and pretty soon you will too.   If you like what you hear here each week, please go ahead and tell a friend about the show. I would really appreciate it. Until then, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 2  40:15   Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  40:43   The preceding program was brought to you by your home for wealth, building, get rich, education.com

Is Lena Khan About to DESTROY Google?? www.watchdogonwallstreet.com

This Week in Startups is brought to you by… Oracle. Oracle Cloud Infrastructure, or OCI, is a single platform for your infrastructure, database, application development, and AI needs. Save up to 50% on your cloud bill at ⁠https://w⁠⁠⁠⁠ww.oracle.com/twist Notion. Notion combines your notes, docs, and projects into one beautifully designed space with AI built right in. Try it for free today at https://notion.com/twist AssemblyAI. Get maximum value from voice data with AssemblyAI. Build powerful products and features for your end users on the industry's leading speech-to-text models. Get 100 free hours to start building at https://www.assemblyai.com/twist * Timestamps: (0:00) Jason and Alex kick off the show (3:55) Skydio's Adam Bry joins the show (4:22) Overview of Skydio's autonomous drones and public safety applications (9:31) Oracle - Try OCI and save up to 50% on your cloud bill at https://w⁠⁠⁠⁠ww.oracle.com/twist (11:07) Skydio as the largest US drone producer and Chinese sanctions impact (17:36) Risks of Chinese-made drones and Skydio's cybersecurity measures (21:28) Drones in defense and combat applications (25:15) Notion - Try it for free today at https://notion.com/twist (27:24) Drone light shows and military implications, Skydio's mission and hiring (31:44) Future applications of drone technology and hardware startup challenges (39:31) Geopolitical tensions and impact on American companies (39:43) AssemblyAI - Get 100 free hours to start building at https://www.assemblyai.com/twist (41:36) Presidential election results and implications for entrepreneurship (48:49) Tariffs, immigration policies, and economic impact (57:41) Prediction markets (1:00:07) High-skilled immigration and antitrust policies (1:04:35) Political influence on business dynamics and media (1:07:02) Mergers, acquisitions, and startup liquidity post-Lena Khan (1:11:26) Secondary markets, Lyft and DoorDash valuation trends (1:15:15) The future of search engines * Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.com Check out the TWIST500: https://www.twist500.com * Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp * Mentioned on the show: Check out Skydio: https://www.skydio.com/ Check out Perplexity: https://www.perplexity.ai/ Article on Amazon's purchase of MGM: https://www.esquire.com/entertainment/movies/a36543339/james-bond-amazon-mgm-deal-explained/ Article on election ad spending in 2024: https://www.afaqs.com/news/advertising/harris-and-trump-spent-nearly-10-billion-on-ads-in-2024-us-elections-7452195 Trailer for 1982 Doc “Buried”: https://www.youtube.com/watch?v=G4NpOlJ_O-I * Follow Adam: X: https://x.com/adampbry Linkedin: https://www.linkedin.com/in/adambry/ Follow Alex: X: https://x.com/alex LinkedIn: ⁠https://www.linkedin.com/in/alexwilhelm * Follow Jason: X: https://twitter.com/Jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis * Thank you to our partners: (9:31) Oracle - Try OCI and save up to 50% on your cloud bill at at https://w⁠⁠⁠⁠ww.oracle.com/twist (25:15) Notion - Try it for free today at https://notion.com/twist (39:43) AssemblyAI - Get 100 free hours to start building at https://www.assemblyai.com/twist * Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland * Check out Jason's suite of newsletters: https://substack.com/@calacanis * Follow TWiST: Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin Instagram: https://www.instagram.com/thisweekinstartups TikTok: https://www.tiktok.com/@thisweekinstartups Substack: https://twistartups.substack.com * Subscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916

In this episode, David Pivnick, Partner at McGuireWoods LLP, joins Scott Becker to discuss the dynamics of business turnarounds, leadership transitions, and lessons from sports analogies. They also delve into the potential impact of a change in administration on the FTC’s antitrust enforcement under Lena Khan.

In this episode, David Pivnick, Partner at McGuireWoods LLP, joins Scott Becker to discuss the dynamics of business turnarounds, leadership transitions, and lessons from sports analogies. They also delve into the potential impact of a change in administration on the FTC’s antitrust enforcement under Lena Khan.

The UN is in NYC, so you know nothing will get accomplished and traffic will be terrible! Ukraine’s President is also in town with his victory plan, surprisingly it only requires a blank check from Uncle Sam. Israel got bored of killing Gaza children and decided to try its hand at killing Lebanese children. We find common ground between liberals and conservatives and whip out the new enshitification term. The Mainstream media wants everyone to know about the $150K bounty on dangerous rhetoric spewing Donald Trump’s head. Iceland hates Polar Bears more than Global Warming. Kamala owns a gun and the FTC wants to ban Non-compete clauses.   Fiat Fun Coupon Donators: Coincat Hempress Emily M.   This weeks Boosters:   trailchicken | 3,333 | BAG DADDY BOOSTER! Boolysteed   | 3,333 mrh          | 1,000 jasper89     | 137   Art: Trashman nailed this goofy showart. It made me laugh out loud.   Shownotes Ep 138               Sport                         Geoguesser World Cup               Mid East                         Iran VP on NBC               Biden                         Who’s Next               DEFCON                         Enshitification               Information Warfare                         Vivek on Peterson               Lena Khan                         60 Minutes Overtime w/ Lena Khan                        

Director Maureen Bharoocha discusses her new film, The Prank, with fellow Director Lena Khan in a Q&A at the DGA theater in Los Angeles. In the conversation, she discusses the influence of Hitchcock and Heathers on her tone, utilizing the score to control tension throughout the film, and working with Rita Moreno to portray the Actor in her first villain role. The film follows Ben and Tanner, two seemingly ordinary high school seniors. But when they both fail a physics test, they decide to exact revenge on their teacher by framing her for the murder of a missing student. See photos and a summary of this event below: https://dga.org/Events/2024/May2024/ThePrank_QnA_0324

Berkeley Law Professor, Talha Syed, discusses the impending antitrust lawsuit against Apple. Professor Syed, an expert in political economy, antitrust, and intellectual property, takes us on a journey through the history of antitrust and how we got to the current moment, one where the government is reevaluating antitrust law and its specific application to big tech. Professor Syed reveals his thoughts and assessment of the new Brandeis movement, headed by Lena Khan and Jonathan Kanter of the FTC and DOJ. He also shares his perception of the merits of an antitrust challenge to Apple and what the case could mean for the future of big tech. We hope you enjoyed the podcast.

It's time to welcome back Chris DeMuth for his monthly state of the markets. For this November 2023 edition, Chris provides his take on the opacity and aggression of the FTC, how he is thinking about the Spirit trial, Amazon / iRobot deal and reflections on Charlie Munger. For more information about Rangeley Capital, please visit: http://www.rangeleycapital.com/ Chapters: [0:00] Introduction + Episode sponsor: Alphasense [2:07] What is on Chris' mind this month: M&A, arbitrage, anti-trust, recent podcast with Lena Khan, Chair of the FTC [7:49] How Chris is thinking about the Spirit trial, and the implications if the merger does not go through [21:07] Spirit trial: airplane shortages and expert witnesses [29:35] Spirit / JetBlue bear argument about hot docs [33:47] Amazon / iRobot deal [40:16] Final thoughts: reflections on Charlie Munger Today's episode is sponsored by: Alphasense This episode is brought to you by AlphaSense, the AI platform behind the world's biggest investment decisions. The right financial intelligence platform can make or break your quarter. AlphaSense is the #1 rated financial research solution by G2. With AI search technology and a library of premium content, you can stay ahead of key macroeconomic trends and accelerate your investment research efforts. AI capabilities, like Smart Synonyms and Sentiment Analysis, provide even deeper industry and company analysis. AlphaSense gives you the tools you need to provide better analysis for you and your clients. As a Yet Another Value Podcast listener, visit alpha-sense.com/fs today to beat FOMO and move faster than the market.

$AAPL - China is restricting iPhone usage by govt officials. Big move that could hit their earnings. Remember - at the center of the ecosystem is the iPhone. $AMZN - could the FTC lawsuit hurt or help the stock? I love Webull - ⁠⁠Sign up here and get FREE STOCKS⁠⁠ - https://a.webull.com/iHwte9iTQnfaDYFVxv Social Links and more - ⁠https://linktr.ee/dailystockpick ⁠ Follow along with all my trades and journal your own here -  https://savvytrader.com/Dailystockpick/2023-trading-portfolio FREE NEWSLETTER WITH CHARTS - subscribe at ⁠dailystockpick.substack.com ⁠ I love Webull - ⁠⁠Sign up here and get FREE STOCKS⁠⁠ SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3MFGCRG  $20 off your first month - only $5 for the first month Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93 Sign up for Webull and get free stocks like I did - https://a.webull.com/gGlte9iTQnfaDYFa4S NOTES Yesterday was a case of rising rates and another reset of risk - $SPY $QQQ https://finviz.com/published_map.ashx?t=sec&st=d1&f=090723&i=sec_d1_063636502 $aapl - China iPhone restriction may extend past govt employees so this will affect iPhone sales in China. It's clear the China risk is not priced in to this stock. 1/5 of revenue comes from China so this is a huge hit. This is not a normal dip so this could bring that gap in play $AMZN - FTC lawsuit coming - should you worry? I don't think so - Lena Khan hasn't won these suits and   $ai - weak earnings and pulled back on forward estimates  $ionq - almost at $20  $dxcm took off  And $gme went up - narrows losses and no new executives announced.  Damon asked about tools and how to pick them. https://a.webull.com/NcHte9iTQnfaDYFC8d - Webull desktop I really like more than active trader pro - it might replace ATP  Social request  From Spotify - Tristan $jupw  Huge short interest and they are a target so that's the reason it's going up Scans $SDS $SPXU $SDOW $DRV $CHWY $RCL $DLTR 

Israeli President Isaac Herzog invited to address a joint meeting of the US Congress. House Republicans are accusing Lena Khan of misleading Congress over a possible ethics violation. And an inside look at a new documentary. 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

The Meddling Kids visited jolly old London this week to make some new friends. Sisters, Ria and Lena Khan are both chasing their respective dreams of being a stunt woman and an artist. However, after dropping out of art school, Lena seems to have given up her artistic dreams and fallen in love instead. Is this a new relationship, or is there a shadow lurking beneath the surface? It is up to Ria to find out. Polite Society, directed by Nida Manzoor, is a movie that explores relationships and dreams while mixing in action and comedy. Hang with your pals, the 2 Meddling Kids, as we see if this movie can land a double twist reverse spin kick.

Arij Mikati is the managing director of storytelling and culture change work at Pillars Fund. Her work with her team at Pillars Fund helps to support Muslims who want to tell authentic and provocative stories full of mess, nuance and beauty, looking for infuse the existing landscape of media with fresh ideas and voices. Alongside actor Riz Ahmed, USC Annenberg and Ford Foundation, Pillars Fund recently unveiled their blueprint for Muslim inclusion, which found Muslims missing or misrepresented in aa study of top grossing films from 2017-2019. Alongside Riz Ahmed and his production company Left Handed films, Arij and her team at Pillars Fund have helped create the Pillars Artist Fellowship program, which seeks to empower Muslim writers and directors on their pathways to success, and features an all star advisory committee with names like Mahershala Ali, Hasan Minhaj, Lena Khan and others, a group who have affectionately been dubbed by Riz as the Muslim Avengers. We'll be speaking to Arij about the helping build this initiative and why it's so important to empower Muslim storytellers.

Lena Khan went to UCLA with an interest in film — but no intention to pursue it as a career. Fast forward to today and her IMDB profile credits her for a Disney+ film, Flora and Ulysses, and her own full-length film, The Tiger Hunter. Lena has become a pillar within the intimate Muslim-American circle in Hollywood, and most recently co-signed Riz Ahmed's campaign to get more Muslims in film.  Listen to Lena's journey on today's epi, and how she has navigated her successful career as a director. Keep up with Lena: Follow Lena on IG Follow Lena on Twitter --- Send in a voice message: https://anchor.fm/laylool/message

This week, Cherlynn and Devindra are joined by Gizmodo's Sam Rutherford to chat about Samsung's smartwatch updates and the few tidbits of news from Mobile World Congress. Also, they dive into the newly released previews for iOS 15, macOS Monterey and Windows 11. It's the rare year where both Mac and Windows are getting some major updates. New stuff from Samsung (One UI, Galaxy Buds 2) – 1:34 Mobile World Congress happened…sort of – 18:34 First impressions from the Windows 11 insider preview – 27:34 Apple releases betas for iOS 15, iPad OS 15, watchOS 8, and macOS Monterey – 34:01 Amazon wants Lena Khan to recuse herself – 48:29 Amazon Halo get Movement Health update – 51:35 Working on – 57:52 Pop culture picks – 59:05

Parvez and Omar are joined by Lena Khan, to discuss her latest achievements in directing films. Lena is a Canadian American writer and director. Her first feature film, THE TIGER HUNTER, released in over 60 cities nationwide and garnered effusively positive reviews from The New York Times, Los Angeles Times, and more. Fresh off of her first film, Disney tapped Lena to direct FLORA AND ULYSSES, a live action family comedy. With a background from the UCLA School of Theater, Film and Television and experience at noted production companies such as Participant Media, Lena spent years directing short films, commercials and music videos before embarking on her first film. Lena and her work have been profiled in Vogue, Harper's Bazaar, Teen Vogue, USA Today and The New York Times. She was also listed as one of the 25 Screenwriters to watch in MovieMaker magazine. Lena recently sold a television show, directed multiple episodes of Netflix's "Never Have I Ever," and is overseeing development on a few feature projects.

Parvez and Omar are joined by Lena Khan, to discuss her latest achievements in directing films. Lena is a Canadian American writer and director. Her first feature film, THE TIGER HUNTER, released in over 60 cities nationwide and garnered effusively positive reviews from The New York Times, Los Angeles Times, and more. Fresh off of her first film, Disney tapped Lena to direct FLORA AND ULYSSES, a live action family comedy. With a background from the UCLA School of Theater, Film and Television and experience at noted production companies such as Participant Media, Lena spent years directing short films, commercials and music videos before embarking on her first film. Lena and her work have been profiled in Vogue, Harper's Bazaar, Teen Vogue, USA Today and The New York Times. She was also listed as one of the 25 Screenwriters to watch in MovieMaker magazine. Lena recently sold a television show, directed multiple episodes of Netflix's "Never Have I Ever," and is overseeing development on a few feature projects.

We have interviews Alyson Hannigan, Ben Schwartz, Kate Dicamillo, Lena Khan, Matilda Lawler, Ben Schwartz and Danny Pudi. We also have clips from the film.

Welcome back everyone to Season 2 of our competitive film podcast; Cine it to Win it! where two friends fight films for fun! Join us this week to find out if we care a lot about J Blakeson's I Care a Lot, Lena Khan's Flora & Ulysses and Carlo Mirabella-Davis' Swallow. Timestamps: 0:00 - The warm up (intro) 06:20 - I Care a Lot review 18:25 - Flora & Ulysses review 35:35 - The super squirrel challenge  41:40 - The Empire Strikes Back! Swallow review 61:10 - The credits: American Werewolf in London, Control, Snowpiercer, Wonderful 71:50 - The warm down (outro) Thank you all for listening. If you enjoyed the episode please consider subscribing and leaving a rating, it would really go a long way. Catch you all next week! Email: cineittowinit@gmail.com Twitter: @cine_it Instagram: @cineittowinit Tags: Movies, Films, Latest, Releases, Review, Contest, Gameshow, Competition, Friendly, Rounds, Television, Games, News, VoD, Streaming, Netflix, Amazon Prime, HBOMax, Disney Plus, Apple TV Plus, Rosamund Pike, Peter Dinklage, J Blakeson, I Care a Lot, Matilda Lawler, Ben Schwartz, Alyson Hannigan, Flora & Ulysses, Hayley Bennett, Austin Stowell, Carlo Mirabella-Davis, Swallow Intro & Outro Music Coming for You by NEFFEX, https://smarturl.it/neffex_soundcloud

In which the Mister and the Monsters join me in reviewing FLORA AND ULYSSES (2021), premiering today and currently streaming on Disney+. Directed by Lena Khan with a script by Brad Copeland and based on the novel by Kate DiCamillo, the film tells the story of Flora (Matilda Lawler), who's family is going through a rough patch, how she meets a squirrel, saves his life and then the adventures they embark on. For those that read the novel, some changes were made to the story but nothing to take away anyone's enjoyment. The film's runtime is 1 hour and 35 minutes and is rated PG. Please note there are SPOILERS in this review. #Disney+ #Flora&Ulysses #FridayFamilyFilmNight Opening into music: GOAT by Wayne Jones, courtesy of YouTube Audio Library --- Support this podcast: https://anchor.fm/jokagoge/support

Flora & Ulysses 95 Minutes, Rated PG Written by Brad Copeland (From the novel by Kate DiCamillo) Directed by Lena Khan Synopsis: Flora is an avid comic book fan and a self-avowed cynic, whose parents have recently separated. After rescuing a squirrel she names Ulysses, Flora is amazed to discover he possesses unique superhero powers … Continue reading Flora & Ulysses

Research has shown the amazing benefits of learning a second language. Amazing Director Lena khan (more about her later) is not a native Arabic speaker but has been successful in teaching her children fluent Arabic. In this episode, Lena discusses what helped her teach her son Arabic. She mentions exposure is the most important in learning a language. She delves into the methodology OPOL (one person-one language), that worked for her. She gives tons of resources and ideas in this discussion.More can be found at bit.ly/arabicresources. Now a little about Lena Khan, Lena is an Award-winning Canadian American writer and director who recently finished a major studio film for Disney. With a background from the UCLA School of Theater, Film and Television and experience at noted production companies such as Participant Media, Lena spent years directing short films, commercials, and music videos for artists such as Maher Zain before embarking on her first film. Lena and her work have been profiled in Vogue, Harper’s Bazaar, Teen Vogue, USA Today, The New York Times and more. Lena has committed herself to making competitive and entertainment content that is also relevant to the social needs of our time. She has been honored as a guest speaker at various universities, received numerous awards. Farah will be having Lena as a guest in future episodes.

On this episode of No Coaster Needed, I sat down with Nuha Elalem. She is a Windsor-based filmmaker and photographer who at 24 already has credits for The Card, The Tiger Hunter and others under her belt. On today’s show, we talk about her move from Libya to Canada at a young age, working as a Producer for the first time on The Card, going to Los Angeles, moving on to bigger projects like The Tiger Hunter and all of the anecdotes in between. If you want to follow Nuha's work, you can go to NuhaElalem.com or follow her on Instagram @PhotosbyNuha. The Card, a film where she was the Producer and Assistant Director, is available for viewing on YouTube or at TheCardShortFilm.com. Interview Notes: 1:40 Nuha’s move from Libya to Canada 4:20 Wanting to be a filmmaker 6:20 Working with Asil Moussa on “Muslims of Windsor” 7:42 Working with Kim Nelson on “On Girls” 12:12 Being a Producer & Assistant Director on her first short film “The Card” 16:10 Casting for “The Card” and finding their main actress 19:15 Going to Los Angeles 20:40 Interning on Lena Khan’s “The Tiger Hunter” 23:00 The clothing, the colour and the car from “The Tiger Hunter” 27:30 Her work on a Sexual Assault PDA for Windsor Police 32:22 Her involvement with the Windsor International Film Festival 34:25 What comes next, advice for other young filmmakers and the person she wants to work with most Season 1 of No Coaster Needed focuses on people with ties to Windsor, Ontario. To see updates about future No Coaster Needed shows, visit NoCoasterNeeded.com or follow me on Twitter @JacobMcCourt.

Angry Asian Man talks to writer/director Lena Khan about her indie film THE TIGER HUNTER, why her 1970s-set immigrant comedy feels particularly relevant right now, and how you can accomplish anything with just one really groovy suit.

This week, Edward Hong and Josephine Chang guest host with special guest, director Lena Khan of the brand new film starring Danny Pudi, The Tiger Hunter. Set in the 1970s, The Tiger Hunter is the story of Sami Malik, a young Indian man who travels to  America to become an engineer in order to impress his childhood crush and live up to the legacy of his father — a legendary tiger hunter — back home. When Sami's job falls through, he takes a low-end job and joins with a gang of oddball friends in hopes of convincing his childhood sweetheart that he's far more successful than he truly is… or perhaps ever could be. A timely and topical comedy that captures a young immigrant's pursuit for success, love, and the American dream with humor and heart, The Tiger Hunter is a charming comedy bolstered by vibrant storytelling and an endearing comic spirit. All this and more on Hard NOC Life! Watch it on your screen, hit "play," and check this. Subscribe on Apple Podcasts and Google Play! As always, our official theme music is brought to you by the super team of Adam WarRock and Chops.

On our latest episode we're joined by Lena Khan, writer/producer/director of the new film The Tiger Hunter, in theaters now. The film stars Danny Pudi, Rizwan Manji, and Jon Heder, and is inspired by her father's immigrant experience coming to the west in the 1970s. We had the opportunity to chat with Lena about her own interest in the film industry, some of her artistic inspirations, and the long journey of bringing this film to the screen, from concept to crowdfunding, to completion. It's a story about artistic perserverance that's at least as inspirational as the film itself, and you can hear it all at the embed below, or via iTunes or Stitcher. As always, please hit "like" on our Facebook page, and send any comments or questions to DiffusedCongruence@gmail.com.

Writers Ayser Salman and Lena Khan talk about the challenge and promise of writing Muslim characters for film and TV. 

A conversation with producers Effie Brown and Janet Yang and directors Lena Khan and Pamela Tom for F This Weekly's first LIVE event: Women for the Win, a panel discussion held at the Los Angeles Asian Pacific Film Festival’s Conference for Creative Content on Saturday, April 23, 2016 at the Japanese American National Museum in Little Tokyo, Los Angeles. Special Thanks: David Magdael Abraham Ferrer Francis Cullado Milton Liu Patrick Epino Katrina Alarkon Sthanlee Mirador Steven Lam Featured Music: Uffie - Hot Chick Podington Bear - All Hot Lights

an 29, 2013 Yvonne Haddad, Georgetown University professor and specialist in the history of Muslims in the US continues (see Tahrir 22 Jan/13) her assessment on gains and setbacks in our community. We include statements from Muslim filmmaker Lena Khan,...