Podcasts about Market economy

A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.Original article: Wealth Generation and the Market Economy

A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.Original article: Wealth Generation and the Market Economy

A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.Original article: Wealth Generation and the Market Economy

A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.Original article: Wealth Generation and the Market Economy

Join the conversation with C4 & Bryan Nehman.  Angelette Aviles sat in for C4 this morning.  Mayor Brandon Scott gave his state of the city address last night.  Bryan & Angelette reacted along with listener opinions.  ABC News reporter Ines De La Cuetara joined the show providing an update from Rome in the wake of Pope Francis' death.  Pete Hegseth is back in the hot seat with signal gate 2.0.  Can the markets/economy make a rebound.  Baltimore Archbishop William Lori joined the show this morning providing a local aspect in the wake of the death of Pope Francis.  President of Business Operations for the Baltimore Orioles Catie Griggs also joined the show talking about the new streaming package offered by MASN & more.   Listen to C4 & Bryan Nehman live weekdays from 5:30 to 10am on WBAL News Radio 1090, FM 101.5 & the WBAL Radio App.

In this episode of the World of Higher Education Podcast, host Alex Usher interviews Dendev Badarch, a professor at the Mongolian University of Science and Technology, about the evolution and current state of higher education in Mongolia. They discuss the historical Soviet influence, the impact of Mongolia's transition to a market economy, the rise of private colleges, and recent legislative changes aimed at university autonomy. Badarch also outlines the challenges and opportunities facing Mongolian higher education, including funding issues, the need for stronger research culture, and the potential for international collaboration and digital technologies.

Guest: Kevin Augustyn, Vice President of Development, The Acton Institute for Religion and Liberty | Host: Julian Gibb interviews Kevin Augustyn Kevin explains why Religion and Liberty belong together. The Founding Fathers believed that virtue was essential to public life and that it was necessary for self-government. They believed that a corrupt and selfish people would not be able to successfully operate a republic. acton.orgSee omnystudio.com/listener for privacy information.

Wed, 26 Feb 2025 06:30:00 +0000 https://tap.podigee.io/48-cristina-alaimo b788479886b1433e351b583f213307fa The complexities of privacy in the data economy Guest Cristina Alaimo Bio Cristina Alaimo, who received her Ph.D. from the London School of Economics, is an Associate Professor at ESSEC Business School in France. Her research focuses on data-driven innovation and its impact on organizations and society. Alaimo co-authored the book Data Rules: Reinventing the Market Economy with Jannis Kallinikos, which MIT Press published in 2024. She also serves as a senior editor of the European Journal of Information Systems. Summary In this episode of Talking About Platforms, Cristina Alaimo discusses her work on platforms as new enterprise forms mediating heterogeneous actors' participation, highlighting the central role of data in transforming social and economic relations. She introduces the concept of "de-centering," which distinguishes platform-based organizations from traditional organizations focused on boundaries, resources, and concentrated knowledge. Platforms, unlike traditional organizations, thrive on the dispersed and heterogeneous participation of actors, recentralizing data to produce value. The discussion explores the cognitive revolution in business and the importance of data as a resource of knowledge, not just economic value. Cristina emphasizes that data is not simply found or given by users but is actively made through the engineering of platform participation. She also touches on the impact of regulatory frameworks, like the EU's Digital Markets Act, on digital platforms, noting that their effect may be limited due to the dynamic nature of the environment and developments in AI. We delve into the complexities of privacy in the data economy, question the concept's operationalization, and advocate for a more specific discussion about citizen rights. Cristina calls for academia to avoid ideological battles and instead focus on understanding how data is produced, who benefits, and the various dimensions of data, urging a more nuanced approach to data economy discussions. Additionally, she highlights the need for a cautious yet flexible approach to regulation, considering the broad impact on knowledge access and societal norms. Publications & Projects Mentioned Alaimo, C., & Kallinikos, J. (2024). Data Rules: Reinventing the Market Economy. MIT Press. Links Cristina's Website: https://faculty.essec.edu/en/cv/alaimo-cristina/ Linkedin: https://www.linkedin.com/in/cristinaalaimo/ full The complexities of privacy in the data economy no data governance,digital platforms Daniel Trabucchi, Tommaso Buganza and Philip Meier

There are 4 things you need to consider. Discover what they are and what they could mean for you in this episode... Looking for a blueprint on how to build passive income through property? Then get a copy of my book free (both the digital and audio versions)

Liz Ann Sonders, chief investment strategist at Charles Schwab & Co., says that while the stock market has done well at the index level — where a few big names carried the benchmarks to big years — the fuller story has been told at a lower level, where the market has had more struggles and there have been rolling recessions in various areas of the economy without triggering a full-blown, broad-based downturn. She says those conditions will persist for at least the first half of 2025, with the market continuing to roll on if earnings remain strong; to that end, she noted that the market's current expectations — calling for 14 percent earnings growth — seem high, which should make investors cautious at least until they see forward-looking estimates. Mark Gatto, co-founder and co-chief executive officer at CION Investment Group, says that global infrastructure spending estimated at as much as $3 trillion annually worldwide is creating an asset class that can overcome political challenges and that has significant earning potential, which is why his firm recently announced plans for the new CION Grosvenor Infrastructure Fund. And in the Market Call, Jason Browne, president of Alexis Investment Partners and the Alexis Practical Tactical fund talks about ETF investing.

Aaron Terrazas is an economist who has worked for the U.S. Treasury, Zillow and was most recently, the chief economist at Glassdoor. He spent his career providing research, analysis and commentary on today's evolving workplace and fast-changing labor market. Aaron discusses how there are two different job markets concurrently happening, and delves into the undercurrent beneath the headline numbers we are seeing in the economy and job market, primarily the erosion of the quality of work for white-collar workers.Aaron talks about the cloud of uncertainty heading into 2025 and the importance of nuance when talking about issues such as illegal immigration and labor supply. We speak about the shift of demographics in the workforce, with the exodus of Baby Boomers and the implications that has on the job market and upward mobility, as well as intergenerational wealth transfers. Lastly, we talk about the impact of inflation in the near and long term, and how high interest rates alter the calculus of capital and startup investments.

Did you know there is someone who published a MIS Quarterly paper in its inaugural issue in 1977 and has another one forthcoming in 2024? Hard to fathom but has published at least one paper in our top journal in every decade of its existence. Izak has been doing IS scholarship for almost fifty years, which makes him the perfect researcher to talk to about how the field has changed, where it is going, whether we are progressing well, and whether we maintain the optimal balance between social and technical, internal and external views of IS phenomena in our research. References Benbasat, I., & Schroeder, R. G. (1977). An Experimental Investigation of Some MIS Design Variables. MIS Quarterly, 1(1), 37-49. Jussupow, E., Benbasat, I., & Heinzl, A. (2024). An Integrative Perspective on Algorithm Aversion and Appreciation in Decision-Making. MIS Quarterly, . Benbasat, I., & Zmud, R. W. (2003). The Identity Crisis Within The IS Discipline: Defining and Communicating The Discipline's Core Properties. MIS Quarterly, 27(2), 183-194. Gregor, S., & Benbasat, I. (1999). Explanations from Intelligent Systems: Theoretical Foundations and Implications for Practice. MIS Quarterly, 23(4), 497-530. Berente, N., Gu, B., Recker, J., & Santhanam, R. (2021). Managing Artificial Intelligence. MIS Quarterly, 45(3), 1433-1450. Lyytinen, K., & King, J. L. (2004). Nothing At The Center? Academic Legitimacy in the Information Systems Field. Journal of the Association for Information Systems, 5(6), 220-246. Sarker, S., Chatterjee, S., Xiao, X., & Elbanna, A. R. (2019). The Sociotechnical Axis of Cohesion for the IS Discipline: Its Historical Legacy and its Continued Relevance. MIS Quarterly, 43(3), 695-719. Wand, Y., & Weber, R. (1995). On the Deep Structure of Information Systems. Information Systems Journal, 5(3), 203-223. Banville, C., & Landry, M. (1989). Can the Field of MIS be Disciplined? Communications of the ACM, 32(1), 48-60. Benbasat, I., & Wang, W. (2005). Trust In and Adoption of Online Recommendation Agents. Journal of the Association for Information Systems, 6(3), 72-101. Benbasat, I., & Barki, H. (2007). Quo Vadis TAM? Journal of the Association for Information Systems, 8(4), 211-218. Toulmin, S. E. (1958). The Uses of Argument. Cambridge University Press. Kim, D., & Benbasat, I. (2006). The Effects of Trust-Assuring Arguments on Consumer Trust in Internet Stores: Application of Toulmin's Model of Argumentation. Information Systems Research, 17(3), 286-300. Qiu, L., & Benbasat, I. (2009). Evaluating Anthropomorphic Product Recommendation Agents: A Social Relationship Perspective to Designing Information Systems. Journal of Management Information Systems, 25(4), 145-182. Applegate, L., & King, J. L. (1999). Rigor and Relevance: Careers on the Line. MIS Quarterly, 23(1), 17-18. Mason, R. O., Mason, F. M., & Culnan, M. J. (1995). Ethics of Information Management. Sage. Mason, R. O. (2022). On the Evolution to PAPA. Communications of the Association for Information Systems, 51(2), 7-22. Keen, P. G. W., & Scott Morton, M. S. (1978). Decision Support Systems: An Organizational Perspective. Addison-Wesley. Davis, G. B. (1974). Management Information Systems: Conceptual Foundations, Structure and Development. McGraw-Hill. Alaimo, C., & Kallinikos, J. (2024). Data Rules: Reinventing the Market Economy. MIT Press. Burton-Jones, A., Butler, B. S., Scott, S. V., & Xu, S. X. (2021). Next-Generation Information Systems Theorizing: A Call to Action. MIS Quarterly, 45(1), 301-314. Leidner, D. E., & Tona, O. (2021). The CARE Theory of Dignity Amid Personal Data Digitalization. MIS Quarterly, 45(1), 343-370. Parker, G., Van Alstyne, M., & Jiang, X. (2017). Platform Ecosystems: How Developers Invert the Firm. MIS Quarterly, 41(1), 255-266. Pujol Priego, L., & Wareham, J. (2023). From Bits to Atoms: White Rabbit at CERN. MIS Quarterly, 47(2), 639-668. Yoo, Y., Henfridsson, O., & Lyytinen, K. (2010). The New Organizing Logic of Digital Innovation: An Agenda for Information Systems Research. Information Systems Research, 21(4), 724-735. Moore, G. C., & Benbasat, I. (1991). Development of an Instrument to Measure the Perceptions of Adopting an Information Technology Innovation. Information Systems Research, 2(3), 192-222. 

How is data transforming how today's organizations operate? What are the most critical components of effective data governance? What emerging technologies or trends should public sector leaders anticipate in a data-driven landscape? Join host Michael J. Keegan as he explores these questions and more with Cristina Alaimo co-author of Data Rules: Reinventing the Market Economy. […]

How is data transforming how today's organizations operate? What are the most critical components of effective data governance? What emerging technologies or trends should public sector leaders anticipate in a data-driven landscape? Join host Michael J. Keegan as he explores these questions and more with Cristina Alaimo co-author of Data Rules: Reinventing the Market Economy. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How is data transforming how today's organizations operate? What are the most critical components of effective data governance? What emerging technologies or trends should public sector leaders anticipate in a data-driven landscape? Join host Michael J. Keegan as he explores these questions and more with Cristina Alaimo co-author of Data Rules: Reinventing the Market Economy. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Join America's Roundtable (https://americasrt.com/) radio co-host and economist Natasha Srdoc with Dr. Arthur Laffer, also known as “The Father of Supply Side Economics” in a discussion about Ronald Reagan's economic and tax policy, US economic growth of 12% during Reagan, flat tax revolution in Eastern Europe, a proper interpretation of the US debt, deficits and government spending, balancing of the budget and transfer theorem. Dr. Laffer's career has been marked by experience and success in business, in public policy, and as an academic economist and professor. During the 1970s, Dr. Laffer was a consultant to Secretaries of the Treasury George Shultz and William Simon and Chief of Staff and Secretary of Defense Donald Rumsfeld. He was the first to hold the title of Chief Economist at the Office of Management and Budget under Secretary of the Treasury George Shultz in the early 1970s. Dr. Laffer was a member of President Reagan's Economic Policy Advisory Board for both of his two terms (1981-1989). He also advised Prime Minister Margaret Thatcher on fiscal policy in the U.K. during the 1980s. Dr. Laffer's economic acumen and influence in triggering a world-wide tax-cutting movement in the 1980s have earned him the distinction in many publications as “The Father of Supply-Side Economics.” His Laffer Curve is one of the main theoretical constructs of supply-side economics. Dr. Laffer was an economic advisor to Donald Trump's 2016 presidential campaign. In 2019, President Trump awarded DR. Laffer with the Presidential Medal of Freedom for his contributions in the field of economics. He has received numerous awards and recognition for his economic work and authored a number of books, including the End of Prosperity: How Higher Taxes Will Doom the Economy—If We Let it Happen, and most recently Return to Prosperity and Trumponomics. Dr. Laffer currently lives in Nashville, Tennessee where he is the founder and chairman of Laffer Associates, an institutional economic research and consulting firm. americasrt.com (https://americasrt.com/) https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 Twitter: @LafferCenter @ileaderssummit @NatashaSrdoc @JoelAnandUSA @supertalk America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable (https://americasrt.com/) radio program - a strategic initiative of International Leaders Summit, focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 65 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm

Join America's Roundtable (https://americasrt.com/) radio co-host and economist Natasha Srdoc with Dr. Arthur Laffer, also known as “The Father of Supply Side Economics” in their conversation about industrial policy in America today, Kamala Harris's proposal of price controls, smart regulation, energy independence during Trump Presidency, incentives, requiring price transparency for medical services, offseting carbon tax with a reduction of other taxes, tariffs and international trade. Dr. Laffer's career has been marked by experience and success in business, in public policy, and as an academic economist and professor. During the 1970s, Dr. Laffer was a consultant to Secretaries of the Treasury George Shultz and William Simon and Chief of Staff and Secretary of Defense Donald Rumsfeld. He was the first to hold the title of Chief Economist at the Office of Management and Budget under Secretary of the Treasury George Shultz in the early 1970s. Dr. Laffer was a member of President Reagan's Economic Policy Advisory Board for both of his two terms (1981-1989). He also advised Prime Minister Margaret Thatcher on fiscal policy in the U.K. during the 1980s. Dr. Laffer's economic acumen and influence in triggering a world-wide tax-cutting movement in the 1980s have earned him the distinction in many publications as “The Father of Supply-Side Economics.” His Laffer Curve is one of the main theoretical constructs of supply-side economics. Dr. Laffer was an economic advisor to Donald Trump's 2016 presidential campaign. In 2019, President Trump awarded DR. Laffer with the Presidential Medal of Freedom for his contributions in the field of economics. He has received numerous awards and recognition for his economic work and authored a number of books, including the End of Prosperity: How Higher Taxes Will Doom the Economy—If We Let it Happen, and most recently Return to Prosperity and Trumponomics. Dr. Laffer currently lives in Nashville, Tennessee where he is the founder and chairman of Laffer Associates, an institutional economic research and consulting firm. americasrt.com (https://americasrt.com/) https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 Twitter: @LafferCenter @ileaderssummit @NatashaSrdoc @JoelAnandUSA @supertalk America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable (https://americasrt.com/) radio program - a strategic initiative of International Leaders Summit, focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 65 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm

Join America's Roundtable (https://americasrt.com/) radio co-host and economist Natasha Srdoc with Dr. Arthur Laffer, also known as “The Father of Supply Side Economics.” Dr. Laffer's career has been marked by experience and success in business, in public policy, and as an academic economist and professor. During the 1970s, Dr. Laffer was a consultant to Secretaries of the Treasury George Shultz and William Simon and Chief of Staff and Secretary of Defense Donald Rumsfeld. He was the first to hold the title of Chief Economist at the Office of Management and Budget under Secretary of the Treasury George Shultz in the early 1970s. Dr. Laffer was a member of President Reagan's Economic Policy Advisory Board for both of his two terms (1981-1989). He also advised Prime Minister Margaret Thatcher on fiscal policy in the U.K. during the 1980s. Dr. Laffer's economic acumen and influence in triggering a world-wide tax-cutting movement in the 1980s have earned him the distinction in many publications as “The Father of Supply-Side Economics.” His Laffer Curve is one of the main theoretical constructs of supply-side economics. Dr. Laffer was an economic advisor to Donald Trump's 2016 presidential campaign. In 2019, President Trump awarded DR. Laffer with the Presidential Medal of Freedom for his contributions in the field of economics. He has received numerous awards and recognition for his economic work and authored a number of books, including the End of Prosperity: How Higher Taxes Will Doom the Economy—If We Let it Happen, and most recently Return to Prosperity and Trumponomics. Dr. Laffer currently lives in Nashville, Tennessee where he is the founder and chairman of Laffer Associates, an institutional economic research and consulting firm. americasrt.com (https://americasrt.com/) https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 Twitter: @LafferCenter @ileaderssummit @NatashaSrdoc @JoelAnandUSA @supertalk America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable (https://americasrt.com/) radio program - a strategic initiative of International Leaders Summit, focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 65 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm

Dr. Christine B. Whelan is an author, professor, speaker, and thought leader guiding organizations like the DeBruce Foundation and AARP's Life Reimagined on self-improvement strategies. She is the best-selling author of the ten-lesson series Finding Your Purpose and five additional books, including The Big Picture and Generation WTF. As a Clinical Professor at the University of Wisconsin-Madison's School of Human Ecology, Dr. Whelan teaches classes on happiness, finance, and family and directs the MORE: Money, Relationships & Equality program.  In this episode… We're often told that money can't buy happiness, yet companies market products to target our basic needs and desires. This consumption-driven economy teaches us that we can choose how to expend our resources to fulfill our innate purpose. How can business owners identify their purpose to allocate resources toward a meaningful outcome? When surveyed on happiness levels, Americans often rank themselves lower than people from other countries, holding themselves to an unrealistic standard of happiness based on the false perception of others. Human ecology researcher Dr. Christine B. Whelan maintains that your journey to happiness and fulfillment should depend solely on your personal and professional core values, which determine your ultimate purpose. To identify these values, you can engage in a purpose statement exercise that involves identifying your unique strengths and leveraging them to make a positive impact personally and professionally. Accordingly, each action and decision should align with your core values and propel you toward your ultimate goal. Tune in to this episode of the Up Arrow Podcast as William Harris chats with Dr. Christine B. Whelan about harnessing your purpose to achieve authentic happiness in a consumption-driven economy. Dr. Whelan talks about the etymology of thrifting, the benefits of purposeful living, and how to balance your personal and professional endeavors. 

The labor market continues to soften The Job Openings and Labor Turnover Survey (JOLTs) showed job openings continued to fall across the country in the month of July. It was reported that available positions fell to 7.67 million in the month, which 237,000 lower than June's downwardly revised number and well below the estimate of 8.1 million. While this marked the lowest level since January 2021, there were still close to 1.1 job openings per available worker. I do believe we still have some room left for normalization before these declines in job openings becomes problematic. This news also caused the relationship between the 10- and 2-year Treasury yield to uninvert for the first time since June 2022. Generally long-term rates are higher than short term rates and I believe we will see the yield curve continue to steepen as the Fed cuts rates. While the curve usually reverts before a recession hits, I still believe we aren't heading towards a problematic recession in the coming months. The labor market is definitely slowing Nonfarm payrolls increased by 142,000 in the month of August, which was up from 89,000 in July, but below the estimate of 161,000. Both June and July also saw downward revisions, which totaled a substantial 86,000. Leisure and hospitality (+46K), healthcare and social assistance (+44.1K), construction (+34K), and government (+24K) led the way for job gains in the month. Manufacturing (-24K), retail trade (-11.1K), information (-7K), and utilities (-200) all subtracted jobs from the headline number. I was also surprised to see professional and business services only create 8K jobs in the month and I believe that is a good indicator that the economy is definitely in a slowdown. While the numbers don't look great, I still believe there is no cause for major concern at this point. With an unemployment rate of 4.2% and the major gains we saw coming out of Covid, it was unlikely we'd see that type of labor market continue. I still believe it's possible we see a soft landing, but in that scenario, you wouldn't see major payroll gains every month and the prints would likely be more muted and even softer than the readings we have seen the last few months. My expectation is for the Fed to cut rates by 0.25% at the September meeting followed by cuts of 0.25% at both the November and December meetings. The economy is getting back to normal It may feel like the economy is weak, but I believe that is because we are comparing it to an excessive economy that had too much money floating around and people spending it pretty much on anything they wanted while not caring about how much they paid. Now that extra cash is gone and we're back to normal. That might feel uncomfortable for some people as they now can't spend so easily on things like luxury items. Proof of this can be seen in the used luxury watch market which was very hot, but has now seen prices fall over the last 9 quarters because the demand is gone. I don't care if you're buying stocks, homes, or luxury items, if you overpay during the hype, you'll probably end up losing money down the road. I believe it's always best to buy things on sale, even if that means being patient for a few years. There's a lot of talk about company's price gouging, but the numbers tell a different story! There is no doubt that with inflation, prices for many items have increased over the last five years. But are businesses taking advantage of these higher prices to increase their profit margins? Looking at just the companies in the S&P 500, the average price markup between the selling price and the cost is 54%. That compares to 51% five years ago. According to research from financial company Bloomberg, they say the grocery business markup is actually down from five years ago and when looking at the average profit margins for grocery stores, it is now 0.3% lower than five years ago. You may not like the information because we want to blame somebody for paying higher prices, but based on these numbers companies are not price gouging. We do believe every business has a right to make a decent profit for being in business, but the free market and competition should eliminate price gauging and keep the market balanced. How the Time Value of Money Impacts Roth Conversions When you do a Roth conversion, the amount you convert into a Roth account is taxable when you do it. First, this means you are paying taxes now that you didn't need to.  Second, the question people have is, “If I don't pay that tax now and instead got to keep those dollars invested, what would that grow to and does that offset the benefit of doing the conversion?”  In other words, is having extra tax-free money in the future worth paying taxes now when considering the time value of money? Time value of money is the concept that dollars today are more valuable than dollars in the future because dollars today may be invested and grow over time while dollars in the future are worth less due to inflation.  This is an extremely important concept and needs to be considered when making almost all financial decisions from Social Security to paying debt to investing in general. However, when it comes to Roth conversions this should not be considered.  For example, let's consider someone making a $50,000 Roth conversion who is in the 20% bracket and will be for the rest of their life.  On that conversion they will owe $10,000 in taxes (20%) meaning the remaining $40,000 makes it into the Roth account.  Money in a pre-tax account and a Roth may be invested exactly the same so we'll assume an 8% compounded return.  After 10 years, the $40,000 in the Roth grows to $86,357, which is all tax free.  The question though is what would that $10,000 have grown to if it didn't have to be paid 10 years prior?  Well, if no conversion was done, all $50,000 would have remained in a pre-tax account growing at the same 8%, so after 10 years it would be worth $107,946.25, obviously more than the $86,357 in a Roth.  However, that $107k has not yet been taxed so if accessing it still costs the same 20% tax that would be $21,589.25, meaning the after-tax amount is… $86,357 or the exact same as we would have in the Roth.  What this means from a time value of money perspective is, since pre-tax and Roth accounts may have identical investments and returns, the present value of the tax on the conversion is the same as the future value of the tax if there is no conversion, assuming the tax rate is the same. In our example the future value of $10,000 is $21,589.25 assuming an 8% return over 10 years, which is true. Therefore, when considering a Roth conversion, it is not the time value of money that is relevant, but the tax rate during the conversion compared to the tax rate in the future.  In our example we assumed a consistent 20% tax rate which is not realistic.  Over time income levels and sources change as well as the tax rates themselves.  If Roth conversions are performed when the individual tax rate is lower than it will be when pre-tax retirement withdrawals are being taken, the conversion is helpful. For instance, if we think our retirement tax rate will be more than 20%, a conversion should be done now if it is 20%.   Companies Discussed: DraftKings Inc. (DKNG), Dollar General Corporation (DG) & Dell Technologies (DELL)

Today's conversation is a fascinating discussion on the nature of data with Jannis Kallinikos, professor of Information Systems at the London School of Economics. Jannis co-wrote the recently published book Data Rules: Reinventing the Market Economy, in which he and co-author Cristina Alaimo posit that data are a fluid cultural record, rather than a static statistical entity. He and Steve discuss the implications of this understanding of data for the security industry, from how it could change regulatory approaches to how we understand ourselves as humans in relation to data. Key Takeaways: 1. Kallinikos argues that data are not just statistical entities, but cultural entities that convey aspects of our world and reality. 2. Data are cultural records, not just statistical entities, and are fundamental to economic and social transformation. 2. Durbin and Kallinikos discuss concerns about data-driven perspectives reinforcing narrow worldviews. 3. Data regulation needs to reflect data's interactive and morphing nature and serves to protect society from greedy companies. 4. Kallinikos warns that politics has become instinct-based, with little time for reflection. Tune in to hear more about: 1. Data's role in society, economy, and transformation (0:00) 2. Data's impact on society, culture, and individual perspectives, with a focus on regulation and balance (7:10) 3. Data as a living entity, challenges for security professionals, and need for education (18:01) 4. Data's impact on society and politics, with a focus on education and government's role in protecting data (23:15) Standout Quotes: 1. “Data are cultural elements and not statistical entities. It makes a whole lot of difference. By cultural entities, we mean that they are records by which we represent our world. and we act upon the world. We use them to produce, we use them to interact, we use them to communicate. In this respect, data are cultural records, once again, and not statistical entities or entities like those ones that contemporary data science debates.“ - Jannis Kallinikos 2. “Think how many things we can do that were out of reach before these beasts and these technologies and the data we produce in the facilities that they prepare for us, how many things we can do that were not virtually possible before. So there is a positive side to it. But as you English say, there is no free lunch in life. And this applies here. We win a lot. But there are also important things that we lose.“ - Jannis Kallinikos 3. “But these are difficult discussions to have in politics. Because they require a little bit of reflection, a step back, a little bit of time. Politics, for good or bad, has become very instinct based over the last three or four decades. Instinct based, more to react, target, and produce reactions of a particular type that are mostly emotional or instinctual.“ - Jannis Kallinikos Mentioned in this episode: Times Higher Education: We need a social science of data by Cristina Alaimo and Jannis Kallinikos ISF Analyst Insight Podcast Read the transcript of this episode Subscribe to the ISF Podcast wherever you listen to podcasts Connect with us on LinkedIn and Twitter  From the Information Security Forum, the leading authority on cyber, information security, and risk management.

Valerie Vu, Founding Partner of Ansible Ventures, and Jeremy Au discussed: 1. New President Tô Lâm: The death and state-mandated mourning period for Vietnam's former Communist Party General Secretary Nguyen Phu Trong culminated in the swift elevation of Tô Lâm from the Ministry of Public Defense to President. This transition exhibited the controlled and planned nature of political leadership where political changes are orchestrated to ensure continuity and stability within the government. 2. Immediate China State Visit: Tô Lâm's chose his first official international visit to be China, where he and his delegation signed 16 key agreements spanning commerce and logistics. Vietnam's strategic "bamboo" diplomatic posture aims to strengthen ties with China amidst regional geopolitical tensions. The agreements also reflect a deepening of ties in areas critical to Vietnam's economic and infrastructural development. 3. USA Rejection "Non-Market Economy": The U.S. Commerce Department disappointed Hanoi by continuing to classify Vietnam as a non-market economy country subject to punitive anti-dumping duties. Only 12 other economies are labeled as non-market by Washington, including China, Russia, North Korea and Azerbaijan. This status hampers Vietnam's ability to absorb foreign direct investment and engage fully in international trade, especially with its largest trading partner, the U.S. They also discussed local cultural influences on business practices, regional infrastructure developments and the relocation of manufacturing from China and other countries to Vietnam. Watch, listen or read the full insight at https://www.bravesea.com/blog/vietnam-new-president2 Nonton, dengar atau baca wawasan lengkapnya di https://www.bravesea.com/vietnam-new-president2-id 观看、收听或阅读全文，请访问 https://www.bravesea.com/blog/vietnam-new-president2-cn Xem, nghe hoặc đọc toàn bộ thông tin chi tiết tại https://www.bravesea.com/blog/vietnam-new-president2-vn Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea English: Spotify | YouTube | Apple Podcasts Bahasa Indonesia: Spotify | YouTube | Apple Podcasts Chinese: Spotify | YouTube | Apple Podcasts Vietnamese: Spotify | YouTube | Apple Podcasts Join us at Geeks on a Beach! Use the code "BRAVESEA" for a 45% discount for the first 10 registrations, and 35% off for the next ones.

Grant Cardone is an American businessman, Equity Fund Manager ($4B Assets Under Management), Real Estate Investor, Business author and Founder of 10X Growth Conference, 10X Health System, Cardone Ventures & 10X Studios. Also author of seven best selling business books, creator of Cardone U online education and The 10X Growth Conferences (the largest business conference in the USA.)

A Victorian prison program is helping inmates prepare for life on the outside by setting them up with the skills and set routine to find careers in the dairy industry.

How is data transforming how today's organizations operate? What are the most critical components of effective data governance? What emerging technologies or trends should public sector leaders anticipate in a data-driven landscape? Join host Michael J. Keegan as he explores these questions and more with Cristina Alaimo co-author of Data Rules: Reinventing the Market Economy.  

How is data transforming how today's organizations operate? What are the most critical components of effective data governance? What emerging technologies or trends should public sector leaders anticipate in a data-driven landscape? Join host Michael J. Keegan as he explores these questions and more with Cristina Alaimo co-author of Data Rules: Reinventing the Market Economy.  Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week on episode 370, we interviewed Cristina Alaimo and Jannis Kalliniko, Co-authors of Data Rules: Reinventing the Market Economy, Charles Henderson, EVP of Cyber Security Services at Coalfire and Ron Miller, Enterprise Reporter at TechCrunch. Topics covered include:

As the US pushes for a TikTok ban and the EU leads the way in data privacy regulation, experts warn that overly restrictive policies might inadvertently stifle innovation and economic growth. But how do we strike the right balance? What role does data play in shaping our society? How do we categorize and classify the information we generate daily? And what challenges do policymakers face in regulating data?In this timely episode of "Explain to Shane," we dive into the critical intersection of data and society. Shane interviews Cristina Alaimo and Jannis Kallinikos, co-authors of DATA RULES: Reinventing the Market Economy. Cristina is an Assistant Professor in Digital Economy and Society at LUISS University, in Rome, Italy and Jannis is a Full Professor of Information Systems at LUISS Business School.

"Data Rules" is a book about data, but not just about big data crunching. A book about the relationship of data with economic institutions and society, but also about the interplay with data technologies by which data are being generated and processed. A book that is critical, but not ideological. This is how Jannis Kallinikos describes "Data Rules: Reinventing the Market Economy", a book co-authored by himself and Cristina Alaimo and recently published by The MIT Press. Jannis Kallinikos is Full Professor of Organization Studies and the CISCO Chair in Digital Transformation and Data Driven Innovation at LUISS University, Rome. This is where we met to talk about the key concepts in "Data Rules": Understanding data generation and useHow data is breaking boundariesPlatforms and choiceThe illusion of objectivityAlgorithms, agency and surveillanceFrom market and design rules to data rules Article published on Orchestrate all the Things: https://linkeddataorchestration.com/2024/07/01/data-rules-from-interoperability-to-commensurability/

Time to reflect a bit. After our conversations with three excellent but very different IS researchers, we sit down and ponder the lessons we learnt from the three previous podcasts with , , and . So did we learn anything? You betcha. We talk about the balancing humble scholarship with the need to popularize important new insights, the difference between rigor and importance of research, and the different career pathways in industry and academia. References Miranda, S. M., Berente, N., Seidel, S., Safadi, H., & Burton-Jones, A. (2022). Computationally Intensive Theory Construction: A Primer for Authors and Reviewers. MIS Quarterly, 46(2), i-xvi. Alaimo, C., & Kallinikos, J. (2024). Data Rules: Reinventing the Market Economy. MIT Press. Miranda, S. M., Wang, D., & Tian, C. (2022). Discursive Fields and the Diversity-Coherence Paradox: An Ecological Perspective on the Blockchain Community Discourse. MIS Quarterly, 46(3), 1421-1452. Miranda, S. M., Kim, I., & Summers, J. D. (2015). Jamming with Social Media: How Cognitive Structuring of Organizing Vision Facets Affects IT Innovation Diffusion. MIS Quarterly, 39(3), 591-614. Watson, R. T., Boudreau, M.-C., & Chen, A. J. (2010). Information Systems and Environmentally Sustainable Development:  Energy Informatics and New Directions for the IS Community. MIS Quarterly, 34(1), 23-38. Malhotra, A., Melville, N. P., & Watson, R. T. (2013). Spurring Impactful Research on Information Systems for Environmental Sustainability. MIS Quarterly, 37(4), 1265-1274. Sein, M. K., Henfridsson, O., Purao, S., Rossi, M., & Lindgren, R. (2011). Action Design Research. MIS Quarterly, 35(2), 37-56. Gregor, S., Chandra Kruse, L., & Seidel, S. (2020). The Anatomy of a Design Principle. Journal of the Association for Information Systems, 21(6), 1622-1652. Lukyanenko, R., Parsons, J., Wiersma, Y. F., & Maddah, M. (2019). Expecting the Unexpected: Effects of Data Collection Design Choices on the Quality of Crowdsourced User-generated Content. MIS Quarterly, 43(2), 623-647. Recker, J., Lukyanenko, R., Jabbari, M., Samuel, B. M., & Castellanos, A. (2021). From Representation to Mediation: A New Agenda for Conceptual Modeling Research in a Digital World. MIS Quarterly, 45(1), 269-300. Abbasi, A., Dobolyi, D., Vance, A., & Zahedi, F. M. (2021). The Phishing Funnel Model: A Design Artifact to Predict User Susceptibility to Phishing Websites. Information Systems Research, 32(2), 410-436. vom Brocke, J., Simons, A., Riemer, K., Niehaves, B., Plattfault, R., & Cleven, A. (2015). Standing on the Shoulders of Giants: Challenges and Recommendations of Literature Search in Information Systems Research. Communications of the Association for Information Systems, 37(9), 205-224.

The Financial Chick - Path To Graduation & Market/Economy Update 6-21-24 by JVC Broadcasting

Nobody every really stops to consider how marvelous the FREE MARKET is. Maybe it's too complicated for them or it just sounds like Charlie Brown's parents. I think this is because people equate it to money or capitalism, which are becoming bad words in our popular culture. But economy and free market are directly correlated to Western Civilization. You really don't have one without the other. Today we are going to go through Chapter 4 in Per Byland's book, "How to Think about the Economy a Primer". How to Think about the Economy, a Primer by Per Byland https://mises.org/library/book/how-think-about-economy-primer --- Send in a voice message: https://podcasters.spotify.com/pod/show/seth-martin0/message

John Lin, Associate Director of the Wilkes Center for Climate Science and Policy at the University of Utah, talks about the center and its Climate Solutions Launch Prize.Then, professors at LUISS University, Rome, Cristina Alaima and Jannis Kallinikos talk about the role that digital revolution plays in today's market economy and highlight their book “Data Rules: Reinventing the Market Economy.”

I have frequently described myself as most aligned with libertarian thought when it comes to my own politics. In terms of the economy, libertarians believe in the concept of a free market. Libertarians argue that a truly free market fosters prosperity, innovation, and individual liberty. But that doesn't really describe the American economy, does it? […] The post 427: A Libertarian Perspective on the Market Economy appeared first on Wealth Formula.

Dr. Gennady Kazakevich, an economist at Monash University, talks about important economic events and trends in Australia and the world. - Доктор Геннадий Казакевич, экономист из университета имени Монаша, рассказывает о важных экономических событиях и тенденциях в Австралии и мире.

On this episode, attorney and business consultant Daniel Satinsky shares about his new book, which tells the story of American participation in the dismantling of the Soviet economy and the creation of the Russian market economy in the 1990s. Creating the Post-Soviet Russian Market Economy: Through American Eyes is based on more than 100 interviews with citizen diplomats, entrepreneurs, bankers, consultants, and aid program administrators active in Russia in those years. The book chronicles the real-life experiences of these Americans as they participated in building new sectors of the post-Soviet Russian economy in finance, investment, stock trading, real estate, restaurants, public relations, law, and media (television, radio, newspapers, and movies) at a time of historically unprecedented collaboration and interaction between Russians and Americans. ABOUT THE GUEST Daniel Satinsky is an attorney, business consultant, and independent scholar. He first visited the USSR in 1984 and was active in business there and in Russia from 1990 to 2014. He is the co-author of "Hammer and Silicon: The Soviet Diaspora in the U.S. Innovation Economy" (2018). He is also former president of the board of the U.S.-Russia Chamber of Commerce of New England (1998-2014) and a Davis Center associate. He holds a master's degree from the Fletcher School of Law & Diplomacy and a JD from Northeastern University Law School. PRODUCER'S NOTE: This episode was recorded on February 16, 2024 via Zoom. If you have questions, comments, or would like to be a guest on the show, please email slavxradio@utexas.edu and we will be in touch! PRODUCTION CREDITS Host/Assistant EP: Misha Simanovskyy (@MSimanovskyy) Host/Supervising Producer: Nicholas Pierce Assistant Producer: Basil Fedun Associate Producer: Cullan Bendig (@cullanwithana) Associate Producer: Sergio Glajar Assistant Producer: Taylor Helmcamp Assistant Producer: Eliza Fisher Assistant Producer: Katherine Birch Social Media Manager: Faith VanVleet SlavX Editorial Director: Sam Parrish Main Theme by Charlie Harper and additional background music by kaleidoplasm, Holizna, Crowander, Blue Dot Sessions, Ketsa, Eazy) Executive Producer & Creator: Michelle Daniel (@MSDaniel) www.msdaniel.com DISCLAIMER: Texas Podcast Network is brought to you by The University of Texas at Austin. Podcasts are produced by faculty members and staffers at UT Austin who work with University Communications to craft content that adheres to journalistic best practices. The University of Texas at Austin offers these podcasts at no charge. Podcasts appearing on the network and this webpage represent the views of the hosts, not of The University of Texas at Austin. https://files.fireside.fm/file/fireside-uploads/images/9/9a59b135-7876-4254-b600-3839b3aa3ab1/P1EKcswq.png Special Guest: Daniel Satinsky.

Patrick Basham is a former adjunct scholar and senior fellow of the Cato Institute, and founding director of the Democracy Institute. His books including Gambling with Our Future, Sensible Solutions to the Urban Drug Problem, Environmentalism and the Market Economy, foretold all issues of today. We'll discuss our 2022 & 2024 Election, plus the changes in the UK and worldwide as “We the People” become vocal. www.DemocracyInstitute.org

Patrick Basham is a former adjunct scholar and senior fellow of the Cato Institute, and the founding Director (in 2006) of the Democracy Institute.[1] Basham was previously the founding director of the Social Affairs Centre at the Canadian Fraser Institute. He has published a umber of books and contributed articles to a range of major US and Brtitish newspapers His books include Gambling with Our Future, Sensible Solutions to the Urban Drug Problem, Enviromentalism and the Market Economy, and Diet Nation exposing the Obesity Crusade all foretell issues of today. We'll discuss our latest 2024 Election projections and the effect of the Robert Kennedy campaign as “We the People” become vocal. www.DemocracyInstitute.org

Should Vietnam still be treated as a non-market economy?  Commerce is considering it in a changed circumstances review on a raw honey Antidumping duty case. Listen for more on today's Two Minutes in Trade.  

Patrick Basham is a former adjunct scholar and senior fellow of the Cato Institute, and the founding Director (in 2006) of the Democracy Institute. Basham was previously the founding director of the Social Affairs Centre at the Canadian Fraser Institute. He has published a number of books and contributed articles to a range of major US and British newspapers His books include Gambling with Our Future, Sensible Solutions to the Urban Drug Problem, Enviromentalism and the Market Economy, and Diet Nation: exposing the Obesity Crusade all foretell issues of today. We'll discuss our latest 2024 Election projections and the effect of the Robert Kennedy campaign as “We the People” become vocal. www.DemocracyInstitute.org

Congress is probably going to send approximately $50 billion more, most of that for weapons, to continue the war in Ukraine. In November, high ranking officials from the State Department testified about how the Biden administration intends to use our money and why. In this episode, hear the highlights of their testimony and decide for yourself if you think their goals are worth sacrificing more American money and Ukrainian lives. Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via Support Congressional Dish via (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Background Sources Recommended Congressional Dish Episodes WTF is the World Trade System? Naomi Klein. Picador: 2008. Nicole Narea. October 13, 2023. Vox. Offshore Technology. Ukraine: How We Got Here Branko Marcetic. February 7, 2022. Jacobin. Stanley Reed and Andrew E. Kramer. November 5, 2013. The New York Times. Marieke Ploegmakers. February 5, 2012. All About Feed. Arseniy Yatsenyuk Official Website. Retrieved on December 16, 2023. Wikipedia: The Free Encyclopedia. The Ukraine War, by the Map Defence Intelligence, UK Ministry of Defense. December 15, 2023. GlobalSecurity.org. Visual Journalism Team. November 16, 2023. BBC News. Josh Holder. September 28, 2023. The New York Times. @war_mapper. December 31, 2022. GlobalSecurity.org. U.S. Support for Ukraine Karoun Demirjian. December 6, 2023. The New York Times. The IMF in Ukraine Oleksandra Betliy. May 5, 2023. Carnegie Endowment for International Peace. March 31, 2023. International Monetary Fund. Estelle Nilsson-Julien and Ilaria Federico. March 5, 2023. Euronews. December 21, 2022. International Monetary Fund. Diplomacy Connor Echols. December 1, 2023. Responsible Statecraft. Seymour Hersh. December 1, 2023. Seymour Hersh on Substack. Olena Roshchina. November 24, 2023. Ukrainska Pravda. The Toll of War Jonathan Landay. December 12, 2023. Reuters. John Mazerolle. December 8, 2023. CBC News. Inae Oh. November 8, 2023. Mother Jones. Oleg Sukhov. September 28, 2023. The Kyiv Independent. Israel-Palestine Ian Black. Narrated by Michael Page. Tantor Audio: 2018. Darryl Cooper. The Martyrmade Podcast. Audio Sources November 8, 2023 Senate Foreign Relations Committee Witnesses: , Assistant Secretary of State, European and Eurasian Affairs , Assistant Secretary of State, Energy Resources , Assistant Administrator, Europe and Eurasia, United States Agency for International Development (USAID) Clips 1:55 Sen. Ben Cardin (D-MD): The supplemental funding will strengthen governance and anti-corruption systems. It will improve the resilience of our economies and our energy supply. It will support efforts to come out of the other side of this. We're ready for Ukraine to join EU and also NATO. But this investment in Ukraine goes far beyond its borders. By degrading Russia's military capabilities, we're also degrading the capabilities of those who Russia works with, like Iran, Hamas, and Hezbollah. 10:30 Sen. Ben Cardin (D-MD): First Assistant Secretary of State for European and Eurasian Affairs James O'Brien. Assistant Secretary O'Brien assumed his role just last month after serving as sanctions coordinator at the State Department. He is a former career employee of the department receiving numerous performance awards and serve to previous US administration's as Special Presidential Envoy for hostages and for the Balkans. 11:00 Sen. Ben Cardin (D-MD): The next will be Assistant Secretary for Energy Resources, Jeffrey R. Pyatt. No stranger to this committee, career diplomat Assistant Secretary Pyatt has been in his current role since September 2022. He served as US Ambassador to Greece and Ukraine. He has held numerous leadership positions through out the department and has won numerous awards. 11:25 Sen. Ben Cardin (D-MD): And our third witness is Assistant Administrator Erin McKee, who serves as the Assistant Administrator in the Bureau of Europe and Eurasia at USAID. Prior to this position, she was the US Ambassador to Papua New Guinea and to the Solomon Islands. Prior to her Ambassador appointments, as a member of the Senior Foreign Service she served in numerous leadership roles throughout USAID and the embassies abroad. Before her US government career she developed private sector experience including throughout the former Soviet Union. 14:40 James O'Brien: This is around the Black Sea and Crimea. Ukraine has, through its own ingenuity and with weapons that have been provided, loosened Russia's grip. Russia tried to blockade the ability of Ukraine to export, but now Ukraine is starting to export more grain, more metals. And this is enabling it to pay for more of its war itself. So just a few numbers as we go through this. Ukraine is hoping to get about 8 million tons of grain and metals out through the Black Sea over the course of the next year. If it does that, it will provide about $5-6 billion more for its tax base than it has now. That helps to make up the shortfall that our supplemental will cover for the meantime. But it also then provides the employment for millions of its citizens to work within Ukraine. Now, that is a path to victory where we help Ukraine by providing assistance to have its energy grid strengthened, air defense over its employment centers, and the export routed needs so that it is able to fight this fight over the long term and to hold Russia off thereafter. 15:50 James O'Brien: The military assistance in the supplemental is about $45 billion. That goes to acquire American equipment that Ukraine will then use to pay for American service people to support Ukraine and to pay other countries to acquire American equipment after they provide equipment to Ukraine. 16:05 James O'Brien: The direct budget support that we provide to Ukraine enables Ukraine to put all of its tax dollars to support the war. Ukraine pays for about 60% of the costs of this war right now. The direct budget support pays for hundreds of thousands of educators, first responders, firefighters, and health care professionals to work within Ukraine. 16:55 James O'Brien: The next question is, who's with us? We have more than 40 countries. They provide much more assistance to Ukraine than we do. It's about $91 billion to our $70 billion so far. They've hosted 4.5 million Ukrainian refugees at a cost of around $18 billion. They are proposing another $50 billion in assistance just from the European Union. 17:30 James O'Brien: Right now, Ukrainians are willing to do this job because it's in their territory. If we abandon them, then somebody else is going to have to do this job later and it's likely to be us. So I'd rather confront Russia and its destabilizing attitudes right here, right now, and we can finish the job with the supplemental that we've proposed for your consideration. 18:45 Geoffrey R. Pyatt: For Ukraine, this coming winter promises to be even more challenging than the last. Ukraine's generation capacity has degraded about 50% since the start of the war. Ukrainian energy workers have labored day and night, often under fire, to repair, restore, and harden grid and generation facilities, often by cannibalizing parts from elsewhere. But most spare parts by now have been consumed, and Russia has recently resumed its bombardment of power plants and refineries, including just this morning in eastern Ukraine. 20:50 Geoffrey R. Pyatt: The World Bank has estimated that after last winter, Ukraine needed at least $411 billion to rebuild its infrastructure. That was eight months ago. Every day that number grows. Electricity grid damage alone amounted to $10 billion in 2022. Ukraine's economic future depends on investment by the private sector, and energy is key to unlocking that industrial recovery. 21:25 Geoffrey R. Pyatt: American energy companies like Halliburton, GE, and EQT have been active partners in this effort, providing vital equipment to Ukraine and actively exploring future commercial opportunities. We're working together to build a better future for and with Ukraine -- modern, cleaner, and with a more decentralized power sector that is fully integrated with Europe, even serving as a power exporter to the rest of the European Union. 22:10 Geoffrey R. Pyatt: After the full scale invasion, US LNG producers stepped up to surge supplies to Europe, as our allies turned away from Russia as an energy source. Since 2022, US exporters have supplied the EU with approximately 90 million tons of LNG -- three times as much as the next largest supplier. Last year, 70% of US LNG exports went to Europe. Europe's shift away from Russian energy has happened much faster than predicted, and marks a permanent shift in the International Energy map. 25:30 Erin McKee: In response to the immediate crisis, USAID has provided nearly $2 billion in humanitarian assistance to Ukraine since February of 2022. The generosity of the American people has supplied emergency health care, agriculture and energy support to Ukraine's most vulnerable populations. And thanks to the Congressional appropriations, USAID disbursed reliable, sustained direct budget support to the Ukrainian government, along with unprecedented levels of oversight. This enabled first responders, health care workers, teachers and others to continue their vital work and sustain Ukraine's economy and institutions while they defend their country's freedom and sovereignty. 26:10 Erin McKee: To respond to Russia's weaponization of hunger, USAID launched the Agriculture Resilience Initiative to keep farmers afloat. USAID also works very closely with the private sector to improve Ukraine's energy security and transform Ukraine's energy sector into a modern engine of growth. Side by side with our agriculture and energy efforts is USAID's support to small and medium enterprises, helping Ukraine increase jobs and generate revenue. 26:45 Erin McKee: At this time, there is no funding left for direct budget support. Without further appropriations, the government of Ukraine would need to use emergency measures such as printing money or not paying critical salaries, which could lead to hyperinflation and severely damage the war effort. USAID has also exhausted all of its supplemental humanitarian assistance funds. Additional funding is critical in the face of what remains an enormous need. If Congress does not approve supplemental funding, our partner organizations in Ukraine would have to either reduce the number of people getting this humanitarian assistance by up to 75% or suspend our humanitarian programs entirely. 27:30 Erin McKee: USAID also looks to the future to building resilient infrastructure and institutions that will support Ukraine's path towards European Union integration. For decades, USAID has buttressed Ukraine's progress towards transparent, inclusive and accountable governance. The United States continues to help Ukraine carry out judicial reform, institutionalized transparent financial systems, and respond to the people of Ukraine's zero tolerance for corruption. 33:15 Erin McKee: They have not skipped a beat in advancing the reform agenda. The EU report just came out this morning and both Ukraine and Moldova, and a variety of other countries, received support for continuing and opening chapters of recession talks. That's because our support to strengthening and deepening the institutions fighting corruption in Ukraine have received the top priority from the President. They had to pass and meet conditionality that we put on our direct budget support and did so without blinking. So while they're fighting a war and fighting for their survival, they are 100% dedicated to ensuring that the political economy model that they inherited during the Soviet Union is dismantled, which reflects the will of the Ukrainian people. 34:35 Geoffrey R. Pyatt: And one of the real success stories amid the tragedy of this war is that Europe has turned decisively away from its dependence, up until 2022, on Russian gas in particular. I see that as a permanent change in the landscape. It's reflected in the billions of dollars that European countries have invested in regasification facilities. It's reflected in the contracts that are being signed with American LNG producers. And it's also reflected in Europe's renewed and doubled commitment to accelerating the pace of its energy transition. So ironically, Putin's weaponization of his energy resource has induced Europe to break its vulnerability there and I think that is a permanent change in the landscape. That is also a positive benefit for American energy producers in our leadership on the energy transition. 35:55 Sen. James Risch (R-ID): I want to talk about the nuclear reactors we have in the United States, of which there are 95, give or take a few. Would you tell the committee, please, where does the fuel come from to operate these nuclear facilities? Geoffrey R. Pyatt: So, Ranking Member, about 20% of the fuel that operates our nuclear fleet here in the United States still comes from Russia. The President has included in his latest supplemental request for about $2.2 billion to help rebuild the nuclear enrichment capacity that we need here in the United States to end that dependency. And the administration has also stated its support for a ban on the import of Russian nuclear fuel. 43:30 Erin McKee: Right now Ukraine is able to spend all of their national budget in the fight. They are paying their soldiers salaries, they are dedicated to defeating Putin on the front lines. That means they don't have any resources to take care of their people and govern, which is as vital to keep up the unity of purpose and the resilience that we've seen from the Ukrainian people, because they're all in, both on the civilian and the military side. So the types of services that would be suspended are first responders who rush into the building and save lives, medical care to make sure that inoculations stay up so that the Ukrainian population stays healthy, particularly children's routine immunizations. We heard reports of polio outbreaks and some other concerns during the early days of the mass emigration of folks fleeing the conflict. We also are supporting teachers and continuing education so that they don't lose a generation as a result of Putin's attacks on civilians and civilian infrastructure so that the kids can stay in school, and that those families — Sen. Chris Coons (D-DE): Am I correct that the direct budget support requested gradually goes down over the next year, as the economy becomes more vibrant and we assess Ukraine is able to generate more revenue? Erin McKee: Correct. The direct budget support and their fiscal stability is also vital for the IMF program and other donors stepping in. Our leadership in this space -- and yes, we were first -- unlocked the other support that we've seen mobilized from the EU and other donors, as well as boosting the confidence in the multilaterals to be able to contribute to Ukraine's economic stability, which is as vital as winning the war. If their economy collapses, Putin will have won. 47:55 Sen. Rand Paul (R-KY): As Harvard's Graham Allison points out, if Putin is forced to choose between humiliating defeat on the one hand and escalating the level of destruction, there's every reason to believe he chooses the latter. There's a great deal of evidence that the war in Ukraine has come to a stalemate. Even Ukraine's Commander in Chief of the armed services has admitted as much. In Graham Allison's view, the Ukraine war has escalated far enough to see how bad things would become if we end up in a world where nuclear weapons are used. Allison believes that where we are now, both for Putin's Russia and for the Biden-led US and the Western alliance, it's time to search for an off ramp for all the parties. What is being done at the State Department to search for an off ramp. James O'Brien: Thank you, Senator. A few points. I mean, I can speak to the foreign policy implications. My belief is if we don't stand with Ukraine now, we'll be spending much more on defense in the future. Much of this supplemental goes to reinvest in the United States, so far from rot and ruin, we're actually shoring up the foundations in our energy sector as Assistant Secretary Pyatt — Sen. Rand Paul (R-KY): So your argument is that war and funding war around the world is good for our armaments industry. James O'Brien: I'm saying this supplemental is good for our economy — Sen. Rand Paul (R-KY): For the armaments industry. So really, it's a justification of war. To me, that's sort of reprehensible -- and this is coming from my side as well -- the idea that "Oh, glory be, the war's really not that bad. Broken windows are not that bad, because we pay people to fix them. Broken countries are not so bad, because hey, look, the armaments industry is gonna get billions of dollars out of this." I think that's a terrible argument. I wish y'all would go back to your freedom arguments or something. But the idea that you're going to enrich the armaments manufacturers, I think is reprehensible. James O'Brien: Well, Senator, I'm not making the argument war is good. I'm making the argument, in this case, war is necessary. Sen. Rand Paul (R-KY): And that we can make a little profit on the side. It's not so bad since the armaments guys who make a lot of profit on this, right. James O'Brien: Senator, I think you're proposing a kind of false choice that Ieither have to say that or say nothing. What I'm saying is that our economy rests on a foundation of innovation. And in the supplemental, we're investing in our energy sector — Sen. Rand Paul (R-KY): But the money is borrowed. We're borrowing the money. We don't have it. We don't have a pot of money. So what you're arguing is, in essence, that we borrow the money from China, we send it to Ukraine, Ukraine, sends it back to buy arms from us, and that's a win-win. How do we win when we're borrowing money to pay people. See this is this false sort of argument that "oh, look, we'll create five jobs for every dollar we spend," but we're borrowing the money. It doesn't make any sense. It's coming from somewhere where it would be a productive use, into the use of basically fomenting a war and continuing on a war. James O'Brien: No, that's not the choice in front of us, Senator. And I'm sorry that you feel that that's the way you want to frame it. The choice in front of us is do we invest in the capacities that allow this war to be won? Those include capacities in energy, in defense, in IT, and they include — Sen. Rand Paul (R-KY): Let's get away from funding the armaments people. You know, I'm not for that. But the original question is, what are you doing to develop an off ramp? You know, when I listen to your presentations, it sounds like the Department of War, I don't hear the Department of diplomacy in front of me. Where are the diplomats? Is anybody talking about negotiation? Do you really believe that Ukraine is gonna push Russia out of out of Ukraine, they're gonna push them out of Crimea, push them out of the East, and that Zelenskyy's is position, "we will not negotiate till they're gone from Ukraine," is viable? And that there's not going to have to be some negotiation beforehand? If you believe that, though, the meat grinder continues and Ukraine will be in utter destruction and tens of thousands more people will die if there is no negotiation. You would think that as a superpower, we would be involved somewhat with encouraging negotiation. But I've heard nothing from you, and nothing from anyone in your administration, frankly, that talks about negotiating. James O'Brien: Well, Senator, then I hope you would sit down and talk with me about what we're doing in this regard. Here, I'll give you a little sense of it. All wars end with a negotiation. We've made clear we'll do that with Ukraine, not over Ukraine's head. It takes two parties to negotiate the end of a war. President Putin is not serious about negotiating the end of the war. He has said he wants to wait and see what happens in November 2024. We're preparing for that eventuality so we can have a negotiation that will actually stick as opposed to the track record of broken agreements that President Putin has made with a whole range of his neighbors up until now. So that's successful diplomacy, not mere diplomacy. Sen. Rand Paul (R-KY): There are actually some who say we're back to about where we started as far as negotiating and tens of thousands of people have died on both sides, and we haven't been successful. But I still hear only war and I don't hear diplomacy. James O'Brien: No but I think what we're looking at is successful diplomacy. I just spent last weekend with 66 countries talking about the basis of a successful peace in Ukraine. Russia didn't show up. That, again, is the problem. You don't have a willing partner on the other side, so simply saying that there must be talks is -- you're asking for a monologue, not diplomacy. 55:00 Sen. Jeff Merkley (D-OR): You know, I'm really struck by the parallel to the journey of Chamberlain to Munich to say, "Okay, Hitler, you can take a third of Czechoslovakia" and then he declared peace in our time, under the assumption that somehow this would not whet Hitler's appetite. Did Chamberlain's strategy work? James O'Brien: No. Sen. Jeff Merkley (D-OR): Will this strategy now, of us bailing on Ukraine to appease Putin, work? James O'Brien: No, it'll invite more aggression. 1:01:40 Sen. Pete Ricketts (R-NE): Do you think we should condition US aid to prevent US tax dollars from supporting PRC-owned or controlled entities from providing the reconstruction? James O'Brien: Senator, we do. That's why it's so important to have the supplemental so that we remain in the game and can set the conditions that make it impossible for opaque, illegitimate contractors like the Chinese to enter. And I know my colleagues can speak at some length about how in energy, telecomms, and other sectors we do exactly that. But if we're not there, then we can't we can't provide the guarantees you want. 1:05:35 James O'Brien: There are about $2.2 billion to go to both the energy supply and to the economic activity that's needed for Ukraine to begin to repair its access to the outside world. That's also important to us. When Russia invaded Ukraine, grain prices went up six times in many places around the world, because Ukraine is an incredibly important part of the global grain trade. The work that AID does to help Ukrainian farmers get their products to market, in the supplemental, the $100 million that is for demining will help farmers get their product to market. All of that directly benefits the markets in which our consumers are a part. So if we do all that, if we can get them to about pre-war export levels, that's an extra $6 billion a year in tax revenue just from the exports, as well as what the industries pay and what happens around the society. Now, Secretary Pritzker, and she should come and testify this herself, she's doing an outstanding job at building a strategy that lets us focus our efforts in key places, so that Ukraine's economy will begin to work and contribute to the global economy, even while this war is going on. All of that works together to make sure that Ukraine can succeed and has the leverage needed when we get to a negotiation, as Senator Paul wants. 1:13:55 Geoffrey R. Pyatt: So I would point out that the greatest threat to the energy grid today are the Shahed drones, which Russia is now beginning to industrialize the production of those. We can talk about that in a classified setting, but there is a direct Iran-Russia nexus in the attacks on Ukraine's energy system. 1:24:10 Geoffrey R. Pyatt: We are working as hard as we can to accelerate that trend. We do that through two mechanisms. One is by accelerating our energy transition, both here in the United States, but also globally, as the Biden administration has done through the Inflation Reduction Act to reduce the dependence on fossil fuels. But the other aspect of this is what we are doing systematically to reduce Russia's future energy revenue. Just last week, for instance, we leveled new sanctions against a project in the in the Arctic, Arctic LNG 2, which is Novatek's flagship LNG project, which Novatek set in motion with the aspiration of developing Russia as the largest LNG exporter in the world. Our objective is to kill that project, and we're doing that through our sanctions, working with our partners in the G7 and beyond. 1:26:00 James O'Brien: Russia is losing its lucrative markets. That's what got it rich enough to afford this war. It's losing out in the sectors of innovation that are going to drive economic development in the future. So we look at this and say, "Does it put pressure on Putin to get to the table?" Well, yes, it does. It's going to take a little time. He started the war with 640 billion in a rainy day fund. By the start of this year, despite record profits last year, he was down around 580, we immobilized 300 of that, and he spent down further from there. So that gives them a year, two years maybe, of run room on that rainy day fund that all came from selling oil and gas. So that's gone. The second thing is that we don't see Russia able to play in the sectors that are going to drive innovation and economic growth in the future. The areas of quantum mechanics, artificial intelligence, the energy transition, including the new nuclear technologies that are coming on board, and Senator Risch, your work on this I really appreciate, because Russia entangled countries in these long term networks of corruption, with generation-long Rosatom contracts. We're now competing for those again, and taking those sectors away from Russia. That changes the long term prospect from what it was. The result of all this is we anticipate that Russia's GDP is going to be at least 20% smaller by 2030 than it would be if Putin had not started this war. So it's a long term strategic loss for him, and it creates a great opportunity for us in a number of important sectors. 1:35:30 Sen. Marco Rubio (R-FL): I understand, and this is not critical. I agree that we can't allow borders to be changed unilaterally and we have to stand with our allies. I'm not diminishing any of those things. But those arguments are too vague. They make sense here, but I'm just telling you they're too vague. This notion that we need to do whatever it takes for however long it takes, is also misguided. Not because that's not necessarily what we need to do, but because that's not going to be enough for people who are asking these questions. I would just say if you had an opportunity, any of you three, or all you three to talk to someone, say someone that came up to me a week ago and said, "Why are we still putting all this money in Ukraine. I hate Putin, I hate what he's done, but we've got all these other things domestically and in other parts of the world that are more important, including China, and now what's happening in the Middle East. How are we going to be spending $60 billion every six months? For how long? Given the debt that we already have?" What would you say to them? And how would you explain to them that this fits into their national interest in that perspective I've just outlined? James O'Brien: That's really well framed, Senator, so I'll do my best here. I think the first thing I'd say is you got to shore up your own base. If we're going to confront China over the next decades, it's 1.4 billion people, that's looking to write the rules that the world economy will run on. We go at them with a coalition of 50-odd countries, Europe is about 600-700 million of that, we're 350 million. With that already, we're set to compete really effectively. Ukraine, though, is a challenge by Putin trying to fray that foundation. So we have to shore that up if we're going to have the heft to compete with China over time. The battle over Ukraine also allows us to reinvigorate our own industrial base, we're creating new energy technologies and putting them in place around the world. We're building new defense technologies, the work that's being done in IT, all of that's included in this supplemental, and that's going to make us better able to defend Taiwan, to work in the South China Sea, than we have otherwise. The final point I'd make is, this is the wrong time to walk away because Ukraine's winning. It's already taken back half the territory Putin seized since February 2022. It opened up the Black Sea grain lanes that Putin tried to shut down in July, did that mostly with its own creativity around a whole set of interesting drones and other technologies that are going to contribute to our security as Ukraine gets closer to NATO. So those are all reasons you don't walk away when you're partway through the job. 1:41:10 Geoffrey R. Pyatt: Ukraine is not a charity case. In economic and development terms, it's an opportunity. Developing that opportunity depends on restoring a level of peace. But as we look to the future, you're going to have a Europe which has decoupled from Russian energy supplies, which means that there's a hole of about 130 BCM per year in energy supply that Europe is going to have to fill. Over the short term, some of that is American LNG, but that's a very expensive option. Ukraine has fantastic resources on wind, on solar, on biomass. It has Europe's second largest civil nuclear industry. It has developed and has demonstrated an extraordinary technological acuity. Just look at how clever Ukrainian soldiers have been in the application of drone technology. These are all the skill sets that Ukraine will need to prosper as a member of the European Union. My colleague, Assistant Administrator McKee, referred to the statement which European President Vanderlaan delivered today welcoming the significant progress that Ukraine has made on its reforms, and her and the Commission's determination to move ahead with Ukraine's accession to the European Union. And I would say as somebody who served as an American ambassador in the EU for six years, what Ukraine represents is a demographically young population, a population which is fantastically committed to the values of the European Union. Ukraine is the only place in the world where people have fought and died under the flag of the EU for the values that are represented in the European constitutions. So I think these are the investments in the leadership that Secretary Pritzker is providing to help our companies and companies around the world begin to make plans for the day after and to work with Ukrainians to keep pushing forward the reforms, which are fundamental to creating the environment where American energy companies, renewable energy companies can come into Ukraine, where we can use Ukraine to help to fill the huge challenges that our global supply chain faces. In the Soviet Union, Ukraine was the center of Soviet metallurgy, the center of Soviet petrochemicals industries, all of those latent skills are still there. You talked about nuclear, Ukraine has a company in Kharkiv, Turboatom, which is one of the few facilities in all of Europe that has the industrial capacity to produce the large steel enclosures that are part of building modern nuclear reactors. So I applaud your focus on this and I know I speak for all three of us and how systematically we're focused on trying to lay the foundation for that better future that the Ukrainian people so richly deserve. 1:53:55 James O'Brien: Ukraine has won back 50% of the territory Russia took since February of 2022. The second piece that's important: Putin is playing a waiting game, like many Muscovite rulers before him. So it's difficult to get a decisive battle. So what we need is what's in the supplemental that has the ability to fight this fight over some time, and we do see real success. So in the Black Sea, Russia attempted to stop Ukraine from exporting. In July, exports were down 2-2.5 million tons; they're already more than doubled, and expect to see them go up substantially more. That's because of what Ukraine has done with its technology and its new weapons systems, more of which would be provided by the supplemental. February 4, 2014 On Demand News on YouTube Speakers: Victoria Nuland, Assistant Secretary of State for European and Eurasian Affairs, 2013-2017 Geoffrey Pyatt, United States Ambassador to Ukraine, 2013-2016 Clips Victoria Nuland: Good. So I don't think Klitsch [Vitali Klitschko] should go into the government. I don't think it's necessary, I don't think it's a good idea. Geoffrey Pyatt: Yeah, I mean I guess, in terms of him not going into the government, just sort of letting him stay out and do his political homework and stuff. I'm just thinking in terms of, sort of, the process moving ahead, we want to keep the moderate Democrats together. The problem is going to be Tyahnybok and his guys and I'm sure that's part of what Yanukovych is calculating on all this. Victoria Nuland: I think Yatz [Arseniy Yatsenyuk] is the guy with the economic experience, the governing experience. He's the guy. What he needs is Klitsch [Vitali Klitschko] And Tyahnybok On the outside, he needs to be talking to them four times a week. You know, I just think Klitsch [Vitali Klitschko] Going in he's going to be at that level working for Yatsenyuk it's just not gonna work. Geoffrey Pyatt: We want to get someone out here with an international personality to come out here and help to midwife this thing. And then the other issue is some kind of outreach to Yanukovych. We'll probably regroup on that tomorrow as we see how things fall into place. Victoria Nuland: So on that piece, Jeff, I wrote the note, Sullivan's come back to me saying “you need Biden,” and I said probably tomorrow for an attaboy and get the deets to stick, Biden's willing. Geoffrey Pyatt: Great. December 19, 2013 The Atlantic Council Speaker: John McCain, U.S. Senator from Arizona, 1987-2018 Clips 16:45 Sen. John McCain: If Ukraine's political crisis persists or deepens, which is a real possibility, we must support creative Ukrainian efforts to resolve it. Senator Murphy and I heard a few such ideas last weekend—from holding early elections, as the opposition is now demanding, to the institution of a technocratic government with a mandate to make the difficult reforms required for Ukraine's long-term economic health and sustainable development. Decisions such as these are for Ukrainians to make—no one else—and if they request our assistance, we should provide it where possible. Finally, we must encourage the European Union and the IMF to keep their doors open to Ukraine. Ultimately, the support of both institutions is indispensable for Ukraine's future. And eventually, a Ukrainian President, either this one or a future one, will be prepared to accept the fundamental choice facing the country, which is this: While there are real short-term costs to the political and economic reforms required for IMF assistance and EU integration, and while President Putin will likely add to these costs by retaliating against Ukraine's economy, the long-term benefits for Ukraine in taking these tough steps are far greater and almost limitless. This decision cannot be borne by one person alone in Ukraine. Nor should it be. It must be shared—both the risks and the rewards—by all Ukrainians, especially the opposition and business elite. It must also be shared by the EU, the IMF and the United States. All of us in the West should be prepared to help Ukraine, financially and otherwise, to overcome the short-term pain that reforms will require and Russia may inflict. April 20, 1994 Southern Center for International Studies Speaker: Arthur Dunkel, Director-General of the World Trade Organization, 1980-1993 Clips 26:55 Arthur Dunkel: If I look back at the last 25 years, what did we have? We had two worlds: The so-called Market Economy world and the centrally planned world; the centrally planned world disappeared. One of the main challenges of the Uruguay round has been to create a world wide system. I think we have to think of that. Secondly, why a world wide system? Because, basically, I consider that if governments cooperate in trade policy field, you reduce the risks of tension – political tension and even worse than that." Music by Editing Production Assistance

Patrick Basham is a former adjunct scholar and senior fellow of the Cato Institute, and the founding Director (in 2006) of the Democracy Institute. Basham was the founding director of the Social Affairs Centre at the Canadian Fraser Institute. He has published a number of books and contributed articles to major US newspaper His books include Gambling with Our Future, Sensible Solutions to the Urban Drug Problem, Enviromentalism and the Market Economy, and Diet Nation exposing the Obesity Crusade foretells issues of today. We'll discuss our 2024 Election, and the pulse of “We the People”. www.DemocracyInstitute.org

Kory and Kellan gain a wealth of insights on several different aspects of resilience from someone who has made it his mission and lifestyle: Shaun Chamberlin!View on YouTubeShaun Chamberlin is an author and activist who has been exploring collapse and possible responses for over twenty years. He is the editor of 'Surviving the Future: Culture, Carnival and Capital in the Aftermath of the Market Economy' and his late mentor David Fleming's 'Lean Logic: A Dictionary for the Future and How to Survive It', as well as executive producer of 2020 film 'The Sequel: What Will Follow Our Troubled Civilisation?' He puts the theory into practice as one of the custodians of Ireland's legendary free pub ‘The Happy Pig' and was involved with the Transition Towns movement since its inception, co-founding Transition Town Kingston and authoring the movement's second book, 'The Transition Timeline', back in 2009. He was also one of the first Extinction Rebellion arrestees, in 2018, and now leads Sterling College's online program ‘Surviving the Future: Conversations for Our Time'.The Deeper Dive Hosted on Acast. See acast.com/privacy for more information.

Creating the Post-Soviet Russian Market Economy: Through American Eyes (Routledge, 2023) captures the essence of the period when Russians and Americans collaborated in creating new structures of government and new businesses in completely uncharted conditions. It presents the experiences of key American participants in late Soviet and post-Soviet Russia during a time when Americans thought anything was possible in Russia. Using an analytic framework of foreground ideas (Western, liberal & neo-liberal) and background forces (Russian cultural influences, nationalism, and lingering Soviet ideology), it examines the ideas and intentions of the people involved. First-person interviews with consultants, businesspeople, and citizen diplomats help capture the essence of this turbulent reform period through the eyes of those who experienced it and presents the importance of this experience as a piece of the puzzle in understanding contemporary Russia. It will be an invaluable resource for students of international relations, Russian studies majors, researchers, and members of the general public who are trying to understand the evolution of the current antagonism between the US and Russia. Daniel Satinsky, J.D., M.A.L.D., Consultant, Author, and Associate of Davis Center for Russian and Eurasian Studies at Harvard University. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Creating the Post-Soviet Russian Market Economy: Through American Eyes (Routledge, 2023) captures the essence of the period when Russians and Americans collaborated in creating new structures of government and new businesses in completely uncharted conditions. It presents the experiences of key American participants in late Soviet and post-Soviet Russia during a time when Americans thought anything was possible in Russia. Using an analytic framework of foreground ideas (Western, liberal & neo-liberal) and background forces (Russian cultural influences, nationalism, and lingering Soviet ideology), it examines the ideas and intentions of the people involved. First-person interviews with consultants, businesspeople, and citizen diplomats help capture the essence of this turbulent reform period through the eyes of those who experienced it and presents the importance of this experience as a piece of the puzzle in understanding contemporary Russia. It will be an invaluable resource for students of international relations, Russian studies majors, researchers, and members of the general public who are trying to understand the evolution of the current antagonism between the US and Russia. Daniel Satinsky, J.D., M.A.L.D., Consultant, Author, and Associate of Davis Center for Russian and Eurasian Studies at Harvard University. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/history

Creating the Post-Soviet Russian Market Economy: Through American Eyes (Routledge, 2023) captures the essence of the period when Russians and Americans collaborated in creating new structures of government and new businesses in completely uncharted conditions. It presents the experiences of key American participants in late Soviet and post-Soviet Russia during a time when Americans thought anything was possible in Russia. Using an analytic framework of foreground ideas (Western, liberal & neo-liberal) and background forces (Russian cultural influences, nationalism, and lingering Soviet ideology), it examines the ideas and intentions of the people involved. First-person interviews with consultants, businesspeople, and citizen diplomats help capture the essence of this turbulent reform period through the eyes of those who experienced it and presents the importance of this experience as a piece of the puzzle in understanding contemporary Russia. It will be an invaluable resource for students of international relations, Russian studies majors, researchers, and members of the general public who are trying to understand the evolution of the current antagonism between the US and Russia. Daniel Satinsky, J.D., M.A.L.D., Consultant, Author, and Associate of Davis Center for Russian and Eurasian Studies at Harvard University. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/russian-studies

David is joined this week by the former president of Marsh Advisory, Michael Poulos, for a trip around the horn, discussing the Covid impact on the economy (and public trust), the right defense of a market economy, and the challenges underlying the current state of affairs that often get missed. There is something for everybody here -- from theology to economics to politics -- and the takeaways may surprise you.

In episode 79 of The Payments Show Podcast, I spoke to Emmanuel Daniel. Emmanuel is the Founder of Asian Banker, a Thought Leader in the future of finance, and Author of the book titled "The Great Transition: The Personalisation of Finance". This was a fascinating episode as we discussed many important topics such as the Network Economy, Debanking and Censorship, CBDCs, Cybersecurity, and much more.  VIDEO and PDF Transcript: - click here: https://thepaymentsshow.substack.com/p/79Summary of topics discussed:[01:33] - Start: Founder of Asian Banker[04:31] - Emmanuel's Book: "The Great Transition: The Personalisation of Finance"[06:24] - Industrialisation vs Digitisation of Finance[08:34] - Market Economy > Network Economy[11:34] - Deposits > Digital Wallets > Stablecoins[17:06] - Debanking and Censorship vs Central Bankers[19:26] - CBDCs Have Failed Already[22:50] - Banks Missed the API Revolution[25:06] - Cybersecurity Risk and Innovation Through Crisis[26:38] - Social Credit Scores and China[33:50] - Dysfunctional Economies: The United States[37:54] - The Next Major Crash: Driven by Digital Communications and Perception[42:33] - UX, UI and Conversion[44:18] - Emmanuel's Next Book: "Winning Civilization"And much more…Details:- Recorded in July 2023- Host: Satwant Phull- Guest: Emmanuel Daniel: Founder of Asian Banker, Thought Leader, and Author[Next Steps]- Get in touch with Satwant: digitalmoneylab.com - Emmanuel Daniel: emmanueldaniel.com | @EmmanuelDaniel

What You Need to Know is Distrust and Verify. It's a two step process! We can't just distrust everything we're told and give up! Make no mistake… we should distrust everything. But the necessary second step is to then go and seek out the truth. Go and verify what's right. Follow the Truth and don't just buy the line of those who claim to have authority. It's a two step process.  Dr. Gary Wolfram, Hillsdale econ professor and author, talks about not only his experience throughout the years at Hillsdale but also his book A Capitalist Manifesto: Understanding the Market Economy and Defending Liberty. Find more of his work and writing here.  Todd Bensman, Sr. National Security Fellow at the Center for Immigration Studies, discusses how the recent Border Sex Trafficking Cases Should Challenge Sound of Freedom skeptics. There's a concerted campaign to destroy the credibility of this powerful film, but it absolutely lines up with what's happening. Find more of Todd's work at ToddBensman.com. Also pick up copies of his books America's Covert Border War and Overrun.  Wrap Up: more on the “tour from Politico”! From the absolutely wild opinion pages: Here's the Intelligence Assessment of Donald Trump that the Government Can't Write. Let's dig through this word salad.See omnystudio.com/listener for privacy information.

Brian Price, head of investment management at Commonwealth Financial Network, says it's hard to make a case for risk assets like stocks to move much in either direction and the mixed signals extend to the economy, which he believes will avoid the extreme moves in either direction. As a result, he discounts the potential for an economic hard landing -- despite expecting below-average economic growth -- despite expecting lackluster performance as current conditions play out into next year. Similar sentiments were expressed by Thomas Winmill, manager of the Midas Fund, who notes that gold has been a better hedge for inflation of late than it was at the start of the interest rate-hike cycle, but who notes that the real potential in precious metals moving forward will be more about total return of the asset compared to stocks. Winmill, who also manages Dividend and Income Fund, says he expects a coming downturn to strengthen the many buys he currently sees for investors willing to look past the few stocks that have led the current rally. Also on the show, Jill Gonzalez discusses WalletHub's analysis that a small Federal Reserve rate hike will directly cost Americans billions of dollars in extra interest charges, Lester Jones talks the latest business conditions survey out this week from the National Association for Business Economics -- which shows surprising optimism among economists -- and Chuck answers a listener's question about investing for income.