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Joining us in this episode is Edward Chancellor, a financial historian, journalist, and investment strategist. He is the author of Devil Take Hindmost: A History of Financial Speculation, and The Price of Time, books that dive into the stock market, economic growth, rising inequality, elevated debt levels, the pensions crisis, and more. In addition to his larger works, Edward is also a columnist writing for Reuters Breakingviews and a contributor to the Wall Street Journal, MoneyWeek, the New York Review of Books and Financial Times. What has 30 years of experience in the financial sector taught Edward about economic history and investment opportunities? He joins the podcast to explain… In this conversation, we explore: What led Edward to leave the world of finance to pursue writing. How to understand investment from a historical perspective. How finances have changed in the last 60 years. What financialization is, and what it does to society. To learn more about Edward and his ongoing work, click here now! Episode also available on Apple Podcasts: https://apple.co/30PvU9C
Check out the trailer for our new podcast, where Reuters Breakingviews columnists tap their best contacts to explore the biggest issues driving business and markets today. Every Tuesday, Global Editor Peter Thal Larsen and his team tackle a pressing question with a senior executive, financier, policymaker, or other expert. The Big View helps you understand what is going on, explore all sides of the argument, and think about what happens next.
What can history tell us about current economic trends and financial markets? Edward Chancellor, an author, financial historian, journalist, and investment strategist, joins the podcast to discuss lessons from past economic cycles, financial bubbles, and market behaviors… Edward is the author of Devil Take Hindmost: A History of Financial Speculation and The Price of Time, books that explore the stock market, economic growth, rising inequality, elevated debt levels, the pensions crisis, and more. He is also a columnist for Reuters Breakingviews and a part-time contributor to the Wall Street Journal, MoneyWeek, the New York Review of Books and the Financial Times. With more than 30 years of experience in the financial world, Edward offers intriguing insights into the current state of economics and investments – all from a historical perspective. Whether you are a seasoned investor, an economics enthusiast, or just curious about the financial markets, this episode promises to provide a wealth of knowledge and spark thought-provoking discussions. Listen now to find out: What it takes to train as a historian in the context of finances. Why investment is so multidisciplinary. How history can tell us about the modern age of economics. The hyperreal nature of finances. To learn more about Edward and his ongoing work, click here now! Episode also available on Apple Podcasts: https://apple.co/38oMlMr
Joining us in this episode is Edward Chancellor, a financial historian, journalist, and investment strategist. He is the author of Devil Take Hindmost: A History of Financial Speculation, and The Price of Time, books that dive into the stock market, economic growth, rising inequality, elevated debt levels, the pensions crisis, and more. In addition to his larger works, Edward is also a columnist writing for Reuters Breakingviews and a contributor to the Wall Street Journal, MoneyWeek, the New York Review of Books and Financial Times. What has 30 years of experience in the financial sector taught Edward about economic history and investment opportunities? He joins the podcast to explain… In this conversation, we explore: What led Edward to leave the world of finance to pursue writing. How to understand investment from a historical perspective. How finances have changed in the last 60 years. What financialization is, and what it does to society. To learn more about Edward and his ongoing work, click here now! Take advantage of a 5% discount on Ekster accessories by using the code FINDINGGENIUS. Enhance your style and functionality with premium accessories. Visit bit.ly/3uiVX9R to explore latest collection Episode also available on Apple Podcasts: https://apple.co/30PvU9C
When a company pushes false claims about using artificial intelligence in its business, that’s known informally as “AI washing.” It can feel like everybody's doing it, but the Securities and Exchange Commission is cracking down on the practice. Plus, is the government's communication with social media companies persuasion or coercion? The Supreme Court heard arguments this week in yet another case involving online speech. But first, the Department of Justice on Thursday announced that it's bringing antitrust charges against Apple. Marketplace's Lily Jamali spoke with Reuters Breakingviews columnist Anita Ramaswamy about all of these stories for this week's episode of Marketplace Tech's Bytes: Week in Review.
When a company pushes false claims about using artificial intelligence in its business, that’s known informally as “AI washing.” It can feel like everybody's doing it, but the Securities and Exchange Commission is cracking down on the practice. Plus, is the government's communication with social media companies persuasion or coercion? The Supreme Court heard arguments this week in yet another case involving online speech. But first, the Department of Justice on Thursday announced that it's bringing antitrust charges against Apple. Marketplace's Lily Jamali spoke with Reuters Breakingviews columnist Anita Ramaswamy about all of these stories for this week's episode of Marketplace Tech's Bytes: Week in Review.
Companies vying for AI dominance have told us their stories, but this week they showed us their numbers, and there is a clear front-runner. Plus, a court struck down Elon Musk's $56 billion pay package, but it's the announcement that his startup Neuralink did its first human brain implant that has us really scratching our heads. First, though, a look back at Wednesday's Senate hearing that put tech execs, politicians and families affected by online child sex abuse in a room together on Capitol Hill. Marketplace's Lily Jamali is joined by Anita Ramaswamy, columnist for Reuters Breakingviews, for her take on these stories.
Companies vying for AI dominance have told us their stories, but this week they showed us their numbers, and there is a clear front-runner. Plus, a court struck down Elon Musk's $56 billion pay package, but it's the announcement that his startup Neuralink did its first human brain implant that has us really scratching our heads. First, though, a look back at Wednesday's Senate hearing that put tech execs, politicians and families affected by online child sex abuse in a room together on Capitol Hill. Marketplace's Lily Jamali is joined by Anita Ramaswamy, columnist for Reuters Breakingviews, for her take on these stories.
On today’s Tech Bytes: Google launches its AI tool Gemini into the public arena — finally. Plus, ousted congressman George Santos becomes a star on Cameo. But first, Spotify CEO Daniel Ek said the music streaming giant is cutting 17% of its workforce. Here’s the thing, though: The size of Spotify’s user base is actually growing right now. Marketplace’s Lily Jamali is joined by Anita Ramaswamy, columnist at Reuters Breakingviews, for her take on these stories.
On today’s Tech Bytes: Google launches its AI tool Gemini into the public arena — finally. Plus, ousted congressman George Santos becomes a star on Cameo. But first, Spotify CEO Daniel Ek said the music streaming giant is cutting 17% of its workforce. Here’s the thing, though: The size of Spotify’s user base is actually growing right now. Marketplace’s Lily Jamali is joined by Anita Ramaswamy, columnist at Reuters Breakingviews, for her take on these stories.
On today’s Tech Bytes, our review of the week’s biggest headlines, Meta strikes a preliminary deal with Chinese videogame maker Tencent, giving the company a chance to return to China 14 years after Facebook was banned there. We also talk about the ransomware attack on a major Chinese bank, and how the Biden administration thinks American companies should respond to cyber extortion. But first, a look at the recent revelations about Google and Apple’s complicated relationship. Earlier in its federal antitrust trial, Google said it paid Apple $18 billion a year to be the default search engine on iPhone web browsers. The government said that’s $18 billion worth of evidence of anticompetitive behavior. This week, a witness for Google accidentally disclosed the company was sharing 36% of ad revenue it made from Safari browser searches with Apple. Whoops! Marketplace's Matt Levin is joined by Anita Ramaswamy, columnist at Reuters Breakingviews, for her take on these stories.
On today’s Tech Bytes, our review of the week’s biggest headlines, Meta strikes a preliminary deal with Chinese videogame maker Tencent, giving the company a chance to return to China 14 years after Facebook was banned there. We also talk about the ransomware attack on a major Chinese bank, and how the Biden administration thinks American companies should respond to cyber extortion. But first, a look at the recent revelations about Google and Apple’s complicated relationship. Earlier in its federal antitrust trial, Google said it paid Apple $18 billion a year to be the default search engine on iPhone web browsers. The government said that’s $18 billion worth of evidence of anticompetitive behavior. This week, a witness for Google accidentally disclosed the company was sharing 36% of ad revenue it made from Safari browser searches with Apple. Whoops! Marketplace's Matt Levin is joined by Anita Ramaswamy, columnist at Reuters Breakingviews, for her take on these stories.
Interview Recorded - 27th of July, 2023Buy Book Here - https://www.amazon.co.uk/Price-Time-Real-Story-Interest/dp/0241569168/On this episode of the WTFinance podcast I have the pleasure of speaking with Edward Chancellor - A financial historian, journalist and investment strategist. He is also the author of the recently released book “The Price of Time”. During our conversation we spoke about the Price of Time, what impact low interest rates have had on markets and the economy, what we can expect in the future and more. I hope you enjoy. 0:00 - Introduction1:18 - What is the Price of Time?4:27 - Why is the price of time important?9:18 - What impact does negative interest rates have on the economy & markets?16:18 - Valuations go down as interest rates go up23:33 - Surprised by how certain markets have held up with higher interest rates?28:43 - Could history be suggesting current empires will collapse?40:03 - Interest rates are difficult to predict42:08 - One message to take away from conversation?Edward Chancellor is a financial historian, journalist and investment strategist. Edward read history at Trinity College, Cambridge, where he graduated with first-class honours, and later gained an M.Phil. in Enlightenment history from Oxford University. In the early 1990s he worked for the London merchant bank, Lazard Brothers. He was later an editor at the financial commentary site, Breakingviews. From 2008 to 2014, Edward was a senior member of the asset allocation team at GMO, the Boston-based investment firm. He is currently a columnist for Reuters Breakingviews and an occasional contributor to the Wall Street Journal, MoneyWeek, the New York Review of Books and Financial Times. In 2008, Edward received the George Polk Award for financial reporting for his article “Ponzi Nation” in Institutional Investor magazine.Edward Chancellor is the author of Devil Take the Hindmost: A History of Financial Speculation (Farrar Straus/Macmillan, 1999), a New York Times Notable Book of the Year. Devil Take the Hindmost has been translated into more than half a dozen languages. In 2005, he published the report, Crunch-Time for Credit? (Harriman House), an analysis of the ongoing credit boom in the US and UK. Edward has also edited two well-received investment books, Capital Account (Thomson Texere, 2004) and Capital Returns (Palgrave Macmillan, 2015). His latest book, The Price of Time, is published by Allen Lane in the United Kingdom and Atlantic Monthly Press in the United States. The Price of Time has been longlisted for the FT 2022 Business Book of the Year.Edward Chancellor - Website - https://www.edwardchancellor.com/Twitter - https://twitter.com/chancellor_eWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas
The world's richest man, Elon Musk, has a new pet project. He is reinventing, and possibly destroying, the site formerly known as Twitter. Now known simply as X, the iconic blue bird logo is no more. But Musk's rebrand isn't purely for aesthetics. It's the beginning of the billionaire's vision to create a ubiquitous ‘everything app' of the future. Could this ambitious plan to centralise communication, shopping, banking and social media be brazen enough to work? Or will x.com be an expensive mistake? Today, Reuters financial journalist and long-time watcher of Elon Musk's business empire, Antony Currie, on Elon's plan to disrupt the global financial system. Socials: Stay in touch with us on Twitter and Instagram Guest: Financial journalist and editor at Reuters Breakingviews, Antony Currie.
On this episode, financial historian Edward Chancellor joins Nate to give a meta-history of interest rates and human societies. With recent news of global financial turmoil in response to rising interest rates, taking a look at our history could help us interpret our present and plan for the future. How deeply entangled is this financial predicament that we've gotten ourselves into? Can we learn from the past to reshape a more stable monetary policy in the future, or are inflating financial bubbles (and popping them) simply in our human nature? About Edward Chancellor: Edward Chancellor is a financial historian, journalist, and investment strategist. He is the author of Devil Take Hindmost: A History of Financial Speculation and his latest book, The Price of Time, where he explains the story of capitalism is really the story of interest: the price that individuals, companies and nations pay to borrow money. He is currently a columnist for Reuters Breakingviews and a contributor to the Wall Street Journal, MoneyWeek, the New York Review of Books and Financial Times. For Show Notes and More visit: https://www.thegreatsimplification.com/episode/67-edward-chancellor To watch this video episode on Youtube → https://youtu.be/q5PWaYw6h5k
Susan Pendergrass speaks with James Pethokoukis about why advancements in A.I. are cause for optimism, not hysteria. James Pethokoukis, a columnist and an economic policy analyst, is the Dewitt Wallace Fellow at the American Enterprise Institute, where he writes and edits the AEIdeas blog and hosts a weekly podcast, “Political Economy with James Pethokoukis.” He is also a columnist for The Week and an official contributor to CNBC. Before joining AEI, he was the Washington columnist for Reuters Breakingviews, the opinion and commentary wing of Thomson Reuters, and the business editor and economics columnist for US News & World Report. Mr. Pethokoukis has written for many publications, including Commentary, Investor's Business Daily, National Review, The New York Times, USA Today, Washington Examiner, and The Weekly Standard. His numerous broadcast appearances include CNN, Fox Business Network, Fox News Channel, “The McLaughlin Group,” MSNBC, and “Nightly Business Report” on PBS. Produced by Show-Me Opportunity
Hosted by Andrew Keen, Keen On features conversations with some of the world's leading thinkers and writers about the economic, political, and technological issues being discussed in the news, right now. In this episode, Andrew is joined by Edward Chancellor, author of The Price of Time: The Real Story of Interest. Edward Chancellor is the author of Devil Take the Hindmost: A History of Financial Speculation, a New York Times “Notable Book of the Year” and the specialist report Crunch-Time for Credit?, a prescient analysis of the credit boom in the US and UK. Chancellor has also edited two investment books, Capital Account and Capital Returns. An award-winning financial journalist, Chancellor is currently a columnist for Reuters Breakingviews, and has contributed to many other publications, including the Wall Street Journal, MoneyWeek, New York Review of Books, and Financial Times. Learn more about your ad choices. Visit megaphone.fm/adchoices
Debates have raged for years of whether and to what extent Big Tech - often known as the Big Four (Amazon, Meta/Facebook, Google and Apple) - should be regulated. As Rob Cox, global editor for Reuters Breakingviews, says in this episode: “The horse has bolted on this one”. So the matter turns to what kind of regulations should be put in place and for what purpose. Will regulation only serve to shore up Big Tech interests like the Dodd–Frank Wall Street Reform and Consumer Protection Act did for Wall Street in 2010, or will it force greater accountability, transparency, and end user protection as legislation like GDPR hoped to in Europe? Ailish Campbell, ambassador to the European Union with Global Affairs Canada and Christian Lanng, co-founder and CEO of supply chain startup Tradeshift, debated these issue as they spoke on Centre Stage at Web Summit 2021, moderated by Rob Cox.Use promo code 'TNS' for 10% off your #CollisionConf ticket now. Support the show
Thousands flee Ukraine as the Russian invasion continues as aid agencies say the southern city of Mariupol, which has seen heavy shelling preventing more from leaving, is on the verge of a humanitarian catastrophe. The BBC's Sarah Rainsford reports from the central city of Poltava where evacuees from the north eastern city of Sumy are arriving. In the UK, Ukraine's President Volodymyr Zelensky addressed the British Parliament by videolink urging Britain to do more to support his country's fight against Russia. In the US President Joe Biden announces a complete ban on the import of Russian oil and gas, but imports make up only a small amount of America's oil and gas supply, so will it make a difference? We ask Stuart Glickman, an energy analyst at CFRA Research in New York. At the same time, the EU has published a plan to dramatically reduce its reliance on Russian energy - is it ambitious enough? We speak to Dieter Janacek, a Green MP in the German governing coalition. While companies desert Russia as a result of its war with Ukraine some are staying - Lauren Silva Laughlin from Reuters BreakingViews tells us more. And as part of International Women's Day we hear the story of how one Ukrainian woman's professional and personal life has been turned upside down by the conflict. Throughout the programme we're joined by Colin Peacock, presenter of Media Watch on Radio New Zealand and by Luisa Kroll, executive editor at the business website Forbes in New York. Picture: Volodymyr Zelensky addresses the Westminster Parliament Credit: Reuters
In this episode of “EACCNY Pulse: Transatlantic Business Insights,” hear Stavros Lambrinidis, Ambassador of the European Union to the United States, and Rob Cox, Global Editor of Breakingviews at Reuters, discuss the main outcomes of the EU-US Summit and the key priorities of a renewed transatlantic partnership including trade, technology, and human rights.Stavros Lambrinidis is the Ambassador of the European Union to the United States, as of March 1, 2019. From 2012 to February 2019, he served as the European Union Special Representative for Human Rights. In 2011, he was Foreign Affairs Minister of Greece. Follow him on Twitter @EUAmbUS.Rob Cox helped found Breakingviews.com in 2000 in London. From 2004 he spearheaded the startup publication's expansion in the United States and edited daily Breakingviews columns in the New York Times and the Wall Street Journal.
To start of our series: "A look into the Crystal Ball on the Future of Finance," hear from Gerald Walker, CEO of ING AMERICAS, along with Richard Beales, Global Deputy Editor at REUTERS BREAKINGVIEWS as they discuss forward-looking innovation in the sustainable finance space. What are the challenges of implementation? How has the Pandemic accelerated the shift towards sustainable financing? And more !Gerald Walker was appointed CEO of ING Americas in June 2017. Prior to this role, he held a a range of senior positions within ING including CEO UK, Ireland, Middle East and Africa, Global Head of Transaction Services, Global Head of Securities Services, and Global Head of Lending.Beyond the Americas, Gerald is a member of ING's Wholesale Banking Management Team and a member of ING's Management Council. He is a member of the Board of Directors of the City Parks Foundation in New York and a Trustee of The Committee for Economic Development (CED) in Washington D.C.Previous non-executive roles have included Chairman of the Board of The Association of Foreign Banks (UK), Board Director of TheCityUK, Advisor to the Board of The International Business and Diplomatic Exchange (UK), Board Director of the European Association of Banking & Financial History (Germany) and Member of the Wholesale Advisory Committee of the British Bankers Association.During his career, he has lived and worked in London, Paris, Brussels, Amsterdam and, since 2017, New York. A Freeman of the City of London, Gerald is also a Liveryman of the Worshipful Company of International Bankers of the City of London.He holds a Masters Degree in Economics from The University of Edinburgh (UK) and has studied at INSEAD (France) and IMD Business School (Switzerland).Richard Beales, Global Deputy Editor, joined BREAKINGVIEWS in 2007 from the Financial Times, where he was U.S. markets editor and a Lex columnist. Prior to the FT, he spent more than 10 years as an investment banker at Schroders and Citigroup, based largely in Hong Kong and working on project finance, mergers and acquisitions. He has also lived in Sydney, Australia, and began his working life in London at Mars & Co, a management consultancy. Richard holds a masters in business journalism from New York University and a degree in biochemistry from St John's College, Cambridge.
The world of Chinese high finance is actually way more stupid and ridiculous than you probably realize. Seriously, sometimes millions or billions of dollars change hands for relatively stupid reasons like, delivery coffee + China, what’s the worst that could go wrong? Pete Sweeney (@petesweeneypro), an opinion columnist for Reuters Breakingviews, gives us a crash course. Also discussed: You might think that journalists report just about everything, but there are many stories that don’t get reported, especially in China. Pete discusses the strange corner of the world he lives in (2:06), leaving the U.S. to start a beer business in Ecuador (7:51), reinventing himself as a journalist in his 30s (14:20), working at China Economic Review (19:05), a major story in China that never made it into international news (26:05), joining Reuters to cover the huge boom/bust of the Chinese stock market (41:19), his transition to opinion writing (52:57) and takes on the lightning round (1:01:19). Here are links to some of the things we talked about: Pete’s column about Luckin Coffee - https://bit.ly/3alhizC His column about Xinjiang - https://reut.rs/2KkjtJa Caixin’s English language edition - https://bit.ly/3cysYAz Archillect on Instagram - https://bit.ly/2XO22c6 Arts & Letters Daily - https://bit.ly/34MRQSB Thucydides wiki - https://bit.ly/3ezqEew Rory Stewart’s The Places in Between - https://amzn.to/2ymDgVQ Pete’s op-ed on raising a pig (page 13) - https://bit.ly/2KgCa0t BBC TV show Press on IMDb - https://imdb.to/3bm16j8 Follow us on Twitter @foreignpod or on Facebook at facebook.com/foreignpod Music: LoveChances (makaihbeats.net) by Makaih Beats From: freemusicarchive.org CC BY NC
Tyler Brûlé is joined ETH’s Benno Zogg, Reuters’ Breakingviews editor Rob Cox and Rome-based broadcaster Juliet Linley for a look at how the global press is covering the pandemic and whether the tone of the discussion needs a rethink. Plus: some good news and updates from Monocle’s editors in London and Tokyo.
One hour, Two Sessions China's Two Sessions, the national annual gathering of the leadership of the People's Republic of China, will soon be coming to a close. This week on ChinaEconTalk, Jordan sat down with Chris Beddor, a columnist for Reuters Breakingviews, to discuss highlights from this year's gathering, including state-owned enterprise reform, implications for Made in China 2025, the evolving role of Li Keqiang, and more. Subscribe to the ChinaEconTalk newsletter here. Get bonus content on Patreon See acast.com/privacy for privacy and opt-out information.
One hour, Two Sessions China’s Two Sessions, the national annual gathering of the leadership of the People’s Republic of China, will soon be coming to a close. This week on ChinaEconTalk, Jordan sat down with Chris Beddor, a columnist for Reuters Breakingviews, to discuss highlights from this year’s gathering, including state-owned enterprise reform, implications for Made in China 2025, the evolving role of Li Keqiang, and more. Subscribe to the ChinaEconTalk newsletter here.
Ten years ago, in September 2008, Lehman Brothers failed. It marked a decisive moment in the financial crisis, one where the U.S. economy plunged into what we now know as the Great Recession. With such a momentous anniversary approaching (September 15, if you want to mark your calendar), you can expect there'll be a slew of stories that look back at what happened and where things stand. But there’s another anniversary that’s not getting as much attention. Ten years before Lehman, in 1998, the country faced another possible crisis, and at its center was another financial firm, Long-Term Capital Management. LTCM, as it was known, was one of the world's largest hedge funds. But after Russia defaulted on its debt, LTCM faced a near collapse as a result of its investments along with too much leverage (a significant reason behind the financial crisis in 2008). The New York Federal Reserve Bank stepped in and organized a bailout of LTCM with the backing of the largest banks on Wall Street. This week on Money Talking, Rob Cox, Global Editor of Reuters Breakingviews, discusses what we did — and didn't — learn from the global financial crash that nearly was, and what the lasting impacts we can see today.
This week, testimony by former FBI Director James Comey dominated the headlines. For President Trump, however, it was Infrastructure Week. He spent several days promoting his plan to rebuild the nation's roads and highways. And the key to making it happen is getting billions of dollars in private investments. But how exactly would that work? This week on Money Talking, Host Charlie Herman talks with WNYC's Andrea Bernstein and Richard Beales with Reuters Breakingviews about the President's plans and whether or not it's likely to happen.
Tuesday, the Tax Policy Center analyzed the tax plans of Donald Trump and Hillary Clinton — and as the director of the Center put it, the plans are practically mirror images of one another. While Trump’s plan would cut taxes for the top 1 percent by an average of $215,000, Clinton’s would increase their taxes by about $118,000; Trump would cut taxes for business, Clinton would raise them; and over 10 years, Trump’s tax cuts would total $6.2 trillion while Clinton’s would increase taxes by $1.4 trillion. This week on Money Talking, host Charlie Herman takes a closer look at each candidate's tax proposal and how it could affect Americans with Catherine Rampell of The Washington Post and Rob Cox of Reuters BreakingViews.
On this week’s episode of Slate Money, host Felix Salmon of Fusion, Cathy O’Neil of mathbabe.org, and Slate Moneybox columnist Jordan Weissmann welcome a special guest: Reuters Breakingviews global editor Rob Cox. Also, it's Jordan's wedding day. Topics discussed: -How much do weddings really cost? -What does it mean for GE to be getting out of financial markets? -Music festivals: Where's the money? Slate Money is sponsored by Dropbox, trusted by people in over 4 million businesses worldwide to keep their files safe, synced, and easy to share with anyone. Try Dropbox for Business free for 14 days at dropbox.com/business. Love Slate podcasts? Listen longer with Slate Plus! Members get bonus segments, ad-free versions, exclusive podcasts and more. Start your 2-week free trial slate.com/podcastplus. Check out other Panoply podcasts at itunes.com/panoply. Learn more about your ad choices. Visit megaphone.fm/adchoices