Podcast appearances and mentions of sheelah kolhatkar

Ali Velshi is joined by Professor of Law at University of Baltimore School of Law Kimberly Wehle, retired Lieutenant Colonel Alexander Vindman, candidate for U.S. Senator in South Carolina Annie Andrews, staff writer at The New Yorker John Cassidy, staff writer at The New Yorker Sheelah Kolhatkar

Donald Trump was back in court for the third day of a civil fraud trial—testimony from two former accountants singling out Eric Trump. Marion County Police Chief Gideon Cody resigned after the controversial raid of the Marion County Record newspaper in August. Carol Leonnig, Susan Glasser, Joyce Vance, Conor Lamb, Tim Miller, Sheelah Kolhatkar, Eric Meyer join.

Crisis averted! For 45 days? Congress narrowly avoids a government shutdown, coming up with a weekend deal to fund the government at its current level until November 17th. But the drama doesn't end with the deal, as Republican members of the House want to oust Speaker Kevin McCarthy over working with Democrats. Bill Ackman, Pershing Square Capital Management founder and CEO, discusses his new SPARC, a unique kind of SPAC that allows investors to know which company the vehicle is acquiring before they pledge funds. Ackman weighs in on potential interest in Elon Musk's X, the state of the U.S. economy, the Fed's inflation fight, and more. Plus, Jury selection for Sam Bankman-Fried's trial starts tomorrow. CNBC's Kate Rooney reports on the next chapter following the collapse of his crypto exchange, FTX. Ahead of the trial, some of those impacted most by the bankruptcy are sharing their stories in a CNBC digital documentary. Sheelah Kolhatkar, The New Yorker staff writer, also discusses the upcoming trial of Sam Bankman-Fried and the unique relationship Bankman-Fried's parents played in FTX.Bill Ackman - 16:36Kate Rooney - 34:11Sheelah Kolhatkar - 37:55 In this episode:Bill Ackman, @BillAckmanKate Rooney, @Kr00neySheelah Kolhatkar, @sheelahkAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie

Not too long ago, crypto was being trumpeted as the next big thing. Celebrities were getting in on it, including Kim Kardashian, Matt Damon and Tom Brady.Now the former face of crypto, Sam Bankman-Fried, who ran the FTX exchange, is going on trial. He's accused of orchestrating one of the largest frauds in history. As his case gets underway it's as if the whole crypto industry is on trial.NPR's David Gura speaks with Bloomberg reporter Zeke Faux who wrote the book "Number Go Up: Inside Crypto's Wild Rise and Staggering Fall," and Sheelah Kolhatkar, a staff writer for The New Yorker who has a new article out on Bankman-Fried and his parents.Email us at considerthis@npr.org.

Nearly one in ten Americans owe significant medical debt, a burden that can become crippling as living costs and interest rates rise. Over the past decade, a nonprofit called RIP Medical Debt has designed a novel approach to chip away at this problem. The organization solicits donations to purchase portfolios of medical debt on the debt market, where the debt trades at steeply discounted prices. Then, instead of attempting to collect on it as a normal buyer would, they forgive the debt. The staff writer Sheelah Kolhatkar reports on one North Carolina church that partnered with RIP Medical Debt as part of its charitable mission. Trinity Moravian Church collected around fifteen thousand dollars in contributions to acquire and forgive over four million dollars of debt in their community. “We have undertaken a number of projects in the past but there's never been anything quite like this,” the Reverend John Jackman tells Kolhatkar. “For families that we know cannot deal with these things, we're taking the weight off of them.” Kolhatkar also speaks with Allison Sesso, the C.E.O. of RIP Medical Debt, about the strange economics of debt that make this possible. 

Hello from Honolulu! It's just us this week, trading places: Tammy is home in humid Brooklyn, and Jay is on the road, visiting family in Hawaii! (6:00) First, we discuss the planned release of 500 swimming pools' worth of radioactive(?) wastewater from Fukushima, which has spurred lousy takes from Beltway types and a run on salt in South Korea. (19:10) Next, we look at Vivek Ramaswamy's long-shot candidacy for President and try to discern what the entrepreneur brings to a flailing Republican Party. In this episode, we ask: Was “Mad Men” a good show? How does the Fukushima conversation serve as a barometer for China–Japan–South Korea relations? Is Trumpism analogous to Modi-ism? Are we doomed to have an amoral, debate-brained candidate in every Republican primary? For more, dig into: * Regional reactions to the wastewater plan at Fukushima * Images of Vermont's floods and the proximate climate apocalypse * Sheelah Kolhatkar's jealousy-inducing profile of Vivek Ramaswamy for The New Yorker* DeSantis's jump-the-shark hate ad* Our May ep about the American Prospect's Tucker Carlson piece (and its backlash): Karaoke soft power + left media cowardice Thanks for listening! Subscribe on Patreon or Substack, and follow us on Instagram, TikTok, and Twitter. Email us at timetosaygoodbyepod@gmail.com.  This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit goodbye.substack.com/subscribe

Nearly one in ten Americans owe significant medical debt, a burden that can become crippling as living costs and interest rates rise. Over the past decade, a nonprofit called RIP Medical Debt has designed a novel approach to chip away at this problem. The organization solicits donations to purchase portfolios of medical debt on the debt market, where the debt trades at steeply discounted prices. Then, instead of attempting to collect on it as a normal buyer would, they forgive the debt. The staff writer Sheelah Kolhatkar reports on one North Carolina church that partnered with RIP Medical Debt as part of its charitable mission. Trinity Moravian Church collected around fifteen thousand dollars in contributions to acquire and forgive over four million dollars of debt in their community. “We have undertaken a number of projects in the past but there's never been anything quite like this,” the Reverend John Jackman tells Kolhatkar. “For families that we know cannot deal with these things, we're taking the weight off of them.” Kolhatkar also speaks with Allison Sesso, the C.E.O. of RIP Medical Debt, about the strange economics of debt that make this possible.

Tonight on The Last Word: The Silicon Valley Bank closure marks the second biggest bank failure in U.S. history. Also, election officials face threats over Donald Trump's big lie. And some Republicans criticize the cost of defending Ukraine. Gene Sperling, Sheelah Kolhatkar, Barton Gellman, Ruth Ben-Ghiat, and Ret. Army Lt. Colonel Alexander Vindman join Ali Velshi.

On this mini-series of Binged, Payton discusses killers who found their victims via the internet. Starting with John Edward Robinson. Case Sources: Anyone You Want Me To Be: A Shocking True Story of Sex and Death on the Internet (2003, Scribner), by Stephen Singular and John Douglas Internet Slave Master: A True Story of Seduction and Murder (2011, St. Martin's True Crime), by John Glatt Serial Killer Quarterly Vol.1 No.1: “21st Century Psychos” (2014), by Katherine Ramsland, Michael Newton, Lee Mellor, Robert J. Hoshowsky, Kim Cresswell, Curtis Yateman, Aaron Elliott cnn.com, "Friends of victim shared e-mail exchanges with accused serial killer," by Sue Miller Wiltz, October 9, 2002 abc.com, ABC 20/20, "Sole Survivor," aired November 4, 2012 (https://abc.com/shows/2020/episode-guide/2019-10/04-sole-survivor) newyorker.com, "The Tech Industry's Gender-Discrimination Problem," by Sheelah Kolhatkar, November 13, 2017 newspapers.com citations: Rick Montgomery and Greg Kuhl, “Kansas Prison Awaits a Convincing Talker,” The Kansas City Star, 31 May 1987, archived (https://www.newspapers.com/image/680305752/ : accessed 19 October 2022); citing print edition, pp. 1B, 12B. “Cicero Scout Will See Queen,” Berwyn Life, 13 Nov 1957, archived (https://www.newspapers.com/image/524288482 : accessed 19 October 2022); citing print edition, p.2 “Eagle Scout Is Soaring—He'll See Liz,” Chicago Tribune, 12 Nov 1957, archived (https://www.newspapers.com/image/372743820 : accessed 19 October 2022); citing print edition, Part 3—Page 11 “Group for Disabled Honors Area Man',” The Kansas City Times, 8 Dec 1977, archived (https://www.newspapers.com/image/677413258 : accessed 19 October 2022); citing print edition, p.3A Mack Alexander, “Man-of-the-Year Ploy Backfires on 'Honoree',” The Kansas City Star, 20 Dec 1977, archived (https://www.newspapers.com/image/677408491 : accessed 19 October 2022); citing print edition, p.3 Associated Press, “Robinson awaits trial on 3 victims in Missouri',” St. Louis Post-Dispatch, 3 Nov 2002, archived (https://www.newspapers.com/image/142090360 : accessed 19 October 2022); citing print edition, p.C2 Associated Press, “Kansas man charged in 5 'barrel murders'',” St. Joseph News-Press, 14 Jun 2000, archived (https://www.newspapers.com/image/563563051 : accessed 19 October 2022); citing print edition, p.A3 Tony Rizzo, “'Fortunate Twist' Pointed Police Toward Robinson',” The Kansas City Star, 26 Jan 2003, archived (https://www.newspapers.com/image/687344190 : accessed 19 October 2022); citing print edition, p.A1 wikipiedia.org, John Edward Robinson charleyproject.org, Paula G. Godfrey charleyproject.org, Lisa Stasi charleyproject.org, Catherine F. Clampitt Learn more about your ad choices. Visit podcastchoices.com/adchoices

There is new reporting about the criminal referrals the January 6th committee is considering for Donald Trump ahead of the final public meeting. Meantime, the House Ways and Means committee is expected to vote on whether to release Trump's taxes to the public. Plus, the Friday Nightcap panel is back to talk Twitter, crypto and The White Lotus. Jon Allen, Joyce Vance, Raul Reyes, Gen. Barry McCaffrey, Kate Snow, Charles Coleman, Matt Friend, and Sheelah Kolhatkar join.

En este segundo episodio en inglés de #PodcastLaTrinchera, Christian Sobrino entrevista a Cate Long, la investigadora y escritora de asuntos de deuda pública. En la conversación se tocan varios temas como el pasado profesional de Cate, su participación en esfuerzos de reforma financiera a nivel federal y la aprobación de la Ley PROMESA, su postura en cuanto a la reestructuración fiscal del Gobierno de Puerto Rico y las acciones de la Junta de Supervisión Fiscal, la vista pautada para el 28 de septiembre de 2022 en la quiebra de la Autoridad de Energía Eléctrica, entre otros temas. El 8 de marzo de 2012 Cate publicó en Reuters una columna titulada "Puerto Rico is America's Greece" la cual comenzó la especulación y discusión pública sobre una posible quiebra en Puerto Rico (en adición a un entretenida guerra en Twitter con la campaña de Luis Fortuño). Esto fue años antes del impago de los bonos o la aprobación de la Ley PROMESA. Desde entonces, Cate mediante su cuenta Twitter, su servicio de investigación Puerto Rico Clearinghouse y en varios otros medios, ha mantenido una línea editorial y discursiva dura y crítica contra el Gobierno de Puerto Rico y el desempeño de la Junta de Supervisión Fiscal. Su posición es claramente pro-bonista y de mayor disciplina y austeridad fiscal. A la misma vez, durante el 2017 - 2019, Cate fue aliada "behind the scenes" en algunos esfuerzos del Gobierno de Puerto Rico para mejorar relaciones en Washington, en la prensa financiera nacional y otros frentes. Podemos estar en desacuerdo con algunas de sus posturas, pero es una vez que merece escucharse. La cita de Cate Long discuta al final del episodio surge de un artículo de Sheelah Kolhatkar publicada en el The New Yorker el 6 de noviembre de 2017 y está disponible en este enlace.Por favor suscribirse a La Trinchera con Christian Sobrino en su plataforma favorita de podcasts y compartan este episodio con sus amistades.Para contactar a Christian Sobrino y #PodcastLaTrinchera, nada mejor que mediante las siguientes plataformas:Facebook: @PodcastLaTrincheraTwitter: @zobrinovichInstagram: zobrinovich“Si los compradores [de deuda] especularon contra los vendedores [de deuda], en muchos casos los vendedores especularon contra los compradores. Cada uno hizo sus cálculos de las probabilidades, y decidieron sobre ello un intercambio de dinero por deuda.” - Alexander Hamilton, 18 de agosto de 1792

While Trump's legal team pushes for a “special master,” the Justice Department says it has already completed its review of the documents seized at Mar-a-Lago. Republicans, who had their PPP loans forgiven, get called out from the White House twitter account. And as more states choke off abortion access, others are stepping up to help with the economic burden for women. Philip Rucker, Katie Benner, Joyce Vance, David Jolly, David Plouffe, A.B. Stoddard, Sam Stein, and Sheelah Kolhatkar join.

This week the KPL Podcast speaks with author, journalist Evan Hughes about his book, "The Hard Sell: Crime and Punishment at an Opioid Startup." Plus learn about the various services and programs the library offers to start a new business.Recommendations1. Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou2. Black Edge:  inside information, dirty money, and the quest to bring down the most wanted man on Wall Street by Sheelah Kolhatkar.3. Scoundrel: how a convicted murderer persuaded the women who loved him, the conservative establishment, and the courts to set him free by Sarah Weinman.4. Taking People With You by David Novak5. Work won't love you back : how devotion to our jobs keeps us exploited, exhausted, and alone by Sarah Jaffe.6. More than ready : be strong and be you, and other lessons for women of color on the rise by Cecilia Muñoz.7. Lessons from the Navy : how to earn trust, lead teams, and achieve organizational excellence by Mark Brouker.

Lina Khan first became known for a 2017 article she wrote for the Yale Law Journal, called "Amazon's Antitrust Paradox." Then a twenty-seven-year-old law student, she made strong arguments in favor of regulating big tech companies. The article established Khan as a central figure in a new generation of antitrust activists, who charge the government with complicity in corporate consolidation, and see the lack of regulation as contributing to social and economic disparities. Earlier this year, President Biden appointed Khan to be chair of the Federal Trade Commission, which enforces federal antitrust law. Sheelah Kolhatkar joins Dorothy Wickenden to discuss the history of monopolies in the U.S., how Lina Khan is aggressively pursuing malefactors in Silicon Valley, and the challenges she faces.

Twitter co-founder Jack Dorsey is no longer the CEO of Twitter. Why did he leave? And what does the choice of his successor, Parag Agrawal, tell us about Twitter's future? Bloomberg's Kurt Wagner sits down with Recode's Peter Kafka to discuss Dorsey's tenure as CEO and the reasons behind his decision to step down. Then the New Yorker's Sheelah Kolhatkar joins the show to talk about the Biden administration's campaign to rein in Big Tech. Kolhatkar recently profiled Lina Khan, an antitrust academic who now heads up the FTC. Khan and other Biden appointees want to reframe antitrust law and shrink tech giants like Facebook, which was not part of Biden's election campaign. What changed? Featuring: Kurt Wagner (@KurtWagner8), Reporter for Bloomberg Business Sheelah Kolhatkar (@sheelahk) Staff Writer at The New Yorker Host: Peter Kafka (@pkafka), Senior Editor at Recode More to explore: Subscribe for free to Recode Media, Peter Kafka, one of the media industry's most acclaimed reporters, talks to business titans, journalists, comedians, and more to get their take on today's media landscape. About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ali Velshi is joined by Transportation Secretary Pete Buttigieg, Georgia Secretary of State Brad Raffensperger, Congressman Dan Kildee, Investopedia's Caleb Silver, the New Yorker's Sheelah Kolhatkar, Politico's Kyle Cheney, The Washington Post's Carol Leonnig, NYU history professor Ruth Ben-Ghiat, NBC's Leigh Ann Caldwell and Kristen Welker, MSNBC columnist Dean Obeidallah, Princeton professor Imani Perry, and former federal prosecutor Paul Butler.

Ali Velshi is joined by Congressman Pete Aguilar, Senator Sherrod Brown, the Washington Post's Philip Bump and Jacqueline Alemany, Professor Kellie Carter Jackson, Transhealth CEO Dallas Ducar, Eurasia Group President Ian Bremmer, the New Yorker's Sheelah Kolhatkar, and Bloomberg's Tim O'Brien. 

David Remnick talks with Senator Michael Bennet, of Colorado, who campaigned for the Presidency in 2020 advocating for the child tax credit, which is now a centerpiece of the Democratic agenda. Bennet describes why direct cash payments make such a big difference. Our economics correspondent Sheelah Kolhatkar describes the policy as a scale model of universal basic income. She moderates a conversation between two academics on different sides of the issue: Michael Strain, a senior fellow and the director of economic-policy studies at the American Enterprise Institute, and Amy Castro, an assistant professor at the University of Pennsylvania. Plus, Radio Hour listeners go toe to toe in a round of The New Yorker's Name Drop, a new quiz.

The child tax credit, received by more than thirty-five million families, isn't entirely new. But the way it's distributed is almost a revolution in American politics: instead of showing up once a year at tax time, the government also provides money ahead of time, in predictable monthly payments. Wide-scale, direct cash payments are anathema to Reagan-era austerity economics. Is this policy the first sign that that consensus may be coming to an end? David Remnick talks with Senator Michael Bennet, of Colorado, who campaigned for the Presidency on this issue in 2020, and is now fighting to extend the tax credits indefinitely.  For Sheelah Kolhatkar, who covers economics and business, the child tax credit can be seen as a kind of scale model of universal basic income. She moderates a conversation between two academics on different sides of the issue: Michael Strain, a senior fellow and the director of economic-policy studies at the American Enterprise Institute, and Amy Castro, an assistant professor at the University of Pennsylvania. Castro leads the Stockton Experiment, a small-scale U.B.I. project in the California city that, she says, has surprisingly robust results.

Ali Velshi is joined by Congressman Jim Clyburn, Congressman Mondaire Jones, Congressman French Hill, Arizona Secretary of State Katie Hobbs, New York Times reporter Katie Benner, Thomas Bollyky of the Council on Foreign Relations,  the New Yorker's Sheelah Kolhatkar, the New Yorker's Jelani Cobb, founder of the Progress Network at New America Zachary Karabell, The 19th's Errin Haines,  NBC's Jake Ward, and NBC's Kerry Sanders.

Ali Velshi is joined by Sen. Bernie Sanders, Sen. Debbie Stabenow, House Majority Whip Rep. Jim Clyburn, St. Louis Mayor-elect Tishaura Jones, The New York Times justice reporter Katie Benner, criminal defense attorney Yodit Tewolde, Investopedia's Caleb Silver, Sheelah Kolhatkar of The New Yorker, Errin Haines from the 19th*, and MSNBC's Ali Arouzi & Hayes Brown.

The investigative reporter Jane Mayer recently received a recording of a meeting attended by conservative power brokers including Grover Norquist, representatives of PACs funded by Charles Koch, and an aide to Senator Mitch McConnell. The subject was the voting-rights bill H.R. 1, and the mood was anxious. The bill (which we discussed in last week’s episode) would broadly make voting more accessible, which tends to benefit Democratic candidates, and it would raise the curtain on “dark money” in elections with stringent disclosure requirements. The problem for this group, a political strategist says, is that the bill is popular among voters of both parties, but H.R. 1, they insist, must die. As we hear the participants tick through options to tarnish the bill’s public appeal, Mayer notes how the political winds have shifted in Washington, leaving the Republican coalition newly fragile. Plus, Dorothy Brown, a professor of tax law, uncovers how the seemingly race-neutral tax code compounds many inequalities in American life, and prevents Black people from building wealth. She talks with Sheelah Kolhatkar about her new book, “The Whiteness of Wealth.”

In late 2019, the House of Representatives voted to impeach Donald Trump for abuse of power and obstruction of justice. This week, the President was impeached a second time, for inciting the January 6th insurrection against the government. Perhaps as significantly, several tech companies, including the biggest social-media platforms, have severed ties with the President, suspending or eliminating his accounts, and many of the country’s largest corporations have halted donations to the Republican members of Congress who objected to certifying the election of Joe Biden. Sheelah Kolhatkar joins Dorothy Wickenden to discuss Big Tech’s new opposition to Trump’s rhetoric and the role that social-media platforms play in government.

Last week, President Trump declared his intention to “ban” TikTok, a social-media platform with eighty million daily users in the United States. TikTok is a product of the Chinese tech company ByteDance, and some privacy activists have raised concerns that the company may share user data with the Chinese government. Sheelah Kolhatkar joins Dorothy Wickenden to discuss what the controversy reveals about U.S.-Chinese relations and the changing politics around Big Tech.

Mark Cuban identifies as a capitalist, but the billionaire investor, “Shark Tank” star, and Dallas Mavericks owner has been advocating for changes that point to a different kind of politics. Cuban tells Sheelah Kolhatkar that the economic crisis now requires massive government investment to stabilize the economy from the bottom up; he’s pushing a federal jobs program that would warm the heart of Bernie Sanders. “We are literally going from America 1.0,” he said, “to trying to figure out what America 2.0 is going to look like.” Plus, Katy Waldman picks three novels that provide comic relief; and Susan Orlean gets a life lesson in origami.

Whilst the UK are set to overtake Italy with nearly 15,000 coronavirus deaths, Germany have recorded under 5,000 deaths. Jens Spahn, the German Health Minister, joins Christiane Amanpour to reflect on how his country's policy of intensive testing as well as their high ICU bed capacity have helped to reduce mortality rates. Amid this pandemic we have seen fascinating effects on our climate; from a huge reduction in pollution levels to changing behaviors in animals. Climate Scientist Katharine Hayhoe talks about the climate crisis that will still be present and need addressing when the lockdown lifts. Her husband Andrew Farley happens to be an evangelical pastor and meditates on the news that some religious communities are failing to adhere to social distancing measures. He urges us to use 'common Godly sense' to protect ourselves and others. The crisis is testing economies around the world, with 22 million Americans filing for unemployment. Sheila Bair is the former chair of the Federal Deposit Insurance Corporation which works to make banking safer for communities. She speaks to our contributor Sheelah Kolhatkar about how to ensure we don't repeat the mistakes of the 2008 bailout. Archie Brown, author of "The Human Factor," wants to dispel the theory that the Cold War was won through military might and economic superiority. He argues that it was down to the stellar leadership of UK Prime Minister Margaret Thatcher and U.S. President Ronald Reagan that seized opportunity and paved the wave to success. He unpacks the lessons learnt that can be applied to our war against Covid-19 today.

  If you like global intrigue, financial crime, wealth porn, and absurdity, “Billion Dollar Whale,” by Tom Wright and Bradley Hope, is for you. It’s the story of Jho Low, an enterprising businessman from Malaysia who used his social connections to the country’s former Prime Minister Najib Razak to transform himself into an international financier. According to Wright and Hope’s account, Low persuaded Razak to create an investment fund, 1MDB, financed with government money, which Low managed behind the scenes. Goldman Sachs and other banks helped raise ten billion dollars for the fund. Then approximately five billion dollars of the money disappeared, prompting an international scandal. Sheelah Kolhatkar; September 28, 2018; The New Yorker "I met these guys, and said to my girlfriend Anne, ‘these guys are #@&%ing criminals… this is a #@&%ing scam, anybody who does this has stolen money.‘ You wouldn't spend money you worked for like that." Jordan Belfort; January, 2017; com "I am very pleased to confirm that a landmark comprehensive, global settlement has been reached with the United States government." Jho Low; October, 2019   This week on InSecurity, Matt Stephenson welcomes Pulitzer Prize nominated journalist Bradley Hope for a conversation detailing the mindboggling saga of Jho Low and his jaw dropping tale of theft and debauchery. How do you break into Hollywood, New York society and Global Financial Markets? Having $5 BILLION in purloined money in your pocket certainly helps. Stick around…   About Bradley Hope   Bradley Hope (@bradleyhope) has worked for the Wall Street Journal for the last four years, covering finance and malfeasance from New York City and London.   Before that, he spent six years as a correspondent in the Middle East, where he covered the Arab Spring uprisings from Cairo, Tripoli, Tunis, and Beirut. He was detained by authorities in Bahrain, reported from the front lines of the Libyan civil war, and has been teargassed in raucous Egyptian protests.   Bradley is a Pulitzer finalist and a Loeb winner, and also author of Last Days of the Pharaoh, a chronicle of the final days and hours of the presidency of Hosni Mubarak.     “Billion Dollar Whale,” an Absurd Tale of Financial Fraud     The definitive inside account of the 1MDB scandal, a true life thriller about a modern Gatsby who managed to swindle over $5 billion with the aid of Goldman Sachs and others.   Billion Dollar Whalre is an epic tale that exposes the secret nexus of elite wealth, banking, Hollywood, and politics from two award-winning Wall Street Journal reporters.   In 2009, with the dust yet to settle on the financial crisis, a baby-faced, seemingly mild-mannered Wharton grad began setting in motion a fraud of unprecedented gall and magnitude--one that would come to symbolize the next great threat to the global financial system. His name is Jho Low, a man whose behavior was so preposterous he might seem made up.    An epic true-tale of hubris and greed, Billion Dollar Whale reveals how this young social climber pulled off one of the biggest heists in history--right under the nose of the global financial industry. Federal agents who helped unravel Bernie Madoff's Ponzi scheme say the 1MDB affair will become the textbook case of financial fraud in the modern age--and its fallout is already being credited for taking down the prime minister of Malaysia.    For readers of Liar's Poker, Den of Thieves, and Bad Blood, Billion Dollar Whale will become a classic, harrowing parable about finance run amok.    About Matt Stephenson   Insecurity Podcast host Matt Stephenson (@packmatt73) leads the Security Technology team at Cylance, which puts him in front of crowds, cameras, and microphones all over the world. He is the regular host of InSecurity podcast and video series at events all over the world.   Twenty years of work with the world’s largest security, storage, and recovery companies has introduced Stephenson to some of the most fascinating people in the industry. He wants to get those stories told so that others can learn from what has come   Every week on InSecurity, Matt interviews leading authorities in the security industry to gain an expert perspective on topics including risk management, security control friction, compliance issues, and building a culture of security. Each episode provides relevant insights for security practitioners and business leaders working to improve their organization’s security posture and bottom line.   Can’t get enough of Insecurity? You can find us at ThreatVector InSecurity Podcasts, Apple Podcasts and GooglePlay as well as Spotify, Stitcher, SoundCloud, I Heart Radio and wherever you get your podcasts!   Make sure you Subscribe, Rate and Review!

Bethany speaks to Black Edge author and New Yorker writer Sheelah Kolhatkar on the issue of short termism highlighting how Panera does things differently. They discuss why a focus on producing profits NOW can divert research and development dollars that could have a big impact to the company in the future. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week, Dan and Eric discuss recent experiences--Dan went to a Vermont conference for Jewish writers, Eric saw two concerts.  They discuss the shame a person in their 40s might feel when engaging in a purely recreational activity.  Then, onto the New Yorker.  D and E talk Sorkin Davidson on Biden and Trump; Sheelah Kolhatkar on policy dynamo Elizabeth Warren; and Peter Schjeldahl on American bard Walt Whitman.  Plus: the two hosts talk about the evolving editorial synchrony between the New Yorker magazine, its website and its podcasts.

As Senator Warren’s presidential candidacy gathers momentum, the Democratic establishment is nervously reckoning with the leftward drift of the party. Warren has a reputation for progressive policy ideas, but she is distancing herself from Bernie Sanders-style democratic socialism. Instead, she is casting herself as a pragmatist who has reasonable plans to reform education, health care, and a financial system that advantages the very rich. Sheelah Kolhatkar joins Dorothy Wickenden to discuss Warren's critique of 21st-century capitalism, and voters' concerns about whether she could beat Donald Trump.

Dan and Eric discuss the February 4th issue of the New Yorker.  They talk about Amy Davidson Sorkin's long career at the magazine, and her piece on a supreme court gun rights case; Louis Menand's piece on the history of white nationalism in the USA; Sheelah Kolhatkar's article about whistle-blowers; and Sarah Larson's criticism of the new Broadway revival of Sam Shepard's classic play, "True West."  Plus, we talk about poetry by Brenda Shaghnessy!

Silicon Valley may be the center of the tech world right now, but Kai-Fu Lee says that’s going to change, and fast. Lee—a computer scientist who worked at Apple, Microsoft, and Google before becoming a venture capitalist—predicts that China will soon overtake the United States as the world leader in innovation. Lee points to the company WeChat as an example; it’s a one-stop shop for all the many things that people use apps for: texting, ride hailing, ordering food or movie tickets, and even paying for those services. WeChat “has essentially eliminated credit cards . . . which have become a dinosaur in China,” Lee tells the New Yorker staff writer Sheelah Kolhatkar. The enormous customer bases for Chinese services mean that the tech sector has more data to use for machine learning, and therefore its algorithms become “smarter” faster. The U.S., Kolhatkar thinks, does have legitimate complaints about Chinese economic policy, but the Administration’s use of tariffs as a lever is backward-looking. If China’s development of artificial intelligence surpasses ours, Chinese entrepreneurs will beat out Silicon Valley and hold the key to the future.

In this episode, I give "My 3 Thoughts" of the book "Black Edge" by Sheelah Kolhatkar, which are: 1. A brief history of Hedge Funds 2. Everyone was doing it 3. Having good lawyers -My 2017 stats: http://bit.ly/2r3WTOp -2018 Reading Challange: http://bit.ly/2DdJDeZ -Want To Read List: http://bit.ly/2EJ27RD -Instagram: bit.ly/2rglmg9 -Twitter: http://bit.ly/2joINAC -Facebook: http://bit.ly/2DfYDZH --- Support this podcast: https://anchor.fm/anotherweekinthebooks/support

This Tuesday's election didn't quite end with the big, blue wave Democrats might have hoped for. But the flip from red to blue in the House of Representatives will change the political landscape and could affect fiscal policies. From financial regulations to trade to consumer protections to infrastructure spending — they’re all issues Democrats have been wanting to tackle following changes put in place by the Trump administration over the past two years. For example, California representative Maxine Waters is expected to chair the House Financial Services Committee and that could mean more hearings featuring CEOs from the biggest banks, not to mention investigations into the finances of the president's family business. This week on Money Talking, Charlie Herman talks to Sheelah Kolhatkar, staff writer at The New Yorker, and Joe Nocera, columnist for Bloomberg, about what the change in the House means for Wall Street and Main Street.

Though President Trump has claimed that trade wars are "easy to win," in states like North Dakota, Ohio, and Tennessee, the effects of protectionist tariffs on Chinese-made goods — and China’s sixty billion dollars in retaliatory duties — could give Democrats control of the Senate. On the New Yorker Radio Hour, staff writers John Cassidy and Sheelah Kolhatkar, parse how candidates in both parties are navigating a new economic order.     

Indra Nooyi, the CEO of PepsiCo, announced this week that she is stepping down after leading that company for 12 years. With her departure, that leaves 24 female CEOs at companies in the S&P 500 index, less than five percent.  Earlier this year, during an interview with the podcast Freakonomics, Nooyi spoke about the challenges of getting and keeping women in top positions. "How are you going to attract women to the workforce, where we need them, but allow them to balance having a family…and still allow them to contribute productively to the workforce?" she said. "I don’t have an answer to that. It’s got to be a concerted effort on the part of governments, societies, families, companies — all of us coming together." Yet despite efforts to promote women to leadership roles in companies, the number of female CEO’s declined compared to last year, and for women of color, the situation is worse. According to statistics from Catalyst, a nonprofit research and consulting firm, women of color account for about four percent of senior level officers and managers at S&P 500 companies, while white women make up about 21 percent. This week on Money Talking, host Charlie Herman examines why so few women are leading companies with Sheelah Kolhatkar, staff writer for The New Yorker who wrote about Nooyi and the vanishing female CEO.

Since its founding less than a decade ago, Uber has grown from a taxi-booking start-up in San Francisco to a multi-billion dollar company operating in 73 countries with 18,000 employees. And the fast-growing company has big ambitions, including plans to go public next year. But while it prepares for that milestone, Uber is facing a lot of challenges. The company is fighting regulations, protests and competitors all over the world. It's also trying to recover from a string of scandals, including reports of a toxic culture and multiple allegations of harassment and discrimination that led to the ouster of Uber’s founder, Travis Kalanick. On top of that, a huge Uber project to develop its own self-driving cars ground to a halt after a fatal crash in Arizona last month. At this critical moment, the company has brought on a new leader: Dara Khosrowshahi, the good-natured, former C.E.O of Expedia, has been charged with changing the internal culture of Uber while repairing the brand's external image. This week on Money Talking, Charlie Herman speaks with Sheelah Kolhatkar, staff writer at The New Yorker who recently published a profile of Khosrowshahi for the magazine.

Sheelah Kolhatkar is a staff writer at The New Yorker and is a former hedge fund analyst. Her book, Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street, tells the story of Steven A. Cohen and his involvement in the largest insider-trading scandal in U.S history. The book is one of the five finalists selected for NYPL's Helen Bernstein Book Award for Excellence in Journalism. Kolhatkar dropped by the Library to discuss how she wrote this real-life thriller, what Cohen is up to today, and why people outside of the financial world should be paying attention. 

Brief overview of the book then a career ending ramble about whether or not insider trading should be illegal.

Before he was known for an insider trading scandal, Steven Cohen was known as the “hedge fund king,” bringing sky-high returns to clients at his super successful firm, SAC Capital Advisors — and serving as an inspiration for the Showtime series “Billions.” Now, Cohen is looking to get back into business after a two-year ban on trading other people’s money ended at the start of this year. With his new company, Point72 Asset Management, Cohen is once again courting clients and their billions — up to $4 billion, according to a recent report from Bloomberg. What does his comeback mean for Wall Street? This week on Money Talking, Charlie Herman talks with Sheelah Kolhatkar, staff writer at The New Yorker and author of “Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street" about the investigation of Cohen and the downfall of SAC.

As the new Republican tax bill goes into effect, big banks are reporting billions of dollars in losses thanks to one-time charges stemming from the new rules. But in the long-term, the tax rules give financial firms a lot to celebrate with the corporate tax rate dropping from 35 percent to 21 percent. And some banks expect to pay an effective tax rate as low as 17 percent. It’s a boon expected to push profits higher in 2018, just as Congress is debating rolling back banking regulations that were put into place in the aftermath the financial crisis ten years ago. This week on Money Talking, Charlie Herman talks to two Wall Street experts — New Yorker writer Sheelah Kolhatkar and New York Times reporter Jim Tankersley — about how the banking world is reacting to the big changes coming from Washington.

Ever wonder how Wall Street works? I mean, really? We see how Wall Street is portrayed in dramatic movies, like Wolf of Wall Street and The Big Short, and of course the iconic movie Wall Street with Michael Douglas. Personally, I’m obsessed with the show time show Billions. So, how accurate are these portrayals really? Today we go behind the scenes thanks to our guest and her groundbreaking reporting. Sheelah Kolhatkar is a staff writer for The New Yorker, and has published her first book called Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street. We’re not talking about Bernie Madoff. This book details the story of a billionaire trader Steven A. Cohen, and the rise and fall of his hedge fund SAC Capital. It is the largest inside our trading investigation in history. This is the kicker, Cohen was never charged. We will dive into all of this with Sheelah, as well as her background as a former hedge fund analyst herself. How did that experience bring her to her role today as an investigative business reporter? As I mentioned, she is currently a staff writer for The New Yorker, where she covers Wall Street and Silicon Valley, the economy and national politics. She also writes the magazine’s financial page and is a regular contributor to NPR’s marketplace. To learn more visit www.somoneypodcast.com.

Nearly two weeks after Hurricane Maria, Puerto Ricans are still struggle with a lack of water, power and food. Looking for ways to help, President Trump had a suggestion that caused a lot of unhappiness on Wall Street: wipe out the island's more than $70 billion in debt. According to William D. Cohan a journalist who wrote about the island's debt for Vanity Fair, this type of financial crisis is especially difficult. "There's no cash flow, so there's nothing really to reorganize around," said Cohan, "negotiations are continuing but it's going to be really ugly and painful."  This week on Money Talking, Charlie Herman talks with Cohan and Sheelah Kolhatkar, a staff writer at The New Yorker, about the state of Puerto Rico’s economy before and after Hurricane Maria and what it means for rebuilding on the island.

Since 2008, Big Think has been sharing big ideas from creative and curious minds. Since 2015, the Think Again podcast has been taking us out of our comfort zone, surprising our guests and Jason Gots, your host, with unexpected conversation starters from Big Think’s interview archives. Sheelah Kolhatkar is a staff writer at the New Yorker  and a former “risk arbitrage analyst” for two hedge funds in New York City. For the New Yorker, Sheelah writes about Wall Street, Silicon Valley, economics and national politics, among other things. Her latest book is the New York Times bestseller Black Edge, about the largest insider trading investigation in history and the transformation of Wall Street and the U.S. economy. This week’s episode is a departure for us – a deep dive into the personalities, culture, and ideas driving the big banks and the hedge funds of Wall Street. Jason and Sheelah talk about what it was like for her as a woman in that male-dominated industry, how hedge funds have reshaped the whole Wall Street landscape and with it, the global economy, and why billionaire investors are almost required to collect Picassos. Surprise conversation starter interview clips in this episode: Neuroscientist Tristan Harris on how companies exploit our brains’ vulnerabilities. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sheelah Kolhatkar is a writer at the The New Yorker, who was previously a journalist at Bloomberg Businessweek, and prior to that, a hedge fund analyst. She’s also the author of New York Times bestseller, Black Edge: Inside Information, Dirty Money and the Quest to Bring Down the Most Wanted Man on Wall Street. Of course, the most wanted man being referred to, is the ultra-wealthy hedge fund legend, Steven Cohen of S.A.C. Capital Advisors—someone who Sheelah has become very familiar with, through much of her own tireless and strenuous research… During our conversation, Sheelah gives color to; where Steven started out in life and how he became an ultra-wealthy multi-billionaire—with, might I add, an elaborate art collection, how S.A.C. became the target of one of histories greatest insider trading investigations, and ultimately, how it all played out...

How is financial risk quantified by those within the system, and what are the human factors – gut feelings, hormones and/or emotions – that impact that? From risky lending practices, to packaged financial instruments like mortgage-backed securities no-one really understood, the post-mortem on the financial crisis revealed the degree to which human irrationality, bias and cognitive errors drove the financial decisions of those at the top. Rotman School of Business Professor Dilip Soman sits down with journalist Sheelah Kolhatkar and researcher Dr. John Coates to explore the confluence of economics, psychology and neuroscience that influence human decision-making in a sector whose actions dictate the well-being of the world.

Martin Shkreli is often described as the "most hated man in America” for raising the price of a lifesaving drug by 5,000%, earning him the nickname "Pharma bro." Shkreli said his pharmaceutical company raised the price of Daraprim from $13.50 a pill to $750 in order to spend that money on research for an alternative drug, a claim which medical experts widely derided. Now, Shkreli is back in the news and on trial for securities fraud, and while others in his situation might sit quietly and await the verdict, that's not what Shkreli is doing. He can't help himself from making even more attention grabbing headlines.  This week on Money Talking, Host Charlie Herman talks with Renae Merle, a Wall Street and white collar crime reporter for the Washington Post, and Sheelah Kolhatkar, staff writer for the The New Yorker and author of Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street about Shkreli’s case and what it could say about the prosecution of white collar crimes.

This week, one tumultuous Uber ride came to an end, with the resignation of CEO Travis Kalanick. Just last week, Kalanick announced he was taking an indefinite leave of absence, but investors had had enough, and forced him to step down. It's the latest development  after years of negative stories about the company's corporate culture and business practices. Now, questions turn to what's next for the ride-hailing app that had dreams of changing the face of transportation. This week on Money Talking, Host Charlie Herman talks with Sheelah Kolhatkar with The New Yorker and Reeves Wiedeman with New York Magazine about the future of Uber and what it says about Silicon Valley.

The Trump administration is proposing to revise and change banking regulations that were put in place after the financial crisis. On Monday, the Treasury Department released a report outlining it's plans to do so. This comes after House Republicans last week passed a bill — the Financial CHOICE Act — that would roll back regulations even further. The bill, which was introduced by the Representative Jeb Hensarling of Texas, would weaken the Consumer Financial Protection Bureau and the Financial Stability Oversight Council and gut the Dodd-Frank financial reform law passed in the aftermath of the financial crash. The bill is headed to the Senate for consideration. This week on Money Talking, host Charlie Herman talks with Rana Foroohar from the Financial Times and Sheelah Kolhatkar from the New Yorker about the President's plans and the House bill, and what these changes could mean for the economy and consumers' pocketbooks?

Sheelah Kolhatkar is a staff writer at The New Yorker and the author of Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street. “Suddenly the financial crisis happened and all this stuff that had been hidden from view came out into the open. It was like, ‘Oh, this was actually all kind of a big façade.’ And there was all this fraud and stealing and manipulation and corruption, and all these other things going on underneath the whole shiny rock star surface. And that really also demonstrated to people how connected business stories, or anything to do with money, are to everything else going on. I mean, really almost everything that happens in our world, if you trace it back to its source, it’s money at the root of it.” Thanks to MailChimp, Blue Apron, and Stamps.com for sponsoring this week's episode. @sheelahk sheelahkolhatkar.com Kolhatkar on Longform [00:15] SAIC Application [00:30] Pregnant Pause [01:15] Missing Richard Simmons [04:00] Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street (Random House • 2017) [07:30] Kolhatkar’s Observer archive [09:15] "Suzy Wetlaufer Preparing To Be 'Neutron Jackie'" (Observer • Apr 2004) [15:00] "Hedge Funds Are for Suckers" (Bloomberg • Jul 2013) [17:45] Kolhatkar’s Time archive [18:00] "Poor Ruth" (New York • Jul 2009) [26:30] "When the Feds Went After the Hedge-Fund Legend Steven A. Cohen" (New Yorker • Jan 2017) [27:00] "Cheating, Incorporated" (Bloomberg • Feb 2011) [29:15] "The $40-Million Elbow" (Nick Paumgarten • New Yorker • Oct 2006) [35:15] "On the Trail of SAC Capital’s Steven Cohen" (Bloomberg • Jan 2013) [53:45] To Catch a Trader [58:15] "Trump’s Wolves of Wall Street" (New Yorker • Dec 2016) [59:45] "Juno Takes on Uber" (New Yorker • Oct 2016) [59:45] "Financiers Fight Over the American Dream" (New Yorker • Mar 2017)

Hosts Felix Salmon of Fusion, Slate Moneybox columnist Jordan Weissmann, and Sheelah Kolhatkar, New Yorker staff writer  and author of Black Edge, discuss the turmoil at Bridgewater Management, how a hedge funder tried to take down Herbalife, and the insider trading allegations covered in Black Edge. Slate Money is brought to you by Casper, an online retailer of premium mattresses. Get 50 dollars toward any mattress purchase by going to Casper.com/SlateMoney and using the promo code Casper.com/SlateMoney And by Freshbooks. FreshBooks has launched an all new version of their cloud accounting software so you can spend more time doing the work you love, and less time stressing over your paperwork. For your 30 day free trial, go to FreshBooks.com/Slatemoney and enter Slatemoney in the how did you hear about us section. And by ZipRecruiter. Post your job listing to all the top job sites with a single click. Try it for free by going to ZipRecruiter.com/Money Learn more about your ad choices. Visit megaphone.fm/adchoices

Hosts Felix Salmon of Fusion, Slate Moneybox columnist Jordan Weissmann, and Sheelah Kolhatkar, New Yorker staff writer  and author of Black Edge, discuss the turmoil at Bridgewater Management, how a hedge funder tried to take down Herbalife, and the insider trading allegations covered in Black Edge. Slate Money is brought to you by Casper, an online retailer of premium mattresses. Get 50 dollars toward any mattress purchase by going to Casper.com/SlateMoney and using the promo code Casper.com/SlateMoney And by Freshbooks. FreshBooks has launched an all new version of their cloud accounting software so you can spend more time doing the work you love, and less time stressing over your paperwork. For your 30 day free trial, go to FreshBooks.com/Slatemoney and enter Slatemoney in the how did you hear about us section. And by ZipRecruiter. Post your job listing to all the top job sites with a single click. Try it for free by going to ZipRecruiter.com/Money Learn more about your ad choices. Visit megaphone.fm/adchoices

There was a lot of excitement about Snapchat’s parent company going public yesterday, but not everything's rosy in Silicon Valley. Uber has been facing a string of problems: drivers and users protesting the CEO's membership in an advisory group counseling President Trump, claims of sexual harassment, and allegations Uber stole self-driving technology from Google.  And then just this week, a daschcam video showed Uber CEO Travis Kalanick getting into an argument with Fawzi Kamel, an Uber Black driver who confronted the CEO for dropping prices and leaving workers like him out to dry. It didn’t end well. This Week on Money Talking, Sheelah Kolhatkar of The New Yorker and Joe Nocera of Bloomberg View look at where the company and its CEO stand, and whether they can drive through the storm.    

First, Twitter erupted with calls to #BoycottUber. Then came similar demands to #BoycottStarbucks. Both were responses from either side of the political aisle after President Donald Trump's executive order temporarily blocking immigration from seven Muslim-majority nations. Two weeks into the new administration, it seems like CEO's of the country's biggest companies are under pressure to declare political alliances and take moral stands, or risk public outrage. But businesses not only respond to consumers, they're also affected by employees, shareholders and, yes, the government. This week on Money Talking, host Charlie Herman discusses whether business and politics should remain separate and the role CEO’s will play in the coming years with Sheelah Kolhatkar of The New Yorker and Joe Nocera of Bloomberg View.

The businessmen President-elect Donald Trump picked to lead the country's economic team testified before the Senate in their confirmation hearings this week, giving a preview of how they might run the county's finances, and whether they're in line with the policies of their soon-to-be boss. During his hearing, Commerce Secretary nominee Wilbur Ross, who made money buying and then later selling failing businesses, told senators he wasn't against international trade, but he would consider tariffs that ensured the U.S. didn't get the short end of the deal. Treasury Secretary nominee Steven Mnuchin, a former Goldman Sachs backer, said that while he wasn't against regulation, he was for loosening limits on banks, especially small to medium-sized ones.  This week on Money Talking, Charlie Herman takes a look what the hearings revealed about Trump's picks with Sheelah Kolhatkar of The New Yorker and Jesse Eisinger of ProPublica.  

Wall Street never really embraced Donald Trump during the presidential race, directing most of their money and support to Hillary Clinton. Perhaps for good reason — while on the campaign trail,  Trump pledged to get rid of tax loopholes that favor hedge fund managers and even called to reinstate the Glass-Steagall Act of 1933. But now that the election has passed and president-Elect Trump struggles to fill his administration with appointed officials and cabinet secretaries, some people in New York are already getting on-board: Wall Street. You can see it not only in the rising stock market, but in recent comments from leaders of the financial industry. This week on Money Talking, Sheelah Kolhatkar of The New Yorker and Aaron Elstein with Crain's New York Business discuss Wall Street’s new found love for Trump, and what that could mean for his presidency. 

Those calling for Hillary Clinton to release more information about her paid speeches to Wall Street executives got a small victory after WikiLeaks published what appear to be full transcripts of three speaking engagements with Goldman Sachs back in 2013. (Read the full transcripts here.) The documents came from a hack of the email account of John Podesta, chairman of Clinton's presidential campaign, and WikiLeaks had been releasing excerpts for a week before revealing them entirely. The Clinton campaign hasn't verified the transcripts' authenticity. This week on Money Talking business writer William D. Cohan and Sheelah Kolhatkar of The New Yorker discuss what Clinton apparently said to wealthy financiers behind closed doors.

John Stumpf, CEO of Wells Fargo, faced another round of criticism, outrage and anger during a Congressional hearing Thursday. It was his second trip to Capitol Hill after the bank agreed to pay $185 million to settle accusations it had engaged in illegal banking activities — specifically, opening more than 2 million accounts on behalf of customers without their knowledge. The bank continues to deny any wrongdoing, but Stumpf is now forfeit $41 million in stock awards and any bonuses this year. Carrie Tolstedt, the executive who ran the branch in question and retired this summer with $124.6 million in stock and options, will have to give up $19 million in stock awards. This week on Money Talking, Rana Foroohar, author of "Makers and Takers: The Rise of Finance & the Fall of American Business" and Sheelah Kolhatkar, staff writer at The New Yorker, take a second look at the increasing anger towards the bank and its consequences.

Another bank is in the headlines, paying millions of dollars in fines to settle charges of illegal banking practices. This time, it’s Wells Fargo. According to the Consumer Financial Protection Bureau (CFPB), employees at the bank opened accounts and applied for credit cards in the name of existing customers for years without their consent. Wells Fargo didn't admit or deny wrongdoing, but it will pay $100 million in fines to the CFPB — the largest penalty the federal agency has ever imposed. It will also pay an extra $35 million to the Office of the Comptroller of the Currency and $50 million to the City and County of Los Angeles, according to an CFPB statement. The fines amount to a bit more than the $124.6 million in stock and options Carrie Tolstedt, the former executive who headed the unit under question, left with when she retired this summer. Now the bank is reported to be facing investigations by the U.S. Attorneys in New York and California. And CEO John Stumpf is to testify before the Senate banking committee next week. This week on Money Talking, Rana Foroohar of Time Magazine and Sheelah Kolhatkar of The New Yorker look at what Wells Fargo's behavior says about the country's banking culture and what repercussions there could be for the financial sector.

Two women dominate discussions about women in the workplace today: Sheryl Sandberg and Anne-Marie Slaughter. In this show New Yorker writer Sheelah Kolhatkar and I talk about each woman's message and philosophy and how they differ from one another. We also hear from some of you about what you think of them. And we ask what will galvanize change for women long-term - individual effort, or a system overhaul? See acast.com/privacy for privacy and opt-out information.

Women's conferences are springing up all over the place, promising empowerment, inspiration, and motivation. But at the end of the day are they galvanizing real change, or do they just make women feel good? My guests are SHE Summit founder Claudia Chan, and New Yorker writer Sheelah Kolhatkar. Her Business Week piece about women's conferences earlier this year inspired this episode. See acast.com/privacy for privacy and opt-out information.