Month: July 2019

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The Nod - The Man Who Beat the NCAA

Eric talks with Ed O’Bannon, a former professional basketball player whose landmark lawsuit forced a national conversation on whether the NCAA should pay college athletes. It’s a conversation with massive implications for the thousands of unpaid Black athletes whose work makes millions of dollars for their colleges. Strangely, all this started with a video game.

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The Daily Signal - #505: What’s Wrong With the $15 Minimum Wage?

House Democrats are poised to pass a $15 minimum wage this week—a policy that’s become more and more mainstream within the Democratic Party. But would it actually help workers? What effect would it have on the economy? And what effect has it already had in places where it’s been tried? We ask those questions and more in today's conversation with Rachel Greszler, a labor expert at The Heritage Foundation. Plus: The Netflix series "13 Reasons Why" removes a controversial scene depicting teen suicide. We discuss.We also cover these stories:-President Trump denies racism in weekend tweets, while Republican offer divided response-Justice Department decides not to bring civil rights charge against New York police officer in death of Eric Garner-Sen. Josh Hawley, R-Mo., introduces bills aimed at reining in college tuition and student loan debtThe Daily Signal podcast is available on Ricochet, iTunes, SoundCloud, Google Play, or Stitcher. All of our podcasts can be found at DailySignal.com/podcasts. If you like what you hear, please leave a review. You can also leave us a message at 202-608-6205 or write us at letters@dailysignal.com. Enjoy the show!

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SCOTUScast - North Carolina Department of Revenue v. The Kimberley Rice Kaestner 1992 Family Trust

On June 21, 2019, the Supreme Court decided North Carolina Department of Revenue v. The Kimberley Rice Kaestner 1992 Family Trust, a case considering the ability of states to tax trust income for in-state beneficiaries even when these beneficiaries do not receive any distributions.
About thirty years ago, Joseph Lee Rice II formed a trust for the benefit of his children and their families. The trust was formed in New York State and governed by New York law, as well as administered by a trustee who is a New York resident. Kimberley Rice Kaestner moved to North Carolina in 1997 and claimed residency from 2005-2008. After the move, the trustee opted to divide Rice’s initial trust into three separate subtrusts while still maintaining control of all three trusts. The trust at issue in this case is the Kimberley Rice Kaestner 1992 Family Trust (“Kaestner Trust”), which North Carolina sought to tax on the grounds that it “is for the benefit of” North Carolina residents. North Carolina taxed the trust for tax years 2005-2008, levying a bill of more than $1.3 million. The trustee paid the tax under protest and sued North Carolina in state court, arguing that the tax as applied to the Kaestner Trust violates the Due Process Clause of the Fourteenth Amendment. Kaestner had received no income from the trust during the years in question, the trust was governed by New York law, and the trustee did not live in North Carolina. The state courts ruled in favor of Kaestner, and the State of North Carolina obtained a grant of certiorari.
In a unanimous decision, the U.S. Supreme Court affirmed the judgment of the Supreme Court of North Carolina. In an opinion delivered by Justice Sotomayor, the Court held that “the presence of in-state beneficiaries alone does not empower a state to tax trust income that has not been distributed to the beneficiaries where the beneficiaries have no right to demand that income and are uncertain to receive it.” Justice Alito filed a concurring opinion, joined by the Chief Justice and Justice Gorsuch.
To discuss the case, we have Jon Urick, Senior Counsel for Litigation at the US Chamber Litigation Center.
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Lex Fridman Podcast - Kai-Fu Lee: AI Superpowers – China and Silicon Valley

Kai-Fu Lee is the Chairman and CEO of Sinovation Ventures that manages a 2 billion dollar dual currency investment fund with a focus on developing the next generation of Chinese high-tech companies. He is the former President of Google China and the founder of what is now called Microsoft Research Asia, an institute that trained many of the AI leaders in China, including CTOs or AI execs at Baidu, Tencent, Alibaba, Lenovo, and Huawei. He was named one of the 100 most influential people in the world by TIME Magazine. He is the author of seven best-selling books in Chinese, and most recently the New York Times best seller called AI Superpowers: China, Silicon Valley, and the New World Order. This conversation is part of the Artificial Intelligence podcast. If you would like to get more information about this podcast go to https://lexfridman.com/ai or connect with @lexfridman on Twitter, LinkedIn, Facebook, Medium, or YouTube where you can watch the video versions of these conversations. If you enjoy the podcast, please rate it 5 stars on iTunes or support it on Patreon.

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Cato Daily Podcast - National Security, Freedom to Trade, and Huawei

Chinese tech company Huawei is widely perceived to pose a threat to US national security. Considering the high costs of mitigating that threat the way US policy makers seem to be demanding, the US public first should be convinced that the threat is dire and that the prescribed measures are necessary. Dan Ikenson comments.

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Cato Daily Podcast - National Security, Freedom to Trade, and Huawei

Chinese tech company Huawei is widely perceived to pose a threat to US national security. Considering the high costs of mitigating that threat the way US policy makers seem to be demanding, the US public first should be convinced that the threat is dire and that the prescribed measures are necessary. Dan Ikenson comments.

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The Intelligence from The Economist - Tip of the ICE work: the immigration raids that weren’t

There was little evidence this weekend of the widespread immigration raids long promised by President Donald Trump. But his campaign of sowing fear seems to be working. Many of China’s infrastructure projects in Africa have been costly flops, and China is tightening its purse strings. Also, Colombia’s centuries-old ceremonies under the influence of a hallucinogenic brew are bringing in tourists and new problems.
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The Best One Yet - Budweiser cancels biggest IPO of 2019, France passes a US tech tax, and Bird’s profitability drama

Earth’s biggest brew-glomerate, Budweiser-owner AB InBev, was planning the biggest IPO of the year by spinning off its Asia unit — that was suddenly canceled before the weekend. France unveiled a “tech tax,” but it really looks like a tariff on Silicon Valley. And scooter icon Bird is our “dramatic unicorn of the day” for a debate raging on its profitability problems. Learn more about your ad choices. Visit podcastchoices.com/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.