The Russian invasion of Ukraine is marking a grim second anniversary. We hear from Ukrainians who are determined to remain in their homes, and what some Russians say about their country as it enters a third year of waging war on Ukraine.
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Planet Money - A controversial idea at the heart of Bidenomics
Réka Juhász is a professor of economics at the University of British Columbia, and she studies what's known as industrial policy.
That's the general term for whenever the government tries to promote specific sectors of the economy. The idea is that they might be able to supercharge growth by giving money to certain kinds of businesses, or by putting up trade barriers to protect certain industries. Economists have long been against it. Industrial policy has been called a "taboo" subject, and "one of the most toxic phrases" in economics. The mainstream view has been that industrial policy is inefficient, even harmful.
For a long time, politicians largely accepted that view. But in the past several years, countries have started to embrace industrial policy—most notably in the United States. Under President Biden, the U.S. is set to spend hundreds of billions of dollars on industrial policy, to fund things like microchip manufacturing and clean energy projects. It's one of the most ambitious tests of industrial policy in U.S. history. And the billion dollar question is ... will it work?
On today's show, Réka takes us on a fun, nerdy journey to explain the theory behind industrial policy, why it's so controversial, and where President Biden's big experiment might be headed.
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That's the general term for whenever the government tries to promote specific sectors of the economy. The idea is that they might be able to supercharge growth by giving money to certain kinds of businesses, or by putting up trade barriers to protect certain industries. Economists have long been against it. Industrial policy has been called a "taboo" subject, and "one of the most toxic phrases" in economics. The mainstream view has been that industrial policy is inefficient, even harmful.
For a long time, politicians largely accepted that view. But in the past several years, countries have started to embrace industrial policy—most notably in the United States. Under President Biden, the U.S. is set to spend hundreds of billions of dollars on industrial policy, to fund things like microchip manufacturing and clean energy projects. It's one of the most ambitious tests of industrial policy in U.S. history. And the billion dollar question is ... will it work?
On today's show, Réka takes us on a fun, nerdy journey to explain the theory behind industrial policy, why it's so controversial, and where President Biden's big experiment might be headed.
Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
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The Gist - So Close To China, They Can Hear The Music
Kinmen Islands is a part of Taiwan, but it's only five miles from China, the main Island of Taiwan laying over 100 miles across the Taiwan Straight. S. Leo Chiang is the director of the Oscar-nominated short documentary about Kinmen called Island In Between. Plus, a Magician apparates in the middle of the Democratic primaries. And, five years on, where would we be without the Green New Deal?
Produced by Joel Patterson and Corey Wara
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Reset with Sasha-Ann Simons - WBEZ’s Weekly News Recap: Feb. 23, 2024
Illinois Gov. JB Pritzker delivers his budget address. Chicago Mayor Brandon Johnson unveils a major economic development plan. Chicago closes four migrant shelters. Early voting resumes after a temporary pause. Reset goes behind the headlines of those stories and much more with WBEZ state politics reporter Dave McKinney, Crain’s Chicago Business government and politics reporter Justin Laurence and Brandis Friedman, co-anchor of WTTW’s “Chicago Tonight” and host of “Chicago Tonight: Black Voices.” For a full archive of Reset interviews, head over to wbez.org/reset.
Consider This from NPR - Kansas City Communities Continue Block By Block Efforts To Prevent Violence
In Kansas City neighborhood organizations do the work of violence prevention one block, and one person at at time.
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Cato Daily Podcast - FERC’s Quorum Problem and US Energy
The Federal Energy Regulatory Commission has a role to play in managing the multistate movement of energy, but it's not clear the agency will be able to do the job in the near term. Cato’s Travis Fisher explains.
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CrowdScience - Why do we have wisdom teeth?
Why do humans have wisdom teeth if so many of them get removed soon after they appear?
Wisdom teeth, the third molars in the back of our mouths, are so called because they normally appear in late teenage, early adulthood – the time in life we supposedly have learned some wisdom. But around 25% of people don’t develop all four. Of those that do emerge, it is not uncommon for them to appear at nasty angles, jutting into the tooth next door causing potentially dangerous infections and pain. Because of this, for decades many people have them surgically removed.
Listener Khaleel was preparing to have his remaining wisdom teeth removed when he wrote to CrowdScience to ask about them. Given that they can seem to cause more harm than good, why has evolution resulted in these troublesome teeth? But many people have perfectly uneventful relationships with their wisdom teeth, so have we perhaps removed more than we needed to over the years?
Anand Jagatia chews it over with the help of surgeons and dentists to try to extract the truth – why DO we have wisdom teeth?
Featuring: Tanya M Smith, Professor in the Australian Research Centre for Human Evolution at Griffith University, Australia Patrick Magennis, Consultant Oral & Maxillofacial Surgeon at University Hospitals Aintree, Liverpool UK Verena Toedtling, Dentist and Specialist Oral Surgeon, UK
Presented by Anand Jagatia Produced by Alex Mansfield
The Daily Signal - CBS Seizes Files of Reporter Investigating Hunter Biden, Trump Condemns Persecution of Christians, Nathan Wade’s Cell Phone Data | Feb. 23
TOP NEWS | On today’s Daily Signal Top News, we break down:
- CBS News seizes files and computer of reporter investigating Hunter Biden’s laptop.
- Former President Donald Trump compares the criminal indictments he faces to the Biden administration’s targeting of Christians.
- New information suggests Fulton County District Attorney Fani Willis may have been in a relationship with lead prosecutor Nathan Wade before she hired him.
- A proposed rule out of the Biden administration would harm pro-life centers, according to former Vice President Mike Pence’s organization.
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Motley Fool Money - It’s NVIDIA’s world and we’re just living in it!
Earnings season rolls on plus some acquisitions made the news this week:
(00:21) Emily Flippen and Andy Cross discuss:
- Earnings reports for Nvidia, Etsy, Wayfair, Walmart, Palo Alto Networks, and MercadoLibre
- Acquisition roundup: Capital One is acquiring Discovery Financial and Walmart is acquiring Vizio
(19:11) Bloomberg reporter, Kurt Wagner talks about Twitter and his new book “The Battle for the Bird.”
(34:25) Emily and Andy break down two stocks on their radar: Grab Holdings and HubSpot
Stocks discussed: NVDA, ETSY, W, WMT, PANW, MELI, COF, DFS, GRAB, HUBS
Host: Ron Gross
Guests: Emily Flippen, Andy Cross, Kurt Wagner
Engineers: Dan Boyd
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Federalist Radio Hour - Poet Anthony Esolen Exposes ‘The Lies of Our Time’
Anthony Esolen, an author and distinguished professor of humanities at Thales College, joins Federalist Culture Editor Emily Jashinsky to break down pervasive lies about history, beauty, and literature in our culture.
You can find Esolen's latest book, "The Lies of Our Time," here.
If you care about combatting the corrupt media that continues to inflict devastating damage, please give a gift to help The Federalist do the real journalism that America needs.
You can find Esolen's latest book, "The Lies of Our Time," here.
If you care about combatting the corrupt media that continues to inflict devastating damage, please give a gift to help The Federalist do the real journalism that America needs.