Sam Bankman-Fried, founder and former CEO of cryptocurrency exchange FTX, is serving 25 years in federal prison for fraud. His company collapsed and went bankrupt in 2022. Investigators found that billions of dollars in customer funds had been borrowed without permission to help shore up Bankman-Fried’s other firm, Alameda Research.
But throughout the last three years, Bankman-Fried has maintained his innocence, and he's filed an appeal. A hearing is scheduled for Nov. 4.
Marketplace’s Nova Safo spoke with Jonathan Jones, a reporter and producer for the investigative podcast “Reveal,” who spent hours talking to the former CEO, FTX insiders and customers.
As a practical matter, how much effort do you put into pinning down the causes behind daily occurrences? To developmental psychologist Frank Keil, who studies causal thinking, that answer is likely along the lines of 'not enough.' A lack of causal thinking is both endemic, and, to an extent, hurtful these days, he argues, suggesting that lacking even simplified causal models makes things like the black box of artificial intelligence a potential problem.
In this Social Science Bites podcast, Keil, the Charles C. and Dorathea S. Dilley Professor of Psychology and Linguistics at Yale University, outlines for interviewer David Edmonds how causal thinking is a skill we seem to have at an early age, but which diminishes as we grow up. "[K]ids, by the time they approach elementary school, are asking up to 200 'why' and 'how' questions a day," he explains. "Within a year or two up to starting school, they're down to two or three, often none."
Furthermore, Keil sees this diminishment continuing in society today – and this comes as a cost. "I think it's making kids today be pushed more towards surface understanding, being user interface understanders. I think it makes influences more influential. To just say 'This is cool' as opposed to 'This is how it works.' One of the negative consequences is that we can get fooled by misinformation more; one of the best ways to debunk an expert is to ask them to explain the mechanism."
At Yale, Keil directs the Cognition and Development lab. He has written several books, from academe-oriented books like Developmental Psychology: The Growth of Mind and Behavior, to more general reader titles like Wonder: Childhood and the Lifelong Love of Science. His awards include the Boyd R. McCandless Award from the American Psychological Association (Developmental Psychology), the Distinguished Scientific Award for an Early Career Contribution to Psychology from the American Psychological Association, a Guggenheim Fellowship, a fellowship at the Center for Advanced Study in the Behavioral Sciences at Stanford University, a MERIT Award from the National Institutes of Health, and the Ann L. Brown Award for Excellence in Developmental Research.
President Trump returns to Washington D.C. after a week of international travel and a weekend at his resort in Florida while the government shutdown enters its second month. SNAP benefits ran out over the weekend, leaving millions without food aid as courts press the administration to use emergency funds. And New York City voters head to the polls tomorrow in a heated mayoral race between Zohran Mamdani and former Governor Andrew Cuomo that could shape the future of the Democratic Party.
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Today’s episode of Up First was edited by Krishnadev Calamur, Russell Lewis, Andrea de Leon, Mohamad ElBardicy and Martha Ann Overland.
It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas
We get engineering support from Stacey Abbott. And our technical director is Carleigh Strange.
Over the past two decades, no company has done more to shape the American workplace than Amazon. In its ascent to become the nation’s second-largest employer, it has developed an aggressive corporate culture and pioneered using technology to hire, monitor and manage workers.
Now, interviews and a cache of internal strategy documents reveal that Amazon executives believe their company is on the cusp of their next big workplace shift: replacing more than half a million jobs with robots.
Karen Weise takes us inside Amazon’s push toward automation and the implications for the company and potentially for the broader economy.
Guest: Karen Weise, a technology correspondent for The New York Times, based in Seattle.
We’re one year out from the 2026 midterm elections! In a special edition of “Start Here,” Brad will talk to the team about polls, political dynamics, and the concerns of American voters.
In 1913, the United States created its third national bank.
Unlike the previous two, this bank was organized in a completely different manner. It was organized differently, in an effort to avoid the problems of the previous national banks.
Also, unlike the previous national banks, the creation of the Federal Reserve was not done openly and subject to public debate. It was created using secrets and subterfuge.
Learn more about the creation of the Federal Reserve and the very odd way it was created on this episode of Everything Everywhere Daily.
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In her latest novel, One Aladdin Two Lamps, the writer Jeanette Winterson takes inspiration from the legendary story of Shahrazad in One Thousand and One Nights. But she calls on the reader to look again at stories we think we know, unpick how fiction works, and have the courage to challenge and change the narrative.
The saxophonist and presenter Soweto Kinch will perform his new album, Soundtrack to the Apocalypse, with the London Symphony Orchestra (at the Barbican, London, on Friday 14th November), combining British jazz, hip-hop and orchestral music. This is the finale of his acclaimed trilogy of politically charged, genre-defying works that tell different stories of the past, present and future.
The former MP Rory Stewart spent nearly a decade in Britain’s most rural constituency, Penrith and Borders, and wrote a column for a local newspaper. In Middleland: Dispatches from the Borders he’s collected together these fragmentary moments from rural life and local politics to capture a wide-ranging portrait of life and stories from the Cumbrian countryside.
OA1204 - As House Speaker Mike Johnson continues to pretend that he doesn’t have to seat Democrat Adelita Grijalva well over a month after she was elected to represent Arizona’s 7th Congressional district, we take a closer look at the last time that Congress refused to swear someone in and what the Warren Court had to say about it. Who was Harlem Congressman Adam Clayton Powell, why was the House so intent on excluding him in 1966, and how precedential might Powell v. McCormack be for the lawsuit which Arizona has filed on Grijalva’s behalf?
