RadCasts

P.M. Edition for Nov. 19. Traders have used debt to maximize their gains as they bought and sold crypto this year—now, with prices dropping, they’re turbocharging losses too. WSJ crypto reporter Vicky Ge Huang tells us what makes those bets so risky. Plus, Target says it will invest billions in its stores as it seeks to turn around slumping sales. And minutes from October’s Federal Reserve meeting show deepening divisions, putting a rate cut at the next meeting in question. Alex Ossola hosts.

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Decades of consensus around so-called climate catastrophe are now running into new economic, technological, and geopolitical realities.

Mix in AI and its unprecedented demand for large-scale electricity generation, and we have a global climate conversation that demands to be reckoned with. Victor Davis Hanson breaks down how the foundations of decades of “green orthodoxy” are shifting on today’s episode of “Victor Davis Hanson: In a Few Words.”

“The people who have been the avatars of climate change, never suffer the consequences of their own ideology. Barack Obama said the planet would be inundated pretty soon, if we didn't address global climate change. Why would he buy a seaside estate at Martha's Vineyard or one on the beach of Hawaii if he really did believe that the oceans would rise and flood his multimillion-dollar investment?

“The inconsistency of the global warming narrative, the self-interest in the people who promote it, and the logic that they have not presented, empirically, the evidence that would convince us that we have to radically transform our economies on the wishes of a few elites that do not have the evidence, but do have a lot of hypocrisy in the process.”

(0:00) Introduction
(0:58) Shifting Perspectives on Climate Change
(2:28) Global Skepticism
(5:12) Geopolitical Factors
(6:16) Third World Demands
(8:30) Hypocrisy Among Climate Change Advocates
(9:49) Conclusion

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The U.N. climate conference is being held this month in Brazil. The U.S. is conspicuously absent, but China is there. We look at how these two countries are taking opposite paths on renewable energy— China is expanding it exponentially while the U.S. is investing in fossil fuels. We look at what these decisions mean for the climate and for these countries’ economies.

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