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In yesterday's elections, the Republicans took what John calls both a thumping and a shellacking. Donald Trump wasn't on the ballot, but he was on voters' minds. What are the Republicans to do? And what does the election of Zohran Mamdani herald for the country?
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California. Meanwhile, the tariff case is about to come before the Supreme Court for oral argument. So it’s timely indeed that Vik Amar joins us with expertise on both topics. In fact, Vik has submitted an amicus brief in the tariff case. The “brothers in law” take us deep into the gerrymandering world, the major questions doctrine, and we also pause to reflect on the career of former Vice President Cheney who passed away this week. Insights galore await. CLE credit is available for lawyers and judges at podcast.njsba.com.
The London Stock Exchange has launched a series of indexes to track private investment funds. "Private investment" is a phrase we've been hearing a lot — the Trump administration is trying to make it easier to add it to your 401(k). And the "private credit" market has been catching serious side-eye from Jamie Dimon and others. But what the heck does "private" even mean in these contexts? We have an explainer. Plus, a look at job creation and sentiment among farmers.
Romina Boccia joins Nicholas Anthony to discuss how the shutdown centers on demands to extend subsidies for earners making well above median household income—all the way up to $500,000 annually. Federal workers and SNAP recipients have been offered up as political collateral for a deal that would cause an unprecedented $1.5 trillion in additional deficit spending—all while we continue trucking toward a fiscal cliff.
Show Notes:
Romina Boccia and Tyler Turman, "Food Stamp Shutdown Reveals the Fragility of Federal Welfare," Cato at Liberty Blog, October 30, 2025
Romina Boccia and Tyler Turman, "End Obamacare’s Welfare for the Wealthy COVID Credits," Cato at Liberty Blog, October 23, 2025
Romina Boccia and Tyler Turman, "Welfare Digest | End the ACA Subsidies for the Well-Off," Debt Dispatch, October 22, 2025
Romina Boccia and Ritvik Thakur, "Debt Digest | Remove Obamacare Regulations Instead of Extending COVID-era Credits," Debt Dispatch, October 14, 2025
Romina Boccia, "Shutdown Theatrics Just Distract Us from the Real Problem: Obscene National Debt," New York Post, October 2, 2025
Romina Boccia and Ritvik Thakur, "Debt Digest | Let Obamacare COVID Credits Expire," Debt Dispatch, October 2, 2025
Romina Boccia, "Thoughts About the Government Shutdown," Cato at Liberty Blog, October 1, 2025
Romina Boccia, Ritvik Thakur, and Ivane Nachkebia, "Debt Digest | Government Shutdown Is Likely," Debt Dispatch, September 8, 2025
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The newly-elected Democratic mayor of New York Zohran Mamdani has told his supporters that his victory can be a template for how to defeat President Trump. In his victory speech, the 34-year-old said that in a moment of political darkness, New York would be the light. We get reaction from Democrats and Republicans. Also in the programme: Fashion wars in Paris; and are we on the cusp of an AI bubble that could tank the global economy? (Photo: Mayor-elect of New York City Zohran Mamdani speaks during an election night party in the Brooklyn borough of New York, 4 November 2025. Credit: Sarah Yenesel/EPA/Shutterstock)
The arrest of senior Nigerian military officers and the sacking of security officials fuels speculation of an alleged coup
Ugandan born Zohran Mamdani wins New York City mayoral election
Plus the AI aunty helping to fight gender based violence.
Presenter: Audrey Brown Producers: Todah Opeyemi in Lagos. Yvette Twagiramariya, Sunita Nahar, Bella Hassan and Mark Wilberforce in London. Senior Producer: Paul Bakibinga Technical Producer Craig Kingham . Editors Andre Lombard and Alice Muthengi.
Plus: Tech companies turn to smaller power equipment manufacturers to power data centers. And the Motion Picture Association sends Meta a cease-and-desist over its use of the term “PG-13.” Zoe Kuhlkin hosts.
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M.G. Siegler of Spyglass is back for our monthly tech news discussion. Today we dig into OpenAI’s newly cleared path to an IPO, what trillion-scale capex vs. current revenue implies, and how Microsoft’s 27% stake, IP rights, and fresh AWS entanglements complicate the story. We debate whether the market can stomach years of heavy losses, why “AGI or bust” creates systemic risk, and what happens if model gains plateau, compute economics flip, or fast followers erase any AGI edge. Finally, we look at Apple’s iPhone 17 resurgence—why it’s hitting now and whether it’s enough without a breakthrough assistant. Tune in for a clear walkthrough of tech’s biggest news with one of the industry’s sharpest analysts.
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The Supreme Court is set to hear arguments today on whether President Donald Trump can use emergency powers to levy tariffs. The law in question doesn’t mention tariffs, but the president also has wide latitude in setting the foreign-policy agenda. Let's dig into both sides' arguments. Plus, China's government is hosting a big trade show, and auto sales fall into a pot hole with EV subsidies gone.
A team of researchers are actively sifting through archival documents, artifacts, even artwork to expand the story of Indigenous slavery. The Native Bound Unbound project includes interactive maps, digitized documents and recent interviews with descendants whose ancestors endured enslavement. The publicly available digital archive aims to document every instance of Indigenous slavery in the Western Hemisphere to illuminate where and when slavery took place, and the lasting effects for Indigenous communities and their descendants.
GUESTS
Philip J. Deloria (Yankton Dakota), professor of history at Harvard University
Theresa Pasqual (Acoma Pueblo), executive vice president of Indigenous Affairs at the Crow Canyon Archaeological Center and the former tribal historic preservation officer for the Pueblo of Acoma
Estevan Rael-Galvez, executive director of Native Bound Unbound: Archive of Indigenous Slavery
Break 1 Music: Crossroad Blues (song) Lakota John (artist) Lakota John and Kin (album)
Break 2 Music: Traditional Side Step Song (song) Little Otter (artist) Side Step Songs (album)