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This week, President Trump acknowledged his tariffs were resulting in costlier items in the U.S., but maintained his position that China was taking the majority of the heat. If people can’t afford to buy as much, might that be a recipe for recession? We’ll discuss, and answer a listener’s question on what exactly is a recession. Plus, how uncertain economic conditions might make someone reconsider a luxury cheese purchase.
Here’s everything we talked about today:
- Recession defined by the U.S. Bureau of Economic Analysis (BEA)
- “Trump says US kids may get '2 dolls instead of 30,' but China will suffer more in a trade war” from the Associated Press
- WATCH: “Trump says kids may get '2 dolls instead of 30' because of trade war with China” from the Associated Press
- “Trump, on Tariffs, Says ‘Maybe the Children Will Have 2 Dolls Instead of 30’” from The New York Times
- “Spending by American companies on computers in Q1 grew at the fastest pace since 1983” by Marketplace
- Check out the Canadian cheese shop Kimberly mentions in this episode
Join us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.
Host Christine Lee breaks down the latest news in the crypto industry with the focus on the impact of U.S. President Donald Trump’s reciprocal tariffs.
The impact of U.S. President Donald Trump’s reciprocal tariffs are starting to be felt, sending bitcoin higher as odds of a Fed rate cut in May improve. Plus, Robinhood, Microsoft and Meta earnings beat estimates and Ripple's offer to buy Circle was rejected. CoinDesk's Christine Lee hosts "CoinDesk Daily."
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Pulitzer Prize-winning journalist and surfer William Finnegan joins Ravi for a wide-ranging conversation on surfing, storytelling, and the pursuit of mastery. They unpack Barbarian Days and how a lifetime of chasing waves has shaped Bill’s understanding of fear, discipline, and identity. They then turn to the tension between purity and accessibility in surfing and how innovations like wave pools can reflect broader social shifts. They also dig into what it means to be an adult learner in a youth-dominated sport and whether surfing’s soul can survive its growing commercialization.
Bill and Ravi then turn to Bill’s storied career at The New Yorker and discuss the evolving economics of journalism and the practical realities of building a writing life in today’s digital world. They explore how a new generation of writers and athletes, who’ve never seen the world before the internet, can still find meaning off the beaten path. Finally, they reflect on what it means to fully commit to a craft.
Leave us a voicemail with your thoughts on the show! 321-200-0570
Learn more about Ravi's novel and upcoming events: GARBAGE TOWN
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Follow The Branch at @thebranchmedia
Notes from this episode are available on Substack: https://thelostdebate.substack.com/
Lost Debate is available on the following platforms:
• Apple: https://podcasts.apple.com/us/podcast/the-lost-debate/id1591300785
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• YouTube: https://www.youtube.com/@LostDebate
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Hanna Sanborn was a single mom with newborn twins, struggling to find affordable childcare. Her best friend, Bryer Rossi, was burned out at work and looking for a way out. One day, Hanna floated an idea to him: “What if you quit your job and took care of my babies?”
What started as a running joke between friends turned into a lifeline that changed their lives and the way they saw each other.
If you liked this episode, share it with a friend!
By W.S. Merwin
Order The Memory Palace book now, dear listener. On Bookshop.org, on Amazon.com, on Barnes & Noble, or directly from Random House. Or order the audiobook at places like Libro.fm.
During mid-May, 2025, I'm doing a Midwestern book tour, with stops in Minneapolis, Cincinatti, Indianapolis, and Chicago. Find out more at www.thememorypalace.us/events.
The Memory Palace is a proud member of Radiotopia from PRX. Radiotopia is a collective of independently owned and operated podcasts that’s a part of PRX, a not-for-profit public media company. If you’d like to directly support this show, you can make a donation at Radiotopia.fm/donate. I have recently launched a newsletter. You can subscribe to it at thememorypalacepodcast.substack.com.
Music
Notes
This is our wrap of our Week of Citizening that I've been doing with Jon Alexander. We found 8 stories from across the U.S. — across sectors, communities, and divides — where people are coming together to make life better, together. See them all here.
See the visuals for this story and all our Week of Citizening stories here: https://linktr.ee/weekofcitizening
Join our mailing list and share the stories you’re seeing. stories.howtocitizen.com
The story is everywhere.
It’s happening in libraries, tech hubs, small towns, and fire-stricken neighborhoods.
It’s happening in real politics, real businesses, and real lives.
It’s what humans do — when given the chance.
🌎 We believe it’s time to tell a bigger, truer story about who we are.
💥 We’re just getting started — and we need you with us.
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Let’s tell this story. Let’s be this story.
Video Produced by: Chilli.app and Summer Solstice
Week of Citizening Collaborators: Baratunde Thurston, Jon Alexander, Shira Abramowitz, Elizabeth Stewart
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