Private philanthropy is one of the most powerful tools in times of crisis. Peter Lipsett, vice president of Donors Trust, joins the podcast to explain why big government programs and bailouts often have unintended negative consequences.
Lipsett explains how we can help our communities economically during the coronavirus and challenges Americans to think about crisis situations with the future in mind.
It is up to the American people to maintain a free and prosperous nation for our children and our grandchildren. Handing over excessive power to the government now can have long-term negative effects. Listen to the podcast below or read the lightly edited transcript.
We also cover these stories:
Coronavirus deaths hit 1,000 in U.S. as global death toll passes 20,000.
The House is set to vote on the CARES Act Friday, per House Speaker Nancy Pelosi, who’s also already looking at another new bill to tackle it.
Unemployment claims surge to 3.3 million as coronavirus devastates economy.
Today's episode breaks down the three main provisions of the just-passed CARES Act in terms of (1) additional unemployment benefits, (2) tax relief in the form of advance $1,200 "rebate" checks to taxpayers, and (3) the $500 billion "slush fund" for corporate giveaways. While there's more in this 880-page monstrosity, we break down the key parts for you!
We begin, however, with some good news about the impending retirement of Ohio Rep., Trump-supporting lunatic, and soon-to-be-White House Chief of Staff Mark Meadows. Does this violate the Ineligibility Clause of the Constitution? YOU BETCHA. Is it #ClearAsKushner? YEP! And this time, does it matter? YES IT DOES!
After that it's time for a full breakdown of the main components of the CARES Act, including how much money you'll be getting and when, what the costs are, and what the provisions are that can come into play to prevent all of this from winding up in Jared Kushner's pocket. You won't want to miss it!
After all that, it's time for a quick segment on IRS Form W-7, which allows you to pay your taxes if you're a nonresident alien.
Ben is now the full time IT department for his two sons, one of whom is in kindergarten and one in first grade. The children have transitioned from public school to Zoom, Google Classroom, Konstella, FaceTime, and five million other services.
Paul's neighbors in his apartment building are digging old laptops out of storage and leaving them in front of his door. They bleach them first, so that they are 100% disinfected. Then Paul slaps on a little Ubuntu/Lubuntu and those old machines are suddenly zippy netbooks that help adults and kids work and study from home.
Sara reveals she has an amazing "resting interested face" - a skill that makes her the most popular person at any live talk in front of an audience.
That box of old cables finally came in handy! We shout out our lifeboat badge winners, as we near the major milestone of 1000 lifeboats. Keep them coming.
In the interview, Mike talks with Kate Greene, crew writer and second-in-command of the first HI-SEAS simulated mission to Mars. They discuss Greene’s experience during her four months living in the dome, how micro-stimuli can be overcome, and why astronauts love Tabasco hot sauce. Her essay collection, Once Upon a Time I Lived on Mars, will be published by St. Martin’s Press in July.
In the spiel, it’s not if your community has a coronavirus outbreak, it’s when.
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Weekly unemployment claims soared last week to nearly 3.3 million and Congress works to finalize a coronavirus relief package. Plus Anthony Fauci talks about the state of testing for Covid-19 in the US, and NPR's Geoff Brumfiel reports on why more testing is critical. Also, a grocer in Maine reflects on the boredom and anxiety of working through the pandemic.
The strong social distancing policies introduced by China seem to have been successful in stopping the spread of Covid 19. Without any effective drug treatments, reducing our number of contacts is the most effective way to prevent viral transmission.
We also look at the similarities been policies in Russia and the US on how best to deal with the virus. In both cases there are contradictions and disagreements between medical professionals and politicians.
And a warning from Polio, how vaccines may create problems when immunisation campaigns do not reach everyone.
The Senate passes the largest economic relief bill in history, Trump spreads the deadly lie that letting the virus run wild will boost the economy, and the daily White House briefings get record cable ratings. Then Governor Gretchen Whitmer talks to Dan about Michigan’s response to the coronavirus pandemic.
Crooked has started a Coronavirus Relief Fund for organizations supporting food banks, health care workers, restaurant workers, seniors, kids who depend on school lunches, and others in need. Donate: crooked.com/coronavirus
In a rare bipartisan move, late Wednesday the U.S. Senate unanimously passed a $2 trillion emergency bill to grant economic relief to individuals, families and businesses dealing with the novel coronavirus pandemic.
The so-called “CARES Act”, once approved by the House and signed by the President, would be the largest economic rescue package in American history.
This comes as the Labor Department this morning announced that nearly 3.3 million Americans applied for unemployment benefits last week — more than quadruple the previous record set in 1982.
Some economists predict the unemployment rate could go as high as 30 percent. This would match levels during the Great Depression.
Reset checked in with Congressman Brad Schneider, who represents Illinois’ 10th district in Lake County, for more on the bill, including how it helps hospitals in Illinois access the resources they need.
Three L.A. comedians are quarantined in a podcast studio during a global pandemic. There is literally nothing to be done EXCEPT make content. These are "The Corona Diaries" and this is Episode #8. Music is "Kim Smoltz" by Ween.
The Senate passed $2T in Stimulus. That includes a one time $1,200 check to impacted individuals and….you guessed it, billions and billions for corporate relief. Included in that are hundreds of billions of dollars in corporate bond buying programs. The Federal Reserve has recruited asset management giant BlackRock to administer three of those programs.
Here’s the kicker. As Bloomberg describes it: “under the arrangement [BlackRock] could buy some of its own funds on behalf of the central bank.”
Outrage is running rampant, and to help listeners sort through it, @NLW is joined by Meltem Demirors, Chief Strategy Officer at CoinShares. In this conversation, they discuss:
The government mechanics behind the “money printer go brrr” meme
The unfathomable failure of US intelligence in seeing the pandemic coming
The deficit of leadership across the political spectrum
What Blackrock means and why “they’re not even pretending anymore”
Why Twitter memes on their own can’t change the world
Why bitcoin can and should be a gateway and tool for evangelizing more systemic change
