Month: June 2020

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CoinDesk Podcast Network - BREAKDOWN: A Dozen+ Statistics Proving Millennials Are F%#$&D… The Breakdown Weekly Recap

An economic comparison of where boomers were at the same age as millennials leads to only one conclusion: Millennials are screwed. 

This episode is sponsored by Bitstamp and Ciphertrace.

The big narrative in financial media for the last few weeks has been the insurgent Robinhood rally, led by the AC/DC-blaring Pied Piper Dave Portnoy, owner of Davey Day Trader Global Global (DDTG Global). 

As people try to make sense of the strange retail trading phenomenon, one perspective is the participants (average age of 31 on Robinhood) are reacting to a market that has left them behind. In this view, they are assaulting the market with otherwise outrageous and ludicrous strategies because, otherwise, how will they get their piece? 

This week’s Breakdown Weekly Recap looks at this in the context of some surprising (and frankly depressing) stats about the millennial generation’s current wealth, as compared to where boomers were at the same time in their careers. 


This week on The Breakdown:

Monday | Sorry, Bloomberg: Here Are 6 Reasons Why 2020 Is a Great Year for Bitcoin

  • A Bloomberg senior editor today argued there were six reasons why 2020 was bad for bitcoin. Here’s the opposite case.


Tuesday | From Moral Hazard to Business as Usual, Feat. Jesse Felder

  • A leading independent financial analysis shares thoughts on the “Robinhood rally,” Fed policy and why Modern Monetary Theory (MMT) is already here.


Wednesday | What Satoshi Understood: Nobody Knows You’re a Dog on Social Media, Feat. The Crypto Dog

  • A conversation about pseudo-anonymity, global digital nomadism and the trader’s mindset.


Thursday | 6 Things Jobless Claims Tell Us About the State of the Real Economy

  • Persistent unemployment and fears of further layoffs are the real economic counterpoint to the financial market’s unbridled enthusiasm.


Friday | Why Monetary Debasement Is Here to Stay, Feat. Dr. Vikram Mansharamani 

  • From technology to aging demographics, some of the most important trends shaping the economy have been deflationary. What happens when that rapidly changes?


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More or Less: Behind the Stats - Who Should be Quarantined?

Some countries are requiring new arrivals to self-isolate, a policy designed to stop infection spreading from areas of high prevalence to low prevalence. Tim Harford and Ruth Alexander find out which countries have the highest rate of Covid-19 infection. Plus, is it really true that the coronavirus mostly kills people who would die soon anyway?

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Amicus With Dahlia Lithwick | Law, justice, and the courts - Blockbusters: DACA and Title VII

Dahlia Lithwick is joined by Luis Cortes Romero, the attorney and DACA recipient who was part of the team that prevailed in this week’s DACA ruling. He will restore some of your faith in the American courts. And then Dahlia talks to Professor Pam Karlan about this week’s landmark LGBTQ employment rights case, in which she argued successfully for Title VII protections to apply to gay, lesbian, bisexual, and transgender employees.

In the Slate Plus segment, Mark Joseph Stern tries to help Dahlia figure out who this new Chief Justice John Roberts is and what that can tell us about the remaining (huge) opinions still to be issued this term.

Sign up for Slate Plus now to listen and support our show.

Podcast production by Sara Burningham.

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Opening Arguments - OA396.5 BONUS Episode: Will You Be Able To Read John Bolton’s Book?

Today's bonus episode takes a deep dive into the lawsuit brought by the Trump Administration to try and block the publication of John Bolton's tell-all book. We break down the legal arguments and tell you whether you can look forward to getting that copy you ordered or not. (And seriously, you shouldn't give money to John Bolton. He's still a scumbag.)

We begin, however, with a quick Andrew Was Right! in that PG&E pleaded guilty to 84 counts of manslaughter; we told you PG&E was likely criminally liable way back in Episode 241!

Then, it's time to break down the Justice in Policing Act of 2020 which just passed the House Judiciary Committee and is an unambiguously good bill. Listen and find out why!

After that, it's time to dig in to both the Complaint and the motion for TRO filed by the United States on behalf of Donald Trump because John Bolton's book made Trump feel bad. Do we really live in a society in which that happened? Yes. Do we live in one in which the court will grant injunctive relief? No. Listen and find out why.

No #T3BE in this bonus episode but there's lots and lots of great content!

Patreon Bonuses

All patrons get a special behind-the-scenes deep dive into our amicus brief!

Appearances

None! But if you’d like to have either of us as a guest on your show, event, or in front of your group (virtually!), please drop us an email at openarguments@gmail.com.

Show Notes & Links

  1. Although the plea agreement isn't available, this Ars Technica article is a good timeline of PG&E's criminal activities; we told you PG&E was likely criminally liable way back in Episode 241!
  2. Click here to read the Justice in Policing Act of 2020 which just passed the House Judiciary Committee.
  3. You can read the Supreme Court's decision in Snepp v. U.S. 444 U.S. 507 (1980), the decision in the Pentagon Papers case, and also read the Complaint and the motion for TRO filed by the U.S. against Bolton. Injunctive relief is governed by Rule 65 of the Federal Rules of Civil Procedure.
  4. Finally, check out the NSA's pre-publication procedures.

-Support us on Patreon at: patreon.com/law

-Follow us on Twitter:  @Openargs

-Facebook:  https://www.facebook.com/openargs/, and don’t forget the OA Facebook Community!

-For show-related questions, check out the Opening Arguments Wiki, which now has its own Twitter feed!  @oawiki

-Remember to check out our YouTube Channel  for Opening Arguments: The Briefs and other specials!

-And finally, remember that you can email us at openarguments@gmail.com!

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Consider This from NPR - The President’s Indoor Rally; Rise In Cases Not Explained By More Testing

COVID-19 cases are on the rise in some states — and more testing isn't the only explanation.

Find out how cases are in your community.

Today is Juneteenth. On this day in 1865, U.S. Army troops landed in Galveston, Texas to tell some of the last enslaved Americans they were free. More American businesses are recognizing the holiday this year.

President Trump was planning on holding a rally in Tulsa, Oklahoma today. Instead, thousands will be gathering to see the President tomorrow — indoors. And as NPR's Tamera Keith reports, public health officials aren't thrilled.

Plus, Germany has been able to slow the spread of the coronavirus with the help of an army of contact tracers working around the clock. NPR's Rob Schmitz has more.

Yesterday, the Supreme Court upheld Deferred Action For Childhood Arrivals (DACA). NPR's Code Switch spoke with one of the plaintiffs in the case about how she's processing the news.You can find Code Switch on Spotify, Apple Podcasts and NPR One.

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This episode was recorded and published as part of this podcast's former 'Coronavirus Daily' format.

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CrowdScience - Do animals have consciousness?

What exactly it means to be conscious has long been a question of profound debate amongst philosophers, and more recently, scientists. There are no easy answers, and it gets even trickier when you start asking whether animals are conscious: how can you find out about their subjective experience when they can’t tell you about it?

Never afraid to tackle the impossible, CrowdScience is looking for answers after listener Natalie got in touch. She has lived with her cat for years and has a strong sense that he has thoughts and feelings: he has his own personality, acts in complex ways, and even has ‘grumpy days’. But is this consciousness? Is there any way of scientifically testing for it? How different from our own inner world is that of a cat, an octopus, or a bumblebee? And if we can find any answers to these puzzling questions, how does that affect the way we treat animals - not just our pets, but all the animals we share our planet with?

We meet Natalie and her cat, and discover how scientists have explored the minds of pigs, cows and cuttlefish. Helping us ponder the elusive question of animal consciousness are philosopher Peter Godfrey-Smith, neuroscientist Anil Seth, animal welfare expert Donald Broom, ethicist Jessica Pierce, and comparative psychologist Alex Schnell.

Featuring David Seddon as the voice of Chicco the Cat.

Presented by Anand Jagatia and Produced by Cathy Edwards for BBC World Service.

(Photo: Black Cat. Credit: Getty Images)

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CoinDesk Podcast Network - BREAKDOWN: Why Monetary Debasement Is Here to Stay, Feat. Dr. Vikram Mansharamani

From technology to aging demographics, some of the most important trends shaping the economy have been deflationary. What happens when that rapidly changes?

This episode is sponsored by Bitstamp and Ciphertrace.

Today on the Brief:

  • FTX lists two Compound tokens
  • Reddit partners with Ethereum Foundation on Layer 2 scaling
  • Black-In Freedom Festival reimagines Juneteenth


Our main topic: 

Dr. Vikram Mansharamani is a lecturer at Harvard and author of “Boombustology: Spotting Financial Bubbles Before They Burst” as well as the just released “Think for Yourself: Restoring Common Sense in an Age of Experts and Artificial Intelligence.” 

In this wide-ranging conversation, he and NLW discuss:

  • Why our relationship with experts and expertise is leading us astray
  • How COVID-19 shows the downside of both over-reliance on, and complete rejection of, experts 
  • How the economic crisis surrounding COVID-19 is bursting bubbles and moving us from a period defined by deflation to one defined by inflation
  • Why “monetary debasement is here to stay”
  • Why the U.S.-China relationship is the key backdrop for understanding the next 10 years of global economic reality 
  • Why inequality threatens the fabric of our economy and our society, and what might be done about it


Find our guest online:

Twitter: @mansharamani

Website: Vikram Mansharamani | “THINK FOR YOURSELF”

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Reset with Sasha-Ann Simons - Chicago And Illinois News Roundup: June 19, 2020

From the continued protests over police misconduct to the latest on the city and state’s handling of the covid-19 pandemic, we’ve got all the week’s local news for you in less than 30 minutes. WTTW’s Heather Cherone and the Chicago Tribune’s John Byrne join Justin Kaufmann for the Friday News Roundup