There is perhaps nothing more important or contentious in macroeconomics right now than the question of inflation.
On the one hand, there is a growing concern that rapidly growing money supply and increasing central bank balance sheets will inevitably lead to inflationary pressures.
On the other, critics of that point of view point to significant countervailing forces such as the 10% unemployment rate and growing savings rate among consumers.
So who is right?
What are the specific narratives trying to say?
What is the evidence and data actually telling us?
And how are real people experiencing inflation today?
Lis Hartel was a Danish equestrian competitor in the 1940s and 1950s. She competed in the 1952 Olympics and the 1956 Olympics and she won medals at both.
However, her Olympic medals are just the starting point of her fascinating and inspirational story.
Learn more about Lis Hartel and her remarkable accomplishments on this episode of Everything Everywhere Daily.
Aaaand we’re back. Fresh off vacation, we’re looking at the screenplay-worthy showdown between Apple and Fortnite. UPS and FedEx stocks get love when the US Postal Service doesn’t. And shares of Brinker International, the owner of Chili’s, jumped after launching a ghost kitchen.
$EAT $AAPL $UPS $FDX
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Canada has officially ruled that terminal patients may legally use psilocybin. Over in Scotland, another alleged photograph of the Loch Ness Monster raises eyebrows -- and sets internet sleuths on the case. In California, DNA databases may have cracked Orange County's oldest cold case of homicide. Tune in for all this and more in this week's installment of Strange News.
In a late-Sunday-night mega-recording session, we discuss the big news of the past week: Kamala Harris, the first major vice presidential candidate who’s Black, Asian American, and a woman. Commentators have tried to pick apart her identity from countless angles: Is she Black enough? Indian enough? Caribbean enough? An Asian-immigrant icon? In other words, the kind of juicy s**t you KNOW your podcast hosts are ALL ABOUT.
0:44 – Our promise to improve TTSG’s audio quality is followed by a recording glitch
1:20 – Updates on Tammy’s temporary life in Montana, Andy’s teaching by Zoom, and Jay’s love of nonstop road trips
9:40 – Who is Kamala Harris?
17:28 – Identity, Act 1: Kamala the politician: Is she a cop? Is she malleable, or does she have a motivating ideology? Also: Jay and Andy award her 30 speaker points for last year’s debates.
26:42 – Identity, Act 2: Is she a second-generation immigrant? Will her familial ties to Jamaica and India (and, briefly, Zambia) matter to West Indian and Asian voters? What can we glean from her strategic and rhetorical uses of immigrantness?
35:30 – “Two or more races”: Why are we so bad at talking about mixed-race identity? Do hapas have privilege because they’re hot?
42:05 – Identity, Act 3: Is she Black? Jamelle Bouie wrote last week that, “because of heritage, upbringing and the realities of American racism, Harris calls herself Black and is also understood as Black by people within and outside the Black community.” ADOS adherents disagree. Is Blackness a matter of choice? Is Blackness international or American?
51:45 – Choice and reparative policies
The Kamala announcement was followed by the DOJ’s accusation that Yale discriminates against white and Asian applicants. Is anti-Asian discrimination like anti-Black discrimination, or is any similarity negated by the apparent fact that Asians “chose” to come to the US? We dissect this concept of choice, which leads us to a theory of Asian identity that’s less about what we have in common than why we’re here in the first place.
1:26:10 – Save the mail!!
A look at the US Postal Service, which has one of the largest, most racially diverse, unionized workforces in the country. It is also a paragon of the types of universal, social-welfare services we should defend vigorously. We unpack the November election theories and distinguish them from troubling long-term trends toward privatization, racist dog whistles, and exploitation by Amazon. Bonus: Tammy achieves her dream of discussing Bureau of Labor Statistics data and the USPS in one segment.
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How does the United States use immigration to suppress free speech? Should interests of “national security” take priority over individual liberties? What happens to democracy when the most vulnerable are denied their right to speak and exchange ideas? In Threat of Dissent: A History of Ideological Exclusion and Deportation in the United States (Harvard University Press, 2020), historian and lawyer Dr. Julia Rose Kraut argues that ideological exclusions and deportations are rooted in political fear of subversion – and the United States has used these exclusions and deportations continuously from the 18th to 21st centuries to suppress free speech.
The book explores the constitutionality of ideological restrictions and exclusions as interpreted by American courts – as well as the specific intersection of American immigration and First Amendment law – through a political, historical, legal and personal lens by following the lives of real people as well as key court decisions. The book chronicles the actions of those we know (e.g. Clarence Darrow, Thurgood Marshall, Charlie Chaplin, Carlos Fuentes, and J. Edgar Hoover) as well as some that we may have forgotten (e.g. Ernest Mandel, Leonard Boudin, Carol King, and Frank Murphy). At issue for Kraut is the essence of American liberal democracy and the rule of law. She fears a national identity rooted in fear of the threat of dissent and political repression rather than J.S. Mill’s marketplace of ideas and free exchange of ideas.
The actions of the Trump administration on immigration have put a recent spotlight on this issue – and Kraut’s book concludes with the Travel Ban – but she details how immigration law has been used throughout American history to suppress dissent and radical change. Beginning with the Alien Friends Act of 1978, immigrants in America have always had their First Amendment rights violated on the basis of their values, ideas, and associations. These violations are often backed by the Supreme Court as immigrants are judged more greatly on their immigrant status than in accordance with first amendment rights. Threat of Dissent systematically reveals the ways immigration law is used by officials to intimidate, threaten, and repress foreigners. Kraut unveils this, criticizing not only the damaging effect this has on immigrants’ lives themselves, but additionally the overall damage this does to the idea of American liberal democracy and the overstep of executive power.
The podcast includes a discussion of the recent SCOTUS decisions on DACA and the recent passage of the NOBAN Act by the House of Representatives on July 22, 2020.
House Speaker Pelosi calls members back from vacation to vote on a bill to stop more changes at the post office. Democrats open their virtual convention. Our new series: School Matters. CBS News Correspondent Steve Kathan has today's World News Roundup.
The US Postal Service is one of America’s most popular and necessary public institutions. Now it is at the centre of a battle over November’s election. The growth of microfinance in Cambodia has been for the most part positive, but the pandemic is posing challenges to its sustainability. And if you want to buy a used Airbus A380, it’s a buyer’s market. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer
Leah is joined by Amir Ali and Devi Rao from the Supreme Court & Appellate Program of the MacArthur Justice Center and Tiffany Wright of Orrick to discuss (the lack of) diversity in the appellate bar and its consequences. They also discuss two new organizations, The Appellate Project and Law Clerks for Diversity, that are trying to increase diversity in the appellate bar.
Get tickets for STRICT SCRUTINY LIVE – The Bad Decisions Tour 2025!
One day last month, Samuel Chu woke up to the news that the Chinese government wanted him in jail. Chu doesn’t think he’s in danger -- he’s a U.S. citizen, living in Los Angeles. So how did he wind up on the wrong side of Chinese authorities? Simple: He’s lobbying Congress to support democracy in Hong Kong.
Guest: Samuel Chu, founder of the Hong Kong Democracy Council.
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