NBN Book of the Day - Gene Ludwig, “The Vanishing American Dream” (Disruption Books, 2020)

Gene Ludwig cares. The former banker, government regulator, and serial entrepreneur cares deeply about the hollowing out of the American middle class over the past several decades, not least of all in his hometown of York, PA. So he gathered the country's best and brightest in 2019 for a conference at Yale Law School to come up with specific policy proposals that can reverse that process.

The details of what has happened make for difficult but necessary reading. In The Vanishing American Dream: A Frank Look at the Economic Realities Facing Middle- and Lower-Income Americans (Disruption Books) the policy proposals to rebuild the middle class are divided into those at the federal level, and those at the local level.

Many readers will find the former typical and expected, but the latter constitute the most engaging part of the book. Both sorts of policies will be hard to implement given the country's current state of division, but Ludwig does not back down from the challenge.

Gene Ludwig is the founder of the Promontory family of companies and Canapi LLC, the largest financial technology venture fund in the United States. He is the CEO of Promontory Financial Group, an IBM company, and chairman of Promontory MortgagePath, a technology-based, mortgage fulfillment and solutions company.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @HistoryInvestor or at http://www.strategicdividendinvestor.com

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What A Day - The Art Of The Steal

The New York Times published a bombshell report on two decades of Trump’s taxes, showing he paid only $750 in federal income taxes in 2016 and in 2017. Trump received massive refunds after reporting losses on his businesses, one of which is currently being reviewed by the IRS, and could cost him $100 million if it’s found to be illegitimate. 

On Saturday, Trump formally announced Judge Amy Coney Barrett as his nominee for the Supreme Court. We discuss her past positions on abortion, gun rights, and more to see how she might rule.

And in headlines: Armenia and Azerbaijan declare martial law, Sri Lanka sends hazardous waste back to the UK, and astronauts prepare to vote from space.

Show Links:

"Trumps Taxes Show Chronic Losses And Years Of Tax Avoidance"

https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html

In the Bubble with Andy Slavitt - The Supreme Court, the ACA, and COVID-19 (with Nicholas Bagley)

Andy talks with Nicholas Bagley, co-author of their recent New York Times piece on the razor’s-edge status of the Supreme Court, the Affordable Care Act, and the pandemic. Nicholas is a law professor and former Justice Department attorney; he has also advised Michigan Governor Gretchen Whitmer on the pandemic. This episode prepares you for the monumental and rapid progression of the potential appointment of Judge Amy Coney Barrett to the Supreme Court, the presidential election, and the ACA case on November 10. Andy and Nicholas are considered the foremost experts on this topic and this episode will be the authoritative take on this subject. 

Keep up with Andy on Twitter @ASlavitt and Instagram @andyslavitt.

Follow Nicholas Bagley on Twitter @nicholas_bagley.

In the Bubble is supported in part by listeners like you. Become a member, get exclusive bonus content, ask Andy questions, and get discounted merch at https://www.lemonadamedia.com/inthebubble/ 

 

Support the show by checking out our sponsors!

  • Livinguard masks have the potential to deactivate COVID-19 based on the testing they have conducted from leading universities such as the University of Arizona and the Free University in Berlin, Germany. Go to shop.livinguard.com and use the code BUBBLE10 for 10% off.
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Check out these resources from today’s episode: 

 

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The NewsWorthy - Trump’s Tax Records, Supreme Court Nominee & Desk Shortage- Monday, September 28th, 2020

The news to know for Monday, September 28th, 2020!

What to know about:

  • a new report outlining President Trump's income taxes: how much or how little he paid and his response to it all
  • what happens next with Trump's Supreme Court nominee
  • which company is testing self-flying planes
  • what's causing a desk shortage
  • why more young adults are moving back in with their parents

Those stories and more in just 10 minutes!

Head to www.theNewsWorthy.com or see sources below to read more about any of the stories mentioned today.

This episode is brought to you by LiquidIV.com (listen for how to get a discount)

Want to advertise/sponsor our show? Please email sales@advertisecast.com for more information.

Become a NewsWorthy INSIDER! Learn more at  www.TheNewsWorthy.com/insider

 

 

 

 

Sources:

Trump’s Tax Records: NY Times, AP, Politico, Reuters, WaPo

Trump Names SCOTUS Nominee: WSJ, AP, CBS News, NBC News

Midwest Coronavirus Cases Surge: Reuters, Axios, Johns Hopkins

U.S. Far from Herd Immunity: CBS News, Bloomberg, Axios, CNN, Full Study

Judge Blocks TikTok Ban: AP, Reuters, WSJ, Axios

NBA Finals Set: ESPN, AP, NBA

Fedex Considering Unmanned Cargo Planes: Supply Chain Dive, Bloomberg, Gizmodo

Desk Shortage: AP, USA Today, FOX Business

Yom Kippur: USA Today, National Geographic

Monday Monday: Adults Moving Back in with Parents: USA Today, CNBC, Pew Research

The Daily Signal - How Black Lives Matter Is Being Used to Further a Communist Agenda

The Black Lives Matter movement is promoting a communist agenda, says investigative journalist James Simpson.


Simpson has done extensive research on the founders of Black Lives Matter and joins the show to explain how the movement is being used to further the goals of the radical progressive left.


To learn more about Simpson and read his articles, click here. And click here to learn more about his books.


Also on today's show, we read your letters to the editor and share a good news story about how Heritage Action, the grassroots organization of The Heritage Foundation, is backing the blue and rallying all Americans in support of law enforcement. 


Enjoy the show!


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You're Wrong About - Princess Diana Part 1: The Courtship

We start our new series with the story of a girl, a prince and the society that convinced them they liked each other. Digressions include camels, Beyoncé and the idiosyncrasies of British place names. We're sorry to say that this episode has detailed descriptions of disordered eating.

Here's a link to the photos and clips we discuss in this episode: https://rottenindenmark.org/2020/09/28/princess-diana-part-1-the-courtship/

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Sarah's other show, Why Are Dads
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PHPUgly - 207:Carbon Time

PHPUgly streams the recording of this podcast live. Typically every Thursday night around 9 PM PT. Come and join us, and subscribe to our Youtube Channel, Twitch, or Periscope. Also, be sure to check out our Patreon Page

Everything Everywhere Daily - Greek Fire

There are many things which have been called ancient mysteries. These are products or techniques which were used in the past which have since been forgotten or lost. Most of these things have been rediscovered, and usually in a way that was better than what originally came before it. There is one thing which truly has been lost in time and we have no idea how it was made. Learn more about Greek Fire, and how it worked, and how we lost the secret on this episode of Everything Everywhere Daily.

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CoinDesk Podcast Network - SOB: The 51% Attack Nightmare Scenario (Isn’t That Bad)

On this Speaking of Bitcoin episode, join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy & Jonathan Mohan for an in-depth discussion about what’s really at risk when blockchains suffer the dreaded 51% attack.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

On today’s show we’re talking 51% attacks, the much discussed, infrequently seen and fairly misunderstood doomsday scenarios. It’s recently re-emerged as a topic of discussion as Ethereum plans its transition to Proof-of-Stake and fork Ethereum Classic is hit by its third in less than a month.

Although the numbers may change, basically any blockchain you can imagine is vulnerable to some form of the so-called 51% attack. By distributing the power within a protocol, say to miners instead of a corporate board, blockchains and other decentralized systems create and maintain a “Consensus Reality”, where what most of the network believes to be true is true, or becomes true for the entirety of the network.

See also: How Does Kraken’s New Crypto Bank Work?

If you think about it, this makes sense. Each blockchain creates a game with a distinct set of rules that need to be followed for the thing to work. It requires lots of people who don’t know each other to individually follow those rules and get rewarded by the system for doing so. The assumption underlying all of these systems is that most of the people are going to be compelled by the offered rewards to follow the rules. Even if a lot of people aren’t following the rules, they’re probably breaking them in different ways rather than working together.

In a 51% attack, that assumption is broken as most, or at least enough of the network is overcome by bad actors who aim to rewrite reality in their favor. 

It’s a real problem, one of the biggest blockchains face, especially less popular ones… But even if you could pull one off, the outcome might not be as bad as many fear.

But what is actually at risk? What’s possible and what’s safe? Tune in to find out.

Photo by Hasan Almasi on Unsplash

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Unexpected Elements - Why Covid -19 vaccines may not stop transmission

While vaccines against Covid -19 are being developed at unprecedented speed, none of them have been tested to see if they can actually stop transmission of the virus. They are designed to stop those who are vaccinated from developing Covid -19 disease, but not becoming infected.

This says Virologist Malik Peiris from Hong Kong University means while vaccinated people themselves may be protected they might also spread the virus.

Cells produced in the bone marrow may be responsible for an extreme immune response to Covid 19 in some people. Immunologist Lizzie Mann from Manchester University says this finding may help predict who will develop serious disease symptoms, and also provide a target for future treatments.

Extreme ice melt in the Arctic this summer may have a long term impact on the region says glaciologist Julienne Stroeve. She spent the winter in the Arctic and tells us about the environment she encountered.

And climate change is also impacting the tropics, research in Gabon from Ecologists Emma Bush and Robin Whytock shows a reduction of the amount of fruit available which is now impacting the health of forest elephants.

And why am I embarrassed to be naked? Chumbuzzo in Zambia wonders. And what would happen if we ditched our clothes and embraced nudity? Presenter Anand Jagatia and Producer Caroline Steel spend the day naked with other naturists to see if they can shift their embarrassment.

Maybe there are good evolutionary reasons to cover up or perhaps we are contributing to inequality and negative body image by hiding our real selves? Marnie Chesterton explores different cultural attitudes to nudity and finds out about the science behind embarrassment. Clothes optional.

(Image Credit: Getty Images)