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As is so often the case, it was a combination of macro news and market structure.
This episode is sponsored by NYDIG.
Bitcoin has been on a journey over the last 24 hours, from nearly $65,000 all the way down to $58,000 and everywhere in between. On today’s episode, NLW explores what’s driving it, including:
Finally, he points to Marathon’s offering of a half billion dollars in debt to buy more BTC and rigs as a counter-indicator.
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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Malte Mueller/Getty Images, modified by CoinDesk.
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For Colored Nerds is back! And to kick things off, Brittany and Eric sit down with actor Jay Ellis, who plays the most divisive character on Insecure — Lawrence. He told us all about his thoughts on Lawrence, what it’s meant to play such a controversial character, and what’s in store for the rest of Insecure’s fifth and final season. To get your weekly dose of Brittany and Eric, be sure to subscribe to For Colored Nerds wherever you listen to podcasts!
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We hear about this mysterious force all the time in fiction and film -- but what is it actually supposed to be? Is there any evidence that it might be real?
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Last month, In-N-Out Burger made national news when health officials in San Francisco shut down one of its restaurants. The company’s sin: refusing to comply with a law that requires restaurants to ask customers for proof of COVID-19 vaccination. An In-N-Out spokesperson described the mandate as “intrusive, improper and offensive” — and suddenly, the burger chain became a flashpoint in the country’s culture wars. Today, we talk about this beloved company with L.A. Times reporter Stacy Perman, author of the best-selling 2009 book “In-N-Out Burger: A Behind-the-Counter Look at the Fast-Food Chain That Breaks All the Rules.”
More reading:
Column: What In-N-Out’s vaccine standoff reveals about the California dream
Inside In-N-Out Burger’s escalating war with
California over COVID-19 vaccine rules ‘We refuse to become the vaccination police’: In-N-Out Burger, and other restaurants defy COVID mandates
President Biden holds virtual summit with China's leader. The jury weighs Kyle Rittenhouse's fate. Teens hurt in Colorado drive-by shooting. CBS News Correspondent Steve Kathan has today's World News Roundup.
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Hello!
Guest episode this week with Andy talking to Brian Hioe and Wen Liu, writers and academics based in Taipei, with the online magazine New Bloom. We talk about the scary headlines warning of a Chinese invasion of Taiwan, why the global left seems to dismiss Taiwan in favor of romanticizing the PRC, and what is the relationship between Asian and Asian American politics (if there is any)?
0:00 - Banter
7:00 - Recent headlines over the US’s commitment to defend China + Chinese fighter planes in Taiwanese air space + what is life like for regular Taiwanese people as a chip between two global superpowers + why New Bloom is skeptical about the probability of Chinese invasion.
22:00 - Why the western left reflexively dismisses Taiwanese concerns. We explore a few: PRC romanticism, anti-Republican Party liberalism, anti-US imperialism (esp. among Asian Americans), all kinds of weird racial assumptions, horseshoe anti-war politics, etc. And what Brian and Wen say in response to these.
58:30 - Some takeaways: what distinguishes a “leftist” position on Taiwan? what is the ideal relation between Taiwan and China? what can people in the rest of the world “do”? what is the role of Asian American and Asian diasporic politics for Asia, and vice versa?
Stuff mentioned/reference materials:
* Brian’s recent piece on Taiwan for Spectre journal
* John Oliver’s recent 20-minute history + summary of Taiwanese politics
* The Intercept’s recent weird piece on Taiwan
* Brian interviews Wen about activism and the 2014 Sunflower Movement
* Last June, we first talked with Brian about the “tankie” phenomenon
Thanks for your support! Be sure to sign up via substack or Patreon. Find us on twitter (@ttsgpod) or email timetosaygoodbyepod@gmail.com!
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