Month: May 2022

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This Machine Kills - *Unlocked* – In the Shadow Banks of Silicon Valley (part 2)

(While Jereme works to overcome a technical problem from our last record, we are unlocking an episode.) We continue our discussion of Hilary Allen’s paper on DeFi and shadow banking and dive into her comparative analysis between Wall Street and Silicon Valley. We see how there are direct analogues between the kind of financial innovations and systemic fragilities that led to the 2008 crash and the crisis dynamics of DeFi: overleveraging and crypto tokens; rigidity and smart contracts; bank runs and stablecoins. Allen then argues that the best approach is not to legitimize DeFi through regulation, but to erect a firewall that prevents it from integrating with the mainstream economy and financial sector. Some stuff we reference: ••• DeFI: Shadow Banking 2.0 | Hilary J. Allen https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4038788 ••• Is Crypto Re-Creating the 2008 Financial Crisis? | Charlie Warzel, Hilary Allen https://newsletters.theatlantic.com/galaxy-brain/624cb2ebdc551a00208c1524/crypto-bubble-web3-decentralized-finance/ ••• Defi and Shadow Banking 2.0: Leverage, rigidity and bank runs | Cory Doctorow https://doctorow.medium.com/defi-and-shadow-banking-2-0-7bae9d1d308e Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)
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Consider This from NPR - Not Much Changed After Sandy Hook. Will Federal Laws Change After Uvalde?

At least 19 children were shot and killed by a man who investigators say was armed with assault rifles legally purchased after his 18th birthday. It was the deadliest school shooting since Sandy Hook in Newtown, Connecticut nearly 10 years ago. Connecticut Senator Chris Murphy tells NPR that lawmakers in Washington — including himself — bear responsibility for inaction on gun violence over the last decade.

Also in this episode, gun control activist Sandy Phillips, who spoke to NPR's Steve Inskeep on Morning Edition; and Uvalde City Manager Vince DiPiazza, who spoke to NPR's Leila Fadel on Morning Edition.

In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.

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Reset with Sasha-Ann Simons - Chicagoans React To Texas School Shooting And A Decade Of Failed Gun Legislation

A gunman killed 19 children and two teachers Tuesday at an elementary school in Uvalde, Texas, a small city west of San Antonio. The 18-year-old shooter was a student at the local high school and was killed by law enforcement. Parents and children alike are struggling to manage their stress and fears in the wake of the massacre. Reset gets the latest from a reporter on the ground in San Antonio, takes time to hear from Chicagoans in that aftermath, and a doctor offers some mental health advice to help them cope. We also dig into why there has been so little movement on gun legislation since Sandy Hook in 2012. For more Reset interviews, subscribe to this podcast. And please give us a rating, it helps other listeners find us. For more about Reset, go to wbez.org and follow us on Twitter @WBEZReset
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Motley Fool Money - 3 Stocks Benefitting from China’s 400 Million Millennials

As rough a year as it's been so far for stocks, there's one industry doing just fine. (0:25) Bill Mann discusses: - Why oil and gas stocks have done well in 2022 - How he expects industry giants like Chevron and Exxon Mobil to deploy capital - Reports that Airbnb is getting ready to exit China - A way U.S. investors can think about getting exposure to the 400 million millennials in China

(13:26) Jason Moser and Matt Argersinger share some lessons from past bear markets and three investment ideas for anyone looking to keep things simple.

Stocks discussed: XOM, CVX, ABNB, SBUX, MCD, YUMC, VYM, VIG, HD

Host: Chris Hill Guests: Bill Mann, Jason Moser, Matt Argersinger Producer: Ricky Mulvey Engineer: Dan Boyd

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The Daily Signal - 4 Steps Every School Can Take to Help Prevent Shootings

There are four steps schools can take to prevent tragedies like the one in Uvalde, Texas, Steven Bucci, a Heritage Foundation visiting fellow, says. “[I]t doesn’t have to be like this,” Bucci says. “We can mitigate the risk of these kind of things happening. I won’t say that any system is perfect and is going to stop every tragic incident, but boy, we could do a better job at it than we’re doing.” 

Americans across the nation are mourning with the people of Texas and all the families who lost loved ones in the shooting at Robb Elementary School. 


Two teachers and 19 students were killed by a gunman, leaving Americans to ask, how can we ensure a tragedy like this never happens again? 


Bucci served our country for three decades as an Army Special Forces officer and top Pentagon official, and has served on the front lines of a number of tragedies. He joins “The Daily Signal Podcast” to discuss four practical steps every school can take to prevent shootings, and minimize casualties if one does occur.  


Read the full transcript: https://www.dailysignal.com/2022/05/25/4-steps-every-school-can-take-to-help-prevent-shootings/


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