In 2006, Oprah Winfrey profiled three families, their spending habits, and their out of control debt. The episode caused a huge stir, with audience members, the public, and Oprah herself adding a level of shame and disbelief at how the families spent their money. It also launched the eight-step “debt diet” program. But the episodes didn’t get at the larger structural questions of why families end up in debt, and why it’s so hard to break free.
Special Guest: Mehrsa Baradaran, professor at UC-Irvine and author of How the Other Half Banks and The Color of Money: Black Banks and the Racial Wealth Gap.
Find lots more and subscribe to our newsletter on our website — Oprahdemics.com
Producer Nina Earnest, Executive Producer Jody Avirgan. Artwork by Jonathan Conda.
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On today’s episode, NLW covers a set of recent news in the crypto industry, including:
Reactions to the Responsible Financial Innovation Act
SEC investigating Binance over BNB
Reuters report on Binance and money laundering
BlockFi raising money on a down round
Coinbase’s rescinded job offers
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Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.
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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. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Andriy Onufriyenko/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
Eli Lake joins the podcast to talk about the staggering results in the California primary last night, in which a progressive prosecutor was recalled and an all-but-in-name Republican came in first in the Los Angeles mayoral race. Give a listen. Source
It will be an emotional day in Congress as survivors from Uvalde and Buffalo pressure lawmakers on guns. FBI sued by Larry Nassar's victims. 50 years since an iconic Vietnam photo. CBS News Correspondent Steve Kathan has today's World News Roundup.
Pakistan’s government faces an unpleasant choice between doing what’s popular and what is economically necessary, as Imran Khan, the former prime minister, exploits widespread discontent for his own ends. Russia’s invasion is threatening Ukraine’s unique seed bank. And why so many languages have such a rich variety of words to describe family members and relationships. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer
It has been called the boob tube and the idiot box, but the fact is that perhaps no invention was as important to the latter half of the 20th Century as the television.
Once the problems of moving pictures and wireless audio had been solved, it took quite a bit longer to solve the problem of wireless moving pictures.
Once it was solved, it revolutionized the world.
Learn more about the history of television, how it was developed and how it took over the world, on this episode of Everything Everywhere Daily.
We open today's episode with a personal note from Vic followed by an update from camp in North Carolina. On the news front: Biden is woe, Washington Post's HR had a busy weekend and 1984 is one step closer to reality.
Time Stamps
0:12 - Introduction
18:29 - President Biden is seething over his standing
29:02 - Washington Post HR incident unfolds in real-time on Twitter.
42:27 - Shanghai update
49:28 - Another comedian stands up for free speech
The UK has a low unemployment rate, and a large number of people who are not working right now ? we look at how both of these are true with the help of Chris Giles from the FT and Louise Murphy from the Resolution Foundation.
Have pyramids really moved 4km south since they were built?
For years, the media has been claiming that the odds of having identical triplets are one in 200 million ? we are very suspicious. And we look at apparently concerning reports about women's life expectancy in the poorest parts of England.
Plus, we have received a lot of emails from listeners about last week?s episode. Some questioning the definition of a billion, others questioning our explanation of the nautical mile. We do some reflecting.
