The World Cup begins Sunday in Qatar, a nation of just 300k citizens (half of Vermont) — but it’s dropped $200B for 8 new stadiums. Starbucks’ busiest day of the year was yesterday’s “Red Cup Day”, because holidays beat habits. And FTX Founder Sam Bankman-Fried just admitted he’s a fraud, so we’re gonna play a little game: Lehman, Enron, or Madoff?
$SBUX $BTC $COIN
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This is a story of how something can appear to be what it is not.
It’s a tale of a jarring contrast between the image the world had of Sam Bankman-Fried before FTX’s meltdown pushed the crypto world into a nauseating tailspin and the reality of a wildly mismanaged multibillion-dollar empire with what Bankman-Fried’s appointed successor described as an “unprecedented” failure of accounting, oversight and discipline.
Before Ian Allison’s Nov. 2 CoinDesk scoop on FTX sister company Alameda Research’s suspect balance sheet, Bankman-Fried was seen as a philanthropic, well-connected, celebrity-hobnobbing, marketing-savvy leader, a wunderkind who made crypto respectable. Two weeks later, he is viewed as a laughing stock, a suspected criminal, an irresponsible, wildly underqualified, selfish child who has destroyed the livelihoods of tens of thousands. Wow. What a difference two weeks make!
In this episode of Money Reimagined, host Michael Casey chats with two CoinDesk colleagues who’ve delved deeply into the SBF story: Deputy Managing Editor for Companies coverage Tracy Wang and Managing Editor for Global Policy and Regulation, Nikhilesh De. Together they dig into how the erstwhile FTX CEO could have misled the world to such a degree.
They explore Bankman-Fried’s journey, how it begins with his adherence to the principles of effective altruism, a stated desire to get as rich as possible to do maximum good, and how it all seems to fall apart as FTX gets bigger. They discuss how his philanthropy, political donations, and marketing efforts hid the dark reality underneath and delve into what needs to happen, at the community level and in regulation, to protect people falling from such distortions in the future.
This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”
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On today’s episode we are discussing the Republican’s control of the house, Trump’s 2024 announcement, an update out of Ukraine, Covid, and an interesting Zip Recruiter story.
Time Stamps:
5:02 House Party
12:00 2024
27:01 Ukraine Update
30:44 Covid Is Over?
38:19 Zip Recruiter
Questions? Comments? Email us at Hammered@Nebulouspodcasts.com
Samuel J. Levine's Was Yosef on the Spectrum?: Understanding Joseph Through Torah, Midrash, and Classical Jewish Sources (Urim Publications, 2018) offers a coherent and cohesive reading of the well-known Biblical story of Joseph, presenting a portrait of him as an individual on the autism spectrum. Viewed through this lens, he emerges as a more familiar and less enigmatic individual, exhibiting both strengths and weaknesses commonly associated with autism spectrum disorder.
Matthew Miller is a graduate of Yeshivat Yesodei HaTorah. He studied Jewish Studies and Linguistics at McGill for his BA and completed an MA in Hebrew Linguistics at Queen Mary University of London. He works with Jewish organizations in media and content distribution, such as TheHabura.com and RabbiEfremGoldberg.org.
Democrats defied expectations in this year’s midterm elections, maintaining control of the Senate and keeping the GOP from gaining ground in the House. Former U.S. Housing Secretary Julián Castro unpacks the midterm election results with Time magazine’s national political correspondent, Molly Ball. Just how much did issues like abortion, the Jan. 6 insurrection, and the economic crisis shape the results? Also, the two dive into what Congress’ legislative agenda may look like, and whether the GOP will alter its strategy following their midterm meltdown. Plus, Molly recounts being at Trump’s campaign announcement on Tuesday night.
Keep up with Secretary Julián Castro on Twitter @JulianCastro
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CVS Health helps people navigate the healthcare system and their personal healthcare by improving access, lowering costs and being a trusted partner for every meaningful moment of health. At CVS Health, healthier happens together. Learn more at cvshealth.com.
What to know about a big leadership shakeup in the federal government. People on both sides of the aisle are responding.
Also, nearly the entire country is dealing with colder-than-usual weather for this time of year. One city has basically shut down and even an NFL team is relocating.
Plus, which airport is considered the best in the U.S., and what prompted Twitter to suddenly close its office doors.
And it was a record-breaking yet frustrating fiasco for Taylor Swift fans. The public sale for concert tickets has now been canceled.
Those stories and more news to know in around 10 minutes!
After leading congressional Democrats for over 20 years, House Speaker Nancy Pelosi announced she won’t be seeking a leadership role in the next Congress. Her decision to step down is expected to pave the way for a new generation of leaders to fill the caucus’s top ranks.
Congresswoman Karen Bass is the next mayor of Los Angeles, after beating out billionaire Rick Caruso. She will become L.A.’s first woman mayor, and the second Black mayor in the city’s 241-year history.
And in headlines: workers at over 100 Starbucks locations nationwide went on strike, Ticketmaster canceled the general ticket sale for Taylor Swift’s upcoming tour, and the executive who oversaw Enron’s bankruptcy called FTX’s collapse “unprecedented.”
Crooked Coffee is officially here. Our first blend, What A Morning, is available in medium and dark roasts. Wake up with your own bag at crooked.com/coffee
Dallas Jenkins was considering hanging up his filmmaking hat after his movie “The Resurrection of Gavin Stone” bombed at the box office in 2017.
“I got to a place that weekend where I didn't know if I would ever make another movie again,” Jenkins says. “When you have a failure, it's hard to find people who are eager and willing to finance your next venture.”
With the support of his church, the film director decided to jump back into making a short movie about the birth of Christ. It was a hit.
“Long story short, that short film ended up being the catalyst … [for] 16,000 people all over the world investing over $10 million into season one of “The Chosen,” and the rest is history,” Jenkins says.
“The Chosen,” based on the Gospels, is a streaming dramatic series that follows the ministry of Jesus and his disciples. Episodes from season one and two have been streamed over 400 million times.
On Nov. 18, episodes one and two of the third season of “The Chosen” will premiere in theaters.
“Season three is kind of this transition moment of the disciples going, 'Yay, we're officially Jesus' apostles. Why aren't things awesome?' They have to wrestle with that, and I think the viewer does too,” Jenkins says.
Jenkins joins “The Daily Signal Podcast” to discuss creation of the series and the greatest challenges he and the cast faced in filming season three.
