In Georgia, Democrat Raphael Warnock held on to his U.S. Senate seat, defeating Republican candidate Herschel Walker in a special runoff vote. Warnock's reelection is a big win for Democrats, as it gives them a slightly expanded majority in the Senate. It also further supports the idea that Georgia, a historically red state that Democrats managed to flip in 2020, really is becoming more purple.
We speak with Republican strategist Janelle King, and Democratic strategist Fred Hicks about the lessons both parties can learn from the results of this contest, as they look ahead to 2024.
On today’s episode, NLW provides an overview of the broader economy, including:
Wall Street’s predictions for a bad 2023
PepsiCo layoffs
OPEC+ oil decision
China backing off Zero-Covid policies
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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at nexo.io/wallet.
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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.
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Kraken, the secure, trusted digital asset exchange, is our sponsor for today's show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. Your account is covered by regular Proof of Reserves audits, industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com/breakdown.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
Congress loves to avoid accountability. Our current and most recent former presidents have both presided over unprecedented spending. To make matters worse, the flashpoint of accountability elections provide is two years or more away. Jonathan Bydlak of the R Street Institute says this is the time when we should expect to see lawmakers at their least accountable as many (but not all) traditional opponents of profligate spending have shifted focus more immediate culture war fights.
After helping to drive trading costs to $0, Robinhood offers a financial incentive for IRA investing. (0:21) Jason Moser discusses: - Whether Robinhood's 1% match on new IRA accounts will force other financial institutions to do the same - If the new service from the still-unprofitable Robinhood will reward shareholders - A new survey from Forbes Advisor about the increase in buy-now, pay-later activity and what it bodes for consumer savings in 2023 (10:25) Asit Sharma talks with Endava CEO John Cottrell about digital payment trends and differentiating from the competition. Stocks mentioned: HOOD, DAVA, WISE Holiday Music: Christmas Will Work It Out by Paola Bennet Host: Chris Hill Guests: Jason Moser, Asit Sharma, John Cottrell Producer: Ricky Mulvey Engineers: Rick Engdahl
We are taking a break to catch up on stuff. Enjoy this classic (and infuriating) premium episode.
Take beta blockers before this episode. In a companion piece for our episode on Health Communism, we dig into a concrete case that exemplifies everything we talked about with the production of surplus populations for the purpose of extractive abandonment. The ongoing story we discuss in this episode takes all those dynamics and pushes them to their most horrific logical conclusions.
Some references:
••• How a Hospital Chain Used a Poor Neighborhood to Turn Huge Profits https://www.nytimes.com/2022/09/24/health/bon-secours-mercy-health-profit-poor-neighborhood.html
••• They Were Entitled to Free Care. Hospitals Hounded Them to Pay. https://www.nytimes.com/2022/09/24/business/nonprofit-hospitals-poor-patients.html
••• Deaths Linked to Neglect, Error Raise Concerns About Quality of Care at This Safety Net Hospital https://www.propublica.org/article/chicago-roseland-community-hospital-covid-deaths
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Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)
The most valuable crypto stories for Wednesday, Dec. 7, 2022.
"The Hash" team discusses the bear market with gaming, NFTs, and an older story of Immutable X. Also, on a bigger note, a New York bankruptcy judge has agreed to issue subpoenas against the founders of Three Arrows Capital as liquidators seek to wind down the collapsed crypto fund. Plus, a “Hash” interview with Vayner3 President Avery Akkineni as she joins to discuss how she is onboarding mainstream companies into Web3 and why much of corporate America still has a crypto appetite.
This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Bitstamp is the longest-running crypto exchange and was recently rated #1 in the world by CryptoCompare. Regulation, transparency, and security are pillars that ensure customers' funds are safe; it’s the Bitstamp way. Learn more about how your crypto is always yours at bitstamp.net.
On this episode of “You’re Wrong,” a production of "The Federalist Radio Hour," Federalist Editor-in-Chief Mollie Hemingway and Senior Editor David Harsanyi discuss Democrats' voter suppression in Georgia, debate the effectiveness of "Trumpism," analyze the inappropriate meddling in the Twitter files by Russia collusion hoaxer James Baker, and give their entertainment recommendations for the week.
Bruce Matthews and Kynan Carver, cybersecurity executives at Maximus and experts in threat intelligence and security technology join the show to discuss the progress that has been made since the release of the cybersecurity executive order. We also talk specifically about advances made at DHS and the DoD, how the CMMC program is evolving in support of the defense industrial base, and they make predictions for what 2023 will bring to this area of focus.
Max Bergmann of the Center for Strategic and International Studies joins NPR to discuss the implications of reported Ukrainian air strikes deep within Russia.
Everything Everywhere All at Once is a sci-fi comedy independent film that came out in the spring of 2022. It’s a huge hit that made over $100 million at the box office. It’s already been named the best movie of the year by several publications and awards organizations.
The movie stars the legendary actress Michelle Yeoh, and was directed by the Daniels, the directing duo of Daniel Kwan and Daniel Scheinert. The score for the film is by the band Son Lux. In addition to the score, Son Lux also made the original song for the film’s end credits: "This is a Life," featuring two prestigious guest vocalists: Mitski and David Byrne of the Talking Heads.
For this episode, I spoke to Ryan Lott from Son Lux, as well as the Daniels. Ryan tells the story of how the song was created, with his bandmates and Mitski and David Byrne and Daniels all adding to it and shaping it.