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.
On November 7, 2022, the U.S. Supreme Court heard oral argument in Michelle Cochran v. U.S. Securities and Exchange Commission. In April 2016, the Securities and Exchange Commission (SEC) brought an enforcement action against Michelle Cochran, a certified public accountant, alleging that she had failed to comply with federal auditing standards. A SEC administrative law judge (ALJ) determined Cochran had violated federal law, fined her $22,500, and banned her from practicing before the SEC for five years. The SEC adopted the ALJ’s decision, and Cochran objected.
Before the SEC could rule on Cochran’s objection, the Supreme Court decided Lucia v. SEC, in which it held that SEC ALJs are officers of the United States under the Appointments Clause, who must be appointed by the President, a court of law, or a department head. In response to the Lucia ruling, the SEC remanded all pending administrative cases for new proceedings before constitutionally appointed ALJs, including Cochran’s.
Cochran filed a federal lawsuit arguing that while Lucia may have addressed one constitutional issue with ALJs, it left uncorrected another problem: because SEC ALJs enjoy multiple layers of "for-cause" removal protection, they are unconstitutionally insulated from the President's Article II removal power. The district court dismissed her case for lack of subject-matter jurisdiction based on five circuit courts of appeal ruling that the Exchange Act implicitly stripped district courts of the jurisdiction to hear challenges to ongoing SEC enforcement proceedings. Arguing that in 2010, the Supreme Court had unanimously ruled in Free Enterprise Fund that nothing in the Exchange Act stripped federal court jurisdiction either explicitly, or implicitly, Cochran appealed to the U.S. Court of Appeals for the Fifth Circuit. A three judge panel affirmed the dismissal 2-1, but later, the Fifth Circuit sitting en banc, reversed 9-7, holding that Cochran had district court jurisdiction to bring her challenge to the SEC ALJ’s removal protections.
