Lots of colleges and universities have announced tuition hikes for the upcoming school year, just as inflation is taking a bite out of many families' budgets.
Still, NPR's Elissa Nadworny explains that the real cost of college for most students has actually been falling for the past few years, after decades of growth.
But college is still very expensive, and it can feel out of reach for some students. Two Washington, D.C. high school students explain how they're trying to make the math work.
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Cato Daily Podcast - After the Biden-Yoon Summit, What Did the U.S. and Korea Get?
What do South Korea and the U.S. want from each other? Cato's Doug Bandow and Eric Gomez explain.
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The Daily Signal - TOP NEWS | SCOTUS to Consider Limiting Federal Government’s Power, Illegal Alien Murders 5 People, Hunter Biden in Court | May 1
On today’s Daily Signal Top News, we break down:
- The Supreme Court will reconsider a 1980s case that could scale back the authority of federal agencies.
- First Republic Bank fails in the second largest bank failure in American history.
- Authorities search for an illegal alien who killed 5 people in Texas.
- Hunter Biden is in court for a child support case.
- The Central Florida Tourism Oversight District counter sues Disney after Disney sued Florida Gov. Ron DeSantis.
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Social Science Bites - Shinobu Kitayama on Cultural Differences in Psychology
In the 1970s and early 1980s, when Shinobu Kitayama was studying psychology at Kyoto University, Cognitive Dissonance Theory and Attribution Theory were “really hot topics” that he found “intellectually interesting” ways of describing human behavior.
“But when I came here [to the University of Michigan] and looked at my graduate students, colleagues, and friends, I realized that those ideas are really active elements of their mind in a way they were not to me as Japanese individual.”
He continues, “obviously there are many cultural shocks – for example, I felt hesitant in speaking up in graduate seminar, but I got the impression that American friends end up saying a lot of things seemingly without thinking anything. That’s the kind of experience that made me feel that something more profound might be going on in terms of culture and its influence on psychological processes.”
His own perch, he explains in this Social Science Bites podcast, helped focus his personal research into comparing people from East Asia, such as Japan, China, and the Philippines, with people in America. His research ranges from simple exercises involving redrawing a line within a box to brain-scanning technology (“culture gets under the skin,” he jokes before adding, “I find neuroscience indispensable”) and examinations of subsistence agriculture. The Robert B. Zajonc Collegiate Professor of Psychology at Michigan since 2011 now runs the Culture & Cognition Lab at the school’s Psychology Department.
He starts his conversation with interviewer David Edmonds offering a description of a prominent cultural difference between East Asia and Anglo-America - the idea of ‘independence’ and ‘interdependence.’
“In some cultures, particularly in Western traditions, ‘self’ is believed to be the independent entity that is composed of internal attributes, maybe your attitudes, maybe your personality traits and aspirations, which guide your behavior. Social relationships come out of those individual preferences.
“In many other cultures, the conception of the person is much more social and relational. There’s a fundamental belief that humans are humans because they are connected to formal social relationships.”
Kitayama offers some examples of these differences. “Americans tend to believe that what you hear somebody say must be what this person believes. If somebody says ‘yes,’ he must mean yes. But in many countries, ‘yes’ and ‘no’ carry very different meanings, depending on the context.” While someone from, say, the West may realize this on an intellectual level, in practice they often forget and assume a yes, means, well, yes. “We found this fundamental attribution error,” he concludes, “is much less, and often even nonexistent, in East Asian, and particularly Japanese, contexts.”
Or take happiness.
“Oftentimes, we believe that happiness is happiness. If Americans are happy, it must be in the way that Japanese are happy. We try to challenge this conception to see what people might mean when they claim they are happy. One easy way to do this is to ask people to write down what they mean by happiness, reasons for happiness, conditions in which happiness happens. Core elements of happiness, like elation, relaxation, feeling of excitement, are fairly common between U.S. and Japan.”
But what leads to those states are quite different, with Japanese respondents often citing social harmony while Americans cite personal achievement.
In the interview, Kitayama touches on why these differences might have arisen, including one idea that the cultivation of mainstay grains across thousands of years helped create the conditions that led to the cultural traits. The Asian staple of rice, for example, requires a more collective effort – “tight social coordination,” as Kitayama puts it -- to raise and harvest. Meanwhile, the Western staple of wheat requires less collaboration. These underlying agrarian requirements for supremely important foodstuffs may in turn, he says, “promote very different ideologies and social structures and institutions which then lay the ground for contemporary culture.”
Kitayama has published widely in English and in Japanese and served as editor of the Journal of Personality and Social Psychology: Attitudes and Social Cognition and the Personality and Social Psychology Bulletin. He was a fellow of the Center for Advanced Studies of Behavioral Science at Stanford in 1995 and in 2007, a Guggenheim Fellow in 2010, inducted as a fellow of the American Association for the Advancement of Science in 2012, and served as president of the Association for Psychological Science in 2020.
CoinDesk Podcast Network - CONSENSUS CONVERSATIONS: Regulation, Regulation, Regulation, With Senator Cynthia Lummis; What’s the Holdup?
This episode is sponsored by Brave.
We’re coming to you from the Brave Podcast Studio at Consensus 2023. Brave is the privacy browser used by almost 60 million people worldwide. It has everything you need to stay safe online. Check them out at brave.com.
During the third day of Consensus 2023, Michele Musso, senior producer of podcasts at CoinDesk, spoke with Senator Cynthia Lummis (R-Wyo.) about the current state of crypto regulation and innovation, the national security risks associated with "offshoring" crypto and Gary Gensler's message of resistance.
Additionally, the Senator discusses the importance of diversifying your portfolio with crypto and bitcoin, the devaluation of the U.S. dollar and the influence young people have in this space.
Last year both Senator Lummis and Senator Kirsten Gillibrand (D-N.Y.) introduced landmark legislation to create a regulatory framework for crypto called “The Responsible Financial Innovation Act.” They will reintroduce a revised version with more statutory language.
See more:
Read full coverage of Consensus 2023 here
S.4356 - Lummis-Gillibrand Responsible Financial Innovation Act
How the Lummis-Gillibrand Responsible Financial Innovation Act (S. 4356) Would Alter
the Crypto Regulatory Landscape
Detailed Discussion:
Cynthia Lummis Introduction. 0:00
The financial innovation act, responsible management of crypto assets.
Regulation regulation regulation regulation 2:15
The status of regulation in the US.
The need to legislate sooner.
Resistance message from Gensler. 4:45
McHenry spoke directly to Gary Gensler.
Gensler did not give a straight answer to McHenry.
Legislation on crypto regulation. 6:24
Playing catch-up ball, providing executive branch guidance.
Working carefully to listen to feedback post-FTX failure.
Intelligence officials have flagged national security risks. 8:08
Adjusting the bill to avoid stifling innovation.
National security risks of crypto.
Staff Accounting Bulletin 121. 9:42
Staff accounting bulletin 121 and how it is impacting the industry.
Custody assets belong to individuals.
Should I buy cryptocurrency in 2023? 11:40
Inflation is eating into the value of the U.S. dollar.
Diversified asset allocation.
The importance of diversifying your portfolio. 13:41
Have a diverse set of assets in retirement.
Get advice from knowledgeable young people.
How did the Senator become interested in Bitcoin? 15:27
Senator Lummis purchases Bitcoin.
The Satoshi roundtable in Cancun.
Elevating knowledge and discussion in the US Senate.
The need for innovation in digital assets.
Close Out - Thank You CoinDesk!
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This Episode of Consensus Conversations has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Music is Get Down” by Elision and Image credit: Kevin Ross.
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Motley Fool Money - Another Bank Seized & Sold
Three of the four largest bank failures in U.S. history have happened in the past two months.
(00:21) Bill Barker discusses: - Regulators seizing First Republic Bank and selling it to JP Morgan Chase - CEO Jamie Dimon's comments about the state of play in banking - Norwegian Cruise Line beating low expectations in the 1st quarter - A plot point in last night's episode of "Succession"
(15:16) Alison Southwick and Robert Brokamp continue their conversation with Motley Fool senior analyst Bill Mann about the "new normal" of investing in China.
Investments discussed: JPM, NCLH, CCL, DIS, PG, AAPL, BABA, VTI, VWO, FRDM
Host: Chris Hill Guests: Bill Barker, Alison Southwick, Robert Brokamp, Bill Mann Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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CoinDesk Podcast Network - GEN C: Evaluating the Web3 Music Ecosystem, With Oana Ruxandra of Warner Music Group
This episode is sponsored by Chainalysis.com.
Recorded live at Consensus 2023 in Austin, Texas, Oana Ruxandra, chief digital officer for Warner Music Group joins Avery and Sam on stage to discuss fandom, non-fungible tokens in music and how artists and music labels are strategizing 360 approaches to help artists’ careers.
Oana Ruxandra started her career as a financial portfolio manager before transitioning into the entertainment industry. As chief digital officer for Warner Music Group, she helps artists navigate innovation and the artist/fan engagement cycle. In this conversation, discussed live on stage in Austin at Consensus 2023, Oana sheds light on how Web3 is helping artists engage with fans, building experiences in the metaverse and the precarious landscape of generative artificial intelligence and artist creation.
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Web3 offers budding opportunities for brands to create more value for their customers, engage fans and build immersive community. But that doesn't come without its risks, Chainalysis helps Fortune 500 brands better understand and manage the risks in web3 through proactive assessments on chain monitoring, investigations, training and more so that they can focus on building a roadmap for long-term growth. Learn more about how Chainalysis can help your company grow in web3 at www.chainalysis.com/genc.
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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Adrian Blust, Uyen Truong and Eleanor Pahl. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.
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CoinDesk Podcast Network - MARKETS DAILY: Argentina’s Break With the Dollar, Bank Collapse and Mastercard’s Crypto Integration
With the Consensus 2023 festival Austin wrapped up while bitcoin opens the trading week below the $28.5K mark, plus a look at the latest bank failure, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
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Audio Poem of the Day - “La guerra nos declaraste”
By Irma Pineda
First Things Podcast - Seneca, Poetry, and Suffering
Dana Gioia joins the podcast to discuss his new translation of a Seneca play, “Seneca: The Madness of Hercules.”
Music by Advent Chamber Orchestra via Creative Commons.