FTX founder Sam Bankman-Fried is a lot of things — but he’s not Bernie Madoff.
It's an important distinction, and one that will have to land with the jury at trial if SBF's legal team is going to have a chance at defending against the seven charges he's facing.
The good news: Even Bernie Madoff's former prosecutor, Marc Litt, knows this case isn't a repeat of the multibillion-dollar fraud perpetrated by America's most infamous fraudster.
The bad news: Fraud is still fraud.
"The case isn't about cryptocurrency — it's about, again, representations made and not kept. It's about taking money from one pocket and using it for purposes of another company in another pocket without the investor knowing that, and with taking efforts to conceal that. That's not hard for a jury to understand," Litt said.
In the fourth episode of our investigation into the SBF’s upcoming trial defense, we dig into how Sam Bankman-Fried could walk free.
If aliens were to look at the Earth through a telescope from far away and analyze our atmosphere, they would find that the dominant element is nitrogen.
Nitrogen makes up 78% of our atmosphere, and it's all around us. However, it behaves very differently than the other common elements around us.
Nitrogen is not just vital for the functioning of life but is also used in various industrial and commercial applications as well.
Learn more about nitrogen, the invisible yet vital element, on this episode of Everything Everywhere Daily.
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For too long, our system of higher education has been defined by scarcity: scarcity in enrollment, scarcity in instruction, and scarcity in credentials. In addition to failing students professionally, this system has exacerbated social injustice and socioeconomic stratification across the globe. In The Abundant University, Michael D. Smith argues that the only way to create a financially and morally sustainable higher education system is by embracing digital technologies for enrolling, instructing, and credentialing students—the same technologies that we have seen create abundance in access to resources in industry after industry.
The Abundant University: Remaking Higher Education for a Digital World(MIT Press, 2023) explains how we got our current system, why it’s such an expensive, inefficient mess, and how a system based on exclusivity cannot foster inclusivity. Smith challenges the resistance to digital technologies that we have already seen among numerous institutions, citing the examples of faculty resistance toward digital learning platforms. While acknowledging the understandable self-preservation instinct of our current system of residential education, Smith makes a case for how technology can engender greater educational opportunity and create changes that will benefit students, employers, and society as a whole.
Smith, the J. Erik Johnson Chaired Professor of Information Technology and Marketing at Carnegie Mellon University, argues that American higher education is subject to market forces just like any other industry. Forbes says, “With a straightforward, conversational style, Smith succeeds in portraying the current problems bearing down on higher education and offering a set of bold solutions for a future where he envisions a college education becoming ‘more open, flexible, inclusive, and lower-priced.’ The Abundant University is a provocative book that should be read by higher ed insiders as well as those in the general public who care about expanding the reach and the impact of higher education.”
John Emrich has worked for decades in corporate finance, investment management, and corporate strategy. He has a podcast about the investment advisory industry calledKick the Dogma.
It's looking more likely parts of the government will have to stop operating in a couple of days. We'll tell you what lawmakers are doing now with a government shutdown right around the corner.
And vital funding is soon running out for some child care centers, but it has nothing to do with the shutdown.
Plus, the U.S. is about to be without any pandas for the first time in decades, Netflix is marking the official end of the DVD era, and it's National Coffee Day. We'll preview some deals you can find around the country today.
Republicans held their first hearing Thursday in their impeachment inquiry into President Joe Biden. The six-hour hearing before the House Oversight Committee tried to make the case that the president benefitted from his son's business dealings – even though the Republicans' own witnesses said they didn't have any evidence to prove it.
Meanwhile, the U.S. government notified federal workers that a shutdown is on the horizon if Congress doesn't reach a deal by 12:01 a.m. ET Sunday. The disruption could impact millions of government employees and military families, and affect many critical services.
And in headlines: Donald Trump’s civil fraud trial in New York is set to start on Monday, California will raise the minimum wage for fast food workers, and Netflix has rolled the credits on its DVD-by-mail service.
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
All of us encounter twists and turns every day—whether in our personal lives or at work. Steve McKee’s new book “Turns: Where Business Is Won and Lost” offers a guide for which turns to take to live a better life.
McKee, co-founder of the McKee Wallwork marketing agency in New Mexico and author of several acclaimed books, has navigated turns throughout this own life and successful career. He joins "The Daily Signal Podcast" to explain how he navigated the ups and downs as an innovative leader.
Listen to the full interview or read a lightly edited transcript at DailySignal.com.
**Today’s episode discusses sensitive language, including the n-word, and may not be appropriate for all listeners.**
For decades, words and phrases that originate in Black homes, churches, and entertainment have been pulled into the national conversation…where their meanings are often changed or widely misunderstood. And social media has accelerated the process, taking Black vernacular from a group chat, to Twitter, to national headlines in record time. On today’s episode of A Word, Jason Johnson is joined by journalists Tre’vell Anderson and Jarrett Hill, co-authors of the new book, Historically Black Phrases: From ‘I Ain’t One of Your Lil’ Friends’ to ‘Who All Gon’ Be There?’They talk about what inspired their book, and how they hope the book can provide a snapshot of authentic Black language, and the spark to more honest conversations about race and identity.
