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Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.
This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.
Sam Bankman-Fried's fourth day of testimony in his trial saw a quieter and more composed demeanor, but he still faced challenges in providing clear and coherent responses to some questions from the prosecution. The trial is now moving into its final phase with closing arguments scheduled for Wednesday, bringing an end to the presentation of evidence and legal discussions on jury instructions.
Beneath starched Shakespearean togas and the pungent fug of gladiator sweat there are real Romans waiting to be discovered. To know what it was to be Roman you need to gather the scattered clues until they form a living, breathing human, witness to the highs and horrors of Europe’s greatest empire. Mary Beard introduces her six part series on the people of the Roman Empire, from a slave to an emperor.
Today's podcast asks what kind of condition the presidential race is in a year before we vote, and whether the gravity of a deteriorating world is being met with the kinds of political figures up to the challenge. Then....hotel showers! Why are they so terrible? Give a listen.
Defense lawyer Sam Enzer says Sam Bankman-Fried’s testimony had evasive answers and non-sequiturs—but that the defense may now have a good argument for appeal.
Sam Enzer, a partner at the law firm Cahill Gordon & Reindel, told Laura that former FTX CEO Sam Bankman-Fried did about as well as he could in his testimony Friday but that he was unlikely “to withstand the scrutiny” of what prosecutors have already said will be a robust cross-examination when he takes the stand Monday.
Enzer noted that Bankman-Fried’s attempts to explain why he thought his trading shop, Alameda Research, could borrow billions in dollars of FTX customer assets “defies common sense,” and that the company’s own terms of agreement or any other communications offered no justification for this belief. A Thursday hearing without the jury present, in which the defense gave a preview of some arguments it wanted to make, ended up giving the government answers from SBF that it can now use against him. Enzer also said that Bankman-Fried’s contention that his biggest mistake – a failure to implement proper risk management – did not constitute criminal fraud, did not address the core of the government’s case; namely, that he lied about how FTX was handling customer deposits.
Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.
Americans hope to escape Gaza now that some of the injured have been allowed into Egypt. Pilot charged over gun in the cockpit. The Federal Reserve's interest rate decision. CBS News Correspondent Steve Kathan has today's World News Roundup.
Cook County property tax bills are due Dec. 1, and most homeowners will be paying more than last year. Reset explores why bills are rising with WBEZ Cook County and public health reporter Kristen Schorsch and Chicago Tribune county and city government reporter A.D. Quig.
Online and on-screen reactions to the conflict reflect a subtle but important shift in Western attitudes, driven by three related forces: technology, demography and ideology. Britain’s King Charles is visiting Kenya—and will have a harder time navigating historical tensions than his mother ever did (09:56). And sleeping less tight: Paris is not the only place bedbugs are on the rise (18:24).
Is giving to a charitable cause essentially equivalent to any other economic decision made by a human being, bounded by the same rational and irrational inputs as any other expenditure? Based on research by psychologist Deborah Small and others working in the area of philanthropy and altruism, the answer is a resounding no.
In this Social Science Bites podcast, Small, the Adrian C. Israel Professor of Marketing at Yale University, details some of the thought processes and outcomes that research provides about charitable giving. For example, she tells interviewer David Edmonds, that putting a face to the need – such as a specific hungry child or struggling parent – tends to be more successful at producing giving than does a statistic revealing that tens of thousands of children or mothers are similarly suffering.
This “identifiable victim effect,” as the phenomenon is dubbed, means that benefits of charity may be inequitably distributed and thus do less to provide succor than intended. “[T]he kind of paradox here,” Small explains, “is that we end up in many cases concentrating resources on one person or on certain causes that happened to be well represented by a single identifiable victim, when we could ultimately do a lot more good, or save a lot more lives, help a lot more people, if – psychologically -- we were more motivated to care for ‘statistical’ victims.”
That particular effect is one of several Small discusses in the conversation. Another is the “drop in the bucket effect,” in which the magnitude of a problem makes individuals throw up their arms and not contribute rather than do even a small part toward remedying it.
Another phenomenon is the “braggarts dilemma,” in which giving is perceived as a good thing, but the person who notes their giving is seen as less admirable than the person whose gift is made without fanfare. And yet, the fact that someone goes public about their good deed can influence others to join in.
“[O]ne of the big lessons in marketing,” Small details, “is that word of mouth is really powerful. So, it's much more effective if I tell you about a product that I really like than if the company tells you about the product, right? You trust me; I'm like you. And that's a very effective form of persuasion, and it works for charities, too.”
Small joined the Yale School of Management in 2022, moving from the University of Pennsylvania’s Wharton School, where she had been the Laura and John J. Pomerantz Professor of Marketing since 2015. In 2018, she was a fellow of the American Psychological Society and a Marketing Science Institute Scholar.
The new novel by Tan Twan Eng, The House of Doors, is a project of historical fiction immersed in the culturally rich island of Penang in the 1920s. A once revered, now flailing British writer arrives to visit a friend and find inspiration for a new book. What he uncovers – secret affairs, a murder trial, and deeply complicated relationships – proves to be more than he expected. In today's episode, NPR's Ari Shapiro asks the author about using the real writer W. Somerset Maugham as his protagonist, and about what writing from the perspective of the Brits reveals about imperialism.
