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Hello!
Today we have a great interview with Nithya Raman, the City Councilmember for Los Angeles’s District 4. We talk about housing, the despair around the homelessness problem in California’s biggest cities, and whether there might be a different future for the city’s political machine.
My interest in Councilmember Raman started back when I was writing the newsletter for the Times because there was an effort by some of the more powerful local politicians to redraw her district in ways that would both disenfranchise many of the people who had voted for her to be their representative but also seemed to reflect the unrelenting power of homeowners in Southern California.
You can read some of those pieces here, here, and here.
What became clear to me during the reporting of those pieces was that Mike Davis was right when he wrote “the most powerful ‘social movement’ in contemporary Southern California is that of affluent homeowners, organized by notional community designations or tract names, engaged in the defense of home values and neighborhood exclusivity.”
The real battle in California, then, is between the self interests of homeowners to protect their value and the “character” of their neighborhoods and the best interests of everyone else. This is not a fight that follows basic partisan lines nor is it one that really has much coherence to it, but it’s the fight that every politician in California, especially in Los Angeles or here in the Bay Area, must navigate to get anything done.
Nithya and I talked about all that and the massive scandal in the Los Angeles City Council in 2022, where Latino members of the council and labor leaders were caught on tape making bigoted statements about pretty much every other group in the city. What those tapes revealed, at least to me, was how a type of identity politics actually functioned in the country’s second biggest city.
If you want to know a bit more about Nithya, here’s a link to her campaign page and a story about the leaked tape scandal.
thank you!
TTSG
The delicate balance between efficiency and decentralization, and the potential for crypto's democratic governance.
This episode is sponsored by Cboe Digital
In this week's installment of "Money Reimagined," hosts Michael Casey and Sheila Warren delve into the challenges of self-custody following the notorious Ledger hack, reflecting on a year of reckoning and consolidation in the crypto industry. Our hosts stress the pivotal role of decentralization and choice in system design and underscore the urgency of constructing a robust foundational layer for the future of decentralized technologies. Gain insights into the principles of decentralized governance and its parallels with constitutional principles.
Links |
What We Know About the Massive Ledger Hack
Ledger Exploit Endangers DeFi; Sushi Says 'Do Not Interact With ANY dApps'
Lido Tests of 'Distributed Validator Technology' Portend 2024 Decentralization Push
Ethereum Platform Infura's Step Toward Decentralization Includes Microsoft, Tencent
From our sponsors:
Do you have a trusted partner for your crypto trading? Cboe Digital will introduce financially settled margin futures on Bitcoin and Ether on January 11th, 2024 with physically delivered contracts to follow. Listed and cleared on Cboe’s U.S. regulated exchange and clearinghouse, and complemented by a liquid crypto spot market for greater ease and access. We invite you to learn more about this and all applicable risk disclosures at cboedigital.com/coindesk.
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Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer.
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The latest price moves and insights with Jennifer Sanasie and guest Eddy Gifford, wealth advisor at Tactive.
To get the show every day, follow the podcast here.
"Markets Daily" kicks off a new format with a minute of market updates, followed by an interview with a rotating cast of markets analysts across the crypto space. Today, host Jennifer Sanasie speaks with Eddy Gifford on January price predictions, spot bitcoin ETF approval odds and market moving news for the new year.
This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montanez. All original music by Doc Blust and Colin Mealey.
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