Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter. Today's episode of Up First was edited by James Hider, Tara Neill, Krishnadev Calamur, Janaya Williams, and Alice Woelfle. It was produced by Ziad Buchh, Ben Abrams, Nia Dumas and Milton Guevara. We get engineering support from Arthur Laurent. And our technical director is Zac Coleman.
Tensions are high between Israel and Iranian-backed Hezbollah after a rocket hit a soccer field filled with children in the Israeli-occupied Golan Heights. Nicolas Maduro was declared the winner of the Venezuelan Presidential election, and Donald Trump has been ramping up attacks on Kamala Harris as her campaign continues to energize Democrats.
*Bill Being Put Forth To Gov to Appoint police chief *AG Announces injunction against construction company *Sen Britt not happy with opening ceremony of Olympics *AL is booming when it comes to producing vehicles *Lake Guntersville residents concerned over possible mining *AL GOP Chair says party remains very pro-life
National News:
*VP Harris fundraising update *MS Company no longer advertising in Olympics after opening ceremony *Trump announces plan to head back to Butler PA *Latest on Trump assassination attempt *CA wildfire continues to burn *GOP not happy with VP Harris' silence on Israel
In the latest installment of the ongoing interview series with contributing editor Mark Bauerlein, Jeffrey Fynn-Paul joins in to discuss his book “Not Stolen: The Truth About European Colonialism in the New World.”
Music by Jack Bauerlein.
It is a truth universally acknowledged that as a society we want successful, profitable companies because, as Jan Eeckhout says in The Profit Paradox: How Thriving Firms Threaten the Future of Work(Princeton UP, 2021), “we tend to accept that when firms do well, the economy does well”, even when that's not true.
The rising tide, in some cases, does not lift all boats. Even when a few strong players have outsized gains, the rest of the market can suffer. These trends have a ripple effect over time that effectively separate economic winners, who keep an increasingly large share of benefits, from economic losers who struggle to compete, let alone maintain the standard of living achieved by their parents.
In this book, Jan Eeckhout documents how a small number of large firms have been able to gain tremendous market power through a variety of mechanisms such as price manipulation, outsourcing, and leveraging new technical innovations. None of these are inherently wrong, but when used by powerful companies to reduce or eliminate potential competition, they lead to inefficient markets that weaken society.
It is a case of excessive success, as companies narrowly focus on defending and increasing their profits without significant consideration for the externalities or unintended consequences of these market failures.
Eeckhout presents an optimistic outlook of how we can retain the extensive advantages of economic growth while reversing some of these more dangerous trends. His recommendations for the future include leveraging what we've learned from prior generations who faced similar challenges, and building on the incredible technical innovations that have characterized the last few decades, including recent breakthroughs in artificial intelligence.
Located in the state of Wyoming and a little bit of Montana and Idaho lies one of the world’s greatest national parks on Earth: Yellowstone.
In the 19th century, Yellowstone was declared the first national park in the world. However, what makes Yellowstone special actually dates back millions of years.
The geologic circumstances that led to the creation of Yellowstone today make it one of the most visited parks in the world.
Learn more about Yellowstone, its history, and its possible future on this episode of Everything Everywhere Daily.
Leah and Melissa introduce a new series on Project 2025, the Heritage Foundation’s deranged instruction manual for taking away all of our rights and making everyone’s lives worse. Then, the whole crew is together for a conversation with Dylan C. Penningroth about his book Before the Movement: The Hidden History of Black Civil Rights.
Get tickets for STRICT SCRUTINY LIVE – The Bad Decisions Tour 2025!
Almost as soon as Vice President Kamala Harris jumped into the 2024 presidential race, she found a message to set her apart from former President Donald Trump: her record as a prosecutor. It’s a compelling narrative, especially given Trump’s status as a convicted felon. But when she ran for president in 2020, then-candidate Harris aligned herself with the recent wave of “progressive prosecutors” moving away from the tough-on-crime policies that helped create mass incarceration. And it’s a label Republicans are trying to use against her and other Democrats in this election. Jamiles Lartey, staff writer for the Marshall Project, talks about the backlash to the progressive prosecutor movement and how it’s shaping the 2024 election.
And in headlines: Former President Donald Trump told a group of supporters that if they elect him in November they “won’t have to vote anymore,” Israel launched counterstrikes deep into Lebanon, and millions of West Coast residents are under air quality warnings as firefighters battle California’s biggest wildfire of the year.
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