When the Supreme Court decided Chevron U.S.A., Inc v. Natural Resources Defense Council, Inc. 40 years ago, it didn't turn many heads. But eventually, it became the most widely cited case in all of administrative law. It set a legal precedent to give federal agencies the benefit of the doubt when the law is ambiguous, known as Chevron deference.
Now, a recent Supreme Court decision has set in motion another tectonic shift, effectively ending that precedent. Today, we dig into what Chevron deference is and how it actually came about. Then tomorrow we'll continue our focus on this significant change by looking at the potential fallout.
Related episodes: A Supreme Court case that could reshape social media (Apple / Spotify) Could SCOTUS outlaw wealth taxes (Apple / Spotify)
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As the price of four-year colleges balloon and the job market becomes increasingly unstable, a new batch of workers are going another route: technical school.
Students enrolled in vocational-focused community colleges increased 16 percent from 2022 to 2023, according to the National Student Clearinghouse Research Center.
A technical college in Florida says almost all their programs are close to capacity. And in Maine, enrollment in career and technical schools passed 10,000 students statewide for the first time.
We discuss what a technical education looks like today and how beneficial the path can be for students.
We take a look at recent reports where venture capitalists like Sequoia and the investment banks like Goldman Sachs are starting to wonder out loud whether AI will ever be able to generate enough revenue and consumer demand to make the bubble feel solid. The returns on AI necessary for this massive infrastructure buildout to make sense are looking increasingly fantastical. It was only a matter of time until capital finally came around to our skepticism of generative AI.
••• AI’s $200B Question https://www.sequoiacap.com/article/follow-the-gpus-perspective/
••• AI’s $600B Question https://www.sequoiacap.com/article/ais-600b-question/
••• Gen AI: Too Much Spend, Too Little Benefit? https://www.goldmansachs.com/intelligence/pages/gs-research/gen-ai-too-much-spend-too-little-benefit/report.pdf
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With Day 2 of the RNC now in the rearview mirror, we will listen to Mike's interviews with Lauren Boebert and Pennsylvania Republican Senate candidate David McCormick, who was in the front row of the attempted assassination of Donald Trump. Plus, a cute bulldog's middling political prognostication, and a breakdown of the statistics around the crime rates of unlawful immigrants versus the impact on family members of the victims of these crimes.