Month: August 2024

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The Daily Signal - Charles Gasparino: Exposing the Cost of Corporate Wokeness

When Charles Gasparino set out to report on Silicon Valley Bank’s collapse, he had no idea he was about to uncover a much larger story: the radical transformation of American business.

Gasparino, a veteran financial journalist at Fox Business, initially focused on the bank's poor risk management. But he soon stumbled upon something more troublesome—an unhealthy fixation on diversity, equity, and inclusion (DEI) and environmental, social, and governance (ESG) policies. 

This misplaced focus, Gasparino argues, played a significant role in the bank's ultimate demise.

As he dug deeper, a troubling pattern emerged. Silicon Valley Bank wasn't an isolated case—it was just the beginning. From Disney’s controversial policies under Bob Chapek to BlackRock CEO Larry Fink's aggressive push for ESG standards, Gasparino found that wokeness had infiltrated boardrooms across America.

Gasparino traced this trend back to the summer of 2020, when corporations reacted strongly to the George Floyd protests, exemplified by J.P. Morgan’s CEO, Jamie Dimon, famously taking a knee.

Through extensive interviews and research, Gasparino documented how corporations eagerly embraced woke ideas, only to face harsh financial realities. His new book "Go Woke, Go Broke: The Inside Story of the Radicalization of Corporate America" offers a stark warning to CEOs who might be tempted to follow this path.

On today's episode of "The Daily Signal Podcast," Gasparino explains that when businesses stray from their core mission—maximizing shareholder value—it's a losing proposition. Listen as we explore how woke ideology reshaped corporate America and what can be done about it.

Enjoy the show!

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NPR's Book of the Day - Cory Richards’ memoir covers mountains, photography and mental health

Cory Richards made a name for himself taking photographs across the globe for National Geographic. His new memoir, The Color of Everything, grapples with the harsh realities of high-end climbing, fame, mortality – and some of the not-so-great things he's done. In today's episode, Richards speaks with NPR's Sacha Pfeiffer about why he jokes the book is a bit of 'memoir, mountains, mea culpa' and what it means for public figures to open up about their pitfalls.

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Chapo Trap House - 856 – Bear Market feat. Jeff Stein (8/5/24)

The Washington Post’s Jeff Stein stops by to discuss his extensive new piece investigating the ever-ballooning U.S. international sanctions regime. Despite Biden recently bragging he’s leaving office with the U.S. not involved in any foreign conflicts, the U.S. now has sanctions in place in over a third of all nations around the world, including more than 60% of “developing” nations. Jeff walks us through this increasingly central policy of worldwide economic coercion, how it shapes American imperial aims, and some intended & unintended consequences of the exponential expansion of sanctions in the 21st century. Then, we take a quick look at the state of the Veepstakes, Josh Shapiro’s whole deal, and of course, RFK Jr. and the road-kill bear. Check out Jeff’s sanctions investigation here: https://www.washingtonpost.com/business/interactive/2024/us-sanction-countries-work/
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Read Me a Poem - “Stick the Landing” by David Gewanter

Amanda Holmes reads David Gewanter’s “Stick the Landing.” Have a suggestion for a poem by a (dead) writer? Email us: podcast@theamericanscholar.org. If we select your entry, you’ll win a copy of a poetry collection edited by David Lehman.


This episode was produced by Stephanie Bastek and features the song “Canvasback” by Chad Crouch.


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The Stack Overflow Podcast - Unpacking the 2024 Developer Survey results

Read the blog post or dive into the results of our 2024 Developer Survey.

A few highlights to get you started: 

Speaking of our developer community, Stack Overflow user Frank earned a Stellar Question badge by wondering How to use C++ in Go.

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The Indicator from Planet Money - Markets have a bad case of the Mondays

It's been a turbulent couple of days for financial markets around the world. Japan's biggest stock market saw its worst day in decades. Corporate earnings disappointed investors. And last week's jobs report here in the US showed disappointing numbers. Is this a sign of a recession or just some temporary turbulence? Today, we speak with two economic analysts to make sense of what's really going on.

Related:
Matt Klein's newsletter "The Overshoot"
Why are we so bummed about the economy? (Apple / Spotify)
The Sahm Rule With The Eponymous Economist

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Honestly with Bari Weiss - What to Do When the Market Drops? Call Larry Summers.

On Monday, the markets had one of its worst trading days since the 2008 financial crisis. Stocks tumbled around the world, with a global sell-off, amid fears of a recession. The VIX (an index often called “Wall Street’s Fear Gauge”) was at times today as high as we saw it when the economy was shutting down for Covid. 


This comes on the tail of a pretty insane news cycle: a presidential assassination attempt, Joe Biden dropping out of the race, the coronation of a new Democratic nominee, a stolen election (actually) in Venezuela, a Middle East on the brink of war. . . should I go on? But the most pressing issue to most Americans is and always has been the economy. 


And with everything else going on, many of us have been paying far too little attention to the economic story here at home, and the policies that may have brought us to this moment we find ourselves in today. 


To explain how we got here is Larry Summers. Summers was Secretary of the Treasury under President Clinton, and he was the director of the National Economic Council under President Obama. He was president of Harvard for five years. And he is one of the world’s most prominent economists. 


Today: What is going on in the market? What caused it? Was it avoidable? What happens next? And what are the long-term repercussions? 


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