Up First from NPR - Economic Worries, Redistricting Battles, Reconsidering BMI
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Russian media have dismissed Donald Trump's announcement that he will deploy nuclear submarines closer to Russia. Mr Trump said his decision was prompted by “provocative comments” on social media by the former Russian president, Dmitry Medvedev. Mr Medvedev said in a post on X on Monday that President Trump was playing "the ultimatum game" with Russia, and that such an approach could lead to a war involving the United States.
Also in the programme: The world's first legislation to control artificial intelligence starts coming into force in the EU today; and from Gaza, the sixteen-year-old with a dream to become a great violinist.
(Photo: Dmitry Medvedev was Russia's president in 2008-12. Credit: Reuters)
Charlie & Colin expose how Bitcoin treasury companies mirror 1929 investment trusts, creating overleveraged positions that could trigger the next bear market through forced selling and debt spirals.
Charlie and Colin dive deep into the dangerous parallels between today's Bitcoin treasury companies and the 1929 investment trust bubble. They analyze how companies like MicroStrategy use convertible debt to accumulate Bitcoin, why this creates systemic risk, and how forced selling could trigger a catastrophic unwind. From Ponzi-like dividend structures to the speculative attack strategy, they break down why this leverage-fueled boom might end badly.
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**NOTES:**
• 98 companies raised $86B in 8 weeks for crypto
• MicroStrategy needs $300-400M annually for dividends
• Q1 revenue only $111M vs dividend obligations
• Public entities hold ~900K Bitcoin total
• Investment trusts grew 11x from 1927-1929
• 1929 trusts were 1/3 of all capital issuance
Timestamps:
00:00 Start
02:30 Lessons from 1929
07:22 Trusts vs BTC treasury companies
12:50 Shorting MSTR
20:51 Hear me out.. companies that make profits
24:34 Don't say the P word!
-
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Meet the charity which is providing free breakfasts for three million children across sixteen countries. We visit a school to see how Mary's Meals is helping children to focus on learning. Their biggest programme is in Malawi in south-east Africa, and for many students there, it's a reason to stay in school.
Also on the podcast, we hear from the micro-farm in Montreal growing fruit and veg for local people on low incomes. Plus a social club trying to combat loneliness in Venezuela by bringing elderly people together for a dance, and the Italians coming together to save a tiny island from developers.
The Happy Pod, our weekly collection of uplifting and inspiring stories from around the world. Part of the Global News Podcast from the BBC World Service.
Presenter: Ankur Desai. Music composed by Iona Hampson.
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It’s Andrew Breitbart’s world, we’re all just living in it.
Tragically, Breitbart himself is not. He died suddenly on March 1, 2012 at just 43 years of age.
In his life, Breitbart was always a pioneer, pushing media and politics to the edges of the map only to open a completely new frontier. There’s something fitting to him exploring the frontier of eternity just a little before the rest of us in his earthly death. Breitbart spent most of his career at the confluence of Hollywood, media, and politics. He was one of the first men on the right to clearly see the complete picture. “Celebrity is everything in this country,” Breitbart once said. “Media is everything. It's everything.”
After listening to a radio interview with Breitbart, Larry O’Connor, then a show manager for Broadway productions, contacted Breitbart and wanted to write for his blog Big Hollywood. O’Connor found Breitbart, but Breitbart also found O’Connor. Now a radio host with Washington, D.C.’s WMAL, probably the most influential political radio station in the country, and author of a new book titled “Shameless Liars,” O’Connor joined "The Signal Sitdown" to discuss how Andrew Breitbart saw the rise of Trump, and the efforts to take him down like the Russiagate hoax, coming.
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Is Novo Nordisk losing its lead in the weight-loss market? And what caused Meta’s shares to jump? Plus, why did shoppers rush to buy Apple’s iPhones? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them.
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Is Novo Nordisk losing its lead in the weight-loss market? And what caused Meta’s shares to jump? Plus, why did shoppers rush to buy Apple’s iPhones? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them.
Sign up for the WSJ's free Markets A.M. newsletter.
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The month of August was named in honor of the emperor Augustus Caesar by the Roman Senate.
Originally called Sextilis, the sixth month in the early Roman calendar, it was renamed in 8 BC to recognize Augustus’s achievements, particularly his victories and consolidation of power.
According to Roman tradition, the month was chosen because several of his significant accomplishments occurred during Sextilis.
In reality, the Senate was really just trying to suck up to Augustus. Instead, they should have asked him some questions
Stay tuned for the 33rd installment of questions and answers on this episode of Everything Everywhere Daily.
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From his early albums with the Mothers of Invention, Frank Zappa established a reputation as a musical genius who pushed the limits of culture throughout the 1960s and 1970s, experimenting with a blend of genres in innovative and unheard-of ways. Not only did his exploratory styles challenge the expectations of what popular music could sound like, but his prolific creative endeavors also shaped how audiences thought about the freedom of artistic expression.
In Frank Zappa's America (LSU Press, 2025), Bradley Morgan casts the artist as an often-misunderstood figure who critiqued the actions of religious and political groups promoting a predominantly white, Christian vision of the United States. A controversial and provocative satirist, often criticized for the shocking subject matter of his songs, Zappa provided social commentary throughout his career that spoke truth to power about the nefarious institutions operating in the lives of everyday Americans. Beginning in the late 1970s, his music frequently addressed the rise of extremist religious influence in American politics, specifically white Christian nationalism.
Despite commercial and critical pressure, Zappa refused to waver in his support for free speech during the era of Reagan and MTV, including his pointed testimony before the U.S. Senate at the Parents Music Resource Center (PMRC) hearings. Throughout the 1980s, and until his death in 1993, Zappa crafted his art form to advocate for political engagement, the security of individual liberties, and the advancement of education. Music became his platform to convey progressive views promoting the rights of marginalized communities most at risk in a society governed by the principles of what he perceived as Christian radicalism.
Frank Zappa's Americexamines the musician's messaging through song, tracing the means by which Zappa created passionate, at times troubling, art that combats conservativism in its many manifestations. For readers in the twenty-first century, his music and public advocacy demonstrate the need to preserve democracy and the voices that uphold it.
Bradley Morgan, a media arts professional based in Chicago, is the author of U2's The Joshua Tree: Planting Roots in Mythic America. He manages partnerships for CHIRP Radio 107.1 FM and directs the station's music film festival. Morgan also interviews authors of music and pop culture books for the New Books Network podcast.
Caleb Zakarin is editor of the New Books Network.
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