President Trump moves to fire Federal Reserve Governor Lisa Cook, setting off a historic legal and financial battle. California faces rising COVID-19 cases tied to a new variant, while vaccine approvals remain stalled. Trump extends TikTok’s shutdown deadline once again, leaving its future uncertain despite a congressional ban. In Gaza, an Israeli airstrike on a hospital kills 20, fueling protests and renewed ceasefire demands. Beverly Hills schools weigh displaying the Israeli flag on campuses during Jewish Heritage Month. And in fashion, models confront AI-generated rivals as debates over consent and pay intensify.
Curious City - What happened to Chicago’s presidential pig?
During the demonstrations at the Democratic National Convention in 1968, activists trotted out a pig named Pigasus for president. Her campaign was cut short after she and protesters were arrested by the Chicago Police. Rumors swirled that Pigasus was barbecued, but what really happened to her?
Headlines From The Times - Trump’s Fed Fight, COVID Surge, TikTok Deadline, Gaza Strikes, Flag Debate, and AI Models
President Trump moves to fire Federal Reserve Governor Lisa Cook, setting off a historic legal and financial battle. California faces rising COVID-19 cases tied to a new variant, while vaccine approvals remain stalled. Trump extends TikTok’s shutdown deadline once again, leaving its future uncertain despite a congressional ban. In Gaza, an Israeli airstrike on a hospital kills 20, fueling protests and renewed ceasefire demands. Beverly Hills schools weigh displaying the Israeli flag on campuses during Jewish Heritage Month. And in fashion, models confront AI-generated rivals as debates over consent and pay intensify.
Marketplace All-in-One - Automated application systems add insult to injury in a tough job market
Job growth in the economy has slowed, and the ranks of the long-term unemployed are growing. It makes the indignities of the modern hiring process even more frustrating for those in the market. Job-seekers are navigating a gauntlet of automated application systems set up to whittle down the hundreds — sometimes thousands — of applicants. Only for many to never hear from a human. Marketplace’s Meghan McCarty Carino has more from the front lines of algorithmic application hell.
WSJ Minute Briefing - Trump Mulls Replacements for Fed’s Lisa Cook
Plus: SpaceX completes a successful Starship test launch, after previous setbacks for Elon Musk’s rockets. And, Exxon Mobil held secret talks to resume working in Russia. Azhar Sukri hosts.
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WSJ What’s News - What Trump’s India Tariffs Mean for Global Trade
A.M. Edition for Aug 27. As steep duties on a range of Indian products come into effect, the WSJ’s Tripti Lahiri discusses which sectors will be hit hardest, and how the levies could have ripple effects for other economies. Plus, President Trump weighs quickly announcing a nominee to replace Federal Reserve governor Lisa Cook. And WSJ columnist Jinjoo Lee argues that the renewable energy industry can thrive despite the Trump administration’s subsidy rollbacks. Azhar Sukri hosts.
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The Intelligence from The Economist - Fed alert: can Trump fire a governor?
What does Donald Trump’s attempt to sack Lisa Cook, a Federal Reserve governor, mean for the institution’s independence? Uruguay may soon legalise assisted dying. And why shooting clubs – and other community associations – are thriving in Germany.
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The Daily - Trump’s Takeover of the Fed
President Trump’s decision to try to fire a member of the Federal Reserve’s governing board is his most audacious attack yet on the independence of the central bank.
Ben Casselman, chief economics correspondent for The New York Times, discusses why Mr. Trump’s route to controlling the Fed passes through the governor, an economics professor named Lisa Cook.
Guest: Ben Casselman, the chief economics correspondent for The New York Times.
Background reading:
- Mr. Trump’s move to fire Ms. Cook is a legally dubious maneuver that could undermine the independence of the nation’s central bank.
- Seeking to retool the Fed, Mr. Trump risks upending a pillar of the global economy.
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Photo: Drew Angerer/Getty Images
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Start Here - Fed Up: Lisa Cook Refuses to Be Fired
In a dramatic confrontation, a member of the Federal Reserve Board of Governors disputes President Trump’s authority to fire her. Drugmaker Eli Lilly claims a GLP-1 is on track for FDA approval after a successful trial. And while Indiana Republicans consider a new congressional map, a judge tells Utah to examine their current one.
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CoinDesk Podcast Network - BITCOIN SEASON 2: Nobody Is Using Bitcoin Right Now
Bitcoin transaction fees have collapsed to near-zero levels despite BTC hitting new highs. Will Owens from Galaxy Digital breaks down the data showing "free blocks" and what this means for miners and the network's long-term sustainability.
Will Owens from Galaxy Digital joins us to talk about Bitcoin's shocking transaction fee collapse. Despite BTC ripping to new all-time highs, fees have fallen to historic lows with "free blocks" becoming common. We dive deep into the data showing how custodial adoption and speculative activity moving to other chains is creating a miner revenue crisis.
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**NOTES:**
• Bitcoin fees at all-time lows despite $120K price
• "Free blocks" with 1 sat/vB fees now common
• Miners losing 15-20% potential revenue from fees
• 1.5M Bitcoin vulnerable to quantum attacks
• Hash price hit $35/TH all-time low recently
• Coinbase custodies over 1 million Bitcoin
Timestamps:
00:00 Start
01:05 Are fees important?
09:09 Free Block
10:37 Do miners care?
13:24 OP_RETURN
18:38 OP_RETURN & Bitcoin Core
21:34 Wallet type
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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