The Bank of England made huge news today when it intervened in the U.K. bond markets to prop up pension funds in the country that were in serious trouble due to recent volatility. On this episode, NLW explores how the markets reacted, and whether market breakages will force the U.S. Federal Reserve’s hand in a similar way. In comments, famed hedge funder Stanley Druckenmiller also explained why a crisis of faith in central banks could lead to a renaissance for cryptocurrencies.
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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Neilson Barnard/Getty Images for New York Times, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
The widespread protests in Iran were sparked by the death of 22-year-old Mahsa Amini. She died after being detained by Iran's morality police for allegedly violating the country's strict dress code.
The fuel that's keeping them going is a broader, deeper resentment at life under the regime.
Karim Sadjadpour, a senior fellow at the Carnegie Endowment for International Peace explains what risk the protests pose to the regime, and why he believes it is incapable of reform.
This episode also features excerpts from NPR's Steve Inskeep's interview with Iranian Foreign Minister Hossein Amirabdollahian and reporting from NPR's Peter Kenyon.
The most valuable crypto stories for Wednesday, Sept. 28, 2022.
Incoming Kraken CEO Dave Ripley joins "The Hash" panel to discuss the crypto platform’s leadership plan, as Ripley gears up to succeed co-founder Jesse Powell, who will become chairman of the board of directors.
This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas
Final results from so-called referendums in Russian-occupied areas of Ukraine indicate overwhelming support for joining the Russian Federation. The voting is widely condemned as a sham.
Hurricane Ian grows to a powerful category four storm as it heads toward Florida's gulf coast. CBS News Correspondents David Begnaud in Tampa and Steve Kathan in New York have today's World News Roundup.
Women are burning their hijabs on bonfires and hacking off their hair—but the unrest has come to be about far more than the heavy hands of the morality police. The murder of Abe Shinzo, a former Japanese prime minister, exposed troubling government links to a cult-like sect; the fallout could unseat his successor. And using flying robots as 3D printers. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer
