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New revelations on possible pressure from the wife of a Supreme Court justice to overturn the 2020 election results. Two American vets go missing in Ukraine. A setback -- in efforts to address the baby formula shortage. Correspondent Peter King has the CBS World News Roundup for Thursday, June 16, 2022:
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The news to know for Thursday, June 16th, 2022!
What to know about the Fed’s aggressive strategy to get inflation under control. Also, what the White House said in its warning to big oil, and how the industry is pushing back.
Plus: millions of American cars have been recalled because of a safety issue, which American sports league will only show games on streaming, and Squid Game in real life! The reality show coming to Netflix…
Those stories and more in around 10 minutes!
Head to www.theNewsWorthy.com/shownotes for sources and to read more about any of the stories mentioned today.
This episode is brought to you by Zocdoc.com/newsworthy and Indeed.com/newsworthy
Thanks to The NewsWorthy INSIDERS for your support! Become one to get ad-free episodes here: www.theNewsWorthy.com/insider
America is a golden land of opportunity. Yet many of the country's young people don't see it that way. They believe the American dream is unattainable and that America is a racist and bigoted place full of evil oppressors.
Ian Rowe, a senior fellow at the American Enterprise Institute and author of the new book "Agency," wants to change that narrative and prove to America's youth that there is something worth striving for.
"I want young people to know that they can do hard things," Rowe explains. "That they live in a good, if not great, country. That, with the right ingredients, they can lead a life of their own choosing."
Rowe thinks there's two factors responsible for American youth: a "blame the system" narrative and a "blame the victim" narrative.
"In the 'blame the system' narrative, if you are not achieving the American dream, the reason is America itself. That America itself is this oppressive nation. That based on superficial characteristics like gender or race, you're oppressed," says Rowe.
The other philosophy blames the individual themselves.
"It's your fault. It's some pathology that you have. You didn't pull yourself up by your own bootstraps," says Rowe. "But if a young person hasn't had the right kind of nurturing from a strong family, strong faith-based organization, strong educational opportunity, then it's very difficult for them independently to overcome these hurdles."
Rowe joins the show to discuss his new book and how we can inspire young people to succeed.
We also cover these stories:
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Reports of the non-fungible token market’s death have been greatly exaggerated, and that’s great.
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The Wall Street Journal declared that NFTs are dead… again! They’ve plummeted to nothing… again! But maybe this time it’ll stick, because dying might be just what it takes for the market to succeed.
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This episode featured George Frankly. It featured music by Jared Rubens and Gurty Beats, with editing by GF. Art for this episode was provided by Danlev/Wikimedia and was modified by Dare to Be Stupid.
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As the U.S. central bank takes increasingly dramatic steps to fight inflation, the housing market faces challenges.
This episode is sponsored by Nexo.io, NEAR and FTX US.
On this episode of “The Breakdown,” NLW looks at the Federal Reserve’s increasing hawkishness on inflation. He explains how market expectations around Fed interest rate raises have shifted, and also explains how the mortgage and housing markets are being impacted in ways that have potentially problematic long-term consequences.
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NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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The most valuable crypto stories for Wednesday, June 15, 2022.
"The Hash" team discusses today's top stories: Binance, Kraken and Nexo are among the crypto firms sticking to their hiring plans despite a market downturn, Bill Gates slams non-fungible tokens (NFT) while Kevin O'Leary says a “panic event” is needed before crypto bottoms.
This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach."
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