After the financial crisis of 2008, regulators around the world agreed banks should have more of a cushion to weather hard times. Now, U.S. regulators are once again looking to update minimum capital requirements through a set of proposals called Basel III Endgame. Today, on the show, a blow-by-blow account of this battle between bankers and regulators.
That's the advice of podcast guest Liel Leibovitz, zooming in from Tel Aviv to discuss the Columbia hearings before the House yesterday and how the anti-Semitism revealed there has unmistakable echoes of past horrors—and threatens future horrors. Give a listen.
While screens have become a totally normalized part of kids' development today, social psychologist Jonathan Haidt argues that the negative effects might outweigh the benefits. His new book, The Anxious Generation, details the correlation between an increasingly online social life and rising mental health concerns amongst young people. In today's episode, NPR's Steve Inskeep asks Haidt about how boys and girls experience socialization on the Internet, and how some of these behaviors might be curbed to get kids playing offline.
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When an insurance company can't cover all of its claims, it actually has its own insurance. This is called "reinsurance." How does that work and why do reinsurers look at their risk pool differently than say home or auto insurers?
Related episodes: Why is insurance so expensive right now? And more listener questions (Apple / Spotify) When insurers can't get insurance (Apple / Spotify)
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Tommy is joined by Terrance Woodbury, Democratic strategist and pollster, to talk about President Biden's standing with young Black men and other groups he'll need to win the White House a second time. Plus, highlights from the opening days of Trump's criminal trial in New York, Biden's promise to tax the rich, and what new data says about the influence of third-party candidates like Robert F. Kennedy Jr. and Cornel West.
For a closed-captioned version of this episode, click here. For a transcript of this episode, please email transcripts@crooked.com and include the name of the podcast.