WeWork, DraftKings, Lucid Motors. These are a few companies that have taken an untraditional route to go public through something called SPACs or special purpose acquisition companies. The obscure investment vehicle took off during the pandemic, but has since fallen back to earth. Today, we consider the rise and fall of SPACs and how recent rule changes will affect these deals.
Related episodes:
The SPAC is back
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Pod Save America - Trump Loses Immunity, Johnson Loses Control
A vote to impeach Homeland Security Secretary Alejandro Mayorkas fails and Republicans turn on each other over the border fight. Nikki Haley loses Nevada to “none of the above.” And the DC circuit court rules against Trump’s pitch that he’s not beholden to federal laws. Politico congressional correspondent Daniella Diaz, Nevada political reporter Jon Ralston, and Strict Scrutiny co-host Kate Shaw join to walk through the latest.
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.
Cato Daily Podcast - Cato Institute Lands on FBI’s “Vexsome” List for FOIA Requests
Why did the Cato Institute land on the FBI's list of "vexsome" filers of FOIA requests? Patrick Eddington explains.
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The Commentary Magazine Podcast - Republican Chaos: Who Benefits
Well, that was quite a day for House Republicans, losing two votes in 15 minutes the chamber's leaders didn't seem to know they were going to lose. What does this portend? Will this help Biden—or will the image of a dysfunctional Washington help Trump? And how about that trip to the Middle East with Secretary of State Blinken getting his hat handed to him by Saudi Arabia? Give a listen.
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60 Songs That Explain the '90s - “Black or White”—Michael Jackson
Rob reminisces on his time witnessing Janelle Monae perform at South By Southwest in the year of Michael Jackson’s passing, before looking back at the King of Pop’s televised funeral. Along the way, Rob looks back at the height of Jackson’s powers in the '80s as well as a bit more tumultuous era in the '90s. Later, Wesley Morris joins the show to aid in deciphering how to process Michael Jackson’s career draped in success and controversy.
Host: Rob Harvilla
Guest: Wesley Morris
Producers: Jonathan Kermah and Justin Sayles
Additional Production Support: Chloe Clark
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More or Less: Behind the Stats - Council tax weirdness: Hartlepool vs Westminster
Do you really pay more in council tax on a semi in Hartlepool than a mansion in Westminster? How do the Office for National Statistics work out how much the UK population is going to grow by? How much do junior doctor strikes cost? Is home grown veg worse for climate change than veg grown on a farm?
Tim Harford investigates the numbers in the news.
Presenter: Tim Harford Producers: Nathan Gower, Debbie Richford and Perisha Kudhail Series producer: Tom Colls Production co-ordinator: Brenda Brown Sound Mix: James Beard Editor: Richard Vadon
Everything Everywhere Daily - The Desecration at St. Denis
The French Revolution was one of the most significant events in history.
It wasn’t just a political revolution where one government replaced another. It was also a social revolution where the revolutionaries attempted to upend the entire foundation of French society.
But it wasn’t just enough to change France. They also wanted to obliterate the past.
Learn more about the Desecration at St. Denis and the purposeful attempt to destroy French history on this episode of Everything Everywhere Daily.
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NPR's Book of the Day - ‘Not the End of the World’ takes a solutions-based approach to climate change
There are lots of reasons to worry about climate change: rising temperatures, rising sea levels, devastating natural disasters. But in her new book, Not the End of the World, data scientist Hannah Ritchie says there's actually a lot of factors trending in the right direction, like declines in poverty rates and carbon emissions per capita. In today's episode, Ritchie speaks with NPR's Andrew Limbong about why it's important to reframe our thinking on the future of the planet, and how our decisions can actually make a difference.
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The Indicator from Planet Money - Did pandemic business support work?
The U.S. launched the Paycheck Protection Program in April 2020 to save jobs and businesses from the worst effects of the pandemic. Today on the show, a post-mortem on the controversial program and whether it fulfilled its objective. Also, we hear from one company that voluntarily paid back its PPP loan — with interest — even though it could have qualified for forgiveness.
Related episodes:
Could cash payments ease recessions? (Apple / Spotify)
Small banks' corona crunch
The big small business rescue
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Related episodes:
Could cash payments ease recessions? (Apple / Spotify)
Small banks' corona crunch
The big small business rescue
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Learn more about sponsor message choices: podcastchoices.com/adchoices
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The Commentary Magazine Podcast - This Is Not a Cheerful Podcast Today
The collapse of the border deal that Republicans negotiated and then killed themselves; the trouble now with aid to Ukraine and Israel; and a general sense that things simply don't work in American politics any longer—these are what we discuss today. Give a listen.
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