The Indicator from Planet Money - How to make $35 trillion … disappear

You may be familiar with the AI-fueled stock market boom. Well, former International Monetary Fund Chief Economist Gita Gopinath warns it could mirror the dot-com boom of the late 1990s. But worse. She calculates a similar crash could erase $35 trillion in global wealth. Today on the show, what would that mean for the US and global economies? 

Related episodes: 
This indicator hasn’t flashed this red since the dot-com bubble 
Open AI’s deals are looking a little frothyFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Consider This from NPR - Chicago’s Archbishop weighs in on immigration enforcement

The Catholic Church is wading into a deeply partisan issue. The Archbishop of Chicago weighs in.

This fall, the Trump administration launched Operation Midway Blitz – an aggressive immigration crackdown campaign in Chicago.

It was met with outcry from many communities around the city including the Catholic Church, and that sentiment goes all the way to the very top of the Church with Pope Leo calling on the government to treat undocumented people humanely. 

For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org. Email us at considerthis@npr.org.This episode was produced by Kathryn Fink, featuring reporting from NPR domestic extremism correspondent Odette Yousef.

It was edited by Courtney Dorning and Patrick Jarenwattananon.

Our executive producer is Sami Yenigun.

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The Ezra Klein Show - The Contradictions of Gavin Newsom

Gavin Newsom is the 2028 Democratic front-runner. That’s what many of the polls and the Polymarket betting odds say.

It’s been widely believed that Newsom wants to run for president someday. But belief that he could be a front-runner was less common. A liberal white guy from a state that much of the country considers badly governed just didn’t seem like the profile the Democratic Party was looking for.

But as a Californian who has watched Newsom for a long time, I was surprised by him this year. After President Trump returned to the White House, Newsom started a podcast, interviewing people like Charlie Kirk, Steve Bannon and Michael Savage, which made a lot of Democrats mad. At the same time, Newsom turned himself into the leader of the resistance — trolling Trump on social media and pushing a ballot initiative to end California’s independent redistricting to counter the partisan redistricting effort in Texas.

Newsom has been willing to try things and take risks. He has shown a feel for this moment — in politics and in the way attention works now.

But it’s still true that he runs a state that the country considers badly governed. California tops the rankings of unaffordable states, at a time when affordability has become a central electoral issue.

In this conversation, I ask Newsom about all of this — what he learned this year from talking to figures on the right, how he thinks the Democratic Party can win back voters it lost, why California is so unaffordable and what he’s doing about it.

Mentioned:

Applebee’s America by Ron Fournier, Douglas B. Sosnik and Matthew J. Dowd

And, This Is Charlie Kirk

And, This Is Gaming Culture & Gen-Z Nihilism With Content Creator Brandon “Atrioc” Ewing

And, This Is Michael Savage

And, This Is Steve Bannon

Newsom Says Trump’s Attacks Are ‘Not Normal’

Barack Obama 2004 Democratic National Convention Keynote Speech

Book Recommendations:

Built to Last by Jim Collins, Jerry I. Porras

Meditations by Marcus Aurelius

1929 by Andrew Ross Sorkin

Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.

You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.

This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris. Our senior engineer is Jeff Geld, with additional mixing by Isaac Jones. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Emma Kehlbeck, Jack McCordick, Marina King and Jan Kobal. Original music by Pat McCusker and Aman Sahota. Audience strategy by Kristina Samulewski and Shannon Busta. The director of New York Times Opinion Audio is Annie-Rose Strasser.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

The Indicator from Planet Money - Bitcoin miners are betting on AI over crypto

If you want to make Bitcoin, you need powerful computers and a lot of energy. Well, it turns out the same infrastructure needed for Bitcoin mining is pretty valuable in the era of AI. Today on the show, why some miners are starting to throw in the towel on crypto in favor of supporting AI infrastructure. 

Related episodes: 
Whose financing Meta’s massive AI Data Center?
This indicator hasn’t flashed this red since the dot-com bubble
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Risky Business with Nate Silver and Maria Konnikova - What Movies Get Right and Wrong About Poker

Maria finally gets to reveal a project she’s been working on that’s been kept under wraps, and then it’s movie night on Risky Business! Nate and Maria talk about their favorite poker movies and explain why portrayals of poker for a movie audience often don’t get the game quite right. Plus, they share what poker movie they’d like to make and who’d play them in it.


For more from Nate and Maria, subscribe to their newsletters:

The Leap from Maria Konnikova

Silver Bulletin from Nate Silver 

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Consider This from NPR - View from Venezuela

Venezuela dominates the headlines, but very little attention is paid to what life is like inside the country.


In September, the Trump administration began a series of strikes targeting what U.S. officials call "narcoterrorists" in small vessels in the Caribbean Sea and Pacific Ocean. 

Those strikes are ongoing and have killed more than 80 people. Then, in October, Venezuelan opposition leader María Corina Machado was awarded the Nobel Peace Prize.

She's been in hiding since last year, when Venezuela President Nicolás Maduro claimed victory in an election widely seen as fraudulent.

Machado is expected to receive her award on Wednesday, in Oslo. And if she does, she might not be let back into her country. 

Machado, who supports the Trump administration’s campaign in the region, says the end of the Maduro regime is imminent.

While the world is focused on Oslo and María Corina Machado's Nobel Peace Prize. We wanted to get the view from inside her country. We speak with a journalist in Venezuela about what daily life is like. 


For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org. Email us at considerthis@npr.org.

This episode was produced by Karen Zamora & Matt Ozug with audio engineering by Ted Mebane. It was edited by Courtney Dorning. Our executive producer is Sami Yenigun.

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Cato Podcast - Strategy Without Strategy: Inside the New NSS

The Cato Institute's Katherine Thompson and Josh Shifrinson join Justin Logan to dissect the most contentious passages of the National Security Strategy, including its warnings about European “civilizational erasure,” its revived Monroe Doctrine instincts, and the absence of military escalation language on China. The discussion weighs whether this NSS truly reflects restraint and realism or simply refines old habits under a new rhetorical wrapping.

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