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California, Virginia, New Jersey, and New York City all have potentially game-changing elections today and we break them down rather than having a breakdown, which will probably come tomorrow, once the results are in. Give a listen.
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The former US Vice-President Dick Cheney has died. One of the most powerful men to hold that office, he was key to the allied invasion of Iraq, in 2003. We hear American and Iraqi views of his legacy.
Also in the programme: videos start to emerge from Tanzania of bodies in the street after disputed elections; and Salman Rushdie tells us about his latest collection of fiction. (File photo: US President George W. Bush (L) and Vice President Dick Cheney celebrate at the conclusion of the 2004 Republican National Convention at Madison Square Garden in New York, September 2, 2004. Credit: Reuters/Kevin Lamarque/File Photo)
Tanzania's President Samia Suluhu Hassan has been sworn in after the deadly protests that followed her election victory. Can she use her second term to unite the country? At least 40 people have died in multiple landslides that struck Kenya and Uganda's mountainous border region in the Great Rift Valley. What makes that belt susceptible to such calamitous events and are they happening more frequently? And after two decades and an estimated cost of nearly $1bn, Egypt’s Grand Museum has opened its doors. One of the most anticipated exhibits is the tomb of Tutankhamun which is displayed in full for first time. But who was the young pharaoh, often referred to as the ‘boy king’?
Presenter: Audrey Brown Producers: Sunita Nahar, Mark Wilberforce, and Stefania Okereke Technical Producer: Craig Kingham Senior Producer: Patricia Whitehorne Editors: Alice Muthengi and Andre Lombard
Plus: Spotify adds subscribers in the third quarter. And Uber logs higher quarterly profit and revenue. Zoe Kuhlkin hosts.
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As the federal government shutdown drags on, tribes are feeling the brunt more than the general population. That’s among the conclusions in a new report from the Brookings Institution that examines how the government distributes the funds it is obligated to. The report finds that a large portion of the money for tribal necessities like health care, education, and economic well-being required under the Trust and Treaty Responsibility is dependent on annual action by Congress rather than being baked into the automatic allocations that other federal funding recipients enjoy. The report calls on a more reliable funding system for tribes.
The shutdown has prompted several tribes, including the Spirit Lake Nation, Standing Rock Tribe, and Shawnee Tribe of Oklahoma, to declare states of emergency, mainly because of the lack of food and winter heating assistance. We’ll hear more about how the shutdown is grinding away at tribes’ ability to help their citizens.
GUESTS
Chairman Joseph James (Yurok Tribe)
Nikki Stoops (Native Village of Kotzebue), vice president of engagement for the Alaska Federation of Natives
Liz Malerba (Mohegan Tribe), director of policy and legislative affairs for the United South and Eastern Tribes Sovereignty Protection Fund
Robert Maxim (Mashpee Wampanoag), fellow at the Brookings Institution
Break 1 Music: Hard Paddle (song) Salish Spirit Canoe Family (artist) Keep Singing, Keep Dancing (album)
Break 2 Music: Traditional Side Step Song (song) Little Otter (artist) Side Step Songs (album)
For 60 years, the U.S. government has protected the steel industry through tariffs, quotas, and Buy American mandates. Yet steel costs remain among the highest globally, and protectionism has extracted a staggering price: $650,000 in economic damage for every steel job saved, and 75,000 manufacturing jobs lost in 2019 alone. Cato's Clark Packard and Alfredo Carrillo Obregon investigate why protectionism failed and what market-based solutions would actually work.
Show Notes:
https://www.cato.org/policy-analysis/steeled-protectionism
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Q2 and Q3 were explosive for bitcoin miners pivoting to AI. H.C. Wainwright’s Kevin Dede joins us to give his takes on the latest AI deals from IREN, CIFR, WULF, and more.
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Welcome back to The Mining Pod! Today, Kevin Dede, Managing Director at H.C. Wainwright, joins us to give a pulse check on the bitcoin miners pivoting to AI. We cover the latest deals from IREN, Cipher, Terawulf, and others, and pick apart whether the neocloud or powershell business model is the best fit for bitcoin miners. Plus, what the CoreWeave-Core Scientific deal’s failure means for the AI-miner market as a whole, why bitcoin mining won’t die easily in the U.S., and why Dede thinks the AI-miners are just getting geared up.
Notes:
• AI runway better than mining for miners
• IREN Microsoft deal is a win for powershell model thesis
• AI business lines give miners better access to capital
• Miners with exposure but no deals on the table could offer interesting opportunities
• Mining in the U.S. not done yet
Timestamps:
00:00 Start
02:34 Intro
03:33 Mining stock overview
04:13 AI
06:03 HPC
08:52 IREN
13:05 Infrastructure & Neo-Cloud
19:18 Miners w/ AI are ripping
20:16 Financing options
22:25 CORZ & Core Scientific
29:02 How many winners can there be?
31:18 JV deals
33:38 Bullish or bearish majors
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Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!
Oral arguments over the Trump administration's "reciprocal tariffs" are set for tomorrow, in a test over limits to a president's power to act without Congress. Whichever way the high court decides, however, the co-founder of True Places, a Pennsylvania-based folding camp chair company, thinks that likely won't be the end of the tariff rollercoaster. Plus, Norway's massive sovereign wealth fund has voted against Elon Musk’s pay package from Tesla. Why?
Former Vice President Dick Cheney has died at 84. Key mayoral and gubernatorial races on this Election Day. Government shutdown snarling air travel. CBS News Correspondent Steve Kathan has those stories and more on the World News Roundup.
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From the BBC World Service: Starbucks is selling the majority stake of its business in China to investment firm Boyu Capital as part of a $4 billion deal. The global coffee brand hopes the funds will help kick-start growth in the face of growing local competition. Then, it's a big week for Tesla, as vote results are expected on Elon Musk's proposed $1 trillion pay package. But Norway's sovereign public wealth fund, a major investor, stated it's opposing the deal.