The philosophy of Effective Altrusim took a hit due to its close association with Samuel Bankman-Fried. New Yorker staff writer Gideon Lewis-Kraus profiled one of the movement’s leaders, Will MacAskill, and followed up in a piece titled “Sam Bankman-Fried, Effective Altruism, and the Question of Complicity.” Plus, the East Palestine Crash is a headache, but maybe not much more. And … a new survey shows the U.S. is in last place in the Trust-The-Media rankings.
If you are a congressperson or a senator and you have an idea for a new piece of legislation, at some point someone will have to tell you how much it costs. But, how do you put a price on something that doesn't exist yet?
Since 1974, that has been the job of the Congressional Budget Office, or the CBO. The agency plays a critical role in the legislative process: bills can live and die by the cost estimates the CBO produces.
The economists and budget experts at the CBO, though, are far more than just a bunch of number crunchers. Sometimes, when the job is really at its most fun, they are basically tasked with predicting the future. The CBO has to estimate the cost of unreleased products and imagine markets that don't yet exist — and someone always hates the number they come up with.
On today's episode, we go inside the CBO to tell the twisting tale behind the pricing of a single piece of massive legislation — when the U.S. decided to finally cover prescription drug insurance for seniors. At the time, some of the drugs the CBO was trying to price didn't even exist yet. But the CBO still had to tell Congress how much the bill would cost — even though the agency knew better than anyone that its math would almost definitely be wrong.
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Reset analyzes the results of Chicago’s municipal election — from a historic mayor’s race to aldermanic races to police district councils. Panelists include WBEZ city politics reporter Mariah Woelfel, WBEZ data projects editor Alden Loury and Northwestern University political science professor Jaime Dominguez.
Singh has pleaded guilty to six counts and has agreed to cooperate with investigators.
The latest big news, in the wake of FTX's collapse: Nishad Singh, former head of engineering, has pleaded guilty to six charges as well as a “no contest” to civil charges from the Securities and Exchange Commission and Commodity Futures Trading Commission. In today’s episode, NLW explores what we've learned from the charges, including new revelations about FTX's 2021 revenue.
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“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: erhui1979/ Getty Images, modified by CoinDesk.
Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.
Lowe's continues a recent trend from major retailers.
(0:20) Bill Mann discusses: - Solid 4th-quarter results from Lowe's being overshadowed by their guidance for the new fiscal year - The fact that some people on Wall Street are still surprised by cautious guidance - The relative attractiveness of Lowe's stock
(10:00) Yasser El-Shimy and Ricky Mulvey share four stocks they bought recently.
Companies discussed: LOW, HD, WMT, TGT, ARHS, ENPH, BIG, MAA
Host: Chris Hill Guests: Bill Mann, Yasser El-Shimy Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks
Russia's war in Ukraine has had a profound and permanent shift in the world's oil markets, creating new geopolitical alliances. Analysts say it's comparable to the 1970s Arab oil embargo.
Follow up on the problem with buying TIPS (Treasury Inflation Protection Securities) in a Mutual Fund or ETF. Discussion of bond yields and yield inversion Discussion of another investing app How to buy and sell ETFs
The U.S. government finally admitted Covid-19 came from a lab in Wuhan, China. Join Federalist Editor-in-Chief Mollie Hemingway and Senior Editor David Harsanyi as they discuss three years of Big Tech censorship and corporate media lies about the origins of the virus, President Joe Biden's endorsement of gain-of-function research, the Orwellian editing of Roald Dahl's literary works, and an update on the Russia-Ukraine war. Mollie and David also share what they are watching this week, including "The Chosen."
