While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with risk management.
Today, Chicago Mayor Brandon Johnson and the City Council kicked off a series of high-profile budget meetings, and the clock is ticking for them to pass the 2026 budget. The major sticking point continues to be whether the corporate head tax as a revenue stream should be included in the proposal.
A new WBEZ data analysis digs into the claim that it’s a job killer, showing little connection between job trends in the city and an earlier version of the tax, which was repealed in 2014. We get more info from Mariah Woelfel, WBEZ city politics reporter; Amy Qin, WBEZ data reporter; and Bob Bruno, director of the labor education program at the School for Labor and Employment Relations at the University of Illinois at Urbana-Champaign.
For a full archive of In the Loop interviews, head over to wbez.org/intheloop.
Two weeks ago, the Pentagon held its first press conference with a new hand-picked press corps, now mostly made up of right-wing outlets and Trump allies including former Rep. Matt Gaetz and right-wing media influencer Laura Loomer.
As more questions arise over the Venezuela boat strikes and the contentious relationship between the Trump administration and the press heats up, what does the absence of traditional press at the Pentagon mean for accountability for the U.S. military, press freedom, and our democracy?
Find more of our programs online. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.
Plus: JPMorgan Chase is launching a tokenized money-market fund. And the EU sanctioned oil traders for facilitating Russian energy exports. Anthony Bansie hosts.
An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
Former FTC commissioner returns to Bad Faith to explain the Netflix/Paramount battle over Warner Brothers, and what media consolidation means for the price of streaming services, censorship, the quality of media content and the future of movie theaters.
Thousands of people have attended a special vigil on Bondi Beach in Sydney for victims of Sunday's shooting at a Jewish celebration. Australia's Prime Minister has said the two gunmen, who killed fifteen people, were not part of a wider extremist cell. Also: intensive negotations are being held in Berlin on how to end the Russia-Ukraine war; Jubilation for supporters of the far right candidate, Jose Antonio Kast, after his decisive victory in Chile's presidential election; the acclaimed Hollywood director, Rob Reiner and his wife Michelle have been found dead at their home in Los Angeles, and advice from the Royal Horticultual Society on how best to grow tabletop vegetables - a kind of bonsai sized greens.
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There’s more evidence that China’s economy is stalling. Beijing released a batch of government data today that was not encouraging. Chinese consumers have slammed their wallets shut, and data from the National Bureau of Statistics of China paints a picture of stagnating investment, output, and consumption. And later, we'll preview long-delayed economic data slated to come out this week and learn why retailers are hiring fewer workers for the holiday shopping season.
