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Tech CEOs have promised artificial intelligence will do many things for us. They’ve used these promises to justify billions of dollars of investment in building the language models and data centers needed to power AI.
That spending has led to huge rallies in these companies’ stock prices. There are now hundreds of private AI companies with values – on paper – of over a billion dollars. And in October, the AI boom created the world’s first company worth $5 trillion – Nvidia.
Fresh off the New Luddism conference and Luddite Tribunal in New York City, we talk shit about gamerism and the tough solutions required, then get into the deeply sinophobic China envy that motivates the liberal wonks and prevents them from embracing the light of Luddism.
Standing Plugs:
••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite
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Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
Join Washington Examiner Senior Writer David Harsanyi and Federalist Editor-In-Chief Mollie Hemingway as they discuss consequential implications of releasing the Epstein files, consider the slipping enthusiasm toward marriage in today's youth, and rehash the conservative civil war in response to a listener email. Mollie and David also review Death by Lightning, The Big Short,Michael Clayton, and A Civil Action.
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Ravi sits down with Lawrence McDonald to reveal why the classic “just buy the index” advice may now be one of the biggest risks in the market. They break down how passive investing, AI-driven mega-caps, and relentless stock buybacks have concentrated everyone’s savings into a fragile handful of stocks. McDonald explains how de-dollarization, shrinking demand for U.S. treasuries, and nonstop bailouts are rewriting the safety playbook. He lays out where the real opportunities may be now—in hard assets, select energy and commodity names, and short-term cash positions ready to strike when the bubble finally pops.
The chip maker’s report after the market close beat analyst expectations. Plus: Constellation Energy announces it will restart operations at Three Mile Island nuclear plant. Katherine Sullivan 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.
When people lose their homes to wildfire, hurricanes or flooding, they're eager to rebuild. But scammers are also ready to take advantage. On today’s show, the lucrative business of contractor fraud and advice on how to avoid them.
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 Corey Bridges. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
P.M. Edition for Nov. 19. Traders have used debt to maximize their gains as they bought and sold crypto this year—now, with prices dropping, they’re turbocharging losses too. WSJ crypto reporter Vicky Ge Huang tells us what makes those bets so risky. Plus, Target says it will invest billions in its stores as it seeks to turn around slumping sales. And minutes from October’s Federal Reserve meeting show deepening divisions, putting a rate cut at the next meeting in question. Alex Ossola hosts.
Decades of consensus around so-called climate catastrophe are now running into new economic, technological, and geopolitical realities.
Mix in AI and its unprecedented demand for large-scale electricity generation, and we have a global climate conversation that demands to be reckoned with. Victor Davis Hanson breaks down how the foundations of decades of “green orthodoxy” are shifting on today’s episode of “Victor Davis Hanson: In a Few Words.”
“The people who have been the avatars of climate change, never suffer the consequences of their own ideology. Barack Obama said the planet would be inundated pretty soon, if we didn't address global climate change. Why would he buy a seaside estate at Martha's Vineyard or one on the beach of Hawaii if he really did believe that the oceans would rise and flood his multimillion-dollar investment?
“The inconsistency of the global warming narrative, the self-interest in the people who promote it, and the logic that they have not presented, empirically, the evidence that would convince us that we have to radically transform our economies on the wishes of a few elites that do not have the evidence, but do have a lot of hypocrisy in the process.”
(0:00) Introduction
(0:58) Shifting Perspectives on Climate Change
(2:28) Global Skepticism
(5:12) Geopolitical Factors
(6:16) Third World Demands
(8:30) Hypocrisy Among Climate Change Advocates
(9:49) Conclusion
The U.N. climate conference is being held this month in Brazil. The U.S. is conspicuously absent, but China is there. We look at how these two countries are taking opposite paths on renewable energy— China is expanding it exponentially while the U.S. is investing in fossil fuels. We look at what these decisions mean for the climate and for these countries’ economies.