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Plus: Nvidia shares rise after announcing a deal with Meta. And Moderna stock jumps as FDA does a U-turn on its new flu vaccine. Katherine Sullivan hosts.
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The story of Anil Ambani destroys the belief that capitalism automatically favors the rich and excludes the poor. Once a billionaire, he made a series of bad business choices and the market punished those choices. Capitalism favors good choices.
Original article: https://mises.org/mises-wire/surviving-capitalism-scarcity-advantage
Plus: FCC overhauls $3 billion Lifeline phone and internet subsidy program to curb improper payments. And Moody's rebuts concerns about AI disruption. Julie Chang hosts.
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This week, we feature an episode of What’s News Sunday exploring the deepening contradictions in the U.S. labor market. While corporate downsizing and AI integration drove January layoffs to their highest levels since 2009, official reports still show job gains. Host Luke Vargas examines why recent data revisions are leading workers and employers alike to question the reliability of hiring figures. Plus, WSJ reporters Justin Lahart and Lindsay Ellis break down listener questions on the reality of the current hiring climate.
Further Reading
What Sweeping Revisions and a Blowout Month Tell Us About the U.S. Job Market
Job Growth Last Year Was Far Worse Than We Thought. Here’s Why.
This Is Why It’s So Hard to Find a Job Right Now
America’s Job Market Has Entered the Slow Lane
Job Hunters Are So Desperate That They’re Paying to Get Recruited
CEOs Say AI Is Making Work More Efficient. Employees Tell a Different Story.
Five Older Job Seekers Tell Us How They Broke Through a Bruising Job Market
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The Food and Drug Administration agreed to begin a review of biotech company Moderna’s application to make a new seasonal flu shot available. The decision comes after the FDA initially refused to review the company's application. It's a back and forth that reveals increased turmoil within the agency. WSJ’s Liz Essley Whyte takes us inside the FDA’s unexpected reversals and explores what’s next for the mRNA flu vaccine. Jessica Mendoza hosts.
Further Listening:
- The FDA Commissioner on Vaccines and Public Trust
- Breakfast Battle: The Cereal Industry vs MAHA
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Most Democratic politicians are scared to criticize each other. They also fear dinging former presidents, or the various groups that make up the party’s broad coalition. And too many Dem candidates are afraid to color outside the lines, even if voters want them to be less establishment and more like regular people. Can the party get it together before the midterms? Plus, Trump’s threat of war against Iran, and his reported intent to kill Netflix’s bid to takeover Warner Discovery—potentially giving him power over CBS, CNN, Fox, and TikTok.
The Atlantic’s Mark Leibovich joins Tim Miller.
show notes
Tickets are now on sale for our LIVE shows in Dallas on March 18 and in Austin on March 19. Plus, we have a handful of seats still available for tonight's show in Minneapolis. TheBulwark.com/Events.
Hello! Today, we have a big episode with two parts. First is an interview about a new book by Emily Galvin Almanza, a former public defender in California who has worked with nonprofits the Stanford Three Strikes Project and the Bronx Defenders. More recently, she is the co-founder and executive director of Partners for Justice, a nonprofit creating a new collaborative model of public defense. Her new book The Price of Mercy is finally out and she stopped by to talk about the criminal justice system and a recent op-ed she wrote about free buses in New York City.
In the second half, we welcomes Bharat Ramamurti, the former deputy director of the National Economic Council of the United States under the Biden Administration and a recent college graduate and thinker named Anuraag Routray about a recent paper they wrote about how to fix the sports betting industry without going full narc on everyone. Enjoy!