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Plus: U.S. bid to compete in AI with China faces first trial. Tesla stock rises after CEO Elon Musk gets multibillion-dollar stock award. And Spotify to increase premium subscription prices in regions around the globe. Julie Chang hosts.
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President Trump’s firing of the Bureau of Labor Statistics commissioner is not without international precedent. Other countries have gone down the path of meddling with economic data for political gain. We’ll get into lessons we can take from the rest of the world. And, can the U.S. continue to be a bastion of scientific research in the wake of deep federal funding cuts? Plus, we’ll celebrate one listener’s feat of digitizing years of her great grandmother’s diaries.
Here’s everything we talked about today:
Thread on X from Lulu Garcia Navarro
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What use is the Fed's supposed devotion to being "data-driven" when the data itself is unreliable and the Fed is basing its policies on data that is thoroughly wrong?
Original article: https://mises.org/mises-wire/fed-says-it-data-driven-data-isnt-any-good
By Li Jianjun
M.G. Siegler is the author of Spyglass. He joins Big Technology podcast for the latest of our first Monday of the month discussion about Big Tech strategy and AI. Today we cover Mark Zuckerberg's vision for personal superintelligence and whether it's more of a recruiting play or a real difference in the way the company builds AI. We also cover the massive bets on AI and whether they'll ever pay off, how interlinked big tech is with AI, and whether you should outsource your writing to AI.
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Hundreds of ex-Israeli security officials write to President Trump, urging him to pressurize the government into ending the war in Gaza, amid reports that Prime Minister Netanyahu is seeking to expand the military offensive to free the remaining hostages. Also: A BBC investigation into child abuse in Kenya, South Korea dismantles loudspeakers on its border with North Korea to ease tensions, plus how David Attenborough's new wildlife documentary on parenthood might teach humans how to parent.
The Global News Podcast brings you the breaking news you need to hear, as it happens. Listen for the latest headlines and current affairs from around the world. Politics, economics, climate, business, technology, health – we cover it all with expert analysis and insight. Get the news that matters, delivered twice a day on weekdays and daily at weekends, plus special bonus episodes reacting to urgent breaking stories. Follow or subscribe now and never miss a moment.
Plus: Eric Trump and Donald Trump Jr. are backing a SPAC that aims to merge with companies ”revitalizing domestic manufacturing.” And Spotify says it will be raising its premium subscription prices. Pierre Bienaimé hosts.
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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.
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President Trump fired the top Bureau of Labor Statistics official on Friday, after the agency issued a weak jobs report. The report also revised earlier estimates of job creation in May and June down by 258,000. The president claimed the numbers were being manipulated. Julia Coronado, founder and president of Macropolicy Perspectives and a professor at UT Austin, joins us to discuss. Also on the show: how Trump's tariffs could sink Lesotho's textile industry.
Host Jennifer Sanasie breaks down the latest news in the crypto industry as Base has surpassed Solana in daily token introductions.
Base has surpassed Solana in daily token introductions, launching 54,341 on July 27, more than double Solana’s 25,460, according to Dune Analytics. Plus, French lawmakers look into bitcoin mining with surplus nuclear energy and the disappearing Satoshi statue in Lugano. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
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Midnight is introducing a novel approach to token distribution. The Midnight Glacier Drop is a multi-phase distribution of the NIGHT token, aimed at empowering a broad, diverse community to build the future of the Midnight network. Holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX and BAT are eligible to participate in the first phase.
Help usher in the next generation of blockchain with rational privacy and cooperative tokenomics on the Midnight network. To learn more, visit midnight.gd and prepare for the Midnight Glacier Drop.
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
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The Israeli prime minister is reportedly planning to expand military operations in Gaza. It comes as hundreds of retired Israeli security officials have written to President Trump, urging him to pressurise their government to end the war. They say Hamas is no longer a threat and the war is no longer just. We speak to one of signatories of the letter Ami Ayalon, a former director of Shin Bet, Israel's domestic secret service agency.
Also in the programme: More than 70 migrants have died in a shipwreck in the Red Sea off the coast of Yemen; why Texan Democrats are running away from a vote; and Sir David Attenborough's latest BBC One series documents how parents from across the animal kingdom sacrifice everything in order to raise their young.
(Photo: Protest outside Israeli PM Netanyahu's office in Jerusalem. Credit: Reuters)