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Audio Mises Wire - Can Econometric Models Fulfill the Role of an Economic Laboratory?

Mainstream economists claim that they can use econometric models to emulate human action and, thus, create an economic laboratory. These models, however, cannot tell us about cause-and-effect, which is vital to understanding praxeology and economic behavior.

Original article: https://mises.org/mises-wire/can-econometric-models-fulfill-role-economic-laboratory

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The Intelligence from The Economist - The summit of its parts: Ukraine, Trump and Putin

What is on the table for the meeting in Alaska? What are the red lines? What chance Ukraine would accept what is agreed, especially if its president is not even in the room? Many world cities would like to become the Detroit of electric vehicles; our correspondent visits China’s contenders. And treatments improve for even the worst cases of allergies. 


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WSJ What’s News - U.S. Government To Take Cut of Chip Sales to China

A.M. Edition for Aug 11. In a highly unusual deal, chip giants Nvidia and AMD will give the Trump administration 15% of their AI chip sales to China. Plus, Israel’s military kills five Al Jazeera journalists in Gaza, according to the network. This comes as Prime Minister Netanyahu revealed his new war plans include fighting in refugee camps. And, WSJ editor Aaron Zitner explains why the division between red and blue states is becoming deeper than ever. Azhar Sukri hosts.


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Stuff They Don't Want You To Know - Strange News: Mass Surveillance, Endangered Elections, the Annabelle Doll, Radioactive Animals, and More

New reports raise growing concerns that the next US elections may be endangered -- along with a ton of other rights. After 54 years of fire, Turkmenistan's "Door to Hell" may be closing. Radioactive rhinos and wasps. Sex toys thrown during WNBA games. Israel conducts expansive surveillance of Palestinians, prompting a larger conversation about Big Brother. All this and more in this week's strange news segment.

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Up First from NPR - Putin U.S. Meeting, Netanyahu’s Gaza Plan, Trump D.C. Action

President Trump and his Russian counterpart Vladimir Putin prepare talks to end the war in Ukraine. Israeli Prime Minister Benjamin Netanyahu plans to forcibly move Gaza's residents to take control of the entire Palestinian enclave. And Trump deploys federal agents as a show of force across Washington, D.C.


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Today's episode of Up First was edited by Rebecca Rossman, Hannah Bloch, Kevin Drew, Olivia Hampton and Adam Bearne. It was produced by Ziad Buchh, Nia Dumas, and Christopher Thomas. We get engineering support from Stacey Abbott. And our technical director is Carleigh Strange. 

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The Daily - What C.E.O.s Really Think About Trump’s Tariffs

Last week, President Trump hit many countries with yet another round of punishing tariffs. So far, the economy has been resilient in the face of his trade war, but it’s unclear how long that will last.

Andrew Ross Sorkin, editor-at-large of DealBook, discusses what C.E.O.s are telling him about the president’s tariffs, and where they think all of this is headed.

Guest: Andrew Ross Sorkin, a columnist and the founder and editor-at-large of DealBook for The New York Times.

Background reading: 

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

Photo: Jim Watson/Agence France-Presse — Getty Images

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Marketplace All-in-One - Data centers are causing problems for their neighbors

U.S.-based data centers are expanding at a fast pace, thanks largely to the boom in generative artificial intelligence software and cloud computing. But they’re also reportedly causing environmental issues and other problems for their neighbors. The BBC’s Michelle Fleury reports from Georgia on how the boom in data centers is raising environmental and sustainability concerns from the people who live near them.