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Following World War II, President Truman helped produce the modern national security state by creating the Central Intelligence Agency. Only later did Truman regret what he did, as the CIA turned into a monster that could never be tamed.
Original article: https://mises.org/mises-wire/harry-truman-founding-father-national-security-state
Plus: A Ukraine peace deal is not a priority for Moscow, just days away from a key summit. And, shares in Kodak slump after the photography company warned it may not be able to pay its debts. Azhar Sukri hosts.
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A.M. Edition for Aug 12. After firing its former head, Trump says the Heritage Foundation’s current chief economist, E.J. Antoni, will ensure accuracy in the Bureau of Labor Statistics’ data. Plus, ahead of Friday’s summit between Trump and Russian President Vladimir Putin, WSJ correspondent Yaroslav Trofimov explains why peace in Ukraine doesn’t seem to be a priority for Moscow. And WSJ reporter Clarence Leong details China’s massive new shipbuilding plans. Azhar Sukri hosts.
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In recent years, the Transportation Security Administration has been piloting facial recognition at security checkpoints. But opting out of getting scanned can be complicated, according to a recent report from the non-profit Algorithmic Justice League. Joy Buolamwini is president of the organization and co-authored that report.
A look at progress in generative AI shows that OpenAI’s latest, greatest model sits on a neat curve of growing utility over time. But what other firms are on that curve, and where is it taking humanity? After a long, wary time, Japanese savers are getting into investing—with gusto. And what goofy, small-time wrestling leagues reveal about today’s America.
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Ravi Madabhushi finds that all of the stops along his professional journey were accidental. He grew up in a tiny village in the south of India - so small, it would take you 10 minutes to sprint across it, end to end. His goals back then were common - get a job, get married, etc. - but after he moved to Bangalore post school, he got acquainted with startups... and was hooked. Outside of tech, he is married with 2 kids. He enjoys playing tennis, badminton, and squash. He got introduced to squash when he was playing tennis, it started raining, and they were forced inside to play "inside tennis"... IE squash.
Ravi and his team had a successful exit from their prior company, and decided to give startups another go. They wanted to solve the authentication problem for builders wanting to focus on their product - not building auth. What they found was a new arena in the world of AI, agents, and authentication of everything in between.
This is the creation story of ScaleKit.
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One person is dead and another missing after a massive explosion at a U.S. Steel plant near Pittsburgh, prompting urgent rescue efforts and a shelter-in-place order. In Gaza, a strike on a journalists’ tent killed seven, including prominent Al Jazeera reporter Anas Al-Sharif, drawing international condemnation. Disney reports strong streaming growth despite theatrical losses, with plans to merge Disney+ and Hulu next year. And in California, wildfire survivors accuse the state’s last-resort insurer of illegally denying smoke damage claims, prompting state intervention.
Hey, Million Bazillionaires! We just wrapped up the latest season of the show and are already working on the next one. In the meantime, we’re bringing you a special feature from our friends at Story Pirates. In this episode, you’ll hear two fun stories: “The Ghost That Launched a Business,” a terrifying tale about entrepreneurship, written by Jesse, a 9-year-old from the UK, and “Julius Caesar: The Guinea Pig, Not the Famous Ancient Roman Dude, But This Rodent Thinks Otherwise,” a story about how our names sometimes shape who we are inside, written by a 9-year-old from Illinois named Scottie.
President Trump said on Monday that he would take control of the Washington, D.C., police department and send hundreds of National Guard troops to the city.
Devlin Barrett, who covers the F.B.I. for The New York Times, explains why the president says this is necessary and how it fits into his broader strategy for dealing with cities run by Democrats.
Guest: Devlin Barrett, a New York Times reporter covering the Justice Department and the F.B.I.
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: Kent Nishimura for The New York Times
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