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Plus: Rio Tinto and Glencore have abandoned merger talks. And the chair of the law firm Paul Weiss has stepped down after new revelations over his ties to Jeffrey Epstein. Alex Ossola hosts.
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Treasury Secretary Scott Bessent will be on Capitol Hill again today for another grilling. He’s scheduled to appear before the Senate Banking Committee. Yesterday, Bessent appeared before the House Financial Services Committee to talk about oversight of the U.S. financial system, where he sparred with Democrats. And later in the program, wages are making up a shrinking share of overall income. Also: discussions of Fed independence, inflation, and more.
The fact that the Republican and Democratic parties are allowed to circulate into key positions of government is proof enough that they are no threat to the true governing elites.
Original article: https://mises.org/mises-wire/why-americas-two-party-system-will-never-threaten-true-political-elites
Britain's Prime Minister Sir Keir Starmer has apologised to the victims of the sex offender Jeffrey Epstein, saying he is 'sorry for having believed' his former US ambassador Peter Mandelson. Emails released in the US suggest Mandelson forwarded market-sensitive information to Epstein. The prime minister accused Mandelson of lying during the vetting process, saying he gave the impression he 'barely knew' the disgraced financier.
Also in the programme: The second day of peace talks over the Russia-Ukraine war conclude with no sign of agreement; and a sketch of a lion by the Dutch grand master Rembrandt has sold at auction for $18 million.
(Picture: Prime Minister Sir Keir Starmer speaking during a visit to East Sussex. Credit: Peter Nicholls/PA Wire)
In Nigeria's commercial capital Lagos, authorities have demolished Makoko - the country's biggest informal waterfront settlement. The Lagos state government says some structures built beneath high-tension power lines pose a serious safety risk. But the scale of demolitions has left thousands of residents displaced and families say they were given little warning and no clear relocation plan. And in Sierra Leone, President Julius Maada Bio has announced January 18th as Remembrance Day for victims of the civil war. Between 1991 and 2002 the west African country's military alongside UN peacekeeping troops fought against rebel groups, resulting in the killing of thousands of people and displacement of more than half of Sierra Leone's population at the time.
Presenter: Nkechi Ogbonna Producers: Bella Twine, Keikantse Shumba, Chiamaka Dike and Ayuba Iliya Technical Producer: David Nzau Senior Producer: Charles Gitonga Editors: Samuel Murunga and Maryam Abdalla
Plus: Spotify will sell physical books in the U.S. and U.K. And Germany fines Amazon over price-filtering tools. Julie Chang hosts.
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If California voters and politicians do not understand the current crisis, we will see the continuous march to perdition as California politicians refuse to acknowledge that they are killing the geese laying the golden eggs.
Original article: https://mises.org/mises-wire/idiocracy-california-politics
An Iñupiaq village on Alaska’s North Slope is suing after the Trump administration removed protections for an area important to subsistence hunting. The suit by Nuiqsut Trilateral Inc. says the action is in response to a move to expand oil drilling beyond what is in a Biden-era agreement for the Willow project. Another fight pitting caribou and oil drilling is resurfacing over increased momentum to drill in the Arctic National Wildlife Refuge, where Gwich’in people express concern over the declines of the Porcupine caribou herd — the state’s largest — which is down to a quarter of what it was two decades ago. We’ll look at the factors that affect Alaska’s caribou and what Alaska Native people who depend on them are doing about them.
We’ll also hear about Indigenous climate activist Daria Egereva (Selkup) who is facing terrorism charges in Russia after testifying at the United Nation’s COP30 summit in favor of including Indigenous women in climate negotiations.
GUESTS
Rosemary Ahtuangaruak (Iñupiaq), former Mayor of Nuiqsut
Aivana Enmynkau (Chukchi), climate activist
Luda Kinok (Yupik), Indigenous rights activist
Break 1 Music: Reindeer (song) Pamyua (artist) Caught in The Act (album)
Break 2 Music: Wahzhazhe (song) Scott George (artist) Killers of the Flower Moon Soundtrack (album)
News Corp — the parent company of The Wall Street Journal, Barron's, MarketWatch, and Fox News — announces quarterly profits today. Meanwhile, The Washington Post laid off a third of its staff yesterday. Today, we'll delve into the state of the media industry and why it's such a struggle to find a business model that works. Then, Amazon Fresh and Amazon Go is closing up shop. What went wrong with Amazon’s foray into physical stores?
Search continues for Savannah Guthrie's mother. President Trump addresses immigration crackdown. U.S.-Russia nuclear treaty expires. CBS News Correspondent Steve Kathan has these stories and more on the World News Roundup.
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