Honestly with Bari Weiss6 Elo 2024

What to Do When the Market Drops? Call Larry Summers.

On Monday, the markets had one of its worst trading days since the 2008 financial crisis. Stocks tumbled around the world, with a global sell-off, amid fears of a recession. The VIX (an index often called “Wall Street’s Fear Gauge”) was at times today as high as we saw it when the economy was shutting down for Covid. This comes on the tail of a pretty insane news cycle: a presidential assassination attempt, Joe Biden dropping out of the race, the coronation of a new Democratic nominee, a stolen election (actually) in Venezuela, a Middle East on the brink of war. . . should I go on? But the most pressing issue to most Americans is and always has been the economy. And with everything else going on, many of us have been paying far too little attention to the economic story here at home, and the policies that may have brought us to this moment we find ourselves in today. To explain how we got here is Larry Summers. Summers was Secretary of the Treasury under President Clinton, and he was the director of the National Economic Council under President Obama. He was president of Harvard for five years. And he is one of the world’s most prominent economists. Today: What is going on in the market? What caused it? Was it avoidable? What happens next? And what are the long-term repercussions? If you liked what you heard from Honestly, the best way to support us is to go to thefp.com and become a Free Press subscriber today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(360)

The Story That Made—and Saved—America

The Exodus—the story of the Israelites’ freedom from Egyptian slavery 3,000 years ago—is the ultimate story of freedom. And not just for Jews. But for people seeking liberation from subjugation in so ...

14 Huhti 202259min

Why the Past 10 Years of American Life Have Been Uniquely Stupid

Perhaps you’ve noticed that the thing we call “social media'' is deeply antisocial—the thing that promised to unite us has done precisely the opposite. A lot of people have tried to explain why. The...

12 Huhti 20221h 38min

TGIF! The Week That Was With Nellie Bowles and Katie Herzog

If you read Common Sense, you know that the best day of the week is Friday, when Nellie Bowles delivers us all the news from the week that was. This Friday, we bring you an Honestly special: TGIF! T...

8 Huhti 202244min

Who By Fire: Why Leonard Cohen Ran Toward War

In 1973, Leonard Cohen announced he was done with music for good. The same year, in October, war broke out in Israel. The Yom Kippur War would become the bloodiest in Israel’s young history—and Cohen...

6 Huhti 20221h 22min

How Big Tech Is Strangling Your Freedom

David Sacks is a paradox. The entrepreneur and venture capitalist helped lay the foundations of the digital world we now live in: He was one of the members of what's known as the PayPal Mafia, alongsi...

29 Maalis 20221h 12min

Leaving the Mainstream to Build Media Without Fear

Today we are republishing Bari’s appearance on Hoover Institute’s Uncommon Knowledge Podcast, hosted by Peter Robinson. Peter Robinson is probably best known as a speech-writer for President Ronald ...

25 Maalis 20221h

“The Fight Against Evil”: Three Reporters in Ukraine

It’s been a month since Russia invaded Ukraine. About a fourth of Ukraine’s population has been displaced. Thousands, if not more, have died. And still, ordinary Ukrainians – professors, engineers, ba...

23 Maalis 20221h 8min

Why No One Trusts Anything

What if I told you that all the brokenness in our society—from the increased rates in suicide and addiction to the decreased rates in marriage and sex to the crisis of faith in everything from the CDC...

18 Maalis 20221h 28min