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)

Naftali Bennett and Michael Oren: Israel and Iran at War

In the early hours of Friday morning, Israel pulled off a historic strike on Iran. As I record these lines, Iran is reporting a “massive explosion” in Isfahan, in a province that is home to several nu...

13 Kesä 202556min

Amb. Mike Huckabee on Gaza Aid, Iran, and MAGA’s Foreign Policy War

There are people who have résumés we might call “diverse” or “wide-ranging.” And then there are people like Mike Huckabee who, at age 69, has seemingly crammed several lifetimes’ worth of careers into...

10 Kesä 20251h 24min

How Qatar Bought America

In the past few weeks, Qatar has been all over the news with flashy headlines of a $400 million luxury jet that the country gifted to President Donald Trump. It symbolized their opulence and eagerness...

3 Kesä 20251h 13min

The Biden Cover-Up and the Failure of the Press Corps

In 2023 and 2024, there were many things that were unsayable. Perhaps the most unsayable—at least in legacy media circles—was that the President of the United States was not capable of being president...

29 Touko 20251h 48min

How to Examine Your Marriage and Your Life

A lot of people fall in love outside of their marriages. Some have affairs. Some leave their wives or husbands. But not a lot of people are Agnes Callard. Agnes did something really unique. She fel...

27 Touko 20251h 6min

Welcome to the Global Intifada

Yaron Lischinsky, 30, and Sarah Milgrim, 26, were staffers at the Israeli Embassy. They had just planned a trip for Sarah to meet Yaron’s parents. He had recently bought an engagement ring. Then on...

23 Touko 202514min

Debate: Will the Truth Survive Artificial Intelligence?

The late biologist E.O. Wilson said that “the real problem of humanity is the following: We have Paleolithic emotions, medieval institutions, and god-like technology. And it is terrifically dangerous....

22 Touko 20251h 13min

Andrew Cuomo on His Past and New York’s Future

When you think about great political comebacks, maybe you think of Donald Trump, or Richard Nixon, or “comeback kid” Bill Clinton. You might soon add Andrew Cuomo to that list. In 2020, Cuomo was a...

20 Touko 20251h 23min