The Banking Crisis Is Opening a New Chapter of Capitalism
A lot has been said about the collapse of Silicon Valley Bank and Credit Suisse. But one important thing revealed by those closely scrutinized failures has largely gone unnoticed: the changing relationship between governments and banks. Bloomberg Editor-In-Chief John Micklethwait joins this episode to talk about how the idea that finance is an arm of the state is back–and why that will have far-reaching consequences for the way the world works. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
27 Mars 202328min
Your Pet Is Costing You A Fortune and You Don’t Care
The global pet economy is expected to reach nearly half a trillion dollars by 2030. After a pandemic surge in pet adoptions, more people are buying ever more expensive food and toys for their furry friends. But beyond these routine costs, a growing number of owners are also shelling out thousands for veterinary care to treat complex illnesses and keep their pets alive for longer. Bloomberg reporters Brendan Case and Nacha Cattan join this episode to give an expansive view of the industry, including how new diagnostic tools and medications are extending pet lifespans—and wearing down owners’ wallets. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.This podcast is produced by the Big Take Podcast team: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Rebecca Chaisson, Michael Falero and Federica Romaniello, Associate Producers: Sam Gebauer and Zaynab Siddiqui. Sound Design/Engineers: Raphael Amsili and Gilda Garcia.See omnystudio.com/listener for privacy information.
24 Mars 202325min
Will ChatGPT Steal Your Job?
As the technology powering artificial intelligence keeps improving, it’s getting harder to tell the difference between human and machine. And that means companies are looking to capitalize on its uses.ChatGPT’s maker OpenAI is quickly rolling out new iterations, like the more powerful version of the product called GPT-4. Google has introduced its own version, albeit with some early stumbles. And Elon Musk also has his eye on the AI space. Bloomberg Opinion columnist Parmy Olson and technology reporters Dina Bass and Rachel Metz have reported extensively on the rise of ChatGPT and other forms of AI. They join this episode to talk through the upsides–and significant downsides–of a bot that can appear to write and sort of think for you, and what it looks like when humanlike machines become a bigger part of our daily work and lives. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
23 Mars 202334min
Apple Looks To Grow Some New Roots
The story of Apple’s rise to become the world’s most valuable company is also the story of its relationship with China. Apple’s vast manufacturing and supply chain operation there has been one of the keys to its success.So why is Apple looking to expand its operations to India and other countries? Bloomberg’s chief technology correspondent Mark Gurman joins this episode to look at how shifts in the global economy, and rising tensions between Washington and Beijing, have led Apple to diversify where it makes its products. And Taipei-based senior reporter Debby Wu talks about the challenges the company faces in trying to recreate its success in other countries. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
22 Mars 202327min
Washington Takes Aim At Those Hated Non-Compete Agreements
The US Federal Trade Commission is weighing restrictions on many non-compete agreements in employment contracts. These clauses dissuade workers from switching jobs and impact roughly one in five Americans—including physicians, hair stylists, even fast food workers. Bloomberg reporter Leah Nylen joins this episode to explain the FTC’s efforts to dial them back. And reporters Jo Constantz and Josh Eidelson, and White House editor Mario Parker, talk about how non-competes became a way for companies to freeze employees in place—and how the move to restrict them is part of a larger push by the Biden administration to bolster workers’ rights. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
21 Mars 202329min
How Are US Chips Ending Up In Russian Weapons?
US sanctions against Russia are supposed to cut off Moscow’s access to all kinds of goods, including semiconductors, which are used in missiles and drones. But US officials allege a secret supply chain has illegally funneled these chips, some of them American-made, to Russia, where they’ve been used in weapons deployed against Ukraine. Bloomberg reporter Ben Bartenstein joins this episode to talk about one alleged chip smuggling scheme. And US national security editor Nick Wadhams explains why sanctions can slow—but not always stop—Russia and other sanctioned nations from getting what they want. Read more here: Web of Secret Chip Deals Allegedly Help US Tech Flow to Russia Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
20 Mars 202328min
Israel’s Leader Wants To Weaken The Courts. People Are Furious
For months, Israeli citizens—including CEOs, doctors, hedge fund executives, lawyers, and soldiers—have protested in the streets against Prime Minister Benjamin Netanyahu’s plan to diminish the authority of the nation’s Supreme Court. The government aims to give Israel’s parliament, the Knesset, the power to overrule the court’s decisions with a simple majority vote. It could have far-reaching consequences within Israel—and for its standing as a strong democracy in a volatile region of the world. Bloomberg’s Israel Bureau Chief Ethan Bronner joins this episode from Tel Aviv to talk about what’s at stake—and why so many Israelis from all walks of life are demanding Netanyahu withdraw the plan. Read more: https://bloom.bg/408gubM Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
17 Mars 202329min
Congress Won’t Let The US Default on Its Debt. Right?
The White House and Congress are battling over raising the nation’s $31.4 trillion debt ceiling. If they don’t act and the US defaults on its debt this summer, the economic shockwaves will be felt across the nation and around the world. Even so, the conventional wisdom in many parts of Washington and Wall Street seems to be: don’t worry, in the end of course they’ll reach a deal. But relying on conventional wisdom is often…unreliable. Though congressional leaders managed to overcome their differences and raise the debt ceiling in the past–often at the 11th hour, after all the brinkmanship had played out–what if this time is different? Bloomberg journalists Liz McCormick and Erik Wasson join this episode to game out the scenarios and gauge how concerned we should be about the possibility that the rancor and acrimony in Washington will lead to a debt default for the first time in US history. Read more: https://bloom.bg/3JkoEqX Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
16 Mars 202326min
