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Breaking Points with Krystal and Saagar
1/24/23: RussiaGate FBI Agent Arrested, Biden's New Chief of Staff, Microsoft Invests In ChatGPT, Universities Shocked By AI, Ruben Gallego Runs Against Krysten Sinema, Jeff Bezos Sale of Washington Post, Federal Debt, Tech Sector Layoffs, Derek Thompson
Jan 24, 2023
01:18:31
Snipd AI
Retired FBI Agent involved in Trump-Russia probe arrested for ties to a Russian oligarch. Biden appoints corporate fraud Jeff Zients as Chief of Staff. Microsoft invests $10B in ChatGPT. MBA's shocked by ChatGPT passing exam. Ruben Gallego challenges Krysten Sinema in Arizona. Jeff Bezos possibly sells Washington Post. Examining accumulation of Federal Debt. Tech layoffs despite low unemployment. Derek Thompson's insights on media and tech layoffs.
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Quick takeaways
- Understanding the history of US debt helps shed light on current debates and reveals the priorities of American elites.
- The JP Morgan Chase scam exposes failures in due diligence by financial institutions and highlights vulnerabilities in the higher education system and exploitative banking practices.
Deep dives
The Rise of US Debt: A History of American Elites and Priorities
US debt has been a part of American politics since the Revolutionary War. It tells a story of American elites and their priorities throughout history. Alexander Hamilton structured the first significant debt of $77 million during the Revolutionary War. Since then, debt has fluctuated with wars, economic downturns, and political decisions. In the 2010s, debt politics was prominent with the rise of the Tea Party and clashes with President Obama. The Trump era saw less focus on debt, but now it has resurfaced. Understanding the history of US debt helps shed light on current debates and reveals the priorities of American elites.
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Listen to the best highlights from the podcasts you love and dive into the full episode