Stock Trading Banned for Lawmakers? & Vending Machines That Sell… Ammo
Jul 11, 2024
29:14
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Lawmakers may be banned from stock trading, while vending machines selling ammo spark controversy. Three Mile Island could power AI, and NYC unveils new trash bins. Also, a $150K protection dog, Drake's betting woes, and urban toddler decline.
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Quick takeaways
Bipartisan bill proposed to ban lawmakers from stock trading to address ethical concerns.
Ammunition vending machines introduced to enhance security and restrict access amidst gun violence issues.
Deep dives
The Debate on Politicians Trading Stocks
Politicians being involved in stock trading has sparked a debate with bipartisan senators proposing a ban for members of Congress and their families from assets starting in 2027. Current rules only require disclosure of trades over $1,000 with minimal penalties. Despite previous unsuccessful attempts, this new proposal aims to enforce stricter regulations due to public opinion and potential attachment to broader bills.
Controversial Introduction of Ammunition Vending Machines
A Texas-based company, American Rounds, has introduced ammunition vending machines in grocery stores, with plans to expand to more locations. Concerns about accessibility to lethal ammunition arise amidst America's gun violence issues. The vending machines, requiring age verification and facial recognition, aim to provide a more secure way to purchase ammunition compared to online or retail stores.
Reviving Three Mile Island Nuclear Plant for AI Demands
Constellation Energy, owner of the Three Mile Island nuclear plant, is considering restarting the plant due to the soaring energy requirements of artificial intelligence. Data centers supporting AI models are projected to consume 9% of the US power supply by 2030, prompting interest in nuclear energy. The Biden administration's clean energy subsidies are encouraging the reopening of old reactors to meet zero-carbon emission goals.
Episode 363: Neal and Toby examine the bipartisan bill that would prevent members of Congress from trading on the stock market that often bring up concerns of ethics. Then, some states are allowing vending machines to sell bullets to gun owners. Plus, Three Mile Island, the site of one of the worst nuclear disasters in US history, is gaining interest in opening back up to power AI. Next, Neal shares his favorite numbers on a $150K dog, Drake’s lost bet, and children leaving downtown areas. Lastly, NYC Mayor Eric Adams rolls out the first official trash bin.
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