7/28/23: Education Dept. Investigating Harvard Admissions, Mr. Beast Vs Food Monopoly w/ Matt Stoller, Fired Rail Worker w/ Max Alvarez, Saagar At UFO Hearing w/ Jeremy Corbell, James Li On The Evils of Blackrock
This week on Breaking Points, they discuss the Education Department's investigation into Harvard Admissions favoring the rich, popular YouTuber Mr. Beast's battle against Food Monopolies, an interview with a fired rail worker, Saagar attending a UFO hearing in congress, and an investigation into the evil company Blackrock.
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Quick takeaways
The Education Department is investigating Harvard admissions for favoring the rich, potentially leading to a legal battle.
Popular YouTuber Mr. Beast criticizes Hershey's and Mars for monopolizing the snack food market, aiming to provide alternative options through his own line of snack foods.
The testimony of former rail worker Michael Paul Lindsey II sheds light on possible whistleblower intimidation and the need for safety regulations in the industry.
Deep dives
Education Department Opens Civil Rights Inquiry into Harvard's Legacy Admissions
The Education Department has launched a civil rights inquiry into Harvard University's admissions policy, specifically examining the practice of legacy admissions and admissions preferences for family, alumni, and donors. This inquiry follows the Supreme Court's recent decision limiting affirmative action. The investigation aims to determine if these preferences discriminate against black, Hispanic, and Asian applicants in favor of white and wealthy students. The inquiry could potentially lead to a settlement or a legal battle that may reach the Supreme Court.
Mr. Beast Exposes Chocolate Bar Monopolies
Popular YouTuber Mr. Beast, known for his entrepreneurship, has criticized the chocolate duopoly of Hershey's and Mars, accusing them of bullying rivals and monopolizing the snack food market through the control of shelf space. Mr. Beast argues that these dominant companies lack innovation and stifle competition, making it harder for new and innovative snack products to enter the market. He has created his own line of snack foods called Feastables and aims to pressure the duopoly by gaining more shelf space and providing consumers with alternative snack options.
Railroad Industry and Whistleblowing
Michael Paul Lindsey II, a whistle-blower and veteran railroad worker, has exposed the destructive labor and business practices of Union Pacific and the larger rail industry. Paul testified that non-human intelligence may have been in possession of the US government since the 1930s, and he detailed threats to his own life and others who have come forward. The hearing also shed light on the funding of black programs through defense contractors and possible crash retrievals. The significance of the hearing lies in providing confidence to other potential whistle-blowers and pushing for transparency in a long-standing industry.
Safety concerns and neglect in the railroad industry
The podcast episode discusses how the emphasis on profitability in the railroad industry has led to a neglect of basic safety measures, such as maintenance. The increasing length of trains and reduction in staff further exacerbate these safety concerns. The lack of regulatory oversight and accountability allows companies to prioritize profits over safety, leading to catastrophic incidents like toxic derailments in places like East Palestine. The podcast highlights the need for legislative protection for whistleblowers and stricter regulations to ensure safety in the industry.
Blackrock's influence and control in the financial world
The episode delves into the rise and influence of Blackrock, a financial powerhouse managing trillions of dollars in assets. The podcast explores how Blackrock exerts significant control over major companies through its ownership shares and has penetrated high-level positions in the US government. The discussion touches on Blackrock's involvement in bailout efforts during the 2008 financial crisis and its role in directing investment decisions. The podcast also explores the complexities and criticisms of Blackrock's ESG (Environmental, Social, and Governance) marketing campaign, which attempts to promote considerations beyond profit maximization but faces skepticism and accusations of hypocrisy.
This week we discuss the Education Department opening up a Civil Rights inquiry into Harvard Admissions favoring the rich, Matt Stoller takes a look at popular YouTuber Mr. Beast going up against the Food Monopolies, Max Alvarez interviews a fired rail worker, Saagar attends the UFO hearing in congress and speaks to UFO expert Jeremy Corbell, and James Li takes a look at the evil company Blackrock.