1/7/23: JFK Files with Jefferson Morley, Matt Taibbi Twitter Files Interview, Epstein Lawsuit, Billionaires Losing Money, Aging Millennials Less Conservative
Guests include Jefferson Morley on the JFK Files and Matt Taibbi on State Dep Agency and Twitter. Other interesting topics include a Virgin Islands lawsuit against JPMorgan Chase over Epstein, billionaires losing money, and a study showing aging Millennials becoming less conservative.
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Quick takeaways
Financial institutions must be held accountable for their involvement in enabling criminal activities like sex trafficking, as highlighted by the lawsuit against JP Morgan in the Epstein case.
Millennials are challenging traditional political norms by becoming more progressive as they age, indicating a potential shift in future political power dynamics.
Deep dives
US Virgin Islands Attorney General Alleges JP Morgan Aid in Epstein's Sex Trafficking Enterprise
The US Virgin Islands Attorney General's Office has filed a lawsuit in the Southern District of Manhattan accusing JP Morgan of aiding Jeffrey Epstein in his sex trafficking enterprise. The lawsuit alleges that the bank failed to report suspicious activities and provided Epstein with services typically reserved for high-wealth clients, even after his 2008 conviction for soliciting a minor for prostitution. The lawsuit claims that JP Morgan knowingly and unlawfully facilitated transactions that supported the operation and concealment of the Epstein trafficking enterprise. This legal action shines a spotlight on the complicity of financial institutions in enabling Epstein's criminal activities. The case has significant implications as it exposes the alleged role of a major bank in perpetuating sex trafficking and highlights the need for accountability and transparency within the financial system.
Financial Institutions Face Significant Losses in 2022, Reflecting Changing Economic Landscape
Financial institutions, including billionaires such as Elon Musk, Mark Zuckerberg, and others, experienced substantial losses in 2022. With a cumulative decrease in net worth of $1.4 trillion, the world's wealthiest individuals suffered consequences due to various factors. These factors include alleged fraud incidents, geopolitical conflicts, such as the Russia-Ukraine war, corporate controversies, like Elon Musk's Twitter antics, and global central banks tightening monetary policies. In the case of millennials, their economic experiences, including the global financial crisis, may be shaping their political ideology, as they appear to be moving away from traditional patterns of becoming more conservative with age. This shift in political attitudes has significant implications for future political realignments and power dynamics. The data suggests that millennials may be challenging established political norms, creating a potential shift in the political landscape in the coming years.
Millennials Break from Traditional Political Shifts as they Lean Towards Progressivism
Millennials are breaking the historical trend of becoming more conservative as they age, shattering the traditional rule of political ideology shifts. Unlike previous generations, millennials are moving towards more progressive ideologies as they get older. This pattern has significant implications for future political power dynamics, as the younger generations' political leanings may shape future policy agendas and priorities. The experiences of Millennials, such as the 2008 financial crisis and rising income inequality, may have contributed to their more progressive views. As younger generations continue to rise to power, the political landscape is likely to undergo significant changes reflective of their evolving values and beliefs.
In this Weekly Roundup we cover an interview with author Jefferson Morley on the JFK Files, a new interview with Matt Taibbi on State Dep Agency and Twitter, a Virgin Islands lawsuit directed at JPMorgan Chase over their involvement in Epstein's affairs, how Billionaires are losing a ton of money, and a surprising new study showing Millennials growing to be less conservative as they age.