Cease Fire; Milei & Central Banking; OpenAI Update; Economy; Brain Drain | YBS: News Roundup Nov 21
Nov 21, 2023
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Milei, the central banking expert, talks about the potential ceasefire between Israel and Hamas. The podcast also discusses the impact of deregulation and populism on economic policies. They explore the ongoing conflict in Silicon Valley and touch on the brain drain phenomenon in Iran. The episode concludes by examining a family dynamic and hinting at upcoming discussions on Thanksgiving and the economy.
Waiting to buy a home may result in higher mortgage rates and soaring prices in a competitive market.
Internal conflicts and power struggle in OpenAI, fueled by Microsoft's CEO and employee concerns, are causing speculation in Silicon Valley.
Deep dives
The Churchill Mortgage team urges against waiting for lower mortgage rates
The Churchill Mortgage team emphasizes the potential cost of waiting to buy a home due to high mortgage rates. They offer a free 15-minute analysis to showcase the difference between buying now versus waiting for lower rates. They also highlight the risk of prices soaring even higher once rates drop and new home buyers entering the market.
Ceasefire between Israel and Hamas discussed
Details of a two-phase ceasefire deal between Israel and Hamas are explored. The deal includes the release of hostages held by both sides, a four-day ceasefire, and provisions for the resumption of military operations after the pause is over. The announcement of the ceasefire is pending approval from the Israeli cabinet.
OpenAI faces internal struggle
OpenAI, a leading AI research organization, is experiencing internal conflicts and a potential power shift. The CEO of Microsoft, who made a significant investment in OpenAI, is pushing for a change in the organization's governance structure and the resignation of board members. OpenAI employees have also signed a letter calling for changes in the board. This internal struggle is causing concern and speculation in Silicon Valley.
Brain drain in Iran
Iran is currently experiencing a significant brain drain, with many Iranians seeking asylum, work, or student visas in other countries. The number of Iranians studying abroad has been on the rise, and the country has seen a fast growth rate in migration to wealthy OECD countries. This emigration trend may impact Iran's future development and prosperity.