campaign financing

Today we’re talking about the trade deficit at the request of some of our curious listeners. Since the mid-’70s, the U.S. has persistently been importing more goods than it exports. Is that such a bad thing? We’ll hear from Eswar Prasad, professor of trade policy at Cornell University and a senior fellow at the Brookings Institution, about why the U.S. has a trade deficit, whether it’s a good or bad thing, and why a country’s overall trade deficit matters more than deficits with specific countries.

Then, we’ll get into how online political donations are fueling election campaigns this year. Plus, the malleable idea of “old age” and the wonders of happy sheep in a solar field.

Here’s everything we talked about today:

• • “Trade deficits aren’t good or bad, just weird” from Marketplace

• • “The U.S. Trade Deficit: How Much Does It Matter?” from the Council on Foreign Relations

• • Historical U.S. Trade Deficits from the St. Louis Fed

• • “Chinese Exports Are Threatening Biden’s Industrial Agenda” from The New York Times

• • “Trump promised to rebalance trade in North America. The US trade deficit keeps climbing.” from Politico

• • “How online donations are fueling the election” from Politico

• • Polling in 2024 from Reuters

• • Opinion | “What Departing Lawmakers Think About Congress” from The New York Times

• • “Young US adults reach key milestones later in life than in the past like marriage, full-time job, financial independence” from Pew Research Center

Want more “Make Me Smart” in your life? Sigh up for our newsletter at marketplace.org/smarter.

Megyn Kelly is joined by Adam Carolla, host of The Adam Carolla Show, to discuss Hunter Biden trying to play the victim about his addiction and media coverage, “Squad” Democrats lying about the Israel-Hamas war, Gov. Gavin Newsom’s new COVID lies about school closures and the lockdowns he pushed, how Newsom is a "sociopath" and hypocrite when he tries to revise history, whether he might run for president, the bizarre freakout from Tiffany Gomas on that airplane, her new explanation that neither Megyn nor Adam believe, whether she was on drugs or if she believes in lizard people, the problem with conspiracy theories and the internet, whether Gov. Ron DeSantis is wearing lifts in his cowboy boots, DeSantis' new response attacking Trump over it, DeSantis’s odd fashion choice of wearing cowboy boots all the time, Donald Trump’s “tan” and hair controversies as well, the liberal elite who have been wrong about so much from COVID to the food pyramid, why they want you to get brainwashed with them, SBF found guilty and the liberals who championed him, the Connecticut mayor race revealing potential illegal ballot stuffing from Democrats, surveillance video evidence, whether we should have a camera at the voting drop boxes or only have Election Day voting, and more.

More from Carolla: https://adamcarolla.com

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This episode is all about policy change when it comes to lead paint and mandatory vaccines. Plus, we talk about campaign donations, environmental issues, and we dive deep into Ann’s political campaign. 

Ann Ravel has dedicated her life to public service and the fight for justice and equality. A distinguished attorney who never backs down, Ann will take on special interests and fight for the residents of State Senate District 15 and for families across the state. A leader shaped during the Civil Rights era, Ann’s commitment to public service and fighting for justice at every turn was cemented at an early age.

In this podcast, we cover:

• The dangers of children and lead paint
• What Ann can do to make policy changes around lead
• How to follow political money trails 
• Why there needs to be a cap on campaign expenditures 
• About the vaccine discussion and why it has to change
• Why we need to be more aggressive about environmental issues 
• What Ann wants to prioritize in the California State Senate 

OUR SPONSOR OF THIS EPISODE: Dry Farm Wine is our Sponsor for today’s episode. Get a bottle of wine for a penny!

RESOURCES MENTIONED IN THIS EPISODE:

Reset Academy

Resetter Collaborative

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Ann Ravel on Instagram

Despite being a late entry into the race for the Democratic presidential nomination, Michael R. Bloomberg, the billionaire media tycoon and former mayor of New York City, has surged in the polls and is winning key endorsements before he’s even on the ballot. Today, we explore the hidden infrastructure of influence and persuasion behind his campaign — and the dilemma it poses for Democrats. Guest: Alexander Burns, a national political correspondent for The New York Times. For more information on today’s episode, visit nytimes.com/thedaily.

Background reading:

• Who is Mr. Bloomberg? And where does he stand on the key issues?
• We took a look at how Mr. Bloomberg’s enormous wealth helped build a national political network, and an empire of influence, for his campaign.
• His run has proved complicated to cover for the media empire he owns.