deregulation

Back in the 1970s, the Tennessee Valley Authority built what remains one of the largest energy storage facilities in the world: a pumped-storage hydropower plant. A pump takes water from the Tennessee River, shoots it up a giant shaft and holds it there until electric power needs peak during the day. At that point, the water is allowed to drain back down, spinning turbines that can generate enough power for a million homes. It’s almost like a gravity-powered battery as big as a cathedral … buried deep inside a mountain. Marketplace’s Lily Jamali spoke with Robert Kunzig, a freelance journalist who recently wrote about this in depth for the publication Science. He says pumped-storage hydro is attracting a lot of interest, thanks in part to generous tax credits from the 2022 Inflation Reduction Act.

Robert is joined again by Miles Gray to continue to discuss Frank Lorenzo.

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Robert sits down with Miles Gray to talk about Frank Lorenzo, the vulture capitalist who murdered the airline unions and made flying terrible.

(2 Part Series)

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The dust hasn’t yet settled around Silicon Valley Bank’s collapse and people are trying to figure out who, or what, is to blame. We’ll unpack some of the finger pointing, explain what SVB represents 15 years after the 2008 financial crisis and look into what the bank’s failure means for the 2024 presidential race. Plus, the Oscar moments that made us smile!

Here’s everything we talked about today:

• • “Bank rules rollback contributed to SVB’s failure, critics say” from Marketplace

• • “Barney Frank blames crypto panic for his bank’s collapse. Elizabeth Warren blames Trump.” from Politico

• • “As military spending soars, Congress must take critical look at Pentagon budget” from The Hill

• • Severe erosion in North Carolina from The Washington Post

• • “Oscars Analysis: Why ‘Everything Everywhere’ — and the Academy — Won” from The Hollywood Reporter

• • “Naatu Naatu” performance at the Oscars from Variety

• • “Parties, food deals and more ways to celebrate St. Louis on 314 Day” from St. Louis Post-Dispatch

• • “Celebrating and honoring Scott Joplin and his legacy in St. Louis” from KSDK

It’s our March fundraiser! Help us meet our goal so we can cover our costs and plan for the future: https://support.marketplace.org/smart-sn

Recently, flying in the US seems to be more chaotic than calm. And while it may seem like this all started recently, the FT’s Chicago Correspondent Claire Bushey takes us back to a decision that happened in the 1970s that got us to where we are now. 

Clips from NBC, PBS, CBS

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For further reading:

How the US fell out of love with flying

Passengers to keep ‘paying the price’ of aviation chaos, says United CEO

Hyper-efficiency is bad business

US airlines: higher fares and (hopefully) better service

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On Twitter, follow Claire Bushey (@Claire_Bushey) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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Until the 2007, the largest single corporate bankruptcy was Enron, a $67 billion energy trading company. Its decline was breathtaking, and while it’s a fascinating story of corporate malfeasance and greed, it’s also about the lives of ruined workers.

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When people think about the so-called 'gig economy' they probably first think about Uber. But truck drivers are arguably the original gig workers. And driving a truck is one of the biggest professions in the US. So how should laws designed to protect the rights of gig workers apply to the trucking industry? And what do truck drivers actually want? On this episode of the podcast, we speak with Rachel Premack, the editorial director at Freightwaves and the author of the MODES newsletter, to understand the legal ambiguities and how they relate to deregulation efforts that are multiple decades old.

See omnystudio.com/listener for privacy information.

CHD Defender reporter, Dr. Michael Nevradakis, discusses BlackRock and Vanguard with RFK Jr in this episode.

Read more in The Defender: https://childrenshealthdefense.org/defender/corporate-vaccine-mandates-passports-blackrock-vanguard/

During the pandemic, the price of beef shot up. Wholesale beef prices increased more than 40 percent — more than 70 percent for certain cuts of steak. 

The conventional wisdom was that price increases simply reflected the chaos that the coronavirus had caused in the supply chain. But there’s evidence that they were in fact a reflection of a more fundamental change in the meatpacking business.

We speak to ranchers about the consolidation of the industry and explore what it can show us about a transformation in the American economy — one much bigger than beef. 

Guest: Peter S. Goodman, a global economics correspondent for The New York Times.

Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter. 

Background reading: 

• Despite record beef prices, ranchers aren’t cashing in — the result of years of consolidation. 

For more information on today’s episode, visit 

nytimes.com/thedaily

. Transcripts of each episode will be made available by the next workday.

In today's episode, Andy & DJ discuss the globalist elites who've more than doubled their wealth during the coronavirus pandemic, tennis superstar Novak Djokovic leaving Australia disappointed after the court dismisses his deportation appeal, and Ghislaine Maxwell's decision to let the court decide whether the names of 8 John Does will be revealed.

In a two-part examination of the policies of the president and of the man seeking to replace him, Joe Biden, we first take a look at what Donald Trump said he would do four years ago — and what he’s actually accomplished.

On some of the big issues, Mr. Trump has been the president he told us he was going to be, keeping commitments on deregulation, taxes, military spending and the judiciary.

But other potent promises — such as replacing Obamacare, draining “the swamp” in Washington and forcing Mexico to pay for a border wall — have withered.

Today, we speak to Peter Baker, The Times’s chief White House correspondent, about Mr. Trump’s record. Tomorrow, we scrutinize Mr. Biden’s plans for the presidency.

Guest: Peter Baker, chief White House correspondent for The New York Times.

For more information on today’s episode, visit nytimes.com/thedaily

Background reading:

• We delve into the background of the candidates and present key questions about the campaigns of Donald Trump and Joe Biden.
• With 19 days to go, here’s a guide to the 2020 election with the latest updates, polling news and information on how to vote.

In this episode we speculate what would happen if economists got to run the world. Hear from a high-end call girl; an Estonian who ran his country according to the gospel of Milton Friedman; and a guy who wants to start building new nations in the middle of the ocean.