Explore "pension reform" with insightful episodes like "Morning briefing Thursday 10th August", "Why France's Pension Protests Are So Important Interview with Dr. Tomasz Michalski", "The Budget: Will the rich get richer?", "Independence fray: Scotland’s leader steps down" and "Not shy about retiring: strikes in France" from podcasts like ""Times news briefing", "Economics Explained", "The News Agents", "Economist Podcasts" and "Economist Podcasts"" and more!
The Times Briefing for the Morning of Thursday 10th August
For more on these stories throughout the day tune into Times Radio - on DAB, online, through your smart speaker or on the Times Radio app
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Today's bombshell rabbit (to mix a metaphor) was the Chancellor's promise to abolish the lifetime allowance on pensions.
If you're super-rich it's time to crack open the champagne. If you're working age and well-paid, it might keep you in your job longer - at least that's the aim- but this is against a backdrop where household disposable income is falling at its fastest rate since the 1950s.
We talk childcare, taxation, potholes, and Brexit beer.
Later, we revisit the question of BBC impartiality after leaked emails show an editor succumbing to pressure from Boris Johnson's Number 10 during the pandemic.
You can watch our episodes in full at https://global-player.onelink.me/Br0x/Videos
The News Agents is a Global Player Original and a Persephonica Production.
Nicola Sturgeon is bowing out after shaping a party that has defined itself on the notion of Scottish independence. What now for Scotland and for Britain more broadly? Our correspondent says that France’s protests against pension reform are about far more than the stereotype of being workshy. And the surprising information spies could gather from your home’s Wi-Fi router.
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Fixing the complex, creaking pension system remains central to President Emmanuel Macron’s agenda of reforms. But leaving it alone is central to French identity—so workers are striking, again, in huge numbers. Our correspondent lays out why 2023’s first earnings season is so gloomy. And America is providing more legal protections for polyamorous “throuples”.
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Referenced in the show:
The Insiders' Game by David Sacks
https://www.persuasion.community/p/the-insiders-game
ABC News - CA EDD admits paying as much as $31 billion in unemployment funds to criminals
Forbes - Why California Is In Trouble – 340,000 Public Employees With $100,000+ Paychecks Cost Taxpayers $45 Billion
Rescue California - Recall Gavin Newsom
Show Notes:
0:00 Wrapping up the Robinhood situation: major lessons learned, Elon’s Clubhouse interview with Vlad, is the cash infusion to Robinhood a trade of the year candidate in 2021?
20:21 Understanding short positions - why do firms short, more transparency & margin requirements
26:08 Sacks on the growing insider vs. outsider theme in politics & finance, importance of institutions in chaos
31:45 Breaking down California’s report card, why the state is such a mess, what structural problems plague it & how to fix them
1:02:04 Chamath’s Aziz Ansari story, Governor potential, top ways to save California
Gina Raimondo, the governor of tiny Rhode Island, has taken on unions, boosted big business, and made friends with Republicans. She is also one of just 15 Democratic governors in the country. Would there be more of them if there were more like her?
Britain’s car industry is crying foul, as not a single new diesel car avoids the Budget tax hike because the test they have to pass hasn’t come in yet.
Car makers claim that new diesels are fine, but can we believe them? Meanwhile, campaigners want extra taxes and a serious crackdown on diesel drivers, but it’s ended up with councils leading the way with a piece-meal approach.
Who should we believe, has the drive to get rid of diesel gone too far, and is it employing bad science?
This week, Simon Lambert, Tanya Jefferies and Georgie Frost drive into the murky world of diesel cars.
And also on the show, we look at a victory for those with small annuities and how to invest for income with ETFs.
Former hedge fund manager Lars Kroijer explains why you should stop trying to beat the market and just be a passive investor.
Or if that’s not for you, how about joining the bitcoin boom?
We look at what on earth is going on with the cryptocurrency rollercoaster and the gold Rolls-Royce that you can buy for £117,995 but it must be paid for in bitcoin.
And you might be surprised quite how little bitcoin you’d need to have bought at the start of 2017, to buy that Roller now.
Enjoy.
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