transparency

The Times Briefing for the Morning of Thursday 6th April

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

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Goldman Sachs is going all in on asset management, Nigeria’s opposition parties are calling for a rerun of the presidential election over the weekend, and a London mansion tied to the Saudi royal family is up for sale and expected to fetch a record price.

Mentioned in this podcast:

Goldman Sachs explores ‘strategic alternatives’ for consumer business

London’s most expensive ever house sale lined up after Saudi loan expires 

Credit: CNBC Goldman CEO says asset management is the new growth engine, will learn from bungled consumer effort

Tinubu leads disputed Nigerian vote as opposition calls for election rerun

Credit TVC News Nigeria Bola Tinubu Commends Election Process

Download the FT Edit app here: ft.com/ftedit

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Molly and Jason kick off the show catching up after the weekend, discussing the Super Bowl and the spy balloons that the US airforce has shot down. (1:30) Then they have a very interesting conversation about bypassing ChatGPT’s guardrails and content moderation. (23:29)

(0:00) M+J kick off the show

(1:30) Super Bowl 57

(8:33) LinkedIn Jobs - Post your first job for free at https://linkedin.com/twist

(9:58) UFOs in American airspace

(22:26) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist

(23:29) ChatGPT’s alter ego DAN + content filter transparency

(37:17) Revelo - Get 20% off the first 3 months by mentioning TWIST at https://revelo.com/twist

(38:44) Programming LLMs and neural networks

FOLLOW Jason: https://linktr.ee/calacanis

FOLLOW Molly: https://twitter.com/mollywood

Jason and Molly kick off the show with a quick third-rail story about Area 51. (1:56) They then cover Instagram co-founders Mike Krieger and Kevin Systrom’s new startup, Artifact. (10:44) Finally, Gabi Lewis of Magic Spoon joins Molly for an awesome interview about their latest raise, launching in big box stores and more. (41:56)

(0:00) Molly Kicks off the show

(1:56) Conspiracy Theories with Molly and Jason

(9:37) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist

(10:44) Mike Krieger and Kevin Systrom’s new venture: Artifact

(20:16) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist

(21:19) Monetizing news aggregators + content moderation

(40:42) Letterhead - get 50% off their first year at tryletterhead.com/twist

(41:56) Gabi Lewis of Magic Spoon joins Molly

(1:13:51) Jay Trades, immigration and TikTok ideas

FOLLOW Gabi: https://www.instagram.com/gababoutgabi

FOLLOW Jason: https://linktr.ee/calacanis

FOLLOW Molly: https://twitter.com/mollywood

TechCrunch's Alex Wilhelm joins to break down the news! First up, the trio covers Pipe's Co-Founders abruptly stepping down (7:06) and the lessons learned. (26:29) Then, they discuss Apple's China-based iOS update impacting AirDrop (40:31) before Alex leaves. J+M finish the show with more thoughts on China and react to Black Friday's ATH sales volume and the BNPL boom. (1:11:01)

(0:00) J+M tee up today's topics and special news guest!

(2:21) J+M catch up on their Thanksgiving breaks with TechCrunch's Alex Wilhelm!

(7:06) Intense velocity of notable tech stories, teeing up the Pipe situation

(12:05) LinkedIn Marketing -  Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups

(13:34) Breaking down the Pipe Co-Founders abruptly stepping down

(25:02) Supergut - Get 30% off with code TWIST at https://supergut.com 

(26:29) Pipe's expansion into media and crypto, lessons learned from the "speculative asset bubble"

(37:21) Fitbod - Get 25% off at https://fitbod.me/twist 

(38:39) Alex on running a subscription-based media business within an ad-based media business

(40:31) Protests in China, Apple's recent China-specific iOS update, which impacting AirDrop

(59:59) J+M wrap with thoughts on China after Alex departs

(1:11:01) Black Friday spending hits an all-time high, BNPL sees huge bump y/y

FOLLOW Alex: https://twitter.com/alex

FOLLOW Jason: https://linktr.ee/calacanis

FOLLOW Molly: https://twitter.com/mollywood

Subscribe to our YouTube to watch all full episodes:

https://www.youtube.com/channel/UCkkhmBWfS7pILYIk0izkc3A?sub_confirmation=1

2nd Week of November

------
📣 Earnifi | Check For Your Unclaimed Airdrops, POAPs, & NFTs
https://bankless.cc/earnifi 

------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/?utm_source=banklessshowsyt 
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------
BANKLESS SPONSOR TOOLS:

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum 

❎ ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across 

🦁 BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave 

💠 NEXO | CRYPTO FINANCIAL HUB
https://bankless.cc/Nexo 

🔐 LEDGER | NANO HARDWARE WALLETS
https://bankless.cc/Ledger 

⚡️FUEL | THE MODULAR EXECUTION LAYER
https://bankless.cc/Fuelpod 

------

Timestamps:
0:00 Intro
4:29 BTC Price
5:50 ETH Price
6:10 ETH/BTC
6:33 Total Crypto Market Cap

7:43 ECONOMY
7:50 Inflation drops to 7.7% from 8.2% in September
https://twitter.com/WatcherGuru/status/1590698393260609536 
8:15 CPI Chart
https://www.nytimes.com/live/2022/11/10/business/inflation-cpi-report 
10:08 U.S. Election
12:10 Layoff SZN

14:20 UltraSoundMoney - 5000 ETH Burnt
https://ultrasound.money/ 

21:58 Surreal week….
https://twitter.com/RyanSAdams/status/1590474030263730176 
https://twitter.com/SBF_FTX/status/1590709200665333762 
https://unusualwhales.com/news/ftx-faces-liquidity-shortfall-of-up-to-8-billion-sam-bankman-fried-told-investors 
https://www.wsj.com/articles/ftx-tapped-into-customer-accounts-to-fund-risky-bets-setting-up-its-downfall-11668093732 
https://www.coindesk.com/business/2022/11/09/sam-bankman-fried-no-longer-a-billionaire-after-146b-overnight-wipe-out/ 
39:30 Tether freezes FTX USDT
https://twitter.com/Pentosh1/status/1590711432378621952 
40:18 Gensler and the SEC
https://twitter.com/colinwilhelm/status/1590694062490734593 
41:00 Captain hindsight
https://twitter.com/collins_belton/status/1590686389511028737 
42:25 Tom Emmer
https://twitter.com/RepTomEmmer/status/1590717374801809409 
44:25 Brian Armstrong take & ratio’ing sen warren
https://twitter.com/brian_armstrong/status/1590511022104010753 
45:45 Dogetoshi
https://twitter.com/Dogetoshi/status/1590736426068766721 
46:20 Larry
https://twitter.com/lawmaster/status/1590750976298090496 
47:00 Employee chatter
https://twitter.com/tackettzane/status/1590541872212357120 
52:20 THIS KEEPS HAPPENING
https://twitter.com/RichardHeartWin/status/1590689840068448257 

1:04:36 ETH
1:04:40 New Ethereum Roadmap
https://twitter.com/VitalikButerin/status/1588669782471368704 

1:06:30 NFTs
1:06:35 OpenSea Royalties
https://www.theblock.co/post/183518/opensea-creates-tool-to-help-nft-collections-enforce-royalties-on-chain 
1:07:50 Peaster take
https://metaversal.banklesshq.com/p/the-future-of-nft-royalties 
1:08:05 SuperRare RarePass
https://twitter.com/SuperRare/status/1588173906241736704 
https://twitter.com/BanklessHQ/status/1589641261685915650 

1:08:50 Regulation
1:11:45 SEC subpoena HEX influencers
https://cointelegraph.com/news/sec-issues-subpoena-to-influencers-promoting-hex-pulsechain-and-pulsex 
1:13:18 While all this was happening…LBRY ruling takes
https://twitter.com/lbrycom/status/1589645453091827712 
https://twitter.com/lex_node/status/1589655558029643777 
https://twitter.com/lbrycom/status/1589718365924634624 

1:15:45 Misc
Polkadot’s Native Token DOT
https://twitter.com/Web3foundation/status/1588593793519210497 
1:18:00 UK Bank Santander NGMI
https://decrypt.co/113702/uk-bank-santander-will-block-payments-to-crypto-exchanges 

1:18:19 Releases
Zerion to take on MetaMask
https://www.theblock.co/post/183304/zerion-prepares-to-take-on-metamask-with-in-browser-wallet 

1:19:05 Raises
WalletConnect - $12.5M
https://twitter.com/WalletConnect/status/1588154492465418240 

1:19:20 JOBS
https://pallet.xyz/list/bankless/jobs 
Be like Tim
https://twitter.com/timgarth/status/1588269857920925705 

1:24:34 TAKES
Future of Crypto
https://twitter.com/HHorsley/status/1590463556902096897 
Worst events in crypto history
https://twitter.com/thedefiedge/status/1590131252056756226 
No one wants to hear it
https://twitter.com/TrustlessState/status/1590760792877862913 
Thanks Gary
https://twitter.com/TrustlessState/status/1590721196957761537 

1:36:44 MEME of the Week
https://twitter.com/BanklessHQ/status/1590447780132450306 

1:37:20 Moment of Zen
https://twitter.com/netcapgirl/status/1590431481385857024 

Georgia Senate candidate Herschel Walker flashes a phony police badge during a debate, Dulcé Sloan highlights the history of Reggaeton, and Chelsea Manning discusses her memoir "README.txt."

See omnystudio.com/listener for privacy information.

Trevor Milton and his electric vehicle start-up Nikola became Spac darlings in 2020 with his plan to transform the trucking industry. Then it all came crashing down. The FT’s Claire Bushey explains the boom and bust of entrepreneur Trevor Milton’s career and what we can learn from his story. 

Clips from Nikola

- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

Nikola founder Trevor Milton accused of misleading investors at fraud trial

Nikola: the clues in Trevor Milton’s past that investors missed or ignored

US justice department inquires into Nikola fraud claims

- - - - - - - - - - - - - - - - - - - - - - - - - - 

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

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Trump Organization's CFO pleads guilty to tax fraud, Dulcé Sloan and Kerri Colby tackle the GOP's anti-drag queen obsession, and Miss Universe 2021 Harnaaz Sandhu sits down with Trevor.

See omnystudio.com/listener for privacy information.

Many things have broken in the last few months during crypto's bear market. However, DeFi didn't break. Dan Morehead and Joey Krug explain why.

Dan founded Pantera in 2003, then pivoted into cryptocurrency in 2013 and went all in on crypto, and is the firm's CEO. Joey joined Pantera in 2017 as co-CIO and is a seasoned builder/investor in the crypto space.

Both repeat Bankless guests and both know more than a thing or two about crypto and investing.

------
📣Rhino.Fi | Massive Mystery Airdrop
https://bit.ly/3o9trRE 

------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------
BANKLESS SPONSOR TOOLS:

🌱 LENS | ACCESS CODE: WAGMI
https://bankless.cc/Lens 

🚀 ROCKET POOL | ETH STAKING
https://bankless.cc/RocketPool 

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum 

🦁 BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave 

🌉 JUNO | BRIDGE FIAT TO LAYER 2
https://bankless.cc/Juno 

⚡️ ZKSYNC | THE LAYER 2 SCALING ENDGAME
https://bankless.cc/zkSync 

------
Timestamps:

0:00 Intro
6:15 The Past Few Months
10:28 Crypto's 2008 Moment
12:40 The Mainstream Media Story
16:45 CeFi vs. DeFi Confusion
21:45 Media Incentives
24:00 DeFi vs. Wall Street
30:45 DeFi is Too Referential Critique
33:38 DeFi Worked Great
37:05 Transparency Thoughts
43:15 2008 Prevented with DeFi?
49:35 Educating Retail
53:39 Was This Surprising?
55:00 Quick Macro Takes
58:20 Closing & Disclaimers

------
Resources:

Dan Morehead
https://twitter.com/dan_pantera 

Joey Krug
https://twitter.com/joeykrug 

DeFi Worked Great
https://panteracapital.com/blockchain-letter/defi-worked-great/ 

Pantera
https://panteracapital.com/ 

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

Chinese real estate executive Serena Shi appears to be living the American dream. She’s wealthy, glamorous, and runs a business showing other Chinese investors how they, too, can cash in on California real estate. When she announces her latest project — a luxury resort she plans to build in Coachella Valley — she quickly nets millions of dollars. There’s just one problem: Her dazzling desert property is nothing more than a mirage.

Please support us by supporting our sponsors!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Last week authorities raided the offices of Germany’s top asset manager DWS Group and its majority owner Deutsche Bank. The raid was spurred by allegations of greenwashing. That is, that DWS had made misleading claims about how sustainable or “green” some of its financial products were. DWS says it denies those allegations and has cooperated with regulators and authorities, but this move has prompted a larger reckoning throughout the financial industry.   

At the centre of much of this is former DWS sustainability officer Desiree Fixler. In this week’s episode we hear from the whistleblower herself, and explore her allegations about her time at DWS. The FT’s Patrick Temple-West also explains what this moment means for the future of environmental, social and governance or ESG investing.   

For further reading:

German police raid DWS and Deutsche Bank over greenwashing allegations

DWS chief resigns after police raid over greenwashing claims

Deutsche banker takes over asset manager in the eye of an ESG storm

Aggregate ESG confusion

On Twitter, follow Patrick Temple-West (@Temple_West)

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

New York Times reporters Jonathan Martin and Alex Burns discuss their reporting process for their book “This Will Not Pass,” share new audio of President Donald Trump and Senator Lindsey Graham, and explain why Jared Kushner got involved in Kanye West’s presidential run. 

See omnystudio.com/listener for privacy information.