The Mega Corporations That Control What Americans Eat
Walk into a grocery store today and there are seemingly endless shelves of product to choose from. But behind all those different options are a handful of agricultural giants that have grown to dominate the food industry. Companies like Walmart and Cargill are well-known at this point, but there ar…
Sal Mercogliano on the Baltimore Bridge Collapse
On March 26th, a massive container ship called the Dali ploughed into Baltimore's Francis Scott Key Bridge, a major overpass just outside the city's port. The collision caused the bridge to dramatically collapse, sparked a search and rescue mission for survivors. It also cut off a busy shipping lan…
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The Economist Who Believes AI Will Be Great for the Middle Class
AI is an incredibly exciting space, provoking both great wonder and fear. One of the big worries obviously is: What will happen to everyone's job? Will it make more people's livelihoods obsolete, causing even greater inequality than we have now? On this episode, we speak with an economist who argue…
Lots More on the Big Can Kick in Commercial Real Estate
Last year, we spoke with Rich Hill, head of real estate strategy and research at Cohen & Steers, about where stress was building in the $20 trillion market for commercial real estate. Fast forward to today and the doomsday scenario in commercial real estate just hasn't played out like a lot of peop…
Why Home Insurance Markets in California and Florida Imploded
In recent years, we've seen home insurance premiums soar by historic amounts. Not only have prices gone up, but in some instances, we've seen national carriers simply announce that they're abandoning certain states. So, what's behind the mess? Why isn't competition causing markets to come into bala…
How the US Dollar Became an International Weapon of War
After Russia's invasion of Ukraine, the US took a number of extraordinary steps to cut Moscow out of the international financial system. The country immediately was hit with a slew of sanctions. It was cut off from the SWIFT payment system and it even had its dollar reserves seized. Prior to that, …
Why the UAE Is Pumping $35 Billion Into Egypt
The United Arab Emirates recently unveiled a stunning $35 billion investment in Egypt, snapping up development rights in an area on the Mediterranean coast. The announcement has since paved the way for Egypt to float its currency, easing a currency crisis that's been going on for years now and pavi…
Industrial Policy and the Forgotten Side of Alexander Hamilton
Thanks to the blockbuster musical, Alexander Hamilton has become a modern cultural icon. He's known as an architect of the federal system, building out a strong government with the capacity for both borrowing and spending. But there's another side of his vision that doesn't get as much attention, a…
Why We're Now Living in The Golden Age of Snack Food
Want some Doritos? For years, you might have only been able to get one or two snack chip flavors. But right now on Amazon, you can find numerous varieties, from barbecue to nacho cheese, spicy sweet chili, or Late Night Loaded Taco. And this is really just scratching the surface. There are now doze…