Andrea-Thanks again for your feedback. I think I have done what I can while at the same time trying to respect her privacy and independence. I get the feeling she knows what she wants to do, but is preparing for the right time for her. Thanks again.
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Note: This American Life is produced for the ear and designed to be heard. If you are able, we strongly encourage you to listen to the audio, which includes emotion and emphasis that's not on the page. Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio before quoting in print. Prologue: PrologueIra Glass When Amy and her dad were loading her mom into the car, Amy didn't think this would be the very last time her mom would go to the hospital. But her dad did. In fact, he called a priest, a priest who Amy's mom, Janet, was friends with, to hear her mom's confession and administer last rights, just in case. Her mom had been diagnosed with cancer two years before, and Amy says it was clear she didn't have much time left.
The Bell Curve is a strange work. Some of the analysis and a good deal of the tone are reasonable. Yet, the science in the book was questionable when it was proposed a century ago, and it has now been completely supplanted by the development of the cognitive sciences and neurosciences. The policy recommendations of the book are also exotic, neither following from the analyses nor justified on their own terms. The book relies heavily on innuendo, some of it quite frightening in its implications. The authors wrap themselves in a mantle of courage, while coyly disavowing the extreme conclusions that their own arguments invite. The tremendous attention lavished on the book probably comes less from the science or the policy proposals than from the subliminal messages and attitudes it conveys.
Confronting internet shutdowns should be an integral part of supporting democracy and human rights across borders. To that end, democratic states, together with local and international civil society organizations and technology developers and companies, should pursue a multifaceted strategy to counter shutdown trends. This strategy should focus on advance preparation, such as encouraging citizens to mass download censorship-resistant VPNs ahead of specific windows of risk; prioritize user accessibility to facilitate scaling up (recognizing that the more steps required to install VPNs or circumvention technology, the less likely it is that individuals will actually use the software); employ nontechnological strategies to complement digital solutions; and raise the costs for governments and private companies to continue implementing shutdowns.
Thank you Kassia for your thoughts. It has really caused me to think more about these types of assessments. I think that it is important that they occupy their proper place. I think that maybe it can give us preliminary information about a kids math knowledge, but to use it to recommend specific interventions is not helpful. I have really never had a kid who had a great result on the STAR (the assessment we use) and not been a pretty strong math student. Likewise, a student who performs quite poorly generally is in need of some assistance, although the recommendations given have to be taken with a large chunk of salt. I am not sure that dehumanizing is the right word to use, however. That seems a bit strong and maybe should be reserved for much more severe situations than a math screener.
They just revealed what they believe are the ten best stocks for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Jason Moser: I'm making a mental note here. I feel like after the show we need to establish a Powell pivot Twitter feed because it's just too good. I mean, you can just go so many different directions. That was the headline we all wanted to see. Inflation easing better than expected. The market's performance this week has been mind-bending at times. I think that's great. I think Ron made a lot of good points there in regard to potentially we're seeing inflation starting to ease in a more persistent fashion. You look at the prices that exclude food and energy, for example, that core inflation that policymakers see is more reflective of the trend that was up just 0.3 percent from September versus an expectation of 0.5 percent. We are seeing data from Zillow and CoreLogic that shows that rent prices are coming down in even property management software accompany RealPage. They reported that apartment rents fell 0.6 percent in October from September. That's the third largest drop it's recorded since 2010. Those are also very encouraging signs. But you look back in history here just a few months ago, I mean in August, we had the same thing play out. Better-than-expected inflation in the market received the news very positively the following month, we went back to inflation, back on the rise. I'm hopeful that this is the beginning of a more long-term trend. But I think he got to take it with brain and soul.
Chris Hill: Agreed. I don't think any economic conversation or recession conversation is complete without talking about the labor markets, especially in this environment, labor market remains strong. Unemployment's sitting at 3.7 percent only that's pretty darn good. Which also maybe pretty darn bad depending on what your point of view is. But we do have some indication that it's softening. I think layoffs are certainly accelerating technology and financial sectors. I think we're seeing that I feel like the cutting in the financial sector is more cyclical and typical while the tech sector is really reacting to, I think I'll use the word bubble, the bubble that occurred over the last few years and the over-hiring that resulted and it's just necessary to pair that back, as costs are too high and companies need to right-size their business a little bit to get their profitability of where they want it to be. A little bit additional softness in the labor market is probably necessary to get the Fed where they want to be.
Ron Gross: That doesn't sound that good. But he said the business is still on track to reach profitability in fiscal 2024. Very important for us to watch that, to see if he sticks to that, because if he doesn't, then the hot-seat gets even hotter. They've got some changes, coming price increases to some Disney Plus packages and new ad supported subscription tier taking place in December. Higher prices could backfire though will need to watch that carefully. Management does have plans to make cuts to marketing and content budgets. I think that's necessary. The one bright spot was a 36 percent increase in revenue from theme parks, where Chapek comes from. Disney said the full-year results from the theme parks set all-time records for the company in both the revenue and operating income. As I said, the media division was weak, that's ABC, ESPN was a bit weak there. Overall companywide revenue up nine percent adjusted earnings actually down 19 percent. Guidance was disappointing, 20 times forward earnings. I think earnings are going to actually get better, so it will be even better than 20 times forward earnings. I'm not selling my shares at all. I'm going to let the company do what they do.
Anjee Solanki: We're going to still see, of course, the grocery spend, many buying to have parties at home, friends and family at home. People are really much more, I think, open to seeing one another and more of a large family format or a family and friends format. I think the spend is going to occur. We are going to see, I think, a soft peak as it relates to in-house decorations, more on the smaller sales still, HomeGoods is going to do well, all the TJX brands, of course, are going to do quite well in that category because they're grab and go, they're fun, they're playful, and from the consumer's perspective, if they're spending call it $10-20, in their mind they feel like, oh, that's doesn't seem too out of scale. However, if they compound that with quite a bit of items, it can shift. But we're starting to see that, and also what's fascinating to me, I don't know if you've picked this up but Walmart is doing these amazing commercials, really more touching that spirit of family and getting together, really driving, I would say, that subliminal message of, hey, it's time to get together as a group. Well, those things also spark. Well, if we're going to do that we're going to spend. The Dollar Trees, the Walmarts more those value oriented where you can grab-and-go, little tabletop accessories, etc, and then of course, on the grocery side for the holiday dinners.
Rachel Warren: It is fascinating to see how these trends are shaping up as we approach the holiday season. Another thing that's come to the forefront that I think investors think about as well is this idea of, especially, big retailers potentially discounting items as a means of lowering an inflation, and of course, that makes sense from the business perspective but there's also the fear of how could that impact the top and bottom lines. What are you seeing from your position right now?
Rachel Warren: As we got to the end of our time together today, I think there's one key question for investors that are looking at the retail space right now, that are looking at some of these companies in different ways to play this landscape. What are some of the most prominent tailwinds or trends that you can see as driving the retail landscape in 2023 and beyond and how can we track the health of this space?
Ron Gross: I think it will cut costs marginally. But listen, I took a cruise once I liked the midnight bacon as much as the night crack. But it's not healthy and three entrees isn't healthy either, so maybe they're doing a public service to all of us by limiting our intake. But yes, I think it will cut costs. They're doing other things to their lobster dinners and some other cost-cutting measures. On the margins I think it will help. 2ff7e9595c
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