The most important stories about money, business and power. Hosted by Ryan Knutson and Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.
Get show merch here: https://wsjshop.com/collections/clothing
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The most important stories about money, business and power. Hosted by Ryan Knutson and Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.
Get show merch here: https://wsjshop.com/collections/clothing
Copyright: Copyright © Dow Jones & Company, Inc. All rights reserved.
An economic downturn in China has resulted in historically high youth unemployment. At the same time, China’s leader Xi Jinping thinks the countryside is in need of rejuvenation. WSJ’s Brian Spegele explains how the Chinese leader is trying to tackle both issues in one fell swoop.
Further Reading:
-China Has an Idea for Its Legions of Unemployed Youth: Send Them Away
-How Bad is China’s Economy? Millions of Young People Are Unemployed and Disillusioned
Further Listening:
-Why Millions of Chinese Young People Are Unemployed
-China’s Property Market Crisis
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The trial of Sam Bankman-Fried is over. Rachel Humphreys and Caitlin Ostroff reflect on their month at court and answer outstanding questions about what happened at FTX, the trial and what comes next. Plus they reveal the final court cafeteria coffee tally.
Further Reading:
- Smoked Fish, Shaggy Hair and Tears: 8 Unforgettable Moments From Sam Bankman-Fried’s Trial
Further Listening:
- The Trial of Crypto’s Golden Boy
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Former Meta engineer Arturo Bejar thought he could help make Instagram safer after his daughter experienced harassment on the platform. But Bejar said that his concerns were not sufficiently addressed by senior leadership at the company and that teens are still at risk for harassment and bullying on Meta's platforms.
Further Listening:
Further Reading:
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Oregon became the first state to decriminalize all drugs in 2020. The goal was to steer people to treatment who otherwise might have faced jail time. WSJ’s Zusha Elinson explains why many in Oregon have since turned against the decriminalization initiative.
Further Reading:
- Oregon Votes to Decriminalize All Drugs, Allow Psilocybin for Mental-Health Treatment
Further Listening:
- The Highs and Lows of Diversifying the Cannabis Industry
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WeWork, the office space coworking company, filed for bankruptcy yesterday. The company’s decision comes after it struggled with debt and a slump in the commercial real estate market. WSJ’s Eliot Brown recounts how the embattled startup ended up in bankruptcy.
Further Listening:
-WeWork’s CEO on the Future of Work
Further Reading:
-Adam Neumann Wounded WeWork. An Office Market Bust Finished It Off.
-WeWork, Once Valued at $47 Billion, Files for Bankruptcy
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Home buyers and sellers face the prospect of major changes to the ways they pay their real-estate agents, following a historic verdict against the National Association of Realtors and large residential brokerages. WSJ’s Laura Kusisto explains the stakes.
Further Reading:
-The Way You Pay to Buy or Sell a Home Is About to Change
-Jury Finds Realtors Conspired to Keep Commissions High
-Real-Estate Commissions Could Be the Next Fee on the Chopping Block
Further Listening:
-Homeowners Don’t Want to Sell. So Builders Are Cashing In.
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Brothers Ben and Max Morrissey were killed over a year ago by an explosion at their workplace, an oil refinery co-owned and operated by the oil giant BP in Ohio. WSJ's Jenny Strasburg talks to family members the brothers left behind and investigates what went wrong at the refinery.
Further Reading:
-He Feared His Refinery Job. His Brother Stayed to Help. The Explosion Hit at 6:46 P.M.
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A jury convicted FTX founder Sam Bankman-Fried of stealing billions of dollars from customers and lenders, in what prosecutors called one of the biggest financial frauds in U.S. history. Rachel Humphreys and Caitlin Ostroff were inside the courtroom for the verdict.
Further Reading:
- What’s Happening Today at the Sam Bankman-Fried Trial
Further Listening:
- The Trial of Crypto’s Golden Boy
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Meta, the parent of Facebook and Instagram, will soon find out how much users in Europe are willing to pay to access its social media platforms without ads. Meta’s subscription plan is the company’s latest move to address data privacy concerns from European Union regulators. WSJ’s Sam Schechner explains.
Further Reading:
- Meta Pauses Ads for Users Under 18 in Europe as It Rolls Out Subscriptions
- Meta Plans to Charge $14 a Month for Ad-Free Instagram
Further Listening:
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Both the prosecution and the defense make their final pitches to the jury as FTX founder Sam Bankman-Fried’s trial comes to a close. Rachel Humphreys and Caitlin Ostroff unpack closing arguments and look ahead to the trial’s conclusion.
Further Reading:
- What’s Happening Today at the Sam Bankman-Fried Trial
Further Listening:
- The Trial of Crypto’s Golden Boy
Learn more about your ad choices. Visit megaphone.fm/adchoices