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.
President Biden’s plans to cancel $400 million in student loans are on hold. On Tuesday, the Supreme Court heard arguments on whether the administration had the legal authority to cancel the debt. WSJ’s Andrew Restuccia discusses the arguments for and against the program, and he explains what the decision could mean for borrowers.
Further Reading:
- Student-Loan Borrowers Likely Won’t Know for Months if Debt Will Be Forgiven
- Supreme Court’s Student-Loan Case Will Test Limits of Presidential Power
Further Listening:
- Breaking Down Student Debt Relief
- How Biden Plans to Tackle Student Debt
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The Commerce Department is spelling out its plans to subsidize domestic chip production in order to secure the supply of advanced chips needed for America's modern weapons systems. WSJ’s Yuka Hayashi explains the national security interests in play.
Further Reading:
-Chips Act Is Bounty for Semiconductor Companies—With Many Strings Attached
-Pentagon to Reap Rewards From $53 Billion Chips Act
-Chips Act Will Test Whether U.S. Can Reverse Semiconductor Exodus
Further Listening:
-What's Wrong With the Car Market?
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Earlier this month, a Norfolk Southern train carrying toxic chemicals derailed in Ohio. Concerned about an explosion, authorities evacuated residents and carried out a controlled burn of toxic fumes. Now a report has found the cause of the derailment, but residents say they still have unanswered questions about the environmental impacts. WSJ's Kris Maher reports from East Palestine and Esther Fung discusses what this might mean for the rail industry.
Further Reading:
- What Happened in the Ohio Train Derailment?
- Ohio Train Derailment: Toxic Chemicals and Distrust Remain in East Palestine
- Train-Car Wheel Bearing Overheated Before Ohio Train Derailment, NTSB Finds
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Russia’s war in Ukraine has upended the lives of millions of people. One year into the conflict, we check in with some of the people we have spoken with over the last twelve months to see how their lives have changed.
Further Listening:
- Russia’s Campaign to Leave Ukraine in the Dark
- One Ukrainian Factory Owner Joins the War Effort
- As Russia Invades, Ukrainians Weigh Fight or Flight
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Bitcoin, the nearly $500 billion cryptocurrency, isn't controlled by any one person or company. But there are five mysterious coders that keep it all running. WSJ's Paul Kiernan reports on the "maintainers" behind bitcoin.
Further Reading:
- Bitcoin’s Future Depends on a Handful of Mysterious Coders
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Almost 30 years ago, Anthony Ayers spotted a dusty, wood-panel painting tucked behind an armoire in an antique shop. Over the decades, he and the group of people that helped him buy it have been on a quest to prove it was painted by Renaissance artist Raphael. WSJ’s Kelly Crow reports on a possible break in the case and the technology that brought it about.
Further Reading:
- Is This Painting a Raphael or Not? A Fortune Rides on the Answer
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After new deadly earthquakes hit Turkey and Syria this week, the death toll this month has surpassed 45,000. WSJ’s Sune Engel Rasmussen tells the story of a youth volleyball team that traveled to Turkey earlier this month and how the country’s spotty building codes may have played a role in their tragic fate.
Further Reading:
- A Cypriot High School Volleyball Team Lost 25 Children in the Turkey Quakes
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We’re off today for the holiday, but we still have an episode for you!
In only five years, TikTok has gained millions of fans around the world and become a source of geopolitical tension between the U.S. and China. We spoke to people who witnessed the app’s meteoric rise firsthand: influencers, former workers, and a government official who is concerned about TikTok’s data practices. This episode originally aired in November 2022.
Further Reading:
-TikTok’s Stratospheric Rise: An Oral History
Further Listening:
-Why TikTok’s Under Investigation
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Major layoffs keep making headlines, yet the U.S. is still seeing record low unemployment. WSJ’s Ray A. Smith dives into the mystery in the job market.
Further Reading:
- Mass Layoffs or Hiring Boom? What’s Actually Happening in the Jobs Market
Further Listening:
- The New Layoff: On a Wednesday On Zoom
- What Will the Economy Look Like in 2023?
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What happens when an activist investor sets his sights on one of the biggest media companies in the world? WSJ’s Robbie Whelan on the proxy battle that rattled Disney.
Further Reading:
- How Nelson Peltz and Disney’s Marvel Chief Teamed Up in Proxy Fight
Further Listening:
- The Disney Boss Who Wouldn’t Let It Go
- Why Florida Is Fighting With Walt Disney World
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