Bathtub of Damocles

We start this week easy as one of our hosts reports from wonderfully peculiar city of New Orleans. Then Congressman Mike Gallagher (R-WI) joins to discuss the coming cyberwars and he and James exchange words about football. Then Zachary Karabell joins to talk about his newest book: Inside Money: Brown Brother’s Harriman and the American Way of Power, a history of the legendary private investment firm Brown Brothers Harriman, exploring its central role in the story of American wealth and its rise to global power. And the guys contemplate what’s changed with the latest ceasefire in Israel.

Update: this week’s Lileks Post of The Week is Brooding Over Cicadas? Just Eat Them. The UN Says So by @KellyDJohnston.

Music from this week’s episode: Dirty Computer by Janelle Monáe

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There are 35 comments.

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  1. Blue Yeti Admin
    Blue Yeti
    @BlueYeti

    Charlotte (View Comment):

    Couldn’t finish the segment with Zachary Karabell. Too much vocal fry. Is he a sixteen-year-old girl? For heaven’s sake.

    I don’t know what “too much vocal fry” means.

    • #31
  2. Henry Racette Moderator
    Henry Racette
    @HenryRacette

    Blue Yeti (View Comment):

    Charlotte (View Comment):

    Couldn’t finish the segment with Zachary Karabell. Too much vocal fry. Is he a sixteen-year-old girl? For heaven’s sake.

    I don’t know what “too much vocal fry” means.

    Talkative baby salmon.

    (It was driving me crazy, too.)

    • #32
  3. kedavis Coolidge
    kedavis
    @kedavis

    Blue Yeti (View Comment):

    Charlotte (View Comment):

    Couldn’t finish the segment with Zachary Karabell. Too much vocal fry. Is he a sixteen-year-old girl? For heaven’s sake.

    I don’t know what “too much vocal fry” means.

    You could also ask @jameslileks he knows.

     

     

    • #33
  4. RufusRJones Member
    RufusRJones
    @RufusRJones

    Some may find this interesting.

    The enormous flaws in today’s monetary system are exposed by by contrasting the bailouts lavished on AIG’s counterparties with Colonial Pipeline’s annual revenue.  The US would have been much better off if the entire market for mortgage derivatives never existed.  It was mortgage derivatives that allowed what would have been a collapse in the housing market to metastasize into a world altering economic calamity.  Not only was the trade in mortgage CDS completely unnecessary in any positive sense, it became destructive to the country’s capital structure and wealth producing capacity.  The parasitic nature of Wall Street’s mortgage CDS trade notwithstanding, the Fed lavished tens of billions of dollars on the companies taking part in it.

    http://www.the92ers.com/blog/aig-and-colonial-pipeline-everything-wrong-todays-economy-microcosm

     

     

     

     

     

    • #34
  5. WilliamDean Coolidge
    WilliamDean
    @WilliamDean

    Nanocelt TheContrarian (View Comment):

    In fact, when the Cajuns came to New Orleans they were not welcomed…

    That’s putting it lightly.

    • #35
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