The Baltimore Bridge Catastrophe
The Journal.
by The Wall Street Journal & Gimlet
15h ago
Early Tuesday morning, a 1,000-foot container ship lost power and plowed into the Francis Scott Key Bridge leaving six people still unaccounted for. The bridge collapsed, cutting off the port and a major traffic artery for Baltimore. WSJ’s Cameron McWhirter discusses the potential impact of the collapse on the local community and the wider region. Further Reading: -Baltimore Bridge Crash Investigators to Examine Whether Dirty Fuel Played Role in Accident  -Bridge Collapse Resets U.S. Supply Chains  -How a Night Shift on Baltimore Bridge Turned Deadly  Learn more about your ad c ..read more
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What Will Sam’s Sentence Be? from "The Trial of Crypto’s Golden Boy"
The Journal.
by The Wall Street Journal & Gimlet
15h ago
Caitlin Ostroff and Rachel Humphreys dive into a mountain of court filings to understand the arguments that will be made at Sam Bankman-Fried’s sentencing hearing. His defense team is arguing for a 6-year sentence, but the government thinks Bankman-Fried should serve 40 to 50 years. Which side will win out? Further Listening: - The Trail of Crypto’s Golden Boy  Further Reading: - Sam Bankman-Fried Faces Lengthy Sentence-And Long Odds On Appeal  Learn more about your ad choices. Visit megaphone.fm/adchoices ..read more
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Will Getting Rid of Bosses Fix the Workplace?
The Journal.
by The Wall Street Journal & Gimlet
15h ago
Bayer is throwing out the corporate playbook to try a radical experiment: getting rid of a huge swath of its bosses. After years of tumbling stock prices, the company has decided to give workers more decision-making power. WSJ's Chip Cutter talks about how this boss-less plan is being implemented among Bayer's 100,000 employees. Further Reading: -One CEO’s Radical Fix for Corporate Troubles: Purge the Bosses  -The Boss Wants to Make You More Efficient  Further Listening: -The New Layoff: On a Wednesday On Zoom  -The End of the GE Era  Learn more about your ad choices. Vis ..read more
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Sam's Life in a Brooklyn Jail from "The Trial of Crypto's Golden Boy"
The Journal.
by The Wall Street Journal & Gimlet
15h ago
We’re back for Sam Bankman-Fried’s sentencing. After the crypto golden boy was found guilty on all counts in November, this week he’ll find out how long he will serve in federal prison. Caitlin Ostroff and Rachel Humphreys get an insight into Bankman-Fried’s life for the past few months, from unappetizing prison food to tutoring inmates. Further Listening: - The Trial of Crypto’s Golden Boy  Further Reading: - Sam Bankman-Fried’s Life Behind Bars: Crypto Tips and Paying With Fish  Learn more about your ad choices. Visit megaphone.fm/adchoices ..read more
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Sam's Life in a Brooklyn Jail from "The Trial of Crypto's Golden Boy"
The Journal.
by The Wall Street Journal & Gimlet
3d ago
We’re back for Sam Bankman-Fried’s sentencing. After the crypto golden boy was found guilty on all counts in November, this week he’ll find out how long he will serve in federal prison. Caitlin Ostroff and Rachel Humphreys get an insight into Bankman-Fried’s life for the past few months, from unappetizing prison food to tutoring inmates. Further Listening: - The Trial of Crypto’s Golden Boy  Further Reading: - Sam Bankman-Fried’s Life Behind Bars: Crypto Tips and Paying With Fish  Learn more about your ad choices. Visit megaphone.fm/adchoices ..read more
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Why the U.S. Government Is Suing Apple
The Journal.
by The Wall Street Journal & Gimlet
3d ago
The Department of Justice announced a landmark lawsuit against Apple, alleging that it has built a monopoly in smartphones by thwarting innovative apps and accessories that would make users less dependent on Apple’s technology. WSJ’s Tim Higgins breaks down the lawsuit and what it could mean for the company and its CEO Tim Cook.  Further Reading: - Ghost of Microsoft Stalks Apple as DOJ Takes Its Shot  - Monopoly Case Pits Justice Department Against Apple’s Antitrust Winning Streak  Further Listening: - One Company’s Quest to Burst Apple’s Blue Bubble Texts  Learn more a ..read more
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Trump Needs $450 Million He Doesn’t Have
The Journal.
by The Wall Street Journal & Gimlet
3d ago
Donald Trump’s finances are under stress. He faces a $454 million judgment against him in a civil-fraud case. Meanwhile, his campaign fundraising is trailing President Biden’s. WSJ’s Peter Grant unpacks the developments and a potential windfall for Trump. Further Reading: -Trump Is in a Race Against Time to Protect His Fortune  -Trump Makes a New Fortune With Truth Social Listing  Further Listening: -Biden vs. Trump: The Rematch Nobody Wants  Learn more about your ad choices. Visit megaphone.fm/adchoices ..read more
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Trump Needs $450 Million He Doesn’t Have
WSJ The Journal
by The Wall Street Journal & Gimlet
5d ago
Donald Trump’s finances are under stress. He faces a $454 million judgment against him in a civil-fraud case. Meanwhile, his campaign fundraising is trailing President Biden’s. WSJ’s Peter Grant unpacks the developments and a potential windfall for Trump. Further Reading: -Trump Is in a Race Against Time to Protect His Fortune  -Trump Makes a New Fortune With Truth Social Listing  Further Listening: -Biden vs. Trump: The Rematch Nobody Wants  Learn more about your ad choices. Visit megaphone.fm/adchoices ..read more
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Can Reddit’s IPO Survive Its Own Users?
WSJ The Journal
by The Wall Street Journal & Gimlet
1w ago
The social-media platform Reddit is making its stock-market debut Thursday and is offering a chunk of shares in its initial public offering to users, who are the lifeblood of its operations. But those same passionate users could cause trouble for the company. WSJ's Corrie Driebusch explains, and a moderator for the popular Reddit forum WallStreetBets weighs in. Further Reading: - Reddit Fueled Meme-Stock Mania. Now Its CEO Is Overseeing His Own Company’s IPO.  - They’re Reddit Die-Hards. Do They Want to Be Shareholders, Too?  - Reddit Eyes Valuation of Up to $6.5 Billion in IPO  ..read more
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How Two Binance Employees Ended Up Detained in Nigeria
WSJ The Journal
by The Wall Street Journal & Gimlet
1w ago
Two Binance employees, Tigran Gambaryan and Nadeem Anjarwalla, are being held by Nigerian authorities in a guarded house. According to their families, they haven’t been charged with any crimes. WSJ’s Caitlin Ostroff explains how the two men ended up there and why crypto is being blamed for a country’s currency collapse. Further Listening: - The Fall of (Another) Crypto King  - A Crypto Exchange Crackdown  - The Rise of Binance – And the Effort to Reel It In  Further Reading: - Crypto Gets Blamed for a Real-Life Currency Crisis  - Binance Employees to Remain in Custody in ..read more
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