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Oil, AI, Jeans, and Tickets | Weekly Recap
Episode 60
Published 2 months, 2 weeks ago
Description
The world is running on a deficit, and the bill is coming due. In this week’s Friday Recap of The Wealth Effect, we break down a global energy market pushed to the brink. With the Strait of Hormuz effectively a ghost town, oil has spiked past $119, forcing a historic 400-million-barrel "Hail Mary" from the IEA. but is it enough to stop a "bullet wound" with a Band-Aid? We explore the ripple effects from industrial rationing in India to the skyrocketing fertilizer costs threatening your next grocery bill.
Also in this episode:
- The Silicon Valley Standoff: Why the Trump administration just blacklisted Anthropic—an American AI powerhouse—and what it means for the future of "ethical" tech and military contracts.
- The Ticketmaster "Slap on the Wrist": The DOJ reached a surprise settlement, but 20 states are still ready for war. Is the monopoly actually over, or just getting a new coat of paint?
- Amazon’s Reality Check: After AI-generated code crippled the site, the era of "ship fast and fix later" is officially on a 90-day hiatus.
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