Aug 11, 2017

08/11/2017: America the protectionist

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Donald Trump won the presidency in part on the idea that the United States isn't getting its fair share of the global economic pie. The slogan "America First" more or less boils down to protectionism. Now, the Trumpian approach to global trade might feel like a departure from recent history. But the American industrial economy has its roots in protectionism, all the way back to Alexander Hamilton. We'll talk about it in the second installment of our series "Trade Off." Plus, the latest on SoundCloud's financial troubles, and we try to fit a wild week of news into five minutes of live radio. 

Segments From this episode

The protectionist tendencies in today's political climate actually have roots reaching back to Alexander Hamilton.
Ken Garduno, Illustrator

Dealing with identity theft can cost you — but should it?

Aug 11, 2017
We often talk about cyber security as a way to prevent other people from accessing your personal information, but what can you do if the worst actually happens? That’s what David Lazarus had to find out after someone used his social security number. Lazarus, who writes the Consumer Confidential column for the LA Times (and […]
President Trump speaks during a security briefing Thursday at his golf club in Bedminster, New Jersey.
NICHOLAS KAMM/AFP/Getty Images

Financial industry determined to kill the Fiduciary Duty Rule finds a profit line

Aug 11, 2017
Shouldn’t the person telling you what to do with your retirement accounts be legally required to act in your best interest? Sounds simple enough, but regulation to that affect has long been resisted by the financial industry. The Obama administration pushed for the so-called Fiduciary Duty Rule, but this week the Labor Department sought to […]

SoundCloud’s singing a new song after investors inject emergency cash

Aug 11, 2017
Online audio platform SoundCloud, a favorite of indie musicians, has been struggling to stay afloat financially. Last month, it laid off 40 percent of its staff, and the company has been urgently seeking a reported $170 million cash injection to keep going. Today it got that emergency investment approved by shareholders. As part of that […]

Donald Trump won the presidency in part on the idea that the United States isn’t getting its fair share of the global economic pie. The slogan “America First” more or less boils down to protectionism. Now, the Trumpian approach to global trade might feel like a departure from recent history. But the American industrial economy has its roots in protectionism, all the way back to Alexander Hamilton. We’ll talk about it in the second installment of our series “Trade Off.” Plus, the latest on SoundCloud’s financial troubles, and we try to fit a wild week of news into five minutes of live radio. 

Music from the episode

Sooner or Later Arms and Sleepers
My Shot Lin-Manuel Miranda, Anthony Ramos, Daveed Diggs, Okieriete Onaodowan, Leslie Odom Jr., Original Broadway Cast of Hamilton