Friday, July 29th, 2022

Morning Announcements

Betches

News, Daily News, Politics, News Commentary

4.7 • 1.7K Ratings

🗓️ 29 July 2022

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's headlines: A G.D.P. report shows that the U.S. Economy has shrunk again, while Democrats in the House are preparing legislation that would ban stock trading by Congress. Then, the DOJ said Wednesday that a Pennsylvania mortgage company owned by Warren Buffet discriminated against potential Black and Latino homebuyers. Finally, judges in both Wyoming and North Dakota temporarily blocked the states’ abortion bans, and the Biden Administration is urging the FDA to approve MDMA and psilocybin within the next two years as potential therapies for PTSD and depression. Resources/Articles mentioned this episode: NY Times: G.D.P. Report Shows U.S. Economy Shrank Again Business Insider: Democrats planning legislation to ban stock trading in Congress after Insider exposed widespread wrongdoing AP News: DOJ: Buffett company discriminated against Black homebuyers The Intercept: BIDEN ADMINISTRATION PLANS FOR LEGAL PSYCHEDELIC THERAPIES WITHIN TWO YEARS Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today is Friday, July 29th, and you're listening to the Morning Announcements presented by
0:06.9	Betches Media.
0:07.9	I'm Sammy Sage, and this episode is brought to you by Best Fiends.
0:11.7	Best Fiends is a free-to-download mobile puzzle game with thousands of exciting levels
0:16.0	for new adventures and challenges every time you play.
0:24.2	Big Finance News Day today First off, we have the recession.
0:28.3	Will we or won't we?
0:30.0	The economy got her second quarter grades back yesterday, and GDP, which is arguably the
0:34.8	most key indicator of a recession, fell 0.2% in Q2, for the second quarter in a row.
0:41.8	Most economists still think that the economy does not meet the formal definition of a recession.
0:46.6	They say that the question of a recession is based on a broader set of indicators, including
0:50.4	measures of income, spending, and employment, and the GDP data will be revised several
0:55.4	times in future months.
0:57.4	These economists are basically just like every man on the bachelor bugging for a second
1:00.9	chance.
1:01.9	Really quick career change by meep ball here.
1:07.2	Now onto our Plutocratic overlords in Congress.
1:10.6	Democrats in the House are preparing legislation that would ban stock trading by Congress,
1:14.7	to potentially be up for a vote in September.
1:17.4	After Nancy gets back from the House in Napa.
1:19.9	The ban would not allow stock trading for members of Congress, their spouses, and senior
1:24.0	staff members, all of whom would have to choose between putting their assets in the
	...

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