How the Palestinian financial system is tied up in Israel
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 23 May 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
After Israel threatened to cut ties between Israeli and Palestinian banks, Treasury Secretary Yellen warned it could worsen the humanitarian crisis in Gaza and create economic instability in the West Bank. We’ll also explain one reason why U.S. military spending is so high, get updates on the AI economy’s hot shot, Nvidia, and the U.S. government’s battle against Big Ticket.
Here’s everything we talked about today:
-
- “Yellen Warns Israel Against Cutting off Palestinian Banks” from The New York Times
- “Yellen concerned about Israel’s threats to cut off Palestinian banks” from Reuters
- VIDEO: “VIRAL MOMENT: Michael Waltz Confronts Air Force Officials With Staggeringly Expensive Components” from Forbes Breaking News
- “Pentagon falling victim to price gouging by military contractors” from CBS News
- “New Bipartisan Bill Allows Military Contractors To Fleece Taxpayers” from The Lever
- “Nvidia dominates in AI, but others are trying to chip away” from Marketplace
- “US sues to break up Ticketmaster and Live Nation in a groundbreaking monopoly lawsuit” from CNN Business
Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks and play a round of Half Full/Ha
Transcript
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| 0:00.0 | Let's do it. |
| 0:02.0 | So silly. |
| 0:07.0 | Hey everybody I'm kind of risel. |
| 0:09.0 | Welcome back to make me smart where we make today makes sense. |
| 0:13.0 | And I'm Kimberly Adams. |
| 0:14.0 | Thank you everyone for joining us on this Thursday, May the 23rd. |
| 0:19.0 | I am a little over-caffinated. |
| 0:20.0 | I apologize in advance. |
| 0:22.0 | If you couldn't tell. I can tell. |
| 0:24.0 | All right, anyway. |
| 0:25.0 | Thursday, we'll listen back to some big stories of the week. |
| 0:28.0 | We've got some audio clips lined up. |
| 0:29.0 | This first one is the Secretary of the Treasury, Jenny Yellen. |
| 0:32.0 | She was at a press conference ahead of the |
| 0:34.3 | G7 finance ministers meeting, also central bank governors meeting today, yesterday, this |
| 0:38.9 | week at some point, and I forget where they are. I think they're in Italy anyway here you go I'm particularly |
| 0:44.5 | concerned by Israel's threats to take action that would lead to Palestinian |
| 0:51.1 | banks being cut off from their Israeli |
| 0:54.3 | correspondent banks. |
| 0:56.8 | So look, the thing you need to know, go ahead. |
| 0:58.6 | You're going to do this one? |
| 0:59.5 | Yeah, sure. |
... |
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