Long division: America’s busy state legislatures
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 9 February 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
America’s Congress may be gridlocked, but its state legislatures certainly aren’t. The laws they’ll pass this year will probably impact more people more directly than anything Congress does, with just a fraction of the public attention. Why things are looking up for Meta. And reflecting on the legacy and achievements of Pervez Musharraf, Pakistan’s former president.
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence from the Economist. |
| 0:07.4 | In New York, I'm John Fassman. |
| 0:10.5 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:18.8 | In 2022, Mark Zuckerberg's social media empire, Metta, announced its first-ever year-on-year |
| 0:25.3 | declines in quarterly revenue. But this year, thanks to improvements in AI capacity and |
| 0:30.8 | some clever cost-cutting, things are looking up. |
| 0:35.6 | And Pervez-Musharov spent seven years as president of Pakistan becoming one of America's |
| 0:40.8 | staunchest allies in George W. Bush's war on terror. |
| 0:45.0 | He died in exile on Sunday. |
| 0:47.4 | Our Asia editor reflects on his legacy. |
| 0:55.9 | But first... |
| 1:03.9 | Our $227 billion budget will include unprecedented investments in areas that will make a positive |
| 1:10.5 | impact in people's lives. |
| 1:14.4 | Last week, New York's Democratic governor, Kathy Hocal, proposed a deep blue budget. |
| 1:20.7 | With tax hikes on big companies, lavish spending on climate and measures intended to curb |
| 1:26.8 | gun crime. |
| 1:28.6 | We're going to continue to protect it and try the basic rights that we cherish here in |
| 1:32.7 | New York as other states lie backwards. |
| 1:35.5 | We will be nation-leading and the nation expects that. |
| 1:39.4 | They do look to us. |
| 1:40.6 | Meanwhile, Ron DeSantis, Florida's governor and a possible 2024 presidential candidate, |
| 1:46.2 | did the opposite. |
... |
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