SPAClash: the buzz and the bust
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 27 April 2021
⏱️ ? minutes
🧾️ Download transcript
Summary
Special-purpose acquisition companies offer a novel way for companies to list on stockmarkets. We look behind the buzz, and something of a recent bust, to discover why they are a useful innovation both for investors and markets. President Jair Bolsonaro wants every Brazilian citizen to have a gun—especially his supporters. And a visit to the world’s largest magazine archive.
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. |
| 0:07.0 | I'm your host, Jason Palmer. |
| 0:09.0 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:17.0 | Brazil's relationship with guns goes back a long way. |
| 0:21.0 | Titaning ownership laws led to fewer shootings, |
| 0:24.0 | but President Jair Lozonardo wants to loosen them again |
| 0:27.0 | so that all Brazilians can have a gun, especially those that support him. |
| 0:32.0 | And we pay a visit to the world's largest collection of magazines, |
| 0:37.0 | a jumbled floor-to-ceiling warehouse packed with periodicals, |
| 0:41.0 | each full of cultural tidbits that would otherwise be lost to history. |
| 0:45.0 | But first... |
| 1:00.0 | The Basketball Titan, Shaquille O'Neal, has won. |
| 1:03.0 | So does baseball legend A-Rod and the singer Sierra, too. |
| 1:07.0 | For the first part of this year, they've been one of the busiest bets on Wall Street. |
| 1:12.0 | The SPAC craze is continuing unabated. |
| 1:14.0 | SPACs are just overwhelming the traditional IPO market this year. |
| 1:18.0 | There's a SPAC every day. If it's a Wednesday, there's a SPAC. |
| 1:21.0 | That's true. |
| 1:22.0 | There's a SPAC. |
| 1:23.0 | Blank check, Bonanza, or SPAC a Paloosa. |
| 1:25.0 | SPAC, SPAC, SPAC, SPAC, SPAC. |
| 1:27.0 | I don't think you can get through a block without talking about it. |
... |
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