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Economist Podcasts

Start spreading the cash: Michael Bloomberg runs for president

Economist Podcasts

The Economist

News, News & Politics

4.35K Ratings

🗓️ 26 November 2019

⏱️ 20 minutes

🧾️ Download transcript

Summary

Michael Bloomberg, the billionaire former mayor of New York, has announced he is running for president. But he is late to join the race and not very popular with Democratic primary voters. We also look at TikTok, a wildly successful video-sharing app, that some see as a threat to security in the Western world. And much of Switzerland is up in arms--about the reliability of the country’s coffee supply. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/radiooffer

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Transcript

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0:00.0

Hello and welcome to the intelligence on Economist Radio. I'm your host, Ed McBride, filling in for Jason Palmer.

0:11.5

Every weekday, we provide a fresh perspective on the events shaping your world. The video sharing

0:18.4

app TikTok has been taking the world by storm.

0:21.6

As a result, its Chinese parent company is valued at $75 billion.

0:26.6

Some American officials see a sinister side to its success,

0:30.6

while other tech firms see a daunting rival.

0:34.6

And Switzerland has maintained a strategic reserve of various foods since the 1920s.

0:41.3

But when the government decided there was no longer any reason to stockpile coffee, ordinary

0:46.3

Swiss dropped their mugs in horror.

0:49.3

First up, though, the field of hopeful's jostling to be the Democrats' nominee for president is already crowded.

1:06.2

What happens in 2020 is going to determine the direction of our country.

1:10.6

Farmers, and everybody here knows it.

1:12.6

Climate change is real.

1:14.6

It is a crisis.

1:15.6

The core values of this nation, our standing in the world, our very democracy,

1:19.6

everything that makes America American is literally at stake.

1:23.6

But the entrance of Michael Bloomberg as a candidate could change the race.

1:28.3

On Sunday, he announced his run via a campaign ad.

1:31.7

It features pictures of him as a Boy Scout, spins the story of him building his media empire,

1:37.6

and extols his 12 years as mayor of New York.

1:40.7

Raising teacher's salaries and kids' graduation rates and creating a more open and livable

1:46.4

city for the millions who call it home.

...

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