The Intelligence: Sam Bankman-Fried convicted
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 3 November 2023
⏱️ 31 minutes
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Summary
From can-do-no-wrong wunderkind to one of the biggest fraudsters in the history of finance: we look at Sam Bankman-Fried’s fall and conviction, and what it has done to the wider cryptocurrency industry. The evident successes of IVF treatment mask many disappointments; how to improve both outcomes and accessibility (13:15)? And take note, y’all: generational change is affecting America’s southern accent (22:14).
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Transcript
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| 0:00.0 | Rising inflation, looming recession. |
| 0:03.0 | In tough market conditions, the pressure is on the C-Suit to secure growth and stay profitable. |
| 0:08.0 | And for two decades, Fortune 500 and Global 2,000 companies have turned to GEP for results. |
| 0:15.0 | GEP's comprehensive portfolio of procurement and supply chain solutions helps business |
| 0:20.0 | leaders reduce costs, improve performance, and boost profitability. |
| 0:24.8 | GEP, helping the world's best companies do better. |
| 0:28.4 | Visit GEP.com. The Economist Hello and welcome to the intelligence from the economist. I'm Oura Ogunbeee. |
| 0:47.0 | And I'm Jason Palmer. Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:56.8 | In vitro fertilization, or IVF, has helped millions of people have children who otherwise couldn't. But if the tech were cheaper and |
| 1:05.1 | more accessible, it would help millions more. Could change beyond the horizon. |
| 1:12.3 | And let me tell y'all a little something about the southern accent. |
| 1:15.3 | It's changing. |
| 1:16.4 | Our language columnist looks into the generational and geographic shifts in vowel sounds |
| 1:21.3 | that are affecting a familiar drawl. |
| 1:49.0 | First up, though. Not so long ago, the perception of the cryptocurrency exchange, FTX, was as the business that would bring crypto to the masses. |
| 1:51.3 | A glossy little glimpse of the future packaged up in pricey |
| 1:54.7 | Super Bowl adverts featuring stars like a comedian Larry David. |
| 1:58.4 | Like I was saying, it's FTX. It's a safe and easy way to get in the crypto. |
| 2:02.4 | Yeah, I don in the crypto. |
| 2:03.0 | Yeah, I don't think so. |
| 2:05.0 | And I'm never wrong about this stuff. Never. |
| 2:08.0 | Funnily enough, he wasn't wrong. |
... |
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