Making a Killing with Bethany McLean

John Maynard Keynes, the founder of macroeconomics, thought he knew what his grandchildren would be facing today. He imagined that capitalism would be almost over by now, having simply been a means to greater ends. About other things he was right; about capitalism being over, he was very, very wrong. Today's guest, Malcolm Harris -- editor of The New Inquiry and author of the book Shit is Fucked Up And Bullshit: History Since The E...

The inconvenient truth of oil is that it is still the lifeblood of industrialized nations -- and the price, politics and pollution of it matters. A lot. But one of the funny things about oil is how everyone who dares to make predictions has one thing in common: They’re wrong. In this episode, Bethany talks with Liam Denning, a well-known Bloomberg opinion columnist covering energy, mining and commodities.

Autonomous vehicles, or self-driving cars, are often painted as a utopian-like technology that will save time (no traffic), save lives (no crashes), save money (billions!), and maybe even save the Earth (no emissions). But, as TechCrunch's Kirsten Korosec notes in her recent piece, “Who Will Own the Future of Transportation?” even if autonomous vehicles are eventually deployed en masse, the road to that future promises to be long, ...

Cryptocurrencies are still in their infancy, as it seems most people agree, but it also feels like we’ve reached a tipping point. Even in Crypto Winters when Bitcoin prices crash, undeniably formative companies and global leaders (Starbucks, Microsoft, Visa, Facebook, the entire nation of China!) continue to make significant bets on the space. As we move from a speculative era into today, driven by more and more people investing ti...

If there’s a defining feature of upper income life for people with children, it’s school stress. How do you get your kids into the right preschool so they can get into the right high school so they can go to the best college? Paul Tough’s new book THE YEARS THAT MATTER MOST: How College Makes or Breaks Us, reveals why college, which is supposed to be the great equalizer, has become something that depends on and reinforces class and...

It's easy to take the economic mores of the time in which you live for granted. It's so easy, in fact, that it doesn't occur to most of us to question them. But question them we should. In his new book, TRANSACTION MAN, longtime journalist and Dean Emeritus of the Columbia Journalism School Nick Lemann shows that the beliefs that have shaped our modern world are not inviolable truths, but rather temporary and fragile constructs. In...

Mark Rampolla has been at the forefront of not one, but two industry-making companies. The first was his own ZICO coconut water, which birthed an $8 billion alternative beverage industry. The next saw Mark as an investor in Beyond Meat, which has been leading the plant-based food revolution. In both cases, the pioneering companies were met head on with major challenges. Both companies had to change deeply held biases of their consu...

From the minute her dad took office, Ivanka and her business affairs have been at the center of controversy. Even though Ivanka removed herself from her Ivanka Trump fashion company when she entered the White House as a formal Adviser in 2017, she was forced to close the brand in Summer of 2018 due to continuing questions of conflicts of interest. Brands such as Nordstrom, Neiman Marcus and Gilt dropped her products after a boycott...

Now that cannabis is "legalish" there are a host of new opportunities for emerging businesses and investments... but also a decent amount of playing wait-and-see. Today, pot is legal in 33 states. But it is still illegal at the federal level. From a financial point of view, too, the short history of cannabis stocks is... high and lows! In this fascinating episode, Bethany talks with Jackson Tilley, author of the book Billion Dollar...

The Wall Street Journal headline reads: “Families Go Deep in Debt to Stay in the Middle Class.” In the article, we meet several responsible, educated, well-employed families who are making nearly $150,000 a year… yet going deeper into debt with every paycheck. With, it seems, no way out. This is scary because it’s true, it’s widespread, it’s fundamentally disempowering for families, and it’s only going to get worse. For the last tw...

Bethany sits down with Gillian Tett, Chairman of the Financial Times Editorial Board (U.S.) and a British author. Among many other things, she has a way of looking at the big picture questions and implications of Brexit. In the U.S as in the U.K., we’re watching the daily breakdown of the political norms and processes that we’ve all been used to for the last few decades. Which leads to the biggest question of all: Is there a right ...

One of the questions Bethany has obsessed over in her years of covering big business is this: "What is the line between a visionary and a fraudster?" If any piece of Elon Musk's current empire (Tesla, SpaceX, The Boring Company, etc) works in the long term, he’ll go down in the history books as a visionary. But will the problems he has created, and Tesla’s desperate need for cash, catch up with him? And is the way that his critics ...

In 1996, a prescription opioid known as OxyContin hit the market. It was among the first opioids to be heavily marketed (yes, legally) and since that time, more than 400,000 Americans have died from opioid overdoses—including some 200,000 from prescription opioids. Millions more continue to struggle with addiction, and entire communities have been devastated by the epidemic. Who or what is to blame? Where is the original sin? Looki...

Bloomberg writer Peter Robison conducted more than a dozen interviews with former Boeing employees and FAA inspectors, and went through hundreds of pages of internal emails and records. In a piece entitled “Former Boeing Engineers Say Relentless Cost Cutting Sacrificed Safety” he writes this: “The crisis is best understood as part of a larger drama that’s played out as Boeing has reshaped its workforce in an all-consuming focus on ...

It isn’t a secret that pension funds, which we all rely on to some degree or another to pay for our retirements, are in dire straits. Ready for a scary number? The combined funding deficit of public pension plans in the U.S., across all 50 states, was reported at an alarming $1.28 Trillion in 2017. Thank goodness we have a savior! It’s the private equity business, right? But… what if it’s not true? What if private equity isn't goin...

Bethany talks with WSJ reporter Sahil Patel about the future of Netflix. Netflix is an incredibly aggressive company with a long term plan to monopolize all our time. There is no chilling going on. CEO Reed Hastings often describes Netflix’s business as a virtuous cycle, saying “We get more customers, we get more money, we can afford more content, we get more customers.” But here’s the thing about virtuous circles: They can turn vi...

You don’t name your company "Uber" if you are planning to play by all the rules, make decisions by committee, and be everyone’s friend. But you probably also don’t make it to the top of the tech world by setting everything on fire, just because you can. (You can’t). In this episode, Bethany chats with Mike Isaac, who is in charge of covering Uber for The New York Times. He’s covered the company extensively for the past several year...