Stock market sees notable crashes: here’s what to know about its potential impact
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world. The S&P 500 was down by 3.1% in morning trading and on track for its worst day in nearly two years. Japan’s Nikkei 225 helped start Monday by plunging 12.4% for its worst day since the Black Monday crash of 1987. The drops were just the latest in a sell-off that swept the Earth. This economic shakeup has many wondering if worries of a recession are resurfacing, and more importantly how working people might get impacted by all this. So what should people know about the crash and what it means for their everyday lives? Joining us to break this down is William Lee, chief economist of the Milken Institute, an independent think tank based in Santa Monica.
With files from the Associated Press
US-based generic drug makers are struggling to stay afloat
Prescription drug shortages have reached an all-time high. More than 300 medications are currently in short supply, according to the American Society of Health-System Pharmacists. The situation is exacerbated by the fact that domestic generic-drug manufacturers are also in short-supply. Many have gone bankrupt, moved operations overseas, or cut back on their product lines. Since 2018, the number of facilities producing generic drugs domestically has decreased by about 20 percent, leaving only 243 active sites. Joining us to discuss is Geoffrey Joyce, PhD, director of Health Policy at the USC Schaeffer Center.
How the development of SoCal’s freeways impacted more than just LA's traffic
By the 1920s, Los Angeles had already become one of the largest cities in the United States. It was unique in that compared to its east coast counterparts, L.A. was a sprawling city, with a large land area. In 1940, California’s first “freeway” was completed. The Arroyo Seco Parkway connected downtown Los Angeles to the city of Pasadena. However, unlike the freeways we know today, the Arroyo Seco was designed according to the parkway systems that had become successful in New York and New Jersey. It wouldn’t be until the 1950s that the four-lane, 65 mile per hour stretches of concrete would become a staple of Southern California transit. But the development of efficient roads came at the cost of many L.A. communities of color that got cut-up and purposely bypassed.
Today on AirTalk, we take a look at the history of Southern California’s freeway system and how its pervasiveness has affected almost every other part of life in L.A. with Paul Haddad, L.A. based writer and author of "Freewaytopia", Alvaro Heurta, associate professor of urban and regional planning at Cal Poly Pomona, and Catherine Gudis, professor of history and public history at UC Riverside.
New legislation looks to regulate self checkout, retail theft – is it the best path forward?
One of the most controversial things you’ll find at a grocery store as of late can be found at its checkout section, with less workers scanning the items and more investment into self-checkout at major grocers. For customers, you likely think it’s a convenience or others might find it to be needlessly difficult. For grocers, their issues with self checkout might arise from its potential for petty retail theft, with many stores having difficulty in policing them. The need for regulation has led legislators to develop a law that’ll set requirements for grocers who wish to use self-checkout, which has garnered some pushback from outlets that currently provide the service due to a potential increase in labor costs. Joining us to provide further insights into the bill is co-author and state Assemblymember Tina McKinnor. We’ll also hear perspective from Daniel Conway, vice president of government relations at the California Grocers Association.
A new investigation finds big tech companies scraped scores of YouTube video subtitles for data
The rise of AI means a lot of the things you might do on the internet -- writing emails, posting to Instagram, working in a Google doc, and even posting a video to YouTube -- could be content that a major tech company could use to train its AI. A recent investigation from the nonprofit news organization Proof News and WIRED found that tech giants like Apple, Nvidia and others scraped subtitles from hundreds of thousands of YouTube videos across over 48,000 channels…without the knowledge of the people who created the videos. With us to share the investigation and\ why that was an issue for some of these creators is Annie Gilbertson, investigative reporter for Proof News.
You never forget your first car. Tell us about yours and what it meant to you!
You never forget your first car. Whether it was fresh off the lot or a beat up hand-me-down, your first set of wheels is an iconic piece of machinery living forever in your memory. It gets you where you need to go physically, yes, but it’s also there for you in pivotal moments of change, growth and hardship. Many of us drove our first cars until the wheels came off, sometimes out of necessity but also because it was hard to let go of something that felt more like a friend. So what makes a first car so special? We posed this question to listeners more than a year ago, and boy, did they have some amazing memories to share. We're asking the question again so we can hear some more amazing stories. Tell us about your first car and why it was so important to you. Call 866-893-5722 or email atcomments@laist.com.
