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Making Waves

Sections

Convergence

Economic Justice

The Debt We Share

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In this episode, Maurice explains what Puerto Rico, Chicago, and Detroit have in common when it comes to municipal bonds and urban racial inequity. Joining him to further elaborate and help the average listener understand a purposefully complicated system is Saqib Bhatti. Along with Maurice, Saqib co-founded the Action Center on Race and the Economy (ACRE) and currently acts as co-executive director.

Why Elon Musk Gets to Waste $13 Billion in Loans and You Don’t, with Charles Khan

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The "world's richest man," Elon Musk, purchased Twitter (since renamed X) for $44 billion in 2022. It's estimated he holds $13 billion of that amount as debt from bank and other loans. The site's always been a long way from seeing a profit, and is in a worse position since Musk's takeover. So what's the deal? And how can we change the separate set of rules for wealthy debtors?