3 chapters across the catalog
Social Credit Scores, Magazine Subscriptions, Meritize Loans
Financial institutions like Goldman Sachs and Ally Financial are reportedly incorporating non-traditional data, such as magazine subscriptions, into credit assessments. Companies like Meritize use academic transcripts and social factors to determine loan eligibility for students. This trend is viewed as a move toward a Chinese-style social credit system in the West.
The hosts offer birthday greetings to Katie Hammer and James Wilson. A donor from Honolulu requests that John C. Dvorak republish his old recipes from BoardWatch Magazine, specifically a famous flank steak recipe. The hosts also promote the $5 and $30 monthly subscription tiers as the "lifeline" for the program's sustainability.
Ethnic Salesmanship and Cultural Observations
An anecdote about young black kids selling magazine subscriptions in white neighborhoods is used to illustrate high-level salesmanship and "nerve." The speaker clarifies that these observations are intended as a compliment to the talent and relentlessness required for such work, rather than a racist generalization. The discussion emphasizes that these social skills are often more impressive than those found on Wall Street.
