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Prospect Weekend Reads
Week of December 12th
Stories from the week you don't want to miss!
JULIA NIKHINSON/AP PHOTO
Gurbir Grewal, director of enforcement for the Securities and Exchange
Commission, speaks during a press conference about the criminal charges
filed against FTX founder Sam Bankman-Fried, December 13, 2022, in New
York.
The Easiest Criminal Indictment Ever
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Authorities have arrested Sam Bankman-Fried in the Bahamas, and federal
prosecutors in the Southern District of New York have announced a grand
jury indictment. Read David Dayen on whether this could potentially
signal increased accountability for corporate crime in the future.
The Two Percent Obsession
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Despite growing evidence that inflation is easing, the Fed is still
committed to hiking interest rates. Robert Kuttner writes about what
this could mean for the future.
Defusing Tensions on Transit
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Since the city made buses fare-free, Kansas City transit drivers have
found themselves confronting homeless riders and struggling with
enforcing end-of-the-line disembarkment policies. Gabrielle Gurley
reports on the implementation challenges of fare-free transit.
Rail Companies Can't Handle Traffic From Mississippi Drought
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A mega-drought has lowered the Mississippi River so much that barges can
no longer pass, so shipping traffic is flocking to rail transport. But
as Luke Goldstein writes, freight rail cannot handle the increased
demand due to throttled capacity.
Democrats Don't Have to Settle for Battling to a Draw
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Democrats beat the historical odds this midterm. According to Stanley
Greenberg, new polling shows the results could have been even better for
Democrats.
READ MORE OF OUR LATEST HERE <[link removed]>
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