Prompt Cast
Federal Reserve's role in pandemic relief and Rick Bright's appointment
TLDR The Federal Reserve extended emergency lending to cities, states, and businesses during the pandemic, sparking debate in Congress, while Rick Bright, former head of BARDA, raised concerns about low national stockpiles of medical supplies and was appointed to President-elect Joe Biden's coronavirus advisory board.
Timestamped Summary
00:00
The podcast revisits past episodes and follows up on the people and issues discussed throughout the year.
04:19
The Federal Reserve extended emergency lending beyond traditional institutions to cities, states, and businesses during the pandemic, sparking debate in Congress over the Fed's role in providing ongoing support.
07:22
The Federal Reserve cannot recreate emergency lending programs that were previously shut down, but retains its traditional powers.
10:35
Rick Bright, the former head of BARDA, raised concerns about low national stockpiles of medical supplies and was demoted for pushing back against the Trump administration's handling of hydroxychloroquine, but has now been appointed to President-elect Joe Biden's coronavirus advisory board.
13:37
Listeners found lost money by following tips from Planet Money, leading to financial gains and donations to the show.
17:05
Former fighters are suing the UFC for allegedly breaking antitrust laws by making it difficult for fighters to compete for rival organizations and underpaying them due to lack of competition in the market.
20:01
The final segment of the podcast features a producer reuniting with his family in New Zealand after being in a quarantine center due to COVID-19, experiencing freedom from the pandemic.
