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Capitalism is destroying the world. Can socialism save it?: A conversation with Ben Burgis and Mike Beggs

30 October 2026 at 18:47
Mike Beggs (L), Ben Burgis (C) and Maximillian Alvarez (R) speak at Red Emmas in Baltimore, MD.

With a global capitalist system that is wreaking havoc on the planet, pushing most of humanity into poverty, and enabling a small number of billionaire and trillionaire oligarchs to accumulate more money and power than nation-states, more people around the US and beyond are asking: “Could socialism be the solution?” But can socialism actually work in the real world? Can it actually help create a better world than the one capitalism has created?

In this live-event discussion, hosted at Red Emma’s Cooperative Bookstore and Coffeehouse in Baltimore, Maryland, TRNN Editor-in-Chief Maximillian Alvarez speaks with Ben Burgis and Mike Beggs about their new book, co-authored with Bhaskar Sankara, The Blueprint: How Socialism Can Work in the Real World.

Credits:

  • Production/Post-production: Cameron Granadino
Transcript

The following is a rushed transcript and may contain errors. It will be updated.

Maximillian Alvarez:

So we’re here at Red Emma’s Cooperative Bookstore and Coffee House in Baltimore, and I am really excited to be sitting with two of the three co-authors of the vital new book, The Blueprint: How Socialism Can Work in the Real World. Ben Burgis and Mike Beggs. Give it up, everyone. Hell yeah. Welcome to Baltimore, guys. So let’s talk about the S word, right? I mean, we’re here. The world’s on fire. Life continues to get harder and scarier year after year for working people everywhere. The masked jackbooted thugs that we were warned about are in our streets, hunting and disappearing our neighbors. Endless war and genocide and profiteering are ripping our world and our people apart. And everything is being run or taken over by these psychopathic, self-serving, greedy, society destroying, profit seeking, oligarchs, end times, fascists, authoritarians and fanatical nut jobs who are all so openly weird and corrupt and evil that it makes your head spin.

I think it’s time we start talking about doing things differently. Don’t you agree? Yeah? So let’s talk about it. Let’s get all the good faith discussions and questions about what socialism is, what it isn’t, and how it can work for us in the real world on the table. And so Ben and Mike, I wanted to start things off this way with the big question. You guys co-wrote this with Bhaskar Sankara, founder of Jacobin Magazine.What is your ideal goal in writing this book together and publishing it now? What would be the ideal definition of success for this book?

Ben Burgis:

Yeah, thank you so much for all that. And I should also say that our third co-author, Bhaskar, would be here tonight, but he has a month old baby at home, so he is on paternity leave from non-New York City events for a couple months at least.

Maximillian Alvarez:

Congrats, Bhaskar.

Ben Burgis:

But I think the way that we would see it is just this. All of those things that you were saying earlier are downstream of the fundamental way that our society is organized, the fundamental relationships and power at the heart of how things are produced in a capitalist society. And to us, the fundamental difference between capitalism and socialism is a question of whether we should have a society where some people can spend all day giving orders because they have money and some people have to spend all day taking orders because they don’t. And right now we’re having this conversation in a small island of a different way of organizing things at a worker-owned bookstore, but right now the fundamental institutions of our economy aren’t set up to support that. That’s not an option for most people that they get to work someplace where they have a democratic say in the way that it would work.

So what we want to think about is how we would have to reorganize our economy on a fundamental institutional level so that everybody can have that experience.

Mike Beggs:

Yeah. And I guess I would add that our brief for this book, what we set out to do was to kind of bracket off the question of how we get there. Strategy is a very important question, absolutely, but it’s also one that holds a lot of your potential model to… Holds it hostage. The short answer to how do we get there from here at the moment quite honestly is I wouldn’t start from here. So we are bracketing off that question. Once you have to start thinking from what is politically realistic right now, it limits what you can say. I mean, where are we starting? I mean, are we starting from current American political reality, Australian reality, reality somewhere else? So we wanted to draw a realistic vision of how a society might work, what is a plausible way that socialism could work that avoids a lot of the problems that people are familiar with.

And the point is not so much to set down a plan that people are going, we expect people to follow in the future and if they don’t, they’re doing it wrong. That’s not the point at all. The point is really to try and be part of a project of building confidence in the present that there actually is a realistic alternative, one that is feasible, one that people can imagine working in, living their daily lives in, one that they think would be a lot better than the way things currently work. And really that sort of confidence in a very different society is I think something that we have lost even on the left. We talk a lot, a lot of us call ourselves socialists, but there really is a lot of sign that a lot of people are not fully confident in articulating exactly what a realistic alternative might look like.

And that’s what we’re trying to do with this book.

Maximillian Alvarez:

Well, it’s like that real politic of how the fuck do I get through the day in this shitty system, let alone have time to think of what could be is the kind of trapped space that so many of us are in. But the only way out of that is through it together, I think. And so let’s kind of take that in here now, this space, Red Emma’s to sort of… I’m going to take a page from your book, Ben. I’m going to set this up kind of debate style. I want to kind of toss you guys some thoughts, claims, things we’ve all heard about socialism. First, I’m going to give you the softballs. Let’s talk about the straw man claims that are made about socialism. We grew up in America. We all heard these things, but I want to toss them to you guys and see you knock them out of the park.

And then I want us to also talk about the steel man concerns that people who are not Fox News dipshits, people who still have genuine questions about socialism and how it can work in the real world. So with that, I was going to start with kind of just the biggest and most obvious one. Capitalism, this is the straw man. Capitalism is great. Capitalism gives us freedom, individual choice, personal security, and socialism is bad, it’s breadlines, it’s non-individual, no room for the individual. Everything’s dictated to you by the state. Capitalism’s great. Why would I want socialism?

Ben Burgis:

Yeah. I would say that the book is primarily written for people in that second category, the ones who might have some level of understanding about what’s wrong with capitalism but are a bit skeptical that anything else is possible. But we do certainly want to address the first set of concerns too. We do a fair amount of that in the book. And I would just say that obviously when it comes to the kind of democratic rights that we already have, advanced liberal capitalist democracies, freedom of speech, trial by jury, all of that stuff, we like all of that. We want to keep all of that. We are sometimes terrified that the current administration is trying to take away a lot of that. But then the other half of that is what it takes to make those rights meaningful in people’s day-to-day economic lives. If you say, “Hey, legally you can do whatever you want to, but also if you want to eat, you better sign on the dotted line and agree to work for half of the day, half the time that you’re awake most days of the week and only half because of past worker struggles for a boss who is going to have dictatorial power over you at the workplace and you better not piss them off or else you’re going to lose that job and you’ll be in a much worse position,” then that doesn’t sound to me like somebody who has meaningful control over their life.

I think that having meaningful control over your life means that you should have a say in the place that you have to spend the most of your life as an adult. And ultimately also that means that we could all spend less time there anyway because if workers are in charge, when we have productivity gains, when technology advances and we have the choice, okay, do we capture those productivity gains in more stuff or do we want to work fewer hours? Then right now that decision is dictated by this class of private capitalists who aren’t doing the work themselves and it’s a very easy decision for them, right? Produce more stuff, make more money. That’s why the Fair Labor Standards Act in this country set the 40 hour work week in 1938 and has not gone down one minute since then.

Maximillian Alvarez:

Minimum wage ain’t been raised either.

Ben Burgis:

That’s certainly not because technology stopped in 1938. So I think that a society where you can have a say in what happens where you work and where you have to work less and you have more time and more material stability to do whatever the hell you want with the rest of your life sounds like much more meaningful freedom to me.

Mike Beggs:

Yeah. I mean, I would say as we put it in the book that there’s a lot of goals that socialists share with liberals and that we don’t want to give up some of the benefits of the modern complex division of labor. Personal freedom, which as Ben says, is not only partially met under capitalism, but personal freedom’s an important one. Efficiency, we make a case for efficiency as a socialist value in the book, mainly for the reason Ben’s just talking about because efficiency means not just… It’s not about more and more stuff, but about more time free of instrumental labor, but socialists also have extra goals, right? Of course, egalitarianism, care, making sure that everybody is secure and looked after, ecological sustainability. And the difficult task that socialists have that we’re trying to address in this book is making the case that those specifically socialist goals are compatible, can be made compatible with broad, liberal and personal freedom with the efficiency of the modern division of labor.

And that’s a challenge because there’s very good reasons why people think that socialism as it has been attempted in the past has failed on that account. And so we’re trying to make the case that they can be brought together.

Maximillian Alvarez:

Well, I want to pick up on that last point because here comes the sort of steel man concern, right? Some of the greatest crimes in human history were committed by people or regimes that called themselves socialists or that attached that word to their movement. People, regular people, working people, poor people, people who didn’t do anything wrong or mean any harm were hurt in the course of a 20th century in which the word socialism was a big thing. And so for people who come from those family lineages or who are worried about those kinds of things, how do we learn from the past without getting bogged down in it?

Ben Burgis:

Yeah. I think there’s a lot you can learn from the failures of those earlier socialist experiments, both the moral failures that you’re talking about, just the failures to live up to socialist ideals and also just the design failures, the economic dysfunctions that led to the empty grocery store shelves, even managers of state enterprises having to rely on black markets to get the inputs they needed to make their quotas, all of that stuff. I mean, that’s why we wrote the book to try to show that there is a better way of organizing this. I’m sure to the extent that time allows, we’ll get into that, what we think that better way looks like. But I would also just say on the bigger picture question, it’s like, yeah, it is absolutely true that there are all kinds of regimes that did all kinds of things that I find abhorrent that use the socialist label to justify that.

On the other hand, the war in Vietnam was justified by Lyndon Johnson and Richard Nixon in the name of defending freedom and democracy and the knowledge of the millions of Southeast Asian peasants who were shot or burned alive with napalm or dislocated from their villages doesn’t make me like freedom and democracy any less. It just makes me hate the hypocrites who claim to stand for it more.

Mike Beggs:

Yeah. I mean, I guess I’d emphasize that this is very much a democratic vision of socialism, but also a socialism that has a lot of room for personal freedom. Our model still involves most people having an income… I mean everybody, not most people, but everybody having an income to spend and goods and services and things like that. And not just making trivial consumer choices, but that allows, of course, for all kinds of freedom in terms of lifestyle choice, where you want to live. But it also adds to that freedoms that we do not have under capitalism. Democracy is extended from the political realm to the workplace in particular. And there’s a lot of points in our model where we try and find real points of leverage for effective democratic deliberation all the way through. It’s not something that just happens at the political level. It’s something that happens at multiple points in the system.

Sometimes it’s democracy of workers at a particular workplace. Sometimes it’ll involve the community along with workers, et cetera, et cetera. So I would say that our model is one of liberalism plus, right? It’s a liberalism socialist with all the egalitarianism, security, et cetera, that gives people real freedom in their lives. And that’s really at the center of our model.

Maximillian Alvarez:

All right. I got another straw man for you. So capitalism and the dynamics of the free market are the most efficient way for society to organize a system of production that meets the needs of all. Why would we want socialism, which is… Sorry, I didn’t finish the question. Why would we want socialism that’s central planning and not adaptive as the market can be?

Ben Burgis:

Yeah. Well, great news for you. The kind of socialism that’s advocated in the book is not one where everything is essentially planned. We would make a distinction between saying, okay, are there certain things about capitalist markets that do make it efficient at doing the things that capitalism is good at? It’s not good at producing material equality. It’s not good at producing stability in people’s lives. It’s not good at empowering most citizens, but it is good and it’s importantly good at things that earlier moderns of socialism were bad at, having full grocery store shelves, all that stuff.

Maximillian Alvarez:

I mean, selling your apples at a farmer’s market is fucking fine. We don’t have to turn that into this monstrosity that we have today.

Ben Burgis:

No, exactly. And we think that there’s nothing magic about the act of buying and selling. So there are the same way that there are some libertarians who think that the least little bit of social democratic interference with the free market, and before you know it, you’re down in the road to Stalin. There are some people who come, as we do, out of the Marxist tradition, who say that the least little bit of buying and selling going on in your society before you know it, you write down the slippery slope to capitalism. And we don’t buy that either. There have been markets, there have been buying and selling in human societies for thousands of years. Capitalism is something much more recent. Capitalism is a society where the majority of the population have to sell their working hours to private owners of the means of production. So we can still have markets, you could still have in sectors of the economy where we think you still need them.

You can still have firms setting prices based on what they think can sell, all of that stuff. But those firms are owned by the workers, they’re internally democratic, and financing can be done through the public sector, through public banks. So people aren’t forced to risk their own personal savings, which obviously for most working people under capitalism is not a rational risk. And the last thing about this before I throw it to Mike is just oftentimes people think of markets and planning as being opposed to each other. We’d say, look, these are just tools you can use. To us, the core of socialism is who runs things. Do working people themselves get to run their own workplaces or do you have the separate class of capitalists do? Everything else is just the engineering details to make that core right. So in terms of those engineering details, yeah, you could have markets, you could have planning.

We think that subcontracting out certain tasks to markets where markets make sense makes the job of planners easier where planning makes sense. If we want a socialist state to worry about things like full employment, it’d be better if they didn’t also have to worry about exactly how many toothbrushes are going to be produced in the next five years like Soviet planners did.

Mike Beggs:

Yeah. We spend a lot of time in the book going through the debates about planning and markets in the 20th century. So the socialist calculation debate, if people are familiar with that, at the mid 20th century, between the Austrian libertarian argument that socialists… You can’t have rational planning of a very complex economy with countless resources, countless squared ways of combining those resources for countless cubed possible products that people have preferences, wants and needs about. And one of the guys that made the strongest reply to that argument, a Polish economist called Oscar Langa in the late 30s, and he kind of argued he was replying to Von Mesas, who people may have heard of, one of the Austrian Libertarians. And Langa said up front, he said in the future socialist republic, we are going to want to erect the statue of von Mesas in front of our planning board because he did us a great service in actually making sure that we took this problem seriously because I think it is a serious problem and it’s obvious the experience of the 20th century is that this is not an easy problem to solve.

Our particular solution is different from Langa’s. It does, like Ben says, involve some market production, some commodity production. It also has a non-commodity sector because we’ve learned not just from the theoretical debate, but also from all kinds of experience in the Eastern block, but also under capitalism and social democracy over the latter half of the 20th century. And though we have a role for markets, I think it’s really important to be clear. I don’t think we’ve said it up front yet, but the means of production, social wealth is entirely held publicly in our model. There is no private accumulation of wealth or private accumulation of control over the means of production. People may have some private savings, but for the most part, because of the retirement system, the housing system, there’s not a huge need to even save in that way. So we see savings as being a pretty minor thing.

So it’s a society with some role for markets, but one where wealth is absolutely publicly owned and democratically managed at every level.

Maximillian Alvarez:

It makes me think of the great Fred Hampton, and I guess to paraphrase Brother Hampton, theory’s great, but theory without tangible examples ain’t shit, right? And it is important to remember that there are examples all around us. We are literally sitting in one right now. Red Emma’s is a worker owned cooperative business and other co-ops in Baltimore exist because of the workers who make all the decisions. Everyone back there is a worker owner, and they have institutions like Bread, which provides loans to other co-ops that can’t get them from a regular bank. And that’s how you see the system set up to prioritize certain businesses and kill ones like this, but organic institutions can grow and create something different. And if we participate in them, we can make it different and stick. But I also want to bring that into a steel man concern here because whether it’s great worker cooperatives like Red Emma’s or in the world of my reporting, like labor unions, these are all essential examples of what you guys are talking about, what we talk about on a day-to-day level when we’re trying to tell people about this stuff.

But you guys know as well as I do, they’re not perfect. I mean, labor unions in this country have a lot of problems with them. Labor union presidents have been thrown in jail for corruption and racketeering and all that stuff. It associates in people’s minds with the same kind of corruption they see in the Polit Bureau and Soviet times and all that stuff. So human systems will always be susceptible to human foibles. And so what do we do about the kind of day-to-day concerns people have over corruption, ways that this is going to be still just a change in title, but still a kind of shitty reality? How do we tussle with that?

Mike Beggs:

Yeah, that’s a really good question, and maybe one we can answer by talking about, since we’re here in a workers’ cooperative, how that actually works in our system and how it involves a whole lot of checks and balances that are designed to deal with that very real problem. And it also relates to another question people ask, which is if workers’ co-ops are so great, if democratic workplaces are so great, there’s nothing stopping people for forming them under capitalism. Why doesn’t that happen more often? The answer to that, I think for the most part is that there’s certain things about capitalist society that makes them difficult, but particularly financial arrangements. It’s very difficult for cooperative arrangements to work because if you don’t have an outside owner, which a cooperative cannot, it’s a collective of its worker members, if you can’t have an outside owner, you can’t have equity financing, and that means you got to get your finances from somewhere.

So what? Is that supposed to come from the individual members? So people, at the same time as they take a job, they have to take a mortgage to bring their finance with them. Alternatively, you have to borrow from a bank, and that’s very risky thing to do because bank loans come with very fixed payments on fixed dates, leaving the business very exposed to those ups and downs, uncertainties of running a business. So in our model, the financial system is not made for capitalist businesses, but specially designed around workers’ cooperatives. And this connects back to your question about corruption, how do we actually stop that kind of thing from happening? Because in this model, like we said before, the capital, the means of production, the wealth of society is publicly owned, right? The businesses are run by their workers, but they are running it in partnership with the public banks who are essentially almost renting, effectively renting part of society’s wealth, part of society’s means of production to that worker’s collective.

And so it’s always going to be done in partnership between those institutions. So that means that the workers who are running the business democratically are kind of custodians for part of social wealth. And so they don’t have complete control as it should be, right? They’re custodians of public wealth. So that’s one of the checks and balances, right? The public is represented in this case through the bank, through the public bank, but also through the need to maintain the confidence of your customers and the need to actually… That’s one of the reasons why we keep some commodity protection there because it gives direct communication, direct back and forth between the humans who are on both sides, the people who are producing, the people who are using. And so in those cooperatives, that’s the checks and balances. The other side of the economy, and I’ll pass back to Ben in a second, that we haven’t talked about yet is we also have a very large non-commodity sector where those checks and balances have to work out differently in the directly state funded sector.

Then you’ve got all kinds of different ways. The checks and balances is still there. It might be that community members are there on the board of your local aged care center or daycare center or whatever. It works differently in different spots, but there’s always those kinds of public oversight, democratic public oversight and freedom of information about everything that’s happening with the finance, with people’s wealth.

Ben Burgis:

Yeah. And to circle and underline that point, just to make sure nobody missed that last part, part of the setup about public banks includes the constitutional mandate for transparency. The books are always open to any member of the public who wants to look. That’s an example of an institutional safeguard. There are several layers of kinds of institutional safeguards that we imagine, but I want to be really clear on this because I think otherwise it’s going to seem evasive to anybody who’s paying attention, that we’re not claiming that corruption will cease to exist, that embezzlement will wither away with the end of capitalism, that nobody’s going to try to find loopholes or commit crimes because people are people and we didn’t want to make it easier for ourselves in writing the book by assuming either that there’s going to be some amazing technological progress that means that we can just have supercomputers plan the economy perfectly or that there’s going to be some sort of amazing cultural or psychological progress to remake human nature.

We are assuming all of the same technological, psychological limitations that we have right now, which means that yeah, you still need systems to police corruption, to curb people trying to take advantage of loopholes to self-enrich. But I think the question is always a comparison that they… Okay, if you’re really worried about corruption, here’s an example of something that would be super corrupt, actually kind of similar to your union example earlier, union presidents who end up in jail and all that stuff. Because in some ways, the basic units of production in our commodity sector would work a lot like unions work now, the same way you could vote in a union contract, you could vote in an operating agreement, which basically is structurally exactly like a union contract, except there’s no separate boss to negotiate with. It’s unilateral. And of course you vote for leadership, for the committee that’s running the place.

So here’s an example of something super corrupt that could happen. Somebody could rig an election for that committee to make sure that they got the spot, even though most people didn’t try to vote for them or somebody could try to do that on behalf of their son or something. Yeah, that would be terrible. Now let me tell you about capitalism where it’s entirely legal for people to continue to be the boss, even though most people who work for them don’t want them to be because they don’t get a vote in the matter and where it’s entirely legal to just leave the The business to your son as property inheritance, the same way that you’d leave your car to them. And that’s not even considered corruption. That’s just the way it’s supposed to work.

Maximillian Alvarez:

Yeah. I mean, yeah, it’s real fucking rich for the most corrupt people in the whole of human history to be saying, “Oh, socialism’s corrupt.” I mean, we know better and we got to call it out when we see it. We have to be each other’s sense of sanity and social responsibility. And it starts by calling out bullshit wherever you see it. Whoever’s saying it, doesn’t matter whose side they’re on, the truth is the truth. Mother Jones famously said, “I will tell the truth wherever I please.” We all got to have a little bit of that moxie right now. And we got to take it as a duty to go and tell the truth wherever we can together so that we crowd out all these fucking liars and all these self-serving fascists and all this AI slop they’re trying to throw into our faces to get us to forget what is right in front of us.

So there is a real social participation element to all this that I really appreciate in your guys’ book because it’s so needed with everything. I think one of the benefits of capitalism, and I can say this as kids who grew up in America post Cold War, it felt like the capitalism had won and it was all right. The future was pretty bright. The pie was going to be big enough for all of us to get some if we worked hard enough. My immigrant family felt like we made sense in that narrative. And boy, oh boy, did capitalism show over the next 25 years that all of that will be consumed under this kind of monstrous cycle of expansion and domination and consolidation, corruption. And now we’ve got what we’ve got here in 2026. So I wanted to end there, bring us back to where we are here.

Because like in the 20th century, when you had the surge of socialism and left thinking, at the same time you had the surge of fascism and far right movements, we are in a very similar moment. It’s not the same. History doesn’t repeat itself, but it’s rhyming pretty hard right now. And so we’re seeing the surge of far right governments, movements, this authoritarian international network that is now targeting the Brazilian elections, yada, yada, yada. But there are examples in parts of the world where that authoritarian message is making a better case to your average working person for why they should support the authoritarians and not listen to the people who call themselves Democrats or liberals or what have you. If it keeps the violence off their streets, if it keeps the normalcy in their day-to-day life, the sad reality is a lot of people will say it’s worth it to me to sacrifice the civil rights of others and lock people away in Bucheles like Salvadorian prisons if I don’t have to worry about gangs walking down the street.

So that is happening at the same time you guys are writing this book. So the stakes couldn’t be fucking higher. So how do we make the case for socialism work in the real world now and win with this message?

Ben Burgis:

Yeah. I mean, I think that ultimately, if everything you were just talking about, when you’re talking about Buchele and Trump and global wave of authoritarianism, if that’s going to be beaten back, it’s going to take obviously a lot of people who come from a lot of different perspectives to come together to do it. But if history is any guide, the people who are going to be the best fighters against all of that stuff are people who are motivated by this north star of a vision of a qualitatively better world because those have always been the best fighters against whatever horrible authoritarian nonsense was going on at any given time for civil rights, for labor unions, for all of that stuff. And I think that right now it’s a problem. It’s not the problem, but it is a problem that right now, even so many people who want to be socialists have lost their confidence in that qualitatively better world.

During the 20th century, a lot of people thought it was being built in the Soviet Union. Even a lot of people who are on the anti-Stalinist left who had their critiques of the Soviet Union still thought that the economic core of that system was functional and it still gave them hope that some sort of socialism was possible. And right now that’s been lost. And so I think that trying to restore confidence in the possibility of something better is important always because we don’t want to be stuck in the system forever, but I think it’s more important than ever in circumstances like the one you’re describing. I mean, I often think, I guess the last thing I’ll say before I throw to Mike to finish us up, but I often think about Manufacturing Consent. That’s a book from several decades ago by Noam Chomsky and Edward Herman.

And basically what they’re talking about is the way that the borders of acceptable debate were policed. That in the American corporate media, you had this appearance of thriving debate, but it was happening within painfully narrow parameters. For better or for worse, those parameters have pretty much been blown up lately, that you have people like Nick Fuentes have become like…

He had dinner with the president and you have a DSA guy who’s the mayor of the most important city in the capitalist world. And so it seems to me that we are at a time when better things are possible than they were for most of our lifetimes, but also much worse things are possible. And I would like to bolster people’s confidence that there is a long-term vision of much better.

Mike Beggs:

Yeah. All I would add to that is that even though there’s economics and some theory in the book, but we also tried to paint a vision of a society that would be really broadly appealing beyond the left. We tried to paint a model that most people could imagine themselves living in and enjoying. We built it around the kinds of aspirations that people in general have today. I mean, it’s a model that makes room for all kinds of social experimentation, but it also is one that guarantees people security of livelihood. It guarantees income to people and services to people as they need it, not whether they can pay for it in some way or other. It’s a vision that takes a lot of things that people… It could be communicated as something that takes a lot of people’s frustrations and anxieties in life, especially in the working world and says, “Here are some solutions to them.” They don’t involve you sitting in meetings all day or anything like that.

The way that we have workplace democracy is not something that would involve people in having meetings all the time, but it is something that means you’re not going to have in general a boss that you hate. You’re not going to have a day-to-day existence where you fear being arbitrarily fired or you’re worried about your retirement or anything like that. So I think that the vision that we present is one that is really broadly appealing and could actually be something that is used to reach well beyond the kinds of people who currently think of themselves as on the left.

Maximillian Alvarez:

Let’s give it up for Ben Burgis and Mike Beggs everybody. Hell yeah.

💾

“Should [we] have a society where some people can spend all day giving orders because they have money and some people have to spend all day taking orders because they don't?”

Canada, EU lay out vision for closer ties in ‘dangerous and divided’ world

30 October 2026 at 17:50
Canada and the EU are laying out their vision for what a closer relationship looks like in an increasingly “dangerous and divided” where trade has become “weaponized.”

Canada, EU lay out vision for closer ties in ‘dangerous and divided’ world

30 October 2026 at 17:50
Canada and the EU are laying out their vision for what a closer relationship looks like in an increasingly “dangerous and divided” where trade has become “weaponized.”

Top YouTuber MrBeast has named his first chief marketing officer

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American YouTuber Jimmy Donaldson, aka MrBeast gestures during a promotional event for the upcoming Indian Hindi-language epic mythological film 'Ramayana: Part 1' in Mumbai on September 26, 2026. (Photo by Sujit JAISWAL / AFP via Getty Images)
YouTuber Jimmy Donaldson, a.k.a. MrBeast, is expanding his company's C-suite, naming his first CMO.

Sujit JAISWAL / AFP via Getty Images

  • The world's biggest creator, MrBeast, has found his first CMO.
  • The company promoted Feastables head and marketing vet Michelle St. Jacques to the role.
  • Her remit will include leading marketing and defining the MrBeast brand.

MrBeast has found his first CMO, Business Insider exclusively learned.

The top YouTuber's company promoted Michelle St. Jacques to the role. St. Jacques has led consumer goods, including Feastables, MrBeast's snack and candy company, since February.

In her new role, she'll add marketing duties for Beast Industries, the star's holding company, while continuing to oversee consumer goods. She's based in Chicago.

Beast Industries started the search earlier this year, a move that reflected the company's growing ambitions. It's been expanding far beyond its core YouTube channel — which has over 524 million subscribers — and seeks to become a Disney-style entertainment giant.

Beast Industries CEO Jeff Housenbold said in a memo to staff, viewed by Business Insider, that he considered external candidates for the CMO role but decided St. Jacques was the best person for the job.

"In her time at Beast, MSJ has shown she can set clear strategy and deliver strong execution for our products and partners," he wrote. "She has served as both CMO and Chief Commercial Officer and built iconic consumer brands like Dove, Heinz, Miller Lite, and Coors Light. She's also a world-class people leader who knows how to build high-performing teams."

St. Jacques joined the company following a slowdown in Feastables' growth.

Housenbold wrote that St. Jacques' remit would involve defining the MrBeast brand and making sure everything the company does ladders up to the same positioning; leading marketing for MrBeast and partner brands; and overseeing the viral marketing team. He said that he saw an opportunity to lean into e-commerce and performance marketing to drive customer acquisition and retention.

St. Jacques steps into a role overseeing a brand that's looking to lessen its reliance on its famous founder. Her job requires someone who can do everything from getting people to theatrical releases — Donaldson lent his voice to "Angry Birds Movie 3," which is scheduled for a December release — to selling snacks and toys in stores, or pitching fans on phone plans and financial products.

Beast Industries has made a string of big hires to bulk up its executive suite. Along with Feastables, the company has begun to move into financial services with the acquisition of the Step app and has planned a mobile phone service.

The company is also laying the groundwork to expand into ad and marketing services for brands and additional services for other independent content creators like MrBeast, and has teased a membership program.

Read the original article on Business Insider

The AI Election: Leftist PAC Targets 4 House Republicans over Artificial Intelligence Regulation Vote

30 October 2026 at 15:52

Tomorrow Together, a leftist PAC,  is launching a $4 million ad campaign against four House Republicans in competitive districts, criticizing their support for a 2025 measure that would have blocked states from regulating AI.

The post The AI Election: Leftist PAC Targets 4 House Republicans over Artificial Intelligence Regulation Vote appeared first on Breitbart.

The Largest Heist in History: Hackers Steal $6 Billion in Crypto from Binance

30 October 2026 at 14:16

Binance, the world's largest cryptocurrency exchange, suspended withdrawals  after hackers stole $6 billion from its digital wallets in what is being described as the biggest financial heist on record.

The post The Largest Heist in History: Hackers Steal $6 Billion in Crypto from Binance appeared first on Breitbart.

Cyprus GDP growth forecast raised to 3.2 per cent for 2026

30 October 2026 at 15:54

Middle East conflict threatens Cyprus growth outlook, economics research centre warns

Cyprus’ economy is expected to grow by 3.2 per cent in 2026, up from a previous forecast of 2.7 per cent, as stronger-than-expected economic activity and improving business confidence offset mounting inflationary pressures linked to the conflict in the Middle East, according to a report published by the University of Cyprus’ Economics Research Centre (CypERC) in October.

The latest projections point to economic growth moderating from 4.8 per cent in 2025 to 3.2 per cent in 2026 and 3.1 per cent in 2027, with rising prices and tighter monetary conditions expected to weigh on activity over the coming quarters.

The revised 2026 forecast is 0.5 percentage points higher than CypERC’s July estimate, while the projection for 2027 remains unchanged.

The upward revision reflects stronger-than-expected growth during the second quarter of 2026, alongside favourable developments in the third quarter, including improved economic confidence, low unemployment and continued growth in new housing loans.

However, the research centre warned that the outlook remained vulnerable to geopolitical developments, with the Middle East conflict intensifying inflationary pressures and increasing the risk that economic growth could fall short of expectations.

Inflation is expected to accelerate sharply, rising from 0.1 per cent in 2025 to 3.1 per cent in 2026, before easing to 2.3 per cent in 2027.

The forecasts for 2026 and 2027 are respectively 0.1 and 0.2 percentage points higher than those published in July, reflecting rising international oil prices, strong domestic economic activity and persistently low unemployment.

Economic activity remains robust

Cyprus’ economy continued to expand faster than the European Union average during the second quarter of 2026, despite mounting inflationary pressures associated with the conflict in the Middle East.

Real gross domestic product (GDP) grew by 3.3 per cent year-on-year in the second quarter, accelerating from 3 per cent in the first three months of the year.

Real gross value added increased across all economic sectors, with growth accelerating in most industries compared with the previous quarter.

Information and communication activities remained among the fastest-growing sectors, although their expansion slowed for the fourth consecutive quarter. Growth in real estate activities and professional services also moderated slightly, extending the slowdown recorded during the first quarter.

Consumption growth strengthened further during the second quarter, driven primarily by increased government spending. Private consumption continued to expand above its long-term average, maintaining the pace recorded during the first quarter.

Investment also improved, with gross fixed capital formation continuing to grow on the back of increased spending on machinery and equipment and sustained investment in construction.

Both exports and imports recorded strong annual growth. However, net exports made a negative contribution to overall GDP growth because imports increased faster than exports.

Monthly indicators suggest that economic activity remained robust during the third quarter, although some data pointed to emerging challenges.

Retail trade volumes, card purchases and property sale contracts recorded between July and September indicated continued expansion. However, figures for motor vehicle registrations, new company registrations and tourist arrivals provided mixed signals about the strength of economic momentum.

The number of registered unemployed people continued to increase year-on-year throughout the third quarter, although the construction sector was a notable exception.

Nevertheless, the unemployment rate remained very low in August and well below the EU average, according to Eurostat.

The Economic Sentiment Indicator rose above its long-term average during the third quarter, reflecting stronger consumer and business confidence, particularly in services, retail trade and construction.

Companies’ employment expectations also strengthened, moving above their historical average. Economic uncertainty declined overall, although uncertainty among businesses in services and retail trade increased in September.

Consumers’ and companies’ expectations for future prices remained above their historical averages despite some easing during the quarter. Price expectations among consumers and manufacturing firms rose markedly in September.

Inflation and borrowing costs threaten growth

Consumer price inflation increased to 3.4 per cent in the third quarter of 2026, up from 2.8 per cent in the second quarter.

The acceleration was driven by higher prices for housing, water, electricity, fuels and transport, primarily reflecting rapid increases in international oil prices.

Food inflation also continued to add to domestic price pressures, exceeding the overall inflation rate for the third consecutive quarter.

CypERC warned that Cyprus’ heavy reliance on imported fossil fuels made its inflation outlook particularly sensitive to international oil prices, which are vulnerable to geopolitical developments.

The conflict in the Middle East continued to push up global energy prices during the third quarter, with the effects expected to feed through to the prices of goods and services over the forecast period.

Higher food prices are also expected to sustain inflationary pressures, with international food price indices increasing more rapidly during the third quarter than in the first half of 2026.

The report said rising prices had already put pressure on real incomes and were expected to restrain economic activity, particularly as labour market conditions normalised.

Inflation also increased in the euro area and the United Kingdom during the third quarter, potentially weighing on demand from Cyprus’ main trading partners, particularly for services.

Higher interest rates are expected to exert additional pressure on growth, with the effects becoming more pronounced during 2027.

Euro area key interest rates increased further in September in response to rising inflation linked to the Middle East conflict, while market interest rates had begun edging upwards in March and stood considerably higher in September 2026 than a year earlier.

Domestic interest rates on most loan and deposit categories were also higher in August than in the corresponding month of 2025.

CypERC expects tighter financing conditions to restrain both domestic demand and demand from euro area trading partners, with the effects gradually materialising in 2027 and becoming particularly evident after the first quarter.

The annual contraction in new corporate lending during January to August 2026 is also expected to weigh on growth prospects.

Nevertheless, the research centre said these pressures were being outweighed by the continued dynamism of the domestic economy, supported by recent national accounts data and leading indicators.

Continued growth in new housing loans and the banking sector’s strong liquidity and capital position were also supporting the outlook.

During the first eight months of 2026, the outstanding stock of loans recorded double-digit growth, while deposits expanded strongly, driven by rising domestic deposits.

However, the volume of new loans declined year-on-year over the same period because of contracting business lending, despite strong growth in housing loans.

The ratio of non-performing loans to total loans also declined further in June.

An exception to the broader increase in domestic borrowing costs was the interest rate on new corporate loans exceeding €1 million, which fell significantly in August to its lowest level in more than three and a half years.

Public finances provide support

Cyprus’ public finances remained strong during the first eight months of 2026, with the government recording a substantial budget surplus that exceeded the corresponding figure for 2025.

Government revenue increased robustly year-on-year, outpacing expenditure growth, while the public debt-to-GDP ratio continued to decline.

CypERC said the strong fiscal position was expected to support economic growth by preserving investor confidence amid rising government borrowing costs and helping cushion the effects of cost-of-living pressures.

International and domestic stock market indices also recorded further annual gains during the third quarter, while volatility remained relatively subdued.

The continued positive performance of equity markets was seen as a sign of economic resilience despite geopolitical tensions and elevated inflation. However, the report cautioned that these favourable effects could prove fragile if financing conditions tightened further and cost-of-living pressures intensified.

Growth forecasts remain vulnerable

The research centre said downside risks to economic growth continued to outweigh upside risks, with geopolitical tensions and potentially tighter financing conditions posing the main threats.

A prolonged conflict or further escalation in the Middle East could increase uncertainty, weaken external demand for services and discourage investment.

Further disruption to supply chains could also keep international commodity prices elevated, creating more persistent inflationary pressures and weighing more heavily on economic growth than currently anticipated.

Other risks include weaker-than-expected growth among Cyprus’ trading partners, financial market turmoil that could undermine investor confidence, climate-related events and fiscal challenges arising from higher government borrowing costs.

Conversely, stronger-than-expected growth could result from resilient demand, a longer tourist season, gradually easing inflationary pressures, government measures to mitigate the cost of living and investments not yet reflected in the available economic data.

CypERC’s forecasts remain broadly consistent with those of other institutions, although their projections differ slightly.

For 2026, the Central Bank of Cyprus and the International Monetary Fund expect GDP growth of 2.9 per cent, while the Finance Ministry forecasts 3.1 per cent.

For 2027, the Central Bank projects growth of 3.1 per cent and the IMF 3.2 per cent, while the Finance Ministry expects growth to moderate to 2.9 per cent.

Inflation risks remain tilted upwards

CypERC warned that upside risks to inflation continued to dominate, primarily because of the Middle East conflict and the possibility of further increases in international energy and commodity prices.

A prolonged period of high commodity prices could trigger second-round inflation effects, reinforcing price pressures, particularly while economic activity remains strong and unemployment low.

Other risks include robust wage growth if demand remains resilient, climate-related events that push up food prices and prolonged broad-based fiscal support measures aimed at mitigating the cost of living.

The research centre said such fiscal measures could contribute to higher-than-expected inflation, particularly given prevailing labour market conditions.

Downside risks to inflation include tighter euro area monetary policy and its cooling effect on demand, particularly if higher borrowing costs substantially reduce private and public spending.

Recently introduced fiscal support measures, including cuts to fuel excise duties and reductions in value added tax, could also lower inflation compared with current projections.

The gradual transition towards green technologies in Cyprus was identified as another factor that could help reduce inflationary pressures over the forecast period.

CypERC based its projections on quarterly national accounts data up to the second quarter of 2026, leading indicators covering the third quarter and monthly data available between July and September. The forecasts incorporated revised national accounts figures published on October 20, 2026.

Student-loan borrowers in public service are trapped with debt that 'should be forgiven,' a new lawsuit says

30 October 2026 at 15:00
President Donald Trump
A new lawsuit against the Trump administration targets delays in processing Public Service Loan Forgiveness for thousands of student-loan borrowers.

Chip Somodevilla/Getty Images

  • The Education Department is facing a new lawsuit over the Public Service Loan Forgiveness program.
  • The lawsuit said the department is failing to process buyback applications and is illegally rescinding borrowers' payments.
  • These delays are forcing borrowers to pay off loans that should be forgiven, the lawsuit said.

The Trump administration is facing another lawsuit over claims it's mishandling student-loan forgiveness for thousands of borrowers.

On Friday, the American Federation of Teachers President Randi Weingarten filed a lawsuit against the Department of Education over stalled debt relief for borrowers pursuing Public Service Loan Forgiveness, which forgives student debt for government and nonprofit workers after 10 years.

The lawsuit, which is seeking class-action status, said that the department has failed to process the buyback applications of 90,000 borrowers, which allows borrowers to "buy back" months spent in deferment or forbearance if those months would put them at the threshold for relief.

The lawsuit also said the department has illegally rescinded payments borrowers have made toward the program, "trapping in debt borrowers whose loans should be forgiven." It includes Donald Knierim, who previously spoke to Business Insider, as a declarant in the case. Knierim retired after being notified that he had achieved PSLF, only to have 15 of his payments rescinded months later.

Advocacy group Protect Borrowers is representing the AFT. Its senior counsel, Laura Dismore, said in a statement that PSLF borrowers "deserve better than more dysfunction and broken promises."

"The law guarantees public service workers certain rights, and we will enforce those rights wherever and whenever they are violated," Dismore said.

The Department of Education did not immediately respond to a request for comment from Business Insider.

Ongoing Public Service Loan Forgiveness challenges

Business Insider has heard from public service workers over the past who have faced a slew of challenges with PSLF. For example, the PSLF payment tracker has not updated for many borrowers, leaving those who made their final payments waiting for their relief to be processed.

The continued backlog of buyback processing has been an added strain; the department's most recent status report in a separate lawsuit filed by the AFT said that 88,000 applications were pending. The department said some borrowers submitted multiple buyback requests, which inflated the backlog.

More recently, PSLF borrowers like Knierim received notices that the payments they had made toward forgiveness no longer count, extending some borrowers' repayment timelines by years. The department said the clawbacks were due to Biden-era coding errors.

All of the listed delays to relief are actively harming borrowers in public service, the lawsuit said. For example, Elizabeth Schoepflin, one of the plaintiffs, said that the Education Department "ripped away the loan forgiveness credit I earned without any explanation."

"Every month this drags on is another payment I shouldn't have to make," she said.

David Petley, another plaintiff, said he's been waiting over a year and a half for his buyback application to be approved.

"I am expected to keep making more expensive monthly payments in the meantime," he said.

These challenges come as the Trump administration is implementing its student-loan repayment overhaul, which includes new repayment plans and borrowing caps. While borrowers have reported surging monthly bills under the plan, the administration has said its changes are intended to simplify a complex repayment system and curb excessive borrowing.

Have a story to share about student loans? Contact this reporter at asheffey@businessinsider.com.

Read the original article on Business Insider

I migliori aeroporti per voli e collegamenti, premiati due italiani ai Routes World Awards 2026

30 October 2026 at 14:53

Ai Routes World Awards 2026, assegnati a Francoforte, due aeroporti italiani si sono distinti sulla scena internazionale per la loro capacità di sviluppare rotte aeree e collegamenti con le principali destinazioni. I premi, in questo caso, sono stati assegnati tenendo conto della disponibilità di voli diretti e del numero di passeggeri in transito, ma anche valutando l’apertura verso nuove destinazioni e la collaborazione con le compagnie aeree per creare nuove opportunità di traffico.

I migliori aeroporti per voli e collegamenti nel 2026

Ai Routes World Awards 2026, Roma Fiumicino ha conquistato il titolo di vincitore assoluto e il primo posto nella categoria degli scali con oltre 30 milioni di passeggeri all’anno. A seguire si è posizionato l’aeroporto di Cagliari-Elmas, che ha ottenuto il riconoscimento nella fascia compresa tra 5 e 10 milioni di passeggeri.

Il premio per lo scalo romano arriva in una fase di espansione dei collegamenti, che nel 2025 ha registrato:

  • un traffico record di 51,3 milioni di passeggeri, con un incremento del 4% rispetto all’anno precedente;
  • 10,8 milioni di viaggiatori sulle rotte di lungo raggio.

Il programma di sviluppo della rete previsto per quest’anno, invece, comprende:

  • oltre 40 nuove rotte, più di 15 nuove destinazioni e l’ingresso di quattro nuove compagnie aeree;
  • 22 aeroporti del Nord America, con servizi che includono Seattle, operata da Alaska Airlines, e Houston, collegata da Ita Airways.

All’aeroporto di Cagliari il premio è andato soprattutto per il lavoro svolto per ampliare i collegamenti e rafforzare la connettività della Sardegna. L’offerta dello scalo sardo si è tradotta in un ampliamento che ha portato a:

  • lo sviluppo di 12 nuove rotte di linea per la stagione estiva 2026;
  • quattro nuovi collegamenti per l’inverno 2026-2027 e un aumento di frequenza su 45 rotte già esistenti.

Secondo i dati riportati in occasione dell’assegnazione dei premi, la capacità prevista per l’inverno 2026-2027 è di circa 2,2 milioni di posti, grazie soprattutto agli sforzi per ridurre le oscillazioni stagionali del traffico. La stagionalità rappresenta una delle principali sfide per l’economia turistica sarda. Durante l’estate, il richiamo delle spiagge e delle località costiere alimenta la domanda di voli e servizi ricettivi. Nei mesi autunnali e invernali, al contrario, la riduzione dei flussi può rendere più difficile mantenere un’offerta ampia e frequente.

Un’offerta più distribuita nel corso dell’anno può quindi aiutare le strutture ricettive a programmare aperture più lunghe, offrire maggiori opportunità di lavoro e rendere più sostenibili gli investimenti in ristorazione, trasporti ed esperienze turistiche.

Routes World Awards 2026, come vengono premiati gli aeroporti

La cerimonia dei Routes World Awards si è svolta il 22 ottobre 2026 a Francoforte, in Germania, nell’ambito di Routes World, appuntamento internazionale che riunisce aeroporti, compagnie aeree e organizzazioni turistiche per discutere le strategie di sviluppo delle reti aeree.

Per le categorie dedicate agli aeroporti e alle destinazioni, la valutazione coinvolge una giuria composta da esponenti del settore della pianificazione delle reti delle compagnie aeree. Per ottenere i riconoscimenti, tuttavia, ci si deve candidare, dopodiché le candidature vengono esaminate sulla base del contributo offerto allo sviluppo della connettività e dell’efficacia delle iniziative messe in campo per favorire nuovi collegamenti.

Non si tratta, quindi, di una semplice classifica degli aeroporti più grandi o più frequentati, né di una graduatoria basata esclusivamente sulla qualità dei servizi ai passeggeri. L’attenzione è rivolta alla capacità di:

  • costruire relazioni con i vettori;
  • individuare nuove opportunità commerciali;
  • rendere sostenibili le rotte nel tempo.

Il lavoro di sviluppo delle rotte comprende perciò analisi di mercato, negoziazioni commerciali, promozione territoriale e iniziative di marketing condivise.

Pressed on affordability at town hall, JD Vance says all the wrong things

30 October 2026 at 13:57

With time running out in the election cycle, JD Vance participated in a primetime town hall on Fox News, which was largely unremarkable except for one unexpected exchange.

A local college student told the vice president that the right routinely tells young people to get married and have children but that conservatives have failed to acknowledge how financially difficult this is for many. She asked, “So my question is, how does the right, and yourself, expect us to start families young when the average price of a home in America now costs more than $415,000, which just feels out of reach for us?”

It’s worth emphasizing for context that the question came from a young woman who identified herself as the vice president of her university’s Turning Point USA chapter. That is, Vance wasn’t confronting a political opponent; the question came from someone inclined to agree with the Trump White House.

Almost immediately, the Ohio Republican demonstrated the kind of political instincts that have made him famous.

Q: How do you expect us to start families young when the average price of a home feels out of reach?JD VANCE: I want to point out that I've only gotten one question about Jon Husted's ass

— Aaron Rupar (@atrupar.com) 2026-10-30T01:28:44.964Z

“I want to point out that I think that I have been asked four or maybe five questions by my count,” the vice president began. “I have only been asked one question about [Republican Sen.] Jon Husted’s ass — and it was by [Fox News’] Jesse Watters.”

So, during a nationally televised event, a young conservative voter asked a sincere question about one of the most pressing issues facing her generation, and Vance’s first thought was to make a joke about a senator’s backside.

It’s impossible to say just how many young voters watching at home were amused by this clumsy attempt at humor, but it seems likely the number was small.

It only got worse when Vance actually tried to answer the question with some substance.

“I think we have to take stock of the fact that the reason why housing exploded in the United States of America is in part because we allowed 20 million illegal aliens into our country to buy homes that ought, by right, go to American citizens,” the vice president argued.

Except that’s absurd. Vance’s statistic is wildly inflated and totally at odds with actual data — the idea that 20 million undocumented immigrants have the resources to buy up American real estate is nonsensical. (Last fall, he similarly complained to Fox News about importing “more and more low-wage servants” from other countries. How “low-wage servants” can afford to purchase homes has never been clear.)

The vice president went on to say, “Another reason why housing got too expensive in this country is because we allowed homes to be bought up by Wall Street and foreign investors.”

Unlike the rest of his response, this actually made some sense, though it touched on a problem Vance neglected to mention: Congress approved a bipartisan housing bill earlier this year that was designed to address the very problem he referred to. President Donald Trump, however, refused to sign it as part of a tantrum over a voter suppression proposal that he wanted but couldn’t have. (The housing bill, thankfully, became law anyway.)

This exchange didn’t have to be so politically messy for the vice president, but his unerring political instincts won out in the end anyway.

The post Pressed on affordability at town hall, JD Vance says all the wrong things appeared first on MS NOW.

Prepare for Decade of Pain, Warns IFS

30 October 2026 at 13:24

Britain must prepare for a decade of pain as the country faces the worst decade for household income on record after John Healey’s "tinkering" Budget, the Institute for Fiscal Studies has warned.

The post Prepare for Decade of Pain, Warns IFS appeared first on The Daily Sceptic.

Public sector an ‘afterthought’ to North Sea oil jobs, says Unison leader

30 October 2026 at 13:04

Andrea Egan calls for same political focus on teachers, care sector and NHS and says Jackdaw decision ‘a serious misstep’

The leader of the UK’s biggest trade union has called for the same political focus to be given to NHS, education and care sector workers as there has been on those employed in North Sea oil and gas.

Andrea Egan, the general secretary of Unison, said too often public sector workers were treated as an “afterthought” by the government compared with the “massive political focus” on protecting jobs in the North Sea.

Continue reading...

© Photograph: Gary Calton/The Observer

© Photograph: Gary Calton/The Observer

© Photograph: Gary Calton/The Observer

Reduced winter tariff for electricity in effect from Nov 1

30 October 2026 at 12:37

The two-zone winter reduced-rate tariff for electricity (formerly known as the “ night-time tariff”) will come into effect from Sunday, November 1, 2026, and will remain in force until March 31, 2027, the Hellenic Electricity Distribution Network Operator (DEDDIE) announced on Friday. Τhe hours for each zone are as follows: – Midday zone: 12 noon […]

The post Reduced winter tariff for electricity in effect from Nov 1 appeared first on Keep Talking Greece.

‘The Diary of a CEO’ says it’s getting tougher on health misinformation after criticism

30 October 2026 at 12:00
NEW YORK, NEW YORK - OCTOBER 08: Steven Bartlett speaks onstage during Shark Tank Stars And Showrunner In Conversation: Season 18 Highlights Screening And Talkback at 92NY on October 08, 2026 in New York City. (Photo by Natasha Moustache/Getty Images)
Steven Bartlett is fact-checking "The Diary of a CEO" but leaving his interview style unchanged.

Natasha Moustache/Getty Images

  • Steven Bartlett's "Diary of a CEO" has been fact-checking health and science episodes following a BBC probe.
  • The show uses pop-ups to provide more context during the show, and research reports go deeper.
  • There are weaknesses to its approach: the reports are long and dense, while the pop-ups are limited to video.

The top producer of the hit podcast "The Diary of a CEO" says the show has raised its bar for accuracy, an effort that began after a BBC investigation found it had shared harmful health misinformation.

"We're being more rigorous than we have in the past," Hans Sahni, the executive producer for "DOAC," told Business Insider. "That bar gets higher and higher every day."

The BBC reported in late 2024 that 15 of 23 health-related episodes contained an average of 14 potentially harmful claims.

A core part of "DOAC's" accuracy effort is fact-checking its guests. The show began its own fact-checking about six months after the BBC report. The team runs every episode through an AI-assisted review using Claude, Gemini, and Consensus. It also hired an independent medical Ph.D. researcher to review its health and wellness episodes.

Sahni said the show is putting every new episode through this process, and has fact-checked 71 episodes with the Ph.D. researcher. That amounts to about 13% of the 540 long-form interviews in its YouTube catalog. Sahni said the team is exploring the idea of fact-checking previously published episodes.

"DOAC's" fact-checking effort shows how independent creators are acting more like traditional media companies as they grow their audiences and attract the interest of big advertisers, who want their ads to run in brand-safe environments. Health and wellness have become particularly fraught topics, as many creators — including major stars like Joe Rogan — have been criticized for not pushing back against fringe views espoused by some of their guests.

"DOAC" host Steven Bartlett has come under more scrutiny as his megaphone has grown. "DOAC" has about 21 million subscribers on YouTube and regularly ranks as the top business podcast on Spotify. Bartlett recently told Fortune he projects the show will make $60 million this year from sponsorships and other sources.

In the video version of "DOAC" on platforms like YouTube and Spotify, when contested or complex topics arise, the show displays temporary pop-ups called "DOAC Community Notes" to rebut a guest or provide additional context. These are the result of the internal team's review or collaboration between the researcher and the show's team, who make the final call on what to put on screen.

The decision is based on the stakes of the claim, how strongly it's challenged by scientific literature, and what context is useful to the viewer in the moment — with an emphasis on fewer, higher-value interruptions.

The audio version doesn't have community notes, but information shared by the guest is cut if the team determines it to be inaccurate. An extensive fact-checking research document is linked in the show notes.

Sahni said the show's guest-booking and research teams have also become more disciplined in evaluating potential guests.

LONDON, ENGLAND - JUNE 20: Andrew Huberman attends healf.HX26 Served by smoov at The Store Studios, 180 Strand on June 20, 2026 in London, England. (Photo by Jeff Spicer/Getty Images for smoov)
Andrew Huberman has been called out for promoting unapproved peptides.

Jeff Spicer/Getty Images for smoov

'DOAC's' approach has its limits

Angie Drobnic Holan, director of the International Fact-Checking Network, a Poynter project, applauded the show for making an effort to provide more accurate and contextual information.

"I would like to see more podcast hosts presenting information in context," she said. "The bigger the audience, the bigger the responsibility, especially when there's risk for harm."

Holan saw some limitations to "DOAC's" approach, though.

She said the sourcing on the Community Notes was unclear to viewers, as was who wrote the research briefings. She questioned whether the audience would read them, given that they're long and dense and don't present clear takeaways. The research documents often run upward of 80 pages. "DOAC" said it didn't have reliable user data on readership but was looking at getting that measurement.

Holan suggested that, overall, it's better to vet guests beforehand and have the interviewer fact-check the guest as they go.

Sahni said "DOAC" isn't a news program and doesn't present itself as such. At the same time, the show has a responsibility to the audience, he added.

Sahni said his team is working to improve the fact-checking process based on audience feedback and to expand its scope. For example, some viewers have said the pop-ups disappear too quickly or that there are too many of them.

The team uses Consensus, an AI research platform, in the fact-checking process and is exploring the use of its Consensus Meter, a visual feature, on-screen.

Figuring out how to present the same info on audio as on video without interrupting the listening experience is another hurdle. Right now, audio listeners can access the research document, but there's no audio equivalent of the on-screen pop-up.

NEW YORK, NY - FEBRUARY 25: Michael Breus attends the 2012 Health and Happiness Summit at Radio City Music Hall on February 25, 2012 in New York City. (Photo by Eugene Gologursky/WireImage)
Michael Breus is a prominent sleep researcher.

Helen Healey/NBC via Getty Images

Pop-ups challenged guests on drug and science claims

"DOAC" has had ample opportunity to put its fact-checking to work. Bartlett recently interviewed neuroscientist and podcaster Andrew Huberman, who's been called out for promoting unapproved treatments.

Throughout the interview, which has over 8 million views, occasional pop-ups challenge Huberman's medical claims, especially about peptides and weight-loss drugs.

Huberman said his sleep improved after he took the peptide pinealon. A 20-second pop-up appeared that read in part, "Evidence from human clinical studies remains limited."

Another pop-up read, in part: "Interest in peptides has surged, particularly for weight loss and skin health, but many marketed products are not FDA-approved and lack strong evidence from human clinical trials."

When Huberman calls the weight-loss drug Retatrutide "amazing" and says people lost about one-third of their body weight on it, a pop-up cautions that the drug remains under investigation and isn't FDA-approved.

In an episode with sleep specialist Michael Breus that has 13 million views, Breus said 75% of the reason for insomnia is anxiety and depression. The research doc said insomnia has multiple contributors.

When aging researcher David Sinclair recommended eating a Brazil nut a day for its selenium, a pop-up warned that excessive intake can cause toxicity.

"There's a tension between having a provocative guest and presenting the most accurate information we possibly can," Sahni said. "We're always going to lean toward being as accurate as we feel we can be. We're not journalists. None of us are and don't purport to be the news."

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Crypto platform Binance confirms 'complex' $6.3 billion hack

30 October 2026 at 11:38

Cryptocurrency platform Binance said Friday it was working to resolve a "complex attack" that affected around $6.3 billion in funds, in what is thought to be the biggest ever crypto heist.

The company—the world's largest crypto exchange by daily trading volumes—said investigations had "uncovered additional points of breach", contrary to initial findings that suggested the hack involved a single compromised laptop.

"This was a complex attack, and we are doing all we can in coordination with law enforcement to resolve it," Binance wrote on X.

Blockchain investigation firm TRM Labs said it had "high confidence" that the attack was orchestrated by a group of hackers affiliated with North Korea called TraderTraitor.

"Several features of this attack match earlier North Korea-linked heists," TRM said.

TraderTraitor is believed to be part of Lazarus Group -- which gained notoriety in 2014 when it was accused of hacking into Sony Pictures as revenge for "The Interview," a film that mocked North Korean leader Kim Jong Un.

Binance confirmed on its X account for Latin America that "the total estimated impact is around $6.3 billion."

That is four times the amount impacted in the biggest-ever cyberattack of its kind to date: $1.5 billion taken in February last year from the Bybit platform.

That heist was attributed at the time to North Korea-backed TraderTraitor.

Binance warned the $6.3 billion figure "may continue to increase as our teams work closely with law enforcement, issuers, blockchain intelligence firms and industry partners to trace and freeze additional assets."

It said around $3 billion in affected assets had been frozen.

Binance earlier posted a series of sometimes contradictory messages, insisting that "user funds are completely safe" but also saying it would "cover all losses.

Fund freeze

At about 0900 GMT Friday, Binance said it was on track to resume withdrawals in 45 hours, after announcing earlier that all deposits and withdrawals had been "temporarily suspended".

"Deposits remain unaffected," it said.

The company had said on X that initial investigation suggested the hack involved a compromised laptop belonging to a "DevOps engineer," allowing the unauthorized party to access a "service container" and execute unauthorized withdrawal transactions.

"We have found no evidence of any private key leaks from wallets," it said, promising to share a detailed technical analysis once investigations were complete.

But it said later that "subsequent investigation has uncovered additional points of breach."

Paolo Ardoino, the boss of Tether -- a company that issues a cryptocurrency known as USDT -- said his firm froze about $1.6 billion "related to a potential Binance exchange hack."

Jeremy Allaire, who runs cryptocurrency platform Circle, said his company had frozen more than $800 million in USDC.

USDT and USDC are both "stablecoins," or digital currencies whose value is linked to a traditional currency, the US dollar.

The US Department of Justice and the FBI did not immediately respond to requests for comment.

Crypto prices tumble

For several hours before Binance confirmed the attack, industry observers said hackers had managed to reach the platform.

The prices of most major cryptocurrencies fell on news of the cyberattack, except for the stablecoins, which by definition can only fluctuate within tight margins.

Bitcoin and Ethereum plunged nearly five percent and nearly six percent respectively on the news. BNB, native to Binance, tumbled nearly 10 percent.

The attack on Binance comes as many observers express worries that the ever-expanding capabilities of artificial intelligence (AI) models could compromise cryptography and IT security protocols.

MrBeast has an unusual legal 'expectation' for departing employees

30 October 2026 at 11:30
Jimmy Donaldson, a.k.a. MrBeast
Jimmy Donaldson, a.k.a. MrBeast, has an expectation for departing employees that lawyers say goes beyond the norm.

Prodip Guha/Getty Images

  • MrBeast has an unusual expectation for ex-employees: Don't talk about MrBeast on social media — at all.
  • Labor lawyers said the language in a letter outlining obligations for departing employees was uncommonly broad.
  • A MrBeast rep said the language is meant to protect employees and the company from harassment.

MrBeast has an unusual expectation for departing employees: The world's top YouTuber doesn't want them to post about him — even if they're saying nice things.

Employees leaving the company of MrBeast, whose real name is Jimmy Donaldson, receive a letter outlining their obligations, including an "expectation" that they refrain from creating, commenting on, or engaging with social posts involving Donaldson, his company Beast Industries, or any of its employees. Business Insider viewed one such letter and confirmed it was the standard version used by the company.

The letter also states that the employee should not disclose nonpublic information about the company or make false or disparaging statements about it.

Three employment lawyers told Business Insider that the letter had a few uncommon features, pointing particularly to the references to social media.

"It does seem like an unusual burden to not be able to comment on social media," said V. James DeSimone, a California-based attorney. Plus, the letter doesn't offer any severance or other consideration in exchange, he added.

A Beast Industries spokesman said the social media language is intended to protect employees and the company from harassing behavior on social media.

Evan Fray-Witzer, of the firm Ciampa Fray-Witzer — who has experience working with creators — said the language in the MrBeast letter was broader than typical nondisparagement clauses he's seen. That's because it covers all comments, not just negative ones, and also extends to every post that references the company.

"If you were to read this literally, the person couldn't hit the 'like' button on a MrBeast post," Fray-Witzer said. "That's absurd."

Donaldson has been chasing YouTube fame since he was a teen, and the colossus he's built is the result of the tight creative control he exerts. He's known to obsess over his videos and his image and to kill projects he doesn't believe meet his standards.

Russell Berger of Offit Kurman said the language might be understandable in the context of a social media star's company, but thought the letter was unusually formal, long, and cold in tone.

"This is more of a putting-you-on-notice way of doing it," he said. "Mostly when people leave a job, they don't get a reminder of what they can and can't do."

Legal bark or bite?

Fray-Witzer said the company's motivation is understandable: It likely doesn't want former employees undermining its brand or profiting from MrBeast's content.

The 28-year-old creator, who has over 523 million YouTube subscribers, has been rapidly scaling up his company, which was valued at around $5 billion last year. The operation has grown to nearly 800 employees as it has expanded into areas like candy and financial services.

"Where it becomes more questionable and heavy-handed is the extent that it is being used simply to silence former employees from saying anything about MrBeast or the company," Fray-Witzer said of the letter.

The lawyers who spoke with Business Insider said the letter isn't a contract and is likely not enforceable.

DeSimone said, however, that if the employee previously signed an agreement saying they wouldn't comment about Beast Industries on social media, and then did so, the company could potentially have a basis for legal action.

It might be hard to get a judge to enforce the provision, however, and MrBeast would likely "have to prove some sort of damages," Fray-Witzer said.

Even if the language isn't enforceable, it could still have a chilling effect.

"The question for the employee is always, what's worth the juice here?" DeSimone said.

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Disney, e.l.f. Beauty, and more, share their best creator-marketing moves

30 October 2026 at 11:00
LOS ANGELES, CALIFORNIA - MARCH 23: Carter Kench attends the World Premiere of Disney+'s "Hannah Montana 20th Anniversary Special" at El Capitan Theatre on March 23, 2026 in Los Angeles, California. (Photo by Julian Hamilton/FilmMagic)
Disney has embraced TikTok's Live feature to do red-carpet interviews for premieres, featuring personalities like Carter Kench.

Julian Hamilton/Getty Images

  • Influencer marketers from Disney, the NFL, and more shared novel ways they're using platforms today.
  • They're embracing Substack for cultural cachet, Threads to experiment, and YouTube for entertainment.
  • Brands are also bringing creators in earlier, treating them more like creative partners.

Creators are jumping among an ever-wider mix of platforms and formats — and brands are scrambling to follow them.

We asked the most innovative marketers working with influencers which platforms and tactics have their attention right now — and why.

Marketers from Disney, e.l.f. Beauty, and others told us they're using platforms like TikTok to own the red carpet, Substack to align with tastemakers, and Threads to experiment.

"YouTube is a home for creators. TikTok is a great way to get discovery," said Ian Trombetta, the National Football League's senior vice president of global social, creator, and content marketing. "And then Instagram is another big one for us as it relates to discovery. Even platforms like X and Reddit have a really important role to play."

Beyond platforms, brands like Keurig Dr Pepper are also exploring ways to work directly with creators, involving them earlier in the campaign process.

"A major shift has been pivoting away from rented reach to true collaboration," said Samim Sadrzadeh, Disney's director of creator content and partnerships. "For a long time, the industry treated creators as ad placements. We think that significantly undersells the value they actually bring."

Substack, Threads, and more

YouTube and creators are taking over the living room, and marketers like e.l.f. Beauty and St. Jude's fundraising organization ALSAC are leaning in, not wanting to be left behind.

"We have a lot of plans around long-form content, and that's a great place to show up," said Patrick O'Keefe, e.l.f. Beauty's chief integrated marketing officer. "We've been on YouTube for years. We're now looking at it from the lens of entertainment."

Others, like Poppi and Rothy's, are embracing the newsletter platform Substack to partner with creators. For some creators, Substack has become a way for them to get more personal with their biggest fans. That helps Poppi plan collaborations, said Sophia Sesto, Poppi's vice president of culture.

Kemma Kefalas, Yahoo's senior director and head of Creative Lab
Under creator marketer Kemma Kefalas, Yahoo has leaned into Threads to try out new things.

Yahoo

Yahoo has found value in Meta's Threads as a way to try out ideas in a lower-key environment before putting them out on bigger platforms, especially if it's jumping on a cultural moment and isn't sure how the effort will go over. When Taylor Swift released "Patient Zero," Yahoo riffed on it with a Thread that tied the "Os" in its name to the song.

"I think it's a little less precious over there, and it feels like a fun place to kind of gut check certain things, see how they'll perform," said Kemma Kefalas, Yahoo's senior director and head of Creative Lab. "It's just been a nice kind of litmus test for us."

Disney has especially found success with TikTok's Live feature, finding it a customizable way to build excitement for premieres. For "Zootopia 2," it had the viral squirrel character Nibs interview cast on the red carpet, while internet personality Carter Kench played host for the "Hannah Montana 20th Anniversary Special."

"Those moments work because we treated the platform as a canvas for a new kind of storytelling that connects directly to audiences in real time," Sadrzadeh said.

Brands are going direct

Platforms may always be a necessary part of doing business with creators. But going direct has become a bigger buzzword as many brands seek to bypass platforms entirely.

Keurig Dr Pepper, for one, wouldn't typically hire a creator through a platform's marketplace, said Lindsay Burstein, senior director of integrated social and communications, using TikTok as an example.

"We would hire the creator, have them post on TikTok. Then we have the ability to use that content and distribute it across multiple channels, but slice it up in different ways that make sense for that channel."

Influencers spent a long time trying to convince marketers to take them seriously. This year, marketers are expected to spend $44 billion with creators, more than tripling in five years, per the Interactive Advertising Bureau.

As brands increasingly treat creators as long-term partners, they're engaging with them earlier in the marketing process.

Yahoo's approach is to find creators who are entertaining and figure out how to insert itself into their work, rather than vice versa, as it did with TV persona Kyle Cooke to promote its new Yahoo Weather app.

"We're working with them for the entertainment that they bring to people, and we'll Yahooify it," Kefalas said. "Our briefs are often loose in those regards. We're not doing a lot of 'talk to camera, promote products' kind of thing. We've gotten a lot of positive feedback from creators that they've loved that opportunity to just do what they do best."

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Podcasters 'The Tiger Sisters' explain how to do a 4-factor 'friendship audit'

30 October 2026 at 11:00
LOS ANGELES, CALIFORNIA - NOVEMBER 01: Cherie Brooke Luo and Jean Luo attend the Asian Hall of Fame Induction Ceremony at Biltmore Los Angeles on November 01, 2025 in Los Angeles, California. (Photo by Olivia Wong/Getty Images)
Cherie Luo and Jean Luo have branched out to more emotional topics on their show, "Tiger Sisters."

Olivia Wong/Getty Images

  • The Tiger Sisters shared advice on when to keep friendships and when to walk away.
  • Cherie and Jean Luo are applying their signature analytical approach to emotional topics.
  • They laid out four factors to consider in evaluating friendships.

The Tiger Sisters became top business podcasters by sharing their educational and career experience at Stanford, Goldman Sachs, and more. Now, the self-described "Silicon Valley and Wall Street big sisters" are applying their mindset to friendships.

"I think everyone privately has gone through a friendship breakup at some point in their life, whether it's passive or active," Cherie Luo said in an interview. "And it's something that doesn't get enough attention because when we think relationships, we mostly think the romantic breakup is the most traumatic."

In a three-part series on the subject this month, the hosts broke down how they audit relationships with pals and when they know it's time to break up with a friend.

The sisters, who just joined the Vox Media Podcast Network, started out in 2024 by sharing lessons from their school and work experiences and have since introduced more emotional content. It's a bet that their formula can extend to a broad array of topics and give them more staying power as they aim to grow into a larger media company.

"We did start Tiger Sisters with a very, very business-oriented approach," Jean Luo said. "It was more so our audience that kept asking us like, 'Well, what about how does this apply to friendships? Who are you guys dating? What's going on in your relationships, in your dating lives?'"

In the friendship episodes, the sisters took a data-driven approach, drawing on academic research and layering in their own experiences rather than just venting about breakups.

"I think it's kind of in our DNA of, 'How do we make sense of something that could potentially be very messy and emotional and bring a framework to help guide us through it?'" Cherie Luo said.

When to end a friendship

The sisters say people should consider four things when evaluating a friendship: who you are, where you are in your life, who the friend is, and how they'll fit into your life going forward.

"By providing this framework, it helps the listener and the Tiger fan take a step back from what is inherently an extremely emotional topic," Jean Luo said. "You can then decide if you want to go through an active or a passive dissolution."

Researchers have found that most friendship endings happen passively when people grow apart, Cherie Luo said. This leaves open the possibility that the friendship could be rekindled, whereas abrupt endings tend to be more acrimonious and permanent.

"It is less disruptive to a broader friend group," Jean added. "Friendships don't exist in a vacuum."

In the podcast, they also discussed alternatives to ending a friendship: distancing yourself or changing the role the friend occupies in your life.

They gave the example of a friend who was tired of always being canceled on by a pal. Rather than break up with them, they addressed the problem by double-booking them.

If you decide a friendship's run its course, you don't have to take the leap and break up with them immediately, the sisters said. It's important to take the rest of your life into account.

"Let's say you just had a baby, and you are starting a new job, and you are helping your parents with their health," Jean Luo said. "If there's a lot of things going on, maybe you actually don't need to address that friendship breakup right now. Even if the right decision is to end a friendship, there are a million different ways in which you can approach it."

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