Veteran journalist Joe Nocera’s neighbor in the Hamptons was a therapist named Ike. Ike counted celebrities and Manhattan elites as his patients. He’d host star-studded parties at his eccentric vacation house. But one summer, Joe discovered that Ike was gone and everything he’d thought he’d known about his neighbor -- and the house next door -- was wrong. From Wondery, the company behind Dirty John and Dr. Death, and Bloomberg, “The Shrink Next Door” is a story about power, control and turni ...
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A charming young Czech promises staggering returns. An entire country’s oil industry is up for grabs. America’s top investors want in. Sounds too good to be true? Damn right it is. This is a story of private jets, $20,000 dinners, and suitcases stuffed with cash. It’s also a tale about the collapse of communism, the free-for-all that followed, and the birth of the oligarchs. And it’s a story of plain-old human greed...of just how far the rich may go to get even richer. Viktor Kožený smooth-t ...
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Big Business is shaping the world in unprecedented ways. Through a series of conversations with today’s best business writers and thinkers, journalist Bethany McLean (co-author of The Smartest Guys in the Room) cuts through the hype and hand-wringing to reframe the stories you thought you understood and uncover the ones you didn’t know were important.
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After 18 months in a notorious Bahamian prison, Viktor walks free. But he’s still being hunted. The Czechs put him on trial in absentia. Trapped in the Bahamas, Viktor is shunned. For so long a self-promoting, globetrotting high roller, he seems to have disappeared from public view. Where is he? Where’s all that money? And will he ever face justice…
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Still reeling from the failed deal, investors begin to believe that Viktor may have double-crossed them. US Law enforcement also sets its sights on Viktor, investigating criminal allegations of a bribery scheme. Viktor is banged up in the Bahamas, fighting extradition to the U.S. The Pirate of Prague is an Apple Original podcast, produced by Blanch…
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Viktor and his investors await the Azeris’ approval of the oil deal they hope will trigger the ultimate payday. They bend over backwards to keep key officials onside. The Pirate of Prague is an Apple Original podcast, produced by Blanchard House. Follow and listen on Apple Podcasts. apple.co/pirate See Privacy Policy at https://art19.com/privacy an…
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Just days after his swanky Christmas party in Aspen, Viktor starts recruiting his high-flying guests for his next grand plan: getting control of the state-owned oil company of Azerbaijan. With promises of eye-watering returns, Viktor sweet-talks a group of elite investors into putting up big bucks, including a Wall Street billionaire and one of Was…
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Mired in a bribery scandal and wanted by the Czech authorities, Viktor flees to the Bahamas with his young family and a large sum of cash. In the exclusive resort of Lyford Cay, he starts to spend it in earnest. But he’s already got his eye on his next deal—a deal he hopes will catapult him into the ranks of the mega-rich. The Pirate of Prague is a…
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With the old Czech communists ousted, Viktor finds his one true talent— making money. Lots of it. He rapidly amasses a vast fortune by persuading fellow citizens to invest with him so he can hoover up valuable state assets. But when rumors about his business start flying, Viktor finds himself caught up in a scandal involving some of the country’s t…
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How it all started: After escaping communist Czechoslovakia, the wily young Viktor orchestrates a trip to America by posing as a physics prodigy. Taken in by a generous college professor, Viktor then runs off with the man’s wife and talks his way into Harvard. Returning to Prague just as communism is imploding, Viktor spots an opportunity that will…
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Christmas 1997. Viktor Kožený, a charismatic financial whiz kid from the former Czechoslovakia, throws a lavish party at his $20-million mountaintop mansion in Aspen. It’s so excessive that even his super-rich neighbors are blown away. But what they don’t realize is that their charming host is about to take them for the ride of their lives. The Pir…
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A charming young Czech promises staggering returns. An entire country’s oil industry is up for grabs. America’s top investors want in. Sounds too good to be true? Damn right it is. This is a story of private jets, $20,000 dinners, and suitcases stuffed with cash. It’s also a tale about the collapse of communism, the free-for-all that followed, and …
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Where to find Episodes 2-6 of The Shrink Next Door
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0:46The Shrink Next Door has moved. You can listen to all six episodes ad-free by subscribing to Wondery+ in Apple Podcasts or the Wondery app: https://wondery.com/links/shrink-next-door/ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.…
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In the Season One finale of Making A Killing, Bethany brings back her friend, colleague and co-author Joe Nocera (Bloomberg Opinion columnist and creator of The Shrink Next Door podcast) to bookend the season with a lively analysis of the former head of Nissan Motor Co. and Renault S.A., Carlos Ghosn... sure to go down in history as one of the wild…
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Malcolm Harris on "Keynes Was Wrong. Gen Z Will Have It Worse."
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37:45John Maynard Keynes, the founder of macroeconomics, thought he knew what his grandchildren would be facing today. He imagined that capitalism would be almost over by now, having simply been a means to greater ends. About other things he was right; about capitalism being over, he was very, very wrong. Today's guest, Malcolm Harris -- editor of The N…
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The inconvenient truth of oil is that it is still the lifeblood of industrialized nations -- and the price, politics and pollution of it matters. A lot. But one of the funny things about oil is how everyone who dares to make predictions has one thing in common: They’re wrong. In this episode, Bethany talks with Liam Denning, a well-known Bloomberg …
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Kirsten Korosec on the Rocky Road for Self-Driving Cars
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39:43Autonomous vehicles, or self-driving cars, are often painted as a utopian-like technology that will save time (no traffic), save lives (no crashes), save money (billions!), and maybe even save the Earth (no emissions). But, as TechCrunch's Kirsten Korosec notes in her recent piece, “Who Will Own the Future of Transportation?” even if autonomous veh…
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Chris McCann on Cryptocurrency in the Real World
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40:41Cryptocurrencies are still in their infancy, as it seems most people agree, but it also feels like we’ve reached a tipping point. Even in Crypto Winters when Bitcoin prices crash, undeniably formative companies and global leaders (Starbucks, Microsoft, Visa, Facebook, the entire nation of China!) continue to make significant bets on the space. As w…
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Paul Tough on How College Makes Us or Breaks Us
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43:57If there’s a defining feature of upper income life for people with children, it’s school stress. How do you get your kids into the right preschool so they can get into the right high school so they can go to the best college? Paul Tough’s new book THE YEARS THAT MATTER MOST: How College Makes or Breaks Us, reveals why college, which is supposed to …
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Nick Lemann on Shooting Sacred Cows (in Economics)
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33:00It's easy to take the economic mores of the time in which you live for granted. It's so easy, in fact, that it doesn't occur to most of us to question them. But question them we should. In his new book, TRANSACTION MAN, longtime journalist and Dean Emeritus of the Columbia Journalism School Nick Lemann shows that the beliefs that have shaped our mo…
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Mark Rampolla has been at the forefront of not one, but two industry-making companies. The first was his own ZICO coconut water, which birthed an $8 billion alternative beverage industry. The next saw Mark as an investor in Beyond Meat, which has been leading the plant-based food revolution. In both cases, the pioneering companies were met head on …
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Vanessa Grigoriadis on the Business of Ivanka Trump
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37:11From the minute her dad took office, Ivanka and her business affairs have been at the center of controversy. Even though Ivanka removed herself from her Ivanka Trump fashion company when she entered the White House as a formal Adviser in 2017, she was forced to close the brand in Summer of 2018 due to continuing questions of conflicts of interest. …
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Fake News and Fact Checking on Social Media with Kyle Pope
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39:41Bethany talks to Kyle Pope, editor in chief and publisher of the Columbia Journalism Review, about the importance of fact checking. In this terrifying new world of fake news, it's more important than ever. Are the major social platforms doing enough, or is it just a losing battle? Learn more about your ad-choices at https://www.iheartpodcastnetwork…
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The Business of Cannabis: Chatting about the highs and lows, with Jackson Tilley
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33:47Now that cannabis is "legalish" there are a host of new opportunities for emerging businesses and investments... but also a decent amount of playing wait-and-see. Today, pot is legal in 33 states. But it is still illegal at the federal level. From a financial point of view, too, the short history of cannabis stocks is... high and lows! In this fasc…
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Consumer v. Retailer: Online Shopping Gone Wild
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32:39Bethany talks with Jerry Useem, contributing editor to The Atlantic, about online shopping. Who has the power in the ever-expanding world of online shopping - the retailer or the consumer? Learn more about your ad-choices at https://www.iheartpodcastnetwork.com See omnystudio.com/listener for privacy information.…
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The Debt Bomb in Middle America, with Ken Brown
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34:42The Wall Street Journal headline reads: “Families Go Deep in Debt to Stay in the Middle Class.” In the article, we meet several responsible, educated, well-employed families who are making nearly $150,000 a year… yet going deeper into debt with every paycheck. With, it seems, no way out. This is scary because it’s true, it’s widespread, it’s fundam…
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Brexit as Game of Thrones, with Gillian Tett
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41:52Bethany sits down with Gillian Tett, Chairman of the Financial Times Editorial Board (U.S.) and a British author. Among many other things, she has a way of looking at the big picture questions and implications of Brexit. In the U.S as in the U.K., we’re watching the daily breakdown of the political norms and processes that we’ve all been used to fo…
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Tesla, and why "Elon Musk doesn't care about you" with Linette Lopez
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49:07One of the questions Bethany has obsessed over in her years of covering big business is this: "What is the line between a visionary and a fraudster?" If any piece of Elon Musk's current empire (Tesla, SpaceX, The Boring Company, etc) works in the long term, he’ll go down in the history books as a visionary. But will the problems he has created, and…
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The Business and Crisis of Opioids, with Barry Meier
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38:04In 1996, a prescription opioid known as OxyContin hit the market. It was among the first opioids to be heavily marketed (yes, legally) and since that time, more than 400,000 Americans have died from opioid overdoses—including some 200,000 from prescription opioids. Millions more continue to struggle with addiction, and entire communities have been …
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An Inside Look At The Crisis At Boeing, with Bloomberg's Peter Robison
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35:51Bloomberg writer Peter Robison conducted more than a dozen interviews with former Boeing employees and FAA inspectors, and went through hundreds of pages of internal emails and records. In a piece entitled “Former Boeing Engineers Say Relentless Cost Cutting Sacrificed Safety” he writes this: “The crisis is best understood as part of a larger drama…
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The Risks and Realities of Private Equity, with Dan Rasmussen
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39:33It isn’t a secret that pension funds, which we all rely on to some degree or another to pay for our retirements, are in dire straits. Ready for a scary number? The combined funding deficit of public pension plans in the U.S., across all 50 states, was reported at an alarming $1.28 Trillion in 2017. Thank goodness we have a savior! It’s the private …
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Netflix: The House (Of Cards) That Reed Hastings Built
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36:39Bethany talks with WSJ reporter Sahil Patel about the future of Netflix. Netflix is an incredibly aggressive company with a long term plan to monopolize all our time. There is no chilling going on. CEO Reed Hastings often describes Netflix’s business as a virtuous cycle, saying “We get more customers, we get more money, we can afford more content, …
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Mike Isaac Is SUPER PUMPED To Talk All Things Uber
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35:10You don’t name your company "Uber" if you are planning to play by all the rules, make decisions by committee, and be everyone’s friend. But you probably also don’t make it to the top of the tech world by setting everything on fire, just because you can. (You can’t). In this episode, Bethany chats with Mike Isaac, who is in charge of covering Uber f…
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Katherine Eban's BOTTLE OF LIES: The Inside Story of the Generic Drug Boom
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39:02Katherine Eban’s new book, Bottle of Lies, is terrifying. Here’s why: 90 percent of our pharmaceutical market is comprised of generics. Without generic medications, drug prices would not just be a problem, but literally a killer. And our doctors tell us these drugs are safe. But, according to Katherine, we actually cannot trust generic drugs. Find …
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Bethany talks with Allison Schrager, author of the new book, An Economist Walks Into A Brothel. She’s a retirement finance economist, and has spent years talking to risk takers in all kinds of businesses. In a Hollywood-worthy twist, she has lately been studying risk in the unlikeliest of places -- talking to sex workers at The Bunny Ranch brothel …
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Rana Foroohar wonders: What are companies actually for?
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36:38Financial Times columnist, CNN analyst and author Rana Foroohar has a question for you. Since only 15% of the money that is flowing out of the largest financial institutions is making it into the real economy... where's the other 85% going? In this episode, Bethany and Rana discuss the problem of "financialization" which essentially means that trad…
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Fred Vogelstein on the Problem of Facebook's Power
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39:23
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39:23Bethany talks to Wired contributing editor Fred Vogelstein about Facebook. They discuss why obsessing about Facebook and privacy might be the wrong place to focus. The other question is what happens when heads of corporations are more powerful than most heads of states and how does that power manifest itself? Learn more about your ad-choices at htt…
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Bethany speaks to Black Edge author and New Yorker writer Sheelah Kolhatkar on the issue of short termism highlighting how Panera does things differently. They discuss why a focus on producing profits NOW can divert research and development dollars that could have a big impact to the company in the future. Learn more about your ad-choices at https:…
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Geoff Colvin on the Rise and Fall of an American Retail Icon
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41:15Longtime Fortune magazine writer, author and analyst Geoff Colvin writes about the sobering bankruptcy of the once dominant Sears Roebuck & Co., saying that: “the Sears story should scare us.” In this episode, Bethany and Geoff discuss the rise and fall of Sears—where did Sears go wrong?—and if its decline was inevitable, or fixable. And what can o…
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Alex Gibney on Theranos, Fraudsters and Visionaries
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37:20Ever since the days of Enron, I’ve been fascinated by this question: What separates a visionary entrepreneur from a fraudster? Being a visionary requires being able to tune out other people’s doubts, to say you’re right and everyone else is wrong, to persist through impossible difficulties because you believe your goal is grand, and worthy … even a…
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Eliza Griswold on what does fracking, fracture?
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33:13In this episode, Bethany goes deep with Eliza Griswold, Pulitzer Prize winning author of Amity & Prosperity. They discuss the upside and downside of progress told through the lens of energy. Technological innovations like fracking are destructive at the very same time that they are also drivers of opportunity, political power, and wealth (for some)…
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Joe Nocera on Juul, vaping, and the lesser of two evils
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34:45Juul is the wildly popular, wildly valued and wildly controversial vaping company. Juul became the fastest startup ever to reach a valuation of more than $10 billion dollars — beating the pace set by tech giants Facebook and Snap by four times. Juul as a company claims that it is focused on harm reduction, arguing that vaping gets existing smokers …
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There is so much to understand about Amazon. Given its rate of growth and change, it can feel a little dizzying to keep up. But my main interest is not in whatever the latest, daily headlines are about the company. I’m interested in what all those headlines add up to, taken as a whole. What Amazon has become, what industries it has disrupted and fo…
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Learn more about your ad-choices at https://www.iheartpodcastnetwork.com See omnystudio.com/listener for privacy information.By Pushkin Industries
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A summer party. A stormy night. And a shocking revelation about Joe’s neighbor next door. The Shrink Next Door is now an Apple Original series, starring Will Ferrell and Paul Rudd. Watch now only on Apple TV+ http://apple.co/-TheShrinkNextDoor Binge all episodes of The Shrink Next Door exclusively and ad-free by joining Wondery+ in the Wondery App,…
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Veteran journalist Joe Nocera’s neighbor in the Hamptons was a therapist named Ike. Ike counted celebrities and Manhattan elites as his patients. He’d host star-studded parties at his eccentric vacation house. But one summer, Joe discovered that Ike was gone and everything he’d thought he’d known about his neighbor -- and the house next door -- was…
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continue reading