Why there are roving rotisserie chicken mobs

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• AI job interviews might reduce visual discrimination against candidates, such as those who are blind, but new biases related to vocal characteristics or accents could emerge, for which research is still lacking.  Copied to clipboard!
• The M2 money supply includes the monetary base (coins/bills/Fed balances), M1 (M1 plus checking accounts), and further expands to include less liquid assets like Certificates of Deposit and money market funds.  Copied to clipboard!
• The high demand and relatively stable price of rotisserie chickens, despite general inflation and occasional supply chain disruptions, are driving the observed 'angry mobs' fighting for them at grocery stores.  Copied to clipboard!

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Listener Question: AI Bias

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(00:00:47)

• Key Takeaway: AI job interviews may reduce visual discrimination, but potential bias against certain accents or vocal characteristics remains unresearched.
• Summary: A listener asked if AI interview chatbots eliminate bias against blind candidates. Expert Brian Jabarian suggested voice-only AI interviews could remove visual cues, potentially reducing visual discrimination. However, he noted a lack of research on how AI might judge vocal characteristics like accents or pitch.

Explaining M2 Money Supply

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(00:04:05)

• Key Takeaway: M2 money supply encompasses M1 plus less liquid assets like CDs and money market funds, measuring broader economic liquidity.
• Summary: The monetary base includes physical currency and Federal Reserve balances, while M1 adds easily accessible checking account money. M2 expands upon M1 by including Certificates of Deposit and money market funds held by investors. Changes in the money supply are often linked to inflation concerns.

Fed Treasury Purchases Impact

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(00:06:00)

• Key Takeaway: The Federal Reserve’s recent resumption of treasury purchases was primarily a technical measure to ensure ample banking reserves, not a direct threat to retirement accounts.
• Summary: When the Fed buys treasuries, it increases the money supply, but this action was intended to maintain smooth functioning in short-term funding markets. Retirement account performance is more directly influenced by the Fed’s interest rate decisions, which stimulate or restrict demand.

Rotisserie Chicken Scarcity

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(00:07:16)

• Key Takeaway: Strong consumer demand for rotisserie chickens, which have remained relatively inflation-resistant, is the primary driver of recent shortages and long customer lines.
• Summary: A listener reported facing an ‘angry mob’ waiting for rotisserie chickens at BJ’s due to frequent unavailability. An analyst confirmed that demand for this product, which has not seen significant price inflation, is very strong. Supply chain disruptions due to weather may also contribute to the scarcity.