Transcript
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Krystal Ball (0:02)
Guaranteed Human.
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Saagar Enjeti (0:49)
Black Friday is here and Pandora Jewelry is offering up to 40% off store wide and site wide now through December 2nd. Explore jewelry designed to last beyond the.
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Season, from classic charms to modern rings.
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Bracelets, earrings and more.
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Whether you're holiday shopping or treating yourself.
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Now'S the perfect time to find something Special. Shop@pandora.net or your local Pandora store. Exclusions apply. Hey guys, Sager and Crystal here.
Krystal Ball (1:18)
Independent media just played a truly massive role in this election and we are so excited about what that means for the future of the show.
Saagar Enjeti (1:26)
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Saagar Enjeti (1:42)
We need your help to build the future of independent news media and we hope to see you@breakingpoints.com let's turn now to data centers, more of the political world and the news media is opening up to this live issue. And let's put this up here on the screen. Quote, the new price of eggs, the political shocks of data centers and electric bills. The New York Times starting to attention, actually doing a decent enough job of going over and actually, you know, interviewing some of the people who are most affected. So they actually opened the story with cattle ranchers in Georgia. Quote, they had one thing on their minds when they cast their ballots for the state's utility board to make a statement. They were irked by their escalating electric bills, not to mention extra 50 bucks a month levied by their local utility to cover a new power plant more than 200 miles away. But after they heard a data center might be built next to their ranch 60 miles southwest of Atlanta, they had enough of Republicans who far too recept to the interests of the booming AI industry. First time I ever voted Democrat, Mr. Payton, 58, says. So you can see in that anecdote the political price now, as this has propelled two Democrats in the state of Georgia to upset you. Also, as I have said here before, there are opposition organic movements across the nation. Tucson, Arizona, here in Virginia, New Jersey. All the candidates here in Virginia basically were like against data centers, the power bills. Just what it demonstrates, I think, is that because we have finite amounts of power for a variety of reasons, mostly corruption, but for, because of that reason, and we're all kind of competing against one another and at the same time, the government is going all in based literally on the AI industry, that this will offset a lot and a lot of their costs, which are, you know, a huge bet on AI, which may not actually be a good bet, and then socialize it to the entire United States and the consumer who's already struggling with inflation. So I think it's one of those where as power prices, you know, look, I think they're going to continue to go up or broadly stay up because of this. And a lot of the industry has, continues to pour all these billions of dollars, which is good for the stock market, not necessarily good for the, quote, real economy, because it's the only thing really propping us all that up. It's a huge bet that's increasing costs on the way up, and it could also increase costs on the way down if it does cause a recession. I think that's one of the most dangerous points.
