Front Burner

Sam Bankman-Fried wasn't like other crypto moguls: he drove a Toyota Corolla, he was an advocate for government regulation, he said he would give billions away to charity. That is, until he lost it all in what has been called “one of history’s greatest-ever destructions of wealth.” In episode 1 of Front Burner’s first spin off podcast series — The Naked Emperor — host Jacob Silverman, co-author of a forthcoming book about crypto and fraud, takes a closer look at the hype around SBF and FTX, and how it only grew, even as other crypto companies crashed around them. How powerful was Sam Bankman-Fried? And how did he initially manage to hang on, to thrive even, as other giants tumbled towards bankruptcy? For more episodes of The Naked Emperor, check out its podcast feed: https://link.chtbl.com/uXdCyMR8

Front Burner is a daily news podcast from CBC that explores the big stories of the day with curiosity and an open mind. Hosted by award-winning investigative journalist Jayme Poisson who takes you deep into the narratives shaping Canada and the world.

Twenty years ago this week, a US military campaign called ‘Operation Iraqi Freedom’ began in the skies over Iraq’s capital, Badgdad. Overnight, cruise missiles were launched, and by the next morning coalition forces, led by the United States, were on the ground beginning their invasion of Iraq. Today, Mustafa Salim, a reporter with the Washington Post’s Baghdad bureau, reflects on the 20-year legacy of the US-led coalition’s invasion of Iraq, the great lie that facilitated war, and the chaos it all created. For transcripts of this series, please visit: https://www.cbc.ca/radio/frontburner/transcripts

Thousands of protesters hit the streets of Paris with renewed anger this week, as an unpopular raise to France’s retirement age became law. President Emmanuel Macron’s government announced plans to shift the age from 62 to 64 in January. Since then, demonstrations across France have included strikes from rail workers and garbage collectors, leading to piles of trash growing in Paris. On Monday, his government survived a resulting no-confidence motion by only nine votes. Today, New York Times correspondent Catherine Porter joins us to explain France’s unique identity of work-life balance, and the globally relevant reasons Macron risked his future to delay the country’s retirement. For transcripts of this series, please visit: https://www.cbc.ca/radio/frontburner/transcripts

In the last two weeks, four banks in the United States and one in Europe have either found themselves teetering on the brink or completely collapsed. In response, other private banks and governments all over the world have rushed to try to contain the potential financial contagion. On Sunday, the central banks of Canada, the US, Asia and Europe all agreed to increase money available, which in turn would help banks lend more to each other so they can stay afloat. Today on Front Burner, we are talking to Canadian Jim Stanford. Just how bad this financial crisis could get? How comparable will it be to the 2008 recession? And will this mean for the average Canadian? For transcripts of this series, please visit: https://www.cbc.ca/radio/frontburner/transcripts

It’s been less than a year since the U.S. Supreme Court overturned Roe v. Wade and now abortions are banned in 13 states. And in several other states, abortion is prohibited after a certain length of pregnancy. But now the new frontier in the legal fight is all about the abortion pill as a Texas judge weighs arguments from anti-abortion groups who are suing the U.S. Food and Drug Administration (FDA). These groups want the judge to order the FDA to withdraw its two decades-long approval of a drug called mifepristone that’s used in abortion pills. If this happens, it could curtail access to abortion pills across the entire country. Mary Ziegler, a professor at the University of California’s Davis School of Law, shares her thoughts on this case and other efforts that are contributing to the uncertain legal landscape for the abortion pill in the United States. For transcripts of this series, please visit: https://www.cbc.ca/radio/frontburner/transcripts

They devour farmers’ crops, breed rapidly and can tunnel beneath the snow to survive: feral pigs have taken residence on the Canadian prairies and are wreaking destruction. Today, Megan Evans, the Executive Director of the Alberta Invasive Species Council, takes us through why the surge in swine is so serious, and why efforts to eradicate them have been so unsuccessful. For transcripts of this series, please visit: https://www.cbc.ca/radio/frontburner/transcripts

The Toronto District School Board has become the first board in Canada to officially recognize caste based discrimination. The caste system is thought to be among the oldest forms of social hierarchy of classification in the world, and has dominated the Indian subcontinent for thousands of years. It can dictate romantic relationships, job prospects, housing, and even lead to violence. Today, reporter Uday Rana explores the beginnings of caste in Canada, and the modern impact the ancient hierarchy has on Canada's South Asian diaspora today. For transcripts of this series, please visit: https://www.cbc.ca/radio/frontburner/transcripts

As a kid in the Winnipeg suburb of Transcona, Tyson Smith was obsessed with hockey and the Winnipeg Jets. He dreamed of being a professional goaltender. Decades later, Smith – now known as “Kenny Omega” – has made his way to the Jets’ home arena for a different reason: he’s performing as a professional wrestler. Omega is the headliner for a show with All Elite Wrestling, the wrestling company he helped build into the first direct competitor to the WWE in almost 20 years. Before he stepped into the ring, Omega joined Front Burner host Jayme Poisson to discuss the culture of wrestling in Winnipeg, his path to fame in Japan, his push to expand inclusivity and storytelling in the sport, and swirling rumours about what he’ll do next. For transcripts of this series, please visit: https://www.cbc.ca/radio/frontburner/transcripts

On Sunday, a group of U.S. government agencies made the extraordinary decision to ensure that everyone who had money in Silicon Valley Bank would be able to access that cash. The move comes on the heels of Friday’s collapse of the California-based bank following a bank run. Silicon Valley Bank is the second largest bank to fail in the U.S. – the first was Washington Mutual during the 2008 financial crisis. Felix Salmon is a Chief Financial Correspondent at Axios and the host of Slate Money. Today on Front Burner he joins us to explain why Silicon Valley Bank went under and what might happen next. For transcripts of this series, please visit: https://www.cbc.ca/radio/frontburner/transcripts