tom mcdonald is senior director of supply chain solutions at the business planning company and a plan. ask them just how supply chains have been impacted by drought and lower water levels. yeah, let me give you a specific example. i watched a report on, don't you bella, on the drought itself in fact, and there was an interview with the ship's captain. so supply chain execution is everything that you do from procurement, logistics, manufacturing, distribution of fulfillment of your products. the ship's captain in particular, was moving cold down the rhine river. so he's right in the middle of what's required to meet your customer service calls. and so this captain is now traveling down the rhine at a much slower pace, and he must carry smaller loads, some boat sitting higher in water, which there's much less water. so for the ship's captain, he can. he can carry last and move slower for the supply chain leaders who manage that supply chain. what that means is that they have smaller lots sciences. this is the amount that book can carry and they have a longer lead time, so it's slower an

following this,r a world where of in any great detail is heather mcdonald, author of the diversity delusion. she joins with an overview. tommuch for coming on . sorv out with merritt in with equity. what does this mean for medicine? it's putting patients lives at risk when you show up at the e.r. in an ambulance, tucker, after their near fatal heart attack, do you want your doctor to be able to reel off various forms of white privilege or do you want them to be able to get your heart going again? owell, according to the ama, the american association of medical colleges, it's equally important for your doctor to know all about white privilege a . they are mandatory mandating courses and anti-racism in in white supremacy in medical schools. we are a eviscerating every meritocratic standard in the practice of medicine because it has o a disparate impact on blacks and hispanics . we admit black and hispanic medical students with grades it would be and and scores thathe would be automatically disqualifying if presentedto by white and asian students. and the resultma of us is going to be declining quality of care, a slow down an

tom friedman, 1990s, he wrote for the new york times. he wrote a book where he deposited that no two countries that both had mcdonald's and over gone to war with each other. at the time he wrote it, he was wrong. the u.s. has like invaded panama, both of those had mcdonald's. but since the 1990s, through the 1990s into the 2000s, there has been more and more evidence of like, oh, liberal economics and liberal democracy doesn't mean that there won't be conflict. but at the time, there was this widespread shared idea that there was. so, i want to talk about the legacy, and, then i want to move on to the response of the left, so just really kind of -- and this is going to spencer's think of, i've heard of it, but if you put a gun to my head. i was wondering, where is the end of history in the evergreen library catalog? i was legitimately looking for the book, to see if we have an e-book of it. but then, i was this is really fascinating. so, pay some attention to the topics that people use for -- can folks see it? can folks see the book titled? so, this is the book, 1992, that fukuyama turned the article into, the end of history and wise man.

tom friedman in the 1990s. he writes for the new york times. he wrote a book where he posited that no two countries that both had mcdonald's had other gone to war with each other. at the time he wrote it he was wrong the us had like invaded panama. both of those had mcdonald's. but since the 1990s through the 1990s into the 2000s. there's been more and more evidence of like oh. liberal economics and liberal democracy doesn't mean that there won't be conflict. but at the time there was this like widespread shared idea that there was so i want to talk about the legacy and then i want to move on to the the response of the left. to just really kind of so i and this is going to to spend such thing about i've heard of it, but i don't have if you had a gun to my head. so i just was like, where is the end of history in the evergreen library catalog? i was just legitimately looking for the book to see if we had an ebook of it. but then i was like this is really fascinating. so just pay some attention to the topics that people use 4 can focus see it can folks see the book titles. so this is the book 1992. that fociyama turned the article into the end of

tom: let's stagger forward into 2023 with rebecca patterson. she and ray dalio are focused on inflation and the hyperreality clocked in on the upper eastside, a $15 number. those are mcdonald'snch fries but inflation has had food and rent. rebecca: i have not had those truffle fries, those sound delicious. the more important point for your viewers and listeners is even though inflation may have, i think the market is discounting the fed sticks the landing and inflation gets back to the fed target quickly and without a recession. that is what is being discounted and it seems unlikely. either the fed will tolerate inflation higher than target or it will tighten enough that the inflation you all were just talking about is deeper than expected, which means earnings have to come down. right now we have puzzle pieces that do not fit. something will give, and we think it will probably be growth that surprises on the downside, even if we are not seeing it broadly across the economy. tom: if i need to participate in the economy and the stock market, how do i hedge into 2023. if i want to be in adult, how do you structure a hedge on equities? rebecca: the risk we think is bigger than