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Hi, this is Janice Torres from Yo Quiero
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Dinero. From a local business
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to a global corporation, And
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Co America. It gives your operation
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access to exclusive digital tools, award
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winning insights and business solutions so
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powerful will make every move matter.
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Visit Bank of america.com/banking for Business
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to learn more. What would you.
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Like the power to do Bank
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of America any copyright. The
0:34
Economist. Hello
0:41
and welcome to The Intelligence from The
0:43
Economist. I'm Rosie Blore. And
0:45
I'm Jason Palmer. Every weekday we provide
0:48
a fresh perspective on the events shaping
0:50
your world. More
0:55
than 200 million people are infected
0:58
with malaria in Africa each year,
1:00
but progress in fighting the disease had
1:02
stalled. Now two
1:04
new vaccines and other clever innovations are
1:07
creating a buzz. And
1:10
there's a growing passion for a long
1:12
retired vision of 1950s domesticity in
1:16
which a woman's job really is no more
1:18
than making her home beautiful, her meals from
1:20
scratch, and her husband happy. We
1:23
meet the tradwives of TikTok. But
1:32
first... The
1:41
presidential campaigns of both Donald Trump and
1:44
Joe Biden are being run in the
1:46
shadow of America's justice system. Yesterday
1:49
Mr. Biden was the one to chalk
1:51
up an American first. His
1:53
son Hunter was convicted on three felony
1:55
charges, all related to the younger
1:57
Biden's drug use, lying on a federal ballot.
1:59
a background check and possessing a gun,
2:02
while, as the prosecutor put it, in
2:04
the throes of addiction. No
2:06
one in this country is above the law. Everyone
2:09
must be accountable for their
2:11
actions, even this defendant. However,
2:15
Hunter Biden should be no
2:17
more accountable than any other
2:19
citizen convicted of this same
2:21
conduct. Donald
2:23
Trump is being stalked by his own
2:25
Justice Department shadows and on
2:28
Monday had a crucial interview with his
2:30
probation officer. His hush money
2:32
felony convictions may yet get him a
2:34
prison sentence or probation or nothing at
2:36
all. To be blunt,
2:38
it's not a good look for either
2:40
candidate. And at this point, lots of
2:42
pollsters see these two men as neck
2:45
and neck, the election practically down to
2:47
a coin toss. Yet,
2:49
unlikely as it might once have seemed,
2:51
our data gurus think one candidate actually
2:53
has the edge here. Most
2:57
observers thought that the January 6th attack on
2:59
the Capitol and Donald Trump's second impeachment would
3:01
put an end to his political career. Dan
3:05
Rosenheck is the Economist's data editor. Now,
3:08
what once seemed unthinkable is starting
3:10
to look probable. The
3:12
Economist's new statistical forecast model gives Mr.
3:14
Trump a 60% chance of
3:16
returning to the White House. Okay,
3:19
how did you arrive at that number? How does this
3:21
model work? Our model
3:23
combines two main types of information,
3:25
polls and fundamentals. Fundamentals
3:27
are expectations based on historical precedence of
3:30
things like how the economy, presidential approval
3:32
ratings, and how long the president has
3:34
been in the White House tend to
3:36
affect election results. We combine
3:38
that with each state's track record of
3:40
voting in recent elections to come up
3:42
with a starting point estimate of how
3:44
each state is likely to vote and
3:46
thus determine the electoral college. We
3:49
then combine those expectations with all the
3:51
polls conducted of this campaign at both
3:53
the national and state level and
3:56
try to fit all of this information together into
3:58
a coherent picture. of
4:00
the electorate's true voting intentions. This
4:03
currently shows that although the national
4:05
popular vote is roughly a tie,
4:07
Trump has a narrow but clear lead in
4:10
all of the competitive states, particularly those in
4:12
the Sun Belt. And I
4:14
don't suppose that the model has any insights as
4:16
to how it is that Mr. Trump has has
4:18
risen to this level in the model after seeming
4:21
to be in the political wilderness a few years
4:23
ago. The model
4:25
looks at what people are telling pollsters,
4:27
not why. I
4:29
can offer some theories. Go on then, give
4:31
me some theories. The first thing is that
4:34
Joe Biden is extremely unpopular, and
4:36
historically, presidential elections have been referendums
4:38
on the incumbent, not the challenger.
4:41
There's lots of potential reasons for that,
4:43
but if we look outside the US,
4:45
the global bad of inflation in 2021
4:47
and 22, terrible for approval
4:49
ratings for incumbents all over the world, and
4:51
there's no reason to think that America would
4:53
be an exception. A
4:55
second factor is that Trump's biggest gains
4:57
in the polls have been with groups
5:00
who haven't voted in midterm elections or
5:02
off-year elections and don't tend to pay
5:04
a lot of attention to politics. Instead,
5:06
they're probably just looking at how things
5:09
are now, deciding they don't like Biden
5:11
and choosing to vote for the other
5:13
guy. One of the
5:15
most striking findings in recent polling is
5:17
that 17% of American
5:20
poll respondents blamed Joe Biden for
5:22
the end of the Roe v.
5:24
Wade decision that prevented states from
5:26
legalizing abortion, simply because he happened
5:28
to be in power when the
5:31
Supreme Court justices nominated by Mr.
5:33
Trump cast the necessary votes to
5:35
end Roe v. Wade. You
5:37
framed what you said there on the basis of
5:40
what Mr. Biden has done, or at least what's
5:42
happened during his tenure, not so much about what
5:44
Mr. Trump has done. So
5:46
voters have short memories. The Trump presidency was
5:49
four years ago, and particularly for young voters.
5:51
That's quite a long time. Trump
5:53
was recently convicted on 34 felony
5:55
counts in New York state, and
5:58
preliminary polling evidence suggests that
6:00
some wobbly voters in the middle may
6:02
be shifting either from Trump to Biden
6:04
or just from Trump to undecided in
6:06
response to that news. But
6:09
such effects tend to be small and short-lived.
6:11
For better or worse, the polls have barely
6:14
moved in the past six months and we
6:16
haven't yet seen any major surprises that would
6:18
inject more volatility into the race. Well
6:21
what kind of form might such surprises take?
6:23
What might change the stability the states is
6:25
here? I think it
6:28
would probably change the race substantially if
6:30
Trump were actually thrown in jail before
6:32
the election, but I think that's pretty
6:34
unlikely to happen based on the status
6:36
of all the court cases. Other
6:38
than that, I think the Fed cutting interest
6:41
rates could possibly give the economy a
6:43
tailwind that might help Biden, but
6:45
really, voters are mainly angry about the increase
6:47
in prices that happened in 2021 and 22,
6:51
not inflation now, and there's nothing anyone can
6:53
do to bring the price of eggs in
6:55
nominal dollar terms back to where it was.
6:59
So that's it then. You sound like you're
7:01
convinced that the spread that you see now
7:03
is likely to be the spread on Election
7:05
Day. I
7:07
think there's room for the polls to
7:09
move somewhat between now and Election Day,
7:11
but I wouldn't expect either candidate to
7:13
open an enormous lead. This
7:16
year's polls, like those in 2020,
7:18
have been remarkably stable. There
7:20
was a lot of up and down
7:22
volatility in 2016 and more significant
7:24
ups and downs in 2012, 8 and 4 as well.
7:28
I think part of the reason for
7:30
this stability is that the electorate has
7:32
become more polarized and in particular that
7:35
we're getting a rematch between two very
7:37
well-known candidates about whom opinions are pretty
7:39
firmly formed. And
7:41
let me ask you perhaps an uncomfortable question,
7:43
Dan. Why should we believe you? How reliable
7:46
is this model and why? All
7:48
statistical models like this extrapolate historical patterns
7:50
into the future, and they're only as
7:53
good as their training data. If
7:55
there's some fundamental shift in the way
7:57
American politics works, our model is... and
8:00
going to pick it up and its projections will
8:02
likely be very wrong. But we
8:04
are seeing a rematch between the same two candidates
8:06
that ran in 2020. So
8:08
at the very least, data from the most recent
8:10
cycle is probably going to give a decent indicator
8:13
of where things are likely to stand. In
8:16
2016, I think a lot of pundits
8:18
fell victim to what you might call
8:20
unthinkability bias, the idea that
8:22
just because something either hadn't happened before or
8:24
they thought it was so terrible that they
8:26
didn't want it to happen, they assumed that
8:29
it couldn't happen. Although
8:31
the 2016 election results relieved many
8:33
observers of those kinds of illusions,
8:35
I fear we're back in the
8:37
same place. It seems
8:39
unfathomable to a standard
8:43
observer of American politics
8:45
proceeding from conventional assumptions
8:47
and expectations that
8:50
a president who presided over the
8:52
January 6 attack on the Capitol
8:54
got impeached twice and has just
8:56
been convicted of 34 felonies
8:59
could ever be willingly returned to
9:01
office, not even just with an
9:03
electoral college majority, but it's
9:06
possible with an absolute majority of the
9:08
popular vote. Yet so far, this
9:10
year's polls are suggesting that there's a very
9:12
good chance that that might happen. Just
9:15
because you think something shouldn't happen doesn't mean
9:17
it won't. Dan, thanks very
9:19
much for joining us. My pleasure. Thanks for having
9:21
me. Thank you. You
10:12
probably recognize that sound. Though
10:16
I hate mosquitoes, they seem to love
10:18
me. But
10:20
in some parts of the world, these
10:22
insects aren't merely pests, they carry a
10:24
parasite that can kill. Studies
10:29
infected with malaria plague the ancient Romans,
10:32
and centuries later they infested the swamps
10:34
of Washington, D.C. Today,
10:37
the fight against the disease is
10:39
largely confined to a single continent.
10:43
97% of all deaths from malaria occur
10:45
in Africa. What's
10:47
astonishing about malaria is just how
10:50
many people it kills every year,
10:52
around And
10:55
mostly, this is children in sub-Saharan
10:57
Africa. Natasha
10:59
Loder is the health editor of The Economist.
11:03
From the year 2000, we made a
11:05
huge amount of progress in driving down
11:07
the number of cases and deaths from
11:09
malaria. But since
11:12
2015, progress has really stalled and
11:14
actually gone into reverse a little.
11:17
And this is not just a human
11:19
disaster, it's an economic one. These deaths,
11:21
these sicknesses are a huge drain on
11:23
household finances and on the
11:25
economy of these countries as well. And
11:29
we're now at quite a pivotal point
11:31
in the fight against malaria. Why
11:34
has this gone into reverse? Why is now such
11:36
a pivotal time? So funding
11:39
has plateaued. A significant portion
11:41
of the at-risk population in
11:43
Africa still lacks access to
11:45
basic interventions. And the other
11:47
thing that's happening is there
11:49
is a lot of concern
11:52
about emerging new threats. Mosquitoes
11:54
are developing resistance to insecticides
11:56
and also the malaria parasite
11:58
called Plasmodium felsoparium. the
12:00
worst form of malaria that you can get,
12:02
is actually becoming resistant to one of the
12:04
primary drugs used to treat it. And
12:07
so that's why we're just seeing
12:09
so many children continuing to die,
12:12
even when we do have quite a lot of tools that
12:14
could help. And what might some of
12:16
these other tools be? Are there other innovations that
12:18
are also giving us hope here? Yeah, well,
12:20
this is where it gets
12:22
really exciting, actually. First and
12:25
foremost, what we have today
12:27
for basic interventions would be
12:29
insecticide-treated bed nets, anti-malarial medicines.
12:31
There's quite a lot going on in
12:34
innovation as well. In the
12:36
vast majority of countries where malaria
12:38
is endemic, some mosquito
12:40
species have just become resistant to the
12:43
most common insecticide that is used to
12:45
treat these bed nets, the pyrethroids. And
12:48
so we now know that if you combine
12:50
this with another insecticide we have, that
12:53
that's going to be much better. It's going to
12:55
halve the chance of infection in children. There
12:57
are also tools like baits,
12:59
which lure mosquitoes with sugar and then
13:01
poison them. But one
13:04
of the most important is now
13:06
not one, but two groundbreaking new
13:08
vaccines. And we've had
13:10
the first one in really small quantities for
13:12
a couple of years, but it's
13:14
quite expensive. There's not much of it. But
13:16
what's happened now is a new
13:19
vaccine has started rolling out. It's
13:21
called R21. It's much cheaper. It's
13:23
been developed by Oxford University and
13:25
the Serum Institute in India. And
13:28
it can be made in huge quantities,
13:30
although there's only about 25 million doses
13:33
available so far. So
13:35
there's a lot of excitement about this new tool and
13:38
hope that this could represent
13:41
a turning point once
13:43
again in our efforts to drive
13:45
malaria out of Africa. Amazing
13:48
that we might be at a turning point. Why has
13:50
it taken so long to get this far? Well,
13:53
there's a short answer and a long one.
13:56
The short answer is firstly,
13:58
it was a really tricky scientific
14:00
problem to make a vaccine. And
14:02
also that it's
14:04
actually quite hard to make money
14:07
making vaccines for developing countries. And
14:09
so the first malaria vaccine that
14:12
we managed to make was by GSK,
14:14
the pharma firm. That was in 1987.
14:16
And it just wasn't a commercial product
14:19
for them. It hung around
14:21
for a long time. Eventually, people
14:23
like the Gates Foundation and other international
14:25
bodies supported it to
14:27
go through trials and eventually to
14:30
be manufactured. But GSK is
14:32
not particularly interested in making this vaccine
14:34
and has only ever committed
14:36
to making a small number of doses.
14:39
And so that's why this new vaccine R21
14:41
is so important. And it's
14:43
actually been down to the Serum Institute
14:45
in India and its
14:47
boss Adna Poonawala, which
14:49
saw this vaccine at an early stage
14:52
and said, we're going to fund trials.
14:54
We're going to manufacture this at risk.
14:56
We're going to build the plant to
14:58
make it in large quantities. And that
15:00
indeed is what's happened. So
15:03
it sounds like an incredible amount of progress,
15:05
but there's the risk that we might blow
15:07
the opportunity to do something
15:09
amazing because it's expensive. Yeah,
15:11
so the R21 vaccine is actually a
15:14
fraction of the price of the GSK
15:16
vaccine. But even so, it is expensive.
15:18
You need four doses. It's a little
15:20
over $3 a dose. And so the
15:23
money does need to be found. One
15:26
of the questions, of course, for developing
15:28
countries and also the international community is
15:30
how much money we're going to put
15:33
into these vaccines. What you really don't
15:35
want to happen is for countries
15:38
to say, oh, we've got a great new
15:40
vaccine. Let's stop funding bed nets. The
15:42
vaccines are not completely effective. And so
15:45
actually, if you want to save lives,
15:47
maximally, you're going to need bed nets
15:49
and vaccines. So until
15:51
we have even better vaccines that offer
15:53
even more protection, there's the question of
15:56
how much money are we going to
15:58
spend and how we're going to balance. spending
16:00
between vaccines and other tools that we
16:02
have to control malaria. Thank
16:05
you so much, Natasha. You're welcome. Tradwives
16:16
also believe that they should submit
16:18
to their husbands and serve their
16:20
husbands and family. And that triggers
16:22
people because the words
16:24
submit and serve. It makes women think
16:26
that we're saying that we're less than
16:28
a man. That's not what we're saying.
16:31
You're too smart just to be a housewife. Yes, I've had this
16:33
said to my face. Everyone wants to
16:35
make the world a better place, but for some odd
16:37
reason serving our families is not considered doing that. Putting
16:39
the needs of others in front of our own is
16:41
honorable. A question I ask myself often
16:44
is what legacy of servanthood am I modeling for
16:46
my family and my children? I'm
16:48
sorry if I'm a little out of breath and shaky.
16:50
I'm currently working out in
16:52
the home gym that my man provided
16:55
for me. I thought my life is so bad, guys. A
17:01
tradwife is a traditional homemaker, and we're
17:03
seeing lots of them on social media
17:05
telling other women how to look after
17:07
their homes and husbands. Caitlin
17:10
Talbot writes about culture for the Economist.
17:14
The hashtag tradwife has been viewed more than
17:16
600 million times on TikTok. So
17:20
who's making these videos? Why are they so
17:22
popular? So these videos
17:24
are being made by young women. I
17:27
see, I suppose, mid-20s. They
17:30
might already have a couple of children
17:32
or at least talk about wanting to
17:34
have children. They'll wear pretty floral dresses
17:36
usually, talk about frolicking and being a
17:39
homemaker. The idea of a housewife, it
17:41
comes from a history of idealizing parts
17:43
of domesticity. So cooking or
17:45
decorating have come to be seen as pastimes,
17:47
leisure activities that we do at the weekend.
17:49
There's also kind of a long history of
17:52
matrons who have offered advice. So
17:54
someone like Fanny Craddock in Britain. Everything
17:56
in life is so easy when you know the way. It's
17:59
just a question.
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