Slate Money: What the D.O.G.E?
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Hello and welcome to slate money your guide to the business and finance news of the week. I'm Emily peck of axiom and i'm here with Elizabeth spires of the new york times. Hello, beth and and infor felix salmon is the wonderful anish mansky of rehana.

hello. So today on the show we bring you much. Well, we are talking about dose. That is the acronym for the trumpet administration's new department of government efficiency.

We will talk about that and we will talk about dodge the crib, do currency as well because we're also gonna get into the come back of crypto o that's apparently underway. What's driving bit point all time highs and finally, we're onna talk about A I clues. You can use them now for dating.

You can use them now to apply to jobs. And we discuss, is this a good thing or a bad thing? Also, we may reenact some dialogue from A I clone virtual dating tax. So you wanted to get around for that. It's all coming up on slight money.

This week, president like Donald trump, which I still need to get used to saying, announced that iron mask billionaire, best bud to trump and regular rich person, the VC RAM swami, who also was at some point running for president, will lead what they're calling a department of government efficiency or dose for short. And we'll talk about sort of the doge crypto currency aspect of this in the next segment.

But first, let's just take this proposal. The department of government efficiency, which isn't actually going to be a department in the conventional sense, like an agency of the federal government. Let's just discuss IT, take IT on its own terms.

The idea here is these two guys will lead a department and the slash and burn the federal government. They're aiming to cut two trillion dollars, I guess, from the federal budget and get IT done in time for july forth twenty twenty six. And I just want to make clear just how to enormous the federal government.

In fiscal year twenty twenty three, the federal government spent six point two trillion dollars. That's nearly a quarter of GDP. IT was a lot more money than the revenue coming in the federal government employees, about four million people.

Nearly quarter goes to social security, another quarter to medicare. Medicate fifteen percent to defense. Another ten percent is interest on the debt. So in other words, a lot of the money in the budget is being spent on things that americans really like, social security checks and health insurance. This is a tough task.

Elizabeth, do you think that two questions? I mean, is there something that needs to be done? Do we need to cut the slack in the federal budget? Is there a lot of government waste, inefficiency? And do you think that this department will succeed in its mission?

Like, let's let's just like take IT a little bit seriously. Like, is this a good idea? A B, are these the right people to Carry out the task?

okay. So there are presidents for doing something like this. Uh, during the clint years, there is A A thing called the national partnership for reinvent ing government.

And IT didn't work like this. I had talked to lane K. R. Now at working, and SHE had worked on IT. And he told me that the thing about IT was they sort of made little in criminal changes, and they did, and up saving some money and cutting out some waste.

But IT was a partnership that was mostly run by people who had worked in the government and therefore understand how IT Operates. And you know why you need certain things. And Jerry cushier tried to replicate this during the first trump administration with something called the office of american innovation that mysteriously disappeared.

The humans IT seemed to be abandon project for getting together a bunch of billionaire and the same room. So this sounds more like the latter, except because it's not technically a government department congress would have to approve that. It's more like a sort of unity advisory commission.

And when you listen to what they actually wanted do, it's separated jarred thing in the sense that they seem to be been on this kind of analytic cost cutting without really understanding what they're cutting. So and somewhere blended on the number twenty seven percent. And that sounds like one of those.

I haven't really thought about IT numbers, but if I make they don't make IT around the number. IT sounds more authentic. And Robin swim is said he wants to fire seventy five percent of the federal works off, which is crazy, also an arbitrary number.

So IT seems like they mostly wanted do this because IT allow them to wear both hats. They're not how they can boil the way that they would be if they were in a real government agency. But you if they go right and they want to meet with some prime minister of a country, they'll be treated as if they're part of the american government. So for them, but it's probably hugely beneficial. But I think it's just very silly in terms of expected that they'll be able to do anything.

But anna, there's a thing of I mean, eliza's talked about know in the clinton administration, IT was government insiders who knew where the fat was, presumably cutting the fat. And now with these two guys, they are outsiders. And there is this like notion, I think in business too, where it's like you bring in the outside as you bring in the consultants and they'll see clear IDE where the inefficiencies are. Is that what we're .

it's interesting because that is something that has been done in business for a while. And what often ends up happening is that the consultants get paid a lot of money and the business does not actually end up in a Better position. So I think that is the concern here, not as so that we're going to be paying these two a lot, but that they may benefit more from IT than the united states does.

I think that's a fairly safe assumption. I I think it's reasonable to say that every administration should be looking for ways to make the government more efficient. I think I think one of the issues you have, the government, you don't have the market as a moderating force.

You can inefficiencies can grow because something might not be working. But if there isn't a reason that you have to get rid IT and you just keep throwing money at IT, it's like it's reasonable. I don't think you need to believe that the government, you know needs to be drawn in the bathtub in order to believe that there are ways to find efficiencies.

The question is just when you start talking about these slightly ridiculous numbers and when you're dealing with people who just aren't serious people, because I think IT is reasonable to say that you know, if you went through even if you're talking about entitlement spending, entitlement spending isn't just the money that literally you can't touch IT has to go out. But I am sure there's administration related to social security and that, you know, maybe you could trim back some of that. I I imagine, again, almost every department, you could probably trim little bit here and potentially make IT a leaner and more efficient government, but a limit what you were saying before IT needs to be done in a more orderly fashioned I think the idea that you're going to do slash burn, it's gonna. Well, just where is the president for that? Like in general, I like to say, please show me an example of where that happened and it's work well, if you can't that i'm going to be slightly suspicious.

Well, part of this is you know there's a movement on the rate for smaller government, but smaller government just for the sake of being smaller you know yeah ah and there's not a lot of analysts that goes into IT know I should agree with. And I think the analogy is is kind of this is like mckinsey run by two Edwards, trump said IT was the manhattan project of this error. And that raises a question to me, bombing what exactly trap inks the manhattan .

project is like that all they build manhattan.

make manhattan great again? exactly.

He means like we're bombing the federal government. And the reading of this.

referring to one of the most expensive government projects in history.

yeah, it's like inflation adjusted, like forty billion dollars or something. That was how much a cost, and that employed .

like one hundred and fifty thousand people too.

If you think the government is useless, then you wouldn't bring up the manhattan project as an example. That's A A good point that ana raises about cost cutting.

Eliza u, at a great piece from the first trump administration about the failed jared krishna effort at this, you said analytics, cost cutting design to project the optics of efficiency and IT does seem like it's such a business, jack welch vite, as like we will fire people and that is how we will grow. And it's like, no, you grow by adding. You don't grow by subtracting. You know, you don't thrive by cutting. Usually in .

context for this was, I worked. I was the editor in chief of the new york observer when he was still a sensibly democrats. And whenever I came in, the observer never had a profitable order.

So one of my objectors words to, you know, help get IT to profitability and grow the publication. So we did. We had the first profitable quarter in its history.

And jazz reaction that was, well, the margins would be Better if we fair bunch of people. B, C, didn't seem to understand that, you know, the amount of stuff who we are producing was what we saw ladds against and what we saw descriptions against. And then we would have less inventory and less revenue.

He could only imagine this one strategy and that sounds like like what elon and the bec wants to do. But also what in the more amusing details to me is that elon is on social media that he wants to only staff quote and quote, hi I Q people who are willing to work eight hours week for freed and IT seems like by definition, won't to work eighty hours a week of free. You are dually nara high I Q.

No, not. The high I Q move is about .

one of the things you said. There are just kind of resort with me because I do think this idea of there are only being one solution to every problem. And I think what you're seeing, both in business and with this effort is a strategy that may have made sense.

Forty years ago, there was a period of time, especially check like the seventies were, the government was massively bloated ed, and they did really need to reduce the eyes or find ways to find efficiencies in the same way that there is a period of time where you had these enormous conglomerate work, totally wasteful, and you Frankly could make a decamp t of money by just going in cutting the nonsense, selling IT to someone else for a lot more. The problem is that only works when that fat exists. If it's not and you're cutting into muscle, then you're not going to get the same result. And IT seems like people both in politics and often in business just haven't quite learned that.

I think the easiest business school to learn is honestly cost cutting. So there are people who can only do that. So much more difficult aspects of management restructuring, they just don't know how to do. And so IT particularly struck me, you know, elan did this with twitter.

He just came in before, even knew really what people are doing at the company, and laid off a bunch of people, and then realized that he needed some of them trying to hear them back. And so IT IT just seems like this is gona be a radio. But also, you know, during the first trumpet administration, they did reduce the size of government, but not strategically.

They failed to staff at the first time around because they had a completely unprepared transition team. And there is a book that I kept recommending the whole throughout the administration. IT was Michael Lewis, the fifth risk.

And i'll never forget Lewis for the blind side, but the pth risk is a great book, and it's entirely about the way government actually works. And I think Lewis went to write a book that he thought was going to be about government waste and an inefficiency. And then he ended up spending a lot of time with these agency people as the trap team was trying to staff these places.

And he saw how much chaos that was causing. And he also have sort of learned what these agencies do, and ended up, I know you know, I think unintentionally writing a pretty good defensive the way a lot of this stuff works. And I think it's even probably more relevant now because I think this administrations can be a lot more chaotic yeah.

And you have to wonder the other thing that the incoming trump administration is doing by saying, you know, we're going to cut all this money out of the budget, were going to fire all these people, is just trying to get the quote, quote, deep stayed in line. What's more terrifying as an employee, you hear a new boss is coming in and wants to do a lot of firing. And you know, the new boss, you know, prizes, loyalty, prizes, X, Y, Z.

And you want to keep your job like you're gna. You can put your head down and get to work nine times out of ten. I know there's people inside the government and I I read the fifth rist two that are really devoted to what they do and won't respond like that. But like part of what's going on surely is, you know, get ready for the new guy because he he wants you to be loyal and yeah.

also the trip to the deep say is basically the deep state is anybody who criticizes and any continuous civil service employee, which we need those people. We can turn over the entire government every four years. And I think the people just don't think about that.

And this whole discussion and this whole new quai department is just another example of not actually dealing with the real problem. The real problem is that entitlements and the interest are you know, unsustainable and that you actually, whether it's the democratic republicans are some combination of the two. At some point you are gonna to deal with this.

But that's hard. That's going to involve doing things that upset a lot of people, upset a lot of people who vote, by which I mean older people. So no one wants to do that.

So I going to do these performative measures again. There's no way that I don't think mathematically. I mean, technically, i'm sure mathematically you could get to two trillions, but I don't entirely see how that happens. But regardless, it's not serious. It's not dealing with the actual problem. My guess is if I had to bet roma swami is going to be out in six weeks, I would say I don't know the over another, you know, elan, maybe two months, like how long do you really think that the all of these three egos are going to be able to interact with each other for longer than a few weeks, I think is unlikely.

So ah, are we Better this and heads of blood or scare mood.

because scare moches seems appropriate metric. I think, yeah, I don't think .

trumpton elan in particular gonna very ARM. Because both of them need to be in the spotlight constantly. And trip is very angry when he gets eclipsed by anybody. I don't know.

I'm gonna a take the over. I don't know how to gambling word. I'm going to gambling word and say that elan's gona last for a while. I hear people saying, you know, that egos can do that up, but I think they both made bet on each other and they're not going to walk away so soon.

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Hi, I am carvel wallace. And on this week's slay device podcast, how to were tackling the future of reproductive health care in the U. S, which now feels uncertain after twenty twenty four but has been uncertain for some time. But there is one thing that is certain, which is that men need to share a greater responsibility for contraction tion. This idea that there's something that's a mainly about reproductive health care means that we don't welcome and into our health care settings, look for how to man up about male birth control in the how to feed and find IT wherever you listen. Anna, what's going on with clipt arena?

So this week, we saw bitcoin eclipse ninety thousand dollars and IT is up, I believe, as much as thirty percent since just the day of the election. And I believe this year alone, it's you know more than doubled. So we've just seen incredible appreciation that doesn't seem to be, on the one hand, connected to anything, but on the other hand, makes a tremendous mina sense if you think that what really is driving this is politics and government regulations in the sense that what happened with a trump presidency was people thinking like, okay, there's now going to be much less regulation on bit coin, you might have more products like know there's a bit coin, atf, you might have the advancement of more products like that. And that is, I think, quite clearly what is driving this beyond simply sentiment and momentum.

Even before trump was elected, bitt coin Prices were up and critter was doing well. We route about IT a bit in axiom markets, and we identified three reasons. Launch of the bitcoin etf confirmed some legitimacy, I think, on bitcoin at least. And there was a halo on some other crypto currencies um brought in institutional investors.

Um there's like seventy billion dollars in these things now then there's also these three packs, fair shake that put a lot of money into the election and fair shake was back by big crypto companies and they picked winners and losers in the election and they picked pretty well I think charred Brown partly um the democratic senator from ohio who lost his bid for real election part of that was a this script money uh and then the third of course of course is trump who you know really changes tune during the campaign about cyp to he spoke a crypto conference. He said he wanted the us. To be the crypto of the planet and he wants to create a bitcoin strategic reserve and they want to it's not even that they want to a do deregulation. They want to actually do some kind of regulation, pass some laws to make IT to confirm more legitimacy. I think on crypt a, and then, you know, he wins, and that just sends everything to the moon.

This is what's funny to me about this is that one of the you know part of thesis behind bitcoin is that it's a way to essentially get around the government, you know, people who are concerned about fia currency. But IT is entirely being driven by government policies, which you know see to somewhat undermine that that this is eliza first.

Does any of the surprise you did the cypher money come up and like you're work in consulting at all a little bit?

But mostly IT came up with all of these silicon valley guys bandit together and made big deal about endorsing trump so that mark and race and mark pink has been horrible. D, although heat reversed himself a little bit, gave a bunch of money to hear, and i'm not sure if I think some of their money went into the pack you mentioned. So mark and racing has been since the election every day, kind of growing that he's much happier now. And I think we saw that there because a lot of the people that I work with there is some overlap in the tech donor base, but i'm not sure people who are doing, you know every day on the ground downtown, let Graces would have seen IT.

And do you think this less so?

This is an an interesting question because on the one hand, if you look at what's happened with cyp du and the really big move has been since the pandemic, to be perfectly honest. I mean, I might be off in the number, but I think I took ten years for a ticket to twenty thousand and then I got to forty thousand and like a month.

And then you know, I know when interest rates started going up and went down, but again, look at a chart, really what we're seeing is this push from the pandemic. And I think this has to do with partly the stimulus payments and all that, but and also has to do with the ease of trading and has to appomattox, has to do with a lot of these things. If you look at a chart and you look at gold and you look at bitcoin, IT is very clear that there is, you know, no correlation whatsoever ver like that. This any any idea that this is any type of store value, that this is any type of digital gold makes absolutely .

no sense to not a fear, uncertainty and and doubt and yeah definitely not.

And then so you say, okay, well, it's obviously going to be used as a currency in the sense that if I am holding bit coin because I think it's gona rapidly appreciate and value, i'm not going to buy a pizza with IT. That doesn't make any sense, I guess, for me. And you start working through all of these things and I I just have a hard time landing on an answer of what can justify this rise beyond the simple thing that you think you will be able to sell IT in the future to someone else for more.

Isn't that kind of the fundamental policy conflict that IT Operates?

Sort of like a security. The issue though, the difference between bitcoin and I think lots of things are security. But say, compared to something like you know an equity or or bod is that there are cash flows behind that.

There's a company behind that. You and even if you're talking about traditional commodities, es, there is a physical market for that commodity, there's a financial market for that commodity, big coin. At this point, I still have a very hard time understanding what the real thesis is.

And when people who are really in egypto try to explain IT to me, they tend to use a lot of words that I don't understand, which makes me very suspicious that they also have no clue what they are talking about. But having said all of that, bubbles can less for a really long time. And I think this is an interesting thing because especially if interest strates continue to come down and all risk assets continue to do relatively well, you could see bitcoin continuing to do reasonably well.

Even if there's absolutely nothing whatsoever to underlie that. The question becomes, what is the thing that pushes people to sell? And if that did happen, that, of course, you could see rapid selling because fundamentally nothing underneath IT.

But when does that happen? IT could happen next week. That could happen ten years from now. And if IT happens ten years from now, then you also have that question of the difference between being wrong and being very early. There is no difference.

So I guess that's where i've been like many people confused about cyp to and the rise of cypher o since the pandemic. But it's tough when something just keeps going to point out what is the thing that's going to happen that is going to pop this bubble. I I think what .

we've seen since the pandemic, and we've talked about IT alone in the podcast over the past few years, is just the rise of memes, meme stocks, meme coins. I mean, we can talk about those dog coin too. The Price has gone up a lot since trump announced a those department.

There is nothing fundamental about that. There is nothing cash flow related about that. It's just as that living pointed out this week, it's just like doge coin got more attention. So more people started buying IT and trading IT because attention brings Price increases and IT may not seem rational, but IT is rational for traders to trade on bitcoin, encrypt if the Price keeps going up.

And if the guy that just got elected, our first mean president, is a booster and a bakker, I mean, it's at some point it's like, this is just how things are gonna go for a while. I think if the f tx. Scandal didn't break bitcoin, I don't it's hard to imagine what what would well, also, I think bitcoin .

Operates a little bit differently from the rest of the critter market, and I don't think that they could become totally decoupled. But you know, bitcoin is taken lot more seriously, a lot of the other things. And IT seems like its performance is not wholly contented upon whatever s happening in the rest of kirpo necessarily.

It's just all of IT seems to hang john belief and people's beliefs about this stuff get stronger with all the momentum behind IT yeah I mean .

that that's the classic of what happens in a bub. And to be fair, much of finances based on belief. One could argue that money itself is undammed tally based on belief is a reason that the word credit comes from the word to believe.

What always happens with this kind of thing is that bubbles, they sometimes have waves. And then once you get towards the end, you even have reasonable people who will often start to glam. Because I like, clearly, there must be something here, clearly, you know, and people always think that they'll get out in time.

That's the other classic with any type of bubble. You always assume that you'll know you'll out in time. But to me personally, if there was something that were to actually stop bitcoins rise, I would think you would just be going back to my favorite, the world.

This is interest rates. If interest rates land, the terminal rate ends up being a lot higher than IT wasn't the past by which? I mean, a lot higher basically where IT is.

Now IT doesn't go down significantly. That kind of ends up and arranged like three to four percent. That is a very different world in terms of how less money is gone to get thrown towards things in a world where money has a cost.

But the Price of bitcoin is going up now in a highway environment, right? no.

But it's going up in an environment. People assume rates are coming down. The thing with interest strates is is much more important what people think about what's going to happen up with them as opposed what's literally happening with them.

So because people think we are going to be in the enviro rates, so that's where that makes sense. Now of course, in recent weeks, we have seen a move in treasuries that isn't being replicated a bit, bit coin, but I would argue that is very much because of the election. I would imagine that over time, if IT becomes clear that we are truly in a new era, money is truly actually going to be Priced again. I could see over time seeing bitcoin kind of slowly fall and then one day just collapse.

You heard IT here, folks. Anna is barish on crypto the only all .

your angry emails to me about how I am just a silly woman who does not understand the genius of pta.

Don't people gamble, trade on things that have caught, quote, no value all the time? Like what is sports bedding? You're not there's no value there, but there is value there because people are willing to spend money making trades, right?

In theory, that's the difference between betting and investing. I realized people argue that they're actually isn't, but no, exactly if you are, are saying I am. Studying the fundamentals of this company.

I think that this security is going to be worth more in the future because of how I think these kash lers are going to grow. Then that is an investment. Of course, there's a level chance there in the same sense that there is with betting.

The betting is just it's for fun. Essentially, it's not because you're you know this is not an investment decision. And I would probably argue that much of the crypt to world does seem to be more in line with the bedding world than traditional investment.

yeah. And a lot of the market is I mean, you ready conceded this, but is bedding I I mean derivative that's bedding. You're not you're only holding a stock for a little while. You're not like I really believe in this company. You're like, I think the Prices .

is going up or down.

speculation and business and it's tRicky here too because IT comes to read, yeah what IT comes to derive vatican to you. You kind of need somebody speculating in order to have somebody to be able to hedge like the system only works if you have both sides of that or have some speculators. And she's not a bad thing.

And drivers are, you know, get actually, there are a very logical reasons why people use travails. ves. Also, in theory, you could also make the argument that you are still making an investigation decision even if you are holding something for a short period of time because if is based on if it's based on analysis, if it's based on what's happening in markets, it's simply A A wild guess. But fundamentally, I would agree with you that I think many short term investment strategies have quite a bit in common with okay.

our email is slate money at slate 点 com。 So you can send all ecru pt of facts to us and we will make sure and is them.

Let's talk about A I closed. So eliza spotted this great piece in the new york times where a reporter, a Young tech reporter, decided to use these dating apps that let you effectively create a clone of yourself that then goes out and interacts with either a real life human or another, A I clone, to sort of screen ahead of deciding whether or not you will go on a date. And I thought to show the listeners just how this goes. What would be most efficient would be for eliza's and night, to just reenact the conversation that took place between the reporter. I don't have his named.

and it's the reporters clone. And yes, presumably an actual human.

The reporter's name is ei. So I and the human is Rachel. And I will for this, take the part of elias clan. So he lies, clone says to rahel, if you could only at one snack for the rest of your life, what would you be?

And Rachel says, much realistic CS crunch cheese bliss.

What is IT about muster? Realistically, that makes your heart skip a beat?

L, L, L. IT gives pizza bs, but with much more cheese, what's you go to?

expensive. She's and bread all the way. There's something about the richness that makes my heart sing. What's your fave pizza topping? BTW pepperoni.

And what do you mean? Expensive cheese?

pep? Oni, perfection.

This is like if a disney twin movie was trying to reunite dating scene and IT all had to be totally rated g but the reporter compares this still like talking to a room service chatbot.

Yes.

it's so unsurprising that at the end of the column, e lather reporter is like, this did not lead me down the path of romance. I did not find love by setting my clone out into the world. To find romance is my .

plan was super crying. It's so prince.

Also, much of realistic. S is the one snack I just, even Rachel is letting me down. The human.

the strange choice.

there's also, there's a great blind, the reporter where he used another clone and IT said he's describing the clone and said, I had favorite coffee shops and hob's different from the ones that they trained IT on. IT loved the modus and expressed a deep interests in the beetles, always looking to introduce its dates to a little known album called the abby odes.

Fun fact, I live very close to the roof.

Do you guys think that dating bots, AI clones, are the business of the future? What's going on? Anna.

I mean, to be fair, dating is such a mess. General, i'm like, is this really that much worse? I don't know, but I have a hard time believing that this is going to to take off. But who knows?

I I IT does seem right now, like we're in a moment very similar, you know to the nineties where you have this A I it's it's an important new technology, but people don't really know exactly how it's going to be used in the future. In the same sense of when the internet was first developed, people really no or when didn't know that was first popularized. People didn't really know how I was going to develop. And so I guess as we are going to get an increasing number of these extremely silly things that at some point will all be washed away, and then A I will actually change the world with real companies.

I thought about this because at the beginning, at the dawn of the internet, the thing everyone made fun of was heads stock com. We are where you could order pet fu online. And everyone after that company filed for like a decade, if people like.

And the duck com bubble and pets that com. And it's so dumb. Well, now here we are in twenty twenty four. And tui, which delivers pet food online, is a thriving business that a lot of the pet owners, I know you. So it's possible the twenty years from now, everyone will be meeting everyone, their romantic partners and their life partners, through A I cloes, who knows, right of this.

I think, you know, part of the problem is we were in the middle, the AI hype cycle. So some of this is just you, I have an AI hammer, everything's a nail. But we have also talked a little bit in the prop about a as being used for recruitment.

People are having, you know, ChatGPT write their resume es and stuff and know they would automate sending the melt and they would have clues. Actually, you acting as, I guess, recruiters for people looking for jobs. And what strikes me is that these companies are trying to use AI to you do things that are kind of labor intensive for people and that are really just filtering processes.

yes. So which is kind of what dating is way and you know a plan for jobs and things like that. But they're not the clones are not because they are mostly large language bottles.

They don't have any specific real intelligence. And so you get this same responses that you would get if you engage with any kind of AI bit. You get this slightly weird and canny valley conversations because we don't have artificial general intelligence yet know the boss can't really respond like Normal humans.

It's actually interesting because the reason you have to filter employers have to filter job applications and job hunters have to resort to AI to help them, right? Job applications is because technology has flooded the zone with job applications. Its technology is made IT easier for more people to apply to jobs and made IT easier for companies to screen, you know, hundreds of of application. So now there's like kind of like a backlash of technology being used to deal with the problem that technology cause yeah and to be fair.

when people are dating or when people are trying to find a job, one of the things they often say is IT feels like a part time job. That there is actually a lot of weird network involved in both of these things. And I think it's reasonable to say that some of this maybe could be done by A I in the future erman IT. Especially when you're talking about applying for jobs. I was actually talking about this.

You know, right now, the system is really not great for figuring out, you know, if someone has transferable skills where they're working in one industry, but actually maybe working on the other industry could make a lot of sense that right now, we really have a no way to connect those things, say, and you never know, maybe as you know, these type of technologies, which are very good at filtering and pattern recognition, could be used for something like that in the future. Or, you know, creating a cover letter, which I mei think we should just get rid of covered letters. But or even creating a resume itself like this is a process that does seem like you could simply be done by AI. There's no real skill involved there now when you start to get into the actual interview or say, an actual date then yet that seems like a human an should probably .

be I definitely agree, you anyone I was thinking about, especially the job application process, just like, of course, you should use A I to help you write a resume or cover letter. I mean, you shouldn't just blindly have A I write your resume cover letter and send IT off.

You should you know that breed IT over and edit but IT sometimes feels like that A A mentally very big hurdle to just sit down and write the cover letter or write the job application. So seems great to have have that help. And there's some data in this piece in the financial times that sort of inspired our segment that fifty seven percent of genes e are using A I to write job applications, but only twenty one percent of genetic and thirteen percent of bombers. So I think yeah I think it's like a natural use case because also different from dating. Who cares if you're not sincere and your job application like you know I mean like to say whatever you need to say.

no one is actually sincere.

right? You not yourself, don't be yourself. So if you guys we're dating right now, don't think either. If you are, but would you go the A I bad root?

Yeah, I don't think so.

Yeah, definitely not. But I will say I sometimes think about IT like the randomness ess involved in online dating, just like my boyfriend like I almost didn't swipe at him. I just was like, not sure maybe and you know, four years later know what?

We're still together. And so IT.

doesn't you think that humans, we're not very good at this stuff.

are we? Yeah why not have a little help from technology? Maybe abbey road is the key to successful data.

And I took an .

A I boat to discover IT for us.

I'm waiting for the AI boat start talking about burning man, though we know for taking over.

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I want a show stopper and hoping for show stop again. My number is one hundred and forty one thousand eight hundred and thirty nine. That's dollars a one hundred and forty one thousand eight hundred and thirty nine dollars that was spent by three insurance companies in california to pay out claims from these guys who said a bear had entered their rose, rose car, and also other men set up Mercedes cars, that a bear had entered the car when I was parked in the san bernardino mountains and did a lot of damage to the inside of the car.

They even provided video footage of the bear in the car. But the authorities figured out this was a sm. Turns out the bear was just a person in a bare costume.

You can watch the video online and a kind of at some point the bear kind of turns from the front seat to the backseat and the way IT turns, you can kind of see the fabric of the costume um but if they didn't just use amateur eyes on the video, they actually brought in a biologist to review the bear videos, but in the end also concluded that the bears and cessna ino are typically black bears. The costume was Brown. Fr, so IT all kind of went pauls up, but I guess that's very analogue.

I thought that you were going to say I was A, I IT was an A I generated there.

That's next level. But I guess they needed the person in the bare costume to do that. I guess the damage was already here. I don't know, man, this was a sm. They pulled tumor cities and a roles royce, I mean.

if you can afford the yeah who's sort of the scheme also, I just imagine the biologist sort of peering at the video and saying, bears don't have that .

poster ure a bar movement would be more yes.

they like the bear, is checking its phone. Clearly.

we're barely selling eis best.

okay? My number is thirteen and that's percent. And there's a study that says women have thirteen percent less free time and men and this who is taken from a time article about how there's a fitness gender gap, thirty three percent of women meet the weekly recommendation for robic exercise and forty three percent of window. And the explanation is that women devote more time and labor to caring for home and others, and they tend to construct their schedules around obligations to other people. And men are more likely to construct their schedules around the things that they want to do for leader time and personal priorities.

I mean, that's what you need to do. You got ta prioritize what you want to do. I think, I mean, I know it's hard. It's really hard for women who have to care for children and sometimes other family members to do that. But if you want to prioritize fitness, you have to literally do that.

It's funny because because I run, I read a lot of books of people who've done, you know, people are really great and ultras and all these different things and it's so funny because with the guys, it's always they just never mention that is so clear that their wife is doing everything. And IT is a very common theme in that particular genre.

I have someone around here who is uh, marathon runner and they solved this by just like getting up at like four thirty in the morning when it's still dark and the kids are sleeping to get the run in and it's just that's rough that's rough.

I will say I do for marathon training, actually, even though I do not have kids, I always do IT super early in the morning just because it's a huge will. Partly exactly, I don't like the sun, but it's a huge chunk of time. And I just find IT, especially once you get into the really like your eighteen, twenty five runs, I just like doing those early so I can do.

we need to talk, is anna vampire, what is this? You don't like the sun.

I, I have very sensitive eyes. I don't like too much sun. Oki.

I agree to do a turkey treat in two weeks, and this conversation is just making me exhausted.

My number is seven thousand nine hundred and forty three, and that is a percent. So on the theme of government inefficiency, apparently boeing marked up laboratory soap dispenses by seven thousand nine hundred and forty three percent in terms of what IT charged the U. S.

Air force. Now, to be fair, the actual amount of money that this resulted IT was not huge. But IT was just a pretty amazing example of a government inefficiency, be boeing being fairly awful. And also just wondering that the people have the time to calculate that as well. But interesting story.

Boeing gonna wing.

they were A I powered gold played so exact boeing was like.

oh, but you know the government has didn't really strict specifications in terms of .

unlike there's soap senses I strict no typical poison in .

the soup okay, that's IT for a show today if you have thoughts or comments, so recommendations, thoughts on cover letters or I guess, crypto, send them to slate money at slate 点 com。 If you are a plus number, the fun does not need to end. You can find a special extra segment in your feet right now where we're going to talk about a subject near dear to my heart, new york city brokers fees or rental apartments because they might be over.

Thanks to shine a rough and Jasmine moli for producing i'm Emily pack. And on behalf of anaho ski analytic inspires, thank you for listening. And we'll see you back here next week on sate money.