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Tony Roth, chief investment officer, Wilmington Trust Investment Advisors, Inc, the investment advisory arm of M&T Bank, asks—and answers—the questions that are top of mind for today’s investors. During each episode, Tony and a special guest provide listeners with insights on unfolding market, economic, and other evolving trends, and a window into how client portfolios are being positioned in the face of ongoing uncertainty.
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Scene on Radio: Capitalism

Kenan Insitute for Ethics at Duke University

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Scene on Radio is a two-time Peabody-nominated podcast that dares to ask big, hard questions about who we are—really—and how we got this way. Previous series include Seeing White (Season 2), looking at the roots and meaning of white supremacy; MEN (Season 3), on patriarchy and its history; The Land That Never Has Been Yet (Season 4), exploring democracy in the U.S. and why we don’t have more of it; The Repair (Season 5), on the cultural roots of the climate crisis; and Season 6, Echoes of a ...
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With cryptocurrencies—and Bitcoin (BTC) in particular—back in the news and driving markets, Tony sat down with portfolio manager Jason Lee to discuss hot topics such as, what is BTC “halving” and why is it important; what the differences are between owning spot BTC exchange-traded funds vs. owning BTC directly; and the challenges BTC confronts in b…
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Welcome to Season 7: Capitalism. The world's dominant economic system is on trial as it hasn't been for at least half a century. This season tells the story of capitalism -- how people with power built and shaped it over time. We'll also explore what to do now that many people see capitalism as the problem, not the solution. Produced by host/produc…
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As we get ready to launch our Season 7, a bonus episode from another podcast we think our listeners will want to hear: Long Shadow. Episode 1 of its newest season, In Guns We Trust, with host Garrett Graff. Mass shootings have plagued the U.S. for generations. But in 1999, when shots rang out in a suburban Denver school, it was different. What chan…
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Chief Investment Officer Tony Roth, Head of Investment Strategy Meghan Shue, and Chief Economist Luke Tilley discuss the twists and turns of the market and economy while keeping their eyes peeled for opportunities in the face of persistent obstacles, such as inflation. Discover why they believe that although equity values may seem fairly priced, th…
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We are revisiting a previous episode of Capital Considerations where I explored the intersection of art and finance with Charlie Banta, former board president of the Buffalo AKG Art Museum. During our discussion, we spoke about the intricacies of investing in art, how certain high-value assets can appreciate in value long term, and the possibility …
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What would it take, and what would it even mean, to heal from a wound like the Wilmington massacre and coup of 1898 — or from centuries of white supremacist violence, disenfranchisement, and theft? An exploration of that question with community members in Wilmington, and experts on restorative justice and reparations. By Michael A. Betts, II and Jo…
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After the massacre and coup of November 10, 1898, white supremacists in North Carolina soon finished the job of disenfranchising Black citizens and instituting Jim Crow segregation. They also took control of the narrative. A new propaganda campaign, the one after the fact, succeeded for a century – even as several Black writers tried to tell the tr…
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During a recent event in New York City Chief Investment Officer Tony Roth, Head of Investment Strategy Meghan Shue, and Chief Economist Luke Tilley discussed their 2024 Capital Markets Forecast, the team's economic and investment outlook for the year ahead. During the in-depth discussion, which was moderated by CNBC's Sue Herera, they shared their …
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On November 1898, North Carolina Democrats won a sweeping victory at the polls – confirming the success of their campaign based on white supremacy, intimidation, and fraud. But in Wilmington, the state’s largest city, white supremacist leaders were not satisfied. This episode tells what happened on November 10, 1898, in Wilmington: a massacre of Bl…
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By 1898, two decades after the end of Reconstruction, white elites, backed by violent terror groups, have installed Jim Crow across most of the South. North Carolina, led by its largest city, Wilmington, is different. A Fusion coalition, made up of mostly-Black Republicans and mostly-White members of the Populist Party, controls the city and state …
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This series tells the story of the only successful coup d’etat in U.S. history, and the white supremacist massacre that went with it. It happened in Wilmington, North Carolina in November 1898. But before we get to that story, we explore the surprising world of Wilmington in the 19th century – the world that the massacre and coup violently destroye…
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Introduction to Season 6, a series co-produced by Michael A. Betts II and Scene on Radio producer and host John Biewen, with story editor Loretta Williams. Music by Kevin MacLeod, Okaya, and Lucas Biewen. Echoes of a Coup is a project of America’s Hallowed Ground and Scene on Radio, from the Kenan Institute for Ethics at Duke University.…
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Are you looking to add value to your portfolio through nontraditional means? Chief Investment Officer, Tony Roth, explores the fascinating intersection of art and finance with special guest Charlie Banta. Listen as they explore the intricacies of investing in art and discuss the factors that make certain pieces rise in value over time. The conversa…
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As the world grapples with climate change and the need to reduce greenhouse gas emissions, many ask if EVs are a promising solution? Listen as Chief Investment Officer Tony Roth and Corey Cantor, electric vehicle associate at BloombergNEF, discuss the lifecycle analysis of EVs, from battery production to charging sources. They also delve into inves…
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With the recent stressors on the stock market, Chief Investment Officer Tony Roth, Chief Economist Luke Tilley, and Head of Investment Strategy Meghan Shue reflect on the tumultuous months leading up to our discussion and put into context the crucial factors shaping the landscape for the fourth quarter and beyond, counting down to Election Day 2024…
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In this episode of Capital Considerations, Tony Roth discusses the crucial topic of cybersecurity with Eric Trexler, senior vice president at Palo Alto Networks. Together they shed light on the ever-evolving threats that individuals and businesses face in the digital age. Should two-factor authentication and password management be commonplace and w…
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[REVISIT] We understand that our emotions and impulses dictate the choices we make. Everything from what we buy at the supermarket, to the car we drive, to how we invest. We are revisiting a previous episode where I spoke with Dr. Stephen Shu, Professor of Practice of Behavioral Economics at Cornell Dyson School of Applied Economics & Management, t…
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From smartphones to supercomputers, and automobiles to advanced medical devices, semiconductors are at the heart of it all. To introduce us to the world of semiconductors, the power behind modern technology including artificial intelligence, Tony welcomes Dr. Mark Lundstrum, distinguished professor and chief semiconductor officer at Purdue Universi…
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What does living longer mean for you, the economy, and the planet? In this eye-opening episode, CIO Tony Roth and Professor Andrew Scott, renowned economist and co-author of The 100-Year Life delve into the fascinating topic of longevity and discuss how longer lifespans are reshaping retirement, health care, and the very fabric of our societies.…
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[REVISIT] With summer upon us, and many of us enjoying any number of water-related activities, it is a good time to reflect upon the important role oceans play in our lives and the global economy. For these reasons, we are revisiting a previously released episode. In a “blue economy,” a sustainable marine environment serves to advance science and t…
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Artificial intelligence is a catalyst for disruptive innovation across various sectors. In this episode, CIO Tony Roth and his esteemed guest, Rudina Seseri, founder and Managing Partner of Glasswing Ventures take a deep dive into the AI landscape. They explore its unique challenges, promising ventures, and burgeoning investment opportunities.…
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[REVISIT] With summer upon us, and many of us enjoying any number of water-related activities, it is a good time to reflect upon the important role oceans play in our lives and the global economy. For these reasons, we are revisiting a previously released episode. Earth’s oceans cover over 70% of the planet’s surface, while driving weather, regulat…
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[REVISIT] In light of the recent wildfires in Canada that resulted in harmful smoke shrouding much of the East Coast, we are revisiting a previously released podcast. Extreme heatwaves, devastating floods, and raging wildfires regularly compete for news headlines. How can we use these frightening and dangerous events as a catalyst for adapting to e…
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With the first half of the year behind us, it’s time to take stock of the economy, inflation, and the events impacting the markets. In this peer-to-peer conversation, Chief Investment Officer Tony Roth compares notes with Johanna Kyrklund, group chief investment officer at Schroders, about the shifting long-term trends, catalysts accelerating chang…
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[REVISIT] Given the growing risks stemming from catastrophes, such as wildfires, we are revisiting a previously released episode. Wildfires, hurricanes, and floods are some of the many perils exacerbated by climate change. High-risk regions face events with multi-billion dollars’ worth of damage. Over the next months, we’ll devote a number of episo…
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Hydrogen, it turns out, is a player in the transition to a green economy. While it produces zero emissions when it’s burned and can be used to power more fuel-efficient fuel cells, the associated cost and difficulties in storing and transporting are worth noting. Tony Roth and Dr. Riva Krut, an ESG and corporate sustainability expert, discuss its p…
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Artificial intelligence, or AI, is one of the most important technologies of our time—yet some feel its potential is just beginning to be realized. In this episode, AI expert and author of Own the AI Revolution Neil Sahota defines terms with Tony, discusses the enablers of AI technology and platforms, and delves into the recent open letter signed b…
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As interest grows in the relatively new field of removing carbon dioxide from our oceans, there are still a number of uncertainties about the process’ effectiveness and safety. Tony and Dr. Peter de Menocal, director of the Woods Hole Oceanographic Institution, discuss how new technologies to increase the ocean's ability to absorb and store CO2 may…
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Earth’s oceans cover over 70% of the planet’s surface, while driving weather, regulating temperature, and serving as a vital source of sustenance, transport, and commerce. In a “blue economy,” a sustainable marine environment serves to advance science and technology in a way that fosters economic opportunities and societal solutions. On this first …
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As China reopens and tries to break free of a growth-inhibiting middle-income trap, many are paying close attention. To lend insight into the scenarios that may unfold, what they could mean for our inextricably linked economies, and the potential market opportunities, Tony speaks with Shehzad Qazi, managing director and chief operating officer of C…
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As of this writing, a few financial institutions have imploded as they struggled to contend with rising short-term interest rates and efforts to generate immediate liquidity. In their wake, some companies have seen their stock share prices plunge, while investors are anxious about further potential looming aftershocks in the banking sector and beyo…
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Investing often relates to how we categorize risk. Environmental, social, and governance (ESG) is a lens we can use to do just that. The bottom line is ESG risks are financial risks, but how do decisions made by companies impact shareholders and investors? To talk about how the ESG lens is used to classify risk bands, Tony was joined by Cyrus Lotfi…
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Wildfires, hurricanes, and floods are some of the many perils exacerbated by climate change. High-risk regions face events with multi-billion dollars’ worth of damage. Over the next months, we’ll devote a number of episodes to the financial cost of climate change and how we can move forward in an effort to protect ourselves and our investments. We’…
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In many ways, the economy and financial markets bear little resemblance to the world stage that was in place three years ago, when we last updated our long-term capital markets assumptions and strategic asset allocations (SAA) for client portfolios. We invite you to join our first 2023 episode of Capital Considerations, where we explain the rationa…
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With inflation at levels not seen in decades, Chief Investment Officer Tony Roth and members of his team examine the determinative catalysts for the 2023 market and economic outlook. Where have all the workers gone? What are the critical tipping points and risks around China’s polices? And how is the transition to green energy linked to rising pric…
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Goodbye to hyper-low interest rats for homebuyers; hello to even higher rents. People are staying put, which means we may not see meaningful change in the housing market next year. What does this mean for the overall inflation picture? Dr. Orphe Divounguy, Senior Economist at Zillow, joins Tony to discuss the housing market from an inflationary sta…
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As Bitcoin's utility expands, so does its adoption—but where does it stand as an asset class? Does it move in lockstep with risk assets? Can it serve as an inflation hedge? Chief Investment Officer Tony Roth talks with Alyse Killeen, the Founder and Managing Partner of Stillmark, about the growing Bitcoin ecosystem and its fundamental value.…
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With President Xi Jinping poised to take a third term, we look at the critical geopolitical relationship between the U.S. and China to better understand its potential implications for the world's economic balance and markets. Chief Investment Officer Tony Roth speaks with David Dollar, Senior Fellow in the China Center at the Brookings Institution,…
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We are not out of the woods yet. We can't even see the edge of the woods. With high inflation, a hawkish Fed, and weak economic data, can a recession be far behind? Wilmington Trust’s Chief Investment Officer Tony Roth recently held an important webinar. He was joined by Chief Economist Luke Tilley and Head of Investment Strategy Meghan Shue. Some …
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