Inflation Hits 3-Year High & Harvard Cracks Down on A Grades

This episode of Morning Brew Daily dives into two major economic stories: the U.S. inflation rate hitting a three-year high of 3.8% in April, driven by rising energy prices due to the war in Iran, and a growing backlash against 'grade inflation' at elite universities like Harvard. The hosts break down how inflation is eroding wage gains, with real earnings turning negative for the first time in years, and explore ripple effects like skyrocketing airfares, coffee prices, and even a Japanese snack giant switching to black-and-white packaging due to a naphtha shortage. Meanwhile, Harvard is facing internal pressure to cap A grades at 20% of each class, sparking debate over academic merit, student stress, and institutional incentives. The episode also covers the high-stakes legal battle between Elon Musk and Sam Altman over OpenAI’s mission, the failed GameStop bid for eBay, and Spotify’s surprise release of a 20-year 'Spotify Wrapped' feature. Throughout, the hosts blend sharp analysis with humor and cultural commentary, offering both insight and levity. Key takeaways include: inflation is no longer just a headline number but a lived reality affecting daily spending; grade inflation at top schools is driven by systemic incentives from students to professors; corporate and political narratives around AI and control are deeply intertwined with personal ambition; and small, playful moments—like a viral game site or a clever one-liner—can bring unexpected joy in a stressful world. The episode ends on a light note, encouraging listeners to embrace mindless fun and sprinkle whimsy into their routines.