19 Burst results for "1 Ratio"
The Breakdown
"1 ratio" Discussed on The Breakdown
"Alright friends, the techno-optimism manifesto by Marc Andreessen begins with a set of quotes. The first is from Walker Percy and reads, You live in a deranged age, more deranged than usual, because despite great scientific and technological advances, man has not the faintest idea of who he is or what he is doing. The second quote is from Marion Tuppy and reads, Our species is 300,000 years old. For the first 290,000 years we were foragers, subsisting in a way that's still observable among the Bushmen of the Kalahari and the Sentinelese of the Andaman Islands. Even after Homo sapiens embraced agriculture, progress was painfully slow. A person born in Sumer in 4000 BC would find the resources, work, and technology available in England at the time of the Norman Conquest, or in the Aztec Empire at the time of Columbus quite familiar. Then, beginning in the 18th century, many people's standard of living skyrocketed. What brought about this dramatic improvement and why? Third and final quote to kick this off comes from Thomas Edison, There's a way to do it better. Find it. The main piece then begins, Lies. We are being lied to. We are told that technology takes our jobs, reduces our wages, increases inequality, threatens our health, ruins the environment, degrades our society, corrupts our children, impairs our humanity, threatens our future, and is ever on the verge of ruining everything. We are told to be angry, bitter, and resentful about technology. We are told to be pessimistic. The myth of Prometheus, in various updated forms like Frankenstein, Oppenheimer, and Terminator, haunts our nightmares. We are told to denounce our birthright, our intelligence, our control over nature, our ability to build a better world. We are told to be miserable about the future. Truth. Our civilization was built on technology. Our civilization is built on technology. Technology is the glory of human ambition and achievement, the spearhead of progress, and the realization of our potential. For hundreds of years, we properly glorified this until recently. I am here to bring the good news. We can advance to a far superior way of living and of being. We have the tools, the systems, the ideas. We have the will. It is time, once again, to raise the technology flag. It is time to be techno-optimists. Technology. Techno-optimists believe that societies, like sharks, grow or die. We believe growth is progress, leading to vitality, expansion of life, increasing knowledge, higher well-being. We agree with Paul Collier when he says, Economic growth is not a cure-all, but a lack of growth is a kill-all. We believe everything good is downstream of growth. We believe not growing is stagnation, which leads to zero-sum thinking, internal fighting, degradation, collapse, and ultimately death. There are only three sources of growth. Population growth, natural resource utilization, and technology. Developed societies are depopulating all over the world, across cultures. The total human population may already be shrinking. Natural resource utilization has sharp limits, both real and political. And so the only perpetual source of growth is technology. In fact, technology, new knowledge, new tools, what the Greeks called technē, has always been the main source of growth and perhaps the only cause of growth, as technology made both population growth and natural resource utilization possible. We believe technology is a lever on the world. The way to make more with less. Economists measure technological progress as productivity growth. How much more we can produce each year with fewer inputs, fewer raw materials. Productivity growth, powered by technology, is the main driver of economic growth, wage growth, and the creation of new industries and new jobs, as people and capital are continuously free to do more important valuable things than in the past. Productivity growth causes prices to fall, supply to rise, and demand to expand, improving the material well-being of the entire population. We believe this is the story of the material development of our civilization. This is why we are not still living in mud huts, eking out a meager survival and waiting for nature to kill us. We believe this is why our descendants will live in the stars. We believe that there is no material problem, whether created by nature or by technology, that cannot be solved with more technology. We had a problem of starvation, so we invented the green revolution. We had a problem of darkness, so we invented electric lighting. We had a problem of cold, so we invented indoor heating. We had a problem of heat, so we invented air conditioning. We had a problem of isolation, so we invented the internet. We had a problem of pandemics, so we invented vaccines. We had a problem of poverty, so we invent technology to create abundance. Give us a real world problem and we can invent technology that will solve it. Markets. We believe free markets are the most effective way to organize a technological economy. Willing buyers meet willing sellers or prices struck, both sides benefit from the exchange or it doesn't happen. Profits are the incentive for producing supply that fulfills demand. Prices encode information about supply and demand. Markets cause entrepreneurs to seek out high prices as a signal of opportunity to create new wealth by driving those prices down. We believe the market economy is a discovery machine, a form of intelligence, an exploratory, evolutionary, adaptive system. We believe Hayek's knowledge problem overwhelms any centralized economic system. All actual information is on the edges, in the hands of the people closest to the buyer. The center, abstracted away from both the buyer and the seller, knows nothing. Centralized planning is doomed to fail. The system of production and consumption is too complex. Decentralization harnesses complexity for the benefit of everyone. Centralization will starve you to death. We believe in market discipline. The market naturally disciplines. The seller either learns or changes when the buyer fails to show or exits the market. The market naturally disciplines. The seller either learns and changes when the buyer fails to show or exits the market. When market discipline is absent, there is no limit to how crazy things can get. The motto of every monopoly and cartel, every centralized institution not subject to market discipline, we don't care because we don't have to. Markets prevent monopolies and cartels. We believe markets lift people out of poverty. In fact, markets are by far the most effective way to lift vast numbers of people out of poverty and always have been. Even in totalitarian regimes, an incremental lifting of the repressive boot off the throat of the people and their ability to produce and trade leads to rapidly rising incomes and standards of living. Lift the boot a little more, even better. Take the boot off entirely. Who knows how rich everyone can get? We believe markets are an inherently individualistic way to achieve superior collective outcomes. We believe markets do not require people to be perfect or even well intentioned, which is good because have you met people? Adam Smith said, David Friedman points out that people only do things for other people for three reasons, love, money, or force. Love doesn't scale, so the economy can only run on money or force. The force experiment has been run and found wanting. Love doesn't scale, so the economy can only run on money or force. The force experiment has been run and found wanting. Let's stick with money. We believe the ultimate moral defense of markets is that they divert people who otherwise would raise armies and start religions into peacefully productive pursuits. We believe markets, to quote Nicholas Stern, are how we take care of people we don't know. We believe markets are the way to generate societal wealth for everything else we want to pay for, including basic research, social welfare programs, and national defense. We believe there is no conflict between capitalist profits and a social welfare system that protects the vulnerable. In fact, they are aligned. The production of markets creates the economic wealth that pays for everything else we want as a society. We believe central economic planning elevates the worst of us and drags everyone down. Markets exploit the best of us to benefit all of us. We believe central planning is a doom loop. Markets are an upward spiral. The economist William Nordhaus has shown that creators of technology are only able to capture about 2% of the economic value created by that technology. The other 98% flows through to society in the form of what economists call social surplus. Technological innovation in a market system is inherently philanthropic by a 50 to 1 ratio. Who gets more value from a new technology, the single company that makes it, or the millions or billions of people who use it to improve their lives? QED. We believe in David Ricardo's concept of comparative advantage. As distinct from competitive advantage, comparative advantage holds that even someone who is the best in the world at doing everything will buy most things from other people due to opportunity cost. Comparative advantage in the context of a properly free market guarantees high employment regardless of the level of technology. We believe a market sets wages as a function of the marginal productivity of the worker. Therefore, technology which raises productivity drives wages up, not down. This is perhaps the most counterintuitive idea in all of economics, but it's true, and we have 300 years of history that prove it. We believe in Milton Friedman's observation that human wants and needs are infinite. We believe markets also increase societal well-being by generating work in which people can productively engage. We believe a universal basic income would turn people into zoo animals to be farmed by the state. Man was not meant to be farmed, man was meant to be useful, to be productive, to be proud. We believe technological change, far from reducing the need for human work, increases it by broadening the scope of what humans can productively do. We believe that since human wants and needs are infinite, economic demand is infinite, and job growth can continue forever. We believe that markets are generative, not exploitative, positive-sum, not zero-sum. Participants in markets build on one another's work and output. James Carse describes finite games and infinite games. Finite games have an end when one person wins and another loses. Infinite games never end as players collaborate to discover what's possible in the game. Markets are the ultimate infinite game. Combine technology and markets and you get what Nickland has termed the techno-capital machine, engine of perpetual material creation, growth, and abundance. We believe the techno-capital machine of markets and innovation never ends, but instead spirals continuously upward. Comparative advantage increases specialization and trade. Prices fall, freeing up purchasing power, creating demand. Falling prices benefits everyone who buys goods and services, which is to say everyone. Human wants and needs are endless, and entrepreneurs continuously create new goods and services to satisfy those wants and needs, deploying unlimited numbers of people and machines in the process. This upward spiral has been running for hundreds of years, despite continuous howling from communists and Luddites. Indeed, as of 2019, before the temporary COVID disruption, the result was the largest number of jobs at the highest wages and the highest levels of material living standards in the history of the planet. The techno-capital machine makes natural selection work for us in the realm of ideas. The best and most productive ideas win and are combined and generate even better ideas. Those ideas materialize in the real world, as technology enabled goods and services that never would have emerged in Novo. Ray Kurzweil defines his laws of accelerating returns. Technological advances tend to feed on themselves, increasing the rate of further advance. We believe in accelerationism, the conscious and deliberate propulsion of technological development, to ensure the fulfillment of the law of accelerating returns, to ensure the techno-capital upward spiral continues forever. We believe the techno-capital machine is not anti-human. In fact, it may be the most pro-human thing there is. It serves us. The techno-capital machine works for us. All the machines work for us. We believe the cornerstone resources of the techno-capital upward spiral are intelligence and energy, ideas, and the power to make them real. Intelligence We believe intelligence is the ultimate engine of progress. Intelligence makes everything better. Smart people and smart societies outperform less smart ones on virtually every metric we can measure. Intelligence is the birthright of humanity. We should expand it as fully and broadly as we possibly can. We believe intelligence is in an upward spiral. First, as more smart people around the world are recruited into the techno-capital machine. Second, as people form symbiotic relationships with machines into new cybernetic systems such as companies and networks. Third, as artificial intelligence ramps up to the capabilities of our machines and ourselves. We believe we are poised for an intelligence takeoff that will expand our capabilities to unimagined heights. We believe artificial intelligence is our alchemy, our philosopher's stone. We are literally making sand think. We believe artificial intelligence is best thought of as a universal problem solver. And we have a lot of problems to solve. We believe artificial intelligence can save lives if we let it. Medicine, among many other fields, is in the stone age compared to what we can achieve with joined human and machine intelligence working on new cures. There are scores of common causes of death that can be fixed with AI, from car crashes to pandemics to wartime-friendly fire. We believe any deceleration of AI will cost lives. Deaths that were preventable by the AI that was prevented from existing is a form of murder. We believe in augmented intelligence just as much as we believe in artificial intelligence. Intelligent machines augment intelligent humans, driving a geometric expansion of what humans can do. We believe augmented intelligence drives marginal productivity, which drives wage growth, which drives demand, which drives the creation of new supply with no upper bound. Energy. Energy is life. We take it for granted, but without it, we have darkness, starvation, and pain. With it, we have light, safety, and warmth. We believe energy should be in an upward spiral. Energy is the foundation engine of our civilization. The more energy we have, the more people we can have, and the better everyone's lives can be. We should raise everyone to the energy consumption level we have, then increase our energy 1,000x, then raise everyone else's energy 1,000x as well. The current gap in per capita energy use between the smaller developed world and larger developing world is enormous. That gap will close, either by massively expanding energy production, making everyone better off, or by massively reducing energy production, making everyone worse off. We believe energy need not expand to the detriment of the natural environment. We have the silver bullet for virtually unlimited zero emissions energy today. Nuclear fission. In 1973, President Richard Nixon called for Project Independence, the construction of 1,000 nuclear power plants by the year 2000, to achieve complete US energy independence. Nixon was right. We didn't build the plants then, but we can now, anytime we decide we want to. Atomic Energy Commissioner Thomas Murray said in 1953, For years, the splitting atom, packaged in weapons, has been our main shield against the barbarians. Now, in addition, it is a God-given instrument to do the constructive work of mankind. Murray was right, too. We believe a second energy silver bullet is coming, nuclear fusion. We should build that as well. The same bad ideas that effectively outlawed fission are going to try to outlaw fusion. We should not let them. We believe there is no inherent conflict between the techno-capital machine and the natural environment. Per capita US carbon emissions are lower now than they were 100 years ago, even without nuclear power. We believe technology is the solution to environmental degradation and crisis. A technologically advanced society improves the natural environment. A technologically stagnant society ruins it. If you want to see environmental devastation, visit a former communist country. The socialist USSR was far worse for the natural environment than the capitalist US. We believe a technologically stagnant society has limited energy at the cost of environmental ruin. A technologically advanced society has unlimited clean energy for everyone. Abundance We believe we should place intelligence and energy in a positive feedback loop and drive them both to infinity. We believe we should use the feedback loop of intelligence and energy to make everything we want and need abundant. We believe the measure of abundance is falling prices. Every time a price falls, the universe of people who buy it get a raise in buying power, which is the same as a rise in income. If a lot of goods and services drop in price, the result is an upward expansion of buying power, real income, and quality of life. We believe that if we make both intelligence and energy quote too cheap to meter, the ultimate result will be that all physical goods become as cheap as pencils. Pencils are actually quite technologically complex and difficult to manufacture, and yet nobody gets mad if you borrow a pencil and fail to return it. We should make the same true of all physical goods. We believe we should push to drop prices across the economy through the appreciation of technology until as many prices are effectively zero as possible, driving income levels and quality of life into the stratosphere. We believe Andy Warhol was right when he said, What's great about this country is America started the tradition, where the richest consumers buy essentially the same things as the poorest. You can be watching TV and see Coca-Cola, and you can know that the president drinks Coke, Liz Taylor drinks Coke, and just think you can drink Coke too. A Coke is a Coke and no amount of money can get you a better Coke than the one the bum on the corner is drinking. All the Cokes are the same and all the Cokes are good. Same for the browser, the smartphone, the chatbot. We believe that technology ultimately drives the world to what Buckminster Fuller called ephemeralization, what economists call dematerialization. Fuller said, Technology lets you do more and more with less and less until eventually you can do everything with nothing. We believe technological progress therefore leads to material abundance for everyone. We believe the ultimate payoff from technological abundance can be a massive expansion in what Julian Simon called the ultimate resource, people. We believe, as Simon did, that people are the ultimate resource. With more people come more creativity, more new ideas, and more technological progress. We believe material abundance therefore ultimately means more people, a lot more people, which in turn leads to more abundance. We believe our planet is dramatically underpopulated compared to the population we could have with abundant intelligence, energy, and material goods. We believe the global population can quite easily expand to 50 billion people or more, and then far beyond that as we ultimately settle other planets. We believe that out of all of these people will come scientists, technologists, artists, and visionaries beyond our wildest dreams. We believe the ultimate mission of technology is to advance life both on Earth and in the stars. However, we are not utopians. We are adherents to what Thomas Sowell calls the constrained vision. We believe the constrained vision contra the unconstrained vision of utopia, communism, and expertise means taking people as they are, testing ideas empirically, and liberating people to make their own choices. We believe in not utopia, but also not apocalypse. We believe changes only happen on the margin, but a lot of change across a very large margin can lead to big outcomes. While not utopian, we believe in what Brad DeLong terms slouching toward utopia, doing the best fallen humanity can do, making things better as we go. Becoming technological supermen. We believe that advancing technology is one of the most virtuous things that we can do. We believe in deliberately and systematically transforming ourselves into the kind of people who can advance technology. We believe this certainly means technical education, but it also means going hands-on, gaining practical skills, working within and leading teams, aspiring to build something greater than oneself, aspiring to work with others to build something greater as a group. We believe the natural human drive to make things, to gain territory, to explore the unknown, can be channeled productively into building technology. We believe that while the physical frontier, at least here on Earth, is closed, technological frontier is wide open. We believe in exploring and claiming the technological frontier. We believe in the romance of technology, of industry, the Eros of the train, the car, the electric light, the skyscraper, and the microchip, the neural network, the rocket, the split atom. We believe in adventure, undertaking the hero's journey, rebelling against the status quo, mapping uncharted territory, conquering dragons, and bringing home the spoils for our community. To paraphrase a manifesto of a different time and place, beauty only exists in struggle. There is no masterpiece that has not an aggressive character. Technology must be a violent assault on the forces of the unknown to force them to bow before man. We believe that we are, have been, and will always be the masters of technology, not mastered by technology. Victim mentality is a curse in every domain of life, including in our relationship with technology, both unnecessary and self-defeating. We are not victims, we are conquerors. We believe in nature, but we also believe in overcoming nature. We are not primitives, cowering in fear of the lightning bolt. We are the apex predator, the lightning works for us. We believe in greatness, we admire the great technologists and industrialists who came before us, and we aspire to make them proud of us today. And we believe in humanity, individually and collectively. Technological values. We believe in ambition, aggression, persistence, relentlessness, strength. We believe in merit and achievement. We believe in bravery and courage. We believe in pride, confidence, and self-respect when earned. We believe in free thought, free speech, and free inquiry. We believe in the actual scientific method and enlightenment values of free discourse and challenging the authority of experts. We believe, as Richard Feynman said, science is the belief in the ignorance of experts. And I would rather have questions that can't be answered than answers that can't be questioned. We believe in local knowledge, the people with actual information making decisions, not in playing God. We believe in embracing variance and increasing interestingness. We believe in risk, in leaps into the unknown. We believe in agency, in individualism. We believe in radical competence. We believe in an absolute rejection of resentment. As Carrie Fisher said, resentment is like drinking poison and waiting for the other person to die. We take responsibility and we overcome. We believe in competition because we believe in evolution. We believe in evolution because we believe in life. We believe in the truth. We believe rich is better than poor, cheap is better than expensive, and abundant is better than scarce. We believe in making everyone rich, everything cheap, and everything abundant. We believe extrinsic motivations, wealth, fame, and revenge are fine as far as they go. But we believe intrinsic motivations, the satisfaction of building something new, the camaraderie of being on a team, the achievement of becoming a better version of oneself, are more fulfilling and more lasting. We believe in what the Greeks called eudaimonia through arete, flourishing through excellence. We believe technology is universalist. Technology doesn't care about your ethnicity, race, religion, national origin, gender, sexuality, political views, height, weight, hair, or lack thereof. Technology is built by a virtual United Nations of talent from all over the world. Anyone with a positive attitude and a cheap laptop can contribute. Technology is the ultimate open society. We believe in the Silicon Valley code of pay it forward, trust via aligned incentives, generosity of spirit to help one another learn and grow. We believe America and her allies should be strong and not weak. We believe national strength of liberal democracies flows from economic strength, financial power, cultural strength, soft power, and military strength, hard power. Economic, cultural, and military strength flow from technological strength. A technologically strong America is a force for good in a dangerous world. Technologically strong liberal democracies safeguard liberty and peace. Technologically weak liberal democracies lose to their autocratic rivals, making everyone worse off. We believe technology makes greatness more possible and more likely. We believe in filling our potential, becoming fully human for ourselves, our communities, and our society. The meaning of life. Techno-optimism is a material philosophy, not a political philosophy. We are not necessarily left-wing, although some of us are. We are not necessarily right-wing, although some of us are. We are materially focused for a reason, to open the aperture on how we may choose to live amid material abundance. A common critique of technology is that it removes choice from our lives as machines make decisions for us. This is undoubtedly true, yet more than offset by the freedom to create our lives that flows from the material abundance created by our use of machines. Material abundance from markets and technology opens the space for religion, for politics, and for choices of how to live, socially and individually. We believe technology is liberatory, liberatory of human potential, liberatory of the human soul, the human spirit, expanding what it can mean to be free, to be fulfilled, to be alive. We believe technology opens the space of what it can mean to be human. The enemy. We have enemies. Our enemies are not bad people, but rather bad ideas. Our present society has been subjected to a mass demoralization campaign for six decades, against technology and against life, under varying names like existential risk, sustainability, ESG, sustainable development goals, social responsibility, stakeholder capitalism, precautionary principle, trust and safety, tech ethics, risk management, degrowth, the limits of growth. This demoralization campaign is based on bad ideas of the past, zombie ideas, many derived from communism disastrous then and now, that have refused to die. Our enemy is stagnation. Our enemy is anti-merit, anti-ambition, anti-striving, anti-achievement, anti-greatness. Our enemy is statism, authoritarianism, collectivism, central planning, socialism. Our enemy is bureaucracy, vitocracy, gerontocracy, blind deference to tradition. Our enemy is corruption, regulatory capture, monopolies, cartels. Our enemy is institutions that in their youth were vital and energetic and truth-seeking, but are now compromised and corroded and collapsing, blocking progress and increasingly desperate bids for continued relevance, frantically trying to justify their ongoing funding despite spiraling dysfunction and escalating ineptness. Our enemy is the ivory tower, the know-it-all credentialed expert worldview, indulging in abstract theories, luxury beliefs, social engineering, disconnected from the real world, delusional, unelected and unaccountable, playing God with everyone else's lives, with total insulation from the consequences. Our enemy is speech control and thought control, the increasing use in plain sight, George Orwell's 1984 as an instruction manual. Our enemy is Thomas Sowell's unconstrained vision, Alexander Koyevi's universal and homogenous state, Thomas More's utopia. Our enemy is the precautionary principle, which would have prevented virtually all progress since man first harnessed fire. The precautionary principle was invented to prevent the large-scale deployment of civilian nuclear power, perhaps the most catastrophic mistake in Western society in my lifetime. The precautionary principle continues to inflict enormous, unnecessary suffering on our world today. It is deeply immoral and we must jettison it with extreme prejudice. Our enemy is deceleration, degrowth, depopulation, the nihilistic wish so trendy among our elites for fewer people, less energy, and more suffering and death. Our enemy is Friedrich Nietzsche's last man. From Nietzsche, I tell you, one must still have chaos in oneself, to give birth to a dancing star. I tell you, you have still chaos in yourselves. Alas, there comes the time when man will no longer give birth to any star. Alas, there comes the time of the most despicable man, who can no longer despise himself. What is love? What is creation? What is longing? What is a star? So asks the last man, and blinks. The earth has become small, and on it hops the last man, who makes everything small. His species is irredactable as the flea. The last man lives longest. One still works, for work is a pastime, but one is careful, as the pastime should hurt one. One no longer becomes poor or rich, both are too burdensome, no shepherd, and one herd. Everyone wants the same, everyone is the same. He who feels differently goes voluntarily into the madhouse. Formally all the world was insane, say the subtlest of them, and they blink. They are clever, and know all that has happened, so there is no end to their derision. We have discovered happiness, say the last men, and they blink. Our enemy is that. We aspire to be not that. We will explain to people captured by these zombie ideas that their fears are unwarranted, and the future is bright. We believe these captured people are suffering from resentiment, a witch's brew of resentment, bitterness, and rage that is causing them to hold mistaken values, values that are damaging to both themselves and the people they care about. We believe we must help them find their way out of their self-imposed labyrinth of pain. We invite everyone to join us in techno-optimism. The water is warm. Become our allies in the pursuit of technology, abundance, and life. The future. Where did we come from? Our civilization was built on a spirit of discovery, of exploration, of industrialization. Where are we going? What world are we building for our children, and their children, and their children? A world of fear, guilt, and resentment? Or a world of ambition, abundance, and adventure? We believe in the worlds of David Deutsch. We have a duty to be optimistic, because the future is open, not predetermined, and therefore cannot just be accepted. We are all responsible for what it holds. Thus, it is our duty to fight for a better world. We owe the past and the future. It is time to be a techno-optimist. It's time to build. Quite the piece there. As I kind of teased on the upfront, there is a ton to discuss and dig into there. And I think a lot of people are going to be doing that. In fact, people are already starting to do that. This is kicking up the exact conversation that I think that the folks who wrote it wanted to have, and I'm sure it contains themes that we will continue to come back to. Like I said, I shared this piece in the spirit of giving you lots of complexity when it comes to these big world significant questions. And I think it's a great representation of just how at the center of so many of those questions artificial intelligence really is. As promised, I will be back with our normal format for tomorrow's show. And so until next time, peace.
The Bitboy Crypto Podcast
"1 ratio" Discussed on The Bitboy Crypto Podcast
"I see Sam looks way more like his mom, like a thousand percent, like 10,000 percent. Like, is that his dad, question mark? His dad has Epstein jaw. Epstein jaw. Yeah, he has like an Epstein, like Epstein has that statuesque jaw. It's like not weird, like Jay Leno, but like weird, like a Greek philosopher. Yeah, yeah. I mean, aren't they like lawyers? Yeah, yeah, law professors. Yeah, they definitely pass lawyers. They definitely pass the Epstein bar exam. All right, Dizzy, I saw your 100K portfolio, so I figured I would try it out. Let's see how your 100K profits during the bull run crypto crank. That is awesome. I had one Bitcoin, 15 ETH, I think 42,069 ADA. It's going to be, yeah, I'm looking forward to see how that goes. I also did the Jchains one. I got it from Jchains. Shout out to Justin. Hope he's doing well. Discover Deez. Okay, okay. That was good. So funny. Nailed it. He nailed it. No, he's talking about Mr. Beast's Feastable candy. Yeah, I haven't tried them yet. I haven't tried them yet, and I feel like an idiot. I just don't shop at Walmart. Target. I don't either. Target sometimes. I'm more like a Whole Foods kind of guy. All right. People got a little lipstick. I shouldn't have brought them up. I should have brought up the Island guy. You went there. Island boy's father there. Let's see. USC. Let's see. We have US SEC. This is the DeFi crackdown. The cracking down on DeFi. Cracking down on Johnny's wallet. Sounds like he said all his DeFi tokens are down. Had a rough night. Poor Johnny. Poor Johnny. Someone said Johnny goes for the grandmas. That's not true, okay? He's just in his 40s, you know? He goes for age appropriate. All right. US SEC enforcement chief hints at further crackdown on DeFi and exchanges. They seem to be further determined to chase down crypto exchanges and DeFi firms. The head of SEC's crypto assets and cyber unit said the agency found most firms violating those securities laws. Maybe we don't open Bong X. They might come after us. I'm willing to roll the dice. All right, screw it. We're rolling the dice, baby. I'm willing to roll the dice. All right. Well, he also took a dig at the DeFi projects, adding that they won't be able to escape enforcement division's attention. We're going to continue to conduct investigations. We're going to be active in the space, and adding the label of DeFi is not going to be something that's going to deter us from continuing our work. SEC operates with finite enforcement budget, which is often smaller than the financial behemoths it's accustomed to dealing with. Consequently, its capacity for handling cases remains constrained. We have a lot of litigation going on, added her. So good, good. Let's, yeah, let's stretch them thin. Let's stretch them thin like butter over too much bread, as Bilbo says. Let's see. Free Gary the lizard. Okay, yeah. Isn't that the power of decentralization? Spreading your adversaries' resources thin, right? Yes, the military is saying divide and conquer, right? Divide your enemies, like rule number one of warfare. And that's the intrinsic value that I saw in Bitcoin's design. And DeFi is just moving with the same playbook. It's probably going to work. It's proven in history, so I'm looking for it. Well, speaking of DeFi, what's the main backbone of DeFi? It's Ethereum. Well, Ether drops to a 14-month low against Bitcoin as Vitalika Buterin Ethereum whales send $60 million of ETH to exchanges. We were actually looking at this chart, I think, with Evan Aldo on ATB. So, guys, if you're not watching ATB, you got to make sure you watch ATB. We go live 5 p.m. Eastern Standard Time every day. Get three, four crypto guests. We break down the three most exciting topics. So, yeah, we're looking at this chart. We're bouncing along. This is what Evan was pointing out. You know, we bounce around. You see this wick bounce right off of it. You can see it right there, bounce right off of it. So it's important that we hold this support with the ETH Bitcoin chart. Have you been looking at that chart, AJ? I can pull it up. Give me a second. So the Ether to Bitcoin ratio dropped to a 14-month low. So this was 14 months ago over here as large token holders, including Vitalik, move coins to crypto exchanges, possibly as a prelude to selling, not like a Honda prelude. No, this is just before they sell. Those are such great cars. The Honda preludes. I loved those. Did you like Civic Del Sols? You seem too tall for a Civic Del Sol. I didn't like the Civic Del Sol, but I liked the preludes. The preludes were nice and stretched out. They gave me room to fit inside of them. Okay. Alright, so you know the thing. They have a big bag of both, Adam and Dot. Okay, staking both as well. Okay, got to be careful with the staking, but I would probably trust both those depending on where you're at now. Now, don't be like random portal bridge wormhole thing. You know, just be careful out there. What do we have here? Did you were able to pull it up? Pulling it up still. I need a second. Alright, so he's going to look at the ETH Bitcoin trading pair and bouncing along. Here, let's show this side right here. You can see it just bouncing along, bouncing along. If it breaks through, it looks like we might probably end up testing this area right here as we get closer and closer. So once we're at 5%, that means 20 Ethereum equals 1 Bitcoin. So 20 to 1 ratio, not ideal. I think we got as high as a 10 to 1 ratio, if I'm not mistaken. Yeah, you can see right here on this chart, you can see we're really, really close. That's a 12 to 1 ratio at 8%. And so right now, close to the Flirting. Flirting with the 20 to 1 ratio. Really interesting on this chart right here. So this is the Ethereum Bitcoin pair on the daily chart. All the way to the left here, we're like in a descending channel. This first peak was at September of 22, and we're down the hill. We are kind of like flirting with the bottom of this trend line right here. But what is interesting to me is that if we look at the point of control on the visible range volume profile right here to the left, that would bring us up if it bounces off the trend line 13% to the upside. And if we got a breakout, if you look at the order blocks here, these right here on Lux Algo, that there are bullish order blocks, 18% of the volume bullish, 25.5% of the volume bullish. And then up here is when we start running into the negative blocks. But still, there is enough volume up here if it bounces off this trend line for this to break out. And I think that's very interesting, especially because it's setting right now at the very bottom of that trend line. And if we kind of like zoom into like a two hour here, interested to see if there's like a bullish divergence. I mean, yeah, you could define that as a bullish divergence considering this is the two hour chart here. You know, we have the price coming this way. And then we have an anchor wave and this trigger wave is smaller than that. So hey, maybe we're going to bounce off this trend line and turn around. I think it's very interesting to keep an eye on right now. All right, looks like ETH might gain some satoshis in the near term. I'm tending to believe that we are going to bounce off that. If we fall through, it's going to be pretty bare sentiment for a lot of alts right now. All right, but guys, it is time to talk about Ripple. Where's the XRP community in the chat? Go ahead, hit that like button if you like a little XRP. I just like a little XRP. I don't like a lot of XRP. You like a lot? I like a lot of XRP. All right, I like a lot too. All right, well, let's talk about the Ripple CTO calling out the fakers, the liars, the scammers, exposing a critic who claims CZ lied about Binance.US custody. The CTO challenges the claim that they lied used by Binance.US. SEC seeks court approval to inspect Binance.US over custody concerns.
Real Estate Coaching Radio
"1 ratio" Discussed on Real Estate Coaching Radio
"Welcome to Real Estate Coaching Radio, starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. We are back. And actually we are picking up where we left off a week ago when we were talking about door knocking. And I have to say, Julie, the door knocking podcast series that you wrote has become one of our biggest downloaded and listened to podcasts. And now it's quickly becoming one of our biggest downloaded and viewed YouTube videos, which it is something door knocking and learning how to be a proactively generator is definitely something that everyone wants to know how to do, needs to know how to do, because really a lot of the passive lead generation stuff from social and from buying leads, it's had its day in the sun, all these passive ideas and as the economy changes, as the housing market changes, people are realizing they are going to have to actually get off their dust and learn how to be proactively generators and had to have real meaningful conversations with real estate perspective, real estate clients. And in doing so, and I know you're reading this as well from our people who email us and text us and all the rest of it, they're having more expensive, more expensive, right? They're having more success from that experience faster than they thought. They that they had no clue, frankly, that they're going to be able to generate so many leads so quick. Yes, absolutely. And here's the thing. This doesn't cost you anything. Right. And at the same time, there's so many added benefits. For example, of course, your skills are going to increase your ability to have really great, valuable conversations about real estate. That's going to get better and better with every conversation you have. Of course, we all know that most real estate transactions do indeed come from a face to face conversation about real estate. Most people will choose to work with the first person they talk to about their situation. Your job is to be that person. And another great byproduct of this, Tim, is that it creates a lot of lead follow up for these guys where also you have a high likelihood of setting your next appointments from. But, you know, really, all those things are the practical, tactical reasons you want to, you know, door knock or do any kind of proactive lead generation. But I'll say the biggest psychological mindset reason why is because a lot of agents right now, most agents right now are looking for a sense of direction. They feel the markets change. I mean, really, I don't know. Did I tell you this, Jules? They're originally they were expecting there to be five point five million home sales this year. And now they're actually projecting. I believe it's NAR that's projecting now it's only five million home sales. So five hundred thousand fewer home sales. But that's actually a million home sales fewer than last year or something like that. So you're talking about a very significant number of real estate agents who won't be doing real estate transactions at all. And a lot of the agents who are listening to us right now and are in the business have only been in real estate, frankly, for the last five years or less. And if you've not sold real estate for more than really 15 years, you've not sold real estate during a transitioning market, you're at an advantage and you're at a disadvantage. And the disadvantage is, you know, or the advantage is you don't have the battle scars, you know, so you don't have the bad memories of what that market's like. But the disadvantage is, is you don't know how different things really can be and how quickly they can change. And if you've been in real estate only in the really the last five or even 10 years, you've come up during a very sort of bizarre time in the real estate industry because there's been this advent of all this lead buying and team building and branding and marketing. These things really have hit their peak. Why? Because there was so much money that was in real estate, so many agents looking to spend money, so many agents not really understanding how to decide what they should spend their money on, if they should spend their money at all on anything. And so as a result, that's brought in a lot of these businesses that were venture funded. And, you know, I don't want to bore all of you, but the moral of the story is a lot of those businesses are washing out a lot of these ideas that never really worked in real estate, even in the best of times, are really going to prove out not to work certainly in a changing market like we're experiencing now. That's the reason every single one of you need to accept the fact that we're in a new market. And that's fantastic. There's going to be fewer transactions in most of the country. And that's actually not a bad thing either when you take into consideration that your biggest competitor, for the most part, isn't the seasoned grizzled veteran. Your biggest competitor is the other agent who just got their license or maybe the other agent who the seller might know because their kids played together or just some social connection. But as those types of agents who aren't really serious about the business get out of the business, the ones that have skills are actually they're absolutely going to clean up. That's the reason that during a market shift like this, you always see. Well, you see one or two things. You see new kings crowned, new queens crowned in the marketplaces. Those are the agents that were able to adapt to the new market, learn the new skills. They didn't wait around for the market to change back the way it was. They said, this is what it is. I'm going to make the most of it. And then sometimes you also see the agents who are at the top of the market, who are the actual dominant agents. They actually start to get more market share. So you could. But here's where it's interesting. It's fascinating. I have to be careful saying this because it offends some people, but it's still true. A lot of what happens in a market like this are the dug in grizzled teams and brokers refuse to change. They still try to carry their old way of thinking and their old expense structure into this new market. And when they do that and the new market essentially doesn't allow them to, frankly, make it work cash flow wise, they go out of business and they have to hit a hard reset on their personal and business lives. I'll suggest if you're in that bucket, if you're in that bracket, if you're realizing that you're essentially trying to model your business after something that worked in the past market, you need to take a seriously hard look at adapting very quickly to the new realities. Otherwise, frankly, you're going to most likely suffer needlessly. Don't wait to learn what I just said is true. Get ahead of whatever is going to happen next, because, guys, a million fewer transactions is a million fewer transactions. That's a lot of transactions that are leaving the marketplace. And a lot of you, again, have been buying your business and the quality of the leads. Have you noticed the quality, especially the buyer leads has really gone to pot? Well, that's just going to get worse as well. So please, please, please, please don't wait to experience hardship to realize what I'm telling you is true. Take action on all that now. So we're going to get back to door knocking. And this is the last part of our four part series. So, Julie, point number 13. Yes, part four point number 13 post on social media, especially on YouTube, a video of you starting to prospect a specific neighborhood. This should be you in front of the neighborhood sign or something recognizable about where you are. Share some fast facts and explain that you'll be there this afternoon, connecting with all of the neighbors and answering any real estate questions. Give your mobile number posted on all of your social media. And of course, you can refer to our podcast series about how to utilize videos for real estate agents. Now, let's I'm going to talk real briefly about this. First of all, YouTube is now migrating towards trying to be a little tick tocky. And so is Instagram. In other words, it's starting to give more priority to short videos, which is perfect because short videos don't have to be really produced at a high level. It's great. And what Julie just said, why are we telling you to do this? Because what's going to happen is as you're door knocking and getting to know the neighbors and essentially building your centers of influence and past clients, they're most likely going to do a little bit of googling on you to find out what your your story is. And so if you created a lot of these little short snippet, you know, tick tock type videos and they're on Instagram, they're on YouTube and maybe even on tick tock, what's going to happen is those search results will come up and they're going to see your very proactive in the community. You get it? So all we're trying to do is use the social to reinforce, use the passive, the social media to reinforce the proactive, which is you door knocking. That is closing the loop. That's creating a Web. Now, there is a way to do these videos. And Julie gave you some ideas. We also include in our premier coaching, which is free for all of you, a 12 month social media marketing plan. It's something a lot of you, frankly, are struggling with because you don't know what to talk about, what to do. And we give you a lot of great ideas, kind of model out your entire year what you should be doing. I just gave you some ideas right there. If you want to join premier coaching for free, you heard that right. For free, simply text the word premier to four seven three seven two. Text the word premier to four seven three seven two. Or you can always go to members dot Tim and Julie Harris dot com if you don't want to text or if you're outside of the continental United States. But the easiest way for sure is just to text the word premier p r e m i e r to four seven three seven two. And when you do, we'll text you back a link. You click that link and you can join premier coaching and usually about 20, 22 seconds and you will have instant access to premier coaching, which includes a daily semi private coaching call daily, as in every workday, Monday through Friday, semi private coaching call. You have immediate access to our private members only Facebook groups. You have immediate access to the scripts, the objection handlers. A lot of the things that we talk about on this podcast you get for free. So don't wait on this. This is a perfect time of year for you to be getting your skills 100 percent in alignment with this new market. So text the word premier to four seven three seven two. Remember, when texting message and data rates may apply. Yes. So back to point number 13, just for a second. So let's say that you went door knocking today in Oak Creek. You talked about it. You gave some fast facts. You let everybody know you'll be there this afternoon. Well, maybe this weekend somebody in Oak Creek is thinking about listing their property. One of the first things they're going to do is go to Google and say agents or realtors or real estate agents in Oak Creek. They want to know who actually sells that area. And guess whose video is going to pop up, assuming that you did point number 13. Well, you know, you're going to get me we're never going to move past 13. But this is really this is such a sweet thing that she just said. You all should do this experience or experiment. Go to your phone, go to open up Chrome, assuming you have that on your phone, and then do a search for Julius using Oak Creek. I mean, Oak Creek's a subdivision we used to sell in. But use the name of a subdivision in a community, like as if you were a buyer looking. And then what I want you to notice is the first ads that come up are the pay-per-click ads. And then after that, what you're going to see is usually in the second or usually the first, second or third search results, you're going to see search results from YouTube. In other words, you're going to see that Google is starting to give priority to these short little snippet videos that I just described to you, and they're prioritizing the videos above the normal search results. In other words, you're going to get primo search results. Why? Because they want people to click search results and they know people will click video search results, like at a 5 to 1 ratio, more than a textural search result. So you need to be doing these little short videos in conjunction with what you're already doing. Now, it's not enough just to do the video. You're going to have to use a system like the one Julie and I use is called vidIQ to make sure you're getting all the YouTube SEO stuff right. You have to title it right. You have to put in tags. It's all very... None of that's hard, though. Oh, it's super simple. I mean, frankly, if you and I know how to do it. Right. And vidIQ is so cheap, I don't even remember how much it costs. There's a free version. OK, there you go. And we're not we're not affiliated with vidIQ. It's just vidIQ. And then it'll tell you essentially how to make it so that your videos get higher placement. The key is always to have very drilled down titles in your descriptions saying today I'm door knocking and getting to know the neighbors in Oak Creek subdivision and nothing a lot of you know, you don't need a lot of blithering and blathering, just very three or four lines. And then you want to put your links. You want to if you'd like to contact me about home for sale in Oak Creek or if you're thinking about selling your home in Oak Creek and then give your cell phone number, things like that. And what you'll find is you'll start generating leads from your YouTube. But what you're really trying to do is close the loop. Door knock. Hello. Hi, it's Bob at my door. Bob's here to provide me some information about recent home sales. Bob's, you know, very nice, very approachable. I like Bob. Bob's great. He's obviously trying to do a great job getting home sold in our community. Well, I'm more curious. I'm curious about Bob before I actually want to further my relationship with him. I have my phone in my pocket. I pull it out. I Google Bob's name, but I find Bob's actually very proactive. You guys get it. This is all free. Every single thing we told you how to do so far is free. Yes. And the super cool thing about doing the video in addition or in conjunction with your actual door knocking is that that video is going to live on and the search results will live on. So it gives a boost to that door knocking. OK, point number 14, door knock the neighborhood prior to all of your open houses. Again, give out a flyer with the stats for the neighborhood and add your home brochure for the home that you'll hold open. Ask who they know who you should invite to the open house. Ask permission to place your directional signs in the yards. And don't forget to ask, who do you know who could use my help buying or selling real estate? Well, let me give you a little bit of an enhancement to this. Now, this will work pretty much in all price ranges. But what our best age we have agents that are making, you know, millions of dollars per year. One of their primary lead drivers is doing exactly what we talk about. One of the things you want to do, it works sometimes unbelievably well in certain neighborhoods, usually more expensive neighborhoods realistically. But one of the things you want to do is you want to have a neighbors only open house prior to the main open house. And so what you can do is you can go and door knock the neighbors, invite them to the open house, and then by inviting them to the open house, you're going to maybe have the open house, the normal one for the public open from one till four, where you're going to have the neighbors only open house from, say, you know, 12 till one or something like that. What you're doing is you're just showing that you're more proactive and you're getting to know all the neighbors and the neighbors are going to think, you know what? This gives me the opportunity to go through that house and look in their garage and see if they ever gave me my mower back or my, you know, search for that search for the missing, you know, whatever, see if my neighbors accidentally snatched it. That's a bad joke, but you guys get the point. What we're really trying to do is position you, put you in. You're now door knocking. You're now having conversations. You're now delivering value to people. You're now being the person you want to be and you're working in the communities you want to work. You're actually doing real work of real estate. How does that make you feel? How does that make you feel versus, say, for example, working on your CRM more or less confident? How does that make you feel knowing you're having direct conversations with people versus, say, building a big funnel that hopefully maybe you're going to spend a bunch of money trying to get people to go into so you can drip on them door knocking, having real proactive conversations. It immediately energizes you, immediately makes you more in alignment with your highest and truest purpose in this planet, which is being of service to other people. Point number fifteen. Yes, and number fifteen is a mindset point. Believe that door knocking works and it will work. How you speak with someone when you're prospecting is greatly influenced by how you're thinking about what you're doing. Napoleon Hill said, what the mind can conceive and believe it can achieve. You'll have more energy and enthusiasm when you're all in versus I'm going to try it out or I'll see how it goes. I'm just going to do this for one day and see whether it works or not. So believe that it's working. Be consistent about it and your your attitude about it will cause you to have better results. And also with regards to that, when you're door knocking, use the scripts that we give you. We talked about those a little bit on the first couple of shows of the series, but obviously these are all waiting for you over on premier coaching and all of you are ready to join premier coaching. Don't wait. Just text the word premier to four seven three seven two and you can join right away. Remember when texting message and data rates may apply. Yes. Now our final point, number sixteen is number sixteen in a four part series because it's a bit more advanced. It's also one of my favorite points about door knocking. You can create a neighborhood directory as a way to get everyone's contact information and connect the community. This can be digital and or hard copy. It's a great excuse to door knock and you're providing value to the community. You can include a map of the neighborhood, phone numbers to the utility companies who service the neighborhood and a section for other recommended providers like the sprinkler guy, a pool guy, a painter, a dog walker, a babysitter. And of course, your real estate ad with testimonials will be in that section as well. Or you could put it in the back cover as directory sponsored by Bob Smith of Exp Realty, for example. This is why hard copy is nice. It stays in their kitchen with your information on it and they use it all the time. They're not going to throw it out. This is such a huge idea when you do it well. And of course, Julie and I did this as well. And yes, we could have leaned into one of those online portals. What was the one that was in Georgetown, like nextdoor.com and they provide. But they're keeping all of that pertinent information behind a paywall and you're not in control of it. So really, what you want to do is there's a couple of different ways to go about this. I would say you'll experience, again, depending on the price range, you're going to experience 50 percent of the people are going to be very apprehensive about giving their information out. So here's the move is you want to essentially create a fill in the blank flyer and the fill in the blank flyer has no required information. Now, you can have an address associated with a name. You don't have to have their permission to say one, two, three Elm Street is lived in by Bob and Betty Jones. Right. You can do that. All their other information, they have to decide whether they want to share it, their phone numbers, their email addresses, whatever else it is. So you will door knock and you will say we're putting together a directory as a community service. And this directory is only going to be given to people in the neighborhood. It's not going to be shared any other way. It's only going to be in print format. It's not going to be a digital format. No one's going to be able to essentially email it or anything like that. So you don't have to worry about any nefarious marketing that might happen as a result of it. This is just for the neighborhood. In addition to that, we're going to include a list of the service providers. So if you've got any on the same fill in the blank thing, who is your favorite babysitter? Who's your favorite roofer? Who is your preferred landscaper? Who is your preferred all the rest of it? Right. If you're from Columbus, Ohio, like where Julie and I are from, who's the best, most reliable person that's going to show up in the middle of the night and move the 14 feet of snow off your driveway, all that sort of thing. Right. Give them the babysitters, all these types of things. But that's really valuable. You know, I mean, how many times do you, oh, I got to go Google that and then I've got to look at reviews and I got to sift and sort all that out. What if you knew, and we talk about this all the time, that when somebody needs a service provider, what do they do? Who do I already know? If I don't already know somebody, I'm going to ask a trusted friend or advisor. I'm probably going to ask a neighbor because they're going to know who services the community. So this is a really valuable thing for you to put together. That will have shelf life. And of course, you can sponsor the back cover. You can include yourself in the service providers. There's lots of ways you can work this. And so you can you should do this. This is just thinking big here. You should do this every year. Now, when Julie and I did this, what we did was we do it. Actually, I don't think we updated it every year. I think we updated it like every 18 months or 24 months. But it was it was obviously completely voluntary. At first, people were apprehensive and then they felt left out. They had FOMO if not being in the directory.
Real Estate Coaching Radio
A highlight from Real Estate Agents Complete Door Knocking Guide (Part 4)
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. We are back. And actually we are picking up where we left off a week ago when we were talking about door knocking. And I have to say, Julie, the door knocking podcast series that you wrote has become one of our biggest downloaded and listened to podcasts. And now it's quickly becoming one of our biggest downloaded and viewed YouTube videos, which it is something door knocking and learning how to be a proactively generator is definitely something that everyone wants to know how to do, needs to know how to do, because really a lot of the passive lead generation stuff from social and from buying leads, it's had its day in the sun, all these passive ideas and as the economy changes, as the housing market changes, people are realizing they are going to have to actually get off their dust and learn how to be proactively generators and had to have real meaningful conversations with real estate perspective, real estate clients. And in doing so, and I know you're reading this as well from our people who email us and text us and all the rest of it, they're having more expensive, more expensive, right? They're having more success from that experience faster than they thought. They that they had no clue, frankly, that they're going to be able to generate so many leads so quick. Yes, absolutely. And here's the thing. This doesn't cost you anything. Right. And at the same time, there's so many added benefits. For example, of course, your skills are going to increase your ability to have really great, valuable conversations about real estate. That's going to get better and better with every conversation you have. Of course, we all know that most real estate transactions do indeed come from a face to face conversation about real estate. Most people will choose to work with the first person they talk to about their situation. Your job is to be that person. And another great byproduct of this, Tim, is that it creates a lot of lead follow up for these guys where also you have a high likelihood of setting your next appointments from. But, you know, really, all those things are the practical, tactical reasons you want to, you know, door knock or do any kind of proactive lead generation. But I'll say the biggest psychological mindset reason why is because a lot of agents right now, most agents right now are looking for a sense of direction. They feel the markets change. I mean, really, I don't know. Did I tell you this, Jules? They're originally they were expecting there to be five point five million home sales this year. And now they're actually projecting. I believe it's NAR that's projecting now it's only five million home sales. So five hundred thousand fewer home sales. But that's actually a million home sales fewer than last year or something like that. So you're talking about a very significant number of real estate agents who won't be doing real estate transactions at all. And a lot of the agents who are listening to us right now and are in the business have only been in real estate, frankly, for the last five years or less. And if you've not sold real estate for more than really 15 years, you've not sold real estate during a transitioning market, you're at an advantage and you're at a disadvantage. And the disadvantage is, you know, or the advantage is you don't have the battle scars, you know, so you don't have the bad memories of what that market's like. But the disadvantage is, is you don't know how different things really can be and how quickly they can change. And if you've been in real estate only in the really the last five or even 10 years, you've come up during a very sort of bizarre time in the real estate industry because there's been this advent of all this lead buying and team building and branding and marketing. These things really have hit their peak. Why? Because there was so much money that was in real estate, so many agents looking to spend money, so many agents not really understanding how to decide what they should spend their money on, if they should spend their money at all on anything. And so as a result, that's brought in a lot of these businesses that were venture funded. And, you know, I don't want to bore all of you, but the moral of the story is a lot of those businesses are washing out a lot of these ideas that never really worked in real estate, even in the best of times, are really going to prove out not to work certainly in a changing market like we're experiencing now. That's the reason every single one of you need to accept the fact that we're in a new market. And that's fantastic. There's going to be fewer transactions in most of the country. And that's actually not a bad thing either when you take into consideration that your biggest competitor, for the most part, isn't the seasoned grizzled veteran. Your biggest competitor is the other agent who just got their license or maybe the other agent who the seller might know because their kids played together or just some social connection. But as those types of agents who aren't really serious about the business get out of the business, the ones that have skills are actually they're absolutely going to clean up. That's the reason that during a market shift like this, you always see. Well, you see one or two things. You see new kings crowned, new queens crowned in the marketplaces. Those are the agents that were able to adapt to the new market, learn the new skills. They didn't wait around for the market to change back the way it was. They said, this is what it is. I'm going to make the most of it. And then sometimes you also see the agents who are at the top of the market, who are the actual dominant agents. They actually start to get more market share. So you could. But here's where it's interesting. It's fascinating. I have to be careful saying this because it offends some people, but it's still true. A lot of what happens in a market like this are the dug in grizzled teams and brokers refuse to change. They still try to carry their old way of thinking and their old expense structure into this new market. And when they do that and the new market essentially doesn't allow them to, frankly, make it work cash flow wise, they go out of business and they have to hit a hard reset on their personal and business lives. I'll suggest if you're in that bucket, if you're in that bracket, if you're realizing that you're essentially trying to model your business after something that worked in the past market, you need to take a seriously hard look at adapting very quickly to the new realities. Otherwise, frankly, you're going to most likely suffer needlessly. Don't wait to learn what I just said is true. Get ahead of whatever is going to happen next, because, guys, a million fewer transactions is a million fewer transactions. That's a lot of transactions that are leaving the marketplace. And a lot of you, again, have been buying your business and the quality of the leads. Have you noticed the quality, especially the buyer leads has really gone to pot? Well, that's just going to get worse as well. So please, please, please, please don't wait to experience hardship to realize what I'm telling you is true. Take action on all that now. So we're going to get back to door knocking. And this is the last part of our four part series. So, Julie, point number 13. Yes, part four point number 13 post on social media, especially on YouTube, a video of you starting to prospect a specific neighborhood. This should be you in front of the neighborhood sign or something recognizable about where you are. Share some fast facts and explain that you'll be there this afternoon, connecting with all of the neighbors and answering any real estate questions. Give your mobile number posted on all of your social media. And of course, you can refer to our podcast series about how to utilize videos for real estate agents. Now, let's I'm going to talk real briefly about this. First of all, YouTube is now migrating towards trying to be a little tick tocky. And so is Instagram. In other words, it's starting to give more priority to short videos, which is perfect because short videos don't have to be really produced at a high level. It's great. And what Julie just said, why are we telling you to do this? Because what's going to happen is as you're door knocking and getting to know the neighbors and essentially building your centers of influence and past clients, they're most likely going to do a little bit of googling on you to find out what your your story is. And so if you created a lot of these little short snippet, you know, tick tock type videos and they're on Instagram, they're on YouTube and maybe even on tick tock, what's going to happen is those search results will come up and they're going to see your very proactive in the community. You get it? So all we're trying to do is use the social to reinforce, use the passive, the social media to reinforce the proactive, which is you door knocking. That is closing the loop. That's creating a Web. Now, there is a way to do these videos. And Julie gave you some ideas. We also include in our premier coaching, which is free for all of you, a 12 month social media marketing plan. It's something a lot of you, frankly, are struggling with because you don't know what to talk about, what to do. And we give you a lot of great ideas, kind of model out your entire year what you should be doing. I just gave you some ideas right there. If you want to join premier coaching for free, you heard that right. For free, simply text the word premier to four seven three seven two. Text the word premier to four seven three seven two. Or you can always go to members dot Tim and Julie Harris dot com if you don't want to text or if you're outside of the continental United States. But the easiest way for sure is just to text the word premier p r e m i e r to four seven three seven two. And when you do, we'll text you back a link. You click that link and you can join premier coaching and usually about 20, 22 seconds and you will have instant access to premier coaching, which includes a daily semi private coaching call daily, as in every workday, Monday through Friday, semi private coaching call. You have immediate access to our private members only Facebook groups. You have immediate access to the scripts, the objection handlers. A lot of the things that we talk about on this podcast you get for free. So don't wait on this. This is a perfect time of year for you to be getting your skills 100 percent in alignment with this new market. So text the word premier to four seven three seven two. Remember, when texting message and data rates may apply. Yes. So back to point number 13, just for a second. So let's say that you went door knocking today in Oak Creek. You talked about it. You gave some fast facts. You let everybody know you'll be there this afternoon. Well, maybe this weekend somebody in Oak Creek is thinking about listing their property. One of the first things they're going to do is go to Google and say agents or realtors or real estate agents in Oak Creek. They want to know who actually sells that area. And guess whose video is going to pop up, assuming that you did point number 13. Well, you know, you're going to get me we're never going to move past 13. But this is really this is such a sweet thing that she just said. You all should do this experience or experiment. Go to your phone, go to open up Chrome, assuming you have that on your phone, and then do a search for Julius using Oak Creek. I mean, Oak Creek's a subdivision we used to sell in. But use the name of a subdivision in a community, like as if you were a buyer looking. And then what I want you to notice is the first ads that come up are the pay -per -click ads. And then after that, what you're going to see is usually in the second or usually the first, second or third search results, you're going to see search results from YouTube. In other words, you're going to see that Google is starting to give priority to these short little snippet videos that I just described to you, and they're prioritizing the videos above the normal search results. In other words, you're going to get primo search results. Why? Because they want people to click search results and they know people will click video search results, like at a 5 to 1 ratio, more than a textural search result. So you need to be doing these little short videos in conjunction with what you're already doing. Now, it's not enough just to do the video. You're going to have to use a system like the one Julie and I use is called vidIQ to make sure you're getting all the YouTube SEO stuff right. You have to title it right. You have to put in tags. It's all very... None of that's hard, though. Oh, it's super simple. I mean, frankly, if you and I know how to do it. Right. And vidIQ is so cheap, I don't even remember how much it costs. There's a free version. OK, there you go. And we're not we're not affiliated with vidIQ. It's just vidIQ. And then it'll tell you essentially how to make it so that your videos get higher placement. The key is always to have very drilled down titles in your descriptions saying today I'm door knocking and getting to know the neighbors in Oak Creek subdivision nothing and a lot of you know, you don't need a lot of blithering and blathering, just very three or four lines. And then you want to put your links. You want to if you'd like to contact me about home for sale in Oak Creek or if you're thinking about selling your home in Oak Creek and then give your cell phone number, things like that. And what you'll find is you'll start generating leads from your YouTube. But what you're really trying to do is close the loop. Door knock. Hello. Hi, it's Bob at my door. Bob's here to provide me some information about recent home sales. Bob's, you know, very nice, very approachable. I like Bob. Bob's great. He's obviously trying to do a great job getting home sold in our community. Well, I'm more curious. I'm curious about Bob before I actually want to further my relationship with him. I have my phone in my pocket. I pull it out. I Google Bob's name, but I find Bob's actually very proactive. You guys get it. This is all free. Every single thing we told you how to do so far is free. Yes. And the super cool thing about doing the video in addition or in conjunction with your actual door knocking is that that video is going to live on and the search results will live on. So it gives a boost to that door knocking. OK, point number 14, door knock the neighborhood prior to all of your open houses. Again, give out a flyer with the stats for the neighborhood and add your home brochure for the home that you'll hold open. Ask who they know who you should invite to the open house. Ask permission to place your directional signs in the yards. And don't forget to ask, who do you know who could use my help buying or selling real estate? Well, let me give you a little bit of an enhancement to this. Now, this will work pretty much in all price ranges. But what our best age we have agents that are making, you know, millions of dollars per year. One of their primary lead drivers is doing exactly what we talk about. One of the things you want to do, it works sometimes unbelievably well in certain neighborhoods, usually more expensive neighborhoods realistically. But one of the things you want to do is you want to have a neighbors only open house prior to the main open house. And so what you can do is you can go and door knock the neighbors, invite them to the open house, and then by inviting them to the open house, you're going to maybe have the open house, the normal one for the public open from one till four, where you're going to have the neighbors only open house from, say, you know, 12 till one or something like that. What you're doing is you're just showing that you're more proactive and you're getting to know all the neighbors and the neighbors are going to think, you know what? This gives me the opportunity to go through that house and look in their garage and see if they ever gave me my mower back or my, you know, search for that search for the missing, you know, whatever, see if my neighbors accidentally snatched it. That's a bad joke, but you guys get the point. What we're really trying to do is position you, put you in. You're now door knocking. You're now having conversations. You're now delivering value to people. You're now being the person you want to be and you're working in the communities you want to work. You're actually doing real work of real estate. How does that make you feel? How does that make you feel versus, say, for example, working on your CRM more or less confident? How does that make you feel knowing you're having direct conversations with people versus, say, building a big funnel that hopefully maybe you're going to spend a bunch of money trying to get people to go into so you can drip on them door knocking, having real proactive conversations. It immediately energizes you, immediately makes you more in alignment with your highest and truest purpose in this planet, which is being of service to other people. Point number fifteen. Yes, and number fifteen is a mindset point. Believe that door knocking works and it will work. How you speak with someone when you're prospecting is greatly influenced by how you're thinking about what you're doing. Napoleon Hill said, what the mind can conceive and believe it can achieve. You'll have more energy and enthusiasm when you're all in versus I'm going to try it out or I'll see how it goes. I'm just going to do this for one day and see whether it works or not. So believe that it's working. Be consistent about it and your your attitude about it will cause you to have better results. And also with regards to that, when you're door knocking, use the scripts that we give you. We talked about those a little bit on the first couple of shows of the series, but obviously these are all waiting for you over on premier coaching and all of you are ready to join premier coaching. Don't wait. Just text the word premier to four seven three seven two and you can join right away. Remember when texting message and data rates may apply. Yes. Now our final point, number sixteen is number sixteen in a four part series because it's a bit more advanced. It's also one of my favorite points about door knocking. You can create a neighborhood directory as a way to get everyone's contact information and connect the community. This can be digital and or hard copy. It's a great excuse to door knock and you're providing value to the community. You can include a map of the neighborhood, phone numbers to the utility companies who service the neighborhood and a section for other recommended providers like the sprinkler guy, a pool guy, a painter, a dog walker, a babysitter. And of course, your real estate ad with testimonials will be in that section as well. Or you could put it in the back cover as directory sponsored by Bob Smith of Exp Realty, for example. This is why hard copy is nice. It stays in their kitchen with your information on it and they use it all the time. They're not going to throw it out. This is such a huge idea when you do it well. And of course, Julie and I did this as well. And yes, we could have leaned into one of those online portals. What was the one that was in Georgetown, like nextdoor .com and they provide. But they're keeping all of that pertinent information behind a paywall and you're not in control of it. So really, what you want to do is there's a couple of different ways to go about this. I would say you'll experience, again, depending on the price range, you're going to experience 50 percent of the people are going to be very apprehensive about giving their information out. So here's the move is you want to essentially create a fill in the blank flyer and the fill in the blank flyer has no required information. Now, you can have an address associated with a name. You don't have to have their permission to say one, two, three Elm Street is lived in by Bob and Betty Jones. Right. You can do that. All their other information, they have to decide whether they want to share it, their phone numbers, their email addresses, whatever else it is. So you will door knock and you will say we're putting together a directory as a community service. And this directory is only going to be given to people in the neighborhood. It's not going to be shared any other way. It's only going to be in print format. It's not going to be a digital format. No one's going to be able to essentially email it or anything like that. So you don't have to worry about any nefarious marketing that might happen as a result of it. This is just for the neighborhood. In addition to that, we're going to include a list of the service providers. So if you've got any on the same fill in the blank thing, who is your favorite babysitter? Who's your favorite roofer? Who is your preferred landscaper? Who is your preferred all the rest of it? Right. If you're from Columbus, Ohio, like where Julie and I are from, who's the best, most reliable person that's going to show up in the middle of the night and move the 14 feet of snow off your driveway, all that sort of thing. Right. Give them the babysitters, all these types of things. But that's really valuable. You know, I mean, how many times do you, oh, I got to go Google that and then I've got to look at reviews and I got to sift and sort all that out. What if you knew, and we talk about this all the time, that when somebody needs a service provider, what do they do? Who do I already know? If I don't already know somebody, I'm going to ask a trusted friend or advisor. I'm probably going to ask a neighbor because they're going to know who services the community. So this is a really valuable thing for you to put together. That will have shelf life. And of course, you can sponsor the back cover. You can include yourself in the service providers. There's lots of ways you can work this. And so you can you should do this. This is just thinking big here. You should do this every year. Now, when Julie and I did this, what we did was we do it. Actually, I don't think we updated it every year. I think we updated it like every 18 months or 24 months. But it was it was obviously completely voluntary. At first, people were apprehensive and then they felt left out. They had FOMO if not being in the directory.
WHAS 840 AM
"1 ratio" Discussed on WHAS 840 AM
"It done. Get it done correctly. Get you back to a little leisure time. What do you say? Well, Joining me now is Chip Hansen. He is the chairman, CEO of J. B. Weld. And their motto is the world's strongest bond chip. Welcomed at home with Gary Sullivan. How are you? Great, Gary. Great to be here. Thank you. JB Weld. I was telling everybody I remember Paul Harvey talking about JB Weld, by golly. Yeah, People still think we're advertising with Paul, and that's where really we We became a national brand. When we had Paul spoke as a spokesman. Well, I had a chain of 18 hardware stores and We sold a lot of JB weld epoxy ease and different things, and I remember the world's strongest bond. That's uh, that was your motto and and and tell me about the dialogue losing adhesives out there. Um, is it the world's strongest mom? Yeah, I think you know again. There's a lot of terms out there and and slogans. But, you know, an adhesive is really just a general term for for something that sticks things together. It could be a tape could be a glue and then Blues, You know they can be single component. Sometimes their air cured or moisture cured, but they shrink or foam and then you know, you go to the other side of the spectrum, and that's JB Weld. You know, we're generally out epoxy. It's a two component. It's a chemical cure, meaning once it sets it doesn't shrink doesn't foam doesn't deteriorate? And so it's a permanent bond. And so they're. Therein lies the rationale for our slogan. The world's strongest bond. Uh, the JB Weld epoxy is that you're speaking of is that particular product can be used on all different types of materials. Yes. Generally speaking, it can be used on just about everything. You know. We have a clear version so that you know if you don't want to see the the actual adhesive you can. You can use it for that type of project or application. We've got the standard JB Weld original, You know, which is the two tubes where you squeeze it out. Mix it together, but they work on all surfaces. You know, metal wood. Plastics are tough, and it works on most plastics. You generally just have to rough up the surface, but, uh you name it. We can probably put it back together. So the epoxy is that you were speaking of that you mix up. Everybody's familiar about that, But then you actually have one. That's kind of a mixing tube correct. Uh, say that again mixing tube? Yeah. I mean, is it injectable or just kind of describe the JB Weld epoxy? How it's mixed how it's applied, and maybe a project People would use it on. Sure, we've got We've got the syringe versions now where they actually come into syringe. There's a replaceable cap and that syringe you can put a little static mixer onto the end. Okay, And if you squeeze it out, then it pre mixes the product for you. And it comes out premixed so that there was no mixing involved in no touching, really, If you apply it right to the surface that you're going to put it back together, so So we've got it in all varieties. There's there's a weekend chemists who love mixing it together and to get into 1 to 1 ratio, so it's very simple to mix together. And then there's the Version that comes in the syringe, which you can attach the static mixer to and and have it come out mixed for you. Yeah, JB Weld has been around. How long has JB Well been around him? What? We just just passed our 52nd year. We still consider ourselves a 52 year old startup, where very much an employee and family owned business and And we, um we've got the same entrepreneurial roots that we that our founders Mary and Sam had when they started the business 52 years ago. Manufacturing the USA? Yes. Yeah, predominantly in Texas. Where we started. We started a small town of Sulphur Springs and still making the products there today. Now the one product that I've seen the Super Weld Um, this is light activated, so it's actually cured right? It just doesn't dry. It's cured. Yeah, This is a It's a new venture. For us. It's a It's A It's a Sino Acura late, which is a super glue type of product, but it comes with a activator in it. And so if you apply the Little light to it. It will cure it instantly so that you don't have to, You know, try to hold it together while you're while you're fixing it. Or if you want to have the precision of knowing that you've cured it, the little light will will activate it and cure the cure The glue for you. Is that right on the tube chip or where it was like, Yeah. Yeah, we we've We've attached a little a little light to the bottom. It's like a pen. And so you know, you can dispense the glue out of one end and you can use the light. That's on the other end. I swear, my dentist use this. Well, it's not. It's not all that different kind of technology. It's very similar. Obviously, we're not fixing teeth with our right, right. That's the same. That's the same concept If you wanted to cure instantly, and you want to make sure it's cured. Put the light on it. Yeah, That's exactly what it made me. Think of, um so I'm sure you got a lot of great success stories with the J B. Well, you got a favorite one. Well, there are There are a ton of them. I'm sure depends On what if you wonder. Product success or just overall celebrity kind of success. I think we've got we've got sentimental value stories. We've got working value stories. I recently got a note from a a couple that was a third generation small business owner, and they had a sign that was sentimental value was a glass of neon sign and They were moving into a new location and evidently broke off a piece of it. And you know that was That was not something they were going to be able to replace. So they they used are clear Weld and put it back together. And and glad to say it's going to be ready for the fourth generation. You know so excellent. You never You never can put a value on something like that. But we we've also worked on a A number of Machine parts. And if you can't get a part, you know, good old JB Weld can be drilled or tapped and you can basically reform and make a part out of it. So it all depends on the original owners used to say there were a million and one uses and and I have to happen to agree with him, right? I I agree. Also, I've used The J B weld products on many things one I have not used and I'd like you to kind of talk me through it. And my listeners is, um, the epoxy putty sticks. Yeah, These are probably, uh, The least understood, and maybe perhaps the easiest and product with maybe the most potential, relevant use. Think of it as uh, Just kind of a play DOH. But in this case, we've put the A and B components together. All you got to do is cut or pinch off a piece of the stick needed together, and that sets the activation in place and and kind of Push it or place it wherever you want and genitals. Form a really strong bond. I mean, we've got a Would version. It's our quick would. We've got a steel version, which is our steel stick. We've got a underwater version or water Weld and, uh, you know, high heat version and these epoxy putty sticks are probably the simplest and easiest way to To put surfaces and things back together and really don't require kind of as sophisticated or messy, mixing that maybe other applications might know..
KOMO
"1 ratio" Discussed on KOMO
"With the pipe for one case program there, and I'm getting your retirement age and starting it Think more about the fixed income portion of my Accounts. And I know I remember a few years ago You recommended that in like 50% D Bond index fund and 50% stable value funds, And I'm curious what you think about that. At this point in time was no, I don't. I don't know that I would have recommended that. I don't know. I mean that you wouldn't go to our website. Look for 1411 dot com Because we have the Boeing plant there, I think would be more like Two times as much in the bond fund and then so be more like 75 25 mean because the stable value Is. I don't know what is paying today, but it's very, very low. The bond funds could be a little bit more. I wouldn't I wouldn't have it. I have a 2 to 1 ratio or maybe even higher when it comes to the bond fund versus the stable value funds. Now we do have Boeing. Yet we do have Boeing's Plan at 41411 dot com. And I don't let me let me go Look it up. Because that's where we have our suggestions and the Boeing plan. Should we have a whole bunch of plans there? By the way? I mean, for example, in the 60 40 portfolio we suggest 15% S and P 515% Russell Small cap. 30% International Index, 25% Bond Market Index and 15% stable value. Okay? Okay? Yeah, It's Yeah, It's not that far off 12 to 1. Be my ratio, especially in today's interesting environment. Give you what the numbers are in the stable value is it's actually paying 1.84 right now, which is higher than the Who bond index You still Even with the risk of interest rates going up, you still and by the way, Here's Yeah, I would. I would. I would expect a higher.
Progressive Talk 1350 AM
"1 ratio" Discussed on Progressive Talk 1350 AM
"Start to see the rise of the ordinary or penny farthing materials for bicycles were slowly changing as well. Wheels started to switch over to solid rubber wheels. So instead of having Iron sheets nailed to a wooden frame. You had solid rubber that provided a softer ride, though obviously not nearly a softest. The later pneumatic tires would Ball bearings also became a thing that made wheel rotational on the actual, much more smooth as well as handlebar motions. So these are just ball bearings that that allow for us smoother. Movement between different elements. You just had to make sure that the fit is snug without being too tight, because if it's too tight than the balls will just snug up against the edges and will prevent any sort turning it all, But I meant Motions in general on the bicycle became more elegant and less jerky and violent and difficult to control. Oh, and you might wonder why these things were called Penny farthings Well in England at the time, Penny coin measured either 34 millimeters or 31 millimeters in diameter. That would depend on whether it was an old Carper Copper Penny before 18 60 or a bronze penny when they switched over farthings, which were worth one quarter of a penny. As in 1/4 of a penny, where 22 millimeters in diameter If they were made of copper or 20 millimeters, that they were made of bronze, So the ordinaries wheels were similarly of different sizes. You have the larger penny in the smaller farthing. Well, that was kind of like the larger front wheel and the smaller rear wheel. While rich men were causing themselves head trauma on Penny farthings. Groundbreaking work was underway in France as far back as 18 68, a French watchmaker named Andre Gula May Came up with an alternative to the front wheel pedal mounts of the ordinary bicycles. His design used a chain drive, and in fact, we didn't even learn about his Contributions to this. In fact, you could argue that they weren't contributions at all because it was pretty much kept to himself when one of his relatives discovered one of gourmets old bikes In storage after Gilma himself had passed away. The simple change right by the way, consists of petals mounted to a crank. The crank is gotta gear wheel typically called the chain wheel mounted to it. So when you pedal, you turned the crank in the crank, in turn is since it's mounted to this chain wheel turns the chain wheel. The teeth of this chain wheel fit into links on a bike chain. The chain is in a loop, and the other end of that loop is mounted around a second gear wheel. This one is connected to the hub typically of the rear bicycle wheel, although there were front wheel chain drives as well, in sort of a hybrid of this style and penny farthings. So if you push on the pedals, you would turn this chain wheel. That would end up engaging the teeth into the bicycle chain rotating the chain loop anyway. And then that would again transfer rotational motion to the back gear wheel, which would in turn, turn the That wheel, the freely turning rear wheel most of the time, so the ratio of gear teeth between the rear wheels, gear wheel and the chain wheel Would determine how fast you would go per rotation of the pedals. Let's take a standard bike wheel so that I can explain how chain drives work. It makes it easier if we just work with easily understandable Standard. A typical bike wheel might be 26 inches in diameter. So if we take the good old handy formula, we can figure out that the circumference of this wheel. Is 81.7 inches or so meaning that if we were to take the wheel and lay it out flat Unreal it. In other words, it would lay out to a length of 81.7 inches. One full rotation. The wheel would take you that far. How much peddling is required to make one rotation that would depend upon the gear ratio. Let's say that the chain wheel, you know, the one that attacked us to the crank that is attached to the pedals has 22 teeth and the rear wheels gear has 30 teeth. That gives us a 22 to 30 ratio also know a you could you argue it down to a 300.73 to 1 ratio. Which means if you were to do a full pedal stroke on the chain wheel, one full rotation The rear wheel would on Lee turn 0.73 times, so not quite three quarters of a rotation. But if the ratio were different I'd say the chain wheel has 44 teeth and the rear wheel has 11 teeth on its gear. You'd see a lot more turning in that rear wheel per turn of the crank that would give us a 4 to 1 ratio, which means every time the crank wheel turns once The real wheel will go around four times. So if you tried out two bikes with the gear ratios I just mentioned and you were peddling those two bikes at exactly the same rate you get on one and you pedal it. Where your again going? Maybe 60 revolutions per minute and then you get on the other one to do it 60 revolutions per minute. On the first bike, you'll find yourself ambling along at a leisurely pace, and on the second bike, you'll find yourself zooming down at ridiculous speeds. Gear ratios are what allowed bicycle manufacturers to create chain driven bikes that could attain speeds of the high wheelers without all those drawbacks, Remember, Hi Wheeler's the reason they kept getting taller and taller. Was that the taller wheels would allow people to go faster as long as their legs were long enough to peddle the pedals. Using gear ratios with chain drives would allow the same thing, although it would take quite some time to get there, and it would take even longer to get to bicycles that would have multiple gears and not just a single gear. And Dylan made didn't really do anything with that bike design. Like I said, it just kind of sat in his workshop. It would take a few decades for others to kind of pick up this particular approach. It wasn't until the mid 18 eighties well into the mid 18 nineties that you start seeing change driven bikes emerge and get some popularity. Some of them actually used chain driven front wheels like I mentioned, and they still had a larger wheel in the front as well. Penny farthing style, but a British engineer and entrepreneur named John kept Star. Lee changed things with a bicycle called the Rover two. John kept star Lee was the nephew of John Star Lee John Star. Lee was a successful businessman who had started off with sewing machines really And had moved on to making ordinaries or Penny farthings. And did quite well with them. So his nephew Jake, a star, Lee. Picked up the mantle and his first bicycle was known as the rover, and it featured a chain drive. It also had a larger front wheel so still kind of Penny farthing ish. But because his design didn't require the writer to perch at the top of a prick, curiously, high wheel It became known as a new type of bicycle. Instead of it being of a Lhasa peed or penny farthing or an ordinary or a bone shaker. These became known as safety bicycles. That classifications would be used for chain bikes for years. So the bicycle that you and I are familiar with is really an outgrowth of these safety bicycles from the late 19th century. Rover two was different. It had two wheels that were more or less of equivalent size. So no longer did we have that larger front wheel. It also had a frame that looks a lot like the typical diamond shaped frame you'll see in modern bikes, although it lacked a few things like the seat tube that modern bikes have a frame on a modern bike has a Tube inside which you can fit a pipe where the bike seat is mounted, and you can typically adjust the height of the seat. That was not a feature of the rover two. If you take a look at a picture of her over to you'll see the unmistakable features of a modern bicycle. The fact that these style bikes were called safety bicycles might have hurt sales a little bit. They actually did have other names to that also seemed Diminutive, like in France, they were known as bicycle. It's like Little bicycle essentially, is what that means. And some people interpret this as meaning. The vehicles weren't meant for big, old, rugged manly men who had better things to do than avoid having their brain smashed in whenever they had a small rut in the road. Around the same time. Other engineering advances brought about features like Caliper breaks, which made it easier to control bicycles and you magically inflated tires helped smooth out the ride and made.
NewsRadio WIOD
"1 ratio" Discussed on NewsRadio WIOD
"As of, you know, mid February short term the markets Look, look look like they want to go higher from here. Lot. We are seeing some signals. They're awesome institutions that are beginning to dump stock. But there are plenty that when this when the selloffs to occur there being Purchased on the dips, so there's a big buying the dip buying still occurring, so there's a big tug of war. I mean, the markets are our extended here. They are historically very rich. Um so, but short term out. Technicals are pointing to higher stock prices for the near term. But that could all change overnight again are our gym, if a, which is a proprietary algorithm? It's very, very accurate in forecasting which way the dominant money flows are, whether they're incoming or not flowing. Got it now. I was looking at the investor sentiment survey. And it looks like a bullish sentiment jumped up this week and bear sentiment. Got got reduced. So looks like Peeler becoming more optimistic about the stock that exactly this week. It's almost with 2 to 1 ratio. Typically, when you hit a 2 to 1 ratio, a short term top is near. When you when we hit off 321 raised here when there's three bowls every bear, then significant, declined to Billy Crystal. We're not there yet. But if this bullishness continues over the next 1 to 2 to three weeks. We can look for a sizable pull back in the markets. But as of right now, things did. Things looked positive for the upside, right. Okay, So you subscribe to the theory that things come in waves, right? You have run ups and you have run downs, OK, And so, do you see that this run up? You know, it's hard to predict when it's gonna end. But it will end at some point is that is that fair to say everything comes to an end. There was a way to count principle. It's called the Elliot Wave. It's It was invented. I believe in the 19 twenties. Um Hi, Mr Elliot and it Zafira Way theory, meaning that there's five waves and to every cycle you have the initial wave where there's a lot of doubt that the rallies even beginning then you have a corrective wave to then you have another thrust high. We just wait three. Where a lot of people get on board. Then you have another pullback way for and then you have five. Wait, wait five, which is When things get silly when everybody comes into the market, And as we saw over the last couple of weeks we had the game stopped fiasco. I was reading an article I believe on Yahoo business where I believe this city 30% of the U. S population during that game Stop fiasco with AMC Stock and BlackBerry stock that Almost 30% of the American adult population traded one of those vehicles during that time period. Have. That is that is That that's scary. That's scary, because it shows you that everybody is in and when everybody's into the market, just like we saw in 1999, the rug gets pulled out, and when it happens, it is catastrophic. It is vicious and it is quick. Where people just don't have time to get out. And another thing that everybody should watches when the volatility picks up when you have these massive swings that the upside downside intraday That's when you know that typically occurs at the top because When the market is going to collapse. It's going to take both the Bulls and the Bears. It's gonna It's gonna run higher and then those that Embarrassed You're going to throw in the town. Then all the sudden it's gonna correct And those that are bullshit, like Oh, This is it. This is this is this is so here's the Big one. And they're gonna start shorting the whole rip high. I'll take them out and this vicious volatility when that begins to bask in the form of top, And then there will be an inflection point where the rug gets pulled out. And you know you will see the doubt collapse. 567 8000 points in a matter of days on will be scary, but with with every scary event, there's always opportunity. Right. So your email subscribers they're gonna be getting The notice. When you see the technicals indicate that we're at the top, and we're about to go down, you'll be emailing all your subscribers now's the time to get more cautious or even right. Absolutely so if you want to get these signals For three weeks and no cost text the word Spartan 2474747, or if you want to speak to us. Does tactical management fit into your portfolio? Remember, it's there is risk you could lose money. Just like you can investing in the regular stock market. It's a different kind of risk, and sometimes the market goes down and this can make money. And sometimes the mark goes up on this won't make money or even lose, so it depends on The accuracy of the trades, But we have a pretty good track record. So if anyone wants to figure out maybe diversify your portfolio instead of having all buy and hold what if the market crashes? Is there at least a chance, and some of your portfolio is actually making money. During that time calls it 866 wealthy calls it 866. Well, they talk to us a little bit about your situation. It could be a five minute call. We could sort of figure out what you're doing. And if it's even worth having discussion about whether this strategy would make sense for you and benefit you, So, uh Obviously, the best way to see is get three weeks of the signals and the analysis and you'll see Is this something that makes sense doesn't resonate with you. And is it something that could help you have better performance in your portfolio? So again, if you want to reach us question us about this or any other strategy calls it 866 wealthy. That's 866 wealthy. Thank you for joining us. Thanks again for inside all.
NewsRadio WIOD
"1 ratio" Discussed on NewsRadio WIOD
"You need to reach you soon calls that 866 wealthy where you can visit us on our website. It's singer well dot com or see us in person at one of our officers are meeting locations in Miami and amateur for lottery elbow, Crotone, West Palm Beach and Jupiter. So we have our trader from New York. P George. Accomplice. Are you Pete? I'm doing wonderful, Keith. How are you? Great, Thank God. So let me give a little background. Pete is a trader and he has subscribers to a daily update that he provides. Some people are paying, I guess about 1000 a month. For your daily update and you tell them in the short term, meaning the next day or a few days or a week. What you expect the market to do whether it's going to go up or go down and then you also give recommendations about how to capitalize on that, right. So is that accurate? Very accurate. All right, So they say that most people lose money when they try to trade. How would you respond to that? That's 100% true. If you if you Google what percentage of traders lose money in the market over or a one year period Depending on the study, roughly 93 to 95%. Of active traders lose money. By the end of the year about 3 to 4%. Break even You have want under 1% that actually make money during the year. So if if you're actively getting in and out of the market Theology stacked against you that that you're going to be successful. So why are you trading them? Why my trading because we have been trading for well over 35 years, and the key to trading successfully is to do exactly the opposite of what the masses are doing. Cashed up. If you think about it, 95% of traders of are losing money. All you have to figure out is what they're doing and do the opposite. And if you do the opposite you have have you 5% chance of making money. Okay, so that makes sense. That's logical. So what are some of the tools that you can use to determine what the 95% of the traders are doing? The two tools that we use that that are out of the most valuable tools out. There are number one investment sentiment. So, um, again, 95% of the traders whose money figure figure out what they're doing, go against them and you'll be successful. So we look at investor sentiment so When investors were excessively bullish, well short the market when they're excessively barrish look along the market, but you know it does take. It does take weeks, if not months for them to get to those extremes on another very, very valuable tool that we use is we have a, uh Proprietary algorithm. It's called the G M F a, the gamma money flow algorithm, and what that does is that it takes end of day tick data it analyzed, it puts into a formula. The volume of optics and down ticks in the indexes and a select group of stocks. And it puts out a number between zero and 500 on zero, minus 500. And it's able to determine whether institutional money is flowing into the market or whether it's flowing out of the market. Now this tool is very, very valuable whenever On indexes rallying to an all time high or were around to a multi week high. And then we begin to have that versions is inside this GMS a meaning that the stock market's hitting is sitting in your high but the main phase printing and negative value. That means that institutional money is coming out of the market and the market typically, firstly, always corrects whenever this divergence occurs. Dad. So we utilize Pete Signal's gonna manage account of Charles Schwab that we manage her clients and in 2019. Think Pete was up over 100% using this method. We started using it in September of 2019, and our accounts were up 31.62% for the last four months of the year. Versus the SNP was only up 11 during that time and in 2019 I mean in 2020, rather theater count was a 19%. The S and P was up 18%. So we didn't really beat the SNP by that much. But I can tell you that anyone who invested in the S and P 500 had the watch their account. Go down over 20% 30% at some point and then come back, finally make a profit. So with this manage the count, we never endured that kind of loss because we were actually in cash. And actually, short part of the time that the market is going down. So you were able to achieve the same result as the S and P in 2020 without the extreme whipsaw volatility, So that was really good, Pete and then the first month in January The strategy was up 5.75 when the S and P was was down 1%, So we had a first good month. Anyone who wants to get the daily updates, by the way, simply text the word Spartan 2474747 text the word Spartan 2474747, and we'll get you the daily updates. Now things could change quickly right now. I guess it looks like the markets. Are starting on February. Very strong doing very well this month. What is the short term forecast? You see that continuing or do you see the markets pulling back here? As of, you know, mid February short term the markets Look, look look like they want to go higher from here. What we are seeing some signals. They're awesome institutions that are beginning to dump stock. But there are plenty that when this when these sell offs to occur there being Purchased on the dip, so there's a big buying the dip buying still occurring, so there's a big tug of war. I mean, the markets are our extended here they are historically very rich. So, but short term out checking calls are pointing to higher stock prices for the near term. But that could all change overnight again are our gym affinity, which is a proprietary algorithm. It's very, very accurate in forecasting which way the dominant money flows are, whether they're incoming or are flowing. Got it now? I was looking at the investor sentiment survey. And it looks like a bullish sentiment jumped up this week and bear sentiment. Got got reduced. So looks like Peeler becoming more optimistic about the stock that exactly this week. It's almost with 2 to 1 ratio. Typically, when you hit a 2 to 1 ratio, a short term top is near. When you when we hit off 3 to 1 ratio when there's three bulls every bear, then significant, declined to Billy Crystal. We're not there yet. But if this bullishness continues over the next 1 to 2 to three weeks. We can look for a sizable pull back in the markets. But as of right now, things did. Things looked positive for the upside, right. Okay, So you subscribe to the theory that things come in waves, right? You have run ups and you have run downs, OK, And so, do you see that this run up? You know, it's hard to predict when it's gonna end. But it will end at some point is that is that fair to say? Everything comes to an end. There was a way count principles called the Elliot Wave. It zit was invented. I believe in the 19 twenties. Um Hi, Mr Elliot and it Zafira Way theory, meaning that there's five waves in to every cycle. You have the initial wave. Where, where There's a lot of doubt that the rallies even beginning then you have a corrective wave to then you have another thrust high witches. Wave three. Where a lot of people get on board. Then you have another pullback way for and then you have five. Wait, wait five, which is When things get silly when everybody comes into the market, And as we saw over the last couple of weeks we had the game stopped fiasco. I was reading an article I believe on Yahoo business where I believe this city 30% of the U. S population during that game Stop. Fiasco with AMC Stock and BlackBerry stock that almost 30% of the American adult population traded one of those vehicles during that time period. Man. That is that is That that's scary. That's scary, because it shows you that everybody's in and when everybody's into the market, just like we saw in 1999, the rug gets pulled out, and when it happens, it is catastrophic. It is vicious and it is quick. Where people just don't have time to get out. And another thing that everybody should watches when the volatility picks up when you have these massive swings that the upside downside intraday That's when you know that typically occurs at the top because When the market is going to collapse. It's going to take both the Bulls and the Bears. It's gonna it Xga run higher and then those that Embarrassed you're going to throw in the town and all the sudden it's gonna correct.
NewsRadio WIOD
"1 ratio" Discussed on NewsRadio WIOD
"In person at one of our officers are meeting locations in Miami in Aventura for lottery elbow, Crotone, West Palm Beach and Jupiter. So we have our trader from New York. P George. Accomplice. How are you, Pete? I'm doing wonderful, Keith. How are you? Great, Thank God. So let me give a little background. Pete is a trader and he has subscribers to a daily update that he provides. Some people are paying, I guess about 1000 a month. For your daily update and you tell them in the short term, meaning the next day or a few days or a week. What you expect the market to do whether it's going to go up or go down and then you also give recommendations about how to capitalize on that, right. So is that accurate? Very accurate. All right, So they say that most people lose money when they try to trade. How would you respond to that? That's 100% true. If you if you Google what percentage of traders lose money in the market over or a one year period Depending on the study, roughly 93 to 95% of active traders lose money. By the end of the year about 3 to 4%. Break even You have one under 1% that actually make money during the year. So if if you're actively getting in and out of the market Theosophy stacked against you that that you're going to be successful. So why are you trading them? Why my trading because we have been trading for well over 35 years, And the key to trading successfully is to do exactly the opposite of what the masses are doing. Okay, So if you think about it, 95% of traders of are losing money. All you have to figure out is what they're doing and do the opposite. And if you do the opposite you have five. You 5% chance of making money. Okay, so that makes sense. That's logical. So what are some of the tools that you can use to determine what the 95% of the traders are doing? That the two tools that we use that that are out of the most valuable tools out. There are number one investment sentiment. So, um, again, 95% of the traders whose money figure figure out what they're doing, go against them and you'll be successful. So we look at investor sentiment so When investors are excessively bullish will show up the market when they're excessively barrish look along the market, but you know it does take. It does take weeks, if not months for them to get to those extremes on another very, very valuable tool that we use is we have a, uh Proprietary algorithm. It's called the G M F a, the gamma money flow algorithm, and what that does is that it takes end of day tick data it analyzed, it puts into a formula. The volume of optics and down ticks in the indexes and a select group of stocks. And it puts out a number between zero and 500 on zero, minus 500. And it's able to determine whether institutional money is flowing into the market or whether it's flowing out of the market. Now this tool is very, very valuable whenever On indexes rallying to an all time high or around to a multi week high. And then we begin to have that versions is inside this GMs a meaning that the stock market's hitting is sitting in your high, but the gentlemen phase printing and negative value. That means that institutional money is coming out of the market, and the market typically virtually always corrects whenever this divergence occurs. Dad. So we utilize Pete signals managed account of Charles Schwab that we manage her clients and in 2019. Think Pete was up over 100% using this method. We started using it in September of 2019, and our accounts were up 31.62% for the last four months. The year versus the SNP was only up 11 during that time and in 2019 I mean in 2020, rather theater count was a 19%. The S and P was up 18%. So we didn't really beat the s and p by that much, But I can tell you that anyone who invested in the S and P 500 had the watch their account. Go down over 20% 30% at some point and then come back, finally make a profit. So with this manage the count, we never endured that kind of loss because we were actually in cash. And actually, short part of the time that the market is going down. So you were able to achieve the same result as the S and P in 2020 without the extreme whipsaw volatility, So that was really good, Pete and then the first month in January The strategy was up 5.75 when the S and P was was down 1%, So we had a first Good month. Anyone who wants to get the daily updates, by the way simply text the word Spartan 2474747 text the word Spartan 2474747. And we'll get you the daily updates. Now things could change quickly right now. I guess it looks like the markets are starting off February very strong. Doing very well this month. What is the short term forecast? You see that continuing or do you see the markets pulling back here? As of, you know, mid February short term the markets Look, look look like they want to go higher from here. What we are seeing some signals. They're awesome institutions that are beginning to dump stock. But there are plenty that when this when these sell offs to occur, that being Purchased on the dips, so there's a big buying the dip buying still occurring, so there's a big tug of war. I mean, the markets are or extended here. They are historically very rich. Um so, but short term out. Technicals are pointing to higher stock prices for the near term. But that could all change overnight again are our Jim Matheny, which is a proprietary algorithm. It's very, very accurate in forecasting which way the dominant money flows are, whether they're incoming or not flowing. Got it now. I was looking at the investor sentiment survey. And it looks like a bullish sentiment jumped up this week and bear sentiment. Got got reduced, so looks like people are becoming more optimistic about the stock that exactly this week. It's almost with 2 to 1 ratio. Typically, when you hit a 2 to 1 ratio, a short term top is near. When you when we hit off 321 raised here when there's three bowls every bear, then significant, declined to Billy Crystal. We're not there yet. But if this bullishness continues over the next 1 to 2 to three weeks. We can look for a sizable pull back in the markets. But as of right now, things did. Things looked positive for the upside, right. Okay, So you subscribe to the theory that things come in waves, right? You have run ups and you have run downs, OK, And so, do you see that this run up? You know, it's hard to predict when it's gonna end. But it will end at some point is that is that fair to say everything comes to an end. There was a way to count principle is called the Elliot Wave. It's It was invented. I believe in the 19 twenties. Um Hi, Mr Elliot and it Zafira Way theory, meaning that there's five waves in to every cycle. You have the initial wave. Where, where There's a lot of doubt that the rallies even beginning then you have a corrective wave to then you have another thrust high. We just wave three. Where a lot of people get on board. Then you have another pullback way for and then you have five. Wait, wait five, which is When things get silly when everybody comes into the market, And as we saw over the last couple of weeks we had the game stopped fiasco. I was reading an article I believe on Yahoo business where I believe this city 30% of the U. S population during that game Stop fiasco with AMC Stock and BlackBerry stock that Almost 30% of the American.
KNBR The Sports Leader
"1 ratio" Discussed on KNBR The Sports Leader
"Because you didn't like it, And then they could stay up. Stay in the fridge waited forever, and they used it as a drink mixer. That's what it was. It was a way to cover up out here. It's freezing bartenders, you know? Yeah. If you noticed if you look and you didn't because you were young and you weren't that observant, Neither was I. But the vodka went down at the same rate as it is about about 2 to 1 ratio. And you're like, Oh, damn, that keeps going down like Too, And that goes down one Neco Hu Man, open up your third eye. That's right. That's what it was for. Yeah, VOD kids. The same color is water. Here's something that's getting lit and, you know, even know it. That's why they just made with seven kinds of fruit for a one of a card from taste. What was what was the character? What was the Hawaiian punch? Character's name? Oh, no, I can picture him, but I couldn't think of his name. What was it punchy, baby? Punchy, straight up, punchy, punchy, punchy, and it was even a Hawaiian punch board game. That I did that for Christmas one year yet. Damn right. I did s O Get free board game. They don't make no sunny delight board days, do they? Nope. I didn't know that punch for the way I give you absolute was a board game. Yep. What was the purpose? Remember? Don't know. It was just the wind to the bottom of the punch, That's all. Well, that was college cook as you mentioned that Zen what in punch? Nobody mixes sunny Italy with sunny delight with every clear Do they know? Because sunny delight is garbage Sunday? The light is trash can choose if your father brought home sunny delight. You know what He probably had a secret family. And you know what he brought home to a secret family. Actual real orange juice. Search your feelings. How about you know it could be true? Sure you could put 1 51 in the Hawaiian punch. You probably even got to taste it. Oh, yeah.
Xtra Sports Radio 1300 AM
"1 ratio" Discussed on Xtra Sports Radio 1300 AM
"The Dodgers. What a great day for L, a sports fans that live in Colorado. Right. I don't know that many Laker fans in L. A cara Ton about beating the Nuggets. But I know Laker fans in Colorado do And I know given the week that the Rockies have had I know that Dodger fans in Colorado are sure happy that they signed Trevor Bauer. And Dodger fans in L A or happy They signed Trevor Bauer. But I'm just saying, if you're in l, a sports fan living in Colorado, you are a Made man You could just walk around with your head held high. Not only because those two teams they're the defending champions in their respective sports, but also just because the news of the last few days So go ahead, gloat. Just know if the shoe was on the other foot. And the Rockies were the team. Signing the reigning NL Cy Young winner after winning a world serious We would not rub it in your face. Have a little bit more more class than that. And also That timeline doesn't exist. And will never exist. 5 to 29872 if you want to call in or text in. Heavy on the Super Bowl this hour. Give you my thoughts on the game itself. My prediction. Which is going to be the most anti climactic whatever. You know which way I'm going. I'm just going to tell you why. I'm going with the box. What? Talk about that. A little bit. Is he serious? Is he picking the box? I know. Yeah. Hang on. 15 more minutes to find out. And then JP from our sister station. 91. K K FM is going to join me at the bottom of the hour. We're going to talk prop bets. For Super Bowl Sunday. There's a lot of them. And him and I have picked our favorite ones and we will discuss And we would love to hear from you at 5 to 29872. So yesterday I, um Fended off You guys who were telling me that dish on Watson's not worth it for the He for the Denver Broncos, saying that you don't want to mortgage your future and yada yada yada yada. Few of you were on my side, but I would say from the people that Texting called in tweeted in It was probably like a 3 to 1 ratio. 321 of I'd give the Texans Is for every one person that says I get the Texans wherever they wanted. There were three people that were like, might be a little bit too much too rich for my blood. Okay? Well, what about Carson Wentz? Reports saying that the market surrounding Carson wins has picked up a little bit. Multiple teams have offered first round picks. Trying to pry Carson Wentz away from the Philadelphia Eagles. Martian winds was one of the quarterbacks that I identified. As Potential fit with the Denver Broncos. One of those guys like Watson, like Stafford. That would be clear upgrades over Drew lock and would put the Broncos back into the playoffs and then We go from there? So you know where I stand on this? If I'm the Broncos, I offer the exact same offer I gave to the Lions. I don't know how interested the Eagles will be Andrew Walk. Don't know whether he goes one. Safety want cream Jackson, because quite honestly, if they're gonna land If they're gonna trade for Carson wanes, then cream Jackson is no longer needed because they're not going to try and pride to Shawn wants an away from Houston. And obviously, that's the only reason why it cream Jackson. Still on the Denver Broncos. So I don't know. I don't know what the probably wide receiver. I mean, LeBron Lord knows the Broncos got a few of those guys. Um, I don't know. Can you do a sign and trade with Tim Patrick? Whatever it is the ninth pick. And something else that is not also a first round pick for Carson went Does the feeling around Philadelphia is one that some teams or maybe forcing their hand a little bit because maybe they thought that the trademark it would not be as robust as it is. For Carson wins. Because of that contract and because of the Down year he has had Or maybe it's just because No, we haven't heard much. No discussion from Nick's Syriani. Or what Isn't that his name? Nick Syriani, the new coach of the Eagles. Ah, talking some conversation he had with Carson wins or Carson Wentz thumbing out a tweet about how he's excited about his new head. Coach haven't gone a lot of of Noise out of Carson wins. Lately, so maybe things aren't all peachy keen. I think the Eagles Intention. Was, if they, you know, hopefully if they fired Peterson and Carson Wentz would be happy because they would Probably have to have Carson Wentz is their quarterback next year. Well, they may not. But I do it. You know, I I do it If I'm the Broncos, I mean, it's like with Stafford. Bird in the hand, right? Even if you think there is Momenta my gathering for you to land to Shawn wants in..
WTVN
"1 ratio" Discussed on WTVN
"On a domestic flight. It's just It's just crazy to try the facility. They're gonna keep throwing that stuff out there and desensitized to it. And then one day it's gonna be where you might be right. That's what it's doing Your ABC six first Morning weather so, Chief meteorologist Marshall McPeak is joining us now. All right, Here comes the breakdown for the Winter Storm Watch. We have For this weekend. And you know what? Please. Everyone pay attention, because will be a test later. And if you see that that's the way my email felt, didn't it? Well, And if you two now I send out this email with with with like the details on the forecast, And there was a bit of a lecture in in that today. Listen, I gotta wake aided store. Marshall, I gotta tell you I did not participate in the propaganda. I want to make sure I I quoted you almost verbatim during yesterday towards I'm not getting to the point where my forecast we're going on for, like 50 seconds. I was well, and that's the problem. Well, it's it's complicated. This is this is a system that's gonna come at us in waves. So let's start and and I'm gonna take a second. Here. Here we go tonight. 18 Colditz Frosty tomorrow. You're fine in the morning 35 in the afternoon. The snow arrives Saturday night. We get 2 to 4 in Columbus on the ground by Sunday morning, so Sunday morning is a mess. The areas northwest of Columbus get more like 4 to 6. Then, during the day on Sunday, this becomes rain, so we melt off a lot of what's already out there, Right. So we're almost starting from scratch again Sunday night when the snow comes back. So then you get another 1 to 3 on the ground by Monday morning. So Monday morning is a mess. And we add another 1 to 2 during the day on Monday, so when on social media, you're seeing these snow totals. It's gonna be a photo of stuff. Okay? First of all, no But second of all, that doesn't account for the melting. That will happen on Sunday. It also doesn't account for the fact that the snowfall totals on some of those maps are because it's a 10 to 1 ratio, which is when it's colder than what we're going to be. This is going to be more like I'm getting technical on you. Sorry 7 to 1, which means that you're not gonna have the air snowfall totals with this, It's still going to be a significant snow event. But we just have to look at this in the perspective of its in phases, and we're gonna deal with this with 2 to 4 by Sunday morning and another 1 to 3 during the overnight Sunday, Marshall, I have to ask you. Where is.
860AM The Answer
"1 ratio" Discussed on 860AM The Answer
"Am the answer. Welcome back to the damn pop show. Joel Ross writes a newsletter for Citadel Realty. It's a One of reference before sort of Ah good newsletter that tackles macro economic Issues gives you a macro take on what's happening. Here's his review of Joe Biden so far out of the gate, Biden is off to a great start in his 1st 24 hours. His executive order should raise costs, reduce energy and independence. Anger to key allies cut jobs, strengthen unions materially increased regulations raise gas prices increase inflation even more quickly than many thought. In addition, his firings at N L. R B and C F P B will result in massive new regulations and finds an innocent companies and he is just getting going and you thought Trump was the best it upsetting people stopping the pipe. Plane has reduced good paying union jobs by many thousands, especially if you count jobs that steel companies producing the pipe collateral jobs to support the construction and those that suppliers to steel plants. Canada is furious for the job losses there, and they claim the order violates the U. S. M. C. A. They plan to sue states involved are angry because it cost them substantial tax revenue. Gas prices will eventually rise with less supply of oil when combined with the order. Shutting drilling on federal land without will and, of course, also upset one of his identity Arian constituency. So he claims and that would be Native Americans Tribe in Utah sent a letter to the Department of Interior excoriating the by administration for the cutting off of drilling on federal land. But just on the Keystone Pipeline, there's something else in that executive order that went Really under reported a Section. Seven of the order, which includes the revocation of the permit for the Keystone Pipeline, also revoke several climate and energy focus executive orders penned by the Trump administration and also the Trump order banning Chinese Communist involvement in the U. S power grid that is now an open question. The Trump era order sought to ban replace and said new criteria on bulk power system, electric equipment coming from a foreign country or national that poses a national security threat. The order from the press release on Trump's Order prohibits utilities that supply critical defense facilities frumpy occurring from the People's Republic of China specific bulk power system electric equipment that poses an undue risk to the both power system. The security resilience of critical infrastructure, the economy, national security safety security Americans, That's what we talked about, including with national security and technology, folks. The five G grid. You don't want China controlling building your five D grid and then having access to it well, according to binds executive order on the Keystone Pipeline, the fate of that trump prohibition on China's participation in five G the five secret here that is going to be up to the secretary of energy and the director of the Office of Management Budget to jointly consider whether to recommend that a replacement order be issued. So he's re opening the door to Chinese Communist involvement in our power grid. Oh, and by the way, that's AH, a week after China slap sanctions on 28 former Trump administration officials, including Mike Pompeo, including Ahh secretary Alex Cesar, including White House trade advisor Peter Navarro, including former national security Sir Robert O'Brien, prohibiting those individuals and their media families from entering mainland China, Hong Kong and Macau. They're also restricted from doing business with China, as are any companies are institutions associated with them, because they So antagonistic China on behalf of the president. So Trump Administration officials get sanctioned Biden issues an executive order. The top line, of course, is the Keystone Pipeline because of the energy, independence and job implications, and the subtext is opening the door, possibly to China, getting back involved with the development of our five G grid here. More on this. We're pleased to be joined by Steve more economists. Wall Street Journal Colonies, author of Trump A gnomic Steve. Thanks for joining us, I Dad kind of a policy nerd, so I actually spent the last couple of nights reading these executive orders. There's a blizzard of them. You just mentioned one and by the way, you know this is really consistent with the cartoon that we had in our newsletter the day after the election with Biden's with the Red hat on his head that said, Make China great again. What's wrong with having the Chinese Communists in charge of our electric grid system in our time? Firstengy that that sounds like a really good idea, one of the ones that would add to what you're talking about, You know, Remember one of the things you and I were proudest of that Trump did was remembered that declaration that for every new regulation under the Trump administration, at least two would be repealed. And it ends up about 8 to 1 ratio that is probably new regulation. About eight were repealed. Well, one of the first executive orders But nobody paid much attention to with repealing that that I love the language. That bad news. He said. This policy is unnecessarily frustrating Regulators. Yeah, well, that was the idea. Yeah. And and also too I mean, again, citing your outlet there The Wall Street Journal a few days ago, noting that under Trump the United States led the world in carbon emission reduction, which is now 25% below 2005 levels before Cove in And so were signed back onto the Paris accord, which has no impact on China and India and China and Germany are in the process of building more coal plants. While the U. S has been Decommissioning most of them what are we doing? So for every time we shut down a coal plant, India China built 10 new cult friendship and somehow that's going to reduce, you know, covered missions in the global atmosphere. I also also to S O to Germany is building more coal plants. It's not just that it's not just the the East. It's the West. So about 10 15 years ago. China. I mean, Germany went all in on green energy, you know, And this is the you know, the German engineering. They have all these manufacturing plants and the engineer so much the BMWs and all the cars And after about seven years of that policy, it completely destroyed their industrial base. They're using energy. That's you know, two or three times more expensive than You know the United States and other countries were so they completely abandoned the green energy stuff, and they went back to fossil fuels and they're back in business. Meanwhile, we're repeating their mistakes. So here's my question for you. What percentage of our energy comes from wind and solar power. I'm gonna say less than 4% somewhere around 45% folks where we're going to get the other 80% of the energy. I got the answer, Steve, I got the answer for you. You only need that 4% because we're gonna shut all the business is down. If you wanted to shut down the American economy if you wanted to have the sinister, you know, approach to destroying American economy that what would you do? You would shut down the energy sources of the economy, and it would shut down.
AM 970 The Answer
"1 ratio" Discussed on AM 970 The Answer
"Before sort of a good newsletter that tackles macro economic Issues gives you a macro take on what's happening. Here's his review of Joe Biden so far out of the gate, Biden is off to a great start in his 1st 24 hours. His executive order should raise costs, reduce energy and independence. Anger to key allies cut jobs, strengthen unions materially increased regulations raise gas prices increase inflation even more quickly than many thought. In addition, his firings at an L R B and C F P B will result in massive new regulations and finds an innocent companies and he is just getting going and you thought Trump was the best it upsetting people stopping the pipe. Plane has reduced good paying union jobs by many thousands, especially if you count jobs that steel companies producing the pipe collateral jobs to support the construction and those that suppliers to steal plans. Canada is furious for the job losses there, and they claim the order violates the U. S. M. C. A. They plan to sue states involved are angry because it cost them substantial tax revenue. Gas prices will eventually rise with less supply of oil when combined with the order. Shutting drilling on federal land, which have allowed, of course, also upset one of his identity Arian constituency. So he claims and that would be Native Americans Tribe in Utah sent a letter to the Department of Interior excoriating the by administration for the cutting off of drilling on federal land. But just on the Keystone pipeline, there's something else in that executive order that went really under reported. Section. Seven of the order, which includes the revocation of the permit for the Keystone Pipeline, also revoke several climate and energy focus executive orders penned by the Trump administration and also the Trump order banning Chinese Communist involvement in the U. S power grid that is now an open question. The Trump era order sought to ban replace and said new criteria on bulk power system, electric equipment coming from a foreign country or national that poses a national security threat. The order from the press release on Trump's Order prohibits utilities that supply critical defense facilities frumpy occurring from the People's Republic of China specific bulk power system electric equipment that poses an undue risk. Toothy bald power system, the security resilience of critical infrastructure, the economy, national security safety security Americans, That's what we talked about, including with national security and technology, folks. The five G grid. You don't want China controlling building your five D grid and then having access to it well, according to binds executive order on the Keystone Pipeline, the fate of that trump prohibition on China's participation in five G the five secret here that is going to be up to the secretary of energy in the director of the Office of Management budget to jointly consider whether to recommend that a replacement order be issued. So he's re opening the door to Chinese Communist involvement in our power grid. Oh, and by the way, that's AH, a week after China slap sanctions on 28 former Trump administration officials, including Mike Pompeo, including Ahh secretary Alex Cesar, including White House trade advisor Peter Navarro, including former national security Sir Robert O'Brien, prohibiting those individuals and their media families from entering mainland China, Hong Kong and Macau. They're also restricted from doing business with China, as are any companies are institutions associated with them, because they So antagonistic to China on behalf of the president. So Trump Administration officials get sanctioned Biden issues an executive order. The top line, of course, is the Keystone Pipeline because of the energy, independence and job implications, and the subtext is opening the door, possibly to China, getting back involved with the development of our five G grid here. More on this. We're pleased to be joined by Steve more economists. Wall Street Journal columnist author of Trump Atomic Steve. Thanks for joining us Idea kind of a policy nerd, So I actually spent the last couple of nights reading these executive orders. There's been a blizzard of them. You just mentioned one and by the way, you know this is really consistent with the cartoon that we had in our newsletter the day after the election with Biden with the Red hat on his head that said, Make China great again. What's wrong with having the The Chinese communists in charge of our electric grid system and anti G system. Gee, that that sounds like a really good idea. One of the ones that I would add to what you're talking about, You know, Remember one of the things you and I we're proudest of that Trump did was remember that declaration that probably new regulation under the Trump administration, at least two would be repealed. And it ends up about 8 to 1 ratio that is probably new regulation. About eight were repealed. Well, one of the first executive orders But nobody paid much attention to with repealing not at. I love the language that by news, he said, This policy is unnecessarily frustrating to regulators. Yeah, but that was the idea. Yeah. And and also too I mean, again, citing your outlet there The Wall Street Journal a few days ago, noting that under Trump the United States led the world in carbon emission reduction, which is now 25% below 2005 levels before Cove it and so were signed back on to the Paris Accord, which has no impact on China and India and China and Germany are in the process of building more coal plants. While the U. S has been Decommissioning, most of them what are we doing? Yes, So for every time we shut down a coal plant, India and China built 10 new cult somehow that's going to reduce, you know, covered missions in the global atmosphere. I also also to also to Germany is building more coal plants. It's not just it's not just the the East. It's the West 10 15 years ago, China what I mean Germany went all in on green energy. You know, And this was the you know, the German engineering. They have all these manufacturing plants. They engineer so much the BMWs and all the cars And after about seven years of that policy, it completely completely destroyed their industrial base. They're using energy that you know, two or three times more expensive than you know. The United States and other countries were so they completely abandoned the green energy stuff, and they went back to fossil fuels and they're back in business. Meanwhile, we're repeating their mistakes. So here's my question for you. What percentage of our energy comes from wind and solar power on I'm going to say less than 4% somewhere around 45% folks where we're going to get the other 80% of the chief, I got the answer..
WCBM 680 AM
"1 ratio" Discussed on WCBM 680 AM
"You can't talk how long you can talk. What's allowed what's not allowed? And of course, the Democrats have a great majority. What do we have now? 40 people We have 40 and they have 90 some 90 some so they're in overwhelming majority. And So they kept you out. I mean, they keep you out of the ballgame to start with no matter how hard you try, and you and delegate Boteler try very hard and I know you do but let's get back to the caucus idea. Caucus are the 40 members of the Republican Caucus. They have meetings every week, and they Supposed to plan strategy and work together or do whatever and you feel that's not happening. Well, Number one. There was no discussion of the rule change. There was no vote on whether it was unacceptable. Change are not acceptable, wasn't explained or anything. So then, when we got to walk in Only 10 of the 20 you were out in the hole had courage enough to walk in. And the rules. There was no debate on the rules. We didn't hear the rules. They weren't read the US seven of us voted against the rules of the 40. Some Republicans. Can you name the seven? Well, yes, myself. Okay, Polar. Elegant Fisher married Marc Fisher. Mark Fisher Parrot Who man for Congress from western Maryland. Gentlemen that you had on the radio, please. Dan Cox. Cox. Apartment on Earth from the eastern shore. They were the only seven that had the guts to stand up and do the right thing, Kevin and I don't care if they were the best rules in the world, which they weren't just the fact that we were locked out and made stand in the hallway and we're not allowed to participate. That's not the way this is No course not. Now, let me explain something before I go to delegate bowler to our listening audience. Uh, Rick Impallaria and Joe Boteler are not like us. Okay, what I mean, we're people where citizens they are elected representatives of the people. They hold the title, delegate or legislative, but they are elected representatives of the people. Whatever you think of them Republican or Democrat. They have been duly elected to represent a district now, Joe, how many people are in the district? Oh, I think the better 121 133. I think it is 253,000 depending on the district. So when you look atyou, Boteler or Rick Impallaria, your delegate, you're looking at 133,000 people. That's what I mean by different, okay? So when they are denied rights that they are entitled to when they are denied access when they are misled or not respected. Leaders, which are all Democrats and very radical. They're all radical Democrats. They're not even liberals anymore. When I When we talk about the legislation that's coming up. You will clearly understand how radical these people are. When they disrespect and do not allow delegate bowler and delegate Temple. That's 133,000 people. That they are disrespecting. Yeah, you have to remember. A lot of those folks are From the Democratic Party to it, Z. Not just We represent Republicans. We represent Democrats. You know, justice well, and it might district It's a 2 to 1 ratio. And you know, I represent Hillandale. I represent Rose. Stale these air areas where, um, you know their voice should be heard. I find it amazing. That we're always talking about the vote. And how everyone has the right to vote. That vote needs to be protected. But here we are elected officials down their elected buyer are folks and we're shut out of the process. It's absolutely astounding. Well, let's do this. Let's take a quick call, and we got to take a break it a 20. We're gonna have our favorite pastor, Doctor. Uh, David Lewis, David, but first want to take a call from Bob and Park for when he wants to talk about Hogan for a minute. And what will it will use that right now? Because when we take the break and come back, we're gonna talk about the relationship. Of Larry Hogan to the Republican caucus and the Republican Party in general. Okay, But let's talk to Barbara quick here. Have good evening your.
Progressive Talk 1350 AM
"1 ratio" Discussed on Progressive Talk 1350 AM
"We start to see the rise of the ordinary or penny farthing materials for bicycles were slowly changing as well. Wheels started to switch over to solid rubber wheels. So instead of having Iron sheets nailed to a wooden frame. You had solid rubber that provided a softer ride, though obviously not nearly a soft is the later pneumatic tires would Ball bearings also became a thing that made wheel rotation along the axle much more smooth as well as handlebar motions. So these are just ball bearings that that allow for smoother Movement between different elements. You just had to make sure that the fit is snug without being too tight, because if it's too tight than the balls will just snuck up against the edges and prevent any sort turning it all, But it meant motions in general on the bicycle. Became more elegant and less jerky and violent and difficult to control. Oh, and you might wonder why these things were called Penny farthings Well in England at the time, Penny coin measured either 34 millimeters or 31 millimeters in diameter. That would depend on whether it was an old Carper Copper Penny before 18 60 or a bronze penny when they switched over farthings, which were worth one quarter of a penny. As in 1/4 of a penny, where 22 millimeters in diameter. If they were made of copper or 20 millimeters, that they were made of bronze, So the ordinaries wheels were similarly of different sizes. You had the larger penny in the smaller farthing. Well, that was kind of like Larger front wheel and the smaller rear wheel while rich men were causing themselves head trauma on Penny farthings. Groundbreaking work was underway in France as far back as 18 68. A French watchmaker named Andre Gula may came up with an alternative to the front wheel pedal mounts of the ordinary bicycles. His design used a chain drive, and in fact, we didn't even learn about his Contributions to this In fact, you could argue that they weren't contributions that all because it was pretty much kept to himself. When one of his relatives discovered one of ghoul amaze old bikes in storage after Gu made himself had passed away. The simple change right by the way, consists of petals mounted to a crank. The crank is gotta gear wheel typically called the chain wheel mounted to it. So when you pedal, you turned the crank in the crank, in turn is since it's mounted to this chain wheel turns the chain wheel. The teeth of this chain wheel fit into links on a bike chain. The chain is in a loop, and the other end of that loop is mounted around a second gear wheel. This one is connected to the hub typically of the rear bicycle wheel, although there were front wheel chain drives as well, in sort of a hybrid of this style and penny farthings. So if you push on the pedals, you would turn this chain wheel. That would end up engaging the teeth into the bicycle chain rotating the chain loop anyway. And then that would again transfer rotational motion to the back gear wheel, which would in turn, turn the That wheel, the freely turning rear wheel most of the time, so the ratio of gear teeth between the rear wheels, gear wheel and the chain wheel Would determine how fast you would go per rotation of the pedals. Let's take a standard bike wheel so that I can explain how chain drives work. It makes it easier if we just work with easily understandable Standard. A typical bike wheel might be 26 inches in diameter. So if we take the good old handy formula, we can figure out that the circumference of this wheel. Is 81.7 inches or so meaning that if we were to take the wheel and lay it out flat Unreal it. In other words, it would lay out to a length of 81.7 inches. One full rotation. The wheel would take you that far. How much peddling is required to make one rotation that would depend upon the gear ratio. Let's say that the chain wheel, you know, the one that attacked us to the crank that is attached to the pedals has 22 teeth and the rear wheels gear has 30 teeth. That gives us a 22 to 30 ratio also know a you could you argue it down to a 300.73 to 1 ratio. Which means if you were to do a full pedal stroke on the chain wheel, one full rotation The rear wheel would only turn 0.73 times, so not quite three quarters of a rotation. But if the ratio were different, let's say the chain wheel as 44 teeth and the rear wheel has 11 teeth on its gear. You'd see a lot more turning in that rear wheel per turn of the crank that would give us a 4 to 1 ratio, which means every time the crank wheel turns once The real wheel will go around four times. So if you tried out two bikes with the gear ratios I just mentioned and you were peddling those two bikes at exactly the same rate you get on one and you pedal it. Where your again going? Maybe 60 revolutions per minute and then you get on the other one. You do it 60 revolutions per minute. On the first bike, you'll find yourself ambling along at a leisurely pace, and on the second bike, you'll find yourself zooming down at ridiculous speeds. The gear ratios are what allowed bicycle manufacturers to create chain driven bikes that could attain speeds of the high wheelers without all those drawbacks, Remember, Hi Wheeler's the reason they kept getting taller and taller. Was that the taller wheels would allow people to go faster as long as their legs were long enough to peddle the pedals. Using gear ratios with chain drives would allow the same thing, although it would take quite some time to get there, and it would take even longer to get to bicycles that would have multiple gears and not just a single gear. And Dylan made didn't really do anything with that, by design. Like I said, it just kind of sat in his workshop. It would take a few decades for others to kind of pick up this particular approach. It wasn't until the mid 18 eighties well into the mid 18 nineties that you start seeing change driven bikes emerge and get some popularity. Some of them actually used change of in front wheels like I mentioned, and they still had a larger wheel in the front as well. Penny farthing style, but a British engineer and entrepreneur named John kept Star. Lee changed things with a bicycle called the Rover two. John kept star Lee was the nephew of John Star Lee John Star. Lee was a successful businessman who had started off with sewing machines really And had moved on to making ordinaries or Penny farthings. And did quite well with them. So his nephew Jake, a star, Lee. Picked up the mantle and his first bicycle was known as the rover, and it featured a chain drive. It also had a larger front wheel so still kind of Penny farthing ish. But because his design didn't require the writer to perch at the top of a prick, curiously, high wheel It became known as a new type of bicycle. Instead of it being of a Lhasa peed or penny farthing or an ordinary or a bone shaker. These became known as safety bicycles. That classifications would be used for chain bikes for years. So the bicycle that you and I are familiar with is really an outgrowth of these safety bicycles from the late 19th century. Rover two was different. It had two wheels that were more or less of equivalent size. So no longer did we have that larger front wheel. It also had a frame that looks a lot like the typical diamond shaped frame you'll see in modern bikes, although it lacked a few things like the seat tube that modern bikes have a frame on a modern bike has a Tube inside which you can fit a pipe where the bike seat is mounted, and you can typically adjust the height of the seat. That was not a feature of the rover two. If you take a look at a picture of her over to you'll see the unmistakable features of a modern bicycle. The fact that these style bikes were called safety bicycles might have hurt sales a little bit. They actually did have other names to that also seemed Diminutive, like in France, they were known as bicycle. It's like Little bicycle essentially, is what that means. And some people interpret this as meaning. The vehicles weren't meant for big, old, rugged manly men who had better things to do than avoid having their brain smashed in whenever they had a small rut in the road. Around the same time. Other engineering advances brought about features like Caliper breaks, which made it easier to control bicycles and you magically inflated tires helped smooth out the ride and made.
Progressive Talk 1350 AM
"1 ratio" Discussed on Progressive Talk 1350 AM
"Materials for bicycles were slowly changing as well. Wheels started to switch over to solid rubber wheels. So instead of having Iron sheets nailed to a wooden frame. You had solid rubber that provided a softer ride, though obviously not nearly a softest. The later pneumatic tires would Ball bearings also became a thing that made wheel rotational on the actual, much more smooth as well as handlebar motions. So these are just ball bearings that that allow for smoother Movement between different elements. You just had to make sure that the fit is snug without being too tight, because if it's too tight than the balls will just snug up against the edges and will prevent any sort turning it all, But I meant Motions in general on the bicycle became more elegant and less jerky and violent and difficult to control. Oh, and you might wonder why these things were called Penny farthings. Well in England at the time, Penny coin measured either 34 millimeters or 31 millimeters in diameter. That would depend on whether it was an old Carper Copper Penny before 18 60 or a bronze penny when they switched over. Farthings, which were worth one quarter of a penny as in 1/4 of a penny, where 22 millimeters in diameter if they were made of copper or 20 millimeters, that they were made of bronze. So the ordinaries wheels were similarly of different sizes. You have the larger penny in the smaller farthing. Well, that was kind of like the larger front wheel and the smaller rear wheel. While rich men were causing themselves head trauma on Penny farthings. Groundbreaking work was underway in France as far back as 18 68, a French watchmaker named Andre Gula May Came up with an alternative to the front wheel pedal mounts of the ordinary bicycles. His design used a chain drive, and in fact, we didn't even learn about his Contributions to this In fact, you could argue that they weren't contributions that all because it was pretty much kept to himself. When one of his relatives discovered one of ghoul amaze old bikes in storage after Gu made himself had passed away. The simple change right by the way, consists of petals mounted to a crank. The crank is gotta gear wheel typically called the chain wheel mounted to it. So when you pedal, you turned the crank in the crank, in turn is since it's mounted to this chain wheel turns the chain wheel. The teeth of this chain wheel fit into links on a bike chain. The chain is in a loop, and the other end of that loop is mounted around a second gear wheel. This one is connected to the hub typically of the rear bicycle wheel, although there were front wheel chain drives as well, in sort of a hybrid of this style and penny farthings. So if you push on the pedals, you would turn this chain wheel. That would end up engaging the teeth into the bicycle chain rotating the chain loop anyway. And then that would again transfer rotational motion to the back gear wheel, which would in turn, turn the That wheel, the freely turning rear wheel most of the time, so the ratio of gear teeth between the rear wheels, gear wheel and the chain wheel Would determine how fast you would go per rotation of the pedals. Let's take a standard bike wheel so that I can explain how chain drives work. It makes it easier if we just work with easily understandable Standard. A typical bike wheel might be 26 inches in diameter. So if we take the good old handy formula, we can figure out that the circumference of this wheel. Is 81.7 inches or so meaning that if we were to take the wheel and lay it out flat Unreal it. In other words, it would lay out to a length of 81.7 inches. One full rotation. The wheel would take you that far. How much peddling is required to make one rotation that would depend upon the gear ratio. Let's say that the chain wheel, you know, the one that attach is to the crank that is attached to the pedals has 22 teeth and the rear wheels gear has 30 teeth. That gives us a 22 to 30 ratio. Also a you could you argue it down to a 300.73 to 1 ratio. Which means if you were to do a full pedal stroke on the chain wheel, one full rotation The rear wheel would only turn 0.73 times, so not quite three quarters of a rotation. But if the ratio were different, let's say the chain wheel as 44 teeth and the rear wheel has 11 teeth on its gear. You'd see a lot more turning in that rear wheel per turn of the crank that would give us a 4 to 1 ratio, which means every time the crank wheel turns once The real wheel will go around four times. So if you tried out two bikes with the gear ratios I just mentioned and you were peddling those two bikes at exactly the same rate you get on one and you pedal it. Where your again going? Maybe 60 revolutions per minute and then you get on the other one. You do it 60 revolutions per minute. On the first bike, you'll find yourself ambling along at a leisurely pace, and on the second bike, you'll find yourself zooming down at ridiculous speeds. Gear ratios are one allowed bicycle manufacturers to create chain driven bikes that could attain speeds of the high wheelers without all those drawbacks, Remember, Hi Wheeler's the reason they kept getting taller and taller. Was that the taller wheels would allow people to go faster as long as their legs were long enough to peddle the pedals. Using gear ratios with chain drives would allow the same thing, although it would take quite some time to get there, and it would take even longer to get to bicycles that would have multiple gears and not just a single gear. Good. LeMay didn't really do anything with that bike design. Like I said, it just kind of sat in his workshop and take a few decades for others to kind of pick up this particular approach. It wasn't until the mid 18 eighties well into the mid 18 nineties that you start seeing change driven bikes emerge and get some popularity. Some of them actually used change of in front wheels like I mentioned, and they still had a larger wheel in the front as well. Penny farthing style, but a British engineer and entrepreneur named John kept Star. Lee changed things with a bicycle called the Rover two. John kept star Lee was the nephew of John Star Lee John Star. Lee was a successful businessman who had started off with sewing machines really And had moved on to making ordinaries or Penny farthings. And did quite well with them. So his nephew J. K star, Lee, Picked up the mantle and his first bicycle was known as the rover, and it featured a chain drive. It also had a larger front wheel so still kind of Penny farthing ish. But because his design didn't require the writer to perch at the top of a prick, curiously, high wheel It became known as a new type of bicycle. Instead of it being of a Lhasa peed or penny farthing or an ordinary or a bone shaker. These became known as safety bicycles. That classification would be used for chain bikes for years. So the bicycle that you and I are familiar with is really an outgrowth of these safety bicycles from the late 19th century. Rover two was different. It had two wheels that were more or less of equivalent size. So no longer did we have that larger front wheel. It also had a frame that looks a lot like the typical diamond shaped frame you'll see in modern bikes, although it lacked a few things like the seat tube that modern bikes have a frame on a modern bike has a Tube inside which you can fit a pipe where the bike seat is mounted, and you can typically adjust the height of the seat. That was not a feature of the rover two. If you take a look at a picture of her over to you'll see the unmistakable features of a modern bicycle. The fact that these style bikes were called safety bicycles might have hurt sales a little bit. They actually did have other names to that also seemed Diminutive, like in France, they were known as bicycle. It's like Little bicycle essentially, is what that means. And some people interpret this as meaning. The vehicles weren't meant for big, old, rugged manly men who had better things to do than avoid having their brain smashed in whenever they had a small rut in the road. Around the same time. Other engineering advances brought about features like Caliper breaks, which made it easier to control bicycles and you magically inflated tires helped smooth out the ride and made.
Financial Exchange with Barry Armstrong
Virus Cases Rise, but Hazard Pay for Retail Workers Doesn’t
"The back of our chat about Starbucks, raising their wages for baristas. The headline is Virus cases rise, but hazard pay for retail workers doesn't on. This specifically calls out Amazon and Wal Mart, both of which had boosted wages initially, but it's since pulled those raises back for saying, Look. Amazon, you reported, you know quarterly profits that were up 200% but are not paying your workers anymore. Since June. Wal Mart also had a big bump in quarterly sales in their most recent earnings quarter that they reported on Tuesday. They had paid some cash bonuses back earlier this year, but also has not done anything to raise wages here. And the question of this article is asking is, Is it fair for these companies to be raking in not record, but significant, significantly higher profits than earlier in this year will not paying their workers more given the safety risks there undertaken. I mean, I I'm not again to fairness. That's certainly legal. I think it's kind of shameful and embarrassing for the companies that they won't do this Home Depot actually did Home Depot announcing their most recently quarterly earnings that they're going to be making a number of their pay change that they did permanent and it's gonna result in a billion dollars in additional compensation every year. Um Yeah, way judging the morality of it. Clearly, Amazon doesn't feel like they need to hike them the pay rates in order to attract employees and prevent them from unionizing and continue to protest the low pay, But, uh, I I hope that they changed their mind, and I hope that shoppers like us draw attention to it. Um But you know WALMART Amazon plenty of other retailers lows, all saying that, you know they've stopped any of the hazard paper programs that they were doing back in March, March and April of this year. I don't currently have any new ones planned. So that's I guess problem over the last 50 years that we have effectively said Look, we're not going to judge this based on morality. We're just gonna judge this based on whether or not it's good for the company. I think it's hugely problematic and I'm glad to know why it was. Why don't we start by judging the morality then? Find this sucks. You guys are raking in $200 billion of extra profit. Give some back to your employees. Don't worry just about the shareholders and in particular, let's talk about worrying about the shareholders because I want to mention lows, and I'm gonna call those out here because you mentioned Home Depot for doing things the right way. Those said that they had paid out $800 million in pandemic related benefits to employees. At the same time, the company said that they were expecting to buy back about $3 billion of their own stock in the fourth quarter alone. So, basically Okay. And here's Here's where my big issue is. Lows, is saying that spending that $3 billion on stock buybacks to benefit shareholders, which again they're entitled to do Okay is obviously more important to them than spending more money, probably a fraction of that to actually provide sufficient protection. For their employees in terms of testing, PPE all those types of things I know they obviously do. You know, they provide those things they've said, Look, we spent $800 million on it. But when you look at it, there's a 4 to 1 ratio in spending that's going to shareholders compared to employees just for the most recent quarter. Isn't that the fundamental problem that a lot of people have with big business is that they feel that the little guy the person who's working is fundamentally disadvantaged compared to someone who has the capital to invest in that business to begin with. Yes, that is the problem, but I blame all of us for it. None of us have been willing to have, you know, hold their feet to the fire and say OK, Amazon, you're doing this to your employees. I'm canceling my Amazon subscription and no longer shopping at your store. Wal Mart. Same story for you. You guys, you know, make all of your stuff in China and outsource a bunch of jobs outside the U. S. And pay your employees garbage and get them on. You know, food stamps and government benefits. We all still shop at Walmart. So you know I Yes, I blame the employees and a little bit of corporate morality would go a long way. But I blame all of us, too, because we're also Old shopping there. We're all still buying the stock. We are absolutely and this is something where we're all guilty of this, And it's something that we all need to understand because you know, you mentioned the outsourcing of jobs that is, the is the opposite side of the exact same corner. When you look at you know the outsourcing of jobs to other countries for at significantly lower costs. It's saying, Look, this is good for the company. But now we've got thousands of people who have lost jobs simply because the company is saying, Hey, we're going to do this in order to help shareholders. I'm all about trying to innovate to make things you know better. Certainly, like when you talk about, you know, the pride that we have in American business. It's the idea of innovation and pushing the envelope and trying to come up with new ways to do news. Things through free enterprise is the idea. Hey, through competition and through going, you know, add it with other companies. You can figure out better ways to build a better mousetrap. Build a better car. Build a better whatever the heck you're building. Those the things that we want to encourage the things that we don't want to encourage, Okay? Is low saying, Hey, we're gonna spend $3 billion on buybacks because we don't have any way to spend that three billion toe actually innovate any better. We don't have a better way, You know, to stack lumber. So instead we're going to spend $3 Billion on stock buybacks. Hey, Wal Mart? Yeah, we're gonna outsource. You know a bunch of production to China, not because they have a better way of actually building anything but because they have a cheaper way because they have lower labor standards where we can pay people less. And that is the fundamental problem here is that we're not talking about These companies improving on things by saying, Hey, we've built a better mousetrap. We've built a better car. It's just financial engineering by being able to push dollars around in ways that benefit shareholders. That is. The fundamental problem is that we're not innovating the way that we need to were just engineering the financial results after the fact. I'm done. And by the way, this has always been the case. 978 Texan, You know, I wish businesses would go back to profit sharing. Yeah, you're right. You know that. This hasn't been the case since the beginning of the United States. We we used to have pension plans and profit sharing plans at major large businesses that have largely gone away at this point, so I'm good. Now I can get off my soapbox and Good. We'll get on my folks as we age, one of things