23 Burst results for "Brad Sherman"

"brad sherman" Discussed on The Crypto Overnighter

The Crypto Overnighter

08:09 min | 3 weeks ago

"brad sherman" Discussed on The Crypto Overnighter

"Here, encrypted, it's 10 p.m. Pacific time, my name is nicodemus and welcome back to the crypto overnighter, where we take a nightly look at the crypto NFT and metaverse space, and keep in mind nothing in this show should ever be considered financial advice. It's November 14th, 2022, and how did Monday treat you? It was kind of a rough day for me to be honest with you. But we'll get through it, right? Together. So here we go. Who do you think is to blame for the apocalypse at FTX and Alameda research? I mean, other than Sam bankman fried and his cohort, that is. Who do you blame? Do you think that it's fair to blame the users? Just a little bit? Binance CEO CZ seems to think so. He was speaking at a Twitter's AMA today. And it was there that he said crypto users need to bear some responsibility for their investment decisions and not to put all of the blame on others when things go pear shaped. Now he's been asked a question on whether binance binance. Should reimburse people who are hurting FTX is crash. He said quote, as a user, you also have responsibility. You can't just blame all of the responsibility to other people. When bad things happen, if you blame all of the responsibility, if it's always to other people, you will never be successful. You will always be looking at the most responsible person to yourself, which is yourself. So here's the thing about that line of questioning. A participant in the session had alleged that binance had some responsibility for FTX. They said that binance lent FTX credibility. They said that binance surely profited from the funds that belonged to users. Now their logic was that binance should give away any profits gained from selling FTT. FTT being the name of FTX exchange token. So what they're referring to reaches clear back to December of 2019. That's when binance first invested in FTX. Now, last July, binance sold their stake in FTX for $2.1 billion worth of binance's stablecoin and FTT. Now, binance sat on those two fat bags of coins. That is, until last week, when binance signaled that they were going to exit their position in FTT over the course of the next few months. In fact, a large trench was in fact sold. But they didn't sell all of it. FTX ran into a huge liquidity crunch, and binance declined to bail them out in any way. So FTX filed for bankruptcy. And that stopped binance's sale of FTT. As CZ tweeted today, quote, full disclosure, binance never shorted FTT. We still have a bag as we stopped selling FTT after SPF called me. Very expensive call. And he points out that this is all publicly visible both when the company entered and exited those trades. That's all available for public examination. Although he acknowledges that he didn't exactly draw a lot of attention to it. He said quote, we did not hide it. And we did not disclose it. So from CZ's point of view, they sold only a small portion of their FTT. He said not only is finance still sitting on all that coin, they took the same losses everyone else did, which kind of blows holes in the concept that binance anybody, any of that money. He said quote, we had $580 million worth of FTT. We sold a small portion of it. We still have a large bag. So I think we acted in very ethical ways. Now, all that aside, CZ did throw people a bone. He said, binance would try to help FTX users as much as they can. But he did indicate that he is not at all establishing precedent. He said he didn't want to quote create a situation where anything that goes down in the industry, binance has to pay for it. Which is kind of the direction that SPF was headed, right? Anyway, CZ did say that institutional investors do share some responsibility because they did indeed lend credibility to FTX. He said quote, the VC investors, including us, why did we invest in them? I think that accusation was actually somewhat accurate. All the VC investors that invested in FTX made a mistake. And many of them are very professional investors. Why do they not discover this problem? But make no mistake. Not everyone agrees. Brad Sherman, U.S. congressman, not a friend of crypto. He's saying that it's the billionaire crypto Bros who are to blame. He said it's these billionaire crypto blows who are slowing down the adoption of crypto regulations. So in this statement, released on the 13th, Sherman was talking about what happened to FTX. When he said, and I hate to agree with him. But in this case, he's kind of right. He said that this shows the need for regulators to take action. Now, I might question what those actions are, but something does need to happen to protect consumers. Sherman said quote, the sudden collapse this week of one of the largest cryptocurrency firms in the world has been a dramatic demonstration of both the inherent risks of digital assets and the critical weaknesses in the industry that has grown up around them. He continued, saying, for years, I have advocated for Congress and federal regulators to take an aggressive approach in confronting the many threats to our society posed by cryptocurrencies. So he said that his plan is to work with Congress to look for options for federal legislation. And he said that he's hoping that this will happen without the financial influence from members of the crypto industry. He said quote, to date, efforts by billionaire crypto Bros to deter meaningful legislation by flooding Washington with millions of dollars in campaign contributions and lobbying spending have been effective. Now on the other hand, we have Kevin O'Leary. Now he was being interviewed by CNBC when he said rather than trying to regulate everything everywhere all at once, U.S. regulators need to start with one thing. His suggestion was the stablecoin transparency act. Now across the pond, they're trying to establish what happened and who's at fault. And so it came to pass that representatives from binance, ripple, and galaxy digital were testifying in front of the UK parliamentary treasury committee. That was Daniel trender, vice president of government affairs of Europe at binance. Susan Friedman, policy head at ripple, and Tim grant, head of Europe at galaxy digital. Also present was committee chair Harriet Baldwin. So Baldwin asked the group. If what happened with FTX shook their confidence in the space? Tim grant said quote, I think it would be very wrong to tar the entire industry by this one bad Apple, which happened to be a very Big Apple. Also, present was Ian Taylor of crypto UK. Crypto UK is a lobbying group. And so Taylor said the UK government should put their own version out of the EU's markets in crypto assets. So legislation. He also said that crypto firms need to be audited. Binance's trender agreed on that point. Now given the special nature of the events around FTX implosion, it only made sense for the committee to question trinder a bit on that topic. They asked if binance knew what would happen. If they knew that dumping FTT and appearing to bail the company out and then backing out, did they know that would have the effect of nuking the exchange?

binance Binance Sam bankman binance binance crypto Bros Alameda Sherman Brad Sherman Twitter Tim grant Congress U.S. parliamentary treasury committ Kevin O'Leary Daniel trender government affairs of Europe Susan Friedman
"brad sherman" Discussed on The Breakdown

The Breakdown

13:21 min | 2 months ago

"brad sherman" Discussed on The Breakdown

"I understand you don't have a crystal ball, but just for the fun of it, if you had to guess at what point do you think the fed would intervene? Luke responded, I think we'll hit 8 to 10% ten year US Treasury yield before that. And unless the fed steps in, then we would likely blow by 8 to 10% unemployment on the way to 15 to 20%. Lynn Alden says, yeah, I continue to view the potential for an illiquid treasury market as the more likely limiting factor for fed policy than the unemployment rate. Now, certainly not to diminish any of these takes, but I also think there is another thing going on here, which is the in betweenness of where we are. Humans find liminal states unbelievably challenging and uncomfortable. It's why the scariest part of the horror movie isn't. When the victim finally sees and confronts the monster. It's the stalking part where they're hiding, waiting to be found with the faintest hope of still getting away. The terror is the in between because at least once something happens, there can be action. That terror is producing terrified takes. Investor Andrew steinwald wrote, I think we could see eth under 100 within the next 12 months. One heading into a recession worse than two 1008, two SEC has declared war on crypto, three Russia Ukraine war escalation. While scary, I view it as a generational buying opportunity. Now many in crypto took this as exactly the most extreme poll perspective that it represented. Frank chaparro wrote bra. And moon overlord simply responded, are you on crack? Anyway, the point is we're incredibly in between right now. And in a Bloomberg piece today, Kenny pocari, the chief strategist at slate stone wealth, put this in traditional market terms. It appears that traders and investors are going to throw in the towel this week in what feels like the sky is falling type of event. Once everyone stops saying that they think a recession is coming and accepts the fact that it is here already, then the psyche will change. Nexo is a security first platform built for the long run, with everything you need for your crypto. 5 key fundamentals, including real-time auditing and insurance on custodial assets, safeguard your funds. Making nexo the right place for you to buy, exchange, and borrow against your assets safely. Learn more about nexo's reliable business model and start your crypto journey at nexo dot IO. That's an EXO dot IO. Eager to make more informed decisions around crypto, chain analysis is here to help. She now is demystifies cryptocurrency by providing industry leading compliance, market intelligence, and investigations support for all crypto assets. For organizations like Gemini, crypto dot com and BlockFi. Gain unparalleled visibility and maximize your potential with the leading blockchain data platform. By visiting us now, at chain analysis dot com slash coin desk. The breakdown is sponsored by FTX U.S.. FTX U.S. is the safe regulated way to buy and sell Bitcoin and other digital assets. With up to 85% lower fees than competitors. There are no fixed minimum fees, no ACH transaction fees, and no withdrawal fees. One of the largest exchanges in the U.S., FTX U.S. is also the only leading exchange that supports both Ethereum and Solana NFTs. When you trade NFTs on FTX, you pay no gas fees. Download the FTX app today and use referral code breakdown to support the show. Let's talk about a few stories we didn't have a chance to discuss earlier this week. On Wednesday the House financial services committee held a hearing entitled holding mega banks accountable, oversight of America's largest consumer facing banks. The CEOs of U.S. Bancorp PNC financial JPMorgan Chase Citigroup Bank of America Truist financial and Wells Fargo were all in attendance. These executives were called to account on hot button topics, including ties to Russia and China. Stances on firearms purchases and employee unionization. Now, as is always the case with these hearings, they tended to be less about tackling deep structural issues and more about scoring political points ahead of the midterms. Ranking member Patrick mchenry addressed this concern head on in his opening statement. I disagree with this hearing because it's theater, not oversight. The majority has had two years to do its job of oversight and it's failed miserably. My colleagues have instead called on large bank CEOs to publicly pressure them to promote divisive partisan priorities. We'll hear a lot of that. In fact, you might hear it from both sides, where we are a month before the election. There's a significant undertone of the financial struggles of the nation, although JPMorgan Chase CEO Jamie Dimon said that consumers continued to be in good shape with robust spending patterns, he acknowledged that continued rate hikes could be difficult for consumers and potentially push the country into recession. When asked whether or not they have confidence in the fed's resolve and fighting inflation, each CEO confirmed their support for the Central Bank. Diamond rather pointedly said, I think the government did the right thing early on in the crisis to take dramatic action to reduce the pain of the pandemic. Since then, we've spent 6 trillion, 30% of GDP, which is bigger than any time in history other than World War II. We're paying the price of too much monetary and fiscal stimulus. I don't think you can spend 6 trillion and not expect inflation. I don't like to cry over spilled milk. Let's do the things we've got to to fix all that, then move forward and grow the economy, which is the best way to reduce inflation and help all of our citizens. Jane Fraser, the CEO of Citigroup noted that people with lower credit scores will likely experience greater financial stress in the coming years, saying we're going to be in for tougher times ahead. Brian moynihan, the CEO of Bank of America recognized that rate hikes meant that borrowing costs on key consumer products, including mortgages would be higher, but added quote the reality is it needs to be done. Diamond looking abroad pointed out that a mild U.S. recession could be made worse by uncertainty over global food and energy supplies, as well as escalating tensions with Russia and China, causing further vulnerability to global financial stability. This question of foreign ties was a significant moment in the hearings. Diamond pushed back on Brad Sherman's questioning about JPMorgan's Russia clients, saying we are following the instructions of the American government as they asked us to do it. There were also questions to multiple CEOs about how they would act should China invade Taiwan. The CEOs responded that they would act as the U.S. government instructed. There was some discussion of CBDC policy, with the CEOs mostly rejecting the idea of those systems. They questioned the ability of the fed to operate a retail banking product like a CBDC with all of the customer service requirements that that would entail. They also expressed displeasure at the idea of being pressured to flag a suspicious or outright sensor, transactions related to controversial but legal purchases, including firearms. Diamond said, we don't want to be in the business of telling American citizens what they can do with their money. In terms of crypto, there wasn't much, but what there was got a fair bit of press. Brad Sherman, who's one of the most frequent crypto critics on the hill, asked whether these CEOs intended to finance crypto mining. Citigroup CEO Jane Fraser said I do not believe so, and Bank of America CEO Brian moynihan and Wells Fargo CEO Charles scharf both said their banks had no plans for that either. Still, for sure the most pointed and reported comments came from Jamie Dimon again, who said, I'm a major skeptic on crypto tokens, which you call currency like Bitcoin. Their decentralized Ponzi schemes. To me looking at this, diamond seemed like a man uncomfortable with his hypocrisy. He has long been a critic of Bitcoin yet at the same time, his company. JPMorgan Chase is forced to get ever deeper into the space based on customer demand. But now let's move off banking and hit a few other stories. In Europe, the European Union has finalized the text for its landmarks markets and crypto asset or Mika legislation, which will provide a comprehensive regulatory framework for the crypto industry in Europe. While the text is still officially open to comments, sources briefed on the internal process have said that in practice it is finalized. A leaked draft of the legislation that was dated September 20th urges enforcement agencies to take a substance over form approach to the law, meaning its provisions could apply to some assets classified as NFTs, which aren't formally considered by the law. The law will require things like issuers of crypto assets to publish white papers containing technical road maps, platforms to register with authorities, stablecoin issuers to hold capital and uphold credential management standards. The latest draft updated wording around algorithmic stablecoins, which were originally not covered by the legislation. I'll go stables are now within the scope of the regulation, quote, irrespective of how the issuer intends to design the crypto asset, including the mechanism to maintain a stable value. A previous draft sought to limit the issuance of stablecoins which were denominated in non EU currency, which industry figures feared would block popular U.S. dollars table coins from the European market. The latest draft has moved to unify regulatory treatment regardless of currency denomination of a stablecoin instead. Another concern of lawmakers this year was that the regulations would be outdated before they were made, regarding their failure to cover NFTs. Delete draft considers that genuinely unique NFTs should not be covered, but that quote, the issuance of crypto assets as non fungible tokens in a large series or collection should be considered as an indicator of their fungibility. Essentially, this would bring the vast majority of the NFT marketplace within the scope of the regulation as well. Obviously, we'll get a lot more information here when the official text is released, but for now, it's part and parcel of this sort of beginning of the endgame idea and regulatory discourse that we've been talking about for months. Now moving back to the macro for a minute to update a story from earlier this week. We talked a lot about the decrease in home builder sentiment, the increase in mortgage prices. The idea that some in the housing sector are calling it a housing recession already. But there is a growing narrative that we didn't discuss, which we'll call the golden handcuffs narrative. While we talked a lot about how high interest rates could SAP demand by forcing buyers out of the market because the average monthly payments have gone up so much, there's also the potential that those higher mortgage payments also SAP supply. The reason being that people who locked in rates at 3% have such a disincentive to sell their house and get locked into a new, much more expensive mortgage. That disincentive creates another force for reducing inventory. Nick timorous of The Wall Street Journal writes, the golden handcuffs of a 3% mortgage. Homeowners with low mortgage rates are balking at the perspective of selling their homes to borrow at much higher rates for their next homes. A development that could limit the supply of houses for sale. Danny ball the Strauss put some numbers around this. This is crazy, he writes, if you secured a 30 year fixed mortgage on a 600,000 dollar home at a 2.6 interest rate in 2021, you have the same monthly mortgage payment as someone who just bought a $392,000 home at today's 6.2 percent interest rate. Nick again, quoting from a Redfin report writes, typically when mortgage rates shoot up, we expect prices to come down in turn. But with so few desirable homes coming on the market, buyers are not getting much relief. They write what's happening in the housing market feels more like a new weird. As you can tell from the title of the show, I think a new, weird, is a perfectly app summary of just about everything right now. And one final story before we close out today. Kraken CEO Jesse Powell is stepping down as chief executive. He hands the reign over to current chief operating officer Dave Ripley, who has been in this role with the company since 2016. According to a press release from kraken, Powell intends to remain involved. He'll become the chair of kraken's board and continue to work on product development and crypto industry advocacy. For those of you who don't know, Jesse is one of the absolute true OGs of this space. He was an early pro magic the gathering player who also got into selling virtual goods around the turn of the millennium. As in, he was early on a lot of the things that have become part and parcel of this industry. He was a consultant early trying to help mount gox on security. As an aside, mount gox originally stood for magic the gathering online exchange, although as Jesse pointed out in 2019, quote, MTG cards were never actually tradable on mount gox before the domain was repurposed for the Bitcoin exchange. I got into Bitcoin through a random news article about it. Turns out many crypto fans are also magic fans. Anyway, after his experience with gox, he was pretty sure that a replacement was going to be needed, and formally launched kraken on September 2013, although the company had been founded earlier. He was, of course, correct in Cox's collapsed a few months later. Powell and kraken have been innovators in first movers in the space for years. They've tended to take a strong stance on regulatory questions. For example, in April 2018, they refused to comply with the New York attorney general investigation around whether they had done enough to protect customers from market manipulation and money laundering. In September 2020, the company became the first crypto exchange in the U.S. to be granted a special purpose depository institution charter in Wyoming. Now, there have been various controversies about the way kraken was run and Powell's libertarian values, but when the dust settles there is only one clear thing. And that is that for a decade, Jesse and kraken have been stalwart builders in the Bitcoin and crypto space. And it's much, much better for him having been here. In the thread announcing his departure, Taylor monaghan wrote, love you and everything you've done for this industry over the years. Hopefully getting you away from the company means you'll have more time to shape the entire industry to be better, fairer, and more empowering to each and every individual. Jesse responded, thank you. I appreciate your service and commitment as well. If you have more perspective. Indeed, stepping up a level should give me more bandwidth to actively engage on some of the important and existential policy issues we're facing. To which Jake stravinsky of the blockchain association wrote, well, that's the best news I've heard today. So thank you, Jesse, an excited to see what you do next. But for now, let's wrap the show and let you get off to the rest of your weekend. I want to say thanks again to my sponsors next to analysis and FTX, and thanks to you guys for listening. Until tomorrow be safe and take care of each other. Peace

U.S. fed Jane Fraser Brian moynihan JPMorgan Chase Russia US Treasury Lynn Alden Andrew steinwald Frank chaparro Kenny pocari slate stone wealth nexo Solana NFTs House financial services commi U.S. Bancorp PNC Brad Sherman
"brad sherman" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

05:48 min | 2 months ago

"brad sherman" Discussed on CoinDesk Podcast Network

"Financial JPMorgan Chase Citigroup Bank of America Truist financial and Wells Fargo were all in attendance. These executives were called to account on hot button topics, including ties to Russia and China. Stances on firearms purchases and employee unionization. Now, as is always the case with these hearings, they tended to be less about tackling deep structural issues and more about scoring political points ahead of the midterms. Ranking member Patrick mchenry addressed this concern head on in his opening statement. I disagree with this hearing because it's theater, not oversight. The majority has had two years to do its job of oversight and it's failed miserably. My colleagues have instead called on large bank CEOs to publicly pressure them to promote divisive partisan priorities. We'll hear a lot of that. In fact, you might hear it from both sides, where we are a month before the election. There's a significant undertone of the financial struggles of the nation, although JPMorgan Chase CEO Jamie Dimon said that consumers continued to be in good shape with robust spending patterns, he acknowledged that continued rate hikes could be difficult for consumers and potentially push the country into recession. When asked whether or not they have confidence in the fed's resolve and fighting inflation, each CEO confirmed their support for the Central Bank. Diamond rather pointedly said, I think the government did the right thing early on in the crisis to take dramatic action to reduce the pain of the pandemic. Since then, we've spent 6 trillion, 30% of GDP, which is bigger than any time in history other than World War II. We're paying the price of too much monetary and fiscal stimulus. I don't think you can spend 6 trillion and not expect inflation. I don't like to cry over spilled milk. Let's do the things we've got to to fix all that, then move forward and grow the economy, which is the best way to reduce inflation and help all of our citizens. Jane Fraser, the CEO of Citigroup noted that people with lower credit scores will likely experience greater financial stress in the coming years, saying we're going to be in for tougher times ahead. Brian moynihan, the CEO of Bank of America recognized that rate hikes meant that borrowing costs on key consumer products, including mortgages would be higher, but added quote the reality is it needs to be done. Diamond looking abroad pointed out that a mild U.S. recession could be made worse by uncertainty over global food and energy supplies, as well as escalating tensions with Russia and China, causing further vulnerability to global financial stability. This question of foreign ties was a significant moment in the hearings. Diamond pushed back on Brad Sherman's questioning about JPMorgan's Russia clients, saying we are following the instructions of the American government as they asked us to do it. There were also questions to multiple CEOs about how they would act should China invade Taiwan. The CEOs responded that they would act as the U.S. government instructed. There was some discussion of CBDC policy, with the CEOs mostly rejecting the idea of those systems. They questioned the ability of the fed to operate a retail banking product like a CBDC with all of the customer service requirements that that would entail. They also expressed displeasure at the idea of being pressured to flag a suspicious or outright sensor, transactions related to controversial but legal purchases, including firearms. Diamond said, we don't want to be in the business of telling American citizens what they can do with their money. In terms of crypto, there wasn't much, but what there was got a fair bit of press. Brad Sherman, who's one of the most frequent crypto critics on the hill, asked whether these CEOs intended to finance crypto mining. Citigroup CEO Jane Fraser said I do not believe so, and Bank of America CEO Brian moynihan and Wells Fargo CEO Charles scharf both said their banks had no plans for that either. Still, for sure the most pointed and reported comments came from Jamie Dimon again, who said, I'm a major skeptic on crypto tokens, which you call currency like Bitcoin. Their decentralized Ponzi schemes. To me looking at this, diamond seemed like a man uncomfortable with his hypocrisy. He has long been a critic of Bitcoin yet at the same time, his company. JPMorgan Chase is forced to get ever deeper into the space based on customer demand. But now let's move off banking and hit a few other stories. In Europe, the European Union has finalized the text for its landmarks markets and crypto asset or Mika legislation, which will provide a comprehensive regulatory framework for the crypto industry in Europe. While the text is still officially open to comments, sources briefed on the internal process have said that in practice it is finalized. A leaked draft of the legislation that was dated September 20th urges enforcement agencies to take a substance over form approach to the law, meaning its provisions could apply to some assets classified as NFTs, which aren't formally considered by the law. The law will require things like issuers of crypto assets to publish white papers containing technical road maps, platforms to register with authorities, stablecoin issuers to hold capital and uphold credential management standards. The latest draft updated wording around algorithmic stablecoins, which were originally not covered by the legislation. I'll go stables are now within the scope of the regulation, quote, irrespective of how the issuer intends to design the crypto asset, including the mechanism to maintain a stable value. A previous draft sought to limit the issuance of stablecoins which were denominated in non EU currency, which industry figures feared would block popular U.S. dollars table coins from the European market. The latest draft has moved to unify regulatory treatment regardless of currency denomination of a stablecoin instead. Another concern of lawmakers this year was that the regulations would be outdated before they were made, regarding their failure to cover NFTs. Delete draft considers that genuinely unique NFTs should not be covered, but that quote, the issuance of crypto assets as non fungible tokens in a large series or collection should be considered as an indicator of their fungibility. Essentially, this would bring the vast majority of the NFT marketplace within the scope of the regulation as well. Obviously, we'll get a lot more information here when the official text is released, but for now, it's part and parcel of this sort of beginning of the endgame idea and regulatory discourse that we've been talking about for months. Now moving back to the macro for a minute to update a story from earlier this week. We talked a lot about the decrease in home builder sentiment, the increase in mortgage prices. The idea that some in the housing sector are calling it a housing recession already. But there is a growing narrative that we didn't discuss, which we'll call the golden handcuffs narrative. While we talked a lot about how high interest rates could SAP demand by forcing buyers out of the market because the

Jane Fraser Brian moynihan JPMorgan Chase JPMorgan Chase Citigroup Bank Patrick mchenry Jamie Dimon Russia Brad Sherman Wells Fargo China Citigroup American government CEOs Bank of America fed CEO Charles scharf Diamond Central Bank stablecoin
"brad sherman" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

06:22 min | 5 months ago

"brad sherman" Discussed on WNYC 93.9 FM

"Next on NewsHour to President Biden's sensitive trip to the Middle East this week during the presidential campaign, he said he wouldn't meet Saudi Arabia's de facto ruler crown prince Mohammed bin Salman. But then provided the image of the trip by fist bumping the same man that he stood insists was responsible for the killing of the Saudi journalist Jamal Khashoggi in 2018. He also visited Israel and the Palestinian territories this week. So what's all this about? Does Washington need to build a stronger alliance against Iran? Is it looking for more help with oil prices being pushed up by the conflict in Ukraine? I talked to the Democratic Party congressman Brad Sherman about all of this and first, about that fist bump. There's a difference between being a candidate and being a president, Americans want the benefits strategic and economic of having a relationship with Saudi Arabia. And they don't want the distasteful action of having to fist bump or visit Benson. Of course, we wanted to win World War II and we didn't like the unfortunate aspect of aligning ourselves with Joseph Stalin. So in other words, there's a candidate you can have principles and as the president you have to abandon them. You don't abandon them. Every single foreign policy decision you weigh the strategic, the economic and the principles as well. I can't find a single decision where you're not looking at all three. What does Joe Biden come away from that meeting in Saudi Arabia with? I mean, he's clearly made the concession of having the meeting and being friendly. What has he come away with? In keep in mind, he did not abandon human rights. He raised Khashoggi, he raised human rights and he did it away that stood with American values. As to what he came away with, there are the already delivered the direct flights from Israel to Saudi Arabia at least for those going to the Hajj, the overflight agreements on public health, et cetera. But most significant, especially here politically in the United States and around the world, is the world oil price. And from the moment this announcement of the visit was made until today, prices have come down by from a 120 down to a hundred. I don't know if we're going to see any future decline because I think they will price already factors in. They're pretty smart people involved in speculating on oil prices. I think today's price factors in an expectation that there will be more oil production out of Saudi Arabia over the next few weeks. East part of Joe Biden's mission here to build coalition in the Middle East against Iran. Yes, and yet I think that coalition builds itself. You don't have to convince the Saudis or the Israelis to be against the Islamic Republic of Iran. I think the U.S. plays a role of a bridge a coordinator and another powerful country that's part of that alliance. In a region where the U.S. is distrusted by many countries as you rightly suggest might be forming a coalition, whether the U.S. comes or not. Well, again, to have the Israelis coordinate with the Saudis and the rest of the Gulf Cooperation Council, having America there is important in stopping Iran from having a nuclear weapon, America is important. And while the Arab street may find some reasons to shout death to America from time to time, the fact is that the leaders in the Middle East know that America is important. If this was fundamentally about oil prices and we've seen whatever benefit there will be in world oil prices from this, does the need to be a continuation of this relationship. I think there'll be what we see now. A relationship because there has to be for strategic and economic reasons. And at the same time a focus on human rights, obviously The Crown prince didn't like it. When Biden talked about human rights and talked about Khashoggi and said bluntly, we think you did it. So I think what you have seen is what you're going to continue to see. America concerned about human rights and not just Khashoggi, but a host of other issues. And you're going to see American presidents visiting or dealing with Saudi Arabia from time to time. Is Joe Biden going to run in 2024? I think that the answer is yes, subject to whatever health report he gets in 2023. Because a lot of people you'll know talk about the president being too old. The optics of the president on the international stage as we're discussing don't project the kind of power that I'm sure you and other U.S. citizens would like. I think Biden is doing the best that can be done under these circumstances. I think here domestically, there's this feeling in the country that Democrats are in control of Congress. And that's clearly not the case. And yet people expect we are and wonder why we can't get our whole agenda to pass. I think that Biden has done a good job on this trip. At this point, approval ratings for Joe Biden are lower than they were for Donald Trump at this stage in the presidency. That's true. And when you have inflation this high for the first time in 30 or 40 years, you should expect that if inflation remains this high, two years from now, whoever the Democrats nominator is going to lose. That's called a thing for a democratic congressman to say, we have no chance in this situation. It's just down to events. Well, you have to deliver the American people tend not to analyze whether this policy or that policy. They just look at their lives and if the economy is bad, they blame whoever is in power. Interesting analysis of Joe Biden's trip to the Middle East and some wider issues around his presidency from Democratic Party congressman Brad Sherman speaking to me a little earlier from Washington. This is the BBC World Service with Andrew peach are listening to NewsHour. Distribution of the BBC

Saudi Arabia Khashoggi U.S. President Biden prince Mohammed bin Salman Joe Biden Jamal Khashoggi Middle East Iran Brad Sherman Republic of Iran Israel Joseph Stalin Democratic Party Benson Ukraine Biden Gulf Cooperation Council Washington Donald Trump
"brad sherman" Discussed on The Bad Crypto Podcast

The Bad Crypto Podcast

02:50 min | 8 months ago

"brad sherman" Discussed on The Bad Crypto Podcast

"Have to switch my website or something at some point for that reason. The song and dance, the song and dance. Well, if you guys would name yourselves, Dan, then we can we can maybe do something like that. But could we add a title Travis to our names? I mean, we're already doctor sir Lauren reverend most tie Joel. Damn. And by the way, Dan, honorary Dan. Well, what could Dan be stored for? Is there like a title that actually goes with Dan? I don't know. That's a really good question. If you guys out there listening, know what that. Dancer, I guess. I guess you guys. Hold me closer, tiny Dan, sir. Yeah. Well, so it is meant to be pretty wide ranging, and we're really trying to make some inroads on Capitol Hill. A lot of senators are pretty interested. There's a lot of people on both sides of the aisle. House is a little bit tougher, but we definitely have to have some advocates in the House as well. So you're supposed to pay them off. You know, they don't want your book. They want your money. So if you can somehow, if you can really want is your corn, then they'll be like, wow. What they really want is your vote. And that's the current, that's a real currency on Capitol Hill, is that if you can deliver them like 10,000 votes from their district, then they'll do stuff for you. And with voting machines now, the way they are, they don't even really need your vote. Fully. Yeah, and this is something that I think we have to realize recognized as a community is that a large portion of this community are a young men from 18 to 35, something like that. That tend to be libertarian or whatever and they don't vote. And that means that that means that we have much less influence on Capitol Hill. But if you turn us into single issue voters that go in and vote on the valid pass because, hey, Brad Sherman, for example, is very anti Bitcoin, CA 30. If you live in that district and support Erica roads instead and come out of the woodwork for that, that's going to send a message. That's going to get every member of Congress scared that they can be taken out by the Bitcoin people. So yeah, that's something to consider. Well, Jimmy, this has been as expected fund enlightening and it's going to be really interesting to see where things go. We always appreciate you coming on and showing your opinion. What website would you like people to go to to find you or socials Jimmy song on Twitter and programming Bitcoin.

Dan sir Lauren Capitol Hill Travis Joel Brad Sherman House Erica Congress Jimmy Twitter
"brad sherman" Discussed on What Bitcoin Did

What Bitcoin Did

05:10 min | 11 months ago

"brad sherman" Discussed on What Bitcoin Did

"Common thing. Probably the best experience of your life. She's amazing. Yeah. We're still friends. Okay. And yeah, but she said to me, I'm an honorary Buckeye and I have to stay one for life. So I am. Yeah. No, it's a really solid place. I think that we get kind of lumped in with Middle America and then there's some not so great things happening in our state legislature that don't put the best presentation of what our home is, but I think it's a place that's full of a lot of good people that have very modest expectations for what their life should look like and have a real strong sense of right or wrong and call BS when they see it. So that's had a big impact on me. They definitely will be BS when they see it. That's my experience. Yeah. So okay, who are you running against them? So it's an open seat in that rob Portman, who is the current senator in the seat. It has announced he's retiring, but in advance. And so that makes it so that others know he's not going to be running for reelection. Always more complicated when an incumbent is running. And we have people on the Republican side, like JD Vance, Josh mandel, Jane timken. They're all in in their Republican primary. And then in the democratic primary, it's me and Tim Ryan, who's an current House of representative member. Josh mandel is a Bitcoin or as well, actually. Josh mandel, yeah. Into this. Okay. And the person you're up against on the Democrat side, Tim Randy's. Tim Ryan. Yeah. See the guy won't debate you. He is the guy that won't debate me. Yeah, so not sure what's up with that when asked about it this week. He said he's waiting to see who's really in this race and he debates all the time in Congress. Not sure how that's relevant for the purposes of this campaign or election. But yeah. I mean, when you're a known, I'm being a little bit facetious, whatever. But when you're a known more known entity, you have no benefit to further exposure of your opponent. And so usually the strategy is for typical politicians is hide as long as you can. And then hope that nobody hears about anybody else and then just coast in. But my whole style of politics is trying to hold people accountable and because we have a lot of disillusionment in our political sector for good reason because we have people that aren't about doing the right thing. Aren't about discussing ideas are mainly about themselves. Okay. So what are your chances of being him? Well, I only get into things I think I can win. Okay. Good, like this? Yeah. And the biggest barrier we have is just making sure people hear what I'm about because another thing I love about people in Ohio is that mostly they hate politicians and I just like politicians too. And they just want somebody who's going to be real and stand up for them. And so we need to make sure that folks know they have that option in this race. And then we'll vote for me. And that's the biggest barrier. So recently met Erica roads, who is running in California. Remember the area. She's up against an incumbent who bitcoins don't like Brad Sherman. Okay. And sorry for which seat? I've got no idea. Federal state. This is where I'm totally on my politics. But I've already asked you a lot of questions. All I know is she's up against Bretman. Okay. And he's national wasn't it? Yeah, so yeah..

Josh mandel Tim Ryan JD Vance Jane timken House of representative Tim Randy Middle America rob Portman legislature Congress Erica roads Ohio Brad Sherman California
"brad sherman" Discussed on The Breakdown with NLW

The Breakdown with NLW

05:07 min | 1 year ago

"brad sherman" Discussed on The Breakdown with NLW

"The breakdown is sponsored by nigg and produced and distributed by coin desk. What's going on guys? It is Thursday, November 18th and today we are discussing what we learned from Congress's demystifying crypto hearing. So last week, a bunch of hay was made about Congress and the Senate holding this hearing called demystifying crypto. There were many who pointed out that it was actually quite a good panel of expert witnesses and that it seemed that the tone might be different. My critique at the time was that broadly, yes, it was a good panel, but there was no one there who represented a builder or an investor as much as I love coin center and appreciate their constant presence at this type of thing. It's very hard, I think for the U.S. government to get a full picture of the crypto industry when you're only having academics and advocacy groups as part of the dialog. But what we're here to talk about is what actually happened. And there was you might say shockingly little commentary on Twitter about this, which either means one, no one was paying attention or two that there wasn't a lot of controversy. And either way, that tells us something about how the regulatory conversation in the U.S. is changing. Now, this was an event held by the joint economic committee. The joint economic committee actually includes both members from Congress and the Senate. The chairman is Democrat Don Bayer, whose name you might recognize as the person who introduced the digital asset market structure and investor protection act over the summer. Now, at the time that congressman Bayer introduced that legislation, it was notable because he hadn't really prominently figured in the crypto conversation up to that point. And there were many, including other members of Congress, who speculated that it was actually a proxy for the Treasury Department, something that Don byer has deny. Now the ranking member on the Republican side for the joint economic committee is senator Mike Lee of Utah. And I would say, as I reviewed this whole hearing that there are two high level notable things. The first is that part of the reason there wasn't any real chatter about this on Twitter, et cetera, is that there really weren't big bombastic things. There was nothing akin to Brad Sherman's famous quote from the Libra hearing, where he said that Libra was going to kill more Americans than 9 11. In general, the tone has started to shift into this notion of crypto is here, stable coins are here, so what are we going to do about it? I've made the point before that every single week that goes on, the talk about banning crypto is less credible than it ever has been. And I think this hearing definitely reinforces that, in a minute, we'll get into some of the details about questions and discussions people have. But it really was a different tone.

joint economic committee Congress Don Bayer Senate congressman Bayer Don byer U.S. government senator Mike Lee Twitter Treasury Department U.S. Brad Sherman Utah Libra
"brad sherman" Discussed on What Bitcoin Did

What Bitcoin Did

01:52 min | 1 year ago

"brad sherman" Discussed on What Bitcoin Did

"We don't need wet Brad Sherman has. He's always gonna have more money than us. We just need the $1 million to ensure we can finish executing our path to victory. Okay. And so when we calculated all the things that we need in order to make sure that people know that they have a choice, this primary, it ended up equally 1.1 million. We have 200,000 on cash. We raised to almost 200,000 and we have a little over a 100,000. Over what period did you raise $200 over a year? Over a year. Yeah, but Q three was big for us. I think the Bitcoin community when we took a stance you guys definitely came in and supported. Thank you so much. And I will forever be grateful and loyal just FYI. And so that was huge for us. But Brad is fundraising. He's campaigning. And I also need to be able to put X amount of money to prepare for a debate with him. So you need in four months is the end of January. And January 30th. And basically we're in mid op three and a half months. You need to read another 800,000. I know. It's doable. You think so? I think so. What do you think that? Well, I just hopefully some bitcoiners will listen and understand and support. Are you allowed international donations? No, so I can't donate. No. But you can ask people that, you know, but it's so you have to be in the United States citizen. Okay. Max donation is $2900. That's the most that someone can donate to a political campaign. At the congressional level. But what about the corporations? Heels are packed money that he gets. What does that mean? So that means that a pack money is where someone creates a pack and they get a lot of people to donate money to it. And then they put it to a candidate that they like. Like a pool of cash. Right. And we don't take that. You don't take PAC money. We don't want dirty money. I want to be beholden to people, and that's it, and that's all..

Brad Sherman Max donation Brad United States PAC
"brad sherman" Discussed on What Bitcoin Did

What Bitcoin Did

05:00 min | 1 year ago

"brad sherman" Discussed on What Bitcoin Did

"And I think if we can repair that relationship, then we won't have so much friction. So I would imagine a lot of people would first get into politics would feel like this and then something goes wrong somewhere. And I'm imagining the horse trading of Washington is what ends up putting people in a position where they're having to maybe they can't represent how do you feel about that? But that means that they're on principles. Of course. Is someone can get to Washington and they can waver on what they stand for, they weren't principled to begin with. They didn't have morals and values to begin with. And for me, even as a candidate, I walked away from a lot of big donors. People that have extreme wealth and I'm like, you know what, your values don't align with mine. I'll go the longer harder, moral just way because that money is not money that I want in my campaign. Because I'm principal. My parents raised me to stand for something and not fall for just anything. And so I think that's why it's a double edge sure to be in my position, right? I would do a great job in Washington and I would serve, you know, my constituents well. But I'm also at a disadvantage of getting a Washington because I'm not corrupt. You know what I mean? And so we don't get people everyday person to be able to get if they can't get and we need to get them involved in the election process and vote and donate and get behind candidates like myself or from Wendy, all these amazing people running. That's how we'll end up changing government. Because even my incumbent congressman Brad Sherman, a lot of his money comes from big banks pawn shops, you know, big corporations. Banks. Big banks. That's why he wrote like Bitcoin. It's true though. I know. And it's like, but that's who he's trying to represent..

Washington Brad Sherman Wendy Bitcoin
Secretary of State Antony Blinken Covers up Afghanistan Disaster

Mark Levin

01:58 min | 1 year ago

Secretary of State Antony Blinken Covers up Afghanistan Disaster

"From the document. And the deal itself. That's not exactly what took place. The work conditions. And so what did the Democrats do today? What did they do at the blinking and they lied about the conditions. That Trump so went surrendered that Trump set the deadline. Cut five Mr Producer more blank and go When you came into office on January, 20th we were committed. This is Brad Sherman, who is a complete Cluster punk go ahead. We went out of Afghanistan within three months. By May, 1st. Did the Trump Administration leave on your desk pile of notebooks as to exactly how to carry out that plan. Did we have a list? Of which Afghans? Uh, we were going to evacuate Did what does this have to do with anything? Ladies and gentlemen? Yeah. You don't need no books on the list. You had a plan a deal that was set out that had already been violated. It was being violated upon the election of Joe Biden. That's the bottom line. You don't need a list and notebooks exactly how you're still accomplish these things. And by the way, If they needed those things, and they needed more. Why didn't they contact the trump folks? They could have done that to, you know. Go ahead. And to get Americans from all over Afghanistan to Kabul and out in an orderly way. How meticulous was the planning for the Trump administration declared May 1st withdrawal. Well, thank you, Congressman, uh, inherited a deadline. We did not inherit a plan. You're a liar. Caroline

Trump Administration Brad Sherman Donald Trump Afghanistan Joe Biden Kabul Caroline
"brad sherman" Discussed on What Bitcoin Did

What Bitcoin Did

02:46 min | 1 year ago

"brad sherman" Discussed on What Bitcoin Did

"Actually one specifically park luis. Actually bitcoin is is a very kind of texan idea. two the. Dan held about very almost republican idea in that Really this expansion of the credit money printer That's going to really affect people Especially if we see much higher levels. Inflation and politicians are there to protect the after their constituents. That's the mental. Be there to support the voters and it always feels like the republican states. Do that a bit more at an individual level rather collectively and so if they're real high signs of inflation coming in people want to use bitcoin. Is that hedge. It does feel like the republicans days are the one to naturally fight back and say like. We're going to be sworn in bitcoin because this is wall. Constituents are asking for parker lewis. Had like an an excellent tweet. I think it was yesterday or today. Maybe he was like liberals will love bitcoin when they realize what it means for low income families. Democrats will hate it. Conservatives will love bitcoin when they realized what it means for for bouncing the budget. republicans will hate it. And it's like so true. I mean like the kind of the the parasites on the system You know knocking anyone particular. But you'd probably name a few They hate bitcoin and they're gonna hate bitcoin. And if they haven't realized like what it means like like. Brad sherman for instance right. Like he's like two years ago. He was beating the drum. He's like we need to ban bitcoin. It's it's a threat to the dollar in our reserve currency status and and like have people like colligan this old crank but like terms right you know like it is a threat and anybody that like you know i think michael sailors like no no. No no no no. It's not a threat like don't worry guys like michael. Michael sailer is a smart guy like he knows what he's doing. Obviously but i think there is. There is some merit to kind of downplaying it but at the same time like they're just this this reality that that bitcoin is a threat dollar hegemony. Bitcoin is a threat to what congress has been doing for the last fifty years. And you know there's certain people that will you know. Throw the throw everything they got it stopping it so yeah salas interesting at the moment. Like tricky one. Because he's he's walking this fine line between wanting to be like bitcoin. Supporting the cy bonus as he he's referring to while at the same time trying to divert that threat of regulation or in some ways signaling that he supports cernan amounts of regulation if it feels like like. Let's let's put a sticking-plaster over this this by ourselves. More time.

parker lewis michael sailors Dan Brad sherman Michael sailer colligan Bitcoin michael salas congress cernan
"brad sherman" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

03:01 min | 1 year ago

"brad sherman" Discussed on Heartland Newsfeed Radio Network

"Joking must have a real hit with the ladies. Is that a pickup is often. It's wife it it never works. I would think i would think women would laugh at it. At least they'd That's that's what happened in this case so but anyway this article Millions of americans have bought into forms of digital decentralized money known as crypto currency valley. It's privacy and independence from government meddling naturally politicians in washington to rain on the parade and shut down. The new fangled currencies like bitcoin theory that are beyond their control. That's right beyond their control. It's beyond their control. Gosh down one of the biggest opponents of crypto currency in washington is congressman. Brad sherman to first. Name's brad sherman. A california democrat who has in the past called for cryptos to be banned at a wednesday hearing for the house committee on financial services. Sherman harshly criticized crypto currency and renewed his calls for its prohibition crypto currency is something you can bet on but if people want to have the animal spirits to take risks i'd prefer them to invest in equity markets to support the building of american companies or the california lottery to support the schools in my state. You know he's referring to canes right. The kane said interest rates for the hall before. I missed quote. Keynes but i know the animal spirits are is one of his sayings or the. It keen the same guy. Canes qian's gains keynesian economics as opposed to austrian economics opposed to austrian the school. I'm from but Anyway continue i apologize. But that's okay. Did you make your point though. I think i did. The spirits is a key or keynes keynesian phraseology. So they said.

Brad sherman washington house committee on financial s california Sherman Canes qian kane Keynes
"brad sherman" Discussed on Never Not Funny

Never Not Funny

01:51 min | 1 year ago

"brad sherman" Discussed on Never Not Funny

"Lauren. Now it can anymore. She's got Are you quickly now quickly. Now he's been he's he is interviewed on television. Said you don't tell us just famous for being famous. No he's famous then he's not famous. That's what i said. He started celebrity. It's a local celebrity. I thought you would have got it right away. I really brought this up for humor. It the guy from six flags dance with the ball head boy. Do i wish it was the way you though i will tell you here. Here's in. This gentleman is bald okay. He has what. I call clown hair. He's got the the band monk. Yeah you got the monk. The low you for star wars fans. There's this this will be more disappointing than let them on. This will be the most disappointing sub deciding in history. We knew that going in though is it. Somebody who's known for advertising no mascot of some known no he somehow associated with the valley though that that's he's associated with the valley. But but you. But he's not at the national level. You're leaving one huge job. Things a cartoon character. Yes woody woodpecker's no losses hair. Must've been one of those gags. Where like a lawnmower radio guy. He's not radio guy. We covered broadcasting entertainment. He's not a professional politician politician. Oh learn ash. Canadian comes in. He's balding politician from the valley. Matt wait is it sherman. The pressure brad sherman. Look.

Lauren woody woodpecker Matt sherman brad sherman
"brad sherman" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

01:56 min | 1 year ago

"brad sherman" Discussed on CoinDesk Podcast Network

"Crypto frenzy lead to financial independence and early retirement or financial ruin. I give you the rundown of some of the themes that were likely to be on display one of the most interesting questions of were there new. Systemic risks created by crypto market volatility as more hedge funds and other traditional financial actors. Got involved still. I do think it was notable that the expert witnesses congress chose were generally pro innovation and pro crypto. There was one who is most vocal about concerns about systemic risk. But her complaint was at least as much about hedge fund opacity as it was about crypto volatility. But what about the questions from congressional members did we glean anything new to be frank. There was a lot of the same old. Same old brad sherman to the surprise of exactly. No one still hates crypto. His hot take. This time was that he'd prefer people to bet on the california lottery then. Invest in crypto quote crypto currency is something you can bet on but if people want to have the animal spirits to take risks. I prefer them to invest in equity markets to support the building of american companies or the california lottery to support the schools in my state crypto currencies or highly volatile. So if one person makes a million dollars nine lose one hundred thousand coin based makes money the millionaire goes on tv and says how wonderful it is. Nine others do not retire indignity. This theme of retirement actually came up a fair amount is there an epidemic of retirees. Losing money in crypto that. I haven't heard about bridge clubs. Converting to leverage coin trading associations. Now in two thousand seventeen there was some shit ladyship where korean pensioners were suckered into buying ice ios and things like that. That's completely despicable for the record. But this cycle. I haven't seen anything even sort of like that anyway. Back to the sherman later. He left no questions to his feelings when he ended with. This statement cryptocurrencies. Have the political support of the patriotic anarchists who rooting for tax evasion. I hope we shut it down. Truly sherman's opposition is nothing new and i will only add a tiny bit.

brad sherman california congress frank sherman
"brad sherman" Discussed on 790 KABC

790 KABC

03:54 min | 1 year ago

"brad sherman" Discussed on 790 KABC

"Helicopters. Which means they ignored. It s to 99% with helicopters and as a A. I believe that if this toss system and had been on Kobe's helicopter that We'd be, uh We'd be tired seeing him today. And so then he would have enjoyed the Lakers winning the championship. Absolutely. It would have been there. Uh, s o. I think that you know, Vanessa has endorsed our bill. Ah, Vanessa Bryant, and, uh, uh, to to require the implementation is the recommendation. We're up against two things. First. Everybody's focused on Cove it and all these other things. In his second We're up against the helicopter industry fighting this tooth and nail, so we'll try to get it passed. Um, I'm hopeful second half of this year, not his hopeful the first half. I'm sure you have a lot of public support for that. Really quickly. You say you're up against a lot of things. You're also up against the media coverage of the impeachment. I know it's a long topic, and we won't talk about foreign affairs after the break, But in a quick moment, tell us your thoughts on how the impeachment of the president in the Senate is affecting some of these measures that you're talking about that are important to a lot of other people. I The impeachment isn't taking up any of the house time. I mean, we have half a dozen or so members who are focused on it, but we're 435. Member organization. Um, the Senate will take some time. Um I think the outcome is a foregone conclusion. Rather 45 Republican senators will not vote to convict but it does serve a necessary function. After the capital was invaded, that we've done what we can do to hold people to hold the president give former president accountable but isn't there other means to do that? But Really? Um I mean, one could imagine criminal charges. I doubt those will be brought. Um And one eye one could imagine a civil suit. I think that would be even much harder to do. Um Right? So well, I think the impeachment process is the process for this. Um, it we could bar the trump remember running for federal office again. So when you say that the process let me just ask you spread really quickly when you say that the process is the proper one eyes that Impliedly, saying that it's constitutional Oh, yeah. Isa Matter of fact, there was another instance in our country where a sect a corrupt the Secretary of war was impeached, Uh, after he had resigned and the Senate went ahead with the trial now. As it happened. They didn't convicted for the same reason that I don't think Trump will be convicted. And that is it takes a two thirds vote on they did not get a two thirds vote back in the 18 £70. And I know, but but they went ahead with the trial. So it was more of a political thing versus testing the Constitution. Yeah, we have to take quick break. We're going to talk about foreign affairs after the break for a few minutes with Congressman Brad Sherman, You're listening to Kirby's lot right here on talk radio. 7 90 KBC. Hey, 7 90. Talk radio 7 90 K ABC News.

Lakers Senate Vanessa Bryant president Kobe Congressman Brad Sherman ABC News Trump Kirby Secretary
"brad sherman" Discussed on KCRW

KCRW

01:54 min | 2 years ago

"brad sherman" Discussed on KCRW

"A, is on the same page with Butor when it comes to the need to get school staff vaccinated before campus has reopened. But the union has gone further, saying it wants to see transmission rates decrease significantly in the region before in person learning resumes the district and UT L A R and talks about the covert safety protocols that will be in place. One schools do reopen. A year ago. Today, a helicopter went down in Calabasas is killing Lakers Great Kobe Bryant, his daughter, Jonah, and seven other people on board. In the aftermath of the tragedy. There was a campaign to put more safety systems in helicopters. Those efforts stalled. But now the push is gaining steam again As KCRW's Darryl Sanson reports On the eve of the crash anniversary, California Senator Dianne Feinstein and Northridge Congressman Brad Sherman reintroduced the Kobe and Gina Bryant Helicopter Safety Act. It would require helicopters that can carry six or more passengers to be equipped with a terrain Awareness Warning system, or Tawes, which alerts pilots when they're flying into rising topography. Choppers would also have to have flight and voice recorders. The National Transportation Safety Board says it will announce the results of its investigation into the crash next month. Investigators have previously said the pilot appeared to have become disoriented in heavy fog. And that cause might have saved the chopper from crashing into that Calabasas hillside a year ago. The Federal Aviation Administration has declined a request to make Taz mandatory and the aviation industry opposes Feinstein in Sherman's bill, saying the systems are unnecessary and prohibitively expensive. Sherman, though, tells the L a times that he's optimistic about getting the bill passed this year. For KCRW. I'm Darryl Saxman and Southern California Edison will pay more than $2 billion to settle.

Brad Sherman Senator Dianne Feinstein Kobe Bryant Calabasas Darryl Saxman California National Transportation Safety Darryl Sanson Federal Aviation Administratio Butor Jonah Lakers Gina Bryant Congressman Tawes Northridge
"brad sherman" Discussed on KFI AM 640

KFI AM 640

01:41 min | 2 years ago

"brad sherman" Discussed on KFI AM 640

"Yeah, it's horrible. All right. A helicopter safety law inspired by Kobe Bryant and Gina Bryant is getting another chance. Senators Dianne Feinstein and Brad Sherman. For If you're in Northridge that he's your guy in the house, they've reintroduced the Kobe Bryant and John O'Brien Helicopter Safety Act. It would require certain Equipment on all helicopters that carry six or more passengers, warning systems, terrain awareness equipment, and you can go all the way back to 2000 and six and the National Transportation Safety Board said. We recommend that this be a requirement. And why in the and then the FAA Sedna. We're not gonna make it a requirement. So now they're trying to do it through the house election. How much of that was Because of the pressure of the aviation industry, The manufacturing industry pushing, pushing, pushing. Hey, that cost money. We don't like it. That's a very in a cost and it cost a lot of money. I mean, we're not talking $7000 for a transponder. We're talking big dollars for terrain awareness. Okay, let's take a wait. Are you talking with your stocking with Steve Gregory on this at 9 30? It's we are, actually. Yeah. We're going to do a lot. The Yeah. Uh and, well, I'm sorry. I was just looking at what Steve is going to cover. It could be very much this and if you haven't heard his documentary that ran this weekend, the two parts Erie's It doesn't life.

Kobe Bryant Brad Sherman Steve Gregory Gina Bryant National Transportation Safety Dianne Feinstein FAA Northridge John O'Brien
"brad sherman" Discussed on KPCC

KPCC

03:48 min | 2 years ago

"brad sherman" Discussed on KPCC

"Resumed the tally of state electoral votes of formality and certifying Democrat Joe Biden's presidential victory in November. National Guard troops have come in to help restore order at the capital after police were overrun by trump extremists. Ah young woman died. President elect Joe Biden condemned today's actions at the Capitol, calling for the restoration of quote, simple decency and labeling the assault on the building an insurrection. The president elect also called out President Trump urging him to step up and call for an end to the violence. Trump did issue a statement via social media urging people to return home but also repeated disputed charges of election fraud. Senate Majority Leader Mitch McConnell delivered a searing rebuke of the president tonight following the violent protests of the capital. NPR's Windsor. Johnston. Reports a joint session of Congress has resumed his lawmakers work to formally certify Joe Biden's election victory. In a blistering speech on the Senate floor, McConnell said lawmakers would not be intimidated or kept out of the Senate chamber by thugs, mobs or threats. We will not Belle Lawlessness or intimidation. We are back at our posts. We will discharge our duty under the Constitution. And for our nation. And we're going to do it. Tonight. McConnell added that the voters, the courts and the states have all spoken. The Senate resumed the electoral vote counted just hours after lawmakers were forced to shelter in place as writers breach security and violently clash with police at the Capitol. Windsor Johnston. NPR NEWS Washington Private sector jobs report shows companies shed workers in December for the first time in eight months. Renewed layoffs coming as kroner. Virus infections continue to rise across the U. S. The ADP national employment report showed job losses across the country last month is the Corona virus pandemic worsened. Private sector payrolls decreased by 123,000 on Wall Street. Today, stocks gained ground. The Dow's up 437 points the S and P was up 21 points over the NASDAQ closed down 78 points. This is NPR. And from KPCC News on Nick Roman, with the stories were covering at 704 House Democrat Brad Sherman represents the San Fernando Valley. He served in Congress since 1997. We reached him today as he was sheltering in place, and before the National Guard arrived at the U. S. Capitol. Congressman Sherman says he was surprised that anyone would be able to force their way. Into the house and Senate chambers. Whenever you go through the checkpoints, there are Capitol police with serious firepower, sometimes machine guns, and I never believed that somebody could just rush their way through one of these checkpoints. But the number of demonstrators and their willingness to violate the law was well beyond what the police expected. They did not have enough people. Congressman Brad Sherman. Fellow Democratic congressman Juan Vargas represents parts of San Diego and Imperial counties. He was in his office across the street at the U. S Capitol when the violence began. Vargas describes it is anarchy. He says he told the staff earlier in the day to prepare for the worst as they sheltered in place, not sure of what could be coming. It's unfortunate this is what it's come to. So we, in fact, took everything that we could off the walls that we could defend ourselves with and we're ready to do that, in case we have to Congressman. One Vargas. One more piece of news about a member of Congress Newly sworn in Huntington Beach Republican representative Michele Steele as Justin positive for grown a virus she found out today has felt no symptoms. She says she's in quarantine. She took the oath of office on Sunday. 706 support for NPR comes from NPR stations. Other.

Congressman Brad Sherman Senate Joe Biden NPR Mitch McConnell Juan Vargas president Congress Windsor Johnston National Guard Trump Congressman U. S. Capitol Senate chamber Michele Steele assault Windsor
Trump Welcomes a Senate Impeachment Trial

The Lead with Jake Tapper

08:32 min | 3 years ago

Trump Welcomes a Senate Impeachment Trial

"Welcome to the lead on Jake Tapper. We begin today with the politics. Lead president trump practically daring house. Democrats to impeach him and declaring he welcomes a senate trial across process that could theoretically get underway by Christmas. Now we've now heard and seen twelve witnesses testifying publicly seven hearings over five days while everyone sorting through the testimony. We should note that the most damning evidence came. I'm straight from the Horse's mouths fact. President trump asked the Ukrainian president to investigate the bites. We know this not only because the rough transcript of the July twentieth call of the White House released but because president trump admitted it publicly. Yeah well I would think that if they were honest about it that SORTA major investigation into the Bison is very simple very simple answer indeed and what was the trump administration willing to do to secure secure this investigation into the bites. Were they willing to hold off a White House meeting which Presidents Alinsky desperately wanted to show US support to his public look into Putin. Well here's US ambassador to the EU. Gordon Zahn want. I know that members of this committee frequently frame. These complicated issues in the form of a simple question was there a quid pro quo as I testified previously with regard to the requested White House call and the White House meeting. The answer is yes. Yes silent says no question it was a quid pro quo. Hey Ukraine you want the White House meeting you need to announce these investigations. Okay now. What about that four hundred million dollars in USA? That Ukraine crane also desperately wanted well acting White House Chief-of-staff Mick Mulvaney explained why that was held up. He said so on camera now. He said he did so. So the president because the president wanted an investigation into Ukraine's role in the two thousand sixteen election. The look back to what happened happened in two thousand sixteen certainly was part of the thing that he was worried about in corruption with that nation. That is absolutely yup is a quid. Pro for funding will not flow unless the investigation into into Democratic Server. Happened as well. We do that all the time with with foreign policy and I have news for everybody get over it. There's going to be political influence in foreign policy. So yes there was a quid pro quo on the military aid and the other eight four hundred million dollars worth according to Mulvaney now two points on what Mulvaney said there one. He later tried to unseat what he said. And two veins portraying this as trying to get Ukraine to participate in a Justice Department investigation into two thousand sixteen but that is consistently. I'm not what president trump says he wants. President trump wants a look into a debunked conspiracy theory about Ukraine and the DNC server that US intelligence officials say was hacked by Russia not by Ukraine. Now this is just a fraction of the public evidence though these are facts seldom even acknowledged by the president's defenders. Facts are on our side. The facts are not facts are on the side. The truth is on the president's side the truth truth is the president of the United States by his own. Admission asked the foreign power to launch a major investigation into his political rival. Joe Biden his son and into a debunked conspiracy theory. These are investigations. That would help president trump politically and according to the president's own aides. The president used used a White House meeting and four hundred million taxpayer dollars to get Ukraine to do it now. You can debate whether or not it's criminal. You can debate whether or not it's impeachable impeachable. But you cannot debate whether or not those are the facts a CNN. Sara Murray reports Democrats are preparing to move forward with articles of impeachment. The president trump says bring it on. He's ready for an impeachment trial in the Senate Brinkley. I want to try. The Republican Party party has never been more unified Republican. Lawmakers have been working with the White House to prepare for a possible Senate trial coalescing around the notion that a long exhaustive Austin process may be the best course to protect the president. But I the house will have its say the house. Intelligence Committee and two other panels are crafting a report to serve but as the basis for articles of impeachment. Have the house. Judiciary Committee will consider after Thanksgiving. We have to decide. What does it mean and once we conclude our investigation If we decide that it means that the president should be held accountable. Democratic sources say a busy December is a head filled with public hearings and a likely vote in the House Judiciary Committee before before a full vote to impeach on the House floor which could come before Christmas Day. Potentially making trump the third president in history to be impeached. The House Democrats don't plan to wait for firsthand. Witnesses who have resisted testifying like acting chief of Staff Mick Mulvaney Secretary of state. Mike Pompeo and former national national security adviser John Bolton they keep taking it to court and a no. We're not going to wait until the courts decide that might be information. That's available to the Senate. We can't wait for that because again. It's a technique it's obstruction of justice. Then in January. The impeachment battle is expected addition to the Senate where trump's fate will collide with six Democratic senators looking to unseat him in the next presidential election. I will be there for the trial you swear or but after weeks of hearings impassioned arguments from Democrats. This president believes he is above the law beyond accountability. And in in my view there is nothing more dangerous than unethical president. WHO believes there are above the law? Even Republican has been critical of trump. Don't appear convinced impeachment. It is the remedy an impeachable offense should be compelling overwhelmingly clear and unambiguous. I've not heard evidence proving. The President committed bribery or extortion. Now the White House legal team believes that is one hundred percent in the president's interest to have this public trial in the Senate. Jake it seems like we will soon find out if they are right all right Sarah Murray. Let's discuss with our team here today. Let me start with you because we heard from one democratic more credit congressman Brad Sherman today. Who said that in his? You wouldn't hurt to get more information so I guess the question is do you think. Democrats have made sufficient efficient case. Should they. I mean this idea that they're not gonNA wait for the courts they're not gonNA take too long etc those. Those are not arguments about the substance of of the evidence. Those are arguments about timing and politics show. Should they keep going well. I mean first of all timing and politics do matter so I think that that is something they have to take into consideration. I think think they made a case for anybody who wants to actually look at the case honestly and take the information honestly. I think they made an absolutely airtight case. You know the president it has done something. That's impeachable the Republicans don't want to absorb that information and I actually don't think it would make any difference whether it was John. Paul Moulton was up there overdue. Where did you Liana if there was some how able to even get these people to testify? There is nothing I just really can't think of anything that would make the Republicans change their mind because what has been demonstrated over. The last week is so horrifying and so clear and they can still sit there and say well it's inappropriate. It's so far beyond inappropriate. Every argument that they've made has been completely destroyed so they came out and made all these defenses. That one by one were knocked down They're laugh with no defenses. It's up to just say well it's bad but it's not impeachable. So the argument that she's making here is basically the house. Republicans and Senate Republicans are just not good faith. Operators there's there's no evidence it's going to convince them even if president trump literally were to shoot somebody on fifth avenue and everybody saw it. Yeah that may be true. But I think there's a gap that gives Republicans particularly in the Senate the opening if House Democrats want to make the charge of bribery or extortion. However you put it you need to prove that

President Trump White House Senate Ukraine Mick Mulvaney Jake Tapper United States House Judiciary Committee Senate Brinkley Gordon Zahn John Bolton CNN Sara Murray Bribery Joe Biden Republican Party Party
House Passes Resolution Recognizing Armenian Genocide

All Things Considered

01:04 min | 3 years ago

House Passes Resolution Recognizing Armenian Genocide

"Okay in the house also approved a second measure today aimed at rebuking Turkey that resolution recognizing the Armenian genocide why is that significant so will the economic sanctions could sting if signed into law there was this symbolic rebuke as well an overwhelming vote of four hundred five to eleven to recognize the Armenian genocide this is been a big priority of Armenian American advocacy groups and they've argued that that the United States needs to recognize the deaths of an estimated one point five million Armenians from nineteen fifty teen the nineteen twenty three they were systematically killed in the Ottoman Empire which is now modern day Turkey accomplishment Brad Sherman has been an advocate for this resolution for more than twenty years we should recognize that genocide again and again long ago but we didn't because we were told that we had a great alliance with Turkey previous administrations have prevented movement on this in part due to fierce opposition from the Turkish government but it's now called because so many in Congress feel like the relationship with Turkey has

Turkey United States Brad Sherman Turkish Government Congress Twenty Years
House Passes Resolution Recognizing Armenian Genocide

All Things Considered

01:48 min | 3 years ago

House Passes Resolution Recognizing Armenian Genocide

"Okay in the house also approved a second measure today aimed at rebuking Turkey that resolution recognizing the Armenian genocide why is that significant so will the economic sanctions could sting if signed into law there was this symbolic rebuke as well an overwhelming vote of four hundred five to eleven to recognize the Armenian genocide this is been a big priority of Armenian American advocacy groups and they've argued that that the United States needs to recognize the deaths of an estimated one point five million Armenians from nineteen eighteen to nineteen twenty three they were systematically killed in the Ottoman Empire which is now modern day Turkey accomplishment Brad Sherman has been an advocate for this resolution for more than twenty years we should recognize that genocide again and again long ago but we didn't because we were told that we had a great alliance with Turkey previous administrations have prevented movement on this in part due to fierce opposition from the Turkish government but it's now called because so many in Congress feel like the relationship with Turkey has degraded are either these measures gonna go anywhere in the Senate you know that's an interesting question it faces a skeptical Mitch McConnell as Majority Leader McConnell essentially gets to decide whether gets a vote a congressman McCall he's the top Republican on the house foreign affairs committee he says he's been in constant communication with the White House and his counterparts in the Senate he's confident they can come to an agreement they'll go through the Senate and I I I feel very strongly the president will sign it the president has actually lifted sanctions on Turkey as part of the administration's efforts to broker a cease fire in Syria so it will be a heavy lift to convince the president to sign and the White House hasn't weighed in on this houseboat but the Senate will get a classified briefing to more about serious so we'll be hearing more about it soon no

Turkey United States Brad Sherman Turkish Government Congress Senate Mitch Mcconnell Mccall White House President Trump Syria Congressman Twenty Years
House Passes Resolution Recognizing Armenian Genocide

All Things Considered

01:48 min | 3 years ago

House Passes Resolution Recognizing Armenian Genocide

"Okay in the house also approved a second measure today aimed at rebuking Turkey that resolution recognizing the Armenian genocide why is that significant so will the economic sanctions could sting if signed into law there was this symbolic rebuke as well an overwhelming vote of four hundred five to eleven to recognize the Armenian genocide this is been a big priority of Armenian American advocacy groups and they've argued that that the United States needs to recognize the deaths of an estimated one point five million Armenians from nineteen teen the nineteen twenty three they were systematically killed in the Ottoman Empire which is now modern day Turkey accomplishment Brad Sherman has been an advocate for this resolution for more than twenty years we should recognize that genocide again and again long ago but we didn't because we were told that we had a great alliance with Turkey previous administrations have prevented movement on this in part due to fierce opposition from the Turkish government but it's now called because so many in Congress feel like the relationship with Turkey has degraded are either these measures gonna go anywhere in the Senate you know that's an interesting question it faces a skeptical Mitch McConnell as Majority Leader McConnell essentially gets to decide whether gets a vote a congressman McCall he's the top Republican on the house foreign affairs committee he says he's been in constant communication with the White House and his counterparts in the Senate he's confident they can come to an agreement they'll go through the Senate and then I I I feel very strongly the president will sign it the president has actually lifted sanctions on Turkey as part of the administration's efforts to broker a cease fire in Syria so it will be a heavy lift to convince the president to sign and the White House hasn't weighed in on this how to vote but the Senate will get a classified briefing to more about serious so we'll be hearing more about it soon

Turkey United States Brad Sherman Turkish Government Congress Senate Mitch Mcconnell Mccall White House President Trump Syria Congressman Twenty Years
Kamala Harris defends Rashida Tlaib's controversial remark about Trump: 'She's not the first nor will she be the last elected person to curse in public'

Erin Burnett OutFront

03:09 min | 4 years ago

Kamala Harris defends Rashida Tlaib's controversial remark about Trump: 'She's not the first nor will she be the last elected person to curse in public'

"New tonight democratic Senator and rumored twenty twenty candidate Kamala Harris, defending freshman congresswoman proceeded to leave for using an expletive to describe President Trump while valley to impeach him. Here Senator Harris, honestly, the my candid response is that she is not the first normal. She'd be the last elected person to curse in public. Now, you know, and my response to applause, and here's exactly what congresswoman to leave said just hours after being sworn in. And when your son looks at June says mobile, look, you one bullies don't win. Maybe they don't because we're going to go on there going to be some other. Front now for her first national primetime interview, the democratic congresswoman from Michigan Rashida to leave and congresswoman thank you so much you're being with me. I know you've got votes. I mean, look it's been nearly a week since you made those remarks, are you surprised it is still being talked about so much very much. So I can tell you, you know, I'm very unapologetically me. And I know people back home that have represented for six years in the state legislature in Michigan are kind of used to my real nece used to this passion that I have. And I know for many people it did did get the best of me at that moment, and for many people might have been very much distraction. And that's what I'm really wanting to get this hump over. It is to start talking about the Trump shutdown and how critically important it is for us to be able to get our government back up and running because of the huge human impact in the toll that it's taken on our residents back home. So when you know when other Democrats have come out, obviously. Criticized you for this. Right. It's not just been Republicans. And it certainly just hasn't been men. You know that right? I mean, you know, here's a few of them. Listen slot. Can you know, your fellow new congresswoman from from your state spoke out yesterday? Here's a few. I just can't support that kind of language. I think we're trying to set an example for our kids. Just awful into speak like that. It's even more deplorable. I don't really like that kind of language. I think that the office of the presidency should be treated with respect. It's not something. I would say. Brad Sherman there at the end congresswoman is is obviously he's introduced articles of impeachment. Right. So he agrees completely with your sentiment. You know, I guess what? I'm trying to understand. And I know it's gotta be hard. Right. 'cause you're saying you're up in the moment. But do you do you feel like the right word to say is I'm sorry. I wish I hadn't said it. I don't like the guy. But I wish I hadn't I sorry. Or is it is it fair to say, you don't really feel comfortable going that far. Now. I mean, what what I wanna do is not allow women like myself that have every right to be angry and upset and mad and to curse that somehow. They're not allowed to do it in some sort of public forum. I can tell you this what I completely. Very much. Don't like is that it did become a distraction for me made a been, you know, at this heat of moment, or whatever. But I gotta tell you. It's like we're right now, we're in the middle of.

Senator Harris Michigan Rashida Senator Brad Sherman President Trump Six Years