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A highlight from 1406: Bitcoin Will Hit $4 Million, Rising 100x - Peter Thiel
"In today's show, we'll be discussing Bitcoin Bollinger Bands hitting a key zone as Bitcoin price fights for $27 ,000. In breaking news just in, Bitcoin hash rate hits a new all -time high. Let's go. And quoting Stacey Herbert, Bitcoin is pumping on the news of President Bukele's speech to the UN tonight. Can't wait. We'll also be discussing Bitcoin Adoption Fund launched by Japan's $500 billion Nomura Bank. That's right. The Bitcoin Adoption Fund will have long -only exposure to Bitcoin and be available to institutional investors. We'll also be sharing Sam Bankman, Fried's father, dragged his mother into an FTX US salary dispute. You can't make this stuff up, folks. Also in today's show, Bitcoin gearing up for a post -having parabola, according to crypto analysts. I'll be sharing his very bullish all -time high target. We'll also be discussing crypto asset market cap should explode 5 to 10x during the next bull cycle, according to investor Raoul Pal. I'll also be sharing Peter Thiel's $4 million Bitcoin price prediction, and we'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1406. I'm your host JV. And today is September 19th, 2023. We have lots to cover as usual. Massive shout out to everyone today in the live chat. Please let me know where you're tuning in from. And at the end of the show, I'm going to be reading everyone's comments out loud. Let's kick off today's show with our market watch as we do each and every day, the entire crypto market back in the green with Bitcoin back above $27 ,100 and checking out coinmarketcap .com, the current crypto market cap on the climb at $1 .08 trillion with roughly $27 billion in volume for the past 24 hours, Bitcoin dominance at 49 .2 % and the Ether dominance at 18 .4%. And checking out the top 100 crypto gainers of the past 24 hours, we have TonCoin leading the pack up 5%, trading at $2 .57, followed by GMX up about 5%, trading just under 36 bucks, followed by Conflux up 4%, trading at $0 .12. And checking out the top 100 crypto gainers of the past week, virtually 95 out of the top 100 cryptos are in the green. Some of the top gainers include GMX, GRT, as well as CRV and NEO. And checking out the crypto greed and fear index, we're currently rated at 46 in fear, same as 37 in fear. So there you have it. How many of you are pretty stoked for this most recent pump? And how many of you agree with Stacey Herbert that this pump is due to Bukele's speech scheduled for this evening? Let me know, fam. And now let's dive into today's Bitcoin technical analysis. Check out the charts and what's popping with the king crypto. Bitcoin could see fresh upside volatility as the price action and the strength revisits a key level according to a classic metric. In a new post, John Bollinger, creator of the Bollinger Bands volatility indicator, says Bitcoin was positioned for a breakout decision. That's right. After hitting new September highs the day prior, Bitcoin has been challenging resistance levels out of reach since mid -August, according to data from Cointelegraph and TradingView. Now for Bollinger, the signs for Bitcoin are encouraging. Bollinger Bands use a standard deviation around the simple moving average to determine both the likely price ranges and volatility. And as Michael Saylor once said, volatility equals life force. Now, currently Bitcoin is putting in daily candles that touch the upper band. And when this happens, it can signal an imminent reversal back to the center band, or conversely, an inbound fit of upside volatility. Now narrow Bollinger Bands seen on Bitcoin recently lend weight to hopes that the latter scenario will now play out, quitting him here. And then there is the first tag of the upper Bollinger Band. After the new set of controlling bars were established at the lower band, he commented alongside this chart, the question is now, can we walk up to the upper band or is it too early to answer? What are your thoughts, chat? Let me know in the comments below. Now Bollinger characterizes the current mood among seasoned Bitcoin traders and analysts on the short -term timeframes. Despite the strength seen this week, caution abounds as various trend lines previously acting as support remain above the spot price. Now discussing the situation, we had on -chain monitoring resource, material indicators share the following. We have heavy technical resistance overhead at the key moving averages and support at the lower low. It is quite possible that we round trip the range. And with any luck, we'll see a legit test of the RS levels that will give us some clarity on where Bitcoin goes from here before the end of the week. And they also shared here in update number two, as noted earlier, it appears the Bitcoin bulls are gaining some momentum, but things are not always as they seem and goes on to share that sometime after last night's candle and close open, we've seen a new trend precognition signal develop on the daily chart and it seems to be bullish. I mean, we are breaking out. We are above 27 ,000. So let's freaking go. And also more strong foundation on the technicals. You can see Bitcoin hits yet another all -time high, which virtually means the network has never been this strong and this secure. Now I'm pretty stoked to tune into President Bukele's speech to the UN this evening. What do you think he has to share besides? I told you so. Let me know, fam. And again, welcome to everyone just joining us for the live show. Lots to continue to cover. So let's continue breaking it down. Next, let's discuss this adoption fund, which is a pretty big deal coming out of Japan. Let's go check this out. Japan's largest investment bank, Numura's digital asset subsidiary, Laser Digital Asset Management, launched the Bitcoin adoption fund specifically for the institutional investors. Bring it. The official announcement noted the Bitcoin -based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce. Now Numura is a Japanese financial giant with over $500 billion worth of assets, which basically that's half a trillion, baby, offers brokerage services to leading institutional investors. The Bitcoin fund launched by its digital asset arm will now offer investors direct exposure to BTC. The Laser Digital Bitcoin Adoption Fund offers long key exposure to Bitcoin. The financial giant has chosen Kamanu as its regulated custody partner. The Bitcoin fund is a portion of Laser Digital Fund's segregated portfolio company that has been registered as a mutual fund in accordance with the Cayman Islands regulatory authority. Now, Laser Digital Asset Management head Sebastian said the Bitcoin is one of the enablers of this long -lasting transformational change and long -term exposure to Bitcoin offers a solution for the investors to capture this macro trend. Now, the Bitcoin adoption fund might be the first of its kind launched by Numura and the digital asset arm, but the Japanese investment banking giant has been investing in the digital asset ecosystem for quite some time already. In fact, September of last year, the firm launched its digital asset venture capital arm to stay at the forefront of digital innovation. And also won Dubai's virtual asset regulatory authority license to operate in the country. The long -only Bitcoin adoption fund for investors in Japan comes amid a growing discussion around Bitcoin -based investment products from regulated and mainstream financial giants. The United States SEC approved two Bitcoin ETFs, even though there is a delayed decision specifically on the spot. Bitcoin ETFs. What's up with that, Mr. Gensler? Just saying. And apart from the US, Canada and focused investment products over the past couple of years. So there you have it, mass adoption, let's freaking go, especially on the institutional level. How many of you are in Japan? I know we have some in our audience out there. Let me know. And have you ever heard of this company before? Any plans in investing through them? Let me know how you guys feel. And now let's break down the latest. It gets more surprising and shocking every day with what all is going on with Bankman -Fried and FTX. Now his parents are involved. His parents are being sued by FTX. And it's just a nightmare of a mess, to say the least. So let's break down this latest story regarding SBF. Now, Joseph Bankman, the father of the former FTX CEO, Sam Bankman -Fried, complained to his son about the salary he was receiving during his employment at FTX US, turning the issue into a family matter. In a September 18 filing with the US Bankruptcy Court for the District of Delaware, FTX debtors filed a complaint against Bankman and Barbara Fried, alleging that SBF's parents misappropriated millions of dollars through their involvement in the exchange's business. And according to the court documents, Bankman's contract with FTX US should have provided a $200 ,000 annual salary following a leave of absence from the Stanford Law School in December 2021. However, Bankman seemed to express ignorance about the terms of the contract, claiming to both FTX US and his son that he was expecting a $1 million annual salary. What about all that property in the Bahamas, fam? What about all that? Hundreds of millions worth of properties? Just wanted to throw that out there. The complaint states that Bankman was putting Barbara on this, suggesting that SBF's mother may have been able to persuade her son to follow through with the salary change. Things get even more interesting. So according to the complaint, Bankman's influence paid off, with SBF later providing his parents $10 million from Alameda Research. Can you talk about commingling? A 16 .4 million property in the Bahamas, funded by FTX Trading, the ability to expense roughly $90 ,000 to FTX Trading on the island nation in the Bahamas, and options to purchase company stock. Now, when reached out to the legal team representing Bankman and Fried, but did not receive a response at the time, unfortunately, the legal action brought by the debtors was the latest in the bankruptcy case involving FTX and many of its subsidiaries filed in November of last year. Bankman Fried also faces 12 criminal charges to be spread across two trials, starting in October of 2023, which is right around the corner, fam, and March of 2024, right before the halving, scheduled for April of next year. And since the federal judge revoked his bail in August, Bankman Fried has been largely confined to the Metropolitan Detention Center in Brooklyn. Where's Brooklyn at? Before the start of his October trial, then on September 19th, a three -judge panel heard an appeal from SPF's legal team requesting the former FTX CEO to be released from jail in order to prepare for the trial, citing the lack of internet access and first amendment issues. All I got to say is this, I mean, how many people realistically have access to the internet in jail? Why should he? Million dollar question right there. But what are your thoughts, fam? How do you think this is likely to play out? And do you think that Bankman Fried's parents are just as guilty as SPF himself with the commingling and the fraud of going up north of $30 billion, making it the biggest scam in history that we're aware of? Hence why we call him Mini Madoff, because he made off with billions of dollars worth of investors' money, and Gary Gensler and the SEC was protecting him behind closed doors. So it's going to be very interesting to see how all this is likely to play out. Now let's discuss post halving. We all know there is a halving scheduled roughly six months out. We all know post halving, the price action is most likely going to reach a new all -time high and enter price discovery mode. Well, this analyst shares a very intriguing target. So let's break this down, shall we? And welcome to y 'all just joining us. Say hello in that live chat. Let me know where you're tuning in from. I stream live here seven days a week from Puerto Rico. Synonymous analyst Rhett Capital tells his followers on X that Bitcoin can rally above $80 per ,000 coin in the months following next month's event. For the halving, send it. Let's go. The Bitcoin halving cuts the Bitcoin miners' rewards in half, as we all know, expected to take place in April of next year. And while Rhett Capital is a long -term bull on Bitcoin, he notes that it is possible for Bitcoin to continue its downtrend before the halving, putting him here. Hang in there and make the most of any deeper downside in this pre halving period. You won't see the post halving parabola in the outlines here in this chart. It shows you in the yellow, the pre halving period, then in the pink, the post halving resistance, and then in the green, you can see the post halving parabola when we hit those new all -time highs. Now, Rhett notes that Bitcoin may repeat its 2019 bear market cycle when it traded within a triangle pattern before breaking out and starting off the bull market, as he shares here, if Bitcoin continues to form lower highs, could Bitcoin fill the CME, which is the Chicago Mercantile Exchange gap, at $20 ,000 later this year or in early 2024? So it makes a good point. There is currently a gap sitting at that $20 ,000 psychological level. And he continues, if so, the possible path could be consolidation to the apex of the black triangle before finally breaking out to close the halving. And you can see that triangle right here in this chart. Now, looking at the chart, he seemed to suggest that Bitcoin will confirm the triangle breakout in April of 2024, followed by a rally towards his long -term target. Now, let me know your thoughts, chat. How many of you agree that Bitcoin is likely to break out to a new all -time high, entering price discovery mode in 2024, the year of the halving? Let me know. And what are some of your targets? I'd also like to point out that the Stock the Flow model and Plan B, creator of that model, he suggests a $100 to $1 million range price for the King Crypto post halving. We also have some very other bullish predictions, which I cover on a daily basis here on the channel. But I'd love to know your personal prediction. I think we reached the cycle peak personally sometime in 2025, but I think 2024, we enter that price discovery mode. But I'd love to know your thoughts and your opinions in the comments right down below. And now let's break down our next story of the day and discuss the latest from the macro guru, Raoul Pal, who is suggesting that the Bitcoin market cap and crypto market cap as a whole does something between 5 and 10x for this upcoming bull cycle. Now, you do the math. We have a crypto market cap right now. I'm going to ballpark it at a trillion. We have a Bitcoin market cap. I'm going to ballpark it at a half a trillion, which is 500 billion. So hypothetically, if we were to 10x Bitcoin in and of itself, we're talking about a 5 trillion dollar Bitcoin market cap, which would be half the current market cap of gold. Now, with the entire crypto market cap, we can potentially hit 10 trillion. Now, also note, back in November of 2021, when we hit that all time high of 69 ,000 in November of last year, the total crypto market cap was just north of that 3 trillion dollar market cap. So he's so let's break this down and shout out to Raoul Pal. Here we go. Former Goldman Sachs executive Raoul Pal says the next bull cycle can bring an explosion in the market cap of all of the digital assets. That's right. In a new interview with Altcoin Daily, the macro expert says he expects a huge increase in the adoption of digital assets, and that can cause the total market cap of crypto to skyrocket as much as 900 % from its current value during the next bull market. Quoting the analysts here, obviously, I think we'll go well through new all time highs. I think the whole ecosystem of crypto will go from 425 million users where we're at today. And I think at the end of this cycle, there'll be a billion users by that kind of use cases in which we have talked about. And let's not forget, we have got central bank digital currencies that are known as CBDCs and stable coins. There is a lot going on still. So if this entire space is going to grow 2 .5 X in the number of users, well, the market cap of the entire space is five or 10 X. Send it. Let's go. Pal also says he is closely watching development of layer two Altcoin projects for new use cases, which could boost the value of their individual market cap, quitting him again. And then let's see how people value layer twos in this. We don't really know how layer twos accrue much value. Do we have to have a massive amount of transactions in which case then you need stuff like Ticketmaster with millions and millions and millions of transactions to drive value to those chains because they batched them and batched them down to Ethereum. So there you have it. And to watch this interview, he did Raul Pal, the macro guru with Altcoin Daily entitled best cryptocurrency investing strategy into 2024. Check the show notes, blow the video in the description and let me know your thoughts on his personal prediction. Do you feel post having that the market cap for the entire crypto market can likely 10 X from the current valuation along with Bitcoin surging 10 X to roughly a five trillion market cap? And hypothetically, if the macro guru is correct, where do you think that would likely take the Bitcoin price? Well, let's run some hypothetical math. Bitcoin was the 10 X from the current price action of 27 ,000. Well, that's $270 ,000 per coin. Take that. And as we all know, Bitcoin rises like that, the entire crypto market cap would go along for the ride, including the altcoin. So please let me know in the chat, fam, which altcoins, if any, are you most bullish on in the crypto market? And what are your thoughts surrounding Raul Pal being so bullish on Solana? A few months back, I read in an interview he shared that 80 % or more of his portfolio was specifically in an altcoin called Solana. So I'd love to know your thoughts. Obviously, he has a high risk tolerance as I look at that particular cryptocurrency to be very risky, especially with all that went in with the venture capitalists and SPF and FTX exchange pumping that particular all. So I'd love to know how you feel regarding all of that. And with that being shared, fam, now let's discuss Peter Thiel and his $4 million price prediction, as well as rumor has it, and I'll be covering this as well, that he dumps most of his Bitcoin position at the top of the market practically 30 days before the crash. So let's break this down because Peter Thiel was actually one of the keynote speakers at the Miami Conference for Bitcoin. And here's what he had to share as I transcribed his speech, and then we'll discuss him reportedly making $1 .8 billion cashing out on his eight -year bet around the time he was touting these all -time high predictions. So here we go. He says, the enemy's list is a list of people who I think are stopping Bitcoin. He says there is a lot of them. They tend to have nameless, faceless bureaucratic perspectives, which of course is one of the ways they hide. He goes on to share, we are going to try to expose them and realize that this is sort of what we have to fight for Bitcoin to go up, 10x or 100x from here. Now, just FYI, to give you some perspective, at the time he made this prediction on stage at the Bitcoin Miami Conference, Bitcoin was trading at roughly $43 ,000 per coin. So you run the math. 43 ,000 times 100x is over $4 million per Bitcoin. So you know that? Let's continue with what he had to share. The central banks are going bankrupt. We are at the end of the fiat money regime. How many of you agree with that statement? I agree there 100%. The first person on the list is Berkshire Hathaway CEO, Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin. One was rat poison and the other, I don't own any and I never will. I also like to point out now since then, Warren Buffett has much indirect exposure to Bitcoin through Bitcoin mining stock companies and etc. So go figure. If you can't beat them, join them, right? And he goes on. He opined, I think the direct in it. Yeah, and I say also Charlie Munger goes along with him. Now, feel further noted that Buffett has a bias and makes him long on fiat money system and money managers who follow the Berkshire Hathaway executives advice will pretend it's complicated to invest into Bitcoin. I think we call that FUD. Fear, uncertainty and doubt. Now expect nothing less from one of the wealthiest people in the fiat money matrix Ponzi scheme. You know what I mean? So just saying. The next person on the list of Bitcoin's enemies is the one and only JP Morgan Chase CEO, Jamie Dimon, or as Max Kaiser calls him, Jamie the tapeworm. They'll put diamonds picture up with the following quote. I don't call them crypto currencies. I call them crypto tokens because currencies have rules of law behind them, central banks and tax with authorities. Now you guys already know how I feel personally about JP Morgan Chase CEO, Jamie Dimon. So I won't go any deeper there. But anyways, we know he's an enemy of Bitcoin and always has been. The next picture he put up was of the BlackRock CEO, Larry Fink, with the following quote. I see huge opportunities in a digitized crypto blockchain related currency, and that's where I think it is going to go. Now just FYI, Larry Fink is the CEO of the largest asset management firm in the entire world, which owns a large share in virtually all the companies in the S &P 500, and that is BlackRock. They currently have over $10 trillion in assets under management. And for a long time, he was spreading FUD regarding Bitcoin. But guess what? Like I mentioned earlier, if you can't beat them, join them because they just most recently, a few months ago, they submitted their application for a spot Bitcoin ETF, which ultimately means they're going to be introducing this to the institutions which have trillions upon trillions of dollars as there's currently north of $700 trillion in total addressable market, and they want their piece of the Bitcoin pie. So he goes on to share, the PayPal co -founder added that Fink's quote is somewhat representative of the whole genre of Bitcoin attacks that need further context, stating that pro -blockchain is an anti -Bitcoin term, very typically. Feel then brought up the environmental, social, and governance, ESG standards, elaborating the following, the label they have come up with, and perhaps the real enemy is ESG. I think that ESG is just a hate factory. Also like to throw out there, Elon Musk, he stopped taking Bitcoin payments for Tesla, and he says it's because of the FUD regarding this ESG, and we all know it's not more than FUD, and it's already been proven that Bitcoin is more than 50 % clean energy. So the million dollar question, when will the world's supposedly wealthiest man, Elon Musk, when will he start accepting Bitcoin payments again for Tesla? Isn't that a great question, and wouldn't you love to know the answer to that? Maybe you should ask Elon and tag him on X and see what he says. Anyways, feel stressed. You can always ask the question, what's the difference between ESG and the CCP, the Chinese Communist Party? Well, when you think ESG, you should be thinking of CCP per H. Now, he also goes on to share, it is the finance gentocracy that runs the country through whatever silly virtue signaling or hate factory to them, just like ESG, the billionaire concluded. This is what I would call and what you have to think of as a revolutionary youth movement, and we have to just go out from this conference and take over the world. So there you have it, fam. What are your thoughts surrounding Peter Thiel's prediction that we are likely to 100X, and along with his enemies list, as it seems, a lot of the enemies have come around and now have direct exposure to BTC, but it doesn't stop there because around that time he was making this $4 million Bitcoin price prediction. He allegedly dumped most of his position cashing out and with over a billion dollars in profits for his fund. So let's also break this down as this is also very relevant. How many of you were able to watch the speech he gave at that Bitcoin conference? It was epic, to say the least. I recall it now. So here we go. Check it out. Peter Thiel's venture capital firm reportedly made $1 .8 billion closing out its crypto positions around the time when he was an early Bitcoin bull, still predicting the token's price to surge by 100X. And again, from 43 ,000 price action, 100X means over 4 million. Founders Fund had cashed out almost all of its bets on digital assets by March of 2022, according to the Financial Times report that cited people familiar with the matter. But Thiel was still backing Bitcoin, obviously, when he spoke at the crypto conference in Miami the following month. He went on to share where at the end of the fiat money regime, he said, adding that the token's price could increase 100 fold from its level at the time, which was reported at $44 ,000 per coin. That prediction was proven false and as rising interest rates and failures, the high profile firms like Celsius Network, Three Arrows Capital, FTX, Terra Luna dragged the crypto sector into the prolonged bearish winter. Now Bitcoin plummeted by over 60 % in 2022 and was trading at under 17 ,000 by the end of the year. And I believe the bottom currently for the cycle is 15 ,700. How many of you feel that that bottom is in? Let me know, chat. Founders Fund first started pouring money into crypto all the way back in 2014, when Bitcoin was only trading at roughly $750 per coin. So by the time Bitcoin reached its all time high in November of 2021, it had surged 8 ,500 % from that particular level. Not too shabby for a seven year run, wouldn't you say? Now Thiel has a long track record as one of Silicon Valley's most prominent tech investors. He took early stakes in startups, which include Facebook, Elon Musk's SpaceX, and ride hailing app Lyft, and even co -founded PayPal back in 1998. Thiel is also a high profile supporter of the Republican Party and continued to voice his support for Donald Trump since the former president left office in January of 2021. The fund held around two thirds of his portfolio in Bitcoin at one time, but now not has significant exposure to crypto according to FT's sources. So there you have it. Fam, what are your thoughts surrounding his prediction and him cashing out at around that time he was making those all time high predictions of 100X? Let me know, fam. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
For Crypto, The Partisan Ship Has Sailed
"All right Friends, it has been an extremely active couple of days in the politics of Bitcoin and crypto. First of all, Brad Sherman has just been all over the place talking about how we're all sub human tax evaders and how the U.S. should really be asking whether this industry should be allowed to exist at all. Here's a recent clip from him on Bloomberg crypto. There's this fear of missing out that we've got to keep up with other countries. Peru is way ahead of us and cocaine production, China's way ahead of us in Oregon harvesting. We don't need to keep up on those things and we don't need to keep up on crypto. As for protecting U.S. investors, investors know and they certainly know now that when you send your money to The Bahamas or Cayman Islands, you do not have protection, you could lose it all. And the idea that we should tell investors that something's licensed in the United States when it's not only as dangerous for the investors is crypto is, but as harmful to our country as crypto tries to be, I don't see a reason to do that. At the end of the day, though, Brad Sherman is going to shrm. So no surprises there. A bigger deal was on Tuesday, may 9th. The official Biden potus account tweeted, we don't have to guess what maga House Republicans value, they're telling us. Now that quote led to an image which said, we think Congress should cut, tax loopholes that help wealthy crypto investors, 18 billion. Now one kind of enjoyable thing about this was that people use Twitter's new note feature to add some context that they thought people might want to know. Quote, virtual currency is treated as property and general tax principles applicable to property transactions apply to transactions using virtual currency. When investors sell virtual currency, they must pay tax on any capital gain. There is no evidence of loopholes to avoid this. I think that the particular language used here by the presidential account is revealing. First of all, it shows Democrats getting more comfortable lumping crypto in as explicitly a partisan category.
"cayman islands" Discussed on Bloomberg Radio New York
"And U.S. stocks are joining gaines in global risk assets with the S&P 500 pushing above 3900 on speculation the Federal Reserve will be able to slow its pace of rate hikes as inflation shows signs of cooling. We check the markets all day long here on Bloomberg right now the S&P 500 is up 7 tenths of a percent or 27 points at 39 22, the Dow Jones Industrial Average a half percent or a 170 points at 33,801, and the NASDAQ is up 1.2% or a 130 points at 10,699, ten year treasury down 5 30 seconds yell 3.57% that yield on the two year 4.23%. Nymex crude oil aged up 3% of $2 21 cents at $75 98 cents a barrel. Comex gold that's three quarters of a percent or $14 20 cents at 1883 80 announced. The URL one O 7 two two against the dollar, the N one 31.80, and bitcoins at 1.7%, it's at about $17,250, and as a Bloomberg business flash Tom and Paul. A current thanks so much. Greatly appreciate it. Again, a lot of green on the screen that Vic's not giving me much love, 21.56. I need that to come down to more buoyant number. He has seen scandal and crisis really been in the crosshairs of it is the chairman of the securities exchange commission. Arthur levitt joins us now. And this on mister gensler finally stepping up on all that is crypto and starting with what we see at FTX. Arthur, is it your sense? And if you talk directly with the chairman Godzilla, we don't need to hear about that. I mean, unless you want to report for us and break some news. But my basic thing is, is a lot more out here than FTX. Did you look at this as discreet to FTX in this guided screwed up or is it a broader investigation by the SEC? I don't know the answer to that, but I suspect it is a broader investigation. These things rarely narrow down to one firm. It's generally a system which is gone out of whack and doesn't have adequate controls. And that this sure has that smell. When you were at the SEC, I mean, I know, you know, Arthur levitt jetting in January down to the Cayman Islands wouldn't be a surprise, but the SEC, if they're looking at binance, did they go abroad like do they fly into The Bahamas or fly into the Cayman Islands and do investigations? Is that how this works? I'm not aware of any activity such as that. And I certainly don't recall any such trips during my term. But they have their ways of getting at that information. Possibly representatives of the commission go down there, but I'm simply not aware of that as a method. See how he sidestepped that? Sure. Not just first road race. I keep talking about the New York Giants. Exactly. So Arthur, the SCC, you know, obviously they're saying that the FTX raised more than $1.8 billion from equity investors, including 90 U.S. based investors since May 19. I guess one of the questions the SEC has is, what kind of due diligence did you guys did these investors do? And was there fraud on the part of Texan providing information? I guess that's where the SEC would like to spend some time. Those are good questions. I suspect that the latter fraud is going to play a large part in how this rolls out. Clearly, the kind of information available to investors was either not there or was erroneous. I think a little of both is involved in this situation. As a headline, and this is Forbes Javier Paz reporting for Forbes. And I'll just read the headline. And again, this is not covered by Bloomberg. I want you to be careful here. Binance is bleeding assets, $12 billion with a B 12 Everett dirksen $1 billion gone in less than 60 days. Does the size of the money involved in crypto Arthur just lead you to say it's being held up by criminal transaction flows, this is the only place for the bad guys to move money around? No. If that's an easy conclusion to come to, but it's not necessarily true. Whether crypto is regulated adequately is another question and I think it is not yet regulated in a way that investors can feel comfortable about their crypto investments and I think we've got a long way to go in that area. Arthur crypto bulls will say, there doesn't need to be any new regulation. The existing regulations work just fine. And in this particular case, it was just plain vanilla fraud and there's already laws on the books for that, but you think they're still may need to be some unique regulations for this. I guess new asset class? I think both of them, I think that that observation is probably true, but yet I still believe this new asset class hasn't played out in terms of danger for investors. And I think additional study has to be given whether adequate regulation exists or whether we need more. After 11, thank you so much. It's a former chairman, the Securities and Exchange Commission, and of course Bloomberg LP at board members, comments made even more telling given all that's going on in crypto crypto with a launch. I mean, a surge this morning. Exactly. 16 ish trend forever. Lifting out 17,200 rounded up 7. And you got to remember I have to remember that this thing trades 24/7, including the weekend, so you go home and it's 16 and change and come back at 17,200 and you're like, what happened? We've got a lot of Wall Street news and Paul with some real insight on Credit Suisse, but we'll pass on that right now. The basic feeling is Wall Street will work its way out. Manufacturing companies in Ohio will work their way out. Energy companies will work their way out. Paul, how does the few successful and most of the carnage of the entertainment business work their way out? I don't see the path. A lot of investors still don't see the path although I'm looking at The Walt Disney Company up to 8% so far this year, but still
"cayman islands" Discussed on Bloomberg Radio New York
"You so much. Charlie. While Sam bankman freed is on house arrest, his former customers are suing him. Those customers and authorities accusing bankman freed of fraudulently raising $1.8 billion from investors and using those funds to make high risk bets at his hedge fund Alameda research and a little bit to cover some personal expenses too. So what is next for crypto regulation is Congress heads back to work this week. Joining us to discuss is one of those lawmakers heading back to work, Brad Sherman, who had one of the most memorable moments this year in Congress, let's take a listen. My fear is that we'll view Sam bankman freed as just one big snake in a crypto Garden of Eden. The fact is crypto is a garden of snakes. Representative Brad Sherman joins us now representative. Thank you so much for being here. You made your views really crystal clear with that quote. But I wonder, is this a chicken or an egg thing? Could regulation have prevented the bad actor here? I think regulation could have been somewhat helpful, but ultimately when you send your money to Bahamas or Cayman Islands, it's for the purpose of evading U.S. law. I mean, Cayman Islands might have to be a good place to snorkel, but if you choose to bank there or The Bahamas, you're seeking to evade the very laws that would, on the one hand, enforce our tax laws on the other hand, protect investors. Well, you are really focused on protecting investors, of course, in your role with the financial services committee. But some of those investors get a little shaky about legislation because every time Congress discusses it, they lose a little bit more money. The market doesn't like regulation like that. So what is your message to the crypto fans on your position? Look, this is an enterprise which will probably fail. But if it succeeds in its purpose, its purpose is to create a new currency, which will disadvantage the average American. It's purpose is to have a new currency that competes with the dollar by offering one purported advantage. It's right there in the name. Cryptocurrency hidden money. And I don't think we need hidden money. I think we need transparent financial transactions. Well, it's interesting because that you, again, made your positioning very clear, but some of your colleagues on the hill have very differing opinions. I interviewed representative Patrick mchenry on crypto regulation and here is what he had to say about the risks of that regulation. He was taking advantage of a lack of clarity and regulation. We have to understand in the U.S. is that we do have an open digital border. And new products will emerge. And if we don't have a regulatory regime and a rule of law that is enforced around this new technology, we're going to have our consumers fall victim to the worst actors globally. And at the same time not have the innovation developed here at home. I want to dig into his point on innovation. Does the U.S. miss a chance to be a world leader by over regulating crypto? Will lose a chance to be a world leader in hidden money, which is exactly what cryptocurrency means. We lose a chance to help wealthy people evade our tax laws. The chance for people like Sam bankman fried to Jose, our bankruptcy courts. We make it easier for husbands who are planning to leave their wives to hide monies from our family courts. This is what innovation is offering us, and it also offers a chance for people to bet that well. I'm not leaving my wife. I'm not cheating on my taxes, but I want to bet that this becomes such a useful tool that I can sell it to somebody who does want to use it for those purposes and make a profit. Okay, so let's say, let's say that folks in Washington are bought in on your side here that we do need more regulation. I want to point out a scoop from my colleagues here at Bloomberg finding out that Sam bankman had at least four meetings with senior White House officials this year. It was part of his push to influence crypto policy and build connections in Washington before that collapse of his FTX empire. I wonder, do you think that Washington has some work to do to build up credibility in the eyes of the public when it comes to their work regulating crypto? Look, our campaign finance system has been broken for decades. You've got people like Sam bankman fried, but other crypto billionaires spreading their money to lobbyists, but also to political action committees. And super secret political action committees. And there's nothing on the other side. There's no PAC here in Washington trying to push people to enforce our tax laws. Or enforce our anti money laundering laws or our laws, our sanctions laws or our drug laws. And so you've got crypto oligarchs who believe that they can create a useful tool, not just for those who want to bet on whether something goes up or down. But those who will find this to be a useful currency if it ever becomes a currency. Innovating our laws. And in fact, they brag about it. They say, why should the dollar be the reserve currency? Let's displace it. That costs the American families many of the average American family thousands of dollars in benefits. Why should the U.S. be able to enforce sanctions laws? Iran's a good country too. They should be able to if you look at the advocates of cryptocurrency, it is to disempower the American family to feed American law and make billions of dollars doing it. That's not a good product. Well, I know, I know you're really focused on investor protection as part of your work in Congress. I wonder to your point is crypto itself a symptom of a larger, broken banking system. Crypto is not there are crypto promises to be a better payment system next decade. And I think that we'll have better payment systems next decade for U.S. dollars. I mean, Venmo and PayPal are just the beginning. And the idea that local merchants have to pay 3% on a credit card or that you have to write a paper check to get money to a friend or to pay a bill. That's clearly going away. So then can you get the same end goal that crypto lovers talk about so often with transparency, the things that we definitely didn't see with FTX, can you get those same goals through regulation on traditional banking on traditional American markets? I'm confident that we'll get a better payment system. We have an excellent currency. And one of the things that makes it excellent is that it's subject to the know your customer, anti money laundering statutes. If people are able to create a real currency that is not that has big gaps in the anti money laundering and know your customer statutes, they may make billions and many trillions of dollars by serving the markets for hidden money. That's why they call it cryptocurrency because it aspires to be hidden money. It's not hidden money yet. There's nobody within you probably can't buy a sandwich within walking distance of where you're sitting now. With a Bitcoin unless you convert the Bitcoin into dollars first. So it's not a currency yet. You can't buy a sandwich with it, any practical level. But if it becomes a currency and remains crypto as to say hidden, it will make the needs of those who want to hide money. And the big market is the tax evasion market. The IRS says the wealthier escaping over a $1 trillion a year. Roughly a $1 trillion a year of taxes. That means they're hiding $3 trillion of income every year. I really like this litmus test of yours. If you can't buy a sandwich sandwich with it, is it a real form of currency? Let's look ahead here. Tell me what is going to be number one on the congressional agenda day 1 January 3rd when it comes to crypto. Well, January 3rd, we're going to be electing a speaker and Kevin McCarthy is going to be relying on the vote. I know you're going to be talking about this George Santos guy who really shouldn't be seated and shouldn't be voting for speaker. Because he is not just lied in his press releases. Many members have been accused of that. But he's clearly lied on his financial disclosure report. And that's a felony. Can we dig into that a little bit, you mentioned the financial disclosures? What do you think Congress needs to do specifically on those disclosures? Well, we have to enforce the laws both on
"cayman islands" Discussed on Bloomberg Radio New York
"The grand Cayman Islands moving northwest. A majority of U.S. Democrats and Democrat leaning independents want the party to replace Joe Biden as its nominee in the 2024 presidential election. That's according to a Washington Post ABC poll reported today. Just 35% of this group preferred Biden for the nomination while 56% say the Democratic Party should pick somebody else, according to the poll. Italian voters are expected to elected Georgia maloney as prime minister today, which would make her the country's first female and first far right prime minister since it became a republic. Maloney leader of the brothers of Italy party is the favorite to win the general elections as the head of the right wing coalition. That, according to opinion polls published before a blackout period. China is foreign minister Wang Yi addressing the United Nations General Assembly in New York yesterday. Vehemently defended the People's Republic of China's claim to Taiwan, telling assembled world leaders through a translator that anybody who gets in the way of China's determination to reunify with Taiwan will be crushed by the wheels of history. It was but one China in the world and Taiwan is a part of China and that the PRC government is the sole legal government representing the whole of China. You said only when China is completely reunified can there be enduring peace across the Taiwan strait. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. Your listening to balance of power with David Westin on Bloomberg radio. This week, the fed raised rates another 75 basis points and chair Jay Powell signaled they are not done yet. The FOMC is strongly resolved to bring inflation down to 2%. And we will keep at it
"cayman islands" Discussed on Bloomberg Radio New York
"Scotia earlier today with wins over 90 miles an hour, causing flooding and major power outages. The storm is now moving toward Newfoundland where at least one building has been washed out to sea by the rising tides, roads are flooded along the coast, as a tropical storm in the caribbeans expected to be a hurricane by the time it reaches the coast of Florida late Wednesday as of last night, tropical storm Ian was about 380 miles southeast of Jamaica, moving west, hurricane trackers say the storms expected to turn north over the weekend and reach hurricane strength by the time it hits the Cayman Islands Monday, and that's on the mind of officials at Kennedy Space Center in Florida and SpaceX, who's planning to send another batch of satellites into orbit. A falcon 9 rocket carrying Starlink technology is scheduled to lift off tonight at 7 30. If successful, this would mark the space agency 62nd launch as part of its goal to provide affordable Internet across the globe. I'm Brad Siegel, reports say federal prosecutors are recommending against charging Florida congressman Matt Gaetz in an investigation into sex trafficking, The Washington Post cites unnamed sources familiar with the matter who said career prosecutors told Justice Department superiors that convicting Gates is unlikely because two key witnesses have credibility issues. One of those witnesses is former Seminole county tax collector Joel Greenberg, who pled guilty to sex trafficking a minor and other charges as part of a plea deal. The actress who played Nurse Ratched in the 1975 film one flew over the cuckoo's nest has died, Louise Fletcher, won an Oscar for her performance in that movie, opposite Jack Nicholson. Oh,
"cayman islands" Discussed on The Aloönæ Show
"Yeah. What is the best pair of shoes you've ever Um, I think I have a couple that come to mind. So I'm like I said, I'm a real shimmery glitter kind of girl. So I have a pair right now that I absolutely love. They're all silver, and they have this gigantic bow on the very top of them. It's like just a set of pumps. I also, for my birthday, I wear these heels, their wedge heels, but they look like a piece of cake. So they're all handmade and they have their painted as if there's icing, and there's an actual cherry sitting on top. And the heel looks like it's an actual slice of cake. And I just think they're so unique. They're all handmade with the sprinkles and stuff. And they're just the coolest thing in my world. Okay, nice. Yeah, cool, cool, cool. Drip. As the kids say. Where was the nicest place you've been to? Oh, I would probably have to say, I really love the Cayman Islands. But Atlantis in The Bahamas is a very, very beautiful resort. So I would have to say one of those two. Yeah. I always want to go there someday, but I just don't have the money for it. I've been there twice and honestly. I would go back again and again. There's so much to do out there with the water park and all the different things you could do swimming with the dolphins and the stingrays and then you have a sharking counter. There's just so much to do in one trip. They've got all kinds of stuff down there. Yeah? I agree. Yeah, me too. Me too. What is your favorite thing to drink? Captain and Coke. Great. Fabulous choice. Wait, wait. Wait, hold on. Wait, what happened? Captain wood? Captain and Coke. I had to say it slowly. I didn't want to just blurt it out and you guys think I'm insane, but I drink captain and coga ton and that's my favorite. I do drink tequila sunrises, but I had to pretend I had to think about that for a second. What is the best way to stay motivated and complete your goals? I'm always striving to do more than I've already accomplished. But I know in the very end, as I work toward my final goals, you know, I've always wanted to win a Grammy. I always thought it would be really cool to sing on the grand Ole opry stage. So I have big goals in mind, but I, you know, as I go along, I always try to pick up little goals along the way to kind of keep me going. Great. And that is all we have for this episode. It was great having you here, Ashley. Yeah, it was great talking to you guys. There's a lot of fun. I appreciate you guys having me on the show. You're welcome. Yeah, it was really fun having me. Now it was really good talk, you know? Yeah. We appreciate you. Yeah. I appreciate you guys too. It was a pleasure. Yeah. And until next time. And until next time, stay tuned. For more..
"cayman islands" Discussed on Scuba Shack Radio
"This is wet notes here on scuba shock radio for friday july thirtieth two thousand twenty one first up today about a week ago. I got the latest edition of divers alert. Networks magazine alert diver for me. It's a cover to cover. Read a tip of the hat to publish your stephen frink for an outstanding magazine. The second quarter. Two thousand and twenty. One edition is packed with some great stuff. There's a great article on shallow water. Arterial gas embolism. Yes it can happen. And in the dan was there from the section. You can read about how. Dan can make a difference when dc assets. There's also a great article on roett tan. If you're thinking about going there and you can also read about. The florida are flower. Garden banks national marine sanctuary and the thunder bay marine sanctuary in congrats to tech clock for being featured in the member profile. Like i said it's a cover to cover. Read for me and i look forward to every edition. Best of all comes with your membership alert. Diver is a first rate publication for those who are passionate about scuba diving back. In april. I told you about the us house of representatives select committee on climate. Change back then. They adjust completed their organizational meeting. So what have they been up to lately while it seems like there's been a lot they have had seven hearings before the select committee since then. Now here's a sample of some of those hearings. The first hearing was on the growing risks and costs of inaction one was on creating new jobs another on building. Resilient communities and transportation investments and i did watch one in the hearings for may and that was on the investments needed to modernize and expand the electric grid. It was interesting to hear the dialogue in questions. It seems that everyone is interested in doing something but sometimes it feels like if one side wins the other side loses. It was also interesting to hear chairman. Koster or chairwoman. Caster say that the american society of civil engineers rates are electric. Good as a c. minus. That doesn't sound good so let's hope. This committee keeps the ball rolling with bipartisan support. Our divers love going down to cosmo for some diving especially when it's cold up here in connecticut so we're going back there at the end of february to do some diving with blue angel but there is something new down there that seems interesting and it is called scuba hunt. I guess there are a number of huge concrete blocks just offshore from hemingway's down there. Well steve belkin has created a unique diving opportunity. Thirty calls scuba hunt a new diving. Challenge game in cosmo. I guess you go out. And you try to find clues hidden among the concrete blocks and you try to collect enough clues to open a treasure box at the end. You have up to seventy minutes for your team of two divers to complete the challenge. Now you must be an open water diver with at least twenty logged dives to compete the depths. They say is nineteen feet so you should probably get in your seventy minutes from what i saw on their website. The cost is about one hundred dollars. So that's something different that you can do if you're heading down to cozumel well here's another example of scuba divers diving with a purpose and making a difference according to an article in the la times. It seems that some divers discovered an evasive specie of algae in newport harbor. The species identified as ka pa. Po prolif- era and it's an algae that is native to florida and left unchecked it would choke out native seaweed the invading algae was discovered in april of this year and the divers reported it to the orange county department of agriculture and the algae was verified by the california department of fishing wildlife is amazing how how easily things spread around the globe. How it got there is uncertain but the article did mention that. It is a common plant in saltwater aquariums recently more divers returned with vacuum pumps that extracted the plant from the seafloor. It took about five days to complete to clean up. The plan is to conduct follow up surveys down the line to monitor the success. This is another example of divers making a difference for the environment way to go guys. Needless to say there are many of us who are waiting impatiently for the cayman islands to open up again so we can experience the incredible diving down near the islands are still not open to tourists. But they did recently update a five five-phase plan to open their currently in phase two which is pretty restrictive. Now face trees set to start on september nine and that will let in vaccinate people into the caymans. But there's a big caveat and that is only if eighty percent of the island's population is vaccinated. This has the tourists organizations a little frustrated as they don't feel like this goal is achievable. It won't be until october. Fourteenth that the quarantine requirements will be lifted for vaccinated tourists and then starting around november eighteenth. The plan would be to allow unvaccinated kids under twelve coming without restrictions. So there's still a long way to go before we might be able to get down to the cayman islands. Good thing our trip to little came in isn't until october of twenty twenty two and finally here's a bit of good news out of washington. Dc the united states senate has passed senate bill s one one. Oh six entitled. The shark fin sales elimination act of two thousand and twenty one. Now pass by vote of sixty eight to thirty two back in june and it's tied to another bill the us innovation and competition act of two thousand twenty one nothing simple. It seems the senate. Bill had bipartisan sponsorship. Which is a good thing but just how just but just because it passed. The senate doesn't mean we're home free. The bill is now with the house and it has been referred to the house committee on natural resources. I tried to see if there's been any action on it yet. But it doesn't seem like anything's been done. In any event we are seeing that people on both sides of the political spectrum. Understand that shock. Finning is not a good thing for this apex predator right now. Twelve states along with three. Us territories of banned shark. Finning and this bill would make it a federal crime with a fine of one hundred thousand dollars or the fair market value of the sale. Whichever is higher. The bill also states that individual states can enact stricter regulations and standards. I'm hoping this bill passed and signed by president biden. Soon and help off shocks.
"cayman islands" Discussed on WMAL 630AM
"May have heard of mentioned the term reservoir trust, which is our name for the trust that we often use for beneficiaries ever trust Children, grandchildren could be anybody. Actually, we can make that trust which is, by the way, and you Revokable trust, we can make their trust and asset protection device for the beneficiary. But in the situation you positive words you know you would you and your wife and you negligently run over somebody or Ah, injured and put out of commission. A number of litigators. John look, The problem is that my dad's answer is that It sort of begs the question, because really, no jury would convict if you took out all of those lawyers at once, I think you probably, you know, name a park after you or something. I mean, you had become an instant celebrity. Uh, you know, folk folk hero. Writing, writing ballads and songs about you Forever. I Yeah, but that's but unfortunately, that's the answer to the question of for you. And it's also the answer the question. Wait a second. Aren't we licensed to practice law? Or did we have to say the party bus is starting to sound pretty good? Z? No. Yeah, I was gonna say the party bus to be boring. But the fact is litigators tend to be kind of Ah, fast running crowd. They could be sometimes a good time. I don't know. Anyway. The Esso Yeah, John. It's very difficult for you to protect your money from your creditors. It's doable. But you know you get into these, you know, offshore asset protection trusts and like the Cayman Islands or Liechtenstein, or somebody's more exotic tax havens. You know, ST Kitts and Nevis, Sir, the cook Islands or whatever you you've heard of these sort of legendarily like in the in the firm, you know when they go down to the Caymans and much Trying toe to hide money in different ways. Anyway. The that's again typically doesn't make sense for most people walking around when you get into these asset protection trusts Most people will tell you it doesn't even start even begin to make any sense whatsoever until you're at least $10 million. Why? Because the expense to set up that kind of trust, and then you've gotta hire a Cayman Islands bank to manage it. And of course they charge every year. No matter what they do in no matter how much you do or don't go down to snorkel on, guess, Oh, it doesn't really make sense until you start talking about millions and usually tens or even hundreds of millions of dollars and so Again. For most people walking around a better strategy is to use an umbrella policy. And so you say, OK, I've got my auto insurance my homeowner's insurance. But I'll go out and get more coverage in the form of an umbrella policy, which is very inexpensive because the fact is, it's unlikely that you'll hit a school bus full of Children or a party bus full of litigators, although again if if the ethical scenario where the train runs over the innocent Children or the train runs through the party bus of litigators, I don't think anyone would Hesitate for a moment to to flip that switch. But anyway, um what's the name of that hypothetical, the train and the kids, and there's a There's an official name for that. It's a classic ethics. Yeah. Anyway, so, but I love your hypothetical. But as I say, it's It's difficult for you to protect your money from your creditors. But because my dad said, it's relatively easy to leave assets to somebody else, you know, leading your assets to your son protected from his creditors. That's relatively easy to do. And we would talk about reservoir trusts and, um, you can even you could leave assets to your wife. In other words, John Let's say that you were driving and you know you You've gotta trust Kind of like Dave's question earlier, where he had he had his parents trust his dad's trust in his mom's trust his father's trust could have been set up to protect his dad's trust assets from his mother's creditors during her life. But again in these examples, somebody has to die, leaving the money to somebody else in a protected trust. It's It's not something you do. Well, you're alive if that makes sense. Yeah, it's a little bit like Harry Potter. You know, the Lily Potter's death is what protects Harry from Voldemort. My father is looking at me like that. The ultimate nerd, which maybe I am anyway, Thanks for your call. John. It's Ah, It's a great It's a great question and things that are often confused on do you know, drive carefully except when you're around those giant parties, But save some Scotch for me. All right. We're going to take a short break and be back with more calls a triple 86 30.
"cayman islands" Discussed on The Real Agenda Network
"These conventions can take a really long time to draft and steer through the united nations processes and sometimes the initial conventions are weak and they will require strengthening. But i think we just have to accept. That's the case what's needed more than anything else has to have a global counterweight to the rules set by the organization for economic cooperation and development. Now was the rules. Don't have legal status in their own. Right they are typically adopted into the tax laws of member states and states across the rest of the world and they become a reference point which show courts and tribunals will use when they're assessing the legality or otherwise tax avoidance scheme so tax convention could become a really powerful mechanism and a reference point for the whole process of reshaping tax rules to make them fit for the twenty th century and the needs of all countries not just ocd member states and perhaps with the new administration biden administration. There may be more support for some meaningful activity on tax rules global tax rules and perhaps even more support for a un involvement in that and they just announced to twenty one percent minimum corporate tax rate proposal. So that's interesting and alongside that of course the us. I'm not also. I'm very excited about this. I'm also talking about completely rebooting. The internal revenue service massively. Refunding it to make an effective body so that is exciting. But joe biden has spoken very publicly and for a long time about the united states. Reengaging internationally and there's no better place the him to demonstrate that leadership role and engagement with the rest of the world then in the area of taxation again getting this one sort of this has caused so many problems across the world. Now it would be really good to see a biden administration take a leadership role in this area. Yes it would speaking of fair the power of blocks and nations. Let's look at the year in european union. There is some movement there to do something about the us. Lovable list of non-cooperative jurisdictions their listeners. We've said many times on the tax castle the more ridiculous because e eu member states themselves on included on that list when many of them are you know major offenders and then you get sort of craziness is like the removal of the cayman islands from the e u list..
Wet Notes - 3-14-21
"This is wet notes on scuba shack radio for sunday march fourteenth. Two thousand and twenty one starting off today. I want to give everyone an update on dive magazine. When the pandemic eight last year it caused the magazine to suspend publication and there was a disclaimer out on our website about the magazine. Being on hiatus well. I really liked this magazine. So i went out and check their website and i did not see this disclaimer anymore. So i reached out to the editor. Catherine castle garcia to check on the status. Catherine got back to me and she indicated that they are still in a holding pattern and are aiming to start publication again in the third or fourth quarter this year in the interim catherine and her husband are working on growing their business deeply designs and they are working on a feature length wildlife film. Let's dive training magazine. Hits discreet again. This year i really enjoy that publication. Now for those of us who love going to and diving into caymans. There's hope there. It sounds like they're making good progress down in the caymans on vaccinating population and according to the premier alden mcglaughlin if the cove nineteen vaccine vaccination rates. Keep up at the space. They are thinking that they'll be able to open the borders again in either late april or early may and with the penetration of the vaccine. There won't be any need to quarantine when you're entering the islands now. This is certainly something to look forward to. You don't have to twist my arm to head down. The sunset house where little cayman beach resort in the fight against plastic pollution. Back in february the ocean cleanup which is a nonprofit that was established in two thousand thirteen with the mission of developing technologies. That will rid the world ocean of plastics signed a memorandum of understanding with thailand and that memorandum of understanding was to deploy interceptors in. Thailand's rivers now. Rivers provide the highways for plastics to enter the ocean and intercepting plastics in the river. Before it gets to the ocean is just common sense. But a complex solution the ocean cleanup interceptor program is pretty cool. And they want to expand deployments to the thousand most polluting rivers around the world. Well that's certainly some good news coming out of thailand and hopefully the rest of the world you can check them out on the ocean. Cleanup dot com last week on. Noah's ocean podcast. The show featured another noah program ocean today on this episode. Kurt man discussed what ocean today is all about. Essentially is a series of short videos. That take complex science and present them in understandable one to three minute videos they cover deep sea exploration climate change marine life and more. These videos are thoroughly vetted with scientists to ensure that they get the science right. The videos are also being placed in kiosks at the smithsonian as well as thirty four other locations. I checked out five part series on shipwrecks. Pretty cool check out ocean today. Dot noah dot gov for more while the first quarter edition of alert diver magazine from divers alert network arrived last week. And it's an incredible one hundred pages of information the feature. This quarter include sure diving in monterey bay an article on diving in la paz mexico and an article on the power of american marine sanctuaries in addition to the feature articles. You'll find all the standard stuff. Most of that is in short concise articles. The research education and medicine section is really fantastic. I love going through that. Wanted to short articles also discussed turning tank valves on all the way versus a quarter. Turn back there's so much more to absorb in this publication also. I noted in in the letters to the editor. One of our divers submitted. A letter sent to them about doing pre dive. Safety checks so alert. Diver magazine is a great benefit to your dan membership and finally. I came across an article a couple of days ago titled this net flicks. Original will make you think twice before ordering the fisher today and it was a short article about the new. Netflix documentary called c. Spiracy and that would premiere on march twenty fourth this year. The film will present the urgency of protecting the world's oceans primarily focused on the dire implications of commercial fishing. This documentary was directed by ali to breezy and assistant director. Lucy to breezy. You can go to netflix and search on c. spiracy and watch the trailer in the article. They state that twenty. Four thousand fishery workers die each year while on the job. That's a lot. I just didn't realize how dangerous the fishing industry was now. One of the quotes from the spiracy. Instagram page says this film will radically transform the way we think and act on ocean conservancy conservation forever so mark your calendars and be sure to catch see spiracy on net flicks available march twenty fourth. Well that's it for wet notes for march fourteenth two thousand and twenty one here on scuba shock radio
Authorities name suspect in killing at Cape Cod motel
"The suspect in a murder of a Cape Cod woman this week is identified. Here's WBC's him done with the latest in the ongoing investigation. The Cayman Islands District attorney's Office says an arrest warrant's been obtained for 33 year old Clay Bar Mariano Jr of Falmouth in connection with the murder of 30 Year Old Mask, the resident Danielle Taylor. Down with police responded to the Cape Wind waterfront resort Monday night to find Taylor lying unconscious on the floor of one of the motel rooms and Mariana lying on the bed with injuries to his neck in hand. Taylor was transported the found with hospital and later pronounced dead Mariano Med flighted to a hospital in Rhode Island. District attorney Michael Loki, says Mariano since been released from the hospital on his currently held in a Rhode Island jail. He also says Marianas refused to waive extradition, and the DA's office is seeking a governor's warrant Forces return to Massachusetts to be arraigned on murder, assault and strangulation charges. The D A, says Mariano and Taylor had a previous dating
"cayman islands" Discussed on 600 WREC
"Slash carry. You'll get in front of more qualified candidates that's linked in dot com slash Carrie. You're gonna be on the post for free right now or are in we'll travel dot com under sponsors. Steve Carvel is a professor of finance at Cornell School of Hotel Administration. We asked him to join us today for a candid conversation on the economic effects of the pandemic across the travel industry and what's likely ahead. Since I can see is holding for us on that show Hotline. Let's get right to him. Hello, Steve. Nice to reconnect with you today. I want you to be here. Well, pleasure to have you back with us. You know, we wrote a pretty good roll. Mary and I were just looking at this before the show You were on with us in 2015. 2016 2017. As I said, we just looked at the last time we spoke to you on here nearly three years ago to the day Back in our January 20th 2018 live broadcast. So the world's changed a lot. Steve, you're beautiful campus up there. Cornell has also changed. I'm curious are most of the students these days on campus. Are you still doing a lot of remote classes? Well, we have blended learning. We have students that we have delayed their return to campus. Typically, they would have been here already. We're delaying them a couple of weeks before classes start so that we can bring all the students who have coming back onto campus safely. Test them all quarantine students who need to be quarantined if they tested positive, etcetera, So Cornell is one of the best examples of a university following science on guard standards. In order to have some level of face to face learning. I mean, not all of our classes are because we can't fit them all because we follow all the safety guidelines blended learning about 30 about 30% of our classes plus are face to face. And we're really proud of the work. Everybody here is done. Hopefully, we'll get Bacchus soon as possible that we all want that. But we want to have to go in this direction with you because we asked you to come on. Today's talk really about the economics of the coronavirus in the travel industry. It's certainly been a factor in the re opening of some countries. Europe is struggling mightily with the vaccinations. And now it looks like fourth quarter before. They're even gonna have enough supply on hand to tamp down on the virus over there. So many in this audience in particular will not be traveling to Europe this summer, for sure, maybe even This fall on a positive note. Costa Rica has phased in fairly successfully. They're re opening so since the travel world delivered roughly 10% of the global GDP pre pandemic that translates to about one in 10 jobs. We're seeing a report from our friends over the World Travel and Tourism Council that suggesting more than 121 million of those jobs could be lost forever. I want to know what your thoughts are on countries that have successfully reopen with protocols in place before the pandemic really is under control. Well, first, I hope the estimate is an overestimate and the use of the word forever is a bit hyperbolic. So I would expect that there's gonna be an al growth of all of this, but I think forever is too long to think of it. We will have some ramp back up of getting people back to work. You know, different parts of the world have opened up in different ways. Different parts of the world had different capabilities in order to manage testing also have different types of tourism. You know you and all of that plays into the factors of their ability to open safely. And then Leslie. I mean, I was I had done some interview for the National Geographic magazine recently and I was explaining to them that Many of these countries. I know what you're statistic is, but many of these countries have a much higher percentage of their GDP by country coming from travel and tourism. On that excludes the multiplier effect that you would find from all of the ancillary services that support tourism, physical nature of the industry. Meaning you know hotels, real estate equipment. The supply chain, etcetera, So that's good point. And certainly it's about 100. Countries that really rely on around the world as travel is their number one source of GDP, so it's a significant number. There's no question correct and these countries also they lack the capacity. That we have in many other very developed countries have of borrowing money to fund their deficit, You know, in the form of sovereign debt. You know, Biden just put out a $1.9 trillion package That's on top of trillions. More that have already been spent. Ah, lot of that is borrowed money. On def The United States were not in the position that we're in. He could not borrow that much money. And many of these smaller countries that rely on tourism don't have hard currency capabilities to borrow very kind of money in the international market, right. So Steve, let's talk a little bit about what some of these countries are doing, and they've been doing it now, for a few months. I'm thinking of, and I know one of them was mentioned in this Nat Geo article. Grenada is a really good example. The Cayman Islands Of course we Don't know what happened with this teenager who was jailed for breaking quarantine. But the Cayman Islands was one of the first to come out with contact tracing app for travelers to download. You know, some of this is not the way to travel for some people, but there are people who want to travel and if they do it safely, and they abide by these guidelines, they want to do it. Do you think that the market Is going to shift a little and potentially reward in terms of islands that are getting it right Countries that are getting it right from a safety standpoint for travelers, you know. Look, I think it's gonna I I think you mean by rewards, meaning they'll be higher demand there and prices that are closer. Or maybe even above their typical prices for vacation packages fly except exactly, And I hope the answer would be yes, because that would provide really strong incentives for other countries to look and then get it right. It's you know, it's too early to tell from the data to see whether or not that's actually happening. But of course, you know these countries that are open people do with their research. They are sensitive to it. Because, you know they don't want to get sick away. And that is a big concern for all international travelers. Even if your insurance were to cover you, the medical establishments in many of these countries, they're not up to us standards. I mean, we should keep that in mind when we think about things in general. On. I think travelers don't want to get really sick away from home a lot of clearly more than ever now on a lot of it to create a sense of comfort among the travelers that when they go there That probability is much lower on that note. I want to be eliminated. I want to ask you this. You know, we've got a fair number of messages from our listeners. Email social media post. Whatever. And there's always let's talk about the home Stay versus the hotel state. And, you know, I understand the appeal of home stays right now for more space and that, But hotels have really been working diligently with their employees to keep guests safe, and I think deserves some credit. So any thoughts on that Well, first, you know, most hotels will ensure that your room is sanitized before you check in and because their occupancy is low, and I worked with a lot of hotels in the space. They ensure that your room hasn't been occupied to 72 hours, and by then the virus is gone. You know, from the environment between the cleaning and the time horizon. On. Of course, you know, home. You don't have that same standard of expectation of cleanliness. And you don't really know for sure what's going on. So I think hotels have an advantage. Especially now in that space. So glad that you said that because I agree with 100% on that. I really want to know right now. When I go to a branded hotel, right where a major property out there I know what to expect, for the most part. I don't know what I'm going to this home sharing. I think that's really important factor. Correct. And then you know, aside from that, you know if you're in a home share, you know you have to figure out how to get food and you know where you're going to get it. And so on and.
"cayman islands" Discussed on 860AM The Answer
"Steve Carvel is a professor of finance at Cornell School of Hotel Administration. We asked him to join us today for a candid conversation on the economic effects of the pandemic across the travel industry and what's likely ahead. Since I can see is holding for us on that show Hotline. Let's get right to him. Hello, Steve. Nice to reconnect with you today. Well, you to be here. Well, pleasure to have you back with us. You know, we wrote a pretty good roll. Mary and I were just looking at this before the show You were on with us and 2015. 2016 2017. As I said, we just looked at the last time we spoke to you on here nearly three years ago to the day back in our January 20th 2018 live broadcast. So the world's changed a lot. Steve, You're beautiful campus up there. Cornell has also changed. I'm here. Where most of the students these days on campus. Are you still doing a lot of remote classes? Well, we have blended learning. We have students that we have delayed their return to campus. Typically, they would have been here already. We're delaying them a couple of weeks before classes start so that we can bring all the students who have coming back onto campus safely. Has them all quarantine students who need to be quarantined if they tested positive, etcetera, So Cornell is one of the best examples of a university following science on guard standards. In order to have some level of face to face learning. I mean, not all of our classes are because we can't fit them all because we follow all the safety guidelines blended learning about 30 about 30% of our classes plus are face to face. And we're really proud of the work. Everybody here is done. Hopefully we will get back as soon as possible that we all want that. But we want to have to go in this direction with you because we asked you to come on today to talk really about the economics of the Corona virus on the travel industry. It's certainly been a factor in the re opening of some countries. Europe is struggling mightily with the vaccinations. And now it looks like fourth quarter before they're even gonna have enough supply on hand to tamp down on the virus over there. So many in this audience in particular, will not be traveling to Europe this summer. For sure, maybe even this fall on a positive note. Costa Rica has phased in fairly successfully. They're re opening so since the travel world delivered roughly 10% of the global GDP pre pandemic that translates to about one in 10 jobs. We're seeing a report from our friends over the World Travel and Tourism Council that suggesting more than 121 million of those jobs could be lost forever. I want to know what your thoughts are on countries that have successfully reopen with protocols in place before the pandemic really is under control. Well, first, I hope the estimate is an overestimate. And the use of the word forever is a bit hyperbolic s. So I would expect that there's gonna be an outgrowth of all of this, but I think forever is too long to think of it. We will have some ramp back up of getting people back to work. You know, different parts of the world have opened up in different ways. Different parts of the world at different capabilities in order to manage testing also have different types of tourism. You know you and all of that plays into the factors of their ability to open safely. And then lastly, I mean, I was I had done some interview for the National Geographic magazine recently and I was explaining to them that Many of these countries. I know what you're statistic is, but many of these countries have a much higher percentage of their GDP by country coming from travel and tourism. Not exclude the multiplier effect that you would find from all of the ancillary services that support tourism, physical nature of the industry, meaning that you know hotels, real estate equipment. The supply chain, etcetera, So that's good point. And certainly it's about 100. Countries that really rely on around the world as travel is their number one source of GDP, so it's a significant number. There's no question correct and for these countries also, they lack the capacity. That we have, in many other very developed countries have of borrowing money to fund their deficit. But you know, in the form of sovereign debt You know, Biden just put out a $1.9 trillion package That's on top of trillions. More that have already been spent. Ah, lot of that is borrowed money. On def The United States were not in the position that we're in. He could not borrow that much money. And many of these smaller countries that rely on tourism don't have hard currency capabilities to borrow very valuable kind of money in the international market, right. So Steve, let's talk a little bit about what some of these countries are doing, and they've been doing it now, for a few months. I'm thinking of I know, one of them was mentioned in the snatch Geo article. Grenada is a really good example. The Cayman Islands Of course we are. No. What happened with this teenager who was jailed for breaking quarantine, But the Cayman Islands was one of the first to come out with contact tracing app for travelers to download. You know, some of this is not the way to travel for some people, but there are people who want to travel and if they do it safely, and they abide by these guidelines, they want to do it. Do you think that the market Is going to shift a little and potentially reward in terms of islands that are getting it right Countries that are getting it right from a safety standpoint for travelers, you know. Look, I think it's gonna I think you mean by rewards, meaning they'll be higher demand there and prices that are closer. Or maybe even above their typical prices for vacation packages fly except exactly, And I hope the answer would be yes, because that would provide really strong incentives for other countries to look and then get it right. It's you know, it's too early to tell from the data to see whether or not that's actually happening. But of course, you know these countries that are open people do with their research. They are sensitive to it. Because, you know they don't want to get sick away. And that is a big concern for all international travelers. Even if your insurance where to cover you the medical establishments in many of these countries, they're not up to us standards. I mean, we should keep that in mind when we think about things in general. On. I think travelers don't want to get really sick away from home. A lot of clearly more than ever now, right on a lot of this to create a sense of comfort among the travelers that when they go there That probability is much lower on that note. I'm gonna be eliminated. I want to ask you this. You know, we've got a fair number of messages from our listeners. Email, social media post. Whatever. And there's always let's talk about the home state versus the hotel state. And, you know, I understand the appeal of home stays right now for more space and that but hotels that really been working diligently with their employees to keep guests safe, and I think deserves some credit. So any thoughts on that? Well, first, you know, most hotels will ensure that your room is sanitized before you check in on because their occupancy is low, and I worked with a lot of hotels in the space. They ensure that your room hasn't been occupied to 72 hours, and by then the virus is gone. You know, from the environment between the cleaning and the time horizon. On. Of course in the home, you don't have the same standard of expectation of cleanliness. And you don't really know for sure what's going on. So I think hotels have an advantage. Especially now in that space. So glad you said that because I agree with 100% on that. I really want to know right now. When I go to a branded hotel, right where a major property out there I know what to expect, for the most part. I don't know what I'm going to this home share. And I think that's really important factor. Correct. And then you know, aside from that, you know if you're in a home share, you know you have to figure out how to get food and you know where you're going to get it and so on and.
"cayman islands" Discussed on X96
"Dolly Parton is the famous one. The rest of them urges, you know. And you went through every single one of them is kind of a weird coincidence, huh? Uh, are most part and don't forget Bus. Parton. He's the he's the problem in the giant problem, child in the family and army Hammer is in the news again. Hey, has, uh Hit the Cayman Islands, the Royal Cayman Island Police Service. Uh, s O said mister, um Mr Ra Hammer. There was an allegation of misuse of Icy tea and what that is in relation to a suggestive video, which has been posted on social media. Now this is the video we talked about earlier in the week where there was a woman on all fours on his bed. Wearing skimpy clothing, and he said that's Miss Cayman Islands. Well, the Royal Cayman Island Police actually investigated the matter and spoke to Mr Hammer. And they warned him about his conduct. In accordance with the wishes of the complaint, So someone complained about it. Someone in the Cayman Islands complained about it. And he's he got a stern talking to from the Royal Cayman Island Police. Coverted 19 cases and hospitalizations in America. Are Finally According to the Atlantic magazine, They put it this way. Tiptoeing. In the right direction. The United States last week reported the worst weekly cases, hospitalization and death numbers of the pandemic. At that time, it wasn't clear what proportion of the case and death increases were related to post holiday reporting backlogs. This week. Bring some clarity. The backlogs appear to be largely behind this. The underlying trends are moving in the right direction for most of the country. This is, according to the analysis done by Atlantic magazine. Even from where the state's experiencing the worst outbreaks were seeing on Lee indications that the rates of cases hospitalizations and deaths are Easing up, though some areas they're still reporting dangerously high case and hospitalization levels and wrenching death rates. What? But They are. Ever so slightly starting to subside. Another 30. Utahns, though, have Died of covert 19. Um Three of the deaths reported by the Utah Department of Help on Thursday, though, occurred before December 31st And were recently confirmed to be caused by Cove it so They weren't sure what was the cause of death. But as they did more investigation, and I saw on their some younger ones, Oh, yeah, says most 5 to 44 year old. Most of the deaths were older Utahns 24 of the 30 deaths were 65 older 10 were ages 85 older. Much other than the rest work quite a bit younger. There was a woman between between the age of 25 54 2 Women 45 to 64 2 Women 65 to 84 2 men. Uh, Utah Governor Spencer Cox, giving his sustained of the state address. And he announced yesterday that the state will not be wedding booster shots of the coronavirus wait on the shelves if the recipient does not show up for the second Actually. Okay, So if you don't show up, we're gonna give it to somebody else. That's an arms. You have many arms as you can the best use of the 104002nd doses in the state stockpile. Been a matter of discussion between health experts and officials lately, with some state lawmakers, arguing they should be repurposed as first doses to minimize the number of people with partial protection from the virus. But Pop says leaders in the states coronavirus response believe it's important to give first dose recipients of a strong chance to get fully inoculated. And I would agree with that 100% that you wished there were only 50%. There you go. And you went to get the first ghost with the promise that you would have a second dose so you can't use it up. You can't use it on somebody else. Um, also, um, I read an editorial, I think was in The New York Times yesterday. That said You know, Some people are saying, Listen, I there people far more deserving than me. They should get the vaccine before me. You know, people who work in grocery stores they and And I I understand that feeling That, you know, like you have people working in grocery stores and restaurants and try that keep our economy going and keep us going, and people are saying they should. They should get the vaccine before me. But if some the senatorial says no. If somebody offers you the vaccine, take it because the point is getting the shots and people's arms s. Oh, don't don't delay it. You don't want me around, you'll be helping out the cause if you have an opportunity to get the vaccine Don't put it off thinking other people are more deserving. Don't do that. Let's see. Legal scholars are These air legal scholars at the Federalist Society, which, from what I know of the Federalist Society, I don't care for them. No, however, Legal scholars at the Federalist Society, You know, that's unorganized ation that Mike Lee is really Say that former President Donald Trump can be convicted in an impeachment trial for his role in inciting the capital. Will riots on January 6th. Even though he's no longer in office, A bipartisan group of constitutional law scholars wrote a letter on Thursday saying. We differ from one another in our politics. And we also differ from one another on issues of constitutional interpretation, which include, said the signatories, which included the co founder and other members of the conservative Federalist Society legal group. But despite our differences We carefully considered views of the law, and it leads all of us to agree The Constitution does permit the impeachment conviction and disqualification of former officers, including presidents. It was Mike Lee on board with that, I don't know. Oh, Jack and see, you know, See? And why is this important? What say he's already out of office? Why bother convicting him in a Senate trial. Because if you do he, Donald Trump would no longer be able to run for office. He can't run for already party for any or anything and again. The big argument for bringing him to justice is is that he is setting a precedent. He already has set a president's negatively in so many different areas. But this He's committed crimes. And if we just let him go, it sets a precedent for the next smart, Machiavellian, you know, guy that comes along, you know, the law firm of Morgan Lewis and backless or not law firm accounting firm. Morgan Lewis and Bucket Bockius. I think it is is currently wrangling with the New York attorney general's office over documents related to its.
Student Who Was Jailed for Breaking Quarantine in Cayman Islands Apologizes
"College student from Gwinnett County who spent more than a month in prison in the Cayman Islands for violating the cove in 19 quarantine rules, has now returned home. The Atlanta Journal Constitution, says 18 year old Skylar Mac of Logan Ville landed at the Atlanta airport Friday morning. Mac is a student at Mercer University. She and her boyfriend were arrested after she traveled to the Cayman Islands in November. Tow watch him compete and a jet ski competition that apparently had been rescheduled from earlier in the year. She was supposed to stay quarantine for 14 days but did not do so.
"cayman islands" Discussed on WDUN AM550
"It's important to note nothing really warm enough. Really cold for the next couple of days. Pretty seasonable, with rain chances coming in Wednesday night, and that's coming up mornings on Main Street. With Bill Main Good Tuesday morning to everyone. Members of two Georgia Air National Guard units are in Washington now to lend support to security efforts it President elect Joe Biden's inauguration tomorrow. We get the story from GN ends. Rob Stabler's 60, airmen and women from the 116th air control wing at Robin's air base, will join a force of 25,000 from across the country to guard the U. S Capitol before during and after tomorrow's ceremony, members will provide security, communications and safety support. Georgia National Guard Commander Major General Tom Carden says this will mark the fourth consecutive inauguration that they've been called to help, except this time around. Additional members were record. Tested given the unrest that took place at the Capitol on January. 6th. Guardsmen with the 165th airlift wing based in Savannah, have also been deployed covert hospitalizations remaining quite high across the state. Yesterday, 333 patients were being treated for covert at Northeast Georgia Health System hospitals that marks two weeks now that covert hospitalizations have been above the 300 mark. At Northeast Georgia held system. Wdun news time now 7 33 next month during Black History Month, a new business directory will be available to direct the Gainesville Hall county community to black owned businesses in the area. Angela Middleton shares the Black Business Community Resource Project, she says it has taken a while to get the business directory off the ground. The idea first floated at a brunch in 2017 and the new town Florist Club started gathering names for the publication at that point The project stalled. In the fall of 2000 and 20. The project was reignited, of course, Then the pandemic slowed the project again. It could not be revealed on King Day as had been expected. But Middleton did announce yesterday during the online tribute that the directory will now be unveiled next month. And 18 year old woman from Logan Ville, who was imprisoned in the Cayman Islands of requiring teen regulations is now back at home and Gwinnett County. W W went Alison Shields with the latest Tyler Mack arrived back in the United States on Friday and is not allowed back in the Cayman Islands as long as Kobe 19 quarantines remain in place. Back, visited the island to see her boyfriend compete in a jet ski competition and reportedly removed a tracking device to attend the event. She and her boyfriend both pleaded guilty in court and were initially sentenced to community service. Though an appeals court overruled and sentence them to four months that was later reduced. Yesterday, teachers in the Atlanta public school system returned to their empty classrooms, continuing virtual learning. The district is planning a return to face to face learning next Monday, But some teachers in the school district say that's way too early, given the post holiday spike in Corona virus cases he is saying not to have in home gatherings for Christmas, Thanksgiving New Year's Eve and now we're saying we're going to go back and person and basically essentially have in person gatherings. Teacher Tanya Wise mur telling CBS 46. If covert forces them to the sidelines, there's no contingency on anybody taking their place in the Atlanta district. Now there is a partial return to face it to face learning for both the Gainesville City school system and the whole County school district. Today. Both have different plans, but they are trying to get at least some of their students back into the classroom for in person learning for the first time. Since that last month. There's more news and access Wdun relatives are coming in. It sounds good friends from college. Want to take a little tour of the area in which you live? Where you gonna? Where you gonna take him? That's our question and Facebook fan page mornings on Main Street. Are you in Texas 775352911? Got a couple of votes this morning for one of my favorite places to go. Oh, yeah. Ruby falls. Oh, yeah. Ruby Falls. Yeah, um Are people putting restaurants on there because you know you want to take him to. Well, Bruce did Bruce said up to the Dillard house for lunch and stop by J more on the way back. Yeah. Boiled peanut sauce serve and a whole bunch of fried chicken like it all all that's good. Um, gosh, There are a lot of different places. Yeah, and unfortunately, the collegiate closed right now. Um, that's a good hamburger. I know. Yeah, that would be a good one to clear day views from Brasstown bald fire tower. Yes, and from grassy mountain fire tower. Listen, I gotta well, all of these things involved climbing on something we do live in the mountains. You know, I should know this. I don't know if it's open or not The bugle rock music in this fascinating That's a cool place that Northeast Georgia history Center of True that would be a neat place to go. Just tow. The campus of Brunel University and also the campus of Ung. Um, those were good places. Why should step around the pond. If you're going to the days of campus? Well, that's true. Yeah, I just look at that from outside. The geese like to hang out there sometimes slippery. See? I would I would take. I would make sure that if I didn't own a boat Would make sure I would go some place and rent one and let people see. Like linear. Yes. From the lake. It is. It's a fantastic place to be. Yeah, that that's a good idea. Real good idea are big, iconic green bridges air gone, though, So that's you know, and I get why they are, you know, they wear out after a certain amount of time. I'm not being critical because you don't want to see the lake bed up close and personal. Not that way. Uh, see the food factory and Cornelia. That's what someone's saying. Alan is saying factory and Cornelia. I'm not try that one else. I know. I would I would take him by. As I'm headed south. I would take him by smokehouse. Yes, definitely. And eat out there on the porch on a nice either Chris Fall evening with some good barbecue even summer. Just catch a breeze. Yes, smell of that wonderful smoke. Oh, market, The Potter. I know that's not a place to eat. But that's a good place to visit that to really need place. Big stuff to see there and take some souvenirs home for sure. So, Yeah, There are a lot of great places to visit in our area and I will put a pitch in for those of you who do like a good glass of wine. Ah, I would say, Take a look at the Excuse me. The Georgia wine trail. That's right there A lot of wineries in this area so many wineries. You're right. I've got a lot of friends who love going to those places. We have several that we that we have frequent have some friends who have tried to check their passport off and hit every single one of them. Around the area, and they still haven't gotten them all. But there's some great places really are. Just sit out. If you like a glass of wine, maybe get a sugary board set out there and enjoy the mountain. They're beautiful, Beautiful. Just fantastic. And if they come during baseball season, you can take him to see a stripers.
"cayman islands" Discussed on WDUN AM550
"Directory planned for release in February, which is black History month. An unnamed man undergoing treatment after he was shot at a location just inside the Haversham County line. Yesterday. The man of God to a parking lot at the river entry on Mineral Springs trail just off Georgia 1 15 to sell an iPhone or some other item to an individual and then ended up being robbed and shot, according to Sheriff's lieutenant Matt words. Where it says the incident happened around three in the afternoon. The man showed up at the emergency room and have a hammer Sham Medical center by private vehicle A couple of hours later, the incident remains under investigation. No word on a suspect. And Gwinnett County student who spent more than a month in prison in the Cayman Islands for violating the code 19 quarantine rules of that that country now at home. The Atlanta Journal Constitution, says 18 year old Skylar Mac of Logan Ville landed at the Atlanta airport Friday. Mac, a student at Mercer University, was arrested after she traveled to the Cayman Islands in November to watch her boyfriend compete in a jet ski competition. She was supposed to stay quarantine for 14 days, but did not do so. She's not allowed back in the Cayman Islands. As long as Kobe quarantine rules remain in place. There's more news that access wt you went. I'm pretty sure she doesn't really want to go back anytime soon. I'm guessing not. That's not going to be her vacation choice. Yes, And that's just well, Let's leave that down lower on the list. Yeah, Apparently her boyfriend is a native of of the Cayman Islands he might decide to relocate to I don't Uh, bless. Bless. ERM yeah, Say in the South, but, yeah, Apparently, that was a pretty big ordeal. Yeah, they're they're a small place, so they're pretty picky on me if they have a really major situation there. It's not a good thing. Yeah, I think, um, And as we've been reporting along the way initially she was going to be fined and had to perform community service. But then another judge said, you know what? That's not enough. And put her in jail for four months. And then they reduce the sentence to two months. Uh, two words for her. Better lawyer. Yeah, well I don't know if it matters that's true in another country. So anyhow, she's home and I'm guessing she'll probably be talking to some Atlanta media folks. And as they say, Well, at least you've got a good story to tell. Yeah, she probably like to have less of a good story to tell. I would think forecast on the way. It's a chilly start. What's going to be a milder day today? And what we saw yesterday will jump to the forecast and back to the road coming up news brought to you in part by excavations. And by the Norton Agency, Wdun time. 6 37. I'm Frank Norton Jr with.
U.S. teen jailed in Cayman Islands for breaking Covid protocols returns home
"And Gwinnett County student who spent more than a month in prison in the Cayman Islands for violating the code 19 quarantine rules of that that country now at home. The Atlanta Journal Constitution, says 18 year old Skylar Mac of Logan Ville landed at the Atlanta airport Friday. Mac, a student at Mercer University, was arrested after she traveled to the Cayman Islands in November to watch her boyfriend compete in a jet ski competition. She was supposed to stay quarantine for 14 days, but did not do so. She's not allowed back in the Cayman Islands. As long as Kobe quarantine rules remain in place.
"cayman islands" Discussed on KOMO
"It 8 34 Your co Moh forecast partly sunny tomorrow high of 48 Seattle. It's 41 right now at 8 25. Come on news time is a 25 and 18 year old Skylar Mac, The American jailed in the Cayman Islands for breaking coded quarantine rules is now free field. Back in the mix. Max traveled to the Caribbean island, November 27th and per island rules was required to quarantine for 14 days. But after two days in isolation and the negative covert test, Skylar removed her wrist monitor breaching quarantine to watch her. Boyfriend, a professional jet skier compete in a race. Both Mac and her boyfriend, 24 year old van J. Ram G, who was charged with aiding and abetting were detained and initially ordered to pay a fine and serve 40 hours of community service. But after a legal back and forth, the couple was sentenced to two months in prison. Ultimately serving 32 days behind bars. I got the first call. I think this said she was in trouble and her boyfriend called while the authorities were talking to her and all he could see you could probably hearing he can't stand. Please don't be mad with her. Please don't be mad with her. And I'm like, but she knows better. Now her grandmother speaking for the first time since the team returned home, a free woman, It's the biggest relief. I finally slept through the night. And it's kind of hard to fall asleep when someone you love so much. You know that they're not sleeping and that they're uncomfortable and under she she's a tough girl. But she had to be scared, and her family certainly relieved that she's back home safe. Skylar couldn't stop smiling when I asked her how she feels about being back home, and we spoke with her about that day. That certainly now changed her life. One thing Skylar and her grandmother made clear. Skylar made the decision to breach quarantine and Skylar needed to face the consequences. Today, Norman reporting Koma radio news, stay connected, Stay informed and check back 234 times a day for the news that affects you, plus traffic and weather.
Armie Hammer 'Genuinely Sorry' for Referring to Lingerie-Clad Woman in His Video as 'Miss Cayman'
"Hammer, issuing an apology to Miss Cayman Islands after posting a video to his private instagram account. It showed a lingerie clad woman in bed who he referred to as miss came in, he said. I would like to clarify that the person in my video which was stolen from my private instagram, that's not a thing you got thing is not Miss Cayman. I am genuinely sorry for any money. Any confusion. My foolish attempt at humor may have caused my deep sympathies to Ms came in who? I don't know, and to the entire organization as I had no intentions of implying she was actually miss
"cayman islands" Discussed on News Radio WGOW
"Vaccine tomorrow at the River Park in Hamilton County. With all the appointments for the available doses have already been filled. It got round scheduled for Sunday. Monday, Tuesday and Wednesday of next week. First rounds. Second dose is also being scheduled, go to the Health Department website. For registration information for both first round and second round doses and 18 year old from Georgia back in the US again after being jailed in the Cayman Islands for breaking quarantine rules. Morfogen reporter Mona Coastal Gravity Skylar Mac left her hotel only two days into her required 14 day isolation for visitors, removing her wrist monitor. Watch her boyfriend, a professional jet skier compete in a race. Mac and her boyfriend were sentenced to two months in jail, Ultimately serving on Lee 32 days history as it happens, Devil Ugo w official National Weather Service forecast has us mostly sunny and seasonal today. 49 hour. Hi this afternoon. A little war tomorrow mid fifties, but Isolated Sprinkles. The best chance of rain This week really is Thursday. Temperatures generally in the low to mid fifties, all weekend, even into next weekend morning lows in the thirties. That's the official National Weather Service forecast. I'm Kevin West on Devil Ugo. W call 1888 farmers to switch and you could save an average of $470 on your auto insurance. That's a lot of money in just a few minutes with savings like that. You could be lounging on an impractical amount of ornate and overpriced throw pillows he.
"cayman islands" Discussed on TalkRadio 630 KHOW
"Says impeachment managers are preparing for the impeachment trial, but did not say when they will take it to the Senate. Her first comments since President Trump was impeached for second time an FBI bulletin warning police forces there are credible threats that violent offenders may attempt to overwhelm law enforcement. In the days leading up to the inauguration in Lansing, Michigan State police Colonel Joe Gaspar says they're preparing for a weekend rally. This would be achieved by mobilizing troopers from a car. That's the state who are complemented by uniformed personnel from the Lansing Police Department. Ingham County Sheriff's Office and the Michigan National Guard. More than a week after the seas thousands of National Guard members flanking the capital, there are reports that people are traveling across state lines to get the covert 19 vaccine. ABC News contributor Dr John Brown stain There is the real concern about shortages right now, so some hostiles are reporting that they can't take new appointments. This is ABC News. Another federal inmate put to death under the Trump administration. Corey Johnson was the 12th inmate put to death at the federal prison complex in Terra Haute since the Trump administration restarted federal executions following a 17 year hiatus. Johnson's lawyers argued that the lethal injection would cause excruciating pain do the lung damage from his recent covert 19 infection. The execution late Thursday and the scheduled execution of Dustin Higgs today are the last before President elect Joe Biden takes office. Biden opposes the federal death penalty and has signaled Hill and the program Todd and ABC News New York City's M to is conducting an investigation. After a bus was left dangling over an overpass. It crashed through road barriers, plunging 50 FT. All eight people on board, including the driver suffered non life threatening injuries. The American teenager sentenced to prison in the Cayman Islands for violating the country's coronavirus laws is set to be released today. 18 year old Skylar Mac broke quarantine to see her boy. Friend compete in a jet ski competition. Trevor all to ABC News Rocket Morgan Super.
"cayman islands" Discussed on 710 WOR
"Yeah, There you go. Oh, my question is who's going to show up today? I don't know what's gonna happen the next 12 days. I mean, that's that's the real question. But that was Trump's video yesterday, or a lot of people saying behind the scenes. He was kind of forced into a You call that a hostage video earlier, Joe. I mean, Zoe's some ways it sounds that way, but anything he would ever say That's trump Yesterday. There you go. Morning. You guys want to be with us for a taste for the next two weeks because anything can happen if you let it in Trump land. All right. Time for the news at 9 30 from job are like Good morning, Joe. Well, yes, that's the top story here. The president now condemning the violence of the capital, telling those responsible. They're gonna pay and sounding conciliatory. I mean, you think he has it in his vernacular, But he was conciliatory. You almost didn't Yeah, Way to go. That was very sweet, Michael well, he sees admitted defeat, which he normally does not do. There are reports now that the president and his family are preparing to move out of the White House on January the 19th the day before the inauguration, But I think that's pretty standard anyway. Hey, is actually being run out of office right now. House Speaker Nancy Pelosi wants him to go now. She meets with Democratic leaders today to talk about impeachment. Now there's only 12 days left in the president's turn. It doesn't faze Pelosi and the Democrats, she says. Will act quickly says Trump can't be allowed to remain in a very dangerous person who should not continue in office. This is urgent. This is emergency of the highest magnitude. Now I'm gonna ask you what How do you feel about this? This guy's dangerous for 12 days. We, you know, have to. Well, you know what? We had reclined, the ABC political director, he was making the point that this could carry past his presidency. And the reason for doing that would be to ensure he doesn't hold another government job. He doesn't run for president again. So I guess you know you can go to me. It doesn't make sense because he's done in 12 days anyway. But if from that standpoint, if they want to punish the guy in some way, I guess they could do it. So they don't think he's finished based on his behavior over the last couple of weeks and months that he could come back again. You really do you think that we fought chose 74 million people voted for these guys know I ate a lot of followers. Now, as one of the protesters said five million. If they counted all the boats correctly let it would have been a sorry I miscounted. The Capitol Police chief Stevens son has resigned amid criticism about security failures at the capital for that riot. The Capitol police say they were expecting a peaceful demonstration, not a Bob. S so this guy has stepped down and a Capitol police officer who was injured in that Malay has died. They issued a statement last night, saying Officer Brian Sick, Nick was injured in a confrontation with writers who stormed the capital. He apparently was hit on the head with a fire extinguisher and died last night. And Mayor de Blasio and Governor Cuomo. Locked in a power struggle. These guys can't agree on the time. But here's the issue is who should get the vaccine. The mayor would like to expand it to one be the one B group, which would include police officers. The governor says. You can't do that. I won't let you We don't have enough all right, and hold onto your wallet here. Bloomberg News Is reporting wealthy Americans are already bracing for sweeping tax hikes imposed by President Biden and his Democratic friends in Congress that will include an increase on people earning $400,000 a year. And, uh, big squeeze to twit trillions coming from corporations this, according to Bloomberg News, Biden wants to squeeze trillions out of the big corporations tax hikes that could be made effective beginning Now, 2021 even before he takes office. That means people and businesses don't even know how much they have to set aside Now you gotta say, Len. He's got a big huge spending plan. Billions for bailing out student loans. Billions for free college billions for pre K healthcare. You name it yada yada infrastructure. And it's only going to be paid for by taxes on people making $400,000 and more year Do you believe that one? Well, Trump blew out the deficit. He didn't seem to mind that so No, I didn't have got opposed to spending. The deficit is taxes. Who's gonna get taxed? Only people making 40,000. No, I think that's gonna work out. Yeah, well, see, That's the last to get passed, Congressman. We'll see. We'll see. Here we go. Whoa. Cayman Islands. Hello, Cayman Islands. A lot of money is gonna be headed to the Cayman Islands and telling you that Hey, The money is headed to Wall Street these days. We had a record close of the Dow yesterday, and.
Iran Contra | Bud |
"It's february ninth. Nineteen eighty seven. Eleven pm robert bud mcfarlane the former national security advisor to president. Reagan was locked in his home office in bethesda maryland. A suburban community on the edge of washington. Dc furiously typing away. Bud's wife john to has already gone upstairs to bed but bud can't sleep. He has a lot on his mind for weeks he's been mired in political scandal. That's rocked the reagan administration to its core. A scandal threatens to take down the president and everyone around it involves backroom deals shady arms dealers offshore bank accounts in the cayman islands and illegal covert operations. They're calling it. The iran contra affair bodies known for being tightly controlled even intense would all day long. He's been feeling unhinged as he hears voices of newscasters swirling through his head. Evening some officials here are calling it the worst scandal of the reagan presidency and costing him a top adviser. The president was still maintaining today. That is iranian arms. Deal was not a mistake. The attorney general said later former national security adviser mcfarlane had also been aware of the escape. A major turning point was a few weeks. Back during reagan's state of the union address but hasn't been able to get out of his mind. I took a risk with regard to our action in iran. It did not work. And for that i assume full responsibility the goals were worthy. We did not achieve what we wished and serious mistakes were made in trying to do some serious mistakes with buds. Name all over them his misdeeds her public knowledge now and people in congress want to exact their pound of flesh in just a few hours but is scheduled to appear before the tower commission and investigative body appointed by congress to look into the iran. Contra scandal he'll be forced to answer difficult questions about his activities potentially illegal activities during his time in the white house but is a marine marines are trained to fight not navigate a swamp of scrutiny partisan politics his entire life. All he wanted to do was serve his country now he feels like he's failed and if he does go down all his ideas for international relations will never be heard so he types and types deep into the morning essays covering everything from arms control with russia to diplomatic relations in the middle east recommendations for his former boss. President reagan who didn't to listen even when bud had his ear. Maybe he'll listen now but something else. To handwritten notes was wife john. The woman with whom he spent the last thirty three years of his life asking for her understanding and forgiveness. He gets up from his desk walks to the kitchen and puts a stack of papers on the counter with the letter to his wife on todd then he pours himself. A glass of red wine reaches in his pocket. Pulls out a bottle of pills valium he puts one in his mouth and uses the wind to wash it down and then another and another methodically until every pill in the bottle is gone in all bud. Swallows thirty tablets. you bows. His head says a quick prayer before heading upstairs when he climbs into bed. Jonah is still awake. She can send something. That's different but what's wrong. Nothing but reaches over and takes her by the hand. I just wanna hold you for the good night. good night. John kisses him on the cheek. It's all part of their nightly routine but denied but knows in might be the last turns off the light plus is is weights.
Teen jailed for violating COVID-19 restrictions gets lesser sentence
"Teen in jail in the Cayman Islands for breaking the island Strict Cove it restrictions has now received a lighter jail sentence and an appeal Tuesday, A judge ruled that instead of the original four months she was supposed to serve behind bars. That sentence has now been reduced to two months. Skylar Mac went to visit her boyfriend who lives in the Cayman Islands, but she violated the country's quarantine rules while she was there. Mac is a pre is a Mercer premed student who has actually appealed to the White House for help. More
Atlanta-based Delta avoids US tariffs by sending new Airbus jets on a world tour
"Yeah, they're still happening. China, Of course. Also we have put import taxes on a bunch of European goods. French wine Scotch whisky, Also Airbus airplanes. But Delta Airlines, a buyer of the aforementioned Airbus's has been reading the tariff, fine print and it has been paying off, said Philip wrote the story for Bloomberg. Welcome to the program. Thank you, Kay. So in in layman's terms here if you could. What is Delta doing with these new planes? Yes. Oh, does that's doing something really interesting with the new plans and instead of usually flying them to the U. S, as they have in the past. What they've done instead is fly these planes overseas. Essentially if the plane has any hours and flight, aside from the delivery to the U. S, and testing that would make it a use plan and no longer subject of tariffs because the tariffs only applied new planes. Very tricky. You gotta know the laws. So give me an example. They Delta plunks down. However much money. It is for a new Airbus And it takes off and flies to wear and does what Sure. So take one plane example. The A 3 21. Delta bought a plane from ever US, which was built in Hamburg. The plane flew from Hamburg to El Salvador. It stayed there for over two weeks. And then from there, it flew to the Cayman Islands and then a chance. Atlanta and, most recently, that plane's been flying between Atlanta and Montego Bay, and it has shaved the company. How much money would you guess? So based on the list prices of the aircraft it could have saved as much as 270 million, although airlines don't actually pay the list price for planes, and so the true savings could be much smaller than that, given that most airlines get massive discounts on new plane purchases, But still, Delta has decided it's worth it to go through this goat rope just to not have to pay. However many millions even single digit millions of dollars. It isn't Paris. Absolutely. I mean, the U. S. Has collected over $55 million in tariffs in the last one year or source and said Arabs came in what I hear you saying is that other airlines are not doing what Delta is doing. And they are paying that there's Yeah, that would seem like it. It would seem like those airlines are being charged with tariffs. We should be clear to. This is 100% legal, right? I mean Delta's going by the letter of the law. Absolutely. I mean, the entire strategy rests on the language that classifies the plane as you was once they've flown for any reason other than for testing and delivery. Even as clever as it might be. And as money saving, as it might be. There is some institutional inertia and some inefficiencies that Delta is dealing with here, right? Absolutely. I mean, the fact that they wouldn't really be able to import those plane directly into the US and obviously, that means you have to sort of find places for those planes. In the meantime, it does have some impact on the efficiency. But then remember that you have the covert crisis of the moment. And that sort of helps because you don't need so many plans at the moment, given the fact that there's so many plans that on the ground at the moment, and airlines are trying everything that they can to save money, so this is one sort of tool in the arsenal. Said.
Miami - South Florida under Tropical Storm Warning as Eta strengthens
"And ate his path. The storm is in the Caribbean, moving toward the Cayman Islands in Cuba as a 10 P.m. eastern last night. Eight is maximum sustained winds were 35 MPH with stronger gusts. According to the National Hurricane Center. The storm was about 275 Miles west southwest of Grand Cayman. And moving northeast of 12 MPH. The tropical depression is expected to skirt the southern coast in southwestern coast to Florida beginning Monday, the storm could strengthen backto a tropical storm status by early next week. The lettuce
Cayman Brac Beach Resort
"I started the your next dive segment here on scuba Shack Radio a year ago as a way to talk about some of the great places to dive today is the 10th installment of your next dive off and we're going to complete our adventures in the Cayman Islands with a visit to Cayman BRAC where we'll stay at the Cayman BRAC Beach Resort and dive with Reef divers. As a recap we talked about the Little Cayman Beach Resort in episode 19, and then we went to Sunset house on Grand Cayman in episode 32. So let's explore the third island. My experience with the Cayman BRAC Beach Resort is a little dated. We had a shop trip their way back in October of 2006. So I'm guessing things maybe a little different job after fourteen years, but I'm also guessing a lot is probably the same. The Cayman BRAC Beach Resort is part of the clearly came and dive resorts that include Little Cayman Beach Resort and Cobalt Coast Resort on Grand Cayman off. This Collective of resorts is owned and operated by the Tibbetts family a prominent family in the Caymans since the Seventeen hundreds. First off Cayman BRAC is a little easier to get to than Little Cayman the Charles Kuykendahl International Airport located on the western end of the island package is very close to the beach resort and it has a Runway that's big enough to land 737 Jets. There are many more options to get to the Brock than the small twin otters flying the linkage came in plus the runway has lights so you don't have to worry that much about getting getting dark and that was an adventure we faced last year when going a little Cayman As I mentioned the airport is very close to the resort and you get picked up by The Resort staff for a short ride over. Now the resort has had some major Renovations since we were there several years ago. It sustained some significant damage from a hurricane. And from what I've read. It had to be almost completely built and it was finally finished in 2015. Today they offer 40 rooms. They're building is a two-story structure with all Beach and pool views with all the amenities you expect as for your meals. You have several options for different meal plans. I'm always up for the all-inclusive meals. I like not having to think about going out and finding a place to eat. That's not everybody's cup of tea. But if you do get the are inclusive me off and you won't be disappointed. Let's talk about the diving first. You'll be diving with Reef divers. It's the same operators as on Little Cayman. They tout themselves relay diving. They handle all the heavy lifting. Reef divers operates for Newton dive boats of 42 to 46 feet my favorite dive boat. They'd have big sister little sister ocean sister and coral sister. There are about in seventy named dive sites around the island and many of them are clustered around the Western end making for some short boat rides. Some folks feel like the diving isn't as good on the Brock or Grand Cayman as it is on Little Cayman for me. All three are fantastic and I would certainly not pass up an opportunity to dive Kathy Brock. Because it has been a while since I was there I went back to my log book to see where we drove. We did eighteen Dives on that trip. Now one of the things they do is a morning run off over the Little Cayman where you get to do two Dives on Bloody Bay wall. So you do get a little taste of the Little Cayman. I logged bottom temperatures for all the Dives at 86° Fahrenheit and that was in October and we routinely had dies between fifty to sixty minutes. We were able to talk to Dives on the MV Captain Keith Tibbetts the signature wreck our night dive was at a site called Elkhorn forest. And then we went back the next morning to dive the site during the day. That was pretty cool to see the difference. There isn't any shore diving from the Brock Beach Resort. But if you get the package like we did a 2018 Dodge is a pretty good week. Reading through the log book brought back some great memories and makes me want to go back. Let's hope the Caymans open up again early next year. So that completes our thoughts are of the Cayman Islands here on scuba Shack radios your next
EU adds 4 jurisdictions to its blacklist of tax havens
"And the European Union has added four countries in jurisdictions to its blacklist of tax havens the you finance ministers decided today to add Cayman Islands Panama and the Seychelles among others to list of jurisdictions that have not implemented the necessary tax reforms to be in line with EU
Magnitude 7.7 earthquake hits between Cuba and Jamaica
"A powerful seven point seven earthquake struck the carribean chicken parts of Jamaica and Cuba shortly after two PM most dummy wave was observed at Georgetown in the Cayman Islands shaking was felt as far away as Miami and reports began surfacing on social media that high rise buildings were felt swing the earthquake was the strongest to hit the region a magnitude eight quake struck on August fourth nineteen forty six this was also the strongest earthquake anywhere on the globe the magnitude eight quake hits near Peru on may twenty sixth a magnitude six point five aftershock happened near the Cayman Islands shortly after the main quake you're listening to USA
Why Does America Use Fahrenheit Instead of Celsius?
"Today's episode is brought to you by the podcast food three sixty host mark murphy celebrity chef and run tour with help from his friends. The restaurant industry takes a three sixty. Look at the world food food history science and culture tuned into food three sixty with new episodes every friday could listen and subscribe on apple podcasts iheartradio app or wherever you get your podcasts look to brain stuff production of iheartradio brain stuff lauren boban here. If you're an american you've ever ever had a conversation with someone from another country about the weather. You've probably been a little confused when he or she said the afternoon. Temperature is a nice twenty one degrees to to you that might sound like a chilly winter day but to them. It's a pleasantly warm springtime temperature. That's because virtually every other country throughout the world uses the celsius temperature scale part of the metric system which denotes the temperature at which water freezes as zero degrees and the temperature at which boils as one hundred degrees but the u._s. u._s. And a few other holdouts the cayman islands the bahamas believes in palo clinging to the fahrenheit scale in which water freezes at thirty two degrees and boils at two hundred and twelve twelve that means that the twenty one degrees celsius temperature that we previously mentioned is the equivalent of a balmy seventy degrees fahrenheit in the united states. The persistence of fahrenheit is one of those puzzling american idiosyncrasies like how the u._s. uses the word soccer to describe what the rest of the planet calls football so why is it that the u._s. Us uses a different temperature scale and why doesn't it switch to be consistent with the rest of the world. There doesn't seem to be a logical answer except perhaps inertia americans generally. I don't really seem to distrust the metric system. A twenty fifteen poll found that just twenty one percent of the public favoured converting to metric measures while sixty four percent were opposed it might make more sense of fahrenheit was old school in celsius with some modern upstart a sort of the new coq of temperature but in reality they were created only about two decades apart part fahrenheit was created by its namesake. A german scientist named daniel gabriel fahrenheit who in the early seventeen hundreds was the first known person design alcohol and mercury thermometers that we're both precise and consistent so that any of his instruments would register the same temperature reading in a given place at a given moment thanks to his working skill in managing glass when fahrenheit started out the key thing he was interested in was coming up with the same temperature reading all the time not comparing temperatures of different things or different times of day but when he presented a paper on his system for measuring temperature to the royal society of london in seventeen twenty four he apparently realized that he had come up with the standard temperature scale as well. We spoke with don hilfiger a research meteorologist to colorado state university's cooperative institute for research in the atmosphere and and also president of the u._s. Metric association a group that advocates conversion to the metric system he explained basically the fahrenheit scale was devised a zero as the coldest oldest temperature for a mix of ice and salt water and the upper end was thought to be body temperature approximately ninety six degrees fahrenheit making a scale that could be progressively divided by two do this resulted in the freezing melting temperature being thirty two degrees fahrenheit not very useful number. The boiling temperature for water was then set at two twelve again not not a very useful number the temperature's one hundred and eighty degrees apart again a multiple of two nevertheless the system apparently sounded pretty good to officials officials of the british empire who adopted fahrenheit as their standard temperature scale which is how eventually became established in the american colonies. Well meanwhile though in seventeen forty forty two a swedish astronomer named anders celsius came up with a less unwieldy system based on multiples of ten in which there was precisely a one hundred degree difference between the freezing and boiling temperatures of water at sea level the neat one hundred degrees symmetry of the celsius scale made it a natural fit for the metric system which was formerly developed by the french in the late seventeen eighteen hundreds but the english speaking world nevertheless clung stubbornly to its preference for awkward units such as the pound in the inch and fahrenheit went along for the ride but finally in nineteen sixty one the u._k. Met office then called the u._k. Meteorological office switched teasing celsius to describe temperatures in weather forecasts in order to be consistent with other european countries. Most of the rest of the world soon followed suit with the notable exception of the u._s. Or the national weather service still publishes temperature data atta in fahrenheit. Even though its own staff long ago switched celsius hilter explained the n._w._s. Catering to the public by reporting in degrees fahrenheit whereas whereas much of their operations such as forecast models used degrees celsius and automated weather observations the temperatures recorded in celsius as well should we choose to metric chicken weather reports the fahrenheit layer. That's now added for the u._s. Public could be removed. We also spoke via email with jay hendrix who heads the u._s. National institute standards and technologies thermodynamic meteorology group he points out that the fahrenheit scale does have one significant advantage quote. It has more degrees over the range range of ambient temperatures that are typical for most people. This means that there's a finer grain temperature difference between seventy degrees fahrenheit and seventy one degrees fahrenheit then there is between twenty one degrees celsius twenty two degrees celsius since a human can tell the difference of one degree fahrenheit. This scale is more precise for the human experience on the other hand though the advantage goes away. If a fractional temperature in celsius used hendrix explained for example the equivalent celsius temperature for seventy and seventy ninety one fahrenheit are equivalent to twenty one point one and twenty one point seven degrees celsius. Today's episode was written by patrick j tiger and produced by tyler clang brainstorms production of iheartradio's. How stuff works for more on this and lots of other topics that humans are sensitive to visit our home planet. How stuff works dot com and from our podcast iheartradio visit the iheartradio app apple podcasts or wherever you listen to your favorite shows they i would much rather story that you tell off. My daughter was beaten to death. I'm katherine townsend host of the true crime podcast helen one gone and i'm heading back to arkansas on a new case to find out what happened to janey ward on september ninth nineteen eighty nine when there's no justice done it hurts. A lot of people floors listened to hell and gone. That's h. E. l. l. and gone on apple podcasts or on the iheartradio app or wherever you get your podcasts.
Frank Clark vows that Seahawks' Richard Sherman era over
"Austin extra will be available short week doesn't seem enough time. For those guys to get rid comes the northwestern kid. Here comes the northwest. Justin, Justin Jackson. Irie comes also Philly rib as close aired out Thursday night eight that kid was ready for his close up against Pittsburgh on Sunday night football. Here we go. Anything on Spencer where tyreek hill on that front. Have not seen anything. Yeah. Me. See let me look it up. Here. You got something that yet? Okay. Tyreek hill expected to practice today, Spencer where and Sammy Watkins not. Yep. Oh, yeah. There you go. Tyreek hill returned to practice. Andy Reid said he's moving around. All right. And should be okay. For thursday. All right. Spencer where did not practice? You sent me this thing. Berry Jackson down in Miami said Ryan tannehill confirmed for the first time that he has stem cells banked in the Grand Cayman islands to use. If needed to quote, improve my quality of life or help them heal from future injuries had advanced stem cell treatment at the Regina came in in two thousand seventeen. Is that legal? That's the worst. John Grisham story. I've ever heard the follow up to the firm. Let's go to the Grand Cayman check on ten June who's gonna break in. Let's let's let's let's drug up, gene. Hackman and go grab tannahill stem cells. That's the worst Grisham novel. I've ever heard Tom Cruise looks exactly the same. Okay. Or is that is that the the dolphin brief? That'd be the dolphin brief. Nice. Where do you stand on these NBA conspiracies Keno last year? It was the flat earth that kind of dominated with these guys. Okay. Well, Debbie heard the latest one says he didn't see thought. Steph. Curry was on the wing and podcast and Ken bays, more and said, they believe the moon landing. Never happened the hell. And now a rep from NASA was talking to TMZ said this day will invite a curry to check out the lunar labs and all the evidence that proves that a really went down. And Houston spokesman said, quote, there's lots of evidence NASA landed twelve American astronauts on the moon from eighteen sixty nine nine hundred seventy two we'd love Mr. curry to tour are lunar lab at Johnson Space Center in Houston wins Golden State of Houston next March. Now what we're doing on March? You wanna put anything officially on the record rich? Do you think the moon landing happened moon landing happened? Okay, moon landing happened in. This is a is a round orb. We're spinning around on right now. Third rock from the sun. What's your absurd in your mind? The flatter. The flat earth come on. Just because you drive a road. And you don't fall off. It does not mean that we're. I don't even. Look, you know, what I knew that. We. I'm so glad we're getting an editor system since a bona fide newsman Jeremy shops brought to join us. You know, when the news segment is over when you say the words a NASA spokesman reached out to TMZ. No, it's over. So thank you. Chris