36 Burst results for "Dante"
A highlight from VISA EXPANDS USDC STABLECOIN USE WITH SOLANA & ETHEREUM - SEC GARY GENSLER GRAYSCALE BITCOIN ETF DELAY
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the like button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and doesn't cost you anything. Well, folks, today we got huge news around Visa and their expansion of the use of the USDC stablecoin. We continue to see the biggest companies in the world in TradFi, banking, credit card companies, stock exchanges getting involved in crypto. And this is a trend that is not ending and it's not ramping down. It's ramping up. And, you know, we saw earlier this year BlackRock, some of the biggest names just entering the market. It's so bullish. I know right now the price doesn't reflect that. Remember, market cycles are playing out. We are coming out of the bear market. We had a rally. Bitcoin is building up momentum. There's macro factors, but the halving is next year. And my OG listeners and subscribers, you know what to do. You buy the blood on the streets, you buy the lows and you hodl and the next bull run will come back. You sell the top. Once you understand the market cycles, you know what to do. You have confidence. You have a strategy and you follow that strategy. So here's the headline folks, Visa expands stable coin settlement capabilities to merchant acquirers. So Visa, of course, one of the global leaders in payments and their credit card processing and much more, they announced its next step in modernizing cross -border money movement. Visa is expanding stable coin settlement capabilities to the high -performing Solana blockchain and is working with merchant acquirers, WorldPay and NuVay. Through live pilots with issuers and acquirers, Visa has already moved millions of USDC between its partners over the Solana and Ethereum blockchain networks to settle fiat denominated payments authorized over VisaNet. Folks, I mean, do I need to even say this is bullish news? This is incredibly bullish, right? These are the news items that I'm paying attention to and I'm watching what they're doing and building and they know what's coming folks. The price is down, the market is boring right now, a lot of people have left, a lot of people have sold, a lot of people are in fear and scared, but the smart money is investing and building and we're seeing some of the biggest companies, the biggest brands in the world are getting involved. Now here's what Coy Sheffield, who is the head of crypto at Visa, and I'm actually trying to get an interview with him. Here's what he tweeted and I think it's very insightful. He said, when a consumer uses a Visa card to make a purchase at a merchant, they experienced the convenience of instant payment authorizations. What they don't see is the value of their purchase needs to move between their bank, the issuer and the merchant's bank, the acquirer. So this is the settlement item that many consumers are not seeing or they're not concerned about, which they shouldn't be, right? They just want to know that it works. But right now, before I should say blockchain and the ability to settle instantly because of blockchain solutions, this was a weeks, days long process to move money because it's essentially an IOU and you have to trust these banks and there's nostro -vostro accounts that are set up around the globe to be able to process different currencies. And we know like folks at Ripple, they're trying to solve the same problem and Visa is trying to do it here with USDC. He continues, he says, Visa's treasury and settlement systems enabled a clearing settlement and movement of billions of dollars a day, making sure the preferred currency is received in the correct amount from the issuer and sent to the acquirer. In 2021, we began testing how we could use USDC between or inside our treasury operations leading to a live pilot with crypto .com where we now accept settlement payments for their card program in Australia over the Ethereum blockchain to a Visa managed Circle account. Now I know there are a lot of people who don't like Ethereum because of the Bill Hinman, Joe Lubin situation with the SEC, but I personally hold Ethereum, I'm bullish on it, I stake it and I'm accumulating it for the next bull market. It made me money in the past two bull markets, especially the last one, the 2020 into 2021. So I am not putting any feelings or emotions behind these things. I'm looking at the adoption and the building that's happening. So very bullish here for Ethereum. He says this enables a modern and convenient option for crypto native issuers to more easily manage their card programs, helping reduce the time and complexity of managing multiple bank accounts and international wire transfers. Now Visa has begun to pilot using our Circle account to conduct settlement payments on Bitcoin over the Solana blockchain to global acquirers WorldPay and Nuvei. WorldPay and Nuvei enable card acceptance for a diverse set of merchants across the world including a growing number of merchants interacting with the blockchain and crypto economy who may prefer to use USDC within their corporate treasuries over traditional fiat banking. Folks, USDC stablecoin is the second largest by market cap. Circle is fully regulated and we know they're treasuries behind USDC. It is backed by a BlackRock fund. It includes US treasuries. And many of you may have seen my interview with Dante Desparte of Circle. I literally published it this morning. We go through a lot of news, their recent stake acquired by Coinbase, their expansion to Latin America, the BlackRock reserve fund and much more. So make sure you check out this interview with Dante if you want to learn about USDC. But Coy continues here, he says Visa can now settle these payments to WorldPay in USDC enabling WorldPay to more flexibly manage their own treasury infrastructure and route the USDC directly to their merchants with less worry about wire cutoff times and bank holidays. He said, it's still early days, but Visa has already settled millions of dollars of USDC over Ethereum and Solana blockchains between our clients. We are committed to continuing to innovate around how we can move money and providing our clients modern options for settlement. Folks, this is the token economy I've been talking about for a long time. It includes stablecoins, cryptocurrencies, digital assets, tokenization, and much more CBDCs as well. So we're seeing stablecoins are being used by big TradFi institutions like Visa and Mastercard and many others. So very bullish news here. Now here's what Jeremy Allaire, CEO and co -founder of Circle had to say. One of the things that I am most excited about regarding this new expanded use of USDC by Visa is the fact that USDC is being used as a core settlement layer within the Visa network, a more real -time global alternative to traversing Swift and various ACH rails.
Fresh update on "dante" discussed on The Charlie Kirk Show
"OK, I want to play this tape here, Anne, and then have you react to it before I do. Anne, do you want to introduce it? Just kind of tease out the circumstances of all this and then we'll play the tape. Yes, this is the Barrett Vice Dean Kristin Herman speaking in a meeting with me and the Dean, Tara Williams. And ASU has said over and over they did not say what you were and were not allowed to say. They did not censor speech. And things went sideways. I understood the deans didn't like you. They didn't like Prager. So I started recording. I recorded a lot. And this is just one of the recordings of Barrett Vice Dean Kristin Herman saying exactly what ASU has been publicly denying for months, publicly denying. And they wanted to censor my remarks. Play cut ninety one, please. What I want to know, Anne, because it's really for you as the executive director, that their conversation is about health, wealth and happiness, as you suggested it will be, and not about higher education or or anything that could be deemed as political or turned into a political platform, that we're not leveraging any of those conversations to make political statements that are going to alienate our audiences. Anne, that's some pretty powerful stuff as this has just been aired before this aired on the Seth Leibson show just on Monday, but to a local audience, this has never been aired to a national audience. So I've released the transcript of this to ASU publicly. And I guess people just have to hear it in the voice of an ASU dean that, look, you did try to limit what Charlie and Dennis and Robert could or could not say. I'm wondering, do they give these parameters to Ibram Kendi when he comes to campus, when the Clinton Foundation got paid, as we learned in the hearing on Monday, half a million dollars for Hillary Clinton to speak at ASU, did ASU give her parameters for what speech was and was not acceptable? There are two standards at ASU. Evidently. So, Austin, you hear this, not only is ASU lying, but they're in full retreat mode. You could tell Michael Crow and the PR crisis team there. They planted these stories yesterday, which I think is hilarious. Arizona Republic, one after the other. Republicans called to gut ASU funding over free speech. Is Twilight Zone level crazy? Two things. The clip that was just played earlier in the year when we had our free speech committee and was there testifying. And she said those words verbatim what the dean told her. Do not let Charlie or Prager or Kiyosaki bring up anything political. And I said, does the dean think that you're a mind reader and that you're going to prevent somebody from speaking about health, wealth and happiness? I should have brought up and I'm like, I'm like the reason why they say that. Don't let them talk about anything political because health, wealth and happiness are inherently good human conservative values that they despise. And so second thing here, ASU is in full retreat. We've got them on the ropes. You got people like Michael Crow who wrote a book this year about, you know, any politician that doesn't support all these climate change policies are idiots and morons. I'm like, that's the culture at Arizona State University. That's what they truly believe in. People who are not brainwashed, moronic Marxists like them. And so now you've got them sending out their because the media does a great job in Arizona playing cover for the Democrats and the higher universities. And we're done with it. And next legislative session, the issue should be very weary during the process coming up right now. Right. I mean, you guys have we'll go back into session in January and we got to get the budget. That's the most important job as legislators. And there is an appetite, Charlie, what you're talking about for this, that we can't just keep saying because conservatives for the longest time have run into situations or been approached by people like and that we've got to do a better job of protecting free speech on college campuses. Well, the rubber has met the road now. People demand answers. They deserve accountability. People like Ann and Lynn Blake deserve accountability. And so do the taxpayers of the state of Arizona. So, yeah, ASU is on the meat grinding row right now. So and what does a in-state Arizona student pay at ASU now? What is an in-state student pay? Eighteen thousand plus, plus, plus. So you're twenty five thousand easy all in and out of state is like ridiculous. Right. Sixty seven. Ridiculous. Yeah. Sixty, seventy. Hence ASU's push to have more international students. They're trying to appeal to be a university of the world to attract more high paying international students. That's why ASU has partnerships with the Chinese Communist Party, with different different countries all over the world. That's why they're trying to have learners that are not degree seeking, but that they're Yeah. So it is. And I'm going to ask some things off the top of your head. Can you just kind of help me understand the finances? So there's a one point two five billion dollar endowment. That's a big number. I'm sure some of its land and some of its restricted gifts and there's like a four billion dollar budget. Is that right, Austin? The whole place costs four billion dollars to run. That doesn't sound right. There's no way. Well, I mean, part of it, too, though, Charlie, is that every single year up until about covid, tuition consistently rose at Arizona State University and in the Arizona Constitution, it says that public universities tuition should be low to as free as possible. And that's not the case anymore. It continually rises, rises and rises. The regents raise tuition because they just become a rubber stamp for places like Arizona State University that and was talking about that attract international students to raise tuition. It's just a cash rack. It's just a racket and there's no accountability for it. So and they said they fired you because Tom Lewis pulled his money after the controversy around the event. Is that true? And do you have any evidence of left wing people that have lost their job recently? No, you know, it's a lie. It's not true. I even offered new diversified donor funding and the Barrett Dean wouldn't have the conversation. The provost of the university knows this. We had the conversation and she didn't even say, let's find a place for the Lewis Center to continue. The Lewis Center and its values, which were about traditional American values, hard work, personal responsibility, those are not welcome at ASU today. So it was not true that I was let go just because Tom Lewis pulled his funding for this grant agreement. Here's the here's the proof part of well, one of the pieces of proof. Tom Lewis was funding multiple positions and everybody else, all the faculty members of the Lewis Center that were also 50 percent grant funded, kept their jobs. But I was the one to go for the reason of the Tom's polling of grant funding. It's it's not true. It's not the case. But ASU stands behind that because it's it's easy to say. So the Honors College, which they say feels and functions like a small college within a large research university, is supposed to be the standard of excellence, right? They brag that it's the best of both worlds, that you get this kind of intimate environment, but you still get all of the benefits of Arizona State University. Can you just reinforce for our audience that is this the place of the pursuit of academic excellence or more and more ideological workshopping of a radical agenda? Is this a place where students are reading the great books and being immersed in Western values and getting their money's worth quite honestly? Or is it something that is closer towards trying to create more angry activists to deploy into the world? Well, it has the framework to be great. When I was a Barrett student, we read Plato and Socrates and Dante's Inferno. I mean, we read the classics and it was a small like a small liberal arts college within a big university. It was beautiful. But what happened is the same issue throughout ASU. They've hired radical members into their faculty. Faculty have academic freedom to teach whatever they want in their classrooms. And they've if you hire people that really want to teach witchcraft, guess what's going to come into the classroom. So, you know, Barrett had a great dean for the last 20 years, Dean Marc Jacobs, who believed in the balance of all of these things. And maybe he had some radical faculty, but he kept the overall big picture balance. But Barrett has a new dean who has not demonstrated any leadership. She's an administrator, Dean Tara Williams and the radical faculty have run rampant. You know, Michael Crow was offered a $50,000 bonus a year ago to make Barrett and W.P. Carey and Ira Fulton global brands, individually global brands. And I would say he's failing miserably with Barrett. It's very sad as an alumna to see what it has become, knowing what it could have been. I want to zero in on this for a second, because ASU to an untrained eye has become a model. People think it's this wonderful place. You know, Starbucks employees get like, I don't know, a free ASU course or something, right? Austin is something like that online course at ASU. But in the pursuit of expansion, Crow has obviously grown the university, but has he also introduced radical ideological elements, some of the worst left wing impulses imaginable? And it doesn't function, Austin, as a university as much as it does as almost a increasingly woke tech company with tens of thousands of customers that live on campus. Right. That's what it feels like. It doesn't feel like a college. Well, Michael Crow believes that he's like Elon Musk of Arizona when he's more closely to like Elizabeth Warren with what he believes in and what he tries to bring to Arizona State University and something that I just recently found out that ASU was ranked number one above like Michigan State, Penn State and MIT for global impact in advancing the United Nations sustainable development goals. What does that have to do with with producing the next generation of great Arizona leaders? And they're getting exposed to classes about witchcraft and having intercourse with the kraken. None of that prepares us to take on countries like China. And Michael Crow is leading the charge in the downfall of a great state like Arizona.
A highlight from Dante Disparte Interview - Coinbase Stake in Circle, USDC Reserves BlackRock Fund, USDC Digital Dollar CBDC, & Stablecoin Regulations
"This content is brought to you by Link2, which makes private equity investment easy. Link2 is a great platform that allows you to get equity in companies before they go public, before they do an IPO. Within their portfolio includes crypto companies, AI companies, and fintech companies. Some of the crypto companies you may recognize include Circle, Ripple, Chainalysis, Ledger, Dapper Labs, and many more. If you'd like to learn more about Link2, please visit the link in the description. Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. With me today is Dante Disparte, who's the Chief Strategy Officer and Head of Global Policy at Circle. Dante, it's great to have you on the podcast. Great to be with you. Dante, I'm so excited to speak with you because Circle has been doing a lot of great things. I'm a user of USDC. I've interviewed Jeremy Allaire a couple of years ago, and you guys are doing a lot. So I have a lot of questions. But before we get there, let's start with your background. Tell us about yourself, where you're from, and where you grow up. Sure. Well, yeah, great being on. And it's always good to start with the humanizing questions. So I was born and raised in Puerto Rico. And currently I live in Washington, DC. So my partly personal, as you can imagine, this is a labor of love being in crypto, but also partly about the unfinished work we have around the world with financial inclusion and just making the global economy much more accessible for people. But yeah, very excited to be with you today and looking forward to the conversation. Sure. And tell us about your professional background, because I did notice you were at the Diem Libra project for a while, in addition to other companies. Tell us a bit about that. Well, don't hold any of that against me. In fact, my joke when I joined Circle, in fact, for your listeners, my almost informal interview was the money movement episode 10. Episode 10, I was still at the Libra Association, where I was the vice chairman and one of the founders of the project. Jeremy invited me onto the money movement, and we realized that not only were we wearing the same pastel -colored polo shirts, but we were finishing each other's sentence. So now with the benefit of hindsight, I could look back at that and say, this Jeremy Allaire guy is kind of sneaky because it turns out that might've been my job interview. So the transition from a Libra to a Circle, at least for me personally, in many respects, it's the same vision and mission. The difference is obviously Libra was aspirational, never launched. Circle is operational, and we now collectively as a company get to prove that trusted digital dollars on the internet is a thing. It's a breakthrough innovation, and it's impacting real world, real people, and the real economy in real ways. So if you don't mind me asking, was Libra Diem too early, and was it a different environment? And also, you mentioned the business practices, right? The books and the certain things need to be in order as with Circle. Was that kind of the gist of it? It was just early and the regulators had a knee -jerk reaction? Well, so my personal calculus as an entrepreneur in the earlier part of my career, but as a risk and resilience person throughout my career, my personal calculus was win, lose, or draw. A project of this potential scale would change, if not the arc of the conversation, in many respects, the arc of innovation and finance, right? That you needed, not only crypto needed, but the agenda for a more inclusive global economy needed something to shake the system up, right? And so in innovation, we talk about moonshots, and I think Libra was a proper moonshot. But around it, there were also very clear determinative barriers around who can and for permission versus forgiveness in financial services. And a lot of crypto projects have come and gone under the basis of not really respecting any of the pre -existing rules and regulations around moving money. But so it was a very healthy experience. And I found myself obviously to be an honest broker in a very, very complex multi -stakeholder project and conversation since. And what was your first encounter with Bitcoin and crypto? When did it first start for you? Did you hear from a friend on a forum? And what was your aha moment? Yeah. Well, I came at it, actually it was, believe it or not, on Necker Island. I was invited in 2017. I don't often get invited to billionaire private islands, but if you do get an invite, I would strongly urge folks to go. Except of course, with my rotten luck, the year I went to Necker Island, I went in my capacity as a risk and insurance person. This is in 2017. And as you can imagine, at that particular era, a lot of crypto companies were looking for the legitimization of insurance. Today, it's the legitimization of regulation, the legitimization of policy, et cetera. But for a long time, the industry's journey has been this legitimization, challenger innovation looking for insurance protection. And so I went pretty deep. I started an insurance company and went pretty deep down the rabbit hole in sort of understanding what were the risks. And if you could understand the risks and transfer the risks financially to another party, then there's a market around this innovation. Except the year that I went was the year that flattened part of Puerto Rico. And so my journey into the crypto economy was, what unfinished work does this innovation have with risk, resilience, financial access, moving money in better, cheaper, faster ways? Over that same period of time, I was an advisor on the National Advisory Council of FEMA, the Federal Emergency Management Agency. And I was one of the leaders on the FEMA sort of arguing that we need these innovations domestically inside of the United States to provide for better, faster, cheaper movement of money and disaster assistance. And so that's been my arc in this space ever since. And I'm pleased to say where I think we're making progress.
A highlight from The Next Phase of Stablecoin Competition Begins As Coinbase Invests In Circle
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Tuesday, August 22nd. And today we are talking about updates in the circle and Coinbase relationship around USDC, followed by a number of macro updates. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review. Or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Happy Tuesday. So today we are going big picture and we're starting in the crypto sphere with some updates around one of the biggest stable coins in the space. The TLDR is that Coinbase and Circle are dissolving their center consortium partnership and restructuring the relationship between the two firms. The center consortium that governs USDC currently will be wound down and Coinbase will take a minority equity stake in Circle. The size of the equity stake was not disclosed, but one anonymous source said that no cash had changed hands as part of the deal. Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire said in their joint blog post that, quote, The nature of the investment means that Coinbase and Circle will now have even greater strategic and economic alignment on the future of the financial system. So let's take a step back for a moment. The center consortium was founded by Coinbase and Circle in October 2018 to establish the USDC stablecoin. The effort was originally envisioned as an open standards effort which could facilitate additional USDC issuers and broader industry participation. That said, since the consortium's founding, Circle has remained the sole issuer of USDC, with the center consortium acting as a jointly managed self -governance organization. As part of the restructuring, Circle will bring issuance and governance of the stablecoin completely in -house. In their blog post, the two companies explained that, quote, With growing regulatory clarity for stablecoins in the US and around the world, the requirement of a separate governance body like center is no longer needed. They said the move will, quote, Alongside the restructuring, the firms announced that USDC would be issued on six additional blockchains, bringing the total number of supported networks to 15. The firms didn't identify the new blockchains, but Circle had previously announced plans to support Polkadot, NEAR, Optimism, and Cosmos this year. Coinbase's new base blockchain would also make sense as one of the remaining additions, but was not formally announced. Now, revenue sharing of the interest earned on USDC reserves has become an increasingly important driver of profits for Coinbase over the past year. Coinbase earned $151 million in interest income from the revenue sharing agreement in the last quarter alone. The two companies confirmed that revenue sharing would continue under a revised agreement, stating that, will now equally share an interest income generated by the broader distribution and usage of USDC. In a tweet, Coinbase said they, quote, Executives from the two firms reinforced the idea that additional regulatory clarity and competition drove the decision. Circle Chief Strategy Officer and Head of Global Policy Dante Despartes said, Of course, in addition to newly arrived competition from PayPal, USDC has also been under recent pressure from crypto -native rivals. Since the March banking crisis, which briefly threatened a small portion of USDC reserves, the stablecoin has lost more than $17 billion in market cap. In the same period, Tether has increased its stablecoin market share by over $10 billion and is now more than three times larger than USDC. Discussions on Twitter around this had a lot to do with this idea of regulatory clarifications. Columbia Business School adjunct professor and former Paxo staffer Austin Campbell wrote, The reality is that Coinbase and Circle have held tightly to the Mint burn control and issuer status rather than expanding into an actual consortium. To some extent, this just validates this is the path forward for this partnership. Second, with more issuers of stablecoins arriving this year, PiUSD, FDUSD, etc., and others on the way, scale is going to become increasingly important, so these firms binding together to leverage that also matters. Third, I don't know what the public pathway is for Circle, but a purchase by Coinbase, which this ultimately sets up, is one pathway to get to that, and essentially allows Coinbase to have more control over cash on platform and cash management. Tommy Shaughnessy from Delphi Digital also brought up this idea of this as sort of a pre -merger. He wrote, Now the flipside interpretation is almost exactly the opposite, that Coinbase might have been coming up against regulatory pressure because of its vertically integrated regulated financial services. There has been a lot of scuttlebutt about how the crypto industry does away with distinctions that exist in traditional markets, such as separating brokerage and custody, and how part of the path forward from a regulatory perspective might be to reimpose those barriers. Bitwise researcher Ryan Rasmussen said, Now one thing to speak briefly to the decoupling of Tether and USDC over the last few months. This is something I've talked about before on this show, but I think has far less to do with a vote of no confidence in Circle and USDC and far more to do with a vote of no confidence in the United States regulatory apparatus. Circle and USDC have gone to pains to be as compliant as possible when it comes to issuing a stablecoin in the US, and the fact that they had a decoupling event and almost got screwed by the failure of a major US bank, even as the US government was putting undue pressure on the crypto industry via Operation Chokepoint 2 .0, I think increased the risk profile of USDC, not because of anything that Circle did, other than try to comply with US regulations. The move towards Tether and away from USDC is, I think, a reflection of the lack of regulatory clarity that we have. Overall, though, I also agree with the point that this just formalizes what has effectively been the case for some time now, and that sort of streamlining usually does make sense. Now, next up, let's move over to a macro update. The US bond market continued to sell off on Monday as long -dated Treasury yields hit fresh multi -decade highs. The 10 -year Treasury yield climbed to nearly 10 basis points to 4 .35%, a level not seen since 2007. Meanwhile, the 30 -year notched up by 7 basis points to reach 4 .45%. 10 -year inflation -protected Treasuries reached 2 % for the first time since 2008, and the 2 -year yield, which is sensitive to changes in Fed policy, moved up to 5%, coming close to previous peaks in March and July. The overwhelming sense in bond markets is that traders are positioning for continued tightness in central bank policy and potentially a re -acceleration in inflation. Recent macro data indicated the risk of another pulse of inflation with GDP estimates coming in scorching hot. Last week, the Atlanta Fed published the results of its GDP Now modeling, which forecast third -quarter GDP growth coming in at an annualized rate of 5 .8%. We haven't seen growth that strong since the final quarter of 2021, when the data came in at 7%. This is a complete reversal from economic concerns over the first half of the year, where below -trend growth and the risk of recession was front of mind. Zachary Griffiths, senior fixed -income strategist at CreditSite, said, Now, of course, one of the underlying narratives of the past 18 months of Fed policy is that the central bank is seeking to close the door on post -GFC zero interest rate policy, returning to most historically normal policy settings. These bond market movements could be a ratification of the Fed's strategy, signaling a growing belief that a return to the zero lower bound won't be required at the conclusion of this hiking cycle. Now, it's also worth putting this in context of upcoming comments. The bond market route comes just ahead of Fed chair Jerome Powell's speech at Jackson Hole, which is scheduled for Friday. Jackson Hole is the annual Fed symposium for the discussion of longer -term monetary policy strategy among central bankers and interested parties. Last year, the conference was punctuated by a brief and terse speech from Powell that had been apparently rewritten just before the event. At the time, the stock market was in the midst of a strong relief rally, and according to reporting, the Fed chair threw his prepared notes in the trash shortly before the speech. Instead, he opted to deliver the simple message that the inflation fight is not over and that it would involve pain to households and businesses. Andrew Brenner of Natalyon Securities thinks that expectations around Powell's speech could already be providing tailwind for bond traders betting on higher yields. He said, Now, lastly today, a brief China update. For more background on this, go listen to my episode from last week, where we did a bit of a primer on the China economic situation, which is increasingly coming to dominate macro conversations in the U .S. as well. Chinese banks have held a key interest rate steady this week in a move that surprised economists. The five -year loan prime rate was held at 4 .2 % on Monday, according to data from the People's Bank of China. Economists had expected a 15 basis point cut to the rate which prices retail mortgages. The choice to keep rates steady represents lenders choosing not to pass last week's cut to central bank policy rates onto borrowers. Now, the decision is highlighting the dilemma facing Beijing. Policymakers are seeking to drive borrowing in an attempt to combat deflation, while at the same time needing to preserve financial stability in the banking sector. Allowing banks to capture a little more of the interest rate spread should preserve banks' revenue and profitability. This concern was highlighted in a report from the PBOC last week, which said banks need to maintain Goldman Sachs economists wrote in a note, Chinese stocks continued to fall on Monday, with the iShares China large cap ETF now reflecting a full retracement of price action dating back to 2006. Offshore yuan pricing also softened by 0 .3%. Ten -year bond yields fell to 2 .55%, the lowest yield since 2020. The Chinese government has signaled more urgency in shoring up lending, urging banks to expand credit growth amid a slump in borrowing demand. Deflation pressures also continue to mount, with simultaneous trouble in the housing sector and an as -yet unresolved liquidity crisis at major shadow bank Zhangji. And really the big theme is the continued lack of decisive action out of Beijing. This policy of cutting central bank rates while allowing mortgage rates to stay flat at commercial banks kind of continues that weirdness. Bloomberg economist Eric Zhu said, Second, it could be a signal that other non -monetary policy support is in the pipeline. These policy settings might indicate that Beijing is attempting to navigate the economic downturn without taking measures that would reaccelerate housing prices. China already has some of the most overpriced property on earth, and President Xi has been clear that he wants to put an end to excessive housing speculation. Bruce Pang, chief economist for Greater China at Jones Lang LaSalle, said that the policy actions send a signal that, In some ways, this more moderate intervention could represent a transition away from the infrastructure -heavy, growth -at -any -cost mindset of a pre -pandemic China. In remarks released over the summer, President Xi expanded the scope of national success outside of growth, emphasizing national security, risk preparation, and lower pollution. Michael Herson, a former U .S. Treasury attaché in Beijing, commented that, that local officials should stay disciplined against financial risks and not chase short -term goals, but now they are also being told to support growth. Many officials are thus likely to see the safe course of actions as taking modest efforts at stimulus, but nothing particularly bold. So, taken altogether, this really still leaves us in a very liminal in -between moment. In crypto, we've got USDC and Coinbase preparing for an anticipated regulatory clarity coming down the pipeline, but which still isn't there. Fed watchers policy are trying to grapple with what might come next, and different and conflicting signals in again another wait -and -see period. And then in China, they continue to thread a needle between political goals and economic goals, while all around, continued global realignment is happening. A quiet August may be in some ways, but with, it seems, a lot of change building under the surface. Anyways, friends, that is going to do it for today's breakdown. I hope you enjoyed, and until tomorrow, be safe and take care of each other.
Marine veteran who fatally choked NYC subway rider Jordan Neely is freed pending trial
"A U.S. Marine veteran who used a fatal chokehold on a man on a New York City subway car this month has been arraigned on a manslaughter charge and released on bond. After prosecutors said they were filing charges against Daniel penny for the encounter earlier this month, his lawyer says the 24 year old surrendered voluntarily and with integrity. Integrity and honor that his characteristic of who he is, characteristic of his honorable service. The prosecutors are seeking a grand jury indictment. Penny had to surrender his passport and promise to remain in New York City. A lawyer for the family of victim, Jordan Neely, says yes, there were mental health issues. But this isn't how the homeless should it be treated. For everybody saying, I've been on the train and I've been afraid before, and I can't tell you what I would have done in that situation. I'm going to tell you, ask how you can help and attorney Dante mills says penny should have known a prolonged choke hold would lead to death. Don't attack. Don't choke. Don't kill this case has stirred outrage in New York City because penny was not immediately charged. And no one on the subway intervened. I'm Jackie Quinn
Minnesota officer who fatally shot Daunte Wright freed
"The former Minnesota police officer who said she mistook her gun for a taser when she shot and killed Dante Wright in 2021, was released from prison today. The Minnesota department of correction, says Kim Potter was released out of an abundance of caution for her safety when convicted in 2022 she was given a two year sentence and had this to say. The family of doctor, right? I am so sorry. And then I brought the death of your son. Potter's two year sentence drew strong criticism from Wright's family and their attorney. She served 16 months under Minnesota law of those sent to prison, typically served two thirds of their sentence behind bars, and the remaining time on supervised release. I'm Julie Walker
Spurs set attendance record with 68K vs. Dubs
"An NBA attendance record was set at San Antonio was the warriors crushed the spurs one 44 one 13. The game drew 68,323 fans. Over 6000 more than the previous marks set when Michael Jordan's bulls played the hawks at the Georgia dome in March 1998. Golden State set a season high for points with Jordan Poole scoring 25 in Dante divincenzo adding 22. They were among 8 warriors in double figures. Trey Jones had a team high 21 points in the spurs fourth straight loss and 7th in their last 8 games. I'm Dave ferry.
Watch Out for People Who Practice Ingratitude
"People who feed off of bitterness in their life. And then especially people who are ungrateful, it is so repulsive to me. In gratitude is akin to the 7th circle of hell, which is treason. And treason, I really can't recall how Satan frozen in the ice, right? Dante is very bottom of hell, I think it's Satan, frozen in the people who are on grateful. Are the most miserable people in the world. And when you run into them, you know what immediately. I try to be grateful all the time. But, you know, I feel like everyone else, but I try to be and I'm aware of what I'm not. And I just think those 6, gosh, I would want my kids to turn out like those 6. I don't have any friends like those 6. If I did they're gone, people who practice in gratitude the way that other people practice charity are just the most miserable people in the world. And the ingratitude that was on display the pointless smearing of McCarthy, who was done so much for so many and got the Republican Party that gavel in the house. So I don't have to worry about the Supreme Court for two years. I don't have to worry about crazy stuff for two years. We do have to message. I'm going to talk about that a lot, but congratulations to Kevin McCarthy. He'd been working since 1987, and it's like it's such a great accomplishment for him. And he will be such a good speaker.
Kash Patel: Either Russia or China Sabotaged the Nord Stream
"The brookings institution cash which is the pee pee hoax place They are freaking out that me and me personally they wrote a whole piece on it today because I've been honestly covering the explosion at the Nord stream pipeline I'm very careful I do not know who did it I chalk it up to its probably either Russia or the United States Russia would do it because I believe Putin may be looking for a reason to escalate So they could say look we were sitting in meanwhile sabotaging his own pipeline U.S. we would do it because one it appeals to the greens and second it kind of creates more of a crisis to get NATO involved If we were looking for it I don't know which one of those things is true But brookings seems really concerned with me talking about it Why do you think that is Well we should take everything the brookings Institutes for a 100% truth value Let's just rewind the clock a little bit Brookings institute the employer Fiona hill the lady in between Christopher Steele eager Dante COFF and the total russiagate hoax Both of whom broke the law and she hired those people at brookings Now that they're personally attacking you Dan is because you're doing the job of reporting the truth and burying their donor class And you've got it right Dan I don't know I don't have access to the classified Intel anymore but former deputy director of national intelligence I have an idea of what these guys do My money's on the Russians or the Chinese I think the Russians did it or the Chinese did it to make it look like America did it Either way circling back to our conversation about nuclear warhead talk Vladimir Putin now has the ultimate justification from his perspective he thought he had it by the growth of NATO on the iron curtain in the country in the 80s We said would never join I'm not saying he's right I'm just saying from his perspective Right Now he has the ultimate And we're never going to be able to prove it What are we going to go deep dive into North Sea to 2000 feet down Exactly It's the perfect crime It's perfect And unfortunately the tragic for our national security
The Changes in Language and Mood in Dante's Divine Comedy
"I was talking last time about the different mood and even language in Dante's paradiso. And the language in the paradiso matches what Dante is doing in these kantos. The language and inferno was a somewhat crude language of distance. And by that I mean Dante the pilgrim is keeping away and should keep away from the evil spirits in hell. He doesn't want to become one of them. He wants to sort of step back and while he's willing to listen to them, the lessons that he takes from the sinners in hell are negative. Don't be like that. Don't do that or you're gonna end up like that guy. And in purgatorio, the language now moves. To a language that is a little more communal, you'll find that by and large spirits and purgatory aren't by themselves, they're in groups. And so you have this communal aspect to it. But at the same time, they remain distinctively individual. So that when one of the sinners steps forward, by the way, their sinners and in all three books, it's not like there are sinners and hell and sinners and purgatory, but no sinners in heaven. If heaven were for heaven was a place where you couldn't have sinners, it would be completely empty. So it's sinners all true. And this is important to know because it meets the objection. Well, ignorant objection that Paradise parodies was gonna be really boring to Nash because, you know, it's just gonna be a lot of holy people who don't commit Sims. No, you're gonna find out there's sinners throughout. Well, particularly in the kind of outer rings of heaven. Sinners whose lessons are just like an inferno negative. These are people who did wrong things and bad things, and they talked to Dante about them. And in that sense, there's a kind of consistency between inferno and purgatorio and
Dinesh Explores the Remarkable Meeting Between Dante and Statius
"We'll continuing the discussion between Dante and the Roman poet statius in on the high terrace of purgatory. One of the most fascinating episodes in the entire comedia. And Dante raises a question that should have occurred to you and all of us by now, which is, what is a pagan poet? Someone who as far as we know was not a Christian, what is he doing in purgatory on his way to heaven? And moreover, if statius was a disciple or a student of Virgil, how is it that Virgil? Belongs in limbo in the outer portals of hell. Virtual can not and as we'll see in the poem virtual can't go much further even in purgatory, even as a temporary guide, Virgil is going to have to quit. He's going to have to go back. And how is this guy statius moving on moving on in Ascension to the ultimate bliss of heaven? So Dante asks statius directly. From what you wrote in Clio's company, it does not seem that you have faithful then to that faith without which virtue is in vain. If this be so, says Dante, tell me what heavenly son or earthly beam lit up your course so that you could sail behind the fisherman. I mean, what a beautiful way to put a Dante's like, well, how is it that you are being counted among the followers of Christ, weren't you? A pagan? And this is statius. Now talking to Virgil. And saying something downright shocking. He says, it was you. It was you directed me to drink parnassus waters. So so far, no problem. It was you Virgil who taught me the art of poetry. It was you whose radiance revealed the way to God. What? Virgil, the pagan lead statius, another pagan, to Christianity, but how is this even possible? How can someone who doesn't know the light of Christ lead another person to Christ? What's going on here? And you're statius. With one of the most memorable analogies now in the, again, in the entire purgatorio. This is station talking. You were the lonely traveler in the dark who holds his lamp behind him, shedding light, not for himself, but to make others wise. So here statius saying that you Virgil are sort of like a guide, but instead of holding you a lamp in front where you yourself can see the light, you're sort of holding it behind you. You can't see. But what you're doing is you're clearing the way for others behind you to be able to see further and go further than you ever could.
Who Is Hugh Capet?
"But the main figure that Dante talks to is a guy named Hugh capet. Now Hugh cafe is the founder in France of the capetian dynasty, the capetian dynasty of ruling of ruling princes. And let's go through the text a little bit. On earth beyond I was called Hugh cafe. He's talking to Dante. From me have sprung the Louise's and Phillips rulers of France up to the present day. So you got babe saying that out of his line comes this profusion of French royalty and kings and even in Dante's time, which remember the poem is dated in the year 1300. You have various Louis of France and Philip of France and these are the descendants of cafe. And then you start talking about some of the things that his descendants did. While my descendants kept their sense of shame, they, through the words little, did no harm. So apparently it takes a little bit of a dim view of his descendants, but he goes, listen, as long as they had a sense of shame, they didn't go too far. They may not have done any great deeds or any good stuff, but they didn't do a lot of bad stuff either. But then says Hugh cafe, things changed in Dante's own time. And we have some very striking and remarkable lines, very memorable. And he says, I see the fleur de lis enter alania. So what's the Florida Lee? The symbol of France, the flirted leave. So I see the Florida Lee, his own descendants, by the way, now ruling France enter alania, a town in Italy. So the French troops are invading Italy.
Dante Considered the Terrace of Sloth a Deadly Sin
"And we're now in an interesting terrace called a terrace of sloth. And sloth is kind of one of those 7 deadly Sims that we are like, why is it even on a deadly sim? I mean, what's the big deal about slaw? It doesn't slot, basically the kind of. Recline on your couch, have some popcorn, watch TV all day, be a little bit of a bum. What's wrong with that? I mean, that may not be the most admirable thing in the world, and maybe it's even a vice if you make a habit of it, but why is it one of the 7 deadly sins? Can you think of other things that are sort of more deadly? And Dante's view is that that's because you don't understand what sloth is and what it means. And we, as we go through with Dante, we find in the terrace of sloth, some examples of slot.
The Battle of Monteverdi explained
"And what I want to do in this segment is complete my discussion of the terrace of pride and in the next segment I want to talk about the terrorists the next terrace, which is the terrace of envy. Now these are very big and bad sins and part of the part of what we learned from Dante is why they are so bad. What is it that makes pride the deadliest of the deadly sins? What is it that makes envy so destructive and so corrosive? Now, in the terrace of pride, we've met a politician named umberto, as well as an artist named Odyssey, both in a sense being purged and cleansed of the sin of pride. And now we're going to meet a third man and this guy's name is salvani. Now province I'm sylvani. Was the great Victor at the battle of. If you remember back to canto 5 of the inferno, we met this imperious character. Florentine, named farinata, and what he did was he betrayed his own city, Florence, and he made allies with Siena. And together, the ghibellines of Florence and the sienese army invaded Florence defeated the guelphs. That was the battle of Monty parity in the late 13th century.
Reflecting on Dante's Purgatory and Sordello
"We're continuing our journey with Dante the pilgrim through purgatory and when I left off last time Dante and Virgil were accompanied by this guy named sordello. And what's interesting about this poet sordello, he's a mantuan, same place in Italy as Virgil, but he doesn't know who Virgil is. He's already been pleasantly surprised to find out that he is with a fellow mansion, and of course they both embrace. And what's interesting about sordello is that he's sort of hangs around with Dante and Virgil for about three cantos. And this is really very different in purgatory than we saw in inferno. And inferno, you are in your circle Dante interacts with someone and then he moves on. You don't have any of the sinners in hell basically saying, you know what, Dante, as you move along, I'll kind of hang with you guys. But that is what happens with this guy saw Delos. So purgatory is a very different. It's a more hopeful place. And it's a place where things are, you may say more in a sense, more human. Now, in as the scene develops with sordello, Dante actually can't hold back Virgil is Virgil. So Dante is sort of spills the beans and then Virgil himself says, I'm quoting now. I am Virgil, the reason I lost heaven was through no other fault than lack of faith. So Virgil is saying I'm with Dante, but I don't really belong here. I'm gonna have to go back to limbo with the other virtuous pagans. I didn't have faith that would that would have saved
Why It's Valuable to Reflect on Dante's Purgatory
"We'll continue our journey through Dante's purgatory. And by the way, I should mention that a few people have written me through my website and said in effect, well, dinesh, it's a little uncomfortable for us to be hearing all the stuff about purgatory because we don't really believe in purgatory and, you know, you seems like you do, or at least you're giving purgatory all this attention and what's the, where's the purgatory mentioned the Bible? What's the theological basis for purgatory? Isn't this isn't this some sort of a Catholic thing and as protestants, we don't really go along? Well, I'm actually going to talk about this question on Friday. I'm doing a special episode of the podcast. It's just Q&A. And for one of the questions, I'm going to take this very issue up. And I'm going to discuss it in a little bit more detail. Again, I do want to emphasize here that what we're doing is we're kind of going with Dante. And what I mean by going with Dante is we don't need to settle the question theologically of purgatory. We're doing what in reading can be called provisional suspension of belief. By the way, we do this all the time when we think of it. You go to a movie, it's a horror movie. And the premise of the movie is that no one is allowed to speak. Once that movie called honey is a silence. So the premise of silence is that if you say a word, aliens from outer space, alien monsters will appear and immediately eat you. And you might say, well, that's ridiculous. That's never gonna. That's not really true, but you know what? Go with it. Suspend your disbelief because that's the premise of the movie and within that premise a story unfolds. So if you don't really believe in purgatory, no problem, do exactly that. It kind of suspended belief in which you're allowing Dante to develop this idea because there's still a whole lot that you can learn about. And of course, the concepts that we're discussing here, which is self examination, atonement, a deeper understanding of the nature of sin, the sense that we need to be to rid ourselves of sin all of this is completely relevant, of course, to the Christian
Daunte Wright's Parents Should Take Responsibility for His Upbringing
"Wright's parents were angered His father calling a slap on the wrist prosecutors had asked you to get powder a 7 year sentence While Wright's parents Should take some responsibility For the upbringing of their son who turned out to be quite the criminal at a very very young age They're lashing out at the cop I understand but Dante Wright would never have been in such a situation if he wasn't a criminal If he hadn't skipped bail if there wasn't an arrest warrant or bench warrant issued by a judge to find him and drag him back And if he hadn't used his gun to rob a friend a female friend of the rent that she had received if the she had allowed him and his friend to stay at her Apartment I guess for a night And that female friend testified how he put a gun to her head Or threatened her with his gun And that's not all Dante Wright had done in his short life Where he was playing with death playing with fire if you will for years And then this terrible accident occurred which we all saw
Kim Potter Sentenced to 2 Years for Accidentally Killing Daunte Wright
"And so Potter was sentenced today to two years in prison For the death of Dante Wright she thought she was firing her taser Now why is that The 26 year Brooklyn center police veteran as the New York Post notes was convicted of manslaughter in December for the fatal shooting which took place after tried to flee a traffic stop Video from the scene showed Potter shout that she was going for her taser though she'd mistakenly pulled her pistol She fired a single shot before realizing her mistake Now judge Regina Chu said during sentencing this is one of the saddest cases I've had on my 20 years on the bench This is a cop who made a tragic mistake She'll be available or eligible for supervised released after 16 months in prison
What Kim Potter Did Was an Accident, Not What Daunte Wright Did
"Remember Kim Potter police officer who had a stellar record Senior police officer she even trained other police officers On how to be police officers Remember what we saw in her body cam Remember we saw a guy by the name of Dante Wright Who did threatening things to her gets out of the car and while they're trying to handcuff him jumps back into the car she fears trying to reach for a weapon A real Legitimate interfere because Dante write had an outstanding warrant for a violent assault on somebody else In a long record did Dante write and he was a very young man and long record of using a gun to threaten people And to hit people in my view just a matter of time till somebody would get killed in this case it was thought they right And so we saw in real time how Kim Potter accidentally pulled her service revolver and shot Dante right as he jumped into the car reaching for something And she was prosecuted She was prosecuted They wanted to throw her in prison The mob the legal mob other mob members wanted to throw her in prison It's clearly an accident But all the things that Dante Wright did was not an accident They were not an accident
"dante" Discussed on TNCnow
"This writing for. He's the national At the at large end again he surrounding us one of our did at bergeford by their They're they're supposed to just take a picture of it so what he has done in the Again naming salama sir down there for for greasing this'll for representing the in telling us about you. You might be being. These are the basic things that uh surrealistic brokers as well as the public needs to know about the real estate professional ding Pebanaan paneling nonprofit isa saadoun window real estate profession void being Commission now you know my new battle at the sign on we will still have time for a cer- as out for having continues our informative. Our program like this big help to reconnect and giving advice from your guests out from the show. I have no commenting congratulate you as hosts the same time the at dow the one having that the ncaa luna alright. Thank you Virtual class the president of mr dante. Salama okay so that's all the time we have you back before we go. So mr data salama gets in the each woman body essentials. This is also a romance. Rose in great britain fruit disinfectant. Or your room in for your living room with also like to thank our sponsors. That's vissel blue chips marketing. A part of the vista land Global sales network and then also there's w. w. dot space for my biz dot com where brokers and your agents and your property listings. All or free that's www dot space for my biz dot com so again you know. I'm information filled afternoon. Miming go all our viewers to those who will be doing in in replace I'd like to thank you for trusting ryobi realities or anything under the sun about realestate in godless. All five thirty people in a few minutes are yemen overtime again. It's marketplace he. Nc marketplace at for don't dominant culpable noma gun down in hidden in specially impropriety. On for our christmas break. So god bless us all at my viewers in but boy uh-huh.
"dante" Discussed on The Photographer's Journey
"Keep shooting shooting shooting shooting You don't have to narrow it down to a certain genre or anything like that but keep shooting and pay attention to what you are shooting in. What i mean. I pay attention to is a sort of Pick something that you really enjoy shooting in fine tune that end and show people that through your personal work. Let them know. Hey i like shooting cars and cats and dogs. But i really like shooting Products or food or whatever. It may be you know. Make sure that you have a solid body of work that shows that because when clients they when they reach out like so if they say. This is I don't know like let's say adidas for example you know it's sports if you shoot like a lot of family portrait and things like that that's awesome but if you think that like hey i want to work. I want to do work like adidas work. You know You have to look at what they put out there. It doesn't mean that you have to shoot exactly what they put out there but it's typically some sort of like sports something you know so you wanna make sure that you have a portfolio that the sort of show. You're capable of doing that because they're going to get a list of photographers at their interest in working with typically. I don't know three four five different people that they're going to choose from and they wanna make sure that like whoever's on that list can can actually pull off what they're trying to you know what they're trying to portray in in that particular campaign out a lot of photographers that are like. I think that my work is awesome. But i'm never getting calls from whatever client that they want to work with and i'm like well you're shooting this type of stuff and they do this type of stuff you know you wanna make sure that you're like you have something air portfolio that shows that you can do that type of stuff and do the research on the photographers that they that they work within. And just make sure that you're you know you're constantly shooting stuff. The constantly shooting type of stuff that you want people to reach out and call you for like if you if you shoe if you wanna shoot weddings and you've never shot anything. That looks like a wedding then. People probably off their wedding exact. Let's let's see that's good advice. That's device working people. Find it if they wanna get in touch with you online man. Dante marsha dot com It's dante marceau dot com dante marsh. Show on instagram. Dante marshall on twitter. Dante martial law that i would say star by dante marshall dot com.
"dante" Discussed on The Photographer's Journey
"Photographers from around the globe about the journey says artists and entrepreneurs. We'll talk about the stories. Their work their inspiration and how they have grown their businesses are this episode of the photography journey is part of in. We're calling photographers. Covert and the future where. I'm talking to photographers about how they got started. How covert has impacted the photography their work and their outlook on the future. I hope that their stories their work and everything we talked about. That will be a source of inspiration for you as you continue your journey through this pandemic and beyond today. I'm joined by dante. They joining me dante. Thank you for having me. It's great to be here now. My pleasure my pleasure. Dante marshall is a photographer. Creative director and writer based in los angeles dot is ranged from photography creative direction brand strategy video production and brand partnership since two thousand thirteen. Dante has had the opportunity to collaborate with companies such as acura adidas originals belvedere vodka city of hope honda rock nation wells fargo neff headwear and puma among others. That's a long list of clients. Men congratulations nice. Nice i love to. I love to start a conversation and rewind a little bit to the very beginning of how you how you got started in photography would love to hear how you discovered photography and how you got into it from the first place. Yeah for sure. I Man just so way way back. I used to do like graphic design Like my space layouts and and stuff like that but My father actually. He was studying photography for for a while. And i would go on photo shoes with him. And there was one time where I just picked up his camera in there was a young lady. I was dating at the time and she was getting into modeling. And my oh i'll take some pictures of you so we went to the lake took some pictures. The pictures actually came out pretty decent in her friends. Saw those pictures and like you think he'll take patriots me and i just start taking pictures of her friends and then all of our friends and next thing you know it just became a thing that was that That i was pretty passionate about a never really thought that it would turn into an actual career thought. It was just kinda like a hobby that i picked up in the lobby but ended up being something and i fell in love with and turned into a career. Later on figured that Shooting these friends people would start to reach out to me on like. I think facebook at the time because i was putting these pictures up on facebook and people would ask like. Hey how much do you charge. I'm like whoa people actually pay me to do this crazy so like i was you know charging nothing fifty bucks or something shoot at the time and and and slowly. The prices are starting to go up and it just turned into a profession..
"dante" Discussed on Ideas
"Dante has been inhale since good friday. When he and virgil finally reached its nadir when they finally encounter seething with his three sets of featherless wings and three heads with his three miles dripping blood red saliva as he chews on the bodies of three centers screaming and agony. Satan is crying. It's nearly easter sunday. Now virgil tells dante. There's nothing left to see and it's time to go along.
"dante" Discussed on Ideas
"Dante's swooned in sympathy where francesca impala in hell for adultery. And who was. Dr data talk. Picacho says wonderfully of dante in his life of dante amidst all his virtues. He always found time for the sin of venerate hot number dante and kept very busy. Indeed with women read week. I'm kidding poet robert kinski. He had very good sense of timing and it does always make you feel as the pawn always does whatever it is. You're looking at whatever you're seen. You're on a journey or quest pilgrimage. You can't linger too long. It's time to go on inferno the three parts of the Media in particular is highly scenic. It is dramatic series of dialogues and often the perspective of the personal collides or contrast with the perspective of the historical and the cosmic in ways that are entirely unanticipated and not particularly decorous the baptist church of saint john in florence. Dante was christened here. Referred to later as his sandra vanni and it's no wonder he called it his beautiful saint john because it is in dante's time it wasn't just babies that were baptized. Of course adults could be baptized and the priesthood in a little well in order to emerge the person who is being baptized. Isn't it interesting that he's using an image from florence when he's talking about the way the church has sold it so just for money he says how he can see on the sides and the bottom of this particular circle. The stone was filled with holes. All about the same diameter. all of them around. It goes on to say that the whole seemed to me to be neither smaller nor larger than those which in my beautiful san giovanni served for the priest to stand in during baptisms for the la boca to schools will care. Don't pick a total epa dila gum. Meanwhile grosso allowed through into stabber libyan. Thera not chasing. But casey photo we'd savon little from the mouth of each stuck out a centers feet and legs up to the thighs while all the rest state in the whole they all had their souls on fire. It made their knee joins rive so hard they would have severed twisted vines or ropes as flames move. Only on the surface of oily matter caught on fire. So these flames flickered healed to- john for charity and condo nineteen the circle of the seminarists the corrupt popes where all the pope's of being successively ream down a hole in hell which looks he says very much like the holes and the baptist tree and florence. Nicholas boniface. Predecessor is upside down on the whole with his legs kicking up in the air hearing footsteps. Where dante and virgil come. He says is that you already. Are you here already. Boniface dont they get spontaneous into hell. In spite of the chronology unfortunately boniface is still very much alive and thirteen hundred and kicking and so dante comes up with a marvelous little trick boniface. The eighth is his most passionate enemy. This is the aspect of not approve that the pope was willing to make a church a harlot to make the church copulate with temporal powers and then not always attributed his own exile to them occasional. Boniface the eighth one of us. The kept downtown in rome dante dental tool frauds. In that his mind there's no question that boniface the eighth was plotting with the tuscan and therefore he.
"dante" Discussed on Ideas
"Of the best is always the worst thing that can happen down. They go dante and virgil to the bottom of the cone of hell passing circle to circle. It's a journey into absolute depravity. But it's achieved with such technical mastery such range of reference depth of emotion and with such an enormous cast of centers spread over thirty four. Cantos that it's worth pausing here and there to take a closer look at them. In the second circle devoted the lustful the shades of a man and woman suddenly pier. Paolo and francesca. Francesca tells their story own one day to pass the time in pleasure. We read of lancelot. How love enthralled him. We were alone without the least misgiving more than once that reading made our eyes meet and drain the color from our faces. Still it was a single instant. Overcame us this man. Who shall never be parted from me. All trembling kissed me on my mouth that day. We read in it. No food robert hollander that whole scene and the lancelot story at the very end and that day we read in it no farther that line is a paraphrase and probably a citation of the crucial moment in saint augustine confessions when he hears a voice outside the wall and picks up the book and reads as the voice of saying taken read. Taken read. andy. Reid put heat not on the lust of the flesh but put you on the lord. Jesus christ that moment is the moment of saint augustine conversion he says and i did not wish to read any farther and that's almost exactly what francesca said and we did not read any farther. So you have this one book which if read well would take you in the right direction. And they are reading the lancelot romance in such a way as to let it convert them to sin and death rather than to eternal life while reading about the adulterous affair of lancelot. And when aveer. Francesca and paolo become adulterers themselves. Francesca is married to powell's brother listening to the tail. Faded love.
"dante" Discussed on Ideas
"In the track. You know well. He kicks him in the head as amazing centers flounder muck and mire tossed about and screaming winds siege by sandstorms and plunged into boiling pitch in hell dante unleashes. Fuller's you're listening to ideas and to the first part of our three part series. Dante poet of the impossible ideas is heard on. Cbc radio one. In canada. Across north america on sirius. Xm in australia on abc radio national and around the world at cbc dot ca slash ideas. I'm nulla i add dante. Who of course gave the world. The divine comedy died seven hundred years ago this year. So we're reprising are three part series called dante poet of the impossible. This episode takes us down into the depths of hell in the gospel of saint. Matthew hel- is described as out of darkness wailing gnashing of teeth and in the book of revelations as a lake that burns with fire and brimstone. That makes dante's achievement. All the more stunning. He creates an original underworld by combining biblical images with classical landscapes bringing historical and mythical figures together mixing satire romance and tragedy all within the form of a christian epic picture him in the early years of the fourteenth century. Somewhere in. Tuscany stooped over his writing. We know onto how to stoop and surrounded by books. One in particular captures his attention. The aeneid by virgil the roman poet. He's out to surpass virgil in the divine comedy. So dante makes himself the hero of his epic defying convention translator of the inferno. Robert pinski the hero of like the heroes in the odyssey and the iliad. Traditions like the anglo saxon icelandic. The hero of an epic. We expect to be an expert killer a man with a sword. The protagonist of this palm is a little writer. Somebody with a pen in his hand. Translate if the inferno robert hollander. Anybody who believes doen't it actually spent seven days in the after world yet. He makes elaborate and frequent claim that he is just sitting down what he actually saw. There was a playboy. I think it was one of the men's magazines and it showed. What was it clearly dante sitting in a little boat in what was clearly hell. And then there's a reporter sitting opposite him in a little boat and dante's answering and saying no. I'm just down here gathering material for a book. He puts himself in the work in a way. That is comical. Grandiose there's dante's grudges and prejudices and personal resentments and personal frustrations when he says. Well the next thing i saw i really. I can't describe it in words. But i have to because i saw it really was there. I just have no choice. Because it was right there in front of me and raising the stakes that way presenting himself as sober reporter who's helplessly just saying what he saw when he was walking through. Hell there's performers pleasure in that and dante. The poet goes even further down to the performer. Indie aeneid virgil sent his hero down into the realm of the dead with a prophet is the civil so dante. Basically lifts the idea. And conscripts virgil himself into the comedy as his guide and companion in the underworld virgil is the guide because virgil was the guide. That is in dante's life as he was looking for an intellectual salvation. Where is he gonna put all of this incredible talent that he knows he's got. He knows he's terrific but he's not doing that well. He'd settled with himself and realized that he had to give over any hope of seeing florence again in a politically acceptable way. So he's thrashing. In the unfinished huge sprawling philosophical treatise that convivial he refers to the selbe it on a request. Be the error-filled forest of this life and so when you get to mate. So they'll come. In of the first verse of the commander many people have glossed it with that line from the convenient. Why not and i think the presence of virgil in the poem is telling us the truth that it was virgil who led him to write this poem and in here. This is more shocking. I think what he's saying by the palm is that it was virgil who led me back to christianity. Dante's first glimpse virgil the inferno. Canto one before. My eyes figure showed feigned in the wide silence. Eight is another plan that you must follow. Yeah when he saw me weeping a few would flee this wild and savage place. It is virgil leads dante out of the darkened woods and into hell past the sign above the gate which reads abandoned all hope you enter and yet the enter once inside. Dante will see what no other living human being has seen. Before the wages of sin in the afterlife to kind of preview for him the first stage of the christian journey that will result in his redemption. Finding the right path means understanding firsthand. What is to take the wrong along the way dante will be petrified tearful and homesick divine. Comedy is a book about learning. It's a story of a literally history suffer and learn dante scholar just happy. Matzo hell has a tripartite structure at the top. there's the sense of incontinence where the appetites takeover the eclipse the power of reason in the middle area there the sense of so-called violence and then you and the area of treasury which is really at the baltimore hal. We him only if the will is involved when you come to the treasury which is really at the bottom of that is both rational permitting. Tation and the wheel and those are the worst himes of human bestiality. There is a saying in dentists time and belong to the whole traditional model thinking moral theology. My your go route. Zeal opted me as the corruption.
"dante" Discussed on Ideas
"Dante knew very well with the central crisis of his existence was and who caused it traveling down through the circle of the inferno. He makes sure he meets his enemies. But what's shocking. What he does to his friends. Take the poet guido cavalcanti. Don's his best friend. The same friend he sent into exile. Cavalcanti was still alive in thirteen hundred when the divine comedy was said. So dante puts cavalcanti is dead. Father in hell instead and that raises some interesting questions. About what dante had in mind literary critic harold bloom his populated hell with his enemies personal and political. And i must say if you have his friends whom he isn't being very good so his very best friend cavalcante who was after all his immediate poetic precursor is just about pushed out of the poem except for glancing references. Wanted to spearing one by his father who has also been pushed down into hell is dante and affects thumbing his nose at everyone and saying i put the where i want to content the circle of the skeptics in the open tune up came a shade visible to the chin. I think he had raced himself upon his knees. He looked around me as though he wished to see if someone else were with me and when his hesitant hopes were crushed weeping. He said if you pass through this prison by virtue of your lofty genius. Where's my son. And why is he not with. You fell backward himself. No more take your pick either cavalcante. It's there because he does dante's lofty genius. Or he's not there because he'll be joining father later when he's dead judged and damned. It's absolutely scandalous. What he does to his own teacher and precursor bruneta latina. His got bruneta latini down there in the circle of the sodomites dante has invented that sodomy. We know a great deal about bruneta latini. We have accounts of him by all the usual gossip mongers of his day. We have no reason to believe that. At some point the noble bruneta lachine had made a pass at his young students. I don't know what it is. Dante's up to in regard to bruneta.
"dante" Discussed on Ideas
"Dante scholar joan. Florence wives one of the biggest cities in europe. Don times. Hard for us to think of it that way but it was. I don't know if someone like ninety. Eight hundred thousand people that was enormous for that period. There's a lot of pride in being what it is. It's constantly comparing itself quite favorably to rome. Which was at that period in decline was much smaller town and it also headline scoped it on. Its gate so that it thought of itself as a lion that could destroy any other cities around it if they dared to fear with. It and florence is a major financial center and the break banking houses in florence. There are other cities too but florence is one of the big ones that really bankroll governments wars all over what was then the western world. So there's a lot of things done out of greed for both money and power john rochereau. I guess there's a series of jockeying back and forth because florence had this pattern of having political battles after which the winning side inevitably by a kind of horrible parthenogenesis would itself divide into two and recreate factions. Bloody battles and victory would again create almost dialectically. Its own worst enemy and dante called. The divided city flaunts tends to keep building new sets of walls enlarging its territory bringing in the suburbs into the city and so forth and in fact one set of rules that wasn't complete in donna's time but was being built on was a bit of scandal. I think gave onto the idea for all the walls in hell. If you were to fly over hell and look down on it. You would see a lot of concentric walls around it. And i think one of the points he's making is that only hill has more walls than flynt's nine concentric circles each enclosed by a ridge or terrorists that seen from above looks exactly like a wall. That's how dont imagined how a city in the shape of a giant comb with its narrowest part reaching the center of the earth in each of the circles sinners face punishments designed to match.
"dante" Discussed on Ideas
"He was born in impoverished nobility family florentine family but not clearly was was something of project from the very start. I mean Admiring biographers dumped has ever had a cacho giovanni bokhara join book begins with the account of the dream that dentists mother at childbirth and the dream was the son of hers would become a great poet kind of peacock. That's the kind of image that he had. But it's more than the splendor that is implied emerge. I think that the account of the dream house or something about them with tells us about dante.
"dante" Discussed on Ask Women Podcast: What Women Want
"Subjects to everything that you do, like what you're thinking, it eludes, through your pores, do your posture, do your tone of your voice, to the cage, up your voice, your facial expression, your eyes, your gestures, it exudes. And so there's if there's a lack of confidence that is doomed in the subject whether or not you think you're hiding and it's like a poker tell. So there's always the subject. So for instance, like if you're walking with a young lady and you're on a date and all of a sudden, she's talking and a dog Our comes and you put your hand and you that little gesture. That's like my move, not that I do it cuz I'm the woman but that's my favorite move is if a car's coming and you you kind of, you know, take her by the waist and suck, gently move over to the other side of the sidewalk that's like the move right now. Let me ask you this. Why is that, like, why do you like, is it just a visceral feeling or I guess, what I'm asking is? Do you understand the subject, the subject to a woman is this guy makes me feel safe? Makes me feel taken care of. And so you get some touch in there at the same time as some emotional anchoring and boom. Now, here's what's interesting. Even more than I'm gonna go even deeper than enough to one handedly. Do it is said, is that? I'm so comfortable, that I have control over this situation that I don't even have to put two hands. I love that. The other thing is I care about To even though you're running your yapping your mouth I care about if you're okay. So I'm not going to see something happen to leave you swing. So all of these really deep subjects attracting you as a woman on a visceral level, it literally touches all these things to the point where it is almost, can't explain it. Like the articulated, it's difficult, but instant feeling of safety and attraction and sexuality. And the fact that there's a confidence when he can do it with one arm, he's not even making a big thing about it. Just just what I do. My Dodge bullets
"dante" Discussed on Harvard Classics
"The blessed damas hill by dante. Gabriel rossetti the blessed democrat leaned out from the gold about of heaven is deeper than the dip. The water's still even. She had three legion her hand and the stars in her hair was shaven her robe and good from clasped to him. No reward flowers the door but a white rose of mary's gift for service neatly warn her hair that lay along hair back was yellow like corn has seemed she scares had been a day. One of god's choristers the wondu was not yet quite gone from that still look of hers albeit to them she lived her day had counted as ten years to one. It is ten years of years it now in this place. Surely she leaned over me. Her hair fell all about my face. Nothing the autumn fall of leaves. The whole year sits pace. It was the ramp of god's house that she was standing on by. God built over the sheer depth. The which is space begun so high that looking downward they she scarce could see the some it lies in heaven across the flood of ether as a bridge beneath the tides of day and night with flame and darkness reaches avoid as low as where this earth spins like fruitful meet around her lobbies. Nearly mid mid death-lists labs claims spur even more among themselves. The heart remembered names. And the souls. Mountie up to god when by here like thin flames and still. She bowed his shelf in stooped out of the sixteen sham and he'll bosom master of made the by. She leaned on warm and the lillies layers. If asleep along here bended arm from the fixed place of heaven. She saw time like a pulse. Shake fierce through all the world's who gazed still strobe within the gulf to pierce its path. And now she spoke as when the stars sang in this spears. The sun was gone now. The killed moon was like a little further fluttering far down the gulf and now she's spoke through the still weather. His voice was like the voice. The stars had win. They sang together. sweet even now in that birdsong strove not accents their feigned to be hawk and when the bills position the mid day strive not steps to reach my side down. Old echoing stare. I wish that he will come to me for he will come. He said have. I not prayed in heaven on earth. Lowered lowered has he not preyed on not to press a perfect strength. And shall i feel afraid when round his head. The oreo clings and he is clothed in white. I'll take his hand and go with him to the deep wells of light as unto a stream. We will step down and bathe varian. God side we to stand beside that shrine a coat withheld untroubled. His lumps stood continually with press and up to god and cro press grunted melt each like a little cloud we to rely the shadow of that living mystic tree within his growth. The dove is sometimes felt to be while every leaf that his blooms touch say his name. Audibly and i myself who teach to him. I myself lying. So the songs i sing here which his voice show paul's in hushed and slow and find some knowledge at each post or some new thing to know a less we too we too though saisd one west our with me that once of old but shell god lift to endless unity the so his likeness with size so was spotted to love for the we to she said. We'll seek the gross with a lady. Mary his with her five handmaidens whose names are five suite. Symphonies successfully gertrude. Magdalene margarethen roth elise circle wise. Sit they with bound locks and foreheads. Garlanded into the fine cloth..
"dante" Discussed on Historically Thinking
"Draw attention to a neil Dante dante have many. He must have a lot of italian. The an incredible amount. Alan in fact one of the fun things you can do. Sometimes you get into italian dictionaries and you look up words. You see i used by dante happens or it happens a lot very very much like shakespeare in english right but and i don't have the exact number my head the i think you know there are. I don't know maybe maybe fifteen twenty in the at thirty or forty in the purgatory Out it's going to be like eighty the diesel. So now move into this realm and people have written wonderful studies at this move into this realm. These analogies neologisms logan's become much more. Frequent in many of them are are are not as dramatic. They might just be like taking a word like the the number three and make it into a verb to in three oneself reflects a verb. And so that it's technically a analogy. But it's you know it's not really surprising what this one is. I would spend a lot of time the first day we talk about the potties arm this because the verdict is that is woman and even if you don't know attained tries to trans right going beyond woman odd going beyond the humid in think the translator was probably correct not to give us one word what to say passing beyond the human so that the saying that he has to that is odd. He has to go beyond the human in order to experience this the celestial journey so So it's not just an allergist but it's actually a meaningful one right because telling us soda. What the essence of pot diesel is is actually gonna be on the we're going into this sort of divine round around where you have to invent the language to describe it and so you're not gonna have the language so as not get the attentive student also realize by now. They've gotten through the previous infanta known in puerto rico understand..
"dante" Discussed on Historically Thinking
"Let's read that earlier work. Because i think pedagogical it's much more effective. I don't think they really stick with them or they might not really help in a way that it does when they've already had some exposure and they re back the back and see how dante has rewritten his early alive to sort of incorporated within his latest ladle. After that make sense to you younger mix. i mean. I love that that. That's really that's really. I wish i could do something like that immediately. Because that You're wanting them to. I have intellectual problem Rather than provide them materials for solving a problem before the problem occurs right. Gone about going back to what you were saying about. Those first six lines though so those the first three light that you said that metaphor of the ship and obviously the voyage is the overarching metaphor for the whole right. The is on this voyage of the beginning of the poem through the afterlife. But now what what happened is the pulpit self has become the voyage right. He says mitalent. Little vessel lifts resells rights. Dante is. He's talking about his talent his creative genius as worship rides and it's looking at sales leaving behind a c so cruel so the federal now becomes a a so cruel writings using metaphor lessons very epic. Obviously it goes back to jason i intellectually into. It reminds me of ulysses during my illicitties. Who we meet in hell. No who is a as a basically someone who had deceived his friends Which seems unfair accepting you realize. The whole story is some on the where this legend comes from. Some of the subsequent admits but that cities had had gone on what he could resist. He had to go on one last voyage. And he what we now or about this or about to discover. We now know where he was. He saw the mount of purgatory. He went to the other side of the world and that was capsized by a storm. And here i think this is..
"dante" Discussed on Historically Thinking
"Are are betraying that sacred trust and so dante is essentially using lucifer to remind us of the image of simon pokes. So i would you put those next to one another and you would sort of get the the critique that said a leveling through lucifer's subtle that i think that sounds like now. We just had to stick distinction between. That's that's just kind of comprehension issues your graduate center. I would do it from the first year students to we would. Oh absolutely no. Because we're reading it with the italian and and we've spent a lot of time on can't nineteen and so i've been talking about boniface. The eighth is dante's arch enemy. He's poke Who's responsible for dante's exile. Boniface is not dead yet but he is to arrive in hell and to actually be the next pope in that whole back in canto nineteen with his legs sticking up so that's the image. Everybody will always have a boniface. The eighth dante. Basically just equated boniface his arch-enemy with the devil with from so let's appoint the students get at thank. You know fairly powerful even even at the earlier stages yes. The graduate students could do it on their own time. I would have to walk through the steps or with the with the undergraduate students at the first year students But it's a great idea. I think it's a great example of eliot is talking about the visual poetics. In how by seeing with dante says he saw you not only understand this idea of going through the center of gravity. and now we've gone into the southern hemisphere but you also understand how he is He is enhancing for enriching his commentary on the on on the pope that he loves to eat so much through this through this image speaking of the southern hemisphere. And let's leave health and to prefer torio. You've chosen a condo one beginning at verse one. Let's do that. This is the beginning of the can't do right. And then we'll jump through the end of the cancel so we are now out of hell and and now this is not introduces the second Konta and the second round conti refers to the To the text itself the poetry of purgatory and then the second round is the is the mountain of purgatory. He says it called aquit. Obsta lay on my london. W and jane you. He lashed the eighth Secretly condo rainbow over the mono speedy to support it salihi Event the game. Two course across more kindly waters now my talents. Little vessel lifts her sales leaving behind herself a c. So cruel. And what..
"dante" Discussed on Historically Thinking
"We're going down virgils rappelling down the bodies coming to this. I don't know the middle of the body with hip is somewhere right. Swelling of hip. And then he's doing. He's reversing his head to his legs had been so virgil reversing his head so brutal is doing a flip or somersault in a something where he's kind of going from having his head on top to head on the body right something sort of reversing there and then he still without letting go without dropping dante presumably right and then dante saying i thought we were going back in hell in other words virgil has started to climb again. He was going down and now he's climbing again going back to where we just were well. He's a little sort of confused about that. So i'm going to jump down a little bit. Further down virgil gets off a loose body and he's kind of sets dante on allege so now they are kind of the body off to the side and they're on a rocky ledge and then dante looks up and so i'm gonna read from line eight if that's okay out is to ninety three and then you can sort of the english so dante says this is the dante characters speaking the bucci fro camille availa. Though if he'd gambian soutenir ray. If you defend the awards travel ya ll Can invade equality quilt Tokyo via when it should be dead. I raised my is believing i should see the half of lucifer that i had left instead. I saw him with his legs turned up. And if i then become perplexed do let the during judges. Those who cannot understand what point i had just crossed. So he's letting us know that there some sort of incredibly important point a geographical point that they have sort of just passed through so that as they were going down through the body virgil headed change. His direction start climbing. Almost a paradox climbing down the body and then when they get off of the body dot looks back a member..
"dante" Discussed on Historically Thinking
"Political philosophy or brutus and cassius the assassins of julius caesar so that the punishing them for assassinating caesar's that tells us that dante was very much in favor of the roman empire the dictatorship that will lead to the roman empire Anyway so and they have to get out of hell and this is the scene. We're about to read. And it's when virgil has to sort of grab onto new surface. Shaggy body he is presented as gigantic figure of with a fur coat and dante has to get a piggyback ride. He's on virgin shoulders. Redundant original is holding. Dante and virgil has to I guess repel might be the words that the down the body of sivert and will eventually have to do sort of a switch In action and so. That's what i'm going to read us a confusing part. That's why chosen it and as as you said citing elliott. We have to kind of imagine you have to see this as almost a little movie in our own heads. So just imagine this as i read it. I'll read it in the italian and then you in the english so coma with young way. You'll co low beamed ogden. It'll raise temple local posting a quantum leap wardrobe area. Sigh up your say. I dacosta evaded. Low invaded judy. Shays push that Nhl cuando noy whom orlando gala cautious civil appointments so gross salon lou Both sailor Gay postseason home. Casale seeking fair. He told him out on gay in. That's the italian. Do you wanna do the england. Just does he asked. I clasped round the neck and he watched for the chance of time and place. When the wings were open wide enough took fast hold upon the shanke flanks and then descended down from tuft to tuft between the tangled hair and icy crust when we had reached the point at which the revolves just at the swelling of the hip mike guide with heavy strain and reverse his head to where his legs had been in grappled on the hair as one who climbs..