37 Burst results for "Fifty Million Dollar"
Hasbro, Mattel Say Toy Boom Isn't a One-Off
"Last night. We got a terrific from the tell. That's the iconic toymaker. What happens the soccer name. No kidding it actually said because day reminding. Managers found hard to get excited too worried about the ready crew. Gresley bidding up the canvas stocks. But make no mistake. Mattel's doing great. Ceo on crisis orchestrated effort. -nificant turnaround here. And let's have got yet another confidence-inspiring aspiring quarter. The country poorer top and bottom line with bush guide for twenty twenty one in response suck actually spiked. Three percent in early trading. Getting dragged down by the on weeds. What i'm calling the rest of the market. So could this really have room to run. Let's take a closer look with you on crises. The turnaround orders chairman. Ceo patel real. These results michigan. Welcome back demand money. Jim it's great to be here in on your manager word when things weren't doing waste things weren't doing well when things that down very low you said things are starting to get better. This was the finest fourth quarter in fifteen years despite a worldwide pandemic. Talmadge do it. Yes jim this was an exceptional quarter for mattel without best performance in years with strong consumer demand and another milestone near for the company for the second quarter in a row which have double digit sales growth without grace. The industry in gain share on a global basis but are results excited expectation on many levels with the highest fourth quarter growth in fifteen years as you said with a significant increase in profitability with a full year operating income. That was two and a half times higher than than last year. But this is not just about the quarter or the year. It's about a multi year strategy that is tracking very well which puts us on in a strong position to continue to increase profitability and etc growth. In two thousand twenty one and beyond what i liked about it but these were all fantastic numbers but you told me one day jim this company which has terrible cash flow can make fortunes on everything that it does put out so when barbie has a plus eighteen percent quarter number one toy property globally in twenty twenty doll- but boy you're making a lot more money off each barbie even though they're more interesting fascinating diverse inclusive than any of the line. At that i've ever seen as we made significant progress improving. Our ability. Gross margin has increased for the tenth consecutive quarter. And this is only getting better and stronger in terms of cash flow if you look at the journey that we've achieved last three years. Gross margin improved over. Eleven hundred points are cash flow improved by almost five hundred million dollars and our operating income is up more than six hundred and fifty million dollars so very strong performance on the bottom line. And we're making good progress on the top line as well. This was the second quarter in the row where we improve our top line by double digit. You're making it look easy. There was a time. When i first met who. I looked at your balance sheet and i question you're you're not your visibility your viability. The viability certainly taken off the table. Visibilities take off the table. At this point. I now have to wonder. You've got this great balance sheet now. I mean really is you've delivered. You have the number one of the industry you ever. American girl turnaround. Is it time to do something. Even were used something. The entertainment industry that you used to be king of come on free cash flow has steadily improved over the last three years we went from a negative three hundred and twenty five million dollars in two thousand seventeen to a positive one hundred and sixty seven million dollars this year going forward will will be focused on converting an increasing percentage of our ebitda into free cash flow and as we've previously stated we intend to utilize cash to reduce our debt and improve on balance sheet even further given the expectation for higher and more asian of cash. We expect to Continue to reduce our leverage ratio. And make our way towards an investment grade rating.
Fresh update on "fifty million dollar" discussed on Techmeme Ride Home
"End quote. Verizon's nationwide five g network uses a technology called s. ass which in many instances actually slower than the. Lt network is trying to replace end quote. One thing that cova for shore put the brakes on in terms of the hype. Machine was the whole east scooter. E bike e mobility sector. I'm not saying that. Covid times and lockdowns killed the industry by any means. In fact i'd argue. The pandemic has converted tons of folks into micro mobility believers e. Whatever converts certainly. It's done so for me but remember twenty nineteen was all about the round raises of lime and bird and lifts acquisition of citibank. In fact it seemed that the space was playing out in a mirror. Image of the whole uber lift and slash. everybody else battle royale that we saw in ride hailing. Well that's been hella quiet for about a year hasn't it. So it's notable to me that like the birds chirping and the leaves butting on the trees maybe this sector is preparing for a spring. Like rebirth lime. Says it will spend fifty million dollars to expand its network doubling the number of cities in which it operates an even rolling out a whole new e bike. Quoting the verge lime got. Its start with shared bikes only to quickly pivot after bird. I introduced the concept of douglas electric scooters in two thousand seventeen. The company dropped the bike from its name started phasing out in two thousand nineteen but the following year lime acquired bike sharing company jumped from uber and suddenly bikes were back on the menu now. The company is doubling down on shared electric bikes with plans to launch in quote a dozen new cities in north america by the end of the year as well as dozens more in europe and other markets in total. The company has to have its bikes in fifty new cities by the start of two thousand twenty two roughly quadrupling its fleet size. The fifty million dollar investment will largely go toward designing.
Bruno Mars imposter scammed Texas woman out of $100G
"Out of one hundred thousand dollars after after believing she was in romance with bruno. Mars says even with valentine's day approaching some romances especially those involving a world. Famous popstar may not always be as they appear. Case in point houston man. This is houston may appeared in court overnight accused of posing as recording artists. Bruma bruno mars on to strike up a romance with a woman in coke or out of one hundred thousand dollars first off if if it's not bruno mars account. It's probably not bruno mars. There's your first hand just like if it's not jack easterby calling you. The texans probably aren't actually calling you. Jack makes all the phone calls. Say the guy's name shit. She shouldn't wait out way to Soon as own. Woo i guess. He was charged with third degree. Felony money laundering last month but was taken into custody this week. According to charging documents on ozo- is connected to a scheme that happened to that happened to that happened. Between september and october of two thousand eighteen took forever involving a sixty three year old woman from north texas. Who told police she was cheated. She cheated and or create an instagram account in search of of companionship. You don't need to go. They have apps for this. You're looking for a little late. Life loving cougar or silver fox. Whatever your dubbing yourself the age of sixty three sabertooth that what they do. That's what i call them. They're not you're not getting it on instagram. She told investigators person pretending to be bruno. Mars reached out to her and made her believe that he was interesting. Interested in pursuing a meaningful relationship. I'm gonna go ahead and tell you this if you can't figure out that you is a sixty three year old woman or bruno mars ain't chasing you sixty three year old woman. I hate to tell you this. It ain't in the cards bruno. Mars is thirty five years old. He is worth over one hundred fifty million dollars according to the internet. He ain't looking for sixty three year old woman from north texas.
Fresh update on "fifty million dollar" discussed on Blogging the Boys
"Two million dollars. Day like i say i'm with you on that one if you go back and look at that right laurent robinson. He didn't play the first weeks he was injured. And like who is guy that's come in. And he had eleven touchdown that year. Seven or eight of them. Were just like tony. Romo scrambling doing some hokey pokey saw and around like. Hey man jacksonville. Five years. Three two million dollars like fifteen million dollars. I remember that man. I remember him getting paid. Like what two games that entire contract had concussion issues and never played again. Unbelievable man mike so he walked out of their teen plus million dollars. I'm like that was supposed to be mine money but at the time like thank god he didn't give me a fifty million dollars. I probably would have been sniffing cocaine. Guatemala leading fifteen dollars you go. Well i'm not going to change when you growing up. What was your favorite football team. Just curious was it the giants or the seahawks see us even have had to go with that. Oh where are you you. You were born in jersey. Yeah raisins you okay. He's probably talking about stand bag again. I was feeding off. That is so funny dude. All right grow new jersey where you giants fan.
Houston backs affordable housing tax credits
"Housing developers are lining up for tens of millions of dollars in state tax credits. That could create more affordable housing here in houston as jen. Rice tells us city council is set to approve a list of projects today. Every year the state of texas awards tax credits for housing projects that will provide affordable options for the community houston area developments are expected to get incentives worth one hundred and fifty million dollars over the next ten years on the agenda. Houston city council could recommend asleep. Twenty-six projects to the state. Eight of them are high priority projects across the city in seven different council districts. The city's scoring system prioritizes projects in low poverty areas with highly rated schools transportation nearby texas will announce the final projects in july. I'm generous in houston.
EOSfinex's Steven Quinn on What is Driving Recent Crypto Price Action
"The audience a quick kind of like high level. The top two or three bullish tailwinds. That are really driving this price action. We've seen again a a really bloody three year. Bear market start there. Really kinda come to a solid close and there's a lot of really interesting things happening in the world. That are driving crypto adoption. What are what in your mind. You give the most weight to I guess what everybody's talking about right now like the general situation in global markets ride and Well so first of all. I'd say like general generally the global markets a think another one would be Institutional adoption is really starting to pick up and that's where use next hopefully will have some some some work to do about that's really were bit fanatics shines You know it's the destination for really serious institutional traders run and then third i guess would be The radius now being you know there's significant developments in real world use cases ride like we're getting closer to not much about what's possible rushdie. Starting to do things ride so you have a global market stuff. I mean i'm sure this is talked to death with With you guys than with everybody listens to you right so we don't have too much but all i can say is i guess. Bitcoin crypto in general really. Couldn't ask for a better. It's more like a vantage pretty. Yeah couldn't ask for anything better like you know like it's exactly what everyone was waiting for. You know you go right back to the white paper for bitcoin We're just seeing that again. It's repeat of the great financial crisis except even more extreme. And you know. Bitcoin is redesigned the shine along with all the so that. And then i guess Yeah the institutional adoption you guys might have seen the news today about. is a quite large publicly listed company on nasdaq. I think the colts microstart bits microsystems. Yeah so they've just allocated two hundred fifty million to fifty million yet they got balance-sheet of one point two billion and then they put Two hundred fifty million dollars of their cash reserves into bitcoin which is a little over two thousand bitcoin super wild. Yes absolutely wild. But you know it's it's really again it's It's everything that people were. Were hoping for what we were talking about. Happening is starting to happen and say it'll be like you know slowly slowly a person than all at once
Department store chain Belk filing for Chapter 11 bankruptcy
"Hi Mike Rossi a reporting department store chain Belk is filing for chapter eleven bankruptcy the Belk department store chain is filing for chapter eleven bankruptcy in a news release private equity firm sycamore partners said belt will continue with normal operations as it goes through bankruptcy according to the Charlotte observer the one hundred thirty three year old department store chain has struggled during the corona virus pandemic the bankruptcy plan will allow bell to shed about four hundred fifty million dollars of debt and it expects to emerge from bankruptcy by the end of February based in North Carolina Belk has nearly three hundred stores in sixteen southeastern states hi Mike Rossio
Italian police find stolen copy of Leonardo 'Salvator Mundi'
"Italian police say they recovered a painting believed to be a copy of Leonardo da Vinci's Salvator mundi police say the keeper of the painting a priest at the church in Naples was not the way it should be taken away all stolen they found the missing picture in an apartment and the owner who was arrested on suspicion of possession of stolen goods told the police he bolted at the flea market Leonardo's original Salvator mundi was sold for more than four hundred fifty million dollars at a Christie's auction in twenty seventeen the company is believed to be from the early sixteenth century I made by Leonardo's peoples according to a note to the back of the painting I'm Charles de Ledesma
The 5 biggest Netflix original series have been revealed
"Netflix. Says these are it's five most-watched original series now. This one is weird to me because we were talking the other day about mandalorian. How it's a real flagship series for disney. Plus it's generated subscribers and big budget and all the rest and we were curious where like we'll netflix's has been around for a while. What is their flagship stuff. And so i. I thought of stranger things i also thought about some of the money. They paid for a lot of those comedy specials I wasn't the the escobar show. What was that called. What norcal narcos was that. Another one yes. Ozark is very good. Okay oh sorry anyway. They've done them as done them. But i saw this list and this list kind of surprise a lot of shows. I never watched or heard of for their top five. Most watched shows and well some of them are recent. Which kind of explains you know. Maybe i'm not necessarily watching him. So some of them are recent but number of coming in at number five with sixty three million viewers by the way in order to be viewer. Show on netflix. All used to do is watch two minutes really just so you know that's the threshold while two minutes which for a series. It's kinda crazy to say you watch the series if you only watch two minutes. But that's the metric that they're using they They got this deal With the former the former producer maker of grey's anatomy scandal. What is her name. Rhymes shonda shonda rhimes. Anyway they produce this show. Renton and sixty. Three million people watched it came out recently. And never heard of yeah. See you've never heard of it. I've never i mean. I don't think it's targeted at us. By the way if you scroll down a little bit oh we don't see image for some reason but if you did see the image you would know it is not targeted at you. Okay and then you go or maybe you feel that that's targeted at you. Don't alley brought from sean to land. Who brought you grazing so her. Production companies called sean dillon. She signed one hundred. Fifty million dollar deal with netflix to make some content and this is one of them. That's coming in number filing number four tiger king. This one i heard of but i never watched. Did you watch that. no i'm with you. I've heard many things about it. Good and bad. So when i saw this have a big number for viewership coming in at number four. I believed it. Because i heard the chatter on social media right around the time. When a lockdown lifestyle was taking off it was a lot of tiger king talk. So i i understand that one. Go number three number three stranger things. That's the other one that i had heard about seeing some of the promotions. Seizing three was the top of the bunch. Sixty four million you can see. Some of these are pretty close. Scroll down to number two this one money heist which is a translation. This was a spanish show that i sure you've never heard of but huge in the spanish speaking world is it. Yeah i've seen The hero image on netflix But i haven't watched it. Yeah i guess it would be subtitles if you watched it. Yeah yeah and then coming. In at number one. The witcher seventy six million. Did you know this. Did you watch this I believe this was a really popular show. I have not watched it yet. You see that's going though to lot of. We did not watch it and we're netflix subscribers. So it's kind of. It's a bit interesting. Yeah but we don't watch anything really. I don't watch enough stuff to even say. Maybe this stuff is amazing. But if you ever if you were curious like what are the statistics of a popular show on netflix. This should give you an idea. Between sixty and eighty million between sixty and eighty million viewers is a hit considered a hit original for net flicks. I'd be curious what the mandalorian pulled off. Because i feel like there's a different level that's why i feel like is a big threat to netflix's model the disney's powerhouse in
Bitcoin tops $40,000 for first time, pushing cryptocurrency market value past $1 trillion
"Bitcoin has quadrupled in price in just the past couple of months from ten thousand dollars per coin to forty thousand dollars yesterday and the crypto market in its entirety is now worth over a trillion dollars. There's a few probable reasons for bitcoin spiking so much but the main reason is this the first rally was all about small investor fomo but the second rally is all about big investor from retail fomo three years ago corporate fomo today for example square the payment processing company. They just bought fifty million dollars. Bitcoin just in october famous hedge fund run by a man named paul jones has had two percent of all their asset is now in bitcoin and boston. Favourite finality is now accepting bitcoin as collateral for loans. I'll tell you i'm good for it. Got bitcoin in the back. So jack what's the takeaway for our buddies over in bitcoin. Bitcoin has one main superpower and that is anti inflation all right because he can't trap a fraction of a bitcoin to pay for a smoothie. Right now and it's probably like a little too volatile fairmont and just like the retail fomo of three years ago this corporate morality that could pop and crash and plummet as well keep in mind. I mean jack toussaint in two thousand seventeen. The value of bitcoin crashed almost ninety percent. Right after a jump. Like this if you bought at the top of that bubble you experienced a lot of pain in the next two months but there is a fascinating real value in bitcoin right now which isn't as a currency but actually just to protect against inflation smackers because of the global pandemic governments across the world are printing money to pay for stimulus packages to rescue the economy. So we get cash flowing into the financial system all in hopes of juicing up the economy right now all that new cash though could dilute away the value of the money in that country. And that's the inflation. When like a one dollars orange could eventually cost you two dollars because your money is actually worth less. Because there's too much money out there now. Inflation like nick. Just describe with the oranges and the dollars that is not possible with bitcoin because there are a finite number of bitcoin that could ever be mind in this earth so similar goals the protection against inflation is bitcoins superpower we think that's why corporations and institutions are buying bitcoin right now
At War With The World
"Everybody ashley here and thank you for joining me on another episode of love me. So i wanna make this as conversationalist possible even though this is one side. What is giving yourself grace. What does that look like to you. What does it look like his beating yourself up when something doesn't go as planned but it doesn't look like is holding onto things of the past and other people's emotions what it looks like is having emotional intelligence for situations for yourself for other people and being realistic looking at people in a humanistic form putting people on this pedestal or yourself and having we can have expectations. But if we don't make that mark is cool. We're human small wins. Small victories baby. I looked up. What grace is adding grace for yourself is giving yourself the permission to forgive your mistakes. Any lapses in judgement any hurt any hurtful behavior. Because no one's perfect and it shows up all the time we see these hashtags and inspirational quotes about giving grace but honestly that is one of the fewest quotes. I've actually seen lately About giving grace a lot of them are super motivational and super positive. Giving yourself grace isn't about being positive. It's about being realistic in grace's that gift that's offered to us. You know by source by god. We need to give ourselves grace. We need to take the moment to breathe and pause with ourselves. Grace a notice that something that we we don't too often do we. We are so quick to forgive other people. It's like we don't forgive ourselves and there's really nothing to forgive ourselves. Were now sometimes. There is but simple mistakes. Do you have to give yourself grace. And i get it like. It's not the easiest thing to do but shoot we're making it through a pandemic the fact that you've made it to where you are today. You might not be in the place that you wanna be. We might not be in a fifty million dollar home that used to be owned by jennifer lopez katy perry or whoever her as far as our goals and whether they be personal professional spiritual we have to give ourselves grace because we may not make it to that point where we want to where we expecting where i wanted to be. Today is not where i expected myself to beat but i am further. So it's about gratitude. It's about giving yourself grace. It's about finding things that serve among other things and the reason we're talking about this like i said it's because throughout this process of better me better you better we. I know that many of us were just so hard on ourselves. Sucks like we are our own worst critic. And i know i am. I'm harder on myself than anybody else. Think about all the crap that you said to yourself the negative self talk judgment now. You say all of that to your loved ones to your brother. Your sister mother father best friend those who are closest to you. Now if they're not close to you we talk about that right now but those friends and loved ones. That are close to us now. There comes a time and in place when we're giving them you know honesty however when it comes to grace we give them a lot of grace we give them a lot of forgiveness especially if it's been a long journey shoot the longest journey we've had is with ourselves you know. And also the connection that we had to her mother's in the womb and other things that nature but that connection that relationship that we have with ourselves because it's constant and we're constantly judging and questioning ourselves and replaying the past and doing all these things flip flopping and not using the rear view mirror we are using a full sized mirror and skip amir about the cuss. We are out here with all the windows open on our computer. Every single window does look look looking. Oh let me go to this one. Let me go this one. let me. I was looking at this last week. I was looking at this last year. And that's not serving us. That's one of those things i- cornerstore convenience. Put these things on our basket and bring these things in the past that. Don't serve us. We give our loved ones grace because we know they're human and no one's perfect so we really don't need to be that hard on ourselves at the core we're good we are people. We deserve good things and nothing is permanent. So if we don't get one thing done at that particular on it may not be a permanent issue. It's temporary in. give yourself grace things. We we have no control over outside entities. other people. don't stress it. I don't people are gonna take things personally. People are gonna experience interpret things differently. You know everybody's low level of emotional intelligence and emotional availability is different so save yourself some grace for yourself be present
Covid Vaccine Rollout Slower Than Expected In U.S.
"Against. We're a good news. Bad news Type story of after the vaccines now. We're now at two vaccines approved. One lakewood one more likely approve shortly. The president's goal had been that twenty million people would be vaccinated before the end of the year And the numbers fell woefully short of that. All of the vaccines have been delivered. There's a benign lag the rollout in the states. Now the way this was set up was the federal government left the actual rolling out of the vaccination meaning who actually gets in their shots. I and where they do it and how they do it Two states to to administer in some cases some states have pushed that even lower down to local health departments of of here. We're going to send it to the local minister. And the result is you. You've got this big patchwork where some states have done better than others The last number. That i saw was that the federal gas is about two point million. Two point eight million people who've been vaccinated now that that there's sort of an asterix by that number in that There may be a lag in reporting just because of the holidays and and people not being at work and so forth so it could be higher than that likely is higher than that well. Let's let's let's call it. Let's call it three million but going back to donald trump's promise he actually late late in two thousand twenty promised that there'd be a one hundred million vaccine doses manufactured by the end of twenty twenty. I and we ended up with. I think somewhere around forty million doses manufactured you know that that's not surprising because donald trump was all about over promising in fact he said one hundred million doses and likely a whole lot more than that actually and not surprising that that number was was you know was wildly over inflated but i guess the to the other point that even if that that number had been correct the problem was is is less the the number of doses and more just the administration and see. That's the thing that really just a noise that not annoys just depresses me. In a way because an earlier this year health and human services provided states with three hundred fifty million dollars for distribution related expenses But the state said that they needed around eight billion now. They got that in the covid legislation that was approved last week. But i feel like it's almost criminal at this wasn't approved earlier in a standalone bill. Because you know the money is great certainly is important but even if you just dumped a hundred billion dollars out of brick and plane you still need the time to build the infrastructure to get the people to distribute vaccines and everyone knew that and the fact that both democrats and republicans did not act on. That is just disgusting to me.
Jack Dorsey's Square has reportedly expressed interest in buying Jay-Z's music streaming platform, Tidal
"We're gonna talk financials. And i'm going to go broad in a minute but first i wanted to get your thoughts on this story involving square which are reports. The jack dorsey is interested in buying title. Which is a music music streaming service. I never heard of before today. Look jack dorsey has said in the past. He's interested in building on the square platform to offer other services. Music streaming doesn't strike me as an obvious natural fit. But what was your reaction when you saw this story. I mean my initial reaction is probably right on right on par with yours there. It doesn't seem like the doesn't seem like the first place. I would go if we're looking to build out this this square commerce ecosystem. I appreciate what he's saying what he's thinking about wanting to do longer term with with the business and with with the platform with with what square offers and i think a lot of this kind of around the cash maybe but yeah i mean it title is is. I've heard that before never subscribed to it just as a music streaming service. They it was built on the idea that high fidelity sound in artists owning the music would perhaps be a differentiator and maybe a time ago that was at least the high fidelity but not anymore. I mean you're seeing companies from amazon and spotify to apple all investing in that same level of level of delivery there so You know there's anything with title that makes me think. Oh wow that's some big differentiator that makes me wanna consider dropping my spotify subscription. Because they don't have even anywhere close to the catalog spotify as or apple for that matter. In when you look at the actual business i mean they. They don't have anywhere near the subscribers. Man i think that number around two thousand and sixteen title reported somewhere in the neighborhood of three million subscribers which is just a fraction just as a just a fraction of what you'd find on spotify and apple and really that is one of the biggest advantages with with that line of work and music streaming as the size of your customer base But i mean the economics of music streaming are still very difficult so to me this. This reminded me a lot of mean a little while back if you recall twitter in this matters because jack dorsey is also the ceo twitter and understand the two very different businesses but same leader Twitter invested soundcloud. And they were actually kicking around acquiring soundcloud at one point and they decided not to do that instead through their twitter ventures They made i think. Seventy million dollar investment in soundcloud which quickly evaporated two zero. They pretty much and they just wrote the whole thing off because it was just nothing you could really do with that and in regard to square. I mean you remember. They had the caviar side of business a little. While back in food delivery they decided to go ahead and sell that to door dash in order to focus more on investing in its core payments business and at the time that made a lot of sense and that actually is a pretty good investment foursquare given that. They bought caviar for just under fifty million dollars and sold at the door dash for just a little over four hundred million so so that worked at. I agreed selling caviar just made sense. It wasn't something that really lined up with the rest of squares business at the time and there were clearly companies out there. That are doing it better. This kind of seems the same thing to me. It just doesn't really line up with squares. Business companies out there. That are doing it way. Better die worse is a thing. You gotta be really careful. It's gonna be interesting to see if they proceed with this because there's a price at which it's worth. The risk square is a one hundred billion dollar company. They have access to all kinds of capital. I don't a particular price in mind but there is probably less than five hundred million probably a good place to start. I mean there's there's a price at which dorsey overpays and it spooks investors and there's a price at which is a reasonable amount of money and if it pays off great and if not well we write it down. Yeah i the biggest risk here is. It's not a financial one. I don't think i mean to me. I would imagine this has to be far far under five hundred million. I think if i recall correctly. Jay z bought title at some point for fifty six million dollars in five years. So i mean it would be very hard pressed to argue that they've been witnessing some just exponential growth that would just pump that valuation up to new heights today. Give an even even with everything we've seen in the market where it seems like the more. The more money company loses the higher. The market wants to bid up at stock price. I don't know that would necessarily be the same case with title at imagine. The the biggest risk is not a financial one squares. Got the balance sheet. Pretty much do whatever they want. They can certainly afford it to me. It's really more about taking your eye off the ball and making bad investments.
Big Oil Evaded Regulation And Plastic Pellets Kept Spilling
"Of tiny plastic pellets have been spilling into oceans and rivers the world over where birds and fish eat them. They are the building blocks of all plastic melts. Three hundred fifty of them. You get a yogurt cup thousand. Get you a water bottle. But an npr pbs frontline investigation found. The oil and plastic industry has long known there an environmental problem. Npr's laura sullivan brings us this story. About how the oil and plastic industry evaded regulation despite decades spills. You probably haven't spent a lot of time standing on train tracks looking at your feet or looking at the edge of a highway outside a plastic manufacturer. But if you did. There's a good chance you'll see them little plastic pellets. This is kocsis creek. In looking at fresh pellets that has fallen out of the turks. Ronnie hammer is standing on state road. Thirty five in southeast texas rising four square miles behind him as the petrochemical plant formosa plastics. There're not just here. They're over there. They're in portable alaka. You're gonna find them down the road not an anti plastic environmentalist. He's a former supervisor. Who worked at formosa for twenty five years. And while he worked there he says he was told to cover up spills of plastic pellets. I won't do to put down the phone number. You know what i'm saying. They want to keep it low. So so you lie. That's my job. This britain butter so i got to do what they say. You got a family. What's striking about standing outside formosa and finding pellets. A hundred yards from the plants edge. Is that last year. Formosa agreed to pay fifty million dollars to settle a lawsuit in which it agreed to zero discharge of pellets. And yet here they are and down in the creek where the plant drains thousands more a federal judge called formosa a serial offender. Formosa says it's working to improve its containment systems but formosa is just one of thousands of companies that either make or use plastic pellets in the united states. The oil and plastic industry says it doesn't have a problem. Officials told me formosa was simply a quote bad actor while leading companies like exxon and chevron recently told shareholders that their dozens of facilities worldwide the either lose not a single pellet or just to sandwich bags full. And here's how they say they've done thanks again for signing onto operation operation. Clean sweep is a voluntary program. The industry came up with in nineteen ninety-one companies that join watch videos and promised to keep pellets from spilling plants trucks ships and railcars. There's no data required no numbers nothing public. The operation clean sweep is truly making a difference together. We can achieve zero pellet flake and powder the industry says it's been a success. Pellet containment is incredibly important to our members. Steve russell was until recently the vice president of plastics. For the american chemistry council jointly runs the program. Nobody wants plastic in the environment. And if a spill happens and if we're gonna assume it's an accidental release then it will be reported and remediation steps can be taken for most. Isn't clean sweep member. So i asked to former workers an ronnie hammer about it. I have no idea what jeevan talking about. I've never heard of. There's evidence the industry does in fact have appellate problem recent spills on beaches in louisiana and south carolina and studies show pellets are contaminating killing birds and fish and carrying toxins through rivers. There's no evidence. The industry has known about this problem. All along in two thousand five industry participated in a study of ten pellet plance it found pellet washed away in heavy rain at every single facility and called operation clean sweep inadequate but even long before that there's a memo buried inside thousands of documents. Leftover from old industry lawsuits. It was written in march. Nineteen ninety-one the industry's trade association warns top executives from chevron dow dupont and others that the epa had recently found pellets to be quote ubiquitous in the environment regulation. Permits are likely coming. The memo says unless act quickly it may still be possible to institute voluntary programs to address the pellet issue it says unless this occurs. It is likely. Epa will act independently then just four months later. We developed a program that was called operation. Clean sweep lou. Freeman was a vice president at the time for the trade association then called the society of the plastics industry. I don't recall any discussions about quantitatively measuring the success of the program. It was being measured really about who is participating not what the results were. So is a voluntary program. Yes without any metrics. Yeah i would like to think that they were also doing it because it was the right thing to do. But it also be naive. If i didn't think that much of the motivation was was governed by keeping the regulators offer back today the epa doesn't regulate pellets and in the almost thirty years since the agency told npr. It has brought just ten clean water act enforcement cases against facilities accused of spilling pellets. But how would anyone really know if pellets wurley if you head down to the gulf of mexico pellet manufacturers like chevron phillips say they're not I can tell you that it's not a problem here. At chevron phillips we have almost no kellett's leaving our sites. Jim becker is the vice president of sustainability for chevron phillips he met me in a warehouse after plant officials showed me ponds and drains. They said catch all the pellets. You've heard a little bit about operation. Clean sweep we've been practicing that Since the company was formed having no that that you had almost no hell it's leaving your site. I feel i feel confident. We have multiple layers of protection to prevent that without any data. It's hard to know. But then you could go look hacksaw some and if you're gonna hunt pellets a mile up texas bite. You're gonna wanna bring diane wilson the woman who tracked formosa's leaking pellets for five years.
Tencent Buys Warframe
"The first here is from the motley fool and the headline tencent makes another billion dollar gaming acquisition. The chinese technology and media conglomerate has been on an acquisition spree in the gaming space making its leadership position even stronger What they bought here was Lay you lay you technologies. Which is the parent company of digital extremes And it's a canadian. Based video game studio known for war frame they also own studios including athlon and splash damage. Ten sense going to be paying roughly one and a half billion in cash Choir the company which is incredible The buying spree that they've been on the amount of cash that they've put out there the second acquisition this one I think we talked about it on a previous podcast And it was a agrees to a us. One point two billion dollar deal for f one video game developer code masters. I think when we talked about it we were talking about it in the context of take two interactive having made an offer and ea sort of just trump them. The came came up with an offer for about two hundred or two hundred and fifty million dollars more so they were willing to pay a higher Share price 'cause code masters is publicly traded. And so it looks like ea is going to end up acquiring code masters having outbid take two interactive. Which i think at the time when we talked about it we felt that was a big price. Tag billion dollars for code masters and now the looks like the trading price is going to be one point. Two billion so curious to get your guys thought You know we can talk about them individually or we can talk about sort of which one we think is the better acquisition Neil i don't know if you know the war frame guys. I know it is canadian based a candidate based But curious to get your thoughts on these two. My i take is. I know you guys are fans of this gentleman. But jeff bezos when you look at code masters being bought yeah code about being bought for one point two billion. Let's just taking kids that are issued. How amazing that twitch nine hundred seventy six years ago right on decide to eight point. Nine children should win. Ea i think is in such a good spot and we might say openly. Here that one would you billionaires demo overpaying if you look at the stock run that they've been onto it's a currency unto itself and there probably sixty seventy percent on the year and adding more aaa titles to their. Snow is all the better. I think they've just done a tremendous job in and similar racing at f. One especially with what we saw as a result of that netflix series drug survive and get him is f. One is making a huge comeback younger audiences and people that have now seen this through netflix. And then people that are you know. Middle aged or know mid thirties to my age is. We're all obsessed and we're following it every week and it's quite dramatic as i didn't care about f. one at all in the last couple of years. But i'll admit. I've i've in the playstation store i've bought the f. one game it's not that great in my opinion maybe not that good at driving it but i think the acquisition is worth the risk. You want to be known as as a world class when it comes to fee for Nhl sim racing. They've got such great titles along the way and you know the team over there in teams doing it competitive gaming entertainment now. They're just making the right most. I don't know much about this. Said deal admittedly But anything tencent touches It's a powerful move and they're building empire that we should be very very afraid of. I mean both seem like really good acquisitions from synergies perspective right because ea has all the sports titles so f one feels like a perfect fit and and ten cents graded monetization right. Probably better than anyone and wore. Frame really is one of these free to play like monetize. Every which way up the wazoo kind of games like it's in the ten cent portfolio both of these acquisitions. I have to tell you like in a vacuum. I thought they were already owned by the people. Buying them like no joke. Like i literally thought were frame was somehow i was like. That's just the sort of thing they buy and the same for ea. Like i literally thought. Like i played grid quite a lot in my memory. Brid was an ea game like it was published by ears. I don't know. But like i just that tells you how lake like well on portfolio on message these acquisitions. Our prices are high. But as neil said like the market tie and then took to other point as well you know putting in context of bazo acquisition. Like doesn't matter where you put money and put it games like i think anything that was bought for a billion dollars a couple years ago smart because there were a couple wasn't just twitch we had minecraft myra look in a world where roadblocks goes public at thirty billion or forty billion market cap like buying minecraft at four or five or whatever they paid right seems like house. Yeah just like microsoft like so like the bottom line is but guises whiting. Listen to this podcast. It's so important. It's just like this is not the exception. This is the norm putting money in games today will turn into more money later. More likely than not investment advice aside. I'm not a credit above because the industry is just so positioned. It's the future of so much entertainment media and everything so like the reason. We're observing these crazy exits and outcomes is because the space is a whole is growing so much right so lake. Get into the space. That's the bottom line william. I'm with you on that. A hundred thousand percent. And i think the interesting thing is re that are in the industry. we talk with these things very openly. We discuss them. But from an outside portfolio manager at a morgan stanley wherever they probably are afraid
Buffett on Small Business: Its an economic war
"Berkshire hathaway chairman and ceo warren buffett. He joins us on the squawk newsline. Also david salomon. The chairman ceo of goldman sachs goldman by the way is announcing a two hundred and fifty million dollar donation to establish the next generation of the ten thousand small businesses program. Gentlemen thank you both for being here and warm. We'll start with you. You have not spoken publicly since the last annual meeting of back in may for berkshire hathaway. You weren't planning on speaking publicly again until the next one this coming may. Why are you taking time today to talk about this issue right now. Well i think it's it's it's so important that small businesses which of become collateral damage in a in a war. That are our country needed. The defied but We'd in effect bomb charlie At an induced shutdown of parts of the economy hit many types of small businesses. Very very hard and We made some provision for that and march in terms of the cares act but then nobody really knew how long the Now this self inflicted Recession would would last with this particular effect on small businesses so We need another. We need another injection to To complete the complete the job and congress's debating right now and i just hope very much that they extend the p p. A plan on a on a large scale to Let the people who may see the of the light at the end of the tunnel. Get to the end of the tunnel but So it's it's very timely. It's very important and And i do think congress will do something. And i hope they step a very soon because every day is important make people wonder why would bid business. Leaders are are stepping out and speaking on behalf of some of the small businesses. What what is it that concerns you about this. Why is this an issue that you're you're really putting yourself out there with well. Big businesses generally a gun very. Well not the if. They were traveling. Entertainment related days. They still have difficulties but The fed did a terrific job. The they saved us from something that would have been a lot worse than two thousand eight nine When they acted in march so large companies who in the middle of march early march were were going to have no access to capital The market just open wide and the corporate issuance was huge but the small businesses Received some help. But it's not getting to the end of not getting to the end of the tunnel and You know you'd say it's situation. Just take food food manufacturers. The big names Done terrifically people haven't quit eating you and and And the large grocery chains have done very well margins wine salesmen. Good but if you had to get your food And i small restaurant or medium size restaurant and and social distancing was required. Everything you just. You just killed the economics for somebody that may have been working for decades with our family to build a business and reinvested their earnings and improving their their establishment and then Through no fault of their own and edict comes along that That kills all their dreams. And it's it's it would be so foolish to The not follow through on this and enable those people to get back to where they could Do the kind of business they were doing before you know it. it it. It's an economic war and and And certain you know when we wanted to world war two a lot of industries were shut down and and Everything went over to the defense production. Well we've shut down a lot of people in this in this particular Induced recession and and others are prospering. At and i think that the country owes it to the m really millions of small business people. And i've met a lot of these people through the goldman sachs program just renewed ppp. And and Get us to the got us. The end of the tunnel.
The Streaming Era Has Finally Arrived
"Well if you don't have a big tv now. I think it's time to go get one 'cause you're gonna be spending even more time in front of the tv in twenty twenty one. We're still in the pandemic who knows if it will ever end in everything's going to streaming as you've heard me talk about a lot of first run films going to streaming from warner brothers. They're putting seventeen films on. Hbo max next year now disney has a hundred new projects eighty of them are going to streaming a new version of pinocchio with tom. Hanks and peter pan with jude law. Skipping theaters going straight to disney plus. There's ten new star wars tv series. I mean there's so much out there. A lot of filmmakers don't like theater owners or even more upset but what's going on well. The studio's really always wanted a way to release their films. One to one bypassing the middle person and they finally found it with a pandemic warner says. This is a short one. Time fixed due to the pandemic but one analyst. I spoke to peter. Chatty doesn't see things changing in two thousand twenty two quote. The reality is the genius out of the bottle. And it's not going back. He told me so. People have been going to movies in theaters since the days of chaplin and keaton so why the media companies want them moving the streaming very simple recurring revenue monthly subscriptions really add up. Let's take a film like the original wonder woman shot in two thousand seventeen. It grossed eight hundred and twenty one million dollars at the box office. Subtract the production. The marketing costs and the split with theaters in the studio was left with a profit of about two hundred and fifty million dollars according to deadline so. Hbo max debuted in may fifteen dollars. Monthly currently has just over twelve million subscribers. So what would happen. If hbo were able to bring in say ten million new subscribers to see wonder woman nineteen eighty-four the new film and most of them stuck around. I'm not great at math. But i can tell you that works out to one hundred and fifty million dollars. That's less than the theatrical box office prophets but we're looking at just one month in two months studio. C three hundred million and four fifty and six hundred and on and on it goes but perhaps ten million subscribers is way too generous. The reality is it will be way way less. Maybe a million. Maybe half a million. Maybe two million. The studio won't come close to making streaming. What would have in a huge theatrical release but another analysts rich greenfield told variety that the studio will make less money for the greater good of building. Hbo max this is putting the long term future of the company ahead of prophets. Disney has already hiked the price by a dollar to disney plus effective in march. Two
The Dylan catalog, a 60-year rock 'n' roll odyssey, is sold
"Universal music publishing group has acquired Bob Dylan's entire catalog of songs marches are loaded with the latest how much did universal music pay for Bob Dylan's entire sixty year collection of songs financial terms were not disclosed but it was a lot Dylan's catalog includes classic songs like the times they are A. Changin Blowin in the wind tangled up in blue and like a Rolling Stone for comparison Michael Jackson's estate sold the last half share of his catalog four years ago for seven hundred fifty million dollars Dylan has sold more than one hundred twenty five million records
PUBG Mobile Announcing a $14M Esports Program for 2021
"So let me bring this up here. this is. This is from the sports network Dot com the headline is pudgy. Mobile announces fourteen million dollar east sports program in twenty twenty one The article goes on to say that They've announced their pudgy mobile global championships. The newest program boasts a grand prize pool of fourteen million making it the biggest competitive series run in mobile s sports history. This is a huge price pool for mobile. I will say Something we've never seen before. The article goes on to give some details into sort of the structure and things like that but Just to give you a sense Mobile east sports According to newzoo has Has generated nine hundred fifty million dollars. Globally So you know this is one of these things where Pudgy mobile is taking a leadership role in the mobile e sports space william first of all. Are you guys involved there at all and second of all like what do you make of the now. We're starting to see moberly. Sports price pools rival call. It traditionally sports prize pools. Yeah well first of all. I just wanna put that figure in context right because we are stunned that you know the doda invitational gets above thirty million in pricing. Right like absolutely stunned right. So that is. I think arguably you know everybody looks at doda and says well. That's the pinnacle of e sports right in terms of your payday rates and terms of price. Paul this is basically half of that right so if you were going to rank each sports payouts i believe this puts them as number four overall for potential payout structure like in terms of highest pricing. Ever so it's huge like an for a mobile game again. This isn't for like you know. Bread and butter. Pc's for settle for mobile. This is just. I mean it's so significant and i think it highlights what i am coming around to which i think is maybe difficult for you to swallow paul. But it's that mobile is so accessible and it's so ubiquitous the audience about there's just such a built in audience there and for many people in many countries right. The phone is the primary gaming device and those consumers want e sports just as badly in one competition just as badly and so the reality is it is a big white space for games to lean into and i i think pudgy mobile. It's a little bit you know. I almost ironic in my. Because i wrote in my book about how i felt like pub. G missed opportunity right like they didn't defend well against port night. They made poor decisions as a result. They kind of seated that traditional market. But this is a really strong example of that brand reinventing itself to a leadership position and actually. It's kinda funny if you look at where fortnight is today and you look at where pub. Jesus today fortnight is struggling because of its absence in multiple rights for night is booming. It really underscores that the critical value of being on a you know three by six inch pizza piece of computing hardware in people's pockets. Right and so. I have to even say this is one where i'm putting my money where my mouth is right like i've you know. Oxygen east sports has announced. I think we were in the east sports observer this week for we signed a former fanatic player out of india for pudgy mobile You know to to help us. You know look at that ecosystem and do more there and you know i think it's part of a bigger belief in oxygen that mobile has potential. But it's also part of. I think a bigger global wakeling which i'm being a part of which is like mobile is is happening in east sports weather. You know we can be hardcore keyboard and mouse. Snow aim assist. All we want but the reality is it's a really important way people game today and it deserves
Amazon Launches Online Pharmacy, Shakes Up Healthcare Industry
"Amazon made big news last week when it announced the opening of its online pharmacy in a dark twist. The announcement appears to be timed perfectly as of this writing. More than twelve million cases of covid nineteen have been confirmed in the us according to nbc news and the country is averaging close to two hundred thousand new cases a day that adds up to a mammoth need for prescriptions. On top of that fewer and fewer of us want to venture out and those who are sick can't while the news is hardly unexpected amazon. Spent seven hundred fifty million dollars to buy pill pack in two thousand eighteen. That startup specializes in divvying. Up prescriptions into packets intended to make taking multiple prescriptions easier for patients but it was the infrastructure and logistics. That pill packet already built. There was to serve as the foundation for amazon's new online pharmacy business regardless of whether the announcement was expected or not. It's still hit. The healthcare industry hard with observers reacting both positively and negatively amazon says it's pharmacy will accept insurance and payment through flexible spending in health savings accounts. It will adhere to hip a privacy rules around patient data. One of the biggest draws without insurance or prescription drug benefits for prime members. Paying cash amazon is offering huge discounts. Forty percent off on branded drugs and eighty percent off on generics two day shipping is free for prime members others get five days shipping for free but can pay a few bucks to speed it up. Two days. amazon will fulfil most medicines including birth control. But it won't sell schedule two drugs which include but perhaps the biggest innovation is something healthcare consumer have been wanting for a long time a step toward pricing transparency. The retail giant says consumers will be able to compare drug prices at checkout both with insurance. And without you know just like we can with. Tv's books and blue jeans. One caveat drug pricing is a black box and it will still be hard to tell where those prices are actually coming from. The three billion dollar american drug business is highly influenced by pharmacy benefit managers or p. b. m.'s. Middlemen who negotiate prices with manufacturers insurance companies and retailers to get its pharmacy online amazon must navigate these murky waters to as the wall street journal reported amazon's announcement sent ribald stock prices plunging. Cvs drop nine percent. Walgreens boots ten amazon is stalking pharmacies. Now the journals. Charlie grant reported and shareholders are rightly spooked shareholders. See amazon is a threat to these. Retailers dominance as well as to walmart where many patients fill prescriptions. Don't count out. Cbs in the others just yet. However two years ago as amazon was gobbling up hill pack both cvs and walgreens announced same day prescription delivery and in march when the pandemic hit they wave home delivery fees altogether. And here's the other thing is still fill their prescriptions in person. The journal reported. That's a habit that could be hard for amazon. To change the specially among seniors and cbs in particular has been building in more and more reasons for us to walk into their stores namely health clinics most. Cbs is now have clinics on site where you can go for covid tests among other things one can only do in person and yes you got it vaccines. According to see an cvs is gearing up to offer twenty five million covid nineteen vaccinations a month. The first tranche in december depending on fda approvals. We'll go to nursing. But the average person should be able to get the vaccine beginning next february or march. Cbs chief medical officer. Dr troy brennan told cnn. And if you're walking into a brick and mortar pharmacy you'll probably fill your other prescriptions there as well while you buy makeup paper towels and the cat food. You've run out of right. Vaccinations urgent care. Visits are something. The world's biggest digital shopping mall can't compete with at least not now in the future we'll amazon at pharmacies to its whole foods and amazon. Fresh brick and mortar stores. You know that. Cvs and walgreens watching for that additional threat to appear very very closely
"fifty million dollar" Discussed on Newsradio 1200 WOAI
"Hundred fifty million dollars in funding the Los Angeles Police Department I've also seen the figured two hundred fifty million sunk I'm not sure which is which but either one is unsatisfactory they are president of the LA city council Nuri mosque denies and council members herb Wesson coloring price in Monaco Regis introduced the legislation to reprise or retire is public safety money reinvesting the money in other services including services to up lift disenfranchised communities can take money from the cops and give it to well first quote we need to rethink what it is that makes people safer and makes communities stronger there's no doubt that communities of color suffered disproportionately from negative interactions with the police and so we need to eliminate negative interactions with police no way to do that is to eliminate the police and then everything's going to be better then communities of color will be safer and stronger when there aren't any police out there the new legislation comes as calls to defund the LAPD have been echoed in protests throughout the city and by the way it's not going to be contained a Los Angeles.
"fifty million dollar" Discussed on WEEI
"Been fifty million dollars guaranteed a running back you want to give deck silly money you're re upping all of these do you give your John quite like they're making moves and the person you believe should be the steward of the short closing highly leveraged windows chasing Garrett really. one response the money the head coach. I mean if you're gonna spend some money once you are you know get past sycophancy as the primary requirement for the guy that manages the team's upcoming success is a Major League Baseball actually matters who's up there in that role. I'd lie I would rather have a I am being a hundred percent serious just just I would rather have Tony LaRussa as the head coach of the cowboys. then Jason Garrett in golf buddy bill Parcells and he will tell Jerry Jones to do something anatomically impossible himself if the moment called for eight five five two one two four CBS all water you want to weigh in on Z. going to get all those phone calls so let's get to it what do you like this movie based on one of the I just don't I don't I like it this year. I mean the Todd Gurley contract is looking like a bad contract. and this is bigger and longer and I'd rather have girly it is blind in seeking his eight five five two one two four CBS JC in Portland Oregon beautiful beautiful town what's up buddy you're on CBS sports radio. great so once again to read it can you get in your pants he probably got you guys reformation but nobody got me still. and still in that league Hey you know what JC watts I will crush to run for hours for you. I present but next year for sure when you come down also run the poker scene so usually I don't I agree with you about eighty percent. she will be here so but I think you're wrong for three main reasons one is that unlike a football baseball and basketball if you missed four games that's a quote to forty games of baseball so let's say but they don't tell us what to do for the schedule is really easy to say that it would be dead no details old here the leverage because you say I want her to tell her twenty laying out the cowboys are gonna be like well no we're not going to we wanted to find out and also I think the bigger issue is this. all you have to take care of running backs because what happens if you don't kids in high school and college are they don't want a player right now all the averages about three point seven years they're like wow we can be extremely dark for three years yeah I believe so it doesn't take a position then they are I think kids even even to religion the high school college why would you want to play what about your wife played free safety you want to be a wide receiver you wanted to put the back where you can be in the region here's my deal JC no I do here's my here's my thought here's my deal. you can't make decisions worth fifty million dollars based on what's best for motivating young people to pick one position or another right you got to pick them the best decision for your football team by the way want to get all these calls at eight five five two one two for CBS so we're gonna just hold off on asking Stu why he intentionally blog JZ from Portland from the fantasy football league JZ call then gave his number studio good down other Hey remind me the draft happened totally blanked on it some other people others info to. tell me all about stew unbelievable eight.
"fifty million dollar" Discussed on WNYC 93.9 FM
"You spend fifty million dollars, you can stop a whole lot of bent from coming into the country. And if you focus on Kennedy airport, which is the chokepoint for all of this. You can really stop it. The US has battling epidemic of opioid related deaths last week China vowing to U S pressure said it would list all fennel related substances as controlled narcotics of oh it blames US culture for reviews of the drug. You're listening to NPR news from Washington, and this is WNYC in New York. I'm Sean Carlson. President Trump's personal attorney Rudy Giuliani says he's not worried about the mother report, which attorney general William Barr says released this month with reductions speaking on CBS face the nation Giuliani said the president wants maximum transparency total political endeavour now if we put out that whole report almost all of it. And it clears the president they should not be continuing this investigation. It's a political witch hunt. Giuliani says President Trump was being harassed by congressional Democrats, especially those on New York congressman, Jerry Nadler's judiciary committee, calling them rabid people that hate Trump mayor de Blasio. Uh-huh. Continues to his progressive message across the country as he contemplates a run for president voters in his home neighborhood of park slope in Brooklyn seem largely skeptical of the idea. Greg Carrey Monte with his two year old son Julian today outside one of de Blasios favorite restaurants bar TOTO. Carmont says he doesn't see the mayor making splash the democratic field. Even though he likes his early childhood education policies paying for daycare for us. We're both working parents..
"fifty million dollar" Discussed on WMAL 630AM
"So Elizabeth Warren is pressing forward this wealth tax. Well, if you have a fifty million dollar home and every year, you are tax on the value of that home one million dollars. Or let's say let's say for the sake, of example, something happened that very often happens. You bought the house at ten million dollars forty years ago? And now it is worth fifty million dollars and you've been making an income. Got a little nest egg, maybe the nest egg is ten million dollars. So now because of your wealth, the value of your wealth, you're worth sixty million dollars because you have ten million dollars in cash assets. And you have a fifty million dollar home. But the fifty million dollar home. You spend ten million dollars on when you bought it. The wealth tax would now tax you at a million dollars a year. So in ten years, you'll be broke. You would have a house worth fifty million dollars. But there's no one who's necessarily going to buy it because that's not the way that the market necessarily works. These giant houses sit on the market for a long time. But you have ten million dollars in cash assets, you be forced to take out loans against your home just to pay the taxes to the federal government under this proposal. Now, this isn't gonna work they tried it in France it worked so badly in France that every year twelve thousand millionaires simply left, France. Here's the nice thing about being rich. You can just move. You can renounce your US citizenship, and you can move he moved to Puerto Rico. You can move to Hong Kong, you can reestablish your citizenship in Switzerland. Rich people have plenty of options. If Elizabeth Warren wants to make people leave the United States. This is a great way to do it. They ain't taken anything like three trillion dollars over ten years. Not even close not going to happen. People will simply avoid the tax because they're not stupid, and they're not gonna sit around and watch their assets tax. If you if you like Jeff Bezos, right? He has stock in Amazon he didn't actually buy that stock Amazon. He didn't spend his income to buy that stock and Amazon he owned that star. Now, it's going to be taxed on the value of that stock so billion dollars in stock. He's going to be paying what one hundred million dollars ten million dollars to ten million dollars. You'll be paying every year. Just on the value of the socks is the liquidate stock to pay the taxes insanity. Okay. In a second. We're going to be talking with aerial bolt from code pink about why it's bad to get rid nNcholas Maduro first, let's talk about your car. So we know your car is gonna break down. You know, what I know we all know it the question is whether it's going to do so while it is still under manufacturer's warranty. If it happens after the warranty expires you are in trouble..
"fifty million dollar" Discussed on Recode Decode
"We raised a fifty million dollar round in two thousand eight and now it's kind of unprecedented actually, a private company from public stage investors, and I think it made us a little sloppy in several ways. And we thought we had sort of infinite resources and infinite time, and it didn't force us to solve our fundamental issues right away. So I think that that. Is likely to happen? A lot of companies that SoftBank invest in. I think they've invested in some very good companies that are clearly going to be successful and even vested a lot of companies that probably have some fundamental sort of root caused problems and giving them a lot of money isn't probably going to solve them. Right. And so the theory behind it, what do you think of this theory of just throwing like hundreds of millions of dollars the series, create even if it doesn't affect you? It does create a mentality up and down the system I agree with that to fraud. So I think the mentality of throwing money our companies and making the successful just doesn't work never seen real examples of just take money, and you crown a winner that's their philosophy. I don't believe that works. I think that's the whole history of Silicon Valley is that he's up starts with very limited resources and a bunch of misfits have rearranged every single industry and they've done it over and over again every time someone thinks somebody in Silicon Valley is dominant. Whether it's yahu or before that AOL or whoever they get up ended by new start up. That's a bunch of. Dropouts that have very limited amount of dollars. And so I just don't believe that money is the panel is not the panacea is certainly not the keys to the kingdom. I think there are some companies very selective few where they have an engine that is polished in ready to read and you're just giving gasoline to an engine that works for the welfare. But there's very few of those those are very rare. And so I don't think if SoftBank makes fifty investments maybe five at most or those kind of companies the discipline companies that really get product market fit without a lot of capital. Omar sure they're going to do better than the ones that chase hundreds of millions of dollars. So how do you diffuse that in? This is how do you compete in the system when you're in this system, I think sometimes it takes time, it's hard. I mean, a lot of my job is really explaining things to entrepreneurs. I don't have any power on. How this all I have is influence, right? And so I tried to explain the trade offs. And sometimes it just takes a cycle. For people to see other people get burned by experience before things make sense them. Even if you can explain things rationally without the emotional context. So for example, we grew up in Silicon Valley that went through two thousand or two thousand two to us has an eight right. Yeah. It's put into doesn't. It was a it was a very short sort of two two two thousand two thousand three it was like a new lose called, you know, like a nuclear winner here. And almost everybody met in how the job they were out of work..
"fifty million dollar" Discussed on KYW Newsradio 1060
"And montana but the robert menendez was at one time considered a winner this race could be closest here both democrat and republican campaign committee in the senate and super political action committees make this a fifty million dollar race both parties have to have it the gop to try to keep it slim majority the democrats to have a chance to get the senate back at on the personal wealth of the republican candidate bob hogan and you have a potential for history making campaign contributions larry kane kyw newsradio kyw news time ten thirty five in politics on this side of the river in philadelphia democratic party leaders are trying to get some new blood but they got some mixed results this week after election showed that get as many newcomers as they had hoped here's the story from k by w city hall bureau chief pat loeb three of sixty nine ward leader seats went to newcomers all in south philadelphia the group reclaim philly fans have bernie sanders helped turn over the first and second wards and anti violence activist anton more won the forty eighth beyond that it was incumbents or party faithful replacing retiring world leaders even though the reform group philadelphia three point zero had mounted challenges in several wards still three point does john getting says he was encouraged by the number of people who became active and their success in getting leadership positions such as ward secretary understands changes are happening and people would like them to become a more twentyfirstcentury organization party chairman bob brady says he welcomes the new ward leaders i want to work together with that pat loeb kyw newsradio witness weather five day forecast after a stormy saturday for some across the delaware valley more rain is in the forecast.
"fifty million dollar" Discussed on The Paul Finebaum Show
"Finally gave me what it won't but no you get the fifty million dollar contract with gus and they're talking about getting over the hump with auburn and stability and you know finally getting consistent you know paul if you look at the record over the past ten years i don't know if you're buying consistency i think you're more or less fine hyundai because you can't afford mercedes i just i don't really know why these these giving this extension if you go into their first month of the season they could easily be oh in two in three straight road games to mississippi state all for sorry mississippi state georgia alabama they have five losses if we're not careful i wanna talk jerry in verdict peer here paul what you to give me an outlook and i wanna talk about these losses from tell i'll tell you say this brand i've been in birmingham a lot lately for some good some not so good reasons but i was there about a month ago for for an event and i was talking to an auburn fan any brought the same subject up and he said why did they do it and i tried to explain he really would not he didn't wanna listen to me and i tried to take the side of the auburn president who was watching all these coaching search searches going on contemporaneous ly to what he was thinking and once mouths on in auburn beat georgia and alabama i think he felt like if we don't do this we're going to lose him in fact he knew that so secret the jimmy sexton the agent for maoz on pretty much half the free world said if you don't you don't get a big raise going to arkansas and i think the president remember jay jacobs was already exiting the stage with consultation felt it was worth it.
"fifty million dollar" Discussed on Acquired
"Seven hundred fifty million dollar valuation incredibly incredibly impressive and from what from what david niner stand from some some primary source research a very very competitive round where injuries and horowitz just decided we're going to do this and nobody is going to nobody else is going to do this it's just going to be us and it was a great company actually very hot a great round to do an obviously andriessen did great in the investment but also not super clear that it warranted them i mean they had grown so much as we alluded to i wish i had my old in my old term paper from dsp had the number of software developers in america they really approaching one hundred percent penetration so is unclear like how much more get club get hubka grow while david if year entire fund thesis is that software is eating the world could imagine there's probably gonna be a lot more software developers one would imagine and one would be correct so january twenty thirteen six months after they raise the series they announced that they have three million users and five million repositories and again you're wondering about how much headroom is there in the market by the end of twenty thirteen they have ten million repositories so doubling the number of users or doubling the number of projects hosted on the site publicly not to mention the private ones and things are going great unfortunately twenty fourteen was not the best year for the company in lemme i actually pulled up your term paper and looked at it at the end of twenty twelve gig hub had almost two point eight million members compared it with the total professional soffer development burp that software developer population the united states i've only one point three million had over one hundred percent of the united states software developer population right so presumably international like you know half a million from the us and a ton of national ears but crazy crazy how much bigger can get.
"fifty million dollar" Discussed on The Smart Passive Income
"All send you the shake and he deed and the next day a more meals this guy had shared you can actually buy the shade separately in seven right i e mails the next night when i come home from work will you sell them in the chain so and registered at demand and i started selling this i actually started as a warrior special offer and that i wake happened to be moving house on sold at dow's dollars a day where the shade in its first week you know had this like thunderbolt it's like wow you know if i could just do this instead of going to work i could actually make this a living this is a thing and that was really the sade and once i sunk my teeth into that does not letting go and it was an obsession for it was two and a half years of doing two jobs general manager by with a fifty million dollar revenue business seventy something staff and at night also solar with no staff doing absolutely everything myself making every mistake you can possibly make the slow business growth known to man and eventually transitioned what i knew from my day job into my part time job i would actually sit in the dealership and look around from my office and i'll think well what did full as people worked for me what have that person over there doing keyword research not person over there writing articles that person answering old as bonus support desk queries and that person building my website it's like a fantasy really there are so obsessed with pat and i just stuck with it and i have a time i hide it support desk person and then an article rata in lifted myself out of out of sort of nothing into something like up to this frustrating level whereas about a hundred and fifty thousand dollars a year with my exile.
"fifty million dollar" Discussed on Now Playing - The Movie Review Podcast
"Of luxembourg put up some money because this was filmed there and according to the producer this may only have a twenty five million dollar budget but in the us it would be a fifty million dollar film okay and chris roberts also at this time was starting his own effects company doing digital effects this was very cutting edge he was honestly up there with lucas competing i really because i'm like some of the shots is that a screen saver that really supposed to be space there were no flying toasters here digital and build was his affects house and so he was having them do the work for a much reduced rate i hope it was for charity and todd boyer was also heavily involved in the casting because he knew global distribution was needed for a profit and he also knew freddie bridge judea and matthew lillard meant nothing in germany or france as so that's why we have process now and cario and all these various foreign people is specifically to engage the international audience and try to get some money it's really funny because i found the electric press kit from this movie and it's real fun to see freddy prince junior sit there looking at the camera go on you know moyer and roberts or like brothers they just really support each other and then to read ten years later how moyer's like yeah that's script was bad into just got a little better before went to shooting and roberts talking about how if you'd had a better producer being a first time director he wouldn't have made some of these mistakes and moyer left him out to dry but finney ever work again.
"fifty million dollar" Discussed on Risky Business
"All in you need to be vision ity and then she literally bundles with ity saying like look if your business is going to go and raise make fifty million dollars that's good for you but that's not what makes me successful and if that's what you aiming for like just a fifty million dollar business than a that's not for us and then you shouldn't call yourself visionary in effect and despite the fact that it's super eighty fifty almost everyone thinks that they've got a vision for building the company and so silicon valley is kind of tied visually would going the funded company and i think that stupid end then the other thing that the vc's promise you is media coverage and again like i can i can tell you straight up how ridiculous that is because it's the same thing that companies do today clients they promise them coverage and coverage is equal and they don't have the access that eyesight i promise you yeah it's well look for us we'll most believed it right because i'm not sure if if you remember but when relaunched i wrote the i don't to hold bunch of reporters like tech ause and all of the guys and i followed all the rules that all the documents tell you how to do it so i'm gonna stop you right here because i can tell you as a as an infosec journalist of seventeen years experience company makes interesting product is not news okay like we don't care you wanna get that the word out about that please contact the sales department don't get in touch with me it's not news.
"fifty million dollar" Discussed on The Jason Stapleton Program
"I was sitting in a mastermind group and write it with ryan deiss in perry belcher who are they run digital marketer they are some of the most successful marketing people on the planet and they're they're great people like peres varies a little he's a little crazy but he's a good man he's he's not a bad person and and ryan is just one of the nicest guys that you will you'll ever encounter and so i'm gonna mastermind group with thirteen other people that in that is run and his with by by perry and ryan it's called war room and you can still join if you want to it's much bigger now i left when it got bigger 'cause i didn't i didn't want one hundred people in the group but if you got thirty thousand dollars a year to to invest in a in a mastermind group is a good one and so we're sitting around in this circle round table at one of our four meetings we met four times a year and they are talking about a the guy sitting across from me runs a fifty million in dollar what is fifty million dollar server company so people who wanna do hosting right and they were telling the story they were laughing about it during a break that win they decided they were going to start this company these two guys they they were already successful and they said you know we're gonna start the server company and everybody in that group this making ten million fifty million hundred million dollars a year in their businesses and they're sitting around we got this idea start this server company and every one of them crew including ryan and perry were like this is a stupid idea like you nominate server companies are out there like this is already something that is being done all day long and there are people who are stabbed view are not going to be successful at this this i think this is a stupid idea and that's really the goal i mean you're in the mastermind group you wanna take the advice of these people you're trying to get a consensus on eight am i am i going about this the right way is this a good idea that's why you're paying thirty thousand dollars a year to be in the group well.
"fifty million dollar" Discussed on WTVN
"Fifty million dollar ticket was sold in port richey florida tonight's powerball will be at least five hundred seventy male you're listening to abc news extreme cold has taken over central ohio the national weather service says the high temperatures will not reach the teens over the next few days with subzero lows a wind chill advisory is in effect today franklin county pet owners are also reminded to bring their animals in from the brutal cold dogs shelter officials are sending out the reminder after at least three dogs were found frozen to death at this week the dogs deaths are being investigated for possible animal cruelty charges a man was killed in an officerinvolved shooting this weekend in whitehall police were executing a warrant at an apartment complex where they say fenton all lays heroin window is being sold when they encountered the arms suspect identified his twentyeightyearold illarion deem mix in a confrontation ensued and he was shot by three officers since vinton always found at the scene every one had to be tested for contamination one person is in critical condition today after a hit and run in north columbus police say the person was struck at gilbert road and east hudson street around one thirty a m they were taken a grant medical center police are on the lookout for a black fourdoor sedan jail inmates in franklin county will soon have to pass through a body scanner as part of their booking the xray scanner was unveiled this week as part of an effort to keep drugs and weapons out of the jail on jackson pike jail him to to use the one hundred and twenty four thousand dollar device in hopes of launching its use later this month and columbus man will likely be spending the rest of his life is spending the rest of his life behind bars for a serial rape spree go one lane was sentenced this week to seventy seventy years in prison for rape and kidnapping e pled guilty to assaulting three women and a teenage girl over a three week spanning 2016 and columbus has graduated its largest class of police recruits at a time of soaring street violence the city recorded one hundred and 43 homicides last year four more than the number of those killed in 1991 during the crack cocaine.
"fifty million dollar" Discussed on WNYC 93.9 FM
"Of the art content and learning objects deep integration in that region when marty need this presentation the you tsystems governing board had already agreed to spend fifty million dollars on the institute for transformational learning and after her presentation they agreed to spend fifty million dollars more all of the money would come from the oil fund barney promised matthew in me a second interview plus alive demo of that text product but for months we didn't hear back in the meantime i got an anonymous tip in email claiming the turks was practically unusable and at low educational value the tips or said the one university trying use in its classrooms had abandoned it then we learned marnie had resigned then we learned her boss had resigned and finally after three months of waiting we sat down with someone who oversees the institute now my davis steve leslie i've the executive vice chancellor for academic affairs university of texas system we had some tough questions for steve and he was surprisingly opened with us is it fair to say that back in 2011 when disinvestment was first made fifty million dollars there wasn't much of a business plan for sustainability oh say upbeat accurate statement yes but then another fifty million dollar allocation was made you know do you think that second allocation was made with the understanding that there does need to be a business plan now though the expectation was that there would be a business plan but there was not the foundations of a business plan uh at the time that spotter money was put in place uh idiot was it was.
"fifty million dollar" Discussed on Talking Tech
"You may have heard that apple has decided to revive a series from the nineteen eighty that was a big expensive flop for embassy but one with lots of ambition and pedigree steven spielberg's amazing stories in attempts to bring back the empty allergy cornet of shows like the twilight zone in outer limits apple hasn't said what it intends to do with the show we just know that it's supposedly paying five million dollars per episode for a ten episode fifty million dollar order let's try to figure out paople plans together on today's episode of talking tack i'm jefferson graham with usa day stay tuned apple's revival of amazing stories falls under the trend of internet revivals of wellknown shows from the past netflixing brought back full house arrested development and the gilmore girls apple adapted the comedy bid carpool kariuki into its own freestanding show for apple music streaming music service and of course the broadcast networks are now additives well with nbc's revival of will and grace and abc's upcoming reboot of roseanne all things old our new again amazing stories ran from 1985 1987 was and was part of the big push rooms vilbert into tv his other major series for nbc was seek west dsv which was an even bigger and costlier flop than amazing stories while his cartoons were very successful remember pink he in the brain and maniacs or tiny tune adventures amazing stories enlisted top film directors to helm little stories some horror some fantasy for sunday night television some the directors included clint eastwood burt reynolds martin scorsese toby hooper and spielberg himself.
"fifty million dollar" Discussed on KFI AM 640
"Hundred fifty million dollars to help build the new la county museum of art the lack my gift is the biggest donation on record for an american museum building project lacombe has been trying to raise six hundred fifty million dollars for a new building that will span will show broke wilson wilshire boulevard the museum still needs another two hundred million to get started to physicists they caltech i've won the nobel prize for their work at the intersection of space and time people a conflict cheered kip born of deri viewers for their work of detecting gravity waves from the coalition of two black holes a moment born cookers with powell williams crew from modern astronomers reseller rate today the creation of gravitational us rotherham four hundred years later by like oh scientists fear says why goes an instrument that the turks gravitational waves while yours probably one of the best and most masing instruments severed guilt by mankind the detection of gravity waves proved a theory posited by einstein a hundred years go to fluctuates exist at keltec kris ankarlo kfi news and a judge in detroit has sent a mother to jail for a week for refusing daverson vaccinated michigan allows exemptions for personal beliefs but the woman agreed to vaccinate or son in a custody hearing last year she told the judge this morning she can't go against her beliefs in his ear horrible or oh no we how the mothers ex husband we'll get custody of their son during the jail term the mother claims her exchanged his beliefs on vaccinations to gain leverage in the custody battle traffic from the helpful socal honda traffic center robin banks what's up on.
"fifty million dollar" Discussed on KOIL
"In our app i mean and can be done easily year they'll swampland in florida joke i i learned to be good investment porter years ago well might be hill depending on where your mind their disney but you know the thing is i have not investigate somebody packaging and like that there is no sir th there's almost no such thing is very few properties that go to tax lien status there are a fifty million dollar property and therefore have a what a million dollar tax bill on them so what they have to be doing years after be bundling a bunch of little properties together to create this package and then they were requiring large net worth people to buy in the closet such a high risk investment this is not i no risk investment there's a low wanna play involved here and i with if i had to make a decision based on what i've heard today only from you i wouldn't do it because i got you and i are respect better pay numerous probably the way out grilled has issue if you're going to go forward you've got a lot more due diligence to do i'm not saying they're scam artists i'm not saying that 'cause that's possible somebody in a legitimate way as baggage this together and securitised it is kinda sounds like that's what they're attempting to do but i'd wanna know the inner workings of this a lot more detailed and when someone starts promise me that on tax liens certificates which have traditionally been in the get rich quick market that that also throws up a flair for me because it's usually roundly scam gaza into the weekend seminars for that kind of thing and side to me flares around this from me uh i'm back and find more traditional investments investment still pay in that same ring and i've got a lot more control and a lot more track record this is the dave ramsey show mm please.