35 Burst results for "Five Billion Dollars"
Judge blocks tax cut rule in American Rescue Plan
"Hi Mike Rossi a reporting a judge blocks the tax cut rule in the American rescue plan a federal judge in Alabama has sided with thirteen states that sued to contest the provision of the American rescue plan act that prohibited states from using pandemic relief funds to offset new tax cuts U. S. district judge L. Scott Coogler ruled Monday Congress exceeded its power in putting the so called tax mandate on states the American rescue plan steered one hundred ninety five billion dollars in flexible relief funds to states that specified the funds could not be used to offset tax cuts Alabama Attorney General Steve Marshall called the restrictions an unconstitutional assault on states sovereignty by the federal government justice department lawyers argued the money should be used for its intended purpose pandemic recovery hi Mike Rossio
Study: US shoppers outspend Chinese to restore luxury market
"There's another sign of the global recovery with the market for luxury goods snapping back to pre pandemic levels a study from the bane consultancy forecasts global consumer spending on personal luxury goods things like high end accessories leather goods and apparel will spike by twenty nine percent this year to some three hundred and twenty five billion dollars that's right where it was in twenty nineteen and a turnaround from the gloom of the twenty twenty pandemic lockdowns that shuttered stores and halted international travel US consumers have at least temporarily supplanted the Chinese is the biggest spenders accounting for one third of all sales this year Chinese shoppers account for about twenty three percent on par with the Europeans still the larger global luxury market which extends to high end travel dining fine art and furnishings continues to lack twenty nineteen levels I'm
US budget deficit eases to $165B in October, down 42%
"The United States monthly budget deficit fell in October I'm Ben Thomas with the numbers a much improved economy enabled the government to collect more taxes from individuals and corporations last month the treasury department reports the federal deficit came in at one hundred and sixty five billion dollars that's forty two percent lower than October of last year when it rang up a record two hundred and eighty four point one billion in twenty twenty revenues declined while spending to deal with the impact of the corona virus sort for the twenty twenty one budget year which ended September thirtieth the deficit totaled two point seven seven trillion dollars that was the second highest on record behind the year before twenty twenty Ben
Twitter posts Q3 net loss due to lawsuit settlement
"There are mixed results from quarterly earnings from Google and Twitter digital ad spending a Google drove its parent company alphabet's profits up sixty eight percent in the third quarter Google is the world's dominant search engine it owns the biggest mobile operating system and android and runs YouTube according to eMarketer Google holds twenty nine percent of the global four hundred fifty five billion dollar digital ad market Twitter posted a net loss mainly because of a lawsuit settlement but its revenue rose sharply in the third quarter boosted by solid ad sales worldwide Twitter says it has two hundred eleven million daily active users on average in the third quarter up thirteen percent from a year earlier I'm a Donahue
Big changes in White House ideas to pay for $2 trillion plan
"With the clock ticking toward a self imposed deadline the White House is offering to shift off a key component of how to pay for president Joe Biden's two trillion dollar social services and climate package the White House is prepared to keep the corporate tax rate at twenty one percent shelving a hike to twenty six point five percent favored by many Democrats for companies earning more than five billion dollars a year instead there would be a new tax on gains of those with more than one billion dollars in assets in his hometown of Scranton Pennsylvania Wednesday Biden was sounding confident this is been declared dead on arrival from the moment I introduced but I think we're going to surprise them but the clock is ticking democratic leaders in Congress want agreement by week's end Mike Rossio Washington
Rep. Marjorie Taylor Greene Explains How Two Democratic Bills Are a Recipe for Instant Socialism in America
"With us is congresswoman. Marjorie taylor green. Who is calling for everyone to do what they can to try. And tell the senate not to raise the debt limit congresswoman. Are you there. Yes hi charlie. Thanks for having me on your show. You bet you sent out a tweet saying everyone needs to call the senate switchboard. Let's take a step back. Walk us through the significance of this and the latest when it comes to the fights happening in washington dc. Okay well just to break it down. Everyone needs to understand that the democrats are working very hard to pass to ells the infrastructure. Bill which is almost one point two trillion dollars and the budget which they had it at three point five trillion. Then they took it up to four point three trillion and that's when mansion and cinema and the senate said no. We will not vote for this. It's too much money. But here's what you all need to know about. Both of these bills them for structure bill is not about paving roads or building. Bridges it's really about socialism as a matter of fact almost about round six percent of the infrastructure bill only goads towards real infrastructure roads and bridges. The rest of it is full on socialism with big programs in even seven point. Five billion dollars that will build five hundred thousand electric vehicle charging stations all over the country because they want to force america on electric vehicles which will force us to be energy independent or energy dependent. I'm sorry on china and then the budget. The budget is even worse. The budget is full passage of the green new deal and more socialism. These will be programs will never be able to undo. It will fully wreck our economy and hurt americans in the future
Why Does Mark Milley Have More Medals Than Dwight D. Eisenhower?
"Mark milley who is a traitor to the united states and should be court-martialed but he won't be he will be promoted. Given book deals treated very seriously look at how many medals he has. When i play this on the livestream on rumbled dot com. Dwight eisenhower the greatest. One of the greatest generals in american history had like two medals in one world war two alongside the sacrifice the blood and and the commitment of so many heroes. What does mark milley ever done as useful overseeing the destruction of the greatest military in the history of the planet play cut thirty-three. It is clear it is obvious. The worn afghantistan did not end the terms. We wanted with the taliban now in power in kabul and we must remember that the taliban was and remains a terrorist organization and they still have not broken ties with al qaeda. I have no illusions who we are dealing with. It remains to be seen whether or not the taliban can consolidate power or if the country were further fracture into civil war. So why did you give them weapons. Then so why did you give them. Blackhawk helicopters mark. Milley mind. You give them rifles. Why did you give them grenades. Why did you give them eighty five billion dollars of our best weapons if they're an enemy and make no mistake. I know who they are. Why did you work with the taliban toback channel to try to all of a sudden give up bomber base
We Can't Give Joe Biden the Benefit of Good Intentions
"On the right. I've heard a lot of people with our talking points talking about how this was a bungled withdrawal from afghanistan. Charlie was this a bundling or was this intentional. No it was totally intentional. And one of the mistakes that we engage in far too often as we give the benefit of good intentions to our enemy and i would expand just on joe biden. It is the left. It is half the country that i to say. It's half the country. It's it's the people that purport to control half the country that control the major institutions of the new york times harvard the tech companies and the major corporations that have this belief that regardless of what we say to them or regardless of how we approach them they think as dennis would has been saying for last has ten years. Haven't listening to him that they think we're bad. We think they're wrong. We have to stop getting them the benefit of good intentions. These people want to destroy the country stop negotiating infrastructure packages with a party that wants to imprison you and your liberties and freedoms look we intentionally arm. The taliban we gave eighty five billion dollars of weapons. This was probably done some sort of triangular deal with the chinese. We may never know the people i talk to. In the department of defense people talk to in the intelligence agency say that you should not blame. Any of this on incompetency. Yeah maybe randomly drums striking some guy that works for the local gas station in rural afghanistan. That was joe biden and trying to improve his poll numbers with just like that guy with a drone strike. That might have been competency but make no mistake. It's not it's not all of a sudden the lack of intelligence where you say you know what. Let's not destroyed a weapons before we pull out of the country mean a fourteen year old. Who plays call of duty on. Saturdays and sundays knows that. At least you destroy the weapons or you withdraw from a country. Now this was malevolence and the democrats joe biden and this regime. They know exactly what they are
Judge Conditionally Approves Purdue Pharma Opioid Settlement
"Hi Mike Rossi reporting a judge conditionally approves the Purdue pharma opioid settlement a federal bankruptcy judge has given conditional approval to a potential ten billion dollar plan submitted by oxycontin maker Purdue pharma to settle lawsuits filed over its role in the opioid crisis under the settlement the Sackler family would give up ownership of Purdue pharma and contribute four point five billion dollars to the fund the Sacklers would also be freed from any future lawsuits over the opioid crisis U. S. bankruptcy judge Robert drain said he will formally approve the plan Thursday if to technical changes are made but nine states Washington DC Seattle and the U. S. bankruptcy trustee oppose the settlement the state of Washington plans to appeal hi Mike Rossio
Daos, NFTS and Crypto Derivatives Win Attention as Billionaire Paulson Calls Crypto Worthless
"What are the interesting things about. Hedge funds and venture investors. Is that often times. One really big contrarian bet that pays off can solidify investors reputation for a very very long time. John paulson had one of those bets. Betting against the housing market in advance of the great financial crisis. That position ended up netting him and his investors something like twenty billion dollars which is very clearly a career defining bet however it hasn't been quite as good since then at peak in twenty eleven pulse and managed thirty eight billion that was down to nine billion by twenty nineteen when he shut down his hedge fund and started managing his own money an estimated three point five billion instead this is not the scoff at three point five billion dollar fortune but simply to point out the paulsen is proven himself to be pretty firmly in the camp of one really good call which perhaps takes the sting out of his recent comments on bloomberg wealth with david. Rubenstein about crypto. The setup to that combo is one. Many bitcoin is in particular will resonate with basically he says that an expanded money supply is going to drive inflation. His bet however big time is gold. He's backed it for years. And this apparently is finally. It's moment crypto. On the other hand he says will eventually prove to be worthless. I wouldn't recommend anyone. Invest in crypto currencies. Santiago santos said on twitter. It's hard to know. How much is luck versus skill and investing unless you can win and lose on purpose to this day. I doubt my ability. Here's paulson who got a tip from a deutsche bank trader too short housing poor track record since won't be as lucky. This time with crypto masari's ryan sell. Kiss was a bit snark here. John paulson must be bitter. That about thirty crypto investors and entrepreneurs have now leapfrogged him in net worth betting on gold versus digital gold financial internet and the user owned economy at this point is record shadowing boomer energy. What a savage and true phrase record shattering boomer energy
Jenna Lewis Calls on U.S. Cabinet to Invoke 25th Amendment, Remove Biden From Office
"Get your constitutional loyally take on the current situation. We have people saying the president of the united states the man who deems himself to be that has committed treason. The twenty fifth amendment should be deployed by the democrats as somebody who's been in swamp long enough now who's been fighting the swamp creatures. What he's jenner ellis's expectation given the last two weeks. I don't think the democrats are going to this guy until they find a better option. I don't think so either. I mean if the cabinet were operating sincerely and in good faith they would have already invoked twenty fifth amendment. And it's actually surprising to me that come on a harris hasn't an immediate. She's trying to do that behind the scenes. Because you need the vice president hand. The majority of the cabinet members so the twenty fifth amendment. I think does apply and of course the operational language is unable not unfit because remember. I made that distinction. Nancy pelosi was calling for twenty five against trump. because she's like oh he's unfit for office. Well that's a very subjective term. Unable literally means he cannot perform. Yeah or he's in very diminished health mental capacity. A like clearly. Joe biden is so the twenty-fifth amendment here rationally and constitutionally could apply. I think joe biden needs to resign. If there were any just just moral turpitude left in washington. He would absolutely resign in step down. But i also think that. There's a very good case to be made for impeachment on the basis of treason because treason remember is defined in english common law and within the context of treason. Bribery or other high crimes and misdemeanors within the language of the constitution to mean of course including aiding and abetting or getting eight giving aid and comfort to anyone and to put eighty five billion dollars worth of military arsenal and to be excluding citizens from the united states of getting out from behind enemy lines. Everything that joe biden has done as the commander in chief. I think fall squarely within the definition of treason under that
Did Joe Biden Intentionally Give the Taliban US Military Technology?
"Greatest enemies have all of our military technology. All of it. How is it possible. That joe biden. Let this happen. Was this intentional. Did he want our enemies to have it hard to believe that incompetence could possibly let this happen jake sullivan. The highly unimpressive person's never done anything useful in his life because we don't have a complete picture obviously of we're every article of defense materials has gone but certainly a fair amount of it has fallen into the hands of the taliban and obviously we don't have a sense that we're going to be ready to handle the handed over to us at the airport. The taliban now has the twenty six largest air force in the world with zero pilots. Six hundred thousand weapons seventy five thousand vehicles two hundred total aircraft and eighty five billion dollars in total weapons hundred ten helicopters sixty transportation cargo airplanes twenty light attack airplanes and eighteen intelligence reconnaissance and surveillance airplanes. The taliban now has more black hawk helicopters than australia and this is all on our government. This is all on joe biden. Who now wants praise. Who says this was a perfect withdrawal. Are you kidding me.
New England preps for 1st hurricane in 30 years with Henri
"Hi Mike Rossi a reporting you England readies for its first hurricane in thirty years national hurricane center director Ken Graham says by Sunday tropical storm Henri will be hurricane pretty close to the a Rhode Island Connecticut up in Massachusetts and New Englanders are prepping for the storm could knock out power for somewhere between a hundred thousand three hundred thousand residents Massachusetts governor Charlie Baker has up to one thousand National Guard troops on standby they'll be ready to assist with high water rescue to be to re clearing and public safety support National Weather Service says Henri might make landfall first in eastern Long Island the hurricane watch stretches from the south shore of Long Island to Massachusetts Thursday was the thirtieth anniversary of hurricane Bob coming ashore in Rhode island as a category two storm that left at least seventeen people dead and caused more than one point five billion dollars in damage hi Mike Rossio
If Were Gonna Spend Billions Improving Broadband, We Kinda Need to Know Whats There
"Internet safe to say has become pretty essential to our lives especially during the pandemic and yet many americans struggled to get it. The government has mapped internet access for years. But those maps have overestimated that access so congress task the federal communications commission with making better ones. The first results came out this month. A map showing mobile coverage from four of the biggest wireless carriers but mapping out wired broadband is still in the works. Meanwhile congress is poised to pass the infrastructure bill which could allocate sixty five billion dollars to improving broadband in the places that need it. Most
President Biden's Lawless Eviction Ban
"A big flip flop on eviction. Fiction van a The wall street journal editorial board. Opines that this is a lawless eviction band national review says landlords auto ignore. It biden admitted yesterday that the are actually tuesday. The bulk of the constitutional. Scholarship says that it's not likely to pass constitutional muster. Let's let's do it otherwise let's do it anyway. Biden says at least by the time it gets litigated. It'll give some additional time while we're getting that forty five billion dollars out to people who are behind in the rent. While the wall street says many presidents have overstepped their authority. But this one. This is premeditated lawlessness. Got a president. Admitting it's unconstitutional and we're going to do it anyway.
Infrastructure Deal: Senate Votes to Start Work on $1T Bill
"Hi Mike Rossi are reporting the bipartisan infrastructure package clears its first hurdle in the Senate on the Senate floor Wednesday night Majority Leader Chuck Schumer hailed the vote as the Senate moves to proceed with work on a nearly one trillion dollar bipartisan national infrastructure plan I want to commend the group of senators who worked with president by to reach an agreement on a bipartisan infrastructure bill the bill includes five hundred fifty billion dollars in new spending on public works projects according to a fifty seven page G. O. P. summary obtained by the Associated Press the package would be paid for by tapping some two hundred five billion dollars in unspent covert nineteen relief aid fifty three billion dollars in unemployment insurance aid halted by some states and it relies on economic growth to bring in fifty six billion dollars eventual approval of a final package could rise or fall on the assessment of the Congressional Budget Office as to whether it is fully paid for Mike Rossio Washington
How Important Is Broadband to the $1.2 Trillion Infrastructure Plan?
"Here. In washington including president biden are hoping debate on a one point two trillion dollar infrastructure. Package could start as early as monday. Just before the august recess senate republicans blocked a procedural vote to start that debate this this week pushing for more time to hammer out details. You've got the usual talk of roads and bridges. Yes but broadband access is another key part of the legislation with the draft showing sixty five billion dollars. Devoted to expanding high speed internet access across the country and details are starting to emerge about what form that might take. It's a topic for quality assurance where we take a second look at a big tech story. John hendel is technology reporter at politico covering the blow-by-blow. I mean this is kind of wonky. Dc battle but it's been about how fast broadband should be. That's been a key. Part of this from the gecko. The original plans you saw from many democratic lawmakers would have pushed for very fast speeds hundred megabits a second download and upload. This new draft does show slightly more modest goals. Why this matters is kind of what technology used to try to fix the digital divide many democrats would like fiberoptic cable. Lines laid down there. This would be future-proof this would be good for decades but that would also mean if you put these benchmarks in wireless companies some cable. Companies satellite broadband. Companies like elon musk's spacex day might not be able to bid for the money in the same way. So you've seen like a intense lobbying over
Can a New Wave of Crypto IPOs Rekindle Wall Street Excitement?
"Anyways today. We're discussing the robin hood. Ipo and the circle ipo and whether they can get wall street. Stoked on crypto again. So first let's talk some background. In retrospect the coin base ipo as the top sort of looks super obvious right base ipo on april fourteenth and the bitcoin all time high depending on your exact source came within around twenty four hours of that event there was an extraordinary amount of hype around this which by the way is technically direct listing. Not an ipo. But either way there was a ton of hype and it's because in many ways it wasn't just a single event. He was the culmination of an entire narrative which had been driving the industry for upwards of a year that point. Bitcoin had surprising resilience post black thursday crash in march twenty twenty hedge funds. Particularly paul tudor jones start to notice and explicitly identify it as a good trade in the context of massive global money printing. And this wasn't hard to understand right. It was an incredible moment to c- bitcoin supply issuance pro grammatically have had the exact same moment as central banks were getting comfortable with bigger balance-sheets than ever and by the way paul tudor. Jones wasn't even close to the only hedge fund who bought into this narrative by late summer. Early fall some others like stand druckenmiller. We're going on cnbc to say so as well and turn michael sailor and the bitcoin treasury bat and all of a sudden there's an additional dimension to this institutional by narrative other companies like square follow. Suit some really unexpected players. Come in as well like mass mutual's one hundred million dollar bitcoin. By which is where many of you probably. I heard of a breakdown sponsor night dig all of this creates an incredibly strong clear narrative picture going into the holiday in the new year. And then we get alon tesla's one point five billion dollar. Bitcoin treasury by dwarfs at least the initial by of micro strategy and we really off to the races and then coin bases listing is announced and it seems like the combination of things a major truly legitimising company from the crypto space moving into public markets
"five billion dollars" Discussed on Cards Chat
"To win prizes so like even if you win the tournament the person and second we'll get first prize so on okay so in other words i can't win anything right and i've done that. I've been insured events like that. But even there when i literally cannot win. I just can't like play ban on purpose. So if you see me make a play. That's clearly bad and then it really is my own fault. It wasn't just saying screw it. I don't care that means. I honestly for some reason thought that was a good play okay. I'm and so. I certainly can make mistakes but i cannot knowingly. Make a mistake. I can't no. This is like oh this is stupid. Time to get it all in and he'll do it. Anyway that's fair. And so you know. I might have a really horrible read on you. I can only meet a bluff. But i'm hearing bluffing and then turn out. Like oh heck he has quads. God like so. I've i've been completely off on reads and made big mistakes. But they've all been honest mistakes. Not ones that. I knew i was making Besides obviously the year you want two thousand four was there another year since then that you particularly enjoyed either playing or perhaps as a fan of watching that year's main event or something like that. Well i like most of the oh five main event your after all day. Yeah but the last day and a half now that one to be honest that hand that crippled me where Aaron kanner made a flush. The runner runner flushed to beat my kings. I can estimate that that pot cost me. Maybe as much as forty million dollars in equity. Because if i win that pot i have like ten percent of all the chips and i would have given myself fifteen percent to win it again at that point and it's not just like fifteen percent of the first prize right but it's also like oh wait it's over. It's over five height of the poker. Bom if i win it back in back to back. Then i'm going to pokerstars in like let's renegotiate. Might me me some ownership. You want to johnny the few. I want to yeah. I mean if you want me to keep representing you. I need to have a few points in the company. And then you know maybe i own one or two or three percent in may sell for five billion dollars so i you know fifteen percent of what could have been yeah works out to maybe as high as forty million man on hand no so on the plus side. You cannot put a bed beat on me. That's even close so it's really hard for me to like. Take a bed beating get upset any like look at man. I've taken it one hundred times worse than this so you know like that. Look on the bright set that that's important madness..
"five billion dollars" Discussed on The Herd with Colin Cowherd
"Lebron. Yes there's a show before me one of the people not as pro liberal. I'm overwhelmingly pro. Lebron joy i need a minute. I do this about once twice a year. It's like we got beef. I love russell wilson. I love russell wilson. But one that i say after the seahawks went and got gabe jackson gerald everett new coordinator. I said okay russell. They they did they. did you. good go in games dhabi fair. That'd be fair. I love lebron. We gotta be fair here. So lebron came out yesterday and race to twitter. He does a lot. I'm not a huge fan. But he banged on the nba. It was basically without boring. You i told you so. We shouldn't come back so soon. The players needed more rast blah blah blah blah blah. So just just as a matter of fact. Let's talk about some of the players that have been hurt in the playoffs. I'm gonna mention names. See if you have any common thread here nurkic in portland a d. m. bead coli kyri k. d. Mike conley chris. Paul wait they get hurt. All the time of the guys that are stars have been hurt a lot now donovan. Mitchell injury could be fatigue because they've asked so much of him but mike conley. He's been hurt since two thousand thirteen. Katie hurt eighty hurt. 'em beat her co i hurt. Kyrie hurt nurkic shirt folks. A lot of these guys were hurt all the time. Jalen brown of the celtics. It was a wrist injury. That's not a fatigue injury. He banged up his wrists. You can't blame fatigue. I do think the donovan. Mitchell injury like dave like if he was a pitcher. They're asking him to throw it three hundred innings. That one feels like fatigue issue. So let's start with that. Let's slow down. Every injury is the nba's fault. Here's the second thing though and listen. We've all gone through this together. We've all gone through this. The other the nba got a terrible break. The pandemic hit in the middle of their damn season. The nfl sat. There is like no. I wouldn't do that. I wouldn't do that. I wouldn't do that. Nfl had eight months to watch everybody at to deal with this. The nba got hosed february. March it's right when their season gets interesting pandemic so i'm going to give them a little leeway to one thing if you can see something coming. That's a problem when it lands in your lap. It's really really difficult so the nba. During the pandemic they lost fifty percent of their audience. One point five billion dollars. They were hemorrhaging money. They were hemorrhaging viewers. They hadn't solved the pandemic the cut. We are president or white house. hadn't are congress are set..
"five billion dollars" Discussed on Talking Junk
"You need a new podcast. Whatever and what you've know look no further than talking junk until i really don't share exactly how to do it. I thought you know what. I'm just going to give like literally full proof framework that if somebody like me who really had the desire to do it they can do it and hopefully make five billion dollars off of that because you know i mean i did. Start at a very really. I had no money and begin english. And i have lived the proverbial american dream. I and i'm very grateful for it. I that's why. I told him at the beginning of the show. I said i'm not gonna complain about anything. Remember that yes the loveliest guest we've had on here that's not true. You have eupol okay. Oh we had plenty and they have been lovely however you look into the loveliest well. Thank you lean. Greek but no very very I have to say. I admire from everything i've heard here. If there's anything that you can directly take from victoria here is look at what having a real work ethic has you and not taking no for an answer in the sense of can do it this way. All right well let me figure out how to do it them. I don't have one hundred dollars. Will how can i do with ten dollars. Let me figure that out. And that's Ethic sense of mind that if people just applied to how they're already doing things they might actually see that there they can have more success. That does not going about career. There they take else or losses little to the heart and not as much as a lesson. You take those lessons so that way. You can be like kay. That's not my way. Or i gotta do better. If that's the way that i'm going to go instead of it being like well. Maybe i can't do this. Maybe not good enough. That's not necessarily the answer. So you exhaust everything until you know..
"five billion dollars" Discussed on Armstrong & Getty On Demand
"Right because they know which way the wind blows. And what's going to serve the good. What's going to make their boss happy. And what's going to give them more funding in what's going to keep him out of trouble and what's going to keep them you know in their job that's that's the way it works But that's just moronic thing for the join the chairman of jeep joint chiefs to say and for the president to keep repeating well. Yeah it's almost like my doctor saying the biggest problem with refereeing and basketball's calling phantom fouls it's not your job you have nothing to do with that. It's interesting that you hold that opinion but i don't wanna bunch of basketball fans quoting doctor. It's not his field right. If separately you want to say that the biggest threat to our country is global warming. And i would highly recommend you read that book from the guy that was in the obama administration that says the data has been be been distorted for years on this. But anyway if you want to make that a separate conversation that's interesting but let's not have our military focusing on global warming while china's doing what it's doing for crying out loud no they're focusing on the overwhelming in defeating us and if it's point zero one degrees warmer in the ocean while they do it they don't give a crap. Yeah yeah so. This is apropos. Nothing we can move onto substantive stuff next segment. although it is friday. And i'm feeling screwing around honestly. Oh we got that whacky relief pitcher. That's captured the nation's attention. Okay now to do some stuff with him but i want to get to that california protests. I keep mentioning. How much young. People are drinking in america s people. That are underage. What are your. what's your feelings. Underage drinking since grew up with the drinking age eighteen. So in my mind. It's still that. I know it's not but that's when i think about drinking starts his adult because it just that's what it was when i was when i was in college. Of course you could drink. I'm a grownup i'm at college. I have a job. i'm paying my rent. I have a phone bill. I own a car Why can't i drink a beer. That would be crazy. But that's the way it was in college was drinking age was eighteen What are your feelings on that. Do you get you get to super worked up. A twenty year olds drinking or oh no absolutely not. I think it's important that kids understand alcohol's effects before they are on their own with no chaperone and all of a sudden feeling alcohol's effects. So i'm i'm okay. It's not good for kids to drink a significant amount before they're certainly in their. They are Tennessee talking like the european style of. We're having a family dinner okay. You can have a small glass of wine. That's never quite understood this. It should be studied more. So i was over in italy with my friend. Sepe and there was a wine cart on the corner and in florence right outside the u u. fouzy or whatever. The name of that museum is where they got. The david and there was a one card on the corner. And you can just walk up and go ass wine and walk around and first of all. You don't have those because you can't have public drinking. Told y'all open container whatever and there's crowd around and like there's no line it's not like people were lined up all right. I get to drink wine and walk around because you always can people. Aren't that interested. And i said what age do you have to drink in this state. And he said i don't what do you mean he said. Well what's the drinking age and he said. Oh it's not a thing it wasn't how old are you whatever. Yeah so the fact that it's not a thing leads it not to be a problem which is interesting. Yeah there's absolutely the forbidden fruit aspect of it anyway I guarantee a budweiser knows this. Last year minors drank seventeen point. Five billion dollars worth of beer and liquor. us globally. I don't believe that was. I was assuming us. But i don't. I don't see it stayed here. Call companies making money on booze consumers the journal of studies and alcohol found. Minors didn't say specifically the us could be globally. That would change it Figures are actually down from two thousand eleven when youth consumed twenty point. Nine billion dollars worth or a almost twelve percent of the alcohol sold. Well if it's globally. That's because yeah. The drinking age is not twenty. One a. lots of places interesting. That is declined that significantly though in the last ten years. And who knows why that In the us markets and that's in the market okay Seventy five billion dollars with a beer and liquor sold in the united states and the companies know that because that's a ton of money so they have to subtly market to young people that's why they got so many ads with you. Know young hotties on a boat at a leg who looked like i suppose they could be twenty one. Maybe not because there's a reason to advertise the that crowd there billions and billions and billions of dollars at stake. Wow i hadn't really thought about that. Where are they getting it now. Where does the modern kid get liquor beer alcohol in short that they're not supposed to have i don't know from dad's somebody buys it from. His brother is older cousin coworker. Yeah trip across the border. If you know the answer to that question text line four one. Five two nine five k. Ftc four one. Five two nine five k. ftc. Joe is labeled in.
"five billion dollars" Discussed on The Nicole Sandler Show
"And the progressive voices network. President biden arrived in europe on wednesday for the start of his first overseas trip. Since taking office he told american troops in the uk that the future of the world would hinge on restoring america's frayed ties with its european allies to the g seven the nato ministerial and then to meet with mr putin to let them know what i want him to know. And every point along the way we're going to make it clear that the united states is back and democracies of the world are standing together to tackle the toughest challenges and the issues that matter most to our future there were committed to lead with strength defending our values and delivery for people on thursday president biden meets with uk. Prime minister boris johnson. They're expected to talk about lifting travel restrictions between the two countries in place to stop the spread of covid nineteen. They're also expected to agree to a new atlantic charter. Updating the historic declaration made by fdr and winston churchill. a new pew research center global survey released. Thursday confirms president biden's assertion that the united states is back in the twelve countries surveyed both this year and last a median of seventy five percent of respondents expressed confidence in biden to quote. Do the right thing regarding world affairs. That's compared with seventeen percent for trump last year. Sixty two percent of respondents now have a favorable view of the united states is thirty. Four percent at the end of trump's presidency. The pew report reads the election of joe. Biden is president has led to a dramatic shift in america's international image. Another report was issued on wednesday. This one from the interior department's inspector general regarding the clearing of protesters from lafayette park on june. First of twenty twenty. Remember that well. This report found that police forced protesters out of the park next to the white house. So a contractor could install anti-scale security fencing not so that then president trump could walk to a nearby church for a stage photo op holding up a bible upside down. Oh by the way. The interior department's inspector general mark green blatt was appointed by the former guy. Donald trump. yeah of course of that. Report was immediately followed by one of trump's non twitter tweet styled statements which began. Thank you to the department of the interior inspector general for completely and totally exonerating the in the clearing lafayette park. Not so fast. Here's c. n. n.'s. Jim acosta. I was in the rose garden that day. When trump gave that speech. And said i'm going to go to this special place talking about the church and you could hear the park police and other federal forces dc police clearing that part. They were violently pummeling. Protesters teargassing protesters remember at the time. The white house was telling us. Oh we didn't use tear tear-gas the dc. Police were using tear-gas The other thing. That is not clear about all of this. Is you know what did the white house team no at this time. According to the inspector general's report they did not speak to senior white house officials. They did not speak to the secret service so the certainly raises more questions. And i have to say you know. When i read through this report it sounded as if this inspector general was auditioning to become the inspector general mar-a-lago because i mean this is almost a whitewash of what occurred on june first. These protesters were largely demonstrating peacefully. And we're violently clear from that park. It was just a huge blow to the first amendment. I think in this country. You can't have protesters pummeled by police officers. When they're trying to make a statement about racial justice in this country former white house counsel don mcgann testified behind closed doors last week before the house. Judiciary committee the transcript of that testimony was released on wednesday and it shed new light on the mola report judiciary committee chair. Jerry nadler said that mr mcgann provided the committee with substantial new evidence including firsthand accounts of trump's increasingly out of control behavior and insight into concerns that the former presidents conduct could expose both trump and mcgann to criminal liability in a statement. Nadler also wrote quote. Mr mcgann also confirmed that president trump lied when he denied the accuracy of the mullahs report and admitted that he was the source for a washington. Post report that confirmed trump's direction to mcgann to remove the special counsel moving on a big priority for us officials right now in the fight against covid. Nineteen is getting people both at home and abroad with that in mind. The biden administration announced plans to donate five hundred million doses of the pfizer vaccine worldwide. At the same time the us vaccination rate is slowing states are reporting that they have johnson and johnson vaccines set to expire before they'll get used and johnson and johnson and federal officials are looking at whether the shelf life can be extended or if those doses can be put to other use about two dozen states have now scaled back their daily tracking of covid nineteen data. Some experts called the move premature given the ongoing public health emergency and the risk of new variants. This was a long time coming. After years of stops and starts the keystone excel pipeline is officially dead the developer. Tc energy announced wednesday. That it is pulling the plug on the controversial project. After the biden administration revoked. Its permit in january. The pipeline which has been a political football for more than ten years would have carried oil from the tar sands of canada down into the us. The news comes as a disappointment for many in the oil and gas industry. But for environmentalists who have long argued the pipeline would worsen the climate crisis. It is a big and long awaited victory but talks between president biden and the republican senators regarding infrastructure collapsed. So a new group of bipartisan house. Members on wednesday unveiled a new one point five trillion dollar infrastructure plan with seven hundred sixty two billion dollars in new spending. It comes from the so-called problem solvers caucus. And they've said they've been in touch with another group of so-called centrist senators who were discussing their own plans but progressive democrat. Say it's time to work on passing an infrastructure package without republican support if necessary. I think it's necessary so yesterday. We told you about the propublica report on the nation's wealthiest paying virtually nothing in federal income tax. While today we turn to public citizen who also released a new report. This one called the price of zero and it shows that at least fifty five. Us corporations avoided paying any corporate income tax in twenty twenty on a combined pretax income of forty point five billion dollars the report notes quote had these companies paid a tax rate of twenty one percent the current federal rate they would've owed the federal government eight point five billion dollars not only did these companies not pay taxes but nearly all also got money back from the government receiving three point. Five billion dollars in tax rebates bringing the total twenty twenty tax giveaway for these fifty five companies to twelve billion dollars. According to data obtained from the center for responsive politics instead of paying taxes the companies invested a combined. Four hundred eight million dollars in lobbying and forty two million in campaign contributions over the past three election cycles. And that's just a bit of what's news for now. Nicole sampler if you appreciate these reports and then coal sandler show. I hope you'll consider making a contribution. My work is one hundred percent listener supported. And i can't do it without your help. Find out more. Nicole sandler dot com. Please click on that donate button..
"five billion dollars" Discussed on America Adapts the Climate Change Podcast
"Downtown miami. I'm thinking of somebody who lives in. Little haiti in is barely holding out of their house because of gender vacation that cost. I worry about how unevenly that cost is going to be applied. When is it that makes sense talking about expensive. Not necessarily like that. Number out of context is not ohio but what it actually means in context of the residents of the city. Okay and so to your point though okay. Is that expensive in regards to the future costs if you do nothing and how do you bring that you have a unique responsibility. I mean maybe there are a few other sectors but there's actually a lot of sophisticated modeling going on saying if you don't do x. y. and z. It's going to cost twenty five billion dollars and there's a lot more of that kind of economic modeling coming out. Do you try to bring that into your articles in that almost to me. It's like kind of breaking stories like listen if they don't spend five billion dollars it's gonna cost the citizens of the city fifty billion dollars and that's just not some pulling out of nowhere. These are the those future projections in climate. Change is all about future projections. Which makes your job a lot harder. But you try to bring that in as really gets more urgency to the story. And i think i can always be doing a better job if this realizing now. I forgot to talk about what. I'm about to in this piece of water master plan but so we have a few readers are where the four counties down here in south florida got together about a decade going to form the south florida climate compact. I'm so before when the state was abandoning their responsibilities to privacy for seal the rising climate change these forecasts got together and started working on policies coming up with a similar standard and putting out research and using it to inform. How can government how they can prepare for sea level rise and one of the most recent days they did with lee came out last year early. Last year was a report on the business case. It was an arline return on investment. Study for what is it gonna cost. Cities counties to adapt and how much will cost if they don't and broke it down. I think miami dade county had the absolute best return on investment attended a one and that didn't encode everything that was just some things just the is just elevating view buildings but there is a tremendous tremendous financial. They're a tremendous amount of financial reports out there. That show adaptation is one hundred percents worth for both the federal government whether they've developed a storm and down to the individual resin. Whether you have to go stay at a hotel for a couple of months for a couple of months if your house is ruined or if you can stay home the whole time but yeah the numbers are there. The data is there. It's very clear. And i can do much better job reporting because we've written about it before but i sometimes forget not. Everyone reads every single thing. And i think it's also good to give people some context. I always forget to this. Problem makes your job harder. You've got the city of miami but then you've got miami. Dade and the counties in florida can be really powerful may be compared to maybe some other states in. so you've these overlapping government entities. Then you got local communities there and so when we talk about miami it it's it's a much more complex thing than that right. Miami dade is the biggest county in florida the most populous country. I should say and there are thirty. Four municipalities in it of which is one. Miami is the biggest in terms of population. But yeah it's a huge. I say miami. Most the time talking about the greater miami area and yeah you'll see miami beach in the county will lead on some of these policies that you have three dozen other disabilities that don't care or don't look into this or and there's only so much power. The county actually has over those cities so really. It is complicated. Getting up in the wagon on board heading the same direction thing that the county is tasks down here which can be really complicated. I consider homepod beach part of miami. It's just a brawling mess of commercial area from the all away debris. Let's happen there. Yeah south florida is definitely its own beast can hurt the rest of the state and yeah people will say all the way up to columbia county. Hope by heavy but i understand i. I'm from the west coast of florida too. So there's just different attitude in against some of your stories. When i'm always thinking like when you're writing a story you have to wear all these different hats. It's again the urgency of an issue like you're analyzing the city's plan for flooding or septic ings or whatever and so much comes down to the science of sea level rise and as a reporter working for a newspaper and you've colleges in your articles to its. Well i'm starting from a position that this you know. Newspaper thinks it's going to be five sea level rise because we've talked to x y and z scientists. But the city's only thinking to two feet. How do you create a baseline for yourself. Because that maas create that context on the questions you want to ask. Are you guys doing enough. How does that work rights. That's a great question and actually wind that thankfully. Before i even got here kind of already had an answer so when i was referencing south florida climate contact earlier. One of the most important things they've done is they set a local steel rise standard. So is your readers. Now as your audience knows it's you know the amount rate of similar is is not the same everywhere and the west coast can experience different east coast gulf coast totally different subsidence. Whatever so every five years crop of the best scientists in the four counties down here get together and they produced a document that shows the four five curves. You think you should be looking at and here are the two curves that we think should be your range so i think the no intermediate high is the upper boundary in the Intermediate is the lower boundary. So you've a range of seventeen to twenty one inches or whenever it is off the top of my head and all of the local counties down here have agreed to build future buildings to that accept that as their standard so when i referenced it down year the kind of already is that easy understood benchmark that i can.
"five billion dollars" Discussed on Mac OS Ken
"If you're in the program you might want to have a look or not based on a report from nine to five mac. According to some reports as the site wednesdays betas seems to be causing. A sim failure error for iphone users. You know how your phone won't work without assem card. Yeah this is like that but with a sim card in addition to the error message. Nine to five. Mac says users are unable to make or receive calls or new cellular data on their iphone after the update at least based on the reports they received the bugs seems to mainly affect iphone users with e sem instead of regular sem. It's unclear how many devices have been affected. If you have not installed the beta yet it sounds like you might wanna hold off for now. No word on a beta or homo west. By the way though we did find out that that's apparently a thing that exists. I'm not talking about the microsoft version. That part is kind of interesting. No i'm talking about the apple. Music job posting spotted by a twitter user and confirmed by apple insider according to that sites right up a previously unannounced additional home. Os platform has been mentioned in the job description. For a software engineer. Working in apple music then apple insider found another job. listing listing. Homo is the thing to which successful applicants will apply themselves. Possibly lending credence to this being thing on which apple is working is the speed with which it was scrubbed not long. After homo s word the web apple updated the job listings. Removing all reference to that term apple insider says the listing cited on twitter now says these successful applicant will be learning the inner workings of ios watch os tv os and homepods instead of homo us. Meanwhile the one apple insider found has subbed in tv os for homo s. That version run by microsoft. I wouldn't worry about any confusion apples. Home os is all one word with a lower case. Age mr softies as all one word with a capital h. Totally different apple insider wonders. Whether apple's homo s will be discussed during next week's worldwide developers conference got to say. I kind of wonder that myself bring it up because i said i would remind you at least a timer to about next week's keynote monday. The seventh of june at ten. Am pacific one pm eastern. Who knows what time wherever else catch it on youtube catching on apple site. Catch it as a podcast later. Don't worry i'm sure. I will remind you again. Let's frolic along the financial front starting with the latest rankings from fortune apple insider says the latest fortune. Five hundred is out and apple is near the top being the most valuable company on the planet. You may wonder why it doesn't stand atop the mall that's because the fortune five hundred ranks. Us companies on revenue as opposed to profit or market cap. Apple was third for the twenty twenty and list with revenue of two hundred. Seventy five billion dollars. Amazon was second on the list with revenue of three hundred eighty. Six billion walmart was number one with revenue of five hundred fifty nine billion dollars. Funny thing is if you're working by prophet those places would be reversed. Apple clocked fifty seven billion dollars in profit. According to the list amazon would still be second of the three. With profit of twenty one billion walmart would be third with profit of thirteen point. Five billion dollars. Now what's amusing to me is the world's insistence on saying look what apple did despite the pandemic rather than because of it. I'm not saying. Business was easy for any company but the demand created by the rolling lockdowns was not apples darkest day fortune sorta seems to play both sides of that fence the publication. I mean though. One could argue that fortune or providence does as well quoting the publication. The pandemic created challenges and opportunities for apple. ceo. Tim cook had to close stores and send home. Engineers but with apple customers worldwide working and learning from home ipad and macintosh computer sales skyrocketed to their highest levels ever fortune then fortune favor the orchard speaking of the mixed blessing for apple that was or is the pandemic. The app store crushed it last year. Not like we did know that but still called. The mac has word of a study by analysis. Group called a global perspective on the apple app store ecosystem. According to that billings and sales for the app store and twenty twenty were up twenty four percent versus twenty nineteen coming in at six hundred forty three billion with a b. dollars to be clear that's not apple taking in six hundred forty three billion dollars. For example the peace says that number includes physical goods and services sold by grocery delivery apps that category by itself grew twenty four to five hundred eleven billion dollars according to the study according to analysis analysis general retail grocery and food delivery and pickup categories all increased significantly.
"five billion dollars" Discussed on TechStuff
"And so on and that big messy situation helps explain why. At and t. Just a few years. After having acquired warner media is now looking to divest itself from that very same property and might seem weird. At a casual glance i mean. Here's an example of a really big telecommunications company spending around eighty five billion dollars to acquire time warner then. The company has to spend even more money because it gets pulled into a series of trials to fend off efforts on the government to block that merger those legal battles stretched into twenty nineteen. Then we get the global pandemic which obviously had an enormous impact on various entertainment industries. And as we seem to be moving to the other side of the pandemic now we see. At and t. Wants to ditch warnermedia for proposed forty six billion dollar deal in order for warnermedia to merge with discovery what a t and t discovered and didn't mean to write discovered router discovery. But i did was that it was going to have to fight battles on multiple fronts. In order to succeed as a business is going to have to dedicate assets to growing the telecommunications side of the business and it was also going to have to dedicate resources to the entertainment the media side of the business and ultimately the company leaders decide that. This was not really realistic it. They needed to be able to focus so in order to do that. And to focus on. At and t.'s. Traditional core business. It would need to say goodbye to warnermedia may be part of that..
"five billion dollars" Discussed on Reel Chronicles
"I am joined with the man himself. Movie files elliot. How you doing buddy doing good man. It's good to be back. It's been a while back with guys definitely been while and someone that Decided that sleep was better than being talking movies with us last month. Jc is back. What is up. But i was able to wake up on time. Yeah welcome welcome. Welcome back we definitely got. We definitely gotta do draft together. One day though that that was a good time but today with the release of crew This weekend we are looking at disney live action films and ranking our top fifteen. There are a lot to go through. There were over a hundred films to go through. So i think we're gonna have some unique list but before we get to that. Let's get into some of the news of the week and highlighting. The biggest news of the week is at mgm studios has been sold to amazon for a five billion dollars. That's about basil's is lunch money so nothing much to him Thoughts on the deal. Jc start with you I mean you guys have arrived it on my page. Don't cover much financial stuff but but When i poverty is.
"five billion dollars" Discussed on Daily Tech News Show
"T apps for risa announced monday at tends to sell its verizon media division which is made up largely of yahoo and ao l. to apollo global management the company will be called yahu after the sale brazen aol back in two thousand fifteen for four point. Four billion dollars and bought yahoo twenty seventeen for four point. Five billion dollars and will sell the combined media division for five billion dollars so you can do the math there. The new yahoo company will include properties like yahoo finance yahoo mail tech crunch and gadgets. Most of its value likely lies in ad tech and sports betting now yahoo had to partner on bedding but apollo is licensed to more than two hundred jurisdictions for gambling. Brian media revenue was up eleven. Point four percent to two point three billion dollars in q. Four of twenty twenty q one twenty twenty. One revenue was nine point nine billion. That's up ten point four percent on the year so the numbers don't look horrible. But you know. Verizon wants to invest elsewhere for asthma also retain a ten percent stake in yahoo and brazen media. Ceo juru go robin. We'll continue to lead the company after the sale which is expected to close in the second half of this year. one point. Nine billion dollars is not nothing. It's not enough to drive your business as a networking company. I think verizon. I get what hans vestberg is doing here. He saying we're networking company will be networking as a service. Content doesn't fit in that the only way it fit would be to drive sales of our services. And it's not doing that. So let's get rid of it. Fine that makes sense. I do think that verizon had a play here to be more like comcast or not where it had a content arm. at and t. Has warnermedia comcast has nbc universal. I think they could have built up oath or yahoo. Aol into something like that. They just didn't want to do that. Because the ad tech ear is valuable. And i think that's why apollo bought it because they're like yeah that ad tech valuable. We've got sports licenses betting licenses so we can juice up the gambling which is already making money for this so it i guess it makes sense on all all sides. I don't know what do you think. I just kind of feel really sorry for y'all who ordinarily feel for companies you know it's it's my job to not care whether they do well okay or go and but but just to tell people about it. But there's something about some of these early web properties That you just have a natural like Towards wanting to see them you know see them succeed in a in a weird sort of way and yahoo is is one of the less companies that that i can honestly feel that way about but at the same time. What is your who these days. you know. it's it's such a strange entity in the world of history with well over to a new book to be written about its Its lifespan and it's come a long way since it was what was it. Jerry and Jerry a guy guide to the worldwide web or something wasn't in the early days but You know. I'm sure. I've said this before and i'm sure i'll say it again. I'm sure somebody will do something. Good with the fight that a lot of people still go to yahoo homepage. A lot of people still use yahoo mail. So it's not dead in the water. I actually You know a lot of people already know this. I worked at tech crunch. So i was working for. Aol when verizon bought aol day to day. You know by the time gets made the folks..
"five billion dollars" Discussed on Daily Tech News Show
"T apps for risa announced monday at tends to sell its verizon media division which is made up largely of yahoo and ao l. to apollo global management the company will be called yahu after the sale brazen aol back in two thousand fifteen for four point. Four billion dollars and bought yahoo twenty seventeen for four point. Five billion dollars and will sell the combined media division for five billion dollars so you can do the math there. The new yahoo company will include properties like yahoo finance yahoo mail tech crunch and gadgets. Most of its value likely lies in ad tech and sports betting now yahoo had to partner on bedding but apollo is licensed to more than two hundred jurisdictions for gambling. Brian media revenue was up eleven. Point four percent to two point three billion dollars in q. Four of twenty twenty q one twenty twenty. One revenue was nine point nine billion. That's up ten point four percent on the year so the numbers don't look horrible. But you know. Verizon wants to invest elsewhere for asthma also retain a ten percent stake in yahoo and brazen media. Ceo juru go robin. We'll continue to lead the company after the sale which is expected to close in the second half of this year. one point. Nine billion dollars is not nothing. It's not enough to drive your business as a networking company. I think verizon. I get what hans vestberg is doing here. He saying we're networking company will be networking as a service. Content doesn't fit in that the only way it fit would be to drive sales of our services. And it's not doing that. So let's get rid of it. Fine that makes sense. I do think that verizon had a play here to be more like comcast or at and t. where it had a content arm. At and t. Has warnermedia comcast has nbc universal. I think they could have built up oath or yahoo. Aol into something like that. They just didn't want to do that. Because the ad tech ear is valuable. And i think that's why apollo bought it because they're like yeah that ad tech valuable. We've got sports licenses betting licenses so we can juice up the gambling which is already making money for this so it i guess it makes sense on all all sides. I don't know what do you think. I just kind of feel really sorry for y'all who ordinarily feel for companies you know it's it's my job to not care whether they do well okay or go and but but just to tell people about it. But there's something about some of these early web properties That you just have a natural like Leaning towards wanting to see them you know see them succeed in a in a weird sort of way and yahoo is is one of the less companies that that i can honestly feel that way about but at the same time. What is your who these days. you know. it's it's such a strange entity in the world of technology history with well over to a new book to be written about its Its lifespan and it's come a long way since it was what was it. Jerry and Jerry a guy guide to the worldwide web or something wasn't in the early days but You know. I'm sure. I've said this before and i'm sure i'll say it again. I'm sure somebody will do something. Good with the fight that a lot of people still go to yahoo homepage. A lot of people still use yahoo mail. So it's not dead in the water. I actually You know a lot of people already know this. I worked at tech crunch. So i was working for. Aol when verizon bought aol day to day. You know by the time gets made the folks..
"five billion dollars" Discussed on Joey's Totally Tech
"Apple keeps thirty percents of subscription fees in the first year and fifteen percent in subsequent years. They also charge annually for membership. Verizon is looking into selling media. Assets verizon has started a exploration of a cell of yahoo and aol for anywhere from four billion dollars to five billion dollars. It's rumored that apollo global management as evolved at the deal after being bought by verizon. Aol in yahoo merged into a new venture called oath later. Renamed verizon media group after fell to be competitive in the domestic digital advertising industry. We'll.
"five billion dollars" Discussed on The Impossible Mission Omni-Feed!
"Makes me happy this everybody. Saudi went from twenty second class to number four Pretty much everyone else except for. I'm actually games a normal robots. They weren't even listed a twenty nineteen but they were seventh and eighth. Nintendo dropped from third to ninth microsoft. Went up one place from seven to six activision. Blizzard dropped from second to fifth place. Yeah devolve digital state at number ten for the second year running. So good on the joe. Yeah for saying that. Ten affair once upon a time best to get from sega was really really bad sunday game yet but it does explain the the next article right online games giant next son they are They're investing one point. Five billion dollars As part of an initiative to spot overlooked and undervalued and ten with firms and as part of that they're investing close to their investing. Eight hundred and seventy four million dollars into bandai. Namco konami hasbro and sega good. That's that's a nice story. Yeah because i've been talking. Probably jumping the gun a little bit in saying that japanese games on what they used to pay the what you stay the kinda just anime games in mobile games but with sega number one in this chat and accompany putting so much money behind studio site last studios which must be honest. They've seen better days if there are three the positive for video games on the kinda Helps make ski will global in just american stuff. I mean The vessels comes after next. Owns ball approved the plans to paul one and a half billion dollars into entertainment. Companies that demonstrate the ability develop and sustain strong globally recognized intellectual property and stunners of fought. You're struck me. This is kind of awaited fares video games right now because of clinton oh patna the group is it was cockney deer and t h q. Nordic they buying up studio is because like a supergroup had new microsoft the buying everybody ten cents a buying loads of papal. Everybody's just what's going to happen. Is there to walk on a happened route. I don't know maybe. I'll become like the video games equivalent. The video games industry of Say human revolution corporations control the game with shimmer. Go go if that yeah well anyway. According to president and ceo of next on only mahoney This is low. These long term friendly investments With no intention of acquisition activism and The and you know they're the interest in forming partnerships was not consideration in nexans investment decisions it sparked discussions between next on on some of these companies But according to mahoney we believe companies with strong well-managed global ip are often overlooked and valued in the market that is narrowly focused on introduction of new ip which is absolutely correct and. I hope you're paying attention sony. Sorry missed blacked out there. What was this global. Ip we believe companies with strong well-managed global ip often overlooked and undervalued in a market. That is narrowly focused on introductions of new intellectual property. Which is basically sony. Sony getting rid of the playstation three playstation portable empowering. Yeah Can if this if this results in cami bay predicted again yes. Good geico's Basically probably the biggest sleeping giant and video games and people like the hit them book yet. There are huge sleeping giant yet. It's interesting that you mentioned microsoft in amongst The the people who are buying stuff up because microsoft are among the suitors. They're not the they're not the only ceuta but they are among the suitors to buy discard..
"five billion dollars" Discussed on Daily Tech News Show
"Two billion dollars for five g. wireless backstrom verizon. Was the bitter quite a lot committee and forty five billion dollars almost doubling. At and t. Which came in second at twenty. Three billion t mobile spent nine point three billion dollars and pay tv providers such as dish network comcast and.
"five billion dollars" Discussed on The Propaganda Report
"This huge contract. That amazon was totally. Slated for and trump Because he hates amazon microsoft or something like that. that was basically a the amazon. When bezos handed over to the to the cloud guy at pantheon is going to give them their their thing after all. And i just read a news story today. Even though the pentagon already award that the entire ten billion dollars to microsoft it looks like they may back down and i just feel like amazon is going to be. The empire isn't even evil empire who were talking tim. Show the other day which we're going to publish tomorrow in the feed. He was saying how i guess. Libra the facebook. Crypto wasn't Widen amazon do the crypt out. You know amazon's the natural because that s a commerce site. So i saw that amazon just since we put that in the can just in the past twenty four hours amazon announced that they're going to launch a crypto project in mexico and i just thought that was funny because at the same time. Somebody tweeted at me. That mastercard said they are going to start partnering they were no longer doing lieber with facebook. They were gonna start. Partnering with some crypto. And i feel like since mastercard is one of the backbones of the world economic forum's fascist oligarchy. That that there is something to this. Bitcoin thing yet. There seems to be seems to be there. They're jumping in. It seems to be. And i was trying to figure out why. And here's what. I think because over the past couple days we saw. I saw that mastercard story yesterday. I tweeted like twitter and bitcoin jumped the shark because twitter is now gonna accept bitcoin or promote it. I'd ever paid big twitter. Anything so i don't know what exactly they're saying by apple said they were considering putting five billion dollars. Invested five billion dollars in bitcoin. Musk signal that he was interested. Of course all those signals do is run up the price like that is never what you would do. You're actually trying to hide that you the guy that smart money was after these positions like you would never do it like that but they are doing it and i tried to figure out why and my thinking is that they want to do two things they either want. Like what mastercard said expressly. They expect from a crypto partner is stability regulatory compliance which implies regulations and consumer protections now stability is not the same thing i think as scarcity or find value which is the only thing that really i think gives bitcoin. Its value but so that's just that implying. They said they're also partnering with governments or central banks have launched crypto. So i think this is all march towards did dollars that maybe they're trying to class bitcoin or merge it with the did you dollar. I don't really know but there's also the possibility and this would speeches games top thing..
"five billion dollars" Discussed on CompTIA Sharkbytes
"The stage for the vendor side and and now that you basically have under your skin and the public sector side in two key areas which is vendors who are selling to state and local governments education and then you have pti that used to have that component so you you actually have a very interesting component of local government. Folks that are consumers have technology always looking for new solutions. And the latest figures that i've seen and you and i talked about this earlier. Is that the local government. Market alone is fifty five billion dollars in twenty twenty so even if there was a slight shirt full of a few million here or there or hold their own. We're talking about five point. Five billion dollars and these are private companies that are selling to governments whether it be hardware software services. What do you see is the prospects for on one end. You have the takes the communities. Even on the global sense i mean. I'm assuming that these folks must have at least a fascination of what's going on in the public sector because this is new for. yeah absolutely. no you're right and It's interesting that you point out Kinda the different audiences in the way that this kind of dovetails. Because i it's true that on our communities our members that are part of our communities are largely made up of vendors as you pointed out also distributors Smaller number those because there's a smaller number in the world but all the large distributors are members of county and participate in our communities in the solution providers and actually take the vendor solutions and provide them to end commercial customers or government customers but those customers themselves the government entities or the commercial entities of the enterprises. They're not really today a big part of our communities. Okay there the end user peace and that's what you address and so being able to introduce those government entities to those vendors and even solution providers is a great opportunity in you mentioned that the fascination certainly with our communities with government and i think you know many of them are very active in that space but a lot of them look at it as they see that big number that you mentioned all the dollars within they also They see a lot of chemistry in uncertainty around how to engage the business of government. And there's a lot of fear and uncertainty around your rules and regulations. And how do you build these relationships. And how do i get you in the right place and all those things. So i think there's a tremendous opportunity for us to work together to help clear up a little that mystery for them and for those that are willing and interested in there. Certainly those that are capable. I could be a tremendous opportunity especially since we know what the spend is. We know what the general opportunity is and the real question might be scale because many of the folks that are in these communities are not necessarily from the largest communities i mean companies and so the question becomes you know are there opportunities for them to kind of band together to possibly address. Rfp's that they would not do alone. Which could be a really valuable service. Have come to you yeah. That's a great point and it's one that You know we always preach in. This goes back to my days as a faculty member. Whenever i talk to. The you know the solution providers in particular and we talk about these skill gaps and things and they want to participate in these larger business solutions. But they don't have all the skills or capability to do south..
"five billion dollars" Discussed on Money For the Rest of Us
"Are you under weight chinese stocks. Should you be. I recently got an email from a member of money for the rest of us. Plus he lives in switzerland but grew up in asia. He mentioned that he has been a long term investor in china as he analyzed his chinese equity investments in two thousand twenty. He noticed that they didn't fall. As much as stocks in other countries and the currency held its value relative to the us dollar. He went to look at his overall exposure to chinese trying to calibrate it within his per folio he noticed that relative to the size of the chinese economy which is the second largest in the world that he was underweight chinese stocks in fact the major stock indices. Msci all country world index has five point two percent in china yet. China's gross domestic product the monetary value of their output is over sixteen percent of global. Gdp trying to figure out. Well what should his weight be. He's primarily getting his performance through an a-share etf china a-shares our stock shares that trade on mainland china and trade in the local chinese currency the lon new trade on the shanghai stock exchange and the shenzhen stock exchange historically these chinese a-shares are only available to domestic investors but since two thousand three china has allowed certain institutional investors to acquire license to be able to purchase some of these chinese a share stocks for example back in two thousand fifteen vanguard. Was i allowed to buy these chinese a-shares stocks up to one point five billion dollars. It was at that time. They added chinese. A shares to their emerging market stocks index fund and etf trading nature's has typically been dominated by local chinese investors and returns have been volatile in twenty twenty though they gained forty one percent incredible performance. It was the result of the chinese economy performing better than any developed or developing economy in the world in two thousand twenty in this episode. We're going to look at. What should our weight be in china in our stock portfolio. There's definitely some pros and cons to investing in china and that's what this member was trying to figure out what what what should his weight be in. China been twenty twenty. The chinese economy officially grew two point three percent some of its weakest annual rate of growth. But the best in the world. now there's always some controversy regarding how accurate are the official economic statistics in china. I subscribe to capital economics which produces something called the china activity proxy and it's an estimate of economic growth using different metrics that they have much more confidence in and they show that the economy grew close to seven percent in the fourth quarter from four point nine percent in the third quarter. This is on a basis chinese. gdp it's gross domestic product the measure of what it produces its output of goods and services has been growing faster than many areas around the world for over a decade and as a result. The chinese economy is getting to be a larger percentage of overall global gdp in china. And this is data from. Moody's referenced an article in the wall street journal. China in two thousand ten made up ten percent of world. Gdp us in two thousand. Ten was twenty three point two percent of global. Gdp at the end of two thousand twenty. China had grown to sixteen point eight percent of global gdp while the us has shrunk to twenty two point two percent so china at its six percentage points. The us lost one percent. As i mentioned the chinese economy grew in twenty twenty and one reason it grew was because of americans that were stuck in their homes. And we're able to travel and go out to eat. And instead bought goods off. Amazon and other stores and as a result exports from china surged in november chinese exports grew twenty one point one percent compared to the prior month and exports to the. Us grew forty six percent. Despite all the trade war rhetoric new tariffs individuals. Continue to purchase things that were made in china and many. Us companies continue to make a lot of their things in china. That growth in exports certainly helped the chinese economy. The other thing that helped the chinese economy cover is day to day. Life has generally returned to normal. The country was able to better control the coronavirus and as a result people are back driving their cars. They're taking public transportation china's not kobe. Free this past week on one day the recorded two hundred and ten new covert cases the highest since march but only two hundred and ten compared to the thousands and thousands of new covid cases confirmed each day in the us. The chinese economy has rebounded because all that manufacturing of those exports has allowed migrant workers which make up about a third of the workforce to take their jobs again. So incomes are growing in china and they're also benefiting because during the early months of the pandemic the chinese increase the amount that they're saving chinese households. Increase your savings rate. Now there appear more willing to spend that savings on buying goods and services and that has helped propel the chinese economy forward.