36 Burst results for "Forty Billion Dollars"
A highlight from El Salvadors Bitcoin Strategy Draws JPMorgan | EP 805
"Welcome to Simply Bitcoin Live, we're your number one source for the peaceful Bitcoin Revolution code breaking news called Traumatic Warfare. We will be your guide through the separation of money and state. El Salvador stays winning breaking tweets from Bloomberg Quote El Salvador president Naim Bukele scared off Wall Street by embracing Bitcoin Two years later the bond rally he's overseeing is proving too lucrative to resist It's almost as if we told you so It's almost as if bitcoins incentives stay winning. Do you remember what the IMF said? What happened when El Salvador embraced a Bitcoin standard? Remember what they said it's gonna cause Financial mayhem it was gonna be horrible for the people of El Salvador boy, oh boy were they proven wrong and Remember what the IMF did in Argentina? They gave Argentina bail up a part of that part of the conditions of the bailout was that the Argentine government had to De -incentivize the adoption of Bitcoin in the country So it looks like El Salvador who didn't listen to the IMF is prospering and it looks like Argentina The government of Argentina better said who did listen to the IMF It's not doing so hot with that hundred plus percent inflation It's almost as if the IMF is not doing good by these countries maybe anyways, I Want to bring up my legendary co -host always optimistic. How you doing? I'm doing wonderful man as Roman said in the chat. It's it seems like ramen is on the menu tonight We haven't got to the numbers yet, but it looks like we got a dip So, hey guys now might be the time to be stacking who knows how much lower it goes, but man It's so fun being a Bitcoiner. These are the these are the days that you live for You know, your blood pressure goes up you realize oh wait, what can I sell today? So that I stack more sad to obviously I literally have nothing left in my house cuz you already know We are all in anyways Yeah, interesting stuff man, I saw this news when this come out like I think it was Wednesday morning and I was like, alright I know I'm doing the show live today and Nico's out So we're gonna postpone this news so that we can get a Nico Jones rant on this But I'm excited to get into this one Nico. This is gonna be a good one. It's gonna be good What are we gonna cover during the culture? Oh, yeah culture. I am just gonna double down I probably said this so many times on the show But people still seem to want to complicate things in regards to what's the best Bitcoin strategy and you know I'm gonna just do a little Opti soapbox today So hey, you know forgive me beforehand you already know what's coming But I want to simplify things for people on and I have a few friends tweets here That we're gonna help me illustrate and elaborate on this point because we're all coming to the same conclusion guys You know stay humble stacks at stay solvent This is the way it's so simple, but people like to complicate things because you know in the Fiat world that we live in Complex solutions Seem to be everyone's favorite thing to be doing and it's very simple guys simplify your life and and your life will improve And that's what we're all here to do is improve our lives moving forward and live a better life and Bitcoin allows this for us So I'm gonna do one of those things 100 % 100 % guys simply Bitcoin Simply Bitcoin goes live Monday through Friday at 12 15 p .m. Eastern Standard Time And if you don't find us on YouTube, you can find us on alternative video platforms like Twitter and rumble So shout out to our rumble audience, which I know has been growing as of late And if you are listening to us on YouTube, please smash the like button helps push the orange signal forward Help us break a hundred likes within the first hour. We did. I think we've done that for like three weeks I know I know help us maintain the streak. So smash that like button. Let's get the 200. Have we brought 200 yet? That's it. That's a lofty goal. I like that though. Anyways guys no more delay. Let's jump straight into the show We have a lot to talk about today. Let's check it out The Bitcoin numbers is your Bitcoin in cold storage really secure is your seed phrase Really secure stamp seeds do -it -yourself kit has everything you need to hammer your seed words into commercial grade Titanium plates instead of just writing them on paper. Don't store your generational wealth on paper Papers prone to water damage fire damage. You want to put your generational wealth on one of the strongest metals on planet earth? titanium your words are actually stamped into this metal plate with this hammer and these letter stamps and once your words are in they aren't Going anywhere no risk of the plate breaking apart and pieces falling everywhere Titanium stamp seeds will survive nearly triple the heat produced by a house fire They're also crush proof waterproof non -corrosive and time proof all things that paper is not allowing you to huddle your Bitcoin with peace of mind for The long haul stamp your seed on stamp seed Alright everybody. Do you don't want to put yourself in a position where you have to explain to your grandchildren? Why you lost your generational wealth? That's exactly why you should secure your Bitcoin wallet backup seed words on this one of the strongest metals on planet earth Titanium scan the QR code on your screen right now It'll take you directly to the stamp seed website and you can use promo code simply to get a 15 % discount Anything on their website at the time of recording the Bitcoin price is twenty seven thousand seven hundred seventy five That's per dollar three thousand six hundred block height eight hundred three thousand six hundred forty five block height blocks to have a thirty six thousand three hundred fifty five having estimate April 20th 2024 total lightning network capacity four thousand six hundred sixty one Bitcoin capacity value 129 million US dollars realized monetary inflation continuing to take fiat currencies to absolute school 1 .76 percent market capitalization five hundred and forty billion dollars Bitcoin verse Bitcoin verse gold market cap four point two four percent and That number will continue to rise because Bitcoin has absolute scarcity and nothing in the world does Including gold believe it or not. Anyways, I want to talk about this so It's interesting The song went viral and it's Richmond north of Richmond and we're actually going to talk about that today And if you take a look at the Wikipedia article it says that some of the Again, I'm not gonna touch on any of the culture or political issues, but I want to this is a Bitcoin show after all So I'm going to talk about inflation, right? And also high taxes not from the direct taxation, but from the hidden tax of inflation, right? And they say the songs lyrics around around common right -wing talking points such as inflation Like you guys know the deal here at simply Bitcoin. We don't lean left. We don't mean right Bitcoin is inherently apolitical We played you a video of Andreas Antonopoulos and he was making the case as to why that is I just find it interesting how you know and this is exactly why we stay from politics By the way, because I believe that Fiat governments really have this divide and conquer strategy You know where they pit The political left against the political rights and whoever part would it whichever parties in power the other party that's not in power Blames all of everyone's economic hardships on the party who's in power and then it's like this kind of revolving door But regardless of what power what parties in power the issue remains the same they print a lot of money and that devalues everyone's money who's holding this holding that money and It affects the lower and middle classes Disproportionately because they don't have the means to save in assets Therefore when they print money and the value of those assets rise the lower and middle classes don't benefit from that That's why you hear the the the the same thing over and over again the rich get richer the poor get poorer That's not because capitalism is broken. The free market is broken. That is literally because the money is a wealth redistribution Mechanism so again, like I this is you know, this is like smoke and mirrors like it's like don't pay attention to inflation That's a right -wing talking point, you know, forget about it And that's not only simply Bitcoin saying this we have Walker Walker America is part of the crypto couple very talented content creators and He goes on to say if you truly believe inflation is a right -wing talking point You might want to ask yourself why the other political party is not concerned with these things, right and I Disagree with that in the sense because I think that regardless of what side of the aisle you are in I think it really matters to you if your money is devaluing like if you're purchasing power is decreasing I don't think that is a you know, that is a I don't think that that goes with with a certain Ideology or political belief I truly believe that this is just a divide -and -conquer type of strategy And honestly this song really hit a nerve with people And the reason it really hit a nerve with people is because and the only reason it really hurt a nerve with people The only reason things go viral whether it's a tweet or whether it's a meme is because it resonates with other people People are thinking something very similar and the piece of content that you made whether that's a piece of music Whether that's a meme whether that's text like like a tweet Or a post now that a text .com the only reason it does it performs well is because it's resonating with other people people are Feeling that emotion people are understanding that then this is a song that really resonated with me And I'm sure that it resonated with a lot of you guys I actually want to play the first minute of the song So we can kind of react to it and take a look at the wording and also Remember what I said about the lower and middle classes and how inflation right is really really Hurting them the most inflation is theft inflation is the hidden tax and it affects everybody whether you lean Ideologically to the left or you lean ideologically to the right.
Fresh update on "forty billion dollars" discussed on Bloomberg Daybreak Asia
"Edging a bit little lower here. And we also had a slightly lower finish on Wall Street, the dollar a bit stronger. So it doesn't set up as a particularly strong morning. But that's all ahead. We take a look now at some of Well, Brian, the union representing Ford factory workers in Canada has secured double digit wage increases and improved pensions in a labor agreement with the automaker. Last Friday in the US, the United Auto Workers got key concessions from Ford and said it would spare the company more pain at US factories. However, the UAW is expanding its strike against rivals GM and Stellantis. On Tuesday, President Biden will travel to Michigan to support striking workers. Today, Transportation Secretary Pete Buttigieg says both the UAW and Detroit's big three automakers can emerge as winners. Here he is speaking on ABC's This Week. We stand with the UAW's determination to make sure that auto workers benefit from the next chapter in the auto industry. As the president has said, when you have record profits in auto the industry, there ought to be record pay and record benefits for the workers who create that value. Secretary Buttigieg on ABC's This Week heard here on Bloomberg Radio. The union maintains the companies can afford meet to its demands for raises of as much as 40%. President Joe Biden will travel to Michigan once again on Tuesday to support the workers. In one of the other big disputes, Hollywood studios and screenwriters are apparently close to resolving a dispute over a contract renewal. The two sides met again on Sunday after failing to reach a deal. On Saturday, now we're told that the studios have agreed to certain staffing levels of writers on TV shows. That was a key issue for this blockage. The figure will increase with the number of episodes in a season. At the same time, the two sides have created a structure writers for to get bonuses on popular shows on streaming services. However, there's been no apparent agreement on the use of artificial intelligence in screenplay writing. The two sides have met for five consecutive days in hope of resolving a strike that began way back at the beginning of May. funny apple will reportedly scale up its india production by more than five fold in the next five years it surpassed seven billion dollars of production in the country in the last financial year it's now aiming for forty billion dollars according to the mistrust of india citing government officials the report said apple also has plans to start making air pods in india next year that's after shifting its iphone fifteen production to the country meanwhile its overall electronics industry to three hundred billion dollars by twenty twenty six that's on the back of increased smart phone phone production and a global push to de -risk china supply chains well after a tough week for u equities .s. wall street is shifting the focus now to economic data as well as a number of earnings reports to we get a preview here from bloomberg's charlie pellet the resilient u .s. economy may be aiding recovery and corporate earnings but a concern for the longer term has been the potential for a growth slowdown scott kronert is u .s. equity strategist at citigroup global markets we think the earnings outlook for next year is pretty constructive even in in a scenario where you have a growth slowdown or mild recession the first part of the year among the company's to report earnings this week accenture costco wholesale carnival micron technology nike key and paychecks in new york charlie pellet bloomberg radio time here at thirty one or thirty two minutes past the hour it's time for global news china is tightening procedures on uh... with whom military personnel can associate ed baxter has that story so the p l eight eight telling people be careful who you hang out with yes exactly exactly right it it it goes on doesn't it brian at china's p l a urging chinese military personnel to be careful about with whom they associate the the verbiage here is urging as saying socializing with the wrong people is a key reason some leaders have been removed from their position saying cadre should purify their social circle new presidential performance armen's poll in the u s released today paints a very dire approval picture for joe biden overall people polled are blaming president biden for the country's economic ills abc's washington post poll shows 30 of those polled approve of the president's performance on the economy sixty four percent disapprove bloomberg's mark the cat says interesting perception here was challenges to try and tell people that economy is getting better uh... he has a record to run on on his past significant legislation uh... that that that is making investments in infrastructure and chips and other things in the economy and you know the the the numbers are getting better uh... but people are just are feeling it so his challenge is to try and uh... make the connection that uh... the the economy is is and improving if nothing else they will see it soon in their in their daily lives mark is in michigan where he will visit sites of striking work it's the president is supposed to be there on tuesday congressman alexandria cause uh... casio cortez on cbs has heard on bloomberg says she will be traveling to missouri to be on the picket lines this because well i think an artificial threats of raising car prices and all of this is going to really stick with the american people who know that a lot of these price increases has not gone to worker auto wages they've gone to see your pockets they've gone to stock buybacks hundreds millions of dollars in stock buybacks and she says workers have uh... seen an actual wage decrease abc polling as well also shows that those polled blame president biden for making the migration situation worse in the u s republican congressman mike turner agrees providing them these the assistance what you're seeing is an encouragement for others to come and new york mayor eric adams is reiterated over the weekend that the migration problem could ruin the city philippines as china's the post guard has installed floating barrier in the southeast portion of the scarborough show on the southern south china sea that is preventing access for philippino fishing vessel how manila says it strongly condemns the move that prevents philippino fishers to make a living global news power by more than twenty seven hundred journalists and analysts over one hundred twenty trees in san francisco i met this is when you get your news from bloomberg you don't just get the story you get the story behind the story how your evie's battery may not be as green as it seems why a decrease in global birth rates could send countries scrambling to increase immigration you get context context changes how you see things how you change things because context changes everything go to bloomberg here i'm that here we have the opportunity to build a more sustainable and inclusive future at the bloomberg new economy forum we make
"forty billion dollars" Discussed on Northwest Newsradio
"To your door your business is for more information go to seattle back now on america in the morning 26 at past president biden is pledging every household in america will have high speed internet access by the next decade washington correspondent soccer magani reports it's the biggest investment in high seat internet ever because for today's economy to work for everyone internet access is just as important as electricity was or water or other basic services the president says more and forty billion dollars will be distributed across the country to deliver high -speed access to places there's either no service or service is too slow around twenty four million americans across this country there's no high -speed internet and for millions more the internet connection is limited or unreliable high -speed internet isn't a luxury anymore it's become an absolute necessity the president says as some twenty four million americans don't have it by twenty thirty they all will asking it as a generational investment in a household utility not unlike what franklin delano roosevelt did we brought electricity to nearly every american home and farm in our nation today kamala and make i you equally historic investment to connect everyone in america everyone in america high -speed saagar washington mangani in post pandemic times a growing number of young teens are to turning surgery and medication to lose weight correspondent donna water has that story john on simon of van Nuys california was age fourteen and four hundred thirty pounds so he his and mother turned to weight loss surgery compassion with food was exhausting nine months after the surgery that removed a portion of his stomach john has lost about one hundred fifty pounds stanford university surgeon dr jamie pratt says for young people like john who have severe city just diet and exercise do not work we've shown again and again that in kids with severe obesity ended adults with severe obesity lifestyle change is not a good treatment in minnesota edward and six -foot three hundred -pound high school sophomore started using an obesity drug in january and he's lost forty pounds i'm
"forty billion dollars" Discussed on WTOP
"For everyone internet access is just as important as electricity was or for other basic services the president announcing today that more than forty billion dollars will be distributed across the country to deliver high -speed internet in places where there's either no service or service is too slow he said more than thirty thousand five projects are already funded are underway to lay cables that provide internet access the announcement part of the administration's efforts to highlight infrastructure accomplishments the tracks are for brains not people but metro released a video of a man walking across the track nearly touching two of those verified third rails the third rail that powers metro trains carry seven hundred fifty volts three times the power of electricity in your home yet surveillance video from the Eisenhower Avenue rail station shows a man crossing the tracks recklessly stepping over third rails running in each direction the act got the man arrested metro says there have been thirty two incidents of people trespassing on the tracks in the past three months go to wtop .com to see video of the man dangerously crossing the tracks diculiano wtop news coming up on wtop this evening a plea deal in a mass shooting in colorado with seven forty three hi i'm sally back with more great with large breaking news the new larger maryland is opening with some awesome new here features steven reporting live hi sally after hitting a ride with the great wolves
A Record Run for Apple
"Record run for apple. Shares jumping more than one and a half percent after the company announced its next product event. We'll take place one week from today. The move adding forty billion dollars to markets. Apple's market cap today alone. So what is your read on. Apple's big move guy. I can't wait to the fourteenth value. No i'll be locked into that apple as i always have big over the last car waiting online. And we actually say queuing queuing up. But that's neither here nor there. What do i make apple's impervious apple's a great company. It's a wonderful stock. But let me say this. I always rail against central bankers. Let me rail against this for just a second. Passive investing has been a great thing for the market. I think it looks past. All the bad news. Market just continued to ratchet higher the biggest winners into passive investing world have been apple currently is in about three hundred twenty or so. Etf's two hundred forty seven of which have apple in the top fifteen holdings in almost by definition that passive money coming in apple's going to be the beneficiary about one point two billion shares or so owning these e t episode. Great thing. dan will correctly point out that since. September of two thousand eighteen although apple is one of these by hold names. You've seen at least three twenty five to thirty five percent off peaked trough decline. We haven't seen anything like then quite some time. I'm just throwing that out there as we head into the fourteenth of september
Power, Money, and Ego With Teddy Schleifer
"Are a part of a team that is releasing a new media. Publication called the puck. Website puck dot news. And i couldn't help start the conversation. And when i went to the website it's simply says a new media company covering power money and ego and those three words i think Elicit all kinds of emotional responses from people power money and ego But you've been writing about a lot of the stuff for a while. Where does the personal fascination or interests come from in covering some of these topics so in some ways. The role is very big and in some ways. It's very small What what. I mean by that is there. Are you know. Three hundred and fifty million people in the united states But a very small number of people have enormous amount of influence in american society. People who like you know. I think lots of listeners might not even know their names if you look at the floors four hundred list from time to time. I'm always Humor that like how many people even as someone who covers billionaires. I have never heard of you know people who have thirty forty billion dollars who made their money in some got awful boring industry Who have enormous amount of assets and can convert that into political influence rob against wince Influence in just kind of in public life more so pucks. Kind of central conceit is that the world is actually driven by a small number of people And that there is a big world that is governed by people in hollywood people in washington people on wall street people in silicon valley And that ultimately that that world needs to be a unspoiled for the rest of us to understand and these rather also. I feel like often very are treated as isolated power sectors right people in hollywood who cover hollywood really wealthy people on wall street. Who covered the or system really. Well you know. I've covered silicon valley This is actually really one world right. The people on wall street have influenced in washington. People washington or regular people in silicon valley and silicon valley is attacking hollywood and creeping on kind of traditional studios. So one of the other ideas of pop is that. Let's let's kind of narrow the synapse here and try to really uncover this as one world
"forty billion dollars" Discussed on The Takeaway
"That makes sure that no one is left behind a to be placed in harm's way as it relates to the brutal kinds of treatment of the taliban. I'm worried right now about that. And i wanna make sure we have the resources for the special immigrant visas you know near the subcommittee on appropriations that funds. A lot of what is taking place now. So i'm feeling the pain and the suffering of people who've been through so much and hoping that We've learned a lesson that there's no military solution in afghanistan and that feeling very reflective in terms of where we were and where we are today and how president bite thank god has stated publicly over and over again that A military presence. There was not going to achieve any type of national security goals editor for possibly another twenty years. Are there circumstances when there is a military solution you know. I'm not a pacifist melissa. And you have to look at The threats the president always has the authority to use force. The military option is on the table all of the time and so we need to reassert congress's responsibility and determining when they're mill when the use of force necessary. That's one of the problems i had on nine fourteen. It was a broad overly broad sixty word authorization that said any president could use force anywhere in the world in perpetuity that that is really the set the stage for what i call forever. Ward and so congress's article. Two responsibility is to debate and determine where and when and if the president should have Authority to use force. And that's how you make those determinations. But i also have to say that. We have many tools of our foreign and military policy Diplomacy development defense that needs to be those three aspects of foreign policy must be reordered in reimagined and refrained reshaped now because we have military budget for example of seven hundred forty billion dollars whereas my budget which is the diplomacy and development aspect of our foreign policy is about sixty two billion and so we have to rebalance this and say that you know global peace and security can only be achieved. If in fact you engage in development and diplomacy at least on par with our use of force in the military option. So as you're describing that reordering of priorities and resources associated with those priorities. That sounds to me like kind of leadership when one right. This is what leaders do so. I want to ask you a bit about leadership here. If people can kind of remember all the way back to the two thousand. Eight presidential primary there were democratic candidates who had to apologize for their vote to authorize the military use of force. President obama did not but of course he also was not in a position to have voted for it. I'm interested in the fact. That president biden stood really strong and unapologetic on his position. He said that the buck stops with him. On a broad leadership perspective representative. What is the value of leaders. Who are able to say..
"forty billion dollars" Discussed on No Agenda
"I'm elated and i'm overwhelmed because just the ball that so many people right now. Millions of people will not be forced out on the streets meanwhile democratic congress members. She did to leave this calling on house. Democrats to return recent contributions from real estate tycoon. George marcus who recently donated one million dollars to the house majority pac just weeks before democratic lawmakers failed to extend the eviction moratorium. This they get returned. Well i have a little update on that first. Multiple producers sent in Some good information that the ruling the supreme court made was a procedural caveat. They did not rule on the constitutionality of the mandate from the cdc they just denied the landlords request for emergency relief and to remind everybody. Forty billion dollars went to the states to be distributed to landlords and only two percents actually being given out. I have an update on that cavanaugh. Supreme justice kavanagh did give an opinion after the fact after the ruling He said he agreed. With the district. Court's ruling that the cdc had exceeded its authority by issued a nationwide eviction moratorium. But he said that because the moratorium would expire and only a few weeks you were denied the application to lift the stay so it still would have to go to congress to have a bill Created impasse for this. What what has happened. This extension of sixty days is still wrong..
Seeking Reform, U.S. Holds $1.3 Million in Dues From WADA
"Seeking reform of the United States is withholding part of dues owed to the world anti doping agency on the eve of the opening of the Tokyo Summer Games U. S. officials say nearly half of the two point nine three million dollars in dues owed to the world anti doping agency will be held back until it becomes clear what reforms the drug fighting agency is undertaking Richard bomb of the White House drug control office told a congressional committee Wednesday one point six million dollars will be paid to water the U. S. first threatens to withhold dues last summer and water responded by suggesting it might sanction nations not paying their dues U. S. do is account for about seven point three percent of waters forty billion dollar annual budget hi Mike Rossio
"forty billion dollars" Discussed on No Agenda
"There's no way that that can be permitted canal. Can basil's do it remember. He just resigned. He just resigned last week. Branson branson is executive chairman or whatever is not yet. He's running the show Yvonne can't do this no way no way so he has billy me does. I don't think he wants to do it before we take a break looking at some supply chain news. Our producers have been very busy got some nice charts and graphs these spot rate for a forty foot container from shanghai to los angeles. That's just for the container is now nine thousand. Six hundred thirty one dollars which is two hundred and twenty nine percent higher than a year ago according to the drewery world container index interesting In the meantime another producer Writes in. I don't know the context of this environment. But there's a shortage on pepsi drinks. That's all i know. I know more than that. But the on the lookout for it and this has got to be the supply chain issue of the week. The corona virus pandemic has sent supply chains into a tailspin. I it was toilet paper than it was ketchup packets. Gnomes semiconductors now gets rubber. Factors are leading to a major rubber shortage around the world. This could be getting a lot worse we could be on. The cusp of coconut. Crabs global natural was valued at nearly forty billion dollars in two thousand twenty but rubber is really continuing into companies. One analysis predicts the rubber market could be worth nearly sixty eight point. Five billion dollars by twenty twenty. Six rubber is a critical raw material. Just think anytime. You're going anywhere by car plane for even by foot. You're using rubber but rubber is also used in your personal protective equipment gloves and masks like the elastic. Stretch behind your ears. Plus it's houston literal rubber bands and then there are hair ties underwear erasers condoms and more rubberduck though those are plastic it's used in more than forty thousand commercial products. You could call it. The shortage some people referring to it. Moore's supply chain disruption of.
For Some Indians, Crypto Glitters More Than Gold
"Today. Indian investments in crypto are absolutely popping off chain. Alice released a report saying that. Indians have invested forty billion dollars in crypto markets. This year. that's up from two hundred million last year daily trading values or about nine hundred percent in the last twelve months. The headline bloomberg went with was even gold. Obsessed indians are pouring billions into crypto. One younger investor was quoted as saying. I'd rather put my money. In crypto than gold crypto is more transparent than gold property and returns or more in a short period of time in total. There are now more than fifteen indian crypto investors india. Meanwhile still doesn't have legal clarity about crypto but it does seem like the worst case scenarios of outright bans are increasingly unlikely
"forty billion dollars" Discussed on The Kirk Minihane Show
"Operate. Reflected the question of public participation from this is the same meeting. Okay just wild okay. So so yeah. I was back to the question of public participation. so did we have any anybody guest with participation. All that you are day before you do that. Is there anybody else that will help only participation other do we have the sound by the way of metal walls for rob up there. No no posting net. Because not wanna pay the twenty five dollar live streaming. Rick tweeden okay. I'm gonna take me down so you can hear. Yuck okay. I don't wait ed bowling for quite a while. Wash to hold on. This is a man who wants to bring a bowling alley. Tomato wasco wants the town to pay for it to. It's very strange town. We know we don't know. Al davis street built eggs up. The payers are going to support this. We will have the pba world championships to guarantee if you're building new bowling at these went. All in like eighty million tourists unbelievable a forty billion dollars susan collins. We're gonna get susan collins here and we're all going to shake her hand. Except for me. Again i will not be there. Well i mean. I could see my seems like a town. That downtown should have a little bowling alley. Oh that's a perfect bowling cold winter. You know to him. Maybe yeah tuesday night league you you go there you go to your jeff sphere pre pizza. Then you go you go bowl. A couple of wrecks versus jeff's. Oh yeah exactly. Yeah gary versus cheers. Hold a hijinks. Jeff i believe always foiling them. So they want the town to build a bowling. It's hard to understand what this he phrases things in a weird way. It's hard to understand what he wants. There's something i've always said. That hasn't done before we get to the pitch about the town bowling alley. Let me tell you about simply say for a second Simply safe and award winning system make sure house. I watch. I saw simplisafe kershaw. Tv last night so good. They get I it's.
"forty billion dollars" Discussed on Building an Indie Business
"Lift the stripe in you about every one of these companies that eventually our billions you think you and i would you to three years ago when they were eight billion dollars. Not been like yeah. I'm going to obviously. I would fund stripe if you give me the chance to put two thousand dollars into the next round stripe. I mean right. It was obvious. Even what is a forty billion dollars. I would have been dying to do so right. No one gave him that opportunity. Imagine now if there was a fun like like like let's say. I don't know what it's called but the to heal and all that if they're now able to invest in in right now right in the round that they just closed let's say right at ninety eight billion valuation now. We're all investors in straight now all investors in strike because we gave arlen n suhil money was no system to give arlene into. He'll money to invest in tripe for us. It was just arlington to heal. Were able to invest. now you see how. How much more accessible it is like. We can do that but it wasn't like it's getting there now right. It's there because there's also so much stimulus money. It's possible like there. Are that many people that just got fourteen hundred dollars like even if you want to say. The minimum is a thousand dollar investment. Let me like you can make a minimum investment. There's not really like get a rule. I would say that is pretty easy to get around with you. Know when when you want to file se in this matter because where you used to not have to really file for accreditation like saying it's tricky. Now that the just released this role if you want to like a skirt. The few stimulates like stipulations. They did make which were percentage of your gross of your adjusted. Gross income is what you're allowed to invest in. That's probably going to be more monitored closely right because as they're rolling this out..
"forty billion dollars" Discussed on Slate Money
"To the aspects. Scams episode of sleet money. Your guide to the business and finance news of a week in which one of the biggest spanks of all time was announced. We will see whether that one actually happens on. the bill. Ackman manages to by universal music group for forty billion dollars. I am felix salmon of axios. I'm here with stacy. Marie ishmael allow. I'm here with emily. peck. Hello and we are going to talk about spanks then whether or not they're scams scams. I'm pretty sure that maybe one or two of them scams with possibly not all of them we are going to talk about. Amc which is a hot meam stock of the minute. We're going to talk about commuting and the return to work and whether as any chance of being able to fix the system that was broken before and it was broken for the pandemic and will almost certainly realistic remain. Broken off the bill. Because we're going to new ways and we'll talk about all of the new and interesting ways in which is broken. We have a slate plus about the jobs. Report came out this week and what it says about the difficulty of hiring people right now and about halfway through we even get to talk to charles duhig as an amazing piece in the new yorker this week and is also the host of asleep focused or was the host of season one and he still works on this amazing slate. Podcast called how to how to. It's like dear prudence plus experts and you hear firsthand people's stories and problems and it's really fascinating. It's hard.
"forty billion dollars" Discussed on The Critical Path
"Of sort of deep deep debt followed by hopeful future return which never materializes the alternative would be. Let's say the most successful business of all time. Which is the iphone which is where were effectively. You have a highly profitable business from day. One you have some investment up front. But it's it's minimal because you really going to use version one to pay for version two. And why is there a difference between these two models right like the verizon versus the iphone. The these two have emerged as brands if you will today. What do people think about the iphone. They say awesome. I want the latest version. I live with my iphone every day. It's the thing that keeps me connected. And what do you think about rising or hate them. You know it's cost me so much money. The service terrible and you only know about the service when it goes down you really. Don't you see the bill. And then you say so. what so. that's an interesting paradigm. Isn't it so mighty one of the funny anecdotes is when apple started with the iphone early on a lot of people sumed that it would sell a service because apple was going to be integrated right so they would bundle the phone into service. They didn't do that. And this was even with steve jobs more or less believing in the integration and the bundling but they couldn't do it and good thing too because they couldn't have gone global if they did first of all and secondly you would have been cursed because you know the year they are providing a service which people. Hey there were problems with early on anyway so but this is where i think the this is what you're you've sort of broken with your business. Is the paradox of saying that you need a lot of capital front and that you feel like there's no reward long-term and value from plumbing it's only noticeable when it's broken when it doesn't work so that's i guess what i've wanted to understand. I also the next thing. I guess the question is as a general business. Question is like how do you see competition in this world. What does it mean to have an advantage competitively at it. I think it's impossible to keep up with these decentralized you cannot compete on the same terms you just can't write like that can never be a network as big as cheek and by the way whether it's helium or some future iteration of a protocol that sort of takes helium and builds upon it or whatever it is there will never be away for a centralized entity to do. What helium does right. This is just as you described. It's not possible. And i think the battle on that front is going to be for example. Telecoms guys have iot protocols ready or they have something called the iot they have something called. L. t. m. The helium is by far not the first instead of an iot network. But the problem with all of those things is the economic. Don't ever work right like. Because as as you described the telcos the verizon's at and t.'s. Of the world actually have to charge a reasonable amount of money to use those services otherwise they can't afford to build them anymore and the problem is i'm trying to build a temperature sensor that reports the temperature once every day and i wanna pay like ten cents a year for that or something right or maybe a dollar a year. If you're lucky and those never lineup right. It never works. And we've watched that occur over years. Baby luckily right like because we didn't really know what we were doing. It afforded us the opportunity to observe whatever it was doing and we sort of watched that and we watch sick fox and we watched others and just sort of came to the realization that that model was never going to work. And so i. I feel fortunate that we never pursued that because we would have ended up in ruins the same way that everyone else will the thing that makes it impossible to compete with is that individual cost is low right so it doesn't matter what a competitor does. There's no there's no way for an at and t. of horizons to offer an iot services cheaply because it would just ruin them. They would never do it right. There's no way to build a network this cheaply. And i think we see it. Sort of proliferating. I used airbnb. As an example and uber is another example in like they're all fluid in their own ways like no one is trying to pretend that those businesses are perfect but they did show that there's another way of doing the same thing that sort of spreads it out across multiple parties and that was sort of a fuel for this and i don't think you can compete with it once it gets a certain scale. Yeah there's one pot about it as well which i think is a very balakrishnan has. Cbs works for the five g. You've got open exits five jobs in the us. But i i ll zealand. I've gone and check this out. There isn't a there's an cbs equivalent and so that bandwidth that you're using in the us. I would in theory need to bid for it here in new zealand in order to be able to open up and exits and so that comes back to that original model. Which is i in the beginning. Need to work out how to protect my two billion or five or ten billion dollars with meant so i'm going to bid for exclusivity of the spectrum in the fist by the network that i can predict my business. How do you think that this is going to interact with governments. Do because that to me feels like the long. That's a long slog and it's not exactly like super clear you'll be open access stuff that you would be able to compete in but a lot of the kind of multinational full j. Three four five g staff is probably going to be challenging for you to get into directly. Yeah i mean that's that's the backstop to the whole scam really is that you have to have to buy forty billion dollars worth worth of spectrum and no you know up and comer can afford to do that right and that's just like in the medical industry and the healthcare industry general you know there's always the sort of regulatory mode to fullback on an and that's where this ends up originally and so good on the fcc four creating cbs in the first place but also bad on the fcc for creating the situation where it costs forty billion dollars by spectrum and and so it's you know goes both ways. I think there are a few things that make me slightly optimistic wan is there a greenfield countries right. So there you know the. Us and much of the western world heavily regulated from a spectrum point of view they're developing world countries where that's not the case right and so part of what. I'm hoping to see that people will take things like helium and developed cellular networks in or or telecoms networks in developing world countries where. They don't have somebody's problems with regulatory fronts. The other is which is by the way. The thing i'm most excited about i. Just i just don't know how it's gonna work young. The other thing is stuff like wifi rights and other way that telecoms operators offload data is using wi fi. You may or may not ever see this but you know sometimes you walk near building in a sudden your phone will just jump onto wifi anita exactly why that is you know the carrier wifi.
"forty billion dollars" Discussed on Artificial Intelligence (AI Podcast) with Lex Fridman
"That'd alvin how forty billion dollars. They just think that there are. These groups understands the future refinance. Geopolitics make theories about why apple is the wide. Let's get a break freedom to the world and windows as like shirley allied with the axis of evil mothers brilliant. So this is so brilliant. So i think the right way to think about this as we map the some of the cryptocurrency battles into the space of like imax them or apple versus if there were some stock that came along with each each implementation of each pc. Each mac that's fascinating. This is one hundred percent. Correct one hundred percent greg..
"forty billion dollars" Discussed on Lex Fridman Podcast
"The ideas are not grounded in truth but are grounded in an obsession of lake when you could artificially conjure up a truth. Which is why. I was a little bit like worried about bitcoin. I think i've learned a lot since to where like I i listened to separate the community from the ideas. And i think bitcoin is a revolutionary idea on many fronts but still a community. That's like dogmatically excited about something. Whatever that is makes me skeptical. Maybe it's just like my upbringing when everybody's really excited about something it makes me It makes him skeptical and it make but also makes me difficult to decide. What is this camera. Not because some of the most exciting ideas in this world have a community of people who are excited about right. 'cause it's i know i space super exciting and And the people. I know a lot of them. That are exceptionally excited about space exploration. Does that mean it's a scam now. so i don't know what to do with that and some jose just tried to stay away i suppose but it's It's unfortunate because i'm sure. There's a lot of exciting technologies in base like in the case of bitcoin. I would definitely not called bitcoin. A scam right. I would not In i would also not call white coin scam. There's people who call coin a scam because they just like say look. It has no fundamental use case that the concept of being silver to bitcoin gold. Bitcoin gold is just like stupid and like milk. Bitcoin is the silver to bitcoin gold. But the at the same time like if you have these people who just you know they do seem to ernest. We believe this and they are trying to make going delight corners back as best. They can and like. It's timmy. that's enough for it's an obvious scam. the And then so you know. I think the biggest gray area is definitely between projects that are earnest and but you know they have just all sorts of these look different combinations of flood quays to them. Yeah i mean the ones that is scam was when the key people that are at the head of the project are intentionally lying and I think as long as they're the intent is to try to do good in the world even if the your actual implementation of that is flawed. I think that's not a scam in grave florida ideas. That could be wrong ideas. But it's not a scam. I'm learning to navigate the space yet. It's definitely a very challenging space to navigate minoza in some ways a reflection of the world at large. And as we've said maybe offline that the fact that money's evolved makes it a little bit more complicated that You know lives can be ruined by By by the choice of technologies that are taken on so it makes it more real more painful more like elevated the impact of this like imagine mac versus pc wars. If everyone who bought a mac book had ten apple shares inside of it. Never run out of these yet. Ted microsoft shares inside of it. And that you had you know the the elites who bought their max back in nineteen ninety-three they spent five hundred dollars. That'd alvin how forty billion dollars they j- just think that there are..
"forty billion dollars" Discussed on Feast of Fun
"Shit yes it's protects millions covert doctors. Don't do that. there's other things you can get. And there's like the only way to serve is to separate yourself from other people to isolate. I don't think covering yourself and feces as a solution for anything works against zombies. Wait what off the movies. They they usually cover themselves something stinky so designees can't tell their humor but they do that. With dead flesh guts and stuff like that cover themselves and shit and other movies. They do it so they'll think there's these yeah yeah yeah. They're not covering themselves in ship. Zombies love shit. We'll arnold schwarzenegger covered himself in mind to throw off the predator because remember that and rambo head in a mud wall and you just saw is and then he came to you son of a bitch. I saw that movie theater which are back now. People are backing. they're all excited about driving theaters. I did that out here. It was so fun. Did you see it was like a couple of months after locked down through there. Were like no new movies coming out. So i went and saw knives out all right. Yeah to it or something. He got like forty billion dollars to make a sequel knives outs crazy. Did you see who was going to be the villain in the movie. Don't spoil it for people who haven't seen it but what movie knives out when you were watching it coming. It's kinda like you're on the crying game. My mother called me crying game. You won't believe it and for five minutes in the movie. I'm like this. Is the trans love story. Clearly everybody's like. Oh my god. I was so shocked. I had no idea who the i've figured out. Who lives knives out. Yeah just because whilst with this person man this movie unless they were the one that did it. Yeah that's true. I kind of forgotten. Who did it not daniel craig. He solves the pago. Yeah that's what he sounded like. That was crazy. it's hard to do a foghorn leghorn imitation ball the only guy who could do it. The king james watson from blackie. So you're pretty good at. I would imagine right now..
"forty billion dollars" Discussed on Feast of Fun
"Yes it's protects millions covert doctors. Don't do that. there's other things you can get. And there's like the only way to serve is to separate yourself from other people to is. I don't think covering yourself and feces as a solution for anything works against zombies. Wait what off the movies. They they usually cover themselves something stinky so designees can't tell their humor but they do that. With dead flesh guts and stuff like that cover themselves and shit and other movies. They do it so they'll think there's these yeah yeah yeah. They're not covering themselves in ship. Zombies love shit. We'll arnold schwarzenegger covered himself in mind to throw off the predator because remember that and rambo head in a mud wall and you just saw is and then he came to you son of a bitch. I saw that movie theater which are back now. People are backing. they're all excited about driving theaters. I did that out here. It was so fun. Did you see it was like a couple of months after locked down through there. Were like no new movies coming out. So i went and saw knives out all right to it or something. He got like forty billion dollars to make a sequel knives outs crazy. Did you see who was going to be the villain in the movie. Don't spoil it for people who haven't seen it but what movie knives out when you were watching it coming. It's kind like you're on the crying game. My mother called me crying game. You won't believe it and for five minutes in the movie. I'm like this. Is the trans love story. Clearly everybody's like. Oh my god. I was so shocked. I had an idea who i've figured out who lives knives out. Yeah just because whilst with this person man this movie unless they were the one that did it. Yeah that's true. I kind of forgotten. Who did it not daniel craig. He solves the pago that was crazy. It's hard to do a foghorn leghorn imitation. I'll say ball only guy who could do it. The king james watson. From blackie so. You're pretty good at. I would imagine right..
"forty billion dollars" Discussed on Feast of Fun
"Yes it's protects millions covert doctors. Don't do that. there's other things you can get. And there's like the only way to serve is to separate yourself from other people to is. I don't think covering yourself and feces as a solution for anything works against zombies. Wait what off the movies. They they usually cover themselves something stinky so the zombies can't tell their humor but they do that with dead flesh guts and stuff like that cover themselves and shit and other movies. They do it so they'll think there's these yeah yeah yeah. They're not covering themselves in ship. Zombies love shit. We'll arnold schwarzenegger covered himself in mind to throw off the predator because remember that and rambo head in a mud wall and you just saw is and then he came to son of a bitch. I saw that movie theater which are back now. People are backing. they're all excited about driving theaters. I did that out here. It was so fun. Did you see it was like a couple of months after locked down through there. Were like no new movies coming out. So i went and saw knives out all right. Yeah to it or something. He got like forty billion dollars to make a sequel knives outs crazy. Did you see who was going to be the villain in the movie. Don't spoil it for people who haven't seen it but what movie knives out when you were watching it coming. It's kind of like on the crying game. My mother called me crying game. You won't believe it and for five minutes in the movie. I'm like this. Is the trans love story. Clearly everybody's like. Oh my god. I was so shocked. I had an idea who i figured. Out who knives out. Yeah just because whilst with this person man this movie unless they were the one that did it. Yeah that's true. I kind of forgotten. Who did it not daniel craig. He's solves the pago.
Singapore's 'Grab' Super-App Goes Public: Stock Will List on Nasdaq
"Ride hailing food delivery and digital wallet super of southeast asia is going public on the nasdaq singapore's grab says it will merge with special purpose acquisition company or spec the deals nearly forty billion dollar valuation makes it the biggest smack deal by far and means that grabs valuation has more than doubled in just eighteen months as the pandemic boosted demand for its services. The deal is set to close in july
From Ride-Hailing to Fintech: Grab's Journey in the Fast Lane
"Fact fever is heating up to a brand new level here. Grab holdings asia's biggest. Ride hailing and food. Delivery company is looking to go public a merger valued nearly forty billion dollars now. This would be the world's largest back deal ever completed and a major milestone for the frenzy that has swept financial markets the move also means guys grabs valuation has more than doubled in just eighteen months. Have a listen to anthony towns on squawk box earlier. We category leader in ride hailing in food delivery and in mobile payments. And you're talking about a hundred eighty billion addressable market here. Now when you think about how we've grown We've really grown and grown sustainably
From Ride-Hailing to Fintech: Grab's Journey in the Fast Lane
"Fact fever is heating up to a brand new level here. Grab holdings asia's biggest. Ride hailing and food. Delivery company is looking to go public a merger valued nearly forty billion dollars now. This would be the world's largest back deal ever completed and a major milestone for the frenzy that has swept financial markets the move also means guys grabs valuation has more than doubled in just eighteen months. Have a listen to anthony towns on squawk box earlier. We category leader in ride hailing in food delivery and in mobile payments. And you're talking about a hundred eighty billion addressable market here. Now when you think about how we've grown We've really grown and grown sustainably guys. Here's how i see it growth growth everywhere and not a prophet to be seen as anthony. Ten laid out. This is not the uber of asia. It's ride sharing. Its food delivery and key here. This is also a significant fintech company that works with regulators in singapore and beyond if the fact john that it's not even profitable and isn't expected to be so until twenty twenty three even though it's a so called super app begs the question that i know we ask often here as can the gig economy ever be profitable and i'm talking not adjusted dot profitability net income. Not that lhasa. I don't care about profits with this not yet not yet. I mean in. You know this new job better than others we were. We were in singapore almost a couple years ago. I remember meeting with anthony tan more than five years ago over in new york and really what they are is so much. More than ride hailing food delivery. The really are that kind of almost china style app of everything in your pocket. Leading the way to more digital commerce and particularly post pandemic as more and more businesses especially local ones need to move digital and that links into the you know the tourism economy all of that carl opening up the possibility for fresh modes suspending grab has an opportunity certainly in southeast asia which is under penetrated when it comes to technology and commerce to really be a big part of the infrastructure there.
Federal Budget Deficit at $1.7 Trillion... So Far
"The federal deficit mushroom two point seven trillion dollars in the first half of the latest budget year which started in october. That is a new record for the time period. The deficit was made higher by stimulus spending to aid the pandemic recovery for the comparable six month period last year. The deficit was seven hundred. Forty billion dollars
The Natural Gas Boom Appears To Be Going Bust
"Son natural gas as the bridge fuel to a net zero energy future but the rapidly emerging climate solutions mean. That bridge is getting shorter fast. I'm npr chief. Meteorologist paul hutton. Her and today on climate cast is the natural gas boom going bust. Justin mccullough is an independent journalists covering the finances of the energy transition. Hi justin welcome to climate cast. I paul thank you very much. So big companies like shell bet big on natural gas what are emerging solutions to the economics of natural gas. There are two main challenges to show all the people who had bet big on the future of natural gas and specifically liquefied natural gas. Renewable energy now can produce electricity for lower costs than natural gas. Fired power straight up competition. The other issue is there's oversupply right now. What level of investment are we talking about to get into these projects you know when shell bet big on the future of natural gas they in two thousand sixteen. They bought a company for over fifty billion dollars in two thousand and nine exxon company for over forty billion dollars. Exxon has since written off the majority of that forty billion dollars as a loss and it now appears that shell is facing similar problems with its fifty billion dollar investment in natural
Neil Patrick Harris And David Burtka Talk About Their Relationship
"How old is the house. Nineteen zero five. Wow i it's been everything from a speakeasy for mill workers to a music school for girls to a single person occupancy and when you think it was a brothel is just wishful began to wonder where in this five storey house. Would we have our talks. Who's the decorator. David has better taste than i do. So if we ever have disagreements about Interiors it usually comes from a financial standpoint in that. I tend to say dude. We have dogs and two small children. We don't need a forty billion dollar rug. So you're the sort of decorator in your the accountant. Then they led me into their red velvet screening room with rows of quickly theater seats. Just like an old hollywood. What a fitting place to chat with these two actors. What kind of marriages did your parents have. My parents were together until my mom passed away years ago. And your parents. My parents are still married. And they've celebrated fifty plus years of marriage so they've always been only together with each other so because you were gay. Did you think you wouldn't have that. I thought that i was going to be alone or single for most of my adult life. But i had a random path from adolescence into adulthood because i ended up being on a television show when i was fifteen years old and so all pre puberty through puberty. When you're figuring out what turns you on i was. I felt a bit under a microscope of television. And so i didn't have the freedom to randomly hit on somebody or go to a bar. So i i was by myself a lot and had a fantastic group of friends in los angeles. Who knew everything about me. But i just i just wasn't dating. I had never even showered with another person till i was in my late twenties so it was all new to me. And what about you. Deeming i you know. I didn't know what i wanted to. Until sort of i got into college and then after college living in new york i you know i saw lots of different relationships than men having babies and having a family so i i always knew that i was going to settle down and be with someone and stay with someone and have a family and kids. Once we started dating. We never really stopped so we didn't date lots of people while we were dating each other and then decide. We just started dating moved in together. And we've been together ever since same. Sex marriage wasn't legal at that time and and it seemed like a potential but not an inevitability and so we were more conscientious of what wording we used to call each other. I just didn't like the word partner for some reason i just. I still think that's a very strange way to it. Eliminates any sense of lava lover of or some only rome antic lake invasive of your life lover eighties and boyfriends very juvenile was forty calling. Fill my boyfriend and to seems like it's short lived like we've just met together for years. So is it better half and then and then once the marriage thing happened it happened very quickly but we didn't want to get married because it was suddenly allowed to get married. We wanted to get married to get because we wanted to get jeweler already in a committed relationship correct and that was and did you get kids. I just didn't want to go to the courthouse. With a with a hundred other people and people holding up signs and other people picketing and refers i. It's an. I don't want to get married in context owning remember with my family right in italy when it's legal and it's not a big deal. The nice thing about destination wedding as you can easily reduce the number of people. You've been very small weddings. Only forty seven people. We've got married with thirty five and it wasn't a great wonderful. The nice thing about talion wedding or a any italian trip is that everything is so delicious there. Yeah and what we're was testing this rueda. Yeah the mountains in a one of the things that i've noticed because we've been married forty years. Do you count from the day that you started dating or from your barrier wedding. We're counting from the day we got married. We met three years before but we knew immediately. I mean we. We fell them up. We went we went to dinner. We went to bed. That was it was it. That's because we're gay. We count from the day a reverse day because then you add ten years dog enga- years fifty years. We've been together.
Alibaba Share Fall Under Regulatory Pressure
"Alibaba shares falling today. After the company's web browser was pulled from app stores and china the move follows comments from chinese president. Xi jinping calling for increased scrutiny on big tech she sang regulators. Need to fill in gaps and loopholes when it comes to chinese tech companies dan. You're saying that one of the worst looking charts and the market is of h chinese tech company. And it's alibaba. I mean the news flow has been downright horrible for months now the stock has been very volatile If you look at it right here down from i think about two seventy five to just about two twenty six to twenty seven right here sitting right on a massive technical support. Look at that chart. It's a massive head and shoulders formation. Here really has to hold here. The news flow has gone from bad to worse. I'll leave that For tim but it seems like the chinese government is seriously looking to clamp down on this company and some of their entities. And i just think you want to be careful below those recent lows below two twenty. I get that really clamping down a harshly would be cutting off your nose to spite your face in way because these are these are national champion companies. Tim at the at the same time. They are requiring alibaba to do things like divest. Some of its businesses like ant financial that could really transform these businesses. And how they're valued. Yeah i actually more worried about this I you know alibaba media assets including what they hold in some american companies like twitter. But also billy billy which is a online video gaming platform it's a forty billion dollar company mean. The these are part of the nuggets of value. That i i actually like in owning alibaba so i'm not surprised that the regulator actually needs to do their job. I'm not surprised that they're they're doing. They're they're slapping on the risk. Call it the companies that have been front running the government. But it's the entire china tech sector. That's under pressure and the irony of this is is that this. Is you know where we were fighting. Many of our kind of geopolitical wars over the last couple years with china really control the internet called the next wave of technology companies which china wants to put them out there. I i don't run to the door at these levels. I gotta tell you to twenty very big support on bobbled
Survey: Americans Could Spend Up to $40B in Stimulus Payments on Bitcoin
"And today we're talking about why americans are poised to spend up to forty billion dollars. Indirect stimulus payments on bitcoin. I however let's do the brief. I on the brief today. We have to do a little price talk. It was another weekend and another milestone. Unless you were dead or completely off the grid you know that. Bitcoin hit sixty thousand dollars. In fact it spent some significant time over sixty one thousand dollars now. The prices subsequently come back down a little bit. There was a set of cascading because people insist on trading with a huge amount of leverage and the popular narrative around the small dip from today is that it's just profit taking and certainly when we've seen such a meteoric rise up it makes sense that that would be the case for me. I don't care so much about the price. But what i do care about and what i find. Interesting is the psychological impact of the price. It took three years to get back to twenty thousand after it was first reached in twenty seventeen. It took just three months from when we hit twenty thousand this time around to jump three x two sixty thousand of course in that sort of extreme scenario. You're gonna have a bifurcated response. They're going to be many. Who see this as validation or even who get off the fence because the asset has proved itself others are going to double triple quadruple down on their frantic critique and man did i notice a lot of boomer macro guys their crap on twitter this weekend. Lynn alden seem to as well tweeting. Bitcoin bear twitter. went from. It's a bubble and dead technology pumped up by tether to america will ban it before it displaces. The dollar is global reserve currency and i support this i e the banning of certain property and literal information rather quickly while regulation and state attacks are a long known risk factor for bitcoin. When bears talk like this about the asset. It ironically sounds more bullish than when bulls talk about it bear starting to view it as that much of a threat as ever. This price can move around quite a bit. But it's certainly does not feel like this area that we're at in the forties and fifties and all the way up past sixty thousand. Feel like mania. It just feels like the consistent and relentless pressure of more people trying to buy a thing that they're just that much of
Despite Delivery Service Concerns, Instacart Doubles Valuation Again
"If you feel like you've been throwing a lot of money grocery delivery services of late. You're not the only one instacart just got well. Many cartfuls of money from its existing investors. This latest round of funding marks the second time the company has doubled its valuation since the beginning of the pandemic instacart is now estimated at a whopping forty billion dollars. Not hard to figure out. Why investors are betting on the service. Instacart was a lifeline. For many when everything started shutting down because of the covid nineteen pandemic the service was away from any to avoid going to the grocery store and the inherent risk of that formerly mundane chore and others got hooked on the convenience of it all. Why go to the store when you could just order up the groceries on your phone and have them delivered to your house within a couple of hours before those benefits consumers were willing to pay quite the premium instacart charges as much as nine dollars per delivery or you can pay one hundred bucks a year for unlimited free delivery on top of that grocers pay ten percent per order which is no small amount in an industry where margins usually average two percent or less according to forbes grocers like acne costco wegman's and others have formed instacart partnerships even kerfuffle over the service firing employees. Who wanted to unionize wasn't enough to stop this carts momentum speculation about the company going public and when is swirling with one reuters reports saying instacart might even avoid a traditional ipo an opt for direct listing in which companies go public without raising money through a stock sale but going public is always a bed of roses just ask competitor jordache which went through an ipo in december. Even though the company has agreements with mega retailers. Like seven eleven and cbs. In addition to its restaurant partners and beat its fourth quarter revenue estimates to boot jordache stock dropped because of its big losses due to ipo costs and stock related compensation according to cnbc citron research called door dashes ipo. Quote the most ridiculous of twenty twenty and said the stock was not worth a fraction of its price. The main concern about the valuations around these delivery. Service companies is. What happens after the pandemic with vaccinations. Well underway hopeful new. Cdc guideline saying that we can hug mom and dad again with caution will consumers still be willing to pay more for convenience on a recent earnings call. Jordache leaders reported still seeing growth in areas where covid restrictions have been eased a hopeful sign for the future at instacart the companies using its windfall to secure deals with a broader retail base. It has recently struck deals with big lots staples and walgreens to name a few. So even if you do wanna head back to the store to pick out your own meat and produce you just might keep turning to the delivery service to bring you that. Inexpensive sofa were case of copy paper ordered and with the universe of retailers. Out there who knows what new ways the company will find to deliver the goods
Inside Biden’s $1.9 Trillion Stimulus Bill
"Start right there with a pass of that. Covid stimulus bill in the senate on saturday night. I do need to preface this by saying it does have to pass the house again because there were some changes made by the senate so it's not passed into law just yet but we'll go for what this bill will include when it goes through the house and i'm going to try my best to sound like i'm not rattling off just a bunch of dollar amounts but there's a danger. It might sound like that but just bear with me. There might be something in there that would be useful for you. Your family someone. So for helping the unemployed it extends that three hundred dollars a week plus the state unemployment end it makes the first ten thousand two hundred dollars of that non taxable for households making less than a hundred and fifty thousand dollars it also fully funds cobra. Health insurance premiums so that employees who have been laid off can remain on their employer plan for free. There's also going to be another round of checks fourteen hundred dollars for a single taxpayer. Twenty eight hundred couples indy. Get fourteen hundred dollars per dependent now the starts to taper off at seventy five thousand for individuals or one hundred and fifty thousand dollars for couples ended completely gets phased out at eighty thousand dollars for a single tax payer and one hundred and sixty thousand dollars for a couple it gives state and local governments three hundred fifty billion dollars to cover expenses related to covid through twenty twenty four gives schools one hundred and thirty billion for k. Through twelve in forty billion dollars for colleges and that's to help them reopen safely so parents can get back to work for businesses. they'll be twenty five billion dollars going to restaurants and bars. This max out at ten million dollars per company in five million dollars per location additionally there will be seven point two five billion for the paycheck protection program once again forty. Six billion dollars will be going to state local and federal governments to help with testing and contact tracing as well as fourteen billion dollars to help speed up. The vaccine distribution for healthcare there will be financial assistance for aca affordable care act premiums and this is just looking to get the number of people covered by insurance to increase into further incentivize. The south to expand medicaid since they're sort of the holdouts town there. The republicans are blocking that there are also increases in tax breaks to parents who have kids up to three thousand dollars per kid if their age six to seventeen and thirty six hundred dollars per kid if they're under six years old and that spread out over the twelve months according to analysis this plus the fourteen hundred dollar check would cut the number of kids in poverty by more than half. In addition there's changes to the earned income tax credit for this year in extends to people without children. And if you're looking for how much that would be for low to moderate income folks. It'll be somewhere between five hundred and forty three dollars in one thousand five hundred and two dollars. Lastly in the rental and homeowner category it gives thirty billion dollars to help low income and unemployed folks afford rent and utilities and at the state level states and tribes get ten billion dollars per homeowners. So all in all. I think thing that really struck me. Was this tweet that i saw saying that. Isn't it kind of crazy. That biden asked for a one point nine trillion dollar stimulus deal and he got a one point nine trillion dollar stimulus deal like i think that makes biden a pretty good politician. One of the main criticisms of obama was at he started out by compromising with republicans and gave them the compromise offer in the first place instead of starting out high. You can't say that for biden so far in this could be a sign of good things to come but like. I said they're hoping that this gets signed into law by the end of the week after the house passes it sometime this week.
"forty billion dollars" Discussed on The Propaganda Report
"La and new york and in other countries were france has like a terrible number but belarus has a great number it does not seem to be correlated with those kind of policies. It's not when i was looking at those with those testing a my husband point had. He's like the task. La is paying two hundred dollars for a cova test. So so i looked into it and the us at three hundred and forty eight million tests. There's been one test for every man woman and child in this country and if it's one hundred dollars each which is half wa is paying from what i understand. That's thirty five billion and that's only a quarter of the tests that have been taken worldwide. So it'd be like one hundred and forty billion dollars. So i was looking at that. I was like that's a real number. So yesterday i was saying like this has really kind of be a big pharma. A little bit about the money. Like i always dismiss that because i think there are bigger agendas at play. Pfizer actually increased its expectation of revenues from twenty twenty at like forty something roughly forty billion they think in two thousand twenty one. It's going to be sixty billion. That's like a fifty percent increase in their room. News based on the vaccine. I mean it's unreal. Fifty percent of is crazy. Yeah to you over the weekend. I told you that was promoting. How the pfizer vaccine madonna vaccine is going to protect against that that very the new variant and the uk's vaccines will not further gordon credibility to that theory and also bill gates was on sixty minutes recently. Talking about how to stop the disinformation and get the vaccine arms. More people in this segment was sponsored by pfizer. Well the i forget who is responsible for pointing this out. But i think was supposedly rfk. I heard that yesterday on the unwanted but that the that big pharma buys up all the ads on the big station so that the news can't talk negatively about them. But one thing that i noticed that really bothered me was a while back. I think i might have brought this story. That in england they were saying they're gonna have vacs passport so that you could travel on planes. If you've been vaccinated and the outcry from the people was that's like apartheid. You're treating different populations differently. I just saw that found. She said the cdc shit recommend or he'd be okay. If they recommended different rules for vaccinated people in unvaccinated people so that vaccinated people would be recommended. It's okay for them to mingle to get together to go indoors for those families to associate. I mean why that will really by archaic society because that stuff is also highly politically aligned. Yet they asked foul ci on state of the union the other day if he since he's been vaccinated is seeing his family now is children and after a long pause.
"forty billion dollars" Discussed on Heartland Newsfeed Radio Network
"And then that was when i started playing hockey. Mommy and those you know no. It isn't no it is it's true. I thought you before. Watching golf on television is like watching a ball flight through the blue sky. I've had more fun in a lawyer's office talking about getting out of federal prison than watching golf on television and tennis is even worse. The only thing good about tennis at all at all the only thing about it is john mcenroe when he played not even now because now he's trying to be thirty now he's trying to beat thirty and he's seventy and he's acting like he's thirty his clothes and his nine chains around his neck and his wrist chains and his in his expensive. You know twenty year old guy close that he wears but the bottom line is. He is the biggest thing in tennis even as he doesn't play anymore. That's how bad tennis is that. John mcenroe's still the most important thing in tennis. And when he played he was a bad ass and it was crazy in the psychotic and he threw racquets and got in arguments with Jerem buyers better than any whatever and ever since every player socks i love vetter that must competitor john mcenroe and you don't know it hawkeye killed. John mattes aren't didn't give anything to argue about anymore. Yeah it wasn't one. Quick thing if i googled. Scott ferrall indiana andy university tennis. What would i find signed failure. Let me tell you something. You cannot argue with me that you cannot argue with me that federer and joker and the only one. That's exciting is all because he picks his butt and because he wins the french open. Every year curios curiosity of it's in a cage match. I mean that would be. That would be but well curious is interesting with his temper. And is he's psychotic. The problem with curious is is that he's worse than me that tennis. He's so awful guy never wins anything. He's never wanted thing is life. He's the worst dentist blair. I've ever seen with a temper in fact if you have a temper in in tennis you have to be good to be effective with your temper. Would you agree with that. Yeah that's true that's fair. That's very fair and joke which we talked about this afternoon. The meltdown with them is just. It's it's beyond the pale. I don't get it the guys. You know Disqualified from a major for hitting linesman. And then he still has a meltdown court so it may be. The covid is getting to some of these athletes. I don't know one of these days. We ought to discuss that. Because i think that's a big issue spit. Nobody's talked about it. There's a lot of stress on these guys do now you know. Let's not hold a bake sale for these folks. They're making twenty thirty forty billion dollars a year. But it's gotta be hard for some of these guys to okay so Top tag baseball's agreed to allow in game access to video footage throughout the games though features combat potential sheeting instances. What's that about. Yeah so th there's there's gonna be a gaming opportunities for access video and rob manfred. Her appeals and please. It is reinstating player access to video footage in game now..
Apple positioned to offer cryptocurrencies: RBC report
"Rbc's got a new guy following up all and he is coming on strange apples. Three dot over and part of a note from abc analyst. Mitch steve's taking over the apple beat from robert muller. According to steve's note fundamentals apple remained secure with cash flowing business related to iphones peripherals computers and services. But what he really likes is the money. Apple could make in cryptocurrency not mining not buying but using apple wallet to let its installed base of one point five billion devices and the people who use them into the game the way the analyst sees it if apple decides to enter into the crypto currency exchange business multibillion dollar in we think the firm could immediately gain market share and disrupt the industry while simultaneously making the usa a leader in crypto for the next ten to twenty years if only two hundred million of those one point five billion got into crypto currency steve stingers that potential revenue opportunity would be an excess of forty billion dollars a year
"forty billion dollars" Discussed on No Agenda
"The story is interesting and yes go ahead. This was a carve out. I'm just going to say it. The way i read it a carve out that they want in the law for transsexual prostitution and the way they've done that is take a against deal from our black communities black and brown communities it's in that zip code over there. The term driving while black has now been co-opted into walking while trans so instead of you are soliciting for prostitution. I'm walking while trans. The whole thing is so low to aid take driving while black and transform it into your own personal thing and then to have a carve out while trans people. They can loiter in walk because there a special class so they can be out Soliciting listening to yes. Yes but go nuts but the white girl can't no no well. It's not. It's not even a color thing. I don't think well i'm just okay. The black girl can't either to women can't drive women can't the trans can because they can walk around while trans. It's really bonkers is bonkers. Okay with that was again. The notch explained very well very poorly years. Here let's just do a straight whip saw by amy. This is the i guess. The woman is She's the secretary of of defense been. She's been given some grief from elizabeth warren in the story here this hick. Dod whip saw. Meanwhile the senate armed services committee held confirmation hearings for kathleen hicks tuesday. Biden's pick for deputy defense secretary senator elizabeth warren questioned hicks on the seven hundred forty billion dollar defense budget which warren called unconscionable we continue to over invest in defense while under investing in public health and so much more that would us safe and that would save lives..
Is Student Loan Forgiveness A Good Idea?
"Right now on the. Us government federal balance sheet there's loan receivables over a trillion dollars of student loan debt sitting there as a receivable for the fiscal year ending nineteen total assets of the federal government worth three point nine trillion of which one point one trillion was direct student loans. But here's the thing. Three point nine. Trillion in assets twenty six point nine trillion in liabilities. The difference the deficit is twenty two point nine trillion dollars. The us government is effectively insolvent. It does more than its assets. And if the us government road off four hundred and forty billion dollars of student loans it would just increase the level of insolvency. It would not sink. The government by any means the education department according to some private consulting work that they contract it out understand what the potential losses are on their student loans found. According to a report by the wall street journal that losses on the one point three seven dollars of student loans outstanding at the time this report was compiled would equal four hundred and thirty five billion dollars. Only nine hundred and thirty five billion would be paid back and that didn't include about one hundred fifty tonnes originated by private lenders that are guaranteed by the government each year. The government lends a hundred billion dollars to students to cover tuition to more than six thousand. Colleges and universities doesn't look at credit scores or the field of study or whether students will make enough after graduating to cover the debt. The wall street journal article reported that between two thousand five in two thousand sixteen four intent student loans. Most of them federal went went to borrowers with credit scores below the subprime threshold. That's assuming they actually had a credit score. Which at the time. That i took out my first student loan which i'll talk about a little later in this episode. I didn't have a credit score. Nor frankly i know what i was doing. But here's the thing. The consultants found out that a major driver of those losses were students. Who went on some type of income driven repayment plan. An income share to wear they only had to pay a percentage of their income and ultimately the loan could be forgiven after a number of years. If a loan isn't paid back in full because the payments are based on income in income isn't growing and ultimately the alone is written off after twenty years or so then that will lead to a loss in addition that study found that there are millions of other borrowers that would default on smaller amounts typically less than ten thousand dollars after the drop out of a community college or a for profit college one of the comments in this wall street journal article on the private consultants conclusion regarding the potential losses. For the us government. Student loan program is that taxpayers would be on the hook for this if the government off four hundred and forty billion dollars of student loans. Us government would receive less interest income and principal payments annually interest if we assume a five percent interest rate on one and a half trillion dollars of student. Loans is is only about eighty five billion dollars. now. I say only because total. Us government revenue is three point four trillion dollars. Interest income from student loans is only about two and a half percent expenditures in fiscal year. Twenty twenty six and a half trillion dollars. The deficit was three point. One trillion fourteen point seven percent of economic output or gdp nominal gdp and fiscal year. Two thousand twenty was twenty one point two trillion dollars. This deficit was fourteen point seven percent of that number the highest since the great financial crisis where the deficit was nine point. Eight percent the highest deficit ever was in nineteen forty three at twenty nine point six percent of gdp. The us ran three point. One trillion deficit in twenty twenty and the federal reserve increased the amount of treasuries on their balance sheet essentially funding that deficit. Two point two trillion dollars is the additional treasury bonds that the federal reserve bought so two point two trillion of the three point one trillion dollar deficit. These student loans are tiny percent of what the government is spending much of which the federal reserve financed indirectly. Veterans are didn't just give the money to the treasury. they went through the county mechanism of buying treasury bonds. But that's what happened. The federal reserve created the money out of thin air to purchase treasury bonds to plug the deficit now when i started hearing about forgiving student. Loans cancelling them. My impression was the student loan. Burden is as high as it's ever been. That students are struggling tremendously compared to when i took out student loans in the late eighties and early nineties. What i found was the average student loan and again this is based on data from marc canter wits. This is just the average student loan balance for graduates with bachelor's degree when they leave school in one thousand nine hundred nineteen ninety-three. It was ninety three hundred dollars. Forty six percent of students had student loan debt. That's about how much i had little over ten thousand dollars in student loans. When i left graduate school today. The average student loan balance is twenty nine thousand nine hundred dollars just for students. With bachelor's degrees sixty nine percent of graduating students have student loan balances. That amount going from ninety three hundred to twenty nine thousand. Nine hundred was a four point. Six percent annual increase. Now that's a burden no doubt and if it growing at four point six percent it's growing faster than inflation yet if i look at what students are making when they graduate in nineteen ninety-three or year after they graduated so in nineteen ninety-four an engineer. Starting salary was thirty thousand. Nine hundred dollars. A humanities graduate was making twenty one thousand three hundred dollars so if we compare that salary to the amount of their debt engineer made three point three times. The amount of student loan debt they had and the humanities major may two point three times the amount of student loan debt they have if we look at what engineers typically make coming out of university. Today it's close to seventy thousand dollars or about two point three times the amount of their student debt back in one thousand nine hundred. They made three point three times the amount that they owed now. It's two point three times so they own more relative to their salary but the interest rates are lower now. So they're able to handle that. But it's not this huge change that i had expected for the humanities graduate. They went from earning two point. Three times Student loan balance to one point eight times now. Part of that is pell. Grants which are grants given to low income students to essentially pay for school. I got a lot of pell grants when i went to school. That program has only grown about three point nine percent per year the maximum payout amount per student so it has not grown as fast as student debt levels. Now we can say well may be. College graduates are able to find jobs. The unemployment rate for recent graduates was five point one percent in nineteen ninety-two it was three point. Nine percent before the pandemic hit in february twenty twenty and so a greater percentage of recent graduates had jobs in early. Twenty twenty then back in nineteen ninety-two now. The unemployment rate at least in september was nine point one percent according to some data from the new york fed which suggests that yeah Graduates are struggling to get jobs. It is harder today than it was in nineteen ninety two but not that much difficult. And i don't recall calls to cancel student. Loan debt back in the early to the mid ninety s
Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes
"Amazing new article in the new york times featured interviews with several bitcoin millionaires who living the high life. If not for the unfortunate fact that they lost their passwords and can't access their bitcoin. One guy in san francisco reportedly has two hundred twenty million dollars in bitcoin that he can access using small hard drive but he only has two more tries to guess the password on the hard drive before it locks him out forever and crips its contents around one hundred forty billion dollars. Bitcoin seems to be inaccessible in the same way in an apparent consequence of bitcoins unregulated