17 Burst results for "Fulco"

"fulco" Discussed on The Pomp Podcast

The Pomp Podcast

04:04 min | 3 weeks ago

"fulco" Discussed on The Pomp Podcast

"That gets aren't behind because may be impossible then. They the of like same predictable. Monetary policy i think is a noncontroversial position among many economists fiscal. You're arguing is you take widely accepted kind of consensus view. Traditional economic viewpoints like predictability Like of the fat or central bank or whatever and you apply it to the lens of bitcoin. There's checks that guests you thirty percent there. Yeah your third. There may be ensuring monetary policy is transparent programmatic programmatic and predictability are just two different words. That meaning pretty much. The same programmable is just like be a strong incarnation of productivity right. Yes highly predictable independent. Decentralized those are again you know two different words for two different industries but basically you know Rely on each other or kind of related to each other thus right and then if that gives you thirty percent what's the rest is so then the rest is that you realize how hard it is to accomplish that and you realize that The monetary policy of a nation is really powerful that it can be used as a diplomatic tool in other nations that he can be used as a domestic policy tool to jen to pass about money to people or whatever that may be in a way that it's not our regarding organic so that won't be says he realized that there was a bunch of incentives in that system. They go against that ideal and that push against. That's one piece in the piece that that it's important is that i grew up and to a large degree. I remain very kind of liberal kind of almost to the left in many issues. But i think one thing that high iq father off gonna libertarian. Economics has right. Is that price convey information right. It prizes the way we discovered truth in the market. And so if you think are with prices because of foreign or domestic policy objectives. And you're not just you know indirectly taxing the wrong people. You're not making on also hard. You actually screwed up the market mechanism. And i've seen i've seen in practice efforts to subvert the market mechanism for like a top down mechanism and it does not work is really really really bad. This is This is not only the history of russia would be whatever this happens. Just stop down. It's just pretty hard. And so so. I think those those that is like the third which is like prices are really really important and incentive structure is against it and i think that all kinda checks. I think the last piece is the piece that you realized that this thing is not cannot be censored cannot be controlled so it means that no one can grab power over it and so going back to your point. Is that when you look all this concentration of power. What big point has is. It has the property of diffusion of power. No one has to be in control. And that's a notion there's very scary and very Is not clear if that's going to work or not. I mean we've tried fulco inspiration of power. That doesn't quite work well. We tried to market loss governments. And i it works better but it has a bunch of issues but this idea that we can affect you something that we wanted to be predictable and that we force it to be predictable and it cannot be controlled by anyone else. It's insane so i think once you see that and you see that possible is really a different world and and you see examples of all of that. I mean i. there's a bunch of news on the news right now on minors being the platform in china in china I don't see anyone. Coordinating they migration of those machines somewhere else and yet it's happening. It's happening there being migrated..

jen fulco russia china
"fulco" Discussed on Software Engineering Daily

Software Engineering Daily

07:20 min | 1 year ago

"fulco" Discussed on Software Engineering Daily

"With a new optimizing compiler building at the same time and simplified the whole pipeline. And so we. We ended up having a big project to sweep cold ignition and turbofan which was replacing completely the old compilation pipeline ambush was Fulco. Jenin crankshaft replacing it with ignition. And Turbofan where ignitions. The bike could interpreter internal finds the two compiler and so after that. And we've been working on various compilation toys. Asians here in London and the light project. All right let's talk a bit about memory management because that directly corresponds to the work you did on V8 light. How much memory does chrome us on a machine? I think it depends very much on April. Your machine is and be what type of user you are. There are a lot of tickly users who have maybe hundreds of of tabs open all the time. I'm one of them and in these situations crumbs. GonNa take a lot of your system memory in fact most of the time all my applications are sitting in. Chrome. They're running javascript. Applications in atop. So it's not really surprising the crumbs taking all that memory on desktop Where becomes a problem is on these low end phones where you really have much less memory? And so things were thinking about here or maybe have five hundred twelve megabytes of Ram which might sewn reasonable. But then you have to remember. The the hardware takes hundred megabytes. The operating system takes a hundred megabytes other applications. Two hundred megabytes really at the end of the day chrome ends up having a hundred megabytes of memory left to do all of this operation. So that's like rendering pictures laying the page and doing javascript tastes kitchen and saint. Time so depends where you're sitting on a mobile device. A typical web page really expect. Maybe thirty forty megabytes in the render a process. And which is the process this displaying the tab and all of that may be forty to sixty percent would be the VHS critique so as visa quite sizeable portion of that Moore usage general. How does the runtime for chrome on desktop compared to chrome on mobile and in terms of memory footprint so that we have done a lot more to is Asian work on how to fit the General Casey's to compress the General Casey's so the memory usage is generally lower those other aspects as well on mobile? You generally are viewing one tap and the operating system behind the scenes so in chrome each tab is a separate operating system process and on android operating system can kill processes when at rolling lawn. Memory I know do that. With interacting with the main croom process took away. That sounds like a problem. It can be a problem. Yeah and in some senses is kind of useful for us because we can create tabs on an leave it to the operating system. We give some hints as to which tabs are important and might switch back to. We can leave it to the operating system can of garbage light those types and as they go on so that typically scales much more widely depending on the foot. And so if you have a high end gigabyte ram device school and then you'll probably find a few switch between your last for five. Maybe ten taps. They're all still there. Whereas if you have a lower end one gigabyte Fulton switched to a couple of tops. Back in you see the whole time reloading. And that's because the process has been killed in the background in chrome needs to reload the webpage so the memory usage learn in software engineering school or computer. Science school consists of the stack and the HEAP IS V. Eight mostly or the chrome browser. Is it mostly consuming stack or heap is mostly heap and when we talk about heat we have slightly? We have probably more categorisations than just staff can heat. So there's definitely some slight memory m that's generally kept relatively small But depends we spin up love threats than each threat needs to have a stack so that might take some memory and then there's heap at NBA. We kind of partitioning between what we call. Maybe native heap which is your kind of typical C. Plus plus heat which you would allocate with Malik or new managed. That memory yourself as you're coding and then what we would call the managed. Heap. Which is the garbage collected javascript heap and we're all javascript objects live on. That has a very different field. Because the garbage collectors in charge of collecting memory and freeing the memory S. goes and typically. That's the largest part of memory for us and envy eight and is one of the more substantial memory in chrome overall as well tell me about some of the objects that might make up the heap. If I'm browsing typical website where I've got a website open. I'm on Hacker News Dot Com. And I've got three or four other chrome tabs open. What is in my heap on? Chrome lots and lots of things and so. I'll start with the things that are in. Va Lennon talk about some other things that are in chrome overall so on VHS managed heap the garbage to you'll have all your javascript objects so for example any functions stuff skirt functions. That were being compelled by code. That will live in the managed heap. We also have. Meta data which is where. Va actually came in. Where we keep track oth those functions look like Type of objects. Those functions have seen in those types of things. I and use that to optimize the code later. And then you have your actual objects so if you create arrays or strings or things like that in javascript than that whole also lives on the end the managed heap. You then have what's called the Dome an which lives eyesight of this is in the the ranger engine and blink. That's called the document. Object model and so if you know your html than that. You're you're kind of elephants. So maybe you're developments in your image elements and things like that and they're represented in a dome which is also garbage collected by a separate garbage collector in crew called oil pan. And then you have lots and lots of other things so you'll have your images on your site and they will be in both. The can of compressed form the J. pig farm but we also need to decompress a tissue on the screen so the decompress farms as well. They'll be the html source for the actue pitch came in. Css older objects are needed to process that. And then of course chrome needs to display the stuff on the screen so I think a large part of the memory ends up being the the GP command buffer so that commands the chrome sending to the GP to drop things onto the screen. Veteran.

Heap Fulco Jenin Casey London NBA Va J. pig farm croom Moore Fulton Malik Lennon
"fulco" Discussed on Talk Is Jericho

Talk Is Jericho

03:49 min | 2 years ago

"fulco" Discussed on Talk Is Jericho

"You know, there's tons and tons of hits on that one courage, locked trunk of a car hundred Meridian. Yeah. Weep kings weeks. Yeah. So I mean thing too about the hip and that's what they're called is the hip, if you're in cat. If you're trying to. Gene, are you don't need to say the driver? You just mentioned. Okay. Let's go through some of the songs and blow at high dough New Orleans thinking, we kings hundred Meridian. Fifties mission cap locked trunk of a car. What's a little bones little bones in him, but all of these titles, you know, the God a little bit of a Canadian slant to do and the lyrics, they didn't start overly Canadian, not that the band has ever been just about canyon content or anything like that. But they were rare and that they were not afraid to thing about Canadian topics or Mench, Canadian places or mythology. We're talking about hockey openly, you know. And not a novelty, so, you know, you listen to iron maiden, and you would learn about Alexander the great and the rhyme. They should mariner. Yeah. Listened to tragically hip, and you learn that Bill Barocco. Yeah. Scored the, the last the last goal ever scored one the leaves the cop got lost in a plane crash in the woods or something. Bill beryllium until they found the body, and that's crazy. And that's not like the approach the lyrics when that's on to. He's reading just the back of a hockey guard. That's built. I got this. I got these lyrics absolutely gotten this from a hockey fan. It's no joke. It's word for toward Fulco. It's exactly the car. Makes that worse story ever. Did he just couldn't think of lyric and picked up the coffee card or way? Yeah. I thought so he's yeah. He saw the hockey card, and it's there, there was recently a book that came up by Michael, Michael Barclay, and he talks about it a lot in this book and Gord basically, went to the Toronto reference library, because this is like nineteen ninety three or nineteen Ninety-two, and there wasn't the internet. So he couldn't do research, and he wanted to find out more about this Bill Barocco guy. And so he went to the reference library and you had to go into the basement of the Toronto reference library. And he's talking about him going through all this microfiche and stuff like that, you know, to find the find out about a character in the song that he hasn't even written yet, you know, this is the kind of tactic that he would use to, to write a song, and he talks about being alarmed, you know, like he he was so into what he was doing that when somebody came downstairs, you know, sort of tapped him on the shoulder that he was actually alarmed startled. Because he was so into what he was reading. But I mean it's eerie basically this, this kid shouldn't have been on this plane. He went on this plane against his mother's best wishes. And you know he's never seen a game. Right. And, and he scored a goal in overtime or something on the leaves the Cup absolutely just line. The least we're talking about the Toronto Maple Leafs here. And this is what we're gonna delve into the course of this podcast because what I want to really talk about is why did hit never really make it outside of Canada. And that's not just like the states. We're talking England Australia most bands. I remember even like the, the watchman were big in Canada and had a big falling Australia. Sure. Wow. The hip never had that. No. Now, and I remember I was working at Red River community college in Winnipeg as to tell us to do as a part time gig as a security at the at the functions that they would have at the college, and I remember the Booker she was a really cool chicken. She was super excited. And she was always really involved in booking. Whoever it was number one that she booked with the guy is a magician is Jonathan the magician or some guy like that. That's magician..

hockey Toronto Maple Leafs Gord Toronto Bill Barocco Canada Michael Barclay Red River community college Australia Fulco Gene New Orleans Alexander Winnipeg Jonathan
"fulco" Discussed on Pardon My Take

Pardon My Take

03:01 min | 2 years ago

"fulco" Discussed on Pardon My Take

"If you type eight zero zero eight five and two calculator upside down says boobs, that's a little precocious free. Are you aren't doing that when you're eight oh no chance you pussy? I don't remember what eight was it was I was looking to boot. So, don't you self use your left hand? More boobs upside down. It's actually pretty good. Yeah. Yeah, yeah. I think eight Carol. Yeah. There's nothing you hoops at eight ties I was very good. I like your thinking NBA. This is this is the story of my life was like up until eighth grade. I was I was destined for. We've talked kid I was six four eighth grade. So basketball eighth grade your Magic Johnson, you're playing on this. I was like dude, this is this is the greatest thing ever going to the league like this. And then I just kept getting older, and everyone started getting taller, and I was like, what is happening? And here we are. And I'm six four now. All right. So, so they just great. I was huge. Yeah. There's a lifeless. That's huge. I wear I wore it here. Yeah. Oh, yeah. I shaved in sixth grade, I was shaving sixth grade. You don't want them. So going up to like twelve thirteen you don't want to be the first kid with the arbiter. So we see the whole reason I have a beard right now is because in sixth grade, I had, I was the first kid to shave and I wore a badge of honor. We're like in school. Everyone knew me is like the guy who could select in seventh grade, then I had to grow up like a little goatee. And everyone's like that's so tight that the guy we have a kid on our basketball tonight, fucking goatee. You look back weird kid, though. No. I would just like hit puberty at, like five years old normal, normal age. Surprise you became a guard. No, I don't wanna like normally you guys are like just the worst centers who are great and pick. Right. Yeah. Well, I grew up in Indiana shoot a little bit. But that was gravel. Yeah. Yes. All through high school in highschool, Fulco stays my beard out in like that was part of it and all my friends like this is so awesome that we have a guy on our football team that comes out to shake hands at, like the coin toss. Fucking full beard. Yep. As and then that's just like became identity guy, you might still have a here because of you might be like Vlad Guerrero and your parents, ever told. Yeah. You're two years older than you really make a lot of sense that, like when I was when I was in eighth grade, I was actually like twenty six and that's why I'm so good. High school girls hitting you up and stuff. Yes, I I remember in eighth grade dumped in a game. And my brother was in high school at the time and my brother's, like riding the bench and high school, and I'm in eighth grade donkey, and, like we would I would go to my brother would have a party at his house, and like all his friends will come over and the girls were hitting on me as an eighth grader because they're like, we heard about the thing. Dog heard you thirty five last night. I was like. Man life can be so tight for me that works the pinnacle right there. So peak, then don't peak early. Don't be the first one to grow facial hair suck at a lot of stuff when you're in eighth grade. Yeah. Or if you're six four and you play basketball and your eighth grade don't forget the guard skills, Yes. not. Do not if you gave advice to a thirteen year old right now. Like if I even vice my own thirteen like, make sure you stash all the playboy I was gonna say thirteen year old guys is just all about Boehner manage, right? But now it's worn what do you mean?.

basketball NBA Vlad Guerrero Fulco facial hair Indiana Carol Boehner football thirteen year five years two years
"fulco" Discussed on Slate's Working

Slate's Working

04:38 min | 2 years ago

"fulco" Discussed on Slate's Working

"Which is that attended teach it in sort of according to three critical genealogies, and the first one is women of color feminism from the nineteen eighties and nineties, where people like Lori on unto Moraga, Audrey Lord were I theorizing, what it meant to be a sexual dissident, you know, somebody who did not align themselves with either kind of normative heterosexuality, or normative whiteness, and who understood that how those two things inflicted one another. And so when I begin with my students with that genealogy they're often very surprised because they think criteria began with Judith Butler Sedgwick. And then my second strand that I, we've in is age theory, people like Douglas crimp, who were doing act up the aids coalition to unleash power. They were doing that kind of activism, trying to get drugs into bodies trying to fight the government's sort of neglect of the aids epidemic. And I have my students read those theoretical materials, but also that activist materials that came about during that, that part of the aids epidemic. And then the third is kind of high critical theory knows Derrida is understanding deconstruction and seeing how that kind of modulated and how important it was to quite soon. Activists, an N people like Fulco with another sort of European theorist. So when I teach it that way, you know, part of what I'm trying to get my students to understand, is that there was only one queer theory, and it's critical genealogies are sort of both, both high and low, you know, both that they involve art, an activist them and high European theory. And so in that way, I, you know, I feel like I wanna teach it in such a way that I'm not I'm not limiting their at the kinds of questions that they can ask for the kinds of materials that they can use. So it does feel very wide ranging, even as of course, they're always people who will who will dismiss almost any field of intellectual inquiry. It's easier than. Older standard. Yeah. Seems like part of what's complicated here is that queer itself is a complicated term. We're doing this series of the show around or calling LGBTQ jobs, and that Q there. Which we typically understand, to mean queer some people use questioning there or something like this. But, but if we understand that to mean queer it, it becomes just this sort of baggy catchall itself for any form of sexual dissidents or difference, or specificity. That's not caught up in those other more recognizable terms, however, complicated. They may be on closer inquiry when you think about doing a kind of work that we call queer theory do feel obliged to define queer itself, this term I do in that. I, I, I hear what you're saying about it, it can sort of mean anything dissident or anything constructive, and sort of stopped, meaning anything at all. And so, for instance, in my second book time, binds, you know, I, I hear pretty closely to an idea that queer ought to have something to do with sex, you know that we can expand our definition of sex. We can find things are kind of. Recognizable as sex in queer theory. But that there's there's has to be some has have something to do with, with bodies and their contact the imagination about what we can do with bodies. I think there's another version of queer that, that, you know, it means a kind of relentless questioning of hetero. Normativity the idea that Hutter sexuality is natural and inevitable that may not always mean sucks. And I'm kind of, you know, I, I'd like to hold that intellectual space open as well. But I think that's always been the trick is to have a definition of career. That's Kapatid's enough to do unpredictable kinds of work, but not so capitus that it can mean everything. So in not book, if we can talk about practicalities for a minute booking time, binds that you alluded to your second book, you're talking in part about notions of time notions of chronology to, to some extent your argument. There is a critique of what you call krono normativity. I think that's the term you're using this, this notion that the ways that we can construct the schedules, according to which we're supposed to live our lives from birth through maturation to marriage..

Douglas crimp Judith Butler Sedgwick Audrey Lord Moraga Lori Fulco Derrida Kapatid Hutter
"fulco" Discussed on 860AM The Answer

860AM The Answer

05:59 min | 2 years ago

"fulco" Discussed on 860AM The Answer

"Dr. In the house on America. First. I was just thinking as his father was leaving with regards to this article about Yale. William Buckley's career began with his essay, which was turned into book nine hundred fifty one God man at Yale talking about how they'd become a completely secular organization, the antithesis of their founding and this still doing it. And now it's tantamount to being discriminatory and persecuting those who believe in Jesus, it's incredible. Believable back to your calls Fulco board and look judy's back line four Judy in Brooklyn. Welcome back. Thank you. I missed you. I hope you miss me. I miss all my callers our there. You are. You're so smart. You're so diplomatic. And you're so sincere, and I love I love your show. Totally love your show. My best talk radio show host one one of them. Who is this woman? One of one of the best seriously. What did you call today? Okay. You tie you tied first place. How's that? Better. Okay. So listen, Dr Gorka, first of all, you know, I didn't want to say this, but listening to the priests that you were talking to I liked what he was saying. I would love to hear more of what he had to say. So yes, I think God wants I think God wants all of us to live in peace, and harmony, that's what I think God wants for all of us. He wants us to live. Truthfully. That's what he wants peace yet. Now. Okay. Piece. It's true. Okay. Remember, what happened to the first the first Christians? They were thrown to the lions because they were committed to truth about pace. It's about truth. Okay. What next peace and harmony, then is part of truth. I think I don't know. Okay. I'm crying really about the size of judges. But before that, you were talking about Omar congresswoman, Omar, and I think to myself that they say, you can judge people by the friends you keep you know, and the people that you hang out with and so one of her best friends is Louis Farrakhan this. So, you know, well, not only that President Obama that incredible story of a photograph taken of President Obama with Louis Farrakhan that was sat on for eight years while he was president because the photographer was told you can't release photograph. Yeah. That's the left and Pfizer. Judges judy. I need to get two other calls. Tell me about five hundred judges. Okay. So the dossier has been a lie from the beginning. We even know that because James Comey himself. From the beginning admitted that he never vetted it, and it wasn't substantiated. Ally. So here this is my question. So I've always been wondering next thing. So after that, that's how they got these warriors who are the size of judges understand that judge Roberts has a plea points twelve five judges, but quite frankly, Dr Gorka who looks over their shoulders because you know, pita stroke with Lisa page on the emails. They were saying they're gonna wine and dine Rudy Giuliani different. Judge FIS a judge and they got a learn from him. And then I remember reading or hearing that he recused himself. So quite frankly, who are these five the judges great question. We will get expert Kanka Klaus get to answer that question. All we know is that they all secret their identities are secret. And that the Pfizer judge who issued the first warrant against Carter page was very very angry when he found out what that dossier was about. And that it had been fabricated. Thank you, Judy. Thanks for calling in. Let's go to line. Five waiting a long time in Pasadena, rich. Welcome aboard. God bless you. I'm a preacher here in Pasadena. What's your know? I'm praying for you. Thank you kindly, pray for not just maybe pray for the president his family. But thank you all the time. And that's what's prayer is the great engine of this presidency and our nation. Indeed. But that's not why call rich, right? It's not why call but I wanted to say miss the biggest single scam scandal in American history. I think you'd agree with that. Right. I think it's I think it's the largest political scandal. Yes, we've had president Kennedy assassinated, but I think it does a political scandal. This one is the biggest in our history. Correct. Karl rove indicated that he wants to move on. Oh my God. When I saw that. I may get responded. Why would you why would you want to do that just when we find out that it's completely bogus? There will be no charges no prosecutions of collusion. And then a so-called conservative figure says let's move on. What's going on? What's going on? Sebastian. We are doing as a nation. If we do not handle this. I'm just here to tell you we need to get this handled. Then we are going to repeat this same thing. What you've heard that before? I I'd say, but that's what's going to happen and the best way to defeat the ongoing narrative of the dams which will be oh, they're hiding something is to shine the light of this this scandal and show that it was created out of whole cloth that will defeat that narrative. Look where we are not doomed where America we have enough patriots to make sure that we get to the bottom of the truth. Thank you rich for calling. And we will I think the tide has already turned. Let's actually listen to the former mayor of New York America's mayor Rudy Giuliani who was on with judge Janine this Saturday. It's the real question. That is the question we have to answer now cut for what they did here. I believe over the next.

president judy Rudy Giuliani America Dr Gorka Louis Farrakhan Yale Pfizer William Buckley Obama Fulco James Comey Pasadena lions Omar Karl rove Kanka Klaus Brooklyn
"fulco" Discussed on NFL: The Dave Dameshek Football Program

NFL: The Dave Dameshek Football Program

02:35 min | 2 years ago

"fulco" Discussed on NFL: The Dave Dameshek Football Program

"Well, you just don't want to be humiliated in on television or talked about on television. And I think what Baker Mayfield is doing is great for the Browns because he's giving them confidence at swagger. But then he's also putting that Brown's team on alert to other teams right leg up. All right now. You know, if the Browns beat you going to be on go, go have them all over the news. And he's going to be top story. And so you gotta make sure that you're on your game. I think you saw that with the Houston, Texas. I wanna talk about the by the way, though with the Browns winning. That is a good result. You do not want the Browns to catch fire to the degree that they win out or something close to that. Because if you're Browns fan, you do not want Greg Williams your head coach, I loved Dido, stop it. He's he's a leader of men easy. Yeah. Okay. Any who lets the another quarterback situation that really fascinates me in the AFC north? I know you and I both like Lamar Jackson coming into that situation. But now it sets up for a really wonky completion to Joe flacco era as far as I'm really I think Joe's done think Lamar Jackson is long as he continues to win. They're going to have to play them out there finding ways or defensive standing up the running the ball will Lamar gives that extra element where they have to account for. So he's allowing other guys break long runs, and he's still, you know, he's still learning the passing game, and he's using his arm. They're they're getting more involved there. But is over for Joe. And guess what? There's a bunch of teams in Florida that need a quarterback. I see Georgia paid see it's I think that's easy to say. We'll Joe flacco just move on and be the starting quarterback somewhere else. But how many situations looking around the thirty two NFL teams? How many teams can you rightly say would be upgraded accu- be by adding Joe flacco not the Jags. He doesn't he doesn't give them what they need those. He throws the ball. He could read cover. Disney throws the ball will. That's what you want us one of quarterback. Remember the Jags defense or something to that? Baltimore Ravens defense. He's one of quarterback that can continue drives Blake Boorda's inconsistent with that not to say that he can't do it. He's you know, this league's about consistency. So when you're inconsistent. We have to move Fulco flag goes not consistent. That's our consistent in Blake though. I think that would be jumping from the frying pan. You have or Tampa did flack, and then you have New York, you don't think famous James. Has little right on the thing. I would hope that they would keep James Winston. But they didn't give him the fifth year option..

Joe flacco Browns Jags Lamar Jackson Blake Boorda Baker Mayfield Brown AFC Baltimore Ravens James Winston Houston NFL Tampa Texas Greg Williams flack Georgia Disney Florida Fulco
"fulco" Discussed on The Tiny Meat Gang Podcast

The Tiny Meat Gang Podcast

04:26 min | 2 years ago

"fulco" Discussed on The Tiny Meat Gang Podcast

"Baltimore carbonaro Nashville Atlanta, Orlando Tampa, Dallas Austin. Hell, yeah. You know? It's funny. This the venue that were playing at in car, the cat's cradle it's the same venue that I went and saw you remember. Do you? Remember, you never listen to the dubs said did you not really agai about a pretty big dub set face? Yeah. Did you? Or sophomore year. Yeah. We went and saw Russ Roscoe Rosco go that goes doing. All right. Yeah. Me too got cancer or something. When some he when he was huge like when he first came to America, basically music and everyone was like, oh, yeah. You're this guy from London rescue Rasco? You probably wouldn't hurt them. But he goes up stab you bright around. Now what that is. But heavy bass music he played in North Carolina car borough. And I was like all I'm definitely gone so me, and like three friends drove from Durham, bro and watched. No, actually, it was major lazer was the second person that I ever saw at that venue. And then saw them both Rusco open for major lazer. That's what it was. And what this was one major lazer was like diplo and switch, and it was two of them DJ in suits. And then they had like the. Caribbean dancers. Yeah. Just going ape shit on the stage. Right. Like the dude. Set up a ladder jumped off the ladder dagger, basically air. Yeah. Yeah. Anyways. He he jumped up and grabbed one of the speakers one of the giant speakers those hanging in the corner. And we were all standing right underneath that. We were like front row, and it just like swung and some of the dust from the roof like from where it was hands on a roof light came on. We were like we all would have fucked. If that like the like a little bit more force on it. If it came down, we would've splattered on the ground sick. So loud of the love that for us. Yeah. Love that. Anyway. Yeah. Was I don't know random number anyways. Turn my phone off those annoying. Anyways. Dude memories, you know, memories it now, we're going back there, the cat's cradle and carbo. I think I think that's what it is. I don't know. Don't quote me on that car hit hit someone car to their lay. Dude, come to rally next time. I'm like did carber this time. It's not that far. Yeah. Make the drive rather. Just funny like the it's like the number one response to a tour announcement, I always thought like, oh, we now the tour people are going to delve. You're coming my city WNYC ninety percent of the comments or folk folk what does she why are you coming to Moscow? Man, Moscow people always get fucked over. I understand all our LA people being upset though, we already done we've already done two shows almost two years ago. What the very first LA LA, Orange County. Does not LA. It can't. Yeah. I guess it doesn't really count. Nobody fucking drives. Not like. Yeah. We haven't been to like LA LA in a minute. No. We did a show there a year ago was more than a year ago. Is it? Yeah. No. Because it can't be. It was our podcast was that only in December knows October. And we took it on a whim. Oh, yeah. Yeah. I mean. Yeah. I mean, so. Yeah. Not to like get a get bitten in the ass. But we're hoping some places get added. Yeah. I talked to him today. And he was like he was like we'll see what we can do. Yeah. We're hoping some places. Oh, man. And and also for my Canadian people. I'm sorry. So many comments being Fulco would focus over not loyal to Canada. Now, I am loyalty you guys. I'm I'm going to be going through visa shit. Then so I can't technically leave the country. Yeah. So the bit business thing man, the back end and like just set Nishit of raising now man speaking to travel into house your house your race. It was good. It was good. It was fun. Yeah. Yeah. I mean. Yeah. It was good. It was like one way better than I thought. No, I didn't train like nearly enough as I should have which is the same place. I was in last year the. Tangent. So go by ticket. Yeah. Sure. Like ADD? Yeah. Yeah. Yeah. Buy tickets are on sale right now, if you're listening to.

Russ Roscoe Rosco LA LA dubs LA Durham North Carolina Baltimore Fulco London Moscow cancer Nashville WNYC America Austin Nishit Canada Tampa Dallas
"fulco" Discussed on WAFS Biz 1190

WAFS Biz 1190

10:36 min | 3 years ago

"fulco" Discussed on WAFS Biz 1190

"On air and take talk on Twitter, powered by more than twenty seven hundred journalists and Allison more than one hundred twenty countries. I'm deborah. This is Bloomberg get over to recite Salamat now for a look at the markets rish. Thanks ever looking. What's happening that we turned to that makes headed into the lunch break right here at home going to sing currently a decline just as we went into that of about a half of one percent. But elsewhere the sense that coming online just about forty five minutes ago up about seven tenths of one percent Singapore's a bit down New Zealand close that with the four tenths of one percent full-back that just generally speaking. It's a day where we've had very little movement won the currency markets in particular. Don't see that much on the foreign exchanges. Yen still holding another one hundred twelve handle. That Nikkei and a bit more detail as it's just up about one third of one percent. We will up much higher than look at some of the constituent movers that Takeda pharmaceutical one stop moving to the upside as well there we have it self Bank to two thirds of one percent up after yesterday's seven percent or thereabouts fool that we did see that was down to its relationship with Saudi Arabia. Of course, my son has an vision to fund which was going to invest in. That's got some investors scared that SoftBank could end up falling shy of the stated goal of that. One hundred billion dollars is perhaps other entrance. Put in the money that they were going to because of this how the US spat to the moment taking place. Look at some of those movies here as we went into that lunch break here in China. These energy Stokes moving to the the game. This is down to the oil price. That's helping them and also refinery margins being seen as being higher particularly in sign up moving to those coal companies. We're going to have the best because we have a research report out suggesting that we will be seeing a bit of robust price action Fulco as a result. That'd be having been helping to buoy up the market, generally speaking, I here in Hong Kong. There. We have it for the time being these mixed racial. A little bit mixed on that front. Let's get into some of the other corporate themes and specifically on what's happening with Chinese airline stocks down today. What's driving that? Horrible time for spring at four percent down. We've got a two point six percent fullback for China Eastern. Moga Sunday coming out early on with a note saying that these companies are going to be hit with a double whammy, not only are they being here with the high parts with don't forget, we've had this declined for the you one to and as a result, the prices of the biggest fix. I said I e fuel prices is likely to go up, and that's actually eat into their earnings results. They've downgraded the innings forecasts. And indeed also downgraded the share price targets as well for these companies. And and here's the result in the red. Thank you very much for that. Over your show. Let's get back to our top story. This part of the world Saudi Crown prince Mohammad bin Salman, economic strategy set to make investment in the kingdom's main engine of economic growth rotter, then government spending. But the disappearance of the Saudi journalists Jamaica show, she could of course, frustrate these bishops here to discuss the latest development in more detail or each hockey, the head of Meena research Bloomberg's economics chief at Middle East economists zero thank you both generally start with you. And the initial reaction we saw in equity markets, and so the other asset class we have a fabulous charts in our chart library GDP gopher our clients that shows what's been happening with Saudi twelve months forwards, which is an excellent metric risk perception beyond traditional equity and bond markets, exceeded spike, spike to a level that we haven't seen in about two years. How do we quantify the damage this being done to foreign investor confidence? Look it's very difficult to quantify because. There's still a lot of uncertainty about how this is going to play out. But one of the easiest ways to look at this look at the CDS spreads. And if we look at the five year CDS spreads again after a really nice rally in September. We've seen a spike up to over one hundred basis points in the last couple of days it's come back a bit to about ninety but it's still significantly higher than it was at the end of September. And that really reflecting risk aversion on the part of fixed income investors in particular, not generally is a is a very good proxy Citius January is a proxy for country risk. Yeah. And I came back to form came back to life. Yes. We could teach you say, let's welcome dude into conversation. You wrote a piece overnight Ziauddin you focus on two critical. Parts of the story for Saudi Arabia. One is FDI which was battered last year, which also talk about investment spending your latest thinking because it doesn't look good. Sure. So the main idea of this added transformation plan is to replace government spending with investment because the government can no longer funnest is investments. Spending is spending with with all prices. The issue is deal has been declining in recent years. And we have the multiple episodes of things are happening, which will impact the foreign investors. Confidence in Saudi Arabia. We've had the risk episode, which if you're a foreign investor you need a local partner, he don't have. They can get caught up in another anti-corruption affair we've had the spat with Canada and Germany Societa foreign invest have their own nationality might be shut out of investments in Saudi Arabia. And we have the latest episode which presents some form reputational risk for foreign companies. And that's why we're seeing them pulling out of the feature investment initiative comprehensively up next week. As far as you're concerned. I mean, yes, we're seeing the reaction for example in some of the bond yields as well in Saudi Arabia. You're not seeing necessarily a change in the wider outlook for economic growth. I mean, that's what you research points. That's right. So we actually just published now clue piece on Thursday last week, highlighting why we think actually growth is going accelerates in the kingdom this year and next year and the two drivers for that. High oil production and more government spending. Now, the vision twenty thirty of course, was looking at boosting FDI as a way of generating jobs and and diversifying the economy. But we haven't built that into our short-term forecast, that's very much a medium-term plan. So at this stage, we don't see any reason to downgrade outgrowth forecasts for the next twelve to eighteen months because we had not assumed any significant inflow in FDI in that short term period. But certainly from a medium-term perspective any events or developments that puts that drive to attract FDI into the kingdom at risk is then gonna affect the long term growth prospects. Be secretary wants the fact she was actually see the FDI come in. You have very hard numbers in terms of the distance between what was the ambition. I think I called it a ground economic plan. I think I can't contagious ball vision. Twenty thirty of course, some targets for twenty twenty. He's got how many jobs to create an? How dependent is it on FDI? Well. Well, let's talk about FDI I declined significantly in two thousand and new story. Exactly. And according to data and the crown perception you mentioned that in the Bloomberg. But he also mentioned that he expects that to go by ninety percent in two thousand eighteen now if something comes down by eighty percent and goes up by ninety percent is still a lot in this down. So we expect to even the predictions of the crown prince are, correct. And that will go up to two points that sent the much two point seven billion dollars. The much lower than the level in two thousand and sixteen to seven point five miles away from eighteen point seven billion dollars that they aim to get by twenty twenty. I mean, Europeans also talks about to new risks for foreign investors. One is being caught up in a anti corruption probe domestically. And then the other would be that the country falls out with another country would major ramifications for investors. Yeah. Absolutely. So from prospective foreign investors. If you want to invest in Saudi Arabia. You previously had to contend with issues like restricted labor relations business environment stagnant economic growth after two thousand fourteen but today have Morris you have to worry about your local partner, and what they're going to get caught up and another risk cult in episode. You have to worry about again geopolitical spat with with country, and then you have to worry about your popular backlash if the allegations against shop job, proven, correct? There's the stock of issues that Mohammed bin Salman has got to deal with for you from the economic point of view. They are being helped a great deal by the price of oil. Does that from an economic point of view put off? The the worst case scenario in terms of the happy with seventy eighty dollars aren't worries they're fiscal break. Even at the moment. Is it getting better? This is slipping slipping a bit. So when they had the cuts to the budget in two thousand sixteen we saw the break even price four to probably the mid sixties now estimates backup to close seventy five eighty dollars a barrel, which is kind of where we are. We are still expecting small deficit in two thousand eighteen even with oil prices where they are when you look at the average for the year, it's closer to seventy five eighty five but going ahead. Absolutely. A higher. Oil price reduces a lot of the short term impact for government spending and for the economy. So if you have weaker than expected foreign direct investment in two thousand nineteen there is room for the government to increase spending from its own budget given significantly higher revenues than perhaps they had expected a year ago. So this has provided a bit of breathing room. But what we're saying is the recovery that we're expecting in terms of GDP growth for Saudi Arabia is now a cyclical oil driven recovery. It's not reflecting a structural change in the drivers of growth and. Ultimately that is the aim of the vision twenty thirty s to actually move away from oil is being the main driver of the economy to investment and the non oil sector, and we haven't seen any indication of that yet. And so yes, you know, you can look at the short term African say, regardless of foreign direct investment. This economy is going to continue to grow government spending coming in there isn't equity available to invest domestically from the kingdom itself. But when you look beyond that, you're still vulnerable to oil price shocks, and those are going to continues to happen. Yes. In data, and you do make the point that they know or sector has improved two point one percent up for one and a half percent, but nowhere near the level that you would probably maintain they need. Thank you very much. Great conversation. Economic chief Middle East, a communist Katina Huck. Of course stays with us on the show. More to get from cotija coming up on the show, the UAE bats on.

Saudi Arabia Bloomberg twenty twenty Middle East world Saudi Crown prince Mohammad bin Salman Takeda pharmaceutical SoftBank Twitter partner Hong Kong Nikkei Fulco China US Singapore Salamat
"fulco" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

09:43 min | 3 years ago

"fulco" Discussed on Bloomberg Radio New York

"Takeda pharmaceutical one stop moving to the as well there. We have self Bank to two thirds of one percent up after yesterday's seven percent or thereabouts full that we did see that was to its relationship with Saudi Arabia. Of course, your son has an his vision to fund which Saudi Arabia was gonna invest in. That's got some investors scared that SoftBank could is you end up falling shy of the stated goal of that one hundred billion dollars is perhaps other entrance. I don't actually put in the money that they were going to because of the Saudi and US to the moment taking place. Let's look at some of those movies here as we went into that lunch break here in China, these energy Stokes moving to the upside down to the oil price, that's helping them and also refinery margins being seen as being higher particularly in sign up like moving to those coal companies. We're gonna have at those because we have a research report out suggesting that we will be seeing a bit of robust price action Fulco as a result of having been helping to buoy the market generally speaking, I here in Hong Kong for the time being these remakes racial a little bit mixed on that front. Let's get into some of the other corporate themes and specifically on what's happening with Chinese airline stocks down today. What's driving that? The horrible time for spring is four percent down. We've got a two point six percent fullback for China Eastern Moga Stanley coming out early on with a note saying that these companies are going to be hit with a double whammy, not only are they being here with the high parts with don't forget we've had this declined to and as a result the prices of their biggest fix asset. I e fuel prices is likely to go up, and that's actually eat into their earnings as a result. They've downgraded the innings forecasts. And indeed also downgraded the share price targets as well for these companies. And and here's the result in the red. Thank you very much for that. Over your ratio. Let's get back to our top story. This part of the world Saudi Crown prince Mohammad bin Salman, economic strategy set to make investment in the kingdom's main engine of economic growth rather than government spending. But the disappearance of the Saudi journalists Jamaica show G could of course, frustrate these ambitions here to discuss the latest developments in more detail or could feature honky head of Meena research and Bloomberg's economics chief at Middle East. Economists would thank you both. Let me start with you. And the initial reaction we saw in equity markets, and so the other asset class, we fabulous chart in our chart library GT go for our clients that chose what's been happening with Saudi we all twelve months four, which which is an excellent metric risk perception beyond traditional equity and bond markets, exceeded spike, spike to a level that we haven't seen in about two years. How do we quantify the damage that's being done to foreign investor confidence? It's very difficult to quantify because. There's still a lot of uncertainty about how this is going to play out. But one of the easiest ways to look at it look at the CDS birds, and if we look at the five year CDs spreads again after a really nice rally in September. We've seen a spike up to over one hundred basis points in the last couple of days it's come back a bit to about ninety but it's still significantly higher than it was at the end of September. And that really reflecting risk aversion on the part of fixing investors in particular. Not generally is a is a very good proxy CVS January is a proxy for country risk. And I came back to form came back to life. Yes, we could teach you stay with us. Let's welcome dude into conversation. You wrote a piece overnight Ziauddin you focused on two critical. Parts of the story for Saudi Arabia. One is FDI which was battered last year, which also talk about investment spending you latest thinking because it doesn't look good. Sure. So the main idea of decided transformation plan is to replace government spending with investment because the government can no longer funnest is investments. Spending spending with with all prices. The issue is FDA has been declining recent years, and we have the multiple episodes of things are happening, which will impact the foreign investors. Confidence in Saudi Arabia. We've had the risk episode, which if you're a foreign investor you need a local partner, he they can get caught up in another anti corruption affair we've had the spat with Canada and Germany such a foreign investor only have their own nationality mardi shutout of investments in Saudi Arabia. And we have the latest episode which presents some former petition risks for foreign companies. And that's why we're seeing them pulling out of the feature finished comprehensively up next week. As far as you're concerned. I mean, yes, we're seeing the reaction for example in some of the bond yields as well in Saudi Arabia. You're not seeing necessarily a change in the wider outlook for economic growth. I mean, that's what you research points. That's right. So we actually just published now outlook piece on Thursday last week, highlighting why we think actually growth is going to accelerate in the kingdom this year next year and the two drivers for that. High oil production and more government spending. Now, the the vision twenty thirty of course, was looking at boosting FDI as a way of generating jobs and and diversifying the economy. But we haven't built that into short short-term forecasts, that's very much a medium-term plan. So at this stage, we don't see any reason to downgrade outgrowth forecast for the next twelve to eighteen months because we had not assumed any significant inflow in FDI in that short term period. But Secondly, from a medium-term perspective any events or developments that puts that try to attract FDI into the kingdom at risk is is then gonna affect the long term growth prospects of the teacher wants the fact she was actually see the FDI come in. You have very hard numbers in terms of the distance between what was the ambition. I think I called it a ground economic plan. I think I think contagion ball was vision twenty thirty of course, some targets for twenty twenty. He's got how many jobs to create? Hi, dependent is it on FDI. Well, let's talk about FDI, I declined significantly in two thousand and Gordon to your story. Exactly. And according to data and the perception you mentioned that into your Bloomberg. But he also mentioned that he expects that to go by ninety percent in two thousand eighteen now something comes down by eighty percent and goes up by ninety percent is still a lot in this down. So we expect to even be projections of the crown prince correct in that will go up to two point seven percent that's much two point seven billion dollars thus much lower than the level in two thousand and sixteen or seven point five miles away from eighteen point seven billion dollar the aim to get by twenty twenty. I mean, European also talks about to new risks for foreign investors. One is being caught up in a anti corruption probe domestically. And then the other would be that the country falls out with another country would major ramifications for investors. Yeah. Absolutely. So from perspective foreign investors if he wanted. Invest in Saudi Arabia Pugh. Previously had to contend with issues like restricted labor relations business environment stagnant economic growth after two thousand fourteen but today, you have Morris you have to worry about your local partner. They're going to get caught up and another risk of in episode. You have to worry about again geopolitical spat with with country, and then you have to worry about your popular backlash if the allegations against shop job, proven, correct? There's the stock of issues that Mohammed bin Salman has got to deal with for you from the economic point of view. They are being helped a great deal by the price of what does that from an economic point of view put off the worst case scenario in terms of growth Katiba the happy with seventy to eighty dollars, whereas they're fiscal break. Even at the moment is it getting better is slipping a bit. So when they have the cuts to the budget in two thousand sixteen we saw the break even price full to probably the mid sixties. We now estimates backup to close to seventy five eighty dollars a barrel. Which is kind of where we are. We are still expecting a small deficit in two thousand eighteen even with oil prices where they are extremely look at the average for the year. It's closer to seventy five eighty five but going ahead. Absolutely. A higher. Oil price reduces a lot of the short term impact for government spending and for the economy. So if you had weaker-than-expected foreign direct investment in two thousand nineteen there is room. For the government to increase spending from its own budget given significantly higher revenues than perhaps they had expected a year ago. So this has provided a bit of breathing room. But what we're saying is the the recovery that we're expecting in terms of GDP growth for Saudi Arabia is now cyclical oil driven recovery. It's not reflecting a structural change in the drivers of growth, and ultimately that is the aim of the vision twenty thirty s actually move away from oil is being the main driver of the economy to investment and the non-oil sector, and we haven't seen any indication of that yet. And so yes, you know, you can look at the short term African say, regardless of foreign direct investment. The economy is going to continue to grow government spending coming in there is an equity available to invest domestically from the kingdom itself. But when you look beyond that, you're still vulnerable to oil price shocks, and those are going to happen. Yes. In data. You do make the point that no known was actor has improved two point one percent up for one and a half. But it's nowhere near the level that you would probably maintain they need. Thank you very much. Great conversation. Our Bloomberg economic chief Middle East, economists Katina Huck, of course, it stays with us on the show. More to get from cotija coming up on the show. The.

Saudi Arabia Bloomberg China world Saudi Crown twenty twenty Middle East prince Mohammad bin Salman Takeda pharmaceutical SoftBank US Fulco partner Hong Kong Stokes CDS Ziauddin
"fulco" Discussed on WAFS Biz 1190

WAFS Biz 1190

09:41 min | 3 years ago

"fulco" Discussed on WAFS Biz 1190

"One stop moving to the upside as well there, we have it self Bank to two thirds of one percent up after yesterday's seven percent or thereabouts full that we did see that was down to its relationship with Saudi Arabia. Of course, my son has an his vision to fund which is on the radio was going to invest in. That's got some investors scared that SoftBank could is you end up falling shy of the stated goal of that. One hundred billion dollars is perhaps other entrance that don't actually put in the money that they were going to because of this Saudi and US spat to the moment taking place. Look at some of those movies here as we went into lunch break here in China, these energy Stokes moving to the upside down to the oil price, that's helping them and also refinery margins being seen as being higher particularly in sign it like moving to those coal companies. We're going to be the best because we have a research report out suggesting that we will be seeing a bit of robust price action Fulco as a result of it having been helping to buoy up the market, generally speaking, I here in Hong Kong for the time being at least when mixed racial a little bit mixed on that front. Let's get into some of the other corporate themes specifically on what's happening with Chinese airline stocks down today. What's driving that? Horrible time for spring allies. Eighty four percent down. We've got to two point six percent full bag for China Eastern. Mogo Sunday coming out with a note saying that these companies are going to be hit with a double whammy, not only are they being here with the high parts, but don't forget we've had this declined for the you want to and as a result the prices of their biggest fix. I said fuel prices is likely to go up, and that's actually eat into their earnings results. They've downgraded innings forecasts. And indeed also downgraded the share price targets as well for these companies. And and here's the result in the red. Thank you very much for that. Over your ratio. Let's get back to our top story. This part of the world Saudi Crown prince Mohammad bin some men's economic strategy set to make investment in the kingdom's main engine of economic growth rotter, then government spending. But this appearance of the Saudi journalists Jamaica kashogi could of course, frustrate these ambitious here to discuss the latest development in more detail or hockey the head of Meena research. Bloomberg's economics chief at Middle East economists. Thank you both. Have you told me start with you? And the initial reaction we saw in equity markets, and so the other asset class we have a fabulous chart in our chart library go for our clients that shows what's been happening with Saudi all twelve months forwards, which is an excellent metric force risk perception beyond traditional equity and bond markets, exceeded spike, spike to a level that we haven't seen in about two years. How do we quantify the damage this being done to foreign investor confidence? It's very difficult to quantify because there's still a lot of uncertainty about how this is going to play out. But one of the easiest ways to look at it. This look at the CDS birds, and if we look at the five year CDS spreads again after really nice rally in September. We've seen a spike up to over one hundred basis points in the last couple of days it's come back a bit to about ninety but it's still significantly higher than it was at the end of September. And that really were flexing risk aversion on the part of fixed income investors in particular, not generally. Is a is a very good proxy city. Generally is a proxy for country risk. Yeah. And I came back to form came back to life. Yes. We could stay with us. Let's welcome dude. Into the conversation. You wrote a piece overnight Ziauddin you focused on two critical. Parts of the story for Saudi Arabia. One is FDI which was battered last year. Would you also talk about investment spending you latest thinking because it doesn't look good. Sure. So the main idea of this the transformation plan is to replace government spending with investment because the government can no longer funnest is investment spending is spending with with all prices. The issue is deal has been declining in recent years. And we have the multiple episodes of things are happening, which will impact the foreign investors. Confidence in Saudi Arabia. We've had the risk episode, which if you're a foreign investor you need a local partner, and they can get caught up in another anti corruption affair we've had the spat with Canada and Germany. Associated foreign invest have their own nationality might be shut out of investments in Saudi Arabia. And we have the latest episode which presents some former petitional risks for foreign companies. And that's why we're seeing them pulling out of the feature investment initiative conference next week. As far as you're concerned. Yes, we're seeing the reaction for example in some of the bond yields as well in Saudi Arabia. You're not seeing necessarily a change in the wider outlook for economic growth. I mean, that's what you research points. That's right. So we actually just published an outlook piece on Thursday last week, highlighting why we think actually growth is going to accelerate in the kingdom this year next year and the two drivers for that. High oil production and more government spending. Now, the the vision twenty thirty of course, was looking at boosting FDI as a way of generating jobs and diversifying the economy. But we haven't built that into our short-term forecast, that's very much a medium-term plan. So at this stage, we don't see any reason to downgrade outgrowth full costs for the next twelve to eighteen months because we had not assumed any significant inflow in FDI in that short term period. But Secondly from a medium-term perspective any events or developments that puts that drive to attract after guy into the kingdom at risk is then going to affect the long-term growth prospects of becoming secretary wants the facts was actually see the FDI come in. You have very hard numbers in terms of the distance between. What was the Embiid? I think I called it a ground economic plan. I think I can't contagion ball vision. Twenty thirty of course, some targets for twenty twenty. He's got how many jobs to create? Hi, dependent is it on FDI. Well, let's talk about FDI I declined significantly in two thousand and Santa coordinator story, exactly. And according to data and the perception mentioned that then to Bloomberg. But he also mentioned that he expects that to go by ninety percent in two thousand eighteen now if something comes down by eighty percent and goes up by ninety percent is still a lot in this down. So we expect to even be projections of the crown prince, correct? And that will go up to two point seven percent. That's much. Two point seven billion dollars over three thousand eight hundred thus much lower than the level in two thousand and sixteen to seven point five miles away from eighteen point seven billion dollars the aim to get by twenty twenty. I mean is the European also talks about to new risks for foreign investors? One is being caught up in a anti corruption probe domestically. And then the other would be that the country falls out with another country would major ramifications for investors. He absolutely so from prospective foreign investors. If you want to invest in Saudi Arabia Pugh previously had to contend with issues like restricted labor relations the business environment stagnant economic growth after two thousand fourteen but today, you have more you have to worry about your local partner. Whether they're going to get caught up and another risk of an episode. You have to worry about, you know, again geopolitical spat with with country, and then you have to worry about your popular backlash if the allegations. I shop job proven, correct. There's the stock of issues that Mohammed bin Salman has got to deal with for you from the economic point of view. They are being helped a great deal by the price of oil. Does that from an economic point of view put off the, you know, the worst case scenario in terms of growth continue the happy was seventy to eighty dollars aren't they worries? They're fiscal break. Even at the moment. Is it getting better slipping slipping a bit? So when they had the cuts to the budget in two thousand sixteen we saw the break even price four to probably the mid sixties. We now estimates backup to close to seventy five eighty dollars a barrel. Which is kind of where we are. We are still expecting a small deficit in two thousand eighteen even with oil prices where they are you look at the average for the year, it's closer to seventy five eighty five but going ahead. Absolutely. A high oil price reduces a lot of the short term impact for government spending and for the economy. So if you have weaker-than-expected foreign direct investment in two thousand nineteen there is room for the government. To increase spending on its own budget given significantly higher revenues that perhaps they had expected a year ago. So this has provided a bit of breathing room. But what we're saying is the the the recovery that we're expecting in terms of GDP growth for Saudi Arabia is now cyclical oil driven recovery. It's not reflecting a structural change in the drivers of growth, and ultimately that is the aim of the vision twenty thirty s to actually move away from oil is being the main driver of the economy to investment and the non-oil sexy. And we haven't seen any indication of that yet. And so yes, you know, you can look at the short term African say, regardless of foreign direct investment. The economy is going to continue to grow government spending coming in there is an equity available to invest domestically frenetic the kingdom itself. But when you look beyond that, you're still vulnerable to oil price shocks, and those are going to continues to happen. Yes. In data. You do make the point that they known or actor has improved two point one percent for one and a half percent. But it's. Nowhere near the level that you would probably maintain they need. Thank you very much. Great conversation. Bloomberg economic chief Middle East, economists continue Huck, of course, it stays with us on the show. More get from cotija coming.

Saudi Arabia Bloomberg world Saudi Crown Middle East twenty twenty SoftBank US Fulco China Eastern Hong Kong partner China Stokes CDS Jamaica Ziauddin
"fulco" Discussed on Talk 650 KSTE

Talk 650 KSTE

05:26 min | 3 years ago

"fulco" Discussed on Talk 650 KSTE

"Thing. All right. So you're saying as an artist you could create something that has no meaning, but it is only when it's used as a critique. That it starts to get into trouble. Okay. Wonderful. Very fun. Hey. They're not the same. Great. Okay. So tell me how it where it grew. And how it grabbed us by the throat or university systems. The the original smugness, though, just a small group is very very prolific in the late sixties, including. Folly top doll job and. And they can't get the. At the same time with the same message that they were disillusioned with the Muslim period, they would disillusioned with Marxism. And they would disillusioned with religion and institutions, and they they thought that these old. Big comfortable understanding of things that just pop this coming off the walls before them by. Oldies for the second teas were crumbling and. Detroit to instead all the things that we saw which actually took this to a new level. And he said, no. The reality TV's, not something we find it's something that we make. And we make it in the suburbs of power. So it is powerful groups which has decided for us what he's trade. And these are understood to be what percent men, and they should be. It should be pick. When not. They didn't have a particular political goal. They were certainly lifted, but they want that they were generally quite aimless. They wanted to do sort of the poll showed problems with it. It wasn't until the late eighteenth early nineteenth. When I lost of feminists and quick police series six at trysted taking everything about is. All good, and well, yes, we need to be construct saying, yes, we need to see that everything is socially constructed. But we have to have some kind of reality. If we're going to attract anything, we cannot play pool address and sexism against winning next. We agree that women are saying that experience things in certain times and places. So there was a change hit to bring back some kind of objective reality. And that was systems. Oh, empower that could then be analyzed. But very subjectively from the perspective of experience. And we'd the assumption that we are always looking at a power imbalance in any interaction between different. Okay. So can let me let me let me go back. And because I think people might be thinking why are we talking about Postmodernism? How does it relate to my life? This. I believe is critical in two if you don't understand this, or at least have a basic handle on it. You don't know what you're fighting. You don't know. What's really happening? You don't know. Who's behind a lot of this? Or what the theories are behind it? So let me let me I say Postmodernism the modern world is the world that was created that chased out the dark ages. It was the it's the world created by the enlightenment of of science and reason and period empirical evidence, and in even I mean when you hear people say mathematics is racist. This is because we're there trying to deconstruct anything that holds the modern world together is that correct? Yeah. So that they they think that it has been constructed on family that a lot of points. He has been left out. And this relate somehow to a lot of knowledge is I take the has a problem with the idea that then irrational, and I'm impera cool. Is that the property of women all around? The white people say that that is that is how it works. Okay. I'm gonna take you before we move forward. I wanna take you back. One more step. I'm going to take a break. And then we come back. The I'd like you to help me on this. Because it's my understanding that dare Don Fulco came over to the United States that this was really kind of shaped in frustration from the nineteen sixty eight Paris riots, and in frustration that they're not gonna be able to take this whole thing down and less may take it all down. They gotta take all the systems down. They're not gonna win through culture. And that it was that it was actually much more strategic in its. Planting of a virus? If you will. And I'd love to hear your take on that. If that's true or not when we come.

Don Fulco Detroit United States Paris
"fulco" Discussed on Swiss and Chips

Swiss and Chips

02:37 min | 3 years ago

"fulco" Discussed on Swiss and Chips

"A voice message was really nice. That was really cool to hear me if you want to do the same by the way, case website, Swiss and chips dot com. A new can record a voice message there. So let's hear from David. Now, the one thing I miss about a true genuine Swiss with report actually two things the first one and what allegation will begin to see zoo degree centigrade or such degrees Fahrenheit, that's inaugural Clemson and the second one, of course, whatever that what Elvis, rather we're going to see snow that being dish Neff, organs. These are two very Swiss elements over whether reports also the phone, these special kind of wind that really does get to you some headaches as well, especially join decently warm days. Now in the u. k. the weather report is very much random as an. I'm so used to the fact that it could be raining when it says it's sunny or it could be sunny when it's raining. I just simply don't carry an umbrella because more often than not the weather reports going to probably get this one wrong as well. Whereas in Switzerland, the weather report is a bit more slightly more predictable and at least know tomorrow. If I'm going to central Zurich, I'm joy have to carry something like an umbrella like that. But still it is still very random. It is still unpredictable and having lived in places outside Switzerland and the UK I've been to other places. Like for example, the far east where the weather report is far more straightforward. Like for example, sun throughout all of autumn and winter -cational snow form, but in Switzerland. And in the u. k. it's so random. Sometimes I feel lazy. I just go outside with a jacket with a hood, and I let the weather do whatever really wants to do. And I think I'm always going to stay pretty much dry sense. Really at level, so David. Yep. Some really interesting points loads of information and yet has maybe just to to say, very in brief. He. Lift in London. Is that right now he's living in China and he lift in Switzerland. So yes, quite an experience. And I think he brings up quite a few points. For example, the there are in Swiss Medio the Switzer Fulco Swiss better forecast. There are some special expressions. You might not hear everywhere. For example, the follow grants. He mentioned which means snow line there is a changing from snow to rain. At which you'll start to get snow. Yeah, exactly. Great now, yeah, that's something we certainly don't normally have in England Malians comment..

David Switzerland Swiss Medio Switzer Fulco Swiss Zurich Clemson England Malians Neff London Elvis China UK
"fulco" Discussed on ESPN FC

ESPN FC

02:01 min | 3 years ago

"fulco" Discussed on ESPN FC

"Shuckers fumiko kifah no longer go keep or a number one number three can you clay the ad who would you start in russia tests tagging on neue stop nunu saw jim doesn't matter who it will start you live has made up his mind that noise fits enough and he'll be the number one and of course you stop i mean i'm this he concedes three goals against saudi arabia on friday night and three of them mistakes there's just no way that no i would go to the world cup and stuff so the decision has already been made only if something really dramatic happens has taken beating number considering the fulco problems that would suggest they signed who would you suggest for next season allison what would you pay for long embarked bounded about yeah you wanna go home check just wishing i had two million trivia wouldn't be by allison but would you be buying shot a one ticket to what seven seven one that was a middle late the family relying very good the wives well wisher happy birthday now to do this questioning rafferty's he's going down espn essay back tomorrow shack office wise birthday alleys traveling to columbus you'll going to win chicago how all be here with trade what are taking friday everyone.

jim saudi arabia allison rafferty columbus chicago russia espn
"fulco" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:42 min | 3 years ago

"fulco" Discussed on Bloomberg Radio New York

"Governing come feeling mixed care uh i think will be all about them to be uh as i call it the courage not to act almost more specific than we tend not to overreact to those uh very strong beta they have been uh every cushions to hottest here come here and station prudent call that and it care will be about uh the decision the communication first and then the decision about two weeks i think the pressure is tricky scale to resist on the basis that going place hunting he could i did too little beat a one the fan and uh as a matter of fact these to be when weight in fulco inflation to be kept before any such debate ridi happened sweeping the come to i think all mild chill june by the late this that would be the right time to have such a big isn't a question to you then that backed the danger is it that so the growth story in the and become so strong that the ecb has to pull back from it says stimulus quicker than was expected world demand challenge for ecb next year would be drug she acknowledged that strong is that grosses looking much stronger but a promise you have a time lapse between the moments grossest reckoning and the moon depletion is reacting to put a jacuzzi was talking about core inflation i agree with him is not just corn fishing if you look at wages if you look at domesticallygenerated inflation all these measures that the ecb looking at more than headline there will still pretty which is the wrong one percent wages are growing by one point seven percent that's very very weak and much weaker than the precrisis average okay gilbert affif headache and so then how will qe come to an antonov expect that until 2019 i mean they're already the governing council that he's going to.

ecb time lapse seven percent one percent two weeks
"fulco" Discussed on Xtra Sports Radio 1300 AM

Xtra Sports Radio 1300 AM

01:56 min | 4 years ago

"fulco" Discussed on Xtra Sports Radio 1300 AM

"Astra's read of the dodgers as we've got five three showman streaming second arranged for the dodgers totti watch probably just for one batter brian granted he got up what it was five rows begun heard ron show evidently they roberts facade even though they're down there close it up we still said borrow out there with iob watch it at maceio beach a little bit inside one dance got a couple of his to dotted rbi struggle of the second of a bit of lukashenko widow at field before chop at the sixth she baloch closure order wracked for these astro ventures were camped out elites doubted judicial or out there well aware here that that is not real sure we're here to lobby get a couple of bad couple back after they just gave a couple up still going to waste ago anwar cancer outside shift on with charter ugly belhadj on the right side sugar low left outfielders basically straightaway slightly to the option against the left former grave and yankee the chihuahua japanese or a strike juichiro on a happy would act corporate jerry davis she thought that ball was low saving davis but muttered shopping entity was ravaged bottle and it caught the bottom of the strike zone i think he never lastinning he he probably caught what he thought was a strike at the bottom at his own for his pitcher chan to outside of fulco.

Astra dodgers maceio beach jerry davis fulco brian ron lukashenko
"fulco" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:35 min | 4 years ago

"fulco" Discussed on Bloomberg Radio New York

"Information 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries this fees radio now a global news update navy search and rescue crews are looking for ten sailors missing after the uss john mccain collided with an oil tanker east of singapore correspondent killed law reports five sailors were injured ten are missing upon impact between the uss mccain and this oil tanker they sailors are believed to have gone overboard in a nationwide address president trump will outline the strategy for the warweary nation of afghanistan correspondent sara murray reports a number of options are possible everything from a full withdrawal to the deployment of up to four thousand more soldiers adding to the more than 8000 american forces already there well the eclipse will start in the few hours nasr's charles fulco is in carbondale illinois an excellent spots of you it anybody who likes so tally i'ma totality hogg myself i want to go where its longest and this marks the spot for the longest duration of so talent dow futures slightly higher i'm evan haning flu verb markets encore johnson join us if we talked to jim bianco the president bianco research mack grow looked at the markets and what could be a volatile time and even cathedral market decline two eastern on bloomberg radio ralph the mobile business news 24 hours a day half bloombergcom the radio mobile app and on your radio.

john mccain oil tanker sara murray charles fulco carbondale mack singapore president afghanistan nasr evan haning jim bianco bloomberg 24 hours