36 Burst results for "Furman"
A highlight from Markets Shrug Off Predictable Powell at Jackson Hole
"Welcome back to The Breakdown with me, N .L .W. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Friday, August 25th, and today we are doing a macro roundup. Before we get into that, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, today, the big thing, of course, is Jackson Hole and Powell's speech therein. And so I thought it would be good to put that in a wrapper of the stories that have been going on around and outside of the industry, things that have been impacting traditional markets to put that news of what Powell said in its proper context. And for that, I want to start with a story that those of you who have been listening to the AI Breakdown will be quite familiar with. That is, of course, Nvidia. Nvidia absolutely blew earnings out of the water after the market closed on Wednesday. Their Q2 net income came in at a staggering 6 .7 billion, which was a 422 % increase from the same quarter last year. Sales growth shot up by 171 % on an annualized basis to reach 13 .51 billion. Profit came in at 270 per share. Now, compared to analysts' estimates, those figures represented a 30 % beat on profits per share and a 22 % beat on sales. That is massive, especially considering how much hype and anticipation Nvidia had going into this. Now, overnight on Wednesday, shares rocketed up over 6 % and hit a high point of $517 per share. That pushed the stock up more than 220 % on the year. The company also announced the approval of a ridiculously large $25 billion in buybacks, representing a little over 2 % of the total market cap at current prices. Now, this is the second quarter in a row with blowout earnings for Nvidia. Q1 sales came in at 10 .3 billion, outperforming analysts' estimates by almost 30 % again. During their Q1 report, Nvidia had guided 11 billion in revenue for Q2, which was an estimate that exceeded analysts' forecasts by over 50%. And it turns out even that was far too conservative. Now, of course, Nvidia's success has been coupled to the rise of AI. The firm's H100 GPU is the top of the line in AI computing, and it's not particularly close. Individual units range in price between $25 ,000 and $30 ,000 with a volume discount, but that isn't even really the highest end product being demanded by the world's largest tech firms. That distinction goes to the HGX box, which is essentially eight H100s assembled into a single unit of raw AI computing power. Nvidia's CEO Jensen Huang said of the product line, We call it H100 as if it's a chip that comes off of a fab, but H100s go out really as HGX to the HGX unit's require a supply chain of 35 ,000 parts to put together and are sold at the lofty price tag of $299 ,999 per unit. And even at that price, Nvidia are struggling to keep up. Huang said, We're not shipping close to demand. Now, in a lot of ways, there really has not been anything like this phenomenon in recent memory. Nvidia has built their firm around the transition away from GPUs as just being used for graphics processing and video games to focus on more generalized use cases for that style of chip architecture. That transition started many years ago. For example, in 2012, researchers used Nvidia chips to achieve previously unheard of image recognition. Since then, the firm began working alongside AI researchers to optimize their chips for the tasks demanded by high -end AI models. They took on an explicit AI focus starting around 2017. That process of iteration has led to Nvidia being the singular leader in AI chips with a wide gap between them and their nearest competitor. During a recent interview, Huang said, This type of computing doesn't allow for you to just build a chip and customers use it. You've got to build the whole data center. And indeed, the customers seem perfectly willing to spend the high -end dollars for premium performance. One high -profile startup, for example Inflection AI, recently raised $1 .3 billion in funding to finance the purchase of 22 ,000 H100 chips. Mustafa Suleiman, the CEO at Inflection and previous co -founder at Google DeepMind, said that none of Nvidia's competitors could offer a comparable solution. Huang broke down the math of his company's product offering like this. He said, If you can reduce the time of training to half on a $5 billion data center, the savings is more than the cost of all the chips. We are the lowest cost solution in the world. This year, Meta has committed to spending $30 billion on data centers, with much of that capital likely to be spent with Nvidia as just one example. Now, Huang was not at all bashful on this week's earnings call, stating that a new computing era has begun. Many others agreed with him. Dan Ives from Wedbush called it a 1995 internet moment and said it was the guidance heard around the world. Indeed, so far this year, the market has been responding as if a paradigm -shifting technology change is underway. Nvidia is by far the best performer in the S &P 500, and alongside Nvidia, six other big tech firms have been benefiting from the AI enthusiasm as well. This includes Meta, Amazon, Apple, Alphabet, which is Google, Microsoft, and Tesla. Together, this group, which has now become known as the Magnificent Seven, have outperformed the S &P 500 over the past year. Historically speaking, this narrow range of market breadth is typically only seen in the wake of a massive market downturn, and even then only briefly. The only really comparable era of the last decade when market breadth had maintained such a lopsided slate for so long was in the second half of 2020. During that period, both Etsy and Tesla were added to returns respectively. The rest of the top performers that year were rounded out by L Brands, PayPal, and of course, Nvidia. As another comparison point, so far this year, the median S &P 500 company is up only 2 .34 % compared to the 16 % returns for the overall index. What's more, 228 companies in the index have seen their share price decline year to date. Now, the high -flying Nasdaq 100 index is a little bit more evenly spread. The index saw the best first half returns in its 52 -year history this year, notching up a 30 % gain. 32 firms are outperforming the index this year so far, while the bottom quarter declined in price. Now, these periods of narrow returns don't typically precede a major market correction. However, this situation is somewhat unique. It's rare that multiple companies across a leading sector are so reliant on a single company to supply a critical component. But that's a situation we find ourselves in right now. Now, part of why this matters, of course, is that, as you just heard numbers around, AI has effectively been keeping markets afloat this year. One of the most dramatic moments of this was during the battle around the US debt ceiling. This is a time that the market should have been, by all accounts, incredibly nervous, significantly wobbly. I mean, hell, we had our debt downgraded when all was said and done. But it couldn't beat out Nvidia and AI enthusiasm. Now, that wasn't exactly the case yesterday. A lot of the reporting on Thursday was about how concerns over what Jerome Powell would say at Jackson Hole on Friday were tamping down any particular bump from that Nvidia earnings beat. You'll remember that the annual Jackson Hole Symposium is a big central bankers event that focuses on the long term of monetary policy. It's a chance for the Fed to signal where things are going more than just in the next couple months. At least that's what it's historically been. Last year, it was notable because at the last minute, Powell decided to rip up his speech and give a terse eight minute diatribe that basically said that markets were getting way out ahead of themselves, effectively ending a late summer rally. Powell said at the time in no uncertain terms that the inflation fight was not over and stated explicitly that, quote, there will be pain. Now, coming into this, Adam Posen, president of the Peterson Institute for International Economics, said there's no way Powell's speech can be that tight and clear this time because the economic outlook is genuinely more uncertain. Central bank decision making in some sense is easier when you have policy wrong and you have a long way to go to where you should be. It's more difficult when you have to sort through being close to the right policy, but not sure you're there and that's where the Fed is now. And so a year later, the inflation fight is still underway and it was anticipated that Powell would use his appearance to reinforce the Fed's commitment to finishing the job. Up until now, the policy choices have frankly been somewhat obvious. Continue raising interest rates until inflation cools or something breaks. And even when something breaks, try to fix it without changing interest rate policy and see if that works. However, with inflation now moderating to its lowest level in almost two years, there is a lot more potential for disagreement among FOMC members. Powell was expected to give his views on whether rates should continue to go higher into the end of the year, as well as to sketch out how the Fed would determine when the time would come for rate cuts. Forecasts from Fed members have generally called for rates to be held higher for longer, but with pressure on the banking sector, it's unclear whether policymakers would be on board with sticking to that strategy. Now, as well as the rumors of dissent among FOMC members, the economic establishment is beginning to question whether the inflation fight is even worth taking all the way to its conclusion. Responding to a Wall Street Journal article published on Monday, Paul Krugman tweeted, I agree with Jason Furman's call for a 3 % inflation target. The rationale for 2 % has been overtaken by a couple decades of experience. So if you think 3 % is the right target, shouldn't we be declaring victory? Or to put it a different way, if 2 % was a mistake, how many people should lose their jobs for a mistake? Now, Yuga Kohler, senior staff engineer at Coinbase, captured much of the sentiment in the crypto space when they wrote, the difference between a 2 % and a 3 % inflation rate over the course of 75 years is literally 100%. Raising the target is a sleight of hand to inflate away national debt. Stephen Geiger, an economics commentator and Paul Volcker fan, said, or, and stick with me here, we keep it at 2 % and the Fed and federal government can just do their job. So what did we actually get? Well, in this case, it was much what we expected. Bloomberg's headline reads, Powell signals Fed will raise rates if needed, keep them high. The Wall Street Journal writes, Powell, Fed will proceed carefully on any rate rises. And as per Bloomberg, the key takeaways were that 1. Powell acknowledged that the economic backdrop is better than it was a year ago, but he said that the Fed stands ready and willing to raise interest rates further if they need to. 2. He continued to focus that everything going forward will be data driven, but he did not put the possibility of cuts on the agenda, saying based on this assessment, we will proceed carefully as we decide whether to tighten further or instead to hold the policy rate constant and await further data. Third, Bloomberg says the comments are consistent with expectations that the Fed will leave interest rates unchanged at the next meeting with the possibility of another rate hike later in the year. Fourth, Powell acknowledged that interest rates are now high enough to be restrictive, meaning that they are weighing down on growth and inflation. And finally, Powell said 2 % is and will remain our inflation target, throwing some damp water on that part of the conversation. Nick Timiros from the Wall Street Journal, widely viewed as the Fed whisperer, called it a risk management speech. He quoted Powell as saying, given how far we have come at upcoming meetings, we are in a position to proceed carefully. The Kobayisi letter pointed out some data from bond traders around what their predictions are. They write, odds of a 25 basis point rate hike in September more than doubled, 21 .5 % after Powell's speech. Odds of an additional rate hike this year just hit a two -month high of 52 .1%. Rate cuts are now not expected to begin until June 2024. Doug Bonaparte hit it out of the park again with another great headline. Breaking! Stocks fall as Fed Chair Powell signals he's willing to destroy the economy. But in point of fact, stocks are actually leveling out and even going up slightly, based I think on expectations being met. So all in all, a much less dramatic speech than last year, and frankly just a real continuation of what we've gotten from Powell for the last two years. Blockworks Jack Farley wrote, Powell chooses to close his speech with Paul Volcker's phrase, we'll keep at it for the second year in a row. And that is pretty much the story. Now the last interesting thing that I wanted to point out for this week just by way of closing is that the three -day BRICS summit came to a close on Thursday in South Africa with news that six new members would join the loose economic bloc. Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates have committed to join in January. This adds to Brazil, Russia, India, China, and South Africa — there's BRICS — bringing the ranks of membership up to 11. President Xi Jinping called the expansion historic and said it would be a new starting point for BRICS cooperation. Still, while the addition of new nations to the Economic Cooperation Group does add strength, the announcement falls far short of the hype that we had seen coming into it. There had been rampant speculation this year that the group would unveil a common trade currency backed by gold, which frankly rumors of a BRICS currency have been persistent for over a decade but have so far never materialized. So all in all, the world continues to be interesting but doesn't look all that different than it did heading into the week. AI is up, inflation is down, interest rates are flat, but maybe up. And so, as so often has been the case for the last few months, the best thing to do is go touch grass. Until next time, be safe and take care of each other.
Fresh update on "furman" discussed on Bloomberg Surveillance
"Minds are singularly focused on this goal learn more about Damon Runyon's brave and bold approach at Damon Runyon org these are the sounds of a dinner a dinner didn't happen a dinner now served thanks to people like you due to COVID -19 17 million more Americans may face hunger feeding America helping is our neighbors in need and if you're able you can too donations are being accepted at America org dot slash coronavirus brought to you by the ad council and feeding America 200 and blue in Bloomberg's surveillance John Farrell leaves to prepare for a nine o 'clock hour and of course that shakes Japanese yen stronger yeah in the last 10 minutes we go from the precipice of 150 to a stronger yen which is 149 93 indicative in the bond market as well waiting Lisa for 10 a .m. data yeah jolts data which comes out at 10 a .m. but I take your point about the coordinated move as we see ten -year yields backing away from some of the highs as John was talking about from 474 down to 472 and you're seeing that in the currency markets to moving away from some of these other levels are we seeing buyers could step in or just a moderation of what you would call moonshot of yields going by remind me you said it earlier do we have fed speakers today we do we have Raphael Bostic coming out I believe he did about a half an hour ago so I will look look and join us now our chief speaker analysis always a jolting interview Michael McKee just man bloomberg is nice you combined the two thoughts I did well I'm gonna combine three in here which is we Major got League Baseball finally the real season starts at tonight Mindy of Bloomberg briefed me yesterday on the Baltimore Orioles this is a Mindy brief is a lecture I a got lecture for 20 minutes we'll have more on a majesty I can't say enough about the excitement of going into the world serious Mike Mike McKee I want to you know I got to get to jolts as well but I want you to lean your expertise I want the four worthy said yesterday in Fed speech what'd you learn well we're pretty evenly divided you've got people like John Williams and Tom Barkin I'll throw them the in from end of last week saying we have time to act carefully to think about what we want to do and and then you have Loretta mister and Mickey Bowman saying we think we need to raise rates one more time does it really make all that much of a difference I think Michael Barr who is the vice president for supervision doesn't usually talk talk about monetary policy but he did yesterday he said it's not so much about raising rates once more it's how long we are going to keep rates high that's the real question so what's happening at the Eccles building building now with the first and second derivative of interest rate moves we talk monetary policy what are we going to do forget about all that malarkey Michael Barr what is he and his bank supervision doing to study this interest rate move on our banking system well he talks to banks all the time obviously and is talking to the bank examiners all the time and their message has been similar very since March when we had the banking ructions is to make sure that you in are good shape but the data that the Fed has collected is basically telling them that are tightening credit but it doesn't seem to be beyond what would be normal in a situation where the Fed is raising interest rates so we're going to have a little bit tighter credit now the question is who's going to borrow how many people are going to borrow is this going to be different this time because they're trying to shut off or bring down the flow of credit and at this point it hasn't had as much of an effect as in previous Fed tightenings although now we're finally seeing the tightening in the long end do you think the Fed is relieved to see the market waking up what to they're saying yes I think so I mean we were pricing rate cuts and still are to a certain extent in Fed funds futures but the Fed is not going to be cutting rates anytime soon not until they see inflation coming down now inflation has been coming down faster than they thought and we may end the up year with PCE core inflation lower than their anticipation which could change people's minds about where the Fed is going to be next year but for right now the Fed likes the idea that are conditions tightening because that's what they're trying to do if we get Ed Hyman David Rosenberg and others inflation and Paul Krugman has talked three month annualized as well Jason Furman at Harvard's doing this as well do academics like Barkin and Williams do they bring that right over to the bond market yield where will follow that disinflationary trend well essentially yes but people are not looking at the disinflationary trend in terms of what they're pricing in the markets right now they're looking at what is the Fed doing and where the Fed is going to keep interest rates Fed is saying it's going to keep interest rates at least at five and a half percent where we are through next year and then if they come down you look at real rates they may come down to about three percent but that's still not going to be a kind of zero rate environment we had before so it's not so much inflation as it is how do you get inflation back back to two percent are you gonna be around for jolts at 10 a .m. I'm going to be around for jolts at 10 a .m. jolts 10 a .m. McKee Michael be there right now and this is a joy and perfectly time the Conference Board is one of great institutions of America to be blunt full disclosure my grandfather was involved this goes back to World War one it goes back to trying to figure out how to aggregate statistics before the revolution of 1947 in econometrics and in statistics as well on to the modern day and gail fosler's incredibly important work in the Conference Board is absolutely definitive on the pulse of business in America Dana Peterson is a chief economist of the Conference Board Dana what's business doing right now with this yield move well I think businesses are looking at the fact that the cost of capital is rising on and they're starting to
A highlight from Bitcoin News, 3% Inflation Target, and BRICS Expansion? With Dr.Jeff, Joe Carlasare, and The Caf Bitcoin Crew - August 24th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. Good morning, everyone. Peter, Mickey, good morning, guys. Thanks, everyone, for being an early joiner on a late August morning here. I know people have a lot to do in the summertime, so thanks, everybody, for joining. Peter, how are you doing? Good morning. Doing well. It's another good day watching what's going on with the BRICs and their conference in South Africa. That is one of the many topics we'll be chatting about. Mickey, how are you doing, man? Good morning. Hey, good morning. 7 a .m. here. Just finished my exercise for the morning. So channeling my inner Steven Libka finished 8 ,000 steps before 7 a .m. today. So it's a good day. Dude, that is impressive. You're an early riser to have already done 8 ,000 steps by 7 a .m. Good for you. Steven would be proud. Well, hey, before we start getting into some topics, I just want to let everyone know today will be a little bit shorter of a show than normal. We got some people traveling to Bitblock Boom, the Bitcoin conference put on by Gary Leland in Austin, which is a fantastic conference. If anyone was thinking about going to a Bitcoin conference, we definitely recommend that one. It's a great one. If you're just thinking about checking out some of the content from it, we definitely recommend you do that as well. And speaking of that, we're going to be streaming some of the content tomorrow. So there won't be a normal Cafe Bitcoin show tomorrow, but we're going to be streaming some of the Bitblock Boom content because, again, that's just a great Bitcoin only conference. So definitely check some of that out. We'll talk more about that as the show goes on. All right, where to start here, plenty of topics that I think we can just do quick hits. Peter, I'm proposing that the Fed's new inflation target be 2 .17 percent instead of 2 .0 percent, and I wanted to know what you think about that. I think it should be 3 percent or whatever number they want it to be, because that's just what they do. There's no rhyme or reason as to why they've decided that 2 percent is the benchmark other than, I guess, they figure that they can steal that much money from people. And, you know, it's not really noticeable, of course, once you live as long as I have and you've been stolen from it 2 percent a year for the last 50 years, it's very noticeable. Yeah, quick shout out to some mental math, which I'll be honest, I don't do as much anymore. I used to be good at mental math when I was a kid in school, but with calculators and Excel, I am not nearly as good at mental math as I used to be. But there is a good one known as the Rule of 72, and this is how long it takes your money to either double or to lose half of its purchasing power. So if you get 1 percent returns per year, you double your money in 72 years. If you get 2 percent returns per year, you double your money in 36 years. That's a 72 divided by 2 and so on and so on. And it works the other way, too. So if you have 2 percent inflation every year, you lose half of your purchasing power in 36 years. If you have 3 percent inflation per year, you lose half of your purchasing power in 24 years, which I guess is approximately a generation. So at 3 percent inflation, you lose half of the purchasing power in 24 years. And that's somehow supposed to be positive for all of us. I will shout out my own tweet this morning, if you guys can bear with me here for a moment, but I just was looking at Krugman and Furman and these guys talking about how they think they've arrived at 3 percent being like a better inflation target. And they're pretending like there's some some real explanations, some real rationale. And, you know, they show a bunch of charts and stats. And I can't help but think that that's probably what the Catholic Church sounded like back in the fifteen hundreds when they said, no, no, this is why you have to pay for your indulgences. It's, you know, we're not making it up. It's not just for you to line our pockets. It's, you know, it's what the religion says that, you know, this is for your benefit and we're just telling you how it is. I honestly think it's that much B .S. that they talk about 3 percent being the quote unquote right inflation target. I just don't know how they do this stuff with a straight face, quite frankly. Not not only that, John, but but what are they basing that on? You know, I mean, they've continuously taken the, you know, components out of the the tool that they use to measure what the real inflation rate is. So, you know, to to adjust it for whatever their narrative is. And so, you know, I guess the real question is, how do we in in a in a world economy and in in, you know, in this kind of complex world, how do we really, you know, measure what real inflation is? Because I don't think the numbers they're using are real inflation. And I also don't think that the other extreme people who say that we're in a, you know, 25 percent or 20 percent inflation era, I don't think that theirs is correct either. So that that's my question is, is how do you actually what metrics would would we really need to use to get a real idea of what inflation actually is? I'm going to throw my thoughts on that. I think it's actually impossible and I'm not being overdramatic. I think it truly is impossible because there is no such thing as a singular number that objectively represents, quote unquote, prices.
The latest in sports
"AP sports. I'm Bruce Morton. Princeton rose into the sweet 16. The 15th seeded tigers were in control throughout in eliminating Missouri 78 63. Princeton is in the south region, as is number 5 San Diego state, which beat Furman's 75 52. The region's top seed, Alabama, moved on by besting Maryland 73 51. Defending champ Kansas was also a top seed. That meant nothing to Arkansas, which got past the jayhawks 72 71. Also in the west, second seed UCLA had to hang on to beat northwestern 68 63. In the east, fourth seed Tennessee dumped duke 65 52. The Midwest produced no surprises with top seed Houston handling auburn 81 64 and number two Texas defeating Penn State, 71 66, NBA winners included the sixers kings and grizzlies. Bruce Morton AP sports
Vols bring Duke 'into the mud,' move to Sweet 16
"The number four seeded Tennessee volunteers are moving on to the sweet 16 after defeating the 5th ranked duke blue Devils 65 52 in second round action for Orlando. The voles were led by a great performance by Olivier Kim wall scored 27 points and 5 rebounds. Knowing that they had a lot of freshmen we knew that if we come in applying more pressure and being tough and physical and then, you know, they would have to deal with it. What we were saying before the game, the whole time was we gonna bring them into the mud with us. In the early game 5th seeded San Diego state dominated 13th ranked Furman 75 52,
"furman" Discussed on ToddCast Podcast with Todd Starnes
"It's got a ring to it. I'm just saying. All right, here's what we're going to do. We're going to take a break. We're going to come back. We're going to the phones. 8 four four 747 88 68 toll free telephone number. That's 8 four four 747 88 68. This is the Todd show. All right, March Madness. Gotta be watching the Memphis tigers tonight. No tigers go. Guys, you're doing brackets. Mine already busted, dead dumb. But yeah, it was what we had a couple of big upsets. You had Arizona going down, Princeton, beating Arizona, and then this Furman. By the way, I've got to play this audio. I love a good radio announcer. And we've got the guy they've got for firm and did a terrific job calling the game this huge upset win last night cut number two. Inbounder. Clark gets it in. Gets it back with him. Clark double teamed along the baseline. Those are at the floor. Intersected by heme biggie's for three and the win. With 2.2 to go. 68 67 pounds. Virginia calls its final timeout. They get it into beekman on the right side. His three on the way. No. No. And vermin wins it. Burman wins it. JP McGee's getting involved by his C mates right here in front of us. The palette is winning 68, 67. And not Virginia out of the tournament. Garbage first appearances 1980 will not be one and done. Jump in hoy look at this scene here on the floor. The purple paladins. By the way, a little history here. And by the way, we have all family members working on the show today. But you know, our family, we got a couple of buildings at Furman, named after our ancestors over there, so a big firm in university. We had a lot of our relatives that went to school there played basketball there, so a lot of sports stars back in the day, from Furman University. It used to be a good baptist school. Then there was Kamala Harris, who got booed, by the way. They booed her at March Madness at the NCAA. Basketball tournament. Her school Howard got drilled. They lost by 30 points. So just imagine you're a basketball player, you just got your butt handed to you. You're going to the locker room. You're in a bad mood. You don't want to talk to anybody because you just got whooped and all of a sudden incomes Kamala Harris to give you a pep talk. Take a listen. We played hard. We played to the very last second. You made all of us bison so, so proud. Goody, for you. The world. Who buys an arm? They can't play basketball. We're back in the day where we were just happy that there was a game. Much less getting to this place. You little cute. And I see bison literally all over the world, and we've been talking about you this team. You make us so proud. So I know you may not be feeling great right now, okay? But know who you are. Okay. You are excellent. What's wrong with that woman? Who talks to who talks to adults like that? You cutie, you are so good, so good. Oh, we're so proud of you. Even though you lost my 30 points, we love you. You're just, you're making history. Well, no, actually, they're not making history unless it's the worst lost in NCAA basketball history, because Howard, they've been to the big dance before. So something's clearly wrong with this woman. The way she talks, she talks to everybody like their children. Is she mentally okay upstairs? Do we know? Have we done a cognitive test on the vice president of the United States? So good. So good boys. Jesus, Luke. The poor guy is the players. It was so cringey. We've got the video up on our website. And you got to see the video. It's so awkward. All right, let's go to the phones here. Gerald in Oregon. Radio station kyk, hey Gerald, what's on your mind? Born in Todd. Doing well doing well, Gerald. Hey, quick comment sidebar, comment, and then I'll be out of my topic. Ron DeSantis. Naval officer. Not eating food with his hands. Come on. If the man decides to run for president, actually, he will give Donald Trump a very fair run for president. He's a qualified politician. That's all I'm going to say about it. I don't know if I'm going to vote for him or not. But I'm not going to get caught up in that. That's ridiculous. Gerald. Well, I'll let you get to your second point here. You raised a good point. I mean, it's just kind of, it's a silly season. I will say this if you have a chance to meet him in a social setting before you shake his hand, just make sure there's no putting on it. So that's all right. Just get it. Well, I mean, for the stuff that you talk about Donald Trump, his, I mean, if that's the only thing they have to say, then we're ahead in the game..
Furman Upsets Virginia in NCAA Tournament
"You're doing brackets. Mine already busted, dead dumb. But yeah, it was what we had a couple of big upsets. You had Arizona going down, Princeton, beating Arizona, and then this Furman. By the way, I've got to play this audio. I love a good radio announcer. And we've got the guy they've got for firm and did a terrific job calling the game this huge upset win last night cut number two. Inbounder. Clark gets it in. Gets it back with him. Clark double teamed along the baseline. Those are at the floor. Intersected by heme biggie's for three and the win. With 2.2 to go. 68 67 pounds. Virginia calls its final timeout. They get it into beekman on the right side. His three on the way. No. No. And vermin wins it. Burman wins it. JP McGee's getting involved by his C mates right here in front of us. The palette is winning 68, 67. And not Virginia out of the tournament. Garbage first appearances 1980 will not be one and done. Jump in hoy look at this scene here on the floor. The purple paladins. By the way, a little history here. And by the way, we have all family members working on the show today. But you know, our family, we got a couple of buildings at Furman, named after our ancestors over there, so a big firm in university. We had a lot of our relatives that went to school there played basketball there, so a lot of sports stars back in the day, from Furman University. It used to be a good baptist school.
Could Glenn Youngkin Surpass Donald Trump & Ron DeSantis?
"I think I could be wrong. This is going to come down to Trump or desantis. I was talking to a friend of mine yesterday who's really well politically connected. And he says, I'm telling you Glenn youngkin, Glenn youngkin, Glenn youngkin. Don't minimize the way he can resonate with the American people. But unless there is a late surge and hey, it can happen. Just ask the Furman paladins. You can post a big come from behind win. In sports and in politics, but it seems like it's going to come down to Trump or desantis. And I mean, this is a true headline. Ron DeSantis eating pudding with his fingers will end his 2024 bid. The pundits are now predicting doom. For Ron DeSantis.
"furman" Discussed on WTOP
"University, Mike Murillo, WTO P news. Some other March Madness action the University of Virginia fell short today. It was a big upset as UVA lost to Furman by only a .68 to 67. We've got bonus bracket updates for you throughout the night here on WTO. Some other news this evening invasive catfish are messing with the population of Maryland's famous crabs. It's one reason governor westmore is asking for federal help. Blue catfish can tip the scales at 30 to 40 pounds and are voracious eaters. What they eat and where they eat is a problem, according to Betsy Nicholas with the Potomac river keeper network. There are hunting in the same areas where we have oysters growing where we have our baby blue crabs. And they chow down on the oysters crabs and striped bass as well. They find them delicious just like many of us do. So Maryland governor Wes Moore is asking for a federal fishery disaster declaration to help manage the invasive blue catfish, flathead catfish, and snakeheads that have flourished while threatening native species. Kate Ryan, WTO P news. Dog nappers have been on the move stealing pets in the D.C. area and around the country. What can you do to protect your furry Friends? It's a crime no one is exempt from even Lady Gaga. Dog napping. In the last year, more than ten dogs have been stolen in our area. And that's just what we know of. But there are ways to prevent your dog from being stolen, like not bringing them on errands, never leaving them alone or off of their leash. If your dog does end up in the hands of the wrong person, you should first notify police, local shelters, and vets. Handled flyers and check your and your neighbor's security cameras. Social media also can be a helpful tool. Sharing corinne, WTO news. Still ahead tonight on WTO, do you remember WeWork? Why it's making news again tonight? And it costs a lot to cut the cord at least if you're using Google TV. It's all they had now. Ten O 8. Michael and sons, heating tune up for only $59. Traffic and weather on the H and when it breaks, getting back to bob in the traffic setting. Turns out the Woodrow Wilson bridge won't be raising until about 11 o'clock tonight, so we've got a little while for that, but that's why the crews are there. So starting at about 11, there will be at least one, if not more bridge raisings tonight. On 66 westbound, there is a work on very slow getting past glee broad exit 71 single file to the left and they're starting to set up now on the outer loop of the beltway and in south from the American legion bridge on the George Washington Parkway and getting by two lanes to the right headed toward Georgetown pike and the dulles toll road. 95 northbound after action one 36 centerport Parkway, the crash has been on the right side. Southbound three 95 and 95 doing all right and in Maryland on the Baltimore Washington Parkway northbound that works on a place again tonight at one 95 single right lane gets by there and 95 has no delays in either direction. 50 clear sailing out to Annapolis and the bay bridge and good to go up and down two 70 as well. Looking for a safe used car if it's Cheryl automobile has hundreds of good cars trucks and SUVs next to a new car a fits way used car is best. Visit fits mall dot com today. Bob in the WTO traffic storm team fours Amelia Draper. A chilly not cold night across the area with lows in the low to mid 40s were running a good 5, almost 10° above normal for our overnight low out there tonight with mainly clear to partly cloudy skies. Any early morning sunshine tomorrow will give way to clouds with some scattered showers for your Friday afternoon and evening, otherwise breezy winds later in the day tomorrow with highs in the low 60s. Low to mid 50s on a breezy Saturday when Gus Saturday up to 30 miles an hour. I'm storm team four meteorologist stimuli Draper. Rockville is at 55 metro
"furman" Discussed on WTOP
"Trails West Virginia 41 38 of the second have Kendrick Johnson has 20 points for the mountaineers Virginia leads Furman 32 to 27 at the half re speakman as ten points to pace the Cavaliers Utah state trails, Missouri 5 four in the early going coming up at two Howard plays defending national champ, Kansas, bonus bracket updates on WTO twice an hour while games are in progress, Dave Preston WTO sports. This is WTO news. One 46 its mission is bird conservation, but its name carries an ugly connotation. Now the debate over that name has ended with resignations from the national board. But not here in D.C., where other changes are coming. The national Audubon society's own web page describes John James Audubon as an enslaver who did, quote, despicable things. Yet, the national bird conservation group is keeping the Audubon name while investing $25 million in diversity efforts, taiki James, president of the D.C. Audubon society, which is dropping the Audubon name, reacted to the news. You know, with an organization that claims it wants to be relevant to a more diverse audience. This is 20 steps back in the opposite direction. James formally worked for the national group and said the D.C. organization plans to announce its new name at its annual meeting in October. Kate Ryan, WTO P news. Cocaine makers are busy producing more product and their smuggling it into the U.S. and their business has boomed as the pandemic waned. A new UN reports has since 2020 South American drug cartels have ramped up production of coca by 35%. Coca is the base ingredient in cocaine. At the same time, the cartels have used the retreat of the pandemic to smuggle record amounts of cocaine around the world. Early in the pandemic, when flights were grounded, cartels stockpiled their supply, and then later found other solutions to smug their wares. Now the increase in production and smuggling coincides with the higher demand for cocaine, and that demand is currently concentrated in Europe and North America. Linda kenyon, CBS
"furman" Discussed on WTOP
"Trail washout. The campground was reopened back in September, but also needed more resources to solve the issue of the downed trees in the picnic areas. Sports at 25 and 55 powered by Red River, technology decisions aren't black and white. Think red. Frank hanrahan, worst case scenario, all the local teams are done before dinner on Thursday. But it's not going to happen, right? Thank goodness we have all these channels so we can watch all the games at one time. But back in the day, we'd be like, oh my God, we've got to choose just one game and that was the worst. Remember that? Yeah. Kids don't know how bad. Man, it's so much better. Maryland is the number 18 in the south region on the men's side, terps will face number 9 West Virginia Thursday, Birmingham first game, in fact, at 1215. Kevin Willard earlier tonight in college park terps back in the big momentum for the program moving forward. So to get back in and be an 8 seat in year one is pretty good. And the top seat of the church bracket is Alabama. Virginia is a force you to face 13 seed Furman Thursday at 1240 in Orlando. Howard to 16 seed will face off against topsy Kansas and Des Moines Iowa Thursday at 2 o'clock. So there you go, all the locals pretty much playing at the same time. VC is a 12 Seattle phase 5 seed saint Mary's Friday and Albany, New York to a clock. Marilyn women just announced a two seed will face holy cross Friday in college park NBA wizards just got pounded in Philadelphia, one 1293. XFL D.C. defenders lead the vipers 14, 12 at the half of the commander signed offensive tackle daron Payne four year reported $90 million deal. Frank and ran WTO sports. Now, coming up after traffic and weather, the latest on Silicon Valley bank and the Oscars all ahead here. It's 8 26. Hiring the right talent is my number one priority for my growing company. I used to believe that if you post it, they will come was the only way to recruit new employees. However,
"furman" Discussed on Past Gas
"Things PlayStation, delivered with a heavy dose of humor and silliness. Co hosted by popular YouTuber and comedian Chris raygun and our anime obsessed executive producer Dustin Furman, sacred symbols, a PlayStation podcast can be found on your favorite podcast services. Come join us as we talk about God of War, horizon, uncharted, Spider-Man, and so much more, all of the things that make the PlayStation ecosystem tick. Each and every week. On sacred symbols, a PlayStation podcast. Big thank you to our sponsor this week, rocket money. Rocket money formerly known as true bill is a personal finance app that finds and cancels your unwanted subscriptions, monitors your spending, and helps you lower your bills on one place. Stop throwing your money away. Cancel unwanted subscriptions and manage your expenses the easy way by going to rocket money dot com slash gas. That's rocket money dot com slash gas. Rocket money, dot com slash gas. Hello, people. My name is David Phil and I am the host of the genius brain podcast. I am a stand up comic turned YouTuber actor host and now entrepreneur. I own a matcha store and I also own a clothing brand. Yes, I do it all. I know it sounds like bullshit, but I'm the type of dude that does whatever his heart desires. And that's why I am the product that this said garbage lifestyle. If you're looking for a podcast that is absolutely about everything and nothing at the same time, you tapped into the right place, current topic stupid life stories and completely unfiltered bullshit from a former youth pastor. Did I mention I was a youth pastor as well? Yes, you can catch you use brain on all audio platforms and YouTube, all you have to do is look up genius brain one word genius brain and me and a bunch of my friends will keep you company on your commute to work or you know when you're just touching yourself to that's not even a part of the script, what am I reading here? Okay, well, see you guys there. This is awkward, ended. And it now. On a beautiful October day in 2019, Jesse combs stepped into the cockpit of a wingless fighter jet on four wheels, and it wasn't for the first time. 6 years of challenging progress led to this moment. One where she was about to make her final attempt at breaking the female land speed record. The snarling power of the Frankenstein automobiles 52,000 horsepower engine, vibrated through the joystick as Jesse took in a deep breath. Then, drop the hammer. Within 5 seconds she was going a 120 mph. Another blink of an eye and she was at 300, then four, then 5. Few people in human history have been infected with a love for automobiles and pushing their limits quite like Jessi combs. But how did one of the most recognizable faces in automotive television also become the fastest woman on earth? How did Jesse manage to excel in multiple high pressure male dominated industries? And what led to the tragic crash that claimed Jesse's life. Today on past gas, the life of modern automotive legend,
"furman" Discussed on Bloomberg Radio New York
"The data isn't collapsing on them. They may well have to go to 6% as Larry summers will be able to charge Jason Furman have. But I think they can afford to pick their heads up and look around a bit come first order of 2023 before going all the way. Adam, you did refer briefly to what's been going on in the United Kingdom. Certainly the markets believe that there was some sort of mistake made there. I suspect it was actually made by the government not by the Central Bank, the center back had to react. What do you make of what the Bank of England is having to do and the possible crisis with respect to guilt? Yeah. I think the Bank of England, the Bank of England got a request and the treasury select committee, which is the part of parliament that oversees the bank. I've testified before them in the past for giving evidence as the great saying. And they asked for a memo from the Bank of England to say why terrible things were happening in the guild markets in the memo with the lead author being deputy governor John con level. I think excellent. I think it sets out the basic facts and TLDR. It was the government overruling and ignoring and getting around the standard budget processes like having the office budget responsibility review. There was a problem. It was the government putting forward a huge amount of additional tax cuts on top of the necessary spending to keep households together during the energy crisis. And it was doing so without any regard for the fact that the bank was tightening monetary policy to stop inflation. Or for the fact that there's been a huge accumulation of debt in recent years or for the fact that the bank's policy was going in the other direction. So this is in Brit speak an own goal, but not just an own goal, an own goal in the middle of the Euro quarterfinals. In front of millions. And as policy mistakes go, this one's pretty bad. They can reverse it. And they're incrementally doing so. And I'm hoping chance of courting uses the IMF meetings and the G 7 G 20 meetings as a fair excuse to cover his reversing some of these mistakes. Okay, Adam, it's always such a treat to have you with this Adam pose and president of the Peterson institute for international economics. Coming up, we're going to speak with Leslie Cantor of the Rutgers school of public health about the possible surge in COVID coming this winter. This is balance of power on Bloomberg television and on radio. Market coverage that so good. What's important is when an equity is you do the 5 ratio DuPont dance. What's that? It's like when I do renegade on TikTok. Nice. You feel like dancing. What is your TikTok handle
Jared Bernstein: Analysts Ignore the Restart of Student Loan Payments
"Take a listen to this cut 14 go It's been a brutal couple of weeks for the market obviously Awful inflation numbers Now the likelihood of a hard landing maybe even a global recession according to some The student loan forgiveness in the middle of all this adding hundreds of billions even a $1 trillion to the demand side Doesn't that make the fed's job even more difficult your allies Larry summers Jason Furman both warned that that's a problem The president once again bowing to the far left Does that justify increasing demand in making things worse right at this time Jared I know you know it's no way you can sell this to me with a straightforward Wait a second Let me try the following because this is a fact that I is not reflected in the rap you just gave me Did you ask And if you ask Jason and Larry about this I think they'll agree You should try and find out for yourself Okay The thing you left out was restart that is restarting student loan payments which of course have been in forbearance since the pandemic began That begins in January And if you actually look at the numbers month by month the amount of restart even with debt forgiveness basically offsets the amount Let me see if I can understand this This is the game You ready
"furman" Discussed on Bloomberg Radio New York
"From Bloomberg radio We've got some inflation built into the system and price rises aren't going to go away Overnight but I think we've been seeing some hopeful signs that we're at a point here where we can begin getting a grip on this situation That of course was Paul Volcker on Wall Street with way back in 1975 That was when he was the president of the New York fed before he got to administer his medicine to the economy as head of the Federal Reserve David Bianco of DWS America's and Kate Moore of BlackRock are still with us So Kate let me ask you a question that I'm hearing more and more Some people are suggesting this may be here for a long time to come We had Jason Furman on from Harvard earlier this week on Bloomberg and he said he thinks it could be years we have really high inflation If that's right if that proves to be true what does that say for two investors Well actually as much stress as we have around higher inflation rates particularly since most of us haven't had to deal with this for the majority of our lives There's actually really interesting investment theme around higher inflation It's really interesting to look at within industries which companies have pricing power which companies are doing a really good job of managing their costs and managing to their margins And which are struggling I mean I also like this theme of looking at companies that have very high labor intensity to sales In other words do they have to continue to hire and especially at a time where we know the total cost of employee continues to rise Or do they have business models that are scalable They can continue to grow without adding two additional labor I mean we have to live in this environment and invest in this environment And I think there's some pretty interesting opportunities Even though inflation does pinch our wallets Well okay give me an example What sorts of sectors at least are you talking about Okay an example might be like if you're just thinking in the consumer sectors for example some companies have done a really good job of writing longer term contracts of managing their input costs Sometimes they've made great investments in software and systems and technology so that they've been able to reduce their dependence on labor All of these things help to sort of mitigate the margin pressure that an inflationary environment might otherwise scare us into right And so there are some decent fundamental stories even in the higher inflationary environment But you've really got to get to know the company And there are some beneficiaries of the fed fighting inflation banks insurance companies they should benefit from higher interest rates We think utilities are a really good Bond substitute with inflation protection and probably delivering the energy that the future and electrification And we like healthcare and healthcare has become the biggest part of consumer spending and continues to be the fastest growing part productivity medicines devices are needed there These productivity providers we think they're going to be able to play an important role in capture profits Look about your clip In 1975 is that even the provoker recognized the challenge ahead It surprised even him The big man to the upside inflation can be a very big problem when that Genie is out of the bottle Okay that leaves me exactly my question to you David which is you study.
"furman" Discussed on Jeff Goodman Basketball Podcast
"Are welcome into another episode of candy coaches conversations. I'm jeff goodman We got charlton young my partner in crime here in. We've got another group of good assistant coaches. In addition we had to get a veteran recruiting guy for this episode. We came up with with the oldest one that i could find eric bossy director national. What what's your title now. Eric director of basketball for twenty four seven sports. There you go there you go So happy to have you on the topic. Today is kind of getting back on the road for for coaches being back on the road after a year off and not only being on the road and maybe share some stories but also the impact. Not being on. The road will have on college basketball this year. But i wanna talk to all you guys about. Maybe the recruiting model Any suggestions you guys have any going forward. But without further ado. Let's go around the room like we usually do. See why we'll start top left corner from jimmy williams Jimmy good to have you on. Hey thanks for having me. Honest is a great group of guys when you invited me to come out. You sent me. The list. Coaches on your. I got so excited. Because it's going to see so many faces topic near and dear to all of our hearts with brooding I'm looking forward to seeing a lot of these guys on the screen in person and then a jam finding again. Jimmy gives quick quick twenty-second background about you. So this'll be my fourth year here at furman barbara. She got the job here and he and i were friends. I coached at a d. Two down the road north greenville university and he was an assistant here at furman when he got bumped up those relationships through recruiting and just being not far from each other and Gave me give me a and offer me a job and it was a complete. No brainer love it here in. Greenville love it here. Furman and obviously we do things with our recruiting a little bit different some excited to get different ideas and kind of share how we do things..
Former MLB Pitcher David Wells Explains That Politics in Sports Didn't Resonate With Anyone Before
"Well, we didn't have that down. I mean, there was no politics in the game back then, and if there was it, just it didn't didn't really resignation with anybody because we had a job to do. We wanted to put that hardware on our finger at the end of the season and be champions and Make some good money and and go about our business, But to me, you see what's going on nowadays? It's a joke, because I remember um I took a lot of heat and I think it was 97 Mark Furman. Um, after the O. J. Simpson case and mark firm and his brother Lance is a good buddy of mine. And I got to meet, you know, Mark and hung out with them and all that stuff, so I go to Seattle were playing the Mariners. So I brought Mark and his son I brought into the park early. And I took him out on the field. I think I threw his son batting practice played catch with him. And did that And all of a sudden I come in, and now guys are All over me saying, Why are you bringing that while you bring in a racist guy in I said he is not racist. He was doing his job. And if you're gonna look at anything, look at O J. He killed the damn dude. You know he was He was guilty, like no other and Mark was doing his job. But they were making up because he said the n word, you know, and nobody was supposed to say that and all that they were trying to make him out to be You know the bad guy when he was, you know, doing his job from what I saw and what I talked to him about. So I can't look down on. You know, Strawberry and and good and those guys looked at me but chilly, You know, chili kind of put it nipped in the butt for me and Cause he knew what kind of guy was. I had not a racist bone in my body. You know, but to bring somebody in like that That was pretty hard. But it went away real quick and and you know, there was nothing made out Nobody. I saw straw at the RNC. I'm sure you saw him that night. You know, at at the White House? Yeah. You know, Straw and I are really
Child Care Effect On Unemployment?
"And the new lie is it's definitely childcare. Here. It is, while Street Journal editorial board the other day I've been trying to get through this story seriously for three days now it's called the childcare excuse for unfilled jobs. So you would think they had some data on that the left when they said child care was the reason nobody was going back to work. They don't Here's a quote the Peterson Institute for International Economics on Monday. Released. The study on parents in the workforce told Childcare was a problem. It would affect parents, right Study was lead by former Obama administration economist Jason Furman. Studies suggest that child care isn't the main factor keeping workers at home or even a significant one.
"furman" Discussed on Gwinnett Daily Post Podcast
"While secretary of state. Brad referenced burger did make the rounds this week to promote georgia's new election reform law. There was one part of the law that he objected to specifically. It's the part that strips him of his chairmanship on the state elections board and gives that job to someone who would be appointed by the georgia general assembly. Why by kiam all of torture award winning customer satisfaction have been a family owned business for over twenty years buying or leasing with us as fast and easy and you could get pre-approved online and four simple steps. We offer top dollar on trade ins in have new vehicle specials that are updated every month and are factory trained technicians make servicing your vehicle convenient with extended service hours. Stop by and shop with us on the lot or visit us online at loved my kia dot com norcross senior haley foster committed sunday to the firm and university women's soccer program boss ter- preseason super six selection by the daily post has twenty six goals eight assists for the fifteen and two blue devils. She had ten goals in ten matches. Twenty twenty before the covid. Nineteen pandemic stop the season. Congratulations haley and good luck in the future. The atlanta braves altered their uniforms on saturday ahead of their game against the philadelphia phillies with the all star game patch. The teams sported on their jerseys for opening day noticeably sewn over the alteration came after major league baseball announced. They're pulling the twenty twenty one all star game from georgia in response to the recently passed state law that critics say would make it harder to vote shortly after major baseball announces the games relocation the braids released a statement saying they were disappointed by the league's decision. Has the time come for you and your family to buy or sell a new home. Peggy you properties is here to help peggy and the team have been gannett and surrounding areas for thirty eight years helping folks just like you and me. Peggy slap properties consist of more than thirty five realtors realized. Fostering strong relationships with community is the key to their business. They work you. Regardless of circumstance residential homes are newly built they have listings all over the county in today's climate. You hear a lot of noise from others on how they can help you. The difference at peggy sloppy properties. They're buying and selling for neighbors family and friends. Don't you believe you'll get the most value from a team that knows. The lay of the land visit peggy slap properties online at esp online dot com. Or give them a call at seven seven zero two seven one five five five five seven seven zero two seven one fifty five fifty five peggy slap peak properties delivers the very best in gwinnett georgia real estate. Because you deserve no less. Thanks for listening to the gwinnett daily. Post podcast this. Podcast is a production of bgi group. Please like follow and subscribe wherever you get your podcast.
What a WoW virtual outbreak taught us about how humans
"Hit last year, people reacted in different ways from complete denial to volunteering to help others. Some people flouted the rules, while others didn't leave the house, and some even used it as an excuse to hurl racist insults and physically assault other people. These actions may have seemed unpredictable. But a group of epidemiologists was not surprised They'd seen this all play out in another pandemic in 2005. One that happened online in a video game called World of Warcraft, players there became infected with the virus due to a glitch in the software. Side fry producer Daniel Peter Smith is here to talk more about that. Hey, Daniel. Hey, John. So briefly. What is World of Warcraft for those who don't know? Yeah, it's one of the biggest online multiplayer games of all time. It's been around since 2004 and basically you're playing in this huge medieval fantasy environment with millions of other people across the world. You can play as an orc made warrior. That kind of thing so kind of dnd stuff. On Deacon, explore the world and fight monsters and go on quest with other people I've heard about it never played myself that this m pretty cool. So how did this all start with the epidemic in the game? Yes. So in 2005 Blizzard, the company who makes world of Warcraft they created a new challenge. And basically was you go to this one area you battle of big villain, which is called a bus. This big snake demon thing that would cast a spell on you. That gave you a kind of infection, And this infection was called corrupted blood and the small basically, just like slowly sapped your health away while you were fighting it. It would obviously affect you in battle. But once you defeated the boss, you could like go out into the main world and you're basically non infected anymore so individual players could get infected while battling the boss. But then how did the spread the other players? Great question. So there was a bug in the software where if you had a pet with you can have these like companion pets. Your pet would also get affected on when you left the area and went back to the main world. Pet continued to carry the corrupted blood infection, and it would spread it to other players and other characters in the game, and they would slowly die. So this is basically a computer virus that was acting like a real virus, right? And this sparked the interest of some epidemiologists who happen to be playing the game at the time, and I talked to Eric Molinski about this. He's the host of the podcast called Imaginary Worlds. Which is a show about how we create these worlds and where we suspend our disbelief. And he reported the story about this outbreak and how studying virtual epidemics can teach us how to deal with real ones. And I started by asking Eric how the virus started to spread in the world, and he told me that in a virtual world, it spreads very easily and very quickly. In the real medieval world, you know, plague would would travel about as fast as it is the horse But you know, in this magical medieval world, you can teleport back to cities. And a lot of these cities have what we call in PCs non playing characters, so it could be like a shopkeeper or guard or, you know, just sort of townsfolk in the background. But they all got infected with this thing. So they were walking around, infecting everybody else. A symptomatically, which is also a very weird thing, which has been which is not supposed to happen. And so that's another way that they disease spread really quickly and like did you have to be like really close to them toe like actually get it like how it works with Cho. But, yeah, Yeah, You definitely need to be close to get to get to them. And also, you know, the longer you play in the game, the more sort of health and wealth you build up. So you you could almost be like the NPC is where you feel. It's equivalent of you have a cough. You know when people get Coben and they say, Oh, it wasn't that bad. It was just like a mild flu. Or maybe somebody has access to, you know, very, very high and medicine. You know, it's different from some of the lower level players that people that just don't have the time to invest that much into their characters and build up. That health and those people were just getting wiped out like crazy, and you would really get sick. I mean, you would just listen. I like about the blood would come out of it wasn't it Wasn't like you just sort of like turned into a skeleton and disappeared. Yeah, that is pretty graphic. So this country attention of some epidemiologists in effect, Furman, who at the time was at Princeton and Eric Lofgren. So they were gamers. Also, they were like, also in World War craft at the time. Yeah, What was fascinating to them was not exactly the way that the virus spread in the game as much as the way people reacted to it, because his epidemiologists they would often do you know models try to figure out how are people going to behave on economist have talked about this lately to that for so long. They're mathematical models would assume that in any situation People would behave what they were considered to be rationally and so with world of Warcraft, Here's a virtual environment where most these characters are being controlled by real people, which meant that they could study the behavior in real time as to how people reacted in the situation like this. It was really fasting to them because they were reacting in ways that no mathematical model would have predicted. Yeah. Can you describe those reactions into some of the amazing similarities to hell? That epidemic mirrored our real life pandemic? No. Sure, So has the menu before the sort of subset of players who were inadvertently responsible for spreading the disease were hunters who they're, you know, they're digital pets got infected, So there was a lot of sort of scapegoating against these, You know hunters, and I mean, it's a much, much more serious situation, real world. But there's a lot of anti Asian racism that you know, immediately started when covert 19 came to the U. S. It is still going on today. There were fake cures being spread around and just Ton of misinformation and conspiracy theories. People thought the company of Blizzard had created it on purpose. Or maybe there was some disgruntled employee who had created it. It was very hard to get correct information in the sea of misinformation. Another thing that was really interesting was that there were people that were good Samaritans people with very high health points. You know, people had a lot of health and wanted to help use their you know, go into infected areas and use magical spells to cure people, But very often they overestimated how healthy there Characters were and then they would get infected well, and then you know, there's a subject you've talked about before on the show Briefers. Um, you know, in this case, you know, it's people that basically have very troll ish behavior online, and there are people that would actually go up and try to infect other people, Which you know doesn't happen very often. You very rarely hear stories about that. But actually, Blizzard wanted people to do social distancing. But you know, in a video game where the whole point is that you get to interact with other people through their avatars. Social distancing is not a fun way to play the game. And they were just a lot of people that simply didn't care. People are flooding the rules. People were being jerks, and then the other people who are taking it very seriously. We're upset, and we're just saying, you know, you're ruining the game for us. This is not a joke for us. And that kind of conflict in terms of you know how seriously do you take it from? How much do you follow the rules? That, you know, had a lot of interesting parallels as well. How How long did the epidemic last in World of Warcraft and how many players got infected? Unless for about a week, which obviously compared to what we've been through doesn't sound like much, but so at the time World War craft had about 6.5 million players around the world and over half of them. About four million were affected by the virus. So it was huge. I mean, you had to just kind of like, you know, escape to a virtual mountain top and let your character just sit there for the whole week. You go to your your virtual cabin in the woods if you wanted to avoid. This thing or just not log on which obviously for you, cos disastrous, All right. It's like, oh, boy. Time to go to the top of a mountain. Do nothing. My favorite game log back in and see if my character is still staring at the sky so the virus is spreading in the game. There's like unchecked spread. People are traveling all over the place, and eventually, things like Stop mirroring. Reality as I understand it, because unlike reality, World War craft has an all powerful game developer named Blizzard, right? Yeah. I mean, this is the thing where you know you wish you were living in a virtual world. They took control of the whole thing there. First. They tried to put in a bunch of patches to stop the virus and that wasn't working, And eventually they had to just reboot the whole system. Yeah. So one of the things I thought was really fascinating about your episode is that the epidemiologists really anticipated this wave of noncompliant behavior that popped up with our current pandemic. I'm going to play this clip from your podcast, imaginary worlds. Epidemiologist Eric Lofgren talking about that, and I think one of the things that we're seeing in parallel is a lot of people don't take infection seriously, if it is not personally a risk for them. So you see a lot of people talking about Corona virus, and I'm like, Well, I'm young. I'm healthy. The mortality rate isn't that high for me. So why should I care? And I think in the corrupted blood case There was a lot of that similar thing where, you know, Okay, This is bad if you're high level, but it's not all that big a deal. But like the server is being destroyed by this epidemic. The economy has been crippled. Everybody can we cooperate for a little bit and get rid of this? Is, I think, sort of the important parallel there. Yeah, it's just incredibly important that epidemiologists are not taken by surprise. To some extent. I mean, obviously they're surprising things about it, but it was not a complete shock to them. And I think because this kind of began to lay the groundwork for epidemiologist understand that people are not going to react like mathematical models and It's an important part of their messaging as well to the public is to is to anticipate that this is gonna happen and again, not be surprised by it. Yeah, we've had quite a few epidemiologist on the show over the past year. And it's almost like they have to be kind of part medical scientist Part social scientist It seems like yeah, they're really inseparable. And again, I've noticed, you know, economists over the years have been talking about this as well that too often that they based things off of these sort of mathematical ideas of what people will do, and people are obviously ah, lot more complicated. It's ironic that what seems like kind of virtual people You know, even though they're controlled by real people is is kind of what made them realize that Do you know what direction was like to this paper when it came out? And if it in the paper had any impact in the scientific community, especially in covert, so was I Guess it is huge. I'm in the paper when when the paper came out, it was huge. Eric Glass granted. Nina for vermin give a lot of talks. It was generally very, very well received paper people were pretty fast in and buy it, and it's and and had a really fun. You know, element do it in terms of video game that I imagine a lot of epidemiologist papers. Don't you know? Don't have so What do you take away from the story after you finished working on it? Well, the thing that I really thought about a lot was what counts is human contact to some extent, you know, that's so interesting to watch. These people interact virtually through this, you know, in in this virtual world because we've all been doing that over the last year. In a way we've all become Maura like players in a video game, you know where we have You know, even when you're on zoom. I mean, you're sort of constantly watching yourself on zoom and it's like there is kind of an avatar version of me that's interacting in this virtual world. And I just I feel like in a way, the whole world has become more like the world of work Craft. Over the last year, and I really began to see that coming when I worked on this episode, and so it's kind of played out exactly the way I thought.
Climate change is our reality. Here's how we're taking action
"Hello everyone. I'm al gore founder and chairman of the climate reality project. This extraordinary moment of great challenge and great loss is obviously also a moment of great awakening and a great opportunity. The global pandemic structural and institutional racism with it's horrific violence the worsening impacts of the climate crisis all of these have accelerated the emergence of a new and widespread collective understanding of our connection to the natural world the consequences of ignoring science and our sacred obligation to build a just society for all the climate reality project. Trains thousands of climate leaders around the world and all one hundred ninety. Five nations advocate for a future humanity deserves. You're about to hear from four very different people who've gone through this week long training and hear how they've been inspired to act. I want to let them speak for themselves. Beginning with he minna. Loria jimena is working in central america to influence public policy and develop young later. She has given presentations on climate of thousands of people and has now created her own gio on her. Costa rica in out two thousand sixteen. Cheney vicks training nine change. I found ngo cold Bells my job has been focused on for me. Orthodox they both sation climate change supporting i see anti-taliban young eaters. Environmental hours somehow having more why and fifty presentations on climate crisis visuals raging personally more than three thousand one hundred people in. I am also proud of being part of eco savvy. Casulaties defy mistake nasseri. Nanna furman born in. Indonesia is a climate advocate extraordinaire and calls herself. A daughter of the rainforest is the muslim coordinator for green faith and co founder of the global muslim climate network. My name is nona man and i am a climate reality leaders in my life journey. I realized that behavior and consumption habits have contributed in environmental degradation and have resulted in global warming. However i believe that people grow spiritually through a strong relationship with the earth being born in the rainforest region of sumatra. I believe in our of our forests as the nejra solution to our climate crisis by giving indigenous peoples and traditional communities more rights to protect and manage the forest where they left now more than ever. It is time for us to look climate justice at the and center of our struggle. It's in the kaduna region of northern nigeria. They call gloria song. Boulos the queen of the climate crisis. Gloria has also founded a cocoon abased. Ngo that is focused on education empowerment and climate as the chemicals plans into training apply for eighty two thousand seventeen house me to be into bill capacity afterwards and they spend on my various action really very of some of my one of chief manages to children of his junior to get up to talk about climate change disclosures of climate change. Some walks have gone around eating me. See the planet. I mean planets scenes.
"We're going to start in the early nineties back before this shift. When the old rules about government borrowing still applied. Bill clinton had just been elected president. He appointed an economist named laura tyson to be one of his top advisors and she looked at the economy and she saw this glaring problem year after year. Both government deficits and interest rates. Were going up and then he said omega if we don't get a hold of this federal deficit than that trend will continue. Those rates will continue upward. That was a very significant concern. Higher interest rates were concerned for a couple of reasons for one thing. Obviously they meant that the government had to pay more to borrow money but also when interest rates for the government went up. Interest rates also went up for everybody else. And that's it up this whole cascade of problems so we're people won't buy as many houses. There won't be as many houses constructed in their wealth as much capital equipment invested in and investments in important part of the Economic growth in your all sorts of every interest sensitive part of the economy the way the government runs a deficit. The way it borrows money is by selling bonds treasury bonds. The government says to really anybody. Okay lend us whatever one hundred dollars and in say ten years we will pay you back with interest will pay you back one hundred twenty dollars. The bond is basically the government's i. Iou you that it will pay back that loan with interest and during the clinton administration because of that link between deficits and interest rates. Everybody in the white house talked about treasury bonds about the bond market time. James carville was a political advisor to president. Clinton was just an obsession. In the early days of clinton's everybody say what's the bond market could house bot mocking react to hell multiple. i don't know it just became this omnipresent. The heart of every conversation. James carville was not an economics guy but as he spent time at the white house he realized that sort of bizarrely all these people who worked there making policy the people who had what seemed like the most powerful jobs in the world. We're in fact terrified of the bond market so when a reporter from the wall street journal called up carville to talk about the bond market. He came up with this line that became sort of famous or at least bond market famous kid. I wanted to grow up with four hundred hitter. The pope and the president. But i just want to be the bond. Market's gonna scare the hell out of everybody pleat. What did he say. A what a hundred hitter like in baseball pope the president baseball. I cannot tell you how many times he said that's me. Every meeting every meeting a lot of my memories are about carville sort of making jokes about you. Know you issues as a bond trader bond traders. These are the people who work in finance all around the world who manage a bunch of money. Generally other people's money pension funds or college endowments that kind of thing and every day they decide what bonds to buy and what bonds to sell what companies and countries to lend to and what companies and countries to not lend to to stop lending to and like with any lender bond traders worry about lending more money to a borrower who is already borrowing a lot because all that borrowing makes it more risky and so to compensate for that risk bond traders demand a higher interest rate. They stop lending until rates. Go up and this bond traders demanding higher interest rates when the government is borrowing more money. This is the scenario that everyone was so worried about people. Were so afraid of this that there was even a special term for the bond traders. Who do this bond vigilantes. Bill clinton has convinced. The bond vigilantes are scary and in fact he decides the us needs to bring the deficit down. He decides to build a whole economic plan around getting rid of the deficit. One of the economists he brought in to make that happen was jason and a central argument. That we made was if you do this. It will lower interest rates and interest rates are lower will have more investment and more economic growth and sort of amazingly. All of this happened. They did raise taxes and cut spending and get the deficit down. In fact by the end of the clinton administration the deficit felt all the way to zero. And what came next was sort of a golden moment for the economy in silicon valley. There was the dot com boom but really the whole economy was doing great businesses of all kinds. Were doing well. Ordinary workers were getting breezes lower deficits lead to lower interest rates which led to more investment. And that was good for basically everybody. The system was working. The next big moment in the story comes right after the financial crisis of two thousand eight and this is the moment when everything is about to change when this big shift in the way the world works is about to happen but nobody quite nosy yet. Brock obama has just been elected. President obama brings in clinton's guy. Jason furman as one of his economic advisors and ferment. Goes into this meeting to discuss. How big of a stimulus. Bill obama should push for as he takes office. We met with the president-elect december sixteenth two thousand eight and we're all crowded together in a conference room. I think it was in a law firm in chicago and he wanted it to be big. He wanted to be bold but there was this worry. The stimulus was going to be funded with deficit. Spending government was going to borrow the money. And some of obama's own economic advisers worried that borrowing and spending too much money might actually harm the economy for that classic reason
"furman" Discussed on Damn Good Brands
"Welcome back to damn good brands that firm and serves as chief communications and public affairs officer at best. Buy where he's been since. Two thousand twelve matt is responsible for communications both internal and external as well as government affairs. Cssr and community relations. In addition matt manages event. Planning best buys in house production studio before joining the minneapolis. Retailer matt held the vice president of corporate affairs position at mars chocolate earlier. Gigs included communications leadership positions. At google and cnn matt worked in the administrations of bill. Clinton and rudy giuliani as well a graduate of the american university school of law. That is a licensed attorney and has been a member of journalism and mass. Communications adjunct faculty. At the university of minnesota this conversation matt gets into why storytelling more important than data as well as the importance of championing truth in matters of i all of this and so much more on. Today's episode of damn good brands now but further. Ado please enjoy this conversation with best. Buy see ceo. Matt furman in conversation with libby taylor. Ceo paul dyer. Hello and welcome back. This is ball dyer with libby taylor and i'm joined today by matt. Furman matt is chief communications and public affairs officer. At best buy a position. He has held for the last eight years matt. Thank you for joining us here today. It's a pleasure to be here. Thank you for having me so mad. I wanted to actually Jump in by connecting this conversation with a really interesting conversation on this show just last week with jeff. Jeff is the chief communications officer bentley motors. He spent his whole career in the automotive industry so he emphasized the importance of getting to know the business you am and he actually de emphasized the importance of the general communications industry gatherings like the author page summit. Things like that. You're someone who has worked in a wide range of industries. You've cnn. Google mars chocolate now. Best is very different industries some curious for your thoughts on the importance of pan..
"furman" Discussed on ESPN Chicago 1000 - WMVP
"Furman at Todd Furman on Twitter in the Bet the board podcast. Mike North has his bonus play coming up and the real art of the deal That's next. You're listening to Carmen in your coat on ESPN 1000, Chicago's home for Sports. Wow and Sylvie Gideon and displaying. I'm at this inclusive resort and I am drinking and getting very drunk. My seventh grade science teacher walks in, and I had a crush on the seventh straight science teacher back in the day, So she walked into this resort into the bar and I go up to her. I'm drunk out of my mind, and I kissed her on the cheek includes Wow. Wow. What did she do when you did? That was he was like, Oh, my get in, and she gave me a hug. But why don't you say she gave you a room to lie about someone say that they had chemistry. Thank you Missed something. Get out. Show yourself out. Waddle and Sylvie podcast available now or listen. Live each weekday from 2 to 6 on ESPN 1000 and the all new ESPN Chicago app. Happy Friday. Your body, your pal Randy American. Here celebrate the 55th edition of the big game with exclusive 55. 5 to 1 odds on Fanduel Paradise Sports Book. And if you've never tried fandom before, new users can bet on either team and get 55 to 1 odds when Kansas City takes on Tampa Bay. That's right. You can bet $5 to win 275. If you pick the winner of the big game on February, 7th Todd just mentioned that he's kind of going looking. We went with the box early. I'm kind of going to the boxes. Well, never bet against Tom Brady. I've been betting football on Fanta all season long. You might ask why we'll tell you why it's easy to use easy to register. Easy to deposit and easy to find your bet. And best of all. Your winnings safely in less than 24 hours. Just download the Fanjuls.
"furman" Discussed on 77WABC Radio
"Jason Furman talks about how the supply side isn't the promise that demand side. I think he's wrong. Americans sitting on so much cash right now. Yes, I understand that there are people who don't have that. Overall, there's a tremendous urge to spend pent up demand, and I think very quickly our economy will bounce back, and a lot of this relief will not be needed again. His idea about tying The flow of benefits to some measurements of economic activity. I think that's actually smart quickly. Mr Biden is declared a halt to oil and gas leasing on federal lands. He's made remarks about fracking, and he's indicated that he's moving the Federal fleet, a car fleet to electric. I do not see this in the price of anything yet. Is this a price to be paid because oil and gas energy in general employ hundreds of thousands of good paying jobs? Yeah. So what Fine is done, I think is incredibly stupid. Uh, the United States surge in domestic energy production has been a miracle. It has fallen off now, but not because of strictures like leasing, but rather because of the price being so low, the price has now recovered to the point where oil drilling is starting to turn back up again. Biden is a kind of virtue, signaling so less that is all in on climate change. I think it's a really bad decision. I think this Keystone decision will come back to bite him. It's extremely unpopular even with a lot of union workers because it's gonna cost a lot of jobs. And I think politically, John to your point as we go into the next midterms in states like California. I'm sorry, Pennsylvania, where fracking is a big deal, and by the way, fracking is a big deal for all of almost all oil and gas production. Now, this is not a fringe activity. This is essential tart, maintaining our oil and gas production. I think it's going to hurt Democrats to be cutting down on this. The other thing that it just doesn't get nearly enough commentary is that U. S oil and gas production is incredibly important. She had politically the more oil and gas we produce less Russia gets to produce, the more we keep a lid on prices, the better for Americans. And the worst for Russia. If we're really and by the way, China if we're really concerned about Maintaining our balance of power in our importance in the world she had politically cutting back on on gas production is a terrible, terrible idea. This peak columnist at the Hill and it Fox News, often on Fox business, We turned to politics snake next. The impeachment trial set for the middle of February unless I'm John Bachelor, this is the John by John Basso.
"furman" Discussed on 600 WREC
"Hey, JT. Good morning. Yeah. You still hear those? You hear those sounds. You see the images and you still think was that just a bad dream that we all went through yesterday? Unfortunately, not that for the first time in decades, there was an incursion into the U. S Capitol last time, something like this happened and shots were fired in there was back in the fifties, when Puerto Rican activists Barged in. Unfortunately, a woman lost her life when she was shot killed inside the Capitol. Just incomprehensible. Really. I mean, we've been around for a long time and never seen anything like this. Yeah, Bill, When? When I heard about this. I was actually playing golf yesterday with Michael. He was in town, and I saw the images saw the videos that were, you know, on my phone that were posted. Immediately talk to folks here back at the radio station. As you know, you know, fill me in what's going on and actually got a call David, let's play Darryl Furman's call for me that came in yesterday afternoon. Darryl Furman is a guy that works with Letterman for the U. S. A. Which is a nonprofit organization here that raises money for veterans, and he was actually there and we're gonna be talking to him a little bit later, but I want to. I want you to hear the the tone of his voice and just, you know, you can hear the fear and just the you know. Oh, my God. Uh, You know, emotion coming from this phone call that he left me a voicemail. Listen to this. JK Darryl Forman! Way our capital. All these other Trump supporters. And we're being fired upon by Capitol police that your gas and smoke tonight Nobody here is armed. But they are firing smoke grenades and tear gas on Trump supporters and the trump supporters of surrounded. Captain Nobody here is armed up. Everybody is here is here in peace. They're far in wild janitors. I just got hit with one myself. I'm telling I'm news things. They're like. They're like a four turn French revolution. I'll tell it to you later. I just thought you'd wanna know. If you just I mean, you can hear the craziness going on in the background and you you wonder you know how much of this was, you know, Antifa infiltrating themselves into this. To make things look like these air trump supporters when the Trump supporters were trying to keep things peaceful. Yeah, Now you and you're always gonna have that faction And that is a legitimate question where their people there just to cause trouble not caring about any of the issues or one side of the other Trump supporters. Anti Trump were just there to cause trouble. That's always a possibility. And undoubtedly, there were some people they're now having said that. There were people armed there J T. In fact, a number of people were arrested for carrying firearms in that region that were in that crowd. In fact, one of the men that was with the woman who was shot and killed in the Capitol was carrying a weapon. S O. There were people that were armed there in the group of protesters. The other part of it is that that area around the capital, especially now, during the pandemic, his clothes is closed to the public. You're not allowed there. So, uh, technically, everybody there was trespassing on guy. You know, I'm not sure why the decision was made. Fire to your gas or smoke bombs or whatever, but that area is off limits to the general public. And perhaps you were just trying to enforce that and disperse the crowd with any other type of violence, but unfortunately, it was an ugly scene. That got out of control. And it's something that will leave a smudge really on a U. S history. It was terrible, and I hate seeing the violence to and I hate seeing the country get to where it is right now. We're certainly polarized and divided in this nation. And you know, we've got to get get back to some semblance of, you know, calm. And we need a lot of prayer and in our nation right now, Bill. Thank you for the update. I appreciate you if you didn't catch.
"furman" Discussed on 600 WREC
"Good morning. Welcome in Hey, JT. Good morning. Yeah. You still hear those? You hear those sounds? You see the images and you still think was that just a bad dream that we all went through yesterday? Unfortunately, not That for the first time in decades, there was an incursion into the U. S Capitol. Last time, something like this happened and shots were fired, and there was back in the fifties when Puerto Rican activists barged in. Unfortunately, a woman lost her life when she was shot killed inside the Capitol. Just in comprehend Well, really, I mean, we've been around for a long time and Never seen anything like this. Yeah, Bill, When? When I heard about this. I was actually playing golf yesterday with Michael. He was in town, and I saw the images saw the videos that were, you know, on my phone that were posted. Immediately talked to folks here back in the radio station. As you know, you know, fill me in what's going on and actually got a call David, let's play Darryl Furman's call for me. That came in yesterday afternoon. Darryl Furman is a guy that works with Letterman for the U. S. A. Which is a nonprofit organization here that raises money for veterans and he was actually there and we're gonna be talking to him a little bit later, but I want to. I want you to hear the tone of his voice and just, you know, you can hear the fear and just the you know. Oh, my God. Uh, You know, emotion coming from this phone call that he left me a voicemail. Listen to this. They say, Gerald Furman Way our capital all these other Trump supporters. And we're being fired upon by Capitol police that your gas and smoke tonight Nobody here is armed. But they are firing smoke grenades and tear gas on Trump supporters and the trump supporters of surrounded, Captain Nobody Here is arms up. Everybody is here is here in peace. They're far in love canisters. I just got hit with one myself. I'm telling you, I'm news things like they're like a four turn French revolution. I'll tell if you like. I just thought you'd wanna know this guy. It just I mean, you can hear the craziness going on in the background and you You wonder you know how much of this was, you know, Antifa infiltrating themselves into this. To make things look like these air trump supporters when the Trump supporters were trying to keep things peaceful. Yeah, Now you and you're always gonna have that faction And that is a legitimate question where their people there just to cause trouble not caring about any of the issues or one side of the other Trump supporters. Anti Trump were just there to cause trouble. That's always a possibility. And undoubtedly, there were some people they're now having said that. There were people armed there J T. In fact, a number of people were arrested for carrying firearms in that region that were in that crowd. In fact, one of the men that was with the woman who was shot and killed in the Capitol was carrying a weapon. S O. There were people that were armed there in the group of protesters. The other part of it is that that area around the capital, especially now, during the pandemic, his clothes is closed to the public. You're not allowed there. So, uh, technically, everybody there was trespassing on guy. You know, I'm not sure why the decision was made. Fire to your gas or smoke bombs or whatever, but that area is off limits to the general public. And perhaps you were just trying to enforce that and disperse the crowd with any other type of violence, but unfortunately, it was an ugly scene. That got out of control. And it's something that will leave a smudge really on the U. S history. It was terrible. And I hate seeing the violence to and I hate seeing the country get to where it is right now. We're certainly polarized and divided in this nation. And you know, we've got to get get back to some semblance of, you know, calm. And we need a lot of prayer and in our nation right now, Bill. Thank you for the update. I appreciate you if you.
"furman" Discussed on 600 WREC
"Just incredible. Darryl Furman, who was on with us earlier this morning is back. Now he's in Washington was part of the protests as well. Darryl is also part of an organization called Lettering for Yusa. An organization that raises money for veterans here in Alabama. Daryl Welcome back, So you've had some time to process all of this and reflect on it. You were right in the heart of all of the madness around pepper spray and tear. Grab the tear gas You saw Auntie for coming through there, but the people inside the Capitol. I think we're a combination of both The push the woman that was killed, obviously not part of Antifa. She was a 14 year veteran, the guy that sat in one of the Congress People's chair was it was a legit Trumper supporters. So there was a combination of both. But I do believe that the majority of these folks that were violent and all this We're anti very Are you feeling the same way on that as well? Yeah, well, there are a million people there. I'm mean that's the way he looked at me. I didn't kill him course. But I mean, I could see people all the way back to the Washington Monument. And just like a sea of people. Okay, all the way up to the Capitol and the When the folks came in at 9 28. They came in. Would. They were escorted by the metro police and two white bosses, and that's you know that those bad folks that caused the ma'am and we stopped people. Somebody my own party actually stopped. One of these guys from breaking out of window in the Capitol building. On, so I don't want you mean trump people. Mega people are not their toe were there to protest? It's not about Donald Trump anymore. By the way, this is about election integrity. This is about the fact that we want free elections going for me. I don't want to get too deep here. But you know, we've got something called a social contract, Rizzo wrote about his French philosopher. If you broke the social contract to break society, well, they've done that by industrial voter fraud and a lot of the people that were here know that. Now whether they want it. You know how they want to spin it that I can't stop that. But I can tell you someone that I witnessed to it. I saw What happened And it was it was. I will still can't process that we were fired upon. That's what I know. I know it was awful. Darryl. I appreciate your thoughts this morning. Thank you. Darryl Furman in Washington D C this morning and you know, I agree with Darryl. This is ah, bigger picture than just Donald Trump. This is about our nation. How we came under fire immediately after he won how the Democrats continue the wave of hate against him the climate of this country that's been said And where we're at now, including the election process. I think there is enough smoke to really increase the investigation into what took place to fix the problems that took place. Um, no matter what side adventure on, you have to admit that this election had problems and that's got to be worked out before the next election in this country, or this will just continue..
"furman" Discussed on TT Filmpodcast
"Thinking of ending. Things coming. home is terribly lonely. Think the oppressive barometric pressure back where you have just come from with fondness is. Everything's worse once your home. Think the furman clinging to the grass stocks long hours on the road roadside assistance and ice creams and a peculiar shapes of certain clouds and silences decision peterman than at the door obviously not ordinary at all if something lighted sloot. Ud feel door lead to a glass. Meet the vinton. You can hold it. Defeats sox boards to own. That creepy creepy not discontinued yet to know keffer hans corell yet. Gloucester into site. If they're off for data. You may nine hundred yet to speak in baltimore. Song that day laura Dick lebeau slice up now. Lead also nine where liquor clearer meaning and mafia mila. Y'all less in undersold them if the book phelan eight. Four wheel us. Rq they on both teams you intimate and i'm only so many dem's book in a. Yeah if he laments matt feel as full-time buchen stove target your your into off. In fact this y'all to up them to cod. i mean letter. What after all that some other. Who had all yet scores. Twenty four million feel nay they ban with summer hotel smith. Okay i come me into wet also man enemy and nee can say i won't be Ronan estan k. Damn feed them as.
"furman" Discussed on WIBC 93.1FM
"To think big as they begin a general Assembly session dominated by the pandemic. Heimerich Furman on the session's opening day minority leader filled, she acquitted, said the pandemic has exposed gaps in Indiana Social service safety net and the cause of what he calls an unglamorous and lethal record in public health. We're currently waging war against a virus that we know attacks, Hoosiers with underlying medical conditions that existed prior to contracting covert 19 were ranked low and obesity. Smoking and other key public health metrics. Republicans have said the rule out a package of public health bills but haven't given specifics yet. Eric Berman 93 WNBC Mobile Me It's still not clear if you'll be able to go to any begin see double a men's basketball tournament games. But the players and coaches and staff will be tested regularly for covert 19 When those games all of them are played in March in Indiana. We're not naive about how hard this is gonna be. The pandemic is still very much alive on it's going to be in March and see double A president Mark Emmert, Andy, host all of Division one Evansville host division to the division. Three games will be played in Fort Wayne. Whether the New Year is better for business is in Indiana could depend partly on you. One of the big questions, obviously, is how the vaccine rollout of the vaccine and how that continues to play out. Consumer confidence are consumers gonna come back and they're going to spend money. Are they gonna buy things They're going to go out to eat at levels that they were before Gary Dick with inside Indiana business on Tony Cats in the morning news, he says, don't expect a big recovery in the first half of the year. You're sure the players bring some skill to the game, But if I don't put them in my lineup, who cares? Not me. I'm Eric Robi. No fantasy baseball, GM and league runner up two of the last nine years, I used the.
Hopes dimming for another round of stimulus checks in 2020
"Regardless of a vaccine for so many americans. This is emergency time. We're so close. There is a light at the end of the tunnel and yet people are going to the hospital now. Businesses are getting closed now and without financial relief a lot. More people will lose their jobs some getting ready to spend their first winter in homeless shelters but this week you're also seeing some hope in washington that a deal can get done for the first time in months it seems. Lawmakers are close to passing another round of support. Compromise is within reach behind the scenes. There was clearly some bipartisan cooperation. Happening for example many democrats wanted direct stimulus checks sent to americans will it now appears some republicans and perhaps even the white house itself may be on board with that idea. Some workers have gotten sick. Have sued their employers for not protecting them better from the virus. Republicans wanted to shield corporations from that type of lawsuit. Mitch mcconnell is no longer saying that really has to be included. But they're so lots of hangups lots of reasons. This could be sunk so this morning. I don't want to talk about the partisan back and forth. I wanna ask a simple question what happens. Congress does not pass a code relief. Bill what are the consequences days weeks and months from now. Abc's chief business and economics correspondent. Rebecca jarvis is here rebecca. Can you smell it the stakes for me at the capital this week will brad incredibly important. It is make or break. It's life or death. I'm just day by day trying to figure it out day. Bonday that in the pocket of for example a single mother like angel recently spoke to in detroit who works in a hospital makes minimum wage. Therein has three school age. Children were that school. As of last friday is no longer available to her in person. The choice of work and kids shouldn't be a choice. I want to be the best mom i can be. This could be the difference between her being able to afford to pay for childcare to have someone come to her home or to even drop her children off at daycare or her potentially having to quit her job because she has no other alternative to care for her children and at the same time work so it's been challenging trying to keep going to work and prevent being far low or fire to keep you know inconsequential our lives and our lifestyles. But at the same time some nights. I go to sleep. And i'm like why am i going to work. What are the domino's that would actually fall. Just nothing happened like. Can you walk me through how that would play out from. The halls of washington to small business will two things especially are hammering. Small businesses and many small businesses in this country happened to be independent restaurants. They have not given us money and they have shut us down. We cannot survive. My staff cannot survive in one case particularly in california. You have a number of restaurants who've been told to close their doors because of the spike in cova cases now that we are going to close the outside. It's of our employees go home. And how are they going to pay their bills in new york while restaurants can remain open and they can serve primarily outdoors. They have a tipping point because things have just gotten so cold that as goldman sachs estimates about forty degrees. Is the tipping point where people are no longer going to be interested in dining outside while we're there in new york. The summer has just been a disaster to scott freezing cold after thanksgiving and the world has just completely fallen apart. Earlier this year in september the national restaurant association pulled all of its members and said how many of you can make it. The next six months without any additional aid from the government forty percent of the national restaurant association members. These are small independent restaurants across the country. Said they weren't gonna make it six months without help. That was three months ago. We're already in the territory where they weren't sure they were going to be able to survive. We see all these posters that were all in this together but it doesn't seem like we are when a particular industry as being targeted stricter than others for many of them. they're using their home as collateral their mortgage as collateral. What does it mean if they go out of business it means they could lose their home. It also means that their retirement savings for for many small businesses. The retirement account is the business itself. You've seen from j. p. morgan for example. They're now estimating the first quarter of next year. We'll see negative economic growth Moody's they're saying at this point that without help from the government we will see a double dip recession. And that's really what we're talking about here brad. What's you're not just envisioning like stays really bad. You're envisioning a scenario where it could even get a lot worse really suddenly affecting everyone with a potential deal rebecca here. I'm sure the average person would just take what they can get. But when you talk to economists business leaders are there things that need to be in this deal to avoid that disaster scenario. You just talked about well brad. According to a group of more than one. Hundred and twenty-five economists including jason furman who's a former top economic advisor to president obama. Those direct cash payments to american families are incredibly important. I need the help. My kid's name to eight other people's kids. The the the thing about stimulus checks is that they're one of the fastest ways to get people money that money gets spent immediately and it gets spent immediately in ways that can help give the economy a little bit of juice at a time where people have been pulling back but once you start looking at what various analysts in what economists are calling for. They're saying at this point sooner rather than bigger is better in fact If you look at what. Bank of america's chief economist is calling for right now. She wants to see money for testing for the vaccine and contact tracing pandemic employment insurance. That's the employment insurance for gig workers and people who have lost coverage because they've already extended out all of the benefits because they've been collecting benefits for too long and then direct aid to small businesses. Moody's mark zandi adds to that list. Rental assistance among the programs ending soon is the cdc eviction moratorium. If it expires it will lead up to five million tenants facing eviction in january the beginning of winter. I've never been in this situation ever before my life. I've never had to come out to beg for help. And even calling any of this stimulus is sort of a misnomer. It's really about relief. So that people can just get to the other side.
SCOTUS appears skeptical of excluding undocumented immigrants from census
"The U. S. Supreme Court is deciding whether President Trump can exclude illegal immigrants from the census count. The real issue. Maybe whether it's too soon for the court to weigh in Eric Berman reports, a lower court ruled Trump's July order to not count undocumented immigrants is unlawful. More complicated is whether there's anything to sue over before that count is delivered. 22 States contend there is if you're challenged it. After happens, they're uncertain about whether they're getting a representative or whatever the number. Is it small problems back to have to sort that out afterwards, you py McKinney School of law Professor Gerard Meckley, aka says If the court rules it's too soon the case will probably be back before them later. Eric Furman 93. W I. B C
UK to launch new watchdog next year to police tech giants
"Will create a new watchdog to police. Big tech companies, including Google and Facebook. The AP Syria. Shockley reports the U. K government says that setting up a digital markets unit next year to enforce a new code of conduct governing the behavior off tech giants that dominate the online advertising market. The digital markets. Units scheduled to launch in April will oversee a new regulatory regime for tech companies that's aimed at spurring more competition. The measures were foreshadowed in findings, but former Obama economic advisor Jason Furman, who was commissioned by the UK Treasury to carry out the review off the digital economy. Sarah Shockley, London, Delta
Has Globalization Undermined the American Working Class?
"America's working class has been cheated is an assertion that has been getting a lot of currency lately are last presidential election went deep on that claim in both parties by the way and the culprit most often blamed for that. It's that monstrous five syllable word globalization, the philosophy and the practice of free trade which has been great for companies and for shareholders but has had a devastating impact. It is argued on the American working woman and. Man Well Economist do agree that in the past four decades the American working class, which we're defining tonight as people who lack a four year college degree. They have seen flat wages and a steady disappearance of good jobs. But is globalization a main reason that that's happening to those workers and for those workers is globalization entirely bad. Well, we think this has the makings of a debate. So let's have it. Yes or no to this statement globalization. has undermined. America's working. Class I'm John Donavan, and I stand between two teams of experts in this topic who argue for and against this resolution globalization has undermined America's working class as always. Our debate will go in three rounds and then our live audience here at the Saint Regis Hotel and Aspen Colorado where we are appearing in partnership with the Aspen Ideas Festival will choose the winner and as always if all goes well civil discourse, we'll. Also win a resolution once again, globalization has undermined America's Working Class Jared Bernstein you have debated with us before. So welcome back you're a senior fellow at the center on Budget and policy priorities. You were Vice President Joe. Biden's chief economist. The last time you debated with US interestingly Jason Furman who is your opponent at the other table tonight was your debate partner as a team you were formidable formidable I, almost want to use the French pronunciation. Formula, so are you planning to use your insiders knowledge of Jason's debate battles against him to very much am the way to do that with Jason is to make a lot of sports analogies because they repealing confusing. All right. Thank you and I see you detail to Aspen. You were a to aspen well I. Think the guy with the tie is the guy you want to listen to, but I'll let you decide. All right. Thanks very much. Jared Bernstein and can tell us who your partner is. This someone I've known for twenty five years she's a dear friend of mine and I consider her my mentor in this topic feely gentlemen feeling. Theo welcome to intelligence squared your president of the Economic Policy Institute. You've spent two decades as an economist for the AFL CIO, which is America's largest federation of unions. It represents some twelve point, five, million working women and men. You've spent twenty five years working on trade policy. So what got you interested in trade? Well, when I came to Washington in the early nineties I got drawn. INTO THE NAFTA debate the North American Free Trade. Agreement. And I realized pretty early on that. This was not some kind of a dry text book discussion about tariffs but it was a transnational battle over democracy good jobs, workers, rights, and regulation. So I was hooked because a lots at stake a lot is at stake. Okay. Thanks very much thelia once again, team arguing for the motion. And motion again, globalization has undermined America's working class. We have to debaters arguing against it, I Jason Firm. Welcome back to intelligence squared Jason you're a professor of the practice of economic policy at the Harvard Kennedy School you're a senior fellow at the Peterson Institute for International Economics, you were Chairman of the Council of Economic Advisers under President Obama tonight. As we said, you're going to be debating your former colleague Jared Bernstein on the impact of globalization. So is this the first time you to have debated the globalization issue with each other jared and I agree on I'd say about ninety five percent of economic issues and my goal tonight is to bring to one hundred percent. Thanks very much Jason and can you tell us who your partner is someone I've only known for a few years and every single thing. He's ever told me I have believed James Manica Legitimate James Manyika. Welcome the first time telling squared you're a senior partner at McKinsey, and company you're the chairman of their economics research arm, the McKinsey Global Institute, your first time debating with us. But not your first debate you debated at Oxford I did you studied robotics and computers earlier in your career you were visiting scientist at NASA. So how do you go from very eclectic from robotics and space to thinking about trade policy? In American. Workers I've always been fascinated by the kinds of technologies that drive innovation and growth, but also affects what will people in the real world actually do. So when you put that together with the economy, these issues around trade and workforce become very, very important. Those are the issues that motive a great perspective to bring here and then once again, thank you. Thank you again to the team arguing against them.
Masks, Covid & Nutrition Highlights
"Hey thanks for listening I'm your host, Samantha Leigh Right today, we have a slightly different kinds of episode coming your way in light of all of the things happening with covid nineteen. I, wanted to do a special episode highlighting the foundations of Health for you all focused around the corona virus really wanted to cover the topic of mask specifically because there's so many questions that people have centered around mask right now and I know that I, personally have been wanting some clarity around. How mask are effective why are people saying sometimes, they're not and what the debate on both sides, and then also specifically, what else can we be doing in our lives to boost our immune systems protect ourselves from the scary seaward that's going around right now. So today's episode unlike most of our shows don't focus a lot around the topic of central oils but I really wanted the opportunity to talk to Dr Furman whose work I really admire if you're not familiar with his work. I think you're really going to like what he has to say. So we'll get to that interview soon. But first, let's talk about essential oils for a little while I wanted to share my favorite oils from this past week. Am that has been the thieves chest rub? That is a fairly new product coming from young living right now, if you haven't experienced it yet, it is a chest rub formula that comes in this great little squeeze bottle where you don't have to get your hands all greasy to apply it, which is one of my favorite things about it. So if you WANNA check it out or if you want to try to make your own version of it, you could. Buy One of those empties kind of squirt bottles from Amazon or wherever, or just use like an old squirt bottle. You've got lying around anything that will allow you to fill your own formula of stuff and then squeeze a little bit of the top will do and it is a combination of eucalyptus essential oil menthol and camphor. As you might be able to hear, I've got a little bit of flim stuck down in my chest and I've been putting the thieves chester up on at night especially at night. When you lay down, you've got that extra kind of weight of gravity and that's when when the cough likes to come out. So putting the chest rub on is so soothing. It smells so good. Now, if you WANNA make your own kind of chest rub concoction than I would use a base of coconut oil and maybe even some CA- cow butter or and or beeswax shaving shaven down because what you want is a real thick carrier oil base for this because you don't want the oil soak into your chest and your skin too. Quickly, you wanted to act as sort of an on going vapor that's going to be releasing from that chest rub so you WANNA thick carrier oil base again, beeswax is great for that. If you have some of that, you can shave it down and melted a bit and then from there do a real strong concoction if. You're making a small batch may be twenty to thirty drops of an essential oil nice and strong of mainly Eucalyptus. That's the Go-to for all things respiratory. So whatever eucalyptus oils you have around or blends of our great. If you want to add some other things in there to support your immune system, I would throw in some peppermint open up those nasal passageways maybe nice. Irby oil like Rosemary or time or Oregano. T tree is Great Franken Census Grey also any of those oils you have thrown into that nice thick carrier oil use it as a gesture of as needed or check out the thieves chest rub is easy to apply real strong, real potent, and give it five stars. And now, I'm super excited to share this week's DIY dugout recipe. It comes from Deborah Shannon in Atkins Arkansas and it is a recipe for a citrus phys the sounds. So delicious in glass combined the following ingredients and mix thoroughly half a can to one can of sparkling water one packet of Stevia, two drops, grapefruit essential oil, and then optional if you have any inning sherrod around at one to two ounces of Nick. Sharad. If you don't have Ningxia ride, which is a great will ferry puree juice that young living makes you can add in maybe another dark red kind of juice like Cherry juice pomegranate or something, and then ice. So just combine all that and you've got yourself a citrus phys.
Democratic Economist Predicts A Rosy Economy That May Work In Trump's Favor
"It's the economy stupid they line up widely attributed to democratic strategist James carvel carvel helped run bill Clinton's winning campaign for president back in nineteen ninety two so how much might be twenty twenty presidential election hinge on the economy and economy by the way with historic levels of unemployment double digit contractions in economic growth large sectors of the economy shut down for weeks now months well because of the corona virus will it is tempting to think all of that would be an albatross for president trump but maybe not so says Jason Furman a Democrat and economist and chair of president Obama's council of economic advisers he has got a theory that the economy could it be a winner for Republicans this fall and he is here now to make the case Jason Furman welcome thanks for having me so your argument is that yes said complete economic carnage right now the economy the data is dire but then in the coming months we could see the best economic data in history really make the case so I'm not a political forecaster I'll tell you what I think's gonna happen the economy then can speculate about what it means for the economy economy collapsed over a one month period from mid March to mid April after that it's gone from very very very bad to what on election day will probably just be very bad now the difference between very very very bad and very bad will be four months in a row when we might see more than a million jobs created a month when we might see the unemployment rate falling really rapidly and so if you just focus on the most recent data there will be a case that one can make with a straight face that we're seeing you know the fastest economic recovery ever so you're saying the numbers might still actually be bad come fall but they would be moving in the right direction if you're president trump and thinking this might help your reelection prospects yeah and and I don't expect that right direction to last forever but could it is the first phase of the recovery is the fastest part that's where you turn the lights back on in your business that's where the furloughed workers get called back and that can lead to a rapid decline in the unemployment rate a rapid increase in jobs even at the end of that process you'll still have an unemployment rate in the double digits and you know what I think a lot of the debate will hinge on is you know the unemployment rate is twelve that's terrible or the unemployment rate has come down really far from you know the twenty percent it was out earlier in the year isn't that great nobody knows what the fall will bring of course but it does seem the base than expected second wave of the virus would follow up with throw a serious flying they want out of this argument yes the second wave a large second wave would make this wrong it is what most economic forecasters are expecting right now and but I do think you know the Great Depression forecasts and the like are setting the bar in the wrong place we are very unlikely to have something like the Great Depression we are much more likely to have a very bad reception is very bad recession is a problem I think we should be doing everything we can to avoid it but for some people you know there may be a relief that you know it will appear as if the worst is behind us I do I mean the politics and economics are hard to untangle here because we are in an election year and and inside of six months from that presidential election how how tricky a spot does this put Democrats in it in the sense that everybody just about everybody but surely wants the economy to recover we would all like to see it doing better but if it does does that play straight to president trump's advantage come November I think the relevant question for voters in November will be who has a better plan to make the economy better in twenty twenty one twenty twenty to twenty twenty three who has a plan for infrastructure for training for paid leave you know whatever it is you think you're going to need for the recovery of the economy on a sustained basis that is Jason Furman he's an economics professor at Harvard and he served as chair of the council of economic advisers to president Obama Jason Furman thank you