39 Burst results for "Jeff bezos"
Fresh update on "jeff bezos" discussed on Networth Radio
"A drawdown of correction somewhere in the 5 to 10%, but those are normal since the financial crisis. There have been 24 different drawdowns and corrections, and we continue to move out of those eventually and continue to make new highs in the market Network radio well into the second decade of bringing you the best and financial news and investment performance intelligence Now here's My dad spent some Welcome back to network radio dot com. We are devoted to your success as an investor helping you make great decisions. Identifying which headlines may steer you in the wrong way and identifying what the CIS were working on right now, or the C S. Um, And which one of those maybe feces? You know, when we're wrong, we admit it. I'm just saying, that's uh, just just where we are. You know, So, um, you're funny story about fraternities. Yeah. Okay, So I was five campsite. Texas. Okay, Okay. And engineering route to business. Right? So, um The fraternity across the street. They didn't call spy size where they go, you feces? Yeah, you know, fraternity, so they're not nice to each other usually okay, free money. Can I give you money? Money? Yeah. Okay, so porch Group, this is Porch group. This is study and the current state of the capital markets. When it relates to stuff that could be overpriced. Can I make the premise? So porridge says, provides software and services to more than 11,000 homes. Service Industries worldwide. Yes, it's like alarm security stuff like that, Okay? Oh, A provider of home warranty policies. They acquired them. Okay. Yeah. Homeward E. Yeah, that's where, like you need a new dishwasher and you gave him 1000 bucks. It's closing. And then when you need a new dishwasher, it takes some eight months or they go find you find you used one. Yeah, they get you used one. So anyway, they lost $33.31 their first year going public at $10. Then they went to 23. Then they lost $2 the good trend. They only lost a dollar last year, and next year, they'll lose 53 cents. See they keep cutting the loss in half. That's okay. You you get closer to Okay, So they put out they put out a convertible bond. They already have debt, but and they're losing money. They put out this $350 million convertible bond. Now we pay. 1% 1%. They're borrowing money at 1% for five years. Can we do that? You know, Frost line of credit was 6%. You know, when we renovated the office, I was like, Hey, Frost. Can you help me out here? We we want to build this out. So Alex and Andrew have a palatial office with a good view and anyway So they loaned me money at 6% paid it off. You know, during the pandemic, you know, now I'm debt free. Debt free is good. Anyway. They They have a convertible feature. So like a Warren Buffett, you get equity for investing in this bond, and you get 30% of the company for 300. And 350 million. Okay, the company's worth 1.8. Billion dollars. Okay, so 30% of that would be about 500 million, but the convertible has a call on 30% of the equity, okay? So they basically added the equity provisions which you know that might turn out, Okay, But last I checked, Warren Buffett only buys this kind of stuff at 10% interest. With a pretty good equity warrant or equity kicker. This is not a good equity kicker. No, no, I think anyway, and the stock plummeted from 23 to 18 on the news. God, There's a lot of speculation going on Zimbabwe. That's what I've heard it called Zimbabwe Effect. What is that? Well, Zimbabwe years ago print all this money. And they don't have electricity or anything, but the excess liquidity found its way into their capital markets and the prices of stocks would go up 100% every day. Okay. Crazy, crazy. Well, Equity could be a solution to inflation. We'll get to that with recurred in the last interview. Okay, now Speculation you're you're you're an early adopter of crypto and an early seller. Congratulations. What else you got? Thank you. Um, this is really interesting. So crypto fans borrow money. Lots of money to buy cars, houses and sometimes just more crypto. Oh, lever up, baby lever up. So, uh, there, there's non bank lenders out there. I'm actually familiar with one of them, but Bologna, Fiat or U. S dollars against your crypto portfolio had about a 10% rate. It's not cheap. Um, he paid 10% interest You pay 10% interest, But the you know, crypto thinking is where my crypt is going to go up 100%. So if I'm paying 10 is not that big deal. No, you just don't worry about Yeah, don't worry about until it gets cut in half, and then you have no crypto at all. Uh, More than you could have no house. Yeah, which actually does happen, They might come take your car, so it's a secured loan against your deposit. One group of crypto lenders has 25 billion in loans outstanding to individual and institutional clients. Up from 1.5 billion a year ago, according to Crypto Research firm Massari. Yeah, this is also Wall Street, Cheryl. Rachel Louise inside Inside is crazy, so they're borrowing gets the portfolios. To buy fancy stuff. Yeah, and Kris K. Is traded in and out of non fungible tokens, including a portion of of this so called crypto punk. Which is the background of his watch that Crypto Park is, uh, he's a crypto punk hot heart commodity. Okay, so I just want to hit the high points on this. This week's I guess it's bad news. Okay. What are the current proposals from the House Ways and Means Committee. All right, so instead of going to 28% they want to complicate it. What are they gonna do? They're gonna go to 26 a half for corporate tax rates. Instead of 28 instead of 28. Well, actually, uh And then the other thing that they've kind of world back on is they wanted to take capital gains, too. Whatever income your income, um your ordinary income or ordinary income brackets. Guy sells it. Guy sells a Red house. He ends up paying 40% on the game. So they've changed that. To 25% instead of 40, which is good. Um, although it's still more than what what it is today, Okay, but they have backed off those They backed off. How's the infrastructure thing going? Well, I don't know when they're going to be like, you know, like in the first quarter. That was the big deal. We're gonna get huge infrastructure. We're going to get it taken care, Sex, said it was gonna be a huge boom. Because you're going to get that. Now, top earning New Yorkers could face 61% combined tax rate under the House plan, Californians they get a break. They only pay 59% tax That doesn't sound like it's going to end. Well, that doesn't sound good. Well, you know, that's why the Laffer curve is there. Sometimes the government doesn't realize That if you hit the optimal tax percentage, you can actually get more dollars in Otherwise. You don't get as many dollars if you take the rate too high, if they if they brought salt back, which is your, uh, your right off of, uh Your interest payments for you know your big house. That would probably offset bunch of that, But I haven't haven't seen that yet. Okay? Corporate tax rate surtax on wealthy. That's the other discussion. 3% surtax on individual income above five million. Would they keep coming up with these new things, and they can't even get infrastructure done. Um, rich, fair rich heirs face expensive. Surprised tucked into the tax plan. Um, okay. You know, it just gets more complex. Congress is obvious cation through complexity, and so they're continuing to do it. Okay. Steve Moore was on the program. Okay, We're going to have him back on. But, uh, he, uh, Chief Economist Heritage Foundation. Labor Department reported this week. There are now 11 million jobs 10.9 twice the size of the entire Ohio workforce. Yet there's only eight million unemployed. He made the point We did He stole our stuff. Yeah, Okay, all right, but he's been on the program, so it's okay and Alright. Amazon plans to defy the U. S labor shortage at 125,000 workers. Yeah, I get emails from them. Really? Yeah. They're trying to recruit you away. They're trying to recruit me. Okay? All the clients that love Alex. Be sure to email him. Not don't Don't go to Amazon, okay? You're a funny story about Jeff Bezos in the interview. This is okay because you tune into net worth radio to hear the best sources of intelligence..
Bezosism: The Way Amazon Uses Tech to Squeeze Performance out of Workers
"You think your boss is watching you at work. Monitoring your every move well if your manager is a series of cameras sensors and algorithms. Then you're not wrong. And that may also mean you work at an amazon fulfillment center. The company known for the detailed tracking of packages and user. Information is also tracking the movements of workers at its warehouses looking to precisely measure efficiency and increase productivity wall street. Journal's tech columnist christopher mims calls this bazo schism named after amazon founder jeff bezos. He's got an upcoming book about it called arriving today from factory to front door why everything is changed about how and what we buy any joins me now. Hi christopher hay zoey. Thanks for having me so christopher you coined the term bazo schism. What exactly does that mean so. Basis ism is the combination of sensors and software to measure. How well somebody is doing their job. And then use software which has of course logic or an algorithm in it which was defined by an engineer. Somewhere to then tell that worker okay. You're doing a good job or you're not doing a good job or you need to be doing this differently. And so bazo. Schism or management by algorithm or management by software. At the end of the day it is just about creating a set of rules and then handing it to a machine to enforce those roles so the person's boss is software. Okay can you tell us about some of those metrics. That amazon is gathering maybe give an example of how one of them works so the primary metric is just the rate at which somebody is doing something so the amount of time it takes them to complete any of the relevant tasks picking items off the shelf scanning them. Dropping him in a bin is their rate. So it's a very basic metric. It measures the one sort of performance. That bams on really cares about
Fresh update on "jeff bezos" discussed on Networth Radio
"And of course, you know an exploration of Washington, which will only touch on but at the same time The big news today is the title of the program, not a recession. I'm Spencer McCowen President McGowan Group Asset Management. Alex to lean and experienced technical trader and head of client development and boy, he develops the clients with their education levels. Their knowledge of innovation where the future is going, But today's title is not a recession. Alex. I'm going to provide evidence of that, as we get into The headline round up. All right, Let's hear it. I have I have it in the charts. But let's go through the questions first. All right. What? This is a good one. What are the most bizarre examples of wild speculation in the current markets? I like it. Now, let's get to the next prediction, which is relevant for this week's headlines. Yep, Well Oil hit Goldman's $80 target in Q three. Well, they said that actually, they said this summer oil will hit 80. Yeah, Oil was 62 after the delta variant thing. Okay. Now it approached 73 this week. Okay. 80 doesn't seem that far away. It's about 10% away. That's close. Okay? And we're going to cover. We're gonna cover some deep stories on that. We better get busy. Okay. What's now, right. Why a sector rotation likely for Q four Sector rotation. What has to do with the first question? See, I answer a lot of these questions with the next question, one of the most bizarre examples of wild speculation in the current market Okay and why Sector rotation likely for Q four. First answer. First question answers The fourth question. Go ahead. What does slowing growth mean to the markets? Slowing growth, slowing growth plus inflation. Oh, yeah. Papa Dean is going to weigh in on this. So stay tuned because you get a 60 year experienced financial advisor. Bringing his wisdom and Papa Gene's corner of wisdom. Go ahead. What are the possible outcomes for investors? For the current monetary and fiscal policy that's coming up. That's a big one. What is $5 natural gas. Tell us about the next five years. You know, people tend to think I was watching a Jeff Bezos interview. Okay. Bloomberg interviews. David. Uh, Rubinstein. Okay, and I was watching Jeff Bezos. He's like people say, Hey, that was a great quarter. Amazon, right? Jeff Bezos, he says I was thinking about that three years ago. Yes, that's what we did. What we did three years ago is is part of that natural gas thinking in terms of five years. What do we have? How do we take advantage of it? What's next? How strong is a highly effective network of veterans? This is for next week. Okay. Okay, so tune in next week. I've got a Marine on the program about the networks of veterans. You know, people have heard of black water and things like that, But that's that's for next week. Okay, go ahead. All right. How do I use tactical safety and pull back? Well, you have a target list Bargains. You got bargains. You've got a target list, Okay, but it's not a recession, so this is not the implosion. Everybody's worried about. And we don't really have an implosion yet. Go ahead. What are the four asset categories? You know, we got our new.
Are Amazon's Algorithm Bosses Coming to Your Workplace Next?
"You think your boss is watching you at work. Monitoring your every move well if your manager is a series of cameras sensors and algorithms. Then you're not wrong. And that may also mean you work at an amazon fulfillment center. The company known for the detailed tracking of packages and user. Information is also tracking the movements of workers at its warehouses looking to precisely measure efficiency and increase productivity wall street. Journal's tech columnist christopher mims calls this bazo schism named after amazon founder jeff bezos. He's got an upcoming book about it called arriving today from factory to front door why everything is changed about how and what we buy any joins me now. Hi christopher hay zoey. Thanks for having me so christopher you coined the term bazo schism. What exactly does that mean so. Basis ism is the combination of sensors and software to measure. How well somebody is doing their job. And then use software which has of course logic or an algorithm in it which was defined by an engineer. Somewhere to then tell that worker okay. You're doing a good job or you're not doing a good job or you need to be doing this differently. And so bazo. Schism or management by algorithm or management by software. At the end of the day it is just about creating a set of rules and then handing it to a machine to enforce those roles so the person's boss is
Fresh update on "jeff bezos" discussed on The Rubin Report
"Like so if you look at it historically so after the vietnam war very low military enrollment people saw for what it was they were not there like done so then like damn we need a war. Soon rob rampant. Okay so what do we talk on so anytime you mentioned the cia even like a sitcom you have to say something positive about them. They control an approve. Any of even those three letters write any anything like the pentagon any anything like that. So it's tit for tat but it's also total directives and the directive is. We need to staff our restaurant. That's opening in six months to a year. That's the directive. It worked topgun came out. My little brother watched it. He went to the air force academy. He's a fighter pilot he flies. F16's enough eighteenth. You know the real texts ever gotten my life was from him when he was fg aniston. Texted me just dropped my first target. And now they'll ask. Why did i do that because these people all work in concert on the on the surface. They say that. America's number one export is a hollywood. First of all. they're stupid. They're not good at business. They could be making so much more because they have a terrible work ethic and their dodos they leave a lot of money on the table but more importantly crappy ship to at this point. There's not even faking it anymore. Everyone's like oh god they're gonna kill epstein than they do and they're like yeah guess they did like the the they're not even pretending right exactly but like every part of it. It's like when mexico try to get his land back from being stolen by the us who runs to hollywood with the a new invented word marijuana. Let's make his own. Latin spanish scary mexican. And then they do one minute movies in hollywood. They pump out like nineteen forties before all the other moves a jewish guy painted brown sombrero like chasing after white collar girl. Smoking marijuana like that like this is how they do it. And it is in concert in his brainwashing and it has manipulation and it is all connected. The reason there's if if hollywood was in fact america's number one export. Do you think there would be government oversight. There is not. There's no human resources department for that shit hole and if it stayed local state there's that'd be great. I wouldn't talk with them. It'd be like losers hang out. But they're loser them goes to the world and i know the people who are putting in your head which is why four days after the weinstein expose broke. I tweeted jeff bezos one-two-three-four. I've made my case by two hours later. His personal attorney called me on my cell phone. Probably got my number off my amazon account. Maybe i don't know. And and i explained what was up. I story price head of the studio. Why i was deeply offended. That stupid man was putting thought in your head in my head and everybody's because when you sit down to watch something your brain is open. You want to go away. That is the exchange between the screen in the audience and what they have been implanting american minds. We're the nerve center and our stuff goes to the world to other people get a watered down version of our fucker and they certainly have their own. Fuck ary but we're ground zero for the fuck ary and what is being done to people in the us. I just came back to the for the first time in almost two years right now..
Republicans Should Not Embrace Cutting Taxes for the Mega Rich
"One thing that i could critique the republican party for a lot actually over the last decade is that we never should have embraced this belief that we should just cut taxes for the wealthiest people in the country. I'm all for cutting taxes for business owners and entrepreneurs but quite honestly jeff bezos parties going to defend people that use their resources in their assets to actively try to usurp and undermined. The united states of america like no way we should stand for a vibrant and strong american middle class. The american way of life is this. And we've lost this that you should not have to have both the mother and father in the workforce to be able to sustain a middle class family that it should be optional. If the woman wants to on the workforce but there should be jobs available and the social contract should warrant that of just. The man wants to work that they can support a middle class family of four to five children. That used to be the american promise. Now what happens is people either. Have less chiller right. Because they can't sustain it or the woman goes in the workforce. if that's a decision of yours phenomenal. it should not be mandatory. Because what ends up happening. Is they have to farm out. The kids to daycare ends up happening. They have to go in debt because they can't sustain it and the entire cycle of destruction of the middle class way of life starts to go
Fresh update on "jeff bezos" discussed on Future Tense
"Brian mentioned is a california based technology all and journalist and it has to be said. A bit of a metaverse skeptic. You'd think that a lot of folks could have learned a lesson or two over the last decade in sort of chasing some of these buzzwords and trying to rush in at all costs and poor capital an investment dollars towards it. but it's sure is looking to be the case that this is going to be another similarly lucrative play as they say for a fresh batch of startups and tech giants who are looking to get into new spaces. And it's my feeling that part of the usage of of metaverse in this constant desire to push new boundaries and pioneered new technologies or at least give the impression that you're doing that is to kind of move the focus off of any problems or turmoil. At home you know. Facebook is famously. Enmeshed in countless controversies and scandals at any given time these days. So saying we're going to do. We're going to embark upon. The metaverse is one way of distracting from some of those unresolved issues like content moderation and misinformation and so forth. So the memphis as a cooper diversion and quite possibly a misreading of the original vision. Let's go back a beat. We heard earlier that the term originated with sci fi writer neil stevenson but what exactly was his vision. So neil stevenson's novel. Snow crash is a deeply dystopia in cyberpunk work of fiction where the world is extremely extremely miserable. Most people are desperately poor. The protagonist is living in a sort of storage unit that he shares with a roommate. Who is desperate as he is an alcoholic and it paints a picture of a gig economy sort of presciently where workers who fail to deliver their pizzas or goods on time. They can be literally killed by. I mean it's intentionally cartoonish in its darkness. It is a violent vision of crumbling. World in which the only safe places to live are really either on a court little corporation or sort of what he calls the burgh claves which are these fortress areas where the suburbs used to be in their weaponized and that you can keep people out. So this is the environment in which the metaverse is thriving right and he says it explicitly in the first few pages that people plug into the metaverse because reality is so bleak it so unbearable that they're forced into this digital environment and it also bears saying that in the book that digital environment itself is pretty dark and depressing. It's this anything. Goes place where it's highly ruthlessly capitalist in that people are buying up real estate and you can join rooms where people hunt each other for sport in indulged violence and drugs and people get hooked on the metaverse and it's really a deeply unpleasant whole conception which was the point a lot of science fiction as secular fiction especially cyberpunk plays with these ideas to kind of reflect the more alarming trends of the president that given time. So this is what he was seeing coming down the pike and it's just a little bit disconcerting to see the ceo of microsoft. Mark zuckerberg. The ceos of of epic games and all these running these huge companies saying like. Yeah we want to do the metaverse with no self awareness as to what that entails i mean the parallels to the present are in my mind on ignore audible. We are facing huge gulfs in income inequality we're seeing wildfires and climate crises. And all of these different things that were kind of internet in stevenson's dystopia and we have soccer bracing. Let's do a metaverse where it's a lack of self awareness. That is really kind of galling to me that you're making this the aspiration we should just disappear into these digital worlds. Instead of knowledge ing the issues with the president so why would he and other silicon valley executives want to associate with that kind of world. Well the short and simple answer is they thought it was cool. A lot of science fiction. You see this just as much with. Jeff bezos and elon. Musk and they're sort of dreams of interstellar travel or of starting space colonies on mars. A lot of that. You could trace it back to the science fiction that they consumed in their formative years. Guys like mark zuckerberg have talked about being inspired by this metaverse idea when they were young. I don't know if he said that he was really into snow crash specifically but he has said that this idea has stuck with him. The oculus division handed out copies of another metaverse science fiction. Ready player one which is very similar in its architecture in. it's sort of assumptions about the world. Where the president is rife with poverty and people plug into the metaverse which is called the oasis. They're to escape so they would literally hand this out to incoming employees to say. Hey this is what we're trying to do and to someone like zuckerberg. It's it's another environment where he can feel like. He's maybe having an or once felt like he was conquering or having an adventure. It was invigorating on some level and the broader social commentary was answer larry or ignored altogether. I mean the tech maybe cool. It may do really interesting stuff. Facebook has done undoubtedly more to change the way we communicate and stay in touch than most other technologies or companies of the last twenty years. But it was all done with very little foresight or awareness or contemplation about what impact it might have and now we're playing catch up. They moved fast. They broke things and they are now sort of trying to reckon with all of these damages. That have been left in the wake and the concern. Is that plowing ahead with the metaverse where it's already clear. Many of the issues and contradictions. The building such a thing would have. It's been envisioned by people for decades in that holy sort of dystopian so it would be who've these founders. I think to go back and revisit the source material and say okay. What is the full story because it absolutely applies again today. This is also this is our but this is another step towards building the kind of social infrastructure that we believe is going to be important in the future. You should be able to hang out with your friends. Join groups create events share ideas in vr. Just like you can't online and of course now you're gonna be able to do it with that added feeling of presence like you're right there with the people who you're talking about that no other technology platform that has existed before delivers.
The 'Liberal Leaning' Media Has Passed Its Tipping Point
"We're talking about governor cuomo's resignation and i was just mentioning. That governor cuomo has been playing dirty politics for a long time. But i want to be fair and of course some republicans play dirty politics two. I'm not just confining this to the democrats and i know a lot of liberal counterarguments to what i'm saying would be well. Trump had that famous click on the boss a few years ago when that was horrible. But i'm not here to defend donald trump. What i'm here to point out is the disparity between the way that the media hammers and investigates trump. And how the media never hammered and never investigated cuomo and this. We we see this time and time again with conservatives hounded for things that the left gets a pass on how about this whole tax scandal that came out with trump a few months ago when everyone was up in arms saying that he paid only seven hundred fifty dollars and federal income tax. Meanwhile very few people know this. There was an irs report that was leaked that indicated that jeff bezos the richest man in the world elon. Musk the second. Richest man in the world and george soros all had multiple years where they paid zero dollars and federal income tax. The scandal is not that this happens. The scandal is that it's legal and the scandal is again that they will hammer trump and conservative republicans for things that they will not hammer the left for. Because if you are useful to the media they will protect you they were. They will overlook just about anything that you
Space Tourism Blasts Off
"The world has been buzzing about space lately as more and more rockets take off from our planet but the latest launches aren't from governments or organizations that you used to like nasa instead. Several billionaires and their companies have gotten into a bit of a space race on july first richard branson who owns space company. Virgin galactic became the first person to get to space in a rocket that he funded cool ends on july twenty first amazon founder. Jeff bezos flew a few miles higher than branson and a rocket called new shepherd nice. Each flight was about ten minutes long. Both virgin galactic and bezos company. Blue origin have stated that. They're looking to popularize space tourism. But right now they're charging big bucks for the privilege. Virgin is currently charging two hundred fifty thousand dollars a seat and while blue origin. Tickets aren't opened for the public to buy yet. One of bazo seat meets ponied up. Twenty eight million dollars for the first ride. These flights represents a new era for space travel. But they've also been controversial. Critics have questioned the amount of money being spent on this endeavor instead of donating to causes and solving problems here on earth especially in the midst of a pandemic but besides being joyrides for the rich and famous experts. Say that these space vehicles could one day have something to offer the science world. Scientists who want to conduct experiments in low. Gravity haven't been able to go aboard flights at all. The ships are unmanned bummer. That could change in the future scientists. Hope that they could study questions. Like how living things respond to the move from. Gravity to
"jeff bezos" Discussed on WSJ Opinion: Potomac Watch
"I'd much rather have jeff bezos pouring money into adventure like that then running the washington post or you know running around trying to run for public office as a self funded billionaire or supporting other bad candidates for office which is what so many billionaires tend to spend their time doing these days So yeah you wanna take a new frontier and really stretch the limits and propel us to the front of the world in terms of our tech savvy. I think it's awesome. We should be really thrilled. That it's american business. Doing this seems to be. There are certainly worse hobbies that you can have as a billionaire At one last here is that Remember the space shuttle was retired in twenty eleven and until last year. That meant that. In order to get nasa astronauts to the international space station the us was essentially renting seats on russian spacecraft. And in order to do that. The united states paid russia attorney billions of dollars Over a decade and what changed was the spacex launch. Last year it was incredible to watch this private company taking these nasa astronauts to the international space station for the first time and Now lisa instead of having all of our eggs in that basket we have a little bit of a competition i mean. Blue origin is not to orbit yet But they're talking about that with their next their next rocket which might launch next year and then we have a. We have a real competition going on. I think that's we don't really know where all his innovation is going to lead on new ventures actually interestingly oatmeal space acts I think ams our business has an option one web in no virgin does too on doing commercial satellites than to connect broadband. We don't know how these expirations discoveries What people learn from these new missions What kind of future. Future discoveries thinker purdue's but i think everyone all americans benefit. Thank you kim and unleash. Thank you all for listening. We'll be back later this week. With another edition of potomac watch..
"jeff bezos" Discussed on WSJ Opinion: Potomac Watch
"Yeah i i. I would agree what is wrong with that. I think cruise lines especially in maybe nursing homes hospitals health airs these other places where he really could face contagion even with when you have people vaccinated if not everyone is vaccinated You could still get outbreaks and which could increase liability if you're hall Last spring Cruise lines got sued for not doing enough Berg being negligent in their protocols. And then there's also obviously the issue of being stuffed between the federal government. The cdc has laid out pretty preps too stringent protocols obama's follow. But there needs to be. There needs to be some kind of reconciliation between these two two grounds. I mean maybe. I know she's been writing on this especially from She has some unique insights alaska. Where cruises often drop people off. Yeah i mean the thing that struck me as a bit unusual about this is if norwegian cruise lines was going to sue anyone why they haven't sued the centers for disease control. Because i mean the the cruise line worldwide. Which does so much business in the united states has been basically you know. Under the dictatorship of the cdc sense lockdowns began even by this april The cdc was refusing to issue guidance to allow them to begin operation again and when they finally kind of issue some technical instructions in april it was rules that were so complex as to be unmanageable. I mean they were laying out how you could run the ship all the way down to whether or not you could shake dirty laundry It was really something to see. And so i totally get The cruise lines frustration with florida's decision here on mass But at the same time the organization that's truly putting it in a in a very big bind is the cdc which does not seem to have kept up with the reality that cruise lines Outside of this outside of the united states have been moved on and had been operating and reopening was pretty great success. They've moved hundreds of thousands of passengers. Since last summer with relatively few covert cases they seem as capable of operating a with protocols as airlines are for instance and yet they continue to be subject to completely different set of rules finally on tuesday. Jeff bezos became the latest billionaire in outer space for about two decades. He has used his wealth as the founder of amazon to underwrite this rocket venture called blue origin. And when it did its first manned. Flight on tuesday Taking off from texas a few minutes of weightlessness and then parachuting back down. Jeff bezos was strapped on board. But at least you it's interesting. Not everybody was on bernie. Sanders was one example. He tweeted that he wasn't impressed. And then he said this quote it's time to invest in working people here on earth unquote. What do what do you make of that kind of reaction. Well it's interesting. Because i think no company i mean amazon has probably done more for working class people than any other company the honest in the us in terms of.
Jeff Bezos and Blue Origin Launch Into Space
Rivian Shuttle Bezos & Co. To Space
"Good morning good afternoon or good evening wherever you're listening in the world. Welcome to the news daily. It's wednesday twenty first of july. I'm martin late through every story. You know the score you don't have to and when i was putting together today's podcast just sitting down to the first tentative notes on youtube. Maybe i missed the jeff bezos flight into space. And i hadn't it was team. Ten minutes i was watching it. Live very fatuity timing. I couldn't help but notice they were shuttled to they're playing. That was showing some replays. But earlier in the day shuttled to the launch pad of course in ravines and i guess you know if your amazon company owns a big chunk of ribian the vehicles you going to choose Of one hundred thousand electric vans coming from ravin for amazon parcel deliveries over the course of the next nine years hundred thousand But also what was interesting if you haven't seen it by the way i you know. It's not space podcast by very quickly recap The rocket blasted them into the atmosphere hundred kilometers. Plus up at past the recognized line of of what is being in space and then detached the captial at the end. The booster came back down. Fell back down to earth and landed back on the launch pad. So impressive how do that and spacex to as well. It's just i it's incredible and then jeff bezos is three fellow astronauts also. How few minutes in zero gravity in-space looking back down on the planet and then it fell gradually back to earth at a leisurely sixteen miles an hour. The lost thousand feet as the parachutes were deployed. I tell you that story. Because they didn't know where the she was gonna land just somewhere in the desert. They knew it wasn't going to hit anything. Plenty of land for its land on But i suppose they had an idea but they weren't exactly close several minutes Of just them strapped in the captial. Come come back down. landed safely Until they got rescued by the ground crew and they all turned up at speed in review in One ts
Wally Funk Finally Made it to Space
"Well we might as well telegraph. It's not dennis shall we can can you. Can you tell not only not only. Can you tell the denizens not here. But it's a. It's a telegraphed in advance that. It's me your texas show. Buddy mark davis morning host here at six sixty a answer in dallas fort worth where i do the best possible show. Prep imaginable for the dennis prager show. It's called doing my own program that ended just one hour ago seven to ten central time. That is my playground and man If we had a bunch talk about an a lot of it that is of course originating here in my beloved lonestar state is of great national interest so there are a few things. I'm gonna do today. So whenever i'm blessed to come here and and hang out for dennis always lay down a little thumbnail sketch of what we're going to do. It is july twentieth of twenty twenty one a date of huge significance to me because i am At least here in dfw. And maybe nationally the go-to space dork in american radio. And it's because. I'm old enough to be that and old enough to remember fifty two years ago today when neil armstrong lay down those historic footprints along with buzz aldrin. I in the sea of tranquility fifty two years ago today. The footprints on the moon tonight at ten fifty six eastern time nine fifty six central. Do your math elsewise. And i got a couple of things to say about that. And especially wow today and this was the day that jeff bezos decided. Let's go ahead and do it today. Because they wanted it to have some historic significance in it certainly does jeff bezos and his little brother and some dutch teenager and the wonderfully named wally funk. A woman a an eighty two year old woman who is a member of what was called the mercury thirteen. You may remember the mercury seven those were the actual astronauts six of whom went up deeks laden did not but he got to run the astronaut office later on so i guess that's a that's a little bit of makeup but they had thirteen women who may put through various stages of training a whole lot of them did really really well and while he was one of them and she's a local woman she lives just a few miles west of where i am here in the dfw area and she and the whole flight was eleven twelve minutes there. You go very reminiscent. In a spacecraft called the new shepard s. h. e. p. a. r. d. like alan shepherd in emission very reminiscent of his
Jeff Bezos Goes to Space
"Has taken humans to space is blue origin, launched its first manned mission to the edge of Earth's atmosphere. Here's a B CS Alex Stone, too. One after so many test missions. Jeff Bezoza, his brother, along with Wally Funk, the oldest person ever in space in Oliver Damon, the youngest ever making their trips 66 miles above ER after floating around in the capsule, Jeff Bezoza radioing in blue Control, based on the best day ever. Blue origin. New Shepard capsule floating back with parachutes out making a landing on the desert floor. Alec Stone EVC nears.
Jeff Bezos Thinks He's Clint Eastwood in 'Unforgiven'
"The BA Zoe's done. So listen, I don't care if you like the bazaar story producer gyms like Hey, it's the greatest story. Every man I love it. I love I want his autograph chip. He says he spoke Yeah. Yeah, he did. There is a brawl brewing in the studio because Mike agrees with now. Jim didn't say that he just like space our best negative. But Mike is with me. We just don't care so bikes and bike and jibber at each other at each other's throats in a W W e style wrestling match right now. I don't care about this story. I care about Americans being spied on. Mike's with me, 100%. I don't care. I don't care. I'm not interested in Jeff Bezos. The guy's got tension. Million dollars. He got bored on a week and he's like, Hey, I'm gonna go to space Gray. He's got a cowboy hat and take the cowboy. You're not a cowboy. You Jeff Bezos. That's for cowboys. It's not for you. Take the cowboy hat off. Just take it off. You look ridiculous. Take the cowboy hat off. Bezos. It is. It is too big for your right. Thank you, Jim. It is too big for him. Like a doofus. He thinks she's like Clint Eastwood and Unforgiven or something. I've killed just about everything that's walked or crawled at some point in my life will your money I'm William money. And you heard my friend Dude, you're Jeff Bezoza. You just take the hat off you dunce. Is that the good? The bad and the ugly? It's just the ugly. All right back to the Washington Post. P I get distracted. Easy. I'm sorry. I'm very sorry. I can't help it.
Jeff Bezos Will Briefly Leave Earth Aboard Historic Blue Origin Flight
Where Space Begins: Bezos' Blue Origin vs. Branson's Virgin Galactic
"This morning in a remote part of the west texas desert the world richest man amazon founder. Jeff bezos plans to take off for a trip to space. It's the first space flight with passengers on board for his company. blue origin. Now if you were paying attention nine days ago another billionaire. Richard branson took a flight to space with his company virgin. Galactic bezos is flight will be a little different in how it launches and where the passengers will go. But the difference is don't stop there. They extend to the goals and ambitions of both companies and to discuss that. We have a reporter mike. Berg who covers the business of space for the wall street journal back on the show. I'm mike thanks for joining us again so nine days ago you were in new mexico watching the virgin galactic flight with richard branson launch. Now you're in texas for the blue origin launch. What are some of the differences you expect to see when this flight takes off. Yeah i mean the biggest difference just sort of visually blue origin uses a rocket to get the space. We're going to see literally the new scheffer rocket flare up into at very high speeds into space. And then you know we won't see this but a capsule detach and float into space and then the rocket will return to the launch pad. Virgin galactic of course uses a different method. They've got a kind high-flying airplane that flies up. You know the way you would see at an airport and the space craft the virgin galactic spacecraft attached to the rocket detaches at about forty five thousand feet and then it sort of rockets up into space from there. So you'll literally see the
Jeff Bezos to Blast Into Space Aboard New Shepard Rocket Ship
"Just as millions of americans wake up tomorrow morning. We should be hearing about the fate of jeff bezos. His brother and two other notable passengers as the richest man in the world launches the four some into sub orbital space. It's amazon prime on steroids. They're ride we'll be on blue origin. The space tourism company. That bezos founded lift those who can afford it into the wild blue yonder our report from the launch site in west. Texas tonight from nbc. News correspondent tom castillo in remote van horn texas. Anticipation is building the launchpad forty-five miles out in the desert set for billionaire. Jeff bezos slipped off this morning on today. Bezos industry fellow passengers were giddy with excitement. People who say they go into space. They come back changed. I can't wait to see what is going to do to me. While blue origin has flown fifteen unmanned test flights this will be the first to carry passengers. Bazo will take seat number six the simulator. An exact replica of the capsule that will carry all four sixty two miles high for three minutes of weightlessness and six massive windows. As you're essentially it feels like the earth is falling away from you to your window. Exactly like richard branson's virgin galactic. Paying passengers are already signing up eventually blue origin plastics and six passengers at a time into space from this launch pad and the west texas desert but unlike a nasa rocket or the virtual space plane. There are no professional astronauts or pilots on board. It is all controlled from the ground. Blue origin insist. The ship is loaded with safety backups. With the bezos great escape so for nine am eastern. Tom costello nbc news van horn texas
Branson, Bezos, Musk: The Billionaire Space Race
"Richard branson's being outed longer than the others. Seventeen years or so since richard branson. I announced his ambitions. Two thousand four. When virgin galactic was started. I think back then the intention walls within three or four years. They be doing what they've only just done now of of taking passengers into space but for him dates back and he. He talks about this a lot. Doesn't it back to nineteen sixty nine and watching the moon landing a teenager. We choose to go to the moon and and do the other thing not because they are easy being taken outside by his dad and the pointing up at the moon and realizing there were two men up there east folks at one of those men buzz aldrin in the nineties and and talked about the idea of using plane rather than a traditional rocket as so. The idea is been fermenting for a long time lot of setbacks on the way of course. I think a lot of us wonder whether this would ever happen. He's proved he can do it. And i think that for him is why this is so emotionally significant but also practically significant in a business sense as well. Let's go through the others then we go elon. Musk of tesla. Fame with space. X.'s dragon capsule and he's the best known for his space ambitions around the world. Think just because of his global profile that he has and has had a lot of success with the commercial side of this deals with nasa of taking things up into orbital space which of course is much further than branson or some of the tourism operations are going and has talked in perhaps much greater ambition. About what could be done. He's talked about colonizing mars. Easy said he wants to go to mars. he's also said people might die. Going to mars but ambitions seemed to be much bigger and grander than just space tourism. And someone who through his life has solve the big problems as he's seen them around the world and this is one he sees that needs to be solved by the private sector. Then making up the triumvirate. Jeff bezos of amazon fame. What of his ambitions. what's his rocket. Program is interesting isn't because he there's far less publicity with with. Jeff bezos a blue origin. The company that will take him into space has been around for twenty years so longer than branson's virgin galactic but his plans all rooted much further back than that he he talks of colonizing space of building these holds where trillions of people can live something. It's thought he took from a professor. He had at princeton physicist. Who came up with his idea in the seventies so he has these grand ambitions that pass. He doesn't talk about as much as richard branson alone. Musk but which are very rooted in in history and clearly having left amazon this is now his focus on taking humans where they where they've not come
New Shepard Rocket Is Ready to Boost Bezos
"Origin rocket and capsule to fly tomorrow on the anniversary of the first moon landing. Amazon founder Jeff Bezos and crew mates are In the final phase of training. Now, weather permitting, the new Shepard lifts off at nine tomorrow morning. Unlike Richard Branson's Virgin Galactic spacecraft, New Shepard is fully automated with no pilots or even flight controls on board. So to keep athletes a part in the
Richard Branson’s Virgin Galactic Flight Opens Door to Space Tourism
"Virgin Galactic plans to take paying passengers, including the rich and famous to space starting next year for hundreds of thousands of dollars a ticket after his successful space flight this month. Current space investor and virgins. Former president Will White heart This day really heralds an industrial revolution. Elon Musk's SpaceX and Amazon's Jeff Bezos are also part of this revolution. Some investors have doubts but not virgin CEO Michael Cole glaze here. I think the financial model here is going to be very robust, Beso says, planning his trip further out into space than Branson in the coming days. Blue Origin also says it's windows are bigger. White Hart says space travel is way bigger than just the passenger business and watch for satellite space based data center, space cell phone service and solar energy to all skyrocket. Space has to be industrialized of 11. Billion people are going to survive on this planet in 15 years time.
18-Year-Old to Fly to Space With Jeff Bezos
Billionaires In Space (MM #3764)
"The Maison with Kevin Nation, hope the last few years months, weeks days, even been a lot of talk about billionaires going into office space, the space race between billionaires, Richard Branson, yesterday, going up, the outer space. I guess it wouldn't be considered a rocket a rocket plane. I don't know what you call it, and of course, Jeff Bezos going up in one of his Rockets here, in the next couple of weeks wage. Well, I'm kind of disgusted like many people. And while I understand the desire to do things, you once wished you could do as a kid. If you're a billionaire, you can do those things. Heck, if you're a billionaire, you can do anything. But sadly like many months, look at what, all those people do, did not help their employees. But all those people do the forward themselves and don't think of a bigger picture. Don't think of the world we're living in right now. Think about how can they waste their money on something frivolous and stupid just for their own enrichment. Now, the counter argument, of course is their money. They can do whatever they want with it and I understand that but it's still just leaves a bad taste in my mouth. Something just bothers me when I can't put my finger on it but billionaires in space some people say, leave them their wage.
"jeff bezos" Discussed on Make Me Smart with Kai and Molly
"Now it's not surprising that supreme court punted on this thing because congress is actively considering the issue and as a sort of war and and brett cavanaugh and one of the other justices wrote today in an unusual explanation of why they voted to deny sharara they said look. We got to let congress figure this out because congress has burden of national events and national security. So it's up to them. And i just wanna make sure everybody's because i think it's a it's an interesting and significant political and social moment movement. I suspect that many people don't realize i sort of know this because i have a son but only vaguely and then this reminded me like. Oh yeah we have this draft registeration boys and men which is a highly Outdated situation so we say don't we and so when when your son turns eighteen. He's got a march on down on the post office and fill out that form. Actually you can do it online now but but yeah. They add something interesting. I on that okay. All right good number two. I just thought this was really interesting. In our continuing conversations about crypto and bitcoin and my particular obsession with if it's so volatile all the damn time has it ever gonna become a useful currency. So here's the interesting part you. Seeing the department of justice today said look we recovered Sixty three point seven of the bitcoin. That colonial pipeline paid On the seventh of may to resolve the ransomware attack and that bitcoin is worth two point three million dollars which is great except for this on the day that colonial paid sixty three point seven bitcoin plus a little bit because they only got back part of it It was worth four point. Seven billion sorry. Three point seven billion dollars in other million in other words where the other one point four million dollars go. It went to volatility. It went because on the day they paid. Bitcoin cost you fifty six thousand dollars and today bitcoin cost you thirty five thousand dollars and i just i just why. Why do people i mean. Look as i said. My thinking has been changed on bitcoin and a lot of ways but one of them is not that ov- attila these. Okay and it's gonna work itself out and eventually we will be buying pizza with it because that's just crazy crazy crazy. I really liked it. That's the part of the story that you're a little hung up on like like bananas about this. Is that there. Bitcoin totally dropped in value is true and and all of that is true but also i just think it's amazing that they were able to claw back some of this ransom at all. I'm very curious as to how that worked out with respect to that virtual wallet. I don't totally understand the mechanism of how you cash out your bitcoin. They're like atm's and conversions but maybe it takes a long time to launder that much. Bitcoin and that's why they weren't able to cash out in the volatility bid them but i think it's pretty well fascinating and also that law enforcement is saying like maybe we need to go after cryptocurrency as a way to stop ransomware attacks which we will talk about some more tomorrow but that is fascinating to me too so i thought of the same thing for two reasons number one. I thought of course of your three hundred. Bitcoin that vaporize and how by god let's get the department of justice on that number twos something else you just said which is laundering bitcoin. I didn't think you had the laundry. Bitcoin because bitcoin like anonymous. And it's right. So why are they still hanging onto it. I guess waiting for it to go back for something for you. Right launder except that. If you don't wanna paul victim fall victim to the volatility presumably you would want to carry out in some way you want to but right away turn around and sell it unless that is to i. Yeah these are all the parts of the blockchain met. I don't totally get for sure But also i think if anything is going to lead to regulation. I was having this conversation with a friend of mine in finance the other day. About just like what. Is everyone waiting for when it comes to regulating. What he refers to as klepto crypto. Yeah i said well. It's i think it's because it's trillion dollar asset classes until it actually starts to become a threat to the financial System they're happy to profit off of it in the short term and habit as part of their portfolios but if anything is going to kickstart that regulation it could be this kind of like ransom payment situation. I don't know for sure for sure that no. I'm going on willow here. That's no gun tennis ball so might as well go yes. Yeah one is. Just kind of a Bummer to report. Which is that. Despite the pandemic and brief dip in emissions not not so much turns out in fact The levels of carbon dioxide in the atmosphere reached the highest level since accurate measurements began. Sixty three years ago. Scientists said monday which is essentially. Like what's happening every year since they started measuring sixty three years ago. They said fossil fuel burning is really at the heart of this. And if we don't tackle that it's not going to go away by an just just a gentle reminder that we you know by most accounts have about ten years to start heading quickly in the other direction with respect to carbon emission. So so that's fine. That's a fun one. I also super interested in this situation with the fda alzheimer drugs. Drug the one drug that. The fda has approved The first new medication for alzheimer's disease and almost twenty years. And there's all this controversy around this approval because not to put too fine a point on it in clinical trials. That didn't seem to work that well. It did not reach the goals even of the that. Set up the trials There is there were the fda advisory panel recommended unanimously like ten to zero that. The fda not approved this drug. They said it's it's unclear whether it is effective at all and then on top of that it has these side effects that are you know. One to one point. Three percent And are serious and so it's possible that taking it could even be riskier than not taking patients and it's just a. It's a really interesting and complicated question. There were some some groups that advocated for it but didn't that they had taken money from the pharmaceutical companies that make the drug It two separate groups. In fact and and including i think the alzheimer's association was one of them. I'm gonna find this. Because i'm still in the bitcoin story And so it it. You know there's public citizen watchdog group that has is essentially saying like this is regulatory capture on the part of the fda. There is also the argument that for twenty years research into alzheimer's drugs has stalled because none of them ever work or get approved and so no one can make any money and so if there is a sense that someone would make money in that. There is a path to approval. That maybe that could actually kick start. Research into this. Just horrifies just hor horrific disease you know yeah and yet in this case it is really. It is really complicated. Because it's a very expensive drug that's gonna make these companies a lot of money. And the fda has required it basically gave them an expedited review required them to can continue to conduct trials. And could although it almost never has done this. Potentially clawback speaking of flying back it smooth addition So i don't know so. Yeah so yeah. It's like we really want to have hosted. This thing can be tackled entreated and eventually cared and doesn't this isn't that confidence inspiring and somebody's. I wonder if the last year has changed the fda at all just given the spotlight the pressure. You know. i mean. I i say this with zero reporting binded i just. It's but it's because they've been in the crosshairs all it's actually. One of the criticism has been leveled over and over in the course of the pandemic is that they were too slow and bureaucratic and how progress in approving treatments and other things so it is the that's possible also money talk. Yeah okay. should we. She was canal to read more about that website. Make me smart dot org at marketplace dot. Org let's do make me smile. Zoe all right if i was the world's richest man and i'd been bankrolling a freaking rocket plan for ten twelve years. Whatever it was you bet your sweet baby. I'm going on the i ride. I am jeff bezos said. Today i'm going on blue origin when it goes. I don't know but it was like. Oh my god jeff. Jesus is going to space. Of course he is. Of course he is. It's hip. I will say a pretty smart. Pr stunt right like put your butt where your is wait. No i would like to that. I'm so sorry anyway. Take if you leave your it works. You should write go home monday. June oh okay okay. I'm changing the subject. Because what i find so interesting. The thing i like about this story is that. I did not know that mark that that jeff bezos has a brother and his name is mark and he is. Jeff bezos has d'appel ganger. Looks just like except with the mustache. So i'm assuming he stands in his body double all the time but they're both going and if i were their mother i would be like. Oh no come on that both going come on. Yes they get to go. Yeah i know parents who what even fly together. yeah well i'm just saying sometimes rockets art successful. that's true that is fair. But also i would. I made that observation this morning and tech producer. Michael lipkin alerted me to the fact that usa today had in fact already written the story that was like who the heck is marked as those. Why are they both going on the same rocket get. Oh that's funny so there you go. I wasn't the personally. He's kind of a double ganger. Kinda steadier looking though gotta tell you. He's looking yeah he's winning. This one thing and that thing is muscles. Sorry jeff us. Not the explains that picture of bezos about three or four years ago coming around the corner and that vest the guns you know what i mean not constantly mark. That's right i'm richard. I'm going to work out because he's not running amazon. Come on. that's my goodness. All right all right but in truth. I have waited this long to talk about the only thing that i care about today. Literal only thing that i care about which is that there is a new prince album coming for the first time since princess utterly devastating death in twenty sixteen. His estate will release a completed but never before heard album. That was finished in two thousand ten but sounds from the description in terms of its politics. Essentially it's very politically focused on for example misinformation the superficial nature of social media reality celebrity culture Racial inequity the estate said that the album ultimately concludes that america's the land of the free home of the slave includes a quote that he wrote at the time in two thousand ten saying the world is fraught with misinformation. Like for all. I would completely freaky. I mean prince saw at all saw dude was a genius very very freaky and i just can't wait. I can't wait. i'm with nicole. I actually just as i was about to pop onto the microphone. Side tweet from nicole. Childers the micro morning report senior producers saying or executive what are their titles these days the boss of the marketplace morning report. And she just said all prints all day long. And i was like yes me too. It'll be called. Welcome to america those five years coming out to lie which craziness all right and that's it. See easy peasy like nine different topics. We are nothing if not efficient that for today tomorrow. We're just gonna do one topic somewhere between one and nine topics We'll be actually doing a deep dive on this ransomware cyberattack situation which you know obviously there are more and more of them now they're going to be categorized in the same bucket as terrorist attacks also why they are happening and how we can prepare better if you have questions if there are things you want to hear during plsy melles also If we if you don't answer them tomorrow you might hear them on. What do you want to know. Wednesday make.
"jeff bezos" Discussed on PR & Law
"I mentioned earlier. That i was gonna talk about jeff bezos this week and you know i think people don't usually follow amazon's corporate news closely but that was a big announcement that he's going to step aside as the chief executive From the company that he founded almost thirty years ago is one thousand nine hundred four. Un amazon started So it's been a very long ride. And here's a really quick report from bloomberg new york city amazon's founder. Jeff bezos is stepping down as ceo to become executive chairman this year. Here's company's cfo. Brian olszewski i will reiterate that jeff is not leaving. He is getting a new job. Yeah he's not leaving. He's getting a new job..
"jeff bezos" Discussed on The Cave of Time
"Things like that. So and he was and he was wondering why are people placing all these weird bets. And then he realized that he started paying attention to the cunanan movement and then there was all these people who are placing bets based on things that they heard from cuban on gold mines and say she's not surprised that that are fans are typically male. It's a little insulting. Well you know what we are both very in touch with her feminine side goal mine and you should hang around. If you get to know us you will be surprised. You'll be surprised at all your female friends. So listen us and you will get them to subscribe and you will get them the lake because they will like us and they will subscribe to know your role. Oh yeah so. He ended up making a lot of money Just by betting against things. That cunanan borders believed really. Yeah oh really is that. Did you want to get breaking into the contrary and thing for that. Because i headed a little more. Grab bag to deal. Yeah sure sure. I just from japanese. Those and this is this is i guess i. He's making a statement about our show. This is a statement that jeff bezos made about what. What do you mean what why. I've seen this clip. So when you saw this might have been your first time seeing it. Yeah okay well let me pull it up for the viewers. This is jeff bezos talking about contrary contrarians and carriages female. We figured carriage was female due to the Don't care i. I don't see a guy like having care and i don't know maybe is that interest female for hitler goal the mind sense as she hasn't had any female friends. It an insult to you. It was an insult to women. Okay fair enough. Each rather gold mine sent we. We appreciate your presence here. Dan this kind of screws up my atro- song. It was kind of misogynistic. Well let's let's. Let's do this. And then i want to talk about bitcoin for bit. Okay so pulling up jeff as you go on that clinton yeah all right starting now. Yes matin tech crunch so peter. Thiel of very high profile will technology investors is reportedly going.
"jeff bezos" Discussed on The Cave of Time
"Know. Yeah i mean. Yeah yup yup yup. Yup i mean i don wh- are there any other things you wanted to go through baseball's before we get into grab bag. Well i mean so. I wanted to bring this up in the beginning. But i know in our earlier podcasts. Every once in a while we'd have something that was like for whatever reason i couldn't cover it or i fucked up and i'd be like this was going to be a good episode but it's not so good anymore anyways let's get into it so i was like don't do that just like ride it out but i will say that We had planned to do an episode on. Jeff bezos six actually over six months ago and man. I'd like. I was working on working at a job site that allowed me to listen to. I listen to tens of hours of content on chest. jeff bezos. I was reading articles on. Jeff bezos. i was writing all these notes on all of my opinions. And what i thought of this and that and how these things connected. I thought i was going to have all those notes. But they're on a phone with a broken screen and a long story short. I came in very episode with very little prep but to make offer that. I thought i it's been been fairly low energy this episode and everything something that may make me a little high high higher energy for the grab bag. Portion of the episode is this and read. What's on that. Mike little nitro the world size. Gummy bear. Where did you get that for christmas from my girlfriend because only box. Gummy bear in a box. Okay i'm going to join your one sack all right. I think he's gonna put a hot sauce or something. I don't know what he's about to do. Maybe i could put on a little music right now to what. You're gonna do what. I got players. Narrow fuel live saito chips okay. I don't know. I don't know how hot is.
"jeff bezos" Discussed on The Cave of Time
"Else. It's not yeah. Yeah because when you were working you know a seventeen hour day at work. He was working hours. I work every single day. You can say working smarter like. He's he's a smarter guy. It's like okay well. To some extent he won the genetic lottery in that sense. It's not like anybody can just be. Jeff bezos is kind of indoctrinated as we are to believe that at birth. You can be anything you want to be no matter who you are. It's just not the case i mean. He's definitely the the problem. I see though is like there's no way there's no way to change what he does like how do you. How do you go against somebody that big like what. What are the options. It's like you need to basically have a mob outside of his house demanding that he hands over money or changes business practices The gate unit. Like do you remember the thing you told me about unions. how what does he do. He hires there was leaked a leaked documents from amazon and they showed that amazon does not want well. Amazon wants to diversify their workforce like every other fortune five hundred company like every other governmental organization. They want a diverse population in their workforce they want people working in harmony Indian people black people white people old people young people. They want a very diverse workforce now now in this league document it said that one of the reasons they want that is because it reduces the likelihood of the workforce unionizing. We believe that's true but it's funny. Because like i feel like most supporters of left wing politics. Don't believe that's true right. Well i am not necessarily. I would think that some of them would say that. That is the case but it is the case because which is crazy to me because of negative depictions of black people in the media or something like that and they they would you know. Think like you know things like that. So they say something like well. It's harder for black people to get into unions. Get union jobs. And it's more likely that unions will be started at all white companies because those people have traditionally easier times and an implicit racism that needs to we need to have.
"jeff bezos" Discussed on The Cave of Time
"Uncle jeff. Dj jazzy bazo. Time spanish his name is jeff kisses. Did i did notice. I did see that. Yeah zoom videos all screwed up and just fixing that up right now now might so. Jeff bezos is the richest man in the world. Do you have any disagreement that yeah. He's not he's not the richest man in the world. I thought you were going to have a disagreement with that. Yeah so why. Did you think. I would have a disagreement with that because we were talking earlier and you said something about like. Oh he's got a lot of liquid liquid assets or rather non liquid assets and people. Overestimate how richie is and you seem to have some contrary opinions in other regards. Well i mean okay. So he's he's the person with the highest net wealth according to what is it forbes and many others forbes forbes and that so like first of all what about someone like pooja or the saudis where we have no idea what their net worth is. You know yes. Yes i I work with some people who tell me that there are many people in saudi arabia. Her a richer than what we typically believed to be the richest man in the world or people in the world because their their books are closed right. So there's no way of knowing how much to have oil like the royal family. Like how do you know how much money they have you with us. No way of knowing right yeah. This is wealth that has been collected for thousand years. How could you possibly. There's no records. There's no there's no idea there's no shares. There's no market cap. There's no way to measure their wealth right so first of all. There's that second of all everyone talks about. Jeff bezos the numbers. Out right now but people are throwing numbers out like two hundred and thirty billion two hundred and fifty billion three hundred billion dollars. He doesn't have three hundred billion dollars sitting his bank account. So amazon's worth one point five or one point eight trillion dollars and he owns just over ten percent of it. Plus everything is liquidated plus all the business assets..
"jeff bezos" Discussed on GeekWire - Geared Up
"Of a wakeup call. For how pervasive and how powerful this company has really become the last twenty five years under the leadership of Jeff Bezos who has described in the documentary as a small nondescript sandy haired man sitting at his desk back then when it was first starting Seattle to now a figure of folklore and the world's richest person so it Kinda uses Jeff Bezos to tell the larger story of Amazon how powerful they are And it really questions that impact that they're having on society whether they really need to be regulated. Did you walk away from it feeling? Like wow this is a monopoly and regulators need to step in. I don't know it definitely is. It was creepy was kind of scary. Just know and realize how much Amazon is doing. I think we write about it every day. We know about it but just in terms especially the data that they're collecting. You Know Amazon has always been data company in from day one when they launched their bookstore. And figured out what you were clicking on what you put in your shopping cart in which you didn't use Alexa and the ECHO. We don't even think about that as data but that is really data that Amazon's collecting so it's not to me to say whether they should be regulated. But I do think at some point. The government should step in whether the trump administration. Who would do that? That's their story. But these seem to be getting so big that even their first employee who is quoted. He's one of nine former insiders that are interviewed in the documentary Even he was saying that he was getting a little worried that his babies now turn into this monster it's not unfathomable that the trump administration would step in on the one hand. You have this government that is famous for being very friendly business but on the other hand. Amazon is kind of not in that category because of the personal animosity between Jeff Bezos and trump. Yeah I mean we'll see what happens in you know the big Djeddai cloud computing contract with the Pentagon's going on there's some push and pull between the government and Amazon Microsoft. We'll see what happens there but yeah it's it's definitely a must watch. I think it'll make you realize and learn a lot about Amazon's rise to power and I thought it was really well produced. They Sandwich Day which was really interesting. They started with the blue origin. Referencing the ended it with the blue origin reference. I think the US bases quote of big ideas style starts small or something like that. So it's interesting that the US Bazo his blue origin space venture to tell the story of Amazon and show. Jeff Bezos has kind of ambitions and goals It's been said and Jeff has discussed this that. The reason he started Amazon was to make enough money to fund his blue origin. Space Venture eventually contribute to getting millions of people living and working in space and so I guess that shows how big his ambitions have been. Do you think Alan covering blue origin so closely. Do you think that his attention has focused? And that's the top priority. Now I don't think so. I think that he's got so many irons in the fire. He does have a schedule. For example I believe Wednesdays are his blue origin days. He's got so many other things going on that. I think that he's actually shifted because now blue origin has a CEO. A gentleman named Bob Smith who is doing more and more of the public work and so I if anything I think. Jeff is step back a little bit to kind of let the organization grow because it has grown quite a bit. It was four years ago or so. It was at six hundred employees and now it's near three thousand employees interesting. What's really struck me about? This documentary was not only how many people Amazon has made angry over the years. But how many of them front-line got to speak on the record because we know covering this company? It's hard to get people to say anything bad about Amazon. Who Do business with them or might have done business with them in the past or perhaps had a nondisclosure agreement with them but kind of in every sector that they're in there was somebody to complain whether it was booksellers who felt like they had been ripped off former employees mayor. Bill de Blasio in New York. Who was furious with Amazon for pulling out of their Amazon? Hq to agreement to build a big headquarters there his quote. Actually I wrote it down because it just really struck me Amazon. Pulled out of this deal because there was a lot of criticism particularly from local officials in New York and to Blasio said in. What world are there? No critics? Well Yeah in an autocratic totalitarian world. Maybe they're not allowed. And maybe that's the world. Jeff bezos somewhere in his mind thinks he's entitled to still angry about the whole issue thing. A seems a bit salty about it for sure from. I did a really good job of getting insiders reporters and I thought the questions that they're producers asked the Amazon's exper- particularly good and it. Actually you know the Amazon execs are very good at kind of repeating the same things over and over and they tripped up a couple of the exacts a few times for example Dave Limp. Who'S THE AMAZON DEVICES CHIEF? They asked him about Alexa. And you know if the echo devices are always listening and and he started his response saying I disagree with that they're not listening and then literally a few seconds later. He said they were listening. And he had to backtrack on that so it was interesting to see kind of the test a little bit right. And Jeff Bezos did not sit for an interview in this documentary a bunch of executives did though and that's a big gap because it's hard to have Amazon actually put those executives forward for interviews but I thought it was really clever. What frontline did they pulled from old speeches and other interviews that were captured on video of Jeff Bezos and edited them very carefully to show kind of his inner mind thinking and in some cases it was a little bit damning because it went against what the more evolved Amazon is now saying about some of its practices Yup and circling back to your first question antitrust for a long time? Amazon's maybe live behind this thing. Where their whole thing is keeping prices low for consumers and that's. I think how they've maybe skirted away from the antitrust discussion because the current US laws. Are you know antitrust is put in place to protect the consumer and Seimas on says? Hey we are what we're doing but I think at some point in the documentary. They said we'll consumers may maybe getting lower prices everyone else in the ecosystem may be getting hurt and that can include third party sellers or competitors delivery drivers warehouse workers exactly so maybe low prices is not the only thing that the antitrust regulators should be looking at well. That's the big question of antitrust. Scrutiny of big tech right now because like you said traditionally at least for the past..
"jeff bezos" Discussed on Fresh Air
"What aspects of it but there's also the question is president trump trying to interfere with Amazon for retribution. Because Bezos owns the Washington Post and trump hates the Washington Post and considers it fake news and considered the post publication. That's out to get trump so What do you see happening with? President trump and his allies and Amazon well The Amazon right now is challenging. The fact that they lost ten billion dollar contract they were passed over for it and it was given to Microsoft and their challenges saying that president trump essentially corrupted the process because he doesn't like basis and he's made it clear that he doesn't like Bezos in tweets elsewhere because basis owns the Washington Post. It's one of the craziest wrinkles in the whole story. Which is that you know. Basis bought the post well before trump became president or was a candidate for president but Bezos has ownership of the Washington. Post has made him a target for the president's ire and So it'll be interesting. If for instance the Federal Trade Commission which is independent from the president but still he pointed the chairman there whether they take an enforcement action against Amazon. And that in some way that could be construed as a political act I I would urge caution about that. Think that the FTC is in would probably take that independently but just the mere fact that that could be insinuated because the president doesn't like basis Is makes for a really interesting time right now when it comes to this and what's also interesting. Is that the president raises some valid points about Amazon. You know and and So I think that for some of the critics of Amazon. It's a very strange thing that their criticisms are echoed by president trump. Because those aren't necessarily natural bedfellows. Do you think any of the Democratic candidates have interesting proposals for regulating Amazon. Yes I mean I think Elizabeth Warren has really been at the forefront of thinking through what to do with Amazon and the other big tech companies and really. I mean she before she was even running for president really did open up a conversation About the concentration of power specially monopoly power among the big tech companies and. She's come up as she does with a very detailed proposal but she's also made a deal of the idea that this break them up Which can mean a lot of different things? Essentially what break them up really means though is that to try to limit the lines of business that Amazon can engage in. So for instance Amazon. Is this platform for online commerce. That they themselves are competing on as a store against other stores and retailers. So she has this idea of. Maybe they shouldn't be competing on a platform that they own Maybe they shouldn't be allowed to be doing that because they have an unfair advantage That's in part what break them up means and And so I think it certainly something that Congress is going to be considering And I you know I think some of the other candidates have have been supportive of that idea of breaking them up. Amazon owns so many companies. Jeff Bezos owns the Washington Post Amazon has contracted with the C. I. A. For Cloud Computing Services. They're selling facial recognition services to police departments. I mean Amazon is involved with just about everything and Bazo says big goal is to get into outer space. So let's talk about that for a second. What are his plans when it comes to? Jeff bezos He. He's got to CEO's that are running Amazon and he asked stepped away a bit from the company. I mean he's helping to expand it into India and other places but as we understand it. His primary goal is to focus on his company. Blue origin and blue origin is his space exploration company. It's as rocketship company. And essentially it's the fulfillment of something that has been as lifelong goal and plan which is to as he puts it build the infrastructure to go to space and to make cost effective for us to figure out what to do in space and he claims and I think he's genuine believing this he wants to save planet earth and his whole idea is that he he. He doesn't wants there to be dynamism and growth he believes in capitalism he believes in consumerism. He believes that all of these advancements of energy usage and things that we're doing here are for the better but obviously they're hurting the planet and that we're going to need to look to the heavens essentially to figure out how we can continue to live in a world of dynamism and growth and that inject basis his mind means we may need to move heavy industry into space. We may need to mind other planets or planetary objects for their resources or we may need to actually build space colonies and he is really serious about this well. It's a complicated vision. Because do we want outer space to be owned by a private company? Yeah I think that that's complicated. I think that there are other obviously other Very wealthy people that have their space endeavors have similar things in mind. The way that Beza thinks about it is he's GonNa spend a billion dollars of his own fortune every year. Pump it into blue origin. This company and by the way blue origin is also seeking out a lot of federal contracts to try to do this to send satellites up Contracts with the intelligence community contracts with the department defense contracts with the with NASA Because even the richest person in the world can't fund this himself he he needs the help of the the federal government. Did you change your mind about anything pertaining to Amazon her bezos through the course of doing the documentary Yeah I mean certainly. It's in in the course of reporting this for the past year With my partner on your Borgen Meghan Robertson Who went through every shred of footage of Jeff Bezos over the years To try to kind of see what he was saying as as the company was growing. I mean you you. You can't help but be absolutely astounded by what he's done. I think though one of the things that I it it it just felt for the past year of like okay on one hand. It's amazing because we're all enjoying these inventions you know. Pbs runs on Amazon Web Services. Right and and And I am actually. I am prime member. You know. So you're dealing with all these conflicts as you go along But I think that Franklin four in the film puts it best which is like everything. That's amazing awesome about. Jeff Bezos and Amazon is also something to be feared about Amazon. And Jeff Bezos. And that really at the end of the day You know I think what I was surprised by was just how how complicated. This is the nature of the power that comes with being such a innovator and such an inventor but also how problematic that is that so much power as pooled into the hands of one company and one man James Jacoby. Thank you so much for talking with us. Thank you James. Jacoby spoke with Terry Gross. Yesterday he's the correspondent and director of the new frontline documentary Amazon. Empire the rise and rain of. Jeff bezos it premieres Tuesday on PBS. You can also see it on the PBS VIDEO APP and PBS Dot Org Slash frontline after we take a short break. Ken Tucker will review the new album from singer. Songwriter John Morland. This is fresh air support for NPR. Comes from whyy presenting the pulse? A podcast that takes you on adventures into unexpected corners of health and science plastic in the guts of deep sea creatures crying after anesthesia building. Your own Internet. Each episode is full of fascinating stories and Big Ideas. The pulse available. Where you get your podcasts. Or at W. H. Y. Y. Dot Org. Hi It's Terry Gross inviting you to check out our new online archive collecting forty years of fresh air interviews and reviews. You can hear my interviews with people like David Bowie of Franklin Johnny Cash. John Updike Tony. Morrison searched for names. You're interested in make a playlist for yourself or friends at fresh air archive dot org. That's fresh air archive dot org. John Moreland is a Tulsa Oklahoma based singer songwriter. Who's just released? A new album called L. P. Five moorlands notable fans range from Miranda Lambert to Rachel Maddow moorlands known for Writing Superb sad songs but rock critic. Ken Tucker says this. New Album shows a wider range of emotions.
"jeff bezos" Discussed on The Journal.
"My My name is Dr Alexander Sachs. I'm a psychiatrist. And the host of the Gimblett Podcast Motherhood sessions which is back for a second season each episode. I sit down with women who've come in with a question or a problem and we work on it together. When was the last time you tax? I think it was like two years ago. I just I feel feel like the sexual part of me is just doesn't exist anymore. You can listen to the new season of motherhood sessions for free on spotify or wherever you get your podcast. Welcome back by the end of two thousand eighteen M. BSN Simba's were not on good terms but no one knew the extent of it. Not and tell a personal drama in Betas life brought it to light and there's a person in here at the Journal who's watched it all unfold the head of our investigations team a man named Mike Second Nafi and how most people refer in the newsroom psycho. But again that doesn't have to be chief or boss. I answer to a lot of names I just WanNa. Does he copy. There's a lot of copy that crosses my desk and the recent stories that he's been editing have their genesis in a big announcement. bezos made last year in January of last year basis came out with a tweet announcing that his wife of Twenty Five Years Mackenzie bears as us. And he were divorcing and shortly after that the National Enquirer tabloid paper of record came out with screaming headlines. Talking talking about how the divorce was prompted by an affair. Visas had with Lawrence Sanchez born Sanchez a TV. The anger was married herself at the time. And so what looked to be a major revelation of a personal nature by Bazo. The divorce forest turned within a few hours into a much larger scandal because it involved the national enquirer releasing to the public very embarrassing information about. Jeff Bezos is a fair which led to the divorce and some photographic evidence of this. Yes there were photos and they were texts that the national poorer gotten so. Can you give us a flavor of those texts yell try. This is revanchism. NASA's told Sanchez. I want to smell you. Want to breathe you in. I I want to hold you tight. I WanNa Kiss Your Lips. I Love You I am in love with you and on and on until recently bazo had sort of a geeky reputation in in an interview in two thousand fourteen. He said that doing dishes every night was the sexiest thing he does is. His personal life was certainly kept private for many years and everyone when they focus on days as they talked about the brilliance of his business acumen and handle he founded Amazon and turned it into this monster company that everyone uses. You seem to be a private guy. And it's that private persona that made Bazo says public response after this saga. Perhaps even more surprising about a month later is she can extraordinarily blog post on what's called medium in this. Post bezos wrote quote. It's unavoidable that certain in powerful people who experience Washington Post news coverage will wrongly conclude. I am their enemy. And bezos hinted at two potential enemies. Amis who might be behind the national enquirer Article One the White House which head publicly complained about Washington Post coverage and the other the Saudi Saudi government the connection between Saudi Arabia and the national enquirer might seem surprising but they have a history three. Here's Justin we know that. Prince Muhammad and David Pecker. WHO's the head of the parent company of it's national enquirer had met two thousand seventeen really knew each other and around the two thousand eighteen visit when Muhammad keeps America? You do you choir published Glossy magazine. That was basically I mean. It was almost reminiscence stuff that you'd seen the tabloids Princess Diana was the fawning over the top language. About how amazing Prince. Muhammed is changing Saudi Arabia. One of the world's biggest investors and incredible American ally fighting terrorism and it was this like fawning piece of suck up the national enquirers parent company sources. This is have said. He had talked with the Saudis about funding for the company and in this blog. Post bezos revealed that he thought the national enquirer her was going after him beyond just the one story they'd published. He accused the paper of trying to blackmail him by threatening to release more details about his extramarital title affair. racy photos more texts ones. That would be even more embarrassing if they ever came out to Bezos than what had previously come out things things like according to vases medium post a full length body Selfie of Mr Bazo swearing just a pair of tight black boxer boxer briefs or trunks with his phone in his left hand while wearing his wedding ring or other naked cell fees and the like exactly exactly Bazo said in this medium post that the national enquirer was blackmailing him because they wanted him to stop investigating how they got his texts and why they wanted them. American media The parent company of the National Enquirer denies. There were any political motives behind the report on basis. When you read red basis as medium post what was your reaction to reading that letter? Do you remember. Holy smokes or some variation of that probably in the national enquirer had for many years been trafficking in racy information. But this is the first instance that we were aware of where. You're an executive. Try to get ahead of the inquirer is doing and flip the script on them and put them on the defensive so we knew it was a huge story. We just didn't know how far we'RE GONNA go. Basis is public admission about these photos and texts and his claim blackmail launched a bunch of different investigations and prosecutors reporters and Bezos himself. Were all trying to figure out what happened. Exactly how the national enquirer was able to get a hold of the texts and whether the inquirer was motivated by anything other than juicy tabloid gossip we launched investigation to our team through sources that he spoke with discover that the enquirer had received a number of photos and texts from Michael Sanchez. who was the brother of bezos lover Lawrence Sanchez? And what did our sources say about. Who Michael Sanchez is so Michael? Sanchez wasn't particularly well. No known before this incident as a talent agent and he's managed some television stores in reality show judges but the more important element of this at least as it relates to the inquirer. Is these long. been a source for the Inquirer reporters here at the Journal. Were able to find the contract. Michael Sanchez signed with the national enquirer. There was an agreement. That inquiry came up with Michael Sanchez. Paying the princely sum of two hundred thousand dollars four text photos and others nation that related specifically to the affair that his sister had with just Basil's in that contract Michael Sanchez said he got the text and photographs that legally so that left Mike and his team wondering how exactly did Sanchez. Get those texts and last week on Friday. They found out the photos and the texts. That Michael Sanchez Sanchez. Got were sent to him by none other than his sister learned Sanchez the US Attorney's Office for the Southern District of New York in Manhattan. It is in possession of these texts showing the progression of the text and photos from Lawrence Sanchez to Michael Michael Sanchez to the national enquirer. But wait a minute here. This is his sister. Sent the FOTOS use. These racy photos the text that you read to her brother. Why would she do that? Why don't they anyone could get into Lawrence Sanchez's head and Lauren has not responded to requests that we've made multiple requests for comment at the time she was married? Jeff Bezos was married so people could speculate about witter. Antennas were what the effect was that it did trigger or seem to trigger bezos to get a divorce from his wife and now Lauren Sanchez. And Jeff Bezos. Those are a couple Michael. Sanchez declined to comment on the texts or his contract. With American media in a statement he said quote with Spoon Fed lies and half-truths The Wall Street Journal keeps getting it wrong. Lawrence Sanchez didn't respond to requests for comment. And an attorney for Jeff bezos declined to comment. There's one aspect of the text revelations that Justin says is unresolved. There's this little space is in there. which is that? It's still unclear how the inquirer was first tipped off about the affair. The Inquirer said they were tipped off to the affair. It advance of getting the stuff from the brother and we don't know how they were tipped off last week. A report that was commissioned by Basil's came out it looked into the possible hacking his phone and that report concluded that Saudi Arabia likely hacked into his iphone through that video message sent in May of twenty eighteen to United Nations officials reviewed the report and said that those was likely hacked by Saudi Arabia In an attempt to influence how the Washington Post was covering the country but especially too many cybersecurity experts. The report wasn't complete. Nobody's found the malware on the phone. There's big gaps here. So there are all these speculative reasons why something might be true or something might have happened but there still remains the fact that nobody's found the alleged piece of militia software. The report also doesn't say what sort of things if any were taken off off of Bazo says phone by the Saudis. The questions. It's around the is there any nexus between what they believe. Saudi Arabia did what came out in the acquirer. We're not sure shore..
"jeff bezos" Discussed on The Journal.
"Things weren't weren't always so complicated between Bazo in Saudi Arabia. Actually for a few years basis and the Crown Prince of Saudi Arabia Mohammad bin Salman seemed to be friends. The two met in two thousand sixteen. When bezos took a business trip to the country looking to see what opportunities there might be Amazon and the crown prince saw so the potential benefits of being friends with him if Mohammed bin Salman could form a public relationship with basis where they were seen together and they were seen as in the same universe I mean Mohammed could make himself like he's the kind of guy travels in the same services? Jeff bezos. It would help him and it would help his stature at home and abroad. This is Justin check. He covers finance. He's especially been focused on Saudi Arabia and Mohammed bin Salman New Vision for the country Mohammed bin. Some on early on he identified Amazon is company that he wanted to establish itself in Saudi Arabia. To help boost settier profile and economy and make it more of the country he admissions has planned out a five hundred billion dollar brand new city to be built from scratch and the idea was that it was going to be center for Innovation and they identified a number of anchor companies. They wanted to come there early on with the Greek government incentives the government paid billions dollars. Free land free ranked in all sorts of other incentives to bring them there to start creating jobs and to create innovative new. Corporate structures and Amazon was one of them. And do we have any sense of whether Bezos was on board with that plant the Prince and bazars personally discussed various plans to bring Amazon specifically Amazon web services to Saudi Arabia. They were talking about a deal where Amazon invested its own money. Maybe a billion dollars more of its own money building data centers in Saudi Arabia turning into a regional hub. which would have been a brand new thing for the kingdom and would have added a level of legitimacy in the business world world? Hadn't really had Bazo hasn't commented on his relationship with the Saudis and representatives for the Saudi government also declined to to comment as did an Amazon spokesperson but Justin and his colleagues spoke to people on both sides of the agreement and they said this deal was an exciting thing for for basis and Mohammed bin. Salman those sources say that the two men continued to discuss the agreement from afar her and then in the spring of two thousand eighteen. The prince took a trip. The kicked off a series of events. That would eventually call this relationship into question. Mohammed bin Salman to the United States for three weeks in a big splashy campaign to change American perceptions about the conservative and oppressive kingdom the Crown Prince of Saudi Arabia is poised to take Hollywood by storm later today. Reportedly set to meet with heavyweights rupert. Murdoch and Bob Iger among long others Warwick tour. You went to starbucks the Michael Bloomberg net everyone from President Trump to Oprah Winfrey to Richard Branson Prince was and did. TC Jeff bezos he's charged in La. They had dinner at the dinner in Los Angeles on April fourth. Two thousand eighteen. The Prince and basis exchanged contact information so basis phone and just sent a message to the prince said hello. NBS NBS's Muhammad Awesome on and Muhammad replied. Say Hello I saved the number Mohammed Bin Soman and for context the Prince. Is it extremely busy person. Listen and he stays up all night and I don't think he sleeps very much and he is. What's that messaging with a lot of people all over the world seemingly all the time and so it wasn't really unusual that he and basis would have changed? What some numbers and they would then send messages back and forth? It's in keeping with the way the prince does things after. They exchanged numbers burs on. What's APP bezos became one of the people? NBA stayed up late at night messaging. According to Justin sources. They discuss business over what's APP. And then Bezos got another message from MBA's WHATSAPP account.
"jeff bezos" Discussed on Worldly
"Welcome back worldly listeners. we are talking about Saudi Arabia's hack of Amazon had Jeff bezos. I'm sorry alleged hack even though we have very very very good reason to believe that they did it. We just got that alleged in there but look here Here's something we've sort of dancing around but I want to state boldly and see what the two of you think. I think that this was stupid right. I don't think I think that it made sense for Saudi Arabia to use its crown prince to try to extract information from the head of one of America's most important companies and my reason for thinking. This is that it is too brazen an unsophisticated to have like yielded ended gains relative to the PR costs. And it's not obvious to me based on what we know publicly at least that the Saudis got anything out of this like they attempted to to blackmail Jeff bezos about his affair. It seems like anyway. We're we're not clear from the text and then the information. They texted a picture. Mba texted a picture of a woman that kind of looked like the woman. The basis was having an affair with but not really. I think that was blown away. I think so too remorse so like and now there's a theory that they leaked the affair to the national enquirer. But why would they do that so if they want to blackmail somebody like something about their whole behavior. Here doesn't make any sense to me. Especially since they wanted to just kill. Jamal Kaci the employees that they were so angry about. If they're just going to kill him. Why also hacked basis and make him even angrier career like this this this seems poorly thought out to the strategy? The Wall Street Journal reported effectively and will link in the show. Notes is that they. The Saudis wanted to surveilled avail be basis but not blackmail which I think makes more sense just based on and see what you just laid out? I think they wanted to make jam see what he was thinking. So you have the Hokey. Because she thing and his own affairs Cetera et CETERA. They wanted to get is On Basil's I guess I don't see I can see why at least in the logic of of the Saudi royalty of. MVSA would want that. But I agree with this. This is totally going to backfire. I mean there's already politically. I don't see much difference because Democrats are already going to be decided. Decided Audi and Republicans although more quietly now are starting to have their reservations the same kind of as Matt alluded to kind of got over the whole cook. She thing and they're still a lot of You know financial ties a Saudi. There's still a lot of silicon valley ties a Saudi. But now that it's like oh we could hack basis. I just don't see how they really come back from that like I don't see how you are a rising Silicon Valley company who wants to attract Saudi money. Sure but now all you have to think twice thinking maybe men they might start hacking us Surveilling US you see how they're doing you know see how we're doing with their money etc so I just don't see how this works works in the long run wouldn't be was first installed as crown prince right. He did a sort of publicity tour in the United States. It seems like He. He spent some good money on hiring some good people. He got a lot of favorable stories placed he did. Is he walking tours of the Silicon Valley companies companies and the impression. You were clearly supposed to get right. was like all right. The dice of a weird monarchy like came up in a favorable way. Everything everything that you made me feel a little icky about in the US. Saudi relationship is about to get better. this guy gets it. You know he's he's a friend of America friend of American business but he also sees the problems and he's moving to address them everything that's happened over the past year really just undercuts that right. I mean it's interesting undercuts. The idea that he's performer in undercuts. The idea that American elites should feel good about him being in power it makes him seem immature impulsive like he goes too far like you make sloppy decisions. Basically what you worry about in a monarchical system right which is that like the next generation air could just be an idiot right. There's nothing you can do about it. And that's what he seems like now right like he's he's too close to jared Kushner right. Donald trump is like like not going to be president until the end times. He's not cultivating a relationship. That broadly makes American stakeholders want to say this skype solid. Like this guy makes good choices. We can count on him as the anchor of regional policy. He's hacking business phones for obscure reasons. He's like maybe mixed up with the national enquirer. He's killing people for no reason and I think that's a killing Kashogi. It is a turning point in that. Saudi Arabia has always Had a sort of repressive system at home but has not been seen as like exporting authoritarianism or like doing crazy he stuff right to take somebody just. He's just sitting in America right. He's writing columns. That are like this isn't good and we're going to murder him right. It is not the one you need is like okay. It's just one guy who cares but it's a real crossing the line and it doesn't appear to have had any clear motive like why was this so threatening to Mike why is it a big deal that they're lashing out like this. Yeah it it doesn't that never made any sense to me either and and sort of you can say. It's not just about the way that he treats the in West but his policy more. Broadly when it comes to the region right like NBS has done two things that I think have really strongly undermine in Saudi Arabia's international position reputation setting apart Kashogi and bezos right. I is the war in Yemen which was launched basically by him personally his initiative back when he was Minister of defense before he became Crown Prince and that war has yielded relatively few tangible gains for Saudi Arabia in terms of diminishing any kind of threat to the kingdom is bogged down in an expensive and bloody conflict in a neighbor and has only pushed the who the rebels closer the rebel faction. They're fighting Iran. Initially they weren't that close now. They rely on Iranian support for military success and it has made a lot of people inside the United States. Furious right like I alluded earlier to a congressional vote against the war in Yemen. But if you think about that right. There were enough votes on both sides of the aisle for a bill to pass ending American participation or support for this conflict the trump had vito right that. There's a really really stinging rebuke to the Saudis. And that's because the war has been really really bloody and the way the Saudis have fought it has been very very unconcerned unconcerned and perhaps actively hostile to the laws of war in certain instances like bombing hospitals and stuff like that And then you have that on top of that. NBS has done a a series of things at home that have been just obviously repressive right like when he threw a bunch of people related to him in jail. All at was it the Ritz Carlton Very Swanky Hotel. Yeah he like he home. Arrested a bunch of them in a five star. Whatever it was weird to tim person them like that but the it was generally about crackdown on quote unquote? Corruption was in actuality a way of purging the Royal Family of political threats to him. He's been more repressive towards dissidents at home in all this is built this reputation of Saudi Arabia as not the lake Slick PR version that. NBS tried to sell where he's being being a less repressive when it comes to things like women's rights like granting them the ability to drive and stuff like that which is what we thought he was going to try to push the version of it. You still get in certain influential columnist on this writings on the topic but just a country that has been more bloody militarily adventurous and repressive than it ever has been in the past and that is pushing shing Washington sentiment further and further away from them. The Saudis can't afford to lose their American patron. I don't understand his overall strategic efficient. I just don't get it. I don't either it but I guess if you are NBS and you are and you are not thinking the long term. I guess you could imagine you're getting the green light from the trump administration. I mean you're close to Kushner. Are you the president is vetoing anti warlords. And you didn't really do anything about at all in fact said we'll they're buying stuff south from us so we're good. I mean I guess you if you're if you're MVSA like the risk of baseless finding out that it's us and even if they do like the risk is low that trump rob is gonna do anything about it and change the Saudi relationship. So I'm not saying that this is not a trump story in any way but but it's it's kind of it's kind of a trump story in the since that like this green light to Riyadh has as allowed to think like I can do a lot. I can do whatever I want and going going after. Basis as part of that reminds me of trump's behavior when when you're on the weeds and we were talking about Iran so money is this tendency sort of comparable able to the moving of the embassy to Jerusalem where it's like people have been warning. I mean I'm just stealing your point in saying there's a lot of downside risk to this. There's a lot of downside. The risk this and trump's view was like probably nothing bad will happen any did it and nothing bad did happen right the grand scheme of things and it's the same thing right so like the Saudis have been getting away with this fried but it's each of these moves is associated with a lot of potential downside risk and no really obvious upsides insights right. And that's the the problem for their strategy in particular. I mean they are greatly increasing the salience of anti Saudi sentiment in American politics. Right this has never been a like super popular idea with the mass public. But also like who cares right right but when you're doing things like you're killing journalists. You're hacking super famous. Business People You're like massacring people in Yemen right they are like ratcheting up the level of scrutiny that this relationship gets and then they're banking on the fact that trump is in their corner to like take care of all their problems but five years ago. I would've said you know the. US Saudi relationship is totally outside the scope of partisan politics. And now because they think overreacted to Obama's mild skepticism have turned it into a much more sharply contested issue up for no good reason. The Iran deal was a turning point. Let's just make make noted Oh to that. The Iran deal was a turning point. The Saudis felt that you're getting a lot closer to Iran Then the saddest. Lash out in ways that we've discussed in part and then of course Democrats thought the Iran deal was good. Trump was out of the Iran. Deal then that that helped to politicize this as well as the war But I do kind of wonder you know even if the Democrats in power power the way if a Democrat wins the next election they're going to find a more hostile Iran maybe Iran. That's closer not close but closer to a nuclear weapon Of It will be harder. I think for even Democrat. That may be Saudi skeptical to be friendlier to Iran and they will need some something to balance it and it's going the B. Saudi Arabia. So I think even if you're thinking sort of like in long term risk there that's a way to kind of hedge If if you're if you're in Riyadh you're probably thinking maybe down the line they're going to need lead us Unless somehow there's this miracle turnaround with Toronto. One thing I think that is telling of the sort of unsophistication that we've been talking about in..
"jeff bezos" Discussed on The Small Business Radio Show
"Get ready for all the craziness of small business. It's exactly that craziness that makes it exciting and totally unbelievable small business radio is now on the air with your host. Mary molds well. Thanks for joining this week's radio show remember. This is your final word in small business for those just keeping track. This is now happy holiday show number five hundred sixty four. This episode of course is provided by Nick. Stephe the all in one communications occasions platform for your small business. It's also sponsored by Lincoln. The place to generate leads drive traffic and build brand awareness for a free one hundred dollar credit to launch. Aren't your campaign go to. WWW dot lincoln dot com slash SB are. It's those supported by e file for Biz the easiest way to process print and mail your ten ninety nine W. twos business go to www dot e foul Biz dot com. It's also sponsored by visa. All you need to run your business on one software software go for a free fourteen day trial at. WWW dot v. seat dot com that's VCI DOT com. It's also sponsored by blue summit supplies the place to get your ten ninety nine and W to tax go. Blue summit supplies dot com slash. SB are for ten percent off. Well L. Every small business has dream to build the next Amazon. But what can you learn from the way CEO. Jeff bezos actually succeeded. My next gases Steve Anderson who was invited to be one of the original one hundred fifty thought leaders and influencers on linked in with over three hundred thousand followers. He's got a new book lookout. Called the bezos letters. Fourteen principles to grow your business like Amazon Steve. Welcome to the show very. Thanks for having me. So how did you get interested in. Really focusing on Steve Visas Success I was looking. I've been in the insurance industry In most of my career And spending the last twenty years looking at technology and its impact on insurance agents and brokers and I realized that with technology developing his rapidly as it is that the biggest risk of business faces maybe actually not taking enough risk so very counter intuitive and I began researching businesses that were successfully doing it and businesses. That weren't that led me to Amazon as perhaps one of the better examples of risk taking and successfully doing it And then the shareholder letters and realized that Bazo said at literally laid out hidden in plain sight his plan for growing Amazon. What it is today? And that's what that's the most interesting part about your book because you say. He laid out in plain sight in his shareholders letter. What kind of insight did he give these public letters? Well all kinds I actually in the book came up with What I call fourteen principles to to grow your business like Amazon and he? He talked about all kinds of things in ways that he thinks and and how he used those ideas to build Amazon so as an example the first principle is called encouraged successful failure. Well bazo understand From the very beginning a correlation between experimenting inventing and Innovation and. I actually think that's where a lot of people get it wrong. But he says in the letters that an experiment actually means. You're going to fail because if it doesn't mean that it's not an experience exactly right and so. He has built a culture at Amazon. That actually really encourages people to experiment and knowing that they are going to have some failures but the question is what are we learn earn from those failures and if and even in his two thousand eighteen letter the last letter he goes on to say if at Amazon. We're not growing growing the size of our failures to scale with our company. Then we're not going to move the needle enough so we need to have billion dollar failures which for most business owners is just still for me saying it. It's a hard concept to grasp so Steve. What do you think that Jeff Lay these things? Out in shareholder letters because traditionally these things are pretty dry and have to be very careful about what they say vis-a-vis their share price in nodding towards what direction the company company is. Because it can you know it can be dangerous. Yeah absolutely and Frankly I haven't met him yet and one of my questions is exactly that that and I think I mean there's a there's a small handful of CEO shareholder letters like as those certainly Warren Buffett. Is You know one of the historic examples of people waiting for his letters to come out because of what's in it. I think once people realize what's in the letters that Bazo says written they will have that same anticipation and so I'm actually. I am surprised as is that was one of my biggest surprise and actually reading through all the letters is how much of his philosophy And and really tactical practical health that he puts in those letters and again I don't think most businesses are going to be in another Amazon on but it's hard to argue with their success and the question I had was are there things. Any business can learn from their success. So you Outline these leadership principles that are in these shareholders forms. One of them you talk about is the six page memo called. Believe it's always day one what they try to explain there so the concept of of day one again is core and it started in the very first letter in Nineteen ninety-seven and it. It really is a mindset at Amazon and Basil's continues to push this idea that even as big as Amazon was on is today And in fact I can I can go to the two thousand eighteen ladder and he ends the letters and he's done in this now for ten twelve thirteen years with a phrase similar to this as always I attach a copy of our original nineteen ninety any seven letter it remains day one and it says idea that as they walk into their office this morning. Do you have the same excitement as that. First you were in business and maybe one of the best ways to explain day one is to actually talk about what he basically says says about day to then he talks about this in two thousand sixteen ladder because he was asked at a all hands employee meeting. Jeff what is day to look. Look like. Here's what he said. Day to stasis followed by your relevance followed by excruciating painful decline followed by like death and that is why it's always day once the con- The contrast is I mean you can point to Kodak and blackberry and blockbuster and maybe sears and right right and and it could take years for that declined to happen but if you don't have that startup mindset that day one mindset you're gonNA move and in fact he says Amazon's GonNa go bankrupt someday. My job is to move that as far into the future as possible and Dan. That's part of that day one mentality you know. It's it's very difficult because I think that when you have some success as a small business somewhere along the line fine you start running your business or you play not to lose. It's very difficult to continue to risk it all every single day the way. That bezos is really talking about. I I absolutely agree with that. In fact one of the phrases that I use is that the biggest risk a successful business faces is being being successful because what happens is that mindset as you very well said start shifting to protecting what got us. They're not looking forward to. What else do we need to do? What else do we end? This is a phrase. What else do we need to invent on behalf of our customers customers so another one parts of his letters is you talk about disagree and commit and I thought that was very interesting because I believe those two things really are in contrast with each other? Yeah absolutely and again that revolves around the decision. Making uncrossed at Amazon and one of the growth principles is Generate high-velocity decisions. So here's how bays US describes that ask businesses face two types of decisions. What he calls type one type two type? One decisions are big decisions kind of bet. The farm And they should take time and lots of data and be very intentional type. Two decisions are decisions that can be made quickly and Dan as again. He describes his decisions that can be reversed. If you move forward and don't like what you see one of the problems he says this is as a company grows. Their decision process tends to move to type one for most decisions and in a way from type two. And that's where the concept of disagree in commit comes from. He says one type decisions you should make decisions with at most seventy.
"jeff bezos" Discussed on Slaypedia: "The WallStreet Chick"
"A share. What I wake up every morning is something that I created that I call my wall of mentors in my bedroom. I have five huge sticky notes on my wall. Aw One of each is someone I admire and identify with in business. The Wall capture some of their positive affirmations unbel- beginnings views on failure in positive quotes about mindset. Is the first thing I see in the morning to not only set my thoughts and my goals into my mind for the day but to stay in control of my mindset. That's how serious I am about owning my space. One of the people on that wall that I will discuss today. Is someone who I have actually been following for quite some time now. And it's Jeff Bezos. Jeff bezos founder and chief of Amazon has a net worth of one hundred fifteen point four billion dollars. He became the richest man the world in late. October of two thousand seventeen but the beauty of his start isn't a rags to riches story. He actually left a very lucrative and cush job on Wall Street to start the company. His idea was good but left. Many people confused as to why he of all people would leave his software engineering job on Wall Street to start a business business. His boss even told him. That's a good idea but you have a good job. I love story because following purpose and chasing destiny isn't always about being rich are making money. It's about responding to something deep inside of you. That idea that keeps you up at night. That what if that keeps ringing through your head. He did not start the company because he needed money are even wanting more money. He started it because he believed in the idea to open doors and those doors ended up opening other doors that he he didn't even imagine for Amazon. Amazon's motto is now we sell everything from A to Z.. It was the purpose that drove him. In the words of Jeff Basil's I didn't think I'd regret trying and failing and I suspect it. I always be haunted by decision to not try it. All Joyce Meyer's just recently visited my church and she says something that really struck a chord with me. She said this. I'm willing to risk it all to see if I'm right. That is your hunch that intuition into wishing people who follow that may experience failure after failure and even moments that your idea makes you feel unsure but that failure ultimately contributes needs to you birthing something even bigger than you can imagine. Look at it this way. You could be running into failure after failure because you're just not thinking big enough after much. Research urge constantly reading about his big. As accomplishments in Wall Street Journal and Business Week I have combined and created a three step formula for you to carry on your journey. We consider this. This is advice from the richest man in the world. So take notes. First thing we're GONNA go over is Jeff Bezos way of thinking. He said this forward thinking requires you to plan things out realistically and rationally. It also causes you to seize the moment. Basil's took a few days to consider that advice and he tried to mental exercise. He said he realized the best way to think about it was to project his life forward to age eighty that way he can make make a decision that minimized his grants Bazo said. It became obvious that he would leave his job to start Amazon. If it failed I would be very proud of myself itself when I reach age. Eighty that I at least try. This is what he said with the article interview with Tech Crunch so before you put someone in that hero are Shiro space space. You should aspire to be a person that inspires you. It's so easy for people to post these messages on social media. And say for yourself being your own boss entrepreneurship ship this or that however truth be told. That's actually a very scary and daunting thing to do. So instead of taking the advice of strangers who tell you to jump in later take the advice from the richest man in the world. Take time to think rationalize really think. Take time to pray researcher market. You know how passionate I About researching your market if you follow me not sizing up your market and Understanding Trans to use that information to plan effectively can lead to a horrible startups and even huge successful companies. Coming to an ultimate end. Just look at us so ask yourself this. What would your eighty year all self say to you now. What kind of person do you want to become and most important. What type of legacy do you want to leave behind the second point. I want to go over his. Don't forsake the the struggle. This is where he actually captured my attention leaving a comfortable job on Wall Street to launch an unpredictable businesses. Something that many would not do. But it's that very risk that allow Jeff bezos to become a billionaire and founder of Amazon at a summit series in Los Angeles. Bazo sat down with his brother. Mark Talk Talk about his journey to entrepreneurship and the factors that influenced his success. It's easy to be inspired by a person who is a billionaire..
"jeff bezos" Discussed on The World Transformed
"Motivating idea for coming up this whole approach to an increase in the book is that two amazon to the no extensions of that basic bookstore idea a jeff bezos as a citizen unique problem when he calls money well he bought all food i don't know but meant that entity gets more money i don't know it's a good question yet worthwhile baqi by washington oh sorry everybody online mealy starter reagan in the walk obn jeff bezos bog right now of washington post famously lose money sodas new york times interview hills also dhs will use a profitmaking operation in anyone how that will be affected he becomes incorporated zuhdi amazon or corporate structure is an unknown it will its profitability one no doubt decrease in increase variably over over time do do all variety of influences some of which just won't be able to control directly eur respond to but uh essentially uh he's gonna have to continue to expand amazon in areas that have nothing to do so many books in order just to find a place to stash is money and is only going to get worse and worse so i did didn't recent talk like uh it could have a problem i don't know why you're laughing stephen what's to this man gonna do with all his money okay this is well well you are um you know ah well as obviously losing sleep at night thinking about what what is a janitor with his money so tell us actively i'm i'm a spinning my waiting you'll bore flawlessly time dreaming up ways to forget to spend this money to help him yeah absolutely hearing so yes it'll also again donen bob jim zona me just to be on your right of course all anyway so he's going after the i just say find your saturday urged coming about amazon formally.
"jeff bezos" Discussed on The World Transformed
"In some ways the most kind of offbeat i think entry one of the most offbeat entries in our whole book your your essay was entitled to let me just let me read the name of it because i just love this your essay was go i'm i got the book mark stuck in the wrong place but basically was called get jeff bezos to hire humanity did i did i say that rape was at the name of it was posed as a question how jeff bezos can hire humanity okay there you go all right fair enough you know so i i think if the only if the only one we have that uh that mentioned a living person by name and uh the only one that uh talked about putting humanity to work yeah asked japan's oda to hire remand here it is not a okay so will explain how can uh how can jeff bezos uh higher humanity what does that mean well he could go around door off saw a job the robbery i can only be it would be a he's really gonna need to know of your life extension of that however he has the perfect platform to contact virtually anybody virtually where i am lunda com course now he's already demonstrated a willingness to go just not sowing of books um there's reasons talk of law him being number one on the who's got the most money list well he in eight men said now that he is the richest man of world that he's path bill gates and object jeff bezos is now number four that is true right the friend we'll be right i mean like yeah that's as it with on last week or so right yet early reason so that brings up i have a problem i was strategically foreseen back lifers this was kind of yet the.