19 Burst results for "John Mack"

"john mack" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:37 min | Last month

"john mack" Discussed on Bloomberg Radio New York

"Dot com slash Financial executive sees himself and I feel like I honestly recommend that you read it. I feel like it really will really stick in my memory. Didn't John Mack when he was getting the check to save basically Morgan Stanley during the Chris, I think he was in short and he had a borrowed jacket because it was a Japanese bank. That is a great memory Carol. It's a wonderful memory that John mcelroy shorts because he chews out a colleague running shorts. But you know, Carol, the things that really sticks out in my mind is, you know, he depicts himself as a really, really intense guy. He has a piece of art in his office that's like a head being impaled. By something between the eyes, you know, between the eyes, he really does give a wonderful sense of what he must have been like to work with. And speaking of Andrea ruskin's book and financial crisis, the thing that I felt disappointed by was that he sort of snaps his fingers and takes us from Christmas in 2007 to basically Lehman weekend. And I wanted more from him. I would have loved to hear what the beginning of 2008 was like, which is my memory that's too big to fail is about. I wanted more of that. Not less reading a book. I agree. Like, right? Because I think that's what I loved about that book because it felt like you were flying on the wall in terms of when the financial crisis was coming down. We're speaking with max abelson, he reports on Wall Street's money and power, his latest about John max new book, up close and all in. Max, what about the time period that Mac kind of oversaw on Wall Street? It goes from a state business as you write a quiet corporate adviser to a multi $1 trillion industry of globe trotting trading giants that became too big to fail. It's so nice to talk to you too about my journalism. Because you both are obviously such close readers of the story and really a really makes me feel good to feel I can really tell how engaged you are in the writing and the reporting. He's lied to me. Well, let me answer your question this way. When John Mack gets to Morgan Stanley, the company has like a hundred people or something like that. I mean, don't hold me to it. It might be 95 or somewhere around that. But it's a small company. For decades, Wall Street was really the stuff of advising corporations or advising rich people or advising governments. And, you know, there was not they had not yet become these multi $1 trillion essential companies that we think of or too big to fail as it were. And max career is really fun to follow because we began by mentioning like a Lewis book in the 80s. His career sort of takes us from the early 70s when it's a much different business to the sort of smoky curse word filled halls of the 1980s. And then of course, the reason that we think of Mac is that he returned to Morgan Stanley in 2005, and in those years, 2005, 2006, 2007, he oversaw a company that took a lot of risk and that is not the reason that we had a global financial crisis. But max era at Morgan Stanley really typifies an era of risk-taking that obviously led to bad results. And you know, I have to say he does address that. He addresses it briefly. You know, he moves on pretty quickly, but he does say basically apologizes for taking excessive risk, which I thought was really memorable. That's max abelson, Bloomberg news, finance reporter. The story worth a full read, which you can find on the Bloomberg terminal, and of course, at Bloomberg dot com slash business week. You're listening to Bloomberg businessweek coming up, it's time to go skiing, and we've got from ski to shining sea. A lot of places you can get ready to go to. If you can afford the tickets this year. It's all coming up next. This is Bloomberg. At Bloomberg markets, our guests know where to get the answers. Just to put a good word in for Bloomberg, one of the few systems you can easily use to figure it out is right in front of you. Inside. Analysis. In the best from the Bloomberg terminal. The Bloomberg terminal is like a Ducati Panigale. I can extract maybe 5 to 6% of its total. I don't think you're even close. I think it's like sitting on top of a Saturn B 5. Bloomberg markets with Paul Sweeney

John Mack John mcelroy max abelson Andrea ruskin Carol John max Morgan Stanley Lehman Chris max era Max Lewis max Bloomberg Bloomberg news Mac Bloomberg businessweek skiing
"john mack" Discussed on Squawk Pod

Squawk Pod

05:46 min | Last month

"john mack" Discussed on Squawk Pod

"It. How are you feeling? I feel great, you know? Try to work out, exercise, try to stay busy. I got a wonderful partner in Christie. I got a family office who works with me on our investments and what we do and what we sell and what we buy. I try to stay involved with the Newark president hospital, which I've been involved with for years. So I try to stay active, but look, what I'd rather go back 25 years and be back at Morgan Stanley answers yes. I loved it. It was fun. The people were great. And there was a feeling that you were right at the cusp of globalization and the friends we made in Japan. And what we did in China, and what we did in Europe, I miss all that, but look, you can't do it forever. I just move on. Proudest moment could be career, could be life could be family. It could be whatever. The proudest moments, my family. I mean, you know, I work 24/7. Christy really grew and nurtured our kids. I try to do it when I'm around, but she really ran a household and our family, I'm really proud of and without kind of love and mentorship she had that wouldn't have happened. So I'm most proud. I get emotional. And most proud or lucky of my wife. I mean, I know what I've done. And I know people say you're really successful and that's great. But when you're successful in your heart, nothing better. My life is a ten. Even if tomorrow, I can't even pronounce or spell or do anything. It's been a ten, and it's because her. John Mack. It's a privilege to spend time with you. Thank you. Congratulations on the book. It's an amazing story. It's amazing career. It's amazing life. Well, thank you for having me. Thank you. The last line of John max book offers this epilogue. My prognosis is far from perfect, but my life is perfect. If I were to go back to when I arrived in New York City, I wouldn't change anything. I have killed it. Andrew spoke to Becky and Joe after sharing this interview. The book is worth the read, guys, and you can watch the entire interview on CNBC pro and check out the book. It is called up close and all in. Can I just say, I love John Mack. He's always been such a gentleman. So considerate and kind and thoughtful, even while he was doing one of these Titans of the world jobs. I admire him greatly for saying what he said about going after this. There's no reason to be embarras about this anymore than there is a broken arm or anything else that you might have going after you to come out and speak out about this to have other people potentially follow the follow what he saw with this. He didn't know what was happening. You got to look for early signs. You got to attack it. They've been giving a medication. I wish John and his wife, the best. And I am inspired by what he said to you, Andrew. Yeah. In the explained how you can measure because I Googled that immediately to find out the assays and test that you can do. And you can do some genetic testing. Obviously, to see if it's in your family, but then rapid eye movement, testing, there's all kinds of different ways. And what he said, they show you something, and then a couple seconds later, you need to try and refute. But cognitive tests. I think it helps to do what we were and all these things. They say, do do all this stuff. I think it also helps to have a baseline. Some of the testing, again, from family who have known through some of these things. You need a baseline so you can tell if there is a deterioration. I used to be better at jeopardy. That's all I'm going to say. At what? At jeopardy. And that's not a test. That's not an endorsement. One way or the other, but there are things I know that I can't come up with immediately, you know? And it makes you wonder. And the jumble. Word of jumbo, octo, I do them all. Anyway, it's really touching to hear from John Mack.

Newark president hospital John Mack John max Morgan Stanley Christie Christy Andrew Japan Europe China CNBC Becky New York City Joe John
"john mack" Discussed on Squawk Pod

Squawk Pod

07:54 min | Last month

"john mack" Discussed on Squawk Pod

"Mac reflects on it all in a new book out this week, it's called up close and all in, life lessons from a Wall Street warrior. Hi, this is the interview of Andrew. We're going to count some time code off here that is ten hours Andrew Ross Sorkin spoke with John Mack in a wide ranging interview. Anytime? Okay. Shall we start? Okay, great. More than ten years after he retired from the investment bank. And how are you feeling? I feel good. In his memoir, Mac reveals he has early symptoms of dementia, which he'll describe in his own words. Well, a lot of people have said to me, John, you got to write a book. You've had a unbelievable career. You got the firm through the crisis. You've been very successful. And it kept coming up and coming up. But it really started about three years ago where we started working on it, but it's been in my ear for ten years. Can I do it? And what do you want people to know? I want people to know that in business, it's a critical that you have to make tough decisions. And not all your decisions are going to be right. And when they're the wrong decision, you pick yourself up, you get your team together. You get a new plan, you go forward. And I think in business, oftentimes, especially with less experienced managers, there's a tendency, this didn't work. I don't know if I want to do this. They kind of give up. And my view is business is kind of knocking on doors and you get the right door to open. And it's also about building a culture that's willing to stand up and take risks and be honest and straightforward, not just internally, but also with their clients. The fall of 2008 saw the American economy sustain the worst financial crisis since The Great Depression. In the U.S., a dizzying market downfall wiped out nearly $8 trillion between late 2007 and 2009. The value of Americans homes and retirement accounts plummeted. Breaking news all over Wall Street this morning, this is a special early morning edition of squawk as Lehman Brothers files for bankruptcy, AIG working to raise cash and come up with some kind of survival plan and Bank of America buying Merrill Lynch for about $50 billion in stock. The final detail. Lehman Brothers went bankrupt, Bank of America, Merrill Lynch, and insurer AIG required a bailout from the government and there was a spate of rushed corporate marriages. Companies merging to stave off destruction. Another day, another seismic shift on Wall Street, Goldman Sachs and Morgan Stanley, deciding to become banks. They will become traditional banks. The masters of the universe. For John Mack in the C suite at Morgan Stanley, it was a critical time. The firm was nearly out of cash, and the stock price in the single digits. Let's talk about one of those decisions and perhaps maybe one of the biggest risks you ever took at the same time. Sure. In the middle of the financial crisis, it's perhaps one of those dramatic moments of the crisis and in your book, which you recount. Timothy Geithner, who later served as president Obama's first treasury secretary, was the president of the New York Federal Reserve in the fall of 2008. He, fed chair, Ben Bernanke, and Bush administration treasury secretary Hank Paulson, they all wanted Morgan Stanley to partner up with JPMorgan Chase. 2008, a Sunday Night, you're on the phone, Hank Paulson, Tim Geithner, Ben Bernanke. And they effectively are trying to force you to merge with another bank. Correct. Yes. So Tim guy in a really drove the conversation. I think Hank was much more sanguine about investment banking and Wall Street. I mean, he wanted me to do something with the firm also, but not as aggressively as Tim. Tim said, look, I want you to call Jamie Dimon. He'll buy your firm. And I said, well, look, I believe the Japanese are going to come in and put money into it. He said, well, you can't wait for that. I want you to make the call. So the next morning I called Jamie. And he said, John, I don't want your firm. I said, well, Geithner is telling me you do want it. And he said, well, I'm going to call him and tell him for sure. I don't want it, and if he forces me to take the firm, I wouldn't pay you $2 a share for work. And I said, well, it's not for sale for $2 a share. But Geithner is all over this. So deal with him. So that was a dialog that went back and forth. A lot of pressure, I had the board come in because I didn't know if we'd make it. And literally we were waiting for the Japanese to come into their office that 12 hours difference. So we have nothing to do. We're watching the New England giant football game. And I get a call from Geithner and said, did you call Jamie? He kept pushing me, and I finally said, I won't do it. I'll take the firm down first and I hung up on him. And literally, my board in their pants on that move. And I'd say, I can't, I don't know what calls me to do it. I just thought it was just the wrong thing to do. This moment, deep in a season of crisis, was dramatized in the 2011 HBO adaptation of Andrew Ross Sorkin's 2009 book, too big to fail. Actor Billy Crudup portrays Tim Geithner on the phone with John Mack, played by Tony Shalhoub. We want you to call Jamie. Let me ask you a question. 35,000 jobs just disappeared in this city between AIG, Lehman and bear. We might get a deal with Jamie. He'll fire 20,000 Morgan Stanley employees. You think that's good public policy. Paul Giamatti is fed chair Ben Bernanke. John? We are looking at the whole system here. The Chinese are leaving. Gather network we're also talking to Mitsubishi. I gotta go. Get me cure all your noggin, the Japanese translator. There's a moment in the story in September of 2008. Okay. Where your secretary is telling you that Tim Geithner is on the telephone. Right. And you told her what? Well, she came in and said, Tim Geithner is on the phone. He wants to talk to you. I said, tell him I'll call him back. So she comes back in and she said, he said, he wants to talk to you right now. I said, tell Kim, tell Tim Geithner. I'm on the phone with the Japanese. He can get. So that was a Tim Geithner's calling again. Cover your ears. You tilt Tim Geithner to me. I'm trying to save my company. Look, we were trying to save the firm. I didn't have time to talk to a bureaucrat. I needed money. And he just wanted me to merge the company. This morning, Morgan Stanley, talking about a capital raise, essentially getting a 20% stake of itself bought by Mitsubishi ufj that is Japan's biggest bank there. Getting a deal done late last night announcing it about an hour ago and planning on closing it right away. James Gorman, your successor says this was the most important thing, most important ten minutes of your entire career. Yeah. He did say that. He sent me an email, which I have framed. He said, this is the best ten minutes of your career. And he said, I've learned more on this situation and at phone call than I have in my entire career. And he's been a great leader and a great supporter. And a really good businessman

Tim Geithner John Mack Morgan Stanley Andrew Ross Sorkin Lehman AIG Ben Bernanke Merrill Lynch Hank Paulson Bank of America Geithner New York Federal Reserve Bush administration treasury JPMorgan Chase Jamie Tim dementia
"john mack" Discussed on Squawk Pod

Squawk Pod

02:51 min | Last month

"john mack" Discussed on Squawk Pod

"Next, on squawk pod, we're going back to the aughts. All right, an executive shuffle over at Morgan Stanley. It's a Wall Street soap opera. Reflecting on an historic career during a historic time, success, money and the U.S. economy in crisis with the banker known as Mack the knife. And I finally said, I won't do it. I'll take the firm down first and I hung up on him. My board, their pants, on that move. John Mack, the colorful head of Morgan Stanley during the financial crisis, the millions he saved and spurned, the warrior attitude he brought to Wall Street and would it all means to him now. I know what I've done and I know people say you're really successful and that's great. But when you're successful in your heart, nothing better. My life is a ten. Andrews extended intimate conversation with John Mack right after this. I'm Scott Wapner, when the closing bell rings, we're just getting started. Closing bell overtime is your destination for late breaking news, and after hours action, we're tackling each trading day with actionable advice from some of the biggest names on the street. Follow and listen to CNBC's closing bell podcast today. Welcome back to squawk pot. I'm producer Katie Kramer, and today, well, we'll start this going down Wall Street's memory lane. It's 1993, and John Mack, born to immigrants in a one stoplight town in South Carolina, has just assumed leadership and investment bank Morgan Stanley. A few years pass, complete with a mini global market crash in 97 and a merger takeover of Morgan Stanley that eventually pushed him out of leadership. Mack led another bank for a couple of years, but in 2005, he returned to great fanfare, and it was reported where else, right on squawk box. All right, an executive shuffle over at Morgan Stanley. It's a Wall Street soap opera. Good morning, the investment bank. Everything's going right next to the greatest challenges that Mac is facing here. I mean, it's an incredible story, a great story for him. I'm sure personally to be able to thank you. It was quite a comeback for John Mack, pushed out four years ago by the man he would ultimately replace, but after the applause can Mac broker peace and bring in the profits at this storied Wall Street firm. Nothing like coming home. Mac was high profile in the financial services industry. Big business names helped launch the campaign at cipriani's in Manhattan. The first time I was asked I said no, you just want me to raise money. He saw Morgan Stanley grow from 300 employees to 50,000 and played a starring role in the dramatic rescue of the firm during 2008s financial crisis, all while savagely cutting costs. John Mack is one of

John Mack Morgan Stanley Scott Wapner Mack Katie Kramer Andrews CNBC U.S. South Carolina Mac cipriani Manhattan
"john mack" Discussed on Squawk Pod

Squawk Pod

07:46 min | Last month

"john mack" Discussed on Squawk Pod

"I loved it. It was fun. In this podcast, Andrew Ross Sorkin's full interview with Mack the knife. On success, our economy and his next chapter. I'm not embarrassed about it. It's like, you know, I got the flu. Okay. I have dementia. Let's deal with it. It's Friday. October 14th, 2022, squawk pod begins right now as we wrap up another wild week on Wall Street. Stand by Joe in three, two, one, his mic Q. Good morning. And welcome to squawk box here on CNBC live from the NASDAQ market site in Times Square. We're going to do it this. I'm Joe, you're doing 7 30. We do Amanda Rosso with Joe kernan. I'm Joe kernan with Andrew Ross Sorkin. I'm cool with it. Becky, you don't prefer the top of the hour. I think it's better at the top of the hour. We better alternate those two. You're good. All right. You're not like that. Far be it from you for any type of self happy to always be in second position. Or third. Yeah, okay. False humility. That's the worst type. Becky, Becky is Becky's off. You're pretty successful. You should just, if you got it flown it. Okay. Yeah, don't act. Not becoming. No. Emmy? Freaking Emmy. You're like, oh, who me? We've had a wild wild ride just yesterday in the markets. Let's talk about the swings because the Dow started the session in negative territory. You may very well remember after this September CPI data came in hot, and then it swung more than 1500 points to close up by 828 points. That prompted this tweet from former Goldman Sachs seal Lloyd blankfein, who said, this is one of those trading days where if you have the news in advance above expected CPI, you really would have lost a lot of money. Boy, what have you, because the expectation there was, oh, now the fed's got to keep going. We also just skipped the entire first half of yesterday's move, which we were down. And then we surged on the notion that Liz trusts in the company. And then we were up two or three, 400 points. And then the CPI came down and we flipped again to down 500 and then by the end of the day, we were up 800. I kind of want to understand what you think happened yesterday. I talked to a bunch of traders. All of whom nobody had a good explanation. The UK piece of it was like a sort of ocean, but no, no, that was a red herring situation. You know what opinions are like. Yes. And on a day like that, after we've been in this environment where it's just been so gut wrenching. And it may not be a 40 on the vix, but the hopelessness was pretty thick. Yesterday at one point where that inflation number came out. So there's technical reasons there's people get short the market. So all of a sudden it starts, it's like, wait, I'm not going to make any money. It's starting to rally. Then it starts feeding on itself. Technical reasons, but if you want me to try to come up with something with that inflation number, is that the peak? Well, right. Is that the folks who are saying is that the peak? 50. But 50 next time. If you're still saying that. Oh, so if you're Jay Powell though, I don't think 15. Of course. Okay, you do 75 and stop. I think he thinks he's doing a 150 for this. No, no, no, no, no. No. And you know what else? But that's what the market says. It's going to do. You know what else I thought? You could attribute this to, okay, we're going to raise rates. And we need to normalize rates. But this darn economy is pretty solid. And in the end, I'm not going to say at the end of the day, because I hate that. But in the end, we want a resilient economy. So I know that near term it's like, oh my God, the fed's got to go even further. But isn't it nice that we do have this really strong economy to start with that's going to probably survive whatever the fed does, and hopefully we come roaring back with lower inflation. Hopefully that's what happens. So the question though is, if that's true, and that's like the optimistic case, when's the churn. Was it yesterday? I don't know. If you believe at all that the market discounts stuff, we have had people saying, look, when this does, when there's the slightest indication, that inflation might be moderating. I don't know. At this point. No, at this point, it's still going to be characterized as one of those sharp snapbacks in an ongoing bear. We know that that's what it is. At best, and I'm not being pessimistic, but we don't know that. Right there, you're going out and saying something very definitive. And you may or may not be right. I don't want a 40 on a vix. I'm hoping that this Chinese water torture that we've seen in total when you add it all up was really a hopeless capitulation where people finally threw in the towel. But maybe not. It depends. The more I read, now I'm worried that that rail strike. Everybody's going to want to raise now. And I'm worried that might start now maybe it really is built in to a wage price spiral. And that gets scary with inflation. And that's why I don't understand yesterday. But we will see. We will see. Let's talk about the Bank of England, however, as well, because it's emergency bond buying program scheduled to end today. UK finance minister cutting a short visit to the IMF yesterday flying back to the UK as the government there convened to address the economic crisis multiple reports say that a U turn on the mini budget could be announced later today, including reverse on the proposed freeze on corporate taxes that moved the market a little bit yesterday. That headline, just before 6 a.m. was what appeared to prompt a hundred points swing higher in U.S. equity futures. Take a look though at the pound. I don't know. You want to take a trip to England? I love it. I do love it. Seems reasonable. It does. We got our place. We got our little routine over there at the grosvenor house. Dollar 12. The other thing, if you put any stock in what Jeremy Siegel says, or even Jim Paulson, or those guys. So let's say it's a bear market rally. What is the potential downside? Jamie Dimon said another 20%. Now the 20%. Is that a worst case scenario? That's probably. I'm going with the worst case scenario. So worst case scenario, 10% to go. If it's another ten, it's still going to be painful. It is, but if that ten is only 50 50, because everything's probabilities, and you think eventually things are going to go, you really think you're going to buy down ten. And if you buy now, is it going to be that bad if you buy Google, which is down 60, whatever. Whatever, pick your stock. And say, if you buy that right now, are you sure you're going to be that unhappy, two years from now? And are you sure you would have been able to really scalp it with that additional 10%? Will you tell me? I think that Siegel's right. Hold on. So you think two years from now, the advertising market, for example, which is basically a symbol of sort of what's happening in the economy. Right. Is going to be hotter than it is today. Yes, I hope so. 'cause right now it's actually still pretty. I like higher highs and higher in higher lows for all of us for our lives for our kids. I'm praying for the stock market except for inflation. I don't want higher highs and higher lows for inflation. I mean, the 70s was scary. It really was because it wasn't like 12, 18 months. It was a period of years. But that's the question. I know. But I don't know.

Joe kernan Becky Andrew Ross Sorkin Amanda Rosso Emmy fed Joe Jay Powell Lloyd blankfein CNBC Times Square Mack dementia Goldman Sachs flu UK Liz Jeremy Siegel
"john mack" Discussed on Squawk Pod

Squawk Pod

07:59 min | 2 months ago

"john mack" Discussed on Squawk Pod

"Going to go into a recession. Republican plank for the November election in four weeks. Not one thing you just said. Well, I'm a Republican. But not one thing you just said has ice cube's chance of happening in the current administration. This is why we need a government. We started by saying, I don't say exact opposite because the opposite is enough. But it is the opposite of the past we're pursuing. We are pursuing an inflationary path right now. And so you can say all you want about the economy. But if you're hitting it with a bunch of demand stimulus, a bunch of extra inflationary spending that even Jason Furman and Larry summers says slow down, this is too much. And then you're threatening the economy, the producers of the economy, the job creators of the economy. With higher taxes. That makes them uncompetitive. What are they going to do? They're going to crouch into a fetal position. I think that this is the central problem and challenge of the economy versus sort of an adjacent or marginal issue in it. And the reason I ask is we were talking earlier about how we look relative to the rest of the world, the steps that we took during the pandemic and afterwards. And a number of the economic policies we put in place, how much do you think it was those fiscal policies versus the monetary policy of how we've approached this that's led to where we are in our own challenges. And the natural experiment, which I think we're seeing play out around the world. Yeah, growth occurs on the margin. So I think this does have an effect going forward for sure. But yeah, first of all, we levitated the economy with our monetary policy. The Federal Reserve did a good job. They needed to do what they did. They needed to get, they needed to basically substitute during the pandemic. They needed the first cares act. That was important. People couldn't work. So you had to supply some stimulus at the time. But they then went too far. And the Biden administration, when they came in, they had reconciliation, they said, let's get our own spending bill through. Take credit for the recovery that's going to happen. And they stoked inflation. I will say a lot of that started under president Trump just with the additional money. I don't think either of them. But I think this last pullback on spending at that point or stop at the fed was doing. I think the first cares act was absolutely essential and necessary. The fed with all the credit facilities they set up, they had to do that. So I think they all deserve credit for that. But I think they did round two round three, and then they went too far. And by the time the Biden guys came into the administration, you knew we were coming out of COVID, people were going back to work, yet they piled on more stimulus on top of it. When their own economists were warning them against that. President Trump had promised some of those things. I feel like both parties are trying. Yeah, well, Trump said, yeah, I'm not going to defend Trump. Economics, but he brought J Powell to state zero. So one thing he was a populist on economics. But to your point, we did a better job than other people getting out of the pandemic. We were relatively better off than everybody else. We don't have a war on our borders, giving us an energy induced recession. So we're in better shape than everybody else. We're the healthiest looking horse. Factory today. For 20 years, 30 years, our GDP consistently is higher than the Eurozone because we aren't Europe. That's right. We're faster growing. More quickly. And we should expect to lead the globe. But it's because we have innovation. We have small businesses. We have risk tests. Not because of this. The last two years policies that we're we should always do better. Did you see the tax receipts in 2000? Yes. I mean, it's unbelievable. But corporate receipts up 14%. Record tax receipts. You come out of things and I have not seen an inflation adjusted version though of what those receipts would look like. Of the tax receipts. That was before inflation started taking off. So the point being, if we're going to hit the economy by taking away expensing, cranking up, taking away the 20% deduction. When we did tax reform, we lowered the C corporate to 21%. And then all those sub chapter S corporations, sole proprietorships, LLCs, most businesses, we didn't want them to have much higher tax rates than their C corp competitors, so we did a commensurate drop in their rates with this 20% deduction. That goes away in two years. In two years. In two years. And so the best thing we could do is tell all of those businesses it won't go away. We're going to make it permanent. Know that you're not going to have a massive tax increase around the corner. So take those risks, take those bets, buy that equipment, hire that person, make that expansion. And we'll give you expensing as well, which you currently have. By promising that that's going to go away, you are putting a chilling effect on the thing that made us better than Europe, which is an entrepreneurial sector, small businesses, risk-taking, all those things. But let me just ask. I mean, we are in this trouble because we have overspent. We have printed a 100%. We have done this. We know that there's pain to come. Shouldn't that pain be shared, not just among consumers, but also businesses. Shouldn't we all be sharing part of this burden that we want higher productivity, more growth, more jobs, more economic, you know that is a tough message. There's demand side and there's supply side. And what you're talking about is demand side. And which is what the fed is trying to do right now is tamp down demand. Exactly what they are trying to do. And if we don't bring up supply, they're going to do more. And that means they're going to have higher interest rates. They're going to feel like they have the only hammer in town. They're going to be pounding the nail over session of inflation when the supply side could do more to help prevent that from having to be. You are an asset. Can you be a CNBC contributor? I mean, you've got credibility. You were a former speaker, or are you, you're taking, aren't you? Are you something that? I'm not taking it. But are you something that fox can you be? No, I have a no, but I decided not to do TV for a couple of years. Because I just wanted to take time off. Well, here you are. I had three kids in high school. I wanted to enjoy it. You're like a gig worker. I don't know if you saw Biden's new policy. You could probably come under that. So I don't know, with all your different gigs. I don't think we can hire you if you got to resign from that board. Let's talk to Notre-Dame, you know, see if they let me. How's everything it noted? I love it. I love teaching. How about that? I'm talking about the team. We just think it. But a couple of those games have been closer than they should be. I think our quarterback pine, it was the second string who's now starting really found his foot. We're going to run out of town, but while he's here, do you have a view about that Biden proposal on the gig economy? No, I don't. I like to read things before I make comments. You're against it. Paul, we've loved having you here. Come back again soon. Let's talk to you. Call me. And that squawk pod for today on our rundown tomorrow, the CEO once called Mack the knife. John Mack was the leader at Morgan Stanley during the 2008 financial crisis. And now in a special interview with Andrew Ross Sorkin, he's looking back on his life on Wall Street, including the ten minutes, he says, was the most important of his career. Geithner. I'm on the phone with the Japanese. He can get. So that was what did she tell him? I hope she told him that. I don't think she did. Squawk box is hosted by Joe kernan, Becky quick and Andrew Ross Sorkin. On TV, tune in weekday mornings on CNBC at 6 eastern. To get the best of squawk box right into your ears, the smartest analysis, interviews you can't miss, follow squawk pod wherever you get your podcasts. And rate us or leave a review if you listen on Apple podcasts. Okay, that's it. Thank you for listening. We'll meet you back here. Tomorrow. We are clear thanks, guys. CNBC wants you to get the Warren Buffett guide to investing for free. Decades of learning from the oracle of Omaha distilled into an easily applicable guide. Get it now at CNBC dot com slash Buffett guide that CNBC dot com slash Buffett guide.

Federal Reserve Jason Furman Biden administration president Trump President Trump J Powell Larry summers Biden Europe Trump CNBC Andrew Ross Sorkin fox John Mack Joe kernan
"john mack" Discussed on Marketplace with Kai Ryssdal

Marketplace with Kai Ryssdal

05:42 min | 1 year ago

"john mack" Discussed on Marketplace with Kai Ryssdal

"With the caveat that please, you've got to consult your own financial adviser, a not terrible rule to follow when thinking about what to do with your investments is to do the least you possibly can, pick your investments and let them grow over time. It's that pick your investments thing, though, that can get tricky. And that gets us to ramen wigglesworth's new book. It's called trillions. It's about the birth of the index fund and the changes those funds brought to finance, especially the then radical idea of passive investing. People thought it was absolutely insane. I mean, the guy that founded fidelity famously said, who wants to be operated on by the mediocre surgeon, right? Everybody wants to be the best. So the idea of starting a fund that just strives to a mediocrity, this sounded preposterous. And they were either laughed at or figuratively spatter Pong. What was the, what was the disruption? What was the innovation in an index fund? Well, fundamentally, they realized that a lot of human investors active manager says they are often called do a really cruddy job. On average, they actually do worse than the market after the costs of their salaries and all the research they do. And people didn't really kind of understand this until the 60s when you suddenly had computers that could actually crunch the numbers. And that was where the index fund sprung out of. We looked back now and of course we know all this stuff. Did it take a while for the idea of index funds to catch on? Yeah. I mean, this was something that was actually started by big pension funds because they had all the numbers and they could kind of see something was amiss. But for ordering investors, it took people like Jack bogle to really bring what was an open secret in the big investor world into the ordinary investor world. Yeah, boggles the name we all know. I wonder if there's is there someone you can point to and say, this is the father of the next one because of course they were all men. Yes, no, they were all fathers at the time. Yes, there is one guy above all. John Mack mccown, he was a former farmhand from Illinois insanely stubborn and headstrong, ended up a Wall Street, but he was one of the first people that learned how to code. So he ended up giving a speech to the chairman of Wells Fargo at the time and ran some cook, he hired Mac and Mac was the guy that managed to push through eventually the first ever index fund in 1971. If Mac mccown came back today and looked around Wall Street, would he recognize index funds because they've changed? Cornucopia is not an overstatement of the kinds of funds you can invest in in the genre. It's a good point actually. I mean, market has evolved dramatically. I should have stressed that Mac mccrone is still actually with us. A lot of the other early partners of sadly passed away. So I think essentially he just loves innovation, like some of these people for them innovation became they raised on that. Other people, including Jack bogle, certainly were worried about where we were heading as a shuffled off the mortal coil. Well, so since you bring it up, let me talk about financial innovation for a second because as you know, 1213 years ago, the entire global economy almost came a crapper because of innovation on Wall Street. Synthetic CDOs and collateralized debt obligations. Innovation and finance is not always turn out as well as index funds do. No, exactly. And that's a great point. I mean, I make it all the time that, you know, the financial crisis showed that even if finance doesn't care, you don't care about finance, violence does and care about you it affects you profoundly. And index funds is one of those rare examples of an actually beneficial financial innovation. Those saved millions of Americans, hundreds of billions of dollars and trillions indirectly. But because all positive innovation also has negative side effects, we can kind of start seeing the contours of downsides to this revolution than the early 60s and 70s. Well, give a little bit. I mean, what are the not greats about this? Well, one of the things is just that people can shovel any old crap into an index fund and say, oh, So humans were great at taking great ideas and overdoing them. And more broadly speaking, leading to this massive concentration of economic and financial power in just a few hands. And that's the one thing I do think biz monitoring. None of none of my business, but are you an index fund guy in your own life or do you actively trade your stocks? No, I definitely don't trade. I talk to some of the smartest people in the world and they get humbled by the markets all the time. So I think the vast majority of people should stick to boring index funds in you'll actually do way better than your neighbors and day trading payers in the long run. And you read this book, and you know it all came from. Robin wigglesworth. He's a journalist at the Financial Times. Also, he's got a new book out. It's called trillions, how a band of Wall Street renegades invented the index fund and changed finance forever..

Jack bogle ramen wigglesworth fidelity famously John Mack mccown Mac mccown Mac mccrone Mac Wells Fargo Illinois Robin wigglesworth Financial Times
"john mack" Discussed on Bear Grease

Bear Grease

04:17 min | 1 year ago

"john mack" Discussed on Bear Grease

"Do it because it's right and it takes out the hard work of growth doesn't provide an opportunity for people to change into say no incentive. I did wrong. so sorry. and that's such a powerful humility. such a powerful place in a powerful opportunity to have the other side is that these people are dead. They don't have the opportunity to say well with this new information. I realized that when you've got one book and one chapter written about egypt and we're making gross assumptions about someone's life without their ability to explain. It's it's a little too easy even after hearing claes own testimony about the heart behind his rooster treatment. I'm still canceling people change change. Hey i don't do that in the more yet much well. Hey this has been really good guys. I had somebody right in and say i can't make up my mind if i love it or hate it every time you call him dan during pot last seen danny boy legitimate controversy once again polarize shot number. One gal you ain't talked about pickles gap pickles gap north conway. They got salt water taffy and chickens. Hey the only negative thing about the re. Wilding the cumberland gap is apparently. There was a real famous cool old. Like pit stop gas station up there somewhere. Right around the cumberland gap that was somebody will tell me what it is. But it was like you know scooters or spanky or something like a hillbilly hang out. It was not spanky. We grew up with a true story. Well hey good render guys. Yeah episode three. And we're done we're done. We're out with their third half grieved. Though i go i really am i as i wrote this last one. I just. it's like. I wanted to stay wanted to stay here but But we gotta move on other topics and you know what the thing is is that you can't listen to three hour and ten minute long podcasts. In thank you really have the scoop on db fourth nickname. Tv there's there's so much there's so much and so. I hope that it catalyze people get mr morgan's book and there's tons of other. Good all the boone biographies. you know. There's this new one. I'll mention this new one. There's one out right now by tom. Klavan blood and treasure of The john mack faira ghur one is probably right behind Boone says known as a really good one. This one's brand new. This one came out just this year but Anyway i would highly suggest though The math father daniel boone. The lyman draper paper. Papers man that. now that is israel. When you start reading nathan boone. Talking about his i thank you so much. Keep the wild places wild. That's where daniel boone kill. Bears travelling music when dealing with online purchases and selling a firearm. You want to register with the world's largest and most reputable company gun broker dot com for over twenty years on broker dot com has been. Were over six and a half million online users have privately bought and sold firearms accessories and amunition over one million listings daily gun. Broker dot com has. The top ran know and smooth transactions fly with confidence at the world's largest firearms marketplace register now at gun broker dot com for private trustworthy transactions..

cumberland claes north conway Wilding Klavan egypt john mack faira danny daniel boone mr morgan dan lyman draper nathan boone Boone tom israel
"john mack" Discussed on Capital Allocators

Capital Allocators

02:49 min | 1 year ago

"john mack" Discussed on Capital Allocators

"Would say is probably one of the best decisions i've ever made you know there's that movie with gwyneth paltrow i think it's called sliding doors. She runs to get the subway one part of the movie as she makes it and chan zap meeting her future husband the other one she misses it stays with her current boyfriend both workout fine. Both what have worked out fine but be doj was a special firm and i made some unique partnerships there. What led to you ultimately leaving and co founding. gsa. I started at the chan. Ninety two i left in two thousand five now in two thousand. The was bought by credit suisse. In two thousand five there was a change at credit. Suisse john mack. Who had been the ceo was pushed out. And a guy named ozzy grouble who was his co. head took over and then they anointed a guy named brady dugan who we were friends way to run the us but we thought that was a good time to pass the reigns and we had been really intrigued with the asset management business and so with my two partners who we had been running the business. Actually benny goodman ran the business. We worked for him. But the three of us said. Benny goodman trip smith myself. Let's go start this firm called jia so we're going to do something that nobody really had ever done. And that was mary. Both public market expertise with origination and direct lending wasn't really a thing back then and we thought we had originated tens of billions of product of our career. And we thought we could continue to do that. And not be so reliant on wall street so we laughed and as you can imagine leaving really nice high paying job. It was nerve wracking remember. We laughed in. Oh five zero five six. Oh seven were some of the best years ever for wall street so people were calling us constantly saying you guys made the biggest mistake of your lives. Why would you leave killing it. But we had a great partnership and we built a really good business there over the course of the beard time both at cs doj and then jia so what are the key components that allowed you to be successful both on the sell side and leverage finance and then lending the company strictly the one thing i learned at a very early part of my career is how important is to have great partners. If you can find people who you think are better than you and a lot of parts of business but together you know if we had three of us if we can take one plus.

chan zap ozzy grouble brady dugan benny goodman gwyneth paltrow doj john mack credit suisse gsa Suisse jia smith mary us
"john mack" Discussed on WFAN Sports Radio_FM

WFAN Sports Radio_FM

03:48 min | 1 year ago

"john mack" Discussed on WFAN Sports Radio_FM

"John Mack coming away live from the rocket mortgage studios when you want the ability to adjust your loan options in real time rocket can all right, Doug. Half an hour left to play calls the rest of the way. I want to get down my lines. Yes, The telephone number is 855 to 1 to 4 to 27, CBS Sports Radio update time. Let's bring Erica Herskovitz and Erica, Are you watching center court from Wimbledon? I got it out of my thing. I'm watching my TV here, but I'm not even taking note of it. Shame on me. Uh, Who are you watching? Because Ash Barty is playing and Djokovic? Oh, yeah. Men's or women's I'm a Joker guy always have been always will be, And I know he just had a chance to break in the second, said he took the per set but didn't get a break. Garin fought off a. I believe a break point. Um, but I've been a Joker guy forever. If he wins this, it will further cement to stance that I've had. I still think he's the best men's tennis player. All the time. Well, I'm not gonna debate you on that smart girl. That's why we are America. No, no, You're not going to suck me into that. Okay. Good. Alright, Erica. Well after that traditional Sunday off Jodi Wimbledon is back underway this morning, so we'll start with that a handful of fourth round matches. Already in the books. 21st, seeded on. Jabor rallied from a set down, She knocked off seven seeded Eagles Vitek 576161 Arena. So Bellanca defeated Elena Re Burkina in three sets and Matteo Barrentine advance And as you were saying, Novak Djokovic's playing Kristin that Doreen right now, and he is upset and greens leading 32 in the second set. So we'll see how that one goes, but I have a feeling it will go the Joker's way. The rest of the All Star team was announced yesterday and Shohei Otani made history, becoming the first player selected as both the player position player and a pitcher. Otani cracked his 31st homer of the year yesterday in the Angels 65 win over the Orioles. Sunday night Baseball in the Bronx, the Yankees salvage the finale of their weekend series against the Mets. The Mets took Saturday's opener, but the two teams split their doubleheader at the stadium yesterday. The Yankees won the nightcap for two and the Mets took game 1 10 5. Elsewhere, Manny Machado homered twice drove in a season high five runs as the Padres beat the Phillies. 11 1 Knick. Bavetta fired seven scoreless in the Red Sox plane, the A's one zip. Yuli Gurriel scored on a fielding error in the 10th in the Astros move past the Indians. 43 Milwaukee had its 11 game winning streak snapped in Pittsburgh, Tyler Anderson struck out 6/7 scoreless to help the Pirates shut out the Brewers to nothing. The Stanley Cup finals could end tonight the Lightning or just to win away from hoisting the cup and completing the sweep they face off against the Canadians in Game four in Montreal. The Tampa Bay Lightning lead the series three games to none faced off his eight p.m. Eastern a night off for the NBA before the NBA final tips off tomorrow with the Sun's hosting the box in Game one in Phoenix. From golf Camp, Davis defeated Troy Merritt and Joaquin Niemann in a five hole playoff to win the Rocket Mortgage Classic in Detroit for his first PGA Tour victory and Joey Jaws, Chestnut broke his own world record eating 76 hot dogs in 10 minutes to win his 14th mustard belt. At the Nathan's famous hot dog eating contest in Coney Island yesterday. That's what's happening. Thank you, Eric. Appreciate it greatly. Alright. Joining back for D A. We still got 20 some odd minutes left and we've got open phones. I want you on my lines 855 to 1 to 4 to 27 B at baseball. NBA Finals NHL Fine. You are doing the middle with Milton. Comment. I'll take those two. If not tweet. The show at Jodi McMahon J O D Y M A C M A N down the home stretch. Jodie Mack for D A here on CBS portrayed EO Imagine a deck a bunch of straight parallel boards. Sure, they're evenly spaced, but so were prison bars..

Matteo Barrentine Joaquin Niemann Elena Re Burkina Yuli Gurriel John Mack Manny Machado Tyler Anderson Erica Erica Herskovitz Jodie Mack Troy Merritt Eric Otani Shohei Otani Coney Island Novak Djokovic Joey Jaws Jodi McMahon Phoenix Yankees
"john mack" Discussed on Truth Be Told

Truth Be Told

05:23 min | 1 year ago

"john mack" Discussed on Truth Be Told

"I'm sure adversaries off the trail. You know maybe the russians and the chinese working on stop so we're gonna feed them a fake documents So who knows what. We just have a few minutes left. I mean this. The book the believer please purchase. This book You can get it on amazon. You can go to wrap blumenthal dot com but Is there enough case studies or other research of john max to make another book or is everything in this one. Well i'd like to say everything. In this book. I his his archive is huge and luminous and it is not public yet The family has not john mack institute. Let's say is legacy and the family has not put these documents out yet so the public research When when they put out I'm sure there's stuff there. I know this stuff that i haven't dealt with That would be very interesting to scholars. So i would welcome. I'm not proprietary. I don't want to say no. I'm the final word. Nobody else can ride around right. I welcome further research So there is more material here And i i like to think. I skim the most important parts. And you know the main part of it. But he's a fascinating character Not in my book or anywhere else public certainly on the the actual interviews. He did with many of his experiences. When i came out later publicly that's public When they were on tv showing within public when he interviewed people in in therapy sessions counseling sessions. Those obviously confidential and some of those people have never come out under their real names so they would not be happy. No that this material is is out there. Even under a pseudonym it's not out there so that material will will probably always be confidential. Probably should be our last question very important question here going in as a journalist. You know i've i've known a lot of my friends that were journalists. They go into like a story as journalist kind of mid ground believe or not believer but after researching and studying his cases. Were you a believer before and if not. Are you a believer now. Well i i like to say i really. I actually put this on the new york times that i don't like the term. Believe i use it in the book because i say john was a believer in earthly justice. Right being -rageous and pursuing. You know the questions but it's often used jarred really like you're gullible. You're just a believer and First of all you have ots not a question of belief they we now know they exist ray off physical been tracked by the navy and radar imaging devices and pilots have seen them. So you know you could ask well. Do you believe in the moon and sun. You believe in the ocean right so you know. Yeah i believe in. Ufo's because it's not a question belief so that's why they now again alien. Abduction is such a complicated question Accounts of by people who otherwise eminently sane Have no easy explanation. The obvious things are off the table. They're not crazy. And you know hallucinating. Not making it up and not seeking publicity For all the reasons i said before The obvious nations don't don't compute so what's left we don't know it's it's a mystery Hopefully science can come to the rescue. We investigate everything else. We you know we send radio signals up to you. Know it's the cosmo look for a response. We look for the doc matter and dark energy. The universe ninety five percent of which is an mystery. We look for hidden particles that make up the cosmos. We look for all kinds of things. Spend billions of dollars. And this is what i and my book with story of how we spend all this money scientifically to try to get answers or we're not spending the same money to try to figure out what's going on with these people. Isn't that true what we need to do. Yeah so i don't. I don't know what the answers but what we need to keep looking for. Well roth thank you so much. This has been great. And i've really enjoyed having you on the show. And i can't wait to next week For your workshop and lecture please come back and we left i. I'd love to touch on because you've written so many. And congratulations on a great career. Thank you tony real pleasure to be with you. Got me and Everybody thank you for joining us in every friday and supporting us sharing our show commenting We appreciate it. Youtube subscribe iheart apple. That subscribe leave some positive comments. Those are always the best and Until next time. I'm tony suite. With truth be told. Don't go anywhere. Because i have another interview right.

amazon new york roth ninety five percent Youtube john mack institute next week john max john billions of dollars jarred tony russians blumenthal dot com chinese First apple
"john mack" Discussed on Truth Be Told

Truth Be Told

07:02 min | 1 year ago

"john mack" Discussed on Truth Be Told

"When you start to ask the question unfolds. The fabric of space itself. How it's made. What is it made of not alone in this universe. We never have been alien. Intelligences have cohabited with us on this planet millions of years. We inherited live session from the under. Not anyone that's still things that we're the ones that are obsessed with gold does not know enough about the truth tree of species how we came to be and the conditions that brought us here. We are not unique in this universe except two issues to which we offer to say the copies of them. A all right. we're back. I'm tony suite with Routh blumenthal and next week is going to be contacting the desert. Yes it is online. It's virtual this year but you should get your tickets today because they're going to go out fast and we hope you'll enjoy next week's speakers i mean there's tons of them have Let me just see if. I think i have a picture. There's just a few. Not only ralph but george noory nick. Pope linda mon how the list goes on. And on and on and ralph. You're gonna be there. You're going to be debt getting more in-depth on what we're talking about today and I mean how are you going to do some presentations pictures. I mean what's what's going to. What are you gonna show. I'm basically going to be talking about john. Mack gave you sort of flavor of it right a lot of the people. They will know who. John mack right. You know what hopefully i'll tell stories. People haven't heard before and talk about his life and how he really pointed the way Very courageously for a harvard psychiatrist in take on a subject like this and then that'll be called in the footsteps of john mac and then i'll be doing a workshop a cold I forgot what the election might be called impossible yet. True Have a quote. Abduction of john mack. Because he was never abducted but he was abducted by the The topic brag point. I wanna make in. The workshop is in the footsteps of john mack. Okay that's the word traffic possibly true anyway. the idea in the workshop would be to talk about it as an author approaching the subject. And how do you get your arms around the thing like this especially for new york times reporter Spent his whole career investigating very You know earthbound subjects sunday. I'm off on ufo's and alien abduction but it's the same process. You collect the facts. He stay out of the way. Let the facts speak for themselves and until the story so i'm really looking forward to this conference. Even though it is unfortunate virtual it will be alive q. and a. Well that's great ask questions. I can respond. I love it. And i love the let the we were talking that you know i. I'm a person. I like the feed off the crowd. I like the like the live aspect. I loved the see face to face to face with people. And i'm sure you do too Especially the enthusiasm of people that earn the same. Same right in mind as you you know. Ufo's and aliens and all that good stuff so so. Get your tickets The the lectures included in the in the past but the workshop is additional. But it's going to be well worth it Like you said there's going to be stories that he's gonna tell that you won't get a here here In other i'm sure other interviews that he's been on but Well i'm curious. You had access to through his family his his case files and stuff but did you ever get a chance to speak with some of his patients. I did actually quite a few of them. great and And some people didn't actually see john by the way he couldn't not nobody could decide whether these were patients are subjects not because A patient really has something would have right right and johnson did nothing wrong with these people accept that they had this traumatic experience. So it's not like there was suffering. You know some ailments So they're not really patients and and he was also researching a cases so in a way they were research subjects But there were a little a both What one good. Example is A woman who's known to us now as lyndon napolitano Who was the subject of a whole book by budd hopkins called witnessed because as she was seen by some witnesses Levitating own being flown out of her eleven fine over the brooklyn bridge by three beings into a spacecraft that flew off and plunged into the east river And this happened. I believe in nineteen eighty nine. According to a story. That but hopkins toll. So i had the chance to interview her about her experience She's a very otherwise normal for with a great story and Able to tell it herself very lucidly And it. It's a famous case. Probably one of the most famous cases in the annals of alien counters The one thing of problem with the case was that but hopkins never could identify the two witnesses who came forward in the first Security guards apparently for vip who was later identified as secretary general of the united nations of ours who supposedly witnessed this as well. He died just last year at one hundred And never really talked about it right although he was offered the chance but anyway i've talked to linda at great length And randy nicholson. Who is one of You know john's i Experiencers and a whole bunch of others car in austin who Joined up with john later in his life and helped him run his household and became very outspoken. She reached out to laurance. Rockefeller know a benefactor of.

randy nicholson john mac johnson austin ralph next week John mack today last year lyndon napolitano linda john george noory nick two witnesses this year two issues john mack Routh blumenthal three beings one hundred
"john mack" Discussed on Skeptiko - Science at the Tipping Point

Skeptiko - Science at the Tipping Point

02:47 min | 1 year ago

"john mack" Discussed on Skeptiko - Science at the Tipping Point

"Peer reviewed article. Several times was rebuffed. Let me set this up a little bit. Introduce correct me. If i'm wrong john. Mack writes a book abduction human encounters with aliens. As you mentioned he's already been on the circuit at harvard in terms of making presentations doing this stuff. But now he really goes public. Oprah winfrey larry king. He's out there in this way that you're talking about as open like hey. This is what happens. Aliens are abducting people and having sex with them in order to hybrid humans. That that's the newsflash hair from harvard. Harvard doesn't like that so he doesn't like that now. I make the point in the book. Alex that harvard is no stranger to anomalous research. I mean william. James was talking about seances at harvard hundred years ago. And they were okay with that. They don't disowned. William james but there was something about john mack that rubbed the wrong way. And i think it was as you mentioned is appearance on oprah He was all over the media and he was kind of open. Guy about it and Maybe that that disturbed them apart from the subject of alien abduction being so she aided with harvard and harvard professor so anyway they convened the secret inquiry which I call and they call at one point and they mentioned as an inquisition. now they said they. this is not an inquisition. But he's a harvard. Psychiatrist says well if it's not an inquisition. Why do they use that word to describe what it isn't so it's about the money this is not about the money right so it was an inquisition. It inquired into his finances and quiet into his mental processes. That he believe in. Ufo's all of these things that really should not be part of an inquiry of a professor Join academic freedom at a at a major university. So they called in his experiencers. They called in his colleagues a lot of people they called and colleagues who were not particularly friendly to him because he took some of their patients and treated them. When the when you know fellow psychiatrists wouldn't deal with the teas so there was some people who had an ax to grind and The committee spoke to them and the committee was also a very weighted towards scientific. Materialists if you can't touch it in a measure it tasted in ain't it ain't it doesn't exist and john. Mack was trying to tell them that. There are things that we don't understand in the universe and even physics is beginning to grapple with these now. spoke action at a distance. And all the things that are supposedly impossible so he was trying to explain to them. That things we don't understand but it doesn't mean that they're not real and they said well. What's your proof any said..

James William james john john mack Harvard william hundred years ago Alex Oprah winfrey harvard one point Mack larry king
"john mack" Discussed on Skeptiko - Science at the Tipping Point

Skeptiko - Science at the Tipping Point

04:52 min | 1 year ago

"john mack" Discussed on Skeptiko - Science at the Tipping Point

"Day on cape cod in one thousand nine hundred sixty four he and the other people in the cost spotted a ufo over the ocean and they thought that was cool and they followed it for a while and they got to the party and they told people hey we saw ufo and they all said. Oh we've seen ufo's oh sure we saw you know so he said wow what does this phenomenon. So he starts to study it but hopkins and he teaches himself hypnosis. He said. I'm an artist and nobody cares. What an artist does he. He couldn't suffer any loss of reputation. But hopkins research these people and wrote a book long before john mccain got involved called missing time where he identified the phenomenon people who remember spying a ufo and then sort of losing track and then later in hypnotic regression or even conscious memories recapture memories of having been taken aboard a craft and subjected pseudo-medical experiments. And and meeting you know short grey being so called the grays And all that. So so but hawkins was already well into this When john mack meets him. And as i said john was very skeptical in the beginning but then he gathered his own group around him and was absolutely enthralled and be wilder and captivated by the stories he could not believe. This is happening in any kind of recognizable. Reality interject something here. Ralph because as the story is told over and over again this kind of a couple of different ways to interpret it. I think anyone who encountered such a kind of an incredible paradigm shifting experience would be evangelical so i think sometimes when we talk about but hopkins amigo. Wow but hopkins just jumped on this thing heavily us. He jumped on his thing he he was living in one. Reality the reality that we all live in and then suddenly that reality is turned upside down and then suddenly he starts talking to these people who were all confirming it over and over again and then when we talk about the evangelism of john mack as you said a guy who's supremely accomplished supremely confident and he is basically confirming top to bottom everything that but hopkins is finding and you want to say but hopkins self taught in hypnosis. John max sure should ain't self taught and he's not getting the same thing and he's not even putting these people times under deep hypnosis..

john mccain John max john Ralph one thousand hopkins john mack nine hundred sixty four cod
"john mack" Discussed on Skeptiko - Science at the Tipping Point

Skeptiko - Science at the Tipping Point

03:01 min | 1 year ago

"john mack" Discussed on Skeptiko - Science at the Tipping Point

"Getting you put this shit on the accelerator. But when i go you go nick. That's from the movie. The signal. Where nick and haley along with another. Mit student whose name i can't remember are on a cross country trip to kind of work on some issues with haley relationship with. They don't realize hacking they did at. Mit is following them. Because actually it was part of an alien abduction government sponsored program really alternative reality simulation kind of thing. Have i lost you. I hope not because wacky is that might sound in the cy. Five movie reality. We seem to be in. It might be a lot closer to the non reality reality r- actually end and at the end of the day. That's really what this amazing book by. Today's guest ralph blumenthal whose authored. I think the ultimate biography on john mack. Well i think that's what it's all about. Here's a clip from the interview. What john mack has done along with. A bunch of other people has shifted the burden of proof. These experiences that people are having are not the way that we'd normally talk about them real because my read of it is they are real. We just don't know what real is anymore. What are your thoughts you could not. I could not have said it better now. John often said if anyone has a better explanation. I'm willing to hear it so it's not mental illness. It's not a mass delusion because these people don't get together publicity seeking because they shy away from publicity. They don't want to be known they're questioning. They wish it wasn't true. It's not books. They read a move zinc kids two years old till the same stories so he's eliminated all these other things that it's not so then he says okay so as far as i know nothing has happened to these people other than what they said. Welcome to skeptical where we explore. Controversial science and spirituality with leading researchers thinkers and their critics host. Alex occurs and today we welcome ralph. Blumenthal skeptic oh ralph is the author of the believer alien counters. Hard science and the passion of john mack. It's i really love the title. By the way ralph i. It captures so much anyone who's read the book you know. There's some kind of you've done a lot with just a few words there even with the and the passion of john mack. That was great. So thank you thank you. A lot of work went into that title. Titles are important. I know they are and you just gotta admire someone who's done it and i also just admire this book so much but let me till folks for a minute you know..

Alex John john mack ralph blumenthal ralph today haley two years old Today nick Blumenthal Five movie
Breaking the Chain: The Story of Fleetwood Mac

Miss Information: A Trivia Podcast

02:24 min | 1 year ago

Breaking the Chain: The Story of Fleetwood Mac

"Mac are a british american. Rock band formed in london in nineteen sixty seven. The band's original members were guitarist. Peter green drummer mick. Fleetwood guitarist jeremy spencer and bassist. John mcphee would surname was merged with the nickname of john. Mack mcvay to form the name of the band who were initially a blues band managed by clifford davis so danny kerman join as a third guitarist in nineteen sixty eight in keyboardist christine perfect. Who contributed as a session. Musician from the second album married. John mcvie and joined the band in nineteen seventy and then from there on out. She was christine. Mcvie all three guitarists of the man left in succession during the early nineteen seventy s to be replaced by guitarist. Bob welsh and bob weston. Along with vocalist dave walker. So the three guys that left. Peter green had a pretty massive addiction to lsd and he was later diagnosed schizophrenic. Yeah a little bit of a spiral. After that jeremy spencer abruptly quit to join the religious cult called the children of god. I know about the children of god. Yes yes yes like. They had traveled to america. They were unto were then he was like i'm going to. I'm going to stay here. I'm gonna call in this call up and let's see and then during dany kirwin actually got fired and now considered to be a minor incident. I'm he trashed his dressing room and refused to go onstage for a show and they fired him man so the ban. You know the the lineup has been a little bit in turmoil. In nineteen seventy-three either remaining members of fleetwood. Mac told their manager cliff davis that they needed a break from touring and instead of making that happen. Davis decided to hire a fake version of the band under the same name. Play the tour dates that the real band didn't make that's and the whole incident resulted in a lawsuit over who owned the band's name so davis booked. Us dates for the all new fleetwood mac from mid january to late february nineteen seventy four so when the fake fleetwood mac walked into their first show. Venue outside of pittsburgh actually in a place called the syria mosque. The venue promoter refused to put them onstage. 'cause he was like those are not fleetwood mac no but they play anyway And only about a dozen people ask for refunds and so they kept going and then apparently it like the next big venue. They played in new york city. People were like this is in fleetwood mac and they like they kind of they caught.

Jeremy Spencer Peter Green Mack Mcvay Clifford Davis Danny Kerman Christine Perfect John Mcvie Mcvie Bob Welsh Bob Weston John Mcphee Dany Kirwin Fleetwood Dave Walker Mick MAC Cliff Davis Christine London John
Body of missing Ohio woman found in trunk of her car, investigators say

Glenn Beck

00:33 sec | 1 year ago

Body of missing Ohio woman found in trunk of her car, investigators say

"Reported missing from Richland County was found in the trunk of a car on Columbus is Westside. Richland County Sheriff Steve Sheldon says the remains of 33 year old Melinda Davis were located in her car. On Sunday. The vehicle was brought back to Richmond County to be processed by Ohio BC I Melinda Davis's body was located in front of you. Local rich in county coroner's office, and Dr Burwell responded to the scene. Melinda Davis was transported Montgomery County for an autopsy. Davis was reported missing. February 27th. Her ex boyfriend, John Mack Jr. Was arrested on kidnapping charges. Shelton says more charges are expected to be filed against Mac used

Melinda Davis Richland County Sheriff Steve Sheldon Westside Dr Burwell Richmond County Columbus Ohio John Mack Jr. Montgomery County Davis Shelton MAC
"john mack" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

05:58 min | 1 year ago

"john mack" Discussed on Newsradio 700 WLW

"Chevrolet. You create your custom creating and shipping solution. Visit you Crate. Calm. All right, we'll take until nine. You take it slow. If you're out on the roads I got you covered. And Jerry Jeff Walker is in at nine. Tonight. He will take you nine to midnight. Let's uh Let's take some callers who could be perhaps on the scene or those who have experienced and can report on what the scene was like. When they were out. We head to a rock on 700 wlw rock. Where are you? What's it like? Hey, Lance to first before, if anybody hears this, don't don't even attempt for 71 South. I'm at the top of the hill, you know, get ready to head out down the hill towards to 75. I've been stopped here for 20 minutes. I left downtown. But 5 20. It's 7 26 so I don't know what's going on. I mean, there's gotta be a lot more than then. I then I know from ways or a Google app, but And one last thing I would say my friend is don't make the mistake I did. When I was going to lead downtown. I decided to take a look at Riverside Avenue. It looks like you can keep going, but it actually closes a few miles in the Riverside Avenue on and there's no way to get around it. Except turn around and go back, man. All right. Great advice. Thanks. Rocks. Stay safe. Be careful, right. That's right. Take care, right? That's good. Erin on Twitter delivering pizzas in Bellbrook, Ohio. Roads are awful. You hang in there. John Mack Lem detail in the story of his travels on the road on Twitter and Nick Nick on Twitter, says lines, but he stopped talking about peeing. I don't think I didn't think ahead and now I'm contemplating my options. Stuck on to 75 East battle to Wilder exit. Yeah, There were so many calculations running in my head of you're looking OK, Gas. I got it. Okay. I got enough gas Don't drink any of the water. You've got gas. Okay, I and then But my panic has always been not making it to the show in town on time. Years ago. I did the Friday Bengal show with Trump. Bob Trumpy on down the dialogue. 15 30. We did it in buffalo. Why? Wings rotating every Friday, and it was the blizzard that hit I don't know, 15 years ago. How long of a man back here? I've been back 24. Maybe it's 16 years ago. Whatever that, anyway, I left three hours before the show started. And I did not get to the Buffalo Wild wings on time. And the lesson learned Woz never allow Bob Trumpy on the air by himself when you're supposed to be there with him, because he as you could imagine he sliced and diced me. I ended up calling in It was like what? Where are you? What do you mean? You're not here? Don't you think it's your responsibility to be here on time like a professional and this is all It's all unfolding him sitting in the bubble while wings me in my car on my phone and the conversation playing out of the radio is he just crushes me? I'm like I left three hours early. Still wasn't enough. How about Sean on 700? Wlw? Hey, Sean. How you doing about it? I'm I have made it. Where are you Are? Where have you been? I left love one that a quarter after four. Not just come into people's Oh described conditions you faced. The roads of solid white is completely covered or not. Some places you got some decent tracking, but most of us completely covered traffic down. It took probably an hour to get from old 74 to the top of the hill. But Abia When I came through there because it was just bumper to bumper. Nobody was very fast about 2.5 3 Miles an hour for that track, man. Oh, man. It's just been that way all the way. But that's all right now, as long as I've got about three minutes and I'll be at the house, there you go. Well hanging there. Appreciate the report and be safe, All right? Okay. All right, you as well Right? That's good. This is good. I kind of like, I mean that guy, you know, I figure at least we could do a public service. Everybody else who's either in it, or has to be in it at least for a little bit longer, So we'll take some more calls. John and Alison and Chris and others at 5137491 7800. The big one and pounds 700 on a TNT. I misspoke earlier, Gary Jeff Walker is out tonight. Dan Carroll is in. He will take united to midnight. I will say it eight o'clock tonight. 80 Wait. I don't know if you've heard about what is going on the The phenomenon of the Hashtag Cross town tip off and what Chad Brendel has started Friend of the show from Bear Cat Journal. They have created a a fund. You've heard of all the tips being left at restaurants for the staff's well. Chad Brendel through Bear Cat Journal, along with Rick Brokering of Musketeer report are now tag teaming with You see fans and Xavier fans to contribute funds to three establishments in town. It has blown up. The numbers are off the charts. In terms of what they have gathered monetarily. They will tell that story and given update coming up in the eight o'clock hour, but front and center your phone calls on where you're at where you've been and what you're facing on the roads As we roll on. News is next, you create sports talk Presented by Kelsey Chevrolets 700 WLW. News, traffic and Weather News radio 700 w L JEALOUSIES Cincinnati So impacting the tri state again with the 7 30 report on Sean Gallagher breaking now part to wonder whether this week making its way to the tri state during afternoon rush hour, leaving motorists dealing with white out conditions. Rosa quickly became snow covered, forcing Travis come to a crawl and even a standstill since then, that heavy snows moved out, but another Inter to could still fall.

Sean Gallagher Twitter Bob Trumpy Chad Brendel Jerry Jeff Walker John Mack Bear Cat Journal Chevrolet. Google Lance Cincinnati Bellbrook Ohio Gary Jeff Walker buffalo Trump Nick Nick Erin Rosa Dan Carroll
"john mack" Discussed on KLBJ 590AM

KLBJ 590AM

03:04 min | 2 years ago

"john mack" Discussed on KLBJ 590AM

"They're great with their former players. They were great with the fans. It is a situation where you gotta wear a lot of hatch. You've got to go to that barbecue and bass drop and be a great person and then go to a board room in Houston and be that same person and people can't do that. Tom Herman didn't do a good job, but that Charlie Strong didn't do a good job, but that John Mack of it didn't do a good job at that. But Mack Brown did an extraordinary job of wearing different hats. And, as he said, putting all the babies back in the box, that's that's what being a coach here is because You're gonna you're gonna have somebody mad at you. Every stinking day. You're gonna have somebody you're gonna have people out there who think they know more than you do, And they think you'll have people out there who expect to have a say just because they give money to buy a sweet or give millions of dollars for the expansion of DK are You think they're stakeholder? That's that's the problem. I think well have at this university, but I don't know that you can reverse that problem. I think if you're the head coach, it is your job. Wouldn't Mack Brown say this? It's your job to manage that problem, too. You know, to massage that problem, I and, you know, I always sort of didn't care for his handling of these situations. But now that I look back on it, I'm like maybe that's what was required. You know, our friend Rod Babers was pretty famously, He was the sideline reporter for the Long one broadcast. And was critical of the team and back, sat him down and said, Hey, you're with us or you're against us, and he said All right, Then I quit on you. You've told me before about how Mac would get on your ass about if you're critical of the team, and I think that's because he is that position. He's the number one. He is the CEO of the brand and the least in my lifetime. He's been the one the only one who's been able to pull it off. You know, he's been the best at it. And Charlie Strong was real bad Tom Herman with not great, not great at it. Not great. And I wonder if Sarkeesian even knows what he's doing. Taking on here. I don't know. I don't know if he knows you're not because It's it's just and speaking of Mac Mac was that way because Mac would get on May, Mac and I are really, really I cherish his friendship. We message yesterday after after he got beat, and I cherish this friendship. But it was Rocky because Mac And he grew out of this mentality of either with us or against us, because I think by the time he left, he knew that Cedric Golden had a job to do Craig Way had a job to do. I had a job to do to be critical when you needed to be critical. So, but it's it is a It's A It's a crazy crazy deal to be head coach here. I don't think he have it in too many other places. You don't have it in Aggie land because those Aggie seems like they rally around their coach. All the time. And boy Jimbo Fisher into the year on a big note by meeting Mac, But they want to know where were you 15 years ago today? Uh, 15 years ago to that years ago. Today is today. The day is today going for the corner. He's gone it that chance young sores 15 years ago. Today. 15 years in about seven hours. I was running around six..

Mac Mack Brown CEO Charlie Strong sideline reporter Tom Herman Sarkeesian John Mack Jimbo Fisher Houston Aggie Craig Way Cedric Golden