40 Burst results for "Nicks"
A highlight from UNCHAINED: Heres How Sam Bankman-Frieds High-Stakes Trial Could Play Out
"Arbitrum's leading layer two scaling solution offers you ultra cheap and lightning fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Make it simple today with Toku. Today's guest is Nick Day, Coindesk's managing editor for global policy and regulation. Welcome, Nick. Thanks for having me. The trial for former FTX CEO Sam Bankman -Fried starts next Tuesday, October 3rd. There's been a lot happening pre -trial. For instance, Sam has requested release from jail multiple times and repeatedly been denied, including as recently as Thursday morning. My personal thought was that it seemed like all these requests that the defense was putting in at this critical juncture right before the trial was supposed to begin was maybe not the best use of their time, but that's just my personal opinion. I'm not a lawyer. Why do you think they made this such a point of focus in the last few days? Yeah. So I'm actually coming, you know, I was in the courthouse just a few hours ago where this very issue was brought up and the, you know, defense's arguments were, well, the first time we asked it was for pre -trial release. You know, this was right after Bankman -Fried was remanded into custody in mid -August. The second time was, you know, they were asking an appeals court to overrule the judge's decision to remand him and they lost that as well. In court today, the defense said, well, you know, now we want to ask for during trial, which is why we waited until this week to make that request. And they say that they want to, you know, the circumstances are different. They're not asking for Bankman -Fried to be released from jail in the weeks leading up to trial. Now they're saying, well, you know, during the trial, we're going to have to talk to him and check with him about defense witness testimony and cross -examination and things like that. So that's why we're making this request. And the judge didn't really find that compelling. And why do you think the judge has stuck to this position of keeping Bankman -Fried in jail? So in the judge's words, there's a couple of different reasons. One being that Bankman -Fried has had ample time to look at the defense materials. You know, one of the arguments was there are something like 1300 exhibits expected over the course of the trial. And the judge asked today, you know, were these all prepared and shared with you before, I think he said September 8th, so earlier this month. And the defense, they said, yes, we've seen all of this. We've had access to all of this. Bankman -Fried was out on bail for about seven and a half months. And so the judge's argument is, well, he's had time to look at this. You know, there's no surprises here. And he said that the defense has the chance to talk with Bankman -Fried in the Metropolitan Detention Center where he's currently being housed weekends during days that there are no trials. So, you know, the trial is not every weekday. It's going to be most weekdays. And he said, you know, you have the time, you have the opportunity, you are able to talk to your client. You're not really losing a whole lot. But he added kind of a, you know, made this ruling where Bankman -Fried will even be presented to the courthouse early on trial days where there's certain witness testimony that has to be discussed and let the attorneys just talk to him before the trial begins on those days. So he's saying basically, you know, you have opportunities to talk to your client and I'm going to give you more time to do so, but I'm not going to let Bankman -Fried out of jail. So the main focus next week as the trial begins will be jury selection. Tell us what you think that process will be like. It definitely will be interesting. I think it's probably going to be very boring from just kind of an observer perspective because it's a long process and we're going to be just sitting there watching this judge ask each individual, have you heard of FTX? Have you heard of Bankman -Fried? What do you think about cryptocurrencies? But it's going to be very interesting because this is the part where we're really going to get a sense of, okay, you know, these are the 12 or so people who are going to determine whether or not Bankman -Fried spends the next, you know, 10 to 20 years of his life behind bars and so I'm expecting to see maybe as mixed selection. I think if you pluck a random group of New Yorkers off the streets, some of them may have heard of cryptocurrency. Most of them probably will not have and they're going to be tasked with deciding whether or not one of the biggest figures in crypto committed fraud on the way up and on the way down. Something that was interesting to me was the prosecution said that they expected jury selection to take the better part of a day. I've seen some legal opinions that it will take longer than that. What do you think could potentially happen there and why do you think some analysts are saying that it would take longer? Yeah, no, I've spoken to a number of lawyers as well ahead of the trial, you know, where at Coindes we're trying to do a lot of kind of preview coverage, basically saying here's how it might go down. Everyone I spoke to said it will probably take a couple days. Part of that is because this is a fairly notorious case. A lot of people will have heard about Bankman -Fried and presumably formed some kind of opinion that would, you know, disqualify them from being a juror on the trial. I'm not sure where the DOJ is getting their estimate from. It's very possible that, you know, through the questionnaires that the jury pool is sent through the, you know, the kind of the mass selection process or deselection process that the judge engages in. Maybe that streamlines a big part of it by kind of, you know, reducing or like immediately filtering out the people who are most blatantly, you know, either knowledgeable or biased or otherwise have their own preformed viewpoints about the case. And so the jury selection might just be focused on, you know, those individuals who have made it through those initial filtering processes. But that's speculation on my part. I honestly am not sure if it is a better part of the day that we could see opening statements as soon as next Wednesday, October 4th, which would be a pretty rapid start to the trial. And Coindesk did some work to try to suss out what it is that Lower Manhattan New Yorkers might say if they were randomly picked for a jury. What did you discover there? Yeah, no. So Coindesk's Dylan and Victor went to Manhattan, downtown Manhattan to the financial district, and literally just went up to people and said, hey, we're with Coindesk. Have you heard of FTX? Have you heard of Sam Bankman Fried? And a fairly large part of this group just hadn't heard about it. You know, they weren't familiar with it. They weren't comfortable talking about crypto. They weren't familiar with crypto. And of those who were, you know, I think they found a fairly even mix. There were some individuals who had heard about Bankman Fried, some individuals who had only heard about crypto, some individuals who were very knowledgeable. They actually found a, you know, a Yahoo anchor who was the most knowledgeable about it, naturally, as you know, a reporter covering the financial space. But they also found people who were looking for jobs in crypto, people who were investors in the space. By and large, it seems to, you know, a lot of the people they spoke to just weren't interested or talking, interested in talking about crypto or in, you know, being part of this, being part of crypto. So if that is a representative sample of who we'll see next week at the jury pool, it'll be interesting because we'll see a large, potentially large, jury pool of people who aren't familiar with crypto. Again, on one of the biggest, you know, bang in on one of the biggest figures in the space. Recently, the defense proposed certain questions that it would ask the jurors and the government said that they felt these were quote unquote intrusive. What were some of the questions that were proposed and what was the government's response? Yeah. So, you know, the background here is both the DOJ and the defense team filed their proposed jury questions to help filter potential jurors. The defense team in particular had a number of questions about, you know, how these potential jurors felt about things like effective altruism, about political donations, about ADHD and people who have ADHD. And the DOJ response was really, you know, they felt that some of these questions, for example, about effective altruism and about political donations seemed kind of primed to or designed to prime the potential jurors to think, oh, well, Bankman Fried was trying to do all of this in service of this effective altruism philosophy. Therefore, he was trying to raise money to donate to better the world or designed to try and prime the jury to think, okay, well, you know, political donations is fine. So these allegations about breaking the law in the way he tried to donate funds maybe is, you know, overreach or whatever. And then the intrusive part, you know, treating just kind of this question of ADHD and whether or not people were, you know, involved with individuals who had it or the DOJ just felt that these questions were really designed to try and shape how the jury would see Bankman Fried as opposed to just kind of gauge their existing biases. And so the DOJ opposed these questions. And I think we're still waiting to see for sure if there's any public response on the judge prior to jury selection on Tuesday. All right. So in a moment, we're going to talk about different legal strategies that the defense might pursue. But first, a quick word from the sponsors who make this show possible. Arbitrum stands at the forefront of innovation as the premier suite of Layer 2 scaling solutions, bringing you lightning fast transactions at a fraction of the cost, all with security rooted on Ethereum. From DeFi to gaming, Arbitrum 1 plus Nova is home to over 500 projects. And with the recent launch of Orbit, Arbitrum welcomes you to build your very own Taylor Layer 3 or an Orbit chain. Propel your project and community forward by visiting arbitrum .io today. Toku makes managing global token compensation and incentive awards simple. Are you designing your token compensation plan and grant templates with multiple law firms? Are you managing cliffs, vesting and taxable events in a spreadsheet? Are you distributing tokens to your team manually? With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Easy to use token grant award templates, vesting tracking via online dashboard, tax withholding integration with payroll, automated distributions, great employee experience. Make it simple with Toku. Learn more at toku .com slash Unchained.
Fresh update on "nicks" discussed on The Bitboy Crypto Podcast
"Nick. This was a underrated comment. I just want to give you your flowers. Nick's, Nick's a good writer folks. Uh, so undeserved, uh, not enough lights there. And then the three, two one, which we ended with yesterday. So that's, uh, the X minute there. Nick is going to talk to you about his favorite coin is the XRP and the metaverse. I left you that one on purpose, Nick. All right. We're me and Kat, we're going to Vegas. We're going to see, and if T-con, uh, we might go see a big friend of the channel, go see a cool fight boxing match. I'm really looking forward to that. Uh, so see you guys Monday. All right, Nick, it's all you, buddy. All right. All right guys. Now it's time for the show to get serious. Okay. Uh, Tim, can we go back to serious show? Completely serious show. Yeah. That means BJ, no takes from BJ. No takes to BJ. Uh, look guys, uh, I don't know what you're expecting right now, but this show is going to go to about one 15. Cause I've got a lot to talk about. First of all, do I have to one 15? Yeah. Everyone will. So we're all locked now. You're yeah. I mean, I am the dictator. That's true. I do dictate. So, uh, gosh, where was I going with that? Doing an outro. I had a really serious show. You're keeping us to one 15, one 15. You have a lot to say. Uh, okay. Before we get into it, look what I got. This is a new toy. When was the last time Nick's shirt wasn't purchased at a garage or a state sale. Okay. That's pretty funny. I can't even be mad at that. This is an RX 580 from Sapphire. Oh, wow. I didn't know you were poor. These, I got this for $70 on eBay. You already do some moon math with me. Okay. Let's do it. All right. This bad boy, $70, $90 shipped. Okay. Sapphire makes the best GPUs for the minus. Okay. Um, gigabyte makes the worst. So we're going to move over here. We're about to do some moon math, baby. And then we're going to get into the XRP stuff. Oh, that was my, that was my transition. Um, I'm pulling this up. So let's go to, uh, I have, I have called a truce with the XRP army. Do you know that Tim? I didn't know that. That's good to hear. This is a time for peace. This is a time for peace. I've called a truce with the XRP army. I've also called a truce with hexagons. Oh, so the dictatorship is now at a detente with both of those tribes, but not a coup d'etat. No, no. Hey BJ, how are your hands? They're going to feel better later tonight. So yeah, I've called a truce with XRP army. I've called a truce with the hexagons. We are at peace. We have laid down arms. We're not in peace talks yet, but ceasefire. Uh, yeah, it's a ceasefire. Uh, Nick looks like he's about to record it with a VHS. Dude. These are great. These are great, great comments. All right. What to mind. All right. So your RX 580 here, let's take a look at this. RX 580. One RX 580. Zoom in. It's about, where are we? Blake three. So Blake three is what uh, the RX 580 can mine. And that is for Alephium. We're going to look at Alephium. ALPH. Can you bring up the chart for ALPH, Tim, while I'm talking about this? Nick and Steven, don't, don't bring up that because that's, yeah. Don't bring up that 70 show. ALPH over, is this a coin? What is this? What's that? What is ALPH? A coin. Okay. So you're over USD. Okay. Uh, so a 580 can mine approximately, and we're going to go down here, can mine a lot. Uh, but we're interested in Alephium right now. Okay. So wait a minute. That's not right. It's late. Oh, there we go. Yeah. I had to update calculation. Okay. Let's go back down. BB booboo BB booboo. Enhance to ALPH. Okay. So this can mine your 580 can mine point basically a little less than half an ALPH a day. All right. So here's the important part. Why does this matter? We're going to go back to our calculator. We're doing some moon math here, folks on mining. Yes. Two for one mining show. I was here yesterday. I'll be here tomorrow. Does that mean the math isn't real if it's moon math? No, no, it's real. Okay. So let's go ahead and say that ALPH is going to do a 20x from here, which I think is absolutely in the cards. Okay. So you're mining 0.4 Alephium. Can 0.43. We're going to make an assumption here. We're making an assumption. You're going to be able to continue to mine that same amount of ALPH and that will average 0.43 between now and a year from now. Let's say you mine 365 days a year on one RX 580. What is that going to get you? It's going to get you 157 Alephium. So we go back to coin perspective and we say, huh? So if we get a that means our one RX 580 point one seven can pull in a whopping 500 bucks. Not bad. And if you buy this thing now at $75, usually in the, in the bull run, you're able to flip your gear for like three to five X. So that's, this is why mining is cool. This is why mining is powerful. This is why mining is profitable when you're doing it in the bear run when everyone else is scared. So yeah, that's just one RX 580 can possibly pull in 500 bucks and that's with a 20 X. I think ALPH has more to go than just a 20 X. Tim, pull up that ALPH chart. Yeah. You want 120 X? Wait, 120 X? What did you say? You wanted what on the chart? Just a 20 X. A 20 X. Oh, a measly little 20 X. Yeah. So good old 2000% from where we are currently. Yeah. Yeah. We're gonna have to, scroll here for this one. Let's go back this baby up and keep going. 2000, ladies and gentlemen, would put us at $3 and 30, five, 33 cents, 35 cents, give or take. And that's a market cap of $160 million. That's a good little market cap. Which seems extremely attainable. My only question, my only question, Nick, is what is the tokenomics of this coin? Because there is, you know, it's only 4.24% of supply in circulation. They do have a max supply, which is a good thing, but a very small percentage of it is out. What does the tokenomics look like? So the tokenomics are for right now, good. Now I need to dig into a little bit more because it is kind of like a gas token from my understanding. So there is like a burn mechanism, but I'm speaking a little bit out of turn right now because I haven't done a full hardcore deep dive on a Leafium. I think it's there's going to be staking involved. So that's going to pull out of the max supply as well. I don't know what the emission rate is though. I don't know if the block rewards or when the halvings are and how the block rewards change. Like Casper, Casper has a block reward change every month. It drops by like a certain percentage point every month. So right now I think for Casper, it's 146 Casper per block. A year from now, it will be 70.
A highlight from Heres How Sam Bankman-Frieds High-Stakes Trial Could Play Out - Ep 549
"Even though each of these charges, if you look at the DOJ press release says, oh, it contains a maximum sentence of 20 years or five years, whatever, it's not going to be consecutive. It'll be concurrent. So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is it'll probably be somewhere in the, you know, 10 to 20 year range. Hi everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor at Forbes was the first mainstream media reporter to cover cryptocurrency full time. This is the September 29th, 2023 episode of Unchained. Thinking of launching your own stable coin? Start with the open source stable coin studio toolkit on Hedera. Start your journey at Hedera .com slash Unchained. Shape tomorrow today. With the crypto .com app, you can buy, trade and spend crypto in one place. Download and get $25 with the code Laura. Link in the description. Arbitrum's leading layer two scaling solution offers you ultra cheap and lightning fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Make it simple today with Toku. Today's guest is Nick Day, Coindesk's managing editor for global policy and regulation. Welcome, Nick. Thanks for having me. The trial for former FTX CEO Sam Bankman -Fried starts next Tuesday, October 3rd. There's been a lot happening pre -trial. For instance, Sam has requested release from jail multiple times and repeatedly been denied, including as recently as Thursday morning. My personal thought was that it seemed like all these requests that the defense was putting in at this critical juncture right before the trial was supposed to begin was maybe not the best use of their time, but that's just my personal opinion. I'm not a lawyer. Why do you think they made this such a point of focus in the last few days? Yeah, so I'm actually coming, you know, I was in the courthouse just a few hours ago where this very issue was brought up and the defense's arguments were, well, the first time we asked, it was for pre -trial release. You know, this was right after Bankman -Fried was remanded into custody in mid -August. The second time was, you know, they were asking the appeals court to overrule the judge's decision to remand him. And they lost that as well. In court today, the defense said, well, you know, now we want to ask for during trial, which is why we waited until this week to make that request. And they say that they want to, you know, the circumstances are different. They're not asking for Bankman -Fried to be released from jail in the weeks leading up to trial. Now they're saying, well, you know, during the trial, we're going to have to talk to him and check with him about defense witness testimony and cross -examination and things like that. So that's why we're making this request. And the judge didn't really find that compelling. And why do you think the judge has stuck to this position of keeping Bankman -Fried in jail? So in the judge's words, there's a couple of different reasons. One being that Bankman -Fried has had ample time to look at the defense materials. You know, one of the arguments was there are something like 1300 exhibits expected over the course of the trial. And the judge asked today, you know, were these all prepared and shared with you before, I think he said September 8th, so earlier this month. And the defense, they said, yes, we've seen all of this. We've had access to all of this. Bankman -Fried was out on bail for about seven and a half months. And so the judge's argument is, well, he's had time to look at this. You know, there's no surprises here. And he said that the defense has the chance to talk with Bankman -Fried in the Metropolitan Detention Center, where he's currently being housed weekends during days that there are no trials. So, you know, the trial is not every weekday. It's going to be most weekdays. And he said, you know, you have the time, you have the opportunity, you are able to talk to your client. You're not really losing a whole lot. But he added kind of a, you know, made this ruling where Bankman -Fried will even be presented to the courthouse early on trial days where there's certain witness testimony that has to be discussed and let the attorneys just talk to him before the trial begins on those days. So he's saying basically, you know, you have opportunities to talk to your client and I'm going to give you, you know, more time to do so, but I'm not going to let Bankman -Fried out of jail. So the main focus next week as the trial begins will be jury selection. Tell us what you think that process will be like. It definitely will be interesting. I think it's probably going to be very boring from just kind of an observer perspective because it's a long process and we're going to be just sitting there watching this judge ask each individual, you know, have you heard of FTX? Have you heard of Bankman -Fried? What do you think about cryptocurrencies? But it's going to be very interesting because this is the part where we're 12 or so people who are going to determine whether or not Bankman -Fried spends the next, you know, 10 to 20 years of his life behind bars. And so I'm expecting to see maybe as mixed selection. I think if you pluck a random group of New Yorkers off the streets, some of them may have heard of cryptocurrency, most of them probably will not have, and they're going to be tasked with deciding whether or not one of the biggest figures in crypto committed fraud on the way up and on the way down. Something that was interesting to me was the prosecution said that they expected jury selection to take the better part of a day. I've seen some legal opinions that it will take longer than that. What do you think could potentially happen there and why do you think some analysts are saying that it would take longer? Yeah, no, I've spoken to a number of lawyers as well ahead of the trial, you know, where at Coindes we're trying to do a lot of kind of preview coverage, basically saying here's how it might go down. Everyone I spoke to said it will probably take a couple of days. Part of that is because this is a fairly notorious case. A lot of people will have heard about Bankman Fried and presumably formed some kind of opinion that would, you know, disqualify them from being a juror on the trial. I'm not sure where the DOJ is getting their estimate from. It's very possible that, you know, through the questionnaires that the jury pool is sent through the, you know, the kind of the mass selection process or deselection process that the judge engages in, maybe that streamlines a big part of it by kind of, you know, reducing or like immediately filtering out the people who are most blatantly, you know, either knowledgeable or biased or otherwise have their own preformed viewpoints about the case. And so the jury selection might just be focused on, you know, those individuals who have made it through those initial filtering processes. But that's speculation on my part. I honestly am not sure if it is a better part of the day that we could see opening statements as soon as, you know, next Wednesday, October 4th, which would be a pretty rapid start to the trial. And Coindesk did some work to try to suss out what it is that lower Manhattan New Yorkers might say if they were randomly picked for a jury. What did you discover there? Yeah, no, so Coindesk's Dylan and Victor went to Manhattan, downtown Manhattan to the financial district, and literally just went up to people and said, hey, we're with Coindesk. Have you heard of FTX? Have you heard of Sam Bankman -Fried? And a fairly large part of this group just hadn't heard about it. You know, they weren't familiar with it. They weren't comfortable talking about crypto. They weren't familiar with crypto. And of those who were, you know, I think they found a fairly even mix. There were some individuals who had heard about Bankman -Fried, some individuals who had only heard about crypto, some individuals who were very knowledgeable. They actually found a, you know, a Yahoo anchor who was the most knowledgeable about it naturally as, you know, order covering the financial space. But they also found people who were looking for jobs in crypto, people who were investors in the space. By and large, it seems to, you know, a lot of the people they spoke to just weren't interested or talking, interested in talking about crypto or in, you know, being part of this, being part of crypto. So if that is a representative sample of who we'll see next week at the jury pool, it'll be interesting because we'll see a large, potentially large, jury pool of people who aren't familiar with crypto. Again, on one of the biggest, you know, bang in on one of the biggest figures in the space. Recently, the defense proposed certain questions that it would ask the jurors and the government said that they felt these were quote unquote intrusive. What were some of the questions that were proposed and what was the government's response? Yeah. So, you know, the background here is both the DOJ and the defense team filed their proposed jury questions to help filter potential jurors. The defense team in particular had a number of questions about, you know, how these potential jurors felt about things like effective altruism, about political donations, about ADHD and people who have ADHD. And the DOJ response was really, you know, they felt that some of these questions, for example, about effective altruism and about political donations seemed kind of primed to, or designed to prime the potential jurors to think, oh, well, Bankman Fried was trying to do all of this in service of this effective altruism philosophy. Therefore, he was trying to raise money to donate to better the world or designed to try and prime the jury to think, okay, well, you know, political donations is fine. So these allegations about breaking the law in the way he tried to donate funds maybe is, you know, overreach or whatever. And in the intrusive part, you know, treating just kind of this question of ADHD and whether or not people were, you know, involved with individuals who had it or the DOJ just felt that these questions were really designed to try and shape how the jury would see Bankman Fried as opposed to just kind of gauge their existing biases. And so the DOJ opposed these questions and I think we're still waiting to see for sure if there's any public response on the judge prior to jury selection on Tuesday. All right. So in a moment, we're going to talk about different legal strategies that the defense might pursue. But first, a quick word from the sponsors who make this show possible. Arbitrum stands at the forefront of innovation as the premier suite of Layer 2 scaling solutions, bringing you lightning fast transactions at a fraction of the cost, all with security rooted on Ethereum. From DeFi to gaming, Arbitrum 1 plus Nova is home to over 500 projects. And with the recent launch of Orbit, Arbitrum welcomes you to build your very own tailor -made Layer 3 or an Orbit chain. Propel your project and community forward by visiting arbitrum .io today. Toku makes managing global token compensation and incentive awards simple. Are you designing your token compensation plan and grant templates with multiple law firms? Are you managing cliffs, vesting and taxable events in a spreadsheet? Are you distributing tokens to your team manually? With Toku, you get unmatched legal and tax tech support to grant and administer your global team's easy -to -use token grant award templates, vesting tracking via online dashboard, tax withholding integration with payroll, automated distributions, great employee experience. Make it simple with Toku. Learn more at toku .com. Looking to venture into the world of stablecoins? Explore the open -source stablecoin studio toolkit on Hedera. Whether you're building the next big thing in Web3 or an enterprise banking and payment provider, Stablecoin Studio simplifies stablecoin issuance and management, keeping you at the forefront of on -chain finance. With seamless integration into commercial custody providers and KYC services and built -in proof of reserve functionality, Stablecoin Studio streamlines development and time to market. Harness the power of stablecoins by visiting hedera .com slash unchained. Back to my conversation with Nick. Recently, the defense did propose a number of witnesses, but the judge denied most of them. Who were these proposed witnesses and why were they denied? Yeah, so the DOJ and defense both had a number of proposed expert witnesses. The defense in particular had a number of individuals that they said could speak to everything from the terms of service that FTX operated under to the FTX software to just rebutting certain DOJ witnesses. The judge basically said he agreed with the DOJ in rejecting all of these proposed witnesses. There were seven. He did allow the defense to call for four of them later on, but they have to meet certain requirements and fill out certain disclosure forms first. A big part of the judge's reasoning was the witnesses had just not adequately explained what they wanted to testify about or what they would say, and so they didn't have or he didn't have enough information to allow them to testify, which was functionally the DOJ's argument as well. That being said, some of these proposed witnesses are intended to act as rebuttal witnesses to DOJ's witnesses. I know we're saying the word witnesses a lot, but that's what it comes down to is four of these witnesses could come back and respond to, you know, either FTX intercircle members who are testifying on behalf of the DOJ. One of the potential witnesses that the defense can call forward is someone who can speak to the actual technical software underlying the, you know, FTX program, again, in response to DOJ witnesses. The judge did completely ban, for example, a British barrister who was supposed to explain the FTX terms of service as well as someone who was supposed to speak to kind of the crypto industry at large, saying that, you know, those witnesses and that proposed testimony seemed a bit too far afield from what the case would be about and could probably do more to confuse the jury than to clarify anything. And SPF's team also wanted to block a proposed government witness that was also denied. Who was that and why did the judge deny that motion? The DOJ proposed a University of Notre Dame professor to testify about some forensic analysis he did on FTX financials. The defense objected. They said that this witness would basically just reiterate the DOJ's claims, the allegations, but the DOJ argued that he was doing his own analysis of the data he had access to. And so it wouldn't just be stating the DOJ's claim. He would be providing his own expert insight based on his own work, you know, examining the databases that he had access to. And the judge agreed with that and said that based on what he'd saw and based on what the witness disclosure had provided, the witness was likely just speaking to his own expertise and looking at actual data as a third -party expert witness might do. And so those witnesses are allowed right now. We're still waiting on the full and final witness list, but we now know that there are probably at least a dozen witnesses that we're going to hear from over the next six weeks. And who are the ones that stick out to you on that list? I think the cooperating witnesses, so the FTX inner circle, that's former Alameda Research CEO Carolyn Ellison, former FTX director for engineering Nishat Singh and Gary Wang. I forget which one of them was the director of engineering. The other one was a fellow executive, but you know, these are the three individuals I think we're going to hear from probably first, maybe. Might hear from them as soon as next week, not certainly the week after. They're the ones who were in it, right? They were involved in this. They were part of FTX. They were part of the highs. I think we're going to probably hear from them, you know, how FTX might've fallen apart. I know from court filings, we know that DOJ wants to ask Carolyn Ellison about the FTT token and allegations that Sandbank and Freed was directly involved in trying to argue for Alameda to take a large sum of it and to potentially allegedly manipulate the price. So I think that testimony is going to be really interesting just because, again, it's the firsthand account of what happened. We're also probably going to see the defense try and discredit these witnesses to the extent possible, right? Straight out of the gate saying, well, you know, you weren't threatened with jail if you didn't testify in turn against your former boss. So I imagine we're just going to hear arguments like that from the defense during cross -examination, but either way, I think this is going to, you know, those are the three witnesses I think we're looking forward to most right now. And then once we're past that kind of initial surge of FTX insiders, that's when we'll get to kind of more, I don't because I don't think that is the right word for it, but, you know, people who are looking at it from kind of the, you know, again, forensic analysis perspective, people who are going to be able to kind of dig through and say, all right, well, you know, we've looked through the smoking remains and here's what we found. And I think that will also be interesting because it'll be really a third -party perspective on, you know, here's how this thing was set up and here's where things may have gone wrong or here's where things may have fallen apart. And getting a third -party perspective on that I think is going to be really fascinating because there'll be, I assume, a bit more objective about it than, you know, people who built it and worked on it maybe could be. One other kind of motion that happened this week that was pretty interesting or development, I should say, is that the judge did allow SPF's team to ask some of the witnesses about their drug use. What do you think will be the significance of that line of questioning? I think that goes back to, you know, a witness, cooperating FTX inner circle member saying, while we were at FTX, Sam directed us to manipulate FTT, whatever, you know, just speculating what someone could say. And the defense comes back and says, well, you know, are you sure that's what he said? Were you high at the time of these conversations or were you engaged in recreational drug use during the time you were running this company? You know, if I'm a member of the jury and I hear, okay, well, everyone was partying and on drugs and doing weird stuff or, you know, potentially, you know, in an altered state of mind, that might shape how I view the, you know, the defendant, the verdict, the whole case. So the judge did say that prior to making those, you know, kind of questions, the defense has to notify the prosecution and the judge about it. So it's not going to be a case of like they'll blindside the witnesses about this, but I imagine that's going to kind of go back to this effort to try and say like, okay, you know, Bankman Fried wasn't doing something wrong on his own or intentionally, it's just that things fell apart, but they were well -intentioned. The defense is going to attempt to, I think, pin some of the blame on legal advice that Bankman Fried received. How effective do you think that argument will be at trial? That's a really hard question to answer. I think the problem that the defense has is there's really no denying that FTX fell apart and it fell apart in like a very dramatic fashion, right? The day it filed for bankruptcy that evening, what, a couple hundred million dollars or tens of millions of dollars worth of crypto was stolen, I think. I forgot the exact amount, but you know, it was a pretty dramatic way to cap off what was already a chaotic week. So the problem the defense has is they can't say, well, FTX is fine. And so they're leaning on this advice of counsel defense. Their argument is going to be, you know, Bankman Fried was well -intentioned. He told his lawyers everything he wanted to do, and he did everything they told him to do. And so because it all fell apart, you can't really pin that on Bankman Fried. You have to look at the advice he was given and the information he was acting on. And so I guess part of the problem that the defense might have here is did they share or did Bankman Fried share everything he wanted to do with his attorneys? Did the attorneys have all the information and did he do exactly everything the way his attorneys told him to? And I don't know, you know, I'm sure we'll see answers to those questions over the next, you know, six weeks or so, but that seems to be kind of how that might play out. And it's going to be an interesting argument for sure. But again, I think it goes down to the central problem of FTX for sure collapsed and how you respond to that. One other issue is that the judge did rule that the prosecution could mention SPF's political donations. And there are charges specifically related to that that will be tried in a separate trial next year. So why were those allowed in this case? So this is where we get into what has become one of the new fun parts of being a court reporter in this case is Bahamas extradition treaties. So the original indictment that Bankman Fried was charged with back in December of 2022 did include campaign finance violations as one of the charges. But because it did not appear in the charging document that the Bahamas Police Department had, there's a Bahamas National Police, something like that, Bankman Fried's defense team successfully argued that they could not bring that charge right now because he had agreed to be extradited on the first seven charges, which were wire fraud and conspiracy to commit wire fraud and conspiracy to commit securities and bodies fraud, et cetera. So what it seems like is going to happen is the prosecution is going to try and fold all of that into all the political donation stuff into the other charges, into the wire fraud charges, and say, well, you know, we have the evidence, we have the allegations, and here's what you have to look at what that means for the next trial. And, you know, you're absolutely correct. There is another trial currently tentatively scheduled for either March or April 2024, next spring, either way, where we will be going through all of this again. But a lot of that is dependent on the Bahamas. And yeah, we could probably talk about that for another hour if you wanted to. All right. Well, we'll leave that for another episode. But one thing I did want to ask about is earlier in this interview, you said that his sentence was likely to be in the range of 10 to 20 years. And obviously, you know, there's many charges and we don't know which ones he'll be found guilty of and which ones he won't. But how are you coming up with that estimate? So yeah, I should definitely be more precise there. So I personally am not a lawyer or an expert in this. I have spoken to a number of lawyers about this. And what they said is, if you have a defendant who is found guilty, so these assumption here is that he is convicted on at least one of these charges. But if he's found guilty on even several of the charges, because all of the conduct is similar, because it's all kind of identical conduct at the core, a judge, when making a sentencing determination, will basically fold all the charges into each other, right? All the conduct. And so even though each of these charges, if you look at the DOJ, press release says, oh, it contains a maximum sentence of 20 years or five years, whatever. It's not going to be consecutive. It'll be concurrent. So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is probably be somewhere in the, you know, 10 to 20 year range. Some estimates came down as low as five years, some as many as 36 years. But they all seem to base that on just kind of the allegations, the charges themselves combined with the amount of money allegedly lost, which is more than 50 million, combined with the severity and all of that. Yeah. And so 50 million is sort of like some thresholds because I think it goes in levels of severity. Yeah. And the higher the number goes, the longer the sentence. However, that's the largest threshold, obviously. Yeah. I literally looked up the federal sentencing guidelines, which by the way, is a very confusing document. I did not understand it. So I asked someone else to explain it to me, but yeah, it's the different thresholds that you mentioned. And it starts with the, I think the thousands range and then just kind of escalates up and 50 million seems to have been the uppermost that they had. So it's 50 million plus. I think the allegation is something like 10 billion loss from FTX. So 10 billions, a hair more than 50 million. Just as many multiples. So that will probably be kind of the way they calculate it, probably. And again, this is dependent on if he's convicted on one or more charges and all sorts of stuff. Yeah. Okay. Well, we will have to see how all that plays out. Thank you so much for explaining all of this on Unchained. Thanks for having me again. Always great to talk to you. Yes. Same here. Don't forget next up is the weekly news recap today presented by veteran crypto reporter and Columbia University night budget fellow, Michael Del Castillo. Stick around for this week in crypto after this short break. Join over 80 million people using crypto .com. One of the easiest places to buy, trade and spend over 250 cryptocurrencies.
Fresh update on "nicks" discussed on WTOP 24 Hour News
"Wtop news. wtop at 421 saturday morning coming right up. Northern Virginia drivers concerned about toll increases are getting support from the state's attorney general i'm nick aye nelly. In honor of all those we've lost to cancer and those still fighting and thriving like basketball analyst dick vitale i want to beat cancer i'm to going beat it that's no doubt in my mind i'm going to win this battle. Defeating cancer will take all of us at the v foundation v is for victory over cancer v is for victory over giving up don't give up don't ever give up join our team in the fight against and v dot org. That's Saturday morning 4 22 on WTOP. Glad you're with us. This is WTOP news. The Catholic archdiocese of Baltimore has filed for bankruptcy
A highlight from 683:Binance Exits Russia & SECs High-Stakes Terraform Probe
"Good evening, and welcome to The Crypto Overnight -er. I'm Nick Ademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Thursday, September 28th, 2023. Welcome back to The Crypto Overnight -er, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight, we're diving deep into the intersections of law and crypto. Whether it's Binance cutting ties with Russia, the SEC's ongoing tussle with Terraform Labs, or the courtroom drama unfolding around Sam Bankman -Fried, legal battles are shaping the landscape. But that's not all. Central banks are toying with DeFi, while PayPal is making strategic crypto alliances. It's a jam -packed night tonight, folks. Let's get started. Binance sold its entire Russian business to ComEx. This move comes as Binance faces mounting legal risks in Russia. ComEx is a newly -launched crypto exchange. It offers a wide range of products, including Spot, Futures, and P2P services. Binance's chief compliance officer, Noah Perlman, stated that operating in Russia is not compatible with Binance's compliance strategy. He said they're focusing their energy on the 100 -plus other countries where they operate. Binance assured that all assets of existing Russian users are safe. The offboarding process may take up to a year. Binance will work with ComEx to migrate its assets. Unlike other international deals in Russia, Binance will have no ongoing revenue split from the sale, nor does it maintain any option to buy back shares in the business. Last month, Binance removed five sanctioned Russian lenders from its site. The Wall Street Journal reported that Binance was helping Russians move money abroad. This came after U .S. Justice Department investigations into whether Binance had been used by Russians to evade U .S. sanctions. Binance CEO, Chengpeng Zhao, took to Twitter to clarify some points. He said that ComEx does not service U .S. or EU users. They have IP address checks and KYC blocks in place, which was something that Binance asked for in the deal. CZ also clarified that he holds no shares in ComEx and didn't financially benefit from the deal. CZ also mentioned that some former Binance team members from the Commonwealth of the Independent States may transition to ComEx. He thinks that's a good thing. The sale of Binance's Russian unit to ComEx is a significant move. It speaks volumes about the regulatory landscape crypto businesses are navigating in. Binance's decision to exit Russia is a clear sign that the exchange is taking compliance seriously, especially in the face of U .S. sanctions and ongoing investigations. This could be seen as a strategic retreat to focus on markets where the regulatory environment is more favorable. CZ's denial of ownership in ComEx is noteworthy. It dispels rumors and adds a layer of transparency to the deal. The fact that ComEx will not service EU or U .S. users is also significant. It shows that the new exchange is taking a cautious approach to compliance, likely to avoid the pitfalls that Binance itself encountered. The offboarding process for existing Russian users will take up to a year, which raises questions about the logistics and security of such a transition. That's a long window that could be exploited if not managed carefully. The absence of an ongoing revenue split or a buyback option in the deal indicates that Binance is cutting ties with Russia in a very final manner. This isn't a temporary measure, but a calculated exit. It's clear that Binance is tightening its compliance strategy. They're exiting a market fraught with legal risks to focus on more compliant operations. Even giants like Binance have to play by some rules or at least know when to exit the game. All right, you've just heard about Binance's tactical exit from Russia, a development that cannot be ignored. Compliance is the new battlefield and it's reshaping the crypto world. But while Binance is navigating Russian law, let's pivot to U .S. shores where another legal battle is simmering. Make sure to hit that like button and subscribe to stay updated.
Fresh "Nicks" from WTOP 24 Hour News
"Pronounced dead at the scene. In Woodmore Road between Pleasant Road and Waterford Mill Road will be closed while police investigate. Stay with WTOP. We'll update you with traffic and on weather the 8th. A dispute over toll increases in Northern Virginia now involves the state's attorney general. He tells WTOP he is against plans right now to raise toll rates on the privately owned Dulles Greenway. The number one reason why people move out of Virginia is cost of living. Virginia Attorney General Jason Miyares says that's one reason why he doesn't support the proposed toll hike. The company that owns the Dulles Greenway is is asking asking for a 40 % increase in rush hour toll rates in order to reduce debts that has gone up as fewer people have to utilize the road. It's getting harder and harder for everyday Virginians to earn a living. Miyares tells WTOP that his paid. office He will formally object to the proposed increase by providing testimony to the Virginia State Corporation Commission, a regulatory agency that will ultimately decide whether or not the increase will be approved. Miyares says the likely come in January. Nick Ionelli, WTOP News. You are listening to 103 I'm FM, and WTOP .com Sports at 25 and WTOP News. By Red River, technology decisions aren't The Nationals started slow in Atlanta, but it was a Georgia boy who started a long range barrage.
A highlight from Andrew Marchand on MNF, McAfee, Swift/Kelce Coverage & More
"Sick of paying $100 for groceries and getting nothing but eggs, orange juice, and a paper bag? Then download the Drop app. Drop lets you earn points with your everyday shopping and redeem them for gift cards. Want a free dinner with those groceries? Drop it. How about daily lattes? Drop it. So download Drop today and get $5 just for signing up. Use invite code getdrop777. How rude, Tanneritos. A Full House rewatch podcast is here. Join us as hosts Jodie Sweetin and Andrea Barber look back on their journey together as the iconic characters we all love, Stephanie Tanner and Kimmy Gibbler. Here's a quick preview brought to you by the Hyundai Tucson. We spent our entire childhoods on a little show called Full House, playing frenemies, but becoming besties whenever the cameras weren't rolling. And now 35 years later, it's our biggest adventure yet. You can listen to How Rude Tanneritos on the iHeartRadio app or wherever you get your podcasts. Brought to you by the Hyundai Tucson. It's your journey. Welcome, everyone, to SI Media with Jimmy Traina. Thank you so much for listening. The usual periodic check in with Andrew Marchand from the New York Post this week. He joined the pod to talk about a variety of topics in sports media. We get into the ABC ESPN Monday Night Football staggered star double headers. We get into how ESPN and the ESPN and Pat McAfee marriage is going. Deion Sanders stuff. How the media has handled Taylor Swift and Travis Kelsey. What's going on with WWE and Monday Night Raw most likely looks like it's going to be on the move. Andrew had some stuff on that. A couple of things about local New York radio. So a bunch of sports media topics with Andrew Marchand on this episode. And then Salicata joins me as he does every week for our train of thought segment. Where we get into some NFL things about the Eagles. Should the NFL ban the Eagles one yard play. Joe Namath and Lou Holtz making headlines. Get into these ridiculous prop bets on Taylor Swift and Travis Kelsey. And Sal has a rough Sunday coming up. So if you're a fan of the train of thought segment, you'll want to hear that. Before we get to the full episode. I want you to make sure you listen to past episodes. If you've missed any and make sure you subscribe to us. I media Jimmy trainer. We've had a great run of guests. Kevin Clark from ESPN was on the show last week. Scott Hansen hosted the NFL Red Zone channel two weeks ago. Julian Edelman three weeks ago. Charles Barkley, Peter Schrager, Chris Russo, all recent guests. So if you missed any of those, give them a listen, download, subscribe to the pod and leave a review on Apple. We'll read it on an upcoming episode. All right. Andrew Marchand from the New York Post, followed by Salicata and train of thought. It's all coming up right now, right here. On S .I. media with Jimmy trainer. All right, training me now. S .I. media podcast regular. This periodic visit from the New York Post. And the March and Iran podcast is Andrew Marchand. Andrew, how are you? I'm good. How you doing, Jimmy? I'm good. I just realized I didn't put my phone on do not disturb. So I'm going to do that as we speak. And I'm going to let you know that I had a reader last week for my mailbag column on S .I. com, send it an email and said, when is Marchand's next appearance? So here we go. You made someone happy. Thank you that person. You made someone happy by coming on today. Let's start with this. A lot of media news to get to. Have you heard anything from ESPN or do you have any intel about how they feel about the last two weeks? How the staggered Monday Night Football doubleheader has gone? Because I've gotten a lot of emails and tweets about it. I'm sure you have as well. Yeah, I haven't talked to anybody specifically about how they feel about it. I mean, it is an NFL decision. ESPN is not in control of how those games are scheduled. Maybe they have some say, but it's the NFL decision. Yeah, I don't like it. Actually, in our podcast with John, it was my who's down this week. And the reason I just feel like I kind of said this on our part, it's too it's like having two quarterbacks and you have none. Right. And now if you have Joe Montana and Steve Young, there are two awesome games. Maybe that'd be better. But I just find my attention split and I don't know. And even at like halftime, I wouldn't recommend you go to the other game. Like I get what they're trying to do there, but it's not the NCAA tournament. And usually it's in like the second quarter, third quarter. So I personally don't think it really works that well. Now, I think they want to avoid I'm not positive, but I think they want to avoid that 10 30 late window. We used to get the Monday night and you get the, you know, crazy crew, either Chris Berman or Golick and Greenberg, you know, some of those crews back in the day. They probably don't want that late night game where, you know, you're losing that East Coast audience if it gets too late. But I don't know. I don't think this necessarily works. See, I like it. And what are the tweet? What are the tweeters say? Most people seem to not like it. Yeah. And why do you like it? The more the merrier. Give me as much football as possible. If I can watch eight games at one o 'clock on Sunday and four or five games at four o 'clock on Sunday, I can handle two games on Monday night. So, you know, I have two TVs. I put one game on each TV and two is better than one for me. That's just how I feel. Yeah, I've been a little running around these last couple of Mondays when this happened. So I may be a little bit, you know, my opinion skewed a little bit by that. It hasn't just been like I'm just chilling and watching, been running around a little bit. So perhaps that's, you know, maybe I could be swayed. I will say, you know, I don't know. This is a whole separate discussion. I would love to know your take on this, but I always feel like it's a little tough sometimes to criticize people in this podcast when I also have to book this podcast. So I try to be careful. Yeah, I notice you're very soft. That's what you're trying to say. Sometimes. So I'm sure this guy will never come on again, but they gotta do better than Chris Fowler on the secondary game. Just not, it's just not working. Chris is not a great play -by -player. Right. He was a great host, studio host. Can I say one thing? Yeah. He's on tremendous tennis. Like I watch the U .S. Open every single day. I think he's great on tennis. It's football where it's just something feels off. Well, tennis is also slower. And like you look at people who do really well at the slower sports. Like, you know, Jim Nantz is better than Chris Fowler, but Nantz is really his best thing is golf. And I think he's an OK NFL play -by -player. And at the end of his college basketball run, he was definitely, I don't know, OK is probably, you know, he was OK there as well. And I think if you look at Fowler and his history, now he's been doing play -by -play for a while now. And he has gotten better. Like when he first started on the number one crew, I mean, if I were covering it then, that would not, I probably would not have been that kind. Because he has gotten better, but it's not really good enough. And he's the rare case, I think with Herb Street, that Herb Street makes him better. Usually it's the play -by -player who makes the analyst better. And yeah, I think you're right. And I also think, you know, in fairness to Fowler, you know, ESPN put that crew together. They replaced Levy there and they had a year or two under their belt together as a team. And, you know, not the full team, but him and Riddick, Levy and Riddick, and then Jadolowski. And I think they kind of don't, they underestimate chemistry. It takes time to build it up. And so I think that hurts. And he just, he's a college guy too. It's hard just to come into the NFL. I know he, you know, he's talked how hard his schedule is with the U .S. Open. And then, you know, doing a game a couple days later. And then doing a college. And so, you know, that's hard. And so, yeah, he's not a tremendous play -by -player. To me, this is just me, it felt like when ESPN gave him that gig, it was more about ESPN trying to impress the NFL. Like, look, we have our number one college game. Like you had said earlier, the secondary Monday night game for years was, you know, Golic and Greenberg and Chris Berman with a cast of character. Rich Ryan did it one year. I think this is ESPN trying to say to the NFL, because now they have a Super Bowl and they have this big contract. And, you know, they brought in Buck and Aikman. Like, we're serious, we're going to take our, regardless of what you think about Fowler, he's their lead college guy. So, I feel like they're like, oh, look at us, we're putting the lead when, you know, that. Yeah, I think they screwed up and I think they know they screwed up. I think that they ended up shifting who was in charge of the NFL. It was Stephanie Drewley. And they moved her off the NFL after, you know, I think that didn't help her cause in terms of staying on the NFL. I think they were satisfied with Levy. He was a good guy, which they value. After they brought in Joe Buck, he was very gracious. You know, Levy's a very good hockey guy, especially studio host. I thought he could have, you know, could have been the pregame show on Monday Night Football. He's in, again, not their, in my opinion, they had other people who are better play -by -players for football, but it was good. Like, so, yeah, I don't think it was to impress the NFL. They got Joe Buck and Troy Aikman. They got the Mannings. I mean, they spend, they're spending 50, 60 million dollars a year on their booths. Like, I don't think the second team booth is gonna, you know. If anything, I think it was, there was a thought before Buck and Aikman that Fallon and Herb Street might get the NFL. Might get Monday Night Football. Might get the potential Super Bowl. And then this is kind of a carrot since they didn't get it. But I'd argue, and I even talked to Chris Fowler about this. So, I don't know if this is the case. I just don't know if, I mean, Chris Fowler does the national championship. He does the biggest college game every week for Disney. I can't, like, I get it. Maybe he wanted to do NFL. But is this really gonna satisfy him because you're doing a second game, which generally aren't that great? I don't, I don't see that long -term, personally. And I think also, strategically, if I'm ESPN, I'm putting a young play -by -player. Now, Joe Buck, we both think it's great. Like, he and Ian Eagle are the best two play -by -players going right now. And, um, but, Joe Buck's contract's up in a couple of years. If I'm ESPN, and I, you know, I think they'll probably re -sign Joe Buck, and they should. That said, he makes a lot of money. And, you know, I would be saying, who can I develop? What young guy can I develop? So when I go into that negotiation, I really have somebody who's on the rise. And I can say, hey, look, you don't want this, you know, the 15 million a year? Then we'll go here, you know? But if you start demanding, I'm not saying this is going to happen, but, demanding even more and more money, I'd want an option. I don't think they've created an option. They've actually put somebody in that spot who they've already said they'd rather spend 15 million dollars on Joe Buck than have Chris Fowler as the lead play -by -player. So, I just think negotiation -wise, and strategically, in terms of saving money, it wasn't a great decision. Yeah. I don't understand the insistence on the three -person booth, either. They had Fowler, Greasy, and Riddick. Excuse me, excuse me. Levy, Riddick, Greasy. Now it's Fowler or Lofsky, Riddick. To me, that, and, Fowler's used to a two -person booth with Herb Street. They have Buck and Aikman, which is a two -person booth. I don't understand the insistence on the three -person booth. It's just, for football, it just, I don't get it, but, that's just my - It complicates, it over -complicates it. Yeah. And like you said, chemistry. I think it's much harder to develop a chemistry with three. I mean, you know, the local Mets situation is different with Gary Cohn, Ron Darl - Is it in baseball, is it football? What three men, can you name - I mean, I guess back in the old Monday Night Football days, there were three men booths that had - Yeah, Collinsworth and Aikman with Buck that one year. Yeah, one year it lasted, you know. So, I don't know. But, there's no more staggered double -headers. The next one is week 14, and both games will start at 8 -15. I think that's the one that's going to piss a lot of people off. But, that's a long way down the road. You got the two TVs. Yeah. I asked you if ESPN, how they feel about Monday Night Football. Anything you've heard about how they feel about their new partnership with Pat McAfee. I mean, it's early, but they're bullish on it. I mean, they've kind of handed the keys to the network to McAfee. I mean, you can't - it's kind of like Stephen A. now. You can't really turn on ESPN almost every day except basically Sunday without seeing Pat. And so, you know, I think initially the ratings weren't that good. I think they got a little better in terms of the TV ratings. I think that kind of makes some sense because if you think about it, he was a YouTube show. Yeah, he's got to play for TV. Yeah, and he's still a YouTube show. Well, it is a play for TV because they think that they had Max in there before. They think that the ratings will be high enough that they'll be able to charge more for the ad rates. I guarantee you the money they'll make off of McAfee on social media and YouTube will be 8 billion times more than the money they made off Max Kellerman on social media. Oh, 100%. No, you're right. No, you're right. There's no doubt about that. And look, they want to get, I will say this, like, does it work? I think a lot of times when companies make big moves, you know, big time moves, a lot of times they make those moves when the person's kind of towards the end, you know, they got McAfee on the rise. Like, you know, we, you know, you and I have been aware of McAfee for years now, but he's really like, you know, here, I don't think he's at the plateau, you know, where most people go up and then they plateau and then they go down. He's at, he's still, I think, going up and then maybe the plateau is on the horizon and you can plateau for 20, 25 years if you have the right attitude and personality and just have the right act. So that's where I think that makes a lot of sense as a bet because it's not, I'll hit one close to home, Rick Riley leaving ESPN. I mean, leaving SI for ESPN where, you know, Rick Riley is one of the great columnist ever, but at that point, you know, whatever, maybe it was the internet, I don't know exactly. It just didn't really work as well at ESPN as it did at SI. And so I just think they've done that and that's kind of, you know, teams do that in sports and I think sometimes networks do that. And so I feel like signing McAfee in his mid -30s is kind of like signing a baseball free agent who's in his mid -20s and I think that's what you want to do as opposed to getting a, signing a 35 -year -old and, you know, thinking they can still play, you know, like, I don't know, like a Josh Donaldson, maybe trading for someone like that, Jimmy. You see what I did there? I don't need reminders of the horrific Yankee season. I just did that on purpose. I don't need that. My head was going, who am I going to say? All right, yeah, Josh Donaldson, but it was a treat. Just a, yeah, you want me to say Brian Cashman should be fired. It's amazing too, they replay that. I didn't know this was going to be the situation going into it, but they replay the show as soon as it's over, I think, on ESPN 2 and then they replay it at night on maybe ESPN News or one of their, what you said about if you're going to put on one of the ESPNs at any point in the day, you're going to see Pat McAfee. Yeah. So that's good for him. Like I, you know, people feel like - But I also think, ESPN has to be, they have Aaron Rodgers on their air every week. It's a news making thing that's on their air every week. They've got Nick, he's got Nick Saban on his show every week. Yeah. That's a news making thing every week. I would think ESPN has to be, forget the numbers because the numbers, I think, will be there. It's still a new thing. You have, the ESPN audience is older, the McAfee audience is younger, it might take some, but I would think ESPN just on the brand and the cachet of that show has to be thrilled. I think so. I mean, but if you talk, like I have, again, I'll probably make some calls here in the near future, but so I haven't talked specifically with anybody about that. But generally speaking, when these things first start, everyone loves it. So then we'll see. Again, I'm not saying, I could see it either way. Like, you know, McAfee has not really stayed at any of these, throughout any of these contracts he's had. So that's something to watch. Maybe this one he does, but that hasn't been the case previously. So that is something. I think the fact that he's on game day has to help the relationship there a little bit with ESPN. Here's the thing about McAfee. If you're managing him, in my opinion, and it's like Casey Jones, the former coach of the Celtics, was known for just throwing out the ball and telling McHale, Parrish, and Bird to go play, Dennis Johnson. At least that's how I remember as a kid. That was his reputation. And I think McAfee is sort of like that. Just give him the ball, let him do his thing. He's not looking to, you know, for some strategy. Let's, you know, triangle offense. He's not looking for that. He's looking for, let me do my thing. I know what I'm doing. And the thing about McAfee is he's very smart. Like, I know he plays this, like, he's not smart thing. It works very hard. He works hard and he's very smart. He's very savvy. He acts as if, like, you know, maybe he's, you know, just a dumb jock. But he understands the media business very well. We need, we need to discuss the Kelsey Taylor Swift thing because I actually think it's a legitimate media story. If Fox is going to get these increase in their demographics of the female audience, the young people, the NFL has gone all in on this thing. I mean, they changed their Twitter header to, like, a Taylor Swift thing. They're putting out Travis Kelsey Swiftiest plays on their social media. He's gained, I guess, a ton of followers, the jersey sale. Let me start with this. How did you think Fox handled it on Sunday when she was in the stadium? Do you think they overdid it? Do you think the fact that they had an unwatchable game takes them off the hook? What was your take on the Chiefs -Bears on Sunday when she was there? I think the second part, and I wouldn't take them off the hook, but I think the second part, you have an unwatchable game that you had to switch most of the country out of because it was so non -competitive, that you have Taylor Swift there, it's a big deal. And, you know, there's a lot of Taylor Swift fans who are football fans, a lot of non -Taylor Swift fans who weren't watching that game, but it was a talking point, right? Like, I saw Taylor Swift in the concert this summer, but that was kind of - Look at you! Yeah, how do you like that? Look at you! You couldn't even get tickets. Big shot. Where'd you get tickets? My daughter's friend just won the lottery. No shenanigans. Oh, really? Tickets were $235 each, which is still a lot of money, but not, like, $1 ,000. And it was just kind of happenstance, how I ended up going. I was going to say, if your daughter's friend got tickets, how did you end up at the era's tour? I mean - Were you, like - It's just a long drive to get to the metal lands, didn't want them driving back. They're older, they can drive, but at, you know, one o 'clock in the morning from Taylor Swift, so - But you were in MetLife and watched the show. Yes. Friendship bracelets? Well, you want to know something funny? This is a good one. So, my daughter's friend said to me, do you want a - do you want a jewel? And I'm like, no, no, no, I'm okay. Thinking she's saying a jewel, like a jewel, smoke. But she was saying, like, to, like, get bedazzled, a little jewel, which I would have taken. So later, I was like, I told my daughter, I said, but your friend, she said she asked me if I wanted a jewel. She's like, no, no, she didn't say you wanted a jewel. She said, do you want a - a jewel to put some ju - you know. Right. I didn't have any bracelets, but I was into - I liked Taylor Swift. I wouldn't go again. I kind of felt bad being there, because there's people who give their left arm to be there. But it was - look, she is an unbelievable performer. I mean, it was - you could - first of all, I liked some of her songs. Secondly, the level of performance. It was just, you know, it was an A+. I mean, that - that - and that is something, even if you didn't like her music, you can appreciate it. And also, I appreciate it if I had to go to the bathroom. Easy pass right in there. No one. Right. No one's leaving their seat except for people like you who aren't in it. Yeah, and especially, yeah, and more skewed women.
Fresh update on "nicks" discussed on Spellcaster: The Fall of Sam Bankman-Fried
"That there was going to be a lot of pain coming. This was going to be the Lehman Brothers moment. Baker Nick at CoinDesk had been part of the team that first put out the story about the balance sheet. Thanks for watching. The scoop he had was that Binance, after reviewing the financials at FTX likely was not to actually go through the purchase. CZ was walking away from the deal. My jaw dropped Sam's lifeline seemed to be slipping out of his grasp. The Financial Times said he sent CZ a groveling text. Hey, we are still extremely excited to work this on with you guys. We're obviously seeing a lot of public pieces coming out claiming leaks. But we obviously don't know if that's real. We would love to get clarity from you guys on this and we are willing to do anything to make this work. CZ responded. It was short and brutal. Sam, we won't be able to this continue deal. Way too many issues. CZ. The Binance Twitter account made it official As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds, and alleged US agency investigations, we have decided that we will not pursue
A highlight from 682:SECs Power Struggle: Congress, ETF Delays, and a Pivotal Hearing
"Good evening, and welcome to The Crypto Overnight -er. I'm Nick Ademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Wednesday, September 27th, 2023. Welcome back to The Crypto Overnight -er, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight, we're diving into the SEC's ongoing tango with the crypto industry. From Gary Gensler's controversial stance ahead of a congressional hearing to the SEC's foot dragging on Bitcoin ETF approvals, the regulatory landscape is becoming a battleground. And don't think Congress is sitting idle. They're stepping into the ring, demanding answers and action from the SEC. Buckle up, it's going to be a rollercoaster of a night. US Securities Exchange Commission Chair Gary Gensler has been vocal, and his recent statements ahead of a congressional hearing are stirring the pot. Gensler testified in front of the House Financial Services Committee, and we're going to get to his testimony in a bit. He's holding fast to his stance that most cryptocurrencies and crypto firms fall under federal securities laws, laws that, mind you, have been on the books for decades, according to his testimony. Gensler's view is a direct challenge to the crypto industry's ethos of decentralization and financial freedom. He likens the current state of the crypto market to the 1920s, before federal securities laws were in place. A comparison that's not just a stretch, but a leap back in time, ignoring the innovative nature of blockchain technology. Again, during his testimony today, he reiterated his belief that Bitcoin is not a security. He stopped short of saying that Bitcoin is a commodity. When he was asked if he believes that Bitcoin is a security, Gensler responded that he, the SEC staff, and prior chairs have said that it does not meet the Howey Test. However, he was reluctant to say that Bitcoin was a commodity during a follow -up question. When talking about Bitcoin's categorization, he said, quote, the test is otherwise for other laws. Again, refusing to answer the question. Gensler is not without his critics. Patrick McHenry is the chair of the House Financial Services Committee. He was the one asking questions about Bitcoin and receiving non -answers in return. McHenry accused Gensler of lacking clarity, and McHenry's point is valid. How can you punish digital asset firms for not adhering to laws when it's unclear if those laws even apply? It's like being ticketed for speeding when there are no speed limit signs. On the other side of the aisle, some Democrats like Maxine Waters are siding with Gensler. They believe that existing securities laws can work for crypto firms, but let's be real. This isn't just about regulation. It's about control. The government wants a piece of the crypto pie and they're using outdated laws to stake their claim. The House Financial Services Committee has advanced two bills. One aims to transition a digital asset from being a security to a commodity. The other looks to regulate stable coins. Both are clear indicators that lawmakers are scrambling to catch up with an industry that's already miles ahead. While Gensler was testifying, crypto entrepreneurs were in Washington for Coinbase's Stand With Crypto Day. They met with lawmakers and discussed how crypto is creating jobs. It's a counter narrative that needs to be heard, especially when the SEC is painting the industry as the Wild West. The SEC, under Gensler's leadership, is pushing for crypto compliance based on antiquated laws. That not only stifles innovation, but also contradicts the very principles that make crypto a beacon of financial freedom. And as the government tries to rein in the crypto world, the industry is fighting back, making it clear that they will not be easily tamed. Gensler's testimony is a pivotal moment for the crypto industry. His unwavering stance that most cryptocurrencies should be regulated as securities is a red flag. It's a philosophical clash with the ethos of decentralization that many in the crypto community hold dear. Gensler's comparison of today's crypto landscape to the 1920s is a thinly veiled warning. He's essentially saying that the crypto industry is a Wild West that needs taming. Now let's not forget, the crypto industry isn't Wall Street. It's a new frontier with its own set of rules and innovations. But Henry's criticism of Gensler is noteworthy. It reflects the frustration that many feel about the SEC's unclear guidelines. How can crypto firms comply with laws that aren't explicitly defined for them? It's like being asked to read a book, but the pages are blank. The advanced bills are a mixed bag. While they offer some regulatory clarity, they also paved the way for more governmental oversight, which could stifle innovation. As we unpack the SEC's heavy handed approach, it's clear that the regulatory web around cryptocurrencies is tightening. Gensler's testimony is sure to fan the flames of the ongoing debate on governmental control versus financial freedom. But folks, this isn't the only arena where the SEC is flexing its muscles. The SEC's recent move to extend deadlines for Bitcoin ETF applications from ARK21 shares and GlobalX is emblematic of the same regulatory hesitance. It's a systemic issue. The SEC's rationale, market manipulation and weak investor protections. But as many of you know, the real crux of the matter is control. The same control that the government is keen on exerting over the broader crypto space. And let's not overlook the timing here. While Gensler prepares to defend his stance in Congress, the SEC is simultaneously delaying decisions on Bitcoin ETFs. And why? All under the shadow of a looming government shutdown, adding another layer of complexity to this regulatory maze. And it's not just individual critics or lawmakers putting the SEC under the microscope, it's the entire crypto industry who is watching and waiting. Which brings us to the SEC's recent move to extend deadlines for Bitcoin ETF applications from ARK21 shares and GlobalX. Another chapter in the ongoing saga of regulatory hesitance and it's happening as the US government teeters on the brink of a shutdown. ARK21 shares and GlobalX had their hopes dashed when the SEC pushed back its decision deadlines. ARK's new deadline is January 10th, while GlobalX has until November 21st. This isn't the SEC's first radio. They've got 240 days to make a call after starting a review. But this time they've acted well before their interim deadlines. Why the rush? That looming government shutdown might be the culprit. ARK Investment Management and 21 shares have been in the game since 2021. They faced SEC rejections before. GlobalX is a newer player. They aim to offer investors a safer way to get Bitcoin exposure, but the SEC isn't biting. True to form, they cite market manipulation and weak investor protections as the reasons for their reluctance. Now, a federal court recently called the SEC arbitrary and capricious in its ETF decisions. Despite this, the SEC is continuing to drag its feet. ARK's CEO, Cathie Wood, expected this delay. She believes the SEC will approve multiple Bitcoin ETFs at once, if at all. Meanwhile, the SEC is also reviewing applications from big names like BlackRock, Fidelity, VanEck, and Invesco. ARK21 shares was leading the pack, but now it's anyone's game. The SEC's hesitance is a sign of the regulatory uncertainty that's stifling innovation in the crypto space. And as the government faces a potential shutdown, this regulatory limbo could extend even further. So really, this shutdown could not have come at a worse time. But shutdown or no shutdown, the SEC has been dragging its feet on crypto for years. So let's be real. This is less about protecting the investor and more about maintaining control over a financial system that's rapidly evolving without them. The recent court ruling that called the SEC's past decisions arbitrary and capricious is a signal that their time of unchallenged authority is coming to an end. Cathie Wood expects more than one Bitcoin ETF to get approved eventually, and she's probably right. The SEC can't hold back this tide forever. And they need to be careful because first mover status brings a huge advantage in this kind of market. The delay might be frustrating, but it's also a sign that the SEC is feeling the heat. They're running out of excuses and with each delay, they're losing more credibility. So while we wait for the SEC to make up its mind, the crypto community gets stronger and the traditional financial system gets a little more nervous. The clock is ticking and it's not in the SEC's favor. While the SEC continues to drag its feet on Bitcoin ETF approvals, citing concerns that many in the industry see as smokescreens for control, it's not just the investors and financial firms that are losing patience. The political arena is starting to bubble with dissatisfaction and it's coming from both sides of the aisle. In fact, recent court rulings and bipartisan demands indicate that the SEC's longstanding resistance to crypto innovation is reaching a tipping point. Lawmakers have decided they've had enough of the SEC's hesitation and are now stepping into the ring guns blazing. And trust me, they're not missing words. A bipartisan group of lawmakers urged Gensler to approve the listing of spot Bitcoin ETFs immediately. This comes after that court ruling we were talking about involving Grayscale Investments. Grayscale secured a win when three judges in the US Court of Appeal ruled that the SEC had to re -review its bid for a spot Bitcoin ETF. This was after Grayscale sued the SEC for rejecting its proposal. This exposed the SEC's double standard. The court specifically addressed the SEC's differential treatment of spot Bitcoin ETFs in similar funds based on futures contracts. The lawmakers argued that a spot Bitcoin ETF is indistinguishable from a futures Bitcoin ETF. The lawmakers in question are representatives Mike Flood, Tom Emmer, Richie Torres, and Wiley Nickel. They argued that a regulated spot Bitcoin ETF would increase investor protection by making access to Bitcoin more transparent and safer. They sent a letter to Gensler, stating that Congress has a duty to ensure that the SEC approves investment products that meet requirements set out by Congress. During Gensler's testimony today, McHenry did not mince words. He called out Gensler's lack of responsiveness as unacceptable, which is funny because the SEC, the very agency tasked with enforcing transparency, is itself under fire for being opaque. The irony is palpable. McHenry's frustration isn't isolated. It's part of a broader sentiment that's been building up for months. The SEC has been aggressive in its enforcement actions against various crypto entities. Yet it's the same agency that oversaw one of the largest financial crimes in U .S. history, and within the crypto industry, no less. Congress wants answers, and they want them now. They specifically targeted Gensler's communications with FTX. McHenry said, quote, "'You refuse to be transparent with Congress regarding your interaction with FTX and San Bankman Free.'" Now, this is crucial. FTX was a major player in the crypto space, and any interactions between it and the SEC could have far -reaching implications. I remember back then that people were accusing SBF of setting things up with the SEC to be more favorable to FTX than the competition. McHenry revealed that the committee made multiple requests for documents from the SEC. Seven months pass, they've received zilch. Not one single non -public document. McHenry's patience is wearing thin, and he's made it clear that the SEC is not above the law. McHenry is calling for a path forward, one where the SEC is responsive to congressional requests. If not, they're looking at the first congressional subpoena issued to the SEC. This showdown is a reflection of the growing distrust between regulatory bodies and those who hold them accountable. And let's not forget, this is happening in the backdrop of a crypto industry that's already skeptical of centralized authority. McHenry's ultimatum to Gensler is a significant moment. It's a challenge to the SEC's authority and a call for greater transparency in an industry that values it above all else. The ball is in Gensler's court. Will he play or will he forfeit? Either way, the crypto community will be watching closely. The SEC has been all too eager to slap lawsuits on crypto companies. Yet when it comes to their own dealings with FTX, one of the industry's major players, they're as tight -lipped as a sealed vault. What are they hiding and why is it taking a congressional threat of a subpoena to get some answers? McHenry's frustration is palpable and frankly justified. The SEC is supposed to be accountable to Congress and by extension, the American people. Their lack of responsiveness is not just unacceptable, as McHenry puts it, it's a breach of public trust. And let's not forget the irony here. The SEC, which has been so keen on enforcing transparency in the crypto world, is itself becoming opaque. This isn't just hypocrisy, it's a red flag. If the SEC can't be transparent about its interactions with FTX, how can we trust them to regulate an industry that's all about decentralization and transparency? The bipartisan push for immediate approval of Spot Bitcoin ETFs is a significant development. It's not just a win for the crypto community, but it's also a slap in the face for the SEC. The agency's inconsistent stance on Bitcoin ETFs has long been a point of contention. The court ruling in favor of Grayscale adds legal weight to the argument that the SEC's current position is, in fact, untenable. What's even more intriguing is the bipartisan nature of this push. In an era where political divisions run deep, the united front from both sides of the aisle speaks volumes. It suggests that the benefits of a regulated Bitcoin ETF, increased transparency and investor protection, are universally acknowledged. As I have long said, if crypto becomes a left versus right issue, both sides will lose. So it's good to see the left and the right working together on something for once. The SEC's reluctance to greenlight Spot Bitcoin ETFs is a blockade on financial innovation. This is especially glaring when you consider that futures -based Bitcoin ETFs have already received a nod. This differential treatment is not only consistent, but also discriminatory. Gensler's oversight hearing was a pivotal moment. The lawmakers are not just asking for explanations, they're demanding action. And given the court's ruling and the mounting pressure from Congress, the SEC might finally have to yield. This is not just about one type of financial product. It's about the broader acceptance of cryptocurrency in the financial ecosystem. A Spot Bitcoin ETF could serve as a gateway for mainstream investors, making it easier for them to enter the crypto market. And let's not forget, easier access means more capital inflow, which could significantly impact Bitcoin's value, and by extension, the entire crypto market. So what happened? In the showdown between Gary Gensler and Patrick McHenry at the House Financial Services Committee, the SEC's stand on regulating most cryptocurrencies as securities collided head on with the crypto industry's ethos of decentralization. Gensler likened the crypto landscape to the 1920s, a comparison met with skepticism and criticism. The SEC extended deadlines for Bitcoin ETF applications from ARK21 shares and GlobalEx, citing market manipulation and investor protection. But let's call it what it is, another play for control. And this comes amid a looming government shutdown, adding another layer to an already complex regulatory landscape. A bipartisan group of lawmakers is pushing back against the SEC's hesitance on approving Spot Bitcoin ETFs. This comes hot on the heels of a court ruling in favor of grayscale investments, adding legal weight to the frustrations with the SEC's inconsistent policies. Lastly, McHenry's calls for transparency in the SEC's dealings with FTX and other crypto entities culminate in a broader sentiment of distrust. He made it clear that the SEC's lack of responsiveness is unacceptable and even threatened the congressional subpoena. The overarching theme tonight is the intensing struggle for control and clarity between the SEC and the crypto world. On the one hand, the SEC is holding fast to ancient regulations that don't align with the ethos of the crypto industry. On the other, Congress and the courts are increasingly pushing back, demanding answers and more rational policies. This power struggle is affecting everything from how digital assets are classified to the approval of new financial products like Bitcoin ETFs. This regulatory tussle dictates the rules of the game, affecting your investments, your financial freedom and the future of the crypto industry itself. The struggle is far from over and each move has consequences that resonate throughout the crypto community. As we wrap tonight, it's clear that we're at a crossroads. The decisions being made by these institutions will either open new doors for the crypto industry or erect walls that stifle innovation and financial freedom. What's certain is that Congress is paying close attention to Gensler and exerting pressure on him to act soon, for better or worse. And that's going to do it for us tonight. I want to thank you, my listeners, because when you stop listening, I will stop talking. If you enjoyed tonight's show, then please like, follow, subscribe, leave a rating or maybe a review. And in the meantime, we'll see you tomorrow night. See you next time.
Fresh update on "nicks" discussed on Spellcaster: The Fall of Sam Bankman-Fried
"Sam's company created back in 2019. Mike started to do some calculations. Is it possible that they could sell any of it and get any out value of it or is this massively inflated and it was pretty easy to show that they owned all almost of the tokens in existence that the market for those tokens was practically zero in there that was essentially no way that they could ever realize really any of the value. In other words Alameda's billions of FTT weren't really assets at all. They were magic beans. That was not only true for the FTT token that was true for most of the tokens on their balance sheet which comprised the vast majority of the help. Mike could scarcely believe what he was looking at was real the balance sheet showed a gaping hole in Sam's books. At the very least it looked to Mike like massive incompetence but maybe it was something worse. Maybe it was fraud. Mike wasn't Bergersberg the only one who got a copy of the Alameda balance sheet. I wake up to a message saying you know I've got Alameda let's talk. Nick Baker was an editor at the crypto news site Coindesk when one of his supporters Ian Allison sent him what looked like a huge scoop. There was a lot of FTT on the balance sheet. When you consider the degree to which it made up that balance sheet that's potentially concerning. One potential interpretation of this is that they are on shaky financial footing. It meant that if the price of FTT was to fall it could take down Sam's empire. Nick realized this story needed to be rock solid. For something
A highlight from Meaner
"Hi everybody, welcome to The Dennis Prager Show. There are a couple of articles, interestingly, at the same time on a question that is worth discussing. And that is, David Brooks of the New York Times had a long piece in the Atlantic and there was another one before that and also in the Atlantic as it happens. Which is on the left but the subject is, the thesis may be on the left but the subject is not left or right. And the subject is, are Americans becoming meaner? Have you thought about that? Does that strike you as a phenomenon that's taking place? For example, the number of people kicked off airplanes for rowdy behavior, for screaming, shouting, cursing, is much more than it was in the recent past. Yeah, I think people are becoming meaner. You think people are becoming meaner? I think there are lots of reasons for that. Yeah, well that's the issue. So there are two issues. Are people becoming meaner? And if so, what would the reasons be? And sense I it too. The ease with which I see people on the road flipping off other drivers, for example, especially younger people, though I think the phenomenon is more widespread. You know, I've traveled, as many of you know, I've been to 130 countries. I've traveled abroad every year of my life since I was 18, except for 20, was it 20, 21? 20. Or 20, 20? 20, 20. 20, 20. I even went, yeah, I even went to East Europe in 2021. It was not easy to travel on. So I had developed a certain sense, and it may be completely erroneous, I don't claim that it's infallible, but I did develop a certain sense of the world's friendliest people. And I've always included Americans on that list, and very many Americans remain, of course, quite friendly. But there's a sense of tension out there, and it's hard to put one's finger on it. I'll tell you one thing that may be related and may not be, because there was yet another article that I was reading, and that is with regard to service by the airplane or airline industry, that they're shifting as much as possible to artificial intelligence chats, which I find, personally, I find useless. Some airlines have abandoned human interaction completely, which is, by the way, another subject that I will cover. I doubt many listeners know this, but the only example I remember in my life of being for government intervention as opposed to non -intervention with regard to business was the airline industry. It was done, I believe, under Ronald Reagan, and I did not believe… Oh, it was Jimmy Carter, yeah? Well, at least it shows that I wasn't partisan in my outlook. But of course, the conservatives supported it, and I totally understand why. You don't want to regulate industry. But I remember thinking, if the airlines start competing solely on price, then I don't know how the excellence of the airlines will not be diminished. Do you ever see, for example, do you see… I don't watch TV, so are there airline ads on TV? Are you aware? You know, Fly American, Fly Delta? You don't watch TV either. Zach, you live in front of the television. Right, so are there airline ads, Fly Delta, Fly American? Yes. There are? That's fascinating. I wonder why, because in so many cases you have no choice. I mean, those of you listening in St. Paul and Minneapolis, Twin Cities, if you don't fly Delta, essentially you drive to a city that you can have some options for. seats So the got crampier. They no longer serve meals. It's very, very hard to get somebody on first try if you call in to the airline, and that's because everything is devoted to the bottom line. Now, I don't lose perspective. I know how lucky I am that I fly first class, and my height I have essentially no choice. But I was on that… when was it on? Which airline? Oh, JetBlue, yes. I flew JetBlue from Fort Lauderdale to L .A. Saturday night. And room the in the first row, which has always had a lot of rooms, the bulkhead in first class, it was a little more than the somewhat roomier seats in coach. And the flight attendant was very open. She said, oh yeah, they reconfigured the plane, so there's just less room in the seats. This was first class. Because you make more money if you sell more seats. It's obvious. So, back to the issue of the meanness, and the many articles about it. The question is why, if it is happening, and if it is, that's a very, very bad sign in America. How America got mean is the article. And it begins here, in a culture devoid of moral education, generations are growing up in a morally inarticulate, self -referential world. his So, theory is they're not taught to be an ethical human being. Well, ethical is not the same as nice. You could be not nice and ethical. So, he calls it morally or inarticulate, self -referential world. Over the past eight years or so, I've been obsessed with two questions. The first is why have Americans become so sad? The rising rates of depression have been well publicized as have the rising deaths of despair from drugs, alcohol, and suicide, but other statistics are similarly troubling. The percentage of people who say they don't have close friends has increased fourfold since 1990. The share of Americans ages 25 to 54 who weren't married or living with a romantic partner went up to 38 % in 2019 from 29 % in 1990, a record high 25 % of 40 -year -old Americans have never been married. So, one out of four Americans 40 years old have never been married. I've reported on that. These are data that I have given you over the course of the past year. The percentage of high school students who report persistent feelings of sadness or hopelessness shot up from 26 % in 2009 to 44 % in 2021. Do you remember in high school having persistent feelings of sadness or hopelessness? No. I was talking to the usual teen. No, the usual teenage angst, of course, but this is persistent feelings of sadness or hopelessness. Yeah, I don't think we were atypical in that way. My second question is why have Americans become so mean? I was recently talking to a restaurant owner. That's exactly whom to talk to, restaurant owners. He's right, back in a moment. Natural disasters, airline cancellations and runway near misses, supply chain issues, inflation, rising interest rates and sky high government debt. This is Dennis Prager for AmFed Coin and Bullion. There's a lot in the news about what consumers cannot control. So, let's talk about what you can control. You can control how you choose to invest and protect your wealth. That's why I choose to do business with Nick Grovitch and his company AmFed Coin and Bullion. They pay time to own tangible assets like gold, silver and platinum with over 41 years experience and tens of thousands of satisfied clients. Nick will help you make informed decisions and show you smart choices which have been proven winners time and time again. AmFed Coin and Bullion will sell you the right types of precious metals to get the maximum value for your money. Take control of your investments like I did. Call Nick and his team at AmFed Coin and Bullion at 800 -221 -7694. Americanfederal .com. Americanfederal .com.
A highlight from 681:Shutdown, SEC Woes, Bitboys Scandal & Binances Regulatory Ballet
"Good evening and welcome to The Crypto Overnight -er. I'm Nick Ademus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Tuesday, September 26, 2023. Welcome back to The Crypto Overnight -er where we have no sponsors, no hidden agendas and no BS. But we do have the news, so let's talk about that. But before we get started, I'm going to apologize in advance. Autumn is my absolute favorite season and the weather is just turning where I live. So while I'm recording this, I have the windows open to listen to the rain outside. If the sounds of the rain leak into the podcast, sorry not sorry. It's my favorite weather. Tonight we delve into the high -stakes game of regulatory chess. From a looming U .S. government shutdown that puts crypto legislation on ice, to Binance's game of international regulatory hopscotch, it's clear that the battle lines are being redrawn. And let's not forget the personal dramas that sometimes spill over into the crypto world. Tighten your seatbelts, it's going to be a bumpy ride. One thing that's causing ripples across the crypto landscape? The looming U .S. government shutdown. The clock is ticking, and the shutdown could have far -reaching implications for the industry. First off, the shutdown is a result of a congressional budget impasse. This deadlock could freeze an array of federal services, including those that directly impact the crypto industry. We're talking about delayed crypto bills, folks. Bills focused on crypto regulation, market structure, and stablecoins could all be put on hold. The Financial Innovation and Technology for the 21st Century Act and the Blockchain Regulatory Certainty Act, and the Clarity for Payment Stablecoins Act are all in jeopardy. Now let's talk about the SEC. Chair Gensler warned that the agency will operate with a skeletal staff during the shutdown. This is bad news for companies waiting for decisions on bitcoin spot ETF applications. It's also a headache for companies like Binance that are in the middle of corp disputes with the regulator. More about Binance later. But it's not all doom and gloom. Anne Kelly is a former SEC official. She mentioned that the SEC has some budgetary flexibility. In past shutdowns, the SEC has stayed open for extended periods, so there is a glimmer of hope. But what about the courts? Federal courtrooms are likely to continue operating for a few weeks until they, too, run out of cash. So legal battles like the one between the SEC and Binance could remain in motion for now. Let's not forget Congress. According to Sheila Warren, CEO of Crypto Council for Innovation, a shutdown would mean, quote, forward progress on bills will be stalled. The focus of lawmakers could shift, and crypto might not be at the top of the priority list post shutdown. Which would be a shame, because crypto has been making strides with bills moving forward in the house. A shutdown could bring all that momentum to a grinding halt. This is a freeze on innovation and regulatory clarity that the crypto industry desperately needs. The SEC's role in this is particularly concerning. With a skeletal staff, the SEC's ability to make timely decisions on crucial matters like crypto ETFs is severely compromised. This could lead to delays that ripple through the crypto markets, affecting investor sentiment and possibly leading to market volatility. It's a situation that highlights the crypto industry's vulnerability to bureaucratic inefficiencies. As for the federal courts, while they may continue to operate in the short term, any extended shutdown could further slow down legal proceedings involving crypto companies. This is problematic for an industry seeking legal clarity and could result in a backlog of cases that take even longer to resolve. A government shutdown could act as a significant roadblock for the crypto industry, stalling legislative progress, affecting SEC operations, and slowing down legal proceedings. The looming shutdown is a ticking time bomb for crypto. But remember, we've weathered storms before, and we'll weather this one too. While the US plays a risky game with its shutdown clock, Binance is playing its own strategic game overseas. Ready for this? Let's dive in. And hey, if you're finding these insights valuable, don't forget to subscribe and turn on notifications.
A highlight from Pack Wisely, Hunt Confidently: A Two-Part Series with Mike Kentner and David Merrell
"This episode of RadCast Outdoors is brought to you by P .K. Lures, Bow Spider, and High Mountain Seasonings. Fish on! Hey, RadCast is on! Hunting, fishing, and everything in between. This is RadCast Outdoors. Here are David Merrill and Patrick Edwards. Well hello and welcome everybody. Back to the RadCast Outdoors podcast. I'm David Merrill. We'll have to excuse Patrick Edwards today. He is traveling on the road and I am home between hunts for a momentary break in time. I actually was out trying to fill an elk tag this morning and was rather unsuccessful at filling a tag but had a great morning anyways. Fall is in the air guys. It's definitely time to get your gear, get out of the woods, and go enjoy it whether you're fishing, hunting, hiking, or backpacking. I've asked a former guest and another guest to come join us today. I've got Mr. Mike Kentner with me. Hello Mike. Hello. Glad to be here. Yeah, we were out looking for a few elk this morning and hiking around and I twisted his arm and said let's talk about what's in Mike's backpack. As you guys know I like to go hunting and over the years gear has changed dramatically from when I first started in the mid 90s and certainly from when you first started, right? Absolutely. In the early days we carried a fanny pack, nobody carried a backpack. Nobody had the idea Everly stock came out with I think to coin the phrase go in light come out heavy to be able to pack out when you went in. The early days we never did that. It's all kind of a newer concept in my world anyway. And I started in the scouting industry doing 50 milers and that kind of stuff so I had a pretty good grasp on what you should and what weight should be on how to navigate through the mountains. I had some orienteering, some compass, some basic survival under my belt, some first aid and some safety. But you have to put all that together and then you've got to start putting your backpack together and there is so many options now compared to when I first bought a $10 book bag from Walmart and put a few things in it and went hiking around saying man this and when we harvested stuff for the most part I threw a quarter on my shoulder and went hiking down the trail or I went and got horses or a dirt bike or a quad or a four wheeler but for the most part western style stuff it was I remember getting one of the very first real hunting backpacks I got was a fanny pack style. Yeah that's what we all started with back then we carried just the basic essentials maybe something to light a fire with, stuff to take care of your game if you put something down and then if you shot anything you walked all the way back to camp empty changed out for a metal frame and went back in for your meat. Yes and those metal frames have pretty much gone the wayside. A few guys still have them there's some companies making some really cool ones now and what you mean by metal is an external just a frame pack no bag attached nothing. It had a load shelf on it you set the shelf on tight most time they didn't have straps you had to use paracord or some kind of cord to tie your meat onto the pack. Now backpacks have obviously evolved the idea of backpack hunting has evolved and we're discussing a little bit today you know when I'm going on an expedition style Everest climb style hunt I'm taking a completely different kit than I am day hunting elk from the truck. Right everything down to I may use the same frame the same base frame but my bag load will be different I use a very small bag for my day hunts like today I use a 2800 inch bag for my day hunts and you go over a 6000 for a long hunt if you're going in for five or six days or more. Now day hunting what is your backpack in a way versus when the difference between a four day hunt and a ten day hunt you only have food difference you've got the same spotting scope the same shelter the same clothes for this kind of discussion a little bit we're basically going to talk day hunt or multi day now if you're talking four day or ten day that the only difference there is you're adding six extra days of food realistically same if I'm only going two nights then I might do something different but if I'm going for four to five nights I'm doing the same thing I would be doing if I'm doing ten to twelve nights. Yeah as far as your overnight gear still is pretty much the same. So that leads me to this first question is and I used to the first year or two elk hunting here in Wyoming I took my 7000 cubic inch bag just compressed it all the way down ran it empty and hunted with that but it stuck up so much higher than my head every time I duck under something I'm getting hung up so I switched to a 1850 Icon Pro from QU years ago I'm now running the Stryker XL from Kefaru that's my day bag and it's inch and then I throw a Sherman pocket and a guide lid and a claymore so now I'm like 3000 cubic inch but I don't have that completely full and we discuss this how full do you run your 2800 in day hunt mode? My day in day hunt mode is less than half full of what I pack and then I have plenty of room for jackets clothing depending on the weather any of that kind of stuff I'm gonna have in it but my base bag with my everything to take care of game and everything is less than halfway full. So some of the things that are in mind that I can think of is I always have a small first aid kit right nicks cuts scrapes burns some aspirin and then I have a kill kit usually involves I actually really like to use rubber gloves I grew up not doing it but when you're doing multi day multi hunt multi tags it's really nice to have a pair of rubber gloves to keep a little bit cleaner while you're processing but you definitely need those game bags I run six game bags how many do you run? Usually five I keep five in there for elk and big stuff it's always five and the reason guys I'm why running more than four quarter bags is well you've got neck meat back straps tenderloins I like to keep those two separate and what I've found is when we're doing either llamas or horses it's really easy even if we're backpacking and we've got to hang the meat away from bears I like to have all four of those quarters in their own bag and then I need two more for the rest of the stuff and sometimes I even like to grab another bag to put capes in. Yeah it's nice to have one for your cape if you're in the backcountry and you think you're going to have an animal mounted it's nice to have a cape a bag for your cape go as well so I usually carry like when I shot my bull this year I had six bags in me with me at the time so I have my five I primarily put meat in and then I have one backup one for the cape to bag it in so you need a good quality bags and quite a few of them. I don't typically pack water filtration in day hunt mode sometimes I like to run an algae and a bladder bag and I just fill that up in the morning and typically that's four liters of water I can pretty much make it through a day on that much water yeah I'm starting out a little heavier but I don't have to stop and pump during the day so do you what do you do for water in typical day hunt mode? I run bladder bags two liter bladder bags and so I usually run either one and a half or one liter and a two liter or two two liter bags so I'm running three to four liters and but I do carry the small Sawyer water filtration pretty much everywhere weighs under four ounces does about a pint at a time you got to refill the bag but it is a good way to get some extra water if you need it.
A highlight from 677:FTXs $157M Suit, MiCAs EU Impact, and Senates Crypto Gridlock
"Why do tacos get their own day of the week? Is it because Mondays are so rough we need a Tuesday filled with beefy tortillas shared with good friends? If so, why don't we have Wellington Wednesdays stroganoff Saturdays and, heck, beefball Mondays? Then Mondays would just be another reason to enjoy our favorite beef with our favorite people. Together we bring more. Beef. It's what's for dinner. Funded by beef farmers and ranchers. Good evening and welcome to the Crypto Overnighter. I'm Nick Ademus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 pm pacific on Friday, September 22nd, 2023. Welcome back to the Crypto Overnighter, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight we're diving into the labyrinth of legal battles, regulatory walls, and the global maneuvers that are reshaping the crypto landscape. From FTX's massive lawsuit, to Binance's European jitters, and from the Senate's stalemate on crypto legislation, to India's tightening grip, things are heating up. Buckle up, you don't want to miss this one. FTX is suing former employees of its Hong Kong affiliate, Salamata, for a staggering 157 .3 million dollars. The lawsuit makes allegations against Michael Burgess, Matthew Burgess, and their mother Leslie Burgess, Kevin Nguyen, and Darren Wong, along with two companies they controlled. The suit says the defendants fraudulently withdrew assets leading up to FTX's bankruptcy. This 90 -day period before the bankruptcy filing is known as the preference period. During this time, these individuals allegedly exploited their connections to FTX personnel to prioritize their withdrawals over other customers. But wait, there's more. The lawsuit also claims that Matthew Burgess enlisted other FTX employees to expedite certain pending withdrawal requests. These withdrawals were made just hours after FTX halted all withdrawals on November 8, 2022. More than 123 million dollars of the total 157 .3 million dollars were withdrawn on or after November 7th. Now let's talk about the man at the center of this all, Sam Beckman -Free. Now he's currently in jail awaiting trial. His appeals to get out of jail have been rejected, and so he remains in jail as his trial approaches. What happened is the U .S. Court of Appeals for the Second Court also ruled against SBF. They found no merit in his arguments for release. The court stated that his actions likely fall outside constitutional protection. The court ruled that he likely tampered with witnesses, a claim that he denies. His trial starts on October 3rd where he faces fraud and conspiracy charges. This lawsuit isn't the first time FTX has tried to reclaim payments. They've targeted Beckman -Free, his executives, they've even gone after his parents looking for company funds. But that's not all. His day got a lot worse when Judge Lewis Kaplan blocked all of SBF's proposed expert witnesses. The defense had a lineup of seven individuals from various fields. The Department of Justice objected and the judge sided with them. The defense can't try again, but they're in a tight spot. If convicted, SBF could face over 100 years in prison. Now if you think FTX's legal woes are a storm, brace yourself. We're venturing into the choppy waters of Binance and the EU's regulatory typhoon. Smash that like button and follow us for more analysis. Now let's dive in.
A highlight from 1409: BlackRock Bitcoin ETF Will Drive $1,500,000 BTC Price
"In today's show, Bitcoin fails to recoup post -fed losses as $20 ,000 Bitcoin price returns on the radar. In breaking news, the senator who said Bitcoin can open the doors of corruption in El Salvador was indicted for corruption by the federal prosecutors who seized $100 ,000 in gold bars and $480 ,000 in hidden cash from his home. Max Keiser responded to this story. Gold is the poor man's Bitcoin. It encourages thievery, war, violence, excess stupidity like Peter Schiff and Nassim Taleb, both who turned down my offer of free Bitcoin at $1 in 2011. Also in today's show, Bitcoin blast pass is 2021 all -time high in Argentina, but hyperinflation outpaces once again. We'll also be discussing Binance and CEO CZ asked the court to dismiss their SEC suit. I'll be breaking down this latest saga as well as Bybit will suspend services in the UK following the financial regulators final warning. We'll also be discussing Nick Carter doubling down on the theory the Bitcoin was invented by the NSA. We'll also be discussing major fund managers as the BlackRock ETF will drive the price to $1 .5 million per Bitcoin as it literally unlocks $30 trillion worth of capital. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. And a quick reminder, if you gain value out of today's episode, the greatest compliment you can give, simply smash in that like button as it helps out tremendously with a YouTube algorithm. And if you're not already subscribed to the channel, you know what to do to receive daily premium crypto news alerts every single day, just like this.
A highlight from The Breaking of the Global Economy with Nik Bhatia
"You can imagine a world in which people actually have more power than institutions and governments. Bitcoin has the ultimate power in making the world a better place for people. Hello there from sunny Bedford. Hope you're all doing well. Got a nice weekend planned ahead. Obviously for me, it's going to be football weekend. We've got home games for the men's hopefully getting through to the next round. And our ladies who won every game this season, they're going to be playing some Auburn. So it's a busy weekend of football for me and obviously talking about Bitcoin to people. We've actually got a meetup at the game tomorrow. So if you get in this early and if you're in and around Bedford, you want to come down, come down to Bedford. We're going to talk about Bitcoin before the game. Anyway, welcome to the What Bitcoin Did podcast, which is brought to you by the absolute legends at RS Energy, the largest NASDAQ listed Bitcoin miner using 100 % renewable energy. I'm your host, and today I've got my buddy Nick Bartier back on the podcast to get into all things macro and Bitcoin. Now, when we planned our trip to Australia, Nick was a very obvious person to ask to come out and take part in the live event. And while we're there, we took the opportunity to record another show with him. And the legend he is, he absolutely delivered. Now, the first time I spoke to Nick was about four years ago. I met him in LA. I can't believe it. It's gone so quickly. But Nick has always been a solid person to have on the podcast over the years. And as ever, he absolutely killed it. He has a very good and simple way of explaining complicated macro stuff, which I know some of you listeners love. So big thanks to Nick for coming out to Australia and for all the support he's given the podcast over the years. And if you haven't checked out his book, please do go and get it. It's an amazing book, and Nick is an amazing asset to Bitcoin. Also, if you've got any questions about this or anything else, please do hit me up. My email is hello at whatbitcoindid .com. Just a few things outside. We're going to be heading out to LA in about 10 days. It's gone around so quick. Actually, even soon. I think it's nine days. Going to be heading out to Pacific Bitcoin. But we're also going to be doing some interviews there. With regards to the two films we've made, Argentina's in the final edit. That should be released in the coming week, maybe two weeks, but the coming week. And then we will move into editing the Lebanon film. Two amazing films. Just, I mean, not the films are amazing, not that we're privileged to have gone out to these places and made these films. And just another big thanks to RS Energy for sponsoring all this because without their support, I couldn't have done this. Okay, on to Nick. Hope you enjoy the show.
A highlight from The Hawkish Halt: Why the Market Finally Believes "Higher for Longer"
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Thursday, September 21st, and today we are going macro talking about the FOMC conference, what it means, where in the cycle we are. But before we get to all of that, if you're enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review. Or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, hallelujah, we have an episode that is not about Binance or the SEC. Yes, today we are talking macro. And I have to say, it feels like we are in the culmination of a phase. We know that we are close to the top from an interest rate perspective, but we don't know if we're actually there. We don't know how real economic conditions are going to change things. We certainly don't know when we're going to start heading the other direction and having rates come down. And we're still living in this weird limbo where things don't feel great, but we aren't in a recession. And so you take all of these factors together. And I think that people were watching this FOMC meeting just a little bit more closely than we have for the last few. The TLDR on what actually happened is that Federal Reserve officials decided to hold rates steady between 5 .25 and 5 .5%. Now, this is the second straight meeting with no change in policy settings, with the Fed funds rate remaining at 22 -year highs. And because there is always a key word or a key phrase when it comes to these FOMC meetings, this one was definitely proceed carefully. During his press conference, Fed chair Jerome Powell emphasized that despite strong economic data since the last meeting, the FOMC were in a position to, you guessed it, proceed carefully. Now, this phrase was repeated six times throughout media questioning, always to some extent around an assertion that the committee didn't need to make any decisions quite yet about what was coming next. Talking about the committee, Powell said, Really what people are saying is, let's see how the data come in. They want to be convinced. They want to be careful not to jump to a conclusion. Fed whisperer Nick Timiros, chief economics correspondent at the Wall Street Journal, said, Powell used the words proceed carefully six times during Wednesday's news conference, a sign of heightened caution about lifting rates. Forward guidance host Jack Farley said, The last time Powell used this language in his speech before taking questions was March 2023, and this was in the context of monitoring potential tightening of credit conditions post -SVB. So, adding a little more meat to this proceed carefully bone, Powell stressed that taking no action right now was the most prudent choice at this stage of the inflation fight. He said, Inflation has moderated somewhat since the middle of last year, and longer -term inflation expectations appear to remain well anchored. Further, he said, As we get closer to the stance of monetary policy that we think is appropriate to bring inflation down to 2 % over time, the risks become more two -sided and the risk of over tightening and the risk of under tightening becomes more equal. I think that the natural common sense thing to do is, as you approach that, you move a little more slowly as you get closer to it. And that's what we're doing. And you get here kind of why I'm saying that we're at the crescendo at this stage culmination kind of moment. But what's difficult for people is, of course, that what Powell is doing as we get closer to coming into the station is he's reducing the speed. Now, alongside the rate decision, the meeting also included the publication of the Quarterly Summary of Economic Projections, or SEP. The SEP contains a range of forecasts from FOMC members on the future path of rate policy, known affectionately as the dot plot, as well as a range of other economic projections. The dot plot showed that 12 of the 19 Fed officials had penciled in one additional rate hike by the end of the year, meaning effectively a split decision on whether the Fed should call an end to their tightening cycle. Now, when asked about rates and whether we're in restrictive territory, Powell said, The fact that we decided to maintain the policy rate at this meeting doesn't mean that we've decided that we have or have not at this time reached that stance of monetary policy that we're seeking. If you looked at the SEP, you will see that a majority of participants believe that it is more likely than not that it will be appropriate for us to raise rates one more time in the two remaining meetings this year. Now, beyond that specific note around one more hike, the main takeaway from this set of forecasts was also that rates would remain higher for longer. Rate expectations for 2024 were bumped up slightly, with the median forecast coming in at 5 .1%. And this represented a 50 basis point increase from the forecast published in the June SEP. Putting it a different way, that means that only two rate cuts are expected to be necessary next year, rather than the four which were previously forecast. Core PCE inflation was forecast to fall to 3 .3 % to close this year and moderate further to 2 .5 % across 2024. With inflation forecast to moderate faster than the FOMC expects to cut rates, that would signal an intention to hold the Fed funds rate in restrictive territory until at least the end of next year. Rounding out the numbers from the SEP, GDP growth is forecast to moderate, finishing the year at 2 .1 % and reducing to 1 .5 % for next year. And unemployment is forecast to only rise slightly alongside this growth slowdown, leveling out at 4 .1 % over the next two years from its current level of 3 .8%. Now from here, let's get into some of the topics that were most hot buttoned and ran throughout the presentation and the press conference after. One of the big topics was, of course, the fabled soft landing. This set of projections is a long way from the dire forecast from just a few months ago. At the August meeting, Powell disclosed that Fed staff had been predicting a recession. This time, while definitely not a booming economic projection, the small uptick in unemployment while growth and inflation moderate were essentially forecasting a soft landing. When asked if a soft landing is his baseline expectation, Powell stated, Still, Powell made sure to emphasize where the FOMC's real focus was.
A highlight from Why messaging should be part of your content strategy, with Nick Martin
"Yeah, I would probably first just say I don't know that those are binary, and I don't know that they're black and white. It's one or the other. But forced to choose, I think we're much closer to the former than the latter in the sense of the experiences that we power and that we're continuing to invest in being able to build out are always starting from a place of how do we best take advantage of our publishers content, which is written by humans. And then we think that's a really important ingredient here and leverage what's happening around AI and make it really easy for the publisher to maybe convert their content, maybe augment their content, but in one form or another enhance it, make the experience more interactive, more user -friendly, more personalized, more relevant through chat as the interface that we're building around. And so in that sense, content is the core of it. It's about the stories you've written, the things your journalists have researched, the articles you're publishing, and the topics that your readers are already on your site for. You already have this audience, and certainly a big part of what we do is getting you a new audience by distributing these chatbots in other platforms where maybe you didn't have a presence before because these are chat endemic environments like this one. Again, things are moving so quickly here, and the opportunities are so broad. There is sort of a spectrum, I think, between example A and then this companion assistant version of my AI or Chashi BT or what like the promise I think of Siri and Alexa was back in the day. And I do think things can move that direction even for content companies. And we've assisted for their content a librarian that's personalized to every reader. We've gotten those analogies in sort of private meetings from publishers that we're working with and talking to, and there's ways to take advantage of our platform to deliver that experience. I do think it's still different than what you would see from my AI on Snap where it's more or less, and not to diminish it, I think they've done tremendously well despite some of the challenges that you alluded to. It's more or less the Chashi BT experience, right? It's a wrapper on an LOM. It's broad and horizontal. It's anything that was made available in training data from the public internet. We refine what we do to the publisher's content so it's specific and targeted and accurate. But we're also not trying to drive the I'm your best friend, tell me about your problems, let me recommend a restaurant to you. If you're chatting with a sports publisher, you're not going to ask them for where to go get pizza Friday night, right? But you can imagine over time, maybe that sports publisher does help you find the best sports bars to watch the game, and maybe there's a commercial opportunity underneath that by way of referral or advertising or otherwise. And so it'll continue to evolve. I think if you look at what's happening in the very, very early days around the agent behavior, that also becomes quite compelling and might put a task underneath it, which they're going to be able to do pretty quickly here. But that's not ready for prime time for all types of publishers, the world's biggest, most reputable brands just yet. Yeah, yeah. And so a lot of your publishers, the large publishers, they've got lots of different ways of monetizing what they do. Some of them are subscription based. You mentioned like ESPN and so they've got like TV channels and subscriptions and all kinds of stuff going on.
A highlight from 673:Warrens Anti-Crypto Moves and Hong Kongs JPEX Crisis
"Every parent wants to witness the many firsts in their child's life. First steps, first word, first haircut. But what about their first bite of beef? Complete with nutrients like iron, zinc, choline, B vitamins and protein, it's vital for strengthening little minds and little bodies. Making that first bite of beef a moment for everyone to savor. Together, we bring more. Beef. It's what's for dinner. Funded by beef farmers and ranchers. Good evening and welcome to the Crypto Overnighter. I'm Nick Ademus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax and let's get started. And remember, none of this is financial advice. And it's 10pm Pacific Time, Monday, September 18th, 2023. Welcome back to the Crypto Overnighter, where we have no sponsors, no hidden agendas and no BS. But we do have the news, so let's talk about that. Tonight we deep dive into JPEX's meltdown in Hong Kong and what that means for crypto regulation. Next we examine the $70 million hack that rocked Coinex and the geopolitical implications behind it. Then we turn our attention stateside to discuss Senator Elizabeth Warren's anti -crypto bill and the brewing congressional storm over central bank digital currencies. We'll also break down the recent celebrity lawsuits surrounding the now -defunct FTX exchange. And finally we will close with a look at how Europe is taking the lead in crypto ETFs, while the US languishes in regulatory limbo. Buckle up, it's going to be a time. Hong Kong -based crypto exchange JPEX is under fire from the Hong Kong Securities and Futures Commission. The SFC arrested one person linked to the exchange. We've been talking about JPEX for a couple of days now, and it sounds like they're off to kind of a rough start. JPEX has been operating without a license in Hong Kong. The exchange received numerous complaints, leading to a police investigation. Amid liquidity issues, JPEX suspended all transactions on its earned trading interface. The exchange is also considering restructuring as a decentralized autonomous organization, a DAO. Joseph Lam, a crypto influencer and former lawyer, was arrested in Hong Kong for his association with JPEX. The police raided his office and seized evidence. Lam had urged affected JPEX users to report losses via a police hotline. The SFC warned last week that JPEX and crypto influencers have made false or misleading statements. The police have received at least 83 complaints involving JPEX, amounting to $4 .3 million. JPEX froze certain operations and raised withdrawal fees due to a liquidity crisis. The exchange claimed that its third -party market makers have, quote, maliciously frozen the company's funds. Some users report a $999 USDT fee for withdrawal, with a maximum set at 1 ,000 Tether. JPEX also froze its game platform. The SFC expressed concern over JPEX's misleading statements about licenses and high returns for its products. The arrest and the subsequent probe into JPEX signal a tightening regulatory grip on crypto exchanges operating without a license. This is not just a one -off incident, but a warning shot to other platforms that might be skirting the law. The SFC's involvement and the arrest of a high -profile influencer like Joseph Lam show that the authorities are not taking this lightly. The liquidity crisis at JPEX is a red flag for sure. Not all exchanges are as transparent or as stable as they claim to be. The high withdrawal fees and frozen funds are alarming signs that could lead to a loss of trust among users. The move to restructure as a DAO might seem like a strategic pivot, but it's more likely a desperate attempt to regain some semblance of stability. The 83 complaints against JPEX and the $4 .3 million involved indicate that this is not a small -scale issue. It's a significant problem that could have ripple effects across the crypto landscape in Hong Kong and potentially beyond. The authorities are clearly taking steps to clamp down on misleading practices and unlicensed operations, which could set the tone for future regulatory actions. The JPEX saga underscores the importance of due diligence and the need for regulatory oversight in the crypto space. It also raises questions about the role of influencers in promoting platforms that may not be as secure or as regulated as they claim. This is a wake -up call for all involved in the crypto world, reminding us that with high returns come high risks. Alright, from one sinking ship to another. If you think JPEX's meltdown was a shocker, wait till you hear about Coinex. Before we dive in, give us a like and hit that subscribe button if you're enjoying the show so far. You won't want to miss this.
A highlight from New Cancel
"I explain everything that goes on. I basically stand for four hours. It's a long service, but I learned very early in my career that if you're interesting, it's never too long. And if you're boring, it's never too short. It's never short enough. Let's put it that way. That's what people want. They want to be interested. That is the key to all communication, by the way. I learned that when I was a kid. And I remember asking myself when I had a boring teacher, does he know he's boring? A very interesting question about people who are boring, do they know it? And I suspect that the answer is no. Well, welcome to the show. I will be having the Superintendent of Education of the State of Oklahoma on. He has been the recipient of a massive amount of hate because he has opened Oklahoma schools to PragerU videos. PragerU videos are just simply wholesome. That's what they are. That's why the left hates them. And they hate them. There is no left wing major medium, and there is no medium period that is mainstream, which means all left. That has not accused us, for example, of defending slavery and of me being a white nationalist. Can you imagine that? A white nationalist. I knew that the struggle to do good in life would entail difficulties, but I will admit I never realized what headwinds one sails into when one wants to do good in life. The forces of destruction are so powerful, apparently in the human being. But people who actually think you are a hater if you don't think teenage girls should have their breasts removed if they say they're boys, you are a hater. They are lovers of these girls. We are the haters. And that is believed at the New York Times and the Washington Post and CNN and NPR. Do you realize that? If you went to college and you took courses in the humanities and not just STEM, science, technology, engineering, math, the odds are you believe that, too. You believe that people who oppose girls having their breasts removed when they are a teenager, that these people are haters. Here I'll give you the latest proof. Let's see, what is this? Microsoft Office has identified a potential security concern. You have to be kidding. This is from Breitbart. BBC Radio scraps Irish singer, Sean, are you familiar with her? Roisin Murphy. After she called out puberty blocking drugs, the BBC has removed an Irish singer from a prepared feature radio broadcast following leftist backlash over her opposition to children being put on puberty blocking drugs. That's really something. Roisin Murphy, an Irish singer -songwriter formerly of the pop duo Moloko, has become the latest figure of hate for the woke transgender movement after a private post on Facebook criticizing the radical practice of presenting hormone -altering drugs to children was leaked onto social media by a friend last month. Puberty blockers are effing absolutely desolate, big pharma laughing all the way to the bank, Murphy wrote. Little mixed up kids are vulnerable and need to be protected. That is just true. Please don't call me a TERF. TERF is Trans Exclusionary Radical Feminist. You know, they destroy everything that they touch the left. Everything. Did I say everything? Let me repeat it. Everything from medicine to art to sports, they destroy everything. That's all they do. But there is one thing that they build, vocabulary. I'm telling you they're geniuses at terminology. A TERF is a Trans Exclusionary Radical Feminist. In other words, you're a feminist, but you have problems with the idea that sex is not binary or as they put it gender, a distinction that they made up incidentally. Please don't call me a TERF. Please keep using the word. Please don't keep using the word against women. She added in reference to that slur used by the woke left against women who oppose the trans movement. After her post was leaked, a wide backlash ensued with the Left Wing Guardian newspaper declaring that Murphy's latest release had been compromised, quote unquote, for many fans over her views, adding that, quote, for many fans, particularly queer fans, this album is DOA, Dead on Arrival. I don't understand. What does this have to do with being gay, which is the term I think queer is meant to mean gay here? By the way, I wish I had a recording. At least 10 years ago, I asked why there was a T added to LGB. It has nothing to do with it. Why are gay groups aligned with people who deny that sex is binary? What does that have to do with being gay? The answer is nothing. Nothing. That means that the gay groups, as opposed to every individual gay, are as interested in tearing down the norms of society as the trans activists. That's what it means. Since there are quite a number of gays in my life, including on the board of directors of PragerU, I know that this is not true for all gays, but it is true for the activists. Gay activism achieved its greatest single ends. The greatest single end was same -sex marriage. But it didn't stop them for a day of trying to undo civilizational norms like the idea that you are born into a sex and you cannot leave it. You can pretend to leave it. You can do staggering amounts of surgical work on your body. You can take a new name. You can act a certain way. But you are not it. A white cannot become a black by acting such, or a black a white. It is fixed. Ironically, it is less fixed than sex. The Guardian went on to defend the usage of the often life -altering drugs without acknowledging the growing amount of evidence of physical harm caused and that countries such as the UK have recently placed heavy restrictions on providing them to children. Then this week, BBC's Radio 6 scrapped the planned five -hour set of Murphy songs, concert recordings, and interviews, replacing her feature with rapper Little Simms. The BBC has claimed that the decision was not inspired by the controversy surrounding the Irish singer, but rather to promote upcoming spoken word and rap programming. Yeah, it is very hard to believe. Anyway, that was my living example here of what happens if you go against the grain on this subject. Cancel culture. There is no example of left being in power anywhere since the Russian revolution and not engaging in cancel culture. Gold dealers are a dime a dozen. They are everywhere. What sets these companies apart and whom can you really trust? This is Dennis Prager for AmFed Coin and Bullion, my choice for buying precious metals. When you buy precious metals, it is imperative that you buy from a trustworthy and transparent dealer that protects your best interests. So many companies use gimmicks to take advantage of inexperienced gold and silver buyers. Be cautious of brokers offering free gold and silver or brokers that want to sell you overpriced collectible coins, claiming they appreciate more than gold and silver. What about hidden commissions and huge markups? Nick Grovitch and his team at AmFed always have your back. I trust this man. It is why I mention him by name. Nick has been in this industry over 42 years and he is proud of providing transparency and fair pricing to build trusted relationships. If you are interested in buying or selling, call Nick Grovitch and his team at AmFed Coin and Bullion, 800 -221 -7694, americanfederal .com, americanfederal .com.
A highlight from Macroeconomics & On-Chain Data with Nik Bhatia & Willy Woo - WBD Live in Sydney
"We know from history that increased trade reduces the likelihood of armed conflict. So what if Bitcoin can actually contribute to world peace? Good morning from Lebanon. How are you all? Now listen, before we get into today's show, I've got to say if you've never thought of going to Lebanon, please do put it to the top of your list. It wouldn't be an obvious choice for me, especially a country which is under economic crisis. But I've had the most incredible time here. Everything about it I love. I love the people, the food. It's a beautiful place. We've been out to the mountains. Beirut is bustling. It's a cool city. Yes, it has its challenges. Yes, you will see it. But honestly, it's such an incredible place. I love it. I'm actually planning on coming back. I want to bring my kids out here. Also, I've been making a documentary and I want to say a massive thanks to everyone who's come out to help do that. Yes, I love Lebanon. I love it. You know what? I've been so fortunate to travel to so many amazing places that I wouldn't normally go to because of making these films. But put Lebanon on to the top of your list. Try and come out here. It's an incredible country and the tourism would be great for them. Anyway, welcome to the What Bitcoin Did podcast, which is brought to you by the absolute legends at Iris Energy, the largest NASDAQ listed Bitcoin miner using 100 % renewable energy. I'm your host, Peter McCormack, and today we have a part two of the live event we held in Sydney just over a week ago. Now, in this second part, we've got my good friend, Nick Bartier, on who made the trip from LA to be with us in Sydney, and we also got Willy Woo back, who hasn't been on the show for a long time. Now with Nick, we get into macroeconomics and the role of Bitcoin, and with Willy Woo, we get into a market update, and of course, we ask the question, when moon? Do you know what? Willy is a bit pessimistic, and so we deal with that. But it was great to get out to Sydney. I want to get back to Australia. Australia probably will do the same thing next year. Also, we're going to try and get some other places. Somehow we're going to try to get some other places we haven't been. Anyway, listen, I hope you enjoyed this. If you've got any questions about this, the live shows, Lebanon, anything else, you can drop me an email. It's hello at whatbitcoindid .com.
A highlight from 672:North Koreas Russian Crypto Strategy & Indias Dollar Rejection
"Why do tacos get their own day of the week? Is it because Mondays are so rough, we need a Tuesday filled with beefy tortillas shared with good friends? If so, why don't we have Wellington Wednesdays stroganoff Saturdays, and heck, beefball Mondays? Then Mondays would just be another reason to enjoy our favorite beef with our favorite people. Together, we bring more. Beef. It's what's for dinner. Funded by beef farmers and ranchers. Good evening, and welcome to the Crypto Overnighter. I'm Nick Ademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10pm Pacific on Sunday, September 17th, 2023. Welcome back to the Crypto Overnighter, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight we're diving into North Korea's cozy relationship with Russian crypto exchanges. Are they laundering money, or is it something far more sinister? We'll also look at India's ambitious plans to cut the dollar out of its trade equation. What does this mean for the future of fiat, and how might it impact the crypto landscape? Then we'll discuss the Hong Kong Monetary Authority's stern warning to crypto firms misusing the term bank. And don't think we're ignoring the bankruptcy saga of FTX and their reopened claims portal. Last but not least, some big names weigh in on the future of fiat and crypto. Fasten your seatbelts, it's gonna be a ride. Hacking groups linked to North Korea are increasingly using Russian exchanges to launder stolen cryptocurrency. Chainalysis noted this shift in strategy. The blockchain analysis firm also highlighted a recent transfer of $21 .9 million stolen from the Harmony Protocol to a Russian exchange known for illicit transactions. This move coincides with the summit between Kim Jong Un and Vladimir Putin. UN sanctions monitors are also noting North Korea's evolving cyber tactics aimed at funding its nuclear programs. Elliptic, another analytics firm, reported that North Korea's Lazarus Group is responsible for the theft of almost $240 million in crypto in just 104 days. The group has been linked to five major crypto hacks in the last three months, including a $54 million hack of the global cryptocurrency exchange CoinX. Chainalysis data shows that the value of stolen cryptocurrency associated with North Korean hacking groups exceeds $340 .4 million so far in 2023, compared to $1 .65 billion last year. Despite the decrease, North Korea remains a significant threat in the cybercrime landscape, accounting for 29 .7 % of the cryptocurrency stolen through hacks in 2023. The DPRK -Russia cryptolink is more than just a financial loophole. It's a geopolitical chess move. While the world focuses on sanctions and arms talks, North Korea and Russia are quietly building a financial alliance in the crypto underworld. This isn't just about money. It's about power, influence, and a shared disdain for Western sanctions. Chainalysis and Elliptic aren't just telling us about hacks. They're exposing a growing alliance that could reshape the crypto landscape. Russia's noncompliance with international efforts gives North Korea the perfect cover to continue its operations. It's a symbiotic relationship where both nations benefit at the expense of global financial security. The drop in the value of stolen assets this year could be a smokescreen. North Korea's share of crypto hacks may have decreased, but let's not forget they still account for nearly a third of all stolen crypto this year. In a world increasingly dependent on digital assets, the DPRK -Russia cryptolink is not just a financial concern, it's a security crisis. It's a glaring example of how decentralized finance can be weaponized. As long as Russia turns a blind eye, the crypto world will remain a battlefield where the DPRK can operate with impunity. We've just unraveled the shadowy links between North Korea and Russian crypto exchanges. From one geopolitical chessboard to another, let's pivot to India's audacious move to cut the U .S. dollar from its trade equations. How's that for a change in global power dynamics? But first, if you're enjoying this deep dive, hit the subscribe button.
A highlight from A Massive Crypto Bull Market Is Starting VERY VERY SOON! Crypto Banter 649K subscribers
"This special episode of Crypto Banter is brought to you by Isla Micron, a digital asset designed to create ethical finances in crypto. We're back in Singapore. In fact, right there, the Formula One is going to start this Sunday. More importantly, this is Asia's financial district, and we're here for token 2049. It's the biggest crypto conference I've ever seen. You've got more people and they're excited. There's a great energy. They're talking about big things, like what's going to power the next bull market? Is it going to be the ETF, the institutionalization of crypto? Is it going to be AI? That is what people are talking about here, and the energy is insane. Let's go take a look inside. Welcome to Singapore. The energy here is absolutely insane. We speed up the stairs into the hall, right to our Crypto Banter set. We'll be planted here all countries, talking to top guests, market movers, market innovators, extracting alpha, bringing people in crypto together, and delivering the best that the week has to offer right here to you. I mean, get the vibe here, get the energy that's going on here. Unbelievable. There's no bear market in Asia, that's for sure. Biggest conference I've ever been to. We're surrounded by no less than what makes this market go round. On the one side of us is Ripple. On the other side, Casper. Across from us, Clayton and Polkadot. Down the way, Cardano, Chainlink, Algorand, Antron, Layer 1's oracles, and more, building on the backs of Bitcoin and Ethereum in this ever -growing ecosystem of technology, currency, information and community. But with institutions and mainstream Web 1 companies pouring in, like Google, Bakkt, Sony, CME, and ETF applications from big banks, at what cost? And at what point in the battle are we? All right, so we're here at token 2049. As you can see, I'm running the show here. Well, let's go. This is the entrance. It's much bigger than last year. You're going to see a lot of the big protocols, a lot of the big projects here. You've got Avalanche over there. You've got... What is this? Uh, wow, look at this. This is the entrance to token 2049. Thank you, ladies. Ciao. As we walk in, it's all about exchanges. We've got Bitkiet over here. Big, big, big presence here. We've got Leo Messi, obviously, you know, the ambassador. Definitely, definitely my favorite, favorite, favorite player. I can tell you where we are. Singapore, Asia's de facto financial figurehead, and the Marina Bay Sands, its futuristic fortress, and the center where we've all come. 10 ,000 people plus, and here's what we see. A bullish setup of battle with a volatile mix of regulation, AI, and the halving, all facing us ahead of 2024. Bitcoin price end of 2024, $120 ,000, that's what it says. Look into the ball. Speed ahead, and you'll hear Ripple's CEO himself talking about all things regulation. We can't pretend that, like, government regulation doesn't matter. But here's the overwhelming takeaway from all these market experts. We've definitely hit the bottom, and things are looking bullish. But don't take my word for it. Take Arthur Hayes'. So that when this thing starts rhyming, potentially, it has a lot of room to grow, and from a low level, it doesn't take that much of effort in terms of money coming in the system, but it's going to go up 220x. Did he just say 220x? I think he did. It's not just bullish by setup, but it's also bullish by philosophy, according to Bellagio and to the Winklevoss twins. I think that's actually what everybody here shares. It's free speech, it's free market, it's voluntary, it's entrepreneurial, it's global, sort of the Utopia idea of the open internet of Web 1. And indeed, if this Web 3 narrative is here to stay, everyone from CZ to Nick Carter and Jake Bruckman from CoinFund to Sandeep at Polygon all believe that AI will play a crucial role. It needs to preserve its competitive advantage in terms of being able to on -board more and more developers. And developers and builders continue to do just that. Building, especially ahead of the all -important halving, which is less than nine months away. Even building on Bitcoin, like the ordinals, Munib, Alion, Stacks. And what Willy Woo says is that there's much more activity on chain these days. What you see here is the maturity of the market on the Bitcoin network. Another bullish indicator, gaming. More games than ever here at token2049, and its principal proponents here promoting Web 3 gaming from Pixelmon to Yuga Labs to Animoca and many, many more. As you can see, the conference is so full, people are sitting here on the floor, on stage. The two biggest countries that are looking at exporting Web 3 games right now is Korea and China. Ah yes, Asia taking center stage here with the regulatory uncertainty in the US. We're in Singapore helping spearhead crypto adoption on this continent. In fact, one of the highlights of the whole conference and one of the biggest announcements was Jeremy Alair from Circle announcing a partnership with Grab, the pan -African Asian app integrating USDC. We're focused on working with established consumer internet companies, established payment companies, digital wallet companies, commerce companies. So you're going to see partnerships with a lot of different firms like that, that we continue to roll out.
"nicks" Discussed on Milk Crates and Turntables. A Music Discussion Podcast
"Vaughan. I feel good. Jesus, we just covering them all. Now number 8 this week in 1986 was talk to me by Stevie Nicks. Talk to me, talk to me. I don't know. Talk to me. Yeah. Number 7 this week in 1986, spies like us by Paul McCartney. A movie was fucking horrible. One of his weaker songs. He's in that video. Who's in that video? Number 6 this week in 1986. Mister mister. Yeah, mister mister there you go. Tell
"nicks" Discussed on Bloomberg Radio New York
"Here's plunge it. Into the corner. Crimes. Get into this, they're first little of the game. Brunson, you could hear doing it with his shot doing it with his passing as well. 41 points in all thanks to MSG on the call. Nicks lose an overtime to the clippers O one 34 to one 28 in this game now, the nexus themselves dropped to the 7th seed, a game ahead of Atlanta, there were 41 points for Bronx and that was a game high Randall. He had 28 points in the loss 35 and 30 respectively for Kawhi Leonard and Paul George. And on the NHL, the all star weekend from South Florida two thirds of your local teams are in the postseason as of now the Devils and the rangers islanders just on the cusp. It was the metro division taken down by the Atlantic ten to 6 the Atlantic went on to down the central to win the trio of games. All three local teams were back in action on Monday. And with your Bloomberg sports update, I'm rob buska. This is a Bloomberg money minute. The Justice Department is having a sale on doing the right thing. Then Penn at Bloomberg law says companies are being offered a sharp reduction in penalties if they self report wrongdoing. They're really hoping to extract more evidence that can allow prosecutors to bring charges against individual employees in the company. In exchange for their cooperation with investigations, the Justice Department is offering companies steep discounts of up to 75% on fines. Still, Penn says companies will want to see proof that the department means what it says. It declined to prosecute or in future settlements in which the department clearly explained why the level of cooperation didn't meet our standards for leniency. Even companies that do not self report misconduct could see leniency, cooperation with the department and changes in behavior could see their penalties cut by as much as half. Larry kofsky, Bloomberg radio. Welcome to Bloomberg opinion, I'm Bonnie Quinn. This week. Cats continue to jump out of bags. John
"nicks" Discussed on Bloomberg Radio New York
"Time out for the Bloomberg sports update brought to you by tri state Abby for that we bring in John Stan shower. Back to 8th in the next best one of the season in Boston Celtics have the NBA's best record and they jumped in front by 15 next blew a fourth quarter lead. That's happened a lot, but they rallied in overtime. Big three pointer by RJ Barrett, Julius Randle's two free throws put him ahead. Next one, one 20 to one 17 Randall scored 37, Jalen Brunson at 29. Nicks continue to be better on the road than at home. It's their 15th road win, only the Celtics have more. The nets began a stretch of home games, losing to Detroit one 30 to one 22. They clearly miss Kevin Durant, nets have lost 6 of their last 8. Devils lost at Nashville 6 four in the third time this season they've allowed that many goals. Novak Djokovic playing his Australian open semifinal match right now and he leads American Tommy Paul 7 5 three love earlier a semifinal win in fourth sets for Stefano sits apart. Two NFL head coaches fired during the season, got new jobs, Frank Reich lost his job at Indianapolis, but hired by Carolina and Nathaniel Hackett fired in Denver, and he's now the offensive coordinator of the jets. Conference championship Sunday begins on the NFC in Philadelphia Eagles forty-niners, the AFC game of rematch from last year when Joe burrow led Cincinnati to a comeback overtime win at Kansas City can burrow in the Bengals, do it again. We've been these spots, we have the experience. We know what team we're playing. Team has been to this game in the last 5 seasons and they've all been in that stadium. So to me, they're still the team to beat. And then we're coming for them, but we know it's going to be tough. Burrow in the last two years is won three playoff road games longtime college basketball analyst Billy packer has died. He was 82. John stasia were Bloomberg
"nicks" Discussed on Veteran on the Move
"nicks" Discussed on KFI AM 640
"Government's weekly unemployment supplement is still on the way for some people, even though it expired on Labor Day specifically for those whose payments have been delayed for weeks and even months in some states, still struggling with the backlog of claims, and anyone who was eligible for benefits before the Labor Day expiration have 30 days to apply. More private employers are considering vaccine mandates. A major oil company is among the latest Bertha Coombs reports. Oil giant Royal Dutch Shell is considering a vaccine mandate for its employees and whether to fire those who refused to comply. The Financial Times reporting, Shell is outlining a case for a selective mandate initially at offshore platforms and other remote locations where staffers work and live. And were approved vaccines are available, an internal memo says. While all reasonable efforts would be made to avoid termination shall may be faced with no alternative. I'm Bertha Coombs. General Motors is keeping its Chevy Bolt factory on idol for at least a couple more weeks. The automaker blames production delays at battery supplier LG Kim. Production of the All electric vehicle was originally shut down August 23rd amid a complete recall of all bolts because of battery fires, at least a dozen of them. It's expected to cost GM about 1.8 billion to replace all the defective batteries. But General Motors says it's pursuing reimbursement from LG Kem Ford is restructuring operations in India, where it says it's lost about $2 billion over the last decade. It's ending production in one of the plants by the end of this year, and that a second one by the second quarter of next year, resulting in 4000 job cuts. And Bill Gates investment firm is about to own almost three quarters of the four seasons. Luxury hotel chain Cascade Investments already owns about 47%. And it's paying $2.2 billion to buy half of the four Seasons stake owned by King Holding Company controlled by Saudi Prince Allah, we'd been Talal. The deal values four seasons at $10 billion. Consumer and business News. Joe McConnell, NBC news radio, Never love again. Stevie Nicks is firing back at Lindsey Buckingham's claims on how.
"nicks" Discussed on Zero Credit(s)
"Hope there's just. I'm kinda winded from all this breaking news. I hope there's no more breaking news tonight. Me to wait. Got some breaking news My heart stevie nicks has cancelled all two thousand twenty one concerts. Oh okay good for stevie nicks from this headline. i don't know what gives her the power. She is cancelled every concert weight. Not just her own. That's not what the headline says. The headline does not say stevie nicks canceled on earth. Twenty twenty one concerts. It says all twenty two twenty one concerts. Well i mean after what she put up with to get out of fleetwood mac i i think the music industry gave her unheard of power. Right if you have to stop if you get if you suffer you get rewarded power. That's why spiderman so straw them. Yeah with great. Suffering comes great power. I'm sure that's the message they want us to get at it spiderman. Yeah you should suffer And that's pretty much it now. i. I'm just glad that you know. Stevie nicks look at her. Looked at yourself in the mirror and said go your own way anybody Anybody go your own way. Commune round way I'm just glad that she was able to break. The chain of her contractual obligations to keep performing shows in the midst of a cove adak but epidemic. Anybody the chain anybody anybody the chain the chain yet will more in you know i. I know i know this is breaking news visit secondhand news anybody secondhand news. Wow this is great. We talked about friday's breaking news. That's a real future games future games. I don't think she was on future games. A future games future games gold dust woman. Anybody that's happening does war fleetwood mac. Yes stevie next has cancelled every concert happening than two thousand twenty one with powers. Litigated bite to her leg to her. That's did that's an upon her by the music industry. Yes indeed. A good for stevie. I also love stevie nicks death. Stephen great fleetwood mac one of my favorite bands You know what the stuff that. Stevie nicks is also good but understand that The the that What's his name buckingham nicks ham palace. Now that was you know what his name.
"nicks" Discussed on Lymphedema Podcast
"Professionally from meeting nick and the others at camp. Yeah you know. I've been thinking about this and I can't comes up. Pretty regularly In my conversations with people and A lot with like my rock climbing friends will be like. Oh yeah when. I was liberty cam and everyone makes me 'cause they're like you're in this lymph edina camp like wendy. Fifty mechanic is always coming up. Look at but we did this whole thing. I learned that that was really fun. So it's neat that it continues to be a theme that i've talked enough about that. All my friends know about it And one of one of the biggest things. Personally i would say is that I was really surprised. At what an impact. I made For the kids in for the parents and And even some of the other steel teas rose just like you know like i have this skill set. I got my license. I got my like went and got my lancer like but that it. It was all things that were pretty easy to do in straightforward But the impacts you hear that like the parents the relief that the parents had on the nights when they didn't have to manage their kids lymphoma routine. Or maybe amy was like. You don't understand what a relief it is to be able to like. Sit and hang out with people and not have to assess how my child is taking care of herself before bed. Honor put her garments on rapper legs or do her in l. d. right So the the simple things things that are simple for me to do made such a big impact for the campers and further parents and are having these lasting effects. Which just i never would have thought that i could have that influence in. That's really encouraging for me. Like you know. What else can i do if that was pretty easy. Like how many more cameras can we can reserve camper. You know more lives. can you change or how. Many kids can go participate in in sports than ever thought that they could do or So it's not just Decongesting the lynn volume. It's like the life changes that we can inspire unint professionally. I would say it was just asking my friends night. We're all the kids get referred to. Where's the closest children's hospital. And what doctors who i talked to you at children's to get them to refer to me or what's the best strategy to get into a clinic so i think I would really like to figure in. Maybe you probably have some ideas on how to grow Pediatric referrals because there's no reason not to treat kids. Yeah i'll definitely help you some of those and i don't ask people what you said about. How just like this echo is going in your daily life like your professional and your personal life I i love that impact. Is there and that. You're wanting to lean into it and said of just being like oh that's a one off for just gonna do this awards a week and every year i'll go to camp and volunteer and it will just be my little secret but You're reminding me of me early on row was like i need a megaphone. I need to go to the highest mountain juicy. Elvis out so yeah. I'm here to help. I'm here for that. I hope you with that as much as we can burbot. Yeah it's been fun and it's so cool Just today one of the intensiveness was like kids. Get lymphoma do they have cancer. That young all let me tell you. All about primary secondary than fifty about hold on. Let me just stay on my platform for a minute and then you can tell everyone else that you know. Yeah no. that's they think it's phenomenal that you're interested in working with war kids because to find a therapist that will take a child is so difficult because they don't have any prior experience where he on kids and in the five days that warren worked on nicholas. I mean she can tell you. I saw his legs. Like i had never seen before and i didn't think it was possible for his right leg to get any better than what it was or even to not be as hard to the touch. And you know day one. Ronald tell you on the on the first day at camp and nicholas wears his day is nigh karmet's every day religiously by his his legs parts of his legs were very hard. They were five roddick. I think it was dave for lauren. She said here fill his leg. Do you feel that. that's the fine. Bros loosening up by using the rights of analogy In itself is inspiring like adults kids. Same thing and the parents wanna listen. A lot of the adult sur la the adults that is e have been living with lymphoma for so long that they're like a kind of invested so so all of your parents are just hungry for for information and that that have a lot of every parent no matter if you have lymph dima or not you just want to fix your kid you wanna find any answer and i think that's one thing that's really unique about this can't Just rylance feet and kind of what we provide for parents and kids with lymphoma is that it's not somebody who has either been told for a very long time for generations for years to live with it or someone who's had very happy and successful life but now The effects of cancer treatment have left him disfigured or with lymph anemia and an extremity It's apparent and kid wanting their kid to have the best possible chance at like a really healthy life. I was thinking about what to be prepared for for someone new coming to camp. You know his thinking that it's as christine alluded to. It's very physical endeavour. It was a very active camp So it's like the physical aspects the physiological aspects teaching that lengthy much reading lymph thema and one of my favorite parts was kind of the social aspect of of the support that that you can give in so many different directions. You know whether. It's hoping. I mean i on the rockwall was literally like holding them up so that if they slipped they didn't come down on. The auto belay relate keith. Going let me push you up there or all. The clt's doing silly dances to convince the kids to do something or You know holding each other's hands like oh my gosh. What do i do about the situation. and how do i you know. In what way can you piece together. All of these lymph edina products to decongest an area or You know how can you sit with the parents. And just listen or share or not supportive. So i think that camp was set up really well to to address every aspect of of the human experience and it was. It became so much more than i would've anticipated. And i think that's part of what made it so rich and what i would encourage you any therapists to participate in knowing that it's a it's a full body experience magical and full body experience. That's what i'm coming away with. After tonight her great can't wait for the next one. Mother theresa says loneliness and.
"nicks" Discussed on Lymphedema Podcast
"Up with nick and christina and learn. I'm wondering as he were you nervous before. Can't yeah i. I was nervous I really didn't know what i was getting into. I didn't know what the schedule was it. No you know the little things like housing and food and all of that and it wasn't sure if my lymph ima skills were like up to par or the same as everyone else's Or if the way that i was trained was to be like grossly different from the way that another seal t was trained in the way that i was intending to do my lymph thema therapy was going to be like wrong or different so there was a lot of question marks when i showed up. Did you feel like those question. Marks were answered or resolved quickly I do have a specific question to that in a minute but just kind of after getting there and kind of getting your feet wet. I'm were you a little bit more comfortable absolutely. Yeah feel guess years. We walked in and kind of figured out who the seal teas were like. Put names to faces and kind of with the schedule and the routine and where we were sleeping in all of those basic needs were addressed and it was like. Oh this is really fun. This is like super cool opportunity for all of these. You know seal t's just to talk dina which is really comfortable familiar interesting subject and so then it was you know it. It flipped one eighty like. Oh i have this patient. You talk about best patient like what do you do. 'cause i a work by myself in my own clinic and so I am the only seal team for. I don't know probably twenty thirty minutes and everyone's so busy that we don't really interact much other than an occasional meeting or email exchanges. And so i really feel like i. My clinic is kind of a floating buoy in its own. So i don't have the reinforcement from other therapists. So it was great to be in a hole pool of therapists. And i can totally relate on that i was that was pretty solo I'm a pta semi supervising pt. Was the seattle. But she was also the manager of a really busy outpatient department. That also covered an inpatient rehab in like a day rehab so she was shaper busy so i really kind of fit like. I was on an island when i was first at therapist. I remember i went in through up right after. I saw my first patient. 'cause i was like i don't know what to do and i was like. Oh my nerves. Getting the best timmy. But it ended up being that terrible. But i think i would have had the same feeling going into camp. It's kind of this kind of the feeling. I had for the first camp when i was like what am i doing. So what was it like working with the kid versus working with an adult limiting patient because after jay more familiar with rai adults. Yep i treat Only adults. I think may youngest client. My youngest patient is may be in his thirty s or so Think just as you had told me. At the beginning. When i was like ooh betty. I want to do this. But i don't work with kids like they're the same as adults but they are just smaller And i would say that was the same in working with all of the kids still have extremities no lymph nodes are still in a similar boat like anatomically. Everything's very similar I was pretty amazed at how quickly i could get through my mlb Session just because it was like. Oh your leg is one. Eighth is oh so my adults But i i was even more impressed with Even inspired by how involved nick was with his treatment and therapy and how not just involved but like he was looking forward to it where he was like. Oh can you do this again. Could you do it that way. And he was really invested in his treatment. And you know when. I said leave your raps on so i can see him in the morning was like they're still on. Do you wanna see my toes like. Do you wanna see how my leg looks said. Leave the rap son like none of my patients do that. Nick was one hundred times more compliant and invested. That was really cool right because if you were to sell an adult clinic coming into outpatient leave this on until you get in here tomorrow. And i'll take it off to measurements route away though. Show up with their leg not only unwrapped but they will have maybe gone and had like a pedicure and a massaged and like a brazilian wax. That day i've been out of it for like twelve hours. I had seen. It's pretty close right like the results are gone cool. That nick was like looking forward to being compliant. It sounds like you know he was like stoked. I think for nicholas. He knows that the therapy works. And i you know as you got older have tried to make sure that he understood what it takes for his lymph idiom and manage and so you know one of the things that was always mentioned at camp was that you know. Let them do more. Let them yet. Thomas and nicholas even now even after we got home. He's doing a little bit more on his own than what he did before. And i you know with his own massaging opened up your lymph nodes you know Round your neck underneath your arms. Divide touch him. He's a bit giggle. Fest so i have him do that on his own now but he loved. He loved florida's therapist. There was a great match job. Guys l. of hearing he's invested in can see the benefit of being compliant and being responsible for his own limiting its outcomes and stuff. That's really really amazing. Lauren how do you feel that. You've been impacted both personally and.
"nicks" Discussed on Lymphedema Podcast
"The legs. So can it really hurt. you know. He was ordered warned. West and underdeveloped live system demon one leg and then developed lithium in the other leg after eight years old. So we're going to try it. And i think it can only help them especially because you also decided through camp to put him back into soccer. So and lauren. Both love that i did find rec league when i actually think we might keep him in the same league and i am waiting to talk to the director to see if we can just get him in a lower division as if they have a bunch of divisions of the heat division. He's in maybe a little too aggressive so if he goes into a lower division than its will be a little easier for him to handle and that brings tears to my eyes like like added living his life that align all act fight the rock climbing area for him shot. He so he is. He's an active kid. And i wanna make sure that he's active in continues to stay active Because it helps him. And i'll be cringing on the sidelines. Every time he full. But you know. I think it will serve him. Well 'cause i think to have. I mean talking to people with dima kids or adults. I think it. There's a seem that you have your life defined by a diagnosis. That you have is is a is a tough way to exist and to you know you hear everyone saying i'm not gonna let xyz to find my life and that will be very cool for him or we actually yet last night in our area they they shut down main street and they do like live bands. They hope it live at twenty five And then we're doing fireworks yesterday so we went. He wears shorts liking normally. Does she's marrying his garments but were walking in and he says you know he goes. I wished i would wear pants. And i'm like. Why do you want to wear pants. Because everybody's looking at my legs is okay with you bothers you that much you could say what ruby says. I think it was ruby these These garments saved my life. If you have any questions let me know and you know after five minutes of walking through you know in every you know people looking. He got over so a memory for me from camp hearing though like heartache in your voice when you first into support support group or just in that room when we were just talking about camp Stuff and we. We talked about you and nick kind of making that decision. Mike's family joyce that. Hey we're not going to do soccer next year. This is gonna be the end of it and just for the reasons. Why and just that fear and just being like. I don't know if you should or if you can. Just i remember sitting there thinking. Whoa like. We have to help her get some answers. I mean the education sessions are one thing but to help with these really specific hard choices. That families are going through. That would just kind of a wake up moment for me like we're doing it for the education and we're doing it to help give you guys information for also doing it because their kids in your parent and you've never been here either in so that was something i don't think i'll ever forget is how everybody kind of came together. Yeah it was a huge impact and I would not have gotten that support elsewhere. It killed me to have to tell. Nicolas i think the sport is getting too aggressive. I don't wanna risk you. Getting her are also. Associated is limiting ma in the other leg with soccer because he development in the beginning of the soccer season and one of the other Things that we got through support in talking the other parents as well. Some of the education sessions is that soccer may not have necessarily been the ause of the limpet even the other. It did like us all being there and talking. It out really did help because you made the right call the first time you know that was the right decision in that moment with the information you had and then you made the right call after 'cause you have more information and you had another perspective so i think either way you're doing the right thing because you were taking care of nick and there is no better advocate out there for nick than you. What would you say to any other parents who are coming or might want to come. You need to do. We need to do to come into. Can't figure out how it's gonna make work for you and your family. It's hard because for those that have she's -nificant other or other kids at bonus difficult to leave them at home. But i also feel for myself. It was a bonding experience. Nicholas every time that we are dealing with nicholas's limiting it wasn't always a positive experience because what you're in the hospital or whether you're at therapy your weather fighting with him to get farm. It's on camp. Watch me was a positive experience to have with your child that has limited ema and the connections that you're gonna make even if you don't talk to some of the other cowards You know every day you are walking away with so much information so much education and so much support that It's gonna change your life lawrence now part family so great family to be tired of day and night and next year i plan on sending my husband so that all. We're next year by back next year. I my husband to go through the same things. I went through coming home and try to explain it to him is not quite the same. We may even try to grandma on board on that note. Would you say it's really important to bring your other half you know or whoever that other support person is. That's helping with your kids. The dima you think it's important for you guys to come as a pair to camp for the next you know for other families do I think it's definitely a good option because in at least the both of you are learning. The same things selfishly. I'm kinda glad it was just nikolai Because we had that bonding experience but you know what i want my husband to have that awning experience with nicholas as well so. It's nice when it's one on one but if both parents can go the more the merrier. I would even say that. I would love for my door to be a little more involved as well. You know because. She's the older sibling But gets to be a little difficult when you have siblings So it's a plus to have both parents but it's not necessarily a negative you. Don't i definitely see it both ways to so like i had mentioned earlier guys. We have warren with us. Lauren was the seal. T- that Was treating nick at camp in. We'll talk more about this. When britney and i do our review episode But i will go ahead and just preface by saying that each kid. It can't had a volunteer sale. T- that was paired up with them so day night anytime in between that was their go to person for treatment. Wraps measurements questions. The whole shebang all week. So lauren was paired.
"nicks" Discussed on Lymphedema Podcast
"Coming to camp. Was i think what we needed. At the time that we needed And without even realizing it after reflecting back. I don't think we've ever really felt like community of pedia of other parents. Kids with kuneitra glimpse dima so it was definitely different than any other experiences we've had in elizabeth community And hits made a huge impact on both of our lives. And i'm excited to help fundraise next month. Halen the podcasters. This is brian williams. Founder of brown's feet foundation the first and only nonprofit specific to pediatric lima in the world. If you're looking for a way to give back to the olympics the community why not support the youngest warriors fighting lymphoma this august. We're hosting our annual fundraiser. And it's virtual so that means everyone can get involved for more information. Please visit brown's fee dot org slash gala. That's b. r. y. l. a. n. s. f. At dot org slash gala. I'm excited to. We're going to work even harder. Now i think after meeting so many more families bring all talk about it later and others kind of know this but we weren't together for the first camp. She was having a baby. You know like no big deal just on vacation or something and I was the only seal team at camp and while it was like invigorating. For me and i disliked was on fire to get going when twenty one twenty twenty was cancelled essentially. We were both really bummed. And i just feel like now after meeting all of you parents and therapists and kids were dislike okay. We're definitely not going to stop by. We are just going to keep going. So i'm glad that you're looking forward to fundraising raising with us and helping us just kind of continue his mission for you guys and you mentioned a second ago about meeting parents. What was it like meeting other parents of kids will then fema and support group education sessions. What were all those events are although sessions like four you was information overload now. I like to believe that since. Nicolas has had limited. Ems the baby that. I'm pretty savvy in his condition. I did not realize how much i did. not know. So with all of the education sessions We learned a lot nicklaus learned a lot. we use lauren's to- wrap technique every night religiously in every morning when nicholas Off his night garments unwraps his toes he marvels at house. Toes are his mom. You paris into the sausages were before and the support group i think was one of the hardest parts of camp one of the best parts of camp from a gonna try not to cry We spoke about a lot of things and to hear other parents have the same insecurities as you do go through the same struggles Made you able to cope with things a little easier. Okay At it's funny because i was just having this conversation with my mom the other day because she asked me. What did you get a camp. And i said. I don't think i realized how much i need it for a number of different reasons for learning things knowing that there's certain therapies out there understanding certain parts of pediatric lengthy ma that some questions that i've axed over the years really Don't get an answer but when you speak to other parents there's enlightenment there because they've gone through some of the same struggles that you have edge. I tell everybody when they ask about camp. I said it was exhausting physically and mentally and emotionally but by day five. I didn't wanna leave. What you just said really sums it up is that it was really like overwhelming and kind of exhausting. But it was like i want more. And i'm really encouraged by it. I think and i think it's an amazing feeling that just thinking about how much camp impacted my life. The nicholas's life in the matter of five days is unbelievable. it's magical way to put it And i am extremely grateful to be able to have that. Experience isn't going to be cool and like ten years or something. When nick replaces mary or something. May mary's out on maternity leave because she has seven kids or something and nick is going to step up in be volunteer. That'd be super cool. He'll be much more talkative than he is on the wall. That's the truth. that's the truth. I was wondering since coming home. Are there any other changes that you've seen that you guys have made from what you learned camp Yes use the to- rats we also wrap his A little going into syrupy. We have the supplies that we got from camp. Which is a huge plus. Because it's always a fight to get that covered by insurance and so anything that we get covered by insurance is sort of extra and don't have to worry about it. We already have those supplies And then we also are trying to get A pump for nicholas while we were at camp nicholas tried the pump and for a while We thought that the pump was snowing to do more damage than good. Which is kind of what we got from the therapists in our doctors because of nicholas is age and he's still growing but then after having some of the education session and our discussion with dr And arkansas with warren. We were like he's already has lift emphatic sorter in.
"nicks" Discussed on Lymphedema Podcast
"Ms nicholas. I'm tenure job. I love to play soccer. And i think you're pretty good at it. I remember seeing. You can't messing around with some soccer balls or some kick balls or something. You're pretty good. It's okay we have wanted amount of my left leg up to the end of my right leg up to buy. And i don't like i can imagine i wouldn't like it either but hopefully camp made it a little bit easier for you knowing that you weren't the only kiddo out there with lymph edina right yeah and some other kids really liked soccer too. Was that cool. Meeting some kids with medina. That likes soccer play. Yeah so i was wondering were you nervous before you came to camp not really actually pretty excited nice. What were you most excited about. What were you looking forward to. Meeting other kids with what i have. Do you remember who was the first kid you met. Dear member with that was like I remember the first kid. I met ruby. We met her in the airport. But you guys hit it off right away drawing out the rest of the day while you're in the airport waiting to be picked up pretty much so today i was actually going over some old footage of camp old footage but does some highlights. Because we're getting ready to make the video for the event coming up in august. And i got to the rockwall climbing in dish. Reminding me all over again about how stinking tall that rockwall was I climbed the one that was inside. It was relatively easy in. I'm just wondering what was it like for you to climb to the top of that rock wall. That was the first time i've ever climb to get to. The talk was amazing to me. How many times did you try. Was that your first time. You have to do a couple of times to get the hang of it. I think it took around six or seven times. Wow but you stuck with it and it was hot outside. It was no clouds out. I think it was just all sunshine. Were you really hot trying to climb up there seven times. Mary very yeah. I saw on the clip when he came down. And everybody gave you high. Fives you went straight to. Your water bottle was refreshing though because was just hot Hopefully hopefully got a little ice cream or something after lunch and that made you feel better. Did you wanna rock room at the beginning. Were you afraid of the high or just that you hadn't done it before both. And how how'd you change your mind. Who changed your mind carrying me to who did erin. I'll yeah karen she. She tried and she didn't make it to the top. Remember that. I think that's pretty. Cool that you care into the top brag about that next summer for sure so we already talked about when you met ruby What was it like meeting some of the other boys with lymph edina it. Camp a kind of felt the stadium as media girls but like i just felt a little more excited because i knew that would be able to get them to to get to know them a little more. That's good you. Java sleepover something. That first week the last night it was human keaton. I thought that was pretty cool whenever we all were kind of talking afterwards at night after y'all treatment and you guys i think we're bunked up in the same room. That was pretty fun You today right yes. Yeah so he talked to kate today. And our thank. You guys played games online to get to talk to kate in very much. The kind of keep up a little bit Playing games or facetime or something. We haven't facetime yet but we have played games together. So i was wondering if there's another kid listening who may be kinda nervous for camp next summer or is thinking about wanting to go but not really sure what it would be like. What would you say to another kiddo. That might come to camp next summer. But maybe kinda nervous or not not really sure what to expect. What would you say to them. There's not really anything to be nervous about. Like just enjoy yourself in have fun. I think that's good because even before you got to camp when you guys were just at the airport. Your fun started right away. Ha who do you wanna share any other memories or activities from. What did you would you you come back. Yes i think you said absolutely it before even got the question out. He answered good. I would absolutely go back to next summer. Just to hang out just to see you again are christina will. Thanks for letting. Nick sitting south for a little bit as a parent. Were you nervous about coming to camp. I was a little nervous. Yes because i didn't know what to expect what we were walking into and like. Nick said i was excited as well more so along. The lines of meeting our their kids like nicholas and other parents sort of go through the same struggles sews a little bit of borough. So it's definitely nerve wracking. But i was also excited. This isn't or wasn't the first dima fain you had done. I know that like in your area. You guys have raised support for other organizations and nick his kind of help so it wasn't the first time that you had done something related to lymph edina but i'm just wondering. Did you feel a difference in like some of the stuff you guys had done before. I is coming to like a folk pediatric focused event. Yes so i've actually done some support our brown to lifting support group The therapy center. That nicholas goes to but i was the only parent nicholas was the only child We had been active with one of the offer. Prophets nicholas when he was five We went up to albany to advocate for treatment act will for olympic Research and grants and nicholas was named on a youth advocate for them He was also supposed to lobby for the Treatment act in Dc in march. And so we've been active in olympic team of community. And we've attempted to do some You know pediatric type events. Which unfortunately we were scheduled for may at twenty twenty nine that got cancelled but.
"nicks" Discussed on Lymphedema Podcast
"Welcome to vima podcast. I'm betty westbrook a certified lifting therapist and the voice behind limiting podcast. The purpose of this podcast is to provide answers at explanations for people affected by the lymphatic disease. When fifteen minutes. This podcast is for patients. Family members medical professionals. And anyone interested in lymph dima each month. I will discuss a new topic related to this disease to help you learn more and navigate. Better your journey ahead between shows you can catch me on. Igt or instagram. Tv as well as monthly live qna sessions. I'm so passionate about teaching others about fifty months. That i created this podcast just for you. Thanks for joining me. I hope you're ready to learn something new to me. Disclaimer as a certified lymphoma therapist all information provided is based on my professional experiences in education. I recommend that anyone who feels they have email or have been medically diagnosed with Seek in-person medical treatment from us certified. Nothing hey.
"nicks" Discussed on Pop Shop
"A mike. There's a fucking tapping on pop radio each. It's so funny to me And great and awesome and that comes like again. That's postie being like dua guitars. Like it's a ozzy salt lake. Let's make this a ahtisaari coming from a fan perspective. Like every ozzy song has a great guitar solo right Classic whether it's randy rhoads zack. Wild or stuff sabbath or jackie lee later. You know that they're just the you wanna hear the solos so you know it was posts encouragement and then the thing happens with pressure. Where hey you're doing a solo on an ozzy song so step the fuck up and i like pressure. I like being made to perform god who perform right. Now you know and so it was just. It was so much fun. I think chad was over while i was doing solo. And he's always like the best cheerleader. Because it's like it's good enough for chad. Maybe maybe it's good enough for everyone else. That's out like. I always think in terms of the guitar parts. We caney mean i realize like we could sit here and geek out for wild but i wanna truthfully say that like haiti and i have said like there are so many of your songs in past few years. Richest like man. This is so amazing. Lake the the miley record like five sauce. Like it's just it's just sort of insane kind of the the breadth of the production. And this is where i was gonna say something about stevie nicks but that will just fall into a rabbit hole probably sudden right now. Now you can man all good did you. Did you actually get to interact with stevie in any capacity or was it all through email or something i did. It was really really great We were working on the song And poor speaking sky odyssey the remixed version. Just one. yeah that was. Yeah you know when we were doing the song and the song has it's obvious not edges seventeen Miley reached out to stevie being. you know. she's so. Respectful are creators of of You know lineage. Of music realtor to show the song and be like. Hey you know this has a little nod to you. I hope this is cool and stevie in stevie fashion which now i know 'cause i got to talk to her a little bit was so receptive and so cool and was like i don't even hear the similarity besides that guitar rhythm. I love the song. It's so great. So it was kind of like the natural progression which that in her doing doing the remix And then you know we were. We were working on it and talking to her over the phone because there's in covid. Her assistant actually recorded vocals in her apartment. And we were kind of sending them back and forth doing notes together and she stays up real late really so you know i would get this call from an unknown number after she would hear the next bounce and i remember kind of fallen asleep in my bed one night talking stevie nicks about Just we've just got into a whole conversation about the world and then it was kinda one of those things where i was like kind of dozing off until an amazing dream. Steve is talking to hello still kinda kinda there. But if felt like a dream and it was a dream And we had to work through the wee hours night to kind of get it done in time for when they all wanted to come out But another situation where is like is this fucking real like you know steve. You know that song is one of the greatest recordings ever And then i got to get the multi tracks and fucking listening to them in the studio playing listen to those drums by themselves and listening to that amazing waddy wachtel guitar by itself. And and sit with it in my. It was what inspired me to make the other songs so it was it was just really kind of surreal and amazing and those kinds of things you know you you just do for the love of music and it's like one of the one of the perks of doing this amazing job. Is that you get to connect with you know people that have touched you in the reason. Why your ear and it's never lost on me and i'm so grateful for the opportunity to do that. You know i love. I love the fact that what can like is is a student of liner notes. Knows all the guitarist and players on all these incredible records. And as i am by dad had a huge crate. Vinyls as a kid and i sat and i went through every single lawn and read every single thing. And who's playing those horns on on the odds michio parker who's like learning all those guys you know just a those guys are the shit and that's that's what. I became a studio musician playing on other people's records and stuff like that like you said who's a qatar player on the post malone song like this just you know you hear something that touches you needs to be able to flip over record and says it boom right there A student of liner notes. The best way. I've ever heard it put my thing all let you take it away from here and do what you want to take what you want. I would like to do and say thank you so much for talking to us today. We really appreciate it and can't wait to hear more music from you coming soon working on right now and just kind of run outside because i could realize that through my basically you might be able to hear something. I was working on that. We didn't we didn't have. It's probably just stevie nicks recording her next album with you wish. Can we just make that happen. Let's just wishing to the universe. Nato happen that would be so cool. We really appreciate it. Thank you guys had a blast. Thank you be good. Thanks no.
"nicks" Discussed on PLAYING GAMES with Strangers
"Church later. I'm sorry that we kind of overwhelmed with everything and Why are you gonna want me. Am i gonna win as you look down at your body. You see a glowing case symbol. Oh that well consider it like a mistake. Yeah i'm gonna go in. And he watch him as his body contorts inward like this and his arms develop fleshy flaps and he turns to a massive bat and a can. We also who's k. Going can we all see poos k. Glowing yes hello what. Why is that still there. Were you paired. When would if you know what. I mean no no one no who went out of my nose back into your nose. Oh yes he did. Say something about you being endanger. Perhaps we need to this k. Like we the symbol like we did when it was on the ground. Does anybody have a knife. Was ovar when you need them. That's what i was gonna say. Just cut off his on. Well it's on so i'm actually. I'm i'm pretty. I'm pretty certain. He said he carved you those arm And see. I thought it was like chester stomach. See i did to his chest. Although i've had thoughts like that and it's not a pretty thing so i would. Let's not lose the arm. Can we cover it up bandages. Something like that. I don't know if that would help like everybody present to make a perception checkpoint twenty seven a tough fourteen solid eight all right for those of you who rolled higher than a ten. You know so win. The wind has started to pick up a little bit in your general area. And you're starting see little wisps of yellow fabric. Start to snake their way into your guys area and start to circle around in general could concentric circle. Does anybody know what that meant. It's wind that's when the wind blows. When she the wind blows yellow fabrics. Well mean if there was fabric and then the wind brewer assume yes. You don't seem very convinced. Perhaps heading back to the yawning portal would be the best course of action at this point. this wouldn't have anything to do with the The markings we just saw before. I just you know the the disappeared for kings. That will marcus on the side of a wall. Did we try to read these magi. It was more of a symbol than marking little. It is time to go gentlemen. Let's go here's that everybody. Yeah i is is the simple and aliens neck showing or is it gone. That's gone but the symbol on pu is lit I'm going to rain. It's growing fast protection from evil and good on. Okay what are you. What are you doing this hug column snow so as you hear that you guys see that. The yellow fabric has grown and developed into the shape of a humanoid figure and then it solidifies into a man in a yellow cloak a tattered yellow cloak. And he's got a kind of a a mask that's made up of. What looks like basically skin. Does he have point two years. I'm gonna stealth. He's got see. Does he look familiar. You remember seeing this mask in its creation. When was it created does need before it was pulled off a somebody else's face. oh you know and it was created. Do you wanna tell me. When i know you know you can feel his symbol around here. This own thing is. Is you yuma piglet mass. Sweet nope this is posing with g. h. at the end the pretender. Well i. i don't think it's a good idea to keep talking to this guy. Tell me who tell me where is map. I haven't seen him around anywhere. I'm gonna elbow poo. I'm i have no clue what he's talking about. So just you conduit was empire around here. Pu stop talking. Are there two ways out of the sally or is he blocking the entrance. He's standing behind you. Go further down the alley. So where is us we need to have. I'm gonna cast zona. Truth was that i'm gonna cast zone of truth. Okay let me grab my book here and it everyone to make smart saving through those. Even though i'm still two way does it still affect me If you're oh. I'm inching away down the the alley. Probably i am centering. It on the yellow okay. Thirteen for me charisma. Saving throws charisma. Saving throws charisma. Seventeen wow natural. Twenty db mac high got house. Yeah i got a twenty six. Dang let's fine. It's whatever signed whatever. Where'd you get pu. i got a thirteen. Who has to tell the all right.
"nicks" Discussed on PLAYING GAMES with Strangers
"Day. The question is perhaps. Are you already dead and not willing yourself to move on. He looks incredibly confused. Like you asked a question that was so far beyond his comprehension that you understand the term indebted. Yes that means a live by definition right. You would think but it's sort of like a triangle at one point. There's a live at the other. One of the other points is dead and then there's a third point on dead neither dead nor alive. Is there another point. that's on alive. That would be the same point but we turn it on dead. You are at that point. What i can do is introduce an element to the situation. That will sort out what you need sorted out if it means going onto your great reward. Then that's what will happen next kind of assume there is a reward. Waiting doesn't it. It does bold assumption. One based on prophecies and history yes histories pretty one-sided don't you think man's history yes church I mean if nothing happens then that is what the deity would would deem necessary for you but it could be something that moves you on towards that great reward can't you just. He'll this undid noose. I cannot but the deity can roll persuasion. Check i'm gonna put leave it to the dice on this one. Great thais out caloms going to be slowly stepping away. Just atavism six. Actually that's called net. One son goes. Don't count for ability chicks. Who's the dm here still. It's a six and he's like I think i'll try my hand trying to find someone who can actually cure this. But i appreciate your concern. Look is i'm to be honest. I'm not happy about the situation. I'm in but i'd rather be this than dead. And i know i just said that i ate my mother but i didn't kill her so she's alive in a matter of speaking. So is she a vampire than in a matter of speaking perfect You know question for you just throwing that out there as a little you know thought exercise fun filled activity for us all to practice together. Maybe you know. Now you're a vegan reich. You said so. You're not gonna go around hurting people on purpose right not on purpose. Is you mother of egan. No great so what happens when she goes out and perhaps feeds on another person. That's not vegan and now that person goes out and feeds on another person. You just got a whole city of empires. We're cattle farmers perfect great so she's got cows. I see no problem here. anyone else. Not so much are you. What does it mean with the cows. Endless food kind of like for people who eat cows so any type of blood is acceptable or does it have to be human dragon born elf. What you say human. I tell you a letter doc sometime and you can go all right. Sorry i was getting caught up in the chat here. Yeah he's he's looks like was like look. I'm really sorry to bother you guys. It's just. I need blood to live but the idea of having it in my mouth just gross. They do make some straw Straw he gags so a weekend. Your muted alien. Our saying you should just jab the straw into the cow's neck that's still blood. Gross mouse tissues and fluids. You want to eat tissues and fluids. Nice nice fired piece of body tissue. Let's eat that with ami it's lovely and a bug. He's so just cook into that land. You believe a set of cooked church if you would like i could perform this ritual and solid past my dude. Whatever happens whatever happens would be your destiny if it is to continue in this life. Then this is what would happen but wouldn't also my destiny. Be to become vampire. If you're allowed that to happen. He may have allowed it to this point. Yes and thus by allowing me to make this decision. If i say i don't want it the first time wouldn't that be my destiny. If that is your choice. Yes but since vampirism is a danger to the public we may come into contact and conflict again and this would be a way for us to to determine whether or not this is is the course that you should take. He looks over at kalemie goes did he not hear the cow comment now. I don't normally when a role against other players. But how likely does it seem. That gareth is going to try his divine means. How likely is gareth. Act actually you know what callum make an insight check. i mean. i've just been well since. I've had to do this. I love an inside. Jake's and gareth if you were hiding the fact that you're gonna fire this puppy off make a deception check if not then make a another persuasion twenty two. I got an eighteen on persuasion. Garrett how are you gonna do this callum. He is very. He seems very sincere about allowing. He seems very sincere about allowing choose to make his own decision. Okay so huge says now. You're not gonna do it. That's that's the vibe. You're picking up okay right right. That's all kilns once player on player action here on no. I wasn't going to do anything to gareth. Oh no not at all under percent not gonna do anything a year he looks at you and dave shoots looks at us look. You're kind of freaking me out here. So i'm i'm gonna go.
"nicks" Discussed on PLAYING GAMES with Strangers
"Jazz what time of day is is the evening it was. It was dusk when you guys walked into the yawning. The sun has since said not long ago. Yes it is night again. what What what what times do the guilds usually stay open. Tell what kinda guild. While i was going to check with my guild. I but probably you mean you mean your church. The the whatever the paladins guild whatever in town i don't have a guild. They are commissioned by the church I would probably go to a magic users killed or some sort of hospitallers or something hospitallers. Okay hospital all right so you you find a place. That's called dr knicks. Everybody you find. A place called dr knicks a store of hospital energy. I love hospital energy. does it look reputable. Does it look like something that might be able to help. It looks open well other than that. How's it looking looking close. I don't want like you know close to your body want competent to heal my leg not close. My name is competent. I mean if you want to hobble all over town at night. I'll we can play that game too. I'm going to. I'm going to opt for competent over. Open the only one open. Sorry garifuna hobble in buddy. Let me get to more ails in hobbling. I don't know if you could have you seen the size of. He's rather big while okay. So if you're going to look for some place other than dr knicks establishment of hospital energy. You'll need to make a investigation check. Anybody wanna help me. I'm going to to knicks. nope change. Yeah you know. I mean you search around and you find a couple medical purveyors. But they've closed shop for the evening away tomorrow. Did anybody else go with or or anybody else. Go with gareth gareth to help help him Hobble around gareth. I i think this knicks shop. I mean look at look at the sign that bright red paint and i hope that tread paint Did anybody else other than google them or is it just now he. He didn't ask for help all right. It's funny. I'm not used to seeing myself on the screen so i'm sitting there staring at my box waiting for myself to respond. Everyone's responded except for you probably would've asked for help but john just sort of took us right. That's because he's just like going a k. Like my first answer. So can i not getting dr. Nixon door has well hang. Hang on a second because you guys been searching around in. I'm using this to bring in an element. That i've been waiting to pull out is it the water elemental is this. The element of surprise is the air. There's this whole time rocks falling rocks. It's rocks i was running where stoff Okay so you guys are leaving the the sanctuary of the blue cross for it sign. It has a blue shield and the medical workers got that And as you're walking past the alleyway. I need the two of you to make perception. We'll both perceive in exempt. Not i think that's a perception plus two. Tell a steve. Steve four eleven all right putting together and we might perceive actually actually joe. Cya beat the dc on this. This wasn't a particularly hard roll. Gareth you are too consumed with your own disappointment having to wait another day with your bum leg but pu you hear a very distinct sound of someone throwing up in the alleyway as you're going i know that sound the sound of someone puking do you hit. Hey gareth. there's somebody down this alleyway. Do you need assistance. You just hear so. It sounds like it. Sounds like he's crying. I thought maybe maybe the age of a teenager this and he's he's very somebody either crying or puking down have gareth. I think we should you. You're very good at at helping people in their time of need. Also hello friend. Can you hear us. Oh my gosh. Their approach. And i give i try to give a comforting smile. You want me to do to performance for that Actually that's going to be. Yeah i have my head on that. It's not doing anything for you so that'd be three he'll you know. Would you like a biscuit. I can't and as you approach him what you see as you're seeing a elf. He's got elvin ears short black hair probably about as long as josephus hair. He's incredibly he's incredibly pale and and as you look at him and looked down. He's he's actually been throwing up blood. Oh that that doesn't look very good Do you need some help. Do you need medical this new guy. His name is dr knicks. he's still open. i can help him i. I don't think you guys can help me. What seems to be the matter. Well my name is. My name's huge huge. Well i used to be dead on if you if you if you would believe it but a little while ago I just woke up..
"nicks" Discussed on PLAYING GAMES with Strangers
"I'm wilder filch. And you'll listening to playing games with strangers. But i his word from sponsors clara works at the library which is perfect because she is always loved to read gardening sections yes. It's right down that aisle anne hathaway right. You've got to sign up but when she discovers a book has an uncanny symbol in our own life story. I found it under one of the tables when i was vacuuming. There's no title or barcode or anything. Clara begins to question if the library is as innocent as it seems. I asked you a question. You have to tell me one of the library. A library is the best place for you right now. Rene volt zack phillips. And klay carb right star in this beautifully tragic. Fill about life and what is truly important. Watch the library by just cya crandall on youtube and amazon prime video. Hello it's me column. We haven't talked about thought. I should let you know. We have a patriotic now. Very official patriotic dot com slash playing games for strangers. We've got three different tiers bonte different content. You can get so you know if you feel like support in the show and support me. Bite appreciate it. I'm very broke both physically and financially so head on over to patriots and find things like early access shoutouts on facebook and even the chance to watch us for life. you know. Support your favorite undefeated hero. I.