35 Burst results for "One Hundred Billion"
AP News Radio
Germany commits 100 billion euros to new armed forces fund
"Germany commits one hundred billion euros to its new armed forces fund following heavy criticism from its NATO allies German chancellor Olaf Scholz says the country is raising its defense spending above two percent of its GDP with a special military fund Schulz's announcement which came during a special session of Germany's Bundestag Sunday morning was the latest in a series of major shifts in German defense and security policy in response to Russia's invasion the government also announced it would be sending weapons and other supplies directly to Ukraine the move is significant for Germany after it has faced criticism from the US and other NATO allies for not investing adequately in its defense budget I'm Naomi shot in
AP News Radio
G-20 opens with call for more vaccines for poor countries
"Its lease prime yeah Mario Draghi has called on the world's richest nations to pick up the pace and getting Kevin nineteen vaccines to poor countries Draghi his the host for the two day group of twenty summit to rhyme said that any three percent affects native in the poorest countries while seventy percent in rich countries have had at least one shot these differences are morally unacceptable and undermine the global recovery global health and the economy all themes running throughout the summit as world leaders will grapple with the same issues ranging from climate change vaccines economic recovery an international taxation for rich countries vaccines and stimulus spending have restarted economic activity unfortunately no income developing countries don't have the resources to jumpstart their economies as they struggle with vaccinations and financing French president Emmanuel McCall said he expects the G. twenty to come from an additional one hundred billion dollars to support Africa's economies I'm Karen Thomas
UN News
Guterres Condemns Yemen Executions by Houthis
"U. n. secretary general antonio guiterrez on monday urged world leaders to take action to get sustainable development back on track before it's too late to change course at a meeting in new york on the sidelines of the un general assembly. He insisted that the road to recovery after kovic was mapped out clearly highlighting several challenges. The un chief said that corona virus vaccine production needed to double to reach seventy percent of the world's population by the middle of next year. Bold investment was also needed in education welfare protection healthcare and jobs. Mister guitarist continued at the digi moment. Event as he urged an end to tax evasion money laundering and illicit financial flows the third global challenges ensuring equal rights for women and girls including in education everywhere. The un top official maintained as leaders heard his call to put an end to the warming lead against a planet. The only way to do this by committing to zero net emissions by twenty fifty said mr perish by dedicating one hundred billion dollars a year to climate action and by saying no to more coal-fired power stations after twenty twenty one
The Interchange
Why Fertilizer Is Such a Big Climate Problem
"Us an overview of the fertilizer market as it stands today jordan so the fertilizer today largely defines three major farm inputs. You have nitrogen phosphorus and potassium as well as a variety of other micronutrients in addition to those three macronutrients By far the most important is out of the first the nutrient nitrogen which is extremely important in supporting our global food system and You know there's a study by mit that says without Without the production of these nitrogen. Fertilizers you could only support about. Three billion people on earth and so This marketplace is commensurate huge. So it's it's over one hundred billion dollars if you include the distribution costs just for nitrogen fertilizer. It's it's composed of several hundred very large factories. And sometimes these larger are called world-scale factories that produce a chemical known as ammonia which is today and has been for the past one hundred. Twenty years defeat stocked. Almost every single other type of nitrogen fertilizer fertilizer starts at these factories and then has to get From from only a few hundred factors to multiple billions of acres of farmland. And so it's a it's extremely complex. Oftentimes it's hazardous to ship it and it's costly and at the end of the day A farmer gets a ten fertilizer or a bag of solid for lahser on a his or her farm.
The Indicator from Planet Money
Child Tax Credit Checks: Will They Do Enough for America's Impoverished Kids?
"Nearly twenty percent of children in the us live in poverty in fact the us is ranked one of the worst countries in the western world for child poverty rates and this of course puts children and their families really terrible situations every day. Things will only getting west. During the pandemic and in response congress significantly expanded the child tax credit that expansion was extended on president biden and starting next week. Millions of parents will get monthly payments throughout the rest of the year. The net result of all that is we're gonna cut childhood poverty in america by almost fifty percent this year. This is senator michael bennet of colorado. He's pushing to have the expanded child tax credit made permanent and he's working with the by the administration to pass legislation. How expensive would this be. It's about one hundred billion dollars a year. that's a lot it is childhood. Poverty is which dillard cost us a trillion dollars a year. So i think this is money very well spent that trillion dollars. That he's talking about is the estimated amount the us spins every year of combating child poverty and its effects like health problems employment problems later on housing insecurity. Here's the thing about this program. Though the child tax credit does not just go to families who live below the poverty line or even near the poverty. Line the money also goes to families who make middle and even upper middle class incomes which seems a little strange right like if your goal is to reduce child poverty and you only have a certain amount of money to spend. Wouldn't you want to target that money to get as much of it as possible. Exactly to the people who need it. The most instead of giving some of the money to people who aren't in great need and in some cases are financially. Pretty well off.
Bitcoin Audible
"one hundred billion" Discussed on Bitcoin Audible
"I i wrote about bitcoin in november. Two thousand and seventeen had that big bull run that caught the world's attention. I took a rather deep look at it and sort of the broader digital asset space. As well i came up with some rough pricing models. But i had concerns about the health of big wins network effect and potential loss of market share along with euphoric price action. At that time. Bitcoin was about seven thousand dollars per coin and had a total market capitalization of roughly one hundred billion dollars however bickering dominance referring to the share of bitcoins market capitalization relative to the broader digital asset industry was at a low point and declining and bitcoin cash had hard fork from bitcoin and split the developer community. To some extent there were over. A thousand crypto currencies including some large ones. Like therion back. Then i couldn't put together a good risk reward model for bitcoin. The others especially given how much price enthusiasm there was. So i passed on. Participating just kept watching over the next two years. The industry had a big bear market and many digital assets collapsed in price. Most of them still haven't recovered the previous all-time highs however bitcoins network effect continued to strengthen. Since then i ended up by bitcoin. April of twenty twenty ironically at the same price of just under seven thousand dollars that i analyzed that back in late two thousand seventeen but with significantly less risk in my view even as the prices increased since then i continue to view bitcoin as a favourable.
Science Magazine Podcast
"one hundred billion" Discussed on Science Magazine Podcast
"We find many things but nothing has the potential to have the greatest philanthropic return to help the most people in the most meaningful ways as medical research and then within that vast made i think the answers are gonna lie within the area of immunology. I believe that one of the most successful projects of all time whether you like the result or not was the manhattan project. you actually had nuclear physicists. Electrical engineers mechanical engineers mechanics welders. You had all these people coming together to work for a single purpose. We don't do that enough in science. We have to decide. Go all of these brilliant people and it goes to nih funded by the way we we. We should not be funny individual scientists which be funding projects. That require a multidisciplinary imports. It's nature of the world now. So tell us what you think. The federal government should do differently to get more of this kind of research going in the united states. Well so the answer has to go to. Nih because h is the largest single funder of academic medical research in this country. I think first of all the budget should be one hundred billion dollars a year. They shouldn't play games with Trying to increase it for the rate of inflation. If you look at one project that and i h funded the human genome project despite its price tag. It's estimated now that the return in terms of just economic growth has been two hundred dollars for every dollar invested. we can't afford to not fund age robustly and so what changes should happen at nih. Well i believe they should adopt more of a venture capital model in a venture capital model. You find maybe ten projects not with a lot of money a little bit of money and along the way some of the runway you don't you don't fund those anymore and the two or three. That seem to be going along well. You continue to fund those and if one of them makes it to the end it more than reimburses you for the ones that failed and this one that now has succeeded. We don't do that in h we don't do that in general in medical research because we tend to fund things that are just barely incremental. And there's an old saying that you cannot leave chasse of in several small steps so the great scientific discoveries the great inventions are all leafs. Yeah and so as you think about that. Do you have a sense of what's to high risk. I mean how many failures are you're willing to accept. I don't have a limit. that's exactly the point. I don't feel bad at all if we twenty projects and not a single one succeeds and done that. And we're doing that right now. It doesn't bother me a bit You know edison had tried all these different films for bowl but none of them work and so we said from. How's it feel to fail so many times and he said no. It's not a failure. Unless i stop and so. How should the federal government adopt that same kind of outlook when it comes to failures of federally funded research..
TED Talks Daily
What Farmers Need to Be Modern, Climate-Friendly and Profitable
"With me today. Is beth ford. The ceo of land-o-lakes a farming cooperative that works across the united states and in dozens of countries around the world. And she's gonna share with us her vision about how to create a better future for farmers. That's both environmentally and economically sustainable. Hi thank you so much for being here face for the invitation. I'm looking forward to the conversation. Let's first talk about the broadband issue. At how big of a problem is this. And how does it affect the farming community. Both as as you said as families and as businesses so the estimates have been that eighteen million americans lack broadband access. Fourteen million are in rural america. Now having said that the broadband. I'm trying to remember what the name of the organization is did a study and they actually say the numbers more like forty two million and the reason is the is inaccurate. So what could happen is let's have a seven eleven and a town in that has wifi or broadband access because they laid a line it would show up on the map though that largely has broadbent and it does not in so it's a significant issue. Think about the education of your children. I know you have three. I have three and they're you know many of them were doing remote schooling will. What's happening on the farm. This is legitimately. what's occurring. Is that the teacher from the town. Is driving paper homework out to the farms to give them the homework so that they can continue to go to school and and that's just one example of many and so this is a major challenge because if we don't have basic wiring we can say we. We need like a nineteen thirties rural electric initiative where we go across the country. And we make this. This should be a right. This should be something that is a basic like mail delivery electrcity. This should not be Just for those who have and the scale of it is estimated to be eighty to one hundred billion dollars to close this gap but the challenge of that is that You get the funding and then how is it implemented
TED Talks Daily
The death of the universe -- and what it means for life | Katie Mack [TEST]
"Hi neil degrasse. Tyson here guest hosting today on ted talks daily. Here's a talk from a ted fellow and fellow. Astrophysicist katie mac. She's a thought leader. Who's trying to make sense out of the complicated and theoretical issues related to the future of the universe. Wait wait actually. Her specialty is the end of the universe. That's where she's coming from or at least that's where she's going or that's where she's going to take us. Check it out. hello then. i'm chris hansen. The guy lucky enough to run ted now host a podcast called the ted interview and this on the show. I talked to someone really special name. The woman i'm married to jacqueline nova grads. She's been thirty years. Learning how to use the tools of business to tackle global poverty. We got drawn into capitalism raised to the rank of religion. And now we have an opportunity to have a very different conversation. Find the tudent. Few wherever you listen to costs. I showed people all around dc antiquites. My guests engaged. I liked his sprinkle in a fun. Factor to next off dupont circle. Also here's a lifestyle tip for you. Try apple pay. You can now just tap with your phone or watch to get on the bus or train all over the dc area at your smart trip to the apple wallet than just tap to ride apple. Pay on iphone now. Arriving on metro. Support for ted talks. Daily comes from odu dues suite of business. Apps has everything you need to run a company. Think of your smartphone with all your apps right at your fingertips odu is just like that for business but instead of an app to order takeout or tell you the weather you have sales inventory accounting and more union the department we've got it covered and they're all connected joined the six million users who stopped wasting time and started getting stuff done go to odu dot com slash ted to start a free trial that's od show dot com slash ted. I the universe. The vastness the mystery the astonishing beauty of the stars. I love everything about it. And i devoted my life to studying it from adam's two galaxies from beginning to end but lately i've gotten stuck on that last bit the fact that the universe is dying. I know this may come as a shock. I mean it's the universe it's everything it's supposed to be eternal right but it isn't. We know the universe had a beginning and everything that begins and the start of the story is familiar one. In the beginning there was light. We know that because we can see it. Directly the cosmos today is filled with low energy background radiation leftover from a time when the whole universe was an all encompassing inferno in its first three hundred and eighty thousand years space or dark. it was thick. With a churning humming plasma it was hot and dense it was loud but it was also expanding over time the fire dissipated and space cooled clouds of gas pulled together by their own gravity form stars and galaxies and planets and us and one day astronomers using a microwave receiver detected a bit of static coming from every direction the sky the leftover radiation from that promote. He'll fire we can know map out the cosmos to the farthest reaches of the observable universe. We can see distant galaxies whose light has taken billions of years to reach us so by looking at them. We're looking deep into the past. We can watch how the expansion of the universe has slowed down since that hot early phase. Thirteen point eight billion years ago we can see collisions of entire galaxies. And watch the star formation the result from the sudden conflagration of all that cosmic hydrogen and we can see that these collisions are happening. Less and less. The expansion of the universe isn't slowing down anymore. A few billion years ago. It started speeding up. Distant galaxies are getting farther apart faster and faster star formation has slowed in fact we can calculate exactly how much and when we do we find something shocking of all the stars that have ever been born or that ever will be around ninety percent have already come into being from now until the end of time the universes were he'll just that last ten percent the end of the universe is coming. There are few ways that could happen but the most likely is called the heat death and in agonizing slow languishing of the cosmos stars. Burn out leaves smoldering ash. Galaxies become increasingly isolated in their own dimples of light particles decay even black holes evaporate into the void. Of course we still have some time. The heat is so far in the future. We hardly have words to describe it long. Past a billion years when the sun expands and boils off the oceans of the earth long past one hundred billion years we lose the ability to see distant galaxies and that faint trace of big bang light long after we are left alone in the darkness watching the milky way. Fade it's okay to be sad about it even if it is trillions of years in the future. No one wants to think about something. They love coming to an end as disconnected as it may be us here now. It is somehow more profound than personal death. We have strategies for accepting the ability of that. After all we tell ourselves something of us will live on. Maybe it will be our great works. Maybe it will be our children carrying on our genetic material or perhaps our basic outlook on life. Maybe it will be some idea worth spreading humanity might venture out into the stars and evolve and change but something of us will survive but the universe ends at some point. We have no legacy. There will come a time when in a very real sense our existence will not have mattered. The slate will be wiped clean completely. Why should we spend our lives seeking answers to the ultimate question of reality. If eventually there will be no one left to tell. Why build a sandcastle when you can see that the tide is coming in. I've asked a dozen other cosmologists. And they all had different answers to some. The death of the cosmos seems right. It's freeing to know that we are temporary. I very much like our glibness one told me to others. The question itself motivates the search for some alternative theory. There must be some way to carry on the slow fade to black. Just cannot be our story ends. One found comfort in the possibility of the multi vers. It's not all about us. He said personally. I feel lucky our cosmos existed for billions of years before us and it will carry on long after. We are gone
Something On My Mind | Personal Finance
"one hundred billion" Discussed on Something On My Mind | Personal Finance
"And sony was done with those folk songs and we'll flip over and go to the next set it because it's just tape right and these tapes here this guy turn them into this version. Here is amazing though how you this is always what fascinates me about people that invent is that. How do you have the vision. Where does this vision. Come from he's like all right. This is too big and chunky. i'm gonna just minimalized. He's working with those literally. The vision you've just you just said he said this is too big and chunky. How do i minimize big envisioned boards. She she likes the vision of the board but it doesn't actually use. It expires probably looked at the eight track player and said okay minimalized. This figure out. I'd do it does tapes. The same right yes. I come from a long line of inventors also. So that's i am not i. I am not the inventor visionary and our family. I have good ideas sometimes but well basically anyway. It made things a lot similar because eight track players were giant. And here's the other thing is a couple of other things really is that you could have. I had a dual track player. So i had one here and then if i if i bought like say. It was the eagles again. I could record the eagles on a blink one or it was playing on the radio. And he's not gonna read out just hit record songs and that's how you built your playlists. Yeah so oh and mix tapes. I mean we would. I think i still have. I have a box of my original mix tapes of things even recording. So you could go on record on these radio would be going. Hey up next we're gonna play Stairway to heaven by led zeppelin and clap for the wolfman. By the guess who. You're like waiting for the guy to come on and time but i remember they had the recorders that you would put this cassette tape end and you could push record and i have to dig that up original recordings of me and my best friend crest when we were little on these little cassette tapes like it was just this huge dominant. It's so little and we record on it. We could talk on it. I mean i guess. That's how old i am. I made like are you well. I know i mean. It's so much cooler now. I mean it's so much more convenient and near the skip the song of you. Don't wanna listen to it like with it if we listened now through an mp. Three of this hit the song that i want. You don't have that luxury or same thing. If i don't like the next song. Lift up the needle i now. I think we're going to put the link out on the podcast. But they send in this article in estimated one. Hundred billion cassette tapes have been sold one hundred billion. How many two billion How many Sold around the world since they were introduced in the early nineteen sixties in the nineteen sixties. So naturally resurgence which is kind of helping with albums right now but sure. Yeah that was that was part of our youth and she's a pam's listening. I made about nine maloney's mellow mix tapes for her and now they're high school and now we were never romantically involved. It just made these tapes. And then i would stick something in the end like surprise song like kiss by prince or something. You have to listen to carol telling you we need to. We need to i mean..
Zo Routh Leadership Podcast
"one hundred billion" Discussed on Zo Routh Leadership Podcast
"You need to be different like you probably need to get a new ceo. And or is it possible for ceos themselves to change gears to have all the energy of a founder driver and then a different kind of focus and energy in style for a consolidator to a different than style again to being a renewal growth. Ceo what do you think could be the same person or does it have to necessarily be a different person. I think it can be the same. It's very difficult. There's not too many of us who can go through that transition. I had a number of clients over the years that became really wonderful businesses when the ceo realized that They weren't the right person to take one a quick story about. That's actually in the book as well. Is the the client that i started working with. When the company was at fifteen million dollars in sales and revenue. And there's the founder owner said to me. I know. I can't keep running this business. I'm at my max. I like the technical part of the business. I'm a great designer technical guy. I know the industry. But i know i can't take it any further and the family in the existing your owner. Ceo decided that they wanted a their vision was to get to a hundred million dollars in revenue in ten years and sell the business for a lot of money and they knew they had to bring in a new an outside ceo so we brought someone in who had been to the to the mountain if you will at taken company to one hundred billion dollars and that person then worked through and was able to to lead the company there but the key was that the founder owner didn't interfere. The founder owner was the board chair in a leftist ceo. Do what he had to do in truly be the owner in run the business so there has to be a a common vision and so to answer your question. Yes it can happen. But i've seen more successes win at a certain point. If you've your you you need to understand where your level is aware your limit is and then maybe move ahead or sell the business. Did i answer your question. I'm so curious about this. it does it. Does unlike part of me wants to say. Of course it's possible for someone to shift gears. It is possible. Why don't people do it. What is stopping them. And i don't think is necessarily that. They have they. Don't have the capacity for it but it might be. They don't have. I think what needs to happen is going to be the same person to shift into different mode. They kinda need to shift. If you think your values what's exciting to you their energy modality and definitely how you lead and manage exactly. He got to be happy changing those things. And i think what i know of and you might have a different experience. i'm not sure of founder. Ceo startups their single-minded extremely creative focused and driven. There's a whole bunch of energy that goes into create a process and parallel can also be because of all that Get caught in power trump. Ego trap are very eager oriented towards getting this thing off the ground. My or what's your experience in that..
AP News Radio
Amazon's Profit More Than Triples as Pandemic Boom Continues
"Amazon says its profits more than tripled in the first quarter for the second quarter in a row Amazon posted revenue of more than one hundred billion dollars it is one of the few retailers that has benefited during the pandemic as brick and mortar stores were temporarily closed people stuck at home turn to Amazon to buy groceries cleaning supplies and other items with pandemic restrictions loosening the reliance on Amazon doesn't seem to be dying down Amazon expects revenue numbers to stay high in part because it plans to hold its popular prime day during the quarter Amazon didn't specify a date for prime day but said it would happen before the end of June I made Donahue
The Strategists
"one hundred billion" Discussed on The Strategists
"Basically learn a lot like. There's not a lot of mystery still to come in the budget as a result. I'm sure there are some. I'm sure there will be you know there is money that's been identified as just like almost like not a slush. Sorry almost well. Yeah i mean that's kind of negative way to look at it or it's probably the accurate way to look at it. But i feel like green. Spending has not been articulated by that. It feels pretty articulated. Doesn't it carter interesting. do you feel the same. Let's start there two coreys corey's question i don't think those rhetorical so let's start there it titillated to you and then i'll jump into to my question of are we heading into an election carter or do you think there's more to come. I think we're heading into an election. But i think that the the challenge for the trudeau government is that this budget didn't align with the cova schedule. The covid schedule has knocked budget. A little bit off track. And that's put put the election call on a different pathway. Then perhaps they would have wanted now. I suspect that if you. I mean i am really interested. At one point. We speculated when when there could be an election and we talked about a candidate today you know kind of his our our third you know kind of kind of wouldn't it be fun to call an election on canada day. Now i just wanna make mentioned you were also the guy who said. Wouldn't it be amazing if trudeau ran an election during the us election in parallel. Just so let you know. I just want to let you know that candidate was one of the dates. That was that was another offer to the general public carter. I i think i've largely walked away from thing. Of course we don't have summer elections. But what if we did something where what if. What if something where. He called the election in the middle of august for early september. It really doesn't give you that much time to kind of moves past. what is come in right realistically. The summer is going to be. Lost are not going to be talking a lot about politics during the summer. So why not call it a little bit earlier Get it out of the way instead of having to wait longer. I think that he can't call it while ontario bc l. berta and quebecer on fire with covert. But he certainly can think about different and creative ways to get himself to that election. I do feel like this is an election budget. And i do think that there's still i don't want to call it. Slush funds but but there are still funds to be allocated especially around the recovery in in the back of my little head and it was about one hundred billion dollars. That's in the budget. But less articulated and i think you know it used to be the one hundred billion dollars was a lotta money so you can do a lot of things with one hundred billion dollars so i would think that if we're if he's spending one hundred billion dollars in the pandemic is I don't know. I don't wanna say over. But all but over one hundred billion dollars can go a long ways towards recovery wanted jumping. Yeah i was going to say one of the things. That's not in the budget at least in any kind of large amount and it was one of those things. People thought might be is infrastructure spending. There's there's not a lot of mention of infrastructure spending now. There's two ways to read that one is the message that the government has largely blood out there. Which is well you know. This is actually not a great time. for infrastructure. spending. The cost of inputs is very high..
The Great Fail
"one hundred billion" Discussed on The Great Fail
"The levels of leverage that they took on was multiple higher than even the most risky hedge fund. That's out there. Welcome to episode thirty. Two of the great fail a podcast that examines the greatest success. Stories and they're spectacular fails would lead to the demise of the most prolific people brands and companies. I'm your host deborah chen and this week we'll be looking at parque goes capital on march twenty six 2021 the financial world woke to the news the first signs of trouble trickled into the different media outlets and within hours. The buzz grew loud enough to rattle some of wall. Street's biggest players to the outside world in the center of it all was an unfamiliar and obscure name r k goes capital and then an even more unfamiliar name. Bill wong the founder of the investment fund. The word on the street was that are case. Had defaulted on loans that were used to build a one hundred billion dollar portfolio. The default men that now at stake was the face of some of the largest investment banks in the world along some complex derivative trades several march media stocks asian stocks and billions upon billions of dollars in losses. Dramatic headlines rolled out bill. Way the greatest traitor. You've never heard of and our cables liquidation triggers record crash confirming the onset of a meltdown for the financial markets. That long had desperately tried to contain days earlier would would be uncovered would become one of the most astounding and free just financial failures in modern history..
Bloomberg Radio New York - Recording Feed
"one hundred billion" Discussed on Bloomberg Radio New York - Recording Feed
"Pay all there's rookie here. A lot of people ask me what inspires your music and one of the big things is a strong sense of place. That's why. I love my home state of south carolina and want to share the awesome things that has to offer from the beautiful mountains down to the sunny coast. If got an all not to mention to my personal favorite great gulf and amazing food. Come see why love this place. Visit discover south carolina dot com. This is bloomberg radio. This is bloomberg daybreak middle. East our top stories this morning. A rollback to the exit powell says the fed is likely to reduce bond buying before any decision to raise rates while we waiting support for the economy playing bass crosses one hundred billion dollar valuation mark the food drifting the unconventional exchange whip whipsawed on its debut investors. See it as a huge win. Cryptocurrencies people's bank of china holds back from adding more liquidity into the banking system for a fourth lunch as listening reineck containerizing leverage. And we get the right decision from turkey. Native president would like the new-look central bank to lower interest rates but market forces. Were likely delay. The delivery of his orders goes eight. Am across the efforts manage and dubai. And i'm the community right alongside the feds powell thing..
Squawk Pod
Coinbase IPO: Here's What You Need to Know
"Today's most important story obviously is coin. Based going public and direct listening potentially valuing the company at sixty five billion dollars or more as it becomes the first major crypto business to go public in the united states investors hailing it as a bit of watershed moment for crypto attracting investors encouraging institutions to play in the crypto space and some recent private trades have valued the company at almost one hundred billion dollars. Of course this morning on squawk box co founder and ceo. Brian armstrong talked about the company's connection to crypto. Here's what he said. We're also might follow an index to bat or eleven bet on the crypto space. More broadly. Because we're kind of selling picks shovels. We're helping people access and use this new technology. So i think we're gonna grow along with the crypto space but if we keep growing share then we'll sort of be an addition of of that on top of the price of crypto hopefully
Mac OS Ken
Hawley Proposes Antitrust Legislation Aimed at Tech Companies
"Us senator josh hawley. Republican from missouri is trying to get his name in the paper again and by. Golly it worked. Oh not for supporting insurrection. This time rather a piece from apple insider says hollies proposing legislation that would block any company with a market value of more than one hundred billion dollars from conducting mergers and acquisitions citing a report from axios. The piece goes on to say holly's trust busting for the twenty first century. Act would reinforce existing antitrust laws with steeper penalties and a lower threshold for prosecution mullen number of industries would-be affected including pharmaceuticals apple insider sees the thrust of the proposal is aimed at big tech. The peace as the senator has been on the attack against tax and major platforms were accused of censoring republican voices.
The Breakdown with NLW
Coinbase Going Public Is the Bitcoin Bull Market's First Big Test
"This week on wednesday april fourteenth coin based will go public via direct listing on nasdaq under the ticker coin. The public listing is incredibly highly anticipated. By the crypto industry of course but also by wall street coin basis q one numbers were absolutely monster and saw some analysts revise their predictions for shares anywhere from hundred ninety five to four hundred forty a share even before the cuban numbers came out somewhere anticipating a one hundred billion dollar valuation. Now that number has crept up f. T. x has listed pre ipo contracts. And say the current trading implies evaluation of around one hundred forty billion to be fair the has been insane as low as nineteen billion to as high as over two hundred billion. I think however in many ways this event is taking on an even greater significance than just a high number and it certainly a bigger deal than just for shareholders of coin. Base in my estimation the coin based direct listing is this bull markets. First big test.
Daily Tech News Show
"one hundred billion" Discussed on Daily Tech News Show
"Well gm and ford have not taking this lying down neither neither toyota honda lantis but gm and ford have been taking chips meant for other less profitable cars and putting them in the pickup trucks. Because they know they can sell those and make more money off them but they've now have had to start building trucks without chips. They don't have enough chips even for the trucks anymore. So they're building trucks without the chips and then just parking them until they get the chips and they can finish the truck and ship it. Companies are also starting to move away from just in time inventory to stockpiling. That's something everybody did before the eighties but toyota pioneered. The justice system in the nineteen eighties bringing costs down. Toyota itself announced in february that it built up a four month chip stockpile toyota from the eighties called and said that's heresy. But that's the world we live in companies are talking about supply chain resiliency. Now they want to keep some of the cost savings of just in time but with flexibility like dual sourcing of parts closer production to your factory not ordering from so far away. In case you know book it's cotonou suez standardization of parts so that you can use things in multiple places auto parts maker. Dana is actually building a data sharing platform with suppliers so that they can see possible issues before they arrive. If you know parts maker three steps removed from the part you need is having an issue. You could start to plan better than finding out the day that the end part doesn't arrive because it's delayed electric batteries and motors possible crisis spots that companies are looking to try to avoid problems with and of course getting more chips into the system would help to. Tsmc just announced it plans to invest a further one hundred billion dollars over the next three years to expand its chip fabricators capacity. That's on top of twenty billion had already announced and follows announcements of expansions investments from intel samsung global foundries and more But this we keep saying we just need to push through the supply chain weirdness that was caused by all kinds of things in the pandemic..
Daily Tech News Showhttps://dailytechnewsshow.com/
"one hundred billion" Discussed on Daily Tech News Showhttps://dailytechnewsshow.com/
"Well gm and ford have not taking this lying down neither neither toyota honda lantis but gm and ford have been taking chips meant for other less profitable cars and putting them in the pickup trucks. Because they know they can sell those and make more money off them but they've now have had to start building trucks without chips. They don't have enough chips even for the trucks anymore. So they're building trucks without the chips and then just parking them until they get the chips and they can finish the truck and ship it. Companies are also starting to move away from just in time inventory to stockpiling. That's something everybody did before the eighties but toyota pioneered. The justice system in the nineteen eighties bringing costs down. Toyota itself announced in february that it built up a four month chip stockpile toyota from the eighties called and said that's heresy. But that's the world we live in companies are talking about supply chain resiliency. Now they want to keep some of the cost savings of just in time but with flexibility like dual sourcing of parts closer production to your factory not ordering from so far away. In case you know book it's cotonou suez standardization of parts so that you can use things in multiple places auto parts maker. Dana is actually building a data sharing platform with suppliers so that they can see possible issues before they arrive. If you know parts maker three steps removed from the part you need is having an issue. You could start to plan better than finding out the day that the end part doesn't arrive because it's delayed electric batteries and motors possible crisis spots that companies are looking to try to avoid problems with and of course getting more chips into the system would help to. Tsmc just announced it plans to invest a further one hundred billion dollars over the next three years to expand its chip fabricators capacity. That's on top of twenty billion had already announced and follows announcements of expansions investments from intel samsung global foundries and more But this we keep saying we just need to push through the supply chain weirdness that was caused by all kinds of things in the pandemic..
Daily Tech News Show
"one hundred billion" Discussed on Daily Tech News Show
"Well gm and ford have not taking this lying down neither neither toyota honda lantis but gm and ford have been taking chips meant for other less profitable cars and putting them in the pickup trucks. Because they know they can sell those and make more money off them but they've now have had to start building trucks without chips. They don't have enough chips even for the trucks anymore. So they're building trucks without the chips and then just parking them until they get the chips and they can finish the truck and ship it. Companies are also starting to move away from just in time inventory to stockpiling. That's something everybody did before the eighties but toyota pioneered. The justice system in the nineteen eighties bringing costs down. Toyota itself announced in february that it built up a four month chip stockpile toyota from the eighties called and said that's heresy. But that's the world we live in companies are talking about supply chain resiliency. Now they want to keep some of the cost savings of just in time but with flexibility like dual sourcing of parts closer production to your factory not ordering from so far away. In case you know book it's cotonou suez standardization of parts so that you can use things in multiple places auto parts maker. Dana is actually building a data sharing platform with suppliers so that they can see possible issues before they arrive. If you know parts maker three steps removed from the part you need is having an issue. You could start to plan better than finding out the day that the end part doesn't arrive because it's delayed electric batteries and motors possible crisis spots that companies are looking to try to avoid problems with and of course getting more chips into the system would help to. Tsmc just announced it plans to invest a further one hundred billion dollars over the next three years to expand its chip fabricators capacity. That's on top of twenty billion had already announced and follows announcements of expansions investments from intel samsung global foundries and more But this we keep saying we just need to push through the supply chain weirdness that was caused by all kinds of things in the pandemic..
Daily Tech News Show
"one hundred billion" Discussed on Daily Tech News Show
"Well gm and ford have not taking this lying down neither neither toyota honda lantis but gm and ford have been taking chips meant for other less profitable cars and putting them in the pickup trucks. Because they know they can sell those and make more money off them but they've now have had to start building trucks without chips. They don't have enough chips even for the trucks anymore. So they're building trucks without the chips and then just parking them until they get the chips and they can finish the truck and ship it. Companies are also starting to move away from just in time inventory to stockpiling. That's something everybody did before the eighties but toyota pioneered. The justice system in the nineteen eighties bringing costs down. Toyota itself announced in february that it built up a four month chip stockpile toyota from the eighties called and said that's heresy. But that's the world we live in companies are talking about supply chain resiliency. Now they want to keep some of the cost savings of just in time but with flexibility like dual sourcing of parts closer production to your factory not ordering from so far away. In case you know book it's cotonou suez standardization of parts so that you can use things in multiple places auto parts maker. Dana is actually building a data sharing platform with suppliers so that they can see possible issues before they arrive. If you know parts maker three steps removed from the part you need is having an issue. You could start to plan better than finding out the day that the end part doesn't arrive because it's delayed electric batteries and motors possible crisis spots that companies are looking to try to avoid problems with and of course getting more chips into the system would help to. Tsmc just announced it plans to invest a further one hundred billion dollars over the next three years to expand its chip fabricators capacity. That's on top of twenty billion had already announced and follows announcements of expansions investments from intel samsung global foundries and more But this we keep saying we just need to push through the supply chain weirdness that was caused by all kinds of things in the pandemic..
Daily Tech News Show
"one hundred billion" Discussed on Daily Tech News Show
"Well gm and ford have not taking this lying down neither neither toyota honda lantis but gm and ford have been taking chips meant for other less profitable cars and putting them in the pickup trucks. Because they know they can sell those and make more money off them but they've now have had to start building trucks without chips. They don't have enough chips even for the trucks anymore. So they're building trucks without the chips and then just parking them until they get the chips and they can finish the truck and ship it. Companies are also starting to move away from just in time inventory to stockpiling. That's something everybody did before the eighties but toyota pioneered. The justice system in the nineteen eighties bringing costs down. Toyota itself announced in february that it built up a four month chip stockpile toyota from the eighties called and said that's heresy. But that's the world we live in companies are talking about supply chain resiliency. Now they want to keep some of the cost savings of just in time but with flexibility like dual sourcing of parts closer production to your factory not ordering from so far away. In case you know book it's cotonou suez standardization of parts so that you can use things in multiple places auto parts maker. Dana is actually building a data sharing platform with suppliers so that they can see possible issues before they arrive. If you know parts maker three steps removed from the part you need is having an issue. You could start to plan better than finding out the day that the end part doesn't arrive because it's delayed electric batteries and motors possible crisis spots that companies are looking to try to avoid problems with and of course getting more chips into the system would help to. Tsmc just announced it plans to invest a further one hundred billion dollars over the next three years to expand its chip fabricators capacity. That's on top of twenty billion had already announced and follows announcements of expansions investments from intel samsung global foundries and more But this we keep saying we just need to push through the supply chain weirdness that was caused by all kinds of things in the pandemic..
Daily Tech Headlines
TSMC to Invest $100 Billion in Chip Fab Capacity
"Tsmc plans to invest one hundred billion dollars over the next three years to expand its chip fabrication capacity. The company already announced a record capital expenditure of as much as twenty eight billion dollars this year and it's unclear how. Tsmc will finance the move.
Wealth Management Today
"one hundred billion" Discussed on Wealth Management Today
"On boarding focused planning focus in collaborative Focus between the advisor and the client and unavoidable esam decent client collaboration features and functionality. You can invite clients onto the platform and have them interact with with the tools so they might be looking to do that and something. That s mark ceo. Natalie wolfson said in an article. I read that they see an opportunity to grow. Acid mark in the international markets. Were avoid is already popular sort of a reverse plan a reverse merger that. They're looking to capitalize on the advisers. Ed void has rather than the other way round rather than bringing software to asser mark advisors. They wanna do acid. Mark intellectual property esa mark models asimov strategies out to void advisors. Very interesting which means they'd have to build in some hooks from the tamp functionality into the money into the planning functionality event could be sort of a reverse how investment is building out insurance functionality and other tools into money guy pro money got probably comes a front end to actually buy products by insurance product. Maybe even by Models or other other investments so Looks like it sounds. Like if natalie wilson's plans come to fruition that osama would build in some hooks into joint where they can offer they could buy a strategy Money manager tragedy by model or higher net worth advisors. Bhai you may from ezra mark and plug it into the plan. Show how that asset links into their retirement. The retirement covers a closest some gaps that that could be a really interesting solution for advisors in the uk canada and ireland and if successful could help boost s amok growth rate with looked to power past one hundred billion dollars in tampa assets story number five scions announces a data aggregation capability. Now why read What i've read. This is not your standard data aggregation capability where they're bringing in client. Data client held away assets or other accounts bank accounts credit card accounts. And things like that. This is more of a data lake or data what they're calling it data consolidation replication module. This is something. I've been talking about for a while so i'm interested to see if they can pull this off actually works what they're saying. This does is a transfer client data from multiple vendor applications into a centralized repository. This is if you heard earlier. article i was talking about why we have separate silos for different types of data. Crm actually planning portfolio management etcetera etcetera. Why because we've always done it that way. We've always had separate applications each with its own database and then you have to integrate them using tools and api's at such rarely worked the plan the way they promised. And you have a big mess if you could build. If you had this data consolidation petition module as sky and says announced that would pull the data replicated from your crm..
AP News Radio
Company at heart of J&J vaccine woes has series of citations
"The company at the center of the problem that because Johnson and Johnson to discard an unknown amount of coronavirus vaccine has a string of citations from U. S. health officials emergent biosolutions has been a key player in Johnson and Johnson's plan to deliver one hundred billion doses of its vaccine in the U. S. by the end of may but records obtained by the Associated Press show the company has been repeatedly cited by the food and drug administration for poorly trained employees cracked vials in bold around one of its facilities Johnson and Johnson says a batch of vaccine made by a merchant can't be used because it didn't meet quality standards it's unclear how many doses were involved or how the probable would affect future deliveries of J. and J's vaccine I'm my company
The Erick Erickson Show
"one hundred billion" Discussed on The Erick Erickson Show
"And broadband expand access to elder and disability care and revitalize american manufacturing. Now what the heck is expand access to elder disability gear have to do with infrastructure. No one has any idea as the white house puts it. The plan would affect how we move how we live at home. How we care for one another and how. We manufacturer that carried for one another. It's all part of infrastructure if passed alongside and overhaul of the corporate tax system. Biden's proposing the white house says it would be paid for within fifteen years. The sprawling package is the first part of what will be a two prong. Build back better plan. The latter of which will include democratic priorities on caregiving and improving wages for essential workers to be rolled out in mid april together. The initiatives constitute a core component of the president's agenda one expected to dominate the next several months lawmakers debate a path forward and pushing it through congress will require biden to pull off a second legislative victory one that could either burnish his legacy or tarnishes record just weeks after security to one point nine. Trillion dollar corolla virus relief package without a single republican vote. Now axios gives us some proposals as they hit here. There would be six hundred twenty one billion dollars for standard physical infrastructure such as building roads and bridges and modernizing transit. The president will call on congress to ramp up use of electric vehicles and charging stations for civilians and the government including electrifying school buses and the postal service fleet. There'd be a hundred billion dollars for expanding broadband internet access one hundred billion dollars to update the electric grid to thirteen billion dollars for addressing economic inequality by modernizing buildings such as schools and va hospitals. That spending would mobilize union trade workers to upgrade buildings there before a billion dollars in care infrastructure. One hundred billion dollars for workforce development between the lines within the package. The white house's is proposing a tax. Overhaul he intends to raise corporate taxes from twenty one to twenty eight percent over fifteen years. President trump convince congress lower from thirty five to twenty one. Joe manchin has said that's a nonstarter to encourage corporations to conduct business. The administration's proposed a global minimum tax and providing incentives to support on shoring among the tax hikes expected. The second proposal being rolled out next month is an increase in the top individual rate for those making more than four hundred thousand dollars from thirty seven percent to the pre trump rate of thirty nine point.
SchoolOwnerTalk.com with Allie Alberigo and Duane Brumitt
"one hundred billion" Discussed on SchoolOwnerTalk.com with Allie Alberigo and Duane Brumitt
"Really have an interest in like it's all about how we can impressed that person to understand. They need to change to behavior. They have to do it better. They have to do a better stance you know. Snap their whatever. It may be right you know. So that was the whole concept of getting to understand the rules of behavioral change. And why it was good though. It's on that. I don't think you can make any change anything. I think you know they all do it in their own time in your own desire not to get off topic but i read a book about motor Book was called light. You can't motivate anybody and the crux of the book was everybody is a hundred percent motivated. There's just not motivated. You want them to do sadder. Her couch watt just got up every morning at five. Am that's impressive. And she was motivated on the Coffee you're my brother plays fortnight of course the museums time and he seemed to unmotivated lazy. He's there with all of his friends. Doing research finding Doing things like watching youtube us. Learning he's doing a ton of stuff not just to me. It seems that he But like for him. He is motivated so a lot of times when we think of somebody is not motivated and when they change their habits just think that their habits are wrong in our head but that we're not gonna make any changes. They decide that they wanted to be different. Not us and i think that becomes a d. As instructor that becomes a problem for us. We might see as not me some awesome. I was no. I had a so so that's interesting no so like how so. I guess only thing that we could do. And that's what i loved about this book and this as a teacher Why is it important for the parents to have their kids tied their belt and learn how to tie it themselves. I had to put enough information in front of them with supporting information. That make it so that they understood. Who's a benefit for them and to show that pride and when the kids learn their beaming in the sense of accomplishment so i guess no matter what we're trying to do whether is getting a school owner and have a better business or whether it be a student to be in better shape we have the a connection to their their desire. Whatever it may be a way to get about them about them not about us which we all know that. But it's hard sometimes. I think to like come on. Come on the air the example that i always uses also. I don't think there's anybody on the planet that does not know that smoking is bad for them right right leg. I don't think anybody's going like wait a minute. There's research on this. What or soda isn't good for them. Everything confused right right but like they have their own angers own desires their own happiness. It's like throwing stuff right average and by the way you know we think right now like we're somehow better but we're not you talked earlier about the woman again. Said she didn't have time. She has the exact same time i have. Nobody has any different time. Every has the exact year. But what about if you look at well. Warren buffett i have to say maritime he does he's worth one hundred billion dollars in..
The Breakdown with NLW
Stablecoins in the Hot Seat: Powell Calls Bitcoin a Substitute for Gold
"There was an absolute flurry of content and commentary yesterday around the place of bitcoin. Stable coins defy and the digital asset industry as a whole vis-a-vis. Us government regulation as well as how a digital dollar might shake that all up before we get into it. Let's at the terms of the debate. One of the competitors for this cycles top fudd is the government will ban it if it gets sufficiently threatening now to be clear banning depending on your sister could mean anything from an outright ban of use in holding too forceful seizure too limiting access to on and off ramps to the more benign from a commercial standpoint but no less threatening from a privacy standpoint integration of the full crypto infrastructure into the am l. kyc. Money surveillance apparatus. I've spent some time on this show looking into global versions where this fudd seems to be playing out in particular. We've been watching the evolving situation in india and nigeria india which seems gearing up for a bill that would have some sort of outright ban although at least one finance minister says that that's not the case and nigeria. Where the central bank of nigeria. I reiterated that banks should not be working with crypto users which they've then subsequently rolled back just a little bit either way however really what everyone has been focused on is the us particularly in the context of a new administration. The last administration had friends and foes alike when it came to bitcoin and crypto trump. Famously tweeted that he did not like bitcoin or crypto. But we didn't really take that seriously as a threat because it was so clearly about zuckerberg and libra mnuchin was a much bigger enemy. Probably wrote that text for trump's tweet even and clearly wanted to tighten the reins in his final act. He was trying to require exchanges to collect more information. When users transferred crypto to their own wallets on the flip side however there was brian brooks who was absolutely revolutionary at the office of the comptroller of the currency. The changes he oversaw are a huge reason. Why so many big institutions are now playing in this space. Why so many big traditional banks feel like they have to race to catch up to allow people to offer their customers crypto services however as we know from physics every action has a reaction and to some extent one reason why observers are so keenly watching the biden administration is to see how much they're going to respond or try to walk back with brooks in the occ changed on top of that. As the biden administration has come to power the price and volume around bitcoin stable coins and the rest of the digital asset industries have made them much more on ignore -able last time joe biden was in office. Bitcoin is about four hundred and thirty bucks. Now it's been over fifty thousand dollars for sixteen days in a row tether was barely out of diapers now. It has a market supply above forty billion in his doing upwards of one hundred billion dollars in volume per day combined with us dc. And you've got over. Fifty billion dollars of usd approximates there so lot more is at stake with that. People have been watching. Two things has come in and what they're saying on the who has come inside. Janet yellen is back for another round although this time is treasury secretary rather than as he chair gary genzer to is back. Although this time is as he c- chair. Instead of cftc chair of these two there is much more optimism around gessler who has done a pretty fair bit of work to understand where the crypto industry is coming from even teaching a course at mit about bitcoin and blockchain. And of course we have someone who still around in the form. Of jay powell. The federal reserve chairman. His ex factor. And all these discussions is the potential of a central bank digital currency a digital dollar. That could potentially shift the us's relationship with these projects now in terms of what we've seen these actors say so far over the last few months up until now it's been pretty standard fare one part. There's a lot of exciting potential here. One part we have to protect investors though and one part but it's also used by criminals over the last couple of days however we've gotten both comments and news that could shift as into our next phase of understanding what the us is relationship with. Bitcoin stable coins and other digital assets is going to look going forward. So let's talk about powell speaking about cdc's and cryptos at a bank for international settlements panel yesterday. Let's talk about the announcement of digital dollar prototypes coming this summer. And let's talk about new draft fat. If guidelines around cryptocurrencies. I up powell. Did a session yesterday with leaders from the bank for international settlements including augustine carstens. We talked about last week. He was asked about crypto currencies. And whether he saw them as a threat. And here's what he said. We call them crypto assets. You know. they're they're highly volatile. See bitcoin and therefore not real useful as a store of value in there not backed by anything. They're more of an asset for speculation. So they're also not particularly in use as a means of payment. It's more speculative asset. That's it's essentially a substitute for gold rather than for the dollar. And i think with crypto acids the the the public needs to understand the risks. The principle thing is there's the volatility there's also the outsized energy requirements requirement for for mining. And the fact that they're not backed by anything so let's break out these three reasons that he wasn't particularly impressed by cryptos. I this idea of volatility or that. It's just an asset for speculation. Basically he's dismissing bitcoin and any other crypto as something that he does not have to stress about or really factor into his consideration around global monetary competition while many. Bitcoin is grabbed onto the essentially a substitute for gold piece as a great tweet and knocked to the gold bugs. Who they're trying to convert or at least undermined powell was saying this more. Like a giant shooing away. A fly gold is to him clearly. Irrelevant an unimportant antiquated part of the fiat system that he sits at the helm of in that way a substitute for that thing does not present a threat
CoinDesk Podcast Network
When Currencies Fail: Bitcoin Google Searches in Turkey Rise 400% as Lira Crashes
"Let's move to our main discussion and there are really two parts of the story that we're going to cover. The first is the devastating crash of the turkish lira. The second is the response of people in that country who found their money worth dramatically less than it was just a few days before first of all what happened between sunday evening and monday. The turkish lira fell as much as seventeen percent against the dollar ultimately landing around ten percent down. Turkish stocks also crashed the benchmark borsa. Istanbul one hundred stock index was down as much as nine point four percent which is the biggest sell-off since june. Two thousand thirteen. The nasdaq listed shares. Msci turkey efl seventeen point five percent pre market in the us. The cause of all this on early saturday morning. Turkish president aragon unexpectedly fired nasi ball. though central. Bank governor who had been appointed in november at the center of their disagreement was how to approach inflation. So let's step back and actually look at the scenario inherited oddball. He was the third central bank governor in two years in november the year that he came to power the annual inflation rate was fourteen point zero three percent. According to the turkish statistical institute by december it was up to fourteen point six percent now these are just official numbers and some argue that it's actually much higher on november twelfth twenty. Twenty johns hopkins. Economists hanky tweeted everyday. I accurately measure inflation in turkey today. Measure it at thirty five point six one percent this year as opposed to the official number of eleven point eight nine percent after that fourteen point six percent number came out in december. He said that it was actually twenty. Five point eight five percent per year even holding that aside if you just take the official number nearly fifteen percent inflation a year a staggering that means a having of your purchasing power every year and this has been going on for a long time sue from three hours capital tweeted last night fun fact. The reason turkish lira is t. r. l. is because they've already redenominated before due to massive hyperinflation. Let's add a little more color than about the previous year and a half. The central bank had been keeping interest rates low or at least below consumer inflation. And as we've discussed before on this show. Negative real rates mean investors are discouraged from holding that sovereign debt as well as from holding lira or lira-denominated assets. These have been the policies for eighteen months or more and by fall. The currency was at all time. Lows added to. This fire was the way the turkish central bank had been trying to prop up the lira. Selling more than one hundred billion dollars in us foreign reserves in order to keep the lira from completely cratering in the process this destroyed and depleted their foreign exchange reserves and lead them to actually owing more dollars to turkish banks than the central bank actually had determined. Opposition leaders ask for judicial probe into the official reserves as of november. The country looked to be heading to a full on balance of payments crisis. And on top of this there have been major questions around the independence of the central bank from president. Aragon aragon infrequently given the central bank direct monetary policy instructions had dismissed two governors in the previous sixteen months effectively. When we really take a step back. Turkey has been on the see-saw between currency crisis and inflation. On the one hand and massive austerity and growth slowing interest rate hikes. On the other a currency crisis twenty eighteen led to increase interest rates. And by summer of the next year aragona points quote a friend to cut rates by mid-november when oddball came in it was a swing back to the interest rate hikes austerity side of the pendulum. The first act of akbal as he came in was to immediately raise the central banks one week repo rate which is an interbank lending rate from ten point. Two five percent to fifteen percent now. Interestingly this had started to work things were looking more positive from currency perspective at least in early. Twenty twenty one. Daniel call tweeted this morning. The turkey central bank helped make lira one of the best currencies versus the us d- in twenty twenty one curbing money supply growth via rate hikes helping reduce inflation. The turkish lira was up three point zero seven percent from december thirty first twenty twenty two march nineteenth. Twenty twenty one. It had been down twenty percent the year before it also saw something like fourteen to twenty billion of foreign fund inflows into turkish assets over that same period which reversed years of the opposite direction. Basically the interest rate hikes austerity were performing well in the context of global currency markets. But ogbah clearly didn't believe inflation was getting under control to the degree that he wanted to. He raised rates again to seventeen percent and then finally on the thursday before his dismissal raise them much more than expected to full. Nineteen percent and so the pendulum is swinging back again from interest rate hikes and toward at least in the minds of investors runaway inflation. The newly appointed governor saheb cops. Yo glue said that beating. Inflation is the bank's main objective but also said that they're committed to lowering borrowing costs and bolstering growth. Money managers. basically think he's going to be forced to lower interest rates and accept currency depreciation and indeed the other place. This is showing up is in the cost of insuring. Turkey's government debt against default the price of which rose more than fifty percent over the weekend. What's more this move. And the switch. From ball to cops iaglu super reinforces the narrative that central banks lack independence from erdogan. As well casio glue is a party. Loyalist bloomberg's chief emerging markets. Economists said quote the hit to the central bank's credibility and independence can't be overstated to gone has battered the institutions with interventions that have repeatedly financial markets. Were willing to give ball a chance. His successor will find it hard to build that trust again. So let's talk now about the other dimension to this that you might have caught if you were on twitter. Google searches for the term bitcoin in turkey more than quadrupled over the weekend after akbal sacking wise. That happening while one part of it may be the idea that bitcoin provides in inflation hedge and just a different currency to get away from lira volatility. Which by the way all it using bitcoin to get away from volatility where they don't tell you when they're trying to critique bitcoin is that people can stomach more volatility if there's some possibility that those seventeen percents swings or also to the upside as well but the other part of it is that as i mentioned the new governor has said that they are committed to fighting inflation but doesn't want interest rates to be the tool because they messed with growth. What are there other tools then. Bing bing bing capital controls restricting the flows of capital out of lira and lira-denominated assets so one question might be alongside. Google searches is are we. Seeing an increase in exchange activity owner goes pack. A consultant at the bbc turk pro exchange said that there was a spike in volume and that it was four both usd t tether as an alternative to us dollars and bitcoin on btc turk the bitcoin turkish lira pair has the highest volume with the tether turkish lira pair being the second highest now. This situation is going to evolve a lot. And i think on the one hand you have to just heartbroken. For the turkish people who are stuck between the whims and machinations of politicians and global economic flows that they have no control over when it comes to how much this new set of crypto and digital assets can actually help them escape from those pains. I've said numerous times. One of them remarkable things about this moment isn't that bitcoin and digital assets are going to save everyone from the follies of local currency regimes. That's just not realistic yet. What's remarkable is that for the first time ever the entire span of human history. There is a convenient easy permission. 'less ramp from those regimes for those people. Who have the technical know how to do it. The number of people who have that know how is an ever expanding group and that means that bitcoin and digital assets at an x factor to every single currency crisis. From here on
AP News Radio
VP Harris, Jill Biden hit the road to promote relief plan
"The by the administration has kicked off its effort to highlight the Kobe to relief plan fanning out across the country to promote the massive loss benefits at the White House help is here hope is here in real and tangible ways president Biden touted perhaps the two most tangible shots in arms and money in pockets saying the next ten days will see one hundred billion dollars in direct payments delivered to Americans and one hundred million vaccine doses administered since he took office while he'll hit the road tomorrow Air Force two headed west it's funny place president Heris watch medical students administer shots at a Las Vegas vaccine clinic all are the heroes of this moment other administration officials are also taking part in what the White House calls the help ease here tour sadr mag ani Washington
Equity
Stripe valuation soars to $95bn after latest fundraising
"Kicking off with the weekend. The biggest by far was at stripe finally closed that enormous round of funding that we heard about a couple of months ago now the new investment and unnamed round of capital if you will is worth six hundred million at ninety five billion dollar valuation now my first impression was that surely surely this is the last time stripe raises before it goes public but then i remembered this is stripe so it may not be now. The browns near the top end of its previously reported. Seventy billion to one hundred billion dollar valuation range that bloomberg reported back in november. So we can presume. It was at least reasonably competitive at that price which is pretty crazy. The brown set stripe up to be worth of course more than one hundred billion when it does go public. The only other company that i can think of. That's private that is about to go public. That is worth a similar amount of money. In theory possibly is coin base out and stripe did release some growth metrics as part of its funding. News they are very very milk toast but here they are. It has more than fifty companies that process more than one billion dollars a piece on its platform and that it's quote enterprise in quote revenue is its largest and fastest growing revenue slice and the enterprise rev more than doubled last year. So that means the strub grew at least fifty percents in two thousand twenty but probably less than one hundred percent. If i'm doing the math correctly and by less than one hundred percent i'm presuming start didn't grow revenue by one hundred and seventy percent last year.
Heartland Newsfeed Radio Network
"one hundred billion" Discussed on Heartland Newsfeed Radio Network
"A white flag because he knows where the the revenues are going. And just say. I'm going to get a lot more money. So i pay this out and the the rumor is by the way one hundred billion and television rights. Now that's not going to happen. I'm telling you right now. That's not going to happen. Not next maybe someday but the next one is not going to be one hundred billion and everyone else thinks that it does come close to that is going to be from amazon. Could you imagine an exclusive rights. Where amazon controls all. Nfl games and you might say no rick. That's ridiculous by rule. They have to be on network. Tv they have to be able to get them over an antenna wait antenna who has an antenna while they have to be on cable. Well what amazon. Sublets one of these places. What a family john buys all the rights and then tells nbc and cbs and fox and abc. Okay what are you gonna to give us to keep monday night football on. Espn or you'd say. Why would the nfl agree to a deal that you'd have to have amazon to buy it. If the money is high enough people will find their nfl games. They have the supply and the demand is high now one. Gm according to yahoo sports when after this happen said there it goes cherries amazon money. There's a guy named david cantor. You might know the name. He's a longtime. Nfl agent and he put a finer point on it and he tweeted out strong. Point here is what. Jerry what does jerry know about the tv deals and the money. That's coming he's obviously intimately involved and this deal reflects his knowledge of how big the new tv money will be really. I don't think that's necessarily true. Jerry jones Draft night remember was on his two hundred million dollar yacht. We talked about that right it anyway. He had the small one which is fifty mile and the big one that was two hundred two hundred million dollar yacht. He doesn't need to check to see what the revenues going to be. But there are a lot of people out there especially in the agents that are starting to see the new revenue models and the new salary cap hundred. Eighty five million and where the money is going to go. Now you'd say well why would it be a one hundred billion dollar deal. Well if you think. Roger goodell a lot of people don't know this roger goodell in two thousand ten made a half joke about. It'll be twenty five billion dollars a year sometime soon and of course the pandemic through that and do a little hitch right here but the revenue model for the league. Last year was fifteen billion dollars. That's the revenue on the league and so projections say the league will be making about twenty five billion by the end of twenty twenty seven. That's not just with tv. That's with everything. So will the nfl get a pandemic hit to the gross revenue. Of course it will buy the monumental. Saving grace for him is that it's not huge number. They got every game so when you look at amazon. How much is amazon. Worth one point five trillion wants again usually say with a b. This time i'll say it with a t. Amazon is worth one and a half trillion dollars so a one hundred billion dollar deal. One hundred billion isn't even ten percent of the company so and it's not gonna be paid out all at once anyway but what we saw with the pandemic with t- with league baseball and basketball and hockey get hit hard and football as far as gates. We saw amazon rise up to unprecedented heights. I know that. I gave up amazon for lent because recruits not would lint means. Well it does for me. I'm sorry how big amazon will go. I mean is there a ceiling where people are gonna stop wants. Was there ever be a time when somebody says you know what. I don't like the fact that i can press one button and just about anything i want will come to my door within a day or two. That really sucks. I hate that. Is that gonna happen anytime soon. I don't think so he literally don't have to get off your own ass to have everything brought to your door and that's all and now of course i mean look. Door dash went public that. Ipo was insane door dash. Yeah so there are people you know. They always say there are people who make money during wars. Well there are people who made money to the pandemic more lost than made no doubt. But let's just say if amazon starts off with just getting thursday night football and we already saw shared on amazon but what if it's exclusive. That's the only place you could go. And we saw a couple of those ever we saw a game or to the only place you could see. It was amazon. We were like what if they get back all of them. I mean we'll watch. It is the answer. I that's just that's just what it is. We'll i guess we'll just have to go over there to watch right and somebody going to refuse to do that. So the dak prescott con contract if it was done by mark davis than i would say. We're getting a one hundred billion dollar. Tv deal but stunned by jerry jones who throws hundred dollar bills out the window of his car. If they're to wrinkly that's not necessarily true. It's probably somewhere in.
AP News Radio
AP source: US to buy additional 100M J&J doses
"President Biden will announce today that the U. S. is buying more of Johnson and Johnson single shot covert nineteen vaccine J. and J. is already obligated to deliver one hundred billion doses to the federal government by the end of June White House official says the president's announcing the purchase of another hundred million for delivery in following months the U. S. is already said to have enough doses of the three approved vaccines for all adults by the middle of may the surplus would ensure enough supply for a young adults and kids pending results of trials they can also be used as potential boosters against variants or sent overseas once Americans are protected Sager made Donnie Washington
Daily Tech News Show
"one hundred billion" Discussed on Daily Tech News Show
"Granted special. Api access by reddit pointing to the twitter account. Wsb maude for public communication. All right just in. What's going on with apple. Did they make any money. You know these guys. They're always raking it in. Apple reported. Earn one point six eight a dollars per share in q one on record revenue of a hundred and eleven point four billion dollars up twenty one percent on the year and beating analysts expectations. Iphone revenue was up seventeen percent to sixty five point. Five billion services up twenty four percent to fifteen point seven six billion other revenue including apple. Watch earpods up. Twenty nine point seven percent to twelve point nine seven billion mag revenue was up twenty one percent with eight point six eight billion while i bad revenue grew forty one percent to eight point. Four four billion dollars a lot of cash coming in for old tim. Cook and co. yeah good Good quarter for apple rich. I i know you you were. You had some thoughts on how some of these numbers break down and did anything surprise you. Where there any revenue area where you're like They either did better than i thought or not as good. We'll remember the heady days of last quarter when it was the first time they exceeded one hundred billion dollars in revenue and that was a big deal and it turns out now hundred eleven. Let's just make the little house and we're good. The one that the categories disturbed me actually were on maximum ipads. I mean seeing that. I had revenue jump. Forty-one percent If you look at cumin last year this is a kind of a big reversal for ipad. Is this kind of how ipads go there. A little bit of a People keep them. I think for a little bit longer than something like an iphone or at least. That's the trajectory historically. But last year. To twenty twenty i pencil or revenue. Excuse me was actually down eleven percent. I'm mac revenue down a three and a half percent at that point as well. There's a number of reasons for this. Obviously people You know ipads a way if you need something for To do some zoom calls or something like that have really nice cameras on the front Certainly usable for a lot of education purposes as well so not surprising to see that. Still forty-one percent for kind of an established category like that is surprising to see. Max kind of the big question with that was where are going to be with the m one base. Max obviously you know the reviews that came out. Were pretty enthusiastic. I would say for that still. It was interesting to see how consumers would react It seems like in the first quarter that they've been up for sale You know a definitely.