40 Burst results for "Stick"
CoinDesk Podcast Network
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.
Mark Levin
Fresh update on "stick" discussed on Mark Levin
"Loud bang followed by a huge fireball and then debris raining down the bang i've ever heard my life there was a gentleman on a piece of plywood that had nails that were sticking out of it his his face was bleeding his arms and his legs were bleeding uh you could hear a woman screaming help me it was horrific there was left nothing of the house it was completely demolished debris floating it looked like it was snowing according to reports the family had been getting the house ready sprucing things up they were about to move in quinn fam later explained woman was buried in the rubble and had to be pulled out by a special rescue team and a somewhat miraculous result no one was killed although five people in total sustained injuries and had to be medevacked to the hospital means flippin for seventy seven w abc news from now
AI Today Podcast: Artificial Intelligence Insights, Experts, and Opinion
A highlight from AI Today Podcast: AI Glossary Series Data Science, Data Scientist, Citizen Data Scientist / Citizen Developer, Data Custodian
"The AI Today podcast, produced by Cognolytica, cuts through the hype and noise to identify what is really happening now in the world of artificial intelligence. Learn about emerging AI trends, technologies, and use cases from Cognolytica analysts and guest experts. Hey, AI Today listeners. Want to dive deeper and get resources to drive your AI efforts further? We've put together a carefully curated collection of resources and tools handcrafted for you, our listeners, to expand your knowledge, dive deeper into the world of AI, and provide you with the essential resources you need. From books and materials, ranging from fundamentals of AI to deep dives on implementing AI projects, to AI ethics, tools, software, checklists, and more, our resources page will help you on your AI journey, whether you're just starting out or you're well on your way. Check it out at aitoday .live slash list. That's aitoday .live slash l -i -s -t. Hello and welcome to the AI Today podcast. I'm your host, Kathleen Walch. And I'm your host, Walter Melzer. And you know, we really have enjoyed listening to some of you tell us about how you're using some of the content not only from our AI Today glossary series, which is not only available here on our podcast, but also on our website. If you go to cognolytica .com, we have our, in our resources section, this big AI glossary. It's got hundreds of terms. And you know, we update these terms. It's not like we write it once and we forget it. We find ourselves constantly updating them, especially as terms and terminology do continue to change, or maybe we make some clarifications, and of course, we add new terms all the time. So that's part of why this glossary series, you know, will continue for a while. So if you're not already subscribed to the AI Today podcast, you should be, especially if you're enjoying this specific content on the glossary series as we dive into terms. And you know, we're going to continue doing that on today's podcast, but I wanted to let you know that, you know, we also have some great interviews. We've already had some in the past with folks who are doing AI and implementing AI Today, some of our CPMAI practitioners, but also we have lots of things to share about use failures cases and of AI, and you know, we're entering some interesting times with AI, you know, successes and failures, you know, things that we thought might be great, turn out not to be so great. And then also things that we didn't really expect to work out are working out. Here we are, you know, six years after we started AI Today podcast, still talking about AI and not running out of things to say. As a matter of fact, in the early days of AI Today, we were a weekly podcast. Now we were like biweekly, sorry, semi -weekly. We're like twice a week. So, you know, that means that we got a lot, even a lot more to say nowadays. So stay connected, be part of our network and keep yourself informed and successful on AI. Exactly. And subscribe to AI Today if you haven't done so already, because as Ron mentioned, we have a lot of podcasts still queued up that we, you know, potential interviews, interviews that we already have lined up. So definitely subscribe to get notified of all of our upcoming episodes. But sticking with our AI Glossary series, we want to sometimes present just one term, sometimes present a grouping of terms so that you get a better understanding of how these terms kind of group together and why we're presenting them that way. So in today's podcast, we're going to go over data science, data scientist, and also the term citizen data scientist or citizen developer and data custodian, so that if any of these come up, at least you'll have a high level understanding of what they are. So data science, what is it exactly? Well, it's the domain of study focused on using scientific, mathematical and analytic techniques to extract useful information from data and translate business and scientific informational needs into the specific requirements for data analysis. So there's methods and approaches and tools that are focused on extracting, you know, those informational needles from data haystacks, and it's applicable to a wide range of business problems from descriptive to predictive to projective analytics. And if you're not familiar with those, we'll link to that podcast where we went over all the different types of analytics. And, you know, the idea and the domain of study for data science, it really deals with information at small scale as well as very large scale. And it does things like leverage statistics and mathematics and computer science, big data analytics and data wrangling to be able to provide answers to analytical questions. So as you can imagine, that's kind of the domain of study. But then what are data scientists? Yeah, and I think, you know, the data scientists obviously, you know, perform the role of data science, right? They are focused on the collection and analysis of data to solve these business related problems using these data driven techniques. So data scientists, you know, sometimes actually have that title data scientist, right? Sometimes they perform the role of data scientist, even if that's not their title. So really, it's more like the sometimes it's the mindset and the tools and the techniques, right? That's important. So what data scientists do is they translate business requirements into specific hypotheses or analytic ideas, and they go and extract useful information from data to provide the solution to those requirements. And so there's a couple of sort of tools and techniques that data scientists use to address these big data analytic requirements. Obviously, there's statistics, probability and math. Math is the language of data science, statistics and probability, and having a firm grasp on that and all those concepts, right? Then they also need, to some extent, ways to actually access and tools and technologies from manipulating, collecting and preparing large data sets. We had talked about in previous podcasts, data science notebooks as sort of the environment of choice for data science and tools like Python and R as languages, as well as even languages like Julia and Scala, but primarily Python and R for data science and data scientists. And then, of course, a grasp of algorithms and computer science methods for deriving insights, right? Building models, using algorithms and training data to do whatever the analytic task is, predictions. That's what machine learning models do, classification, regression, clustering, all those things, right? And then, of course, some grasp of data centric approaches, including data centric methodologies like CPMAI for running data projects, but also methods for understanding how to deal with testing and validation and data preparation. So there's a lot of stuff there. Sometimes you'll see data science as an overlap, a Venn diagram between skills and math on the one hand, skills in computer science and IT and another, and then certain amount of business and domain expertise that overlap is the data science and data scientist role in your organization. Exactly. And so sometimes, you know, you may not be formally trained as a data scientist or have that in your specific title. And this term citizen data scientist or citizen developer has started to come into the lexicon. And it's this concept that your primary role is not that of a data scientist. So that's not your official job title or you're not a machine learning engineer or data engineer, but you create machine learning models and other data science outputs through the use of no code and low code approaches. And so we had a podcast on no code and low code. Basically, they're using these tools, a citizen data scientist is using these tools to come up and help with, you know, creating their own machine learning models, but they're not necessarily formally trained and that this isn't their primary job. So you may hear this term citizen data scientist or a citizen developer come up. If it does, then you'll at least have an understanding of what it is. And there's also a term data custodian. So a data custodian is a person or group of people that are responsible for the safe storage, transfer and use of data. The data custodian is not a data owner, so it's important to understand that, but it just serves as an administrative role over the data. So some organizations may have a data custodian, and if they do, maybe you have data custodians at your organization. It's just really responsible for that storage, transfer and use of data. You want to make sure that you're doing it safely. So that's what the data custodian is. And we again want to present these terms at a high level so that if they come up in conversation, then you can say, oh, OK, I've heard of the term data science or data scientist. I know what that means or a citizen data scientist. But of course, understanding these terms at a high level is one thing and understanding how to put them into practice is another. And that's really where CPMAI methodology comes into play. So I know that many of our podcast listeners are CPMAI certified and we have thousands now across the globe that are CPMAI certified. If you're interested in learning more about what CPMAI is, I encourage you to sign up and take our free Intro to CPMAI course. You can go to aitoday .live slash CPMAI to sign up. And if you'd like to become CPMAI certified yourself, then go to cognolytica .com slash CPMAI, where you can sign up for the training. And upon completion of the training and all of the exercises, you will become CPMAI certified. Like this episode and want to hear more with hundreds of episodes and over three million downloads. Check out more AI Today podcasts at aitoday .live. Make sure to subscribe to AI Today if you haven't already on Apple podcasts, Spotify, Stitcher, Google, Amazon, or your favorite podcast platform. Want to dive deeper and get resources to drive your AI efforts further? We've put together a carefully curated collection of resources and tools and crafted for you, our listeners, to expand your knowledge, dive deeper into the world of AI and provide you with the essential resources you need. Check it out at aitoday .live slash list. This sound recording and its contents are copyright by Cognolytica. All rights reserved. Music by Matsu Gravis. As always, thanks for listening to AI Today and we'll catch you at the next podcast.
Mark Levin
Fresh update on "stick" discussed on Mark Levin
"Looking at how they might do against Joe Biden recently it seemed even more obvious than ever that Donald Trump will be that download all of red apple media's podcasts right now through your favorite platform the 77 WABC online store this is Frank Morano go to wabcradiostore .com and check out the new 77 BC merchandise from t -shirts and hats to jackets and bags you can enter the discount code Frank 15 for 15 % off your purchase at wabcradiostore .com so many WABC items you'll want to go go go to wabcradiostore by going to his website myclavangeo .com and subscribe Mark Levin hell -raising intellectual call now 877 381 3811 all right here we go folks stick with me step by the following the GAO CBO and warnings publicly and to the government with alarming predictions of a fiscal and national security disaster due to quote unsustainable unquote levels of debt so I say to the media should you at least mention this when you historically report on the supposed skies falling consequences of a government shutdown there will be no actual complete government shutdown years ago or every year for
Unchained
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.
Mark Levin
Fresh update on "stick" discussed on Mark Levin
"Obviously you can DVR the programs if you're not sure you'll be able to watch it live we're going to have Chip Roy on and Peter Twitzer on Saturday we're going to have Senator and Stephen A Smith is my second guest on Sunday so I hope you'll DVR and record the program if you can't make it but they're very compelling shows I really want to dig into this budget stuff I've been through the shutdowns for decades and decades many of you have been to their shutdowns and then their shutdowns and the media reporting already even in friendly media has been horrendous so if you wanna follow me through this and we'll break it one down step at a time please stick with us and you'll know more than anybody else be radio 77 radio 77 WABC this week That's pretty Now you know what companies looking out for you when they actually upgrade your service and don't charge you for it this is great news and for new and current PureTalk customers PureTalk just added data to every plan and is including a mobile hotspot with each one with no price increase whatsoever Now if you've considered PureTalk before but haven't pulled the trigger take a look again just $20 a month for unlimited talk text and a 50 % more 5G data plus mobile hotspot just 20 bucks a month folks this is why I love PureTalk that also happens to be veteran owned And only hires the best customer service team right here in America most families are saving almost $1 thousand dollars a year while enjoying the most dependable 5G network in America Now pound 250 and Mark say Levin to make the switch to PureTalk and you'll save an additional 50 % of your first month Again dial pound 250 say Mark Levin and make the switch to my cell phone company PureTalk today WABC traffic
The Bitboy Crypto Podcast
A highlight from Ethereum ETF LAUNCHING Monday?! (Leaked SEC Documents)
"Good morning, everybody. It is September 28th. It's 1130, and it is time to discover crypto. We got Tim and BJ on the ones and twos. How are you two doing today? I'm doing fantastic, man. Alright. Ready for the show. BJ, are you in the silent era? Yes. Okay. He's in the silent era. Guys, we got a great show today. We're going to talk about the Bitcoin 1 %ers. We're going to talk about ETH futures ETF and how a senior analyst of ETFs at Bloomberg thinks it is going to be approved on Tuesday, folks. And that's why maybe you're seeing this huge, huge pump in ETH and a lot of alts as well. Also, we're going to talk about Gary Gensler getting roasted. We're going to replay the clip of the Pokemon cards. It's just too good not to share. Also, AI is alive. It's alive right now. How soon do we have a Terminator 2 style D -Day? Give it about 30 years. 30 years, folks. 30 years. Alright. We'll go ahead and start building the bunker right now. Yes, DC's in the suspenders. I know. If you just had the green bow tie, you and McHenry. Alright. One, I'm not going to wear a bow tie. Nothing against bow ties. Just bow ties aren't for me. I'm going to wear a regular tie with the classic winds or not, or I'm going to wear the suspenders. Yeah. This used to be my old bartending get up. I'll tell you what. You wear the suspenders in the button -up shirt. I'll wear the hoodie, but I'll wear the bow tie with the hoodie, and then we'll complete the whole ensemble. Okay. Okay. So you'll be like Fetterman, and I'll be Fetterman's, like, lowest level employee. Exactly. Yes. What were you going to say, BJ? That's like Voltron, yeah. Yeah, yeah. Then we'll team up. Alright. Well, let's just get right to the market cap story here. Alright. Where are we at? Whoa. Did you see that pump right there? Yesterday, we were up around 0 .4%. Today, we are up 2 .3 % for the crypto market cap. We had passed 1 .1 trillion. 24 -hour volume for the first time in a long time is above $50 billion. We're coming in at $52 billion. Bitcoin dominance, Tim's looking a little happy here. It was 47 .1 for a few days. It is now up to 47 .3. Gas, surprisingly low, only 20 Gwei, but it's actually about double of what it was yesterday, but still pretty low. I was surprised to see that. Alright, let's look at the pricing here. We have Bitcoin up 2 .1%. It is now coming in at 26 ,858 bucks. We have Ethereum past 1600, now 1638. It is up 2 .5%. BNB up 1%. XRP up 0 .5%. And we have Cardano up 1 .6%. Solana. Solana is pumping, folks. We have it up 2 .6. And TonCoin erasing about a third of the losses of the past week. It is up 2 .7%. But I'm ready to look at some of these top gainers. Ooh, look at Bitcoin Cash as well. Have you ever thought about trading Bitcoin SV or Bitcoin Cash? Because they do have pretty big moves. Yeah, no, I mean, they definitely are probably better for trading, especially if you want to stay away from leverage, but you still want to be able to utilize the moves of Bitcoin. But yeah, I haven't ever done it. Don't think I will. Okay. Alright. Well, let's look at the top gainers. Let's look at the top losers here. Wow. We have Compound. It is skyrocketing, folks. And Compound has shot back into the top 100. I have RollBit up 12 % just for today. I have a little bit of exposure to RollBit and a little bit of exposure to Apecoin. And I have a couple comic book issues of Thor, but I don't know if that will affect my pricing there. But it is up 10 .8 % and Apecoin up 7 .4%. Bitcoin Cash coming in as the top five gainer here, followed by Lido, DAL, then Aave, GMX, Maker, Arbitrum, Stacks. And then, hey, look, a little Chainlink way down at the bottom. Do you have any of these alts? You're not much of an alt guy, right? No, I mean, I have alts, but I don't go that deep. The moment I have about eight of them, Aave is one that is close to being on the list of maybe I'll come into it. You know what? You don't want to get into, though. I've been watching a lot of maybe... I think he's going to come on the show in the future. Shout out to Crypto Archie. Archie's been going really deep in some degens that are sitting around like a $4 million market cap, and their chances of 100Xing are greater than others. I do think I'm going to start looking into a real good degen portfolio. It's probably not going to take up more than... 10 % is probably being generous in my entire portfolio, but I like where I am. I'm definitely very top -heavy when it comes to crypto. I'm more conservative with my investments, but I'm going to take a little bit of risk this market. All right, BG says, BCH is my secret crush. My dirty girl, he calls it. Where's the one person? A million dollar vision. We're going to give you a million dollar vision. Hopefully, you can stick around and just be part of that positive message. I believe you will. I'm believing in you. All right, well, speaking of believing, I'm believing today we'll not have any of these these coins in the biggest losers of the top 100 cryptocurrencies here. I'm manifesting it. It's failed in the past, but today I'm feeling good. Let's go ahead and look. What do we have? We have Casper. All right, I'm not pale as it goes just yet. Casper is down only 1 .2, then followed by tethered gold. So this is a peg to gold price here, then gate, then another gold. We have another gold coin essentially losing here, then injective, and then stable coins. Wow, I escaped it today. I escaped it today, but gold's on the way down and I have exposure to gold. So does that count? Any day that stable coins are in your top losers, it's a good day for crypto. All right, can we, before we jump over to the top story here, can we look at some gold pricing and silver pricing here? I want to look at gold on Kitco, and if you want to look at silver, maybe we could check out some prices. I like Kitco, K -I -T -C -O. Here we have gold pulling up. Gold is down $14 for the day, so not a whole lot there when the price is coming in at $18 .61. How soon until ETH passes an ounce of gold? One ETH almost equals one ounce of gold. Costco starting to sell gold. I looked into it. They sell out usually within hours whenever they limit two per customer, but they sell one ounce nuggets right around spot price. All right, what do we have for silver? I don't know if this is the right one or not. I looked it up. This says CFDs on silver. Oh, you're a trading view guy. We like trading view. Shout out to Marcus Seifer. Price slightly down, but it's definitely got a consolidation kind of pattern going on here. Yes, we're still kind of moving, setting some higher lows, but we kind of flat out here. After kind of getting kind of in this region, we've flattened out with these lows. The resistance is getting lower, but I'm going to go ahead and say, Deezy, I think that this is a pattern. Watch what happens to support. We're back down at support, but this is a pattern I would almost lean more towards a move to the upside. Let me look at oscillators on this. Yeah, I'm feeling like that's bullish. I'm feeling like that's bullish. Plus, silver has underperformed relative to gold in the past 10, 20 years. I'm feeling pretty good about it right now. Yeah, no, the charts on the daily chart look more bullish than bearish, I would say. It's kind of sitting somewhat in the middle, but more bullish than bearish. All right, and we have Danny Boy saying, look at 100 coin. Maybe, maybe. We'll see. I don't know. Maybe we'll get some time here. All right, well, let's get into the top story here. ETH, futures, ETFs. What is it going to mean? I also got some short form content. Guys, we have an article talking about these Bloomberg analysts. I'm just going to do the deep dive as well, so let's read paragraph or two, and then we'll just see what exactly they're talking about. Let's go to the source material. Let's go to the source code of the simulation here. Bloomberg analyst shares information leaked from the inside that SEC on Ethereum futures ETF. They gave the good news date, folks. We're talking about Eric Balchunas. He's the senior ETF analyst. We're not talking about the janitor there. We're not talking about, you know, the guy that makes a tweet every now then. We're talking about their senior ETF analyst. And he said in a statement, he has inside on info when the SEC will approve the ETH futures ETF. Now, we know there's inside information. Who's going to have better inside info than Bloomberg senior ETF analyst? I'm feeling pretty good about this guy's sources. Now, you got to be careful. Never trust anonymous sources. But if I'm going to trust one, I might end up having to trust this one. All right, let's see what exactly were they talking about? It all started. Let's James Safart here. Nothing yet, but watching for filings to indicate Ethereum futures are indeed being accelerated for launch next week. All right, so what was he talking about here? Here's a repost from Eric. So Ether future ETFs could be trading as early as Tuesday, folks, as the SEC looks to speed things up and in order to get it done before the looming shutdown, just like they sped up delays on spot Bitcoin ETFs. If so, issuers likely in mad scramble as we seek to update the doc. So we have the government shutdown to thank for this actually getting sped up because we covered it I think two days ago. We looked at when the government shutdown happens, what happens through the individual agencies. If you weren't here, guys, SEC will reduce 90 % of its workforce, CFTC along the same line. So 10 poise, there's only going to be one showing up in that office. That's going to be a very lonely office. So what they're trying to do, they're trying to clear all the paperwork off the desks before it's just that one guy alone. I feel bad for that guy. Who is that guy? Shoot us a message here. All right, well, let's go back to X here. So he was quote tweeting this tweet from 14 hours ago. Well, let's, uh, let's see looking like SEC is going to let a bunch of ETH futures ETFs go next week, potentially. And then he was quoting this tweet. So let's look at that tweet. And then that was the one earlier hearing they might update so they can go on effective on Monday and trade on Tuesday. They've asked filers to update their docs by fry, uh, Friday PM. Uh, I'm guessing that's the end of day Friday. So they have till tomorrow, 5 PM Eastern standard time, get your paperwork done. If you get your spot futures, I'm sorry, your futures ETF paperwork filed, you might be able to trade it on a Tuesday. We're going to go ahead and get that in submitted on a Monday. So this guys, this could be very, very big. Now we have to wait till Monday, you know, nothing set in stone here, but however, according to the analyst, they will approve, uh, of the applications that candidates who do update it by Friday afternoon, and they will begin trading on Tuesday. Uh, how speaker McCarthy rejected the stopgap funding bill advancing in the Senate on Wednesday, leaving us just four days from the fourth partial shutdown of the U S government in the past decade. It is thought that a closure event would deeply affect the sec. It is rumored that the spot ETF applications were postponed early for this reason. So chat, where are you coming in? Are we going to shut down? I didn't realize we had done it four times in the past 10 years. I would have maybe said two in the past 15. That makes me think guys, I'm, I'm starting to lean towards, you know, if you asked me three days ago, I'm under 50%. I'm leaning towards 50%. I might even exceed 50 % by tomorrow. Where were you guys coming in on the odds of a government shutdown? Yeah, I think I'm a little low. I think I'd say maybe 35, 40 % it shuts down. I think they're going to have to do with both sides, but it would not behoove Biden to have that shutdown happen. There's a lot of reasons why they'd want to keep it open. Of course, there's a lot of Republicans in Congress, they're kind of pushing for it. They probably like it. They want it. I think they come to some sort of deal. They don't do it. Guys, should we just break down the alpha for you? You know, a lot of part, what makes this live show exciting is we can do things like BJ, while you go, could you look up October 19, 2021 daily candles on Bitcoin, October 19, 2021? Well, I'm going to be the idiot in the room as usual. So if we removed the debt ceiling and put it on pause till 2025, why would we even have a shutdown? Because it wasn't the entire shutdown when we would hit the debt ceiling. So that's not relevant for another 18 months. Yeah, that is a very good point on the debt ceiling. I think that that's a great question. So maybe that debt ceiling isn't as final as they made it appear because I was being told, oh, once this debt ceiling is raised, we don't have anything to worry about. And then two weeks later, we all of a sudden have something to worry about. So now we need to think about the next time they give us a debt ceiling raise. What the f are you actually doing here? Is it actually nothing? These game devs really need to figure out how they're building their ecosystem, because these rules just don't make sense anymore. They don't make, yeah, yeah. There's a lot of bugs in the code here. All right, we have the daily candles. See the date again? October 19th, 2021. If we just look at about a 30 -day period, maybe 10 days before to 10, 20 days after. Yep. So this is getting close to the top, but it was the, there's the, we ended up beating it out. But October 19th is right here. So it's this candle. We have one more day. We topped out on the 20th. Hover over the 19th. Right there. That is the day we had a Bitcoin futures ETF here. Move more to the right side. Let's, let's get a little bit in. That's the top right here. Let's stretch that Y axis. Let's stretch it out. All right, here we go. Go back to the 19th. Yep. The 19th, right? Let me go over here. 19th is right here. So in the lead up, it pumped, it pumped, but guys, that was a buy the rumor, sell the news. We had one more day. All right. They probably didn't want, you know, Fox Business News and MSNBC to be like, oh yeah, it got approved yesterday. Look at the price. So they gave us another 24 hours of pump. We've got the pump of metal pumping. Then, you know, a new cycle, you're probably not going to want to talk about it 36 hours later, 48 hours. So we got that pump. We got a nice strong pump for 24 hours. And then it went down folks. And then it went down. We went from, I believe that was about 55K, right? No, no, I'm sorry. 65K. 64, 64 .3. And then we dropped down to what about a week later? We got dropped down about 57 .8. All right. So we went from 63, 64, all the way back down to 57. And then we set in a new all time high. What was the amount of days from that low? What's the date? If you just hover, it gives you the date, right? On the bottom, it gives you the date. So date October 28th, it peaked November 10th. All right. So 13 days later. So a week later, it put in a local low. And then two weeks later, new all time high. Will the spot or will the futures ETH ETF play out in a similar way? I don't think we're, obviously we're not going to go to 4 ,500. We're not sending in a new all time high. But what I'm thinking is we might have a similar chart pattern. You're the Bitcoin ETF. In reality, this is only a period. That means we might have. All right. So that's the date. That's we're five days away from Tuesday, right? Friday, Saturday, Sunday, Monday, Tuesday. Go back five days from that, from the 19th. So go to the 14th, October 14th. 14th is right here. Boom. Nice big pump. It pumped for five days. Buy the room or sell the news. And then it dropped. And so maybe we're going to have a really good next four days. Maybe. You know, maybe I would say that that's a little bit premature. I think we have to look at a lot of different things going on. Obviously, we're getting close to the part where the market was going to top out and go to the downside. I think there, if anything, the case to be made here, even though there was some pump in that happens here, I would only make the case that this is proof ETFs can't save you from the bear market starting. I think there's I think it's a mixed bag. I think it's a little bit too irresponsible to try to say, well, back in October 2021, this happened. Well, there was a lot of things with timing and a lot of other different things. I think let's watch ETF. It will be bullish long term. But remember, futures ETFs allow both longing and shorting. So volatility is more what I'm predicting, not necessarily a firm. Let me play devil's advocate. That was what a lot of smart people thought was going to be the top or near the top. So if you have some, I have to hold this instrument for six months, and it's October 2021, you have one choice. You open in a long in October 21, you open in a short in October 21. I feel like a lot of smart money is choosing short. Well, let's go to today. We're almost half a year from the having. You have a choice. Are you going to open a long today to cash in in six months? Are you going to open a short today to cash in in six months? I feel like then many more people are going to choose short relative to today. You know what, let's actually that takes us into our next story. Let's talk about the big investors. Will they choose Bitcoin? Will they choose Ethereum? Will they choose, you know, futures or will they wait for spot? Here's what this Fidelity executive has to say. Ethereum investment thesis could be easier for institutions to grasp than this big, then bitcoins. And here is why. This was with the interview with a bankless YouTube channel. I do like bankless Fidelity's director of research, Chris Cooper, I think says the firm's Ethereum investment thesis could be an easier concept for blue chips to understand. With traditional, it's probably more easily go with them something like ether, then show them things where they grasp much quicker than investment thesis for Bitcoin. The investment thesis for Bitcoin, according to Cooper, is to truly understand it, you got to first to dabble into politics, got no little philosophy, got to know some game theory, got to know some economics, got to know some other concepts, you got to know the Byzantine generals problem, you got to know what the white paper is, you got to hate the NSA and the surveillance state. It's a lot, right? It is a lot. I remember that feeling, you know, half a decade ago, maybe more. Well, you know, I learned about Bitcoin, I didn't really get into it to about half a decade ago. I remember watching Andreas Antonopoulos clips on YouTube. And I just, I'm just alone in my living room with, you know, with, you know, maybe Mary J was there, but you know, I'm just alone. I'm watching this and my mind's getting blown here. And I'm just like, my God, I'm just so into what this guy is putting down. And then you go to your friend, and you try to, you're full of zeal. You feel like a religious apostle. And you're like, oh, my God, have you heard this thing called Bitcoin and what it's doing? And then you just get a blank stare back. Yeah. It's like, oh, yeah, I ate the orange pill, didn't I? Yeah. It's taken me back to these feelings here. All right. So yeah, it's a lot. Basically, what I'm saying, it's a lot to wrap your head around Bitcoin, folks. That's all I'm saying. I had the my first exposure to Bitcoin whatsoever was back in 2013. And I was the opposite side of that. What you just said, the staring face. There is this kid I met. He was very passionate about Bitcoin, tried to convince me it was the one world currency that Revelation talks about. He also was a pot farmer. So I looked at him and I said, OK, buddy, good story. Now, it turns out I should have gotten in when he told me to. He he was right. I should have gotten into Bitcoin. But I do hold to when you hear a lunatic who is growing pot for a living tell you that this currency is what Revelation talks about. You got it. You got to at least question it a little bit. I understand people still being stone faced at this point. Yeah. My first two exposure was 4chan and I was like, oh, anything they suggest is a scam, is a honeypot. And they are trying to hack me. And so that honestly, like in a weird way, learning I learned about it from too shady of a source. I was like, oh, yeah, I'm going to stay away from that one. The second exposure was my buddy buying ecstasy pills of Silk Road. And I'm like, again, another thing I want to stay away from. No, man, I'm good. I'm good. And then Silk Road happened. And also he lost his Bitcoin on a hard drive. So I was just like, yeah, I don't know about this, man. I don't know about this. And then eventually, you know, the hook got me there. All right. Well, you know, that's what we're saying about Bitcoin to truly understand it. It is a whole lot, you know, but imagine that you can get in front of them and just say, look, talking about Ethereum, here's the metrics, here's the cash flow, you put in your inputs, and they're looking at it like another financial instrument. And they're like, oh, yeah, that makes sense to me, you can have these scenario analyses where you could get your head around the probabilities. And then that way, people can size their position accordingly. That's how an institutional investor thinks. That's how a good investor thinks. They think around probability scenario analysis. And in fact, they are so strongly about that they capitalize the eye there. That's how institutional investor thinks. They really, they think about the probability scenarios there. So yeah, I think that's a pretty good, pretty good point there.
Bloomberg Businessweek
Fresh update on "stick" discussed on Bloomberg Businessweek
"PFAS and how there's just one company Carol as you said in the u .s. that's responsible for making them or for generating the these illegal toxic compounds and how demands despite from the US government and Department of Justice EPA the company is just flat -out refused to stop and that number two symbol is really important because that's the that's the type of plastic that this company typically treats it's called HDPE plastic it's rigid it's usually opaque it's used for everything from milk jugs to snowboards and that's typically the plastic that they're treating and as a result generating PFAS and some of the worst PFAS at that so so Esme so much of your reporting is terrifying but how big is this company who owns that why hasn't the EPA just managed to shut it down if it if it all this stuff is so troubling yeah that's a great question so enhanced technologies is actually a really small company I got a hold of some documents from 2018 it showed they just had 46 million dollars in annual revenue in 2018 so obviously that's not a ton they only have a few hundred employees but they've really built up this domestic monopoly on this process called post -mold fluorination which is this treatment of plastic to make it stronger and like this treatment is actually really useful you know plenty of companies have wanted this treatment for decades because it makes plastic less permeable so you can transport you know harsh chemicals and solvents and things like essential oils you know the reason for fluorination is that conventional plastic will permeate through the container walls if you don't provide a barrier of some sort so that's the reason why they're fluorinating their plastic that's why they're treating this plastic in this way and so the the EPA EPA has gone after them and you know so has the Justice Department they have essentially they're in regulation of a really you know wonky chemical law and basically they just they say this law doesn't apply to us so and we're just going to continue you know going on business as usual obviously as they fight this you know this battle with the EPA and now they fight this litigation in in federal court. So the the litigation obviously makes this incredibly timely is there any sense of what the what the outcome of this looks like for the timeline and also like what about the health implications and the economic implications of what whatever the becomes? Yeah so the litigation is ongoing so enhanced kind of is fighting a two battles they're fighting one battle against EPA itself to try to get official clearance to continue fluorinating there is a process for if you're generating these quote -unquote long chain PFAS compounds which are kind of the worst of the worst you can apply there is an effective ban on them but you can to apply the EPA to kind of get an exemption so that's what they are trying to get so they're kind of fighting that battle on one hand and then they're fighting this other battle on the on their other hand against the DOJ in court and saying we're not know you they're trying to convince a judge that the law that the EPA says they're breaking that the DOJ says they're breaking they are exempt from it so they have two main arguments one and again it gets a little wonky but they say you know the EPA only has the authority to regulate significant new uses of these chemicals and they've been doing this years for four so they're not that doesn't qualify as new in their mind and then yeah so that's kind that's kind of their main argument they're also saying that you know that the quantities of these chemicals that they're generating are so small and they are quote unquote impurities so they don't you know qualify for the law. I keep wondering wait my my government I pay taxes who's watching out for me but having said that sorry I'll get off my soapbox. Esme are you Bloomberg News senior investigations reporter in your investigations I'm thinking of people who are listening and watching to this and I'm just curious size and scope so how widespread is the use Joel talked about going through his containers I'm wondering I look you know I turn something upside down I see that recycle or whatever that code is and I think oh I'm good so give us some size and scope in terms of the types of containers and the different industries that are using it and how you know is it likely on all of our shelves yeah so it's it's quite hard to say for sure because enhance is owned by a private equity firm going back to your question Joel sorry answer I didn't that so they're owned by a private equity firm it's a private company they don't have to publicly disclose their customers and the EPA it has a list of their customers and what this fluorinated plastics are used for but they call it confidential business information so when we asked for it they they said no but basically enhance says they fluorinate more than 200 million plastic items every year a lot of those containers are used in the agricultural chemical industry so for things like pesticides and other harsh chemicals but our investigation found that these items that they fluorinate touch virtually every facet of the US economy you know they're used to hold weed killers gasoline household cleaners medics shampoo we actually had some independent testing done on two shampoo bottles of companies bumble and bumble and OGX Beauty that I had reason to believe might be fluorinated indeed and the results came back positive so it's shampoo you know it's it's body wash so lots of things I mean Enhance says so when you're when you're at home kind of going through your shelves and you know figuring out whether you may have fluorinated plastic you want to look for again that number two symbol that is that is the recycling code for HDPE and then you want to go to the ingredient list you want to look and see you know does it have essential oils pine oil citrus oils there's a really widely used citrus derivative called Dilymonine and that's in a ton of soaps and I see I yeah it's in a ton of stuff you might want you to know look there I was also able to find the names of some companies that Enhance has named as end users of the company's treated plastics and those included Bath & Body Works, Bayer, BMW, Estee Lauder, Huk the Varna and L 'Oreal so we're talking really really wide penetration this goes way way farther than mosquito spray which is which is the initial product that we know that was the what led to the whole discovery was mosquito Esme what are the health implications of this what happens if these I guess get in your bloodstream like where does this go if you were affected by it? Yeah so for all that we know today about the PFAS universe it is really important to say like there is so so much more that we don't yet know so much more that we have let to get to learn and to discover however we do know that PFAS are really good at getting into our bodies and sticking around so so it's not like caffeine or even lead I mean your body gradually gets rid of those things PFAS they're really good at sticking around in our blood they're really good at sticking around in the environment meant they're really good at sticking around in water and it's really hard to get them out so you know we now have enough long term data to link PFAS exposure to really bad things like cancer, birth defects, infertility now we're talking really a really big class of chemicals we don't have the data to show that all PFAS cause those things but the that data we do have is very disconcerting and certainly for these long chain PFAS which is the specific class PFAS of that fluorination of plastic generates those are definitely the worst of the worst person they are the ones that are showing a most strong correlation with things like cancer and of course I think you know one of the most other frightening troubling problems problems that Esmé's reporting reveals is if the EPA is successful and this company disappears from the market the implications for all companies these and how we deal with consumer products in general are is also going to be a big problem it's like you know there's so much plastic in the world and here we are having to figure out perhaps a health implication we never anticipated a great investigative piece Bloomberg News senior investigations reporter Esmé Deprez and of course the editor of Bloomberg this week Joel Weber check it out it's in the current issue this is Bloomberg Bloomberg radio on demand and in your podcast feed on the latest edition of the Bloomberg Daybreak US edition podcast Bloomberg's Danny Berger spoke one -on -one with the CEO of BlackRock Larry Fink. I'm not in favor of a you're shut down not listening to me but no that I think that is I think a shutdown for a country that is that has thirty thirty trillion three dollars of debt that is not a good outcome when you have that type of debt what are we telling the lenders percent of the US Treasury market are owned by non -US entities whether it's individuals
The Mason Minute
Jeep Ducking (MM #4573)
"Now that I head to an office every day of the week, I'm in traffic more often. I see more things going on than I did for years when I was working out of my home office. And I've noticed a lot of Jeeps here in town, and they all have these little rubber ducks along the dashboard. Now, I usually know about what's going on with most car trends, if you will. And years ago, I owned a Jeep. Didn't own it long, but I don't remember anything to do with ducks. So I looked it up. That's because Jeep ducking, or duck -duck Jeep, is fairly new. I believe a woman out of Minnesota started this kind of a... She was having a bad day and thought she wanted to make somebody smile, saw a Jeep that looked like hers happen to have a rubber duck, so she put it on the Jeep, and it kind of spread. And so now people put little rubber ducks on Jeeps of other people. I often wonder how those things stay in there. I've got to think those things are stuck to the dashboard. It's kind of an interesting story about Jeep ducking, or duck -duck Jeep. I don't know if there's a definitive term as to what it's called, but it's kind of been spreading the last couple of years. It's kind of interesting and kind of strange. Jeep ducking. It just makes me smile just to say it.
Morning News with Manda Factor and Gregg Hersholt
Fresh "Stick" from Morning News with Manda Factor and Gregg Hersholt
"A lot of nocturnal animals that frequent the park or live in the park and they need dark spaces. solution to Kersey this said is the not building the pickleball courts here. Parks and Rec tells us a landscape architect will be viewing the site to see how to best implement them. While the original plan was to turn three tennis courts at Solstice Park into pickleball courts, there were mixed reactions. John Rankin, the director of the Seattle Metro Pickleball Association, tells me he wants the city to stick to the original plan because of safety concerns at Lincoln Park. It's not going to have lights, that would be a further future phase, although that site did have lights in the past. have So that lights, poses that would be a further future phase, potential security or although that safety site issues did for have lights people in who the want past. to come here and play late So in the afternoon poses security or early potential in the In morning. or safety West Seattle, issues for Karina people Vargas, who want to Come On come News. here and play late in the afternoon or early in the 1210, morning. time for an update on In West Seattle, the Beacon Karina Plumbing Vargas, Sports Come On Desk, News. here's Eric Heintz. The math is 1210, fairly straightforward. time for an update on sports afternoon. The Mariners trail Deacon Plumbing the Astros Sports by Desk, one game for here's the Eric final Heintz. American The League wildcard math is spot, fairly straightforward. and both teams have The Mariners three trail games the left The in Astros by the regular one season. game for the final American League wildcard spot, and both teams have three games left in the regular season. last night, the M's kept their hopes alive
The Mason Minute
Jeep Ducking (MM #4573)
"Now that I head to an office every day of the week, I'm in traffic more often. I see more things going on than I did for years when I was working out of my home office. And I've noticed a lot of Jeeps here in town, and they all have these little rubber ducks along the dashboard. Now, I usually know about what's going on with most car trends, if you will. And years ago, I owned a Jeep. Didn't own it long, but I don't remember anything to do with ducks. So I looked it up. That's because Jeep ducking, or duck -duck Jeep, is fairly new. I believe a woman out of Minnesota started this kind of a... She was having a bad day and thought she wanted to make somebody smile, saw a Jeep that looked like hers happen to have a rubber duck, so she put it on the Jeep, and it kind of spread. And so now people put little rubber ducks on Jeeps of other people. I often wonder how those things stay in there. I've got to think those things are stuck to the dashboard. It's kind of an interesting story about Jeep ducking, or duck -duck Jeep. I don't know if there's a definitive term as to what it's called, but it's kind of been spreading the last couple of years. It's kind of interesting and kind of strange. Jeep ducking. It just makes me smile just to say it.
The Mason Minute
Jeep Ducking (MM #4573)
"Now that I head to an office every day of the week, I'm in traffic more often. I see more things going on than I did for years when I was working out of my home office. And I've noticed a lot of Jeeps here in town, and they all have these little rubber ducks along the dashboard. Now, I usually know about what's going on with most car trends, if you will. And years ago, I owned a Jeep. Didn't own it long, but I don't remember anything to do with ducks. So I looked it up. That's because Jeep ducking, or duck -duck Jeep, is fairly new. I believe a woman out of Minnesota started this kind of a... She was having a bad day and thought she wanted to make somebody smile, saw a Jeep that looked like hers happen to have a rubber duck, so she put it on the Jeep, and it kind of spread. And so now people put little rubber ducks on Jeeps of other people. I often wonder how those things stay in there. I've got to think those things are stuck to the dashboard. It's kind of an interesting story about Jeep ducking, or duck -duck Jeep. I don't know if there's a definitive term as to what it's called, but it's kind of been spreading the last couple of years. It's kind of interesting and kind of strange. Jeep ducking. It just makes me smile just to say it.
The Mason Minute
Jeep Ducking (MM #4573)
"Now that I head to an office every day of the week, I'm in traffic more often. I see more things going on than I did for years when I was working out of my home office. And I've noticed a lot of Jeeps here in town, and they all have these little rubber ducks along the dashboard. Now, I usually know about what's going on with most car trends, if you will. And years ago, I owned a Jeep. Didn't own it long, but I don't remember anything to do with ducks. So I looked it up. That's because Jeep ducking, or duck -duck Jeep, is fairly new. I believe a woman out of Minnesota started this kind of a... She was having a bad day and thought she wanted to make somebody smile, saw a Jeep that looked like hers happen to have a rubber duck, so she put it on the Jeep, and it kind of spread. And so now people put little rubber ducks on Jeeps of other people. I often wonder how those things stay in there. I've got to think those things are stuck to the dashboard. It's kind of an interesting story about Jeep ducking, or duck -duck Jeep. I don't know if there's a definitive term as to what it's called, but it's kind of been spreading the last couple of years. It's kind of interesting and kind of strange. Jeep ducking. It just makes me smile just to say it.
The Mason Minute
Jeep Ducking (MM #4573)
"Now that I head to an office every day of the week, I'm in traffic more often. I see more things going on than I did for years when I was working out of my home office. And I've noticed a lot of Jeeps here in town, and they all have these little rubber ducks along the dashboard. Now, I usually know about what's going on with most car trends, if you will. And years ago, I owned a Jeep. Didn't own it long, but I don't remember anything to do with ducks. So I looked it up. That's because Jeep ducking, or duck -duck Jeep, is fairly new. I believe a woman out of Minnesota started this kind of a... She was having a bad day and thought she wanted to make somebody smile, saw a Jeep that looked like hers happen to have a rubber duck, so she put it on the Jeep, and it kind of spread. And so now people put little rubber ducks on Jeeps of other people. I often wonder how those things stay in there. I've got to think those things are stuck to the dashboard. It's kind of an interesting story about Jeep ducking, or duck -duck Jeep. I don't know if there's a definitive term as to what it's called, but it's kind of been spreading the last couple of years. It's kind of interesting and kind of strange. Jeep ducking. It just makes me smile just to say it.
The Breakdown
A highlight from Congressional Republicans Lash Out At Gensler
"And at the end of it all, after dealing with several more non -answers from Gensler, an exasperated ogles closed the hearing with the call to open up the floodgates, hit him with subpoenas, get the information we need. The obfuscation, the not answering questions, I'm sick and tired of it. Dude, you wear tap dancing shoes better than Fred Astaire and enough is enough. It's time that questions are answered and that we have the information that we need. Welcome back to The Breakdown with me, NLW. 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 28th, and today we are talking about Gensler's combative hearing. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on The Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, we had yesterday another hearing featuring SEC Chair Gary Gensler. This was a House Financial Services Committee oversight hearing. And what makes this one a little bit more interesting, even in the Senate hearing that we heard last week, is one, it had some interesting lead -in in the fact that a bipartisan group had just sent Gary Gensler a letter encouraging him, in the strongest possible language, to approve a Bitcoin spot ETF. And two, it had the setup for some very interesting fireworks heading in. And indeed, that is exactly what we got. Committee Chairman Patrick McHenry set the agenda from the beginning with his opening remarks. He addressed Gensler saying, Last time you were before the committee, I voiced my concerns regarding your reckless approach to rulemaking, lack of capital formation agenda, crusade against the digital asset ecosystem, and unresponsiveness to Congress. So many things changed, so many things remain the same. Those are the same issues on the docket today. McHenry went on to accuse Gensler of doing nothing over the past five months to remedy the legitimate and often bipartisan concern expressed by this committee, adding that this is disgraceful and that their patience was wearing thin. Now, the Republican critique of Gensler's rulemaking agenda is that a huge number of rules have been proposed during his term without an economic analysis being performed on their cumulative effect. Regarding the crypto crackdown, McHenry rebuffed Gensler's constant assertion that the law is clear. He stated, your actions have created more confusion and lasting damage. Indeed, he said that contrary to the SEC's role of consumer protection, that Gensler's actions had, quote, pushed legitimate digital asset activities outside of regulated financial institutions where consumers are best protected. Keep in mind, this is all in the opening statements. McHenry went on noting that the SEC's regulation by enforcement agenda has been ineffective and has been on a massive losing streak in the courts. Still, the main point, the main thrust of McHenry's opening, was that it was unacceptable that the SEC had not engaged with Congress. Wrapping it up, McHenry said, the SEC is not above the law, nor is it unique. I do not want to be the first chairman of this committee to issue a subpoena to the SEC, and you should not want to be the first SEC chair to receive a congressional subpoena. Either we find a path forward where the SEC recognizes Congress as a co -equal branch of government and is responsive to our oversight duties, or my option is to issue that subpoena. It's time for you to consider the lasting consequences of your actions and what that means to the SEC's reputation long -term. While your time in this role may be temporary, the repercussions for your actions may be permanent for the agency. It was a fierce opening that sent the signal right away of what we were in store for. Now, a couple other quick notes around other opening statements. Democrat Ranking Member Maxine Waters used her time to rail against MAGA Republicans for pushing the government into a shutdown, and effectively defended the SEC's agenda on all fronts, and asserted that their rulemaking agenda was moving quote thoughtfully and effectively. Now, Gensler himself also got a chance to give an opening statement, and most of his time was spent on justifying the agency's regulatory agenda. He claimed overall that the rulemaking process had been measured with ample time and consideration given to public comment. Now, from there we moved into the question section of the hearing. McHenry as committee chair got to go first and used his questions to focus on Bitcoin. He asked Gensler whether he stood by his previous comments that Bitcoin is not a security, which Gensler evaded by talking in circles, never reaching a point. Notably frustrated by this process, McHenry snapped, I'm asking you to answer my question now. This is not supposed to be hard. Unable to get a straight answer, McHenry moved on to his point that there is currently no regulator with authority over Bitcoin's spot markets. He asked whether Gensler believed legislation should be passed to close that regulatory gap. To the surprise of no one, Gensler continued in his noncommittal manner, acknowledging the existence of said gap but failing to engage with the need for legislation. After that, McHenry left the crypto topic to press Gensler about when he can expect a response to document requests. Becoming ever more frustrated with Gensler's mealy -mouthed answers, McHenry said, This should not be the hard work of a chairman. You have 30 major rulemakings, but you won't even provide basic documents to us. Your unresponsiveness is non -compliance and we'll have to take action if you're not willing to comply. Now Maxine waters again as ranking minority member got to speak next. She, too, continued on the crypto theme, although she used her time to accuse the industry writ large of quote gross violations of the law that end in investors getting ripped off. She asked Gensler what the SEC has done to quote shut down crypto firms and whether quote crypto firms are getting the message. This, of course, mainly served to set up Gensler's usual sound bites. This is a field, he said, that's rife with fraud, manipulation and scams, and the American public is still getting hurt by the non -compliance in this field. Waters also used this chance to castigate Republicans who quote too often protect crypto firms. Now it was very clear listening to Waters that she wants the public to see the crypto industry as just Luna and FTX, to extrapolate them to everything and effectively shut the industry down. Now moving into the rest of the questioning, much of the substantive discussion centered on SEC staff accounting bulletin 121. Better known as SAB 121, this measure requires financial institutions to place intangible assets on their own balance sheet rather than in segregated customer accounts. The rule has been widely criticized for making crypto custody essentially unworkable for banks. Dissatisfaction was expressed from numerous representatives, including one of Gensler's usual allies, Brad Sherman. Sherman noted that the rule lumps all intangible assets together from real estate to crypto. He suggested that specifically designed rules for vastly different asset classes would be more appropriate. The most robust questioning on this topic, however, came from Republican Mike Flood. Flood put to Gensler that his staff did not consult with prudential regulators on SAB 121, which Gensler acknowledged. After stating that he had personally looked into this issue, Flood noted that the Accounting Standards Board had not published any guidance around crypto custody. This contradicted Gensler's comments from a previous hearing when he stated that the SEC was simply applying existing accounting rules. Flood said quote, With regard to SAB 121's potential effects on a bank's balance sheet, it's fair to say that fact pattern we have is that the SEC is not just going out of its lane, but it failed to comprehend the existence of any conflict with prudential rules. He suggested that there are only two explanations for this action. Either the SEC knew there was no justification for SAB 121 and chose to do it anyway, or that there were fairly obvious mistakes made during that process. Flood concluded saying quote, The case of SAB 121 raises the question of whether the SEC is compromised. Now, as you might expect, minority whip Tom Emmer lined up to take his shot with a series of rapid -fire yes or no questions. The main thrust of his questioning was around whether Gensler's history as a partner at Goldman Sachs had colored his agenda at the SEC. To get a sense of Emmer's opinion on this, just look at his tweet from yesterday where he said, Fact, Gary Gensler is not an impartial regulator, and his answers to my questions today prove just that. He's made a career of being relentlessly loyal to the largest institutions in America at the clear expense of innovation, competition, and everyday Americans. One example, Emmer presented Gensler with a quote he previously gave about bank executives being concerned about depositors moving money into crypto. Emmer asked, Can you assure this committee that your style of regulation by harassment towards digital asset innovation is to the benefit of every American and not driven by your desire to protect industry incumbents? At another point, Emmer asked whether Gensler believed that all crypto tokens were securities, which was, once again, avoided with a rambling noncommittal answer. And all of this built up to the big finale in which Emmer said, Mr. Gensler, despite your years of rhetoric, I'm convinced you are not an impartial regulator. Instead, it's clear you are working to consolidate your own power even though it means crushing opportunities for everyday Americans and, frankly, the financial future of this country. Even the federal courts are highlighting the damage you, sir, are doing to our constituents and they are telling you you don't have the legal authority to accomplish your goal of squashing competition in the financial markets. Now, while this was extremely satisfying to watch if you happen to agree with Emmer, in general, I find that this type of interaction is exactly why these hearings are so much about and not really about productive anything. This was a chance to articulate the Republican position against Gary Gensler. There's no real place for listening. It's about laying out a narrative. Now, in this case, I happen to agree with Emmer's narrative, but it still doesn't make for the most effective governance. Another notable line of questioning came from Democrat Richie Torres. Torres used his time to dig into the issue of whether crypto should be governed by securities law. He said, I worry that the term investment contract has become so infinitely malleable and I worry that when it comes to crypto, your interpretation of the term investment contract has no limiting principle and therefore could invite arbitrary and capricious enforcement action. Torres referenced an August report from six law professors which examined the history of the Howey test. That report had noted that no Supreme Court ruling has ever determined the existence of an investment contract scheme without recognizing one or more contracts underlying that scheme. When pushed to provide a case that contradicts this research, Gensler was unable to do so. When Gensler began to waffle, Torres cut him off, stating that, This is a question to which you should know the answer because the definition of an investment contract is the central issue. That's what determines the extent of your authority. That's what determines the applicability of federal securities law to crypto transactions. Your inability to answer that question is baffling to me. Switching tactics, Torres asked whether purchasing a Pokémon card would constitute a securities transaction. Gensler, as always, was unable to give a straight answer, stating that he would know what the context was, although generally he acknowledged that it would not be. Torres followed up by asking whether purchasing a tokenized Pokémon card would be considered a securities transaction. He asked Gensler if, For you, the process of tokenization is what transforms a non -securities transaction into a securities transaction? Gensler, of course, did not get to a real answer and just fell back on restating the elements of the Howey test. One other topic that you might be wondering if it came up was the Prometheum question. Prometheum was, of course, the first crypto firm to obtain SEC registration as a crypto brokerage, despite the fact that that licensing seems to give them no ability to actually offer digital asset trading. Prometheum is also minority -owned by a prominent Chinese firm. After Gensler failed to express any serious concern with the Prometheum situation, Congressman Ralph Norman noted that the SEC had taken 10 weeks to respond to a letter on the issue. He said, Andy Ogles brought the four -hour hearing full circle, saying, And at the end of it all, after dealing with several more non -answers from Gensler, an exasperated Ogles closed the hearing with the call to, So, what can be drawn from this hearing, if anything? Well, Gensler appears to be stubbornly sticking to his plan to evade document requests and oversight from Republican representatives. Over the four -hour hearing, there were few, if any, answers from Gensler that produced any new information or even, frankly, attempted good -faith engagement with the questions. Throughout the hearing, Gensler acted as if he knew there would be no serious repercussions and he could continue to treat congressional oversight as a joke. Republicans, for their part, are clearly fed up and ready to act. McHenry began and ended the hearing with a threat to subpoena the SEC and Gensler to compel a response to the numerous document requests that have gone unanswered. The threat seemed to carry little weight for Gensler, who seemed more than willing to allow that controversial action to play out. Now, on the flip side, establishment Democrats appear entirely disengaged with the legislative process and committed to the current strategy of naming failed crypto projects and demanding that the SEC continue its rampage throughout the industry. No senior Democrats appear at all concerned that the SEC is losing in court, as long as that litigation remains a roadblock for the industry. Representative Torres remained a bright spot and one of the few Democrats breaking with his senior colleagues. His questions showed a deep understanding of the legal issues surrounding token lawsuits and the need for additional clarity and crypto regulation. Overall, the hearing really just confirmed what we already knew about Gensler and his leadership of the SEC, which is, of course, that it seems very unlikely that anything will change. However, Republicans have now clearly reached the end of their rope and are ready to play hardball by using subpoena power. As Bill Huizenga put it to Gensler, what's your plan? Because we've got a plan. Until next time, guys, be safe and take care of each other. Peace.
Tech Path Crypto
A highlight from 1269. Gary Gensler DESTROYED By Congress! FULL RECAP | Crypto vs SEC
"All right, so Gensler faces Congress, and it was a showdown for the ages. You guys do not want to miss this one. We've got a whole slew of clips from the entire hearing broken down into a very short run for you. So it's worth your time. Make sure and stick around for it. My name is Paul Baron. Welcome back into Tech Path. All right, so let's get into it. Let's just start off the top of the hill. And this, of course, is Mr. Patrick McHenry going in to the intro. Let's cut to that. So many things changed. So many things remain the same. Those are the same issues on the docket today. This means that in the last five months, you've done nothing to remedy the legitimate and often bipartisan concern expressed by this committee. That is disgraceful. Let me be clear, Chairman Gensler, our patience is wearing thin. Among your expansive rulemaking agenda items, there is not a single initiative aimed at improving access to capital. Third, your efforts to choke off the digital asset ecosystem, which has created real harm for consumers in our markets, is clear to all. On the other, we've seen your ad hoc regulation by enforcement approach to digital assets on a losing streak in the courts. You refuse to be transparent with Congress regarding your interactions with FTX and Sam Bank and Freed. Your lack of responsiveness to this committee's legitimate oversight continues to be unacceptable. And I want to finish here. So let me be clear, I do not want to be the first chairman of this committee to issue a subpoena to the Securities Exchange Commission. And you should not want to be the first SEC chair to receive a congressional subpoena. Either we find a path forward where the SEC recognizes Congress is a co -equal branch of government and is responsive to our oversight duties, or my option is to issue a subpoena. It's time for you to consider the lasting consequences of your action. All right. So McHenry kind of laying down the law there. And one thing he said that was a little confusing to me was a co -equal branch of government. They're really they're not a branch of government. So I was a little surprised at that. But let's go on the other side and listen to what Maxine Waters had to say. The chairman just indicated that his patience is running thin. Mine is thinner with the opposite side of the aisle. That said, I want you to know that you're doing exactly the job that the American people want and is shaping up to be the most pro worker, pro investor, pro small business SEC since FDR created the agency. My patient is wearing thinner than the chairman's patient. Let's get on with it.
Accelerate Your Business Growth
Thinking Big - burst 5
"You know, in my business lately, I've been having to do a lot of hiring of experts. Well, let me, wait a second, back up. I have chosen to hire out some people to do certain tasks. Like before we started recording, I was talking about this book launch and I've hired people to help me with that, right? So I could choose, and I did do this. In the beginning, I was just choosing the people that kind of had come to me or that someone recommended. I really wasn't being picky and choosy, we'll call it. I was being picky and choosy but not like I am now. At point, this I am choosing to think about who I want to hire as I only want to hire experts. I only want to hire people that know what they're doing, that I don't need to babysit, right? And there's probably a higher price tag that comes with that, but there's also more confidence. So I started thinking about myself as I am someone who hires experts. I don't just hire anyone, I only hire experts. That's what I do, right? But that was a shift. That was an option that I had to kind of grasp. So there's that. Okay, I get it. There's that, yeah. You get it? Yes, I do. Thank you. So number two. Number two. So number two is, this is kind of another fun one. If you're a big thinker, then you have to figure out what the real problem is in order to allow yourself to think big, all right? And here's what I mean by that. So when we're talking to our client, we're talking to a client, we're talking to our spouse, whoever, we as humans tend to give the whole story, like all the details, okay? When I'm on coaching calls with my clients, a lot of times they'll be like, okay, well, I'm just going to tell you this backstory because I think it might be really important. So they start in and they give me all the nitty gritty and I am notorious for stopping them and saying, wait, wait, wait, wait, wait, wait, wait, wait, wait. What's the real problem? And then they, hmm, what is the real problem? The price you're asking or that the, you know, you're late on the deadline or the thing didn't come in on time. The real problem is that you don't want to feel a negative feeling like that is what it comes down to 99 % of the time is that you just don't want to feel a negative feeling. You don't want to feel, um, defeated. You don't want to feel embarrassed. You don't want to feel like you're not in control. You don't want to feel inadequate, right? So you don't want to say to someone, hey, I'm sorry, but this thing is delayed because then what am I going to think about you that you don't know what you're doing, right? Or you don't want to say to someone, well, I actually would like to go down a different path because you're feeling like you're going to get some backlash on that. So the path isn't the problem. The delay isn't the problem. The problem is that you don't want to feel a negative feeling. So if you're not willing to figure out what the real problem is, then there's no way that you're going to be able to harness that fear that comes with kind of staying in the moment for the status quo, right? And think bigger because let's say you did want to shift gears on a project and you've got to kind of address that with the client. That's big thinking because you know in the future if you shift gears, it's going to be even more amazing than it already was, already is now, right? But you've got to get over that little hump of bringing that up, right? Or saying the hard thing. And we're wired. We don't like things that are hard or inefficient or uncomfortable, right? That's like our little caveman brain that wants to stay in the cave all comfy cozy. So we don't like that. But the real problem, 99 % of the time, is that you don't want to feel a negative feeling. End of story. Yeah. What it is. What it is. So I have to help clients see that though. Like you can't. It's really hard for us to do this on our own. So a lot of what I'm doing, I'm doing this in the book. I mean, I give tons of examples of this. And I'm doing it live in person every day. Sometimes it takes another person to ask you these questions. Why aren't you doing that? Or what's preventing you? And it's not about all the nitty -gritty details behind the scenes. It's just that basically, bottom line, you just don't want to feel something that's not so great. So what are we doing? We're focusing on the thing? Yeah. You're focusing on all the... Instead of the disease? What are we doing? Yeah. You're focusing on all these external factors, right? You're giving me the whole story about how the sofa is stuck on the ship that's coming from China. And then it got to the port and it can't get transferred across the country. And then it's going to delay the painter and it's going to blah, blah, blah. You're going to give me all the external things. And basically, I would just be like, well, have you told your client yet that there's a delay? Well, no. Why don't we just tell them? What's the big deal? Well, I mean, they're going to be disappointed. All right. They're going to be disappointed. You're disappointed too, right? Yeah, I'm disappointed too. Okay. So let's be humans and be disappointed together for about a day and then we'll move on. Yes. But see all that whole backstory? It's like all those external
Telecom Reseller
A highlight from Whitepaper: The emergence of Automation and AI for Customer Service, Podcast
"This is Doug Green, and I'm the publisher of Telecom Reseller, and I'm very pleased to have with us today Blair Pleasant. Blair, thank you for joining us today. Thanks, Doug. Good to be here. I'm glad to see you again. And we also have with us Anna Baker of EnReach. Anna, thank you for joining me today. Hi, Doug. Thank you for hosting us. We're going to be talking about one of my favorite topics, actually two of my favorite topics, automation and AI. And we're going to be talking specifically about a new white paper that just came out a couple of weeks ago, the emergence of automation. And we're going to be sort of diving into this topic. What I like about what we're going to be talking about this morning is, you know, everybody, literally, everybody is talking about AI and automation nonstop. Here we're going to be talking about it in a practical manner. We're going to talk about how it actually can be applied in the field for contact centers and other applications as well. So before we dive into that, Anna, you know, I think our readers and listeners and so on see EnReach all the time, but tell us briefly what your company does. OK. Yeah. So EnReach is a unified communication provider in Europe. We're one of the biggest players there. And we provide our communication services through partners to the smaller and medium businesses. And on the other hand, we also have integrated communication solutions for for Salesforce or for Microsoft, which we provide to the bigger companies and my team as part of EnReach. We focus on the AI part. So we've built a conversational AI platform, which we're probably going to talk about a bit today. And the idea, basically, that you guys have been talking about for a while is actually using AI, making it work for companies, for applications and so on. Am I right about that? Yeah, that's right. Yeah. The thing we discussed with Blair is we showed some cases in which we use AI to fully automate certain conversations. I think one of the examples in the white paper is about a taxi company. You can imagine how narrow these conversations typically are about people ordering taxis and how AI can really help smoothen that process or even completely automate the process. So, you know, staying with that for a second and maybe before and after, how do businesses perceive AI? Is it still an unknown or is it becoming more known? I think it's becoming more known. I mean, if you if you open LinkedIn, you can't get away from AI. And most people have played with with things like chat GPT. So in that sense, it's known. I think the thing that is still unknown is what I can do once you connect it to the data of your company. So where in chat GPT, if you chat with it, you can ask general questions. Once you connect it to the data of your company, you can ask really specific questions and get specific answers. I think this is where you now see a lot of applications is pulling the generic AI conversational AI functionality into the company space and connect it with the company's data. So, Blair, you know, in starting to work on this, how is the digital world of social media smartphones and apps impacted customer service? Yeah, basically, customers want to be able to interact with companies and brands, you know, how they want and when they want. They don't want to have to go through multiple IVR menus before they can reach an agent or get the information that they want. And more and more people are using tools like WhatsApp or Facebook Messenger for all types of things. And they expect to be able to use those channels for customer service as well now. And mainly, you know, people want to be able to get service when they need it, how they need it, you know, not just during business hours. And they're really tired of, you know, the IVR and they want more intuitive ways of interacting with organizations. And one thing is that, you know, we're finding the use of, you know, social media and apps and, you know, all these other things. It's going across demographics and generations. You know, people think, oh, you know, WhatsApp is just for, you know, 20 -somethings or 30 -somethings, but it's not. And so one thing I found is that, you know, regardless of age or, you know, whatever demographic, people want to use these tools and they are using these tools. You know, and staying with that for just a second, those tools are not just communication tools. They're emerging as basically a marketplace. They're the shopping mall. They're the place, especially in many parts of the world, where people transact everything from a haircut to buying a pair of shoes. Exactly. Yeah. So people are used to using these tools and these apps. So why shouldn't they be using it for customer service as well? And then and so, you know, businesses need to really think about this. They need to make that a part of their culture and not just something that's onto the side. Am I right about that? Oh, absolutely. And we're definitely starting to see it. You know, what used to be something kind of separate is now becoming part of organizations workflows and really the way that they do business. Santa, in customer engagement settings, how do you determine which processes are better suited for automation and which should be handled by live agents, which should be handled by live engines or maybe machine? Yeah. Yeah, I think it's all to do with whether customers allow these conversations to be automated. So if you're doing a really goal oriented conversation and it's short, you typically allow, they typically won't mind an automated process. And also from the other side, having short and narrow conversations are a lot easier to automate. And as the conversation gets longer, we see AI struggle with keeping consistent conversation and we'd rather have a human in the loop and an agent taking the conversation while the AI is supporting the agent in that conversation. Did I hear you say the word frustrate? Yeah, I think there still is a lot of frustration. I think there's frustration with the fact that the customers just want to get to an agent as quick as possible. On the other end, they're in the queue and there's many other customers trying to get to the agent. And our role is to make sure that those conversations that are, that can be automated, that can be routed more efficiently, are routed more efficiently so that we free up time for those lengthier conversations that do need agents. This sounds like it's a complicated thing. In other words, we have to make a number of important decisions if you're a company in applications about which calls go where. Yeah, typically it starts with kind of a routing. We ask people their intent, why people are calling or why people are reaching out. And based on that, we make a decision whether to see if we can help them by self service and automated service or whether we directly route to the to an agent. Because a certain conversation that doesn't make sense to try and automate you only frustrate. So let's stick with this frustration thing, because I think, you know, by the time someone's actually contacting a contact center, they're pretty frustrated sometimes. And so I need to I mean, Blair, I need to ask, is AI sometimes seen as a cost reduction tool? And can that be a problem? For some organizations, it is seen as a cost reduction tool. And down the road, I think more and more it will be. But I think right now, organizations are looking at it as a way to improve the service that they provide to customers. And you know, customers are demanding self service. You know, we know that, you know, again, across generations, across age groups, people want that self service capability and to be able to get what they need when they need it without having to, you know, wait in queue for an agent. So whatever organizations can do to help enhance self service is really seen as a benefit right now. And AI is really helping enhance those self service capabilities. And it's also helping agents be more productive when customers do talk to the agents. So I think it is seen as a cost reduction, but I think a lot of organizations are really seeing it as a way to provide better self service capabilities to customers and then also to enhance the agent performance and the agent's ability to answer and resolve the customer's issue when the customer does talk to the agent. You know, a lot of people talk about, you know, being able to replace their agents and saving money that way. But right now, it's really about agent augmentation. It's not about replacing agents and saving money that way. It really is about giving the agents the tools that they need to be more effective and to provide better service to customers. So down the road, yeah, we're going to see, you know, cost reductions based on lowering, reducing the number of agents. But right now, it's really about helping agents be more effective and helping customers get those self service capabilities that they want. Is it also about improving brand loyalty? Oh, absolutely. You know, if customers can get the information that they want, when they want it, how they want it, then that's definitely going to improve brand loyalty and customer loyalty. No doubt about that. But, you know, you were talking about frustration before. If it's a frustrating experience to customers and they can't get the information, then that impacts customer loyalty negatively. So that's why having the right tools that can really assist agents and assist customers is so important. So Blair, are consumers becoming more accepting of automated and self service environments? I'd say yes and no. You know, consumers really want to use self service and studies that I've done show that the large majority of customers will try self service before reaching out to a contact center. But that being said, a lot of people get really frustrated with automated and self service applications that can only answer specific types of questions and they don't always work as advertised. You know, I think the first generation of chatbots really didn't work very well. And customers got very frustrated, you know, frankly, personally, I hated using chatbots for the longest time because the experience was really bad. You know, it didn't provide the right answers. And half the time it didn't understand the questions. It didn't know where I was coming from. And a lot of people just gave up and stopped using this first generation. But I'd say in the past year or so, or maybe two years, the technology really has improved. And we have more conversational AI tools that do understand the questions and can provide better responses. And this is just going to keep getting better with generative AI that lets you ask questions in a more natural way and provide better responses that are easy to understand. So yes, it's been frustrating, but I think customers are becoming more accepting and will be as the technology keeps improving. So you know, Anna, you know, AI is usually perceived, I think, as a large enterprise solution. Is that correct? Can it be used with medium sized companies or even smaller companies? Yeah, I think the answer is yes and no. It's still a big topic. Integrating your data, integrating your system with AI is a lot of work. And enterprises spend a lot of money on that. And that's something that is hard for smaller businesses to replicate. On the other hand, providers like ourselves have already pre -integrated AI into the core of communication, which makes it the solution that is also achievable for those smaller players. Think about taking your IVR experience and upgrading it to a voice IVR, where instead of having to listen to the menu, you can just say, I have a question about my invoice, and the IVR system routes you to the right department. And this is something that we've basically built out of the box as a turnkey solution now. And with these large language models, it's also a lot easier to train and model for your company. So there are definitely solutions we see that are within reach for the smaller and medium businesses.
CoinDesk Podcast Network
A highlight from MONEY REIMAGINED: Breaking Down Barriers to Crypto Adoption | Insights from Jan Van Eck and Matt Hougan
"You're listening to Coindesk's Money Reimagined with Michael Casey and Sheila Warren. Hello and welcome to another edition of Money Reimagined. I'm Michael Casey. Listen to us weekly on the Coindesk podcast network or wherever you get your podcasts. We would love to hear from coindesk .com. Subject line Money Reimagined. Sheila is out this week so it's me on my own but what I'm bringing to you are recordings from an interview I did earlier this month with two leaders in fund management, both of whom have significant interests in crypto. One is Jan Van Eck, the CEO of Van Eck funds and the other is Matt Hogan, chief investment officer at Bitwise Asset Management. Van Eck and Bitwise have both filed applications with for Bitcoin. The question I wanted to put to you guys, and I'll go to you first, Jan, is I've been covering this space for 10 years now. And I think we all thought there may be some tipping point moment when the world would suddenly embrace this. And certainly there's been some incredible growth, both in terms of prices and activity and development, phenomenal growth. But at the same time, it always feels like, no, it's not yet there. So what is the single most important barrier that you see toward wider adoption of crypto? Sure. Thank you. I really break it down into, are you talking about crypto as an investment, as an asset class that should be in people's portfolios, or as a technology to be adopted? And I use this example of the relational database, which was a big breakthrough in the architecture of databases 50 years ago or more. And it created a lot more productivity, almost like AI is doing with technology today. But who cares? It wasn't investable, right? It was a nice technology, but it wasn't investable. So I'll start with the investable aspect of it. And I think that since 2017, I firmly believe that Bitcoin is a store of value alternative to gold. But I also say it's sort of like an eight -year -old child. It's going through evolution and adoption, even this year, with the ordinals kind of break through for a while and sort of transaction fees being a thing in Bitcoin, right? It's evolving, it's code, it's kind of living. And I think there's a lot of investor types that haven't adopted it yet. And that's what I see kind of going forward in the future, whether it's probably frontier countries adopting it more, maybe even formally through their central banks or something like that. I think that's foreseeable. I don't see the German central bank or the central bank buying it anytime soon, but it's possible. One of my colleagues pointed out, I think you all did a survey of, sorry, this is a long answer, but yeah, Coindesk did a survey, I think, of perceptions globally of crypto and there was a big break between EM and I guess specifically it was energy usage. It being friendlier for energy usage was the majority view in the emerging markets and in the developed markets, it wasn't that, it was the opposite. So anyway, I see Bitcoin as kind of going through cycles and gradually getting more investor adoption, the ETF aside. So let me stop there and give it to my colleague, Matt. Thanks John. I agree. And I like that separation of investment case versus sort of maybe real world utility. I would add on the investment case, I think it's already there. I agree. It's a digital alternative to gold. And so the people who are holding it are using it for its use case. And I think the barrier to mainstream adoption really is the ETF. I know we'll talk about that more later, but I think if you look back at gold, it was the ETF that brought it into the mainstream. There were a few gold funds before the ETF. Van Eck ran one of the longest running, maybe the longest running, a phenomenal fund, but it really wasn't mainstream until we had an ETF. And I think that will be the tipping point. On real world use cases, if you look at like the Ethereum ecosystem, I actually think we surmounted one of the major hurdles over the last two years. I think what stopped the NFT boom and the DeFi boom was actually the rise in transaction costs as much as anything else. I think there was not enough throughput in that ecosystem to allow it to go mainstream. And I think the development of layer twos have allowed it. I think that's necessary, but not sufficient. So there's still additional barriers, there are regulatory barriers, there are design use case barriers, but I actually think that throughput question was the biggest one and we surmounted it. We just haven't seen the fruits of it because of these other steps that we need to take as well. Okay. So there's actually both of those answers, some things I want to dive into a little bit here. The first one is like this idea of it being gold. And I think in a way, I think maybe you can read from it slightly differently because Jan, you're talking, this is what its use case is, but there is still some evolution in a way that Bitcoin needs to go into. What I think is fascinating about that is like, okay, gold isn't going to evolve. It is just gold. It's in the ground, right? But there is this Bitcoin is code, but it's also a community. It's a living, breathing ecosystem of human beings, which makes it sort of unique. And so therefore, like, you know, how it evolves into being recognized for being the status. Is there an educational component to this, for example? Like, is it important that people kind of get in their heads? We can all use the digital gold analogy, but even getting there requires an understanding about why this actually does do that. Well, let me, this is Jan. I am going to pick a fight with you on the gold side because the use of gold as an investment has changed dramatically over the last 100 years. So even if you look at the history of our company, VanEck, the reason we started our first gold fund as a gold mining fund is it was illegal to own gold in 1968. So you see both Bitcoin and gold being affected not just sort of by securities regulation, but much bigger political, debates. even geopolitical But if you go back to before FDR, right, gold was the underpinning of central banks globally with the idea of trying to reduce currency volatility so that there would be more global trade and global wealth. But then they moved to basically away from the gold system. FDR did when he wanted to spend more money during World War II. Anyway, so, you know, gold has been in and out. And now more recently, central banks around the central banks because they don't trust the U .S. to hold their dollars anymore. Okay, so maybe that's a little historical quibble, but I do think that the role changes and I think it will change with Bitcoin going forward as well, just sticking to Bitcoin. It still sounds to me as if that is a discussion about the external factors, right, i .e., regulatory models, whatever, where governments stand. And all of that is maybe what the composition of what gold is and what a secure, uncorrelated investment needs to be is all contingent upon what is actually happening in that geopolitical circle. So in some respects, Matt, it gets back to your point about like, we're still sitting here waiting for the regulators to make a decision about an ETF or whatever. Yeah, I do think we are. I wanna hit one more thing on the gold thing and then I'll get to that because I think it's really important. There is this perception that gold has been the same for 5 ,000 years, completely wrong. Most people's perceptions about gold are untrue. We went off the gold standard in the early 1970s and people didn't know what gold was, right? They were figuring out what its role in the world was. Coincidentally, or maybe not coincidentally, that was the single best decade to be invested in gold. That was a phenomenal time. When stores of value move from uncertainty to established is when they accrue a lot of value. And that's what's happening in Bitcoin. I think there's some direct analogies to gold. I'd also add gold is a lot more volatile than people give it credit for. People think of it as this steady eddy. It has big swings up and down 20, 30 % a year. A store of value doesn't have to be day to day, unvolatile to be useful. It has to hold value or accrue value over long periods of time. And I think people discredit Bitcoin because they misunderstand gold a little bit. Just to add a comment on Bitcoin before we get off of that, gold shares, to your point, like Bitcoin miners fell 90 % from 2011 to their lows in 2016. I mean, you don't get worse than that, right, in terms of volatility. And that's a part of the ecosystem. It's not bullion, but still, I completely agree with you. So I just wanted to add that. I do think also, and I really want to push you, Matt, on this, that we have a global view of regulation of Bitcoin, right, because China has really taken its foot off the brake over the last year. And I think that's, you know, I call it the country the size of the United States. I think that's super important. Yeah, I think that's really important, too. I actually agree. And I think that's been going on for the last decade. It's sort of like a blanket that won't cover the whole world. And when somebody pulls it, then another government's like, oh, maybe we have an opportunity. I think that's what we saw in China with the U .S. being more restrictive, and then Hong Kong saying, well, what if we aggressively banked gold? Maybe there's an economic opportunity there. And I think it's sort of anti -fragile in that sense. Can I just punch down, maybe we're going to move to the technology side, but I just want to punch down on Bitcoin, because I think it, as an investment, is potentially relevant to everyone's portfolios here at this conference. I mean, you may not like, there are investors like Warren Buffett that will never invest in gold and would never invest in Bitcoin. But for a lot of people, the biggest risk out there, I would say, macro risk, is U .S. federal budget deficit. And I don't know of a better hedge than gold or Bitcoin. So maybe that risk doesn't come to fruition in our lifetimes, but it has got to be an alternative that people think of regardless of everything else in crypto. Yeah. Jan and I are going to keep going back and forth. I would add, it doesn't have to come to fruition for gold to be a good, for Bitcoin to be a good investment. It's an insurance against that potentiality. And if you're a wealthy individual, that's one of the biggest risks to your long term wealth and holding that insurance policy regardless of the outlook. Last thing I would add is we've come a long way. The other mistake people make when looking at Bitcoin regulation is like evaluating us today versus a year ago. If you evaluate us today versus 10 years ago, massive progress, even today versus five years ago. Look at the conversation in Congress today around crypto versus where it was two or three years ago. People need to relax a little, take the long view, and they'll probably have a better outlook for their long term investment.
Real Estate Coaching Radio
A highlight from How To Turn Your STRESS Into SUCCESS!
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money, and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Welcome back. Today we're going to be talking about how to turn your stress into success. Here's a simple fact. All of us, no matter how organized you are, no matter how drilled down your schedule was, no matter how perfect you think you got things going for you, you're going to experience stress. It's normal, but how you react to the stress that you're experiencing, that is something that you can actually control to a great extent, not 100%. So what we're going to do today is we're going to go through, it's going to be a two -part podcast. We're going to go through a system where you can essentially acknowledge your stress. I'm not going to say manage your stress or manage your time, because those things are often unmanageable, and the very prospect of trying to manage either actually causes you more stress. That's true. Which is ironic. But what we're going to do is take you through a process so that you can really turn what mostly is an unconscious reaction to something external into something that you will find that you can derive power from and focus. So get ready to take notes, and as always, all of our notes are available down below in the show description. If you're on iTunes or YouTube or, hey, we're now on, what's that new video platform called? I forget. Anyway. Something new. Something new where videos actually are also living. And all the other, Spotify, Amazon, everywhere. We're on Google Listen and everywhere. So yes, everywhere that the podcast is listened to, you can also find the notes for our show. We oftentimes will put all of the notes that we're using. Notes are all copywritten, of course, but at the end of the day, we want you to feel free to use these when training your own agents or maybe your small brokerage, whatever. This content is designed to help you first, and then hopefully you're going to help others with this information as well. And while there also, there's a lot of links in the show description below, and you can join the premier coaching program. There's information about our eXp Real Estate Group, which you might want to consider joining all kinds of good stuff. So just scroll down and it's all there waiting for you. So Julie, let's roll into your points. Yes. And it is true that one of the most common questions we get from podcast listeners and coaching clients when you guys text us or reach out, it sounds, you know, it comes in different flavors, but it usually sounds something like this. I feel out of control with my time. I'm spending a lot of time chasing after scarce listings from my buyers, negotiating multiple offers on my own listings, and then putting out fires on my pending deals. So how can I get back into control? You're wondering what's okay to stop doing, or you should be wondering what's okay to stop doing, and what must you never drop when you're feeling out of control. There's an old saying that goes like this. If you're not controlling your time, someone or something else always will. So we're going to give you a multiple step plan. It's a little bit of this is mindset, how to control your, how you're thinking about it, and some action steps. So here are things what to get rid of and what to keep. Well, I mean, just reading your description there gave me a little bit of stress, I have to say. Did you do that on purpose, Julie? No. You'll feel better by the end, I promise. I wanted to share with them something, because the thing that actually drove my stress up a little bit when you were talking about not enough listings, guys, in the next few days, we're doing a podcast that is, I think Julie is now, what, 30 different sources? Yes. I'm actually excited. And in a couple of days, we're going to do a one -part podcast, which is all of the different online sources, resources, other than your MLS, to find listings. And there's quite a variety. We're going to talk about farms, land, ranch, commercial, normal residential, vacation properties, foreclosure, everything. But what we're doing is we're actually giving you guys links of where you can go to find homes that are for sale that are not in the MLS. That's the main thing. So the notes already have, I think it's like 25 or 30 different websites, mostly, well, I mean, they're all websites, where you can click on the link and then you can be taken to a list of a source of homes for sale. Again, these are not in the MLS. And these are almost all nationwide, by the way. Right. And we're going to be doing this the next couple of days. So yes, if you are feeling stressed from not having enough inventory, we're going to cure that in the next couple of days, listen to the podcast. All right, Julie. So part one. You got it. All right. So let's see. What to let go of versus what to keep. So let's see part one. Number one, mindset check. Are you really that busy or are you just disorganized? Take a day to get real about what you're actually managing. Sometimes just dedicating a day or even two days to getting a grip is all you actually need. So don't keep telling yourself you're overwhelmed. Instead, your affirmation is that you are surrounded by opportunity. Isn't that more accurate? This is why this is the first step. When you do that first, you'll realize that your state of overwhelm is actually temporary versus allowing it to become a lifestyle. So I don't, I didn't scan your notes, but did you talk to them at all about the brain dump? I didn't. Yes. You can add it right in here. I was thinking this would be a perfect spot. Bonus point. One and a half. That's right. Bonus point. One and a half. So one of the systems that we've used for decades, especially with coaching clients, is when they're feeling overwhelmed. Take a tablet of paper and I don't know why tablets of paper where you're writing it out is more effective than if you're typing it out. Typing it out almost, I don't know, it doesn't stick in your brain as much. So take a tablet of paper. Take like maybe one of those long yellow legal tabs or tablets and then write down everything that's in your brain. Don't stop writing until essentially everything that's in your mind that you think you should be thinking about is completely cleared out and you can do personal and business and go through every single thing. So that's the first cure because what you're going to find out oftentimes is that you're going to start, like you'll write down maybe 10 or 20 different things and then you're writing them down in different versions. Like you're going to say, take in the dry cleaning and then you're going to realize that you wrote that down as the fourth thing and now you're seeing that you write it down as the 18th thing. In other words, what you'll discover is a lot of thoughts that you're having that are feeling like they're, you know, bogging down your ability to think clearly are the same thoughts. In other words, you don't really have that many things that you think you have more going on in your head than you actually do. So when you write all this down, then you're going to look at this list and there's three filters that you run all these things through and it's called do it, delegate it or ditch it. So the things that you absolutely positively must always be doing are going to be the things that fall into the five categories of the things that make you money in real estate, which is proactively generation, you know, obviously prequalifying, presenting a lead follow up, negotiating, those types of things that we teach in premier coaching. Those are the things that you should not be delegating and you have to do it. So the do it category are the things that you absolutely positively should leave on your list. The delegated category are, there's lots of things you could be delegating, lots of things you don't have to be doing. Lots of things that may be frankly under the delegation category are things that maybe not only not don't have to do yourself, but maybe don't need done at all. In other words, you put them on your list, you thought they were important. Somebody told you they were important, maybe even, and guess what? They aren't important. So get rid of them. And then the last one is ditch it and that's where essentially the lot of the things in your second, you know, the delegated part, they're going to go to the ditch it category and just completely remove them from your list. Or another thing to do is if there's longer term projects or things you wanted to be doing, write them on a completely separate list and then segment your list. But the most important thing is if you want to really get control, and this is a good, this is a really, at the end of the day, this is a mindset point, but if you really want to clear your brain and start feeling a resemblance of control, I did, did this just the other day. Honestly, I had a big, uh, to do list and it was, um, I keep lists. I'm a list guy. I know a lot of people have different systems for it, but lists work for me because I derive immense pleasure crossing them out. Yes, it is very satisfying. That's why it's very cathartic to take a damn thing is bought in that damn list and getting rid of it. Bye bye. That's right. I enjoy that. So that's my payoff. But there's a system. So do a delegated or ditch it, but start out by doing what we call a brain dump and write everything down and then go through it. And then you'll start seeing after you actually write everything on a piece of paper, you will feel better. You will feel some sort of a cloud will lift. It will. It really will. Then you look at all the things are floating around your head and like I said, remove the duplicates first because a lot of them will be duplicates and then go for a do it delegated or ditch it and then you know, move forward. That's a simple system. Well, that's a perfect 0 .1 and a half because remember we started by saying, are you really that busy? Are you just a bit disorganized? Maybe your mind is feeling disorganized because you haven't written it down and done the brain dump, right? So that goes hand in hand. And speaking of the do it part of the do it, ditch it or delegate it. Point number two, proactively generation cannot stop. This is the first thing that agents drop when they get even a tiny bit busy. You must actively pursue new qualified appointments every single work day. And it is the most important action that you take daily, whether you have a, whether you have pending transactions or not, whether you have active listings or not, always on every call, whether it's a home inspector or lender, a past client or a pending ask, you guys should know it by now, whom do you know who could use my help buying or selling real estate or Tim's version, which I like even better. What two or three people do you know who could use my help buying or selling real estate? So make the commitment to a minimum standard of contacts every work day, even when you're feeling busy, refer to our previous podcasts about how to list and sell the homes that you need to sell your magic number as well as lead generation from best to worst. We've done so much work on this with you guys on previous podcasts and in premier coaching. So I'm going to actually, I'm going to reinforce all your points, but I'm also going to give these guys a bit of a relief valve. I have coached people who are just for some reason wired to be disorganized. They're wired to basically be Liberty Gibbets bouncing here, bouncing there. That's just how they are. But then yet they're very successful. And why are they very successful? Because they always lean back into the things that are going to make them money. And oftentimes they have really vibrant personalities and people like them, despite the fact that they're wearing shoes that don't match and you know, things like that. All right. So how do, what's the solution when you're coaching somebody like that? The solution is not trying to find them a solution. The solution is just making sure they do to the three to five things every single day that they should be doing at a high level and then holding them accountable as three to five things and then giving them permission to be whatever the hell they want to do with their time the rest of the day. In other words, they can't, it's too much emotional stress for them to be held to a schedule for more than maybe two or three hours a day at, you know, in other words, they can only really, let's air quote here, time block two or three hours a day. So what are the things they should be doing in those two or three hours? And Julie and I talk about this on the podcast all the time, but obviously Julie's pointing about proactive lead generation. We want to talk about, you know, if you had a listing appointment, presenting, negotiating, all those types of things we teach in the coaching program. But really guys, if you really want to know how to really feel long -term control of your day, your day should come down to having mastered the art and science of really doing only three to five things every day. And those things are, in our opinion, now you can modify, but this is sort of a holistic approach to this, right? You need to be making your self -determined number of contacts per day as determined by your real estate treasure map, which we give you in the first level of Premier Coaching. So whatever your number of contacts per day, you need to be making those per day. You need to be having done all your lead follow up by the end of the day. I'm giving you a whole bunch and you guys choose which ones. Ideally, when you are very, you know, essentially advanced as a proactive lead generator, you should be setting one pre -qualified listing appointment per day. Julie and I are huge advocates of doing some sort of physical workout routine every single day, taking some kind of supplements every single day, showing overt gratitude. You know, I love you Julie, I love you Tim. You know, showing overt gratitude to the people that mean the most to you every single day. If you just basically write down the things that you have to do every single day, the accumulative effect of doing those things every single day will pay off in ways that you can't even understand. It's a multiplication effect. There's a compounding of duplicating those efforts. The obvious one being is that if you're working out and you're, you know, hopefully taking care of what you eat, you're going to see, not right away, but over time, your energy level increases, your physicality increases, same goes with making contacts. But the key to making this work is do those same things every single day and then often will come down to doing what you don't want to do when you don't want to do it at the highest level, which by the way, is the founding principle of our coaching program, but also of anyone I've ever met in life who's successful at any level. They knew that they had to do what they didn't want to do when they didn't want to do it at the highest level over long periods of time. And that's what we're prescribing to all of you guys as well, because it does pay off. So really, if you're wanting to get in control, but you're absolutely one of these people that can't be in control as your coach, I give you permission not to be in control for anything other than those two or three hours, ideally in the morning, because when you get those three to five things done every single day, even if the rest of the day is like a, you know, high speed roller coaster, it does not matter because you did the most important things. Well, that's right. That's the most important thing that you said is what you do with those two to three hours is what's critical. What you're not doing is giving them permission to just say, well, I'm just a disorganized person or go on Instagram or make a bunch of TikTok videos or do a bunch of passive lead generation or go on Facebook and take a bunch of surveys. All this silliness that doesn't lead to anything. That stuff doesn't count. Okay. So we're talking about what to keep and what to ditch. Point number three, deadlines cannot be ignored or procrastinated. You can lose a deal by losing track of time or having misunderstandings with the other side. So remember that people scan through DocuSign without really realizing what they're signing or remembering it or being able to even find it again. You can't be part of that. So use a transaction coordinator if that's getting out of control or if you're your transaction coordinator, you have to be careful with your earnest money deposits, contingency releases, inspection dates. Don't let those fall behind just because you're behind. Get clarity and or get help. And I'll tell you what one of my coaching clients does is when she does new transactions. Yes, of course, that's all in DocuSign and transaction management and transaction coordinators and all that. But in also her alarms, in her phone, she gives herself two or three day warnings. There's a contingency coming up. You've got to release that so that even if she's really super busy showing houses, maybe she's got somebody coming into town and it's a really intense appointment weekend. The alarm is going to save her butt. So that's just a backup plan. There's lots of different things that you can do. But this is one thing that you really can't blow off because it could cost you a deal. Well, I'll give you some exciting news. I know because you and I are investing some frankly, some money and time into developing some A .I. bots and apps for our different businesses, that there are absolutely people that are developing A .I. right now to work directly with the major CRM or transaction management platforms. So agents are going to be able to have an A .I. bot that's essentially going to act as a real live admin who's going to oversee the entire process. It's amazing. And ChatGPT4 and Bard and all these others, this week, ChatGPT4 is releasing a version for their paid users where essentially it's going to start using voice. So remember we were talking about on the podcast yesterday about all this? Well, the technology is here. So you're going to start having a voice. In other words, it's a real human voice. It does not sound like an old fashioned answering machine. That's good. And you know, I just laughed at myself because how many people? They don't know what an answering machine is. Right. Anyway, so back to 2023 or 2024 when you're listening. So the moral of the story is that there are going to be massive advancements in this A .I. technology that's going to make your lives a lot easier, which will give you a lot more room and time to spend on the things that matter most. That's assuming that you know what those things are and you actually know how to do them. That's what coaching is all about. And yeah, a lot of this technology is going to be coming through. I shouldn't maybe necessarily say this, but I know eXp Realty is working on developing a lot of these A .I. bots. Glenn Sanford is unbelievably intelligent about creating these technologies that streamline a lot of agent processes. And really, there's no downside. The experience is better from the customer's perspective, the agent's perspective, the broker's perspective. So all that's coming to a brokerage near you, assuming you're with Juli and I at eXp Realty. There you are. All right, now our final point for today is maybe one of my favorite points in terms of getting agents and brokers really organized and giving you peace. And that is point number four today, keeping your visual accountability, your whiteboards updated. You can't ignore that. You can't put it off, update it every day. In order to know if you are on track ahead or behind, keep that updated. Don't ignore your boards just because you feel like you're currently on track or ahead or hide out from them if you feel like you're behind. Not tracking your business is what will make you behind in a matter of days or weeks. Now, there's a rule in aviation called the one in 60 rule. When a plane veers off its course by just one degree, it misses its target destination by one mile for every 60 miles it's flown. Isn't that interesting, right? It is. You think it's just one degree. What's the big deal? I can find the airport, but maybe it's not the airport you were looking for. You're the plane. Stay on course. Visual is accountability the dashboard of your business. I have to say, Tim, I know you've had this experience too. Once agents start really embracing the visual accountability, and yes, we know you've got all this kept track of in a spreadsheet or your broker tracks it or whatever. We're talking about in your office on whiteboards in front of you. It works because it is visual. They'll say, oh, my gosh, I just feel so much more peaceful knowing and seeing I've got this many listing leads. I've got this many active listings. I've got this many pending, and I've got that many closed, which means I'm exactly three deals ahead of where I should be based on my treasure map. A lot of the stress in real estate really in life is just not knowing stuff, right? Not knowing about your finances, not knowing about what's going on inside your contracts, not knowing whether you're on track ahead or behind. It will give you peace to know. Well, the dry erase boards are the reason that obviously we know about all the technologies and all the widgets that give you creative dashboards that show you all your key performance indicators and all those things. We use those things in our business as well, but it's what Julie just said. The problem with all that technology is that you can hide from it, and it hides from you. A dry erase board, especially a large dominant one, and I was thinking when you were talking how when somebody, we get Premier Coaching clients, they'll post pictures of these big -ass dry erase boards, and they'll put them up on their walls. I'm talking about the monster ones, and that's the only way to do it because it doesn't leave any typically room for anything else on the wall. Tell them what the dry erase board should be because not everybody is a coaching client. Yes, well, they should be, and we'll tell them about that in a minute. What should you track? I like to think of it chronologically, right? Every transaction that becomes a closing starts as a lead, so you track your especially listing leads. Right. I'm looking at my wall. I want to know what the dry erase boards are. That's what I'm saying. I want to know which of them are. Okay. The first dry erase board is? Leads because everything starts as a lead. Okay. Then it becomes a listing. That's the second board is active listings. Okay. Then the last one is closings. You have one in between, pendings, and then you have closed. If your goal is to close 24 transactions, your closed board will be one through 24. As they travel through your boards, they land on the closed board, and you can see, are you on deal number three? Are you on deal number five? Where are you versus where you should be? On the closed board, sellers are in red, buyers are in blue. The other thing you can also do, and this is really fine tuning all of the accountability you have for yourself, is write down on the closed board what the price was and what the commission was, and then also really drill down on what the source of the lead was. We've talked for literally thousands of hours on this podcast of the importance of never just going by how the lead actually showed up in your life. You're going to need to ask secondary and sometimes third. What would be it? Cursary? Tertiary. Tertiary. That's right. That same question more than once. You need to ask them, who originally referred you to me? Where did you originally find me? How do we connect it? The story that Julie and I tell that seems to work is we were in our office when we were selling real estate, and one of our chief transaction coordinators was this gal named Kelly. Kelly was using a prequalification seller form, so she had at her desk buyer prequalification for him and seller prequalification for him. So Julie and I were in our office, and she was doing the seller prequalification, and one of the questions was halfway through the script was basically, so why did you decide to call Tim and Julie out for the job of selling your home? I think that was the question. And she wrote down the answer, but she didn't listen to herself ask the question, and she didn't watch herself write down the answer. So she asked the question two times in a row, and the first way that they answered it was like a sign or whatever. And then she asked the same exact question, and then they answered it, and we watched as they wrote down that it was a referral from so -and -so. And so that was the real tip -off that if you don't ask for what like drill down and really dig into where they're or why they're contacting you, you're going to make the mistake of assuming that they basically are contacting you because of Facebook. Because what happens is that you're at Orange Theory, somebody asked you for a referral for a roofer. You're going to say, Jack's roofing, I don't necessarily have his phone number, my phone's in my car, whatever it is. But the person you're going to talk to remembers Jack's roofing in, say, Georgetown, Texas. So they're going to go and they're going to drop into Google, Jack's roofing, Georgetown, Texas. So the first thing that's going to come up is Jack's Facebook business page, let's say, or Instagram or whatever the hell it's going to be. And then you're going to message them through that app, and then Jack's going to get the message from Facebook that you are interested in having your roof fixed. All the while, Jack's going to then assume, hey, my Facebook campaign is working, you know? Of course. Look, I'm going to post more pictures of my lunch every single day, evidently that's generating business for me. Right. All the while, the real reason that Jack got that lead was because it was a referral from somebody you knew at the gym. You guys get the point? So if you're not asking those real drill down questions, you're really going to lose contact with the source of your business. You're not going to realize how much of your business comes from the things that don't cost any money, signs, for example, centers of influence and past clients, for example. People you maybe like, they could be somebody that an old neighbor, oh, you don't even know. You're going to have to ask. And that's what you'll self -discover, what Julie and I have been coaching all you guys for decades, is the percent of business comes from any kind of marketing and advertising is typically less than 10 % because most everyone chooses who they're going to use as a real estate professional, like 90 % based on the things we coach you guys to do, which cost you no money, which aren't anything to do with marketing, branding, and advertising. Don't misunderstand what I'm saying. Back to the roofing example, had Jack the roofer not had a business Facebook page and that person had gone to Google and tried to search for him, he may not have ever found Jack's phone number to actually make the, you know, to get in contact, right? So it's important that you have a presence online, but you've got to see it for what it is.
The Living Waters Birth Podcast
Katie's Mind Didn't Know She Was Having a Baby, But Her Body Knew Exactly What to Do
"Amazing like how uniquely every woman labors and gives birth like the fact that you didn't know and something that really stuck out to me too about your story you were like mentally I didn't know that I was having a baby but my body knew exactly what to do it's like birth is not cognitive a thing and that's something I think that we forget so often like yeah it's not something that you have to think your way through and force your body to do in fact a lot of the time our mind gets in the way of our body so yeah like it's a primal thing our bodies were designed to do it we just have to cooperate with the process essentially yeah well that's so as she was crowning did you feel like the ring of fire or anything or was it just like that last 20 minutes was intense because of the fetal ejection reflex you were having yeah it was mainly just just intense just because it was just like I was like feeling a lot I don't I don't know how to describe it it was just like things felt very like high intensity for me it's not that I was feeling any physical sensation more than it was just like something's really happening like something's come upon me you know but no I did not even feel the ring of fire I did tear a little bit but it was like very and insignificant really if I had been able to just say like okay let's get into the running man's position like I don't I'm sure I wouldn't have torn like I would have been fine but at that point I just like could not think straight so other than that like everything was completely painless I did not feel a thing leading up to anything and I didn't even feel a contraction until after when I felt my uterus contracting down and I was like wow that's what that's supposed to feel like wow that's it makes me wonder what was going on in your body leading up to that you know because like in the medical paradigm we're so used to judging the labor by what your cervix is doing and that's the entirety of what we look at pretty much like how often are you contracting what is your cervix doing and it makes me like everybody's body is so unique when we kind of just like let it be it makes me wonder what how was your body already prepared in advance to give you that kind of labor experience like you know if you had had a lot of interventions or cervical checks leading up to that like who knows what might have happened and ways that like I've been so curious yeah yeah yeah I was just gonna say I never got checked once throughout my pregnancy and it just does blow my mind because I didn't lose my mucus plug until like 30 minutes before and so I'm like did everything happen then or was it a slow process like I'm just so curious and I'll never know yeah and there's such beauty to that mystery honestly like I recently spoke with a friend her name is Beth and we talked about she had two hospital birth experiences with her first one she was 39 weeks and six days pregnant and they kind of pressured her into a cervical exam and she was already six to seven centimeters dilated without knowing it like no signs of labor or anything up to that point other than just like Braxton Hicks and she was saying like I wonder how things would have been different if I because immediately they checked they saw that she was six to seven centimeters and they were like we're going to labor and delivery and then it ended up being you know a different experience than she wanted but she could have been that way for a long time and then had a fast labor or she could have not you know it's just like there's beauty to the mystery of what is going on within our bodies the way that God designed them to be leading up to labor it's crazy how much variety there is in everybody's birth
Stuff You Should Know
A highlight from Short Stuff: The Dakota
"Hello everybody, the Xfinity 10G network was made for streaming giving you an incredible viewing experience now You can stream all of your favorite live sports shows and movies with way less buffering freezing and lagging Thanks to the next generation Xfinity 10G network You get a reliable connection so you can sit back relax and enjoy your favorite entertainment Get way more into what you're into when you stream on the Xfinity 10G network learn more at Xfinity .com Xfinity .com Hey and welcome to the short stuff, I'm Josh and there's Chuck and we're going short stuff architectural style specifically architectural style from the mid to late 19th century specifically in Manhattan and the Upper West Side specifically about the Dakota That's right. Can I say something very quickly since this is short stuff? Sure Right before we recorded you said Dakota Fanning and that reminded me I just got back from New York and I had six celebrity sightings One of which was Elle Fanning. Oh, yeah. Yeah, she's in the lobby of a hotel. I go in that hotel to pee I'm always got my head on a swivel in that town, especially in fancy hotel lobbies Sure, and I was like, hey, this is Dakota Fanning and I was like she was sitting with people I was like, there's got to be somebody else famous went to the bathroom came out sitting next to Jessica Chastain Wow, pretty major sighting then at one of my pavement shows I saw Noah Baumbach and Greta Gerwig Yeah, they're married okay Wow say so power couple yeah, I mean he co -wrote Barbie with her and Dean Wareham of Luna, they're all good friends and they were all together So that was a three banger in one and this this lady near me was jumping up and down like screaming it at Greta Gerwig and she was very sweet from up above in the balcony and like made the little heart symbol and like said she Loved her was very sweet. Oh, that's sweet. And then sat next to Tiffany Haddish on the way on the flight home Wow She was a girl across the aisle from me. Did you but did you bug her the whole time? No, I didn't say anything. Were you like, hey, hey Tiffany, you remember this one joke you told? Layers She's great though. She's very pretty too. Yeah. Yes. It is. Wonderful. I like that voice. She's got that sort of a low voice kind of like this I'm Tiffany Haddish. That's right Okay. All right. We got to go cuz we're talking the Dakota here and not Dakota fanning or Elle fanning No, the apartment building in New York City. That's right. The one where John Lennon was shot in front of Live there. No, no. No, he lived there and he was he was shot on the sidewalk outside the Dakota. So That's not the only reason the Dakota's famous. Although it's probably the biggest reason the Dakota's famous One of the reasons that Dakota is famous is because it was one of the first apartment buildings in New York City like they didn't do apartments back then and even more spectacular than that it being one of the first apartment buildings is that it was Plunked down in the Upper West Side at a time when Central Park West one of the most What is it white healed high healed? Well healed well healed like Bits of stretches of real estate in the world was a dirt road still and nowhere's Phil nowhere Yep, nobody wanted to go up that far. They're like, there's nothing up there That's right. Hey seeds in in fact, it was so far out that The guy who built the Dakota who will meet in the second Edward Cabot Clark bought it from an industrialist Whose wife threatened to divorce him if he built their house out there and he's like, I don't just get rid of this piece of Land then yeah, she's like I want to live down here where it's posh in alphabet city You know, it's funny is if you you remember if you go read our book There's a whole chapter on keeping up with the Joneses in it Oh, yeah talks a lot about this part of of New York history where there are all sorts of nowhere's Ville's around that today are just like incredibly and famous Expensive that's right. All right, so the Dakota like you said people were not living in apartments at the time they were living in brownstones, which were single -family homes and There were a couple like a couple started to spring up in the 1870s They weren't great. They were Kind of like you think of New York apartments. They were small. They didn't have a lot of light People didn't love renting And living in them and along came this guy Edward Cabot Clark that you mentioned He was the president of the Singer sewing machine company So he was loaded and he got together with an architect named Henry Janeway Hardenberg a great name and to get into real estate and the first thing they built which is sadly not there anymore is Kind of a prototype for the Dakota called the van Corlier a red brick five -story 36 apartment building that was on 7th between 55th and 56 Yeah, and it immediately improved on its predecessors Because the rooms were larger the apartments themselves were larger. There was a courtyard. So there was plenty of like natural light and air Had elevators apparently which are we're talking like the 1880s 1870s and there was also I think a What was there oh there was a ramp that went beneath it so then You didn't have to solely your family reputation by accepting deliveries out there in public You could go down to the basement and meet the delivery driver to get them to take whatever they gave you Yeah, and it was just nicer overall I think there was a an intercom system and you know, like Spanish tile. It was just it was just a step up for sure and all of a sudden in 1878 They rented out very quickly and so Clark was like, alright it turns out if you if you build it nice enough they will come and Apartments can be a real thing and like you said bought that property or I guess it was just land at the time, right? Yeah, yeah bought this land from Jacob Henry Schiff way way uptown and Decided to build his second Sort of dream property there. Yep, which would be the Dakota and I say that we pause for a message break and then return and begin talking about the Dakota some more and Tiffany Haddish right after this I'm Jonathan Strickland host of the podcast tech stuff I sat down with Sunun Shahani of Surfare Mobility, which recently went public We talked about flying and electric planes and regional air mobility The future of travel doesn't have to include crowded airports cramps seats or long road trips It can be as simple as using an app to book a short -range flight on an electric plane Learn more on tech stuff on the I heart radio app Apple podcasts or wherever you get your podcast This episode of stuff you should know is brought to you by t -mobile for business Hey everybody have you ever been driving around looking for a parking spot getting more and more irritated and you think why can't I just Look up parking spaces around my area I mean like wouldn't that make sense and if you find the spot faster You're going to create less traffic and in that sense Everybody's life is made better just by the ability to look up a parking spot. That's right my friend But that's the kind of experience that t -mobile for business 5g solutions can create from smarter cities to safer industrial workplaces 5g can enable a better more connected world Yeah And t -mobile for business has the network built for the way business and tech converge today right now Workforces are more widely distributed than ever When was the last time you saw a co -worker and industries are ripe for disruption and tech is advancing at a rate that requires vast Insecure connectivity. That's right offering the nation's largest 5g network T -mobile is the best network partner to take your business to the next level now is the time to business Bravely and start building your future today Just go to t -mobile .com slash now to learn more So Chuck we're talking about the Dakota now starting now Okay, so if the van Corleer was a Advancement based on the stuff that came a few years before it the Dakota was an even better advancement Improvement based on the van Corleer. It had big apartments big rooms Courtyard lots of light Ramp underneath and all that stuff, but it was also like even more Luxuriously designed like if you came over to someone's apartment, you couldn't see through down the hallway to every single room the walls were kind of like designed around so that you couldn't like there was a Separation between your visitors in the living part of the apartment or the sleeping part, you know the family part I guess is what you call it just little details like that Another big detail is that it had its own power plant that generated electricity for it in the 1870s Yeah, not bad the kitchens had little balconies so if you had stinky stuff like garbage that you couldn't get down or Maybe even stinky food or something. You could put it just right outside the kitchen, which was something that a lot of places didn't have Yeah, they had a boiler So they had insulated pipes bringing steam and hot water into the building Which was a big innovation at the time and they had tennis courts. They had croquet courts It was it was a real gym. It still is it's one of my favorite buildings in New York Every time I go up there to Central Park, at least I try to pop out on that area and just go go Give it a look Because it's a beautiful building. It's sort of a mishmash of styles It's been called, you know, French Renaissance or got German Gothic or even Victorian and it's kind of a little bit of everything But it's it's beautiful. I don't think I've ever seen it in person if I have I didn't realize it You may have it's it's lovely. It's right there on a corner. So here's the thing when Edward Cabot Clark was creating the Dakota He was widely derided for it. They called it Clark's Folly because people were deeply insensitive in the 19th century and the reason why they call it that is because again, it's in the middle of nowhere and People aren't really into apartments Like we said they live in like three -story Brownstones like they live in homes They don't live in apartments the people who lived in apartments as far as this house stuff works article points out were widows Widowers and people who are waiting for their wealthy relatives to die so they could inherit their house And all of a sudden Clark is like no. No, we're changing the game Anyone who is anyone is gonna want to live in an apartment and it turns out his gamble paid off. He was right Yeah, he sadly he died before it was finished So he didn't get to see it come to fruition But it was certainly not his folly because like you said people lined up to rent these things or I guess I don't know were they all rentals at the time. I wonder if anyone were available for sale. I think they were all rentals Okay, well people rented him, but they were people that had money. They just weren't like robber barons who wanted to live in mansions They were they were sort of the early New York, you know upper class They were people who like were bank presidents and people who like the CEOs of the time, right? Apparently the Adams sisters were heirs to a chewing gum Fortune they live there with it and that flavor tea berry one of the greatest gum flavors of all time. That's a Was it tea berry? Now, are you kidding? Cuz I can't tell no. No, that's for real. It's like a Kind of salmon pink colored Gum, no, no the the wrapper is okay It tastes like salmon too. No, it's a really delicate unique flavor and you could probably find it like Cracker Barrel Don't they have all sorts of old -timey candies or one of those rocket fizz places? I have no idea anywhere that sells candy I'll bet they have tea berry stick gum and it's really worth trying. All right Nice tip there. Thanks. So The Dakota started a trend all of a sudden luxury apartment houses started popping up all over the place Kind of in the same model with like bigger rooms and higher ceilings and stuff like that and the Upper West Side it wasn't right then but around the early 1900s that really started to take off and Really changed the face of New York of New York, you know, they they started building up more after World War one, obviously when New York said they could and Apartments became the way to go. Yeah Eventually, the the Dakota started seeing a different clientele not you know Straights and squares like bank presidents but like stars like Lauren Bacall and Judy Garland Wowie Wow horse Karloff, too That's pretty cool Imagine living next to him and then of course two of the most famous residents John Lennon and Yoko Oh, no Is blamed widely for moving John Lennon to the Dakota and he would have lived had she not done that Do people say that? Probably somebody out there. Okay poking fun at those people. No, I think he loved the Dakota Yeah, it would seem to be his home. They were there for like a dozen years. I think right before he died I'm not sure how long he loved New York City though. It was it was a great scene for both. He and Yoko. Yep You anything else? I got nothing else go check out the Dakota if you're in New York It's a great great looking building.
CoinDesk Podcast Network
A highlight from SBF TRIAL: Inside Sam Bankman-Fried's Trial Defense Episode 2
"The most important thing is, you know, just because a lawyer tells you something is okay, that's not a defense. Geez, he said it. He seemed to think everything was okay. Yeah. That's not an advice of counsel defense that negates criminal intent, that's an excuse. In part two of our series digging into SPF's defense, we dissect Sam Bankman -freed's claims that his lawyers played a larger role in FTX's collapse than he did. It might sound like a stretch, but there is legal precedent behind it. SPF also says he was pressured by counsel into turning FTX over to their hand -picked successor. In this episode, we sit down with Mark Litt, the prosecutor who took down Bernie Madoff, Travis Kling, a fund manager who still has millions of dollars tied up in FTX, and Mr. Purple, a pseudonymous crypto investor and fellow FTX victim, to see if there's any legitimacy to SPF's claims that lawyers who were there for FTX's rise are now primed to rake in hundreds of millions of dollars in legal fees. Money that SPF says should be used to pay back depositors. I'm Zach Ousman, you're listening to the SPF Defense Podcast, a coinage investigation. SPF's position is that FTX would have made it through the crisis if not for his lawyers, which conspired to steal the company out from under him, cover up their role in its operation, and siphon hundreds of millions of dollars in legal fees from the bankrupt estate. SPF even names one lawyer in particular, Ryan Miller, who joined FTX US from the law firm's Sullivan and Cromwell, and planned on returning there after his time at the exchange, according to an affidavit from FTX's top lawyer. SPF says Miller conspired to hand the company over to Solcrom and their chosen agent, John J. Ray III, who also handled Enron's bankruptcy. And whether you come to believe Sam's claims or not, Solcrom and Ray clearly won. If FTX's bankruptcy process takes the two years like Enron's did, it's on track to cost over $800 million. And Solcrom's relationship has already been called out by more than just Sam. It's even been raised as an issue by senators and 18 state regulators. But could SPF be right about Ryan Miller and Solcrom's nefarious motives? And even if they did do some evil lawyer shit, will it be enough to get SPF off the hook? To fully understand this defense strategy, it helps to start with SPF's story behind his attempt to plug the now notorious multi -billion dollar hole at FTX back in November's collapse. As the story goes, he was preparing to handle the liquidity crisis by courting Nomura, Japan's largest investment group, and the crypto company Tron, who had pledged billions of dollars in liquidity to FTX, while other investors were still deliberating. SPF had said he planned on giving away most of his equity in the company, and therefore most of his wealth, in an attempt to make customers of FTX International whole. SPF has always maintained that FTX US remained completely solvent right up to the end. But SPF says his rescue plan failed because Ryan Miller and Solcrom agents at his company, including Tim Wilson, another FTX lawyer with a past at Solcrom, pressed him repeatedly to sign the company's over to John Ray in bankruptcy, and even implied that if he refused, they could have him arrested and quote, change control in order to authorize a proper insolvency process. SPF said he changed his mind within 10 minutes of signing, but it was already too late. And he says his lawyers reneged on their promises to let him select a board share, blocking him out of his accounts and refusing to communicate further. As soon as John Ray was installed, he chose Sullivan and Cromwell as FTX's primary counsel. To be fair, SPF actually has a point when it comes to the sketchiness of that process. Even outside legal observers have taken issue with Solcrom being tapped as the firm to manage FTX's bankruptcy. In fact, a bipartisan group of two Republican and two Democratic senators, including Elizabeth Warren, sent a letter to the judge overseeing the case, urging him to appoint an independent examiner rather than Solcrom, which worked with FTX and Alameda before the collapse, bringing in $8 .5 million in legal fees. The senators argued, quote, given their longstanding legal work for FTX, they may well bear a measure of responsibility for the damage wrecked on the company's victims. Regulators from 18 states echoed that issue, saying appointing an independent examiner wasn't just right, it was also legally required. But back in February, the judge in the case threw out those requests, saying it would cost too much money, though we should note FTX's lawyers also charged the bankruptcy estate $21 ,000 over 20 days just for meals, which apparently isn't too much to spend. And if you ask the victims in FTX's collapse, this is all pretty important, considering it's their deposits and claims at stake. And if their money is being drained in broad daylight by a law firm who also helped FTX pre -collapse, that might not sit any better than Sam spending it. We talked to Travis Kling, who lost his crypto investment fund in FTX's collapse, and asked him to weigh in. If you ask me at the very beginning, do you think this is going to be one of the most expensive bankruptcies in U .S. history, I would say yes. Yes. You know, it's enormous. There's a ton of fraud, and it's magic internet money. Trying to kind of Monday morning quarterback this and say, oh, Sam would have been better off not filing for bankruptcy. That's not something that I feel very strongly about. And Solkrom's outrageous fees aren't the only reason for concern. SPF also claims Solkrom gave a clean bill of health to Alameda's trading accounts on FTX in a report with the CFTC just months before the collapse. Furthermore, in his affidavit, Dan Friedberg, who was both FTX's chief compliance officer and Alameda's general counsel until he stepped down following the crisis, says Miller only included FTX U .S. in the bankruptcy proceedings precisely because Miller knew it had the funds to pay Solkrom for its work, which backs up what SPF said about how FTX U .S. was never insolvent. So this may be a case of the fox guarding the henhouse. Solkrom denies any of this, of course. The firm's top bankruptcy lawyer, Andrew Dietrich, who told other lawyers FTX was rock solid in an email just days before the bankruptcy, said he only spoke with SPF twice. The FTX debtors also countersued Friedberg to seek damages, alleging he breached his fiduciary duties. We can't say much more beyond that because Solkrom never got back to us when we asked for a comment. But one thing is clear, what guidance Sam's lawyers gave him, and particularly what they knew about the business, will become integral to SPF's defense at trial. Even if you asked Ryan Miller before the collapse, the laws are pretty simple for any business, crypto or otherwise. Here he is explaining that concept at an MIT Bitcoin meetup in July 2022. Don't do fraud, don't lie, don't release materially incomplete statements. That then creates a basis for liability, liability from a criminal authority, be it a Department of Justice or liability in a civil context. Yet according to Caroline Allison's guilty plea, they had trouble following even those rules. In her sworn testimony, she said, quote, I agreed with Mr. Bankman, Fried and others to provide materially misleading financial statements to Alameda's lenders. Could Miller or any of SPF's lawyers, for that matter, be one of those others? Sam's other allegation that Miller contacted the DOJ to turn over documents that led to his indictment days before SPF linked, which controlled the company, makes Miller start to look even sketchier. But even if Solkrom really does have a true conflict of interest, could SPF really use their role in everything that happened to get an acquittal? Given that I'm not a lawyer, we pose that defense to Mark Litt, the prosecutor who took down Bernie Madoff. Can a lawyer be a criminal? Sure. Yeah. Can a lawyer be part of a criminal enterprise? Yes. Do they often go down? I don't know a lot of reputable lawyers who are going to bless lying to investors, lying to banks, intermingling funds, lying to auditors. If he happened to find one who knew all that was going on and blessed it, then maybe as a defense. But I tend to doubt it. You can't think of it as, well, oh, well, you know, Sullivan and Cromwell was involved or a former Sullivan and Cromwell lawyer was involved and, geez, he said he seemed to think everything was okay. That's not an advice of counsel defense that negates criminal intent. That's an excuse masquerading as an advice of counsel defense. Advice of counsel defense is very specific and narrow. You need competent counsel and they'll stipulate that any lawyer at Sullivan and Cromwell is competent in the subject area that they're being asked about. Second, every material fact has to be disclosed to them. Third, you have to seek their legal opinion on a subject. And fourth, you have to follow the advice. So if the defense can make out those elements, I would think they'd be able to present the defense and it might have a shot of winning. So Sol Cromwell might not be saints, but as we covered last time in episode one, SPF isn't exactly facing a trial over FTX's collapse. He's charged with a lot of things that led up to FTX's collapse. Arguably, what's alleged to have happened post -collapse matters more for FTX's victims. And if you ask them, the reviews are mixed on exactly what's played out thus far. If I'm going to judge Sullivan and Cromwell and John J. Wray from my purview of being someone who's seen these things in bankruptcy, I would give them a very low grade because you can say, oh, this is crypto, it's difficult, but it's not that difficult. And sometimes the devil you know is better than the one you don't. I will say that these debtors are extremely bad in my professional experience. That was Mr. Purple, a pseudonymous crypto investor who has experience following bankruptcy proceedings. For former FTX customers like him, Sam's spat with Sol Cromwell matters very little, as long as the firm can help achieve a meaningful recovery of their funds. And despite the fact that legal fees are stacking up, the bidding market for FTX customer claims is showing a growing hope they might not be stuck with pennies on the dollar. Another way to frame it is, you know, there's a claims market for FTX claims, trade claims, trade actively. There's a little niche of traditional finance that all they do is go around to different bankruptcies in all industries and they buy claims. This is this is a, you know, a subsector of of investing. And this is a huge bankruptcy. So this has been a very big liquid market. Right. And the first, you know, we're a very big creditor in this. So, you know, I'm in active conversations in this claims market. First, first bid we saw was in Thanksgiving and it was like six cents. That was the first bid. Six cents on the dollar, six cents on the dollar. And now now it's like 40 cents. And so it's gone from six to 40 cents. So then I'm like, OK, well, that feels quite good. Yeah. And OK, these guys are charging a load of money for that, but they have taken us from six cents to 40 cents. With both FTX's bankruptcy case and SPF's criminal case unfolding in real time, one may very well impact the other. We filed a Freedom of Information Act request for the CFTC to share the report. Sam says Solkrom filed to support that FTX's structure was above board. The agency denied our request, saying it's unable to share documents that, quote, could interfere with the conduct of federal agency law enforcement activities. And of course, as long as Solkrom selected John Ray is running the show at FTX, it's unexpected anything comes out to support SPF's case. FTX, too, didn't get back for comment. So unless SPF has direct evidence of lawyers being aware of FTX's shaky financials and helping for years to cover it up, it's hard to judge SPF's advice of counsel defense or the idea that he thought he was in the clear leading up to the collapse just because his lawyers said it was fine. As Litt said, that sounds more like an excuse than a defense. As a community owned Web3 media outlet, Coinage will be breaking down everything we've learned together through this series and curating still unanswered questions at Coinage .Media. I'm Zach Guzman. This was the second part of Coinage's investigative series covering SPF's defense. Stay tuned for episode three, where we'll explore another pillar. Of SPF's defense. You've been listening to the SPF Defense on the Coindesk Podcast Network. Follow the Coindesk Podcast Network to get all the Coindesk shows in one place and head over to Coindesk .com for all the Sam Bankman freed coverage. Thanks for listening.
Addiction Unlimited Podcast | Alcoholism | 12 Steps | Living Sober | Addiction Treatment
"stick" Discussed on Addiction Unlimited Podcast | Alcoholism | 12 Steps | Living Sober | Addiction Treatment
"You're probably stuck in a rut and regardless of what your stuck on with the issue is and regardless of how you ended up stuck in the right. There's one thing keeping you there. And that's certainty. This is where we're back at the comfort zone, humans are wired to avoid pain. And a rut becomes this little not pain free, but it's this little safe comfort zone..
Addiction Unlimited Podcast | Alcoholism | 12 Steps | Living Sober | Addiction Treatment
"stick" Discussed on Addiction Unlimited Podcast | Alcoholism | 12 Steps | Living Sober | Addiction Treatment
"And that's when you're stuck in that fear. Let's say you're struggling with loneliness. You're feeling a little disconnected. You don't have a ton of Friends, you're hanging with right.
DeaconLive
"stick" Discussed on DeaconLive
"Keep going okay. More than formula. I thank you that aren't but what it's done is it's actually taken tesla to where they can pay off a lot more. They paid off a lot of their debt. So they're almost which is always good to be debt free. they have nothing over. They have they only one for the most part anything and now they've they've made themselves one hundred trill or one trillion dollar company. Which is the first company that ever ever do that and my nephew just stuck on my nephew's down in texas eat. They rented a tesla and he said he was shocked. How well it responded. He said you step on the gas pedal instantly. You didn't have to build up. Rpm's he said those things are fast and he said the response. It's it's nothing like anything's ever driven. I think hurts. Made a really good purchase because they will do exactly that. Hey i want tesla. I take technically. I wanted to test drive one. I can rent it for a week and drive it around. See if i like this and then actually go out and buy so. It's good on both parties. You have the person wants to test. Drive a tesla for a week. You pay whatever. It is the fee for a week. Maybe it's going to be a little bit higher. Assume it'd be a little bit higher. Maybe three hundred bucks for a week. You return it. You can't say you can't return it with gas yet. Gasquet put the charger. This is all up to you guys. But for the most part i mean that's what they're doing i think they're going to see a lot of business on it and i think hurts is also partner with uber. And they're going to be uber. Let's you for those that uber. Let's you if you don't have a car. That meets her standards. They will actually help you rent or buy or lease a car from them and you can whatever your tips are and stuff like that you can. You can pay uber for your car. Paint the other day. I was in my yard. And here we go a mercedes benz a white mercedes benz sedan pulled up in. My yard pulled up by ten feet into my driveway. I thought they would just turning around. They stop and black woman got up walked over to a trunk and opened up to me because he got a couple of package amazon. I mean she had two little park reader and stuff like that but hey getting packers delivered they they make good money so it's The world's changing. But i think i'm the electric cars are good for the planet. Well you know. I was reading something. Molly was doing research for this podcast is. I was reading an article. And i almost pulled it out. Say well that's going to go against what i said about what was the other week. I said how much it costs to actually charge your electric. They actually said that. It costs you per mile per something. I forgot what it was it. Michiko your gasoline mission. Car actually is cheaper right now her to to have it next to electric now. Of course. those prices are going to fluctuate. But i got all the information. I forget what the actual article was but right now. It's cheaper to have a gas car than electric car and the differences. Maybe five percent difference five percent different to have a gas car than an electric car. But it's coming around. But gm i think was it gm that just came out and said we're going to give a hundred or ten thousand charging stations to anyone in the across united states. And all you have to do is apply for. We will come out and put these charging stations in your. Let's say a mall. If you know those simon malls or anything like that will put ten. Charging stations air for free and. I think they're doing that as well. So the charging stations the big thing. Yeah it's it's it's interesting but it's the world is changing all the time. Great jerry then all right so speaking of cars if you are down on your luck or you just need a new car if you need a new car and you want to go to the auction. Are you familiar with the auction. Dan like auto auction. Yeah and everyone. I've talked to said they've been the high price is really the so over by in orlando just outside. International airport in orlando is huge huge. You do overhead footage of this huge huge parking lot in all. This is auction cars. There's a huge auto auction there and dealers from all over the country. Come there and they they bid on a car like we got ten vans. We've got ten trucks we've got twenty trucks. We've got twenty cars a bit on them and you pay whatever and then they ship them out to you well. Airports right now are getting into that. That little deal because they have to pay a lot to store car. And what happens if something happens. And there's abandoned cars in your three story four-storey five story parking garage and you have all these banned cars. What do you do with it well. Airports are now getting in on the game. Random abandoned cars could be yours at the pittsburgh airport in this annual auction. Why do people park at the airport and never come back. Who knows it might lead to a bargain for you. This auction is being held sometime in october hero. Yeah there are stories behind the ten vehicles including a two thousand fifteen mini cooper s two thousand and two bmw in the nineteen ninety. Nine nissan maxima. People left it so it doesn't seem ten cars no law but titles. I had curious. I think they'd probably give them abandon title and go from there. Vehicles onto thing. How about industrial thanks snowplows. Enough people simply abandoned vehicles that they pittsburgh international airport each year that the pittsburgh airport authority holds the annual auction. Get rid of the growing collection this year. The auction set of this coming weekend in. Its place to be if you look in the snake. Someone's old unwanted vehic so i don't understand people are just just leave them out there. I mean they they could go on a flight somewhere that plane crash take over another country and can't come back over in things. Given i over the pittsburgh airport they are auctioning off cars. I guess this weekend and they might do it every year. Let's see what does it say. Cylinder in that two thousand six nissan ronal around one hundred and fifty miles hundred and fifty thousand miles so for eleven hundred bucks. I two thousand twelve chevy silverado. Fifty seven thousand miles sold for eighteen thousand dollars. So you're not just walking away with like a really good deal. Because i mean that right there. Two thousand twelve chevy silverado. Yeah that's not a superstar but it's a bargain all right who we come back. We got one more segment to go. And then we'll wrap it up and let you guys get back.
DeaconLive
"stick" Discussed on DeaconLive
"Wondering what the story was about. So the chance of the fans seem to say this say one thing and then the news reporter says they're saying oh look how nice it is. They're saying let's go brandon and you can hear it in this interview down below. Hold on dan for you. Get so excited arts. Hold on your stop stick. You know what i'm saying. You know what stop stick is want to go to five kim flood. I want to go to camera camera. Five you know to stop. stick is then. When i'm going along a certain space. You throw out there that exceptionally no sense and stop and skit across the ground. And and i gotta figure out. Change my tires and get back on thing. Okay just keeping your new off. Thanks here we go here we go. This is the chant. They're interviewing him. This brandon brown. He won his first impact racy. Oh my god is just such unbelievable moment now you listen to the people in the background. Listen ready brandon. You also told me as you can hear the chance from the crowd go brandon brandon. You told me kind of hang back those first two stages and just watch and learn. What did you learn that helped you there in those closing laps. Oh my god it was. Can you hear what they're saying. Yeah what are they saying. It almost sounds like the same fuck fuel by they are saying. Fuck joe biden. And this is news. Caster the interviewers saying oh look. They're saying i'll sweet that let's go or each stay to one it. Everything shifted top to bottom so much that it was kind of like okay. Let's stay patient where we're at and hope for the best and so if you see that this news reporter just kind of skimmed over the whole you know fuck joe biden and of course you. It's live to live telecasts just like we do here on. Live at the live. Telecast they're saying f joe biden. And.
DeaconLive
"stick" Discussed on DeaconLive
"The video and then you can take the video like i. Can you throw a little. You know sweepers and things on there dan. It's no different than what i do here in the studio for our video high just said he made move it and say they were good. I was thinking they've made some real horrible movies with the for the fanciest movie never actually he. I graduated before he did the the guy who directed Or created the blair witch project. He was out of university of central florida and he was a couple years behind me. And i was doing a live podcast before it was a podcast. Oh it was a live. Tv show on the news network that they had you see. How can we had him on the show we talked. I'm sitting there talking to him and stuff. He was telling us how he used the cameras of basic cameras that they used to film that he's like the whole budget was less than i think. One hundred thousand dollars to do the whole entire thing and the the actors. I didn't know what they were actually filming. They were just like on air. You know but you never seen those actors again. That's the thing because the which right is that real or not real all right. What is real. Is dan you ready so many years ago. Along the lines of what. Aim doing back in the eighties. They came out with that. One third burger. No one could figure out the math on that. Now they're revamping themselves and they came out three nine swagger now right now about ten years ago in early two thousand eighteen. They were trying to do this. Whole entire robot. They were trying to take the cooking element out of the kitchen. You know no one people. Well you take the people out of the kitchen and to get them away from these high hop heights. I risk oils on all that stuff. So they came out with someone called a flippy. Flippy was designed to become a i an i robot It was a public disaster. Flabby came out so quickly and overwhelmed by the orders that it broke down before it shift was even over so what he was doing his. He was flipping hamburgers and move in the oils. Or the move in the fries and fries all at the same time and the rover was smart enough to say. Hey if i break down and have to be doing this shit all day long. So he was revamped and eventually came back up to speed and he's been doing well quietly he's been doing well in certain environment so by two thousand nine hundred and it became clear that the takeout is gonna get a little bit more quicker so flippy successfully infiltrated white castle. Within months it was valuable employees. So now it's worth it works for white castle. You ever seen the people that work for white castle. No i've been to white castle. Wants so right now. Flippy has spun this. His unholy twin brother which is now called wing. Iw and guess what wing he's doing. I guess with his get making cooking up some wings for everybody. Some hot wings decorate their then. Yeah my cell robotics to leading producer of disembodied mechanical arms which almost certainly never used it powerful grip to strangle a part time. Assistant manager has announced it now in cahoots with inspire brands. the company behind rb sonic dunkin. Baskin robbins jimmy. Johns roast taco in buffalo wings have mega restaurant. group lease just welcomed. Its flippy wings unit dubbed wing by the kitchen team to innovation center atlanta georgia where it's currently being tailored and tuned to specification. What's it's education complete. It'd be installed at alliance. Kitchen inspired goes kitchen concept to gain some real world experience for infiltrating standalone buffalo wings. -cation next year so like burger flipping big brother wing. He uses like an ai vision to identify food which he didn't of course picks it up drops it in the fryer and onto a hot like holding area like a grill patterns and stuff but me so robot swears that wings actually making the restaurant safer by eliminating several touch points which i was talking about earlier decrease spillage. You don't lose as much and you're not losing mush of course not replenishing as much. That's the bottom line and keeping error-prone humans away from giant vats of scolding hot oil. We've seen many times of people carrying oil on tick videos and all that carrying oil or or just cleaning supplies from one sexy and they drop in it spills all over the place and i worked at kentucky fried chicken. Four hundred and twelve degrees. That oil was that they pressure plot. Do they have to keep it at four hundred and twelve degrees. Guess what they cooked to that. I mean in in these and pressure on the people that got burnt. When i was working there and it was a normal thing so now when you were working there dan if you did your job really really well. Did the store manager the owner the managers or anything like that gives you a bonus or saying. Hey you're doing a good job there. Dan nicer they actually told me we have no hours. Few and more or less said satellite plight way of saying. Get out of here now. This young lady right here. she is. The founder of a company called spanks. Now do you know what spanks is. And this is s. p. a. n. Xhosa undergone they are undergarments are kinda like they started out as like a girdle and for some women out there. They have not. I don't want to say. I'm trying to make it as nice as possible when you wear a nice long gown. There are very conscious about the little pooch. I've got low pooch right here. That i've been working on dan. You gotta pooch yet but how. How is your measuring diets. The different story. So we'll go on on another time but the spanks actually makes it look like a nice smooth flat line stomach without the lines in the in the awkwardness of having the you know a girdle girls. Were they used to tie. You've seen the core sets where they pull the strings in the back so they actually expanded now to do bras underwears and all this across a home tire world and the ceo has now maintained fifty one percent of the shares controlling shares of specs. Right here yeah. Spanks founder. sara blakely surprise employees with the new. She revealed on a post on a verified instagram friday in the video. Blakely spun aglow before revealing that. She'd bought each of her employees to first class. Tickets to anywhere in the world. she added. If you go on a trip you might wanna go out to really nice. Dinner might wanna go to a really nice hotel and so everybody's first class tickets any in the world. You are getting ten thousand dollars. Can you tax that. Is that because there's going to be. Let's say seventy five hundred maybe seventy three hundred dollars. Yeah i really want everyone to celebrate this moment in their own way and create a memory that will last a lifetime cheers to twenty one years of magic and many more to come. She wrote on her instagram page. Blakely also pointed out that. Although fifty percent entrepreneurs are women only two point three percent of the venture capital goes funding ghost to women. So what they're saying is there's fifty percent of the business owners are women but only the two point. Three percent of the funding goes to them. Direct right there yeah enter toshi paid tribute to the woman that came before me and all of the women world who have not had this opportunity. She said that when she's found its banks in two thousand. She did so with five thousand dollars in savings and now she's over over a billion. Can you imagine that your boss comes up and you worked for this company for so long or not so long but you know you started. You took a risk on it. You took a game. I took a chance on it. And it's a labor love more ways than one and then she appreciates your labor of love and lets you fly around to to first class round trip tickets anywhere in the world plus ten thousand dollars. I would think. I would sell the tickets because i don't want to be in those covert planes. I don't wanna be in other countries that don't do the whole mask and all that that's just me. I mean. I'm still go traveling. I don't know if there's a time line on the whole Windows tickets are valid but nonetheless. Now dan are your nascar fan. Now are joe biden fan. No so do you know what it means to say. This is the biggest thing that's coming out right now. it's called let's go brandon. And what does it mean. It's it's showing up on everyone's facebook pages. It's showing up on talk and nobody knows well. I say nobody knows some people up. There might not know what it is. If you've seen the hashtag let's go brandon on social media if the wonderfulness of what it meant. The phrase is hashtag relates to the nascar racer brandon brown brandon brown recently won his first infiniti race and was interviewed for a post race. With fan channing in the stands you know he's legally blind now. He's not is he. No why would you say that in the middle of this article. Dan enough shit. Do you say that right in the middle of the article. Well just.
DeaconLive
"stick" Discussed on DeaconLive
"For this new burger which is basically the old burger just redesigned so go take it away a and w perhaps embittered by the hard learned lessons past is still stuck on winning americans over with a big juicy burgers and they have a really good hammer. I mean it's it's almost like you were talking about like cook to order. If he ever had one yes. I have and they're not cooked to order but it's like do you like wendy's hamburgers where it's never frozen. It's real meat. I'm not crazy about. Not jesus dan i can't win with you. Just like spam but abbas all. I like no. When did you get my frosty day. But at least. I said all right So they decide the rebrand. The one third quarter pound way. That americans vol math skill levels be drawn to the three nine three slash nine which means three nights pound burger. Which anyone who knows math knows that it's goes eight of sixteen so yeah so the three nights if you break it down is when it's a one third pound hamburger so they figured that they do the one third hamburger or the three nights hamburger with the retards that are out there go. Oh that's larger than the quarter pounder. That's got to be more meat. So here's and actually they're going to be right in that one case that is launching the quarter pounder but you know basically the street types of people in this world. People are good at math and people want so. I'm gonna put this. I'll get the camera and you guys can watch this. This is the actual commercial. That's coming out with the three ninth burger. So if you wanna watch this for every podcast we do. We have a matching video. As well the go to profit radio dot com. Click on deacon live and you can see podcasts. We do have matching video. Here we go a. N. w. launched an advertising campaign to promote a new third pound burger. It was bigger beefier than the competition's puny quarterback option and the price was the same. So how come. Nobody bought it. Turns out. americans are just terrible at math really bad smaller than one quarter because you know for is bigger than three. The whole thing went down in history as a huge marketing fail. And we've spent the last forty years. Crunching numbers are best mathematicians working day in and day out trying to crack the unbreakable code. We'll overkill thing the insolvable equation to claw our way back from this embarrassing episode and we've done it introducing the a and w three nights bigger genius. How big it is look at it. Like how big is then. It is marketing and it's the same price to that's what they're saying. It's the same price as the quarter pounder and but look the bun sesame bun this looks like a biscuit. Almost on top or kind of like a dinner roll. I still think for big burgers. Heidi's cut the best deal fully. Big brab never liked. Hardee's i don't know why i just i think the name hardee's just kind of moves me a little bit. The thing is we go out west. It's cows junior and the burgers are better site. Same signs almost everything's identical same star but Junior tastes better all right. Well it's probably closer to the distribution center. I only go back. If you ha- if you work for a company in the ceo gave you ten thousand now don't look over here dan. I'm not giving you ten thousand dollars. Gave you ten thousand dollars and a one way or round trip ticket first class anywhere in the world you probably hang out with that job or that position right. Yeah i think that's a nice. The ceo did that when they when they found out that she took over. The company took over the controlling shares company and gave everyone a good old bonus. Check stick around. You'll see deacon library here on profit radio. I'll be right back. You're listening to lose their more. Goldie can live of cars listening to the best new rock here on proper radio. Stick around. we'll be right back like internet radio broken road us an the swiss the knob boom says. It's it's not like a penis if you can do knuckles knuckles. I named my penis knuckles. What happening in your world tonight for us. Eight degan live now presents. You kick with his latest song. The fireworks from his upcoming called the club information. Check him out on. Radio dot com. Welcome back to live broadcasting live from the covert sapien dot com studio. Don't blame the democrats and republicans trump or biden lane the actual culprit for this wide spread of the virus. Go to kobe. Sapien dot com. That's covert sapien dot com for more information and now it's time for the speed with technology back afternoon. I was wondering if anybody knew what is called the glue polly. What colleague is that like one too many coolers now it's a little bit different clubs to famous japanese event as took language translation to the next level and create an instant translator called poly glue. It can easily translate real-time speech into thirty six languages only few finger attack. It's a hand. Held voice translator class about one hundred. Seventy five bucks and i looked in there about eighteen similar items on amazon but this one seems to do things other ones don't so it doesn't in real time was the difference between that and the google translation on your phone. If you happen to be stopping in an foreign country need to ask for directions. Always just stop in a foreign country food and i mean i'm not just so i could be able to translate what people in deep salt say to me. They sometimes they'll talk to me. It's like a foreign language don't they s. l. bibliotheque. Oh yes and and. And i'd really like to see if they can make translated understand women at that would be a big technology and stuff. This company razor thinks you want a pc gaming headset that vibrates and they. The company just announced new gaming headset called the crack v. Three that fixes haptic vibrations designed to help make it a more immersing thing i just. I don't understand it it's something you know what i would like. I would like to share shoes or something vest. The the the vent yes but having it in your ear not only would be irritating. It would mess up your equilibrium. I can't see that causing you nerve damage or other problems with the air. So i kind of stay from that. They they also say you could watch it. Would you don't need any apps you can watch it for movies. I'd stay away here. But i think they should come out and not necessarily the best because the best way i would think it would get hot. You know the motors and everything running on it. If you had no motors just magnets. Well all right magnets. But i mean the mic controller. Gets a little warm does yours. You don't play you. Don't play heart in play golf. Come a wimp. But i mean i mean. They've got chairs like gaming chairs. That vibrated do they vibrate on rome. Never had one. I think they do have some little have and then I i would think they would come out you ever seen those beads at taxi drivers having their cars. You know they sit on. Maybe they have something that you sit on your 'cause i've got these real nice white leather lounge every seen those my lounge chairs in the studio. He doesn't let me in his house in my movie room. I got these big white leather things. Put a like a massage thing on your back. I mean what's the what's the sharper image. Yeah yeah planet. Fitness has a massage. Put that in your insurance like if you get shot in the back or something. It'll be interesting. But i i i'd stay away from that thing but there is one thing i found very interesting Some of these high end iphone pros have lied. Are and you probably one of that. Is that like gadol. No dr stans. If a light detection and raging it may also be commonly referred to as three d laser scanning. But you know. I would think of it as radar but with light waves instead of sound waves so you can take picture with the camera with special software. Let's say more. Take a picture of a room that you really liked house or a child or tree house built. You can take a picture and it takes a three d. image. Almost like you'd see it some realtor sites. You can take the picture with the camera. the light bounces back off. The rooms creates a three d image. That you can spin around in and look at it. So how do they do that if it's if you're sitting forward so if i'm looking forward might might prefer peripherals from left to right up to down and i take the cameron hit. Click take the picture. I'm only going to get a three d. Image of that or do i have to move the camera like when you do the panorama kind elect a panel. But it's it's much more detailed on my serve video guy walked around a statue and it will show you what parts you need. Williams move the camera to fill in all the spots and afterwards that they showed it back in his movie. And it's like you would. Totally darren three d. And you can upload these images of blender software were do your three d. modeling and it was pretty incredible. I was washing just on a regular high end iphone. And what's crazy. I was just watching something on netflix. It's called something about memes and their parents helton's on there and how the me moral you know what i mean is right. And how the whole social network and hall how to be an influence and stuff in paris hilton essentially created created the whole influence or realm or the whole. Feel the blueprint of how to be a. She was a pioneer you and she was sitting there and she was like i wanna do i wanna do something virtual and so they had her in this black tight leather outfit or whatever and she was standing in this like a globe in every three feet was a camera. And i'm sure each camera cost. I mean camera like big nikon camera. Probably each camera cost like five thousand dollars and there's probably fifty of them around the photographers like alright. Hold your hands up palms up fingers out. Hold still click. He all of them would take the picture at the same time. And these like are turned. Click all the cameras. Were taking pictures at the same time. And they would use that image and make three d avatar of her. So you're saying that what she was doing back whatever we can. Now do that with just our cameras. Would you new phone. We thought so. I mean that's a good technology. That's have you seen what they do. They actually use when they do the same thing where they put the. It almost looks like an old polaroid camera on a tripod and they put in there and they hit the button. Does the fence around the real. You know if you're gonna show a house. This is the living room. This is the dining room. This is the whatever and it sits there and spins around. I've seen that. yeah. I've seen that in. That mean you can do that with a tripod too but if i mean the real just have it set up so i'm going to go on record right now and say pretty soon. We are going to beat. Well we're just shoot movies with our phone now. Our phones are always like maybe three generations behind actual film movie cameras. But i think they've actually got films that have been made that are out in. Maybe not in the theaters but netflix and other ones that have done entirely on an iphone. They have some movies. That would be interesting to see dan. Now you're gonna make no. I mean i understand some of the commercials when the iphone first came out they they were shooting them with the actual. I iphone eleven. This commercial was shot with iphone twelve. Yeah so i mean. I think it's gonna be the technology. Phones is fantastic. Yes what else you got going on. No that's just not much any big jobs going on with the computer world. You upload download mess up your your hard. Drive your melt. Everything's pretty good. I just set up my new computer on my newspaper. And i do have some my new laptop and i get transferred a bunch of data from their old lap. Good you got time for that. While you're reckon someone else's now that's interesting. That's my time between no so all right guys when we come back. I'll talk about that. Ceo that gave everyone works for her ten thousand dollars round trip ticket first class around the world so when you said her arm swimming. It's not you..
DeaconLive
"stick" Discussed on DeaconLive
"Knives but we also have one that special. It's it's a kitchen knife. Cutting knife on a friend of mine was hand crafted from vietnam. He passed away. he was a veteran. Any Got me this knife and you still use it. Yeah i use it once in a while. Okay well if you look right here. This company is taking steak knives to a whole new level. Steak knives being made from hardened would are three times sharper than steel by experimental opt-out a tentative methods food-processing processing. Scientists have actually come up wood-processing. Yeah scientific scientists have actually come up with a new hardened form of natural material that could be fashioned into into sharp knives and sturdy. Nails the results a three sharpen the standard dinner table knife in could be thrown in the dishwasher after us. Now we have bamboo cutting boards. That you're not allowed to put in the dishwasher or anything like that. Do you have anything that you're not allowed to put in the dishwasher. I would think would itself is not allowed to go in the dishwasher and we have some. We have some spatulas that are for you know. Stick repeat hands that you beat each other with we have the spatulas but they have wooden handles and we usually watch them by hand just so we don't ruin the wooden okay. So this this hardy. New former would is a handiwork of scientists from the university of maryland. They have sent out to try to create this new natural strength which lies in the packed inside. The wood is accounting for forty to fifty percent of the material and itself is higher strength density the ratio engineers material and stuff. Okay so here. We go read this right here. It's a two step process is senior and the first step we partially line file would typically would is very rigid but after move of the line and it becomes soft flexible and somewhat squishy and the second step. We hot press by applying pressure and heat to the chemically produced would to densify and remove the water. I mean wouldn't this make perfect murder weapon you stab somebody and then throw it in the fire. Yeah that would make sense if he did that. But i mean that's how they make tempered. Steel temperate steals the same way. They heated up and then a cool the heated up and cool and what it does is it causes these nice tight ripples in like your hammers and stuff they always say never bank to have to tempered steel hammers together because split off and and shoot because it's all under pressure and the same process with tempered glass side windows so the harden would then carved into a knife and then coated with mineral oil. So i guess you're going to have to take care of these things and they said that one of us cut through whatever seemed like here's separated us as you can see it didn't read through. These stories are kitchen. We have many would pieces that are used for very long time like cutting barshop six and rolling pins. Mr lee says so right now. They're coming out with a ultra. Hardwood four steak knives now. That would do a lot because the steel industry in itself is You know it's hard to get steel. There's labor's out there. There's manufacturers out there that they can't fill the void as far as jobs anything as far as those big industrial. I've not seen a shortage of steak knife yet. But i haven't looked at from either so i mean you buy a steak knife steak knife for for life but how often i've got right now. I've i've required. I had a steak nice set when my wife and i first met. She had a steak knife set and then her dad pass away and new. He got his steak knife set. So we've got a combination of three different statements. We don't have any set per se. But we have we have enough that we all are cutting and poultry work and things like that. Now dan back in your younger years you used to. You said you used to drink beer alcohol or something like that right. Yeah when i was like twelve years old right now today you don't you say you have. Maybe have a glass of red wine or something like that. Yeah yeah sometimes. I'll have a glass of wine at night before bedtime hard liquor. I hate to use the word hard liquor because it just makes it sound horrible like you're doing something wrong. No do drugs. No i just do hard drugs. Yes no but now. I i think people understand that but i know i don't take any. I never really have car used to really i. My wife likes to do the heart seltzer and for a long time. There's there was a level of things going on the college kids. Were drinking these high. These high calorie. Ip as i drink craft beers and then they were wondering whether put on twenty pounds because every craft beers got like three hundred calories in each one what's alcohol content and craft beer can go anywhere up to eight percent almost eleven percent on a craft beer but now all of a sudden everyone's feeling that big fat fox and so they started bringing out these heart cells now. Heart shelters are one hundred calories five percent alcohol almost no sugars at all low carbs. So all these snobs trying to get into trying to lose weight. I'll do the heart seltzer. When white came out. I just like what the fuck is who the fuck is going to drink this shit because in my time you might remember product called zima. You remember zima bay. I've seen zemo was almost like i called it a alcoholic sprite. It was in a glass bottle and it was just. It was horrible. It was a malt beverage but now the new halts hard shelters are coming around and they've taken off well unfortunately the company by the name of truly or the truly the protocol. truly truly. I guess. I called truly for some reason. This called truly. They got into the game a little bit too late and what they did is they. Overbought got into the game just a little bit too late. Boston beer shellman. Jim coach told cnbc on friday. The company is deciding to throw away. It's excess supply of truly hard seltzer. They're getting rid of it dan. They don't want discount. They don't want to do anything whether they they just want to cut their losses. Get rid of everything like that. So right there yeah. We were aggressive about adding capacity adding inventory by raw materials cans flavors and frankly we overbought said koch. You also founded samuel adams parent know when the growth stops. You had more of all those things we able used because there is a shelf life so the boston beer reported an unexpected loss of four dollars and seventy six cents per share after thursday's market closed. So that's i mean that's seven or five hundred sixty one million below what they were expected to get so right now they are. Let's see why the boston beer decided to toss the product and cetera offering sales promotions and try to spur. The last little meant the cock cock coat coke said okay so instead of instead of selling it reduced and people getting it where it's passed a shelf life And they're not happy with he doesn't want to have unhappy customers. So yeah he's throwing it away throwing it in the rivers i think. What was it the tea party that did that. They call the boston tea party. I was just a little kid. Then you can see. There's a a motif here. I mean this. Is boston beer company and they have sam adams this all the whole thing. What i'm saying so there. They go now dan. You went out to lunch with kathy the other day. what did you have to eat. We got some burgers. And you know what i liked about him. I asked him well done and they were really well. Done and crunchy. So not only. Did you ask for burgers. But it's a burger that you can have cooked to order and that would be a big selling point. You know if you if you saw hamburgers in the got whatever the chef put on there. But i can't tell you how many times say i want a burger. Well done and you really well done and you get it back. And they told on the same for everybody. They don't even look at it. But how do you eat your hamburger. I like my hamburger to be half black on it and have a little crunch to it. I like it well done. Do you really like hockey park. Yeah not quite like a hockey puck. Hockey puck with a soft filling. Yeah so i guess if it's cooked to order what type of meter they use are the using ninety ten because ninety ten cook up like that and it'd be hockey it's probably eighty twenty but you know i check so right now you remember the had an w root beer. Yeah i have. And what do they call it when they put ice cream on top of it root beer float or my uncle called a black cow. Have you ever heard that slogan. I've heard blackout but not for that. Yeah it was a black call when you just took a and it was in w i believe look it up and see if you can find a black cow is ice cream and we would have black cows and we would have a and w and he put two scoops vanilla there and i think that was it. It's kind of like having a white russian and a black russian. Black russian has no cream in it. Lacouture and bailey. I believe you looking at Blackout ice cream. A place that sells came called black. Creamy vanilla swirled spicy rupiahs sherbert. So that's somebody that mixes them together play. Well i might have been lied to as what's between a black cowan rupiah flow. It just varies by region..
DeaconLive
"stick" Discussed on DeaconLive
"All right guys. We'll around we got a riveting exciting show for you this week cigarette and you're listening to live right here on property. I'll be back secrets. Said from the says sir. Your you're listening to taylor weather being thorough this on my check them out. Brook country orders from michigan. Go to taylor. Wetherby dot com..
WJR 760
"stick" Discussed on WJR 760
"Stuck. Um, thinking about a remodel, But you're worried you won't get your money back. Have you considered solar power? Solar power returns over 200% during its life. The utility company just asked for another 14% increase this year. What would it be next year? Call Michigan Solar Solutions today for a free, no hassle remote site Analysis. Michigan Solar Solutions has zero down financing and his Tesla factory trained. Call 2489233456 or visit Michigan. Solar solutions dot com. At Michigan Solar Solutions. The solution rises every morning. In today's market. It's not about whether or not your home can sell or even who can sell it the fastest. We already know it's going to go in today's market. It's all about who could put more money in your pocket. And just because the market is crazy doesn't mean that you have to go crazy getting your home ready for sale. Hi, I'm realtor Jeff Glover, and I'm proud to announce our new exclusive seller, more money, less problems program. That's right. When you list your home with our team, we take care of all the details up front and you don't have to pay a dime things such as improving the curb appeal by covering the cost of your landscaping, paying a stager to come out and shape up your look and even hiring a cleaning crew at our expense to get your home show ready the day before our photographer arrives. Yep, That's right, Improve the way your home shows without spending a penny of your own money and end up with more money in your pocket at closing because your house shows like a model home. Jeff Glover is the official real drug. The Detroit Tigers called Jeff and his team today to take advantage of their doing. Exclusive seller program at 855. Jeff Cells or on Leonard House, sold name dot com Jeff Glories affiliate with Killer Williams Realty. Certain restrictions apply. Tell you Jr traffic and weather first.
Beyond the Wheel
"stick" Discussed on Beyond the Wheel
"It's no problem so it sometimes takes a while to search. They got many readings. If you run a report nicely coming up with some ways to get reports to go further back in time a little bit more automated you can go back as As far as you want to go. I mean for an rv person. I would imagine thirty days more than you would dream that you could even need you know so. Yeah i'm thinking really honestly just within the last twenty four hours at twenty four hours. Yeah unless maybe something went on where you suspect that something went on but it never triggered the he feels now nonetheless. Maybe it'd be nice to go back and be like. Oh i have my temperature at seventy eight degrees or something and it was a seventy six for a while now. It's just interesting to see why my chocolate are melted right something like that. But it's there. So what are the ranges that the temps stick can can read so it's stay. Nerdy sing isn't earlier. So that sensor itself as a component that song circuit board now technically it has a range of minus forty degrees up to two hundred fifty seven degrees so you can use this on other planets as they have wifi eline of you're listening But actually ever is dictated by the batteries. Going cited so once the battery. It's whatever the batteries operating ranges at. Because obviously if you can't get our band in work alkaline. Batteries are Zero to about one hundred and thirty degrees. So if you alkaline batteries in freezer they. They don't work they freeze so with ours. Being just throwing must end with ours being a fridge. Freezer originating products. If you like now we put these lithium energizer lithium batteries in every single temps stick and those can go minus forty so zero down another for degrees and they can go up to one hundred forty degrees so within a range that would represent a realistic maximum for recently for up for an rv and then those aren't rechargeable and just so that no one's confused there's lithium is on and.
The Next Level Life Podcast
"stick" Discussed on The Next Level Life Podcast
"I played during the try as you absolutely try them. Try these techniques and if they don't work that that most likely because you're thirty self sabotaging behavior that we need to work for cels first. Let's talk about what it feels to lock stock state. So like i said yes. It's part of the journey. But we want to make sure we're recognizing until we moved through a quicker. Rice often are in my early days. It'll be easy to get stuck in stuck state for weeks on end right and it would literally be alive. I'm sorry sick. Suck site. And i guess like what's really k. Is that. it's not about eliminating the stock states. They're going to happen is part of the journey. Like i said we'll get annoyed and frustrated as and we find like we want to be on the other side of it but to move through it with go work through it right. And usually when i'm experiencing one livestock states is usually because if two things firstly something new is about to be berthed three you and your stock is actually the library that you need to go through to berth. This new thing Using birthing knowledge. I honestly believe this happens in business. If you will literally birthing something and it's percolating in your mind and you'll creating it. Sounds very near and so it's taking time that to library it to push through to be able to get to the opposite side of things to actually come to a place of fruition where you create something epic right. So there's either that or the second thing is is that we're actually over thinking things and we very much now his will and we've been waiting even more of a stock site so if you feel like you're number two. We literally either stocksi conflict. You feel like you can move forward in your everything he things and you're questioning things in your data yourself and all those types of things that's why this is going to support game so let's dive into the foresees..
The Next Level Life Podcast
"stick" Discussed on The Next Level Life Podcast
"Corcoran is for all hots entrepreneurs who wants to up level then mindset motivation and business to make positive and meaningful impact in the world today. So if you love what you do and wanna hear from inspiring through what ladies and successful design where we have real conversation real connections. Then this is for you. I want to assist you. In finding the clary n awareness. You need up little your mindset and set your soul on fire to take massive aligns action in your business so you can take your life to the next level ready to get started. Let's go welcome to a brand new. Wake the. You're listening to this on monday whether you're listening to this on different day of the week because you are a little bit of kick the bottom a little bit of inspiration limited motivation. Then you've come to the right place today. Want to share with us. Some cord vice. I'd give any friend that i feel is going to be never rod. Sorry anyone would come to me. By the sound feelingly stock. I don't know how to get out of this. I've i've been in this for a couple of days. And i really kind of get back to that state of florida's momentum. I wanted to put together a little episode to help you move forward. Boever shift any of that starkness to get to a place where you feel unstoppable now. My definition of being unstoppable is in that place of florey manton. When you feel like things are just moving beautifully and it's easy and you. I feel like you have to keep pushing should so we want to take you through my four steps on how i would suggest you do this. And then based on my foresees tracy's because obviously my name is christina. My last is called grand so cc always works into play so let me take you through top folding so no matter what situation you're in this is going to help you shift it because of the end of the day always comes back to your mindset if you're stuck in mindset you're going to be stuck in the action that you're taking and often stock state in literally a state of being right. It's not necessarily williams quote against an obstacle or barrier up and that still of removing foyt. It's always by the way that we're thinking about it. The that perspective taking and feeling that we're in the state of non moving that causes us to feel more and we'll stop so limited my full sticks firstly actually before we dive into that. Is i know that feeling stock is part of the journey. Cement nevada way are janney. Often we can is the starkness things that we're always going to be in this stuck. Stay or this is happening. Because there's something wrong with us. All of we don't know we've doing or that know we should be better at these little smarter at these. Whatever my that's the minds of the where attaching to it. But i want you to know it's totally part of the journey is totally of your expansion..
Joseyphina's World
"stick" Discussed on Joseyphina's World
"Once upon a time there lived divide it builds such a cordial interdependent relationship with its branches. That made the other plants around it envious because of the close relationship the vine kept thriving as long as they were in agreement. The branches weathered every storm and made it through the many droughts but the relationship began to strain when the branches of the vine started to listen to the scrawny branches of the other plants surrounding them. Aren't you tired of having your world revolved by the vine. Look we are branching out we wanna be independent. Why do you have to be stuck to the vine who determines when and how to get food and water. Look when you get out there on your own. The whole ground beneath us as ours to enjoy. Why don't you come with us. It will surely be fun. Don't you have a sense of adventure. The stronger and more matured branches paid no heed to these words and advised their younger colleagues to do sane but they watched the broken branches on the ground with longing eyes and refused to listen the only way they could leave. The vine was to starve themselves out of the daily ration of water and nutrients the vine provided because the branches had the right to free will the vine couldn't stop them from drying themselves soon. The week willed branches got their wishes. Granted by seeing themselves dropped from the vine onto the ground alas we are free no longer attached to the vine the fallen branches said to one another but come to think of it. The view from here is not appealing at all or i see are tall. Weeds rotting leafs whereas the clouds sun moon and stars fell closer to view and touch their one grumble. See it this way. Watching the elements from below isn't more on firing. A change in scenery is always back and other tried to cheer it up. Hey so good for you to join us now. You will experience how life is here on. The ground is like only the strong survive. The fallen branches from the neighbouring plan till the newcomers image credit. Fix vein a few days later. They realized they were growing weaker. And turning brown what is going on. They asked the others. Oh it's part of the transformation you are turning into sticks. That's what sticks. What's that what children play with an adult's us to prepare fire with a former. You're used as play weapons and get broken into smaller useless pieces with the latter however it is the rather sat on the road. You get wasted into ashes that blows away and what's the fun and that you get to experience life beyond the vine. Isn't that what you wished for. Not long after some children came running around plucking fruits and chasing one another. They picked up the sticks which they use to hit the low hanging fruit to fall after getting enough fruits to eat the children. Carry the stick. Home wow this is how humans live the new sticks ask themselves what are you doing with those sticks. Don't you know you can hurt yourself. Throw them away. The mothers ordered the children on their way to the rubbish bin. They callously broke. The sticks stopped on them and threw them away. The stick sobbed at the predicament. Is this our bitter end. Let's hope so. How how. I wish i was still up in the air on the by another moment. The sticks that were not picked up by the children got carried away by the women just as they were told. I hope our colleagues picked up by the children are in good hands. I'd hate to see them. Broken up into pieces. You should worry about your own fate. The sticks from the other plans advised before they realized they were bundled up and set to fire with some fuel poured over them. The sticks began to grown with the heat as they splintered. This is terrible. Why are they killing us. So what we do raw nothing personal folks. We are just materials for making food for humans. How do we stop this pain. You don't you only get a reprieve. The women pour water on us to kilifi. Even at that we would never be old sells again forever. Scarred ultimately short left they cried out pumping for rescue but it only got worse. What's happening to us. The sticks cried when they saw themselves dissipating into ashes. The end your sticks the very end. Oh if only we had listened to the branches we would still be safe on the vine. And i known but it was too late. Meanwhile the branches on the vine started wondering what had happened to their fallen. Fellows who got picked up. Do you think they're having fun doing a change in scenery and all perhaps but i wouldn't count on it. Life is in the vine outside. It is nothing the death look at those who didn't get picked on. See the rotting away. How is that life But aren't you tired of the same scenery all day every day. Don't you ever wonder how it's like out there not really ever. Since i was born on this fine i was told life begins here but with time you may fall with age when that happens embrace him. It's the end. You could be useful to someone out there but don't envy the sticks. They are dead on arrival. How sure are you that you weren't told those stories to keep you here slaving for the vine all your life. I don't see myself as a slave. I'm a branch. And i'm proud to be part of the line. Are you some listened and moved on others. Looked out there longingly. but adventure can't be a wrong thing to pursue kit it. Of course not who said. It is branches of the other plants set. They make it sound like suicide. It's not it's another life out. There want to experience it. What did you learn from this story. Kindly sharon thanks for reading copyright josephina mock twenty twenty one..
No One Told Me
"stick" Discussed on No One Told Me
"You've probably heard it quietly in your own life when you've allowed someone to make you feel small. I specifically remember picking up the clothes in my room one day because that's how desperate for destruction at this point and saying out loud. What my sixth grade sunday schoolteacher had said years before. Immediate obedience brings blessings see even then just sixteen. I was being taught about god's faithfulness about his desire to shape life of surrender as the foundation of alive spent doing his kingdom work. I mean even last week. I was reading. Ginny allen's book restless which is worth the purchase. I promise you and at the very beginning she lays the groundwork by asking. Are you ready to surrender to say god. Whatever it is. i'm up for it. I want what you want only what you want and while sitting there i'm specifically thinking to myself. Yeah i can do that. That's great but then what else. What will it end in do that if it ends and clarity in the next step if it ends in the more that i feel pulled toward but the very root of surrender is saying yes used me. No matter what's next. I'm laying every part of me down. In spite of not knowing what could be next surrender may feel like a non action but surrendering to god's plan for our lives without limitations or ulterior motives can also be called faithfulness and in the fifteen plus years since picking up the discarded close and echoing the sunday. School lesson of continued. Honing my faith in god's faithfulness. If you're a follower of jesus for any amount of time we can find ourselves believing. Faithfulness is a natural byproduct of a relationship with him..
Los Compas Lounge: a PSA for Brown Men
"stick" Discussed on Los Compas Lounge: a PSA for Brown Men
"There's a feeling that people seek right for you right and for somebody who stuck in a time warp on this and we don't see the urgency right. Did it. they're going to like get the fuck out of my life. I'm perfectly happy. Leave me alone. I love promoting parties and one day. I'm going to be the promoter. I used to be right and there is potential but i think it becomes uncomfortable for us because we.
Jeather's Random Stuff
"stick" Discussed on Jeather's Random Stuff
"Did you hear me. I did hear you turn. I can't do pink. i can't duping. I hate pink. So maybe i'll do the -til one then. Hey hey will you find the lid that fell under their dropped it so we got the kid fouling babe delivered. We're doing it on our podcast. We're on the last one. ab look what. I'm doing honey. You need to try this one. And i barely eating chocolates potato chip to for chiv look leaders. Try of the squares for you the whole time and most of the lines. They look how much of the wind leaving you now. He has his own. It's okay yeah a potato chip one or you can't taste yours until you do the line one. Yeah you have to do it with the wine now. You get a glass. Do this right now. He's like okay. Hold on. I'm gonna get it. Just go get a glass. And i'll start you. Oh okay well well you can pat. We'll pack them all on little box. And then look and then you have most of the chocolate. Well yeah because look. I have this here. We got a live online eber because the war. I am nice at times. So oh what's the most refreshing thing on a hot day. We got off topic. I was all day. I was gonna say like lemonade or something. When now i wanna rosa because it has. I don't wanna fucking lemonade less. Mike's mike's lemonade. Yeah jeff that good you like it. Mike eliminated withers alcoholics. No i like berry one. Yes black cherry. There's a black cherry luxuries decent to actually like the actual lemonade. One that much. No i can do it. I can do it. We're gonna open our last. This is the last one last one so that chunlin we have is worried about me. I'm very worried about this calvin spicy. Maya it's a seductive cinnamon pus zia chile or it is and a warming cayenne bedded and dark chocolate. I don't know about this. i'm not. I'm going to be taking a tiny tiny bite of this live. Only taking tiny bites the whole night. Because that's scaring me still a little bit so i'm gonna i'm gonna own and this is a cab so i'm actually not sticking much in my bottle. You don't like cap. I'm not a huge cab lover. I've realized this over the years. I don't have a bedroom cap franck. Which is hey you guys go to bob's you get some good way. You're not doing this. Okay oh club sandwich. I love club sandwich. Okay got a club sandwich. Jeff jeff ooh wait and what did you get for. Just a bacon burger. You have l. the cavs office..
MyTalk 107.1
"stick" Discussed on MyTalk 107.1
"Thank you, my friend. Good luck to you, Jeremy. You two Thank you so much. Everybody for everything you do. Thank you, Jeremy, While good guy. What a good guy again That's work. Many holes would for heaven's sake. I ain't doing that. And then he goes home and does the dishes. Wow. Hardworking man right there. I love that. Okay, Mystic Stick Assistant. Dawn. Will you please identify our next stick person? Our next stick person is Annie. Good morning. Eddie, How you doing? I'm great. How are you guys? Good anywhere you phoning in from today. I am currently located in shock it again. Shaka P. Beautiful. I'm in your neck of the woods right up the road there, Annie, Would you like Alexis to concentrate on your personal or professional life? I think personal would be best personal. Okay, Here we go. Once again. That sound you hear? Is Alexis shaking her box? A stick will rise from that box momentarily, And that is your stick commanded by the universe, and it comes in waiting a long time from a stick. I'm very excited. Oh, it comes complete with your own stick number. Go ahead, Dawn. Er Lexx, right? Yeah, me. Oh, Any your stick is 14. Also Let's see here what it says about your personal.