36 Burst results for "Two Ago"
The Breakdown
A highlight from Could Oil and a Gov't Shutdown Screw Up Powell's Plans?
"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 Friday, September 22nd, and today we are talking oil, macro, everything that could throw the economy off. But before we get to that, 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 at the show notes or go to bit .ly slash breakdown pod. All right, friends, well, we are sort of continuing the macro story today that we picked up around Powell and the FOMC this week. And one of the questions that Powell was asked was about risks that threatened to knock the economy off course. Two that he mentioned that we're going to spend a little time on today include oil prices and a potential government shutdown. Let's start with oil first. The price of crude oil has steadily increased over the past four months. From a low of around $70 in June, oil reached almost $90 a barrel for the US -based WTI benchmark contract and $95 per barrel and $95 per barrel for international Brent crude earlier this week. The price increase for crude has driven US gas prices back above $3 .80 per gallon, the highest level since last October. Overall, gas prices have ramped up by 20 % since the beginning of the year, according to AAA. Now, there are a number of factors all contributing to steadily increasing oil prices since the June lows. The first is OPEC+. The economic group of oil producing nations led by Saudi Arabia and Russia have recently curbed output. Production cuts, which were agreed to late last year, have been gradually implemented over the past six months. In July, Saudi Arabia voluntarily cut an additional 1 million barrels per day from its production quota, about 10 % of its previous output. Existing production cuts across OPEC have already been extended into next year and analysts expect Saudi Arabia to extend their voluntary cuts until March. On Thursday, Russia further constrained supply by banning the export of diesel and petrol. Russia is one of the world's largest suppliers of diesel alongside their status as producing around 12 % of the global supply of crude oil. The International Energy Agency said last year that Russian refineries produce, quote, roughly double the diesel needed to satisfy domestic demand and typically export half their annual production. Analyst opinions focused on the simplest explanation for the ban, retaliation for sanctions. Henning Gloestien of the Eurasia Group said, Russia wants to inflict pain on Europe and the U .S. and it looks like they're now repeating the playbook from gas and the oil market ahead of the winter months. They're showing that they're not finished using their power over energy markets. The Kremlin said the ban was temporary and aimed at addressing rising energy prices in domestic markets. However, they gave no timeline on when the ban might be lifted. U .S. and European policymakers have largely banned the importation of Russian refined fuel since February, which has required Russian supply to be routed through third party regions including Turkey, North Africa and Latin America. Now, OPEC cuts over the past year were predicated on a weakening demand profile heading into this year. At the time they were announced, recessions were expected across Europe and the U .S. China was an open question with the potential of reopening pushed back in the midst of additional pandemic waves. But since then, the European economy is sputtering along, albeit with dismal manufacturing data out of Germany. The sanctioning of Russian supply has caused European demand to be displaced to other regions with refining capacity, largely India and the Middle East. In the U .S., recession has been continuously pushed off into the future and oil demand is now back at all time highs with no signs of slowing. Although the Chinese economy has hit some turbulence recently, oil demand remains robust. Analysts expect China's oil demand to remain high as Beijing secures strategically important resources. What's more, analysts expect China's oil demand to remain high as Beijing secures strategically important resources in part to mitigate geopolitical risks as well as to shore up its manufacturing and transportation industries. So with oil prices spiking, many are wondering whether the White House will once again intervene in markets using the Strategic Petroleum Reserve. Between November 2021 and September of last year, the White House authorized a number of SPR releases. The final policy saw one million barrels per day provided into the market over six months. A small amount of oil was restocked earlier this year, but the SPR still sits at a little over half its pre -pandemic level. Earlier this week, a headline circulated proclaiming that quote, Biden says depleting SPR is on the table. This was later found to be a hoax with no legitimate source, but it demonstrates how difficult high oil prices could be for the U .S. economy heading into election season. To wit, many saw the SPR release as a political decision rather than an economic decision heading into the 2022 midterms. In the private sector, U .S. oil inventories have recently hit 40 -year lows of 46 -day supply, well below the longer -term average of 65 days. And while August's inflation reports already showed a small uptick due to oil -related prices, the effect is expected to be more profound across this month. Dario Perkins, an economist at T .S. Lombard said, That said, it is important to keep these recent inflationary developments in context. We are not yet in danger of undoing 12 months of solid disinflationary progress, not even close. Others suggested that high oil prices would have a greater impact on growth rather than inflation. Maya Bhandari, head of multi -asset at BNP Paribas Asset Management said, It really impacts the growth side of the Goldilocks equation rather than the inflation side of things over the long term. Theory is that sustained high oil prices begin to eat into disposable income for households alongside higher costs of production for manufacturing and logistics. These combine to reduce growth and potentially tip the economy into recession. Overall, this situation in the oil markets has, to some, many parallels to the liquid natural gas spike in the winter of 2022. Prices in some markets rose more than tenfold, European energy companies scrambled to secure supply at any cost, and multiple firms went bankrupt due to the volatility in markets. This week, Bloomberg reported that the trading arm of French supplier Total Energies has played a major role in bidding up the price of U .S.-based oil. Their source claimed that the firm is paying a premium for physical U .S. barrels, pushing the spread against futures to levels not seen since last November. With all of that said, there are some signs that the oil market is beginning to cool off. On Thursday, Brent crude futures fell to $92 per barrel, which represented the third straight day of price declines, which is the longest streak in almost a month. Warren Patterson, head of Commodity Strategy at ING, said the Fed's hawkish messaging has quote, put some pressure on risk assets, including oil. The dollar index has risen by 0 .8 % since Chair Powell left the podium, a large enough move to weigh on asset markets. Patterson said he still expects Brent crude to move above the $100 mark in the near term, but that he doesn't anticipate the move will be sustainable. So that is the view on oil overall. The thing that I am definitely going to be watching more than anything else is the political dimension of this. We are now entering the period where everything, even more than usual, is going to be completely wrapped up in what it means for the election season. If prices at the pump keep trending up, it seems very likely that the Biden administration will be willing to do what it takes, including SPR releases, to get those prices down. But that's just something we're going to have to keep an eye on. Now what about that other factor that Powell mentioned? Well yes, indeed, my friends, the US government is once again hurtling towards a shutdown after efforts to pass a short term spending bill were scuttled on the House floor on Thursday. House Speaker Kevin McCarthy attempted to marshal Republicans to vote through a package to keep the government funded past the end of September. Closed door negotiations continued late into Wednesday night, but were apparently unconvincing. The bill currently being considered is the $886 billion Defense Appropriations Act. The bill was stifled in the House after five GOP representatives refused to allow debate to begin by voting against a preliminary procedural rule. Democrats also voted against the measure and appeared to taunt Republicans apparently reveling in seeing the GOP's slim majority descend into chaos. Among the Republican dissenters was Marjorie Taylor Greene, who opposed the inclusion of $300 million in funding to the Ukrainian war effort. On Thursday, Politico reported that Pentagon sources have said Ukrainian operations have been exempted from any shutdown, making that part of the dispute rather moot. McCarthy sent House members home on Thursday night to return to Washington on Tuesday. He told reporters after the failed vote, quote, two people flipped, so I got to figure out how to fix that. That wasn't the impression they had given us. Now, this was McCarthy's third attempt at bringing the bill to the House floor. The current proposal on the table is a 31 -day stopgap funding mechanism to forestall a shutdown to begin next weekend. McCarthy remarked on the change in tone in Congress among that extreme element of the Republican Party, stating that, quote, this is a whole new concept of individuals that just want to burn the whole place down. Now, even if a 31 -day stopgap is passed in the House, it seems unlikely to make its way through the Democrat -controlled Senate. The bill includes a 30 percent temporary cut to domestic agencies and immigration law changes, neither of which are likely to get the seal of approval from Dems. Senate Majority Leader Chuck Schumer said instead of decreasing the chance of a shutdown, Speaker McCarthy is actually increasing it by wasting time on extremist proposals that cannot become law in the Senate. House Democrat leader Hakeem Jeffries remarked that the situation was playing out as a, quote, Republican civil war. Now, if it comes to pass, this would be the 11th government shutdown since 1980. The logic is that hard -line positions that don't enjoy support in the Congress can be put directly to the American people by shutting down the government and drawing attention to the impasse. Republican Ralph Norman said last week that, quote, we're going to have a shutdown. We believe in what we're doing. The jury will be the country. Still, the record on government shutdowns doesn't really support that strategy. Not one of the 10 previous shutdowns resulted in the dissenting group extracting concessions. Typically, the American people quickly turn on the party they view as blocking access to government services over a petty squabble. Alex Conant, a Republican strategist, said, This is such a dumb fight because there's no principle that we're standing on here. It's just bad tactics. While the dispute is nominally over excessive government spending, with Republican dissenters pushing for funding to be reduced back to 2022 levels, the underlying problem is, of course, the level of discord within the Republican Party. McCarthy was voted in as House Speaker after a record 15 attempts. The process took four days and frequently descended into a farce. This was only the second time in the post -Civil War era that a House Speaker had failed to be elected on the first attempt. Conant noted the terrible optics of a government shutdown of the Republicans' own making heading into election season, stating that, quote, Biden didn't win because of his political skills and soaring oratory. He won because Republicans blew themselves up with Trump. I'm afraid we're seeing history repeat itself, with the GOP once again helping Biden by shooting themselves in the foot. Of course, never one to shy away from controversy, Trump fanned the flames on Wednesday, posting that, quote, Republicans in Congress can and must defund all aspects of Crooked Joe Biden's weaponized government that refuses to close the border and treats half the country as enemies of the state. He added that, quote, This is also the last chance to defund these political prosecutions against me and other patriots. They failed on the debt limit they must not fail now. Use the power of the person to defend the country. Now, zooming out and trying to get away from the politics of the situation, which obviously is not the focus of this show. The reason that this was brought up at last week's FOMC press conference is that a government shutdown would halt the publication of government data. This would include employment, inflation and growth statistics, which are currently playing a key role in guiding Fed policy. Now, given how much the Fed has said over and over again, their policy is going to be driven by data, presumably not having access to that data would be a fairly big deal. Yet in spite of that, Powell tried to put on a brave face, saying, If there is a government shutdown and it lasts through the next meeting, then it's possible we wouldn't be getting some of the data that we would ordinarily get and we would just have to deal with that. Now, by way of some history, the longest ever government shutdown lasted 35 days. The dispute was around funding for the border wall and quickly turned public sentiment against the Trump administration. Republicans controlled both the House and the Senate, but the administration failed to convince their own party to fund the wall. At the time, Democrat Senator Jon Tester called it the most stupid shutdown I have ever seen in my life. However, if this week's display is anything to go by, that 2019 shutdown could soon have some competition for that title. Now, what does this all have to do with the crypto sphere? Well, I think in many ways these are just exemplary of the state of politics in general. And given that, perhaps it's not surprising that former Senator Pat Toomey is not optimistic about the chances of crypto legislation being passed during this Congress. Just prior to retiring from Congress at the beginning of the year, Toomey introduced his own crypto bill, which focused on stablecoin regulations. Now, the House currently has two major crypto bills eligible to be brought for a vote. One would establish a stablecoin framework while the other introduces more broad crypto regulations. While speaking at a Georgetown Law Seminar on Thursday, however, Toomey said, I don't see a path forward in the Senate regardless of how the vote goes in the House. He added that of the two, he sees the stablecoin legislation as having the best shot. The sticking point will likely be Senate Banking Committee Chairman Sherrod Brown. While Brown has been outspoken about the risks of crypto and the need to bring the industry to heel, he has so far remained extremely quiet on exactly what form of legislation would meet his approval. And of course, any crypto legislation would need the support of Democratic senators to pass a vote to become law. Still, during an interview on Thursday, Coinbase Chief Policy Officer Faryar Shirzad said that she thinks that Brown's lack of commitment to a legislative position might actually be a good thing. Shirzad said, Now, last week, Brown wrote a letter to head regulators at multiple agencies urging them to use their existing powers to crack down on non -compliant crypto firms. This of course seems to be the clear intention, at least at the SEC. On Tuesday, the head of that agency's crypto assets and cyber unit, David Hirsch, warned that more enforcement actions would be coming against crypto intermediaries, including DeFi protocols. Still, Toomey, who serves now as an advisor to Coinbase, views stablecoin legislation as the solvable problem. At the moment, Democrats are pushing for the Fed to serve a central role in regulating issuers rather than granting oversight power to state regulators. This preference is believed to be driven by the White House. Toomey said, He thinks that senior Democrats will get on board once the White House is satisfied with the stablecoin proposal. Although that proposal might have to wait until after the election, as Toomey said in the next Congress, I think it's quite possible to get something done.
Simply Bitcoin
Fresh update on "two ago" discussed on Simply Bitcoin
"Like there are so many things that that overlap. And there was like this hunger with people who are asking for advice on homeschooling. And so so this I'm going to make this the first time publicly to talk about it. We just started a Bitcoin homeschool podcast. We have our first recording up struggling with a little bit. We got it on Apple. I'm trying to it's not on Google yet. It's on fountain. So we're trying to get it out there. But if you go to Bitcoin homeschoolers dot com, you can check it out. Let us know what you want to hear. But right now, our point of view, the whole free market kids point of view is we've got two decades of experience homeschooling. We love Bitcoin. We're not programmers, we're not influencers that can do like the podcasting thing, like like what you're doing with with simply, you know, we're not going to tech on the talk on the investment side. What do we know? Well, we know about what it was like to to basically take control of the education for for our kids. And so what we're trying to do is this is our way of trying to serve the Bitcoin community with what we know. And so we're super pumped about it. And we're hoping to get a lot of feedback from people on what they want to hear, get some guests on there. But that's an overview of free market kids. Love it. OK, one question someone asked is, is HODL up game going to be available in UK? It's technically available now. What we're struggling with is you got a lot of supply chain frictions and they put on stupid import duties and we're I need to figure out the distribution model physically. So the second thing we're working on is we're working on we're trying to find a partner to help get a digital version to try to spread it out there. And we've got a couple. So if you know somebody in another country that's already familiar with the distribution model there and we can figure out between game publishers and distributors how we can lower that price 100 percent. Right now, if you order on our site, usually it'll go like DHL. It's expensive as hell and I hate it. So we're trying to we're trying to work it, work it through. We've had people buy it in Australia, in Germany and in the UK, like we've had people buy it all over. But unfortunately, right now, yeah, you got to pay a price for all the import duties and stuff. It's I'm sorry. Yeah. Yeah. We we've had similar requests to ship some of our merch to like Canada and other areas. And we're like, dude, we're trying to figure it out. The shipping costs might be too high. They don't want us to ship you stuff, guys. It's it's incredible. Anyways, Scott, let's jump back to kind of a topic. I don't know if you said this exactly on the show yet, but you did say it in the beginning before we were talking about. And it's something I kind of talk about all the time. I am a public school student myself. So, you know, I am not denigrating anyone here when I say this. But I remember Safedean said something on the lines of like the American public education system is set up in such a way to basically make you a just a good factory worker. And they don't instill you, obviously, with the mechanisms of money, because as I say all the time, they want you deaf, dumb and blind. And I really like the meme you were saying of separating not only money from state, but separating education in state. And so maybe for the people out there that have children and maybe are working their nine to five, what would you say to them? Say that that I always hear in regards to homeschooling, like I don't have enough time to me to homeschool my children. Oh, yeah. Yeah. There's a lot there. First of all, there's a lot of FUD out there about what homeschooling is and isn't. And let me just tell you that the it is an asymmetric upside type of thing. You can let your kids excel in ways that are just amazing and you can avoid a lot of the indoctrination that goes on there. Kids are resilient. If you have to send them back to public school, like it's a low, low risk opportunity. But let's say you're a couple and you need both incomes to to get by. And that and the reality is that's a lot of families right now and not everybody is able to get by on on one income. So what I would say to you is a couple of things. Number one, there's a huge community of support, right? There are a lot of resources out there. There are a lot of people you can talk to. And number two, you just need to be committed, like take the step and say we're going to we're going to teach our kids about the history of money or we're going to teach our kids about Bitcoin or we're going to teach our kids about how to think critically. So what you were just mentioning just a second ago, where you just want factory workers that comply, I will tell you, our four kids, they are very polite. They first of all, all the thought about not being able to socially adjust. That's not true at all. Homeschooling kids can talk to adults, I think better than most of the kids in high school today in public school. And they push back on us, but in a respectful way. And they can think critically through things. And that is a skill where we don't I do not believe that's what you're really encouraging. If you're if you're looking at a kid in public school and they're more concerned about why a boy doesn't want to sit still in a in a seat, like, I mean, just think about it like, of course, they don't want to sit still. They're a kid. You're you're trying to like get them to comply with everything. The ability to think critically is a huge, huge advantage. And you don't have to have them homeschooled to do that. When you're when you're at home, are you having dinner together? Are you watching TV or you're doing some kind of game where you have to interact with each other, like a weekly game night or something? Just because you're you have to do public school with both with with both parents, they're still your kids. You still get to you still get to make a decision about how you're going to spend your precious time with them. And then as soon as you can get them out, my recommendation is to to take that into your own hands. And then you can really you can really accelerate it. But you have a huge support community, take the first step, then have the courage to see it through. And what will happen is you will see that you have capabilities you didn't even know you had. And then you'll get your confidence. You don't start with the confidence that you're going to know what to do. You're going to commit to what's right. And then as you grow, you're going to grow a lot as you try to teach your kids. Your confidence will come after the fact. So I don't know if I answered exactly your question or not. I feel like I'm kind of answering like like a ton of things there at once. But it's great. Yeah. Yeah. Back to the lines off. Tell me what you want me to focus on. I, I just absolutely think because like, look, I've realized as a public school student, just like how much I don't know. And I've said I've told this story all the time on the show. You know, I got a degree in philosophy and I fell in love with Socrates because of one quote. I know that I know nothing. And just like staying humble and understanding like, man, I have absolutely no clue what's going on in the world. And so this is just constantly just being curious and trying to figure out what's going on. And then on my next meme is the idea of like, man, I want I want to build up an army of soldiers around me. Like I want I don't have kids yet. I don't even have a wife yet, but I'm trying to build an empire. And one of my friends, Joe Rogers, he always says the same thing over and over and over again. He's like, man, kids are so awesome. You literally get to propagate the memes. And I like and if you don't know what he means, it's like you can literally form your children into the memetic warfare that you want them to do. You get to program them into the awesome Bitcoiner that you want to see. Yeah, that's awesome. Do you know that in in Germany, you're not even allowed to homeschool? It's against the law. And you think about like when the state wants control of your kids. Why? And it's exactly because they control the memes. And right now there's a I forget the number. There's a California law that just passed legislation. And it hasn't been signed by the governor yet, but it has to do with basically they can use whether or not you affirm gender for custody reasons. So now you can't even have an opinion on on that with your kids. Like to me, the public school thing that the scary part is they want to control the means for your kids and they want to separate them from their parents. And and that's that is just dangerous, dangerous territory. So whatever your situation is, I would just encourage you to build that relationship with your your your children. And and then if you start to see signs of of that, take action to do something, get them out of whatever that is. Because once that in those formative years, once that's there, man, I don't care how many memes you throw at them. If you've if you've lost their their their the the framework and that is that's that that's really sad. And then the government wins in that case. Yeah, it's it's no surprise that we are actively seeing the attack on children. And not only that, but the separation of the nuclear family is because if you don't have a strong family unit, then it becomes a lot easier to brainwash that child with with whatever means the state wants. And I think this is the importance of the separation of not only money in state, but education state. And, you know, Scott, kudos to you. I'm sure we can have this conversation for forever, but we are on a time limit. So hopefully you can pop in on the spaces afterwards and we can continue this conversation. All right. Sweet. All right. Before we go on, though, shout out to Kaboom Racks. Guys, go to KaboomRacks.com. If you're thinking about buying a six right now in the bear market, which is probably when you should be buying them, go to KaboomRacks.com. The most trusted place to buy, sell and host. What does they say? Buy our racks. You check out our racks, check out our racks on KaboomRacks.com. They also have a telegram group. I think it's t.me slash KaboomRacks. Go get in touch with them. And shouts out to the boys over there. They are doing a great job. Literally reach out to Tucson, my boy Tucson. Actually, Alex, sorry if I doxed you again on the show. I was about to say Alex. Yeah, I probably would have doxed you, but they will literally guide you through this guys. They will hold your hand. They will ask your questions. They really are, in my opinion, top tier when it comes to getting some Asics for you guys. All my friends are downloading the Asics and Kaboom Racks firmware. Anyways, go to KaboomRacks.com. If you want some Asics, let's get a meme review, guys. This is the only reason you show up to the show.
Crypto Banter
A highlight from Make 1 ETH In JUST 1 Hour! How I Did It!
"So we're dealing with the red day the hangover from last night's FOMC meeting It's like a delayed reaction to what Jerome Powell said last night We're gonna have to talk about what Jerome Powell said because at the time when he was speaking Nothing happened to markets But afterwards what we realized is exactly this we realized that what Jerome Powell did last night was he may have actually broken the market What is it that he said that actually scared people and why is it that right now if we look at Bitcoin? Here we are. We are at twenty six thousand five hundred and forty. You remember before FOMC last night. We were at twenty seven thousand four hundred We thought we were gonna get a pump We also touched the top of the Bollinger Bands and now we're gonna come down if we start coming down again to the bottom of the Bollinger Bands we could go back down to Twenty five thousand one hundred and fifty five. So what did he do? What did Powell say? What did Powell do that has set off this reaction that has set off the Dixie look at the Dixie The Dixie is now had one two, three, four, five six, seven eight nine We are in the tenth green weekly candle for the Dixie and to make matters actually even worse if you go into the daily the Dixie has just had a golden cross now You know what a golden cross is the golden cross is the opposite of the death cross When you have a death cross usually prices continue to go down when you have the golden cross That's when prices usually go up and I'll take you to the last time that we had this golden cross Look what happened to the Dixie. So what did Powell do? Why is the market responding the way the markets responding we need to talk about that I'm also going to show you something now and then I'm going to tell you that I'm going to tell you why I'm showing it To you so first of all I want you to watch this because this is probably the most important clip that you will see today Channel where we critique attack and under. Hello there you awakening wonders now This isn't the usual type of video we make on this channel where we critique attack and undermine the news in all its corruption Because in this story, I am the news I've received two extremely disturbing letters or a letter and an email one from a mainstream media TV company one from a newspaper listing a litany of Extremely egregious and aggressive attacks as well as some pretty stupid stuffs like my community festival should be stopped that I shouldn't So that's right That's Russell brand and that's the beginning of something that he said and we're gonna talk about it And I know you don't know it now But I'm gonna show you why that is the only Reason in the world that you need to go out and actually buy a Bitcoin today It's the most important nature actually gonna do I'm gonna link it back to the Russell brand story. That's gonna be Saying that we must talk about today This is a story that that cut me deep and we have to spend some time talking about Russell brand Getting potentially cancelled and why that means that you and I need to buy Bitcoin absolutely immediately Then I'm going to show you a brilliant brilliant brilliant trading to the training tool that's gonna change your life I'm gonna show you how I made one East in less than one hour and you can make one East in less than one hour Too I want to talk about a new blockchain the blockchain is that blockchain over there, which is a combination of Solana Cosmo Celestia and Bullrun or be a catalyst for the next bull run then lastly if you want a hundred bucks for free what you need to do is stay tuned until the end of the show and So to get the show going I want to thank the community who sent this to us Bull runs coming back bull runs coming back bull runs coming back bull runs coming back Bull runs coming back bull runs coming back I need crypto banter Give me crypto banter I need crypto answers Hey Hey Go Stack it up on my nose I'm getting obese from this East I've been buying more Sip coffee bean on my screens The crypto show I'm a bull under gold I'm turning these bears into ghosts Snap at school That's the crash course Crypto man runs in a fast Porsche So much news and research I'm just glad for it Spewing all this alpha we go mad for it Crypto banter I need crypto banter Give me crypto banter I need crypto answers You like it? Let me know in the comments if you like it I'd make it Obviously community members sent it to us Thank you thank you thank you If you were the people that sent it to us We will give you guys a thing I mean initially I didn't like it But then the whole day I was like Crypto banter baby Crypto answers Someone says this song is terrible Yeah well you let me know what you think Listen first of all I want to apologize to you guys I want to apologize On behalf of Jerome Powell For giving us the most boring FOMC Meeting of our lives I feel that we all wasted about two hours Of our time last night In fact the most exciting Part of the whole event last night Was watching the Subscriber count on our new channel So this is our new channel Called Crypto Banter Plus If you're not already subscribed to Crypto Banter Plus Go and subscribe to Crypto Banter Plus Because we're gonna have a whole lot of Trading videos here Annie's trading videos My trading videos Sheldon's trading videos And a whole lot more content here And as you subscribe What you'll see Is that we've made this little counter To see how everybody subscribes How do you subscribe? There's a link below It's a top link Click on that link Go to the channel Subscribe to the channel You're gonna miss out Because yesterday The FOMC that we did We actually watched it here On Crypto Banter Plus So this is where a lot more content Is gonna happen On Crypto Banter Plus So be there Join us This is where a lot of stuff Is actually gonna happen And the most exciting thing about last night Was actually just watching the subscriber count It was the only thing that was going up and down Anyway be there as it may Today unfortunately Things aren't so good We are dealing with a delayed reaction A hangover There we go See you guys are subscribing We are dealing with a hangover We're dealing with a delayed reaction From what Powell did Or what Powell said last night And we need to understand Why the market reacted The way that it reacted And that's what we're gonna be doing today We're also gonna be talking about Russell Brand And how Russell Brand is actually getting cancelled And the lengths that governments are going to To cancel him Why are they trying to cancel him And why is that a reason Why you and I need to buy Bitcoin immediately So listen If you're not already a subscriber to this channel Subscribe to this channel If you're not a subscriber to Banta Plus Go and subscribe to Banta Plus I see you guys subscribing to Banta Plus Thank you, thank you, thank you Let's get this show on the road We've got a lot to talk about today As we stand today We're still positive For the month of September Remember I said we're gonna be positive For the month of September We are still 3 % up Even though It's not looking good out there It's not looking good 26 ,570 Bubbles Are absolutely, absolutely red If Benjamin Cowen is right He says Get this Let's change the scene here Let's make it look more elegant How cool is that So in 2019 After the first 20 days of September Bitcoin was up 6 % But by the end of the month Bitcoin was down almost 14 % From its monthly open In 2023 After 20 days Bitcoin is up 5 % Wake me up When September You know what I mean Wake me up in September And so Question is Are we gonna follow this pattern Or are we gonna follow the pattern That I said Where we continue to go up I do have one little bit of good news For you guys Before we start talking about the FOMC The one little bit of good news That I have for you Is that the Mt.
Evangelism on SermonAudio
A highlight from Matthew: The Temptation Of Jesus Christ
"In chapter 4 of Matthew, our Savior was led out into the wilderness where He was tempted for 40 days by the devil. But what did the devil think He was going to accomplish? Did He really think He could convince Jesus to sin? And why did Jesus undergo this temptation in the first place? Those questions will be the focus of today's study. Does the Devil Think that He Can Win? Does the devil think he can win? In today's text we are considering this temptation of Jesus which occurred when Jesus goes out in the wilderness at the very outset of His ministry and the devil comes and tempts Him at least these three times over a course of some 40 days. And given the lengthy amount of time that went by and given the amount of intervals in which the devil went at Him, you have to wonder, did the devil think that one of those approaches or all of them might succeed? Did the devil think that he could be victorious? Did the devil think that he could win? It probably depends on how you define winning. If the question is, does the devil think he can win? It probably depends on how you define winning. You see, we tend to define winning, especially when it's mono e mono or one force against another force. We tend to define it in, I guess, I don't know, wrestling terms. Two men enter and one man leaves sort of thing. Whoever is the last man standing is the one who wins. When we think of this sort of conflict with these sort of stakes, we think that he who is standing at the end of it is victorious. Now, under that definition, if you think long term, we think that only God will be victorious at the end of days. We see the devil cast into the pit of fire and we say there's only going to be one standing, only one standing, that will be God Himself because He's bigger and stronger and more powerful and transcendent and all these things. Well, here's the thing. I don't think the devil defines winning the way we might. I don't think the devil believes that he can out muscle God. I really don't. I don't think that's something he believes is an option. He's going to out muscle God. However, however, he may have thought this. He may have thought that although he might not be able to out muscle God, he may have thought that he could at least become equal to God. Maybe he thought that he could at least share the stage with God. In fact, I can prove it. Isaiah chapter 14, we read this, how you are fallen from heaven, O Lucifer, how you're falling from heaven, O Lucifer, son of the morning, how you are cut down to the ground, you who weakened the nations. For you have said in your heart, I will ascend to heaven. I will exalt my throne above the stars of God. I will sit on the mountain of the congregation on the farthest sides of the earth. I will ascend above the heights of the clouds. I will be like the most high. I don't think the devil thinks that he can make God subordinate to him, but I do think that in his perverted sinful mind, he thinks that he and God can be equals. In fact, he's always had a complex with that. And Isaiah 14, he says, I can ascend. I can be like the most high. He overtly says that. And God says, no, and that's why you're being judged the pride that you think you could do that. But what was the temptation to Eve? He comes up to Eve and he offers the same idea. Eve from the tree, what will happen? You'll be like God, knowing good and evil. I think the devil has a complex about this, the idea of being like God. Now, how could that equality occur? Is it possible? Well, we know, no, it's not. But theoretically, how could that sort of equality occur? Can the devil ever rank up, you know, perk up, rise up to God's level? Can he ever do that? Can the devil ever graduate and become the level that God's at in terms of power and authority and might? Well, probably not. However, maybe the objective of the devil isn't necessarily that he's going to rank up to God's level. Maybe, maybe the objective is to bring God down to his. And that's how the equality would be attained. When a child rebels against a parent, the objective isn't necessarily that I'm going to overthrow my parents. They know that's not an option. But if a child can make the parent frustrated, if a child can make the parent break ranks from their previous attitudes, if a child can make a parent sin, then what happens? Well, then we're both wrong. Sometimes children in sin are just looking to get their parents to that point of anger and heat and temper where they do something wrong. And what is the net effect of that? It brings the parent down to their level, right? We're both wrong. There's an equality that could perhaps be attained if you can take the parent down to your level as a child. Well, what do you think's going on here in the wilderness? The devil's tempting Jesus to do what? To sin. And what would be the outcome of that? Well, suddenly, suddenly then, the differences between the devil and Jesus are just a matter of degree and not of nature. It's very possible. I can't say this dogmatically because I don't know what dogmatically, but it's very possible that that's the objective. To somehow even the playing field to be like God, if I can't rise up to His level, maybe I can break Him. Whatever the case, the objective here clearly is that the devil wants Jesus here to do that which He shouldn't do, to give in the temptation of the human flesh. And as we're going to see in the text, Jesus won't fall for it. All right, let's expand on this now. Let's look at verses one and two and then just work our way through this short passage. Verses one and two. Then Jesus was led up by the Spirit into the wilderness to be tempted by the devil. This is not an accident. This is intentional. God sends him there. The Spirit leads him there. And when He had fasted for 40 days and 40 nights, which is a significant number, afterward He was hungry because He was a man of flesh and blood, just as He was fully God, He was also fully man. All right. As we said a few moments ago, this passage occurs at the outset of Christ's ministry, really at the start. It's right after He was baptized and before He recruits His disciples, which will occur later on in this same chapter. Now, verse one suggests that the Spirit, remember, had come down as a dove at Christ's baptism and lighted upon Him. The same Spirit drives Him out after the baptism. After God has said, this is my Son in whom I am well pleased, He's driven out into the wilderness in order that He would be tempted, in order that He would be tested, in order that His obedience would be put to the test in the most difficult of landscapes. Now, again, at face value, you can stand back and go, well, why? I mean, I get it happened, I read it happened, but why? Why did God the Father, why did the Spirit hand deliver the Son into just the most rugged landscape on earth, which if you've ever been there or looked out upon it, it's like the moon. It's hard to describe. When you look out at this, it looks like the least desirable place you could possibly ever spend a day, let alone 40, 40 days here. So why would He go out into that environment in order to encounter the world's toughest spiritual adversary? You're sending someone in the worst circumstance, the worst environment, in order to encounter the worst adversary they'll ever face. Why? Well, let me answer that question as best I can in the shortest amount of time I can answer it. R .C. Sproul, the Presbyterian theologian, he explained it in this way, and I'm partial to this, but he says, all right, here's the first Adam, way, way, way back in the garden, was tempted by the devil, right? The devil basically asked him some variations of the same thing, or asked Eve some variation of the same things that we're seeing here, put God's word to the test, and without any hesitation, Adam and Eve, our first parents, yielded to temptation and did that which was wrong. So the first Adam messed up, and the result of the first Adam messing up is that you and I are messed up. We might not like it, but that's the way it is. We are fallen as a result of being the progeny of our parents' first sin, our federal heads first sin all these years back. So Adam messed up. Well, in Romans 5, we see that, all right, if Adam is messed up, then what do we need? Well, we need a better Adam to come along. If Adam messed up, we need a better Adam to come along and do that which is right and live up to God's standard and to pass the tests and temptations that he might face. Well, Sproul makes the case, and I agree, that the whole objective here going out in the desert is that the second Adam would do what the first Adam failed to do, be tempted and yet stand. But here's the difference. If you think about Adam and Eve, think about the garden. Was the garden a nice place? What do you think? I would think so. Based on everything we read there, it sounds pretty grand. So Adam and Eve are just in this lush garden. There's fruit on all sorts of trees. I mean, there was one tree not to eat from. Everything else was cool though, right? So there's animals and plants and flora and fauna and just good times. It's the garden of Eden. It can't be that bad. Contrast that to the wilderness here. And what you see is that one difference between the test of the first Adam and the second Adam is the environment.
Mike Gallagher Podcast
A highlight from Trump Promises To Carry Out Largest Deportation Operation In American History
"Cable news, noisy, boring, out of touch. That's why Salem News Channel is different. We keep you in the know. Streaming 24 -7 for free. Home to the greatest collection of conservative voices like Dennis Prager, Jay Sekulow, Mike Gallagher, and more. Salem News Channel is unfiltered and unapologetic. Watch anytime on any screen at SNC .TV and local now, Channel 525. The Mike Gallagher Show. So what's happening is a direct result of their policy changes, and nothing will change until they change your policy. One final thought. What Abbott is doing, Governor Abbott, sending these people to New York, they need to continue to do that. The only hope I see for change is when Democrats push back, send these illegal immigrants to Democratic controlled cities all over the country and making it real to Joe Biden's party. In the ReliefFactor .com studios, here's Mike. You ready for a big announcement that's going to make your day? And I mean it. This is huge. Trump, and this is not being widely covered in the media, but it should be because it might just get him elected. Of course, that's why it's not being covered. Trump announced this week that he will carry out the largest domestic deportation operation in American history if he's elected to a second term. Now, this week we've watched in shock as Biden just handed out nearly 500 ,000 get -out -of -jail -free amnesty cards to Venezuelans. 472 ,000 Venezuelans just got temporary protected status thanks to Joe Biden. Check out Judge Jeanine's response to this madness on Fox News Channel's The Five yesterday afternoon.
Tech Path Crypto
A highlight from 1263. Gensler Rejects Courts | Hints At Revoking Bitcoin Futures
"Today, we have the SEC going directly against the U .S. court system, and I think it's going to be a good one for you guys. We'll break this down for you. There's a lot happening with Garrett Gensler, how they are strategizing against potentially some of the rulings already by the U .S. courts. You don't want to miss it. My name is Paul Baron. Welcome back into Tech Path. All right, let's get into it today. Before we start, I want to thank our sponsor, and that is Tangem. If you guys are looking at a secure way to do your own self -custody, one of the things you can do is get into these card wallets. Now, a card wallet is like a physical wallet. It in itself works in tandem with your software on the phone, and it does a great job in terms of your overall security and protecting your digital assets. If you like self -custody, this is one of the tools you can use. Just go over, go to tangem .com, click Get Tangem. You've got a couple of options here. They've got a brand new wallet coming out that will give you optional seed phrase capability, all of that happening in October. So jump in, use our discount code. It's going to give you some additional discounts. Make sure and get the three -pack, too, because it's a better deal. So use the discount code, click the link down below, and start your journey on self -custody. Let's get into the first thing. I want to go to the clip that explains Gensler's strategy here about the current status of our courts and their decisions so far and what he might do with that. Listen in. When you take collectively recent court decisions we have seen, how have they made you, Gary Gensler, think differently about regulating this space? I'll tell you. I think the same thing. It's about ensuring for compliance and protecting the investing public. And this is a field, it kind of reminds me a bit of the 1920s, where a lot of people were getting hurt. The securities laws apply to crypto security tokens, and there's nothing incompatible with those tokens, with the securities laws, and we've just seen so many people hurt and lost their money, and there's so many hucksters and fraudsters in this field. All right, so most of this has been, as you guys know, if you've followed our channel for very long, you understand where the problems had lied. Most of it is because of the lack of clarity, the lack of real legislative direction, and I think that's been the case. Gensler's position has pretty much been unchanged. He truly believes that all tokens are essentially securities and that they are the savior against protecting individuals' rights and hopefully their finances. The only problem is that we see just as much fraud and problems within the traditional finance markets as we do in any other markets that are speculative. So I think this is still Gensler's missed shot of really understanding what the future of innovation really means for crypto and blockchain. Let's go to another clip here. This is where maybe could the courts convince him because the rulings have been coming out pretty sequential here in and against, in favor of the blockchain industry and against the SEC. Listen to what he had to say. And so nothing any court would say would change your mind on that? I wish something a court could say which would actually bring the compliance sooner. Having said that, there are a lot of folks in this field that are trying to say, well, those don't apply to us. And I suspect you've interviewed one or two of them, too. You'd be right about that. First thing I want to say here is Gensler's selection of words. His pauses are getting further and further apart. Why is that? I mean, he seems to be so intrepid in the past. And now all of a sudden he's taken this role of just a very, very strategic way of answering questions. And I think it's an interesting concept, especially because of the fact that he's had what handed to him over the past few months in terms of court rulings by judges who are essentially following the law. And this is where I think it starts to rub with a lot of people about Gensler's kind of frivolous attempt at, hey, I don't really care what the courts have to say. They just need to give us the ability to litigate and execute our plan over the SEC or over these financial markets, including the crypto markets in general. Stuart Alderadi kind of jumped in on this on Twitter. Stuart Alderadi obviously coming in from the Ripple case, fresh off a fairly good win. But what's most concerning to me, let me zoom in on that, and should be to you in the full video clip, is shocking admission of an unelected bureaucrat that he won't respect the decisions of the court. This is the problem that the overreach of the SEC continues to dive into. But more important, I think it's more importantly around Gensler himself. Because there's enough dissent in the SEC, especially in most of these rulings here recently, that it does pose a very interesting position right now. Here's John Deaton coming in with it. Just watch the reaction of the question posed. Any court includes the Supreme Court, the Supreme Court of Law of the Land. These people are so inherently arrogant that they think they are above the law. Let me introduce you, everyone, to the real -life example of a megalomaniac right there. And I would agree. I think this interview alone started to really showcase how Gensler thinks about these things. And he's strategically lining up. I'm wondering if there is something big that Gensler - because remember, if you watched one of our other clips when we did the government shutdown video, part of that was in a clip here and there was a lot of nervousness around these government shutdowns. I don't know. Is there something brewing down there with the SEC? I want to go to this next clip because this is where Gensler is going directly against a decision that's already been made around ETFs, listening to what he had to say. I'm not going to ask you to comment specifically on what's next in the Grayscale case, but in part of that ruling it was about the distinction between futures and spot and it not being clear that really fundamentally they were differently in terms of the fraud and manipulation you often talk about. My question to you is, is there a world given those concerns you have about fraud and manipulation that the SEC could actually revoke approval of a Bitcoin futures ETF? We take into consideration any time a court rules and we consider it and think it through and deal with filings that are in front of us. And we have a number of open filings in the Bitcoin exchange traded product space. For spot products, sure, but could you rule out revoking the futures product? Again, I'm just not going to speak to the filings and you are absolutely right. There are a number of Bitcoin futures exchange traded funds and they've been live since about two years. All right. So there was some body language in there in that interview. Part of this was the smirk that Gensler has on his face when that question was asked. This concerns me because it does and has the ability to impact the markets in pretty much a catastrophic way. Traditional traders would see this as a very bad move by the SEC because this could put a lot of futures ETFs at risk. And I think for just him to even entertain that, as opposed to an unequivocal no, we would not do that, we've already put markets in motion, is very telling about the strategy and his grab of power that the SEC has continued to go after. So it's a very interesting situation right now brewing within the SEC. There is something up, there is something up with Gensler and his strategy in terms of these market conditions. I want to go to another clip here on Custodia Bank because this kind of starts to play into this because there are some other scenarios playing out with Custodia Bank and the Fed. I'll explain this in a couple of clips so you guys can catch up. You probably are not completely aware of it. Let me go to this first clip that kind of gives you an overview on Custodia.
The Eric Metaxas Show
A highlight from Socrates in the City: Eugenia Constantinou (encore)
"Welcome to the Eric Metaxas Show. I shouldn't tell you this, but Eric hired someone who sounds just like him to host today's show. But since I'm the announcer, they told me, so I'm telling you, don't be fooled. The real Eric's in jail. Hey there, folks. Welcome to a special edition, Holy Thursday special edition of the Eric Metaxas Show, where we're going to be airing, starting right now, my conversation from Socrates in the City. We did it on February 28th with the extraordinary Eugenia Constantino. The woman is obviously Greek, but she is, if you've read her book, The Crucifixion of the King of Glory, an utter genius. Not just in her scholarship, but in communicating with super clarity the events of Holy Week, what happens on Good Friday. We thought it was appropriate to air it today because it's just that wonderful. I can't recommend her book, The Crucifixion of the King of Glory, highly enough to anybody interested in what happened that week. It's the latest scholarship. It is brilliant. It is powerful. And it's a devotional thing. So that's why I wanted to air that today. So coming up in a couple seconds, my conversations. Don't miss it. Share it. Here it is. Eugenia Constantino, welcome to the stage of Socrates in the City.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 09-22-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. If you're looking at the S &P 500 in particular on a quarterly basis, it's on pace for its first quarterly loss actually in a year, so next week will be the final week in the third quarter. Yeah, we should point out, of course, for the S &P 500, a down week to be sure, in fact, setting up here for what looks like it's going to be the worst week that we've seen in quite some time, erasing all of the gains for the month of September, erasing all of the gains that it had in the month of August, and erasing all of the gains that it had in the month of July. So this is a market that effectively has gone nowhere since that phenomenal run through the first six months, and now here on this Friday afternoon, here on September 22nd, the S &P 500 posting its worst weekly decline since March 10th, a two -tenths of a percent decline on the day, about a three percent decline on the week, the Dow Jones Industrial average down three -tenths of a percent here on the day, while the NASDAQ composite is going to finish fractionally lower by about a tenth of a percent, and the Russell 2000, that was your relative laggard here on the day, down three -tenths of a percent, setting up for what looks like it's going to be the fifth straight week of declines. Yeah, a little perspective in terms of where we are in 2023, you've still got a NASDAQ 100 that's up 34 percent, an S &P that's up about 12 percent, it is really the small -cap universe that continues to lag, Katie. It's just up, what, about, I don't know, eight -tenths of a percent here on the year. And if you take a look under the hood of some of these indexes, and you take a look in particular at the industry groups, there's a lot of red, there's not a lot of green for this Friday. You can see up at the top, you do have some of the chip makers, the semis, getting a little bit of love up by one percent or so. Then some of those tech hardware names also managing to stay green.
a16z
A highlight from The Engineering Challenge of Rapidly Reusable Rockets
"200 years ago, we were sailing around on wooden tall ships. That's how we got across oceans. And in those days, transportation was slow, expensive, and unreliable. And in many ways, those are exactly the three words that describe space transportation. You know, you'd never throw away a 737 after every single flight, right? That's pretty obvious. And so the same thing is true with rocketry. There's no reason you would want to throw away the vehicle if you didn't have to. Start asking yourself questions. What are the important problems that need to be solved? And how can I go and do this in a way that's a sustainable business? We're in like the 1930s and 40s for space. We have a lot of different ideas that are being tested. And in my opinion, mastering the first stage reuse and the second stage reuse are the two ingredients that are going to lead to mega consolidation and then also a healthy and thriving economy. Hi, everyone, and welcome back to the A16Z podcast. This is part two of our mini series on the booming satellite economy. In part one, we spoke with Astronis co -founder John Gedmark about the opportunity to build smaller satellites in geostationary orbit and who's actually buying that satellite capability. But ultimately, in order to build this computation shell around Earth full of thousands of satellites, rocket usability is an important unlock. So today we're joined by Andy Lapsa, co -founder of Stokespace, who after spending over a decade at Blue Origin is now on a mission to build fully and rapidly reusable rockets with the hopes of reusing both stages and also allowing daily reusability. Like Astronis, Stoke is growing quickly and also has customers in both the commercial and government sectors. And if you need any convincing of just how hard this engineering challenge is, well, the original launches of the Falcon 1 failed due to things as small as a corroded nut. And between launches, it might take as much as a year to get something back in the sky. So what are we looking at now in terms of testing cycles, given that we're on Falcon 9 and also new companies like Stoke are trying to get in on the action? So listen in as Andy gives us a glimpse into this truly outworldly engineering challenge of not just getting to space, but also doing so reliably over and over and over again. Alright, prepare for liftoff. As a reminder, the content here is for informational purposes only, should not be taken as legal, business, tax, or investment advice, or be used to evaluate any investment or security, and is not directed at any investors or potential investors, in any A16Z fund. Please note that A16Z and its affiliates may also maintain investments in the companies discussed in this podcast. For more details, including a link to our investments, please see a16z .com slash disclosures.
CoinDesk Podcast Network
A highlight from UNCHAINED: Why FTX Might Try to Claw Back Funds From Retail Customers
"Thanks for listening to Unchained, your no -hype resource for all things crypto, on the CoinDesk podcast network. You can also listen to the episodes on the Unchained feed earlier if you subscribe there. Plus check out all our content on our website, unchainedcrypto .com. These are all fraudulent transfers, potentially while the debtor was insolvent, potentially while it was coming to lift funds, so clearly all that money has to come back. I think that's pretty easy. The question is, like, what's it worth now and who can actually pay it back? 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 episode is brought to you by Overtime Markets, your premier Web3 sportsbook. The innovative protocol is changing the game one match at a time. Powered by Thales, explore more at OvertimeMarkets .xyz. Arbitrum's leading Layer 2 scaling solution offers you ultra -cheap and lightning -fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. With the Crypto .com app, you can buy, trade and spend crypto in one place. Download and get $25 with the code LORA. Link in the description. Today's guest is Thomas Brazile, founder of 117 Partners. Welcome, Thomas. Hey, Laura. Good to see you again. This week, FTX sued Joseph Bankman and Barbara Fried, the parents of former FTX CEO Sam Bankman Fried. Alleging that Bankman was intimately involved in a number of the allegedly fraudulent schemes, such as silencing someone who threatened to expose the alleged FTX fraud, the purchase of property in the Bahamas, Barbara Fried encouraged the use of strong donors as campaign finance laws, or allegedly, and both were accused generally of either knowing or ignoring the red flags that FTX was insolvent. Was this development surprising or expected? Thanks for having me on, Laura. Good to see you, as always. Was it surprising? No, I don't think it was that surprising. I think what was in the lawsuits in bankruptcy referred to as adversary proceeding, but what was seen in the adversary proceeding was probably a bit shocking, the actual details, but I think people knew that they were pretty involved. I think that was some of the heat they were getting post him getting a criminal complaint against him was that, why is he hanging out with his parents? Weren't they involved in a lot of parts of the business and people were saying things like that. I don't think it's that unexpected. People, I think, long knew that there were some real estate transactions where they were gifted or given some certain real estate in the Bahamas, but to see it all laid out in the complaint or I should say in the adversary proceeding was interesting. Which items in particular really struck you? I guess just the involvement in the actual day -to -day stuff. I mean, if you come from a corporate background or were a tax lawyer, which his dad, I guess, was and is, that there wasn't more, I don't know, structure to the organization. I mean, the dichotomy between what people thought pre -petition, what John Ray sort of said post -petition and now some of the revelations coming out about the pre -petition activity. I mean, it's just kind of amazing to think about people that might have been a more corporate background and saying like, if the business was so profitable, why were you cutting corners? To be fair to these guys, like in the light of day, sunlight of bankruptcy court, which as people in bankruptcy say, like my parents would say, the last place you want to be as a criminal is in bankruptcy court because there's so much sunlight and everything. Everything gets scrutinized. To be fair to people, sometimes the stuff gets overly scrutinized and they cherry pick stuff that went on. But it seems pretty damning, some of the stuff and there's, let's see what the responses will be. I mean, it's good for the estate and it's good for creditors because I'm sure they want to see sort of retribution. But in terms of recoveries, I don't think it's going to be incredibly meaningful, 10, 20, 30, 40, 50 million dollars. I mean, that's, I don't know, maybe two months of bankruptcy fees. And so, earlier when we were talking about like how some of the things are particularly damning, like if you were to kind of say, FTX will win in court for these reasons, like which were the particular acts that you think probably will put things over the edge? Oh yeah. I think almost all the stuff though, the win on the merits of the fraudulent conveyance. I mean, these are all fraudulent transfers potentially while the debtor was insolvent, potentially while it was coming with funds, so clearly all that money has to come back. I think that's pretty easy. The question is like, what's it worth now and who can actually pay it back? Like if money was given to a charity, can you actually go and get it back? Like meaning, is it there? Has it been spent kind of stuff? And you can only squeeze whatever rocked so hard. So the question will be, what is the real estate in the Bahamas worth? The 10 million bucks or whatever that was gifted to them, where did that money end up going? Can they trace it? So, these things cost money to do and then the question is like, how much of an effort do you want to make? And of course, all that can be stopped by a criminal investigation, which there isn't a complaint, but clearly some of the activity could be considered criminal. And I think, I won't pretend to be a criminal lawyer or a lawyer at all, but when you're bringing lawsuits, I mean, basically these are kind of like preponderance of evidence standards versus like higher standards that you might have for criminal complaints. So, it's easier for John Ray to like stitch together some stuff they know and slap an AP and sue these guys, but it's a little harder from a criminal side. But all of it, just facially, I mean, of course, as my lawyer likes to tell me, like, facts matter Thomas. So, if more discovery happens than they take discovery, we'll see. But on the face of it, I mean, it looks pretty obvious that it's sort of slam dunk. Just the question is what they'll actually be able to recover. Yeah, I think one of the ones that stuck out at me, simply because I could very easily imagine myself in a similar position with my own parents and I could just picture what my mother would say. And it was when they purchased the Bahamas property and everything was just getting billed or allegedly in the complaint to FTX. And the parents didn't even make an attempt to pay to furnish their home themselves. And I could just imagine if something similar was happening with my mother, she would be like, wait, is this okay that we're doing this? Like, you know, she would have so many questions about the money and like what was okay, what was kosher, what was not. Like, I could just practically hear her in my head. But at least, you know, from what the complaint described, it didn't feel at all like the parents had any of those qualms. So that was... Yeah, it wasn't 100 % owner of FTX. So it is bizarre that those red flags wouldn't have been, or people wouldn't have been like, hey, I know that you think this is okay, but I don't. Like someone would have said something, maybe they thought it was a drop in the ocean, but if FTX was so wildly profitable and Alameda was so wildly profitable, they didn't need to cut in corners and have them picking up the checks. I mean, it would have been easy for Sam to just be like, no, I'm picking this up personally or something. Well, one thing that I also noticed is that the document hedges its language saying things like, quote, Banquin and Freed either knew or ignored bright red flags revealing that SPF and other insiders were orchestrating the scheme. And again, you know, I saw later again, it was like, they either knew or blatantly ignored. So, yes. Right. That's because the standard for these civil cases is much lower. You know, like if you were trying to criminally try them, you'd have to like really show that they knew because they're going to say they didn't know, they didn't know, right. But the standard for like breach of fiduciary duty or, you know, kind of unjust enrichment, it's a much lower standard. All you have to basically show is a reasonable person should have known, you know. Oh, oh, I see. Yeah. So, that's why they keep saying that. So, you're saying – So, basically, they don't know whether or not they knew, but it doesn't matter for what they're trying to do. Is that what you're saying? I will respectfully say that I'm not a lawyer, but a stress investor and what people usually say – is the standard is usually what a reasonable person should have known, steps a reasonable person should have taken, best practices that a board should have taken. So, like a board of directors, if somebody runs off with money in a company, they don't have to necessarily show that they knew the person stole the money, but did they take any steps a reasonable person would have taken to like verify that the money was there or that the person wasn't absconding with money or whatever. So, it's this reasonable person standard that I think you trigger under Delaware and there are a lot of jurisdictions for breach of fiduciary duty or breach of loyalty, duty of care that you have, mainly in the boardroom, but also I think as a C -suite executive and it sounds like he was sort of melding between the two. So, basically, yeah, they're just trying to meet that standard for their purposes. They don't need to go beyond. And Barbara Fried, you know, also – so, as far as I understand from reading this, you know, Sam Pinkman was definitely involved more in the day -to -day, you know, he was often listed with FTX management. He could make executive decisions on his own at one point saying, oh, I'm just going to make this decision without Sam, like we don't need to involve him, that kind of thing. So, Barbara Fried was not involved at that level. However, it did say that she was a key influence on the campaign donations and I wondered what your takeaway was in that regard in terms of, you know, her involvement there. campaign finance fraud. Yeah, I don't have too much to say other than it's just bizarre that, you know, so many corners were cut in regards to stuff. I don't have a real view on – again, it's like it helps them build a story that they can, you know, just slam dunk, take back any money that was taken out of the estate at any point in the last couple of years by Barbara and the husband. But I don't think that – I don't have a real view on that. Yeah. Okay. Yeah. And as far as I understand, I don't think they're married, they're domestic partners. Just to clarify, yeah. All right. So, in a moment, we're going to talk about what the consequences could be after, you know, from this document. But first, a quick word from the sponsors who make this show possible. 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? 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Bloomberg Radio New York - Recording Feed
Monitor Show 14:00 09-22-2023 14:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. No facial recognition. I think turn and run is going to be the answer for me. I'm Joe Matthew in Washington. Big thanks to Rick Davis and Jeannie Shanzano. Hour two of Sound On starts right now. The auto strikes are getting bigger. Welcome to hour two of Sound On as the United Auto Workers expands strikes against GM and Stellantis, but not Ford. We're going to get the latest from Bloomberg Auto reporter Keith Naughton coming up, and we'll dive into the details of the negotiations and what might come next with Arthur Wheaton, director of labor studies at Cornell University. The chairman of the Senate Foreign Relations Committee is indicted in a federal corruption probe. We're going to look at the case against Senator Bob Menendez with Bloomberg Politics reporter Ryan Teague Beckwith.
The Café Bitcoin Podcast
A highlight from Swan Private Macro Friday with Steven Lubka, Sam Callahan, John Haar, and Terrence Yang - September 22nd, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. This is like a rabbit hole, but, you know, posture is a very interesting topic because there's lots of studies out there that show that actually fixing posture doesn't do absolutely anything to preventing pain. So you could say posture is a shitcoin. The best way to fix your posture, I think, is just sell your chair. So, Sam, I've been doing a muscle activation technique, which is basically a realignment of your nervous system, I guess, so you have a bunch of different muscles that help your joints to mobilize your joints, and oftentimes we get micro injuries and some of these slow twitch deep muscles stop working and then your body compensates, of course, by utilizing other muscles around that muscle group or within that muscle group to compensate, and sometimes those muscles start refiring again and sometimes they don't. And so I've been doing this thing called muscle activation technique, and my posture has actually improved because this technician has gone through and ensured that all of these muscles that are around these joints for mobility and range of motion are activated. And I feel I actually it's almost like magic. It's just really weird thing because you don't really you can't really tell what's going on because you don't really feel a lot of these muscles individually. But after doing this for about 10 sessions now, I feel better physically than I have in a long time. My posture is better. It feels like my body is working in much better than it has in the past. And it's really been it's really and he and he actually and people have noticed my posture getting better. And it's just a really it's it's probably the best health care money because he doesn't take insurance or anything. It's probably the best health care money I have spent in the last 20 years. Wow, that's quite an endorsement. Well, that's great. Happy it's up for you. Muscle activation techniques. What's up, Terrence, Dom, good morning. Yeah, I've been working on my posture, too. I look back at like old bull market charts, Bitcoin, and then in my posture, I like puff up and my everything kind of comes much better. I just have to go on internal team videos, watch my great colleagues, Steven Lubka and put them. Sometimes they look the same to me because they have the exact same posture and they're the same height. But yes, that's always a good reminder to improve my posture. That is true, as you learn about Bitcoin and you stop watching every single five minute candle staring at the chart and just stop worrying and go outside and start learning about other things, start learning about the network, reading books, the posture improves. So there's a little benefit there. Dom, yeah, I saw you make an announcement about the proof of workforce. Congratulations. Pretty cool. You want to tell us a little bit about it? Yeah, thanks, Sam. I got a little background noise because I'm on the big red. But yeah, really awesome to get that thing up and going. We put it, we tweeted out our board, which is, in my opinion, an unbelievable board of directors, including, I see in the audience, the one, the only Joe Carlasari. So I got mad BJ Dictor sound effects. I got my BJ Dictor sound effects loaded up right now. So, yeah, no, just doing great stuff, doing some great work, really excited for it and excited to talk more about it at Pacific and connect with anyone who's looking to bring Bitcoin to workers and unions and other membership based organizations. So really cool stuff. And yeah, man, super pumped. Yeah, I think it's a super cool nonprofit just working for, to educate people about Bitcoin, these unions, these pensions. Congrats on getting that off the ground. I think it's a really important effort for the next bull market to kind of start protecting workers and their future retirement. So with Bitcoin. Yeah, it's a tough group to crack sometimes. And it really helps, you know, was thinking about like, what's the best model and the nonprofit model being able to come in with no product? No, like, hey, sign up here. Like, hey, here's the cards on the table. We want to help you figure out how this works with your organization, whether that's just education, whether it's adding Bitcoin to the balance sheet, you know, enabling lightning payments for your members, you know, whatever that is, we just want to provide the tools and then let them kind of find their way on their own. Yeah, probably use the Nakamoto portfolio. That's a great tool right there. It's going to help a lot. Check it out. Nakamoto portfolio dot com. Play around with those tools. Extremely powerful. Yeah, that's a great tool for sure. Kind of pivoting a little bit, but like. Did you guys see that video of the guy getting his engagement ring back on like a reality TV show and then saying, you know, oh, that's a Bitcoin. That was hilarious. I could play it for you if you want. Yeah, why don't you play it? Vanderpump rules, right? You're still wearing your engagement ring, huh? Yeah. Yeah. I'm I'm going to give it back to him. Do you want to know? I mean. Don't give it back. No, I'm not going to keep it right here. Thank you. That's a Bitcoin. I love that so much. It's like every Bitcoiner thinks that you start like pricing in everything in Bitcoin. It really does become your unit of count in your head. Once you give the girl the ring, don't take it back. Yeah, you're going to want to make sure you're. You're positive on that one. Another reason not to put data on the base layer, right, like marriage certificates. I kind of think the days of expensive engagement rings and expensive weddings are going to end fairly soon with housing affordability at all time lows and so forth or in all time lows for at least for decades. You mean because diamonds are a shit coin and they dump them in the in the ocean off of the coast of South Africa? Yeah, basically, I think it's already the demand is already down, but it needs to kind of die a permanent death. I think the greatest marketing campaign ever. Yeah, diamonds are a rabbit hole. Like I'm going down that rabbit hole, the De Beers company and how they control a monopoly on the entire supply. And it was a huge marketing campaign. And there's no scarcity there. Girls aren't going to want to hear that, but only it's only for certain only for certain sizing and color. But yeah, then there's like these lab diamonds, right, that you can't even tell the difference now that are better. Yeah, I'm not going to get one of those, but they're shit coins. There's no scarcity to them. And they're wow. Really, Sam? It's progressed that far. You're already thinking about a ring. Congratulations. You heard it here first on Cafe People. I wouldn't go that far, Peter, right? But if I was, there's no way I'm going to get her a lab diamond. I saw this video of somebody like in the front row of an NBA game. And I guess there's like a gun that you could check rings to see if they're lab grown or they're regular. And they were going down looking at the big rocks of these celebrities. And this guy, his wife's ring, and then it shines red that it's a lab diamond. And she just gets so pissed off and throws it at him and runs out of the game. Whoops. Rug pull. Rug pull. Or that gun was inaccurate. Because again, you're like trusting the third party source. That's the whole point of bringing it back to Bitcoin. But that's the whole point of Bitcoin is you can self verify that you got real Bitcoin from whoever sent you Bitcoin because you're running your own node. Whereas with whether it's gold or diamond, like the Chinese got swindled for billions of dollars. I think of fake gold bars that were actually tung sun and just gold plated. I like how quickly you think on your feet, Terence, but I don't think she's going to buy it. Yeah. Terence is like, oh, did you think about the gun? It was the gun, bitch. It was the gun. Oh, my God. Hey, guys. So a friend of mine, actually, this is timely. A friend of mine just bought a lab grown diamond and he paid 1500 euros for it. It was 3 .07 carats. And a traditional diamond would have cost about 50 grand. So it's completely destroyed the price of diamonds, man. That's insane. Yeah. Over three carats. And it's chemically, he showed me the certificate is chemically identical. It's still got slight flaws in it, but they literally just they're basically just printing diamonds now. Right. So they've become dollars. I thought it was funny. That's hilarious. The stock to flow is going down for diamonds. Anyway, his wife, she's delighted. She's got a $50 ,000 diamond around her neck. Does she? Got to get one of those guns around here. So check out, check them all. Yeah, I'm intrigued about that gun because what he was saying to me was that he said chemically, they're identical. So I'm not sure what the gun's doing to identify it being a... They find the flaw, right? Because natural diamonds have flaws. So if it's natural, there's going to be a flaw. It's inevitable. You can't see it, but you can see it under like a magnifying glass or whatever. Well, I saw the certificate of this lab grown diamond and it had flaws in it as well. Oh, wow. Yeah, they artificially create the... Yeah, Chris, did you verify that there was a flaw? That's a valid point. I mean, I did trust. I didn't verify. So I stand called out. Yeah, a lot of Bitcoiners are pretty hesitant to separate with their sats. But I think a white is a good investment. That's when you know you got a keeper. Like I was going to buy you a diamond ring, babe, but instead I stacked into cold storage for us. For us. Sam, you might have something there. A ring that's a self -custody hard wallet. You might be something there, dude. I'm actually seeing... I remember in 2017, I saw rings and watches with like little tiny QR codes in them. I don't know if it's a good idea to have a lot of your Bitcoin on a ring or I saw another person with one in a necklace. So there are like things like that. It's not great security. It reminds me of how like in India and stuff, they wear their gold. You know, they keep it around their neck and wrists just because it's the safest place to be. I mean, I guess if it's just a receiving address, you know, I mean, somebody could hold me down and track it down and figure out and whatever. But I mean, you know, that could be your diamond ring. You know, instead of the diamond up there at the crown, throw a QR code up there. Just be like, babe, you're going to be stacking. We're going to stack for the rest of our lives together now. We're going on a stacking journey together. How do you carry across the border more than $10 ,000 in value without having to report it? You wear it. Or Bitcoin. I have friends who move tens of millions of dollars or millions of dollars of their net worth, like 90, I don't know, 98 % plus of their total net worth to leave China, leave South Africa, come to the U .S. and never go back. And at the time, at least, they were too dumb to stop them or even question them. We just left, one -way ticket. Yeah, the fact that Bitcoin is digital and that anybody can escape like an authoritarian regime or war with some of their wealth, you know, that's when you think about like the ESG narrative and even like KPMG report talked about the S and how that characteristic of Bitcoin really helped people in really tough situations and think about how else they would do that and kind of realize that like Bitcoin is a solution there to a problem. And BlackRock and State Street are closing up ESG funds as we speak, which is, I think, a positive development. Yeah, I kind of reject that entire framing. I think it's led to a lot of misallocation of capital and kind of influencing boardrooms about how they invest their capital kind of impeding free markets. Yeah, ESG is a control scheme. I mean, we've seen that, but what are you talking about about BlackRock shutting down ESG funds? I don't know about that. Yeah, BlackRock and State Street have just been closing ESG funds in 2023, kind of shutting them up. And that's a reversal of the trend over the last couple of years. And BlackRock, Larry Fink, I mean, in the early 2010s kind of spearheaded a lot of these efforts, really gung ho about ESG. The last couple of years, they've seen a ton of pushback. And now we're kind of seeing them close up ESG funds. And I feel like we're seeing a shift in sentiment around the entire movement because I think people are realizing that like, A, some of these goals are completely untenable. And then secondly, you're hurting the poorest countries amongst us, like the developing nations, by preventing them from accessing cheap energy sources. And you're really making us weaker and less resilient by shutting down oil, gas, and fossil fuels. And so you're seeing a ton of pushback on it. And so BlackRock and State Street are starting to shut down ESG funds. It's just kind of like a flag post in my mind of this ESG narrative that was so, so strong the last decade. I don't know if anyone else has opinions there, but... Yeah, the only thing I have to say is I feel like Larry Fink kind of jumped on the bandwagon somewhat later after the ESG narrative got a lot of traction. Then he kind of added fuel to the fire, which is a huge name and was very outspoken. My point is he's added fuel to the fire. He didn't start the fire, but he kind of... So he's a politician ultimately, right? Like he's very political, even though he knows finance. To a manage massive fund that manages, I don't know, $9 .6 trillion or whatever, you have to be political and you have to read the tea leaf, so to speak. And yeah, react to the times. I think the exception would be somebody like Vanguard that might do a lot less in terms of ESG or jumping on the latest trendy whatever, because they're so focused on index funds and they're member -owned. This was not an ad for Vanguard, but... I just remember Larry Fink writing... And I just remember it made a lot of waves and kind of definitely added fuel to the fire, like I said, Terrence. So they shut down two dozen ESG funds this year, just to give some stats there. Yeah, I wish I could say like, you know, oh, maybe they really are being orange -filled and whatever, whatever. But it's probably like you said before, I mean, like ESG stuff, it's untenable over time and you get to a point, it probably just isn't profitable. I don't know than any of this, any of what I'm talking about, but just I'm just going off a gut, like the ESG stuff is unprofitable because the economics don't work. We've talked about that. You can look at the windmills and the solar panels as perfect examples of that. But I mean, just the overall thing, there's a good book, I've talked about it before, called The Prize. And it talks about the control of energy on the planet and how there are groups that seek to control other groups through the narrative of controlling what type of energy you're using, what is acceptable energy use, all of this stuff. But in the end, if you're going to try to make like, you know, bets and gambles off of this stuff, like you're going to have to pull your rug early because it's not, at some point, the economics don't work. Well, not to mention too, you know, it's the trend of like having an ESG report for a company. I want to see some of these companies that are like, you know, Nike's ESG report, which I don't know the details, you know, but you know, there's some low wage labor being done. And then, you know, you got this shiny ESG report that's like, you know, sustainability, we've done this and ethically, we've done this. And also, you know, behind the curtain, we've got this going on too. Yeah, I mean, it trickles all the way down, even now, like in web design, web development, like if you want your website to rank well on Google and whatever, then, you know, you have to build your site, you have to have that in your mind while you're building your site. You have to make sure that it's going to be well received by Googlebot and, you know, all these other stuff. And one of the things that they've been pushing is how ESG friendly is your website? Like your, the processes that it runs and, you know, are you doing it correctly and coding it correct? There's more than one way to code. And, you know, it's like, man, okay, I understand the idea, like, make your website work more efficiently. Like, of course, duh, like, that's what we're doing. But Google of all people to tell me about energy use of a web platform? Come on. Yeah, Chrome is pretty bad. Yeah, go ahead. I was orange peeling and no, I was I was just like at insurance, kind of talking to them about Bitcoin. And it was a bunch of claims professionals and lawyers. They were very like, you know, obviously, these are like super risk adverse cohort of investors. And so we were there just like talking Bitcoin as like the weird Bitcoiners at this conference. But I found out that 90 % of them take into account ESG when they're thinking about investments today. And that's in the most recent Goldman survey. So 90 % of insurers consider ESG when making capital allocations today. And at the same time, their number one worry in that survey was inflation. And so it's one of those things where I don't want to give credence to the framework. But it's so ingrained in some of these like traditional capital allocators minds that maybe just by playing into it and saying like, well, here's how Bitcoin is actually, you know, quote unquote, ESG and just kind of like Trojan horse in it through their their silly framework is the strategy that I took. And it kind of kind of went well. I kind of like said, like, although I reject this entire framing, here's why Bitcoin actually kind of achieves your goals. That's kind of the tactic that I took.
The Aloönæ Show
A highlight from S13 E12: Wayne: Entrepreneur, Founder, Marketing Expert
"Hello, welcome to The Elone Show. I'm your host, John Mayelone. In this episode, don't have regulars because reasons, I guess. As for our guest, he is from Alexandra, Louisiana. He's an entrepreneur and founder of Ugly Muck Marketing. Ladies and gentlemen, I give you, Wayne Mullins. Thank you so much. I'm excited to be here. Me too. So, how's life? Life is fabulous. I think, you know, I'm learning to embrace every day in every moment. To embrace the moments, whether they are what some would consider beautiful or what others may consider ugly. To learn to be present and in the moment. And I think that's the best way to possibly live life. Fantastic. And have you been up to much recently? I have. We are on the work front. We are busy growing. It's our busiest season of the year. So, we've been busy there. My wife and I and our kids were in the process of building a house, which is a little bit deceptive. We're not doing the building, obviously, but lots of decisions around building the house and the finishes and all that kind of stuff. Ah, all right then. Very good. And what was the inspiration and the idea of Ugly Muck Marketing? Yeah. So, the idea and inspiration behind Ugly Muck Marketing was simply this, that I wanted to create a marketing agency that is focused on results as the number one thing that matters. So often in the digital marketing space, in the ad agency space, the thing that so many get distracted by is trying to win awards. And Ugly Muck Marketing, the name actually stems from this quote that is, I would rather an ad that's ugly and effective over one that's beautiful, but isn't. So, that is the mission and that is the calling for what we do at Ugly Muck Marketing. Ah, I like it. And what was life for you growing up? I grew up in, I guess you could say more of rural Louisiana, not across the river, not far from where I'm at right now in an area called Pineville, Louisiana, population roughly 15 ,000 or so. So for me, it was growing up, spent a lot of times out in nature, in the woods, building forts in the woods and just had a lot of fun with friends and yeah, it was great. Okay. Very nice. If you could live anywhere in the world, where would it be? I would live where I'm at right now. I'm a firm believer in this idea that we as human beings, we aren't trees, meaning we can get up and move at any point in time. And I think it's not good for us mentally, emotionally to always long to be somewhere different than where we are. And, you know, if I really wanted to live somewhere else in the world, then I'm of the belief that I should make that happen, that I should get up, that I can move. Yes, there may be obstacles, there may be challenges, there may be all kinds of other things that, quote unquote, get in the way. But again, anything is possible. And we live in a world now where it's easier than ever to up and move to a new location. Couldn't agree more. What's your favorite ice cream topping? I'm going to go with probably strawberries. Interesting. Have you heard of a drink called banana friche? It sounds familiar. I don't know if I've had it, but it does sound familiar. Oh, is that so? It is. I don't know where or why I would have heard of it. OK, interesting, because every guest I've had, I've asked this question a lot to most guests and they said, no, I never heard of it. You are the first person to at least heard of it to some extent. So that's a surprise to me, in my opinion. Yeah, we need the bells and the whistles and like the streamers going off or some fireworks or something, at least, right? Yes, that calls for a celebration. Absolutely. So fill me in. What is it? So it is like a banana flavored drink, which is part smoothie, part milkshake. It's called a tingly sensations that you could possibly think of. Sounds delicious. It sure does. Would you rather never use social media again or never watch another movie or TV show again? Well, I'm going to choose TV because I actually really don't watch TV at all at this point or don't watch movies. And I often joke with people when they meet me or get to know me. I say if you begin the sentence or you begin the question with, have you seen the answer is already going to be no. So don't even ask the question. OK, that makes sense. I would say I would say never watch TV or movies again because I'm mostly on social media looking at stuff anyway. And also, you can watch full length feature films on social media, which is kind of multiple parts. So that's the ultimate cheap code. Yes, indeed. I love it. What's the weather like today where you currently are right now? It is overcast today in a high of only 84 degrees, which is actually a break in the heat from where we've been. So we're we're enjoying the overcast and cooler temps today. Me too. It was pretty hot the last few days, but now we're reaching autumn temperatures now, which is pretty cool. Literally. Well. What is the most comfortable piece of clothing you own? I would say it's a T -shirt that my wife got me for my birthday and it's by a company called One Golden Thread. And I don't know what they made the shirt out of. It's some cotton blend, I believe, but it is incredibly comfortable. Ah, very nice. Do you think a hot dog is a sandwich? I would say absolutely. It comes between two slices of bread or two pieces of bread. But I guess if you want to get really technical, the bread is still enjoined on one end. So you can make an argument in that case that is not technically a sandwich, but there are sandwiches that go in a similar style or similar type of bread. So I'm going to say it is OK. That's a good point, I guess. What hobby would you get into if time and money weren't an issue? Time and money weren't an issue. I would get into surfing. Nice. What could you do a 40 minute presentation on without any preparation? Marketing. That makes sense. Would you rather not be able to open closed doors or not be able to close open doors? That's a tough one. I'm going to go with I would rather not be able to close open doors. Nice. It leaves opportunities open for you. Absolutely. Yes, I love it. If you were given 400 acres of land, what would you use it for? I would take some of it. I would make it into a small farm of sorts, enough to produce enough produce for my family and friends. And then I would have a small portion for maybe some farm animals. And then I would love to leave the rest of it very wooded and maybe put a few trails, hiking trails, biking trails through some of that land. OK, that'd be pretty cool. How much time do you spend on the Internet? Way too much. I spend most of my work day on some form of the Internet, whether that is Google Docs, whether that's email or a social media channel. And then unfortunately, I spend too much time of that on social media or on various forms of Internet in the evenings as well. So way too much is the answer. OK. Yes, I agree. I would certainly say the same thing. What is the best way to start the morning? The absolute best way to start the morning is with some meditation and some gratitude. Sweet. Is that all? Or is there more to it? Well, those would be the best. I also love doing some journaling first thing in the morning and reading something that is inspirational, encouraging, something that really helps me set the tone for the day. I believe that our morning is kind of like the rudder, if you will, for the day, like a rudder on a ship determines where the entire massive ship goes. That one little rudder in comparison to the ship. I believe that our morning routines act in that same way. And unfortunately, for so many of us, we are unintentional with our morning routines. We allow the alarm to go off multiple times. We hit snooze, we rush, we hurry, and all of those things fill our minds subconsciously with worry, with stress, with thoughts of I'm late, with thoughts of I'm not going to be on time. All these words and all these feelings that, in my opinion, have a very negative connotation. So, yeah, I think that's that's the rudder for the day. Okay, yes, couldn't agree more.
What a Weird Week
A highlight from What a Weird Week: The One with Big Onions! Fri Sept 22, 2023
"This is what a weird week the one with big onions Hi friends, I'm Scott and this is the what a weird week show about weird stuff from this week's news If you want the photos or podcast stuff or video stuff, just click show notes dot page show notes dot page Okay, here comes the top 10 for season 4 episode 52 first published on Friday September 22nd 2023 10 getting things started this week is large onion makes news everyone cries Gareth Griffin in the UK has grown an almost 20 pound onion That's unofficially the biggest onion ever recorded It is larger than Gareth's head the old record for a big onion was 19 pounds ish The onion still needs to be given the official all -clear from the Guinness folks and then who knows what are you making? French onion soup onion rings. Are you just maybe having it bronzed? Not as delicious but an option nine number nine flaming hooper breaks world record The new record is eight on fire spinning hula hoops Congratulations to grace good who is a professional hoop performer and gives audiences a thrill with hooping feats like spinning eight flaming hoops at the same time Grace also set another hooping record for most hula hoops spun simultaneously while balancing on a giant rolling globe That record 28 hula hoops. She had 28 hula hoops going at once while standing on a ball you guys That's what I wouldn't try. I mean you got to train a bit for that one. You first you got to get the 28 hula hoops going you got to get the dexterity for that That's not something you can just get off the couch and start doing you got to work your way up to it I would imagine and then the whole balancing on a rolling giant rolling globe as the guinness book of world records puts it I mean, first of all, where are you going to purchase that giant? Rolling globe you probably want to get a quality one pay a little extra I don't anyway, these are all questions for later on first Let's work on one hula hoop that is not on fire and then we'll get up to fire and globes and the rest of it Hey you guys, let's do this one. No, wait, don't sorry. I started saying don't try this at home danger So You're listening to what a weird week a show inspired by weirdness in the news eight number eight this week Mistake by ticket seller results in big lotto win. A fellow in maryland was given the wrong ticket and won 580 ,000 I don't know if you believe in fate and all that stuff, but listen to this So he goes to the gas station to buy five Cash for life tickets the store employee rang in one Multimatch instead and then there was all this trouble voiding the mistake. So the ticket buyer said it's all good That's me paraphrasing The wrong ticket turned out to be the big winner 580 ,000 and the store gets a cool thousand bucks for selling that ticket, too That story messed me up the most of all the stories we had this week because it makes you wonder about all of the choices You have every day things Happy accidents when they Mess up your order and you get sausage instead of bacon in your breakfast sandwich. Was it meant to be now? I question everything so my advice don't think about it too hard Oh, I could really go for a breakfast sandwich right now though seven number seven artists art wasn't really art Question mark they have to give the money back We talked about this story when it happened and now the courts have ruled on it an artist in denmark has to pay back Around seventy two thousand dollars to the museum that hired him to do some kind of artwork The artwork was supposed to incorporate a bunch of bank notes But the artist kept those bank notes and instead gave the museum a couple blank canvases artist is quoted in the story as saying The work is that I have taken their money That's an actual quote from the artist by the way. The artwork was called take the money and run You want to see the artwork? I mean just imagine a you know, white canvas and you've seen it You've seen one of the most famous artworks of the modern era. It's certainly got a lot of publicity. I don't know Art that much but it seems quite famous to me. Anyway blank canvas take the money and run So 10 weird stories from this week's news What a weird week six number six this week is surfing snake incident results in big fine A fellow in australia took his snake out on the surfboard the video went viral video got a lot of attention Also the attention of wildlife authorities and now the snake owner has been fined over two thousand dollars He says the snake didn't even hiss So, you know the snake the snake was having fun the snake only hisses when it's not having fun You guys authorities say surfing puts the snake under unnecessary stress That's me sort of paraphrasing but if you want to see a photo of the snake I mean imagine a snake on a surfboard There you go, but we do have a photo if you want to click the show notes or go to show notes page five Number five these train wrestlers you guys pro wrestlers recently in the news for fighting on a japanese bullet train Imagine you're seated on the train It's doing maybe 180 miles an hour and these wrestlers come down the aisle bringing the hurt And It happened the train was packed but the people on the train were there to see the wrestling It was a wrestling event you guys a weird venue though DDT pro wrestling put the event on pro wrestling in the aisle of a train They've had a few weird events like this.
Telecom Reseller
A highlight from Beyond the dashboard: HumanFirst uses AI to offer a highly customized view, enabling better decisions, Podcast
"This is Doug Green and I'm the publisher of Telecom Reseller and I'm very pleased to have with us for the first time, Greg Whiteside, who's the co -founder and CEO of Human First. Greg, thank you for joining us today. Thanks, Doug. It's a pleasure to be on your show. Well, as I was just mentioning in our run up to recording this podcast, it's very rare for me to be able to do a podcast where the word human is anywhere in the title of even the podcast or the title of the company or anywhere. So that's a kind of refreshing new things. You're a relatively new company. You're in the AI field, but I think you're doing something very interesting and exciting in the AI world. So we're going to be jumping in on that and looking at that in just a second. But first, what is Human First? Human First is a data productivity suite for text and conversational data. So we help teams make sense of large amounts of unstructured data and turn it into very actionable insights that help drive their product and strategy, and also build AI projects faster by leveraging the data that they have. Now, you said something I haven't heard before in our discussion before we started our podcast, the search for use case zero. What's that all about? So I was talking about use case zero in the context of large language models and specifically how enterprise can leverage large models today in repeatable use cases. So since the since chat GPT came out, Human First, like all companies, looked at the impact that it would have on us and where things were moving. We had a lot of great insights already in terms of the conversational AI, and in general, text AI, and started really trying to understand what is the most repeatable high value use case that we believe any enterprise customer can apply large language models to today. We've heard from our customers and from a lot of other companies that this is a very high priority for them, their boards, you know, to show that they're embracing and that they're leveraging this technology. But a lot of the use cases that we saw were very experimental and hard to, you know, hard to do in a repeatable way. So we've been really focused on making sure that we understand what is the most repeatable high value use case. And this use case zero, we think, is really around using large language models today to make sense of large amounts of unstructured data in ways that weren't possible before with technologies like natural language understanding or, you know, even even more basic than that keyword search or semantic search. So you were telling me that your your major customers consist actually of enterprises, is that right? Yep, that's right. So we work with customers across all verticals from financial sector to medical sectors to telcos. And we work also with a lot of consulting management companies and agencies. So Greg, why did they turn to you? So our customers all share the same problem. They're interested in building and improving their customer experience with automations with AI. Some of them have deployed and productized some products, and they reach a certain point where they realize that the AI models are not the limiting factor anymore. It's the quality of the data that they're preparing and that they're using to train the AI that becomes a bottleneck. So our tool helps those teams really work efficiently on that unstructured data and make it very useful for training AI. Now with large language models, what we're understanding as well is that it's not just about training AI and building automation. If you can help organizations make better prioritization calls around what should be automated, what are the problems that can be solved with AI, and what is the best way to tackle those problems, you can see even bigger efficiency gains. So we're helping teams not only improve the quality and the speed with which they develop AI, but also make better decisions in terms of what should be automated by starting from the ground truth, which is in their voice of the customer and other conversational channels. So Greg, could you give me an example of maybe where you started working with an enterprise customer and sort of before and after kind of thing? Yeah, absolutely. So one of our customers is one of the largest last mile delivery companies, not only Canada, they're also working in the United States. So they're very strong partners with Amazon, do thousands of deliveries every day, and their contact center staffed by humans and with very little automation. So they came to us because they know that in certain periods of the year, there's a lot of influx of calls, and ultimately, they want to improve the customer experience and the automation levels. But they weren't sure, like a lot of call centers out there, exactly what the problems are, but mostly be able to prove out almost the business case for those and the ROI before even starting the project. So what we saw is they really wanted to have a data driven kind of approach to identifying what are the top opportunities for automation or product improvements, because it's not all about AI, it's also about identifying, you know, opportunities within the operations or product itself. So with Human First, we're able to ingest all of their contacts and all their call data, and very, very quickly build a very custom taxonomy of the call drivers, but also more deeply than that, the resolutions, actions taken by agents within the calls, you know, with the use of large language models, which allow us to do this analysis at a higher level than, you know, the raw unstructured data itself. And this allowed us to bring, you know, to surface some really, really key insights around some major blockers or friction points that affected, you know, over 30 % of the calls that they had, that with simple automation that we can show the functionality of, because we have all the flows and the edge cases in the conversations to show how you would solve it, you know, leads to a very big reduction in terms of time spent by the agents. So this is the type of project where, you know, with the right data -driven tools like Human First, you can start from the data and look for opportunities or problems to solve. And we did this really successfully with this last mile delivery company, and they're currently automating those flows that we brought to them and expect, you know, millions in ROI from that work. Now, was there an impact, let's go a little bit deeper on this, was there an impact on employee experience? Let's start there on EX. Yeah, so to be transparent, so the part of the project and what we bring is really this data -driven decision engine saying, here are the opportunities, here's the detailed, you know, analysis showing what are the different ways that you're going to need to be able to automate this particular, you know, within the contact center platform, which happens to be Amazon. So I'll be able to report on the, you know, end user experience from that particular project probably within a few weeks. Right. And that'll be the CX part, the customer experience part. Exactly. Yeah. You know, stepping back from that specific example, though, it sounds like this is the human part, that the human being that called in, the human being that's actually taking the call, the idea basically is everybody's having a better experience due to the automation. Is that the idea? Everyone is having a better experience if the friction points that can be, you know, within that conversation avoided, you know, lead to higher quality interactions afterwards. So to give an example, for this customer, I was talking about a really big part of the conversations was about figuring out the customer's ID and validating the user. And there's really, you know, much easier ways to do that than via human conversation. But it doesn't mean that the rest of the conversation can't be human to human. In certain cases, it's necessary. So, you know, Greg, how does this offer value to the enterprise at the end of the day? We're seeing enterprise really need to look at their data under a very custom lens. What we're solving in a sense is that a lot of the a lot of the products out there that help companies make sense of their data are very top down in black box, in a sense, they're really favoring speed and simplicity, kind of like a one click, put in your data one click, and will give you visualizations and dashboards. What we know is that that's not very actionable. And the reason is that those dashboards and insights are very hard to tailor automatically to your specific business and needs. So with a tool like ours, the real value prop is that we help build an extremely custom view into what's happening within the organization. And that in turn helps drive really data driven decisions and identify opportunities that you might not even have known you had. And we're really going from a lens where AI is a tool, but not every problem should be solved by AI. In certain cases, improving the product itself or parts of the operation will have a much bigger impact than automating the customer's requests later on. So what ultimately we want to help companies do is almost replace the customer support by fixing identifying and fixing problems upstream. And that's really done when you're able to have such a very custom understanding of what's going on and the data to back up the solutions to solve them. So that was very interesting that the ROI eventually is really maybe in the finding out of something you weren't even looking for. Exactly. And I think that's where our tool is very agnostic to the use case you apply it to. You can apply it to explore data, to improve AI training data, and to apply exploration to different types of data. And it's true that I think the biggest ROI you can bring to an enterprise is to help them tap into something like that data that they were never leveraging before. And that has a multiplicative effect, I would say, within the organization. And organizations that we're working with are building this data practice of centralizing their data and of disseminating kind of the value across different projects. And I think it's hard sometimes to measure the direct ROI of that. But clearly, we believe that it's this data that holds a lot of value for enterprise companies moving forward. Well, Greg, I really want to thank you for joining us and giving us a first look at Human First, and an interesting look at doing AI a little bit differently and approaching this challenge in a very different way. Where can we learn more about Human First? Yeah, I invite you to come to our website, www .humanfirst .ai, reach out to our team, there's a contact us button. And yeah, we'll be very, very happy to run you through the platform and to talk about your needs. Well, I hope to hear more good things from Human First in the future. I hope we do get to do this again and get an update on what you guys are doing. But for now, I want to thank you for joining us today. Thanks, Doug. It was a real pleasure. Thank you for having me.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Ethereum Activity Lags Despite Network Upgrades, Altcoin Volatility Surprises
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 22nd, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Cryptos Macro Now newsletter on Substack. On today's show, we're talking about Ethereum activity, altcoin volatility, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Markets this morning seemed to be recovering after a rough few days. Bitcoin has been fairly range -bound for the past 24 hours and at 10 am Eastern Time this morning was up 0 .6 percent, trading at $26 ,607 according to CoinDesk indices. Ether has been doing better so far today, up almost 1 .1 percent over the past 24 hours, trading at $1 ,595. On the week, Bitcoin is up 0 .4 percent, while Ether is down 1 .8 percent. In traditional markets, yesterday was the S &P 500's worst day since the aftermath of the S &P 500's steepest drop in over 100 days. This morning, however, stocks are recovering, with the S &P 500 up over two -tenths from yesterday's close, NASDAQ up almost half a percent, and the Dow Jones up one -tenth of a percent. In Europe, the FTSE is also recovering after yesterday's late trading slump and earlier today was up two -tenths of a percent. This comes in spite of economic releases this morning showing contracting activity from the service sector and a steeper -than -expected year -on -year slump in UK retail sales. Eurozone data out this morning showed a deeper -than -expected contraction in manufacturing activity with new orders declining the most in nearly three years. The German DAX index dropped sharply on the open today but has since largely recovered. The Euro Stoxx 600 index is down almost two -tenths of a percent. In Asia, Japan's Nikkei index fell just over half a percent as the country's year -on -year core inflation came in slightly higher than expected. This is fueling speculation that the Bank of Japan could end its negative rate policy early next year. However, economic growth is a concern. Data out today showed that business activity in Japan slowed to a seven -month low in September. In China, the Shanghai Composite closed up over one -and -a -half percent yesterday. Recent data suggests the growth slump has bottomed out. This is fueling optimism that recent stimulus measures will speed up economic growth. Hong Kong markets also had a good day with the Hang Seng up over half a percent. In commodities, the Brent crude benchmark continued its pullback trading at $93 .27 per barrel, down almost eight -tenths of a percent over the past 24 hours. Concerns about global economic activity are outweighing concerns about tightening oil supply. Yesterday, the Russian government announced gasoline and diesel export restrictions in order to stabilize fuel prices in the domestic market. Gold lost some ground yesterday as investors reacted to the prospect of a stronger US dollar, reaching a weekly low before climbing again. Earlier today, it was trading down almost eight -tenths of a percent at $1 ,927 per ounce. Stay tuned. After the break, we'll take a look at Ethereum activity and is the crypto market's largest meme coin becoming stable? Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax. Welcome back. In this section, we're going to look at what's going on with Dogecoin volatility. But first, despite network upgrades, Ethereum's activity is not picking up. In a recent report, JP Morgan analysts noted that Ethereum's Shanghai upgrade, implemented in April to enable the withdrawal of staked tokens, has not delivered much of a boost to network activity. Ethereum's daily transaction count has fallen 12 % since the upgrade, according to the analysts, and the number of daily active addresses has dropped nearly 20%. To be fair, the purpose of the Shanghai upgrade was not to boost Ethereum transactions. It was to encourage staking by making it more flexible. Ethereum's security depends on the spread of its staking network. It has succeeded in that. Since the upgrade, the number of validators has increased by almost 50%. Also, the circulation of Ether has always been heavily influenced by DeFi activity, which is still grappling with regulatory uncertainty, recent exploits and last year's market shocks. But network activity is an important part of liquidity, which is significant for investors. And Bitcoin's activity has been recovering. The average number of daily transactions on the Bitcoin blockchain has more than doubled over the past few months, while the number of active addresses is more than 10 % higher on a seven -day moving average basis. Looking further out, Ethereum has some more upgrades in the pipeline, which will be focused on increasing throughput and therefore also, in theory, network activity. Given the community's success so far in implementing ambitious changes to improve the blockchain's functionality, Ethereum's declining activity now should not necessarily be taken as a sign that the network is less interesting. And finally, just in case you needed more evidence that these markets are, well, strange, this morning Omkar Ghoboli reported that Dogecoin, the largest meme token by market value and typically one of the riskier crypto investments, now has a lower 30 -day historical volatility than Bitcoin. Normally, a decline in volatility signals deep market liquidity and maturity. With Dogecoin, neither is the case at the moment. So, as with Bitcoin, below volatility is yet another sign that investors are staying away. That's it for today's show. I hope you all have a great weekend. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and, if you like the show, please leave us a five -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noah Latcheson for Coindesk. We're back tomorrow with more market news and insights.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Ethereum Activity Lags Despite Network Upgrades, Altcoin Volatility Surprises
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 22nd, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Cryptos Macro Now newsletter on Substack. On today's show, we're talking about Ethereum activity, altcoin volatility, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Markets this morning seemed to be recovering after a rough few days. Bitcoin has been fairly range -bound for the past 24 hours and at 10 am Eastern Time this morning was up 0 .6 percent, trading at $26 ,607 according to CoinDesk indices. Ether has been doing better so far today, up almost 1 .1 percent over the past 24 hours, trading at $1 ,595. On the week, Bitcoin is up 0 .4 percent, while Ether is down 1 .8 percent. In traditional markets, yesterday was the S &P 500's worst day since the aftermath of the S &P 500's steepest drop in over 100 days. This morning, however, stocks are recovering, with the S &P 500 up over two -tenths from yesterday's close, NASDAQ up almost half a percent, and the Dow Jones up one -tenth of a percent. In Europe, the FTSE is also recovering after yesterday's late trading slump and earlier today was up two -tenths of a percent. This comes in spite of economic releases this morning showing contracting activity from the service sector and a steeper -than -expected year -on -year slump in UK retail sales. Eurozone data out this morning showed a deeper -than -expected contraction in manufacturing activity with new orders declining the most in nearly three years. The German DAX index dropped sharply on the open today but has since largely recovered. The Euro Stoxx 600 index is down almost two -tenths of a percent. In Asia, Japan's Nikkei index fell just over half a percent as the country's year -on -year core inflation came in slightly higher than expected. This is fueling speculation that the Bank of Japan could end its negative rate policy early next year. However, economic growth is a concern. Data out today showed that business activity in Japan slowed to a seven -month low in September. In China, the Shanghai Composite closed up over one -and -a -half percent yesterday. Recent data suggests the growth slump has bottomed out. This is fueling optimism that recent stimulus measures will speed up economic growth. Hong Kong markets also had a good day with the Hang Seng up over half a percent. In commodities, the Brent crude benchmark continued its pullback trading at $93 .27 per barrel, down almost eight -tenths of a percent over the past 24 hours. Concerns about global economic activity are outweighing concerns about tightening oil supply. Yesterday, the Russian government announced gasoline and diesel export restrictions in order to stabilize fuel prices in the domestic market. Gold lost some ground yesterday as investors reacted to the prospect of a stronger US dollar, reaching a weekly low before climbing again. Earlier today, it was trading down almost eight -tenths of a percent at $1 ,927 per ounce. Stay tuned. After the break, we'll take a look at Ethereum activity and is the crypto market's largest meme coin becoming stable? Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax. Welcome back. In this section, we're going to look at what's going on with Dogecoin volatility. But first, despite network upgrades, Ethereum's activity is not picking up. In a recent report, JP Morgan analysts noted that Ethereum's Shanghai upgrade, implemented in April to enable the withdrawal of staked tokens, has not delivered much of a boost to network activity. Ethereum's daily transaction count has fallen 12 % since the upgrade, according to the analysts, and the number of daily active addresses has dropped nearly 20%. To be fair, the purpose of the Shanghai upgrade was not to boost Ethereum transactions. It was to encourage staking by making it more flexible. Ethereum's security depends on the spread of its staking network. It has succeeded in that. Since the upgrade, the number of validators has increased by almost 50%. Also, the circulation of Ether has always been heavily influenced by DeFi activity, which is still grappling with regulatory uncertainty, recent exploits and last year's market shocks. But network activity is an important part of liquidity, which is significant for investors. And Bitcoin's activity has been recovering. The average number of daily transactions on the Bitcoin blockchain has more than doubled over the past few months, while the number of active addresses is more than 10 % higher on a seven -day moving average basis. Looking further out, Ethereum has some more upgrades in the pipeline, which will be focused on increasing throughput and therefore also, in theory, network activity. Given the community's success so far in implementing ambitious changes to improve the blockchain's functionality, Ethereum's declining activity now should not necessarily be taken as a sign that the network is less interesting. And finally, just in case you needed more evidence that these markets are, well, strange, this morning Omkar Ghoboli reported that Dogecoin, the largest meme token by market value and typically one of the riskier crypto investments, now has a lower 30 -day historical volatility than Bitcoin. Normally, a decline in volatility signals deep market liquidity and maturity. With Dogecoin, neither is the case at the moment. So, as with Bitcoin, below volatility is yet another sign that investors are staying away. That's it for today's show. I hope you all have a great weekend. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and, if you like the show, please leave us a five -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noah Latcheson for Coindesk. We're back tomorrow with more market news and insights.
CoinDesk Podcast Network
SPECIAL REPORT: SBF TRIAL 09/22 Update
"Welcome to the SBF trial, a Coindesk podcast network newsletter bringing you daily insights from inside the courtroom where Sam Bankman -Fried will try to stay out of prison. Follow the Coindesk podcast network to get the audio each morning with content from the Coindesk regulation team and voiced by Wondercraft AI. Yesterday was arguably not a great day for Sam Bankman -Fried. First, the judge overseeing his case rejected all seven of his proposed expert witnesses, questioning at least one's qualifications and saying some others really wouldn't be relevant to the case. Shortly after the Second Circuit Court of Appeals rejected Bankman -Fried's appeal of Judge Lewis Kaplan's ruling to revoke his release on bail. These are both mostly procedural losses. I don't think the appeal denial is a surprise to anyone. Judge Kaplan even joked about his record on appeals in the August 11th hearing where he remanded Bankman -Fried into custody, and indeed the three -judge panel wrote that they discerned no error, much less clear error, in the district court's detention decision. What this means is Bankman -Fried will remain behind bars as his trial begins. Judge Kaplan's ruling is a lot more interesting. On the face of it, yes, he granted the Department of Justice's motion to bar all of the defense's proposed expert witnesses from testifying. But this is more of a mixed bag. The defense can still try and call for the witnesses provided they fill out better disclosures at least three days before they're supposed to testify. The DOJ can still object to the witnesses as well. We already know the DOJ plans to call witnesses as soon as the week of October 3rd, and while we haven't seen a full or final list of witnesses, we do now have some greater clarity about who we can expect to testify over the course of the trial. Gary Wang, Caroline Ellison, an FBI agent, and Peter Easton, a University of Notre Dame professor who will apparently explain FTX's financials, for starters. If the defense successfully calls them up, we may also hear from Thomas Bishop to rebut what Easton says, Brian Kim who may rebut the FBI agent's statements, and Joseph Pimbly to respond to a DOJ witness on FTX's software.
Real Estate Coaching Radio
A highlight from 10 Fun Facts About Realtors (#7 Will SHOCK You!)
"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. We are back. We've got a fun show for you today. We are talking about the National Association of Realtors member profile. Julie and I picked out what we feel are the 10 most interesting points from the member profile and I think point number seven, maybe even point number eight will really surprise you. So Julie, we have a lot to go through. Let's just jump right in. Yes, this is about all of you listening and the agents that you deal with day to day. I think I had a few little mini surprises, but let's go through these relatively quickly. First of all, the typical realtor had 11 years of experience. That's actually up from eight from last year. I think that that's probably surprising to some of you because you know, there are a lot of new licensees and some of you deal with each other all the time, but 11 years of experience is the average. Now we're going to just remember as we go through these points, Julie and I are going to do our best to sort of decipher, I think in a lot of ways, some of this information because when it gets to, for example, they're going to, we're going to talk about average income for the average agent and all the rest of it, but they don't think it's confusing to be honest with you. I can't really understand and maybe somebody who is more knowledgeable about this stuff can put in comments, Nara will often say things like the family income or the household income of the average agent, but I'm not so sure. I mean, does that mean like for example, there's a guy and his wife is a brain surgeon and she makes like $14 million a year and he makes like $4 a year selling real estate, you know, and so obviously that's going to affect the average agent's income. Again, I'm not sure I'm reading the question correctly, but let's just get right to it. Yes, that's right. We'll translate as best we can with the information we've got. So next is interesting because with the market shift, a lot of people like to say, oh, everybody's going to get out of the business and yet 76 % of realtors were very certain that they will remain active as a real estate professional for at least the next two years. Now, Julie and I predicted that when the COVID hit and all the rest of it, that there would be no major drop off in the number of members of a national association of realtors. And those of you who've been attached to us for a long period of time, you will remember us telling you why, and I'll for the rest of you tell you why now, because in previous, you know, fortunately there wasn't a slowdown following COVID, but in previous slowdowns or recessions or all kinds of other things like that in the economy, there hasn't been a decrease in the number of agents, but an increase. And so Julie and I went back as far as we could find from national association of realtors looking at the number of members, and it was very clear that what we theorized was correct just simply by looking at the numbers of agents joining during economic slowdowns. So why do people get real estate licenses during slowdowns? Side hustle. That's true. They need to make more money. Or maybe, you know, if you go back to the sixties and seventies, there were a lot of ladies that were looking to get into real estate that maybe hadn't had out of the home employment before and things of that nature, retired people, but really the real reason why Julie and I knew there wasn't going to be a precipitous drop in the number of, you know, members of the national association of realtors was demographics and demographics ultimately is going to run the show for the real estate industry for the rest of our lives and beyond. The number of humans in the United States that want and need to buy or sell real estate is only increasing. And it didn't make sense to us that, uh, just because there would have been hypothetically because of COVID some kind of slowdown, which as all of you know, there was not quite the opposite actually. Exactly. And just a flash forward to today, we now see that again, Julie and I's theory was correct and you notice all the other naysayers that were, uh, predicting doom and gloom about the number of agents dropping dead, like, you know, 2014 levels or whatever. They're all wrong. And the total number of agents did decrease, but I think it was, it was by basically nothing. And now here's another prediction. Wait for it. We are expecting the number of people getting real estate licenses will start to increase over the next 12 months. I'm following, I think what was a lot of people deciding to, you know, should I get a license? Shouldn't I get a license? And here's how I know that's true. The number of emails and the number of texts I get from people who are getting real estate licenses who want to join Julie and I at eXp royalty is through the roof. Absolutely. And I would also concur from my own private elite coaching clients. Many of them have gotten their adult children licensed, their transaction coordinator licensed, their assistant licensed. You know, there's a lot of things that happen, um, with a change and doing more volume that just, you know, people want to have their family work in the business. There's lots of that going on about 6%. By the way, I did read that about 6 % of current licensees, uh, got licensed as a result of doing something during COVID, you know, supplementing their other job, for example. That's a good point. I mean, there also was a baby boom, you know, so between studying for the real estate test and the, you know, the other thing, I guess there you go, Oh, and I'm sure a lot of those babies eventually get licenses too. I mean, Zoe's already wanting to get a license. So as far as those of you who are looking to upgrade your brokerage experience, a reminder Julie and I are proudly associated with eXp royalty. So if you're looking to join eXp royalty and you're looking for a sponsor, they'll be very proactive in your success at eXp. There are two paths forward for you. Number one is you could just text me directly, and this is if you're ready to land the plane and join eXp and you're ready to choose your sponsor, text me directly at 512 -758 -0206, 512 -758 -0206, text don't call. The other thing you can do also is if you're filling out the application, just put Julie Harris, Georgetown, Texas as your sponsor. If you want to learn more about why so many agents are joining with Julie and I in our group at eXp Realty, by the way, our eXp Realty group, listen to this guys, our eXp Realty group so far this year has done 3 billion, 300 million in real estate transactions on over 11 ,000 transactions if I remember correctly, most of which are on the seller side. So if you want to talk about an incredible success during what should be a slower year for virtually everyone, our eXp Realty group is actually increasing by significant margins and units and in total dollar volume. So yes, we'd love to have you as part of our overall group and if you're ready to join eXp Realty here are your two paths. One, you can just frankly scroll down and click the link and go over that's in the show description below and read more about our eXp Realty group or you can just text me directly at 512 -758 -0206, 512 -758 -0206. In the market that is going to start happening, we're going to guess the next 6 to 12 months it's going to feel very much more like a real estate, frankly, recovery if not a surge. You definitely want to be with a broker that's going to have your back and definitely want to be with a team that you know is experienced to make it so you can help the most people and maximize your potential in real estate and please do consider Julie and I for the job of being your eXp Realty sponsors. All right, next surprising point. Well, next, in last year based on the NAR report, the typical agent had 12 transactions which was the same as the previous year. Now what was the sales volume? Well, the median sales volume for brokerage specialists increased to 3 .4 million from 2 .6 million, so things are looking up there as well. Now they always do a survey about how agents perceive what's going on with their prospects, right? Let's go back to that point, okay? So again, this always goes back to the interesting things when you dig into the numbers. So if the average agent and we are talking about 12 transactions, right? I'm looking at your notes. So 12 transactions and the average home in the United States is $400 ,000. So if you did, for example, I mean, if it's you guys, whatever your market commission is, but let's just call it $10 ,000, $10 ,000 times 12 transactions is $120 ,000 a year and you wonder why real estate is such an amazing business to be in. I mean, come on, it's incredible because during inflationary times, yes, everything is getting more expensive, but so is real estate, which means your average commission is also increasing. Look how smart you were to be in real estate where most everyone else is suffering from inflation and the cost of living and all the rest of it. You actually have a built -in pay increase year after year as things start to inflate even more so in real estate. So there you go, go you. Exactly. And related to that, 17 % of agents sold 10 million or more in volume, 4%, 15 million or more, and 5%, 20 million or more. Some of that you can chalk up to higher average sale prices, but again, go you because it's baked in that you're going to make more money doing more deals at a higher price, right? Okay, so let's look at the next one. All right, so at 32%, lack of inventory remains the most important factor limiting potential clients from making a purchase followed by housing affordability and difficulty finding the right property. I think difficulty finding the right property is the same as lack of inventory.
WCPT 820
"two ago" Discussed on WCPT 820
"Newsreel oh my god i'm so excited it's doctor marty you just you called me mama a second ago yeah no yo mama it's a a phrase from brooklyn uh... because you're you're technically my dot uh... the daddy you know i'm saying you're my dogs uh... you know dad technically yeah i love it uh... listen i did a health reset for uh... coven and i because i think of my dogs as my worry kids i about their immunity talk about why it's so good for them it mimics how they in the wild exactly you have know we to watch out between of the foods that have been out there commercially for so along that it considered premium or so many of them are are based on zero and meet byproducts and even though they may be considered premium they are not biologically appropriate and you hit it on the head it's what nature intended them to eat meat some vegetation yeah well right if you listen to my show doc you know that i love to talk about poop so this is why this is so exciting for me but no i have a 10 month old uh skew great pyrenees and he always tended to lose stool and i started using dr rice food not that long ago and i was like i thought it was my imagination i'm like oh my god he has firm poops finally but that's that is another reason why they are intended to eat this kind of diet right this kind of raw meat there's 190 million registered dogs and cats in the united states and incidents the of chronic disease and especially cancer has gone skyrocketed yeah my mission is to as reach many as possible yeah and by the way pantry safe it's fantastic for a limited time play clay fifty four percent off nature's blend and receive a free pack of premium dog treats go to dr marty pets dot com slash miller or text miller to five eleven five eleven text miller to five eleven five eleven study available upon request message messaging data rates may apply that is doctor marty pets dot com slash miller tom hartman forty in the two years since the start of the reagan revolution bought off politicians have turned our tax code fifty one trillion dollars has the pockets
WCPT 820
"two ago" Discussed on WCPT 820
"Off your first first purchase. That is B o m b a s dot com slash Stephanie. The code is Stephanie at checkout. Stephanie Miller, the high priestess of excellent liberal talk radio. It's the Stephanie Miller show. Oh, my God, I'm so excited. It's Dr. Marty. You just you called me mama a second ago. No, your mama. It's a phrase from Brooklyn. Oh, well, because you're you're technically my doggy daddy. You know, I'm saying you're my dog's dad, technically. Yeah, I love it. Listen, I did a health reset covid. for And because I think of my dogs as my kids, I worry about their immunity. Talk about why it's so good for them. It mimics how they eat in the wild. Exactly. You know, we have to watch out between the the that foods have been out there commercially for so long that are considered premium or so many of them are are based on cereal and meat products. And even though they may be considered premium, they are not biologically appropriate. And you hit it on the head. It's what nature intended them to eat meat with some vegetation. Yeah. Well, if you've listened to my show, Doc, you know that I love to talk about poop. So this is why this is so exciting for me. But no, I have a 10 month old rescue great Pyrenees and he always tended to lose stool. And I started using Dr. Marty's food not that long ago. And I was like, I thought it was my imagination. I'm like, oh, my God, he has firm poops finally. But that's that is another reason why they are intended to eat this kind of diet. Right. This kind of raw meat. There's one hundred and ninety million registered dogs and cats in the United States, and the incidence of chronic disease and especially cancer has gone skyrocketed. My mission is to reach as many as possible. Yeah. and And by the way, pantry safe. It's fantastic. For a limited time, play 54 percent off Nature's Blend and then receive a free pack of premium dog treats. Go to Dr. Marty Pets dot com slash Miller or text Miller to five five eleven eleven. Text Miller to five eleven five eleven. Study
WCPT 820
"two ago" Discussed on WCPT 820
"Oh my god I'm so excited it's doctor Marty you just you called me mama a second ago yeah yo mama it's a a phrase from Brooklyn oh well cuz you're you're technically my doggy daddy you know I'm saying you're my dogs you know dad technically listen listen I did a health reset for COVID and I because I think of my dogs as my kids I about worry their immunity talk about why it's so good for them it mimics how they eat in the wild exactly you know we have to watch out between the foods that have been out there commercially are for considered so long premium that or so many of them are are based on cereal and meat byproducts and even though they may be considered premium they are not logically appropriate and you hit it on the head it's what nature intended them to eat meat with some vegetation yeah well I if you've listened to my show doc you know that I love to talk about poop so this is why so exciting for me but no I have a ten -month -old great rescue Pyrenees and he always tended to lose stool and I started using dr. Marty's not food that long ago and I was like I thought it was my imagination I'm like oh my god he has firm poops but that's that is another reason why they are intended to eat this kind of diet right this kind of raw meat there's 190 million registered dogs and cats in the United States and the incidence of chronic disease and especially cancer has gone skyrocketed yeah my mission is to reach many as as possible yeah and by the way pantry safe it's fantastic for a limited time clay fifty -four percent off nature's blend and receive a free pack of premium dog treats go to dr. Marty pets .com slash Miller or text Miller to 511 511 text Miller to 511 511 study available upon request message data and rates may apply that is dr. Marty pets .com slash Miller Tom Hartman remember Ronald Reagan telling us that if we just cut taxes on rich people it would trickle down to the rest of us it sounded so nice at the time right if we just end the unions companies will be more profitable and they'll want to pay you better and give you better benefits
WTOP
"two ago" Discussed on WTOP
"Collapsed almost weeks two ago fire engines that were the first on scene that day of the fiery tanker crash that led to this collapse were actually the first ones to drive across the temporary lanes that opened this weekend it was much faster than than officials predicted it would take after some innovative construction work were being told this morning Philadelphia Fire and Transportation reporter Tom Fitzgerald tells us here at WTOP what lies ahead with this the construction of the temporary roadway which is resting on like some fill they paved right over it should be fine because it has all kinds of there's only three lanes on each side instead of four and they're 11 feet wide each lane which is a bit narrower than normal what does this rebuild look like I mean is it doesn't is it easy to get through it is it is traffic going to move as easily as it would on in normal a situation today it was but people have become acclimated to not being able to go there you and know since it was freshly reopen there were some wide open spaces I got home really ridiculously quickly but now it's more you know congested of course Tom this is all patched up right it's not like a real road per se right it's meant meant to be temporary and then they're gonna build the permanent bridge starting on each side and work their way in and then at some point they're gonna lift up the temporary and have the permanent ones hard to imagine what that'll be like but it's been done they decided to go with this temporary one just to get some traffic some traffic flowing on I -95 which as you guys know this like the major East Coast freeway absolutely and then in our final few seconds here when this happened the official said it would take months to fix it up like this how did it get done so quickly I think well several things for one thing the administration really pouring on the declaring governor a state all of kinds emergency of and there were legal things that loosened red tape and basically when when the engineers decided to do two steps temporary and then a permanent it just is easier to build those temporary roadways which are not really bridges they wet rest of them it's made of recycled glass mostly it's but like a gravel like substance that's been proved to be resilient and strong that's philadelphia inquirer transportation reporter tom fitzgerald on wtlp talking with sean and nick top stories were following for you this saturday morning a double detail p the leader of a russian paramilitary organization calls this morning for an armed rebellion moscow will tell you why how attorney general merrick garland is responding this week to claims that the justice department revered with the investigation into hunter biden the president's son and five former memphis officers charged in death the beating of tyree nichols entered their pleas in court this week stay with wtlp for more in just minutes you are to listening 103 .5 fm and wtop .com the supplemental security income program provides monthly payments to help meet basic needs like putting food on the table paying the rent or buying new shoes for growing feet you may qualify if your income and financial resources are low and you are 65 or older or an adult or child with a disability or who is blind call 1 -800 -772 -1213 or go to ssa .gov to start to apply produced by social security at us taxpayer expense good morning welcome into wtop time now is 1 17 an update on burnout is hitting doctors hard
Bloomberg Radio New York
"two ago" Discussed on Bloomberg Radio New York
"The venture world and capital raising fundraising world for startups changed at all well, clearly it's got a change somebody after what happened yesterday and then we as you just said a second ago, the full wasn't really with the venture capitalist. It was the port with the bank itself and as far as I can tell from emails I've been getting. The bank is back in business again and based on their own words or lending money and I've gotten an email from another bank besides SVP and they are lending money. And the big question over the weekend, which unnerved everybody, including me, even though I frankly had very little exposure, thank God. So I had a little bit of less violent weekend in some. But it was the concern of the deposits. And I said this broadly over the weekend. There was no way that banking system that stock market could open on Monday without solving the problem. And I think the government did a great job in solving the deposit problem and taking over a couple of banks and so no worry about contagion. You think we're done? Well, no, yes, I think contagion has since you're thinking of. I think the contagion is how it's going to affect loves and drawdowns from banks and what kind of lending they're going to do. And how that will affect the industry going forward because venture lending has been on the edge of the traditional banking system. And now, you know, all of these loans and people's nervousness about being able to draw down loans in an appropriate fashion timely and they really existed. The first question was deposits the second one was if you had a line that you could be able to draw down and obviously they are drawing down on all their deposits. And all their lines and have made a point of setting, we're open for business. So I would say that we're back, we can't be back to normal. People have to have some second thoughts now as to how they go forward. And basically in terms of lending lines and how much they can depend on it, how much they wanted it from them. I mean, Alan, look, you've had an unbelievable career, right? I mean, in your autobiography entitled, no red lights, which released last year. You discussed not only the successes of your career, but also the failures. And one that stood out for me was that you didn't make an investment in Starbucks. I want you to take that forward to chair Powell when he writes his autobiography. And he has to discuss his failures. Is he going to have to state that he was late to the game on inflation and that the fed is behind the curve, or do you think that they can manage through this? And we can achieve that soft landing. Well, you really are stretching the point of making this mistake of not investing in a coffee chat. You like that one. That affects the world. Probably the acceleration of rate increasing rates didn't help the situation. But you have to understand that did not have an impact on the venture business per se or wines that were outstanding. I think that that didn't topple anything. I would personally say that this would not be the best time to increase rates again next week I've let the market settle down a little bit here and get used to what's happened. But I think the whole challenge, the industry is thinking about venture banking, the venture, the SDP of the world, which is more at least a dozen or two dozen like that. What role are they going to play going forward? How much are you going to depend on those kind of lines? The government clearly done a great job in that the fact not just the walls of depositors are safe, but the fact that they're telling everybody go forward and keep lending on the same basis is really a very strong sign that the government is standing behind these banks and does not want to see not just the government Khosla Ventures is going to be backstopping pay for some of its impacted companies. Is that going to be a role that VC funds are going to have to take on in the future? Being that sort of backstop is something should go wrong with the bank? And should they be? Yeah. It's a misleading to say a bank. They're backstopped. They're not doing that. That they're an investor in a company as we are. And you depended on the line and all of a sudden the lines start there. You got to figure out how we're going to replace it. And the easiest way, of course, is to get the existing investors to put up additional capital, whether it's at an interim or more long-term basis, but they're not going to act as a backstop for lending. They're acting as a backstop. The alternative to these loans was going out and raising more equity capital. So I think if anything, but this is going to do is to put some pressure on companies to build up their equity positions and the process would not surprise me if there were some write downs and some brief and financings to build up these balance sheets at lower prices than we saw in the market was very, very strong in 21 and 22 for a lot of venture financing, whether it would start up or even later stage. And I think that to the extent that companies want to improve their overall balance sheet position, even if they have these lines, they would probably want to build their equity and that may be a lower price than the last round, possibly. So Ellen, in terms of longer lasting impact, how does it I think the doomsday is like, oh, it's going to affect innovation and the startup community. Is that overblown? Investors will find a way and start away. I will not use the vernacular, but I don't believe that. It is going to have very, very little impact. I will tell you a specific I am involved with one company that had a large deposit of one of these banks not named and had a line not used that they had not drawn down upon. And they were encouraged on Monday to draw down that line and they did and the money transferred into the bank account of the company. So clearly the banks are back providing capital again. But if you don't have a line at this time, I don't know what the attitude is going to be to put on new lines at the moment. And I would think it would be prudent for a company to build up its equity base and that may come at a discount from the last round because a lot of these last rounds were very, very high prices and retrospect. And of course some type of markdowns. But other than that, the businesses still healthy and innovation is not going to be stopped. Well, Alan, I mean, you're now with prime time partners, right? You founded that along with that, a levy, who was the former SVP of SoulCycle. You're goal, you're mandate as words to invest in early stage startups that bring products and services to individuals above the age of 60, which of course is 25% of the world's population. My question for you is, those early stage startups that you're investing in, would you tell them to bank at some mid and small sized regional banks going forward or were you encouraged them to be banking at the big ones? The JPMorgan's the citigroups of the world. And Alan just got about 30, 35 seconds, unfortunately. I don't want to answer that question directly. But I would say that for the moment, I think they continue banking as usual. But remember, for these early early stage deals, they're not doing too much banking. They're really the relying almost entirely on equity capital. All right, going to leave it on that note. Alan, always good to get some time with you. And
Bloomberg Radio New York
"two ago" Discussed on Bloomberg Radio New York
"T mobile home Internet. It lags. Now what is leg? Like, is a delay in data being transmitted across the Internet? For example, you're hitting that hot drop, the parachute cuts out, you've got an unsuspecting bot in your site and lag. You are actually eliminated ten seconds ago. Nobody deserves that. So stop letting T mobile home Internet ruin everything and switch to Xfinity. Learn more at Xfinity dot com slash Timo facts. Middle of the Atlantic Ocean when it happened. There was a sudden jolt and our submarine crashed on the sea floor. We were in total darkness. That's doctor Dijon figueroa, a marine biologist and stem teacher, talking about a deep sea dive she'll never forget. It's funny When I was a kid, I was afraid of the ocean, and there I was, two miles below the surface. But as a scientist, you prepare for that. Using our training in a little creativity, we fix this up and finish our experiments. The dive was just too important. Every dive gives us glimpses at things few people ever get to see. Blowing creatures, fiery undersea volcanos. When we got back to the surface, I kissed the ground and called my mom, of course. But you know what? I wouldn't trade that die for anything. Doctor figueroa uses her passion for stem to discover new things and make the world a better place. She can stem, so can you. Check out, she can stem for more stories and inspiration. A message from the ad council. The Alzheimer's association and the ad council present the story of Tom and Levi. Tom is the smartest man I know. He's been a professor at two major universities been a teacher for over 40 years. One day, he told me that he was having problems in his classes. I think one of the students had asked the question and he didn't remember the answer. I also noticed that he was letting his class out earlier than they were supposed to let out. And he was telling them that he was doing it as a favor to them. But I think in reality he just wanted to give out of there. I was really starting to worry 'cause I saw something was wrong. Levi and I talked about how it would change our lives, but he was there beside me, and my love
Bloomberg Radio New York
"two ago" Discussed on Bloomberg Radio New York
"Michael Barr I'm scarlet fu And I'm Mike lynch And scarlet you were talking about earlier during the break about some of the other topics that the professor had mentioned just a second ago Yeah professor yu had talked about how name image and likeness certainly changes the landscape for student athletes but they're also these huge implications for the whole economy and ecosystem of college sports overall All the alumni donations that come in to sports programs the stratospheric salaries of coaches walk us through some of the unintended consequences on donations and coach's salary that you anticipate That was a great way to say it The unintended consequences because we think that we're just creating revenues that are going to the student athlete But it does change the structure of athletics within the college atmosphere And as an economist I say okay there are donors who donate a lot of money to these athletic departments And the donor often donates because they support and want to see that athletic department grow succeed or continue to succeed So if I have $50,000 that I'm getting ready to donate but I do own a car dealership down the road The question is is my money better spent by donating $50,000 to the athletic department Or is my money better spent if I do an NIL deal with one or a few players and spend that $50,000 on those players So I think the donors are sitting back I don't think donations have started to drop drastically but donation data is really difficult to find but The Economist didn't just sits back and goes look there's clearly an incentive for some donors to hold back a few bucks and sign them on NIL deals And it almost turns into the point depending on how big of a donation you're giving that you can become a recruiting mechanism It's no longer just Alabama athletics recruiting It ends up being the donor base going hey if you come here I've got a $2 million contract and waving that in the air Then the second side of that you talked about coaches salaries The college athletic system is kind of weird on this Coaches leave the NFL They go back to college athletics and functionally get a raise Jim Harbaugh And there is no system in the world where you leave the major leagues to go to the minor leagues right We think of college and I am a huge college athletics fan But college athletics for a lot of these players are getting them ready for the pros right The pros is where the big money is the pros is where the big talent is And for coaches to leave the NFL and go into the minor league system and make those kind of money means that there was something structurally wrong with the minor league system to begin with So Kurt you're seaton hall basketball is the biggest revenue sport at seton hall You were a swimmer in college To your knowledge have any seaton hall athletes at the less high profile less revenue producing sports like swimming like lacrosse like drag and field been able to cash in on name image and likeness My understanding and I have not asked that question partially intentionally because I don't want it to seem like I'm overbearing on my thoughts of NIL with our athletic department And for full disclosure I'm also a volunteer assistant swim coach here at seaton hall So I do assist the swim team But I try not to meld too much of my research and economic interests into the coaching side I go and I coach I come and I teach and I think about this stuff My understanding is that there are some small deals happening across the sports I have not seen any massive deals in some of these what we would call Olympic sports But my understanding is there are small deals going on throughout sprinkled throughout them Professor let me just follow up on your point earlier about how there's something broken structurally within the minor league of college athletics that coaches get paid so much more once they coach in college football for instance rather than in the major leagues in the NFL Does name image and likeness make this an even more broken system Or does it help fix it So I think it's going to appear as if it's more broken on the surface and at the beginning And the reason for that is we still have large coaches salaries that we have to pay yet some of the money is now being pushed towards the student athletes that could have been pushed towards those coaches salaries in the past Typically when we think about major leagues right we look at these leagues who have collective bargaining agreements a certain percentage of revenues go to the athletes a certain percentage of revenues go to the owners And when you have these splits in revenues that's how you determine how much you can pay these coaches And for historical perspective the split has been 0% student athlete and all the revenues can go to buildings and coaches We've taken that 0% away Now there's money going towards the student athletes through NIL And because you can go to the student athletes through the NIL deal that changes the financial structure yet we're locked into some big long-term contracts for quite a few of these coaches But in an equilibrium sense some sort of revenue sharing agreement would make a lot of sense which would bring down coaches salaries They would stop have to having to build and put so much money into the buildings into the stadiums in the locker rooms I've been in quite a few of these locker rooms They are fantastic That was a recruiting tool And now instead of indirectly handing them benefits Now we can actually just hand you cash And that new equilibrium is going to take some time But when that new equilibrium is met I think that we would expect less revenues going towards those in direct payments to students And more revenue is going towards those direct payments We are talking with Kurt Rudolph Professor of economics and finance at seton hall university right here in the Bloomberg business of sports You can follow me on Twitter at big bar sports And you can follow me at scarlet fu on Twitter And I'm Mike lynch you can follow me at lynching And of course you can download this show right.
NewsRadio KFBK
"two ago" Discussed on NewsRadio KFBK
"The 9 11 terrorist attacks, a group of survivors and their advocates are calling on Congress to fund continued health benefits for those affected. Maryanna James lived near Ground zero in New York. Those buildings fell in our apartments on our apartments, and that's how many of us were exposed President Biden reflecting tonight on 9 11 and this recording posted on Twitter, no matter how much time has passed And these commemorations bring everything painfully back. As if you just got the news if you seconds ago. And so on this day Joe and I hold you close in our hearts. And send you our love the president calling on Americans to come together to recapture the national unity and shared sense of purpose felt across the country after the attacks, a child under the age of five, has died from Covid in Orange County, California, the county health care agency. No additional info on that yet. Chuck Sivertsen, ABC News It's 4 36 now kfbk and coming up. We'll take a check of your traffic and weather together and we're also going to be talking about your poll question today. You know, Tomorrow is the 20th anniversary of 9 11, and we're just talking about whether you think it has the significance that it should. Are we paying enough attention to it. Here's also chaplain Mindy Russell with a thought everybody that I talked to Can remember this day so vivid even bigger than the man on the moon even bigger than John F. Kennedy being assassinated. This was affecting the whole world. Yeah, just kind of wondering if you agree with this significance of that. So anyway, you can pound 2 50 on your smartphone keyword, open mic and we'll get to your calls ahead on there's 93.1 kpk life everywhere on the I Heart radio.
The Grid
"two ago" Discussed on The Grid
"And i've always felt that i'm somewhat creative person but sort of gained a two channel into that has been mentioned to use the different side of your mind. You know gave us some of your other things that Gain to think about new things and embraced that. So i wouldn't say that i had any background in any of that stuff and frank game only as funny as i see because the people i worked with their amazing jamie jeter tom skilling mike brady awesome good people who they're definitely responsible for a lot of the content that was funding along. I i was in there though. I had some good jokes too. But i wouldn't have been nearly as funny without those people so definitely a team. Effort there yes. Jamie sometimes sent me She told you so. Yes came years hilarious. So let's say you had to do stand up set this weekend and you didn't have access to seriously serious or or gamemaker data. What would it be about. Oh man what would it be about. So we actually did. I did a stand up. Set with joe ingram a year or two ago. We just said.
Necessary Blackness Podcast
"two ago" Discussed on Necessary Blackness Podcast
"Talk about. Let's start off. We how that football player. Let's get into his his point. You know i you know. I go out and vowed to but let's just get into his crazy behavior. I dunno people heard about him. but his name wheeler. What is the chad we alert. He plays seahawk. Beat his girl unconscious. Well it wasn't just. This girl was a black women. Black woman yes. I knew he was missionaries but yes she was not black female and from what i understand. He wanted her to bow down as she refused and he whipped that s. like seriously. So if you see. The pictures is disgusting. What an. He actually thought that he killed her based on Articles in the headlines. He thought she was dead when she got off in ran to the bathroom. Like oh you alive. Basically that's a crazy situation which you think about it. When i first read the story in the headlines i was like wow it brought me to mind of That slaves clay where remember Maybe a year or two ago. They had this movie called. Slaves play where they had blacks of for trains on the laid white overseas and they was willing participants in their their slavery. And i was like yo. Is this the same out of slave player. Something what's going on here. You also that i went online and started door on a little bit of research and let me say this. Y'all you know. I'm i'm unapologetically black right and I don't believe in you know talking to black and sleeping white rod but we do have those that are melania did that Know go to the other side. And i'll be wishing death sentences on people doing that. You know i'm not one of those individuals you know. The people was ruthless. They was like she gets zadie in. And you know. I just can't condone you know another black woman. Whether it's the person lack a white.
KTAR 92.3FM
"two ago" Discussed on KTAR 92.3FM
"Up, there's gonna be some after President Stay that Tuesday. They're going to open him up at nine. They're going to be gone by 10 o'clock. So you gotta have flexible a schedule. You need to do computer You've gotta have brought bad you gotta you have to have yet to know in the first place when they're opening up. So I think if you create a level playing field, then you can start addressing the things you were just talking about Chad, which is, uh, you know, vaccine hesitancy in those kinds of things. But if the playing field itself is on, even fixed the playing field and then start to do the education with those communities. I just think it's a cop out. If, at the end of this what we find out where the zip code what? I wanted the zip going back, okay, where we can see who's been vaccinated. And I think we're going toe if you would do it. Income overlay on the ZIP code. Map, which we don't have yet because they won't disclose where the ZIP codes are of the people that have been vaccinated. I think you're gonna find that it's dominated by people in high income ZIP codes. That's it's been absolutely I don't doubt that talking executive director of Arizona Public Health Association will humble But more more. Polls are saying that it's not just about whether or not they have access because some of that's very much true, but some of his head city, but it's also trust blacks more than any other race or ethnicity in the country. They believe in their doctor more and have more trust in their doctor. I think part of the problem is will is Going somewhere to in the morning seems a little dystopian like where you show up and you drive through and somebody goes in and gives you a shot. I think a lot of people feel far more comfortable to get a shot at a Walgreens that they go to all the time or their doctor where they feel like they can trust them. I totally agree. I totally agree for every demographic pretty much and here's the answer, Which is we got it. We talked about this. I think last week the Johnson and Johnson vaccine is they put in their application to the FDA to get emergency use authorization. They're going to hear that on the 26. I wish they were hearing it faster than that. But they're not. It's on the 26. So I think we're gonna have Johnson and Johnson vaccine. Ready to ship by March 1st. And that's a perfect vaccine to get into community health centers, doctor's offices and pharmacies Because it's a refrigerator vaccine. It's not a freezer vaccine easy. You know, to store and handle. So I think that Johnson and Johnson vaccine is going to make a big difference, and they will go just so what you talked about a second ago, which is it allows because of the flexibility with that vaccine. It allows Us to get it into pharmacies and doctors offices where people watch to get. I mean, that's you know, that's where they get their flu shot where they get their shingles shot. That's where they should get this vaccine, too. But the storage with this visor so weird. That's why you have to use these pods. Kinda, all right. Well, good to talk to you, man. I'll text you later. Yes. Could you tell him horrible stories? Thanks, buddy. Appreciate it. Dr. Will humble all right when we come back. Let's talk about what will just said, is the main thing we've got a million shots and arms in Arizona. Or is that or is that not as important as getting the people who really need the vaccine vaccine? That's next, Alright Kilroy's Keller Williams Realty East Value Valley White team, You know, I talk about this all the time. Carol's got a team and Karoi stick around for 35 years, selling homes across the valley, getting top dollar and then some four homes because she has the best of the best working for plus, she's got a proven track record. She's got buyers, and I think most of us can relate. Especially in the state age with covert in all the chaos stuff happens. Life happens. You have a job change many of you out there right now trying to figure out what to do. You're you're desperately trying to hold on to your home. I'm not quite sure what to do. You know what Now is the time to say to yourself. Maybe it's best we get out of this. And take the money that is available, especially the marketplace where it's so squeezed and people are looking for for for homes and and go with the best, and that's Carol Royce, and it doesn't matter what Happens in your life, as they say Life happens, whether it's a situation where you have you've got to combine family and you need to sell the house. You're in right now. Or maybe just maybe. You've had a situation You gotta love one past. Carol Royce is who you need to call. She's got the buyers, the pre screened the ready to buy your home. She creates a higher demand for sellers, which means something amazing for you often receiving all multiple offers and selling at.
WDUN AM550
"two ago" Discussed on WDUN AM550
"At the top of the East with 1 19, the 1 10 win over Indiana. Nikola Jokic scored 47 points with 12 rebounds as the Nuggets beat the Jazz won 28 1 17 and the Clippers beat the Knicks won 29 21 15. You can find more sports online it access W D win. I appreciate that cattle was find out What's going on with good friends at Green Ford and for the inside, Scoop, Grover the Bear Young with us this morning. How to Grover? Howdy. Howdy. Howdy doing are right out there. I'm doing great. You told me to second ago that it's it's all looking like everything's pointing folks too green for it. Even the wind is trying to push them in there, Right? That's right. The wind is pushing him right out in here. 2030 65 Browns Bridge Road under the Big Blue Opal. Only invite everybody by that. Come on by to take a look at these new Ford vehicles before Death. One fifties Escape Stick explores the Rangers. You name it. We got it. And this is Primo. Right inventory. Come on out and take a look at the top of the line. Affluence fifties, the limited edition and you'd be three of us. I mean, you just mean three out. And you will enjoy what you think you know the another one that you mentioned there. It's got a lot of traction with folks is that Ranger since they released that that is a good looking truck, and it's certainly fit a niche. Very well. Folks who didn't want all of the F 1 50, but they wanted a good truck. Necessary. I mean, this house standing truck. It's all throw choking in sports vehicle. I mean, you could take this into the woods with the greatest of ease. And of course, I'm waiting to see the Electrical Mustang. I just really, really want to see that vehicle and driving, so I'm waiting. Well, you're in the right place to see it. And folks if you want to see it, too. You can go there and spend some time with a girl with a very young and a great folks here. Green fortune if you want to take something home. Get on Grover's agenda for the day. I'm a buzz. He'll make some time for you today. What's the number there? Grover, Give me a call My cell number 77 No 8519438. 7708519438 not be glad they have to. And of course, we have a great using Victoria's. Well, there you go. And, of course, you driving away window down even on a cold, windy day because you want everybody to hear you sing. Come on down and see the bear. He's a man that really cares. Come on down to his honey hole. He's waiting on you at the big blue over Grover. Make it a great day And thanks for being with us this morning. Well, thank you all and I do my best. You always bless you two you 2 25 27 minutes after raided north Georgia's news talk wdun. We continue with the Monday Get together. Thanks. Been time with us this morning. Don't forget our survey question and access wdun dot com. Republican state legislator proposing after now first off for three weeks of paid parental leave to state employees, including teachers. Do you agree? 62% of you still say that you do not This portion of the program brought to you in part by the good folks at Turner wouldn't Smith Insurance Time to check in with Lauren? It's time for the Kroger.
600 WREC
"two ago" Discussed on 600 WREC
"W We are see him posted a day or two ago was so good. I said, Why haven't I called her in a while? Julie Gunn, like Welcome again to the Bill Cunningham Show and Julie, How are you? I'm doing great. Thanks for having me on I'm reading your column, Two truths and a lie The covert 19 vaccine. We gotta talk about that, but also the new ruling of Joe Biden. I pay attention to what he does not what he says. I'm not sure is even doing what he wants to do. Someone put the paper in front of him obviously is not well, and he signs it don't know what he's doing. But tell us the essence of your column. You posted a few days ago about two truths and a lie but covert 19 vaccine. Well, there's a lot of myths out there, and I think that people are understandably nervous. They're understandably skeptical. Look public health. Their reputation. The reputation of public health in America is in the Dumpster. Public health has had years decades of reversing course, saying something's going to kill you and then Oh, by the way, it's totally fine. We were wrong. And so this is the same entity that is trying to push people to get the covert vaccine, so I have a lot of sympathy. People who are skeptical about it. But I think it is important that we address some of the myths, the covered vaccine development and met. People are saying it was rushed and they skipped safety testing. They actually didn't um Usually in and win and under normal circumstances. The FDA required here requires rather scientists, pharmaceutical companies to do testing one after the other. She has to do a full put, you know a full tests and then you have to wait for the results to the next test. Allowed those tests to be done Consecutive are, um at the state concurrent at the same time, and so think of it as a relay test a zoo or is a you know, a 50 yards. Friends by one runner as opposed to a real a test. We have to wait for the baton to be passed, so I think it's really important that people understand that the same safety test and measures were implemented for the development of both of the FDA approved covert tests. Would step. We're not stepped. They did hold trials on these are states. Now again. I have sympathy because I think our public health sector in the United States is a mess. It's become politicized. They are. It is filled with people. It was it was, and it is filled with people who had such anger at Trump that they understandably made people doubt. Um you know their their intentions, but I do think that the process under which these These vaccines were produced was the safe. That was the same that other vaccines are are the other vaccines have toe have to go under and I think people should feel safe and feel good about taking the vaccine, Julie soon as I can get the vaccine, I'm gonna take it. Because, uh, why not? Compared to getting covert 19? The odds of surviving is well above 98%, but nonetheless the symptoms along soon as I get it, I can get it. The issue becomes when I read that 50% of the cops, NYPD are not going to get it. 60% of health care workers and nursing homes refused to get it. I see Los Angeles L A F D the Fire Department, 40% said no What money? Let me take on that health care workers that that 17% or 60%, that you noted that the important thing to understand is the word health care worker is very broad. So when you go to your doctor's office, you hand your insurance card. Your I d to the woman at the front office. Is a health care worker. That woman probably have no actual medical training. If you dropped dead in the in her right in front of her, she's going to call a doctor to come and bring you back to life. She's not going Do the CPR as he probably doesn't even know how to do it. You know the people in the work in hospital cafeterias. Okay, the candy stripers that volunteer these air all health care workers When I looked, I actually looked at that data that you're citing And when I looked at the data, it was based on phone conversations. And whoever picked up the phone, they would say, is anyone in your family, a health care worker? And if the person said Yes, my mom is, you know, she she does. HR at a hospital, then that person so it's not even the person who does a car. It was her son or 20 year old son, who answered the phone. He could be considered his answers because it be considered. He could be considered help your worker because he's related to one for the purposes of that pulls That pool is very bad, so it's important for her to remember. That's not an accurate poll of what When I say health care workers, doctors Medical professionals nurses people actually know Byron virologist feels you develop vaccines that is not actual people who have medical backgrounds, medical education. That is anybody who has. I mean, I feel like you could actually walk by Ah hospital and be considered health care worker. It's really important to understand that the those statistics on those studies that they're doing make very, very good and scary headlines, But they're not actually valid. So Julie Gundlach independent women's formed out or g'kar, you're saying that take the vaccine the minority opinion. I've read some of minority opinions that is suppresses some sort of a protein on a spike that may cause you later on. To Ah, be more susceptible to Parkinson's or Alzheimer's. Something like that. That's the minority opinion, but anything might have that result. But you're saying the messenger RNA is the future. I've also read that the messenger RNA, maybe the cure for cancer down the road. And so whatever it is, I would much rather take the risk of getting the vaccine. Then take the risk of having a terrible result with covert maintain. I think all Americans said Look at the feed. When with this, that scene was developed. They should thank President Trump for creating operation weren't speed, which helps businesses. Expedite and gave the FDA the ability to expedite the development and ultimate approval of this and say that Americans should look at this ago. Why can't we do this with all drugs? Why are cancer patients waiting? Why do we have right to try laws? Why don't you just beat up everything? I mean, it really drives me crazy. But there are vaccines that wait for that. Sorry, not defective. But all medications that have tremendous problems promise for people suffering from horrible diseases that get Locked in the pipeline and the FDA approval process and so I help people are looking at this. Not just with, you know, boy, you know, I'm worried about this, but I'm actually looking at this is maybe a model of how we should be approving drugs in the future. There's no reason I mean, I understand certain liabilities. Operation worked, gave certain you know, legal protection. But there's a lot of things to learn about this, especially when it comes to testing. Um and being able to do those tests concurrently that Get up..
Biz Talk Radio
"two ago" Discussed on Biz Talk Radio
"Great guy knows a lot of information and Corey. Let's get back on here and finish talking about what we're talking about a second ago. Now you mentioned the second ago that boomers Like your dad like me. You're dazzle older than may, like Mae are still in pretty good shape and we've got probably Maura the wealth in any generation before us to that we control On baby Since after us It was like we were just at the right place at the right time, I guess in the economy of the United States and you were saying, and you were saying that you thought it would be wise of many boomers. Just our wives of your dad. I'm not going to say you're giving financial advice. Why is your dad to throw in 1 to 2% of his savings or his investments into Bitcoin? And I've heard Solitude her. Jones say that I've heard several financial people say that and it's the same thing I tell people, you know if I come home at night In the markets down 1%. I'm not really having a hard time. So my wife Oh, my gosh. The marshal stand up. We lost 1% today. You know herbs up 1%. I don't feel that way. But If you put 1% of your investments in the Bitcoin, your risk versus gate. Yeah. Love gain. Is tremendous. You might lose the 1% that you might gain. 100% are 1000%. So I agree with you on the 1%. I mean that you were talking about, so you want to go over that a little bit more? Yeah, I mean, I boil this down there some big words in this but generally say you No one's one's propensity to store but store value in the Bitcoin protocol is directly correlated to their understanding of Bitcoin. So You know, basically as people learn more about that, Quinn and just like any investment, you know, invest in what you know is Robert Kiyosaki always says a lot of smart people say that buffet too. I just find it's one of these things that you need to understand better to be comfortable putting some money into it otherwise, like anything else, that you don't understand you're going to be in the 96% of people that buy high and sell low. That is what you will do with Bitcoin. If you don't start to understand it, So watch Gary's show by a little bit. You know, I was talking to my neighbor Last week. He came over him and his wife and he 70 so he's a little bit older than me. And he played he day trades all the time. And I asked them I don't do my state trading. I said, I'm pretty much been investing in Bitcoin. The unit goes Kids air into it. You know, they're 40 his kids and he goes, But I'm not into this wagon. You have They been telling you about it. How come you haven't messed with it on a ghost? I don't understand it. And I can't invest in something I don't understand. Which is exactly what you're saying. I think that's absolutely right. Yeah, you do a lot better when you understand that, you know, real estate. If you understand the neighborhood and even better understand the block and understand the neighbors, you're going to know whether to buy that building whether to buy that house. And with stocks, you know, if you if you got attracted to Tesla's because you saw the price run up. And you're buying Now it like 1300 like It's very, very poor risk reward trade. It might go up more from here. But you know, more likely you're buying, you know a to least a local top, whereas if you've been following it all along or contributing to it all along and kind of been a been a fan boy since 2010 or something like that, you're much more likely to understand where you are in the cycle of a stock of an asset. On understand what the potential future value is, You know, like my own, not investment advice, But you know my own calculation is, you know, I think there's probably like a 75% chance that Bitcoin goes 100 X from here in the next 10 to 15 years, so You know again when you think about the asymmetry of that, and being able to, you know, put 1% and I'm saying like there's 75% chance that's going to double your portfolio versus losing that 1%. You know you're responsible for my own personal calculation. It's it's off the charts. There's never been an asset like this because we haven't seen the monetization of an asset. In real time. We haven't seen the modernization of hard asset that has potential toe last really since gold. So it's 5000 years ago. I want to go back to swaddle of it, Which everybody listening is are watching Is that swan Bitcoin dot com We talked about how people can buy weekly monthly how they want for as little as $5. I think if I'm correct investing in Bitcoin Yeah, One of the things I like about Swan is people have a hard time understanding the whole concept of wallets and doing all this When you're getting in the Bitcoin at first. That's what complicated. I gotta buy my Bitcoin and I got a store My Bitcoin and I got all these new things that I've never done before. But a swan taken by their big Quinn and said it happen automatically. Go into there while they control automatically. And then they decide to move it off. There's somewhere else or store it for themselves. They can do that Also. Yeah. Yes, it Zawinul ready? Kind of thing. You know, I I bought my first Bitcoin and it was a custodial solution. And later I figured out you know, I want to move this off. I learned how to do that. And I didn't. Don't really recommend that everyone like unless you're really into Bitcoin from a technical perspective right out of the gate, and you're reading the white paper and going deep on while it's in all these complicated things. You know, it doesn't make sense for a lot of people, especially, you know, have aunts and uncles all over the metroplex down by you. You know, I've got one so far that's doing self custody thing. All the rest are just using our custody solution for now, you know, and they may just do that indefinitely, and that's totally fine. My mouth. Think I'm nuts. They're messing with that at all. But I also want to make sure but he knows that I'm going to say I've got an affiliate link for you here where you can get $10 of free Bitcoin. By using swan. So just go to my affiliate link. Very leland dot com slash swan as Debbie a in sign up, you'll get $10 worth.
KFI AM 640
"two ago" Discussed on KFI AM 640
"With no King, Queen or Jack Breathe. Indy Milling describes herself as a Dutch card fan. She says she was explaining a game to her cousin's last summer when she asked herself why a king should be worth more than a queen. The forensic psychology graduate says the subtle inequality of the face cards is another way of saying You're less important. So she created a genderless deck in which the images of a king Queen and Jack were replaced with gold, silver and bronze. She says switching Dex could take some getting used to, but she's sold about 1500 packs around the world, including the US Michael Closure. KO Phi News. Let's take a look at your drive on the 22 City of Orange 22 eastbound just for the city Drive is to crash it takes with the two right lanes. You can expect that delay to begin right around Harbor Boulevard Marino Valley to 15 north before East Ridge Avenue wreck here with one car center divider, the other right shoulder so that stops things up right around all the Sandro K A pie in the sky is sponsored by injury. Attorney Superwoman Super Lawyer Calm Jeff Bob, the Santa Monica Freeway that, Jake Good morning. Thanks blood just right along with you, as promised. If you win this last time around now we had a whole bunch of problems actually under west Santa Monica, the latest of which was reported at library, But we went all over out there and really nothing. So it's good news for you. But it is slow. My goodness from East l A all the way up to Western Lake is just one of those slow morning drive South found four or five coming out of the valley that was in fairly good shape. Really Not bad by born in Dr standards, but the proper over now, and it's clearing. The Anzai speech is a good time in here. It's westbound Ventura Freeway past Quarrel. We had three right than the two right and only about 30 seconds ago. CHP officer moved everything over to the right shoulder. Now it is backed up on the westbound 1 34. And that starts well, little bit past Hollywood way Big news, riverside Drive and get on at corps water to the West. One of one you're all clear and on your way injured in an accident visit Superwoman Super Lawyer calm Jeff are okay if I in the sky You find this guy helps get you there faster. I'm robbing banks, Clippers locked their fifth win in a row. Defeating the Sacramento Kings won 15 96 and coach Ty Lue says.
MYfm 104.3
"two ago" Discussed on MYfm 104.3
"I'm just reading this Texas. It came in about 30 seconds ago. My kids and I love your show we dot dot dot Never mind as you exit the stage, my friend. This moment is entirely yours, John. You take it away. I don't even know what happened. I thought I said John before, but okay, congratulations. John. None of us know what happened during that round of battle of sexes, either. Just no. Just speak confident to know that you were here. You were part of it. You'll go down in history Giant as being part of this battle of the sexes, They said. I had a great weekend and appreciate it. Tony Jordan said by she's the morning traffic. Tony what's going on? There's double trouble for your drive on the 10 Freeway, westbound side As you're coming up on Soto, they'd run a traffic rates clear their passion. The two right lanes, but looks like the right lane is still blocked. Off is a wrap things up so the traffic is heavy from just before the 7 10 Freeway. Then in Covina on the eastbound side of the tent just before you get to grant that crashes, blocking two left lanes and traffic is jammed up. But you coming away from Azusa, If your second either one of these problems you can call me on the traffic tip line, pound to 50 on your cell phone keywords, So count traffic. If you want to avoid both of these problems, you can use the 60 freeway instead. That looks good for you in both directions. Wrapped up with both the crashes in Orange County south bound side of the four or five overall lanes. There have been reopened. Traffic is a so pretty busy from just actually is going to slow down just before you get to brokers, and that's going to stay slope head all the way up towards the 1 33. Ended on the South bound side of the five freeway. Just we get to jamboree. That class has been cleared from the middle Lane's have against half from the 22 eastbound 22 is now busy from Brooke Hearse over towards the five Freeway. This traffic reporter sponsored by Choose Change, See a DOT or G'kar. Awake over 19 stop you from choosing a proven treatment for your opioid or stimulant eviction. Virtual care options are now available two's treatment and choose change. California find the right treatment option for you at choose change CIA dot or I.
Newsradio 700 WLW
"two ago" Discussed on Newsradio 700 WLW
"To my colleague George Stephanopoulos a second ago. As protesters are now facing off with heavily armed police that have taken up positions at the base of the capital's surrounding the building to try and form some kind of perimeter to keep protesters out. Don Maha Lick formerly of the Secret Service and an ABC News law enforcement contributor. It's hard to know the status inside the building. Do you do you think by now they've been able to clear it. It's hard to know it's a huge building, as you know. Well, no. Aren the capital multiple car doors, rooms, basement sub basement hallways? You know, it's a clearing nightmare for law enforcement, and it's going to take awhile to truly clear it. To make sure it's you know, the people are safe that there's nothing suspicious inside the Capitol. Those flashes we saw earlier could have very well been flash bangs being used by law enforcement to clear areas. That's what it looked like. The gas coming out potentially was either CS Gas tear gas what's commonly referred to or potentially a pepper spray type type device being used to move the protesters down? Um, you know, I think the clock ticks toward the curfew hour. It's gonna be very interesting to see how this all unfolds and how the curve you is enforced if it is enforced and how that compares to what went on in the summer time where Points in the summertime curfews, work. Curfews were ignored, and people allowed to stay and other times they weren't so it's gonna be very interesting to see how this all plays out, but it looks like crowd, at least in the front part of the capital is calming down in the Capitol Police are taking control of some of the upper levels of the Capitol building. It does seem like it. Yeah, I'm looking now done and 12 and news radio 700 wlw. Good afternoon. I'm Matt Reese. We will continue providing live coverage from ABC News. On the assault on the U. S Capitol this afternoon. Unbelievable. Multiple officers were injured in the violence of the capital, according to CNN Don't have many more details of the Nath, the attorney general of Ohio among those reacting and posting tweets, Dave Yo saying, the color of your scanner the slogan upon your banner do not change what is acceptable and what is not let all of us in Ohio remain peaceful. Do not let us sense of injustice produce more injustice. Yos goes on to say the rule of law means the same rules for everybody. Those of us who called for prosecution to the people who stormed the federal courthouse in Portland must apply the same demand to those who stormed the U. S Capital today. Cincinnati Business Courier reporting in a tweet and minutes before armed rioters stormed the U. S capital today. Cincinnati Councilwoman Betsy Sunder Man had abstained from a measure to light up City Hall on January 19 to mark the peaceful transition of power, also from city halls. And I David Man Council member who is also a candidate for mayor, saying today is a sad day for our republic. Democracy is vital to our country regardless of your beliefs, David Man writes. Our differences are always settled at the ballot box. Not with violence. Kentucky Governor Andy Bashir calling protesters at the Capitol domestic terrorists, the governor of Tennessee says the violence happening in our nation's capital inexcusable. The governor of Illinois J B. Pritzker, saying Donald Trump. These are his words. Donald Trump has incited a violent coup attempt, published a report with the leadership of the protests and open up a dialogue and a line of communication. So the protesters Voice what their objectives were. And then we could tell them what the expectation Woz and then they could tell us if there was problems showing up in a protest, But he's got a hand of show Somebody showed up that didn't belong there, and then they typically would ask for that individual to be removed. I think these days that type of coordination is not occurring the way it should occur and trading situations where No violent agitators are showing up with these protests on, you know, on the rest of the protestors show thinking they're going to champion their cause. And the next thing I know bottles, bricks and things were getting thrown at the police officers and out of the melee that could have been prevented with closer coordination. Vice President elect Kamila Harris, just weighing in a couple of moments ago, he she says President elect Joe Biden. She joins him and calling for the assault on the Capitol and our nation's public servants to end And she says they have to allow the work of democracy to go forward from where I'm standing. You.