20 Episode results for "Two Billion Dollar"

Portugal's BCP pursues Mozambique in latest case over $2 bln debt scandal

Newscast - Africa

00:59 sec | 1 year ago

Portugal's BCP pursues Mozambique in latest case over $2 bln debt scandal

"You're listening to the news at this hour on Africa. Business Radio Banco. Commercial Portuguese has taken legal action against Mozambique becoming the latest bank to pursue the Heavily Indebted East African States which has been embroiled in a long running two billion dollar debt scandal filing dated April eight shows. Pcp has begun proceedings in London Colt against both the Mozambique government and state firm was on big asset management related to general commercial contracts and arrangements. Also be. Cpi is been represented by an your law. Mozambique's Attorney General's Office did not immediately respond to the request for comments on Thursday. And that was the news at this time on Africa Business Radio you can continue to listen live online at. Www Dot Africa business radio DOT COM or fire arable APP. Thank you for listening.

Mozambique Africa Dot Africa Mozambique London Attorney two billion dollar
ADB to support member nations fight against coronavirus with $20bn dollar package

Newscast - Africa

01:02 min | 1 year ago

ADB to support member nations fight against coronavirus with $20bn dollar package

"You're listening to the news at this hour on Africa. Business Radio the Asian Development Bank. Monday said it's bill roll out of twenty billion dollar package to help develop member nations weather. The economic fallout from the virus pandemic. The phone represents that tripling off a package announced just a month ago which the ADP decided to boost as the skill of the contingents impact has mushroomed in statements. The Banks Preston's Massu Asa Cower set the scope and the skill of the crisis makes it imperative for the ADP to expand its support up to thirteen billion dollars in loans to be made available to help virus. He'd develop remember fall in budgets gaps with another roughly two billion dollar sets for the private sector. And that was the news at this time on Africa. Business Radio you can continue to listen live online at. Www AFRICA BUSINESS RADIO DOT com offer a mobile APP. Thank you for listening.

Africa Asian Development Bank Banks Preston thirteen billion dollars twenty billion dollar two billion dollar
477. News: Disruptive innovation - Goldman bets big on BaaS

FinTech Insider

1:02:25 hr | 7 months ago

477. News: Disruptive innovation - Goldman bets big on BaaS

"From eleven of us this is fintech inside news. This week we bring you goldman. Bets on banking is a service british banks. They bush despite lockdown take two aunts. Record-breaking is has been blocked by the chinese regulators. All this and more on today's show before we start. We wanted to let you know how you can stay ahead of your competitors with our brand new competition. You and your team can win free. Eleven s post licenses for whole year. Eleven invest pulse gives you access to over three thousand six hundred usa jenny's for more than four hundred and thirty brands across finance fintech and digital technology whether you want to analyze benchmark. Oh build customer centric finance propositions pulse gives you the tools to do that head to info eleven of us dot com forward slash post competition to get involved okay. Let's start today. Show welcome to episode. Full seven seven of fintech inside. I'm saka jansky and today. I'm joined by my colleague and co host for today sam wall. How're you doing sam. How are you holding up over the three of the. Us election awesome slept last night. Took like eight sleeping pills. So i feel great to see him up. I'm very glad you're awake and with us after that many all right. Well we'll we'll try and stay away from it as much as possible. Give you this as a bit of a breather. Thank you so much for that. We're joined by some awesome guests who are joining us remotely. Today i up making his fintech inside. News debut mike douglas. Vp of strategy at galileo. Welcome to the show Thanks for joining us. Mike at whereabouts seller you minute states. Little early as i'm i'm based salt lake city it is it is almost ten. Am so. i don't have any excuse to not be awake. But i've got a good kind of fifteen twenty minutes under my belt hopefully should be speaking coherently at this point. Well i'm glad you didn't take as many sleeping pills a sound last night. So you're with us. And you're wide awake brilliant. Thank you for joining us Also making a welcome ten at from her new role. We have emily nicole. Fintech correspondent at financial news. Welcome back emily. How are you doing doing great thanks. There's always yeah. I haven't been to london's his march. I assume still there. I mean yeah. I mean in one. Pesos will Going down so. I think everybody tried that. Hardest to mess everything up as much as possible in the final nine osa circus. But i've i have seen the pictures. Look like it. got a little messy out of there. I think it did by citing inside is good. Yeah yeah that sensible. Or i will without further ado. Let's get started. So the first story is this goldman's bet to break into a thirty. Two billion dollar industry serving the world's biggest corporations so fem is just really software that allows clients to embed banking services into the products as part of pushed break into the fifty two billion dollar a year industry managing cash for big corporations by connecting directly into goldman's cooper platform clients can open accounts quickly and take advantage of the bank's automated payments program which it created for itself as client the quote here from harry movie. I believe that's pronounced right at goldman's global head of transaction banking. They said there's this butterfly effect that can hit after we roll this out. It allows us to at clients of our clients allows us to seamlessly integrated in the fabric of banking and corporates the transaction banking effort which officially launched in june earlier. This year outside clients has already gone at twenty eight billion dollars in deposits. More than two hundred clients so mike. Let's come to you first on this. Your banking service providers cells at galileo. So what do you think this. Move by goldman. Yeah absolutely so just to kind of kick this off. I think it's worthwhile reflecting on kind of a broader industry trend here which was outlined at quite quite well by simon taylor on eleven f s in the article covering this move. Would i'd say here. Is that the industry context worth noting. Is that there has been a long-term massive mismatch between the quality and usability of banking software. It and corporate other it services and software almost to the point where it feels like the millennial the first time they have to fax in a medical document to a medical provider and they're kind of scratching their head wondering what decade in on the banking side with. This looks like as you have these batch interfaces we have to do load processing. Fortunately we are starting to move away from added into more kind of api based interaction model. But it's more than just that makes me to do. They need to make sure that their api's our intuitive kind of logical kind of input outputs in well-documented and as goldman has done is. They've created a developer sandbox which really let's at their clients test this out in integrate. Well too so. I think this is part of very kind of positive. Favorable industry trend for goldman specifically. I think it makes a ton of sense There's there's a lot of money here. And that's they know on a standalone kind of pnl basis. This move makes a lot of sense that said there's also a lot of data and learnings that they're going to be able to generate from this that they'll be able to leverage up for other things that they're trying to do in the banking space. Yeah i mean goldman's been doing some interesting moves across a lot of areas that aren't perhaps traditionally goldman spaces and this is just the latest in line of those as well so goldman's kind of proved itself in recent years of being quite quite an innovative based insofar as one can cool at bank of that size. Innovative company Some did you have anything to add on that. I'll tell you Right now in the Speaking for the us banking as a service is hot as it comes even ahead of buy now pay later shockingly right because everybody seems to want to be by pay later on but banking as a man. When this story broke my in box filled up. I probably had six emails from executives at different banks of all scale to by the way Saying a maceo just shot me a email saying what's our strategy which did make me smile because i'm like. Yep you're behind. i'm sorry. I don't know what else to tell you In just to put this on a different scale a non end in michael. I don't know if you saw about two days later radius. Thanks that hey we're doing this to. We've had a really good. We've up our game. Now comes as banking as a service. Michael smiled at because he does know how it is interesting right. So you've got a company that was lending club right that bought a radius bank and they came out and said we've improved our services tune. It comes into the space so this is a play at all scale. But when he's about someone is the scale of goldman. I think they're gonna do great but this. Yeah i mean. I know about the banking as a service trend. I think if anybody in our industry you kind of have your is close to mr over the last twenty four months is it interesting. Goldman's going into transaction banking with this. I rather than because a lot of the propositions we've seen thus far at least that i've seen on. I'm not an expert in this area have been almost consumer facing so banking is a service platform that lets dead. Parties enable customers to account or get a credit card through them. is that much in the transaction. Space made sounds like mike. Give him what you said about faxing medical reports but does anybody have a perspective on that or whether takes the right place to start here yet. So i guess maybe to chime in here. What i'd say is a lot of time. It's it's these back end. Things that are less consumer facing are more antiquated and have more upside room I think there is actually something really interesting. Here that goldman's tackling it's got Incumbents in the space and i would categorize this for this particular kind of use cases potentially call it a disruptive innovation and apologies for the buzzword here but the reason i say so is typically what happens with disruptive innovations that you have someone new who comes in and rather than just doing the existing set of services better than the existing providers. They actually add a new kind of factor of competition and a new kind of vector of differentiation. A lot of the existing providers. They focused on the two core value. Propositions one is around this kind of liquidity and access to your cash as needed and the other is more around kind of this return optimization relative to kind of risk and duration considerations of of what you're investing in and i think goldman can can match what's what's being done by the existing incumbent on that on those factors but the new kind of level of differentiation that can add is just this ease of use and flexibility of what they're offering their clients and that as they as they really kind of unlocked that i think they're going to gain a lot of market traction in this space and as noted in the report in pull the other by eleven s. I think there's a lot of upside for them here. In this specific use case sound. Did you have any any further thoughts to add to that. Yeah the one thing i would add is. It's interesting when you look at goldman because you know obviously shook. The industry up made a ton of noise. When marcus first came out but marcus's what four years old. Now if i did might sam maths right which is usually wrong by the way. But i'm somewhere in the region there. It's it's a couple years old now and they've done a lot of products but they're also going through a bit of a personnel shift in some folks have moved on from that original team At marcus so i find this interesting that you know get announcement like this and you've got another shot fired across the brow if you will From from goldman They're proving that a very old dog. I think they were founded around eighteen. Sixty three from memory Condemned innovate nygard. Michael well done on on their side of continued impressed by senior. Do you think that they are the most innovative of the biggest banks in the us. Or globally ooh in the us manasseh. Good question that's actually a really good question sarah. Why would you do that to me. I didn't you sleeping pills last night. I already told you that man people for a living. You know what. I would say right now as far as from a to b while we don't have stages anymore right If we had conferences again. And you had the really cool people that ron stage wanted to goldman right now. I would say that yeah. I think they've done an excellent job. i would say gp. Morgan is definitely done a lot though. I can't forget the power. That jp morgan has As the industry leader. I think when it comes to bank it had still would would look at jamie diamond at chase and say they're still the beast to beat right now. I think it'd be fair to say that. Jp morgan and goldman are looking at different areas. Which is quite sensible if you think about it. Okay see jp That huge retail business. Which makes sense for them to keep an eye on mike. Did you have any concluding thoughts on this one. Yes i actually really like this kind of move by goldman sachs for a number of reasons. One of which is the value diversification for them as kind of a player in the investment space. You know they're very excellent. This kind of thinking around optimizing risk and returned in constructing a portfolio of optimally on correllated sets of risks. That you're taking. And i think this fits in was kind of that broader theme of what they're trying to do here of of pursuing an investment channel that will be relatively correlated to the success of their core business and provide some kind of de risking the core enterprise diversification we all know that businesses about diversification of revenue. Particularly at the moment. I would say It sounds like quite positive on that one but we will obviously keep our eyes on it so onto next door today. Banks state bush despite listening pandemic in particular. This is an invitation to the uk. The uk's largest banks so leaders of large banks positive about q. Three results across the board pointing to improving economic forecasts. Better than expected consumer recovers and robust capital buffets which lead banks in a much stronger position than they were during or just after the Eight financial crisis charges for badlands slumped in key three and trading revenues boom which prompted many european and upgrade their earnings forecasts so some specific numbers and interested We have not west here in the uk at reported an eight million pound loss in q. Three twenty nineteen and the bank was expected to post a seventy million pound loss. This quarter it actually posted a profit before tax of three hundred fifty. Five million pounds wonder about their accountant effects. Different that's interesting ball. Cookies at forecasted key three prophet was around two hundred million pounds fund results with six hundred ten million. Hsbc on the other hand cooled parts of its poor performance not acceptable on its profit. Went down ninety six percent year or the year emily. I think you've probably got some folks on this one. Suspect you've been looking at nothing else for for the last couple of weeks but these numbers. I chatted one of your colleagues on newsroom. Adam this week about will these things in. It's kind of everybody was expecting some pretty bad numbers from the bank secrecy. You hey in the third quarter at yet. Almost every everyone surprised and largely that was because most banks if they were passing away high provision. Too bad loans during this Obviously because the pandemic that was then some rouse by revenue-generating mostly in trading bank at babe's they had a really good coach of the sales and trading division and then elsewhere as well if the impediments abbad lines coming in ready they would lower it in previous courses so overall it was like a bit of a surprise for most of the just mentioned most banks also beat boston nine estimates from analysts just i've rural and proficiency Smaller than we thought they asia's species the one exception to that so it was a pretty good actually thinks is. Do you think that it's actually just delayed though and putting off the inevitable because here in the uk we've seen some numbers over over the past few weeks. Get this wrong. You might get better to correct me. But i'm fairly sure that unemployment is forecast to hit about eleven percent or sub. Think the full. Christmas which i may be blakely not cured but the point is the unemployment is forecast to rise quite dramatically in the next few months. We do now know that. The government Furlough scheme is what we have here. In the u k which had the government basically pays subsidizes at which wages employees who on unable to work because the government has imposed restrictions. That will continue until march But that on the other hand we all now sitting in a four week lockdown here in england Which means oodles practically shots. Travelers off again Entertainment thing to do you. Think the actually got the numbers roland. It's going to be q for q one next year where we're can see the big dips in declines or the negative results Yeah i mean. I think i don't necessarily think it was the analyst circle. The numbers wrong. I think that may be banks. Were preparing for a better key. Full q one than than what we think. We're now going to get because everything was kind of full cost the gdp to be rising by the end of this year and now even the bank of england said in that monetary policy statement on thursday. The the key full. Gdp is now to be really bad in overall. Beethoven's twenty it's going to be about Decline an any kind of recovery. Any kind of growth from where we're now is gonna come until next year. So it's definitely in my opinion anyway. I think this is going to be a one off the banks when not Report such numbers that it's improved incapable or he won because like you said as well with the support schemes. Now being extended bases are now also able to apply for top pop. Lions from the government was white while from bank supported by the government which means lending is going to increase but also the probability of bad lines also going to increase so that going to have to decide more money for those lines in the future as well. So it's funny. I think a bit of an equivocal to and we haven't even mentioned the b word. But i will sound speak. We'll just leave. Beware to one side. We've got enough to worry about today. Nobody words we will not use the word you know and then you top this everything that's happening in the us. I mean in the reality is the banks in their earnings over here. All incredibly well you know. They had when when you look cute to the loan. Loss provisions at the banks were thinking they were going to have to do and then you look at the earnings reports that they gave out for q three. You know pretty much across the board all of them did stellar however in you just take a snapshot of today in the us or day. Three day three thousand can't tell of the presidential election you know we're still waiting on results will say how long this takes We had one hundred three thousand cases of covid in a single day yesterday. Doing really well on that front. So you know there's so many unknowns any less and that just to make it even more interesting. Because i had done it strand this earlier you've got goldman who has gotta find somewhere ranging between four billion to ten billion dollars a settlement. You've got chased the head. I think it was not hundred and twenty million dollar fine. They paid off. You've got city that had to pay the regulators four hundred million dollars in a fine. Imagine how well they would have been doing if those fines heading stacked up. Either you know so. It's just very interesting and volatile times in the us also so q four in going into q. One of next year. I refuse to make any predictions. Thank you for not zoning there is. Anybody asked me no. I won't go there all right. I won't. I won't come to you for the annual blog post. Emily have something on that. Yeah i just. I was gonna say i think it's a very good point to make about the us uk comparison here as well because yes Surprised the pretty much older focused amendment point towards the dollar declining strengths in which is on again too bad news for the us banks while actually might be positive news. The uk banks because most of the trading divisions in uk banks and uk stocks. Do well when the dollar is strengthening will fooling they can move either way with it whereas in the us it doesn't really benefit that when all of the businesses is losing its value across the world. So i think while we've been able to say you know. Jp-morgan's done brady wellness with his trading division full-year revenue is going to be pretty high the from that specific division. This idea that's not predicted to last over. The next day is especially with the unpredictability of the election. As well and one thing i should add in at that is is a silver sliver of may be good news on now that It's just not a presidential election going through lot of house and senate seats at risk. Come up and the Senate majority leader mitch. Mcconnell secured his reelection in came out at least the next day to say the number of our number one focus in the next month will be on a second stimulus So which by the way. It was a hundred and eighty degree. Turn on what he said about two days prior to that but hell. I don't care The fact that That has come back up and that there's a recognition on hopefully in dc that some sort of stimulus package is going to need to come out on to address the impacts. kobe economy to me. That's a silver lining. Yeah we'll take them where we can Mike did you have anything. You wanted any final thoughts on this before we before we take a quick break. This is an area of in terms of evaluating across the pond bank earnings at a relatively less familiar with I do think you know amidst all the turn that is going on and it's code mixed election. That's all that's going on. i think this is. I think it will prove to be an opportunity for the fintech sector. We've seen you know. Really the fintech phenomenon got its start in the two thousand eight aftermath of that crisis and there are a number of things that have happened because of cova whether that said accelerating the shift to digital as well as it no accelerating as well the willingness to can move away from traditional big bang models. And look you know kind of newer upstarts that i think will prove to be continued then for the fintech space. Yep anything perhaps. Another will be The bank says we've just said have recorded across the board very good results. If i have across the board certainly in europe announced huge job cuts and they on never people's favorite organizations. I suspect this may For the count against them a memo about may drive more people to look for alternatives. That is just taking something that did happen in two thousand nine of not happen this time but just looking at the press. Today people rather unhappy some large banks in the uk all cutting a thousand jobs when they've made hundreds of millions of pounds worth of prophet. So i think the summary of our sponsors there which is not really sure what will happen next. We think this isn't a normally but we'll come back to you again in q. Forward and see what happened and nobody is going to make anybody make any predictions on that note. We are going to take a quick pause here while we hear from our sponsors. This episode of fintech inside is brought to you by mitek combined. The world's best forensic experts with the industry's most advanced technology. Only mitek delivers banking grade identity. Verification with the highest possible assurance levels massively reducing risk fraud and costs discoverable. Techsystems dot com. This episode is also brought to you by jack. Henry digital a pioneers of personal digital banking there reviving the vision of financial institutions being on a first name basis with customers by offering a form for personal cumin sentence at this puts the customer fist. You customers experience. Immediate s ability while your employees get cloud-based cool connected tools to offer service at the moment of need to learn who explore the team's latest insights jack henry digital dot com. The banking business model is broken. The question is how can we rebuild it. Embedded finance presents multiple. Ged but banks to play a new role in financial services ecosystem offering more revenue streams lower costs and higher margins our new report better banking business models embedded finance and the path to growth is a must read banks considering the smartest nextstep head to bit dot lee forward slash banking service to download the report the free but bit dot l. y. forward slash banking as service. All one word all lower case. Okay thank you for that on the show so our next story takes us to another country yet again. this is that groups. Ipo has been blocked in shanghai. So china has suspended the fifty seven billion dollar listing of ant group which had been set to become the world's largest ipo one day after regulators. Grill jack ma who founded the company as we covered on. Last week's show was set to list on thursday. Shanghai and hong kong in a record breaking the shanghai stock exchange says in a statement. Mr mall had been cooled in for supervisory interface. It also said that there had been other major issues including changes in the financial technology regulatory environment last week. Jack ma ranted about the big banks in china claiming they have a porn shop mentality. it seems to have provoked the regulators into making changes that will impact his the people's bank of china and china banking regulator released new draw regulations online lending on monday which oblige and to cap lanes the equivalent of forty four thousand eight hundred and forty three dollars or one third of boras annual pay whichever is lower fund at least thirty percent of every single loan. They needed none. Before and cap leverage at sixteen seventeen times capital. the rules could also make issuing lanes across the country's provinces harder and analysts. Say they may dent and bottom line. Is they lost week. Who was on the show and as someone who's been a close follow of group won't does His reaction on the new development. Let's hear from him now. The sudden shock move of the chinese regulators. And the people's bank of china to block the ipo of and group. The biggest ipo in history may surprise many people but it is not surprising in that. The interests of commerce in china has align with the interests of the nation's policy makers and that is really a giant malls comments caused issues because he was basically claiming that the regulators don't regulate for innovation and development they regulate in an old people's way to manage risk. And it's being pointed out by many since he made that speech he doesn't understand financial markets and the way in which punish monkeys need to be regulated and more particularly. That group has been Riding on the back of regulatory arbitrage to make profits by lending billions of dollars But never taking the risk on their own balance sheet so between these two things The way in which. The statements were made And the fact that on group is managing between the regulations on the system and the banks It didn't go down well so it's not surprising really that the ipo has been stopped. Is it consult. no it will come back probably in six months and maybe even bigger by then. So let's wait and see. Okay so what do we think that do. Do people agree with chris festival. I know when. I first heard the story. I had a one word summation which was damn. I mean just you can imagine jack ma onstage saying this in feeling really good about himself and his handlers on the side watching their phones blow up with calls of the equipment you know you are now going to the principle's office it is. That is a sudden shift in attitude when it comes to the chinese government in the regulatory side on this is jack. Ma is a bit hero worshipped. Obviously it's an incredible story to go from being a teacher to after this. Ipo probably the richest man in the world or close to. so i was. I was pretty shocked when it happened to be blunt i would. It caught me completely off. Guard and i It'll be interesting to see if at some point in the near future. You see jack ma behind a microphone offering some sort of an apology. We'll see emily. Yeah what do you want to add to that. I mean so today with day. Reuters wrote a really good article about looking at what happened. Behind all of this they spoke to numerous officials insiders and people within the records To kind of get an stunning. What happened here happened when he decided to go to sail that stuff on stage in basically district Enough and then expecting his ip. I still while basically must be saying that they think he exercised a bit too much. Cheaper the sky and he should have been moved. He should have expected more this to happen. Really when if you if you outright claim your regulators not doing a good job despite your company entirely benefited Allowing you to do your good job in the deck and there was also some really interesting stuff in there as well about how. Actually he's isn't the best time that he's kind of made his way around regulator not really paid attention to the rules wrote his alleged. The with Swells management business. The regulators really wanted to hold some scrutiny on that and he just kind of decided. While i don't really fawzi going through any of those prices Made his way around them to get that. Oh i said the crisis prediction that it was it's gonna come back even bigger I in the schedule of that hearing that from. Yeah i mean it's like why would you poke the bear. Your belts become the richest man in the world. Why would you poke the bear. I just. I don't really understand his decision. Oh i didn't know you both go samuda. They're not combat. You emily the keep it really short. It's interesting about Jack monitors persona though right. I mean you've got a guy. Just google jack on on on youtube in google michael jackson. Jack ma you can go home basically anytime you did a major on talk. His organization is is a larger than life type. Individual is a great success story if you will for china But at the same time. I i think emily's point about biting the hand that feeds you. A lot of that. Success was due to the chinese government regulatory side. More or less saying and this one's going to be a winner so I think they do have a major impact on what is going to come next for them. In how successful. the. I kinda agree with emily. I'm not sure about them coming back bigger coming out of this yes i mean i think it's i think most people have even half an eye on what happens in china would suggest that if the chinese government chinese regulators are not very happy with you. It doesn't really bode. Well generally speaking. Emily did you. Did you want to make that point. And then michael was just that i think i think it might be a bit of a case of Getting a bit all day. He stepped away from the day running. boban you might be thinking a bit more relaxed about the whole process and so now the group is one of his main focus at least for the rest of this year is just kind of thinking. Maybe thinking things as clearly throws he should do. And i'm just kind of thinking that he's got sway when will be doesn't have as much as he thought he did. That makes sense. I suppose of the prince philip syndrome. I say what i like. Because i'm old it's fine. I've been there done that mike. Sorry coming to you next. Definitely a foot in the mouth. Moment for jack ma but maybe abstracting a bit away from specifically the you know what's going on with an i think it really highlights something that's in just super key to keep in mind with with kind of china as well as a number of other kind of jurisdictions in regimes within the kind of asia specific areas just the premise of the regulator and the viability of your business And in some of the uncertainty that revolves around that Certainly galileo recently acquired by s-o-f-i we also at recently acquired on eight securities hong kong. And this sort of regulatory uncertainty and making sure that you're kind of well aligned to the various kind of regulatory authorities is absolutely paramount in terms of making sure that we're set up to succeed and i think of cool in the uk. We can perhaps get a little bit blase because our regulator here is is quite nice to us and actually quite wants to talk fintechs and find out what should be done next. If it's going to bring in new rules it tends to think about. Who should we talk to to see how those rules will impact. They'll have you know we should get some fintechs into discuss it and we can produce some guidance. I think maybe we get in the uk a little bit comfortable. And then we'll see what happens in the rest of the world and you think oh the regulators are necessarily as friendly and other places as we have here or as forgiving in. I couldn't possibly speak to that. Does anybody who fought a points in this shall light. Shall i made us along. I think didn't jack step down. And he said he's gonna go back to teaching. Remember right when i remember. There was a story about that that he was getting ready to. He talked about in. Toss those ideas around. And i'm wondering if you know he's looking back at it and going damn it should have slipped into that. I'll go before we air that. Let's make sure that story but i'm almost one hundred percent confident as chew in the united s- remember his berry berry. Huge birthday party was leaving alibaba. Hide that whole stadium for manages event. Like i think. I think he's just such a big figure in china also. Globally is a bit like that. Stop child and say he didn't think he was gonna get hurt. Yeah yup last for your kids you can always be told off you can always be told off by themselves at incharge. Everybody reports to someone. Everybody has a boss everyone or let's take it back to the us fast. A startup backed by stripe as apparently been discussing a billion dollar valuation so we may not have left hubris behind just yet because phones is only two years old. It's technology enables quick checkouts on nine and apparently it's in discussions with investors about a new round of financing between fifty million and two hundred million dollars but could value the startup out as much as one billion dollars so fast aims to sold the need to create a password and input payment information every pet just from a new site when shopping online in september the company launched fast checkout to enable online shoppers to pay for goods from any website using any device without a pulse would so say my dear as amazon's one click feature really Volcanology is free minds but the company charges says transaction fee of around three percents to process payments. It's a motor competitive so pay check out aspects seminar. You could apple. Pay google pave sherifi. Apparently they're of the startups at partners Which i don't know myself. But i'm that's another competitor in this space which is also created software to enable a single click checkout process on the discussions come only one year of the company raised only two point five million and that was just a seed round and seven months after it raised twenty million in financing from stripe at evaluation of one hundred eighty million dollars. So what do we think. Is this realistic. Who do we think. We have a somebody in charge. He likes to generate headlines. I don't know the company. So i actually can't speak to. This is just fascinating the covert we say this constantly cove is an accelerate right. It's an accelerated when it comes to digital banking. We've seen numbers from chime in money. Line borrow and everything else challenge for banks here in the us. That done incredibly. Well we've seen digital account opening for the major banks go up and we've seen retail just get absolutely hammered In some cases right those those retailers were ready did incredibly well home depot for example walmart target. You know where you ordered by phone and drive up in pickup. I have to go in store that type of concept they did incredibly well invested in technology and are ready for it so i think especially with everything around co bid companies like this are going to get a ton of attention Flat out. this is the hot thing right now. speaking specifically for the us. I jokingly talked about buy now pay later but it's the same with this right. Anything that simplifies. The shopping experience is going to get a ton of attention They this story though is just like their name. It's fast mesic quick periods on to get an evaluation in investment. Like they're seeing. So i'd say that's not it makes me slightly nervous. I mean i've i've never been able to understand fintech valuations. I have to tell you that the size at which they go and who gets what. I've never quite made a lot of sense to me. But i'm not an investor writer. Vc firm. so you know. What would i knew mike. What are your thoughts on this. I haven't really kinda fascinating moment reflecting on this story here. galileo twenty years ago and just recently had it's just slightly above a billion dollar exit here to see a company do this in two years. I mean hat tip that they could beat us by an order of magnitude in terms of total speed to to that kind of outcome. But i think it really speaks to if you have good product market set and then to sam's point if you can really kind of position yourself well and you've got your surfboard in the water right when the wave hits eight a code has been massive kind of windfall for this company in terms of being well-positioned for for you know kind of trends that are going on right now. I may michael about it in an emily and sarah. I mean in december. If i told you zoom was gonna be worth more than exxon mobil. You would laugh my ass right off this call you know well. Is it an extent. Yes but what i was gonna say is that they face such stiff competition a. That's that's where. I struggle with this like i. I completely agree. That companies are well-placed of done incredibly. Well but i can't think of a company to appoint about zoom. I can't think of a company thought was as well placed zoom to do what it did. We all know about skype. We've all tried to use skype Head against the table Google hangouts is great but the functionality slightly more limited there could add more restrictions on using it on other other platforms out there as well. But i just feel with this. That newer notice well established. I don't really know the brand. I do know pap- house brand do amazon's brown a do know google's brand. I have no doubt that visa to caught are working on this as well amex. There's already something similar. So i just don't buy that. They could get that big but quick with an idea. The in a civil saturated and i can't see a win which they differentiate from the others. Maybe there's something missing emily. I'm gonna let you comment on this before. I just continue ranting. Yeah i mean. I'm just i'm trying to remember. I may have double check the Why it's not correct but one of the big payment giants. I think i'd be almost. God is actually also take taking a state recently in both the company that we mentioned at the top. And it's i mean payment companies already doing out of this. There was a report from forest. That came out. I think on the said. The fintech deals particular. Rae the only thing that's having any movement at the moment invasive and actually probably the us in europe rated capitalizing Stop that i found really interesting. Was that china has yet to repeal a deal in in texas yet at least with bbc or private money. If angry by goes ahead that might be a little bit different have braley. There's just so much activity going on here and investment. And it's unsurprising the at least if you're thinking about how every investor is trying to make sure that they're getting to the right company in that round was the one that stands out bus the next putting a big pricey billion dollar tag on it or at least the rumor of because this isn't and is probably a good way to go about it. We're told him out yet yet. Why not us good. That's a good point in a make enough noise in people to hear it I don't know. I think it's yes. It's probably it's probably definitely going to. We're going to keep an on and see where they're actually proved a true statement or not later on. I think it's quite early to say and we did say we weren't going to make any predictions today so we'll we'll just watch cautiously So the next story today is that barclays has launched an accelerator for black founded tech firms. So it will be a twelve week. Virtual accelerate program designed to help early stage tech businesses founded by entrepreneurs. The bunk working with social enterprise found divine on the accelerator which will work with twenty five blocked founded led technology firms from the twelfth of november. The program will include a series of mazda masterclasses on number of co business skills including products development sales strategy operations leadership and the founders will be mental by and receive professional coaching from scale up experts. But it's been also gained access to balk at uk wide eagle labs network and exclusive access to community events through those labs Virtual ones the way the world's going off to twelve weeks demo day will see the founder presented that business to potential clients and investors. A spokesperson for buckley says that having worked with unsupported found startups for a number of years. She is lack of diversity and especially within block entrepreneurs. Is this a step in the right direction does it. Does it mean some people. Find 'em some of these initiatives a little bit uncomfortable. So what do we think about this. So as i wasn't a story. I you know i thought that came to my mind is when you talk to successful people. They're very quick to recognize that it was Kind of the serendipitous combination of set of internal factors whether it be either you know kind of mental acuity or the drive as well as some external factors such as mentorship in formal training. I think you know this. This type of program brings together those types of things in a way. That can be very helpful for for Often for groups that do not have that same access as as a broader set of things it for sure it can sometimes be awkward. But but you know my estimation it actually helps drive meaningful progress. Sorry samuda head. nonsense. Say i agree It's michael. I think we were talking before the show you spent some time in atlanta and i spent a good decade in atlanta the scene. There well right when it comes to banking when it comes to tech You get some great historical black colleges that are there in atlanta when it comes to civil rights is really the in my opinion the heartbeat of the us When it comes to success it's a combination of so many things timing for one but your network and who you know and who you mentor means so much you know. I mean the the ceo of kat. A lot of grief Over the summer for saying that they were missing some of their diversity targets and hiring because there wasn't enough qualified candidates and and rightfully so caught a lot of grief for that statement in. I always find it interesting because the right when it happened a somebody posted a background on the ceo who while he was still a senior at john hopkins university. He's started working part time at j. P. morgan chase having sent his resume to jamie diamond through family connections Okay that speaks for itself right and no knock on him for having those connections but success in business has to do a ton with who do you know what network dna and so. I think programs like this help And i like seeing it. Not only for Black business owners and entrepreneurs but also women and minorities and you take your pick. I think the more that we can do to help with that set of programs like this better i. yeah. I mean that. That's definitely a positive outlook. A ninth graded the principal. I just wanted to put out some a quite here. That's included in my nights which says according to research from ten by ten block report black founders over men to an under invested so only twenty three point three percent of black founders grant funding to the states dos up on any twenty two percent see. Vc funding on. This is something. I of possibly speak to to the lived experience of of people of color but as a woman barrel parallels to be drawn that there are many many female entrepreneurs out that who know exactly what they're doing but they can't get the investment they need to get that businesses off the ground and i'm there is there. I'm sorry but there is a case of saying a lot of the people who listening phase pitches simply don't believe that women will be successful however good pitch it's not always the case amirah absolutely benefits to be had from having welcome being introduced the right people but i do wonder if maybe along with this. What bought these could have done. He set aside a pot of money for investing in these companies and said ryo. We're going to do both because both of these things are equally necessary. Now the mentoring we probably can't get elsewhere but we have money so we going to put that aside business simul Will come to you. It has a great quote from a good friend of mine. Ramon arteaga Out of new york i love. Ramona does a ton with the latino black communities there has their own startup and she talks about that quite a bit like yeah. Thanks for all the mentorship training. How about some investment money main flat out and she's hilarious when she says but she's also not screen around and she says it you know the sheer number of pitches that she gives and also a lot of blink. Looks 'cause not understanding the product you know In what she's trying to do because the folks that she's trying to raise money from typically look like me and listeners. If you don't know what. I look like i'm a fifth year old white male slightly balding. So there you go. I could be a poster child. I think for some of venture capital there. Yeah a main. it's yeah. I think getting getting that. Money is just so crucial and we have to look the barriers that exist to that full minority groups across the board. Emily your thoughts on this one. Yeah i mean. I think you'll definitely right. Sarah like they. The bobby's saying that at the end of the twelve weeks found will get to present a business in a demo day to potential plans to investors and sometimes with these kinds of schemes. The people running this scheme of also among that audience of investors say baucus. May well be sitting there thinking. Yeah we're going to invest. But they should be putting that money up front and say his actually Into due to support. We've seen other banks do that. Would their accelerate y con not happen here as well and an almost feels a bit like they don't want to take the chances backwards they may not like a bit like fluffy off thing is actually the ship a rate initiative. That should be happening back to back was if we're actually going to make any change needs to be consistent not just a one off. Spur of the moment. Capitalizing on the Discussion around black lives at the The way the way all needs to apply uplifting people of color across the industry and that is a little bit what this is like. There's a there's a tongue of virtue signaling about it. I think which we've seen kind of across the board which is which is a little bit sad and i think the other thing you probably have to we have to consider is the full these people have gotten far enough the barclays to even look out -plication. I guarantee you. They've to ten times harder than i have. again goes across the board. I said i don't have to lift experience. But i if they've got that far and they've they've done that much they've had so many barriers in the way they will have had to have worked taught People for example. His uncle knows chapa. Jp mccann who looks a lot like you said. emily. I'll have the final point Almost at uconn just launch a twelve week veteran cetera program Busy got to have a more well rounded response to the issues with facing from start to finish. You've got to be thinking about. How can we get more black kids into proper education. Get them the places that they need to be getting walk experienced. They can stop to meet people. Think about things like Around business in getting tech skills cutting skills or those. Things are really important drivers at the moment which publicly kids from underprivileged Saving you can't just think about a will. His way might be able to get the most juice out of as an invest essentially. He's gonna to put money go to think about the full spectrum of presenting your age of his boxes company with a lot of money. He's got a little resources. Why can't it be the one to help. Yeah no i think that's a that's a really good point We'll we'll we'll leave that there. Because i think that's i think that's a call to action about is you're listening All right so now. We're going to move on as we get into the end of the show and just to finish. We're going to round up some of the other stories from the week but we didn't have time to cover but which still deserves a shout out. Sam do you want to kick us off sure. Our first story comes from finn extra report that hong kong prepares for the next era authentic. The hong kong central bank is exploring new data strategy and considering building a new financial infrastructure called the commercial data exchange recede guy. This is enable more efficient financial intermediation in the banking system. The city is consent based financial infrastructure that would enable more secure inefficient data flow between banks sources of commercial data the h. a. oscillate out a two year roadmap and at posturing more diverse in interactive right tech ecosystem in hong kong. And he used says. The initiatives are examples of candidates focused on applying technology to achieve better banking and drive financial inclusion in the region. So just a couple of quick thoughts on this announcement came at the opening. Keynote off the hong kong fintech week their virtual conference. That's a nice way to kick off a conference by basically saying hey Were the government. And we're going to build our infrastructure drive open banking not bad but just interesting right We're gonna build it open banking ecosystem. We're gonna set the terms instead of the private sector coming in so. I did a little digging. Sarah i know how much you love numbers. This is just for you. Discover there one hundred sixty licensed banks including eight virtual banks in hong kong damn So again interesting approach. We'll see how this plays out as compared to the approach the e. u. or the. Us has taken on open bank in a data security h the hkma has Has has said a lot recently but it would be doing a little bit more. So hopefully this is the beginning of that The next story comes in the bbc news on that in the uk. The credit card phrase has been extended for six months ahead of the new well. New english lockdown. Uk look down payment holidays. Credit cards call finance personal lens. Imported goods have been extended. Head of tougher Coronavirus restrictions up to six months short term credit such as payday loans can for one month. The fca has set credit consumers. Who can afford to do so should continue to pay borrow. We should only take on the support. They really need it. The payment holidays will also apply to those with a rent to own and buy now pay later deals so anyone already benefiting from a payment deferral be able to apply for a second dail. I think the point the sea about If you can afford to keep paying death nikki pangs. Really important one here. I think that's possibly tendency on people to seize upon the idea of not paying back alone right now but without thinking about the fact that will continue to accrue interest all to have to pay it back eventually I would like to see a lot. More of is financial propositions. I'm talking not just about how to save more invest more but how to manage debt and savings on holistic financial health. And i think is good. It's i on that. And it's going to be encouraging bats from financial providers and our next story comes from cnbc. The report that sophie launches i ever credit card giving so five members the opportunity to earn cash back on the purchases which they can use pay off loans save or invest through the self. I platform the all new s-o-f-i credit card rewards carter's use the cashback earned from purchases to improve their financial picture. Cardmembers received one percent cashback. All eligible purchases to pay down eligible student or personal loan debt. You see what they did. There folks similar second auto-pay members can enable automated redemptions into their so-fi accounts. So am itself is an interesting company interesting that they've opened up a rather large office. Here in jacksonville. Where i live of most be eleven. O'clock live in northeast. Florida so long way from san francisco. Everybody on the sofa has some around seven hundred thousand active users seven point five million registered accounts for their various products and earlier this year there. Ceo anthony noto. He talked about a shift in their strategy to go from their bread and butter customers which are basically stanford in harvard. Yale grads to every man approach. Which i like to call the goldman sachs marcus affect you know. Move into a different customer base. And i can't fault them for this. You know. that's where we're at right now. So it'll be interesting to see is a good opportunity to be able to cross sell a product where they can make money on and it's also a well done them on the rewards program that they tied with the set idea been able to pay down my i student. Loans with the redemption points is a very interesting in circular type approach. So we'll see how it goes. I mean it ties back very neatly to my idea that financial providers should be encouraging people to pay down debt where appropriate so What a lovely circle right now. Our and finally story. I am going to read and then i'm gonna hundred sam because i'm not entirely sure understand most of what's going on here but i'm going to give it my best shot message. Ozil has joined. Us venture capital firm class five global. Say right also midfielder. Method oziel is joining san francisco-based. Vc fem clause five labeled as a strategic advisor have already been an investor as he looks to a career be on football as the future arsenal apparently remains in doubt apparent. His contract is due to expire the end of the current season of no eddie. When that is he hasn't played since march. I think that's probably bad. He was left out of twenty five mine. Premier league scored at the end of the transfer window again. Sounds bad not entirely show rooms of his retirement. All circling Toss five managing partners at world. Class athletes bring a unique perspective on the future of consumer preferences. I how old is this chap sam. His young as early thirties So he is he is a world class. Athlete is past his prime though Incredible football player Helped germany win their woke up. One of the most creative players that have played an arsenal For to come and play Helped them win a couple. Fa cups but again getting on in age arsenal being incredibly smart football team. The are signed him to an incredibly expensive contract and now he sits in doesn't play whatsoever so very typical for the team that i absolutely love to do that. Sauce chasm right that soccer. Yes that's out to save. Why would you pay this much money for somebody who sits on. The bench doesn't play good for him though. I actually see two things in this one more than likely he'll play in the us typically if you play in europe you do your farewell tour in the us and do quite well on a ton of money. Good for him and to the dues got kind of time on his hands. He's not playing. So what the hell i mean. It's interesting to see world. Class athletes get into venture capital. I mean typically. You're looking at books. Like ashton kutcher right actors that are in venture capital and by the way it's done some great investments right so it's interesting to see athletes. Moon this space serena williams in the. Us is probably the best example. I can give. She actually has her own. Vc firm they've invested in companies like a coin base for example on s thinker sister. Venus now is also get into this space seen athletes move into. Vc to me. i get it. They have a lot of money on that they can bring to it. They bring a perspective. And there's been folks have been incredibly successful magic johnson from the la lakers. Here's a basketball player. Sir has done incredibly well. He's made a ton. More money outside basketball ever made plain in his investment properties. The that yeah. I get that they've got a lot of money and that You know putting putting into this investment probably makes sense because if you have to retire when you're thirty one many probably do need something to live for the rest of your life. I do kinda get that. I'm on it and he has got a lot of money. But the sounds of things. The difference between being an investor being strategic advisor on the future of consumer preferences and i wonder what perspective this young man has. I don't know his background to be fair. I do know footballers come from all sorts of backgrounds. So it may be something different but serena williams for example. I know that she has a background. That probably does give her an interesting perspective on some interesting on the future consumer preferences particularly in early minority groups etc. I knew what qualifies him as an adviser. He's he's very simple. Be clarity plays house. Because we played for arsenal. We're just not going to say a damn bad thing about this guy everybody. He helped us win the fa cup after we went through about a decade. Wrong drought. I refused to say anything poorly. You're not going to get me to do. Just like predictions refused to go there. Good luck masud. I love you man. Give me a call. Please put them on the show. A okay escalated blood. Sports sports people moving into an investment after they've retired or indeed they retire so i i would look at this. You know there is a kind of Long history that for every kind of successful one of these. You have a lot of literature along the path. You are much kind of in the marketing domain of of kind of good decoration for the front office and not actually kind of doing a lot of college. Strategic advisory there are some notable exceptions at sam's called out some. I'll call out. Steve young who you know Went into the private equity space on kind of enterprise software based funding his driven kind of double digit returns. They're kind of year over year but I echo sam ceases here which is yacht money. You got time. Why not give it a shot and if nothing else it'll be great for the firm's marketing is they knew this chap is given their american and he plays for else knew which i'm sure is an english team. Emily i'm gonna give you the final word on this just because sound doesn't get it. Sometimes the advice can be pretty useful. I think these films like if you if you take a good david beckham. He founded okay founded most likely guilty sports which is a big east bolts team company here in the uk and they'd just gone public on the london stock exchange this last month. He probably doesn't have a lot to provide in terms of knowledge about e sports gaming or knowledge about how to take the company public will any any of those useful things but what he can't be useful almost intensive craziest in kings. One thing that guilty sports is doing is that they want to stop trying to spot talent. Full that eastwood's teams uncultivated that talent using a similar structure to the town academies used by football teams across the uk so they'll start trying to spot teams train them that way and that's something that david beckham is really familiar with. 'cause i'm not not a big football but a british remember. He was also found that way. He did like talent academy back in the day with the ranges and sometimes anyway Expertise can be really useful. Sam a valid point i. Hey emily just gave us very nicely rounded conclusion. That said please yes. Go ahead but if it's not valid. I'm speaking to alex. it's incredibly valid. The one thing. I think that can Bring actually in this very interesting. Very hot sector is cherie fintech or talking about banking solutions in the muslim community and masuko zale is turkish originally but lived in germany but he is very well known in the muslim world because he's a very outspoken advocate and And very well respected. So when you think about doors opening Vc firm for very specific where we know. There's a ton of development and money going into that would be the avenue. I went down if i was advising that the firm. I think there's some doors was sued. Could open definitely that otherwise. Vc firm in san francisco is not going to get a case I take about that is a very valid point anterior finances an area that has been totally under invested in and it is a huge market Which is which is death for the taking of anybody you can do. Approach it since stiffly in the right way so we will leave it there That wraps up this week's show thank you so much all of our guests. Where can people find out more about you emily are. You can find me on twitter at emily jane cole and you can read old stories at fm nandan dot com all if you work for an eventual banquet pays for all paper. We land on your desk every monday to pick one eliza brilliant mike how 'bout you unlinked in michael douglas vice president of strategy at galileo Also of course our corporate website. galileo dash f. t. dot com the fda has for financial technologies pathak's and sam have i e At sam all on twitter on. But i'll be taking a nap for the next couple of days surges. We'll get back to you eventually. Yeah eventually cool. All right well on that note. That's it today and as you can find me on twitter at sack chance go at. We should also thank chris gonna coming back and updating his thoughts on the ant. Ipo and also thank you for listening. If you like what you've heard subscribe to a podcast and don't forget to leave us a review. It does help to make it better and helps others to find the show as always if you want to join the conversation you can find us on social media just search for eleven s fintech insider or poke cost investor. Thank you so much for this advice.

goldman jack ma uk emily Us chinese government china mitek mike marcus usa jenny saka jansky sam wall fifteen twenty minutes emily nicole jamie diamond Two billion dollar fifty two billion dollar galileo twenty eight billion dollars
Tech Stocks Push Nasdaq to New Record

WSJ Minute Briefing

01:21 min | 1 year ago

Tech Stocks Push Nasdaq to New Record

"Facts allow you to make decisions in unpredictable times. Get the facts you need from the Wall Street Journal from pre corona video updates to daily deep dives and our podcasts and videos. WSJ is a trusted source in uncertain times visit wsj.com. This is the closing bell brief for Tuesday June twenty third I'm Charlie Turner for the Wall Street Journal. The Nasdaq led stocks higher today, rising seventy four points. Points to reach a new record high the Dow Jones Industrials Rose One hundred thirty one points to twenty, six, thousand, one, fifty six, the S. p., five hundred gained thirteen positive economic data boosted the markets business activity in the US private sector, improved first second straight month, but remained in contraction territory, according to Ihs, market and sales of new homes jumped sharply in May according to the Commerce Department. Tech stocks also fueled the market rally. Shares of apple gained more than two percent yesterday. The company said it would start using its own chips in. It's Mac. Computers and Amazon gained nearly two percent today. The company said it's launching a two billion dollar venture capital fund to invest in technologies that reduce the impact of climate change. The goal is to help Amazon and other companies reach net zero carbon emissions by twenty forty. We have more on today's market activity and market analysis on wsj.com and the WSJ APP.

Wall Street Journal wsj.com Amazon Commerce Department Charlie Turner apple US bell two percent two billion dollar
Here's 4 reasons voting by mail might not happen in November

Meet the Press: The Lid

04:43 min | 1 year ago

Here's 4 reasons voting by mail might not happen in November

"Welcome to the live from meet the press. I'm Carrie Dan if you're like most people under quarantine right now. You're probably thinking a lot about things you plan to do in the future that you probably can't do for as long as social distancing guidelines remain in place want to take the kids to a minor league baseball game not looking likely anytime soon. How about that blowout? Birthday Bash. Better be on the Internet. Everyone getting a haircuts. Let's just say that twenty twenty end up being the year of the mullets. One thing that elections officials are thinking about. Maybe not being able to do in. The future is voting. Almost every state that had scheduled a primary or caucus in April has already delayed or modified it and lots more are aggressively moving to more voting by mail. But that's for the primaries. What about November? What if there's another wave of this virus after the summer and it's simply not safe for people to gather and wait in line to vote in a general election particularly around poll workers who tend to be older Americans voting by mail? Maybe at first seems like maybe it shouldn't be that hard right. There are already entire states that do it already including pretty populist one like Washington and Colorado. So is it possible that we could actually do it nationwide in the fall? It might be a little bit harder than it sounds. First problem it would definitely be expensive. If states have to mail ballots to eligible voters that requires extra printing extra postage extras tracking extra data. Extra staff which some estimates say could be in the two billion dollar range. The latest stimulus. Bill had four hundred million dollars in it towards that effort but advocates say they need a whole heck of a lot more second problem. There are a lot of concerns about elections security. How do you ensure that the right people get the right ballots? That their return safely and counted correctly without anyone being disenfranchised or without any votes being tampered with it can be done. We know that it's already done in several states like the ones I mentioned but usually those programs have been implemented very gradually with lots of testing and safety checks along the way at a time when fears of election. Tampering are rampant on both sides. Many experts worry that ramping up too fast could cause big problems in states that are new to all male voting third. There's a bit of a legal issue here. Which is that. Voting is regulated by states counties and localities not by the federal government. That's why you see a patchwork of voter registration rules and early voting regulations at voter. Id laws all around the country. All of which get fought over all the time so plenty of states would have to change their laws just eight months before an election and many of those are states. That maybe aren't all that keen on folks in Washington trying to tell them what to do which brings me to the fourth hurdle politics not. Everyone likes the idea. President trump kind of said this allowed the other day when he was talking about how Democrats have been fighting for more mail balloting saying quote. They had things levels of voting. That if you ever agreed to it you'd never have a republican elected in this country again. The implication there at least as Democrats seem to hear that comment was that more people voting by mail might mean more. Democrats getting elected. All of that said if there's ever a time for support for expanded mail ballots to hit critical mass. It might be now so keep an eye on that story. In fact keep an eye on anything that will distract you from how silly your haircut is starting to look. That's a lead for us. If you'd like to hear more of this free audio everything you can always download us on your favorite podcast APP. Hey It's Chris. As this week on my podcast. Why is this happening? I'LL BE TALKING WITH JOHN. Berry author of the book the Great Influenza about the last Global Pandemic. We analyzed what cities did in one thousand nine hundred eighteen and found that those cities which intervened early at a much better experience at the very least in terms of flattening the curb if the intervening too late viruses already widely disseminated in your community and no intervention is. GonNa have any effect if the enemy is already inside the home. It doesn't do any good to lock the door that's this week on. Why is this happening? Search for wise happening wherever you're listening right now and subscribe.

Carrie Dan Washington Influenza Colorado Washington twenty twenty Bill President Berry four hundred million dollars two billion dollar eight months
U.S. Places Order for Eventual Coronavirus Vaccine

WSJ Minute Briefing

01:35 min | 11 months ago

U.S. Places Order for Eventual Coronavirus Vaccine

"Facts allow you to make decisions in unpredictable times. Get the facts you need. From The Wall Street Journal from PRE CORONA VIRUS UPDATES to daily deep dives and our podcasts videos WSJ is a trusted source in uncertain times visit, wsj.com. Here midday brief for Wednesday July twenty second I'm Jr whalen for the Wall Street. Journal. The US says it'll order a one hundred million doses of an experimental covid nineteen vaccine once it gets the go-ahead from regulators, the nearly two billion dollar order with Pfizer and Germany's biotech could be increased to five hundred million doses. If needed, the vaccine would be provided to Americans free of charge. The company's vaccine candidate is set to enter late stage testing this month. Signs of strength in the housing market sales of previously owned homes rose nearly twenty one percent in June from prior month with prices, rising three and a half percent from a year ago, economists. Economists say demand was strong from apartment renters seeking more space, young families, moving to the suburbs and wealthy city dwellers, looking for second homes, but the supply of homes for sale remained low. The pandemic has made potential sellers cautious about letting people toward their homes, and twitter's seeking to limit the spread of the conspiracy movement known as Cunanan. The company says it's banning or limiting the reach of more than one hundred and fifty thousand Cuban on related accounts, twitter says Cunanan accounts have targeted individual victims on its platform for abuse, increasing the risk of offline harm. We more details on these stories and other news of day at wsj.com and the WSJ APP.

The Wall Street Journal wsj.com twitter Cunanan Jr whalen Pfizer US Germany twenty one percent two billion dollar twenty second
146: Transforming Your Leadership through a Disruption Mindset with Charlene Li on the TalentGrow Show with Halelly Azulay

The TalentGrow Show

32:59 min | 2 years ago

146: Transforming Your Leadership through a Disruption Mindset with Charlene Li on the TalentGrow Show with Halelly Azulay

"That's what i just said how do we achieve are jacket and one of the biggest problems as well to the along hey you tend to focus on saying let's be focused on today what the packers are just wash it's all about the future the what i found that they only way or at the company navy tough choices today take on it off the gold make them back as an unpopular if that nearly clear focus who you're future is that at the center of strategy welcome to the talent grow show where you can get actionable results oriented inside ended vice on how to take her leadership communication end people skills to the next level become the kind of leader people want to follow and now your host and leadership development strategy is only other law towns where whereas welcome back to another episode of the talent grow show i'm highly answer liar leadership development strategy here talent grow which is the company i started in two thousand insects that helped develop leaders people actually want to follow an it is the company that sponsors the show so you can enjoy it every single choose day for free to help you you grow your leadership skills an before i introduce you to this week's guest i just wanted to share with you a really fantastic recent new apple podcast review that i received from a listener listener was selling mccreadie an the title is eight dose of affective professional and personal development in south as listening to highly tips and her interviews with distinguished guest has encouraged me to be more self aware and has motivated me to be a lifelong learner as a result i feel that i am growing professionally and personally i look forward to this podcast every week i love it thank you so much i appreciate you took the time to leave that really kind review an you talent grow is if you listen to this podcast and get value an care to leave a short review like that i could redid on a future episode of the tally gross show and i really appreciate every single review and i think it really helps other people discover the show and give it a try so this week i have a bestselling author and founder and a disruptor charlene lee and she is going to share with that some of information that in her latest book the disruption my that about how to i think like a disruptor how to be a destructive leader how to create the kind of structures and processes any organization even in you're team i guess if you're not leading the entire organization that can help create the kind of destructive change that will help you're company stay relevant and you're current and future customers continues to benefit from everything that you do i hope that you will find it inspiring it's the kind of thing where in leadership you know there's specific things you have to do for the day today in you're team but you also have to keep your eye on the horizon and speaking in terms of the future an as a leader you need to be visionary an charlie talks about creating movements so i think you'll like it i hope that you do and let me know what you thought about it afterwards george that further ado let's listen in to my conversation with charlie late welcome back how growers this week charlene we had here with me she'd be author of five books including the new york times bestseller open leadership and the co author of the critically acclaimed book groundswell her next book the destruction mindset is going to be published this august and she's currently eight principal analyst at altimeter and was previously the founder and ceo of altimeter group prior to joining profit she was named by fast company as one of the most creative people in business and as a frequent speaker ended visor fortune five hundred company she is a graduate of harvard college and harvard business school and lives in san francisco eight bello californian welcome charlene thank you so much for having me i'm really glad you stopped by you're topic is is interesting end a little bit different from what we typically talk about so i'm looking forward to sharing this with the talent growers we before we do i'd love for you to describe your professional journey where did you start in how you get to where you are today was sunny consult thinker quebec nickel and then after this will go newspapers which is not what people typically do right but i can cause silicon valley in nineteen ninetythree because there is insane coffee internet that was blowing up and i want to be part of that is kind of a disruptor right when the getty and i thought newspapers would definitely going to be impacted so that's why i mad at myself there matinee merkley hairs became an analyst at four super ten years and i started my own company back in two thousand eight lead before the recession hit a big big fortunately were covering a nearly two things phaser technology at social media so everybody wants to know how to use the new technology to grow your company so those sweet spot at the right time like anything into the recession which is just insane and then with acquired for years ago by pocket still there he buddy baker checkbooks sense i keep working and research at moving enjoy working with people that saw how awesome how many employees did do you have when you were acquired about twenty people and not which is much smaller has kind of all we have a much larger infrastructure straffed which is the company that crowd i think mitt by herself from global couple upside but people globally boy so good luck scales could they have produced a really interesting work they can't say well that is definitely add disruptors journey and you're latest book is called the destruction mindset that like i said it's coming out in a couple of months i'm looking forward tina release and congratulations you say that you want to launch a movement of disruptors a virtual army of change makers in all aspects of life in business i love that most people don't like the change as you mentioned in your book are in what i've read about your book but you say that disruptors are wired to walk on the knife edge because it makes them stretch grow and i totally agree that the people kind of move name the ones does that make the biggest impact are people that are willing to go outside their comfort zone those were the ones that leader organizations that are capable of executing a destruction strategy that balances short term execution to achieve their goals against planning investing for the future i'd love to talk to us more about the distinction between richard disruptors persons everyone else yeah i i should destructor understand that in order to reach the news click the new place of growth it's going to be difficult it's going to be tough journey frankly acquainting hanko that how you go out and if people say like i wanna be invaded but i don't wanna be uncomfortable i wanna be a no clear process that they're not gonna get their big has the minute they come again hertel going opposite all like monique too hard when you that what i find with people in organizations they oftentimes know what they need to do in order to blue hot in particular area will be theater section clay but they look at new organization and say it's a huge that we should i could never turn it they don't even try this roster go yeah it's easy optical that you're gonna go toward the has that changed me have that severe a change maker it's people who really believe it may be opportunity per go out there actually opted that's that's about thank yet they have this incredible edible capability leading people will that change in shit like this roster combination of that changed my that in yet leadership behavior you meet people make that change her life you're describing i guess characteristics texture ristic's do you see them as trait that you either have or don't or these things but you're gonna adopt and learn and anyone could do it well i think you are naturally quite an edit it so they are characteristic also behavior and so i think my my friend behaviors i did a survey of a thousand leaders globally you at uk germany girl in china in what i found is that the people who have most destructive in other words capable of driving x financial change of the one thing that who characteristics first of all they haven't opened that change it just having my choice that they change it's a good thing not a negative thing so they one choice that sort of well i think any other part is they have those capabilities behaviors where it's not about them but but everyone out at the bug developing a relationship their followers and really harlingen firing on the chili she go those interesting combination of these two hey thank you question can change that yeah first of all you could start to fully change their minds that even the ones that were passed and that's backing you gravitate towards con that not by partnering at the kicker over warm ups people who have that open up my back that kind of drag your open your mind towards these new opportunities right in that any other part of it and learning and behaviors that is as we know leaders are or their created female working with strong leader in the states who are capable of driving drunk people inspiring now we have road work in it's it's neatly hardy up at the leader cleaning waiting room that so i i think they basically these two things are possible that spread eagle archetypes at four different archetypes both leaders in a district to grow somebody be strong impulsively called the dealer off and i feel like the cream but just after the fact are capable of doing gold being open and meeting people worry that who are open to chase secretary still dealing with the problem solvers they're the ones who could look around the corner see all the things that could go wrong already working for that might hang it gory guest expert the veal it's it's a really powerful combination of each other to make destruction organization get the full meal at that and that's been a word got back that's that's just the way to go for it yeah yeah that makes a lotta sense i can't remember where i heard or read that that that sort of a a full of many visionary leader is is that they're too optimistic domestic and they is completely missed or ignored risks endanger so that skeptic probably is the one who sees that you know and and maybe they they each a compliment or tame each other and together they create that holistic picture yeah and i think you could build on that one phone call call the agent provocateur which is a person who does talk a great game but when it comes down to actually the nitty gritty how to get it done really does not tend to work in that direction and right now we have a lot of juice posture to pay a lot of there are up in the air a great description of the company structure die and then they walk up and say he's under a squad it was like that sounds great how we do it and yet you have that gret that that detail that structure that the most interesting thing that came out of my research is that the most disruptive company actually have a tremendous allows order of structure of flash that they are really like downing get things done he has we as human could only tolerate so much change yeah if you're going between a a lot of change a lot as well the way that you that that determination of how you worked together athenee content so the packers will be this bad but well you're shaving with that pocket so huge and they show you know you could look at on that they change because we don't have a focus on how you count organization people think this roster is are disorganized and chaotic jet y'all bears so busted out of order that is so interesting to me it i mean it really does sound like a paradox what you're describing i'm struggling a little bit to think of how that would work in practice in the sense that if you have structure an order and processing yet you're changing a lot then does not throw reaching out the window and wouldn't none of those things apply for very long well we think about what you're changing your any changing business and you're changing how you're going to work but if you have a prostitute tweeting that change then he becomes a lot the process is how you share information at how you make sure that someone at the cautious you you hold those end charity organization in when you know how you're going to change how you're going thank you meet with each other and make decisions and they changed becomes a lot easier what's really hard and you don't know don't give me an example a company i studied it it's wild way who are in the news a lot say as you at the same at they have spyware built into that kick nology allergy but put that aside and look at how they actually in her heidi innovative company they have forty percent of the people involved in some form of are indeed a lot of people or it may have been so many yeah exactly research and development and so somebody in you becca stan concrete something that you know of course light there it put it into their database in shooter innovation in research and development today and then somebody in brazil and see that and they say un would spread their client so that changes happening but it's happening at a global level across the hudson that many different country it may have thirteen different research center innovation center and they were all structured the same rights property in the same way but what a scientist neutral one location to another they don't miss a beat it as a walking into the same lab thank that everything it's insane so that they could focus on the work not how people do things differently each center that takes a lot of friends in as a result of that i mean people talk about why wait they they kind of joke everything has a prospect in fact if they start something they don't know the pocket but they call the rockets engineer at n they how they did it so we don't have to figure it out so we could focus on the work cool okay that that helps thank you in and actually we just recently had an episode sewed with liam martin and he was talking about how creating process season structures is one of the ways to help you become more efficient so that is a great compliment so you're saying that disruption has three different components i think we've probably they started talking about it already strategy leadership and culture and i'd love for you to give us a highlight obviously in your book you're gonna this is where are listeners you're gonna be able to get a lot more about that but if the high level version of what does each of i mean and why most of our listeners the talent growers were not maybe necessarily at the top of their organization calling all the shots why they should pay attention to this show yeah it again like i focus so much on the mindset that has changed around me eric strategy so as you said how do we achieve are jacket and one of the biggest problems as well to go along way you tend to focus focus are saying let's be focused on today what the costs are and just wash it all about the future but what i found that they only way to oriented company may be tough choices today could take on these obstacles make them back as an unpopular business but if they have a really clear focus of who you're future customer is that is the center of strategy is not gonna say the customer today don't matter but you're customers are where he'd eighty oriented so you should take on that paperwork today and again i realize that not everybody a new audience in focus on the customer in their daily job but i think everybody in oregon station need to be aware of who that were at individual find out oh hr we don't even use still oriented organization is all about i mean it wouldn't exactly customer yeah so i i will college really bad if you're not focus on the customers gary i think you're working on the wrong thing they like so you don't always understand that in the further out into the future you above the market but it will be because you're only looking up next quarter guess why you're only going to orient you're worked for its next border if you're thinking about what you're gonna look like five years the investment you work on today will have their impact five years now and that's the key difference making destructive organization like that are now they're making their best today internet so that strategy and then we had a shot is simply that you've got a critical because it's so difficult to go to the prospect that you need to create a booth at our school sane everybody in your organization shed through all the time because you can't be there all the time and that's especially i think for the people who are in listening to the podcast because you're not a very tough how you created loop that you create that based on greg you are in on the objective that you'll have great i love the next start with why not why are we doing why we checking artist tough work it out there trying to build the future karrar customers and when people understand that you need it to them all the time and i just everyone all the clyde then you have a fighting chance of actually cheating that otherwise people will just focus on over an area culture we talk a little bit about that there's two types of culture one that are stuck in one that could lead at the bible but i call what they tend to actually better they get stronger the more i think goats many changes and optical thank me or that in our legal leak of beach culture they're open it'll even openness and transparency of i get when i talk about the information that it says you're making quote being much more open and transparent to everybody in the organization because backstreet straw is a belief in agency that each hers bad and interviewed a wet building which will add it all up in that create this drunker ownership and the third one is biased action organizations that slider flux can't stand still they go let's do auctioneer option b i don't know which one it is let's try option that doesn't work and would try to be or maybe they'll but the locker room so those beliefs wait this great culture and you're in bed and you structure your car that's partly what i call lor the story which draws they got it all that how hold that culture that strategy leadership culture that quickly that show about how that changes i just watched yeah and i know as a as a as a fellow officer i know it's so hard you have when you have a robust message to condense said you know there's so much more i'm sure that you would want to say about each of this i thank you for giving us a check abroad high level overview i know that you have so many different examples from you're interviews and from you're research i'd love for you to kind of breeze life into a couple of one maybe or two leaders that you've seen that you could tell us the story of who really are disruptors i mean i'd love trusted envision what a disruptive leader is like yeah this is one woman mala sean who is the product manager or quit asleep at adobe in adobe went through this transformation in about five years ago where they went from product software to suffer for in the cloud sheila's transition and she was the person tasked with carrying on until you know adobe when they began at the tranny had in twenty eleven she was responsible basically in about two billion dollar out of so at one point she said i felt like the waiter company which i showed her wow and in wheeling what i'm right and so in the product that i drink that got cashman chocolate have a new idea we think we should do that the interesting came from all that was that nobody want it that the congress that bill employees near that everything but chance of agent and very importantly wall street with space they were facing this story in the wall street that their revenues of income i'm gonna go dapple two years before they would say attorney oh take that long for the revenue used they used to be recognized revenues fun now they're going to recognize that same value of the year it would take twenty four hour lunch with this worked out so she had to make sure no product working the communities were working outside of that andy employees turnaround you'll work with a c hall and then back regulations pain and make sure that that what's happening to people fought about right now she really happy he wrote how they do that systematic way 'cause we went to all of that in what dodging an attorney huge change an give you and i yeah there were so many people say all the time they can't do that because i've never taken it would never expect a making the change yet that's what did they went to wall street in that were going to make the change this is going to be really good for future that's why we have great news is it's quite quite critical but yeah so every quarter they would come back and say hey great news we are right on track we are revenues are down out incumbent great star quite go up every quarter with just over what i would never want to end it was interesting because what were they were they were setting expectations in malo was the person that we had the go back in that will court so this is not somebody who just being up the great idea like also execute who year and making it happen so i love the example of how you know this isn't entire organization that did all of that but i think in many ways mala with it it's somebody who were simplifies who i would that made it look like has it wasn't just her she lives in any way a percent coolant meeting at gary crucial part of that ashi huge coalition x profit organization has great and that's how she was able to she didn't have to go it alone it's partnering up with others and convincing them getting them into that movement as you said yeah i love it well i would really be interested in hearing a lot more about this than as you know i have a creative created a thirty minute podcast so time is running out and i wanna make sure that we always leave a tally growers west one specific actions but before we do that what's new and exciting on your horizon i mean i imagine even book marketing world now i am in book marketing i'll i'll share with you one idea that kind of a crazy idea i i wanna creep lots of different ways if he understands the book so you can we day refunds nobody can beat it on kendo another tablet but i also wanna create videos i wanna wait it's not bad version of oh what did that look like right i don't know 'em so but it's one of those way and i'm thinking about how do people actually learn new ideas randall idear comic bob how do they absorb them and i realize that people known in many different ways 'cause sometimes it's video sometimes we experienced show and i figure just what's something fun i liked playing with all these new technologies nineteen to say how do we tell stories and different way so i know we kind of to prove that status is kinda young person tool but i feel like work people i want a niche that you as well so how do i use nash at her mental thing engaging way i will be i shouldn't have to make a she goes i like it so you're disrupting you're own book launch you know they're young people young people and they are the future they are the leaders that are coming into organizations in the leaders that are going to be the ones serving those five years from now customer i mean yeah right like yes exactly and that's one of the big starting a network of each disrupted actual network it has i think being disrupted the very lonely how so they they idea is to connect the structure to each other so that they can meet online have discussions eighty one small circles quite each other of course of the year in a destructive activity but maybe i heard that is it connect with each other and create this collegiality beaching structure is the kind of i think there's a nature ethics rape the change not only in our organization but also not community and it's replied there are so many problems out there in the world we need war each packets destructor disrupted the concrete that exponential change i think the people especially young people need to ensure that they don't have the skills and knowledge you don't have that they ship crack oh how do i actually wait let's change that i think needs to be done yeah and they may not wanna right mentors around them or people can you know in courage them rather than discourage them so they can find that in your network that you're creating yeah nice love it i would really like to learn more about that as that's coming out so what's one specific action that our listeners can take today tomorrow this week that can help them upgrade their own disruptive leadership skills or whichever ankle you would like to take on this so the one thing i anchorage of the paper do the one thing and the only thing that really mattered focus on your future customers ask yourself this question if you cross worst what do they look like what do they what do they think what do they say were very few and really or are trying to identify who that person is spanish their shit i'm telling you that he can't ask the next question which is what kind of experiments and they want without what kind of relationship and then the third question is what do i need today to do today to build that experience it all starts with a really clear definition that you and your organization you're team have a clue that customers will spend some quality time trying to figure it out had even if it's just an inkling of an idea priests to going finer customer there at that they just need at the line of them like develop that vision of occurring to me i know you probably need a lot more time to help us really walk through this but is there some kind of a quick exercise or a question that you used to help people figure that out because i think that it's easy to say who is your future customer but how the heck do you know this is one idea habit that book at minute copper comforted by d n design thinking it credit in pushing the idea of a percent that you know that you have but don't behind the by just the role think about the problems they have but think about these things describe how they feel how they think but they say what they do and that is eight weaker picture of who they are then war then again title will the industry but you're getting to know who they are as it pertains to try and understand that whole person we understand how they're thinking about it particular situation that they're shutting down you can have a sense of standing in the fact that shoe an i think he other key piece of advice i would have it green controversy in create a crossword viking court and don't forget that controversy the biggest customers on their put the loyalty mending customers on that right by g board and it's so important especially people who do not pay the cost for everyday that you share from customers we understand will they are today her uncle hosing urging yeah and so think about being a huge oregon is out that the listeners will punt the emerging customer i need you do need everybody in new york and they shot to be able to understand you wait wait this new thing that's happening here instead of thinking of that person that customer as an odd all like we don't serve that material trading that question what's driving that me drop you may be an indication of future emerging need but we should make great charlene it's been really a pleasure speaking you today and i enjoy that you have challenge us the think more broadly end more long term an inspired us to create a movement i know people are going to want to learn more from you and about you one of the best places to find you online you can find me my website charlene may dot com c h h r l e n e y dot com an much all my social media is under that name also choose well though by me where every day i had probably it sounds like maybe on snapchat which i'm not a oh okay well great and i'll of course a link to you're 'em books amazon page and i hope that we can hear more from you as that all developed and the network grows so thanks again i make it a talent grow it may appreciate but you listen so far and i hope that you got lots of value i'd love to hear what you biggest take away from this episode an what would you like me to cover in future episodes i hope that you take action of course as always i tell you that great new ideas and learning it's good an inspiration is great but action makes change and i know they in this episode charlene was talking about inspirational type of change but she said that biased action is what's most important so i challenge you take action what are you gonna do as a result of listening to this episode that's going to help you become more disruptive leader let me know you could put comments in the show notes page you can send us comments on social media posts that i have for this podcast episode you can leave me a voicemail on my website using that little black tab on the right of every page whether you're looking at it from your computer or from any mobile device and i look forward to hearing from you so thanks for listening i'm holly rely on leadership development strategist here at talent brown and this has been another episode of talent grow show thank you an till the next time make today great aunt aunt

packers five years two billion dollar twenty four hour forty percent thirty minute ten years two years
Influence the Polls (w/ Tala Ashe, Travon Free)

Fake the Nation

1:02:07 hr | 11 months ago

Influence the Polls (w/ Tala Ashe, Travon Free)

"Right now on ear wolf NBA Legend. Kenny. The JET SMITH JOINS EDGAR NJIT'S ON A new culture kings to talk about what it's like in the NBA bubble for more follow out on social media happy. Listening. Bad Bad pen in it net net. You have a new episode of fake. The Nation sorry I meant bonus the nation does humility make someone a good leader? Can you be a successful comedian and be humble? Seen as Nov e WHO's also on today show and Brian Foss join me on this week's new bonus the nation to talk about humility and how it relates to politics and having career in comedy. It is a superfund episode as all of the bonus, the nation episodes are and if you WANNA support the show which I know many many of you do. Please join stitcher premium. You get a ton of free content like stuff remark Marron and Polyp Tompkins, and just like all of the amazing comics bake the nation bonus episodes are out. Now there's multiple out listen on stitcher premium in for a free month trial of stitcher premium use the code fake that's F. A.. K. E. YOU help the show In the middle of a panoramic, please doing a premium and listen to bonus the nation. Hey everybody it's game Farside, and if you WANNA listen to fake the nation without ads and get access to our show is awesome bonus episodes that are called bonus the nation by the way the only way to do that is by signing up for stitcher premium. So just go to stitcher premium DOT COM or the premium tab in your stitcher APP and sign up with the Promo Code fake to get a free month of premium listening you'll get free listening for the nation and all ear Wolfenstein shows plus our exclusive bonus episodes, and you'll be directly supporting our show to that stitcher premium dot com Promo Code, fake fray, free month of premium listening. Thanks everyone. The Nation Episode Two Hundred Eleven Hello. Hello. This is face the nation where we talk about news. We talk about politics where we rejoice as the big tech companies are in DC this week being questioned about their monopolistic behaviors I'm your host and antitrust nerd Nageen Farside I won't bore you with we're antitrust entertaining because this week we're going to talk about relief bills. We'll check in on federal troops and we'll also talk about the yard and the DNC conventions and last but not least white fragility a new take. Today I'm really excited. And To. Continue that tradition we have with us. In actor Paul you've seen on the legends of tomorrow. One of the DC comics she is by the way the first Muslim Superhero. So. Exciting. Oh, she's also producer of the podcast. That's what she said. You guys. That's todd live. Also joining us on the panel is you heard him here before it's been a while since he's been with us. So we're so happy to have him back. He's a writer and a producer. You've seen his handiwork on the daily show and on full-frontal he even has an emmy for the things that he's done. Because he's say it is Trayvon Free Trayvon. How are you going? Just, spit doing your introduction. Like a classically trained stage actor. So. That's Right. FIDDLE WAS All right. Are you guys ready for us to get into it? Short. Here we go with the topic number one. Friday Friday Friday. It's the last day of pandemic pay if you have filed for unemployment, which is a shit ton of you out there in. America So I guess my first question is where are we with the Senate bill and actually doing something Side Note, they've had months to do something, and here we are at the last minute right before pandemic paige runs out on Friday and they still haven't done the thing. So my question to you is yeah. Where are we? What are your thoughts Trayvon I? Think we're in the middle of nowhere. And I don't think. Seem to have. A grass on the fact that. We are in the middle of a pandemic in that forty percent of Americans, can't pay their rent didn't pay their rent. And I don't think our government. gives us yet. I mean I see I see there were they were talking about reducing the payments to two hundred dollars which I mean. Come on just just send me an envelope with a fist in it that punches me in the face when I. Best you'RE GONNA do. Kinda ridiculous that even when the country is at its most vulnerable and people are hurting. You, you get to see exactly what it looks like when you have the most incompetent leadership when people say, what's the worst that could happen in twenty saying? Well, you're living at. Trayvon the we already did get an envelope with a fist punches us in the face because the last emulates checks were on delay because they had to have Donnie signature on Matt. Okay well, here's the thing. Okay. So tell the Democrats want to spend. So trayvon mention they WANNA cut the pandemic nature, two hundred dollars they also want to do tax cuts. And liability protection for businesses the dams. So they want to spend a total of one trillion dollars the dams on the other hand WANNA spend three trillion dollars they wanNA keep pandemic pay at six hundred dollars a week. For those of you don't know if you don't I feel like there isn't a person in America who doesn't know someone who at least is filed for unemployment. Right now but for those of you who just crazily might not know there's a weekly six, hundred dollar pandemic pay on top of what you're normally would normally get for unemployment. Tyler what do you think of these? The difference in these bills? I mean it's not surprising right but I guess what? What is been amusing to me is how obsessed the Republicans seem to be with this the federal stomach unemployment compensation that six hundred dollars the new. So obsessed with all the middle and lower class everybody who's getting unemployment is going to spend that money. When in in that first Cronin virus relief package, they gave hundreds of billions of dollars to corporations, the PCP loans. You're ninety percent of black when businesses didn't qualify for those and now they're just obsessed with like six hundred dollars is like it is people's lifeline right now. Can I just plug something really quickly? Yeah. On behalf of my industry e. Group on instagram twitter, they're called art zero, and they're basically advocating on behalf of people in our culture who who's jobs are nonexistent and exist an be nonexistent for many many more months like theater is not coming back until twenty, twenty, one and. You know we're not talking about famous actors rapping about people. We're not talking about one percent, but all the people who make the arts happened like they don't have working actors working at. The theater custodial staff I mean there so many people. It. Like. All of these people that make the arts go will not do have jobs and they don't. They probably don't necessarily have a specially like the bypass community they don't have financial safety net they don't have rich parents helping them through this time. So they need that kind of dollars literally to survive this time So I mean I don't know it's it's not like the right thing to do which. We don't the government doesn't often do, but it's also it makes economic sense Arts and culture make up eight, hundred, seventy, seven. Dollars of the US economy and wish I didn't know. And so yeah, I, like I just want our whipping out that statistic that. I didn't know that. I had no idea and I million dollars, five million jobs from art and culture right now that you know nobody nobody can do. So I mean I think that's of like an and cover subsidy with so much stuff that I'm talking again about like my sort of sector but there's so many people who pat six hundred dollars is their only lifeline in the fact that they're trying to take it away is insane to me. It's insane but I do want to ask the question of both of you. The argument that six hundred dollars additional a week is a disincentive to getting a job, and so that's the main complaint of the Conservatives and I WANNA say. You know I know some people that are in the food world and have restaurants and stuff like that, and they have pointed out that in a couple of cases again, not the majority of cases. But in a couple of cases with their staff, they found that the people don't WanNa come back as long as there is pandemic pay. Variety reasons we're not lying come back like the. Of catching coronavirus virus and being in like a very public facing job is a part of it. You know. So there's other things going on, but they have noticed that like the pandemic pay is giving them, I, guess he would want to call it the luxury. Of not, coverage work Trayvon, what do you say to that argument? I mean, think about the fact that some people are making more money on pandemic pay than they were making their actual job and you recognize what kind of shady situation people have been in for so long and It's it's crazy to me that they think constantly they repeat this this thing about how if you give people the bare minimum, they'll just quit life to write the bare. Minimum Train. And it's like who? Is Sitting at home going man if I could just get six hundred dollars. A week or have often they sent that check I'd be riding the gravy train out of here for the rest of my life like it's just not. It's not a thing. It's so insane that they think. People. Think that little themselves like they they tell this American? exceptionalism American dream but they think we're all bunch of Lazy Fox, who just one a little bit of something to get us by and that's and that's it. Well. The other thing is it. I mean forgetting like you can take all of the emotion out of it like whether or not we're lazy fucks or leather not. An. Or whatever just take all of the emotion out of it. Economists across the spectrum. Say That if you remove the people that are spending the money that's propping up the economy like consumer spending right now are the people that are receiving these like six hundred dollar payments. It's mostly and this is you know I remember reading earlier in the pandemic. Remember eating recently that that a study about like the first couple of months of the pandemic, the basically rich people stop spending and they immediately started hoarding their money. So then it became everyone else who was kind of like propping up the economy because rich people weren't being worn a part of the spending I wish I could. Site that I don't remember where I read it. But basically the the extra unemployment benefits are injecting billions of dollars into the American economy, and if those benefits go away, then the recovery which is already stop and start, and we the recovery is is bound to completely fail. And this is again from these. Economists agree on this across the ideological spectrum. There's like a unanimous agreement that it's. It's the lack of jobs, not a lack of willingness to work. That's holding the economy back right now obviously because. You are already mentioned this in your example about the art it's not like these people don't WanNa go back to their job in the arts. It's that there is no job currently in the arts. So. So it's just super ridiculous. It's like the restaurant industry you know they're making so much less than they were. So like where are all these jobs that you're talking about and and that I think is like is like the most frustrating aspect is that. You know conservatives are sort of fixated on this number of not having a go gopher trillion dollars, but they don't even necessarily want to listen to the conservative economists who they would. Theoretically on their side right that it's this is a bad move. The other thing I want to point out is any change in the infrastructure of the pandemic payment is going to take weeks if not months to cycle through at the state level, we saw that already in March right when they nisqually passed this bill for the six hundred dollar pandemic pay. It took weeks. The unemployment was at a standstill in places like York state I mean I think all over the country but just speaking here anecdotally. No one I knew who was filing for unemployment was able to get it in a timely fashion. You know what I mean, and then try explaining that to your landlord. So. So that's the other thing but I also just want to point out just like on a slightly more gossipy note although still frustrating as fuck, there's a two-billion-dollar bullet point in the bill that the house is pushing. For a new FBI building renovations to the current building or whatever two billion dollars you don't even Mitch McConnell like that was surprising to him. It seemed like when someone asked him about he was like wait what even The optics they Naga. Yeah, go ahead. They also had two billion dollars for thirty five. Billion Dollars for surveillance planes three hundred and seventy, five million for armored vehicles three hundred, sixty, million for missile defense two, hundred, eighty, three, million for Patchy helicopters. In. The bill, for Corona, virus guys not. The virus. That's not how you find a virus. Do they think they're just gonNA like load the virus up onto helicopters and then fly it away Florida Call. Like not to be too cynical but I'm like are you gonNA, start a war to distract us from the because that's what that's what those numbers that's. One hundred percent. Yeah. At this point, the war could be with anybody. Belgium will be Iran is who knows. Who knows. All? Right. Well, we will. Keep abreast of the situation I don't. It's like it's funny because I think I would have normally been like, oh, we'll know by Friday but I don't know if we'll actually know by Friday. Isn't isn't senate and researched in McConnell recess for three weeks. They're going into reset Oh. Yeah. The. Ground going into us, which is the other thing is in the middle of I'm all for like you know senators going back to their district offices and Blah Blah Blah, and then also even like senators taking vacation I, get it I fucking get it however in the middle of a Tomac I'm okay with some you know less like a less recess like if you guys need to be there to pass some bills, fucking stick around because they already said, they can't do the online voting thing. So if that's the case, then you have to be in DC then Mitch keep them. In DC, unless, of course, you just WanNa see some action with. Maybe that's your thing. Good luck on your election. People of Kentucky will remember that you were into inaction in the middle of like this you know world historic pandemic. Let us take a quick break. When we come back you're GONNA talk about. A. Troops. During these economically turbulent times everyone is looking for a way to feel more financially secure. 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Not all applicants will qualify for the full amount that's upside dot com slash fake. Everybody's Carlos. This is Oscar and Rizal from the fantasy presents podcasts. Each week Spanish I keep presents you the best of the best horror of lat next comedy and we invite some really amazing guests to join us. Louis mine thrilled five Mr worldwide pit bull and also the entire cast of the Netflix series tenth divide go for new episodes on Tuesday and you can subscribe to Spanish presents on Apple podcasts, pitchers, spotify or wherever you listen. Was Up here wolf listeners. This is chuck. Neil from culture kings and I just want to let you know about a project that I am curator for your will presents called black voices Friday each week I am going to present to you a different podcast hosted by some amazing black voices and creators that you may not have heard about before this is much chance to amplify voices and your chance to support them. So join me every Friday on air will presents to expand your ears and get to know some amazing black voices. We are back and we're just going to do a quick quick check in on federal troops because we talked about this at length last week. With respect to Portland, I just saw a New York Times. Notification that the federal troops are good. They've agreed to remove them from Portland as long as Portland secures federal properties. So I mean there's also a federal troops and other parts, the country and other cities. Also Bill. Billy bar. He testified to Congress this week. Saying about Portland specifically that a quote violent rioters, an anarchist have hijacked legitimate protests, wreck senseless havoc, and destruction. I just wanted to quickly get Ichi your thoughts on this whole process and how it's landing with with you and how you think it's landing politically for a president who has no plan for his second term like who was made? No. Sorry. Not Not that he has no plan. For term, we doesn't if he shouldn't have been agent, but he's made no plans for ten more turnips. Not, for, who has no? Campaign Platform for a second term one feel like he's I, mean fully grasping at straws at this point he doesn't have a plan by feel like one of the plans we can call it that is this by the way. Do you guys know that it's called Operation Diligent Valor? That's what it's called the Federal Obsolete it's called relate can use. Operation Diligent Valor OV-. Oh Jeez okay. Yeah. Of course it is. But I feel like I mean again, this strategy if we can call it that that he's trying to, he's he's first of all gone to like a like a liberal city but a small enough one where I feel like if this was in New York like it, it would have gotten different coverages to spin a different thing but I think he's using it as basically like he just stoking the flames to get like footage to get footage for him footage. Yeah. For his late videos for his election IOS. These these liberals these scary and t five violence writers. Like the you've seen the ad that like this is Joe Biden's America or whatever, which is fighting because it's actually this is continuing. Its currently, your America. Look like logic of the ads don't work because it's like, no, no no. This is happening under your watch like Joe. Biden is still just a guy right now. Footage, in that in that wasn't even from here incredible from some. Like some stock footage. cinematographers like put together some. Trayvon it. How would you? How take would you think of bars testimony? I. Mean it was. It was what you expected. He is so under the thumb of trump and is willing to appear to be such a an idiot who doesn't know who clay clemson not know anything that's going on with the president. He doesn't know when he's tweeting. He doesn't know what he thinks. He doesn't nobody says get he's constantly doing his pitting. And he sat there for for all that time to to basically say he didn't know anything but he I mean if anything it should be called operation I'm down fifteen points because. Basically him trying to find amy way to grasp at anything that will move the needle for him and it's like if you think going to Portland and and. Now. La To to beat up protesters going all of a sudden move the needle in your direction you were not paying attention last month. Yeah. I just it's even it's it's also It's making a mockery of his own supporters because I think his own supporters are like. You know we get what you're saying but like it's also this this thing that's happening in Portland, it's not how is this affecting our lives I wanNA talk about pandemic pay I mean I still think you can be a trump supporter and be reasonable like in a trump supporter like really I, we need some leadership on the corona virus because like my Larry just died you know what I mean like that's what it's like Dole this. Everyone is being treated. Every everyone of his. Supporters are being treated like they're dumb and then they are not dumb and I think can see through this. All right. Well, we'll keep track of the federal troops in American cities in it. So what's so interesting is that with this, this new alert that we got the, you know the troops are GonNa. Be Leaving Portland it's just like how much money was fucking wasted. That could be used on one of the on this three trillion dollar fucking bill you know what I mean. Hosting supplies. Right, we can't even test people. What are you doing just? Ahead. Buildings. Use these troops to go collect saliva and fucking batch test Americans. What are you doing? Maybe that's what they were doing in Portland, they just trying to get this online but. It was newly aggressive antibody testing. Oh I bet you FDR would've had troops collecting saliva. All right. Let's move onto official topic number two. So trump cancelled the big the big RNC convention that was planned for Jacksonville after moving it from North Carolina because they wanted to establish some pandemic protocols for the Convention which thing is fun hilarious. Cancel it anyway. Because there was a huge surge in Florida so. GOP leaders were like I'm not going for the record. Skin to what I'M NOT GONNA go so trump basically when canceled it and said Oh it's it's not the right time and kind of made it seem like he you know he's like the the adults you know that was able to make that decision. What so. What do you think of this cancellation? What do you think that means for his for his party? I don't think he was his idea. I mean I feel like he wanted to have the convention. If everyone in Florida Heck Corona virus, he's still have wanted to do it. I think it was definitely probably somebody in the campaign having the sense to be like. Okay maybe let's just not like go this far especially after we all got run by wing went to Tulsa? Scaling, back a little bit. The. Well the the actual and the. Funny thing is like the actual convention part where they decide on the platform is still GonNa Happen in Charlotte. North Carolina. And and here's another fun thing. So trump said that they're going to you know they're going to want to do the convention through Tele Rallies. Trade that Marked The valley. So Nancy. Man He doesn't disappoint is so on brand but I blake. Bro Nobody wants to use the word Tele Rally took. It's your going to fight you in court for the. The Democrats will say like virtual fundraiser with a few more syllables and it's fine. The rally trademark meeting. Do you think that not having an convention and that not being able to do these rallies will in itself like forget just everything else. Do you think part of what made Donnie of valuable kin in two thousand sixteen? Was it? These rallies had some sort of entertaining effect that carried through to the polls like do you think that without the rally with whatever? God? Dare I say charismatic energy that he provides to these mass audiences that he could still win like is a Tele Rally GonNa work for him. Nugget I don't think years I don't think the bulk of his followers figure out the zoom thing. I think I think they probably have a little trouble getting the remembering to mute themselves every talking over each other. I don't think I. Don't think it will have the same energy 'cause like is hard enough listening to him. Talk anytime let alone on a video call where there's literally no energy right? Right. I was talking to I heard this expert speaking and. Honest zoom call about like how to present on zoom and He was saying that like if you don't change what you're doing every seven minutes like in with it like at the seven minute mark is when people on Zoom start to go into a catatonic state. And so you have to kind of like dramatically changed like what you're doing or like the screen you know you have to screen to do something because that's how like mind numbing zoom becomes. and. So I just was thinking like Donnie does. And he'll do the same tone of speaking for like two full boring horrible hours. I get it. I would get into a catatonic state live. You know what? I mean like watching him do that never mind on zoom. So I do I do also think you know in the way that cults might work and I'm not trying to reduce trump supporters until like cult followers or anything, but but just like in the way that cult work on. Presence like you know it's different being around David Koresh than hearing about David Koresh from like just I mean seeing like a sound bite of David Right? There's there's a difference so I think there is something. That disadvantages him. In. Not being present. The DNC decided to large dual largely virtual convention. With I think a little bit of. A couple of nights a televised stuff people are going be broadcasting from all over the country as opposed to everyone in Milwaukee. So basically, we're not gonNA see like standard conventions from both parties. Are you bombed? Are you happy or you a different? Where are you with this Talla? you know I was going to watch. RNC. Convention. anyways. I. Think most people are like the most we're going to get from that are these as you sailing totally weird flat void lake. where? Like. He will get like the most outrageous clips switched probably, right? Well, the swamp. Lake Sarah Cooper letting. Preferably. A and I mean listen the DNC for civil, Bay. They went they went to tell her how he mowed quote unquote like way earlier to the convention and so I think it's just GonNa. Be Like better plan. It's going to be more fun like like the DNC I think always is in terms of like whatever they're gonNa get you know they're celebrities and they're like musical I think it's going to be more fun. Am I going to watch it like probably probably not? I mean I at this point. I just WanNa know who the VP s like. That's that's. Why I'm invested in, that could question for you tell if the VP. Like it's it. Is there a VP the pick? Of the names that get floated around those names being Tammy Duckworth, Kamla Harris Elizabeth Warren. Abrahams. Yeah. Stacey if she's I guess still still on that list, there's a there's there's a couple of others that I'm blanking on their names. Susan Rice I think has been on the list. Is there anyone whose name has been floated that you would just be massively disappointed? Disappointed yes. Yes as a twist. List said I mean at this point here my feelings about Joe Biden, very, very really like I'm not I'm not waiting I am not expecting to be like super excited by Joe Biden or surprise at this point by by anything that he does I, think they're handling him well, whatever. I don't need to be excited. That's very clear to me about this election. I just need to keep my to vote on the house right. I think almost like an PPAC will be good will be like a novel is nothing else I would be more excited about Stacey Abrams Anna or Ann Elizabeth Warren than maybe some others but like even if it's Kamla who like I feel like less excited about maybe I could frigging get behind her and I think she will. She will help him ultimately and I think he needs. He needs like he just needs something new like the man just needs a new shirt and. He needs he needs a little maker which is going to get it through the VP somehow. Trayvon. So I'm just going to ask you the same question, but I'm throw into the pot a couple of more names, the names that I couldn't remember people like Tammy Baldwin Karen Bass. And there was one more I wanted to talk chalance bottoms. So yes, the again is there anyone that you would be disappointed by? Silica wouldn't be disappointed so much by. A particular individual, it would probably be more. So someone that I don't feel. Completes the ticket in a way that people in this particular point in America want to see like that can provide. People with something that they feel comfortable enough with that. They know enough about the person that they have. They feel like they have the experience to not feel like, oh, it's still for the most part just Joe, Biden like I would love to see Elizabeth Warren to get the nomination because I feel like. I'm I'm fine with Biden being the guy because he is a competent person which we haven't had a very long time. But at the same time, it would be nice to have a consumer advocate somebody who represents a part of the party that is clearly growing rapidly and can help push us forward and push Joe Biden forward on the issues around things like health care and. Taxes and all the things that people rallied around her and Bernie for that. Communism experience as a prosecutor were you. A little yeah. Does. mean disappointed if she's the one. I would not. I would not be very excited by it. I would. I would feel. I would be very kind of. Indifferent for lack of a better word, but it wouldn't be based on her her record. As a prosecutor because I, feel very strongly about issues around. Policing and things of that nature and. I don't feel like. I trust her yet in that regard she hasn't convinced me that the things she's done. were. Not who she is. And that she would bring that to the White House and that troubles me right. Yeah. It's a tough choice. I gotta be honest because we'll like if it's me it's our listeners know this because I was. So just obscenely obscenely in the bag for dubs. and. The. Love Letters. To Elizabeth. Same same same same. Saying that I also recognize it's a very difficult time to have to white people on the ticket, but also that she had. Like incredible support from leadership of organizations of color you know. So it was just it's a weird. It's just weird heart because I do think her policies actually support people of Color. than. People some the candidates that are people of color which is about but yeah, total bummer total. Yeah. Yeah. I think the I think another thing too that I think people definitely to realize now through November is. A lot of people. Especially, non people of Color. Feel like they can make all these excuses for why they can't vote for someone like buying in and because they don't want to like hold their nose in Beaufort. They're not in love with and to that I say. Black people have been holding our nose and voting for candidates. We don't like our entire existence in this country that we've had the ability to vote, and there was one time in this country where we were excited about a candidate and it was not that long ago, and so if if we can spend our almost entire existence in this country holding our nose in voting for white people who we don't necessarily know that we can trust to to support our issues and and do the things necessary to make the best effort to propel the country forward, you can fuck vote for Joe Biden's get rid of Donald, trump one time in your life. You can do that. It's not gonNA hurt you. It makes me so upset because it's just like grow up like being adult like that's how politics works yeah yeah. Yeah and I also someone who's like I'm never probably. Going to see an Iranian American. Maybe maybe view piece of. Stupor election. But you know yeah. So it's like. It's like, yeah, it'd be an adult. That's a really excellent point on the lake. Is Not. Yes. Say it say it is. Now also things are so dire for so many communities that now especially is the time to be a doll and registered go and vote for Biden like that's it. That's it. That's it. I want to just quickly turn our attention to some of the fear surrounding the actual mechanics of voting. Now, I, don't know if you know this but in my district here, in New, York City I my rep is Carolyn Maloney and she had a very serious primary challenge from Suraj Patel and the margin that hurt that she has over him is so so so minor and they're sixty five thousand ballots that have yet to be counted. That were vote that lose my baby crying if you can hear that okay, there sixty thousand. She's not happy about the fact that. She's really upset and she's like. Warren that's what every time. So so so Carolyn Maloney insurrection until that has not yet been decided right, and this is not just because it's it's a close race, but it's part of the problem is that the actual mechanics of like literally the postal services involvement in getting absentee ballots and then when are they to H- like they found a random box of absentee ballots in Chicago that were for Wisconsin election in April you know what I mean these kinds of things are happening because the mechanism for mail in ballot mail in ballots hasn't been. Tested before and most of these states I mean there are some states that already have that right like Oregon whatever. So for them, it was really easy. But for states, you know most states that don't have this. Mechanism in place, it's very difficult and. Were almost in a situation. Crazy almost a situation where. We kind of to ask people if you are healthy, please go vote in person. Like if you don't work, you just throw on a mask go stan a really long line. And socially distant vote in Safeway please do that because I'm worried about actual physical votes being counted is that something that keeps you up at night? My God. Yes. The other thing I wanNA say is also I've been a little bit of this online like telling younger healthier people to go be poll workers like I think. Important to. Lakes it's usually people older hickory the the I. Like those people do not need to be sitting in a in a you know airless room all day. Yeah Yeah I'm I'm super worried about this. I'm I think if everybody had like the best intentions, we would still be pretty. Fox But obviously, a lot of people do not have the best intentions. For for a vote by mail. I mean, they're like trump is just trying to dismantle USPS left and right Funding may run out in September. So that's the other weird out. Yeah Yeah Lake I. Tried to get an absentee ballot for New York and I just never received. Just, never received debt. You know like I I'm were I'm worried I'm really worried about it. I also think like the other thing. I think we have to get used to now is like we're not gonNA. Get the results on election day. No. Like people need to at like. I think we just need to accept it now and no. So that so that the bullshit CNN I know is still going to happen like it's like I. Think we just need to tamp down expectations. No that like we're gonNA find out in a week because again like they're still counting votes in New York City which is insane but is totally going to happen. That's can I make a pitch? To solve some of our problems please. The pitches I think influence young healthy influencers, youtube stars and celebrities and I know some of you listen to this Beckham podcast should be whole workers. Right, like you don't need the money so immediately donate that money, but you may actually bring the young people out to vote. Again, it's like again I don't want to like encourage people to go out if they're not healthy but. If kind of measles do something good for the world, sit at a polling station and lead. Ten thousand fourteen year or ten, thousand, eighteen year olds lineup to vote at her polling station. Kylie Jenner is allowed to go be at a polling station in a swing state, but that's what I really WanNa see. Fish. Jerry good idea. Bryan. Can someone please make this happen by the way I, know influencers you're listening, make it happen create the Hashtag you could take all the credit but that is my. Coffee. Please Paul's. Is Influence the polls I love that. All right. People have faked the nation. Let me know does it keep you up at night and if this keep you up at what aspect of the two thousand election still keep you up at night. Send me all your anxieties. All right. Let us move into topic number three. We read a piece called the real white fragility by Ross. DOUBT THAT IN THE TIMES and. Many of you are wondering if it's a summary of the white guys that I have dated. and. That's what I thought. When I first saw the title of the article it wasn't that I'm going to quote doubt that he says, if you're Berge, Wa order is built on a cycle of competition and reward and the competition gets fiercer fiercer while the rewards diminish that instead of young people hooking up safely on the way to a lucrative job, a dual income marriage with two point, one kids you'll get young people set adrift unable to pay off postponing marriage permanently while they wait for stability that never comes. So blitz launched into this by asking the central question posed by the article. Does, the white upper class feel exhausted in oppressed by meritocracy and before you answer I, have a feeling that you may want to completely dismantle the entire premise of this piece. Before. We do that Let's just argue. The merits of the of the premise as they as they are trayvon what were your thoughts when you read this? I wanted destroy my computer. I can't like as someone who? Has An opinion piece in the New York Times today it's. Kind of astounding that these words also get in Near. Opinion piece in The Times today I didn't even know it was coming out today. Apply. What's it called it's a piece about John Donelson the the most famous baseball player you've never heard of the. The pieces. This great baseball players still isn't in the hall of fame is ant-line. Check that out. So exciting working on a movie about him and so. It's just I mean. Most of the stuff he writes I want to vomit even getting half like if if I didn't get through half of it, but like this is just absurd Don't even know where to begin. Its. The premise that is so I think hard to to get on board with is that meritocracy? Is the thing in the first place I? Think that's like Red Flag Number One L. What? Even in the upper echelons like right even in the center of white privilege if you have a person. An upper income person who's white in has connections in an upper income person who's white and doesn't have connections. It's still the one with the connections right? It's not. It's all meritocracy up here. So that's a that's a big part but I think there's one thing. Ask You. This is something that I thought was interesting. He talked about the that we have a problem of overproduction of elites that we have a surplus describes like we've had a surplus of young smart young Americans pursuing admissions to a narrow list of colleges whose enrollment doesn't expand with population even as foreign students increasingly compete for the same stagnant share of slot, and that seems to be true that we do have like and more and more people that are super qualified to go to these elites colleges but are getting rejected just because the sheer volume of people that are qualified to go to these elite colleges. Do you think. A, the overproduction of lead to has led to in exhaustion. kind of exhaustion of this, this competitive will say again, meritocracy. Rostow I struggle with that also, can I just see paddy for a minute and say that he's he's a bad writer like his writing is really convoluted and It comes to. WHO's your editor betray Friday on your? I have to confess I had to read twice. I had a hard time like you know following the main point. Yeah. and. He kind of wrote five paragraphs before he even sort of about this sort of meritocracy before he liked to be. What was your question again I'm I'm distracted by homage I. I dislike this. Okay. I. Just WanNa say also it's like I can be cynical but like the cynicism the the fact that he felt like this needed to be written right now to say that Lake You know college educated elites elite white people are Sadah, and so that's maybe why they're getting. hopping on the train read however he wants to. expressed the sentiment of B element of of this social movement like it. So fucking cynical that kills me. But wait what was going to say about Yeah I mean the other thing I think he he what he doesn't he's he's done this before and other articles of his Iran like he makes statements where you Kinda can't. Prove against it, but he's leaving out. So much of the bigger context it's like, yeah, I mean sure there's there's a lot more leads dislike there's less jobs maybe phenomena it's like let's talk about something about capitalism like let's talk about like where we're headed like talk about automation in jobs and technology and that we don't have a social safety net in this country, we don't have healthcare for people like those are the things making people sat and like yes I guess they also ultimately affects. Rich College educated white people. Right right. So the I think that's exactly the underpinning of whether or not you feel anxiety isn't that meritocratic systems are overburdened overtax with so many with with so-called production of elites. That's not what gives people anxiety what gives people anxiety is that they have no social safety net even and I think there's something that's true which is that even if you do graduate from an elite school The universal thing is that we're all gonNa feel anxiety because we don't have healthcare we're all gonNa feel anxiety because we don't have universal childcare. We're all GONNA. Feel anxiety because there's no universal pre-k. Right because you know there's no one there to to take care of our our parents who might be ailing. This these are the things. These are all like universal. That that doesn't. Give us anxiety. Across race and the. But not necessarily cross class, right? And it's not it's not about this the the the the competent, the high competition of the MERITOCRATIC system, right? Like that's the thing that. It's like he he kind of fails to mention that we have no social safety net. Lot He always does us. He brings it back to a what we're missing is the traditional family structure what were alleged like it. It's it's so predictable. I do want to say. That there is something like that if if religion is diminishing in importance. And if your neighborhood is diminishing in importance if like you know some of the elks club or whatever the fuck it is if those kinds of institutions are diminishing in importance and those were the places that you could've turned in times of need or that you could turn for some psychological comfort and those institutions are increasingly gone I do see his point that like. There's those those institutions, serves some sort of function before and compensating for what was low incomes. You know what I mean, and now we don't have those institutions. I guess my thing is we shouldn't need those institutions if the government was structured such that people were centered by it. Yes. Yup. I mean. Trayvon is there do you want to? My question for you is. What about the the use of the term white fragility I think in it in on its face was problematic just like why do you even need to use that term? Uh. Can you maybe explain to listeners why that might be like what white fragility means historically. Way kind of giving us new take is really upset. I mean when you if you understand. Robin di Angelo's definition of white fragility. which is to mean that when it comes to dealing with issues of. race and being confronted with those things why people have a tendency to try to center themselves and when the conversation becomes too heavy for them they they break down and are no longer participants in the conversation and they need becomes about placating them and their feelings around the thing you're trying to to discuss or or a breakdown in that regard and for. This article this opinion these. Two even in bulk the title. Yeah it. I mean. It's astounding to me. It feels like. He will. He had to turn in a piece. He looked around the New York Times office and saw a copy of fragility. slapped. And just decided I wanNA talk about the real white fragility soon as I figure it out. Title. He got five grand like you said, before he got to the actual topic and was like and now bring it on home Ross. It was. It's remarkable. I. Think especially in the summer of two thousand twenty like see this article coming out in twenty, twenty two or something when we have a little bit more like. Time where we can look at the events of the summer and like think about how they've unravel. Maybe you but this is crazy. Doesn't he doesn't even give a good redefining why fragility would mean like there's not even a good example of what the quote unquote real white fragility is. It's It's it's a lack of understanding the original idea from the start, right? Right right. Right. He says anything about the SAT's like if we get rid of the SAT's. That means that elite schools don't have to Blake Bring Asians in and then. I. He's going to use this mode are interested in this because they're going to use it for themselves like. Confusing and really get. It was really crazy. All right. Well, on that note I would say, you don't have to read that piece we just basically. Told you why you don't have to read it I. Mean I I'm always interested because you know sometimes you're in article like that and maybe it's like well written and you're like, okay I mean, I'm glad to kind of see the thinking of a person like that. But this was really Poor thinking it was a title waiting for an article. Like what I saw the title I was like, Ooh? What's that hunt? And then I read. Okay well I have to do a very exciting thing which is shout and election district to Nebraska. This comes from one of our listeners district tuna a BRASSICA. and. The listener points out a place like many in the middle of the country, which is often ignored and also much less read than it's made out to be. This district makes up most of Omaha by the way Don Bacon, and carry Eastman running answer each other for the second time this year. The Listener Rights Baron doesn't stand for much besides voting along party lines before running for office however Eastman. Founded a local nonprofit addressing environmental factors on children's health on children's health. She? So, this is a this is an interesting race. She has also received again this. Kara Eastman has also received the coveted Elizabeth Warren endorsement. So. I just wanted to you know if you were in district two in Nebraska. Look at this race, get involved with this race and listeners of fake the nation. Tell me what are the interesting races the you're in the middle of that I should know that I should. Shout out loud here on the podcast by the way this this list pointed out. Nebraska and Maine we've talked about this before but I want to remind everyone Nebraska Maine are the only two states that don't have winner take all electoral votes. So if Biden wins and Omaha. He'll receive one of the three electoral votes that Nebraska has, which is exciting. So don't forget about Omaha guys don't write off Omaha Omaha could get us an electoral vote. Again the Electoral College fucking ridiculous and we should abolish it. All right. I'm so excited that you guys were on the show. We like to end the show by asking is there something that is making you hopeful about our current situation? You know it's a tough one. It could be like a new brownie recipe that you tried and worked really well, or it could be a world leader. It really doesn't matter. I think the prime minister or president got I was literally. See. My My northstar. Everytime I go I just go read New Zealand politics just to see what she's up to it was her birthday I. Think yesterday also slash she's only forty, and I was just staring at her lovingly and for like ten seconds of like really good birthday energy. You know it's It said that New Zealand isn't like a world power and that it's like a teeny tiny little country with just like a few people in it but you know. It's a vacation if you ever want to go I love it there have you bit. I spent two weeks vacation a couple of years ago. And it's it's incredible. I would love to live there. All right I will I will give you both into arden as what's making hopeful. But I also want to let the listeners know where to find you online. They could follow all your work on where do they do that? Trayvon on twitter and instagram. A T. R.. A. V. O. N.. He was an early adapter south. Talla where are you? On I'm at tower ash with an E. Twitter Instagram? And Watch. On. Get back to work. They could probably back. and. And this week would it be on on wait wait? Don't tell me so to that and You know other things that will probably happen soon we wasn't there one more thing I. was supposed to mention I can't remember. What I would really like to do now is thank the people who make fake the nation possible. That's our wonderful producer. Anita Florez talented audio engineer Andy Kristen's Gabby ultrabra music. Lily fleshler helps with research and you know we love to hear from you especially love to hear about the elections you're excited about but send us your feedback topics. We should be chatting about gas ideas. You might have to leave us a voicemail three, hundred, one, nine, zero, one, zero, zero, zero, five or drop us a line I come to the nation DOT com. You like what you hear. Please do leave us a review at Apple podcasts and helps more people find the show. And I believe in that and we'll see you next week. CARE.

Trayvon Joe Biden America Elizabeth Warren DNC New York Times Portland producer Senate DC Donnie Florida Paul NBA Brian Foss DC comics writer Nebraska Apple president
Pharmacy Mergers Could Be a Bitter Pill for Consumers

Business Wars Daily

02:32 min | 2 years ago

Pharmacy Mergers Could Be a Bitter Pill for Consumers

"From wondering, I'm David Brown and this is business wars daily. It's Thursday, September twenty seven. Last time you picked up a prescription, did you gasp at the price sticker shock is causing a lot of pain for American households and for employers trying to manage expensive benefit plans. It's also one of the stated reasons for two of the biggest deals in healthcare, mergers intended to make drugs more affordable. Last week, antitrust regulators approved cygnus, Fifty-two billion dollar purchase of Express Scripts. The nation's biggest pharmacy benefits manager that company negotiates drug prices for employers health plans. It also owns some specialty pharmacies, observers, say department of Justice approval bodes well for Express Scripts, rivals, CVS health. The drugstore chain is trying to acquire Aetna. One of the nation's largest health plans for sixty nine billion dollars. Federal approval is pending, like. Express Scripts. CBS health manages drug benefits in own Spar Macy's, the now rivals, Cigna and CVS health have each promised that the acquisitions will improve patient care and lower costs. But critics believe this is unlikely activist investors, hospitals, employers and other health plans who have opposed the mergers warned that both acquisitions will likely fatten the wallets of corporations and consumers will suffer once merged. The two healthcare giants won't just compete head on with each other looming over them is Amazon. It recently purchased pill pack and online pharmacy. All this healthcare dealmaking causing your blood pressure to rise. Don't worry. There may be an overpriced medication for that too soon. From wondering, this is business words daily. We hope you feel better just listening to our show. If you do, please give us a five star rating on the podcasts, Google podcasts, Stitcher, or your favorite podcast app banks. I'm David Brown. We'll see tomorrow.

Express Scripts David Brown Aetna Cigna Google department of Justice Amazon Spar Macy CBS sixty nine billion dollars Fifty-two billion dollar
U.S. Stocks Tumble More Than 7%

WSJ Minute Briefing

01:42 min | 1 year ago

U.S. Stocks Tumble More Than 7%

"We see engineers simulating the future to improve today at Emerson win issues become inspiration. Creating a better world isn't just a result it's a responsibility. Emerson consider it solved. Here's your midday brief from Monday. March sixteenth. I'm Charlie Whelan for the Wall Street Journal the S. P. Five hundred fell seven percent within the first fifteen minutes of the start of Monday's session and that triggered another halt and trading investors remained concerned that the Federal Reserve lowering interest rates near zero over. The weekend won't be enough to ward off a recession caused by the corona virus pandemic by midday the three largest US indexes were down about seven percent. The Senate reconvenes on Monday to consider a corona virus response bill from the House that would make testing free and provide paid sick. Leave too many of those affected by the outbreak. President trump has endorsed the bill. But some senators say it doesn't go far enough or provide financial assistance fast enough. Meanwhile another stimulus proposal is being drawn up by lawmakers and the White House that bill would help workers who miss paychecks and companies that lose business. Such as restaurants and retailers apple is facing one point. Two billion dollar antitrust fine by Francis Competition Authority. It has accused the tech giant of orchestrating a distribution cartel with wholesalers between two thousand five and two thousand thirteen. The fine issued on Monday after nearly a decade of investigation is the country's largest ever antitrust against a single company. Apple said it strongly disagrees with the decision and would appeal more details on these stories and other news of the day at wsj.com and the WSJ APP.

Emerson Wall Street Journal apple Charlie Whelan President trump White House Francis Competition Authority Federal Reserve Senate US wsj.com seven percent Two billion dollar fifteen minutes
Convention center expands still, despite pandemic

KUOW Newsroom

00:59 sec | 7 months ago

Convention center expands still, despite pandemic

"Maybe you've seen the large metal structure off. I five in seattle. That's under construction. That's the expansion to the state convention center. The pandemic blew a hole in its budget. And now it's getting a loan from the county as kyw's anna boyko y rock reports county officials say the one hundred million dollar loan is a good investment developers. Say it will save jobs and the tourism bureau says mothballing. The project would be quite a tragedy. They're convinced conventions will rebound after the pandemic according to pre pandemic estimates restaurants and hotels stand to gain the most from the nearly two billion dollar expansion of the convention center downtown. That construction is funded through taxes on hotel stays. And that's how the convention center plans to pay the county back to county executive dow. Constantine says he's confident travel and hotel taxes will come back and the loan will be repaid. The convention center is scheduled to open in twenty twenty two anna. Boyko winrock kyw news.

kyw anna boyko y rock one hundred million dollar tourism bureau two billion dollar seattle Constantine Boyko winrock anna kyw news
Egypt Shares Jump After IMF Agreement Announced

Newscast - Africa

01:02 min | 1 year ago

Egypt Shares Jump After IMF Agreement Announced

"You're listening to the news are on Africa Business Radio. Egyptian shares jumped on Sunday. After the International Monetary Fund announced on. Friday it has reached a staff level agreements with Egypt for one year five point two billion dollar standby loan to help its grapple with the coronavirus pandemic, the benchmark eeg. X., thirty index was off three point seven percent in early trade, the index has fallen eighteen point eight percent this year, mainly due to the pandemics effect on the economy, including shutdown off the thoresen industry. The IMF said the agreements which must be finalized by the IMF Executive Board. We'll save God economic gains achieved by Egypt's over the past three years and put the country on a strong footing for a sustained recovery. And, that was the news at this time when Africa Business Radio, you can't continue to this in life online at stop. W. W. Dot Africa Business Radio, DOT COM or fire a mobile APP. Thank you for listening.

Africa Business Radio W. W. Dot Africa Business Radi International Monetary Fund Egypt IMF Executive Board two billion dollar eight percent seven percent three years one year
THE 3 STEP TO BUILDING YOUR MARKET AND SELLING MORE

The B2B Revenue Leadership Show

26:31 min | 1 year ago

THE 3 STEP TO BUILDING YOUR MARKET AND SELLING MORE

"Hey everybody welcome to the PD revenue leadership podcast. Hey what we do in this podcast is talk about what B. Two B. Sales and marketing leaders operators experts doing today to really break through and grow their businesses at exponential levels. Let's let's get it in the interview at the end give you an update on my courses and you can check out my website at B. Two B. Revenue Dot Com and it's Brian G Burns aw on linked in I brian thanks for having me on I really appreciate it yeah so I'm the CEO and founder of sales nexus us and we're a sales and marketing automation platform for medium size B. Two B. Sales Teams How did you get interested in sales while I was a salesperson in fact I grew up with with my stepdad worked from the home as a independent sales were at a like a manufacturer's Rep some New York he had this really awesome life he is big hunter and Fisher so basically every Friday he would take off to some far flung place to go hunting or fishing and come back on Monday and and work from Tuesday to Thursday made a good living you know so I thought wow that looks pretty cool yeah wow my dad was a manufacturer's faction's Rep as well really yeah so at the end of his career he was a rap during it for other people but then when in on his own and it's kind of I still have friends that do it manufacturer's Rep so it's kind of a unique business model but one that seems to work for a Lotta people yeah gives you a lot of flexibility that's what I saw and what did you sell when you were in Drexel's well started off selling car wash controller so like you know stick your car to the full service car wash and and it moves through the tunnel and all the right machine Sheen's come on at the right time they'll that was the computer I sold wanted that out and who would you sell it to gas stations or car wash those full service is car Washington there's there's a lot of dealers in that market that sell to those car washes in their local areas so those are my main customers did you like it yeah it was great I got the same benefit that my Stepdad got I I got to work from home I had a lot of flexibility I would get up early in the morning the guy I work for taught me really well he taught me how to smile and dial and how to how to get focused on it be good at it and be affected so I could get up in the morning have my a coffee start making my calls and heck by noon I was done the only thing I had to do in the afternoon was processing any orders I had taken and you know no paperwork and stuff like that and did really well and and they'll cool and what was the impetus to start your own gig young company will long story short I did well with that and then ended up getting hooked up with a software company in the energy business here in Houston it was a start up that had this Israel unique software that we were selling to gas exploration companies so now I go from seven to these you know car wash dealers are pretty small call mom and pop businesses to selling million dollar software packages two billion dollar corporations right a whole different deal so lot of learning there but ended up doing pretty well with it and we grew I hired sales people and we ended up needing a tool to keep track of things right make sure we're staying in touch with the right people at all these oil Oh companies you know very complex sale cycle with lots of influencers and all that and so we were using act way back when you know that was Umbrian Adia these kind of things back then and it was great but then we merged with a competitor and I inherited this Sir far-flung sales team where some of them were out at Denver where our corporate headquarters in Houston mom worked for Hump from home and other places and keeping them all in sync up in the same act database was a real nightmare this was right win salesforce had just I come on the market they were brand new and so we thought wow that sounds perfect for us it'll be the internet we won't have to sink anymore everything will be real time awesome it was good in those ways but it wasn't as mature as it is now and we missed a lot of the functionality -ality that act hat and so so we that's what we just decided to do is start the first online version Anna Act that's what sales next was initially I remember trying to use multi user act it was it was a great tool for an individual sales rep but right out great for a team and as an individual but then it's on your Europeans see so if anything goes wrong you have to back it up you have if it gets corrupt you're hosed examined the old days of software right yeah those before they even knew what the cloud was yeah and so how do you sell it today is it do you have a salesforce or is it more more of a marketing automation type sale advertise and then demo and close yeah I mean it's a lot of that we do a little bit of both really so you you know Pete lots of people come to our website they see our ads and and things like that at the come to our website and sign up for free trial and we they play around with it and we do demos and stuff like that but then also we're out there you know banging on doors and pursuing sort of strategic accounts and markets as well and what do you see sales people doing wrong today I mean you know it's funny thing is it hasn't really changed the it's the same things that we were doing wrong back when I was online sales person you're not doing enough prospecting you're not filling the funnel and you're not following up enough that's the two main things today where we see the most low hanging fruit is you know in any sales organization right you go your especially in outbound sales organization where you're cold calling or knocking on doors or going doing a lot of networking or trade shows you know you're going through a lot of leads you're talking to a lot of people and you only close maybe twenty twenty five thirty percent of so that means eighty or seventy percent of all the people you engage with don't become customers and most sales teams even today basically basically throw them away you know they're not doing anything to stay in touch with those people because they're so focused on who am I going to close this month right yeah and and that's that so many of the things that we sell our event based meaning that you cultivate a need and a desire and you have to be there at that time that its surface yeah a lot of education a lot of persuasion a lot of transfer of ownership and that those long long time gaps it's easy to forget them it's easy to deprioritize them right and some of it we should but in the more ambitious just one of us should be able to do both yeah well it's a great point you're bringing up especially in a technology sale of some sort where there is a lot of that education that goes on boy you invest so much in creating that awareness and need in the customer's mind and if they choose not to act right now for all kinds of reasons could be budget could be things that you're not in control of but you've made that huge investment so if all you do is just kind of stay in contact with them so that when the time's right for them they they call you then that's magic and now today with with technology like ours and others you can automate that right where they're just get an email from you once a month that's kind of given them the opportunity to tell you the time is right if if I ignore orpheum emails from you and then also on the sixth one I download the PDF or watch your video or something that's me saying times right you should call me and one of the best pieces of sales advice I ever got was from a manager who said you know you got the the elephant hunters over there that wasn't really me and then he got the guy who chases everything and nobody has time for that I try and focus on the ones that can and will close and as many any of those as you can sure in on that I that stuck with me because the elephant hunting too risky and working working eighty hours a week doesn't really scale right especially you like to hunt right I know you you WanNa you WanNa let lecture sales people like you say just focus on the ones who have a strong need now enter closeable and let technology take care of you know keeping them in front of a much larger audience than they ever could on the phone or manual though and that's it I think today with technology and you know we have just the opposite problem that we had fifteen years ago where we had no data today okay we have too much data right and even when I got started in sales we had zero data you could by phone books wasn't the Internet it was hard finding the main number never mind somebody's number right sure no way did you see the sales tack space going are you excited by it you must be sure yeah I mean there's so much that's happening and of course there's a lot of snake oil will you know it's easy to it's easy to call something. Ai and people are super cool yeah I mean for me it's always been about I WANNA help sales people be better sales people be better at actually chilly building relationships with real people and do a better job of helping those people get what they need right and and that's mostly only a client's world and really understand what their challenges are and and kind of serve as their guide and help them get where they're going and that's it that's is that what we should be as a guide and I keep using this analogy if you showed up at a nice resort and the Bellman said well where would you like to go or how would you like to get to your room what we say you isn't that your job you're you and we kind of over COMP- make a too complex and we keep asking them what they want to do next we should be leading them on what they should want to do next and why they wanna do it right right and I think technology can help us there because we're managing tens of accounts all different stages and trying into you know we set our context every time as hard F- yeah you that's a great point you really the the vessels organizations that I've seen are the ones that they don't talk so much about their sales process they talk a lot about their buyers process and what's that journey look like and and if you can that you know you know prospect a is at the very early as sort of awareness and education stages than that's a conversation you need to have Blackley yeah but if you know the prospect is already been through all that and he's he's talked to ten vendors already and he's really ready to make up his mind well that's a whole different conversation and and I think too many of us listen to our companies present demo proposed negotiate clothes and it's like well just make sure you're really there because once you give her as their their customers there and they have a buyer's journey but they probably don't know what it is that no I then I I did a video about how I was buying a house I was just a fictitious video and you know if you ask somebody what you're buying process to buy a house does the B. Find a house by house right but it forgets all the steps in between getting financing getting inspections office the getting on all the testing and the comparisons about the school system and all the little details and that's that's what a realtor should be doing for yeah that's actually a great analogy you know because we all know that experience we all know I don't know about you but I've dealt with some realtors who every it seems like every transaction they go through it's their first one again you know and they show they I show up on Friday afternoon they go okay we'll get all this stuff going on this weekend and we have to do a million things right now you know what should be happening thing is back a week ago we signed the the listing agreement they they should have handed me a roadmap said here's the things we're going to need to do and here's here's here's what you need to know about those things what does you know what is an inspection and why does it matter and rise all that kind of stuff you know and I had had bought a house from a kind of a friend acquaintance and I was thinking saving all this money busy week he just gave me the realtor's fee he goes here's the calms I'll give you the six points off and let's do it now that was great until I went to try and get a mortgage right because I didn't know how to get a mortgage I'd ask my friends they go try this person and the mortgage broker just never gave me an answer now when call me back and I'm like do I stick with this person do I go to the next one and then you gotta find somebody to close somebody and then that person gives you a list of things you need to bring right and they won't tell you the amount until like an hour before you close you're GonNa make sure the money's in the right place and he can't just bring a hand check it has to be a certified fight check yeah how how am I supposed to know this right so that's kind of the buyers process without anybody guiding you now you wrote a Conan e-p-o-c-h or is it a white paper well we call it our guide we call it the four steps tomorrow domination guide and basically it's Kinda it's funny that we're having this conversation because it's essentially a guide to business that wants to get some crm and sales automation marketing automation in place and isn't sure how to do it you know the unfortunately there's a as I said before a lot of snake oil in in the marketplace and and there's a lot of technology that promises to solve all your problems there's also a lot of consultants around out there that will charge you a lot of money any to help you figure all the stuff out right now and it's crazy about the amount of money I see people spending a moat in fact there's studies his that I've seen recently that say that on average businesses spend one point five times the amount they spend on the software on consultants to help them figure out how to use you which that's a surprise to most businesses I thought dot I can afford the software I didn't realize I was gonNA spend that and more on You know people to help me help yeah I mean you gotta learn how to use it and I've seen even the simplest of APPs and people say well how do you know anybody who does training on it and it's like yeah Youtube Google right you ask me on youtube right but they want their handhelds understandable yeah why do we have personal trainers right right we all can come to twelve exactly we need a little motivation and stuff right and then you have to connect everything and I think people are overselling what technology can do because I think everybody likes to buy into the idea that it's automating sales uh-huh at enabling sales it's kind of helping sales that's right yeah yes yes so we created the four steps to market domination because we so you know we've been doing this for fifteen years now and what we realized that is that it's not rocket science like you said you know there's youtube videos it would show you how to do all this but the problem is most businesses go about it in the wrong order and by doing that they make a mess for themselves to you know it's it's funny that we keep talking about houses and real estate 'cause that's the analogy we use if you're building a house you guys start with foundation right right if if you start picking out windows and painting siding for you've ever worked on the foundation you're going to end up with a mess right now and that's what most businesses do they is when they're buying technology they get all enamored of all the bells and whistles which is really the windows you know in the citing without thinking about the foundation and so that's what the four steps the market domination does it helps the business re in very simple ways we created some really we need a simple easy to use worksheets to figure out how do I need organize my customer base so that I can pull up the right segment the right target list at a moment's notice without it being a two day project for my assistant in and they'll so that can send execute on marketing ideas you know in a few minutes of so I can run the right report it's going to help me manage and sales team and manage my marketing that kind of thing so we so so you got to figure that out first and then you want to build the system around that when you start loading in your customers from your counting system or from your sales guys iphone or whatever you want to

Brian G Burns CEO founder fifteen years twenty twenty five thirty perc two billion dollar seventy percent million dollar eighty hours two day
After thirty horses die, questions about racings future

Front Burner

21:18 min | 2 years ago

After thirty horses die, questions about racings future

"This is a cbc podcast as i talk about it i can see on smell everything that i did back then any look i mean i'm looking up at a says my little girl it's a thirty year old homicide well we don't have any church unconnected felt like a murder has gotten away with stuff issue tell me now did you have anything to do with the murder someone knows something with david region season five now available goto cbc dot ca slash s k s hello i'm jamie so there's this racetrack in california it's called santa anita and if you're into horse racing it's a pretty big deal very story it also also happens to be owned by the stronach group which is owned by a wealthy unconnected canadian family well this race tracks latest chapter it's not to pretty so first thirty horses have died there the season and these debts they've thrown a track and the whole world of horse racing really into turmoil because the death they're not that uncommon the more i've read about this the more i started to wonder if this is kind of like what we saw captive wales and circus in a growing backlash against something when largely in scrutinized for a long time that's coming up on from yesterday's john survey he writes about horse racing seeing furby ellie times john hello thank you so much for joining us from sunny florida oh my pleasure so this story is centered on the santa anita racetrack can you take us back to the beginning of the season what what's happening well the season opened as traditionally does on december twenty six end they started having to breakdowns breakdown is essentially a horse breaks their leg and has to be euthanized hat and the next thing you know the numbers were starting to add up and then they east offer while but then around the middle of february i started noticing that you know there seems to be more deaths than than normal and then i'm actually on the phone with somebody at the racetrack and they said over the horse just went down oh it's battle of midway now battle midway say breeders cup winner in the third and the kentucky derby a couple of years ago and i'm thinking wow this is pretty big and did some calculations and it was a number seventeen and were talking about the middle of february the horse that has died yes for since the start of the meeting and so the next thing you know 'em you know i write it in the times in and then it just kind of exploded into a national story at that point santa anita racetrack is down four inspections today after the track confirmed the nineteen horses died since opening day in late december they acceded up shutting the training track down a couple days volley did some testing of the dirt and then eventually you know things got so out of control if they shut down the track about almost a month about three and a half weeks a major preparation for the kentucky derby was set for saturday instead it will be silence and so when you say the things got out of control tell me more about that yeah the jets just started you know mounting in the at one point they were gonna closely training track in tim rip vote who's the ceo of a strong group decided sided yeah okay no will leave it open for like half a day in another horse dies so it just really became public relations nightmare because by this point animal rights people were all over everybody about a dozen of them demonstrated outside of arcadia race track today the part that bothers me the most is putting him in a situation where they need to be put down if everything were safe when we wouldn't have these horses he's dead horses are hands so that's when they closed down the track for three weeks and end but then they keep it open at sometimes for training because you can't just keep a horse in the barn all the time they drag it out you mentioned the stronach said this is a very powerful canadian family and tell me how they fit into santa anita racetrack well they own it you know it's ts jesus stronach group in a previously said previously that it was called magna in let's start in owned by by frank stronach frank straw knicks life is they rags to riches story struggling tool and die maker landing in canada from austria twenty one building multi billion dollar empire but began in his garage and his no magna international about sex american racetracks and you know before we go any further i myself i'm not steeped in the world of horse racing i i don't know very much about that and what would i need understand about this particular race track santa anita well i think it's sort of the crown jewel of of the strong group although they would tell you it's probably gulfstream because gulfstream dream makes more money but santa anita is incredibly picturesque it's up against the san gabriel mountains it's a it's just a very beautiful track it even has a hillside course where a horse's start at the top of a hill and then come down around the race some of the names of the movie colony and societies blue bloods are as enthusiastic about the grandstand following the get inside or they may say the track and start picking their favorite in the time that it was a drawing fifty sixty thousand people want a weekend but that goes back into the sixties and seventies but horse racing has declined so much nailed now a big a big crowd that would be about thirty two just to go back to it happening this season and you know you mentioned there had been multiple that's and then i understand that things really took a turn in march and and tell me what happened then well by by the time they actually shut it down we were up from seventeen of twenty three okay end on that on a day that they were doing a local tv station the fox eleven in las angeles who's doing stand up with the track in the background with bob baffert who's probably the most recognizable trainer in horse racing with the white hair and all that twice winner of the triple crown an endless bob was telling me you know he was looking out of the side of his sort of the the quarter as i and he sees this horse that's really sort of laboring down the stretch he's thinking to self you know you got pullout horsa and so i got a hold on hold on hold on hold on hold on didn't in the worst kept running and then as she was near the finish line to basically broke both from like oh it's all happening in the background of this tv interview and then eventually caught on camera it's caught on camera and it's live and and it was supposed to be a you know a softball story story about you know how you transport horses or something like that and that that was number twenty three in that was really sort of the really sort of the flash point can you tell me what that looks like you know that the image that captured on television who basically use you see a horse go down almost two like their knees and on inability to to get up a it's it's quite horrifying i mean i'll be honest with you i only watch a breakdown once if i see live a because i have no no desire to see it over and over again here's the thing normally when horses breakdown it's completely on a vessel you'll suddenly see a jockey just sort of pull the horse up and stop the horse had a it's because they you know horses don't always collapse but horses on always break to front legs an m that's what made this wouldn't even more horrifying but it's not it's not all it's matter of fact it's it's unusual to see the horse just you know collapsed onto the onto the racing surface but that's that's what happened here and and what happened to this horse really be wishy euthanized an income we talk about what's causing this what's causing libya's lakes but also you know what's precipitating all of these debts that were seeing at santa anita off in the last several months well they still don't know the answer to that but i wrote a story over the weekend where i had a few series and the first theory is that excessive amount of rain created a situation where the the dirt surface got out of balance you know the the play in the dirt silt all those things and make it up and one of the things they were doing it's called a ceiling the track where they could press the dirt the water states on top of the dirt and then runs off rather than creating mud well when horses run that it's really hard and it could create micro fractures those microfracture may not show up you know in that race the next one of the next one but at some point he could leads to a catastrophic situation the second ferry i had or that others have is that the racing office was was a let's say pudding undue pressure on the trainers to run their horses the third theory is that the business model for horse racing is just broken when it comes to the safety of horses you know in the end a horse racing is gotta decide whether it wants to to minimize the risk of horses or whether they wanna maximize profits and a i for them to survive they're gonna have to minimize the risk of the horses where's he been talking about i think the numbers around thirty now these deaths of courses at the santa anita track you know as you mentioned some of died from broken bones by understanding is some of also die from heart attacks you've gone through some possible theories but but can you explain to me how santa anita compares to other race tracks and training facility to have these clusters of death is not that unusual it happened at del mar a few years ago with the bad turf course and only the first two weeks of the racing season seven horses to be put down eight in total have died it happened at saratoga the bad dirt course and then in twenty eleven twenty twelve aqueduct at twenty one deaths that who's actually sort of the point that horse racing decided they really look at safety measures right right i you know i also understand a year in in toronto we have journals woodbine racetrack and and look a hundred and eight horses have died in races over the past decade in and i know these numbers have been contested but there are some estimates the put the number number of horse deaths in north america last year close to five hundred which is in average of ten fake holidays per we sit so i mean this is interesting to me as someone who doesn't know very much about this industry at this is really something i think about when i think about horse racing right like i think about seabiscuit that's like rate underdog story from the depression era you're just like oh yeah and that's a really interesting story because seabiscuit was not in good shape but it'd be you know he rallied the nation behind him because he was this great underdog horses and and did all these wonderful full things you know it was just like a huge story seventeen time he wants both before winning a writing campaign is great heart recusing discouragment participating in amazing amount of thirty five even when he first they end up in ordinary we're all kind of came back car so that's in the nineteen forties or whatever that happened that was the story in everybody rebel this horse if seabiscuit were alive today or it analogous horse people would be appalled but this horses running because he was not you know a sound horse a and what that does is that that sort of answers the question why it's such a big deal here in twenty nineteen the hat and not such a big deal in in in twenty nine and that's because see the way people view their animals is much higher level i mean really appreciate are animals and while i do not think that my dog is equal told me i would risk my life to save his life and i think that's that's just sort of a cultural change that you're seeing and you mentioned that you know when we're talking about santa anita in particular like animal rights groups had been protesting the track yeah they have they been at del mar they've they've been everywhere and that i think is is sort of indicative of california which is is a very progressive state you know like this happens in kentucky i think everyone just sort of accepted that's part of horse race california not so much that you will be back in a second discover what millions around the world already have audible has canada's largest library of audiobooks including exclusive content curated by and four canadians experienced books in a whole new way were stories are brought to life by powerful performances from renowned actors and narrators with the free audible app you can listen anytime anywhere whether you're at home in the car or out on a jog the first thirty days of the audible membership or free including a free book go to www dot audible dot cea slash cbc to learn more do we talk about how the stronach group has responded to this price well what the stronach group is done in that is essentially belinda strong because frank who was the person who founded the group has stepped away from the company over to his daughter and then proceeded to sue his daughter before on before we move on one side bar the first second third people who who might not know the strength are locked in this legal battle right now over an estimated one point two billion dollar fortune frank as you mentioned stepped away from the company but he is now suing his daughter who took control of the company company and he's arguing that like she's essentially mismanaging the fortune strong goes onto accuses daughter of hiring unqualified friends to position of authority with grossly inflated salaries the linda's countersued her father and she's arguing he squandering money on like vanity project in her statement of defense belinda claims quote unfortunately any arco franks career business failures and the pursuit of idiosyncratic passion projects are just is pronounced his his success in the automotive industry let's pick up where we left off holiday responding to this particular of the linda came out with a series of reforms has a she really believes said that the public has lost confidence in the sport and and the major reforms she had was be elimination or partial elimination of race day lasix sleigh six is a a drug that helps a horse breathe easier because courses when they run tend to get a exercise induced pulmonary hemorrhaging essentially bleeding from the lungs and this this mitigates it alive but a she you know she wanted to do away with that 'cause she doesn't think horses should be running on drugs which is which is a fine a position of tech except there is no science that links a late sixties to breakdowns yeah the thing is he wants to eliminate the whip but again there is no time but you know science between whipping a horse and breakdowns now she has also put in a lot of places some pre checks she's really upped it on the vets the vet that narian to a make sure these horses are sound of possible she they've aturday rocky the state of california's that at a five five person a screening committee before any horse could run they have to pass the screening committee vets will check a horse now at least a minimum of four times before they go post so these are all sort of the reforms that she's put in an m i think it but it's a lot of his public perception of the credit gain the confidence of the people back i i'm also curious to hear from you what other people in industry are saying i i know he can't talk about this for a long time but briefly well you know horse racing clearly it's in decline in many places it's propped up by the casinos that are attached to them although not in california you know you're asking me what horseracing be around in twenty years i think so will it will be around in fifty years maybe not i i don't know but the people know the sport is at stake critical juncture right now they the number one problem is they got every gain the confidence of people that it's just not a place where horses go be slaughtered that essentially actually you need these horses need to be safer 'em everyone in the business a understands that horses die in horse racing but i'm not sure that's the general public really did and certainly not to the number two seed degree in which horses died so that's that's what they've gotta that's right now is a deep most critical thing they're dealing with and then after that a you know will see what the next crisis i do wanna touch on some very recent events that have happened this week the stronach group band hall of fame horse trainer jerry hall indoor further i understand for horses under care are among thirty that have died at santa anita december and we're being joined right now with trainer jury home door bridge i mean there's been a lot of pressure on racing at santa nita a dirty doing this so things are i more magnified but i mean everybody should doing the best they can keep their horses on monday the california legislature voted to give the california horse racing board the power to suspend or move racing days without a public notice period so this story is not going away we've been talking about california here in canada were coming off new legislation banning the captivity of new whales and dolphins with the exception of conservation shen this is obviously part of this big cultural shift in animal welfare you were talking about earlier a you know in part spurred by the documentary blackfish have to their old psychologically not just telecom you think it's possible that we could see something like that in horse racing is well well here's the thing horses thoroughbreds trading or at the track or better cured forward than those that are on a farm you know they see a veterinarian daily a they have acupuncture acupuncture they get they get daily bats they get to serve ron or gallup a on a daily basis they're actually better cared for but you know at some point a you know a hundred and ten pounds a person gets on their back takes them out to a tracking this starts hitting them to have them run as far as fast as they can but horses generally love to run this is what they like to do this is what they were bred to do you know so i don't think it's totally analogous to be to the you know the the whales sea world or or other things but you know again at the end because they are doing something for are entertainment and they can end up dead a which not not a high number but it came out john thank you so much for those conversations that you know just a note to say the doctor i spoke with john we reset to the stronach group to see if they wanna comment on this story and we hadn't heard back from them by the end of the day yesterday that's all for today i'm jamie plus

murder jamie california santa anita stronach group david two billion dollar billion dollar twenty years fifty years thirty days thirty year three weeks ten pounds two weeks
An astronaut's story of curiosity, perspective and change | Leland Melvin

TED Talks Daily

13:49 min | 2 years ago

An astronaut's story of curiosity, perspective and change | Leland Melvin

"This ted talk features astronaut and engineer leland melvin recorded live at ted salon radical craft twenty eighteen this talk contains mature language hi it's jerry goteborg ski here that's spanish gator i want to tell you about pets i ever spanish-language podcast it's called ted in spaniel every week we bring you ideas in spanish from ted until next conferences around the world maybe you want to brush up on your spanish or you know someone who searching for great audio content in their language either way you can subscribe to spaniel whatever you get your podcasts in one thousand nine hundred sixty nine i was standing behind though so vania black and white television set hearing about these things happening on the set in the front i was the guy you know leaving the rabbit ears for my dad and my sister and my mom they'll move over here turnover here move this way we can't see the screen and what they were watching was one small step for man one giant for mankind neil and buzz aldrin were walking on the moon and i was five years old in lynchburg virginia a skinny black kid and kind of somewhat racist town and i was trying to figure out what i was going to do with my life and my parents you know they were educators they said that you know you can do anything but after that moon landing all the kids in the neighborhood will like you're going to be an astronaut i'm like no i don't want to buzz and i don't see someone who looks like me because representations does matter and i knew that there was a guy five blocks down the street on peer street who was training to play tennis and it was arthur ash and my dad talked about his character has disciplined his intelligence athleticism i wanted to be arthur ashe moon guys and as i went on this journey my dad was a schoolteacher he played in the band he did all these things to make money for my sister and i had to take piano lessons and do these different things with education and he one day decides to drive up into the driveway with this this bread truck and i'm thinking okay bread truck me delivering bread while my dad's driving the truck i'm like okay i'm good break guy now but he says this is our camper and like do come on i can read morita brandon enrolls in the side of this truck and he says no we're going to build this into our camper and over that summer we rewired the tower entire electrical system we plumbed appropriate tangail coleman stove we bill bunk beds and flip down we were turning this into our summer vacation launchpad escape pod this thing that could take us out of lynchburg and before that i was actually raped at five by some neighbors and i didn't tell anyone because i had friends that didn't have fathers and i knew that my father would have killed the people that did that to his son and i don't want my father to be gone so as we got him this bread truck in escape from lynchburg was my time with my dad and we went to the smoky mountains and looked at the purple mountains majesty and we we walked along the beach and myrtle beach and this thing was was transformative it showed me what it meant to be an explorer at a very early age and suppressed all that negativity all that trauma because i was learning to be an explorer and a little bit later my mother gave me an agent appropriate non to certify chemistry set where i created the most incredible explosion in her living room and so i knew i could be a chemist so as i would on this journey through high school i went to college and i got a football scholarship to play football in college and i knew that i could be a chemist because i'd already blown stuff up and when i graduated i got drafted to the detroit lions but i pulled a hamstring and twenty campaign so what every former n._f._l. player does it go work for nasa right so i went to work for nasa and this friend of mine's leland you'd be a great astronaut i just laughed at it when i was like yeah me and astronaut neil and busting back in sixty nine and he had him in application and i looked at it and i didn't fill it out and that same year another friend of mine philadelphia application and he got in and i said to myself if nassar's letting knuckleheads ethan to be astronauts maybe i can be one too so the next election i feel that the application and i got in and i didn't know what it meant to be an astronaut training the simulations all these things to get you ready for this countdown three two one liftoff in two thousand seven i was in space shuttle atlantis careening off the planet travelling at seventeen thousand five hundred miles per hour in eight and a half minutes later the main agents cut off and we're now floating in space and i push off and flew over to the window and i can see the caribbean and any new definitions of blue to describe the colors that i see as your indigo navy blue medium navy blue turquoise don't do any justice to what i see with my eyes and my job on this mission was to install this two billion dollar columbus laboratory was a research laboratory from rituals research for human research and i reached into the payload bay of space shuttle grabbed out this big module and i use robotic arm i tasked it to the space station and the european waiting ten years for this get install so i'm sure everyone in europe it was like and so this moment happened this was our primary mission of it was done and i had this big sign of relief but then peggy whitson the first female commander she invited us over to the russian segment of the foot space stations about the size of a football field with solar panels and trusses and all of these modules and she says leland you go get the rehydrated vegetables we'll have the meat so we float over with a bag of vegetables all rehydrated and we get there and there's this moment where i get transformed back to my mother's kitchen you can smell the beef and barley heating up you can smell the the food the colors and there are people there from all around the world it's like a benetton commercially african american asian american french german russian the first female commander breaking bread at seventeen thousand five hundred miles per hour going around the planet every ninety minutes c._n._n. sunrise and a sunset every forty five and peggy would say hey leland try some of this and she'd float over to my mouth catch it we feel back and forth and we're doing all of this for listening to shoddy smoothed up i mean this is like blowing my mind you know and i float over to the window and looked down at the planet and i see all of humanity and my perspective changes at that moment because i'm flying over lynchburg virginia my hometown my family's probably breaking bread and five minutes later we're flying over parish will heal i heart is looking down at his parents probably having some wine and cheese and yuri's looking off to moscow and they're probably eating borscht or something else but we're all having this moment where we see our respective families working together as one civilization at seventeen thousand five hundred miles per hour my perspective shifted cognitively it changed me when i think about being a little skinny boy from sometimes racist lynchburg virginia i would never have had that that perspective to think about myself of being an astronaut if my father hadn't taken us on a journey in this radical craft that we built with our own two hands when i came home i realized that perspective is something that we all get and we all have is just how far do we open up our blinders to see that that shift in that change in going back to the space station i think of you know germans and russians fighting americans we have these people were living and working together white folks black folks rushing folks fringe folks you know all these different people coexisting in harmony is one race and i think about the colors that i saw that design of the modules the way that things fit together the way that it made us a community are home and so when i look up to space now and i have this newfound perspective on the space station going overhead and looking there and then looking back at my community and seeing the people that i'm living in working with in coexisting with i think it's something that we all can do now especially in these times to make sure that we have the right perspective thank you if you don't mind could i just chat with you from an they're going to set up some some things here and i get to have you all the myself you guys don't get to hear this so i have to tell you that in my family we watch a lot of space movies about astronauts and stuff like that i can't tell you why but we do the thing that i wanted to ask you though is i was we were seeing this movie of the day and it was about one of the astronauts one of your colleagues and before he went up into space to actually wrote an obituary nassar an obituary for him and i like it's that normal and it's like that part of job like do you think about that peril that you're putting yourself in as you go into space so i don't remember anyone writing my bitch aware that was an apollo day thing but i do know that mean in the hundred and thirty five tuttle fights that we've had that fellow that i flew long we had two accidents that killed everyone on that on that mission and we all know the perils and the risks that go along with this but we're doing something that's much bigger than our selves and helping advanced civilization so the risk is worth the reward and we all feel that way when we get an vehicle and strap into those million pounds of of rocket fuel and and go up to space i mean i've only seen the hollywood version it looks pretty terrifying i have to tell you yeah my husband's told me one way trip were too yeah that's that's a bit of a debate in our house i wanted to if if i may i mean you you did touch on something that was very powerful and and difficult which is you spoke about this incident that had happened to you when you were five years old and that you were raped and i just think that for you to be able to say those things you know on the ted stage to be able to talk about that at all is is pretty fearless and i and i wanted to get a sense from you is that is that something that you think is important for you to share that now to to speak about it is so important especially for men to talk about things that have happened because we've we've been trained in toll by our side that we have to be so tough and so hard and we can't tell if things that are happening to us but i've had so many men contact me and tell me that you came through that you got over that i'm gonna get over my alcoholism and my these things that are in them because of what happened to them and so we must share these stories as part of storytelling to heal us into make us whole as a as a community now that's that's and and you know quite honestly you spoke about perspective shift and that is a shift that i think we've been very slow to accept and to be able to speak about that so we we thank you for that we thank you for being the amazing astronaut that you are and thank you for coming to the ted stage lease for more ted talks but at ted dot com ex

leland melvin engineer jerry goteborg ted five years two billion dollar million pounds ninety minutes five minutes ten years two hands one day
264 Ethics is Product Management

This is Product Management

28:01 min | 7 months ago

264 Ethics is Product Management

"This is product management we feature the brightest minds across numerous disciplines that feel modern product teams. Join over twenty thousand subscribers to learn from product leaders authors and executives from companies like spotify humana and experien- they'll share their insights and best practices on research leadership corporate innovation and more to receive updates on the latest episodes subscribe to our newsletter at this get product management dot com. Hey i'm your host. Burma welcome back on this episode. I'll be speaking with kerry jenkins ceo of substantial to discuss how to embed ethics and integrity into product development as well as connecting innovation and ethics product managers can have a real impact in creating a transparent ethical system. This is product management is produced by feedback loop the world's leading companies use feedback loops. Agile research platform to get the rapid consumer feedback. They need to learn faster and innovate smarter. Requested denno at feedback loop dot com would love to just begin by learning a little bit more about substantial and what you're focused on their substantial is digital innovation and build studio in seattle. Amer about fourteen years old. We were headquartered in seattle. We've always had distributed team members. I would consider us fully remote like a lot of companies right now but we focus on is the creation and building of digital experiences and products for clients so we're a consulting company and while we have built some products for ourselves we primarily build them for other companies so that could be startups enterprises. Foundations profits and typically. They come to us to build their product because they are struggling with the business problem and they are not quite sure to solve that. So they'll involve us in 's early And conceptual foundational research and really figuring out what a solution to the problem could be and a lot of times. The majority of the times part of that solution is digital. Which is why. It's really nice that we have full builds capabilities. Substantial is a very very high quality engineering firm as well full stack experience full stack developers so we really pair that in it's built with in our culture so that we're doing digital innovation. We really can back that up and build and sustain a great product. One thing that you really focused on is embiid ethics and integrity into product development. Can you talk a little bit more about that for me as a leader of a company that i would consider technology company. I have been personally interested in. Thanks and how it interacts with technology as consumer as a ceo as a mother all of those things and for us because we do so much design research and conceptual thinking were very actively involved in early conversations about the implications of certain solutions right. What's causing the real problem. And what is a viable solution to that. So in conversations and experiences we've had with clients were really talking about how to serve their customers and away that his ethical and responsible what i think is imperative that we do as a company is teach how to build more of the coal an ems products. Right you can still be innovative. You can still be disruptive you can still be on the bleeding edge and you can still move relatively fast you can do. All of those things still do so with integrity ethically morally and with good i for the future and the implications that are coming down the path but that takes work it takes training and so i take that on in the community by having conversations like this i talk to people about how important it is and our staff. Take that on with every client on what we teach them how to be both innovative and ethical because the two things can be connected they really can be the right environment. How do you actually define ethics and integrity. What makes a product ethical or unethical. It's a great question because a lot of what you hear. In product development these days and product creation is around being true to your users. And i absolutely think being user focus being customer centric. All of the ethos that we've been living on for the past twenty years as important. It's it's absolutely true but that does not necessarily mean you're going to build an ethical product because your users are in a system. I like to back to systems thinking a lot. Every product every set of users living an ecosystem has other actors other agents involved and it's never isolated and so if you are building just for one segmented group of users you have to account for the entire ecosystem. They are in the example. That i like to give controversial not is a very recent example of a health tech company partnering with a pharmaceutical company to develop a platform physicians. That helped physicians make a decisions. Ray make them faster. Make them with all the data about their patients available to them and in practice that is a great product for physicians. Right if you could improve physician workflows and give them more information at their fingertips that seems like a positive thing but when you do that by partnering with a pharmaceutical company the pharmaceutical company then becomes an actor in that ecosystem and have needs is well. Who are the users for that. Health are the physicians that used the product every day. Is it the pharmaceutical company that is paying them with advertising dollars or is it the patients who are the doctors end users and in the case that i thinking of there was definitely a user group that was sacrificed and that was the patients because that helped company did was provide pharmaceutical advice. In a workflow that tended to create a situation that was easier for doctors to prescribe opioid painkillers than it was to provide another kind of treatment. And that's what doctors did the patients who probably deserves the kind of care that would have taken to account their prevalence for addiction and other factors did not get that that level of care. You could ask that help tech company. Did you serve your users. I think they would absolutely say we did. The question is who are their users and this case they serve the pharmaceutical companies above all else than the doctors and the patients came in last in that example there is a clear understanding of the different customer groups. We have the doctors the pharmaceutical comp as the patients and in that example the company was kind of almost a fairly Neglecting the the patient elements. How do we have a blind spots that could potentially lead to your product being used on ethically what if we don't know who the user groups are or it gets used in a way that we didn't even think gore anticipate. How do we be more mindful if those blind spots of all right so the minimum to keep the lights on. You're going to be touching that product in perpetrated if you're going to do it well and you know this is certainly we advise and teach our clients to do it. You need a team that is going to continue to maintain that product and ideally build upon it right to learn from what it's in the marketplace how your users are using it to listen to feedback and to take certainly at the call implications really really seriously because it's fair to say that technology changes at a pace that it is hard to acknowledge that you would understand every possible way. Something could get used. It's easy to say now. In retrospect that we shouldn't have collected all that data users and handed it over two billion dollar technology platforms right but in the moment we thought. Wow we might get us this sunday with a really cool way personalizing experiences and as users. We gave that data up freely because we got to use something like email or social network for free now with all of the benefit of hindsight we can see where that system didn't necessarily service or set us up for privacy protections right or understand the implications of our data being sent to add platforms. That's okay as long as you take responsibility for what's hard to do is if you've monetize to pass a once you monetize the path like that in your entire company is built on the backs of making money via at platforms. It becomes a driving factor in decision making. That's what happened with health tech. They were making money off their ad platform. And therefore motivations served that objective. Original question is can we do. I think the most important thing we can do is have more difficult conversations. Ask the questions in every single meeting in every single room and if you think about the way modern products and technology companies work. It's a huge infrastructure. There's a huge hierarchy. There's product owners that product managers adjust very tiny feature sets of some of these Horns right you might have an entire design team that works on one button in the largest ecommerce platform in the world. Those designers might not have any realization of how their work connects to the ethical implications of that platform but having those conversations in training individual designers individual developers to have those conversations is how we start to make progress right. 'cause you hear an answer like how could this button have a negative impact while if you put the button right there and there every single time they hit this button they click something that provides data to the platform that they are not aware of or every time they click this button they have inadvertently accepted some privacy policies terms and conditions that they actually have no understanding at right. These are the kinds of questions. Even an individual contributor. Should be able to ask when you get the answer to that question so job to address it so we have to empower every sort of creator in this space to have these questions and i think right now we defer it follow it off. Well that's the product owners job. They've gotta figure out monetization. Oh that's the design team. They're doing design thinking they'll tell us what's ethical for the users are not or a very large company and in the case i assume health texts company and objective comes from above right the companies known we make our money off of our ad platform therefore that serves as the primary objective in all cases. You have to be able to challenge that. And if you think about the number of technologists that companies like google facebook amazon health tech company that i mentioned it's thousands and we know technologists. Don't stay at one company. The whole time right they move around move around. Pretty often and millennials in particular tend to move jobs much more often than we might have seen in the job market. If they learn they bring that learning to the next company they go to work with and it has the trickle down. These are the people who will eventually form their own companies. These are budding entrepreneurs and if we can help them understand how to make more ethical decisions right. They might not get to do it. In the moment their end they might not be able to change billion dollar behemoth and how they do business but when they leave that behemoth and go work for another one or furniture company they can bring that learning with them to learn more about how businesses and teams across all industries benefit from feedback loops agile research. Platform is that feedback loop dot com for slash. Ti pm and be short for feedback. Loop on lincoln twitter and facebook and continue the compensation online using hashtag. Ti ipm podcast. Please tell us about your favorite episodes topics or lessons learned from the shape. How you raising the profile of ethics within the company. Because i imagine that most product managers most humans aspire to be ethical. They wanted to make good decisions. Wanna make decisions that actually benefit all stakeholders in that ecosystem. In the heat of the moment you know they might be focusing on a narrow set of metrics or focused on things like revenue for affair conversion their bone ask speed to market all these things which may mean that ethical considerations my four to number three five six seven. How do we go about raising that. So it's on with revenue and profit and all these other metrics so the first thing now say almost never talked to anyone about ethics and technology and someone say i don't believe in that i don't see that right i don't care about that. No one says that. I think we have to tackle it. Top down and bottom up and so the bottom up is definitely agency. It's training them the right questions to ask. And it's training of the things to look for. What is the monetization strategy. What is the ecosystem this lives in. How are you serving your users and how your users interact with agents in that system and encouraging everyone you find their voice and to ask those questions and to speak up bottom up is really really important in particular what i'm talking to a product manager audience. I really stressed that because if product managers think they're powerless. I'm here to tell you as i as many years as a product. Name as you're you are not powerless. You are leader and you have a responsibility to question the objectives that have been given to you and any you give to your team. I'm not saying you're gonna win every conversation but if you're too scared to ask. I think that tells you a very clear message about the environment that you're working in. If you're scared to ask the question where few are scared of the answer. You're going to get. And i promise you that means you know something that. You're not admitting tears. The work has to happen top down to right so companies that say they care about this things that they can do. Make a difference to how you incentivize your employees. If you're telling your employees whether those are product managers product owners your vp's whatever structure you have. The most important thing is speed to market. that's a really clear. Mandate that means you're willing to sacrifice everything else for speed to market. And i think making people be explicit about those decisions is a really big for step so whatever level. You're end when someone tells you. This is the objective. This is the priority that makes the assumption that nothing else is important at in asking questions about. You're saying. I can sacrifice everything else to get to speed to market. We've absolutely seen that. Culture prevalent over the last twenty years as the marketplace has gotten more and more competitive. People had decided that speed to it is the overarching primary objective. One and we know it happens in a speed to market environment. Which is that. There isn't time for accessibility. there isn't time to ask really tough questions about monetization strategies. There isn't much time to pivot is. Something isn't working. There isn't time to build a organic audience. So you tend to use tricks engagement tricks and other kinds of sort of growth hacking tools. It really does have to be hit from all directions. You asked earlier about blind spots and things that i directly think can help with blind spots is diversity and i mean that from racial i mean that for economic diversity education diversity gender diversity sexual orientation diversity and ability diversity. We have a huge crisis in the way digital products served disabled communities and one of the reasons why we are not tackling not with as much efficiency as we could is because there are not enough disabled. people in technology workforce. That's the truth. And that's been true gender although we're making strides that's certainly true. A racial equity in technology. We have to continue that work and it's directly related to our ability to spot. Blind spots homogeneous team is just scott mean. They're in a bubble of what they have awareness up into even when you map out your ecosystem. You're probably going to miss something because you're not going to think about. When upper-middle-class technology workers decide to build a product for doctors and how they support their customers might not even occur to them what causes addiction in lower income people. They've never experienced that. And so of course it's a blind spot in. You can put a persona in front of technology team all you want. But it's very hard way to balance of long spot. If i'm a product manager walked questions. Should i be asking myself all asking my team or asking my leadership team to ensure that. I'm thinking about ethics in the product development process. Do you have like a a standard to questions that you us when you're working with your clients or is there a common conversation that happens at some point early in an engagement there are. They're not magic questions. they're actually the kinds of questions. That you think are no brainers but you have to keep asking them until you dig a few layers in right. So what success. Look like is a great question. What does success look like for us. We're consultants right so we'll have a picture of what success looks like for us for the engagement. Aguire we engaging with this customer. Why do we think we're uniquely equipped to bring them value in the circumstance when we go to build a product. We wanna ask ourselves the same question. What does success look like for you for many people. That's their monetization strategy. While we wanna make strides in this area okay. How does that connect what success looks like for your user so one of the things that people will ask me when i talk about ethics and technology. Is there any such thing. Unless you're in the nonprofits phase. Of course i believe at the technology and others faces besides nonprofit. The consumer aspects of technology is not the problem in and of itself meaning exchanging for a value is not a problem and in fact is some of the clearest way that you can bring value to user. I would argue. That technology is actually has a lot more subterfuge about how they're making money. That's actually more of the problem. Then you have a direct exchange. You have an app that you feel like Brings a lot of value to your users. Then absolutely should charge for that if instead of charging for it. You're going to give it for free and then use your users data to deploy it to advertisers who you make money there. That is a different story. And that gets thornier. What a success look like and then underneath that is what is the monetization strategy because almost nobody solves a business problem if they don't think they can monetize it. It's either a direct play for revenue or it's a play for brand to improve their brand experience for their users. So what does that mean. If you're going to monetize it. There are some really clear things that you can ask yourself about that. Monetization strategy am. I providing direct value in exchange for money or is there another agent involved in the case of advertising platform sisters. Why they're so farney. People don't technologists understand a normal layperson doesn't always understand what it means to have an app platform be the monetization strategy if you're building product because you want positive brand experience for your user. Does that mean to them. I assure you it doesn't mean a positive brand experiences them. Not feeling like you're keeping something from that's not positive you might be able to provide them a ton about you. Let's talk about the social networks rate. They provide value a communication platform that has cool features to post videos and layer text on them and provide advertising products. All of those things can be a lot of value to user. But what are you getting in return and as we know most social networks do not charged for their platform. So we have to ask ourselves. If you're the product manager for that. What the beginning. And what am i getting from them. This is the number one question. I would ask give you a product manager. Could i be one hundred percent. Transparent to every agent in this ecosystem about this products intentions in its monetization strategy. If you hesitate for a moment on that answer that tells you there something to dig into. If there's some part of how you're modernizing the product you don't wanna share with customers. You have a problem if there's a part of your strategy you don't wanna share with other actors in your ecosystem. You're probably hiding something and it's a question that when it gets asked in a room there's a lot of hesitation look live with the uncomfortableness of the responsibility. We have as technology creators uncomfortable because we have a lot of responsibility. You brought up this interesting. Where transparency what different foams can transparency take. I imagine some product manage. is we have a disclaimer. Entering the website and the small print you've agreed to the terms and transparent or the other end it could be avert you know like. Hey this is what we're doing. How do we be more transparent. What can tell you. It's not the compliance so compliance and ethics are not the same thing and compliances in minimum bar. It is what companies are doing to check the box and say that we have these things in mind not to say. Don't think regulatory initiatives are useless. I think they're necessary. And when done well can be a really good motivator but if ethics and decision making is happening at compliant stage. It's way too late and this is true for any user experience issue. If your answer is a link to a document that they have to read you've probably failed your users. That's not going to work. And so i think this is where strategy and design and technology can come together and really create an experience that any itself is transparent terms and conditions are really not very useful for the average user. Because they're too hard to read their too hard to understand the ideal form transparency. Is that every user heavily person's understanding of how your product works what they get an for it and what they're exchanging with you for that use of it if you're gonna go onto a social network and gained the ability to communicate with that network and use video photography tools and comment and access content feed. What are you giving in return. And it could be as clearly as a sentence. We do not charge for this product because we monitor your every move and we sell its advertisers. And as a person. Who doesn't understand that. I still use some of these products knowing what they're doing because i in my head is my enjoyment of this product. Worse the data that i'm giving up and sometimes it is. That's the bottom line but if you can't be transparent about that i think that's a problem. We live in a world if business cases and our ally. What have you seen in your experience in the work you've done with your clients as the roi off being ethical and thinking about integrity in the product development process. This reminds me of the conversations. I had early on in my career about whether or not user research was worth it is user research really worth it you know. Do we take the time for research to really need to do usability testing. I think those products that have invested in those areas have seen those returns both in the product success in their brands. success right they have an understanding. It's not to say it can't be used for dark patterns right now when people like. Is it worth it for me to have ethical innovation ethics responsibilities part of the conversation. It is absolutely worth it if you can build it into the process throughout if you don't if ethics is one of those moments where you ask a question halfway through your product cycle or you ask it when you get sued or you ask it. Your legal department comes back to you and says we're going to have to put three more disclaimers on here because of what you're doing like it's going to stop progress. It's going to feel like it's blocking innovation. Whereas if you build it into your product teams just another reason. Why i think individual agency is so important if you actually build it in as a capability as a skill and as a value every part of your organization then it becomes a part of the way you innovate. It really doesn't cost more now. Does it take more time. Sometimes it will take more time if you are always going to go for the quickest stoller. Then yes i think thinking about things in a more ethical and responsible way might mean it takes longer for you to get to market but actually think that you are basically sacrificing short term gains for long term gains to do so and in my opinion. That's always the better choice. Certainly there's exceptions to every rule if you can sacrifice short term revenue gains for the long term sustainability of your product and the user base. I think he will end up better in the long run. And i've seen it for sure happened with the clients that we work carrying substantial teach companies how to build more ethical products without sacrificing innovation will speed and how to serve their customers in a way. That is honest and responsible much of the idea. Ethical product focused and being transparent all uses in your ecosystem as well searching out your blind spots to ensure you're serving stakeholders noon appropriate way carries in fact the product matches can and should play a pivotal role in cultivating ethical ecosystems and ethical problems. Connect with carry on lincoln and more about substantial substantial dot com until next time. This is from fate backward.

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Ep. 271 - Solving The Biggest Headache In Crypto W/ Synaps.io Founder Florian Le Goff

CRYPTO 101

31:00 min | 1 year ago

Ep. 271 - Solving The Biggest Headache In Crypto W/ Synaps.io Founder Florian Le Goff

"All right what's up crip nation crypto one one in the house you got bryce in pizza mine and we're joined today by florian leg off from apps dot IO how you doing man with about you our doing pretty good it looks like you're in a pretty interesting little spot over here just incredible vision you've got some incredible vision yourself by trying to take digital identity from web two point zero two says in there like i can't he put myself in the head space of a french billionaire oil city put in there to make it the best incubator ever okay so wonderful fringe millionaire and tickled place yeah it looks beautiful it looks very beautiful it looks like a mall what else no not at the moment twenty where super-centralised we foresee to decentralize we have the a three point o. so let's jump into what you're doing at synapse tell us what is synapse and what is your role there so we have two way of describing its fest one everybody tried to create us that's really some next generation thinking on behalf of this french leaner angle you'll e- e- identity so is there there's a blockchain component to this that's that's probably like six months one year we should have something really and how long how long have you guys been in business building this thing yeah so be all songs apartments chris to play so basically as a entrepreneur sometimes it's quite complicated to be able to find talking about digital identity in web two point oh versus you know web three point which is being built now on blockchain and decentralized networks is it close another companion and we start so the ideal we stop was to provide one platform where you'll KYC wants in menu can participate encrypt related things you'd be able to log in with synapse is that the way i'm understanding it career so fest race and you know we don't ask you for any an angle whatever you pay and you're you're good to go so for birth how's it what's the easiest way to think of it is it kind of like a single sign on like how pretty much any website will let you log in with facebook or google but for blockchain eighteen order defense issues 'cause i shall remember back then abbot bike past when issue participation we started we wanted to provide the same experience but for the industry so we launched synapse that's really awesome so chew like this this intrusion and that's something that is going to come i country i have a very specific yonder trying to decentralize but they don't do any verification themselves so it's like okay you bill live in what the purpose of the problem are you solving in the KYC world that hasn't been solved yet with other KYC providers and such so i think huge security issue as a user experience was terrible because every ICO was asking for specific i watch tv connects us you probably need to do sports goes you you had no idea to whom you're giving your debts out so they will is that a user can lewis carry once and then you would be able to just shows that the instantly through all about so supercup find a place and you know you have some VC's you have some very become parade so it's like trying to mix everybody decentralization see if at the end you just send your data to free providers you have no idea who they are you don't know what they do that so eighty percents what do you mean a conversion though so when he percent of yes so when the new user comes the exchange you we be like very a business to business focus so defense boring he's that busy clearly we have the reusable resentful cow i see so and because now we able to verify everything in house and that nothing goes out awful the that the yeah i think that's why we didn't start as a decentralized a product directly 'cause we really want to be execution residents so this is a special issue DT side but to be more like a solution to at they get on the site and i see okay i got KYC i'll go through maybe one page or two page but other asking for that i'm going to balance i'm gonna go look for is that the problem exactly up to seventy percent of new users so you know you have a customer acquisition let's say you know you spend like ten bucks to based we are able to say okay now that we have reached that we can stobbs a decentralisation i think that's shoe projects have been super good in execution so about this as a real like okay focus on vacation for kiss on how to see well and in in house a week are always supervisor will only talk about compliance you know for me it's like okay obviously we need to complain let's not even you know it's not the idea is okay now we do everything in house we can focus on on decentralizing the system and funds is it means that if we use a so with synapse KYC with synapse once yeah and then you could take that in law in us that credential at any so as you know yeah i told you that we all we also incubated in a in thank as a main point is is usability and we've vats we are able to show congestion rights effect starts being with blockchain means okay you the letter forms you need to do a nice CEO and not all of them so you can see like when you go from not to eighty five percent it's quite a huge gap okay what partners do you guys have now so today we're going to launch a heavy soon which is also another steel platform and vigils for so require mental business but now we are going to be the only one who can sell you like all i've read commission rights and the in in what is what what are they ed what are the conversions take change most of the exchanges condition rights are unlike percents let's say between twenty and four we'll if you want to to set i go kay i we being charged off of my on that so conversion rate at least me personally i think of KYC is a bad invasion of privacy indefinitely one of those guys is tried to sign up for a bunch of exchanges and then turned away simple so block station the work we stuck exchanges put a steel into stock exchanges subway workers like smaller exchanges there is a yes satellite is probably going to become a big changing shooter talk about it on telegram but i also think digital identities are very good useful tool is there really any difference between them you'll on identities been different for example we work with the phoenix so to go on the launch at your voice see and then she'll go on on on a very chen who work with and you can just anti-money-laundering listing not like what we basically do when you gone senile she's okay some changes needs a is a customer as we will be two next so we ended iowa launchpad we work with the survivor ace spots guitar in part so he just built like one hundred apartments that you just france for entrepreneurs so you're six hundred entrepreneurs can just going tinder that's we la check that every user is a real user you don't really need to know any NFL compliance with someone come on your websites and then the only conveyed fatty you can see that homage custody people are generally stopping we'll mishap where some of their KYC information was was compromised so how to synapse differ no one can say you i will never be act two of your full compliance but you could imagine that you know i don't know like you want to just an example i don't even know if it's a good idea on that but you want to release that genuine he's a guy do money laundering like ican accessory dating website so it's more like yeah so i come to tell you a lot of things about it but you should check what should be going to the next human uh-huh so yeah we platform yet likely to be till the twenty projects and we created local user base over one hundred thousand investors partner place yeah so just finish falls commission rights today we have between eighty five to ninety percents of condition rights working we've exchanges eh so how does a company like synapse secure the customer information like i know recently by nance had a little we talk about blockchain it's all about regulation and like more most of the time it's yeah you need to do aim so we niddle block one search just say like he's good with that would be bad you didn't pass projects can decide is emerged something that we have like a shoe security thing and we are being audited by ascetic which is a actual on e. identity kind of like a figure can be a lot more things on just can't see but when blockchain based identity solutions is it a competitor is something where things can work to gather savarese one good thing we've all industry is he's like fighting next which is a big stick extending europe that's really awesome and i'm sure more and more people are gonna come on board when they see that sustain venza one one sometimes fed by giving her a blood sample just to get these is growing so i'd event it's more like a time where we need to partnership rather than trying to compete with each other from co ACC at nuts or the platform you won't like to needs to know issue all good we it's the our conflict was into blockchain and they'll going toward something spur interesting so we work with brooke station for the plan with the soliciting station FBI and i think that's a for example obviously you can put in place for your accounts chain so it's more like a partnership than really a competition so regardless of if us oh you really get the hiked like no one can really textual us will have its that competitors are trying to do that so no one we integrate with each other because it's like you know you don't want trouble competes to textual that's have a private key or no so currently you receive numale with your code so obviously we start to create you know you will start on body and because of the cow i see as casey needs to do as the exchange lose all you know oh shit i need to any to be happy i need to do this idea it's like you have to just don't have to convince so we need to come back into the navy aced you'll marquette's because it's where everyone is trying to do that steel industry one is trying to create v. so cute of juicy maybe in ten years when the market started to slow down competition will release thoughts and for example in the in any event user context says as a platform they don't need it vendor user can steal us a lot of security into its i don't know like you should make sense to go very deep in holy and those yeah badgering nutrition tasting step segment two extra things so if you don't have a password commenced like who will continue to work with us so yeah that's their strategic for us all so i won't try to convince you that but the bassy we put six rates their impotent we understand that if we lose the stock exchange off jamaica for example so we ended up the has a very few of them we have to leave at his also we are on that's and for example when we workers took a knee if we do can also be reached than in the are you station it's like a the biggest incubator there's been funded by seattle a union secure and then you had these two sevens can put in place they show how will your technology mesh with other i see can we use on other platforms might point of view on veggies tooken is trying to do that so essentially can or will digitally digital identity providers turnover a personal data to governments if requested i'm on good behavior or bad behavior generally don't want governments snooping on me so is there a big difference in in the courtroom between can't and simulator that lets you play with up to one hundred thousand dollars a virtual money so you can see how your moves would do before you actually take on any risk over ten million do you prefer a great user experience as so you know we end up for you you you have your process you know still for my own business i don't believe that if i go speaking HSBC stop being created equal we've gotta talk about e toro they're the ones that sponsor this show and really help us do everything that we do over here crypto wanna one so if you haven't already you too crypto one oh one podcast dot com slash e touro check them out if you're not sure if you want to put money in the market that's okay because they have a virtual what is the path to decentralisation like what would that look like i mean you could talk about it in practical terms or in your roadmap your theoretical vision what would that they lose their phone all the time or are they break it like i know some people that will go through to iphones a year one solution doesn't work for everyone so it's great that you have multiple end users have already decided that he tows the platform for them across one hundred and forty countries the least you could do is check it out okay back to what we were talking about what we want to achieve is more like a a new breed solution where basically we give the responsibility to us to say it because as much as we want to believe that everyone is ready to handle private keys that's just a fact of life that no they're not like they can't even handle their house keys for radio users are going to end that one private key and everything will go well i don't really believe that it's next sense yet so options we we have to feign case on we start in synapse send the because we have one hundred thousand users every day we receive in maryland he likes you know like these banks and i tell them like okay we are going to put this decentralized KYC process so blockchain like yeah you come to anything anymore so probably like i really believe in the solution image trying to end the canana i lost my phone i didn't produce the bite may keys what can i do it yeah like if it's a fire on me basically that we wanted you slept said y- appreciative plays a marketing incense hey guys what we're talking about all platforms oh you do you choose a knowing like what what i think that's really brian who like KYC and digital identity like what rules do you actually have to follow i know you're based in france but i mean how does it illiterates rules from different jurisdiction is it a second point by you know waiting for us to be traced the source to the meeting marketing sense to say no i meant by yeah i prefer the android marketing than to say yeah this is that's i then gets like a a huge if you take the full process usually you as a financial action task force o. f. a. t. f. that usually do some we condition you won't countries to apply venza comes trees decide supply it's nuts and then we shinzo countries and stuff like who's rules do KYC providers actually have to follow like who watches over you to make sure that you're doing your job right yeah so that case for users but you should know some projects that would be cigarettes oakley vend but i didn't find the right one amendment so when it comes to the type of identity yeah so we we can imagine this secretion like that something what do you prefer security any shoe professor responsible enough to handle your own private key you go here you as in venue do you think that you'll be able to get people who don't have identification like refugees or homeless people onto your platform in in give them some hash it and then get some type of confidence interval to say that this is a unique person this this hash is not like how do you how does that work i guess has like the private sector banks or exchanges will need to comply with these rules now celo usable solution for companies and i don't know like you try to register in that continent komo they don't need like this AM or whatever so it's really this is a solution that can obviously these guys won't be able to access they're very let's let's the provider savvy sweat you can unlock using your face it's not like some countries on the tree playing with the same rules that notice so some sometimes it's harder to verify information the b. face and the then some some website for being you know just happy to know that this is unique inventory exchanges all some like which side between compliance yeah yeah kinda we're like if i have a pimple that damn not to be able to log in according to a country it's multiple KOA be goza yeah we didn't talk about it we also provide a know your business oh yeah but something that's a walking on but we would probably be coming on sounds interesting so you guys are using cryptography to take image data i have to say KYC on a more regular basis anyways the frustrating pain point so i'm glad that it's getting improved speaking of pain points of fiat a user experience luggage like really should amuse monza kauai decide by lonzo kelly sees pretty standout shoe country in my bank account don't worry no he just takes cook soup lines on your face and spiritus thunder today like leads on naturally following a quick to now do you do you envision a solution like the one that synapses providing pro of this platform synapse KYC's absolutely my least favorite part of crypto i mean even more so than getting hacked or fish tweet trendy working on high sch- you'll fe and then we'll compare the ash of face with order cool all right i like that it's like the iphone face idea i guess right but yeah okay that's really great i'm really glad that you've built this really what bitcoin hopes to do worldwide house the euro worked out so far across all those countries over there you don't have an idea and we company show what's your name each raw anna his whatever you can steal own identity princi- twenty years ago the euro took its first step towards uniting different countries under one currency for the first time at least you know in my lifetime is that as a camera on iphone superglued and the and the camera like your webcam i would said that the good points of detail ability to coots the middle okay we can talk together about about this euro it's like more okay we have these goal off politics awesome i love that tell me let's talk about building businesses so yeah like issue fish about something and you see a problem in in this field they've looked us traders business guy lawyers and you know like if we want as an interest row chen can interesting in like so many different ways ed's but like recommendation there really what's the countries to follow venues review of the g twenty VC's recommendation so everyone can have like one aspect re like and the i think you know sharing revision to give like i i'm not sure that tissue foods is there a number one rule that you adhere to when you build your business like a first principle of building a successful business united everyone but may be countries are not very old aligned together it's like more like whole france can chen as a company and it's a huge nightmare currently so we try to provide this process ability or with a super friendly align or the interest together that's obviously as a main i appreciate what you're leaving europe like united by every country i might point on that would be a might be kapitula ridiculous because that's a very big issue that i like politics titled tree like petitions hushes a tweet on our platform so it may just to make sure that you have one account like you can't have like five accounts or whatever malaika very open world while you're just responsible you all your unmanning your choice is tina very free free will like mary close you know for me it's weird when i hear blockchain guys will like full of the national thing important to focus on you know make a list of the things that are friction in your life and then attack one of those i like that i've never heard that before and for our aetna execution like the took just do a not try to think too much about what would be the best way of doing you delete on your computer is usually crap so that's a big gap that we have a we've so that's why it's probably harder for us to find a solution you bits of an gemini that can be you know so productivity should be inspired by ho between is doing like just execution not fess point would be creating a business he's holding also accused shield which really love final question it's our favorite question to ask every person that comes on the podcast and you know this is crypto one zero one so a lot of the times this'll be the very first but the descendants i'm not everyone needs to stop it's up to you can do agency sorta mardi shoe quite decent money and you're good amazing job that's that's like trying to have the same savvy between the lower quality of the deal strength very even if it doesn't work at easter no why does i love what you said i love what you said about you know finding a problem that you personally not every companion two billion dollar a companion yuan that's yeah troy to the shoe industry but you love we have in solving that i think people get so caught up in trying to solve you know a billion in one different problems that they've never experienced themselves but you know it is odd cast that somebody listens to an entering the space so what's one solid word of wisdom that you could provide the audience from your vantage point want to get in touch with us and leave some comments or some awful things in RDM's at crypto one pod on twitter a trader in normal life i'm not sure that they would different i like that issue would be komo no i think that we've mitch richie we would see more like project grizzly managed dan join our facebook group just searched for run one one crypto so thank you so

bryce florian one hundred thousand dollars eighty five percent two billion dollar seventy percent twenty years six months ten years one year
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WSJ Minute Briefing

01:47 min | 1 year ago

Stocks Tick Lower in Volatile Session

"Technology it's in your pocket your car. Your Business and the Wall Street. Journal's Tech news briefing is tracking all of it from consumer tech to cybersecurity from the giants to the startups every weekday. We bring you the latest stories about the companies and advancements that are changing the way we live and work tech is remaking the world will make sure part of it subscribed to the WSJ tech news briefing from the Wall Street Journal. Wherever you get your podcasts. This is the closing bell brief Tuesday April twenty eighth. I'm Charlie Turner for the Wall Street Journal. Stocks ended lower Tuesday in volatile trading session. The Dow Jones industrials fell thirty. Two points to twenty four thousand one hundred one tech stocks were among the weakest performers sending the Nasdaq composite. Down One hundred twenty two points. The S&P five hundred lost fifteen as more states prepared to relax. Their CORONA VIRUS CONTAINMENT MEASURES. Some hard hit sectors saw gains today including energy financial and industrial companies. Airline stocks rose after southwest reported a narrower than expected quarterly loss. Its first loss in nine years and announced plans to raise new capital. Pfizer says it could have a corona virus vaccine ready for emergency use in the fall if it proves to be safe visors. Ceo said testing is already begun in Germany and could start in the US as early as next week if health regulators sign off on it after the closing Bell Google Parrot Alphabet reported better than expected revenue figures shares. Were up more than three percent in after hours trading elsewhere Ford reported a nearly two billion dollar loss and starbucks said same store. Sales fell ten percent for the first time in nearly eleven years for more head to wsj.com or the WSJ APP.

Wall Street Journal giants bell starbucks Charlie Turner Pfizer wsj.com Ford Ceo Google US Germany two billion dollar three percent eleven years ten percent nine years
Dallas Morning News 7/15/20

The Dallas Morning News

03:30 min | 1 year ago

Dallas Morning News 7/15/20

"Good morning it's Wednesday July fifteenth I'm Mary Hildebrandt and here in the top stories from the Dallas morning. News expect a mix of Sunshine and clouds today with a high around one hundred. It'll be partly cloudy tonight with a low around eighty. Our top story is the primary runoffs were originally postponed because of the COVID, nineteen pandemic took place yesterday journalists at the Dallas. Morning News spent the evening covering the July fourteenth primary runoff elections. Elections top races included a battle for the Democratic US Senate nomination to see who would take on senator. John Cornyn in the fall as well as the democratic runoff for the twenty fourth Congressional district rates find results and more at Dallas News Dot com in other News Dallas. County reported twenty new coronavirus deaths yesterday as well as one thousand additional cases. It was the twelve th straight day. The county has reported one thousand or Or more cases and the Single Day toll tied the county's high reported on June thirtieth. The latest victims included Sixteen Dallas residents, a man in his forties Amana fifties to men in their sixties, three men and three women in their seventies, four men, and a woman in their eighties and a woman in her nineties, three of the victims lived in long term. CARE facilities a Cedar Hill woman in her seventies to Duncanville men in their. Their fifties and seventies and a grand prairie man in his forties also died. The new cases bring the county's count to thirty, five, thousand, nine hundred fourteen cases, which is about thirteen point six for every one thousand residents, there been four hundred seventy seven deaths from covid nineteen. The county does not report recovery's across the state. A record, ten, thousand, seven, hundred, forty, five confirmed, new cases were reported yesterday along with eighty seven additional. Additional deaths, the rate of positive cases, also climbed to nearly seventeen percent, which is a new high for Texas in Sports, faced with the economic reality of a season with no fans in stands, Rangers, ownership indefinitely furloughed twelve percent of their employees. Yesterday the total came to just under sixty employees. The Rangers had been among the first organizations in the majors to institute pay cuts when Covid nineteen shutdown baseball, but ownership had steadfastly maintained it. It had no plans for furloughs, but the Rangers had also been helpful of fans being allowed into globe life field this season after governor. Greg Abbott issued directives allowing up to fifty percent capacity at pro sports venues last week. However Major League Baseball announced it would open the season to empty stadiums on July twenty third, and would re evaluate attendance policies four August the furloughs offset a number of new hires. The Rangers had made. Made in the ten months leading up to the expected opening of the one point, two billion dollar globe, Life, field and local news, so we can't travel to Europe or even to the state fair of Texas, but we can look forward to a three level store. That's everything Italian Italy in Dallas North Park Center is still on schedule for Dallas opening in two thousand and twenty easily is a hybrid market and restaurants. That's only in. In a handful of US Malls Dallas is the only US location. The company has scheduled to open this year, but there isn't an exact date for the stores opening yet the Dallas morning. News rewards program is proud to bring you virtual events for more information and events please visit. Reward Start Dallas News Dot Com for more on these stories, and for the latest breaking news visit Dallas. News Dot Com thanks and enjoy your day.

Dallas Rangers Dallas North Park Center Morning News US COVID Texas Mary Hildebrandt John Cornyn Cedar Hill Duncanville Senate senator Greg Abbott Amana Europe Italy two billion dollar seventeen percent twelve percent
Global Stocks Mixed Following Wall Street's Sharp Selloff

WSJ Minute Briefing

01:52 min | 1 year ago

Global Stocks Mixed Following Wall Street's Sharp Selloff

"Business casual is a new podcast by morning brew. That makes business news enjoyable, relatable and dare I say fun. I interview the biggest names in business covering topics like how technology is changing the fitness industry, and the economics of influence or marketing. It's the business podcast that makes you smarter and makes you laugh. Listen to business casual wherever you got your podcasts. Here's your morning brief for Thursday. June twenty fifth I'm Keith Collins for the Wall Street Journal. US futures wobbled stocks in Asia, mostly fell, and European shares erased early losses this morning. This follows yesterday's steep drops on Wall Street as surging corona virus cases in several US states fueled worries at the economic recovery could be in jeopardy California Governor Gavin newsom warned that a sharp rise in infections there could force the reinstatement. Reinstatement of lockdown measures on businesses, the governors of New York new, Jersey and Connecticut told visitors from states with high rates of covid nineteen cases to self isolate for two weeks German, Fintech company Card said filed for insolvency today a week after auditors founded two billion dollar hole in its balance sheet, why cards shares plunged almost ninety percent in the days after that disclosure wiping out nearly twelve billion dollars in market value. Softening CEO Masayoshi. Son said he's stepping down from the board of Chinese ECOMMERCE giant alibaba sunset. He's leaving on good terms and was matching the resignation of. Co. Founder Jack Ma from the board of Japan's Softbank which had been announced in May. The moves bring to a more than a decade of board level ties between the two tech powerhouses. The latest weekly US jobless claims figures are due out this morning Nike reports quarterly earnings, and the Fed will release the results of its annual bank stress tests later today for more details. Please head to our website. wsj.com or the WSJ APP.

US Wall Street Journal Fed Son Gavin newsom New York Nike Keith Collins alibaba CEO Jack Ma Asia California Softbank Connecticut Co Founder Japan twelve billion dollars two billion dollar